Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...

The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money; narrow, broad or base, is being influenced by measures related to financial inclusion and also behavioural changes with respect to the increase in usage of plastic money and...

Prime minister's recent introduction of new social security schemes to ensure insurance and pension for all remains a laudable step. These schemes were launched on May 9, 2015 and are expected to enhance welfare of citizens, especially workers in unorganized sector. The schemes are Pradhan...

This paper examines the impact of foreign banks on Indian economy. Further, it discusses the various opinions towards the foreign bank operations in the host country, with India as the example. The paper looks at the regulatory framework in India to understand the attitude of RBI towards foreign...

Vibrant, deep and robust corporate bond markets are essential to enhance stability of financial system of a country, mitigate financial crises and support the credit needs of corporate sector, which is vital for the growth of an economy. Our review of research and policy papers on the corporate...

Inflation targeting (IT), since its inception, has been a topic of much debate for economists all around the world. In this paper, the suitability of inflation targeting for an emerging economy like India is explored, pitching it against the multi-variable approach currently being followed. One...

The rising level of urbanisation in India draws attention to inadequate infrastructure levels in urban areas. While many factors play a role in infrastructure development, this paper examines the financial requirements for such growth. The paper examines the broad fiscal position of urban local...

The study attempts to analyse congestion problem with emphasis on having a policy incorporating realistic solution for having affordable, accessible, reliable and acceptable mobility. It has been found that in Indian urban scenario, modal transport system must be capable of having flexible high...

Food subsidy is a significant part of the cost incurred by the national exchequer. The Public Distribution System (PDS) has been long criticised for its inefficient track record with enormous leakages. This is a significant loss to the country. One of the main reasons for existence of leakages...

Gold is the most liquid form of wealth for centuries. This distinct characteristic of the yellow metal has eluded researchers for several years and continues to do so. It is also used as a hedge against inflation or recession when the market does not provide optimal investment opportunities....