Everybody in India seems to be looking for the retail investor to come back to the market. He is badly needed because he is the major (rather only) source of providing risk capital. Portfolio managers (including FFIs) only shuffle around the holdings in existing scrips, but do not inject much...

This paper suggests a roadmap for IIM Ahmedabad to increase its intake substantially with available resources in its flagship ‘Post Graduate Program in Management’ (PGP equivalent to MBA). Solutions for other IIMs should be similar as all share similar programs, ethos and culture; differences...

Problems of poor in ecologically fragile environments like drought prone regions have not received adequate attention either from academicians, planners or from international aid and research organizations. The issue is not merely the scale of efforts but also the theoretical paradigm which...

The paper evaluates the general tax reduction in lieu of investment allowance. The general tax reduction affects the tax rates and has universal impact, while investment allowance helps lower the tax base and thus, affects different tax payers differently. By analyzing the impact of two...

The accounting profession all over the world is currently considering whether accountants should be required to adjust reported income for inflation. The limited objective of this article is to measure the impact of price-level accounting on reported profits and relevant financial ratios. The...

This paper is an attempt to examine the issues underlying the current debate about reintroducing the badla system. The differences between badla system on one hand and options and futures markets on the other are highlighted. Then it is argued that for an efficient security market, facility of...

IIM-A in collaboration with NABARD and Swiss Development Cooperation conducted a field study to identify policy options for rural credit in drought prone regions. A joint monitoring team for field study comprising of professionals from three institutions deliberated on the findings and suggested...

The option industry has witnessed explosive growth since 1973 when the first organized option exchange opened in Chicago. Moreover, this growth is continuing into the 1990s as entirely new types of options are created and as more of the traditional options on securities are listed and traded....

During the last two decades, there have been several proposals on how financial statements should be adjusted to show the effects of Inflation. The earlier suggestions were to adjust the financial statements using a general price index. Lately the emphasis has been on current value accounting....

The badla system, which allowed transactions to be carried forward from one trading valan to the next, was banned by the SEBI in March 1994. SEBI was hoping that for the purpose of speculative trading, an internationally accepted system of options and index future trading would replace the...