Capital Markets are an important mobilizer of resources for the corporate sector. Investors’ confidence is key to the healthy developments of capital markets, it is necessary that comprehensive and adequate laws exists to regulate security industry to protect investors interests and rights....

L.C.Gupta’s Committee on Derivatives has recently submitted its final report to SEBI. It major recommendation is to introduce index futures in order to provide the facility for hedging against market risk in the most cost-efficient way. There are four pertinent questions that need to be...

With the rejection of ED-18 on July 6, 1977, the longest running epic of the financial world “Inflation Accounting” has come to a standstill where U.K. accounting profession is living with “An Interim Recommendation” and the U.S. (through its SEC requirements) is content with disclosure...

In recent years, there has been increasing criticism of financial statements prepared under the long-established cost conventions. The accounting profession all over the world has been debating various approaches to accounting for inflation. In this paper, we have attempted to restate the...

Recent drought in western India is unique for many reasons. The most conspicuous is the fact that it has generated unprecedented apathy and indifference of intellectuals. The situation in Gujarat is all the more paradoxical. The paper draws up an agenda of issues which deserve urgent attention....

Behavioral experiments conducted so far to establish existence of endowment effect as propounded by prospect theorists typically endow subjects with a single good. In this paper we depart from this setting by giving subjects initial endowment bundles which consist of two goods: chocolates and...

Real corporate governance requires tough financial regulators which effectively work to safeguard investors’ interests in securities and endeavour to create a proper environment for the securities market to develop. The financial regulators – Securities and Exchange Board of India, SEBI in...

In this paper, we study the mechanism of dynamic pricing of electricity and its opportunities in the Indian context. We compare the economic efficiency of dynamic pricing vis-à-vis the traditional flat tariff of electricity. We analyse various ways in which dynamic tariff can be introduced in...

For a country like India, which is committed to the rule of law, the role of police is undergoing changes very rapidly. It is primarily due to the fact that the country has transformed from a police state to welfare state since independence in 1947, and thereafter since India became a Republic...

The corridor allocation problem is one of assigning a given set of facilities in two rows along a straight corridor so as to minimize a weighted sum of the distances between every pair of facilities. This problem has practical applications in arrangements of rooms in oces and in hospitals. The...