The present study attempts to test the main monetarists’ propositions, which are rather ‘always and everywhere controversial’. The study considers three monetarists’ propositions, which deals with: the relation between money growth and inflation; money growth and output growth; and...

Since the formation of Karnataka state on linguistic principle in 1956, the state is moving towards homogeneity with people who claim Kannada to be their mother tongue increasing their share in the population at successive censuses. The linguistic minorities who know Kannada as a second language...

Cultural and social exclusion from the political system resulted in women and other disadvantaged sections of population being alienated from politics and governance. The reservation of seats in local governance has offered women new political space and an opportunity to participate in...

The main purpose of this paper is to test market effieicenty in a semi-strong form by employing price integration approaches such as the modified Ravallion model and cointegration tests. This paper also investigates whether India stock market is an effieienct processor of macro-information by...

This study aims at providing an understanding of the economic structure and structural changes in private investment in the Indian economy. The overarching problem addressed in this study is whether or not identifiable structural transformation has occurred due to economic reforms in India. What...

Empirical evidence on the effectiveness of SEZs policy over EPZs structure is analysed in this paper by aggregating data of seven conventional SEZs from 1986-87 to 2007-08. The study reveals that the introduction of SEZs in place of its predecessor, the EPZs, is having a significant and positive...

The focus of this paper is to review the financial position of panchayats in India. The analysis is based on the secondary sources of information. It reveals that the panchayats have very little fiscal autonomy. The locally raised revenues are very negligible. The funds flow from higher level...

The issue of non-performing assets (NPA), the root cause of the recent global financial crisis, has been drawing the attention of the policy makers and academicians alike. The problem of NPAs, which was ignored till recently,has been given considerable attention after liberalisation of the...

The Indian industrial policy made a major transition towards liberalisation in the mid-1980s, with the proponents of liberalisation expecting not only a general increase in the efficiency of Indian industry but also improvement in terms of innovative performance. Extensive industrial studies, as...

Panchayats have provided the opportunity for the widest section of rural society to participate in local governance. Social conditions, however, ensure that only a section of the village people actually acquire and wield power. Political power, built through patronage, political experience, and...