Even when a developing country moves towards a market economy characterised by competitive prices, there are several goods like water, essential food items, infrastructure related goods and so on whose prices cannot be left to the market. When a planner fixes prices of such goods the resulting...

Effective control of non-performing assets (NPAs) is critical for sustainable and healthy growth in the banking sector of any economy. In this paper we attempt to establish a possible connection between the problems of loan non-repayment in the formal credit market and credit accessibility from...

The theory of Walrasian equilibrium yields a set of prices at which the aggregate competitive demand for each commodity equals its aggregate competitive supply. However, even at equilibrium prices the theory of competitive equilibrium does not explicitly offer explanation regarding the manner in...

This paper examines the technical efficiency, technological gap ratio, and productivity change of Indian pharmaceutical firms across different groups. The groups are formed based on size, strategies, and product varieties. The analysis indicates that vertically integrated firms that produce both...

Services trade has assumed considerable importance for the Indian economy and the role of IT and IT-enabled services (ITES) is particularly worth mentioning in this context. The growth of this sector has not only helped to improve our current account balance, but also generated income and...

In order to ensure smooth flow of funds for the development of infrastructure in rural India, Rural Infrastructure Development Fund (RIDF) was introduced in the budget of 1995-1996. The RBI governs this fund through NABARD with corpus from the commercial banks. This paper is an attempt to...

There is a growing literature on the issue of corruption. In particular, there is a large body of work that looks at policy instruments relating to punishment, incentive or monitoring schemes for the control of crime. In this context this paper considers, within a game theoretic framework, the...

The beginning of the year 2002 has seen some concrete reform measures concerning the state- level public sector enterprises (PSEs) in Karnataka. One of the interesting features of this new initiative is to identify enterprises for privatisation not through the measurement of profit but on the...

This study examines the foundry industry of Howrah, West Bengal which is currently characterized by low-technology based production coupled with an attempt to undercut market price via compromises in quality. This is in contrast to the policies of similar foundry industries located in the...

Macroeconomic instability, characterised by high inflation, a fragile foreign exchange position, high rates of interest, increases uncertainty for any investor or producer and hence slows down economic growth. While this is generally accepted, the usual perception about the agricultural sector,...