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,...