The production of machine tools has long been associated with industrialisation besides a formidable factor of technical change and international competitiveness. This potent role of machine tool industry was amply recognised by several countries. As a consequence, they framed policies to...

The budget 2006-07 proposals in health care fell well short of India’s march towards achieving Millennium Development Goals(MDGs), the National Health Policy (NHP) goals and fully operationalising the National Rural Health Mission. Two questions still remain: (a) when will the urban bias...

Allocations to the budget for health appear to be impressive but a closer look shows that this is not so, especially taking into consideration the high inflation rate in the previous year. A substantive criticism is presented on allocation to HIV/AIDS, polio eradication, and leprosy control...

The objective of the paper is to test the empirical regularity that exporters are more productive than non-exporters in India. TFP is calculated from the Cobb-Douglas Production function using a fixed effects model. The productivity differential comparison between exporters and non-exporters...

This paper aims to demonstrate that the economic behaviour of ordinary men and women in the pre-colonial Deccan was as much ‘capitalistic’ as that of similar agents in contemporary Europe. The difference in the economic trajectories of the two societies can be reduced to different...

*Bank Rate kept unchanged *Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from the fortnight beginning August 4, 2007 *GDP growth projection for 2007-08 retained at around 8.5 per cent, barring domestic or external shocks

The paper is an analysis of food aid, rising food prices and its implications.

Panel studies based on the same set of sample households or individuals at two points of time 5 or 10 years apart are time consuming and are relatively rare in social science research. Such a method, however, was used in the South Asia Migration study (SMS) conducted by the Centre for...

A brief introduction to Reserve Bank of India, followed by glimpses of the Indian economy. A detailed account of reforms in India’s financial sector, in particular, the banking sector, and financial markets [Speech delivered at the Central bank of Russian Federation].

King Gyanendra of Nepal took over as a king after the royal massacre incidence in 2007. But soon after taking the power people of Nepal were fed up of his authoritarian tendencies and the continuous unrest in the country. The brutality of king Gyanendra compelled political forces in Nepal to...