There is a glaring paradox in all commonly used measures of poverty. The death of a poor person, because of poverty, reduces poverty according to these measures. This surely violates our basic intuitions of how poverty measures should behave. It cannot be right in concept that differentially...

A new comprehensive scheme, called Rajiv Gandhi Scheme for Empowerment of Adolescent Girls or Sabla, merging the erstwhile Kishori Shakti Yojana (KSY) and Nutrition Programme for Adolescent Girls (NPAG) schemes has been formulated to address the multi-dimensional problems of Adolescent Girls...

Innovative measures needed in our banking sector which would render it more inclusive, vibrant, productive, efficient and above all, customer-centric. [ seventh Annual Banking Conference “Bank on it , 2014†organized by the Narsee Monjee Institute of Management Studies in Mumbai].

The first objective of this paper is to contribute to the debate regarding the desirability of the sharing of liability for the accident loss. The second objective is to extend the efficiency analysis beyond Shavell (1980, 1987) and Miceli (1997), to search for the second-best liability rules....

A growing body of literature suggests that courts and juries are inclined toward division of liability between two strictly non-negligent or “vigilant†parties. However, standard models of liability rules do not provide for vigilance-based sharing of liability. In this paper, we...