Literature suggests that there might exist some correlationship between the financial sector and capital market development, and the growth of real GDP. There have been several studies on this subject but the results are inconclusive. Hence, the objective of the present study is to contribute to...

The present study is based on the data for 58 large Central Public Sector Enterprises (CPSE) manufacturing/producing goods as well as data on industry groups provided by the Department of Public Enterprises, Ministry of Industries, Government of India for the period 1990-91 to 1998-99. The 58...

The experience of developing countries suggests that financial integration helps in the growth of capital markets but it may adversely affect the volatility of share prices and stock market efficiency if Capital market reforms are not appropriate. Hence, the objective of the present study is to...

The exchange rate in India had not been fully floating until the financial year 1992-1993. Even after this the exchange rate market has required intervention on many occasions by the Reserve Bank of India that sold US dollars in the spot and forward markets. Based on the theoretical foundations,...

In an attempt to delineate sources of change in poverty in India and to assess their relative contributions in reducing (or raising) the poverty incidence in the eighties and nineties this paper employs two decomposition exercises. The first one expresses the percentage change in the poverty...

The Kyoto Protocol, when signed in 1997 at the historic city of Kyoto in Japan, had generated a lot of optimism in the world community's capacity to come together in addressing global issues. Here I have touched on three themes linked to the Protocol. The first piece looks at the importance of...

Discussions on mortality in the context of developed countries often centre on the causes and places of death. However, inadequate health care systems coupled with economic and socio-cultural factors add another dimension to the issues of mortality and morbidity in developing countries: that of...