This paper analyses the pattern and determinants of income risk and expectation in rural India. It uses unique primary survey data eliciting subjective income distribution from households in twelve villages in Bihar. It finds that expected future income is significantly and positively associated...

The spate of controversy and the flurry of charges surrounding the allocation of spectrum for the second generation (2G) mobile telephony services on a First Come First Served (FCFS) basis stands out in stark contrast to the near universal acclaim for the allocation of spectrum for the Third...

In India, despite the rhetoric of a publicly provided health care at affordable cost for all, an overwhelming 75% of the health care needs is serviced by the private sector. Moreover - owing to the low levels of government financing in health coupled with a lack of risk pooling mechanisms, out...

The Indian electricity sector is characterized by gross under-investments in the generation sector. Despite a very low level of per capita consumption vis-à-vis a country like China, the installed generation capacity is unable to meet the demand with average peak shortages estimated to be in...