This paper computes calorie deficiency indicators for the rural sector in India for the quinquennial National Sample Survey (NSS) rounds of 1987-88, 1993-94 and 1999-2000. Calorie requirements according to sedentary, moderate and heavy levels of work are used. There appears to be a substantial...

This paper purports to review the performance of the Debt for Nature Swap (DNS) Programs in light of their dual objectives of lowering deforestation rates as well as the cost of debt servicing. It evaluates the performance of private and Public DNS and inquires whether such swaps have made any...

This paper re-emphasizes the importance of price stability as a tool for macroeconomic policy and make it more specific by considering a typically (unanticipated) advantage of stabilizing the Consumer Price Index (CPI). I briefly review the recent economic growth performance of the Indian...

This paper surveys the status of food security in the South Asian countries, particularly India. Particular attention has been paid to small landholders (those households owning less than 2 hectares of land). Using NSS data from 1993-94 and 2004-05 the paper shows that small landholders are an...

This paper attempts to measure cost-inefficiency of nine major Indian State Road Transport Undertakings (STU) for the period 1983-84 to 1996-97 in a manner that allows this inefficiency to vary both across time as well as across STUs. We found that given the size distribution of the STUs and...

In an economy undergoing structural reforms the composition of savings goes through considerable change. It is important to understand such changes both for increasing the volume of aggregate savings (to garner resources for higher economic growth) as well as affecting their composition (towards...

We analyse the possible response from Asian developing countries (ADC) to the proposal for the formation of an international legal entity called World Environmental Organistion (WEO) designed to facilitate the internalisation of global environmental externalities. We argue that the WEO must...

In this paper we test the Barro proposition in the Indian context using two methods. We first use the conventional two step method proposed by Barro and applied in the Indian context by Ghani (1991). We then move on to the interpretation of the Barro proposition in a cointegrating VAR framework....

In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization program in 1991-92. The subsequent financial reforms have had important implications for the user costs of assets and resulted in significant substitution among them. Hence there...

Inflation targeting (henceforth IT) has emerged as a significant monetary policy framework in both developed and transition economies. It has been in place for a decade or more in a number of countries - with around 20 central banks adopting it as their basic monetary policy framework. Some...