In the recent past, the ailing situation of finances of various states in India assumed utmost importance and attracted the attention of experts, analysts, policymakers and regulatory bodies. Many states initiated the reforms process to revitalize the poor condition of state finances. One such...

The Japanese economy was seen as a role model for other emerging economies which were striving for consistent economic growth and it was all set to take over the US by the 1990s. However, Japan experienced structural problems that pushed the economy deep into stagnation. The economic growth of...

Ever since the economic reforms have begun in India in early ‘90s, the banking sector in India has made a tremendous progress and has come a long way since then. Unarguably, banks are the most important part of a country’s financial system. In India, till ’90s the banking sector was...