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What is governance and how does it evolve? What are the steps involved in law-making and what often holds back its implementation? Do the legislature and the executive relate to the rapidly changing democratic politics? Can the globally hailed policy theories work in India? This short introduction addresses such debates and more through a variety of case studies. Tracing the evolution of the discipline in India, it provides a concise and lucid introduction of how policies develop, how they are implemented, as well as the techniques of evaluation and the challenges in governance facing the country.
Considered the most sophisticated and complex part of the economy, the financial system keeps the entire economy functioning smoothly. This volume captures and analyzes developments and trends in the different components of this system, including equity markets, foreign exchange and commodity markets, banking and micro-finance sectors, and corporate governance.
This collection analyzes and assesses the complexities of contemporary India's socio-economic reality from multiple perspectives. The contributors comprise eminent thinkers and grassroot activists from diverse fields like the judiciary, social development, environment, education, contemporary science, and art. Unlike the bulk of available literature on emerging India, which focuses mainly on the positives, these articles posit contrary views, necessary for a balanced, objective understanding of the issues.
‘If both banks grew at the rate they have achieved in the past four years, ICICI Bank will overtake State Bank in four years in terms of deposits’—Business World, July 2007 ‘Even a casual glance at SBI . . . reveals a bank fuelled by growth . . . SBI has swamped almost every segment of industry it has stepped into’—Business India, August 2009 This is the story of the carefully planned resurgence of the State Bank of India (SBI) from a laid-back incumbent under threat from private players to a customer-oriented competitive organization that has outperformed rivals despite several constraints. The leadership at SBI succeeded in reshaping perspectives and profitability at the bank, ...
This book provides a comprehensive picture of the recent trends and developments in the Indian finance scenario. It provides the reader with a comprehensive description and assessment of the Indian capital markets and an analytical approach together with a description of major recent developments and the current status of the finance sector. The collection deals with issues like brokerage, security analysis, and underwriting, as well as the legal infrastructure of the markets. It focuses primarily on the Indian stock markets, corporate bond markets and derivatives markets. It also looks at the importance of asset management companies such as those involved with mutual funds, pension funds and venture capital funds to gain a better understanding of the asset management industry in India.
The book provides readers with a clear understanding of infrastructure challenges, how Public‐Private Partnerships (PPP) can help, and their use in practice. Infrastructure bottlenecks are generally considered the most important constraint to growth in many countries worldwide. Historically, infrastructure projects have been financed and implemented by the state. However, owing to the fiscal resource crunch, time and cost over‐runs, and the general poor quality of publicly provided infrastructure, many emerging market governments, including India, have increasingly adopted PPPs with billions of dollars of investment riding on them. The results have been varied – from spectacular airpor...
This Volume Provides A Reform Agenda For Liberalisation And What Needs To Be Done To Bring The Rural Poor Into Interaction With Markets, So That They Can Tap The Opportunities That Market-Based Liberalisation Throws Up.
Broken Promises tells the story of Bihar's plunge into an abyss of crime, corruption and economic ruin during the tumultuous decade of the 1990s, often referred to as the ‘Jungle Raj’ years. How did a land, once the cradle of civilisation, devolve into a byword for the worst of India as described by The Economist in 2004? Mrityunjay Sharma traces the post-Independence socio-politics of Bihar and the momentous events leading up to the ’90s: the unravelling of long-standing Congress governments, the rise of OBC assertion with Lohiaite politics, the JP movement that put the spotlight on young leaders like Lalu Yadav and Nitish Kumar, Karpoori Thakur's reservation formula, the rise of Naxa...
How effective is the Indian polity in making laws and policies to address changing ground realities? How do its gears work? Which stakeholder groups are more successful in bringing about policy change, through what methods, and in what contexts? Seeking to answer these questions, Shaping Policy in India takes a close look at nine landmark Indian laws and legislative attempts to reveal the sociopolitical process of policy formulation in the world’s largest democracy. Offering in-depth accounts of the evolution of these nine major legislations, this book interrogates the suitability of existing political theories to explain the policy development process in an emerging economy like India. It...
This book focuses on major development themes in the G20's agenda in the provision of global public goods.