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Welcome to New Century Publications’ Economics, Commerce, Management, Women Studies and

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New Century Publications specializes in the publication of

books on economics, commerce, management, women

studies, politics/foreign affairs and related subjects in social

sciences. It particularly focuses on developments in the Indian

economy which is the fastest growing economy, after China, in

the world today. An array of titles on the Indian economy, authored

by distinguished scholars, is available including economic planning

and economic reforms; agriculture and rural development; industry

and infrastructure; fiscal policy, government budgeting, taxation

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financial markets, micro finance, self-help groups (SHGs);

manpower, employment policy and labour welfare; human

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investment and corporate management and consumer studies.

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2010 and 2011.

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CONTENTS

1. New Titles in Economics, Commerce and ManagementIndian Economy – General ............................... 2

Globalization / Development / Poverty / .............. 3Micro Finance

Fiscal Federalism / Public Finance ........................ 4

Fiscal Policy / Economic Growth ........................ 5

Financial Intermediation and Markets ................... 6

Prices / Monetary and Credit Policy .................... 10

Economic Planning / Development ...................... 11

International Trade / Regionalism ........................ 13

Indian Agriculture / WTO .............................. 14

Global Financial Crisis / Recession ..................... 15

Banking and Finance / Insurance ........................ 17

Marketing / Small-scale Enterprises .................... 19

Regional Development ................................... 20

2. New Titles in Gender / Women StudiesWomen and Employment ................................ 21

Micro Credit / Women Workers ....................... 22

3. New Titles in Politics / Foreign AffairsForeign Policy Dimensions ................................. 23

West Asia ................................................... 24

International Relations ..................................... 25

4. New Titles in Health StudiesHealthcare and Human Development .................. 26

5. Key Backlist...2009 and 2010 .......................... 27

6. Checklist ........................................................ 35


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Indian Economy – A Performance Review – 1947-48 to 2010-11By Chandra Shekhar Prasad, Consultant, National Commission for Enterprises in the Unorganised Sector (NCEUS),Government of India, New Delhi. (Formerly ADC and Economic Adviser, Ministry of Micro, Small and Medium Enterprises,Government of India)

The development pattern of India during 1950-80 was characterised by strong centralised planning,government ownership of basic and key industries, excessive regulation and control of private enterprise, tradeprotectionism through tariff and non-tariff barriers and a cautious and selective approach towards foreign capital.It was quota, permit and license regime guided and controlled by a bureaucracy trained in colonial style. This so-called inward-looking, import substitution strategy of economic development began to be widely questionedwith the beginning of 1980s. Policy makers started realising the drawbacks of this strategy which inhibitedcompetitiveness and efficiency and produced a much lower rate of growth than expected.

Consequently, economic reforms were set in motion, though on a modest scale, when controls on industrieswere reduced by the 1985 industrial policy. The economic reforms programme got a big boost when theGovernment announced a new industrial policy in the Indian Parliament on July 24, 1991. Since then, it isliberalisation, privatisation and globalisation all the way and the process is underway. In the new liberalisedindustrial and trade environment, the Government is progressively assuming the role of a promoter, facilitatorand catalytic agent instead of a regulator and controller of economic activities. India is now Asia’s third largesteconomy and has the world’s fourth largest foreign exchange reserves. Technology, competition, and benchmarkingto the best international practices are the driving forces of India’s development efforts. Technology is gettingupgraded rapidly and competition in the market place has become fierce. The vibrant information technology (IT) industry is contributing immenselyby providing information about latest technology and international business practices. India’s gradual and cautious approach to economic reforms hasproved well-founded and the country is placed on a firm footing for future forays into domestic and global economic activities.

This book provides a comprehensive description and analysis of economic policies, strategies, challenges and achievements in various sectors ofthe Indian economy over the years.

Part I provides a sector-wise review of developments in the Indian economy since Independence in 1947.Part II presents year-wise review (1947-48 to 2010-11) of developments in the following sectors of the Indian economy: Agriculture and Rural

Development • Industry and Infrastructure • Government Finances • Money, Credit and Prices • Financial Institutions and Financial Markets % ForeignTrade, Balance of Payments and Foreign Investment.

CONTENTS

Part I: Sector-wise Review of Developments in the Indian Economy since Independence in 1947

1. Agriculture and Rural Development – Agriculture Development in India; Rural Development in India. 2. Industry and Infrastructure – IndustrialEconomy of India; Infrastructure Development in India. 3. Government Finances – Central Government Budget; Public Expenditure; Public Debt; Centre-State Financial Relations. 4. Money, Credit and Prices – Monetary Policy; Credit Policy in India; RBI’s Internal Group on Liquidity Adjustment Facility;Changing Monetary Policy Paradigm in India; Recent Challenges; Prices and Price Policy; Price Policy of the Government. 5. Financial Institutions andFinancial Markets – Financial System of India: An Introduction; Reserve Bank of India; Commercial Banks; Co-operative Banks; Development FinanceInstitutions...; 6. Foreign Trade, Balance of Payments and Foreign Investment – Globalization and International Trade; Global Economic Crisis andInternational Trade; India’s Post-Independence Trade Policy; Export Promotion Policy; Import Policy; Reduction in Tariff and Non-tariff Barriers...; 7.Economic Reforms in India: 1991-2010 – Initiation of Economic Reforms; Dimensions of Economic Reforms; Achievements of Economic Reforms; Areasof Concern; Future Economic Climate. 8. Global Financial Crisis and the Indian Economy – Underlying Causes of Global Financial Crisis; Severity andImpact of the Crisis; World Level Remedial Measures; Impact of the Crisis on India; Remedial Measures Taken by the Government; Summing Up.

Part II: Year-wise Review of Economic Policies, Strategies, Challenges and Achievements

1947-48: Independence, Partition and Dislocations; 1948-49: Announcement of Industrial Policy; 1949-50: Establishment of Planning Commission; 1950-51: Trade Agreement with Pakistan; 1951-52: First Five Year Plan Launched; 1952-53: Industries (Development and Regulation) Act, 1951 Notified; 1953-54: Taxation Enquiry Commission; 1954-55: Establishment of Industrial Credit and Investment Corporation of India Ltd. (ICICI); 1955-56: Nationalisationof Imperial Bank of India; 1956-57: Second Five Year Plan Launched; 1957-58: Wealth Tax Imposed; 1958-59: Gift Tax Imposed; 1959-60: EmploymentExchanges (Compulsory Notification of Vacancies) Act, 1959; 1960-61: Third Finance Commission Set Up; 1961-62: Third Five Year Plan Launched; 1962-63: Chinese Aggression and National Emergency; 1963-64: Appointment of Sales Tax Committee; 1964-65: Establishment of Unit Trust of India (UTI); 1965-66: Report of Fourth Finance Commission; 1966-67: Annual Plan; 1967-68: Annual Plan; 1968-69: Annual Plan; 1969-70: Fourth Five Year Plan Launched;1970-71: Contract Labour (Regulation and Abolition) Act, 1970; 1971-72: Industrial Reconstruction Corporation of India (IRCI) Established; 1972-73:Nationalisation of General Insurance Business; 1973-74: Nationalisation of Coal Mines; 1974-75: Fifth Five Year Plan Launched; 1975-76: Establishment ofRegional Rural Banks (RRBs); 1976-77: Indirect Taxation Enquiry Committee Appointed; 1977-78: Industrial Policy Statement of Janata Government; 1978-79: Report of Seventh Finance Commission; 1979-80: Training of Rural Youth for Self-employment (TRYSEM) Scheme Launched; 1980-81: Sixth Five YearPlan Launched; 1981-82: Committee on Replacement of Sales Tax by Additional Excise Duty Appointed; 1982-83: Establishment of National Bank forAgriculture and Rural Development (NABARD); 1983-84: Industrial Policy (1983-84) Announced; 1984-85: Estate Duty Abolished with effect from March16, 1985; 1985-86: Seventh Five Year Plan Launched; 1986-87: Environment (Protection) Act Enacted; 1987-88: Ninth Finance Commission Set Up;1988-89: Establishment of National Housing Bank (NHB); 1989-90: Jawahar Rozgar Yojna Launched; 1990-91: Small Industries Development Bank ofIndia (SIDBI) Established; 1991-92: Liberalised Exchange Rate Management System (LERMS) Introduced; 1992-93: Eighth Five Year Plan Launched;1993-94: Committee on Reforms in Insurance Sector Set Up; 1994-95: Current Account Convertibility Introduced; 1995-96: Mid-Day Meal Scheme(MDMS) Launched; 1996-97: Minimum Alternate Tax (MAT) Introduced; 1997-98: Ninth Five Year Plan Launched; 1998-99: Modified Export-Import(EXIM) Policy Announced; 1999-00: Swarnjayanti Gram Swarozgar Yojana (SGSY) Launched; 2000-01: Sarva Shiksha Abhiyan (SSA) Launched; 2001-02: Sampoorna Grameen Rozgar Yojana (SGRY) Launched; 2002-03: Tenth Five Year Plan Launched; 2003-04: Agricultural Insurance Company of IndiaLtd. (AICIL) Established; 2004-05: Kasturba Gandhi Balika Vidyalaya Scheme (KGBVS) Launched; 2005-06: National Rural Employment GuaranteeScheme Launched; 2006-07: Enactment of Scheduled Tribes and other Traditional Dwellers (Recognition of Forest Rights) Act; 2007-08: Eleventh FiveYear Plan Launched; 2008-09: Debt Waiver and Debt Relief Scheme for Farmers Announced; 2009-10: Thirteenth Finance Commission Report Submitted;2010-11: Deliberations for National Level Goods and Services Tax (GST) Scheduled to be Introduced from April 1, 2011.

Bibliography; Index

July 2010 • Pages: 690 • Hardbound

7½ x 9¾ • ISBN: 978-81-7708-240-1

Price: Rs. 2330

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Essays in Social and Economic DevelopmentBy Paul Streeten, Professor Emeritus, Boston University, U.S.

This volume contains 17 scholarly papers authored by Paul Streeten—well- known American developmenteconomist and a social thinker. His writings have assumed added significance in the context of globalization andprivatization wave sweeping across the countries of the world, particularly developing countries. In the immediatecontext, his ideas are relevant to understand and deal with the current global financial crisis which has beenbilled by experts as the worst since the Great Depression of early 1930s.

The papers cover a wide range of issues and concerns which have contemporary relevance for social andeconomic development of countries worldwide and the empowerment and participation of disadvantagedgroups in different countries, more so in the less developed economies of the world. The papers discuss, reviewand evaluate topical subjects ranging from poverty and hunger, global governance, cyber-terror and cyber-error, effects of globalization, international co-operation, global justice, empowerment of the left-out, politicaleconomy reforms, role of non-government organizations and concerns raised by technological advancementsincluding nanotechnology. The papers provide glimpses of the innovative ideas of the author such as globalcentral bank, global income tax, global body to provide information on investments, international investmenttrust, and a global migration agency. He also suggests a transnational secretariat and a council of wise menand women to monitor the performance of proposed bodies. He also delves on gender issues which heconsiders particularly important for reproductive freedom, for people, especially women, to be able to choosethe size of their families.

The papers are valuable for researchers, teachers, students and even laypersons who wish to understand current trends and issues in social andeconomic development of countries worldwide, particularly the developing economies of Asia.

CONTENTS1. Meaning and Measurement of Development; 2. International Co-operation and Global Justice; 3. Empowerment, Participation and the Poor;4. Poverty: A Dance of the Seven Veils; 5. Reflections on Social and Anti-social Capital; 6. Market and States: Against Minimalism and Dichotomy;7. Shifting Fashions in Development Dialogue; 8. Hunger: What Can Governments Do?; 9. Globalization, Integration and Interdependence; 10.Human Development: Means and Ends; 11. The Judo Trick or Crowding in; 12. A New Framework for Development Co-operation; 13. Contributionof Non-Governmental Organizations (NGOs) to Development; 14. Political Economy of Reforms; 15. Globalization: International Integration andDisintegration; 16. Global Governance for Human Development; 17. Technological Nightmares.

Index


7½ x 9¾ • ISBN: 978-81-7708-232-6

Price: Rs. 1485

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Micro Finance and India’s Rural EconomyEdited by Sudhansu Kumar Das, Lecturer in Commerce, Sadhu Goureswar College, Kanikapada, Jajpur, Orissa and SanjayKanti Das, Head, Department of Commerce, Lumding College, Lumding, Nagaon, Assam

After achieving Independence in 1947, the Government of India and the Reserve Bank of India (RBI) have madeconcerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreachof formal credit institutions in the past several decades, the rural poor continue to depend on informal sources ofcredit. Institutions have also faced difficulties in dealing effectively with a large number of small borrowers, whosecredit needs are small and frequent and their ability to offer collaterals is limited. Besides, cumbersome procedures andrisk perceptions of the banks leave a gap in serving the credit needs of the rural poor.

It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventionalbanking in reaching the hitherto unreached poor population. Micro credit enables the poor people to be thrifty andhelps them in availing the credit and other financial services for improving their income and living standards. The Self-help Group (SHG)-Bank Linkage Programme was formally launched in the year 1992 as a flagship programme byNational Bank for Agriculture and Rural Development (NABARD) and aptly supported by the RBI through its policysupport. The Programme envisages organisation of the rural poor into SHGs for building their capacities to managetheir own finances and then negotiate bank credit on commercial terms.

This book contains 13 well-researched papers by experts on the subject which provide analytical information onvarious aspects of the micro finance and its impact on rural economy of India.

CONTENTS1. Self-help Groups (SHGs) and Micro Credit Mobilization – D.D. Mali; 2. Micro Finance, Micro Enterprises andSHGs: A Case Study of Assam Hills – Mizanur Rahman and Jyotish Bordoloi; 3. Micro Finance in India: Some Issues – Ratan Borman and A. IbemchaChanu; 4. Micro Finance in India: Prospects and Challenges – Kartick Das; 5. Micro Credit Institutions and Rural Poor in Assam – Sanjay Kanti Das;6. Micro Finance and Transformation of Rural Economy in India – Sudhansu Kumar Das; 7. Micro Finance and Self-help Groups (SHGs): A CaseStudy – Jibon Neog and Sangita Kanoi; 8. Micro Finance, Self-help Groups (SHGs) and Empowerment of Women – Benjamin Franklin Lyngdoh; 9.Financial Services to Tribal Women through Self-help Groups (SHGs) – Kabita Kumari Sahu; 10. SHGs and Micro Credit in Rural Development: ACase Study – Pradip Kumar Das; 11. Role of NABARD in Poverty Alleviation through Micro Finance – Abhigyan Bhattacharjee and Sudip Chakraborty;12. Micro Finance, SHGs and the Role of State Institute of Rural Development (SIRD) in Assam – P.C. Dutta and A. Kherkatary; 13. Rural Developmentof Karimganj District through Micro Credit – Avijit Debnath and Golab Chandra Nandi

Index

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Hardbound • 5¾ x 9

ISBN: 978-81-7708-263-0

Price: Rs. 535


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7½ x 9¾ • ISBN: 978-81-7708-238-8

Price: Rs. 2165

Finance Commissions and Fiscal Federalism in IndiaFirst Finance Commission (1952-53 to 1956-57) to Thirteenth Finance Commission(2010-11 to 2014-15)By M.M. Sury, President, Indian Tax Foundation (ITF), New Delhi. (Formerly, Economic Adviser, Delhi State FinanceCommission)

Finance is the life blood of a government. Arrangements for finance are more complicated in a federal setup than in a unitary form of government. A federal system creates a multiple polity based on divided functionsand powers among central, state and local governments. Fiscal federalism, as a branch of public finance, dealswith financial arrangements and their working in a federal polity.

Fiscal federalism is a subject of topical interest in India in view of some recent developments of historicalimportance. With the passage of the Constitution (Seventy-third Amendment) Act, 1992, a uniform structure ofpanchayats has emerged throughout the country. Similarly, the passage of the Constitution (Seventy-fourth Amendment)Act, 1992 was a landmark in the history of municipal administration in India. As a result of these amendments, panchayatsand municipalities are now constitutional bodies forming the third tier of the federal polity of India.

Furthermore, the Constitution (Eightieth Amendment) Act, 2000, significantly changed the manner ofdistribution of Central tax collections between the Central and State Governments. Prior to this Amendment,income tax and Union excise duties were the only taxes shared with the States. This Amendment altered thepattern of sharing of Central taxes between the Centre and the States by providing for the sharing of the netproceeds of all Union taxes and duties with the States. Still further, the Constitution (Eighty-eighth Amendment)Act, 2003 included taxes on services under entry 92C in the Union List (List I) in the Seventh Schedule of the Constitution.

The Fiscal Responsibility and Budget Management Act, 2003, requires rules to be made under the Act to specify the annual targets for reductionof fiscal deficit and revenue deficit, contingent liabilities and total liabilities.

Spread over 30 chapters, this book provides a detailed description and analysis of the evolution and the present structure of fiscal federalism inIndia. In particular, it contains highlights and summary of each Finance Commission Report from First to Thirteenth Finance Commission. A detailed noteon the National Level Goods and Services Tax (GST)-scheduled to be introduced from April 1, 2011-also forms part of the book.

Besides, it contains time-series data (1950-51 to 2010-11) on India's public finances. It also includes a glossary of fiscal terms.

CONTENTS

Part I: Fiscal Federalism: Conceptual Settings1. Features and Problems of Multi-level Finance – Meaning and Features of a Federal Polity; Economic Basis of Decentralisation;...

Part II: Evolution of Fiscal Federalism in India2. Pre-Independence History of Fiscal Federalism – Mayo Scheme, 1870; Government of India Act, 1919; Indian Taxation Enquiry Committee...; 3. Post-Partition Financial Adjustments – Deshmukh Award; Expert Committee on Financial Provisions of the Constitution, 1947...; 4. Fiscal Relations underthe Constitution – Nature of Indian Federation; Centrally Biased Constitution and its Justification...; 5. Centralisation of Revenues and the Need forand Mechanism of Transfers – Centralisation of Revenues; Mechanism of Central Transfers to the States...

Part III: Level and Composition of Taxes in India6. Trends in Combined (Centre and States) Tax Revenues – Trends in Tax-GDP Ratio; Trends in the Relative Significance of Direct and Indirect Taxes.7. Level and Composition of Central Taxes – Central Taxes as Percent of GDP; Direct and Indirect Taxes; Composition of Direct Taxes...; 8. Level andComposition of State Taxes – State Taxes as Percent of GDP; Direct and Indirect Taxes; Local Finance. 9. Sales Tax and State Level VAT – Different Formsof Sales Tax; Pre-Constitution Developments; Constitution of India and the Provisions for the Regulation of Taxation of Inter-State Sales...; 10. Taxationof Agricultural Income – Constitutional Provisions; Committee on Taxation of Agricultural Wealth and Income, 1972...

Part IV: System of Revenue Sharing Through Finance Commission11. Arrangements Prior to the Recommendations of the Eleventh Finance Commission – Sharing of Income Tax Revenue; Sharing of Excise Revenue.12. Constitution (Eightieth Amendment) Act, 2000 and the Sharing of Revenue from All Central Taxes – History of Constitution (EightiethAmendment) Act, 2000; The Constitution (Eightieth Amendment) Act, 2000; Eleventh Finance Commission: New Tasks...; 13. Additional Duties of Excisein Lieu of Sales Tax – Rationale of the Scheme; Views of the State Governments; Decisions of the National Development Council...; 14. Grant in Lieuof Railway Passenger Fares Tax – History of Railway Passenger Fares Tax; Recommendations of Successive Finance Commissions...; 15. Grants-in-aidof Revenues – Principles of Grants-in-aid of Revenues; Approach of Various Finance Commissions. 16. Current Issues in Indian Fiscal Federalism –Centralisation of Revenues and Certain State Functions; Inter-regional Inequalities and Transfers; Public Borrowings and Indebtedness of States...

Part V: Highlights and Summary of Each Finance Commission Report from First to Thirteenth Finance Commission17 – 29 FIRST FINANCE COMMISSION to THIRTEENTH FINANCE COMMISSION – Approach of the Commission on Financial Transfers; Reassessmentof the Revenue and Expenditure Forecasts; Sharing of Income Tax Revenue; Sharing of Union Excise Duties; Additional Duties of Excise; Estate Duty inRespect of Property other than Agricultural Land; Grant in Lieu of Tax on Railway Passenger Fares; Grant on Account of Wealth Tax on AgriculturalProperty; Financing of Relief Expenditure; Upgradation of Standards of Administration; Grants-in-aid of Revenues; Non-Plan Capital Gap of the States;Taxes and Duties Mentioned in Articles 268 and 269 of the Constitution; General Observations.

Part VI: State-Local Financial Relations in India30. State-Local Financial Relations in India – Functions of Local Bodies; Financing of Local Bodies; Constitutional Provisions; Decentralisation Initiative,1992; Constitution (Seventy-fourth Amendment) Act, 1992; Municipal Commercial Borrowings; Privatisation of Municipal Services....

Part VII: AppendicesAppendix 1: Text of the Speech of Shri Pranab Mukherjee, Minister of Finance, while Presenting Budget for 2010-11 to the Parliament on February 26,2010; Appendix 2: A Note on National Goods and Services Tax (GST) Scheduled to be Introduced from April 1, 2011; Appendix 3: Direct Taxes Code (DTC)Scheduled to be Introduced from April 1, 2011.

Part VIII: Glossary of Fiscal Terms

Part IX: Time-series Public Finance Data on India

Select Bibliography; Index

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newFinancial Decentralization, Panchayati Raj Institutions (PRIs)and Rural Development in IndiaBy Mohd. Azam Khan, Assistant Professor and Tosib Alam, Research Scholar, Department of Economics, Aligarh MuslimUniversity, Aligarh

The passage of the Constitution (Seventy-third Amendment) Act, 1992 marked a watershed in the history ofmodern India. With this amendment, a uniform structure of panchayats emerged throughout the country. Article 243Gread with Eleventh Schedule of the Constitution explicitly requires the States to devolve powers and authority onpanchayats which may be necessary to enable them to function as institutions of self-government. India’s decentralisationinitiative in the form of Seventy-third Amendment poses challenges and offers opportunities.

Providing basic services at the grassroots level makes panchayats the primary interface of the citizens’ interactionwith the government. The principle of subsidiarity implies that matters are best handled by the least centralisedcompetent authority. Following this, these institutions need to be adequately empowered—both functionally andfinancially—to enable them to fulfil the role envisaged for them in the Constitution.

CONTENTS1. Trend Towards Decentralization: Global and Indian Experience – Meaning and Scope of Decentralization;Decentralization: Global Scenario; Decentralization in India.2. Inter-government Financial Transfers in India – Fiscal Federalism: An Introduction; Federal Constitution of India;Fiscal Federalism in India: Evolution and Structure; Expenditure and Tax Assignments in India; Fiscal Imbalances: Trendsand Issues; Inter-government Transfers; Infrastructure Financing at the State Level; Fiscal Decentralization and LocalGovernments.3. Financing of Panchayati Raj Institutions – Importance of Local Government Finance; Decentralization of Powers and Functions; Eleventh Scheduleof the Constitution (Article 243G); District Planning Committees; Financing of Panchayats; Trends in the Revenue and Expenditure of Panchayats; Roleof State Finance Commission; Central Finance Commission; Role of Centrally Sponsored Schemes; Reforming Rural Fiscal Decentralization in India.4. Panchayati Raj Institutions and Rural Development – Decentralization and Rural Development; Rural Infrastructure Development; Rural Roads;Rural Housing; Rural Drinking Water Supply; Rural Sanitation; Rural Electrification; Many Others Development Programme; Elements of a Well-designedPanchayati Raj System.5. Review of Literature on the Subject.6. Summary and Policy Recommendations.

Appendix: Main Recommendations of the Thirteenth Finance Commission; Bibliography; Index

2011 • Pages: 186


ISBN: 978-81-7708-257-9

Price: Rs. 535

Fiscal Policy, Decentralization and Economic Growth in IndiaBy Pradeep S. Chauhan, Fellow, South Asian Study Centre, St. Antony’s College, University of Oxford, UK

When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituteda major objective of the policy response. For this purpose, it became necessary to (a) enhance tax and non-tax revenue,(b) curtail current expenditure growth, (c) restructure public sector undertakings (d) improve fiscal-monetary co-ordination and (e) deregulate financial system. The need for improvements in budgetary practices led to the enactmentof the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which ushered the Indian economy in an eraof fiscal consolidation based on fiscal policy rules.

The passage of the Constitution (Seventy-third Amendment) Act, 1992 marked a watershed in the history ofmodern India. With this amendment, a uniform structure of panchayats emerged throughout the country. Similarly, thepassage of the Constitution (Seventy-fourth Amendment) Act, 1992 was a landmark in the history of municipaladministration in India. Resultantly, panchayats and municipalities are now constitutional bodies forming third tier tothe federal polity of India. This decentralisation initiative poses challenges and offers opportunities.

To counter the negative fallout of the global meltdown on the economy, Indian Government took prompt actionby providing substantial fiscal stimulus.

This book provides an account of fiscal developments in India during the post-liberalisation period, with particularemphasis on decentralization initiatives. It also examines prospects and challenges facing the Indian economy. Anappendix included in the book contains Fiscal Policy Strategy Statement presented to Parliament by Shri PranabMukherjee, Minister of Finance, on February 26, 2010.

CONTENTS1. Fiscal Policy: Theoretical Framework – Introduction; Keynes on Fiscal Policy in General Theory; Post-Keynesian Views. 2. Fiscal Policy and EconomicGrowth – Introduction; Allocative Efficiency and Growth; Public Expenditure Policy; Budget Policy...; 3. Indian Fiscal System – A Brief Prelude; FiscalConsolidation; Fiscal Sector Development at the Central Level; Fiscal Sector Development at the Level of States...; 4. Fiscal Reforms in India – FiscalResponsibility and Management Act; Tax Structure Reforms at the Central Leve...; 5. Fundamentals of Fiscal Decentralization – Introduction; HistoricalBasis of Fiscal Centralization; Emerging Fiscal Decentralization Trends...; 6. Fiscal Decentralization and Economic Growth – Introduction; DecentralizedGovernment Expenditure and Growth...; 7. Fiscal Decentralization in India – The Indian Polity; Distribution of Powers between the Centre and theStates; Centrally Biased Constitution...; 8. Progress, Prospects and Challenges of Indian Economy – India's Development Experience: Pre-reformsPeriod; Economic Policies in the 1980s; Initiation of Economic Reforms in Early 1990s; Fiscal Consolidation in the Indian Economy; Response of theEconomy to Reforms; Gains in Labour Productivity: Main Driver of Growth; Total Factor Productivity Growth and GDP; Sterling Performance of Servicesand the IT Sector; Special Economic Zones (SEZs); Faster Growth in Relatively Developed States...

Appendix; Bibliography; Index

July 2010 • Pages: 296


ISBN: 978-81-7708-231-9

Price: Rs. 740

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7½ x 9¾ • ISBN: 978-81-7708-237-1

Price: Rs. 2090

Financial Institutions and Financial Markets in India –Functioning and ReformsBy Niti Bhasin, Assistant Professor, Department of Commerce, Delhi School of Economics, University of Delhi

Finance is the linchpin of any development strategy. The financial system promotes savings by providing awide variety of financial assets to the general public. Savings collected from the household sector are pooledtogether and allocated to various sectors of the economy for raising production levels. If the allocation of creditis judicious and socially equitable, it can help achieve the twin objectives of growth and social justice.

The present book explains and examines at length the changes which have swept India's financial sectorsince Independence in 1947, with focus on post-1991 period. The book is organized into 6 parts.

Part I begins with the role of financial system in economic development. It traces the evolution of India'sfinancial system since Independence, explains its present structure and describes the role of Reserve Bank ofIndia (RBI) in providing stability to it.

Part II traces the evolution and the present status of various financial institutions (intermediaries) in India.The areas covered include: commercial banks, regional rural banks (RRBs), urban co-operative banks (UCBs), ruralco-operative credit institutions, development finance institutions (DFIs), non-banking financial companies (NBFCs),mutual funds and insurance organisations.

Part III is devoted to financial markets in India. It focuses on the reforms measures introduced in money market,government securities market, capital market, corporate debt market and foreign exchange market. It also dwellson payment systems, clearing and settlement infrastructure. Integration of financial markets is also discussed.

Part IV deals with financial instruments, particularly the emergence of derivative instruments in India.Part V contains 2 Appendices. Appendix 1 explains at length the techniques and risk management associated with internet banking. Appendix 2

relates to current global financial crisis, its impact on India and policy response by government agencies.Part VI contains glossary of money, banking and finance, bibliography and index.The book is designed to interest a cross-section of readers, viz. teachers and students of economics, commerce, law, public administration, business

management, chartered accountancy and company secretaryship. It will also serve the needs of legislators, business executives, entrepreneurs andinvestors, and others interested in financial sector developments in India.

CONTENTS

Part I: India's Financial System: Evolution and Present Structure

1. Financial System and Economic Development – Meaning and Importance of Financial System; Emerging Financial Paradigm...; 2. Post-IndependenceDevelopments in the Financial System – State Domination of the Financial Sector (1947-1990); Rethinking on State Domination of Financial Sector...; 3.Financial Inclusion Efforts in India – Financial Exclusion and Financial Inclusion Defined; Advantages of Financial Inclusion; Strategy for Building anInclusive Financial Sector; Recent Measures for Financial Inclusion...; 4. Reserve Bank of India (RBI) and the Financial System – Changing Role of RBIin the Financial Sector; RBI's Consultative Process in Policy Formulation; Financial Sector Technology Vision Document...

Part II: Financial Institutions in India

Section A: Financial Institutions in India: An Introduction

5. Classification, Regulation and Supervision of Financial Institutions in India – Classification of Financial Institutions in India; Regulation and Supervision...

Section B: Commercial Banks in India

6. Commercial Banks in India: An Introduction – Meaning and Role of Commercial Banks; Functions of a Commercial Bank; Balance Sheet of a CommercialBank...; 7. Pre-Independence History of Commercial Banks – Presidency Banks; Paper Currency Act, 1861; Banking Crisis, 1913; Reserve Bank of India Act,1934...; 8. Post-Independence Developments in Commercial Banking – Phase I: Early Years of Independence (1947-69); Phase II: From Nationalisation ofBanks till Initiation of Banking Sector Reforms (1969-91); Phase III: Banking Sector Reforms since 1991...; 9. Credit Allocation Policies of Commercial Banks– Credit Market Reforms; Flow of Credit to Agriculture and Allied Activities; Credit Flow to Micro...; 10. Prudential Regulatory Framework and Supervisionof Commercial Banks – Need for Regulation and Supervision; Regulatory and Supervisory Policy during the 1950s; Regulatory and Supervisory Policyduring the 1960s...; 11. Migration to Basel Norms by Commercial Banks – Introduction; Basel I Norms; Implementation of Basel Norms in India. 12.Management of Non-performing Assets (NPAs) by Commercial Banks – Securitisation, Reconstruction of Financial Assets and Enforcement of SecurityInterest (SARFAESI) Act, 2002...; 13. Customer Services by Commercial Banks – Committee on Procedures and Performance Audit of Public Services(CPPAPS)...; 14. Foreign Banks in India – Role of Foreign Banks; Advantages and Disadvantages of Foreign Banks...; 15. Summing up

Section C: Regional Rural Banks (RRBs) and Co-operative Banks

16. Regional Rural Banks (RRBs) – Nature and Objectives of RRBs; Amalgamation of RRBS; Autonomy for RRBs; RRBs as Vehicles of Financial Inclusion...;17. Urban Co-operative Banks (UCBs) – Importance of UCBs; Vision Document and Medium-Term Framework (MTF) for UCBs...; 18. Rural Co-operativeCredit Institutions – Classification of Rural Co-operatives; Importance of Rural Co-operatives; History of Rural Co-operatives...

Section D: Other Financial Institutions

19. Development Finance Institutions (DFIs) – Introduction; All-India Financial Institutions (AIFIs); State Level Institutions; Working Group for Harmonisingthe Role and Operations of Development Finance Institutions and Banks, 1998...; 20. Non-banking Financial Companies (NBFCs) – Classification ofNBFCs; Importance of NBFCs; Regulation and Supervision of NBFCs; Reserve Bank of India (Amendment) Act, 1997...; 21. Mutual Funds – Legal andRegulatory Framework; History of Mutual Funds; Features of Mutual Fund Industry in India...; 22. Insurance Organisations – Nationalisation of InsuranceBusiness in India after Independence; Weaknesses of Insurance Industry Prior to Reforms of Late 1990s...;

Part III: Financial Markets in India

23. Financial Markets: An Introduction – Importance of Financial Markets; Regulation and Supervision of Financial Markets in India...; 24. Money

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Market – Meaning and Functions of Money Market; Reserve Bank of India (RBI) and the Money Market...; 25. Government Securities Market – Meaningof Securities and Government Securities; Importance of Government Securities Market...; 26. Capital Market – Meaning and Importance of Capitalmarket; Capital Market in the Pre-reforms (i.e. Pre-1991) Period...; 27. Corporate Debt Market – Significance of the Corporate Debt Market; Lessons fromEast Asian Crisis; Corporate Debt Market in India...; 28. Foreign Exchange Market – Pre-Independence Period; Post-Independence Period; Post-reformsPeriod (1991 onward); Present Structure of Foreign Exchange Market...; 29. Payment Systems, Clearing and Settlement Infrastructure – Importanceof a Sound Payment and Settlement System; Segments of Payment System...; 30. Integration of Financial Markets – Integration of Financial Markets:Conceptual Framework; Need for Integration of Domestic Financial Markets...

Part IV: Financial Instruments

31. Principal Direct Financial Instruments of the Capital Market – Ordinary SharesPreference Shares; Debentures. 32. Derivative Instruments –Emergence of Complex Financial Products; What are Derivatives?; Variants of Derivative Contracts; Derivative Instruments in India; Credit Derivatives...

Part V: Appendices

Appendix 1: Internet Banking: Techniques and Risk Management; Appendix 2: Global Financial Crisis: Impact on India and Policy Response.

Part VI: Glossary, Bibliography and Index

Glossary of Money, Banking and Finance; Bibliography; Index

Financial Derivatives in IndiaBy Jagadish R. Raiyani, Assistant Professor, Geetanjali College, Saurashtra University, Rajkot, Gujarat

Derivatives are financial instruments/contracts whose value depends upon the value of an underlying. Since theirvalue is essentially derived out of an underlying, they are financial abstractions whose value is derived mathematicallyfrom the changes in the value of the underlying.

In recent years, complex financial products—such as asset-backed securities, derivatives, credit-default swaps(CDSs) and collateralised debt obligations (CDOs)—have proliferated in developed countries. These products havebecome highly popular with banks and financial institutions as they allow them to hedge their risks and manage theirfinancial resources more efficiently.

Although various structured products have enabled the transfer of risks and enhanced the liquidity of instruments,the recent turmoil in the US sub-prime mortgage market and related developments connected with complex derivativeshave also brought to the fore the risks posed by these instruments.

In India, financial products such as mortgage-backed securities (MBS) and asset-backed securities (ABS) are inexistence. Besides the securitised products, the Indian forex and rupee derivative markets have also developedsignificantly over the years. In its Annual Policy Statement for the year 2008-09, the Reserve Bank of India (RBI) announcedthe introduction of currency futures in the eligible exchanges for which the broad framework was announced inAugust 2008.

This book explains, in simple and lucid language, the basics of financial derivatives and their growth and role inthe Indian financial system.

CONTENTS1. Capital Market in India: An Overview – Introduction; Significance of Capital Market; Capital Market in the Pre-reforms Period; Securities andExchange Board of India (SEBI); Capital Market Reforms since 1991; Upgradation of Stock Exchanges; Corporatisation and Demutualisation of StockExchanges; Trading Infrastructure in Stock Exchanges; Free Pricing of Capital Issues; Depository System, Dematerialisation; Improvements in DisclosureNorms; Transparency and Efficiency; Shortening of Settlement Cycle; Redressal of Investors’ Grievances; Concluding Remarks.2. Basics of Derivatives Market – Emergence of Complex Financial Products; Meaning of Derivatives; Reasons for the Popularity of Derivatives; Variants(or Types) of Derivative Contracts; Participants in the Derivatives Market; Economic Role of Derivatives; History of Derivatives; International Experienceof Derivatives.3. Forwards, Futures and Options – Forwards/Forward Contracts; Futures/Future Contracts; Options; Pricing of Derivatives; Types of Orders.4. Evolution of Derivatives Market in India – Main Recommendations of L.C. Gupta Committee; Amendment of Securities Contract Regulation Act(SCRA); Membership of NSE for Derivative Segment; Requirements for Trading in Derivatives; SEBI Measures to Protect the Rights of Investors in theDerivatives Market; Recent Developments in the Derivatives Market; Portfolio Investment Flows: Global and Indian Experiences; Concluding Observations.5. Credit Derivatives in India – Forms of Credit Derivatives; Significance of Credit Derivatives; Benefits of Credit Derivatives; Risks Involved in CreditDerivatives; Credit Derivatives and Sub-prime Crisis of 2007; Credit Derivatives in India; Asset Securitisation.6. Traders and Trading System of Derivatives – Traders in Derivatives Market; Trading System; Order Types and Conditions; Market Watch; PlacingOrders on the Trading System; Eligibility Criteria for Securities/Indices Traded in F&O.7. Payment, Clearing and Settlement Systems in Indian Financial Markets – Need for a Sound Payment and Settlement System; Segments ofPayment System; Large Value Payment Systems; Retail Payment Systems; Reforms Pertaining to Clearing and Settlement; Central Counterparties;Government Securities Settlement System; Role of RBI in Payment and Settlement System.8. Clearing and Settlement System for Financial Derivatives – National Securities Clearing Corporation Limited (NSCCL); Settlement of InstitutionalDeals; Risk Management

Appendix: Financial Sector Reforms in India since 1991

Glossary of Derivatives-related Terms

Bibliography; Index

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Stock Market in India – Working and ReformsBy Saloni Gupta, Associate Professor, Department of Commerce, Bharati College, University of Delhi

A stock (or share) market deals mainly in corporate securities. The securities are chiefly in the form of equityshares and debentures. The function of the stock market is two-fold: (a) to arrange for the raising of new capital[primary market function] and (b) to provide liquidity to existing securities [secondary market function].

There are 24 recognised stock exchanges in India, including the Over the Counter Exchange of India (OTCEI) forsmall and new companies, the old established Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE)that was set up as a model exchange to provide nation-wide services to investors. As at end-March 2010, 4977 companieswere listed on the BSE, which is the largest exchange in the country. The number of securities available for tradingunder the equities segment at NSE as on April 30, 2010 was 1872.

Associated with the NSE are the National Securities Depository Ltd. (NSDL) and the National Securities ClearingCorporation Ltd. (NSCCL). The NSDL acts as a registrar for dematerialized securities and NSCCL as a clearing house.

This book provides a comprehensive account of the working of stock market in India, focusing on reformsintroduced during the post-liberalisation (1991 onwards) period. Besides, it traces recent trends in the secondarymarket and offers empirical evidence of level of efficiency and degree of volatility in the Indian stock market.

CONTENTS1. Stock Market: Theoretical Framework – Efficient Stock Market; Efficient Market Hypothesis (EMH); Information Setsand Classification of Market Efficiency...; 2. Review of Theoretical and Empirical Studies on Stock Market – Introduction;Tests for Return Predictability...; 3. Indian Stock Market: Reforms and Refinements – Introduction; Pre-Requisites ofEfficient Security Market; Secondary Market Reforms; Compilation of SENSEX and Later Refinements; Establishment of CRISIL; Establishment of SEBI;Setting up of OTCEI; Entry of Foreign Investment into India; Establishment of the NSEI...; 4. Secondary Securities Market: Recent Reforms – ShortSelling; Securities Lending and Borrowing (SLB); Introduction of DMA; Mandatory Requirement of PAN; Supervision of Branches of Depository Participants...;5. Secondary Securities Market: Recent Trends – Equity Market in India: 2009-10; Global Equity Markets; Performance of Sectoral Indices, 2008-10;Turnover in Indian Stock Market; Market Capitalisation; Stock Market Indicators; Volatility in Stock Markets; Trading Frequency...; 6. Evidence of WeakLevel Efficiency – Introduction; Serial Correlation Coefficient Test; Runs Test; Variance Ratio Test...; 7. Volatility and its Implications for Efficiency –Volatility: A Feature of Stock Markets; Measurement of Volatility of the Indian Stock Market...; 8. Conclusions, Explanations and Implications – Summaryof Evidences; Conclusions from the Evidences; Explanation of the Findings; Limitations of the Study...

Appendix I: Frequently Asked Questions on Dematerialisation; Appendix 2: Frequently Asked Questions on Equity and Currency Derivatives; Appendix 3:Frequently Asked Questions on Straight Through Processing (STP)

Glossary of Capital Market Terms; Bibliography; Index



ISBN: 978-81-7708-241-8

Price: Rs. 780

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Financial Ratios and Financial Statement AnalysisBy Jagadish R. Raiyani, Assistant Professor of Commerce, Geetanjali College, Saurashtra University, Rajkot, Gujarat andR. B. Bhatasna, Associate Professor, Department of Commerce, Smt. M.T. Dhamsania College, Rajkot, Gujarat

The focus of financial analysis is on key figures in the financial statements and the significant relationship thatexists between them. The analysis of financial statement is a process of evaluating the relationship between componentparts of financial statements to obtain a better understanding of the position and performance of a firm. The first taskof the financial analyst is to select the information relevant to the decision under consideration from the total informationcontained in the financial statements. The second step is to arrange the information in a way to highlight significantrelationships. The final step is interpretation and drawing of inferences and conclusions. In brief, financial analysis is theprocess of selection, relation and evaluation.

Keeping all this in view, the present book is devoted to an in-depth analysis of financial statements and its usefor decision-making by various parties interested in them. The focus of the book is on ratio analysis which is the mostwidely used technique of financial statement analysis.

CONTENTS1. Ratio as Aid to Management – Meaning of Ratio Analysis; Significance and Limitations of Quantitative Approachto Management; Usage of Ratios vis-à-vis Other Techniques; Summary.2. Ratio Pyramid – The Pyramidical Structure; The Primary Ratio; Secondary Ratios; Tertiary Ratios; Subordinate Ratios;Descendant Ratios; The Size of the Pyramid; Partial versus Total View of the Situation; Summary.3. Financial Management Ratios – Liquidity Ratios; Activity/Turnover Ratios; Solvency/Leverage Ratios; ProfitabilityRatios; Valuation Ratios; Summary.4. Economic Value Added (EVA) Based Performance Measurement – Goals of Financial Management; What is EVA?; Defining Shareholder's Value andWealth Creation; Calculation of EVA; Benefits of EVA for Banks; Limitations of Traditional Methods; EVA a Superior Performance Measure.5. Performance Evaluation of Select Banks by Camel Model – Introduction; Objectives; Hypothesis for the Research; Scope of the Study and DataCollection; Review of Literature; Capital Adequacy Analysis.

Bibliography; Index

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Non-banking Financial Companies (NBFCs) in India –Functioning and ReformsBy Jafor Ali Akhan, Reader in Commerce, Kabi Nazrul College, (University of Burdwan), West Bengal

Non-banking financial companies (NBFCs) constitute a heterogeneous lot of privately-owned, small-sized financialintermediaries which provide a variety of services including equipment leasing, hire purchase, loans, investments andchit fund activities. These companies play an important role in providing credit to the unorganised sector and to thesmall borrowers at the local level. Hire purchase finance is by far the largest activity of NBFCs.

NBFCs have been the subject of focussed attention since the early 1990s. The rapid growth of NBFCs has led toa gradual blurring of dividing lines between banks and NBFCs, with the exception of the exclusive privilege thatcommercial banks exercise in the issuance of cheques.

NBFCs are widely dispersed across the country and their management exhibits varied degrees of professionalism.Furthermore, the depositors have varied degrees of perceptions regarding safety of their deposits while making aninvestment decision.

This book provides an exhaustive account of the functioning of and recent reforms pertaining to NBFCs in India.It also includes an all-India list (as on January 15, 2010) of 314 NBFCs which have been issued certificates of registrationby the Reserve Bank of India to hold/accept deposits from public.

CONTENTS1. Financial Intermediaries in India – Commercial Banks; Regional Rural Banks; Co-operative Banks; DevelopmentFinance Institutions (DFIs); Non-banking Financial Companies (NBFCs); Mutual Funds; Insurance Services.2. NBFCs in India: An Overview – Meaning and Importance of NBFCs; NBFCs in Insurance Business; Residuary Non-Banking Company (RNBC); EquipmentLeasing Companies; Hire Purchase Finance Company; Housing Finance Companies; Reasons for Popularity of NBFCs with the Customers; Sources ofFunds of NBFCs; Policy Initiatives Regarding NBFCs in Recent Years.3. Regulation and Supervision of NBFCs – Working Group on Financial Companies, 1992; Khanna Committee, 1995; Reserve Bank of India (Amendment)Act, 1997; C.M. Vasudev Task Force; Supervisory Framework for NBFCs; Regulations over NBFCs Accepting Public; Deposits; Residual Non-banking Companies(RNBCs); Mutual Benefit Financial Companies; Miscellaneous Non-Banking Companies (MNBCs); NBFCs in Insurance Business; Merger/Amalgamation ofNBFCs; Know Your Customer (KYC) Guidelines.4. Prudential Norms for NBFCs – A.C. Shah Working Group; New Directions on Prudential Norms; Valuation Norms; Income Recognition; Classificationof Assets; Provisioning Requirements; Capital Adequacy Requirements; Credit and Investment Concentration; Prohibition on Loans and Investments;Accounting Standards.5. Credit Rating of NBFCs – Credit Ratings: Introduction; Process of Credit Rating; Benefits of Credit Rating; Credit Rating as a Control Device for NBFCs.6. Audit Procedures for NBFCs – Audit of NBFCs; Duties of Auditor; NBFCS Auditors Report (RBI) Directions, 1998; Matters of Auditor's Report; SpecialAudit and Inspection of NBFCs; Objectives of Special Audit and Inspection; New Dimensions of Special Audit.7. Asset-Liability Management (ALM) System for NBFCs – Introduction; Three Pillars of ALM; Liquidity Risk Management; Interest Rate Risk (IRR)Management.8. Treatment of NBFCs under General Law – Income Tax Act, 1961; Companies Act, 1956; Foreign Exchange Management Act, 2000; Indian ContractAct, 1872; Transfer of Property Act, 1882; Indian Registration Act, 1908; Indian Sale of Goods Act, 1930; Indian Easement Act, 1882; Indian Stamp Act, 1899;The Limitation Act, 1930; The Arbitration and Conciliation Act, 1996; Sales Tax Legislation; Co-Operative Societies Act, 1932; Indian Trust Act, 1882; ForeignTrade (Development and Regulation) Act, 1992.9. NBFCs: Global Experiences – United Kingdom (UK); United States of America (USA); France; Australia; Singapore; Hong Kong; Indonesia; Thailand; Malaysia.

Appendix 1: India's Financial System and Recent Reforms

Appendix 2: Answers to Frequently Asked Questions about Non-banking Financial Companies (NBFCs)

Appendix 3: City-wise all-India List of NBFCs

Bibliography, Index



ISBN: 978-81-7708-229-6

Price: Rs. 570

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FINANCIAL SECTOR OF INDIA — EMERGING CHALLENGESEdited by R.K. Uppal

17 years of financial reforms in India have created afairly sound framework for higher growth and integrationwith the world economy. Though the task is by no meanscomplete, the groundwork that has been laid will allow usto move rapidly towards the financial architecture that isappropriate for a country of India’s size and aspirations.

Financial markets and institutions need to evolveconsiderably in order to keep up with the requirements ofIndian firms and Indian investors in coming years. Thecorporate bond market is moribund and will have to berevived and a number of missing markets will have to becreated, including exchange traded interest rate and foreignexchange derivatives contracts.

This book contains 14 papers, authored by scholars inthe field, which deal with various dimensions of emergingfinancial scenario in India. The book is topical and useful for a cross-section ofreadership.

September 2008

Pages: 252

Hardbound

5¾ x 9

978-81-7708-188-6

Price: Rs. 640

DICTIONARY OF BANKING AND FINANCE(Including a Glossary of E-banking Terms)Prepared by the Research Wing of New CenturyPublications

A Note on the DictionaryFinance is the life blood of a modern economy.

Banking system, as an integral part of thefinancial sector, is the linchpin of anydevelopment strategy. Banking system, alongwith other constituents of the financial sector,helps to mobilise financial surpluses of aneconomy and transfers them to areas of financialdeficit. It promotes savings by providing a widevariety of financial assets to the general public.Savings collected from the household sector arepooled together and allocated to various sectorsof the economy for raising production levels. Ifthe allocation of credit is judicious and sociallyequitable, it can help achieve the twin objectives of growth andsocial justice.

July 2008

Pages: 272

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978-81-7708-166-4

Price: Rs. 585


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Monetary and Credit Management in IndiaBy Anup Chatterjee, Associate Professor, Department of Economics, A.R.S.D. College, University of Delhi

Price stability and availability of sufficient credit for productive purposes have all along remained the twin objectivesof monetary policy in India. The monetary policy reforms since 1991 have hinged on easing fiscal constraints. The firstimportant step was introduction of an auction system for the Central Government’s market borrowings in June 1992.This enabled an increasing proportion of the fiscal deficit to be financed by borrowings at market-related rates ofinterest. This, in turn, enabled the Reserve Bank of India (RBI) to scale down the Statutory Liquidity Ratio (SLR) to thetargeted statutory minimum level of 25.0 percent by October 1997.

The second significant step was the historic accord between the Government and the RBI in September 1994,eliminating the automatic monetisation of the Centre’s fiscal deficit by gradually phasing out ad hocs by April 1997.A system of ways and means advances (WMA) to the Central Government, subject to mutually agreed limits at market-related rates, was put in place instead to meet mismatches in cash flows.

Credit policy is a powerful instrument for securing the desired economic results. Credit control can exercise ahealthy restraining influence on speculation and can assist in bringing about a better balance between aggregatedemand and aggregate supply.

RBI has largely been successful in bringing the organised sector of the money market well under its control. RBIis also playing a more active role in the provision of rural finance and is devoting special attention to the problem ofpromoting banking development in parts of the country in which it has hitherto been lacking. These developmentshave strengthened the credit system materially.

This book deals with various dimensions of monetary and credit management in India, focusing on post-liberalisation (1991 onward) period.

CONTENTS1. Money and Monetary Management by Central Banks – Meaning of Money; Fiat Money versus Fiduciary Money; Electronic Money (E-Money);Functions of Money; Monetary Management by Central Banks; Monetary Policy Objectives; Monetary Policy versus Fiscal Policy; Globalisation andMonetary Policy.2. Monetary Management by Reserve Bank of India – Establishment and Early History of RBI; Pre-Independence Activities of RBI; Functions of RBI; Post-Independence Review of the Role and Responsibilities of RBI; Post-1991 Reforms and Responsibilities of RBI; Measures of Money Supply in India; MonetaryPolicy Objectives; Monetary Transmission Mechanism; Independence and Accountability of the RBI; Monetary Policy-Fiscal Policy Interface in India; Conclusion.3. Monetary Policy and Prices – Relationship between Money and Prices; Definition and Measurement of Price Rise; Need to Monitor and ModeratePrice Rise; Causes of Price Rise; Effects of Price Rise; Determinants of Price Policy; Constituents of Price Policy; Role of Buffer Stock Operations; Historyof Price Controls in India; Price Stability as an Objective of Monetary Policy in India; Price Policy of the Government; Fiscal Deficits, Monetary Expansionand Price Rise; Conclusion.4. Monetary Policy Reforms Since 1991 – Economic Reforms and Monetary Management; Constituents of Monetary Reforms; Introduction of LiquidityAdjustment Facility (LAF); Changing Monetary Policy Paradigm in India; Recent Challenges; Operating Procedures of Monetary Policy; External SectorOpenness and Conduct of Monetary Policy; Monetary Policy Assessment.5. Credit Institutions in India – Significance of Credit; Institutional Structure of Credit Market in India; Commercial Banks; Regional Rural Banks (RRBs);Development Finance Institutions (DFIs); Non-banking Financial Companies (NBFCs); Co-operative Banks.6. Credit Policy Developments in India – Allocation of Credit; Credit Market Reforms; Flow of Credit to Agriculture and Allied Activities; Credit Flowto Micro, Small, and Medium Enterprises (MSMEs); Credit to Export Sector; Expert Group on Credit-Deposit Ratio, 2005.7. Public Debt Management in India – Rationale for Government Borrowings; Constitutional Provisions Pertaining to Public Borrowings in India;Instruments of Government Borrowings in India; Reserve Bank of India as Debt Manager of the Government; Recent Trends in Central GovernmentLiabilities; Separation of Debt Management from Monetary Management; Indebtedness of States; Management of Market Borrowings by StateGovernments; Thirteenth Finance Commission on Public Debt.

Bibliography; Index



ISBN: 978-81-7708-234-0

Price: Rs. 685

new

2008 • Pages: 282

5¾ x 9

Hardbound

978-81-7708-174-9

Price: Rs. 575

INDIAN BANKING IN THE GLOBALISED WORLDBy R.K. Uppal

Banking sector reforms in India are aimed at induction ofbest international practices and technological changes forcompeting globally. The Reserve Bank of India (RBI) has timeand again emphasised transparency, diversification ofownership and strong corporate governance to mitigate theprospects of systemic risks in the banking sector. Bankingsector reforms have supported the transition of the Indianeconomy to a higher growth path, while significantlyimproving the stability of the financial system. In comparisonwith the pre-reform period, the Indian banking system todayis more stable and efficient.

Vital statistics regarding the Indian banking sector andthe recent Annual Policy Statement, 2008-09 of the RBI hasalso been discussed.

2007 • Pages: 552

Hardbound

7½ x 9¾

978-81-7708-136-7

Price: Rs. 1660

BANKING AND FINANCIAL MARKETS ININDIA — 1947 TO 2007By Niti Bhasin

Financial sector of an economy is a multi-facetedterm. It refers to the whole gamut of legal andinstitutional arrangements, financialintermediaries, markets and instruments with bothdomestic and external dimensions. Finance is thelife blood of a modern economy.

The present book explains and examines at lengththe changes which have swept India’s financialsector over the last 60 years since Independence,with focus on post-1991 period. The book isorganised into 9 parts, each part containingchapters/information relevant to the theme of that part.

Prices / Monetary and Credit Policy


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7½ x 9¾ • ISBN: 978-81-7708-245-6

Price: Rs. 1690

newIndia: Sixty Years of Planned Economic Development –1950 to 2010By M.M. Sury, President, Indian Tax Foundation (ITF), New Delhi. (Formerly, Senior Reader in Economics, University ofDelhi, Delhi)Vibha Mathur, Associate Professor, Department of Commerce, Jesus and Mary College, University of Delhi, Delhi

The resource base of a country consists of (a) human resources, (b) non-renewable resources which are anendowment of nature and whose total size gets depleted with time and (c) renewable resources which can becontinuously created and whose base can be expanded through human efforts.

Economic planning is concerned with the effective and optimal utilisation of the potential resources of aneconomy. This is particularly so in the context of underdeveloped countries which are striving to raise the standardof living of the masses. In fact, planning is a process aiming not merely at the best utilisation of material resourcesbut also at the development of human faculties and institutional framework suitable to the needs and aspirationsof the people.

The establishment of Planning Commission in 1950 heralded a new era in the economic history of India. Itmakes an assessment of the material, capital and human resources of the country, including technical personnel,and investigates the possibilities of augmenting such of these resources as are found to be deficient in relationto the nation’s requirements. It, then, formulates a Plan for the most effective and balanced utilisation of thecountry’s resources. India’s First Five Year Plan was launched on April 1, 1951. Since then, ten Five Year Plans havebeen completed and the Eleventh Five Year Plan (2007-08 to 2011-12) is underway.

Part I of the book deals with human and natural resources of India, principles of economic planning, institutional framework of economic planningin India, and assessment of India’s experience with economic planning.

Part II provides summary of each Five Year Plan (First Plan to Eleventh Plan) under the following 13 common theme headings:1. Plan at a Glance.2. Agriculture and Rural Development.3. Industry and Infrastructure.4. Mineral Resources.5. Electricity and Other Renewable Energy Sources.6. Urban Development and Housing.7. Transport and Communications.8. Employment and Labour Welfare.9. Health, Family Planning and Nutrition.10. Education, Training and Skill Formation.11. Science and Technology.12. Social Welfare.13. Balanced Regional Development.Part III contains sector-wise time-series statistics on the Indian economy from 1950-51 to 2009-10.Part IV of the book comprises glossary of economic planning and a list of English equivalents of select Hindi terms used in Plan Documents.

CONTENTS

Part I: Resources and Economic Planning in India

1. Human and Natural Resources of India – Magnitude and Quality of Population; Land Resources; Water Resources; Forest Resources; Mineral Resources.2. Principles of Economic Planning – Determinants of Economic Development; Nature of Democratic Planning and the Role of State; Objectives,Strategies and Priorities in Planning; Problem of Resources; Some Essential Conditions for Successful Planning; Perspective (Long-range) Planning.3. Institutional Framework of Economic Planning in India – Economic Planning: Pre-Independence Thinking; Economic Planning: ConstitutionalProvisions; Establishment of the Planning Commission; Establishment of National Development Council (NDC); Objectives of Economic Planning in India;Financing of the Plan; Transfer of Resources through the Planning Commission; Centrally Sponsored Schemes; Size and Pattern of Central Transfers.4. Assessment of India’s Experience with Economic Planning – Achievements of Economic Planning; Failures of Economic Planning; Conclusion.

Part II: Summary of Each Five Year Plan(First Plan to Eleventh Plan)

5. First Five Year Plan: 1951-52 to 1955-56 – Plan at a Glance; Agriculture and Rural Development; Industry and Infrastructure; Mineral Resources;Electricity and Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employment and Labour Welfare;Health, Family Planning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.6. Second Five Year Plan: 1956-57 to 1960-61 – ...Agriculture and Rural Development; Industry and Infrastructure; Mineral Resources; Electricity andOther Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employment and Labour Welfare; Health, FamilyPlanning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.7. Third Five Year Plan: 1961-62 to 1965-66 – ...Industry and Infrastructure; Mineral Resources; Electricity and Other Renewable Energy Sources; UrbanDevelopment and Housing; Transport and Communications; Employment and Labour Welfare; Health, Family Planning and Nutrition; Education, Trainingand Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.8. Fourth Five Year Plan: 1969-70 to 1973-74 – ...Mineral Resources; Electricity and Other Renewable Energy Sources; Urban Development andHousing; Transport and Communications; Employment and Labour Welfare; Health, Family Planning and Nutrition; Education, Training and Skill Formation;Science and Technology; Social Welfare; Balanced Regional Development.9. Fifth Five Year Plan: 1974-75 to 1978-79 – ...Urban Development and Housing; Agriculture and Rural Development; Industry and Infrastructure;Mineral Resources; Electricity and Other Renewable Energy Sources; Transport and Communications; Employment and Labour Welfare; Health, FamilyPlanning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.10. Sixth Five Year Plan: 1980-81 to 1984-85 – Social Welfare; Balanced Regional Development; Industry and Infrastructure; Mineral Resources; Electricityand Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employment and Labour Welfare; Health,Family Planning and Nutrition; Education, Training and Skill Formation; Science and Technology...

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ISBN: 978-81-7708-236-4

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Human and Natural Resources of IndiaBy K. Narindar Jetli, formerly, GM (HRD), Jaquar & Co. Ltd., New Delhi

The resource base of a country consists of (a) human resources, (b) non-renewable resources which are an endowmentof nature and whose total size gets depleted with time and (c) renewable resources which can be continuously createdand whose base can be expanded through human efforts.

The Planning Commission—set up in March 1950 by a resolution of the Government of India—makes an assessmentof the material, capital and human resources of the country, including technical personnel, and investigates the possibilitiesof augmenting such of these resources as are found to be deficient in relation to the nation’s requirements. Further, itformulates a Plan for the most effective and balanced utilisation of the country’s resources.

The objective of planning is to raise the standard of living of the people as a whole. The attainment of thisobjective involves the development on scientific lines of the nation’s human and natural resources.

National Development Council (NDC)—set up in August 1952—reviews the working of the National Plan fromtime to time, considers important questions of social and economic policy affecting national development andrecommends measures for the achievement of the aims and targets of the National Plan.

NDC, being the apex body for economic matters, takes all final decisions as regards the size, contents, objectives,and strategies of the Plan. The Planning Commission functions as an advisory body to NDC.

This book provides a vivid account of the various dimensions of human and natural resources of India and the issuesassociated with their utilization.

CONTENTS

Part I: Human Resources: Magnitude, Quality and Deployment

1. Demographic Trends and Policy – Socio-economic Profile of India; Pre-Independence Demographic Trends; Post-Independence Demographic Trends;Characteristics of India’s Population; Population as a Retarding Factor in Development; Population Policy; Measures to Control Population; Conclusion.2. Work Force Participation and Occupational Structure – Work Force Participation; Occupational Structure.3. Nature and Extent of Unemployment – Nature of Unemployment in India; Causes of Unemployment; Three Approaches to Estimates of Unemployment;Extent of Unemployment.4. Employment-generating Policies and Programmes – National Rural Employment Guarantee Act; Sampoorna Grameen Rozgar Yojana (SGRY);Swarnjayanti Gram Swarozgar Yojana (SGSY); Prime Minister Employment Generation Programme (PMEGP); Sectoral Policies for Employment Generation.

Part II: Human Development and Social Security

5. Poverty and Poverty Alleviation Programmes – Human Development Indicators; Millennium Development Goals: Deadline 2015; Social Security in India’sConstitution; The Problem of Poverty; Incidence of Poverty; Causes of Poverty; Poverty Alleviation and Employment Generation Programmes; Conclusion.6. Health, Family Welfare and Nutrition – Introduction; World Health Assembly, 1977; Health Indices of India and Selected Asian Countries; Trends inHealth Care in India; Health Indices in Rural and Urban India; Primary Health Care; Incidence of Major Diseases in India; Major Public Health Programmesin India; Shortcomings of the Public Health System; National Health Policy, 2002; Growth of Private Sector in Health Care; Health Insurance; NationalUrban Health Mission (NUHM); National Rural Health Mission (NRHM); Sarva Swasthya Abhiyan (SSA); Janani Suraksha Yojana (JSY); Health Education;Medical Value Travel in India; Indian Medical Professionals in Foreign Countries; Issues in Health Care Sector; Family Planning and Welfare; NutritionSupport; Towards e-Health; Time-bound Goals of the Eleventh Five Year Plan; Conclusion.7. Education, Training and Skill Formation – Trends in Literacy Rates and Recent Initiatives; Elementary Education; Secondary and Vocational Education;Higher and Technical Education; Adult Education; Conclusion.8. Empowerment of Socially Disadvantaged Groups – Introduction; Scheduled Castes (SCs); Scheduled Tribes (STs); Other Backward Classes (OBCs);De-notified Nomadic and Semi-nomadic Tribes; Minorities; Persons with Disabilities; Older Persons; Social Deviants; Beggars; Right to Maintenance.

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11. Seventh Five Year Plan: 1985-86 to 1989-90 – ...Health, Family Planning and Nutrition; Agriculture and Rural Development; Industry and Infrastructure;Mineral Resources; Electricity and Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employmentand Labour Welfare; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.12. Eighth Five Year Plan: 1992-93 to 1996-97 – Plan at a Glance; Agriculture and Rural Development; Industry and Infrastructure; Mineral Resources;Electricity and Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employment and Labour Welfare;Health, Family Planning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.13. Ninth Five Year Plan: 1997-98 to 2001-2002 – ...Education, Training and Skill Formation; Agriculture and Rural Development; Industry andInfrastructure; Mineral Resources; Electricity and Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications;Employment and Labour Welfare; Health, Family Planning and Nutrition; Science and Technology; Social Welfare; Balanced Regional Development.14. Tenth Five Year Plan: 2002-03 to 2006-07 – ...Transport and Communications; Agriculture and Rural Development; Industry and Infrastructure;Mineral Resources; Electricity and Other Renewable Energy Sources; Urban Development and Housing; Employment and Labour Welfare; Health, FamilyPlanning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.15. Eleventh Five Year Plan: 2007-08 to 2011-12 – Plan at a Glance; Agriculture and Rural Development; Industry and Infrastructure; Mineral Resources;Electricity and Other Renewable Energy Sources; Urban Development and Housing; Transport and Communications; Employment and Labour Welfare;Health, Family Planning and Nutrition; Education, Training and Skill Formation; Science and Technology; Social Welfare; Balanced Regional Development.

Part III: Statistics on the Indian Economy: 1950-51 to 2009-10

National Income, Savings and Growth Rates; Agriculture; Industry; Government Finances; Money and Prices; Finance and Banking; Employmentand Labour; Foreign Trade.

Part IV: Glossary of Economic Planning and List of English Equivalents of Select Hindi Terms Used in Plan Documents

Glossary of Economic Planning; List of English Equivalents of Select Hindi Terms Used in Plan Documents.

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Part III: Natural Resources

9. Land Resources – Use Distribution of India’s Geographical Area; Declining Per Capita Availability of Land; Cropping Pattern; Land and Water Relationship;Land Pollution and Land Degradation; Development of Wastelands; Conclusion.10. Water Resources – Constitutional Provisions; Rivers of India; Rainfall in India; Underground Water; Water Resources Potential; Utilization of Water;Water Pollution; Climate Change and Uncertainty in Water Availability; Future Requirements of Water; Water Crisis Scenario; Conclusion.11. Forest Resources – Importance of Forests; Constitutional Provisions Regarding Forests; Important Legislations Pertaining to Forests; Present Statusof Forests in India; Protected Areas; Reasons for Unsatisfactory State of Forests; Forest Policy of the Government; Joint Forest Management; Agro-forestry;Social Forestry; Forestry Institutions in India; Forest Administration in India; Forest Cover Target of the Eleventh Five Year Plan.12. Mineral Resources – Mineral Wealth of India; Profiling of Important Minerals; Mines and Minerals (Development and Regulation) Act, 1957; OffshoreAreas Mineral (Development and Regulation) Act, 2002; High Level Committee on National Mineral Policy, 2006; Why is Mining Sector Investment Shy?;Mineral Development and Environmental Protection; Tenth Five Year Plan (2002-07) on Mineral Sector Policy; Mineral Sector Objectives of Eleventh FiveYear Plan (2007-12); Indian Mineral Scenario, 2009-2010; Conclusion.13. Natural Ecosystems – India’s Rich Ecosystems Heritage; Animal and Plant Diversity; Marine Ecosystems; Biosphere Reserves.

Bibliography; Index

International Trade and Economic Co-operation –India’s Approach and PerspectivesBy Gautam Murthy, Professor of Economics, Centre for Indian Ocean Studies, Osmania University, Hyderabad

India’s geo-economics has undergone drastic changes after the initiation of economic reforms in the early 1990s.Prior to economic reforms, India had adopted a very cautious and guarded approach to regionalism.

Trade and economic co-operation with the countries of the world requires building up of shared infrastructure.Many Asian countries have joined together to develop cross-border infrastructure to lay the foundations for closertrading relationships and increased connectivity among countries.

Recognising that Regional Trade Agreements (RTAs) would continue to feature prominently in world trade, Indiahas started engaging with its trading partners/blocks with the intention of expanding its export market and concludingtrade and technology agreements and moving, in some cases, even towards Comprehensive Economic CooperationAgreements (CECAs) which cover Free Trade Agreement (FTA) in goods, services, investments and identified areas ofeconomic cooperation.

RTAs are an integral part of India’s foreign trade policy, complementing the multilateral trading system. This bookprovides deep insights into India’s trade and economic relations with regional groupings/blocks.

CONTENTS1. India-ASEAN Relations: Historical Perspectives and Looking Ahead – Introduction; Territorial Ambit of Asia;Regional Co-operation and Integration; Asian Regional Organizations India-ASEAN Linkages: Chronology; India-ASEANFTA (Free Trade Area); India and South East Asia: Civilizational Perspectives; India and ASEAN: Geo-political Realities;India-ASEAN: Economic Dimensions; Geo-economics of Indo-ASEAN Engagement; India-ASEAN Co-operation in Emerging Area; India-ASEAN TransportationLinkages; India-ASEAN: Human Resource Development (HRD); India-ASEAN: Synergies and the Way Ahead.2. India and Australia: Beneficial Bilateralism – Background; Indo-Australian Bilateral Engagement: An Overview; Indian-Australian Economies: AnUpdate; Bilateral Trade; Some Observations on Indo-Australian Trade; Investment-based Co-operation; Indo-Aussie Business Ties; Wrap-up.3. Indo-Malaysian Ties: New Synergies – Malaysian Economy; Malaysian Foreign Trade Structure and Trade Policy; Indo-Malaysian Trade; Joint Venturesand Investment-Based Cooperation; Andhra Pradesh and Malaysia; Observations on Indo-Malaysian Cooperation.4. India and Singapore: Trade and Economic Co-operation – Introduction; Singapore Economy; Trade Performance and Policy Options; InvestmentClimate and Policies; India-Singapore Trade Relations; Investment Patterns; India-Singapore Comprehensive Economic Cooperation Agreement (CECA):Key Provisions; Conclusions.5. India and Asia-Pacific Economic Co-operation (APEC) Forum – Background; Divisive Issues in APEC; Open Regionalism; Osaka Declaration; India’sStanding in APEC; India’s Trade and Economic Cooperation with Individual APEC Countries; Political Relations between India and the APEC Countries;Conclusions.6. Sino-Indian Economic Relations – China’s Amazing Economic Success; Strengths of China; Weaknesses of China; Strengths of India; Weaknesses ofIndia; India and China: Similarities and Dissimilarities.7. Regional Co-operation in South Asia: Prognosis and Prospects – Background; SAARC Charter; New Delhi Summit; SAPTA (SAARC PreferentialTrading Area); An Assessment of SAARC.8. Pakistan, India and the SAARC – Pakistan and SAARC; SAFTA and Economic Integration; Pros and Cons of South Asian Integration.9. India and the Indian Ocean Rim Association for Regional Co-operation (IOR-ARC) – Background; Open Regionalism; IOR-ARC Agenda.10. India’s Globalization Prognosis and Prospects – Introduction; India’s Open-skies Policy; Autarkic Past of India; Preamble to New Economic Policy;Aspects of Economic Globalization; Looking Ahead; Conclusions.11. World Trade Organization (WTO) and the Uruguay Round – Introduction; Dunkel Proposals; Intellectual Property Rights; Indian Position on GATT;Third World Perspectives; Options for India; GATT and WTO; WTO–GATT Rounds and Ministerial Conferences; WTO Agreement; WTO: Sub-clauses ofAgreement; India and the WTO.12. India and the European Union (EU): Shared Values and Future Directions – EU: World’s Most Successful Regional Organization; India-EU Relations;Indo-EU Trade.13. Resurgent India: Forging Ahead – Commitment to Democracy; Technology Upgradation; Reorientation of the Role of State; Liberalization All theWay; Success Story of IT Sector; India and China.

Appendix: Regional Trade Agreements (RTAs) of India at a Glance; Index



ISBN: 978-81-7708-246-3

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Indian Agriculture / WTO

Indian Agriculture and Information and CommunicationsTechnology (ICT)Edited by M. Hilaria Soundari, Assistant Professor, Department of Applied Research, Gandhigram Rural Institute,Gandhigram, Tamil Nadu

Farming is both a way of life and the principal means of livelihood for 65 percent of India’s population of 110crore. In spite of huge government machinery, Indian farmers still suffer from the absence of right information at therequired time. The farmers require timely information on weather conditions, sowing time, availability of inputs includingcredit, expert advice on maintaining the crop in healthy condition, information on markets and other areas of interestto them and their families. In spite of the best efforts and expenditure, the conventional apparatus has not been ableto deliver the goods satisfactorily. Herein lies the role of Information and Communications Technology (ICT) which canefficiently address the concerns of farmers stationed even at remote locations of the country. Low literacy levels, costof computers, poor communications infrastructure make it impossible for individual farmers, particularly small farmers,to directly adopt ICT. This calls for institutional efforts to provide ICT-based services to farmers.

The present volume contains 11 well-researched papers by scholars in the field which provide deep insights intothe various dimensions of the application of ICT in agriculture.

CONTENTS1. Introduction – M. Hilaria Soundari2. Village Knowledge Centres (VKCs) and Open/Distance Learning – K. Balasubramanian3. ICT and Sustainable Agriculture Development – R. Meenakshi and J. Gayathri4. Social Transformation through ICT – A. Thomas and M.A. Sudhir5. Interactive Multimedia and Farm Women – Ramasubramanian. M, Sujhi. G, Rathakrishnan. T, and Anandaraja. N6. Digitalization of Indigenous Technical Knowledge (ITK) for Farming Community – Suganthi N.S, Poonthenmozhi. S, Rathakrishnan. T, Anandaraja.N and Ramasubramanian. M7. Village Knowledge Centres (VKCs) and Agricultural Productivity – Samwel Kakuko Lopoyetum, K. Rakes Sarma and Rangamlian Aimol8. Web-Education and Farmers: An Experimental Study – P. Mooventhan and H. Philip9. Knowledge Mission 2007 and Rural Farm Women – A. Thomas William and G. Albin Joseph10. Land Use Pattern in Tamil Nadu – P. Mary Elizabeth11. Computerization and E-Governance in Dairy Co-operative Marketing Organizations – Samwel Kakuko Lopoyetum

Appendix: National Policy for Farmers, 2007; Index

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ISBN: 978-81-7708-254-8

Price: Rs. 590

WTO, Globalization and Indian AgricultureEdited by Mohd. Iqbal Ali, Vice-Chancellor, Satavahana University, Karimnagar, Andhra Pradesh and G. Bhaskar, Head,Department of Economics, Kakatiya University, Warangal, Andhra Pradesh

The creation of WTO in 1995 and the globalization trends of the recent past have impacted the worldeconomies—particularly those of developing countries—immensely. Countries worldwide are reshaping their economicand trade policies to meet the challenges of new rules of trade under WTO and intense competition unleashed by theforces of globalization. The changed economic milieu has affected the Indian economy—more so the agriculturalsector—in several ways. The stagnating Indian agriculture has aggravated the urgency for debate on how to meet thechallenges of new rules of the game under WTO and globalization.

This book contains 11 research papers—contributed by experts in the field—which provide deep insights intothe various dimensions of the impact of new world economic order on agriculture in India.

CONTENTS1. WTO and Indian Agriculture – G. Bhaskar2. Indian Agriculture in the Context of Globalization – S. Vijay Kumar3. GATT, WTO and Challenges to Indian Agriculture – M. Sundara Rao and D. Venkata Rao4. Women Participation in Indian Agriculture – K. Harathi and B. Deepthi Nanada5. Globalization and the Changing Role of Women in Agriculture – P. Mercy Kumari, K. Mahendra Kumar and B.S.Rao6. Some Reflections on Globalization and Indian Agriculture – G. Mallikarjun and Mohd. Iqbal Ali7. Global Perspective of Indian Agriculture – N.T.K. Naik, G. Rama Krishna and K. Chinna Venkata Swamy8. Economic Reforms and Indian Agriculture – K. Mohan Reddy, M. Vara Prasad and K. Ugandhar9. WTO, Intellectual Property Rights (IPRs), and Agriculture – Gajavelli V S and Sohil Vakharia10. Agriculture in India: Impact of Globalization – Pulla Srinivas, B Netajee and M Narasimharao11. Special Economic Zones (SEZs) and Indian Agriculture – P. Sambaiah

Appendix: Eleventh Five Year Plan (2007-12) on Agriculture and Allied Activities

Index

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ISBN: 978-81-7708-264-7

Price: Rs. 545


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Global Recession and Indian Economic DevelopmentEdited by S. Asokkumar, Head, Department of Management Studies, Gnanamani Institute of Management Namakkal,Tamil Nadu, India

In its publication World Economic Outlook (October 2008), the IMF placed the estimated world output growth at 3.9percent in 2008 which represented a significant slide from a level of about 5.0 percent in 2006 and 2007. By earlyNovember, the IMF had revised its forecast for global growth downwards¾from 3.9 percent to 3.7 percent for 2008, andfrom 3.0 percent to 2.2 percent for 2009.

Several countries, notably US, UK, Euro Area and Japan are all officially in recession. Confidence in global creditmarkets continues to be low, and credit lines remain clogged. The tight and hesitant conditions in the credit markets areprecipitating erosion of demand which, in turn, is feeding a recession–deflation vicious cycle. Central banks around theworld are responding to the developments by aggressive and unconventional injection of liquidity, monetary easing andrelaxation of collateral norms and eligibility criteria for their lending to financial institutions.

The recent developments suggest that impact is likely to be more protracted and deeper than envisaged by the IMF.In an increasingly globalised economic milieu, these external developments have a major impact on world economy, includingthe emerging market economies and developing countries through both direct and indirect transmission channels.

The present work contains 18 papers contributed by scholars on the subject who have analysed the repercussionsof the global downturn on the growth prospects of the Indian economy.

CONTENTS1. Global Recession and the Banking Sector – Venkatesh. J and S. Preethi Sharmila; 2. Global Recession and IndianBanking Industry – R. Vijayakumar and C. Radhapriya; 3. Banking Regulations, Liquidity and Inflation during FinancialCrisis – A. Ramachandran and B. Somanadevi Thiagarajan; 4. Foreign Direct Investment (FDI) and the Indian Economy– K. Thamizhselvan and A. Elavarasan; 5. Impact of Global Recession on India – R. Manimekalai; 6. Global Recession and Indian Insurance Sector – B.Nirmala Devi and P. Marishkumar; 7. Global Recession and Foreign Direct Investment (FDI) in India – R. Muthusamy; 8. Global Recession and TradeFinancing – C. Natarajan, V. Sathiya and A. Jayaseelan; 9. Global Downturn and Indian Retail Industry – A. Ashok Kumar and G. Aarthana; 10. HumanResources Management (HRM) in the Context of Global Meltdown – Venkatesh. J and Vivekanandan. K; 11. Global Financial Crisis and Quality of WorkLife (QWL) of Employees – P. Mohanraj, N. Yogaraj and M. Rathinasamy; 12. Global Recession: A Good Deal for Indian Business Process Outsourcing(BPO) – S. Asha Parvin and Delphin Jemila; 13. Success Factors in Enterprise Resource Planning (ERP) – Arun Korath and Venkatesh. J; 14. GlobalRecession and Indian Textile Industry – P. Mohanraj and R. Thianeshwaran; 15. Global Recession and Automobile Industry – K. Mayuri, C. Vaishnavi andP. Gandhimathi; 16. Information Technology and Global Business – N. Rathinagireeswaran and V. Anil Kumar; 17. Global Financial Crisis and Oil Industry– Thanga Durai. R and Murali. T; 18. Global Recession and Indian Cement Industry – N. Mohan and Muthukumar. G.

Appendices; Index



ISBN: 978-81-7708-230-2

Price: Rs. 560

Global Meltdown – Regional ImpactsEdited by Nandita Sethi, Assistant Professor and A.V. Bala Krishna, Editorial Associate,Institute of Public Enterprise (IPE), Hyderabad

The financial turmoil which surfaced in August 2007 in the US financial system as a result of defaults of sub-primemortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreignexchange markets. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively intoa global banking crisis, global financial crisis and now a global recession.

Though emerging market economies, including India, do not have direct or significant exposure to stressed financialinstruments or troubled financial institutions, they are not immune to the adverse effects of the financial crisis.

Most of the crises over the past few decades have had their roots in developing and emerging countries, oftenresulting from abrupt reversals in capital flows, and from loose domestic monetary and fiscal policies. In contrast, thecurrent ongoing global financial crisis has had its roots in the US.

Given the experience of the post-crisis period, the decoupling hypothesis stands invalidated. Reinforcing the notionthat in a globalised world no country can be an island, growth prospects of emerging economies have been underminedby the cascading financial crisis with, of course, considerable variation across countries.

This book contains 16 analytical contributions gathered from various sources which give-with regional dimensions-deep insights into the origin, causes, consequences and remedial measures related to the crisis.

CONTENTS

Part I: Global Meltdown

1. World Economic Outlook, April 2009: Crises and Recovery International Monetary Fund; 2. The General EconomicBackground to the Crisis – Jørgen Elmeskov; 3. The Global Financial Crisis: Causes, Consequences and Countermeasures– Luci Ellis; 4. The Impact of the Financial Crisis on Emerging Market Economies: The Transmission Mechanism, Policy Response and Lessons – JackBoorman; 5. The Multilateral Response to the Global Crisis: Rationale, Modalities and Feasibility – Eduardo Fernández-Arias, Andrew Powell and AlessandroRebucci; 6. Learning from the Financial Crisis – Sir John Gieve

Part II: Regional Impacts

7. The Global Crisis and Latin America: Financial Impact and Policy Responses – Alejandro Jara, Ramon Moreno and Camilo E. Tovar; 8. Crisis Managementin the European Union – Sylvester C.W. Eijffinger; 9. UK Poverty and the Economic Downturn – Moussa Haddad and Antonia Bance; 10 The Current Crisis:A Challenge as well as a Chance to Implement Needed Reforms? – Amir Hadziomeragic; 11. Spillovers of the Crisis: How different is Croatia? – LjubinkoJankov; 12. Central Asia and the Global Economic Crisis – Richard Pomfret; 13. Measuring the Pulse of Africa in Times of Crisis – OECD; 14. The GlobalFinancial Crisis and its impact on the Asia-Pacific Region – Anwar Nasution; 15. The Global Financial Crisis, Developing Countries and India – JayatiGhosh; 16. Risk Management in the Midst of the Global Financial Crisis – D. Subbarao.

Index



ISBN: 978-81-7708-235-7

Price: Rs. 880

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Global Financial Crisis and the Indian EconomyEdited by S. Asokkumar, Head, Department of Management Studies, Gnanamani Institute of Management Studies,Namakkal, Tamil Nadu, India

The current global financial situation continues to be uncertain and unsettled. What started off as a sub-primecrisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis andnow a global economic crisis. It has been billed by experts as the worst since the Great Depression of late 1920s andearly 1930s that originated in the advanced economies and rapidly engulfed the whole world.

The financial turmoil which surfaced in August 2007 in the US financial system as a result of defaults of sub-primemortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity andforeign exchange markets.

India has remained relatively immune from the fallout of the crisis due to several reasons including prudential,supervisory and regulatory framework of the Reserve Bank of India (RBI). More importantly, the Indian banking systemhas shown remarkable market discipline, docility, and sincerity of purpose as against the financial gimmicks anddubious practices of the financial institutions in the US. It is heartening to note that in India, complex structures likesynthetic securitisations have not been permitted so far.

This book contains 18 articles on the subject by experts in the field of finance and development, covering almostall dimensions of the ongoing worldwide financial turmoil.

CONTENTS1. Global Financial Crisis and the Reserve Bank of India (RBI) – B. Rajasekran and A. Thasleem Ahmed; 2. FinancialEngineering and Financial Crisis – J. Sundar Raj, R. Vijay Kumar and S. Ratheesh; 3. Foreign Direct Investment (FDI) and Economic Growth in India– S. Balamurugan and K.K. Manikandan; 4. Foreign Institutional Investors (FIIS) and Indian Stock Market – P. Meena and Mangayarkarasi. S; 5. GlobalDownturn and Stock Markets – K. Bharath, Milan Mohan O. and Rajeesh T.R.; 6. Global Meltdown And India – M. Moorthi and S. Megalatha; 7. GlobalFinancial Crisis, Collateral Damage and Response – Vairamani. P and Vijayaguru. K; 8. Global Economic Crisis and India – N. Balakrishnan and P.Mohanraj; 9. Global Financial Crisis and Global Marketing – F. Mohamed Sabura and C.G. Sivasankar; 10. Green Marketing and Global Environment– Fathima Nagoor and Mohideen Ameer Abbas; 11. Impact Oof Globalisation on Indian Economy – T. Tamilmathi, N. Gunasegari and D. Krishnakumar;12. Global Financial Crisis and Human Resources Management (HRM) – M. Lakshmi Priya and Vinoth. M; 13. Employee Retention Strategy in theContext of Global Financial Crisis – Venkatesh. J and K. Kala; 14. Globalisation and Welfare of Women Employees – T. Sumathi and S. Thaiyalnayaki;15. Global Financial Crisis and Business Process Outsourcing (BPO) – P. Sudarkodi and G. Sathishkumar; 16. Impact of Global Financial Crisis onProduction – N. Gunasekaran and M.S. Ramya; 17. Global Meltdown and Challenges of Entrepreneurial Development – G. Gopalakrishnan andVikram. J; 18. Business Process Outsourcing (BPO) in the Indian Economy – M. Rajarajan, S. Thirumaran and Jinse George.

Appendix: Key Features of the Union Budget 2010-11

Index



ISBN: 978-81-7708-233-3

Price: Rs. 545

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FOREIGN INVESTMENT IN INDIA1947-48 to 2007-08By Niti Bhasin

Foreign investment plays an important role in the

long-term economic development of a country by

augmenting availability of capital, enhancing

competitiveness of the domestic economy through

transfer of technology, strengthening infrastructure,

raising productivity, generating new employment

opportunities and boosting exports. Foreign investment,

therefore, is a strategic instrument of development

policy.

The current world scenario calls for further liberalisation of norms for

foreign investment in India. The present book deals with almost all aspects

of foreign investment in India. It particularly focuses on current policies

and procedures for foreign direct investment as well as foreign portfolio

investment. Foreign investment policies of other countries have also been

highlighted to make suitable comparisons with India’s policies in order to

underscore the measures that are needed to attract higher levels of foreign

capital and technology.

2008 • Pages: 432

Hardbound

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978-81-7708-175-6

Price: Rs. 1490

WTO AND INDIA – DEVELOPMENT AGENDAFOR THE 21ST CENTURYBy Vibha Mathur

After Independence in 1947, India followed, forabout 30 years (1950-80), a development patternwhich laid strong emphasis on centralised planning,government ownership of basic and key industries,excessive regulation and control of private enterprise,trade protectionism through tariff and non-tariffbarriers and a cautious and selective approach towardsforeign capital. It was a quota, permit and licenseregime all the way. This so-called inward-looking,import substitution strategy of economic developmentbegan to be widely questioned with the beginning of1980s. Policy makers started realising the drawbacksof this strategy which inhibited competitiveness and

efficiency and produced a much lower rate of growth than expected.Pressure was mounting for industrial liberalisation owing to a host ofinternal and external factors. Among the external factors, theestablishment of WTO in 1995 was the foremost.

This book explains the key reform measures undertaken in varioussectors of the Indian economy since 1991 in the context of theestablishment of WTO. It examines the rationale, contents, and impactof economic reforms and puts in perspective the emerging lessons for thefuture.

2005 • Pages: 362

Hardbound

5¾ x 9

81-7708-099-7

Price: Rs. 670


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Banking Reforms and Productivity in IndiaBy Medha P. Tapiawala, Associate Professor of Economics, Guru Nanak College of Arts, Science and Commerce, University ofMumbai, Mumbai

Wide-ranging financial sector reforms have been undertaken in India—since the initiation of economic reforms in early1990s—to improve financial intermediation and maintain financial stability. This process has now become more intensive witha focus on drawing appropriate lessons from the global financial crisis and putting in place a regulatory regime that is alertto possible build-up of financial imbalances. All commercial banks, including foreign banks in India, migrated to the Basel IIframework by March 31, 2009.

Keeping in view the significant developments in payment systems and the responsibility of Reserve Bank of India (RBI)with regard to regulation and supervision of payment systems, the Vision Document for the period 2009-12 was released onFebruary 16, 2010. RBI’s Vision Document provides the roadmap to ensure that all the payment and settlement systemsoperating in the country are safe, secure, sound, efficient, accessible and authorised.

This book provides a vivid account of banking sector reforms in India during the recent past. More importantly, itprovides empirical evidence—in the backdrop of reforms—of trends in the productivity of select banks in India.

CONTENTS1. Financial System, Economic Growth and the Role of State – Introduction Functions and Soundness of the FinancialSystem; Financial System and Economic Growth; Role of State in the Financial System; Financial Sector Reforms in India; 2.Banks and Other Financial Institutions: Recent Reforms – Overview of Indian Banking System; Commercial Banks in HistoricalPerspective; Banking Sector Reforms since 1991; Objectives of Banking Sector Reforms; Components of Banking Sector Reforms;Co-operative Banks; Development Finance Institutions (DFIs); Non-banking Financial Companies; Mutual Funds; ConcludingObservations; 3. Legal, Regulatory and Supervisory Framework for Banking Sector in India – Legal Framework; RegulatoryFramework; Supervisory Framework; 4. Methods of Productivity Measurement of Banks – Introduction; Definitions; Difference between Productivity andEfficiency; Literature Review; Different Approaches of Measuring Productivity; Overview of Measurement of Banking Productivity; Banking Productivity: Evidencefrom India; Conclusion; 5. Data Envelopment Analysis (DEA) – Introduction; Historical Perspective on DEA; Description of the Method; The Method; Advantagesof Data Envelopment Analysis; Use of DEA for Comparison of Banking Productivity; Use of DEA in India to Measure Banking Productivity; Conclusion; 6. Measurementof Banking Productivity in India – Introduction; Synoptic Overview of Banking Sector in India; Selection of Inputs and Outputs of Banks; Structure of Banks’Accounts Balance Sheets; Comparison of Compound Annual Growth Rate (CAGR) of Different Groups of Banks Classified on Their Ownership Pattern; Use of DEAto Compare the Efficiency of Different Banks in India; Comparison of the Efficiency Considering Financial Performance of Different Banks in India; Comparison ofthe Staff Efficiency of Group and Individual Banks; Conclusion; 7. Summary and Conclusions.

Appendix: Annual Policy Statement of the Reserve Bank of India for the Year 2010-11 Announced on April 20, 2010.

References and Bibliography; Index

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ISBN: 978-81-7708-248-7

Price: Rs. 590

Banking and Finance / Insurance

Co-operative Banks in India – Functioning and ReformsBy Amit Basak, Senior Lecturer and Head, Department of Commerce, Susil Kar College (Calcutta University), Champahati, West Bengal

Co-operative banks are an integral part of the Indian financial system. They comprise urban co-operative banks and ruralco-operative credit institutions. Co-operative banks in India are more than 100 years old. Urban Co-operative Banks (UCBs)—also referred to as primary cooperative banks—play an important role in meeting the growing credit needs of urban andsemi-urban areas of the country. UCBs mobilise savings from the middle and lower income groups and purvey credit to smallborrowers, including weaker sections of the society. Scheduled UCBs are under closer regulatory and supervisory frameworkof the RBI. Rural co-operative banks operate mainly for the benefit of rural areas, particularly the agricultural sector.

Though much smaller as compared to scheduled commercial banks, co-operative banks constitute an important segmentof the Indian banking system. They have an extensive branch network and reach out to people in remote areas. They havetraditionally played an important role in creating banking habits among the lower and middle-income groups and instrengthening the rural credit delivery system.

This book—focusing on UCBs—provides a vivid account of the functioning of co-operative credit institutions in Indiaincluding recent reforms. Besides, it includes a case study of the working of UCBs in the Indian state of West Bengal.

CONTENTS1. History of Co-operative Movement – Origin of Co-operative Movement; Co-operative Movement in India; Origin of UrbanCredit Movement in India; 2. Co-operative Banking: Conceptual Framework – Problem of Development; Concept of Co-operation; Concept of Co-operative Banking; Review of Existing Literature; 3. Urban Co-operative Banks – Urban Co-operativeBanks; Problems Encountered by Urban Co-operative Banks; Review of Existing Literature; Working Group on IT Support forUrban Co-operative Banks; Working Group on Umbrella Organization and Constitution of Revival Fund for Urban Co-operativeBanks; 4. Rural Co-operative Banks – Rural Co-operatives in Historical Perspective; Short-term Rural Co-operatives; Long-termRural Co-operatives; Significance of Rural Co-operatives; Primary Agricultural Credit Societies (PACS); Regulatory Framework and Supervision; Triangular Regulationof Rural Co-operatives; Vaidyanathan Committee on Rural Co-operatives; Self-help Group (SHG) for Micro Credit; NABARD and the Co-operative Sector; RuralInfrastructure Development Fund (RIDF); Kisan Credit Cards (KCC); Concluding Observations; 5. Structure and Management of Urban Co-operative Banks –Introduction; Structure of Co-operative Credit Institutions; District Central Co-operative Banks (DCCBs); State Co-operative Banks (SCBs); Urban Co-operative Banks(UCBs); Objectives and Functions of the UCBs; Area of Operation of the UCBs; Management of the UCBs; Resources of the Urban Co-operative Banks; Investmentof the Urban Co-operative Banks; Different Gradation of the Urban Co-operative Banks; 6. Regulatory Framework for Co-operative Banks – Early History; Co-operative Societies Act of 1904; Co-operative Societies Act of 1912; Reforms Act of 1919; Provisions of Co-operative Acts Relating to Co-operative Credit Societies;Application of Banking Regulation Act 1949 to Co-operative Societies; Duality of Control; Licensing Policy; Prudential Regulations; Vision Document; Memorandumof Understanding (MoU) with Governments; Differentiated Regulatory Regime; Supervisory Regime for UCBs; 7. Summary and Conclusions – Origins of Co-operative Movement; Legislative History of Co-operatives; Importance of Co-operative Banks; Financial Sector Reforms and Co-operative Banks; Structure of Co-operative Banking in India; Vision Document and Medium-Term Framework (MTF) for UCBs; Management of Co-operative Banks; Suggestions for Improving theEfficiency of Credit Co-operatives; Scope for Further Research.

Appendix: Urban Co-operative Banks in West Bengal; Bibliography; Index.



ISBN: 978-81-7708-250-0

Price: Rs. 495

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Rural Banking in IndiaBy Manas Chakrabarti, Assistant Professor, Department of Commerce, Balurghat College, Balurghat, West Bengal

Agriculture and rural sectors play an important role in India’s overall development strategy in terms of incomeand employment generation and poverty alleviation. Great significance has, therefore, been accorded to developingappropriate institutions and mechanisms for catering to the credit requirements of these sectors.

Government of India promoted Regional Rural Banks (RRBs) through the RRBs Act of 1976 to bridge the gap inthe flow of credit to the rural poor. The RRBs have a special place in the multi-agency approach adopted to provideagricultural and rural credit in India. These banks are state-sponsored, regionally-based and rural-oriented. Besides theRRBs, commercial and co-operative banks have been catering to the credit requirements of the rural sector.

The renewed emphasis on agricultural and rural development by the Government of India would lead to agrowing demand for different types of financial services in the rural areas. The present structure of rural credit may notbe able to cater to the same. RRBs would be called upon to play a greater role in providing such services due to theirrural character and feel. RRBs have to take over a larger share of credit disbursements calling for much larger resourcemobilization, as also greater efforts for their institutional strengthening.

It was announced in the Union Budget for 2008-09 that the Central Government and the State Governments hadreached an agreement on the content of the package for revival of the long-term cooperative credit structure. The costof the package was estimated at Rs. 3,074 crore, of which the Central Government’s share would be Rs. 2,642 crore.

CONTENTS1. History and Significance of Rural Banking in India – Rural Sector in the Indian Economy; Post-Independence Historyof Banking in India; Rural Financial Institutions; Regional Rural Banks (RRBs); Review of Literature on Rural Banking.2. Development of Regional Rural Banks (RRBs) in India – The Genesis; Banking Commission (Chairman: R.G. Saraiya), 1972; New Economic Programme;Working Group (Chairman: M. Narasimham), 1975; Establishing a RRB: The Basic Requirements; Special Concessions and Privileges allowed to RRBs;Steering Committee for Framing up Policies of the RRBs at National Level; Development of Regional Rural Banks in India; State-wise Distribution of theRRBs; Sponsoring Bank-wise Distribution of the RRBs.3. Conceptual Issues Related to Regional Rural Banks (RRBs) – Role of RRBs; Objectives of Setting up RRBs; Prominent Postulates of the RRBs; Businessof RRBs; Capital Structure of the RRBs; Management and Staff Pattern of the RRBs; Board of Directors; RRBs versus Commercial Banks; RRBs versusCooperative Banks.4. Institutional Financing for Rural Credit in India – Post-Independence Rural Development; Rural Credit Requirements; Sources of Rural Finance;Need for Institutional Finance for Rural Credit; History of Institutional Arrangements for Rural Credit.5. Performance of RRBs: A Region-wise Analysis – Structural Growth; Mobilization of Deposits; Loans and Advances; Profitability Performance; Non-performing Assets (NPAs); Summary and Recommendations

Appendix: Regional Rural Banks in West Bengal; Bibliography; Index

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2011 • Pages: 200


ISBN: 978-81-7708-262-3

Price: Rs. 545

Life Insurance in IndiaBy R. Haridas, Associate Professor, Department of Management, Karpagam Arts and Science College, Coimbatore

After a long period of a monopolistic environment, the insurance sector in India was opened to private participationwith the enactment of the Insurance Regulatory and Development Authority Act, 1999. Since then, the number ofparticipants operating in life, general and reinsurance, in both the public and private sectors, has increased. The openingup has augured well for the sector which has witnessed introduction of new products in recent years. In the field of lifeinsurance, a wider choice is presently available to the customers, with products being tailor-made to the needs of theinsured. Insurers are putting in much more research into development of products both in the life and general segments.

Reforms have created competition in the insurance sector and given the customers a wide choice not only in thematter of insurance companies, but also in terms of insurance products. However, the impact of increased competitionis yet to be felt on insurance penetration. With banks having already been allowed to undertake insurance business,bancassurance market has also come up in a big way.

This book deals with life insurance business in India, focusing on recent reforms in this sector.

CONTENTS1. Insurance Services: An Introduction – Insurance Defined; Fundamental Principles of Insurance; Essential Elementsof an Insurance Contract; Uniqueness of Insurance Business/Industry; Stages in Insurance Business; Difference betweenLife and Other Forms of; Insurance; Features of Life Insurance. 2. Insurance Business in India: An Overview – Historyof Insurance Services in India; Weaknesses of Insurance Industry Prior to Reforms of Late 1990s; Committee on Reformsin Insurance Sector, 1994; Indian Insurance Business: From State Monopoly to Competition; Regulations and Controls;Post-liberalisation Developments in Insurance Business; Broad-based Marketing of Insurance Products; FDI in the Insurance Sector; Rise of Private Playersin the Insurance Market; Summing Up. 3. Life Insurance in India: Origin, Growth and Present Status – Origin of Life Insurance; Growth of InsuranceCompanies; Insurance in India; Advantage of Life Insurance; Main Life Insurance Products; Major Players in Indian Life Insurance Business; Life InsuranceMarket in India; Comparison of India and China with Other Countries; Recent Trends in Life Insurance Industry. 4. Micro Insurance and FinancialInclusion – Financial Inclusion; Micro Finance; Need for Micro Insurance; UNDP Study Report on Micro Insurance; Consultative Group on Micro Insurance;Micro Insurance in India: Policy Options. 5. Review of Literature on the Subject. 6. Conclusions and Suggestions – Conclusions; Suggestions.

Glossary of Insurance Terms; Multiple Choice Questions on Insurance Principles and Practice.

Bibliography; Index

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2011 • Pages: 198


ISBN: 978-81-7708-252-4

Price: Rs. 535

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Marketing of Services – Quality DimensionsBy Garima Gupta, Assistant Professor, Department of Commerce, P.G.D.A.V. College (Evening), University of Delhi

The commercial market for services is huge and expanding worldwide. In India, services sector accounts for thelargest share of Gross Domestic Product (GDP). In fact, it is the growth performance of the services sector which issustaining the overall growth of the Indian economy in the face of a stagnating agricultural sector.

In the wake of liberalization and openness policies of the Government, the marketing of services has becomehighly competitive. The focus of service providers has shifted from internal performance to external factors such ascustomers’ satisfaction. Resultantly, quality of service provided has become the key source of differentiation in themarket for various services. Quality is usually a slippery concept, easy to visualize yet difficult to define. As per Japaneseproduction philosophy, quality implies zero defects in the firm’s offerings.

Quality of service is the cornerstone of achieving success among competing services. Various policy measureshave been undertaken by the Government of India to make India’s services sector internationally competitive. Thisbook deals with the quality aspect of marketing of services, focusing on the following services: banking services,hospital services and services provided by fast food restaurants.

CONTENTS1. Significance of Quality in Marketing of Services – Growing Importance of Services Sector; The Concept of Service;Services and the Tangibility Spectrum; Quality: An Elusive Construct; Role of Quality in Services; Economic Worth ofService Quality; Quality Perspectives of Goods and Services. 2. Banking, Hospital and Fast Food Services in India –Banking Services in India; Hospital Services; Services of Fast Food Restaurants. 3. Service Quality: Concepts,Measurement and Dimensionality – Conceptualization of Service Quality; Service Quality Measurement; Dimensionality of Service Quality Construct;Concluding Remarks. 4. Service Quality and Related Constructs: A Conceptual Framework – Service Quality and Customer Satisfaction; Concept ofService Value; Convergent Literature: The Interrelationships; Causal Ordering of Relationships. 5. Research Methodology – Data Source and SampleDesign; Qualitative Phase: Pilot Survey; Quantitative Phase: Questionnaire Development; Measures Needed for the Study; Analysis Techniques; DataAnalysis Procedure. 6. Empirical Validation of the Service Quality Construct – Scale Development; Aggregative Analysis; Industry-Specific Analysis ofDimensionality; Existing Servqual versus the Extended Model; Dimensionality Analysis as per Servqual Scale; Comparative Evaluation of the AlternativeMeasurement Scales of Service Quality; Assessing the Quality of Services Provided by the Three Sectors; Need for Improvement in Service Quality;Importance-Performance Mapping; Assessing Overall Quality, Customer Satisfaction, Value and Behavioural Intentions. 7. Summary, Conclusions andRecommendations – Summary of the Research Issues; The Study; Major Findings of the Study; Conclusions and Recommendations; Areas for FutureResearch.

Appendix: Techniques Used for Correlation Analysis

Bibliography; Index

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2011 • Pages: 224


ISBN: 978-81-7708-256-2

Price: Rs. 630

Small-scale Industries in India – Problems and Policy InitiativesBy K.R. Vijayarani, Assistant Professor, Department of Economics, Sri Vasavi College, Erode

Small-scale Industries are considered a harbinger of economic progress and have stemmed and grown out ofIndia's own skills, resources, enterprise and culture. This sector is believed to be an elixir for all the ills of a developingeconomy like India. A growing economy always needs the presence of small enterprises.

In a labour abundant and capital scarce country like India, small-scale industries have come to occupy a significantposition in the planned industrialisation of the economy. Ever since the announcement of the Industrial Policy Resolutionof 1948, small-scale industries have occupied a prominent place in the overall strategy of industrial development in India.Successive Five Year Plans have allocated increasing resources for the development of small industries. In view of theabundance of labour, scarcity of capital, and rural nature of the economy, the preference for small industries is natural.

In the wake of globalization wave sweeping across the countries, new opportunities and challenges have emergedfor the small industries. Appropriate policies are needed to meet these challenges to sustain the growth of small industries.

CONTENTS1. Place of Small-scale Industries in India's Industrial Policy – Industrial Policy Resolutions of 1948 and 1956; Small-scale Industries and Economic Planning; Industries (Development and Regulation) Act, 1951; D.G. Karve Committee;District Industries Centres (DICs); Economic Reforms and Small-scale Industries; Abid Hussain Committee; Significanceof Small Scale Industries; Policy Initiatives for Small Scale Industries; Micro, Small and Medium Enterprises Development(MSMED) Act, 2006; Globalisation and Small-scale Industries.2. Various Studies on Small-scale Industries in India.3. Credit Flow to Small-scale Industries – Credit Needs of Small Industries; Working Group on Credit to Small Industries, 2004; Guidelines on CreditFlow to Small Sector, 2005; Policy Package for Credit to Small Enterprises; Working Group on Credit Delivery to Small Enterprises, 2008.4. Problems of Small-scale Industries and Policy Initiatives – Problems Faced by Small Scale Industries; Policy Measures to Help Small Industries;Recent Policy Initiatives for Small Industries.5. Profiles of Select Small-scale Industries in India – Powerlooms; Handlooms; Silk and Sericulture; Unorganised Wool Sector; Khadi and VillageIndustries (KVI); Coir Industry; Handicrafts; Food Processing Industries.

Appendix: Small-scale Industries in Tamil Nadu: A Case Study

Bibliography; Index

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2011 • Pages: 184


ISBN: 978-81-7708-265-4

Price: Rs. 490

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WTO and Small Enterprises in IndiaBy K. Padmanabhan, Assistant Professor, Department of Corporate Secretaryship, Bharathidasan Government College forWomen, Puducherry

The creation of World Trade Organisation (WTO) in 1995 was a watershed in the history of trade among nations.WTO replaced General Agreement on Tariffs and Trade (GATT) which remained in existence from 1948 to 1994. GATTwas a multilateral treaty, governing trade in goods only. WTO is much wider in scope and coverage. WTO Agreementscover services and intellectual property as well.

WTO is the only international body dealing with the rules of trade between nations. At its heart are the WTOagreements, the legal ground rules for international commerce and for trade policy. The agreements have three mainobjectives: (a) to help trade flow as freely as possible, (b) to achieve further liberalisation gradually through negotiationsand (c) to set up an impartial means of settling disputes.

The rules and procedures of WTO offer opportunities and simultaneously pose challenges for economies ofmember countries. India has also braced itself to meet the challenges of the new world trade order.

As is well-known, small enterprises in India provide livelihood, check rural-urban migration, generate exportearnings and touch upon the lives of the remotest and most marginalized people. Small enterprises have beenrecognised as engines of economic growth worldwide.

How WTO has impacted the growth and performance of small enterprises? This question has generated a lot ofdebate among policy makers, academicians and among those actually running small enterprises. This book explainsand examines the impact of WTO on various aspects of the functioning of small enterprises.

CONTENTS1. Wto and the Global Economy – Institutionalisation of International Trade; From GATT to WTO: The Road Map; WTO: Basic Facts; Decision MakingBodies at WTO; Guiding Principles of WTO; WTO Agreements; Summing Up. 2. Small Enterprises in the Indian Economy – Historical Evolution of theDefinition of Small Industry; Importance of SSIs; Reservation of Items for SSIs; Dereservation of Items for SSIs; Institutional Framework for Small Industriesin India; Support Measures; Problems of SSIs; Challenges for the Small Sector in the Context of Globalisation and WTO; Future of Small Industries; Micro,Small and Medium Enterprises Development (MSMED) Act, 2006. 3. Impact of WTO and Small Enterprises – Small Industries under WTO Regime; FreeTrade under WTO Agreement; Benefits of Signing WTO; Globalisation Challenges; Quality Consciousness; Reasons for Technological Gap; TechnologicalDevelopment and Modernisation Fund Scheme; Market Access; Quantitative Restrictions (QRs); Safeguard Measures; Dereservation vis-à-vis GlobalCompetition; Anti-Dumping Duties; Anti-Dumping Cases and the Reaction of SSIs; Dumping of Foreign Goods; Impact of TRIPs Agreement on SSIs...; 4.Impact of WTO on Small Enterprises in Pharmaceuticals, Textiles, Food Industry and Exports – Pharmaceutical Industry; Textiles; Food Industry;Exports under WTO Regime. 5. Review of Literature on the Subject – WTO and World Trade; SSI Related Literature Review; Export Related Aspects ofWTO Review; Intellectual Property Rights (IPR) Literature Review; Literature Relating to Pharmaceuticals under WTO; Literature Relating to Textile Sectorunder WTO; Literature on Food Industry under WTO. 6. Conclusions and Suggestions – Conclusions; Suggestions.

Appendix: Small Enterprises in the Union Territory of Pondicherry: A Case Study; Bibliography; Index

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2011 • Pages: 204


ISBN: 978-81-7708-253-1

Price: Rs. 585

Regional Disparities in India’s Socio-economic DevelopmentEdited by Kanak Kanti Bagchi, Professor, Department of Economics, University of North Bengal, West Bengal

Regional imbalances in a country may be natural due to unequal distribution of natural resources and/or man-made in the sense of neglect of some regions and preference for others for investment and infrastructural facilities.In India, apart from uneven distribution of geographical advantages, historical factors have also contributed to regionalinequities.

India’s successive Five Year Plans have stressed the need to develop backward regions of the country. In promotingregional balanced development, public sector enterprises were located in backward areas of the country during theearly phase of economic planning. In spite of pro-backward areas policies and programmes, considerable economicand social inequalities exist among different States of India, as reflected in differences in per capita State DomesticProduct. While income growth performance has diverged, there is welcome evidence of some convergence in educationand health indicators across the states.

This book contains 14 research papers authored by experts on the subject. They provide deep insights into thevarious dimensions of inter-state and intra-state economic and social inequalities in India.

CONTENTS1. Inter-State Disparities in India under Liberalized Regime – Kulwant Singh Phull; 2. Convergence, Dispersal andDevolution: Need for Region-specific Approach – Mona Khare; 3. Inter-Regional Disparities in India – S.K. Dhage,B.D. Khedkar and B.G. Lobo; 4. Growing Regional Disparities in India – Shaukat Haseen; 5. Differentials in AgriculturalProductivity in India – Sukhjeet K. Saran and Mini Goyal; 6. Regional Disparities in Agriculture Infrastructure – R.K.Panda; 7. Variations in Agricultural Development of Maharashtra – Bagade Dattatray S.; 8. Industrial Disparitiesin India: A Case Study of Uttar Pradesh vis-à-vis Maharashtra and Gujarat – Satya Dev Singh and Rajesh Kumar Singh; 9. Regional Disparities inSecondary Education in India – Vinayak Kant Mishra and Prahlad Kumar; 10. Inter-State Disparities in Technical Education in India – Nisha andPrahlad Kumar; 11. Educational Disparities in Orissa – S.N. Tripathy; 12. Infant and Child Mortality in India: Inter-regional Variations – Bipul Malakarand Mantu Bose; 13. Problem of Regional Imbalances: An Analysis of Social Sector – Dastgir Alam; 14. Finance Commission Transfers and Inter-State Imbalances – V.P. Gupta and Sneh Gupta

Index

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2011 • Pages: 252


ISBN: 978-81-7708-258-6

Price: Rs. 670

Regional Development


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Poverty Eradication and Development through InnovationsEdited by Babita Agrawal, Associate Professor and Head of the Department of Economics, Arya Kanya Post- GraduateCollege, Hapur

In the global market economy, the ability of nations to create, absorb and commercialize innovations determinestheir competitiveness. Innovation is closely linked to the creation of wealth in a modern knowledge economy. Valueaddition to raw materials in India through applications of technology has remained low compared to other nationssuch as Israel, Finland, Japan, and South Korea. Increasing labour productivity through technology change and innovationis the main route for the creation of additional wealth to enterprises and better wages to employees.

Since Independence, India has endeavoured to bring economic and social change through science and technology.The visionaries who led the growth of innovation and technology in India were convinced that such an approachcould play an important role in transforming India in to a modern, industrialized society. Experience and results showthat this confidence was well placed.

There is a vast untapped potential in India for wealth creation by increasing the levels of innovation content inthe entire economic development activities of the country. It is a tall call but an essential one, if the current levels ofgrowth are to be maintained.

This book contains 15 research papers, contributed by experts on the subject, which provide deep insights intothe interface between poverty reduction, development and innovations.

CONTENTS1. Importance of Innovations – Babita Agrawal and Nitu Gupta; 2. Innovations and Global Competitiveness ofIndia – Ratna Vadra; 3. Urbanisation of Rural Areas and Poverty Eradication Through Innovations – Meenu Agrawaland Prabha Singh; 4. Innovations in Co-operatives – Ashish Chandra; 5. Healthy Life Expectancy and Disease Burden of Elderly in Kerala – S.V.Balasubramanian and P. Mohanachandran Nair; 6. Redesigning Global Economic Governance – B.B. Tiwari and S.P Singh; 7. Agricultural Innovationsin Changing Environmental Scenario – B.G. Shivakumar; 8. Risks and Innovationsin E-banking – S.K. Mishra and Binaca Agrawal; 9. InnovationDriven Economy through Industrial Policy Making – B.B. Tiwari; 10. Innovations in Agriculture and Natural Resources Management – I. Sekar andB.G. Shivakumar; 11. Policy Responses to Global Economic Challenges – Arunesh Tripathi and Satyendra P. Tripathi; 12. Globalization and Socio-economic Issues Concerning Women – Pravin Kumar Singh and Arunesh Tripathi; 13. Innovations and Development in Indian Retail Banking –Krishna Kumar Agarwal and Rajesh Kr. Upadhyay; 14. Changing Concept and Scope of Social Innovations – Neeta Mahajan and V.P. Tripathi; 15.NREGA: Challenges and Opportunities – Dilip Kumar Srivastava and Vikas Singh

Index

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2011 • Pages: 250


ISBN: 978-81-7708-266-1

Price: Rs. 685

Women, Employment and EmpowermentBy Tinku Paul Bhatnagar, Research Officer, G.B. Pant Social Science Institute (GBPSSI), Jhusi, Allahabad

Empowerment of women through gainful employment is a constituent-as well as instrument-of development inany country. No country can be deemed developed if half of its population is severely disadvantaged in terms of basicneeds, livelihood options, access to knowledge, and political voice. A natural corollary of ensuring gender equality isthe elimination of gender discrimination.

Strong national machineries for the advancement of women and promotion of gender equality require politicalcommitment at the highest level. Reforms to meet the challenges of the changing world are essential to ensurewomen's equal access to institutions and organizations.

Effective and coordinated plans and programmes for the full implementation of women-oriented policies requirea clear research-based knowledge of ground realities of the socio-economic status of women, particularly rural women.

The realization of the goals of women empowerment needs to be supported by the allocation of necessaryhuman and financial resources for specific and targeted activities to ensure gender equality at the local, regional,national, and international levels as well as by enhanced and increased international cooperation.

The present work is an attempt to unravel the intricate relationship between women's work and theirempowerment. It adopts a holistic approach to explore interface between the nature of work performed by womenand indicators of their empowerment.

CONTENTS1. Women Empowerment: Conceptual Framework – Women in the Development Process; Empowerment of Women;Macro and Micro Indicators of Empowerment; Difficulties in Measuring the Process of Empowerment; Summing Up. 2.Employment and Empowerment – On Conceptualizing Empowerment of Women; Theories on Gender and Labour Market; Work Participation andEmpowerment: Linkages. 3. Work and Work Participation – Emergence of the Concept of Work; Meaning of Work Participation in Population Census;Measures of Employment and Unemployment Adopted by NSSO; Factors Affecting Women Entrepreneurship; Issues of Concerns. 4. Trends in FemaleWork Participation Rates – Labour Force Participation Rates (LFPRs); Distribution of Main and Marginal Workers; Trends in Female Work Participation;Age-specific Work Participation during NSSO Rounds; Category-wise Distribution of Workers; Need for Redefining Work Participation of Women; Invisibilityof Women's Work; Identification of the Hidden Contribution of Work; Time Allocation for SNA and Non-SNA Work in Developing Countries. 5. GovernmentPolicies and Programmes for Women Empowerment – Role of Women in Society; Gender Equality and Development; Constitutional Provisions forWomen in India; India's Commitments to International Conventions on Women Welfare; Institutional Mechanism for Advancement of Women; Programmes/Schemes of the MWCD; Autonomous Organisations under MWCD; Protection from Domestic Violence Act and other Acts of the Ministry; National Policyfor Empowerment of Women (NPEW), 2001.

Appendix: A Case Study of Female Work Participation in Allahabad District of Uttar Pradesh; Bibliography; Index

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2011 • Pages: 206


ISBN: 978-81-7708-259-3

Price: Rs. 560

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Micro Credit / Women Workers

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ISBN: 978-81-7708-249-4

Price: Rs. 665

Micro Credit, Self-help Groups (SHGs) and Women EmpowermentBy Neeta Tapan, Assistant Professor, Department of Economics, Higher Education Department, Government of Madhya Pradesh

Since Independence in 1947, the Government of India and the Reserve Bank of India (RBI) have made concerted effortsto provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutionsin the past several decades, the disadvantaged sections of society including women continue to depend on informal sourcesof credit. Regular institutions have faced difficulties in dealing with a large number of small borrowers, whose credit needs aresmall and frequent and their ability to offer collaterals is limited. Besides, cumbersome procedures and risk perceptions of thebanks leave a gap in serving the credit needs of the poor.

It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventionalbanking in reaching the hitherto unreached poor population. Micro credit enables the poor people to be thrifty and helpsthem in availing the credit and other financial services for improving their income and living standards. The Self-help Group(SHG)-Bank Linkage Programme was formally launched in the year 1992 and aptly supported by the RBI through its policysupport. The Programme envisages organisation of the rural poor into SHGs for building their capacities to manage their ownfinances and then negotiate bank credit on commercial terms. This book deals with the role of micro credit and SHGs in thesocio-economic empowerment of women.

CONTENTS1. Credit, Gender and Empowerment – Rural Sponge; ; Dynamics of Rural Credit Delivery; Micro Credit: An Outline; BeyondMicro Credit; Rural Development Programmes; A Paradigm Shift; Swarnjayanti Gram Swarozgar Yojana; Self-help Groups (SHGs);2. Mechanics of Self-help Groups (SHGs) – Introduction; Characteristics of SHGs; Grading of the SHGs; SHGs and RevolvingFund; SHGs and Bank Linkage; Different Models; Self-help Groups and Income Generation...; 3. Exploration Plan of the Study– What to Explore?; Conceptual Framework; Guiding Questions; Area Profile; Sampling Design; The Data; 4. Identities andOrganizational Structures – Introduction; Age Structure; Caste; Religion; Marital Status; Education; Type of Family; Family Size;Occupation; Family Income; Organizational Structure of the Self-help Groups; Types of SHGs; Size of SHG; Duration of SHG Formation... 5. Economic Empowerment– Introduction; Savings; Loans; Economic Activity Index; Bank Linkage; Revolving Fund; Income Generation; Interface Profile; Individual Income Generation; AssetEntitlement; Economic Empowerment Index...; 6. Social Empowerment – Empowerment: A Holistic Approach; Credit for Empowerment Strategy; ChangingMindsets; Transformed Awareness; Information and Political Awareness; Transformation Potential; Operational Parameters and Social Autonomy; Social EmpowermentIndex; Summing Up; 7. Reflections – India’s Marginalised Groups; Role of Self-help Groups; Economic Empowerment; Social Empowerment; Experiences ofWomen; Functional Efficiency, Economic Activity and Economic Empowerment; Positive Outcomes; Negative Outcomes; The Way Ahead; Concluding Remarks.

Bibliography; Index

Women in the Unorganized Sector of IndiaBy Rameshwari Pandya, Senior Faculty Member, Faculty of Family and Community Sciences, M.S. University of BarodaSarika Patel, M.Sc. and Post-graduate Diploma in Development Management, Faculty of Family and Community Sciences of theM.S. University of Baroda

According to the final report of the National Commission for Enterprises in the Unorganised Sector (NCEUS) released inApril 2009, workers in the unorganized (or informal) sector constitute more than 93 percent of the total workforce of India.Unorganized sector workers are those who do not have any job security, income security or social security and are thereforeextremely vulnerable to exogenous shocks.

The problems of women workers in general and in the unorganised sector in particular deserve special emphasis andfocus in view of their marginalised position within the class of workers. Even when women are not employed in the sense ofcontributing to the national output, a considerable share of their time is consumed by socially productive and reproductivelabour. This is what is called the double burden of work that distinguishes women from men.

A number of national and international studies have documented the sex-typing of jobs and occupations by women.Sexual division of labour has implications for the wages earned, permanency in the job and the possibilities for upwardmobility in the industry. The overall picture that emerges is one of greater disadvantage for women workers in general andthose belonging to rural as well as Scheduled Caste /Scheduled Tribes in particular.

This book deals with the problems of women in the unorganized sector of India. The policies and programmes of theGovernment to address these problems are also discussed. Importantly, it includes a case study of women in the embroideryindustry of Surat city of the Indian state of Gujarat.

CONTENTS1. Working Women in Historical Perspective – Women in Indian History; Working Women in India; Impact of Industrialisation;Education of Women; Patriarchal Attitudes; Women in the Unorganized Sector; National Commission on Self-Employed Women, 1988; Reasons for Women’s Entryinto the Job Market; Summing Up; 2. International Conventions on Women – UN Convention on Elimination of All Forms of Discrimination against Women;International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work; Fourth World Conference on Women (Beijing, 1995) and theBeijing Platform for Action (PFA); 3. Constitutional and Legal Safeguards for Women in India – Constitutional Provisions for Women in India; Objectives ofWomen-specific Legislations; Important Laws Related to Protection of Rights of Working Women; Legal Aid Services; Implementation of Women-related Legislations:A Critique....; 4. Composition and Characteristics of India’s Unorganized Sector – Introduction; Wage Payment Systems for the Unorganized Workers; WageWorkers in the Agricultural Sector; Wage Workers in Non-agricultural Sector; Contractual Work Status; Long Hours of Work; Stipulations of Leave and Holidays;Physical Environment; Precarious Housing and...; 5. Characteristics of Women’s Work in the Unorganized Sector – Women and the Economy; Vicious Circle ofPoverty and Gender Inequality; Definitions of Work and Unorganized Workers; Organized and Unorganized Sector Employment; Women in the UnorganizedSector; Self-employed Workers; Characteristics of Unorganized Sector; Characteristics of Women’s Work in India; 6. Problems Faced by Women in the UnorganizedSector – Nature and Magnitude of the Problem; Double Burden of Work; Nature of Work Participation of Women; Sexual Division of Labour; Problems Faced atWork; Lack of Social Security; Health Problems; Emotional Problems; Dual Responsibility; Non-conventional Place of Work; Problems of...; 7. Policies, Strategiesand Programmes for Women in the Unorganized Sector – Policies for Unorganized Sector; Strategies for Empowerment of Women in the UnorganizedSector; Gender Budgeting in India; Specific Programmes for Rural Women; 8. Review of Case Studies on Women in the Unorganized Sector.

Appendix: A Case Study of Women in the Embroidery Industry in Surat City; Bibliography; Index

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ISBN: 978-81-7708-251-7

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Hardbound

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ISBN: 978-81-7708-242-5

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Foreign Policy of India – Continuity and ChangeEdited by Mohanan B Pillai, Professor and Head, and L. Premashekhara, Associate Professor,Department of Politics and International Studies, Pondicherry University, Puducherry

Professing and practicing Non-alignment has been the hallmark of India’s foreign policy since Independence in1947. The initiative for Non-aligned Movement (NAM)—the biggest independent and informal association of countrieson a sui generis basis—came from three nations, viz. India, Yugoslavia and Egypt, represented by the three statesmenJawaharlal Nehru, Joseph Tito and Gamal Abdel Nasser respectively. From its modest beginnings at the BelgradeConference in 1961 with a participation of 25 nations, the NAM has expanded to include 119 members at the SharmEl Sheikh (Egypt) Conference in July 2009.

The fall of the Berlin Wall and the collapse of the Soviet Union ushered a new era in Indian economy and polityand consequently in India’s foreign policy. India unveiled the Look East policy in 1991. East Asia¾including Japan, China,South Korea and ASEAN is today India’s largest trading partner, ahead of EU and the US.

India’s foreign policy posture in recent years, particularly towards the region of West Asia and North Africa (WANA),has been a subject of intense debate. India’s growing relationship with the US and Israel, and its lukewarm stand on Iraqicrisis and Iranian nuclear issue is seen as a fundamental shift in the Indian foreign policy exercise. Critics have accusedthe succeeding Indian governments during the past two decades of abandoning its independent foreign policy, ofdeviating from Nehruvian national consensus in foreign policy matters, and towing the pro-American line. Others haveargued that the radical shift in the orientation of Indian foreign policy in terms of its pro-American tilt bears the mark ofrealism and pragmatism that is dictated by the demands of globalisation.

The present book contains 28 scholarly papers—contributed by experts in the field—which provide deep insightsinto the various dimensions of India’s foreign policy, focusing on recent developments.

CONTENTS

Part I: India’s Foreign Policy: General

1. Understanding India’s Foreign Policy: Non-alignment and the Way Ahead – K.S. Pavithran; 2. Technology Transfer and India’s Foreign Policy – Shaji. S;3. Managing Indian Economic Diplomacy in the Era of Globalization – M. Basheer Ahmed Khan; 4. India’s Energy Security: Challenges and Opportunities– A. Subramanyam Raju; 5. India and the Present Global Order: A Security Perspective – Suresh. R; 6. Indian Foreign Policy through Case Studies – JigarPatel and Hardik Mehta

Part II: India and China

7. Challenges Across the Himalayas: Need for a Firm/Pragmatic Foreign Policy towards China – Sudhir Jacob George; 8. Maritime Dimensions of India-ChinaRelations – R.S. Vasan; 9. India’s Policy towards Rising China – G. Supriya and Mohanan B. Pillai; 10. India’s Look East Policy: An Empirical Study – Amal Sarkar

Part III: India, Pakistan and West Asia

11. Changing Threat Perception from West Asia: India’s Options – A.K. Pasha; 12. Indo-Pak Relations: New Trends – Sudhir Singh; 13. Three Frontiers Theoryand India’s Relations with Pakistan and China – L. Premashekhara

Part IV: India and South Asia

14. India’s Threat Matrix and South Asia – M.D. Nalapat; 15. Struggle for Democracy in Myanmar: India’s Response – V. Suryanarayan; 16. Nation-buildingand Foreign Policy Behaviour of India in the Regional Setting of South Asia – P.M Joshy and Mohanan B. Pillai; 17. Conflicts and Co-operation on Trans-boundary Waters in South Asia – Deepa Karthykeyan; 18. Regional Integration in South Asia: Reflections on EC/EU Paradigm – Jayaraj Amin

Part V: India and Sri Lanka

19. Emerging Trends in Sri Lanka: An Indian Perspective – R. Swaminathan; 20. Is Tamil Nadu the Villain in India-Sri Lanka Relations? – V. Suryanarayan;21. Maritime Dimensions of Indo-Sri Lanka Relations – R.S. Vasan; 22. Post-war Challenges in Sri Lanka: Policy Options for India – S.Y. Surendra Kumar; 23.Human Rights Situation in Sri Lanka and Indian Response: Narratives of Refugees/Survivors – Ramu Manivannan; 24. India-Sri Lanka Relations: Impactof Ethnic Conflict in Sri Lanka – Jacob Ashik Bonofer

Part VI India, US and Europe

25. Contemporary Developments in US-Pakistan Relations: Impact on Indian Foreign Policy – M.J. Vinod; 26. India-EU Strategic Partnership: Perspectivesfor the 21st Century – B. Krishnamurthy; 27. India’s 123 Nuclear Agreement with the US – D. Purushothaman

Part VII: India and Africa

28. Competition for Africa: Challenges and Opportunities for Indian Foreign Policy – Vijay Prakasam G.V.

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7½ x 9¾ • ISBN: 978-81-7708-243-2

Price: Rs. 1530

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Nehru and Modern India – An Anatomy of Nation-

buildingEdited by G. Gopa Kumar, Honorary Director, UGC-Nehru Studies Centre, University of Kerala,Thiruvananthapuram

Pandit Jawaharlal Nehru—the First Prime Minister of Independent India—was theembodiment of spirit and ideals of democracy, socialism, secularism, nationalism, equality andsocial justice.

Estimating the contemporary significance and historical relevance of Nehru will always remaina challenging task for the students of social sciences. Nehru continues to remain a crucial linkbetween the evolution of India’s contemporary nationalism and the transition towards a middle-range power among the countries of the modern world. Along with other great stalwarts of freedommovement, Nehru was successful and practical in envisioning a modern India. Given the complexsocial, cultural, political and historical background of the Continent, this was a tremendous task. Inthe post-Independence scenario, Nehru was able to provide a strong foundation to the politicalsystem and clear directions to foreign and domestic policies. Despite the fast changing nature of

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1West Asia – Civil Society, Democracy and StateEdited by Sujata Ashwarya Cheema, Assistant Professor, Centre for West Asian Studies, Jamia Millia Islamia, New Delhi

Civil society constitutes a range of interest groups and political parties that occupy the space between theindividual and the state. The notions of democracy and civil society are inextricably linked—democracy fosters thedevelopment of civil society as it allows freedom of association to the individuals. This space then links the individualsto the state. In the backdrop of wave of political liberalization sweeping through the region since the early 1990s, thedebate on democratization in West Asia has been associated with the study of three crucial issues, namely whethercivil society exists in the region? What are its strengths? What are its weaknesses and what the future holds for itsexistence? Evidence from the political processes of some countries of the region—such as Jordan, Turkey, and GulfStates—reveals that civil society has strengthened in the region in the recent past.

This book is an attempt to understand the notion of civil society and its relations with democracy and state inthe context of West Asia.

CONTENTS1. Civil Society, Democracy and State in West Asia – M.S. Agwani; 2. Civil Society and its Implications for PoliticalReforms in West Asia – Anwar Alam; 3. Politics of Civil Society in West Asia – A.K. Ramakrishnan; 4. Struggle forDemocracy and Civil Society in Gulf Cooperation Council (GCC) States – A.K. Pasha; 5. Role of Civil SocietyOrganizations in the Economic Integration of Arab Gulf States – Javed Ahmad Khan; 6. Civil Society in West Asia:Progress and Prospects – Sameena Hameed; 7. Islamists, Democracy and State: Challenge of Change in West Asia– Rushda Siddiqui; 8. Internet, Dissent and Virtual Public Sphere in Saudi Arabia – M.H. Ilias; 9. Political Legitimacyof Monarchy and Civil Society in Jordan – Shelly Johny; 10. Role of Israeli Civil Society in Conflict Transformation – Moinuddin Ahmed; 11. CivilSociety, Democratization and State in Turkey – Mujib Alam; 12. Civil Society in the Gulf Monarchies – Shahid Jamal Ansari; 13. Civil Society:Pressures for Change in West Asia – Ishrat Aziz.

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ISBN: 978-81-7708-228-9

Price: Rs. 690

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the international system, Nehruvian perspectives are very relevant even today.This book contains 12 papers, authored by eminent scholars, which critically examine the policies pursued by Nehru in shaping modern India.

CONTENTS1. Nehru, Mixed Economy and Aspects of Foreign Policy – A.K. Pasha; 2. From Nehru to Pravasi Bharatiya Diwas: Changing Contours of India’s DiasporaPolicy – Aparajita Gangopadhyay; 3. Nehruvian Legacy: Democratic Socialism and Strategy of Economic Development: An Appraisal – P. Arjun Rao; 4.Jawaharlal Nehru and the Congress Party of India – G. Gopa Kumar; 5. Nehru and India’s Foreign Policy – K.R. Singh; 6. Glimpses of Jawaharlal Nehru –L.C. Jain; 7. The Menonian Influence on Nehruvian Foreign and Security Policy – M.J. Vinod; 8. Interpreting Nehru in the Context of India’s New ForeignPolicy – Rahul Tripathi; 9. The Nehruvian Legacy: The Eternal and the Ephemeral in Foreign Policy – B. Ramesh Babu; 10. Jawaharlal Nehru’s Dialectics –R.L.M. Patil; 11. Nehru, Democracy and the North-East – Sudhir Jacob George; 12. Contextualizing Nehruvian Development: Democratic Compulsion andPolitical Reality – V. Bijukumar

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Contemporary West Asia – Politics and DevelopmentEdited by Anwar Alam, Director, Centre for West Asian Studies, Jamia Millia Islamia, New Delhi

War, conflict and terrorism define the face of contemporary West Asia at popular level. However there are farmore other important issues and challenges that are currently troubling the governments of West Asian nations. Theseinclude (a) political, economic and social challenges, (b) Islamic militancy, (c) growing unemployment, (d) democraticreforms, (e) human rights, (f ) living conditions of expatriates, and (g) urbanization. Added to this list are environmentalrisks with such dimensions as overfishing, soil and water pollution by petroleum industry, scarcity of fresh water anddesertification. This book—containing 11 contributions by scholars in the field—deals with these internal challengesof the region.

CONTENTS1. Neo-Liberalism and Development Debates: Contextualizing in Saudi Arabia – Jajati K. Pattnaik2. The GCC Countries’ Response to Desertification – A. Kannan3. Globalisation and Social Change: The Case of United Arab Emirates (UAE) – Asif Suja4. Migrant Work and Human Rights in the GCC Countries: Emerging Scenario after Migrant Labour Unrest –M.V. Bijulal5. Water Sharing in West Asia: A Case Study of the Euphrates River System – Gazzala Sabana6. Aspects of Economy and Human Resource Development in Israel – Kumar Raka7. Situating the Hobbesian State of Iraq in Contemporary International Relations – Arshi Khan8. Oil, Democracy and Terrorism: An Inevitable Nexus in the Gulf – Vrushal Ghoble9. Islamic Responses to the Western Modernity Project: Within and Beyond – Kundan Kumar10. Changing Dynamics of Muslim Brotherhood in Egyptian Politics – Fazzur Rahman11. Islamic Resurgence in the Age of Globalization and Democracy: Hamas’ Changing Strategies in Palestinian National Movement – RajeeshKumar P. P

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ISBN: 978-81-7708-247-0

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World Order, Multipolarism and TerrorismThe Indian ApproachBy Debidatta Aurobinda Mahapatra, Centre for Central Eurasian Studies, University of Mumbai, Mumbai

The book is an attempt in chronicling and analyzing international developments from a non-western perspective.It scrutinizes the prevailing discourse in international politics in the light of recent developments. The analysis adopts adescriptive format while factoring India in the entire gamut of national, regional and international politics and arguingthat the developments indicate both challenges and opportunities. The challenges from climate change to confrontingand managing troubled regions in the world have become daunting tasks and India’s role has become prominent inmeeting these challenges. Opportunities too are varied and range from collective shaping of the international dynamicsto widening international peace and development discourse in the framework of ideal human unity. India with its non-antagonistic foreign policy projections has a significant role towards the realization of this framework.

Coverage of a wide range of issues including the regional dynamics of Central Eurasia and South Asia, thehappenings in Afghanistan-Pakistan and the issue of terrorism have made the book timely. The book is an importantreading for all those interested in contemporary international developments and their implications.

CONTENTS1. From Nation-State to Ideal Human Unity. 2. Towards Multipolarism: The Rise of BRIC. 3. New Great Game.4. International Challenges and Debates. 5. Facets of Terrorism. 6. Troubled South Asia. 7. India’s ForeignPolicy and Relations. 8. Conclusion.

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ISBN: 978-81-7708-260-9

Price: Rs. 695

India, Global Powers and West AsiaPolitical and Economic DynamicsEdited by Anwar Alam, Director, Centre for West Asian Studies, Jamia Millia Islamia, New Delhi

India’s economic interests and its self imagination as an emerging global power have assumed a higher priority indefining India’s foreign policy and security goals since early 1990s. This has guided the Indian policy makers to intensifyits engagements with Iran, Saudi Arabia, Israel and other GCC countries—around which Indian foreign policy in theregion revolves today in the political and economic sense of the term. This book deals with evolving political andeconomic dynamics and interactions of India with global and regional powers in West Asia, with particular focus onPersian Gulf in the post-Cold War period. It examines India’s multi-dimensional relations with global powers such as USA,Russia, China and regional powers and organisations like Iran, Israel, Turkey and Gulf Cooperation Council (GCC) respectively.

CONTENTS1. Relations with Israel and India’s Great Power Aspirations – P.R. Kumaraswamy. 2. Impact of India’s Partnershipwith Israel: Major Trends in the Post-Cold War Period – K.M. Sajad Ibrahim. 3. Turkish-Indian Relations after theCold War: Perspectives and Policies – Berdal Aral. 4. Incongruent Triangle: China Factor in India-GCC Ties – N.Janardhan. 5. China as an Economic Rival of India in the Gulf – Javed Ahmad Khan. 6. India and the GCC–Trade andGeopolitical Engagements – Faisal Ahmed. 7. Resurgent Russia and the Gulf – Prasanta Kumar Pradhan. 8. India’sEnergy Requirements, Natural Gas and the Persian Gulf – Pranav Kumar. 9. US-Iran Rivalries in the Region andits Implications for India – M. Mahtab Alam Rizvi. 10. Containment and Competition between US and Iran in theCaspian Sea Region: Implications for India – Pankaj Kumar.

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ISBN: 978-81-7708-261-6

Price: Rs. 690

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AFRO-ASIAN CONFLICTS – Changing Contours, Costsand ConsequencesEdited by Seema Shekhawat and Debidatta Aurobinda Mahapatra

The issues of conflict and peace are of immense relevance inthe post-cold war scenario, which has witnessed an unprecedentedrise in violent conflicts locally with global ramifications. Whetherit is Asia or Africa or other continents, the conflicts have beenprotracted with horrendous consequences. This volume looks atsome of the conflicts in Asia and Asia, commonly referred to asthe third world, and their political and humanitarian dimensions.It aims at exploring causes and changing contours of these conflictswith focus on costs and consequences. By emphasising on thesetwin aspects, this volume brings into forefront victimisation ofcommon people caught in conflict situations.

The subject of conflict being one of the focal areas ininternational politics, the book would be of interest to a vast readership globally. Itwould be helpful to researchers, international, governmental as well as non-governmental organisations and policy makers dealing with issues related to conflict,peace, displacement and human rights.

2008 • Pages: 314

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5¾ x 9

978-81-7708-183-1

Price: Rs. 730

2009 • Pages: 348

Hardbound

5¾ x 9

978-81-7708-192-3

Price: Rs. 790

INDIA-CHINA RELATIONS – Dimensionsand PerspectivesBy Bhawna Pokharna

India and China are the emergingsuperpowers of the world and together theycan make 21st century an Asian Century.Immense scope lies for both India and Chinafor constructive and cooperative partnershipin various fields. This book examines India-China bilateral relations from various anglesincluding regional and global dimensions. Thebook describes and examines age-old culturalexchanges, shared perceptions during freedomstruggles and post-Independence and post-Revolution concerns of the two countries.

Border problem and Tibet factor are hurdlesin the way of India-China smooth relations. These problems requiresolution on lasting basis if bilateral economic cooperation betweenthe two countries is to be promoted. Current trends and prospectsof India-China relations are discussed in this context.

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Human Development in India – Challenges and PoliciesEdited by Himanshu Sekhar Rout and S. Bhyrava Murthy,P. G. Department of Economics, Dr. SRK Government Arts College, (Pondicherry University), Yanam, India

Human development demands that all social groups have equal access to the services provided by the State andequal opportunity for upward economic and social mobility. It is also necessary to ensure that there is no discriminationagainst any section of the society. The Constitution of India contains various provisions for the development of marginalizedgroups. Their individual and collective growth, however, cannot be ensured without improving their surroundings andproviding basic necessities of life.

The major challenges of human development in India are (a) measurement and aggregation of human development,(b) manifestation of poverty in all dimensions of human life, (c) drop out and stagnation in primary education, (d) moredemand for higher education than the available facilities, (e) decontextualization of present system of education (f ) persistentregional disparities and social inequalities (g) unregulated human activities and unsustainable use of environmental resourcesand (h) gross under valuation of women’s economic contribution.

The book, consisting of 24 scholarly articles, provides valuable material on various dimensions of human developmentin India. It also makes practicable recommendations in this context.

CONTENTS1. Trends in Human Development among SAARC Countries – M. Indira and V.G. Siddaraju; 2. Human Development: ACitizenship Approach – Sujay Ghosh; 3. Robust Relation among Human Development and Economic Freedom - AnEmpirical Study on South Asian Perspective – Rajni Kapoor; 4. Gender Equality: An Important Issue of HumanDevelopment – Umesh Chandra Pati; 5. Role of Geographical Indications for Economic Empowerment and HumanDevelopment: Evidences from a GI Registered Product – P. Nayak; 6. Public Expenditure and Human Developmentin India – Ranjeeta; 7. Dimensions of Poverty and its Regional Variation – Ruchira Bhattacharya; 8. Human Development, other Side of the Coin ofNational Rural Employment Guarantee Scheme (NREGS) – B. Suresh Babu; 9. Role of National Rural Employment Guarantee in Human Development



ISBN: 978-81-7708-239-5

Price: Rs. 1085

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Healthcare Management in IndiaPsycho-Social and Neurological Aspects of HIV/AIDS and Other Physical andMental Disorders Including Case StudiesEdited by Dr. S.K. Srivastava; Professor, Department of Psychology, Gurukul Kangri University, Haridwar, et al.

Healthcare is fundamental to national progress in any sphere. In terms of resources for economic development,nothing can be considered of higher importance than the health of the people which is a measure of their energy,capacity and potential for productive work. Health is a positive state of well being in which the harmoniousdevelopment of physical and mental capacities of the individual lead to the enjoyment of a rich and full life. It is nota negative state of mere absence of disease. Health further implies complete adjustment of the individual to his totalenvironment, physical and social.

Considerable achievements have been made since Independence in 1947 to improve health standards in thecountry. Nevertheless, problems abound. India has to deal with rising costs of healthcare and growing expectationsof the people. The challenge of quality health services in remote rural regions has to be urgently met.

AIDS, cancer, diabetes, cardiovascular disease (CVD) and stroke are not only serious health problems but alsopose formidable development issues on account of their potential adverse impact on productivity and hence socio-economic development.

The present volume comprises 26 research papers—contributed by psychologists, psychiatrists, home scientists,AIDS counsellors, social workers and human resources (HM) experts—which provide deep psycho-social andneurological insights into various dimensions of healthcare challenges being faced by India. Out of 26 papers, 15papers deal with the pressing problem of HIV/AIDS and the remaining 11 with other physical and mental disorders including cancer, diabetes, depression,inhalant abuse, sleep problems, examination stress and sexually transmitted infections (STIs). These well-researched papers provide valuable information onmanagement of healthcare problems in India.

CONTENTS

Part I: Psycho-Social and Neurological Aspects of HIV/AIDS

1. HIV/AIDS in India – Ira Das and Suman Mishra; 2. HIV/AIDS: Major Health Endangering Behaviours of Life – Irfat Ara Khan and S.K. Srivastava; 3.Counselling and Psycho-social Care of HIV Positive Patients – R. Kannappan; 4. HIV/AIDS and Cancer Patients: A Comparative Study – ManishaDasgupta; 5. Co-morbidity in Children and Adolescents with HIV/AIDS – Anand Prakash; 6. Effects of Counselling on HIV/AIDS Patients – N.V.V.S.Narayana; 7. Awareness of HIV/AIDS among School Going and School Dropout Adolescent Girls: A Case Study of Jammu City – Nidhi Kotwal and BhartiPrabhakar; 8. AIDS Related Stigma: A Challenge for Humanity – Surila Agarwala and Satvir Singh; 9. Social Support and Coping Styles for HIV+Individuals: A Psycho-social Study – Ameesha and Priti S. Dhawan; 10. Neurocognitive Aspects of HIV Infection – Shahzadi Malhotra, Gaurav Rajenderand T.B. Singh; 11. Memory Impairment among HIV Infected People – Yogita Rai and Tanusree Dutta; 12. Role of Media in Awareness of HIV/AIDS inUttar Pradesh – Sarika Jaiswal; 13. Psychological Aspects of High Risk Behaviour of HIV – Sonal Sharma and Smita Jaiswal; 14. HIV/AIDS Awarenessamong Nursing Trainees – Deapti Mishra, Ranjeet Kumar, J. Mathto and S.N. Sahu; 15. Stigma of HIV and AIDS – Manoranjan Tripathi and S.K. Srivastava

Part II: Psycho-Social and Neurological Aspects of Physical and Mental Diseases

16. Psycho-social Aspect of Elderly Women – Archana Dutta; 17. Life Styles of Type II Diabetics and Non-diabetics – Ira Das and Sheenu; 18. Tribal andNon-tribal Employed Divorced Women: A Comparative Socio-psychological Study – Roshan Lal Zinta and Meera Manjul; 19. Conquering ChildhoodDepression – S.P. Sinha and Shraddha Sharma; 20. Preventing Inhalant Abuse among Children – Surila Agarwala and Satvir Singh; 21. Emotional Workand Mental Health – A.V.S. Madnawat and V.K. Bhardwas; 22. Vulnerability to Sexually Transmitted Infections (STIs) in Adolescents – Anubhuti Dubeyand Dhananjay Kumar; 23. Type-A Behaviour, Emotional State and Sleep Pattern of Diabetics – Smita Jaiswal; 24. Effects of Examination Stress onAdolescents’ Health – Kailash Chandra Barmola and S.K. Srivastava; 25. Coping Mechanisms for People Suffering from Life Threatening Diseases –Priyanka Behrani and Nitu Singh Bhadouria; 26. Understanding and Treatment of Social Phobia in Youth – Namitesh Gupta

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7½ x 9¾ • ISBN: 978-81-7708-244-9

Price: Rs. 1330

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Monetary, Banking and FinancialDevelopments in India – 1947-48 to2009-10By Niti Bhasin, Assistant Professor, Department ofCommerce, Delhi School of Economics, Universityof Delhi, Delhi

Money, banking and finance are the nerve-centreof an economy. They cover the whole gamut of legaland institutional arrangements, financialintermediaries, financial markets and instrumentswith both domestic and external dimensions.

The present book explains and examines at lengththe changes which have swept India’s monetary,banking and financial sectors since Independence

in 1947, with focus on post-1991 period. The book is organized into 8 parts.Part I deals with money, monetary policy, globalization and changing functions

of central banks worldwide. It also focuses on Reserve Bank of India (RBI)and its monetary and credit policies, particularly in the context of price stabilityand flow of credit to priority sectors of the economy. Monetary policy reformsin India since 1991 are also covered in this part of the book.

Part II traces the evolution and the present status of various financialintermediaries in India. The areas covered include: commercial banks, co-operative banks, development finance institutions (DFIs), non-bankingfinancial companies (NBFCs) and mutual funds.

Part III begins with the role of financial system in economic development.It traces the evolution of India’s financial system since Independence, explainsits present structure and provides glimpses of its future development.Furthermore, it gives an account of the various components of financialmarkets in India (money market, Government securities market, capitalmarket, insurance market and foreign exchange market) and explains recentmeasures to make them globally competitive.

Part IV of the book focuses on global meltdown and its impact on India.Policy measures taken by the Government of India, Reserve Bank of India(RBI) and Securities and Exchange Board of India (SEBI) are also highlighted.

Part V contains 8 Appendices. Appendix 1 summarises Monetary PolicyStatement of the RBI for the Year 2009-10. Appendix 2 summarisesDevelopmental and Regulatory Policies of the RBI for the Year 2009-10.Appendix 3 records policy measures by the RBI from September 2008 toMarch 2009 to mitigate the adverse impact of global economic crisis on theIndian Economy. Appendices 4 to 8 provide relevant information on the subject.

Part VI provides annual review of money and prices in India from 1947-48 to 2008-09.

Part VII provides annual review of banking and financial developments inIndia from 1947-48 to 2008-09.

Part VIII contains glossary of money, banking and financial terms.The book is designed to interest a cross-section of readers, viz. teachers and

students of economics, commerce, law, public administration, businessmanagement, chartered accountancy and company secretaryship. It will alsoserve the needs of legislators, business executives, entrepreneurs and investors,and others interested in monetary, banking and financial developments in India.


Hardbound • 7½ x 9¾

978-81-7708-206-7

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Price: Rs. 2080

Agriculture and Rural Developmentin India Since 1947By Chandra Shekhar Prasad, Consultant, NationalCommission for Enterprises in the Unorganised Sector(NCEUS), Government of India, New Delhi. (FormerlyADC and Economic Adviser, Ministry of Micro, Smalland Medium Enterprises, Government of India)

On the eve of Independence in 1947, Indianagriculture was characterized by feudal land relationsand primitive technology, and the resultant lowproductivity per hectare. As a consequence, ruralIndia presented a picture of mass poverty andwidespread unemployment and under-employment.Therefore, the first task of the Government in theimmediate post-Independence period was to initiategrowth process in agriculture on modern lines. Modernization of agriculturewas required both in terms of technological and institutional changes.

The Mid-term Appraisal of the Tenth Five Year Plan (2002-07) drewattention to the loss of dynamism in agriculture and allied sectors after themid-1990s. Hence, various policy initiatives have been taken in recent yearsto promote the agricultural sector. These have included the following: (a)National Agriculture Policy, 2000, (b) Vishesh Krishi Upaj Yojana, 2004, (c)National Horticulture Mission, 2005, (d) National Policy for Farmers, 2007,(e) Comprehensive District Agriculture Plan, 2007, (f) Rashtriya Krishi VikasYojana, 2007 and (g) National Food Security Mission, 2007.

The impulses of economic reforms have been relatively less in scope anddepth in the agricultural sector. Reforms in this sector were introduced onlytowards the end of the 1990s. These have included, inter alia, the following: (a)partial decontrol of fertiliser prices, (b) removal of bottlenecks in agriculturalmarketing, (c) relaxation of restrictions under the Essential Commodities Act,1955 and (d) introduction of forward trading in important commercial crops.

Similarly, various schemes/programmes have been launched for ruraldevelopment including the following: (a) Indira Awaas Yojana, 1986, (b) RuralInfrastructure Development Fund, 1996, (c) Swarnjayanti Gram SwarozgarYojana, 1999, (d) Total Sanitation Campaign, 1999, (e) Pradhan Mantri GramSadak Yojana, 2000, (f) National Nutrition Mission, 2001, (g) National RuralEmployment Guarantee Act, 2005, (h) National Rural Health Mission, 2005,(i) Rajiv Gandhi Grameen Vidyutikaran Yojana, 2005, (j) Bharat Nirman,2005 and (k) Prime Minister Employment Generation Programme, 2008.

The present work traces developments in Indian agriculture andtransformation of rural India during the post-Independence period. It explainsthe key reform measures undertaken for the modernization of agriculture andraising the standard of living of the rural population. Part I of the book, containing15 chapters, provides a detailed description of the various aspects of agriculturaldevelopment in India since Independence in 1947. Part II contains 11 chapterswhich deal with various programmes/schemes to improve the quality of life ofthe rural masses. Part III provides year-wise review of agricultural developmentsin India, covering the period 1947-48 to 2008-09. Part IV consists of appendiceswhich provide relevant material on different aspects of Indian agriculture andrural development. Part V contains glossary of agricultural terms. Part VIcontains time-series data (1950-51 to 2007-08) on Indian agriculture.



978-81-7708-201-2

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– Atulya Bhoi and Yoginder Singh; 10. Role of Governance towards Growth and Human Development – Sangram Kumar Rout; 11. Dynamics of HealthStatus and Health Care in Assam – Dukhabandhu Sahoo; 12. Trends and Patterns of Health Expenditure in Andhra Pradesh – T. Subba Lakshmi; 13.Infrastructure and Human Development in India – Narayan Chandra Nayak; 14. Exclusion of Social Infrastructure Menace to Human Development inIndia – L. Ganesan; 15. Education and Human Development – M. Indira; 16. Education, Food Security and Human Development in Orissa – BidyadharMajhi; 17. Technology and its Impact on Human Development – K. Joseph Raj; 18. Human Development and Environmental Quality: Issues of Harmonyand Conflict – Nirmal Chandra Sahu; 19. Impact of Environmental Degradation on Human Development – Barun Kumar Thakur; 20. SustainableDevelopment and Human Development as a Two Way Relationship: A Case for Clean Cooking Fuels for Indian Rural Households – Robin Singhal; 21.Challenges in Human Development: A Case Study of West Bengal – Mitrajit Chatterjee; 22. Travel and Tourism Competitiveness Index and HumanDevelopment – Y. Venkata Rao and B. Thrinadha Rao; 23. Gender Discrimination in the Recognition of Work and Earnings in Rural India – SwarnaSadasivam Vepa; 24. Factors behind Low Yield of Rice in Assam – Dipali Bosumatari and Phanindra Goyari.

Index

Key Backlist...2009 and 2010

Key Backlist...2009 and 2010A

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Industry and InfrastructureDevelopment in India Since 1947By Anup Chatterjee, Associate Professor, Departmentof Economics, A.R.S.D. College, University of DelhiK. Narindar Jetli, GM (HRD) Jaquar & Co. Delhi

After 60 years of development efforts, India ispresently one of world’s fastest growing economies. Inthe last few years, it has emerged as a global economicpower, the leading outsourcing destination and afavourite of international investors. In India, the tilttowards economic liberalisation started in 1985 whenGovernment announced a series of measures aimed atderegulation and liberalisation of industry. Thesemeasures, described as New Economic Policy, werefollowed by drastic changes introduced by the 1991Industrial Policy Statement of the Government.

By and large, Indian industry has upgraded technology and product quality to asignificant degree and met the challenge of openness after being protected for solong. The Competition Act, 2002 passed by the Parliament seeks to establish a pro-competitive legal framework, contain anti-competitive practices and abuses ofdominance and yield better regulation of markets. Micro, Small and MediumEnterprises Development Act, enacted on June 16, 2006, provides the first-ever legalframework recognising the concept of enterprise (comprising both manufacturingand service entities) and gives an investment-based definition to the three terms.

Similarly, various initiatives have been taken for the development ofinfrastructure. India Infrastructure Finance Company Limited (IIFCL) wasincorporated on January 5, 2006 to lend funds of longer term maturity, directlyto the eligible projects to supplement other loans from banks and financialinstitutions. Electricity Act, 2003 recognizes trading of power as a distinct activityand permits State Electricity Regulatory Commissions (SERCs) to allow openaccess in distribution of electricity in phases that would ultimately encourageefficiency and competition. Rajiv Gandhi Grameen Vidyutikaran Yojana ((RGGVY)was launched by the Prime Minister on April 4, 2005. This scheme is for ruralelectricity infrastructure and household electrification.

On August 15, 2002, the Prime Minister approved an important initiative calledNational Rail Vikas Yojana to put Indian Railways on the path of fast track growth.The National Highways Development Project (NHDP)¾the largest highway projectever undertaken by the country¾is being implemented by the National HighwaysAuthority of India (NHAI). New Telecom Policy (NTP), 1999 provides the basicframework for the future development and growth of the telecom sector in thecountry. Special Economic Zones Act, 2005 seeks to promote value additioncomponent in exports, generate employment and mobilize foreign exchange.

Part I of the book contains 10 chapters which trace developments in differentaspects of industrialization during the post-Independence period and explain keyreform measures undertaken for making Indian industry internationallycompetitive. Part II consists of 7 chapters which deal with various facets ofinfrastructure development in India. Part III provides year-wise review of problems,policies and progress of industry and infrastructure in India, covering the period1947-48 to 2008-09. Part IV consists of appendices which provide relevantmaterial on different aspects of Indian industry and infrastructure. Part V containsglossary of terms related to industry/infrastructure.

Information Technology (IT) in theIndian Economy – Policies, Prospectsand ChallengesEdited by M.S. Bhatt,,,,, Professor and Head,Department of Economics, Jamia Millia Islamia, NewDelhi, IndiaAsheref Illiyan, Senior Assistant Professor,Department of Economics, Jamia Millia Islamia, NewDelhi

India has emerged over the last 20 years as themost preferred destination for outsourcing ofInformation Technology (IT) services. The vibrantIT industry is contributing immensely by providinginformation about latest technology andinternational business practices. Various sectors of

the Indian economy, such as industry, finance, insurance, communicationsand transport, have adopted IT in a big way. Trade in IT and IT-enabledservices has been the main driver of growth in India’s trade in services inrecent years.

Starting out with basic data entry tasks, the industry has rapidly acquireda reputation as the primary low-cost destination for voice-based customercontact/support services, finance and accounting, and a range of back-officeprocessing activities. The past few years have seen the scope of these servicesexpanding to include increasingly more complex processes involving rule-based decision making and research/analytics services requiring informedindividual judgment and domain/vertical knowledge.

Indian companies adopt all the modes for supply of IT services abroad. Thelarger companies have set up wholly-owned subsidiaries in USA, UK and theEuropean continent or have opened branches to facilitate the supply of services.Some of them have adopted the strategy of acquiring local companies or enteringinto strategic partnerships with them. They use the quality processes, innovativetechnologies and delivery models of acquired companies to penetrate the localmarket. They have permanent employees or hire consultants based in the hostcountry.

However, there are certain areas of concern which need to be given thedesired policy attention and weightage. Some of these are: (a) sustainabilityof high growth rate of software exports in future, (b) shortage of skilledlabour, (c) low diffusion of information technology in the domestic market,(d) lagging hardware sector, (e) regional concentration and (f) excessivedependence on USA. Hence, there is a need for recasting of approach to thegrowth of IT sector. Dispassionate debate/discussion on the various aspectsof Indian IT sector is a necessary requirement for such a rethink. It is againstthis backdrop that the present volume seeks to provide answers to some ofthe key issues and questions. It consists of 16 research papers, authored byeminent scholars in the field, which have been categorised in the following 3theme parts: Part I: Performance, Challenges and Prospects of Indian ITSector, Part II: Diffusion (Use) of IT into Other Sectors of the Economy andPart III: Social Aspects of IT Sector.



978-81-7708-205-0

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Price: Rs. 1260

Special Economic Zones (SEZs) in India – Lessons from ChinaBy Geeta Das, Chartered Accountant, New Delhi

Economic growth of China in recent years has been unprecedented. Its success is attributed to the strategy of developing SpecialEconomic Zones (SEZs). Encouraged by China’s success, many developing countries, including India, are trying to replicate this newstrategy of fast-track development.

SEZs are geographical regions in a country subject to economic laws which are liberal than typical economic laws of that country. SEZcan be deemed as a foreign territory for the purposes of trade operations, duties and tariffs. Units in SEZs enjoy lot of fiscal pampering.

China set up four SEZs in the late 1970s on experimental basis to attract foreign capital, technology and managerial expertise. This waspart of Chinese model of export-led growth. Many in India believe that SEZs will create thousands of skilled and semi-skilled jobs in export-oriented industries and services and ensure double-digit growth rate in the future.

The recent initiative of the Government of India to set up SEZs on the pattern of China is a welcome change in the strategy for economicdevelopment and export promotion. The move is a bold departure in the basic approach to development efforts. It is an acknowledgement ofthe potential of export-led development strategy.

This book describes and examines the policy initiatives pertaining to SEZs in India. It also presents a comparative view of the economiesof India and China with focus on SEZs as vehicles of faster economic development.

July 2009

Pages: 270


978-81-7708-202-9

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Price: Rs. 675

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978-81-7708-207-4

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Price: Rs. 1940

Foreign Trade Policy and Trends inIndia – 1947-48 to 2008-09By Vibha Mathur, Associate Professor, Departmentof Commerce, Jesus and Mary College, University ofDelhi, Delhi

Since early 1990s world economies havewitnessed a paradigm shift towards market-orientedeconomic policies and a careful dismantling ofobstacles in international trade. This has helpeddeveloping countries like India to gain access toworld markets, modern technologies andcollaborations. This has also given them a windowto the developed world and helped them tounderstand the significant role of foreign trade asan effective instrument of economic growth andemployment generation. Beginning 1991, Government of India has introduceda series of reforms to liberalise and globalise the Indian economy. Reforms inthe external sector have helped to integrate India with the world economy.

In recognition of the growing importance of foreign trade in the Indian economy,this book provides a comprehensive description and analysis of post-Independencedevelopments in India’s foreign trade and allied sectors with focus on post-1991period.

The book covers the following specific topics:• Changing Pattern of International Trade• Pre-and Post-Independence Developments in India’s Foreign Trade• Compositional and Directional Shifts in Exports from India• Compositional and Policy Shifts in Imports into India• Foreign Trade Policy in Recent Years• Rationalisation, Simplification and Moderation of Customs Tariff Regime• Current Account Convertibility and Flows• Capital Account Convertibility and Flows• Exchange Rate Determination and Management• Foreign Exchange Reserves• External Debt and Aid• Foreign Direct Investment (FDI) % Foreign Portfolio InvestmentThe book provides special coverage to the following topics:• Globalisation and International Trade• Global Economic Crisis and International Trade• India’s Regional Trade Agreements (RTAs)• World Trade Organisation (WTO) and India’s Foreign Trade• Global Economic Crisis and the Indian EconomyBesides, it contains annual review of developments in India’s foreign trade

from 1947-48 to 2008-09; 7 appendices containing relevant information onIndia’s foreign trade; glossary of trade-related terms and time-series statisticsof India’s foreign trade.

Budgets and Budgetary Proceduresin India – 1947-48 to 2009-10By M.M. Sury, President, Indian Tax Foundation(ITF), New Delhi. (Formerly, Senior Reader inEconomics, University of Delhi, Delhi)

As a financial blueprint of a government, budgetis an important instrument to carry out its policiesand programmes. It is through the budget that agovernment arranges financial resources andallocates them among competing uses. Governmentbudgeting is a subject of increasing importance andinterest in India. The high level of administrative,welfare and developmental activities of the CentralGovernment make for colossal amounts of bothreceipts and disbursements. Such large-scale public

transactions through the budget affect the economy in various ways.This book provides an exhaustive and analytical account of budgetary

developments in India since Independence in 1947 with focus on post-1991reforms. The work is organized into 8 parts, each part containing chapters/information dealing with some aspect of budgetary policy in India.

Part I explains the economic role of modern governments, particularly indeveloping countries. It describes various reasons for state intervention inthe working of an economic system with special reference to the provision ofpublic goods. Modes of state intervention are also explained. Furthermore, itprovides conceptual framework for budgetary techniques.

Part II of this work explains (a) constitutional provisions and parliamentaryprocedures and controls applicable to the budgetary exercise of the Governmentof India, (b) structure of the Central Government budget, (c) functional,economic and cross-classification of the budget and (d) recent budgetaryreforms in India including gender budgeting.

Part III is devoted to taxes, expenditure, subsidies and debt liabilities ofthe Central Government. It also includes taxes of the State Governments.

Part IV explains the nature of Centre-State and State-Local financialrelations in India and the existing arrangements for inter-governmentalfinancial transfers.

Part V contains highlights and summary of each Central Government budgetfrom 1947-48 to 2009-10.

Part VI consists of 12 Appendices which provide supplementary informationrelated to the budgetary exercise of the Government of India.

Part VII contains glossary of budgetary terms.Part VIII provides time-series budgetary data of India.This work would prove useful for the students of economics, commerce,

public administration and business management. An understanding of themechanics of governmental financial transactions will also serve the needs oflegislators, administrators and those in industry and trade.



978-81-7708-204-3

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Price: Rs. 2180

Asian Economic and Financial Integration in Global FrameworkBy Pradeep S. Chauhan, Fellow, South Asian Study Centre, St. Antony’s College, University of Oxford, U.K.

This book analyzes the nature of Asia’s merging regionalism, providing a basis for understanding its dimensions and further discussion onways to move forward. The dynamic and outward-looking style of Asian regionalism can have a significant impact in an inreasingly globalizedworld. Regionalism can be a stabilizing factor when shocks arise, whether region-based or externally-imposed. Reflecting the diversity ofeconomies and their histories, regional integration follows markedly different patterns across the world. Europe has a long history of regionalintegration, underpinned by a strong institutional framework. North America has chosen a free trade area arrangement that does not foreseethe creation of supranational institutions. In Latin America, the initial objectives of a common market and coordinated economic policies ofMercado Commum de Sur (MERCOSUR) have suffered setbacks caused by financial turbulence in the region in the late 1990s. In Asia, tradeintegration has progressed at a rapid pace based on the exploitation of intra-regional comparative advantages.

The book examines all these global economic and monetary integration processes focusing on Asian monetary and financial integration.What is the status of integration in Asia in monetary, financial, trade and production networks? These aspects have been discussed andcompared with successful European economic and monetary integration. To give a more extensive view to the readers, separate chaptershave been included on North American Free Trade Agreement (NAFTA), MERCOSUR and African Economic and Monetary Integration.The work is useful for students, researchers, policy makers and all others who want to understand and assess the status, processes andchallenges of economic and monetary integration.

September 2009

Pages: 382 • 5¾ x 9

Hardbound

978-81-7708-224-1

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Price: Rs. 890

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Key Backlist...2009 and 2010Foreign Trade, Public Finance and G

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Right to Information (RTI) and RuralDevelopment in IndiaEdited by Sudhansu Sekhar Mishra, UNSMohavidyalaya, Khairabad, Mugupal, Jajpur, OrissaSudhansu Kumar Das, Lecturer in Commerce,Sadhu Goureswar College, Kanikapada, Jajpur, OrissaRajan Kumar Sahoo, B.S. College, Nuahat,Arakhpur, Jajpur

Since Independence in 1947, numerous programmesand schemes have been launched and massive amountsspent for the development of rural areas of India touplift rural masses. However, the overall socio-economicconditions of rural people continue to be unsatisfactory.Rural India is still marked by many vulnerabilities likehigh incidence of poverty, unemployment, illiteracy,malnutrition and related diseases, poor infrastructure

among others. The failure is attributable chiefly to the faulty implementationof development and welfare programmes which remain shrouded in mysteryand bureaucratic delays. The enactment of the Right to Information (RTI)Act 2005 was a landmark in the history of administration in India. The newlegislation has brought sensitivity, responsibility and accountability to thedevelopment process in the rural areas. RTI Act is path-breaking in controllingcorruption and delays in the implementation of government-sponsoredprogrammes and in the functioning of public authorities. The present bookcontains 18 research papers contributed by researchers, social thinkers andacademicians. They have studied the scope, different provisions, strengthsand shortfalls of the RTI Act and made valuable suggestions to make thecommon man partner in the development efforts for rural India.

September 2009

Pages: 224 • 5¾ x 9

Hardbound

978-81-7708-214-2

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Price: Rs. 585

Venture Capital Funding – Global andIndian ExperiencesBy Vandana Panwar, Assistant Professor, Departmentof Management Studies, Takshilla Institute of Engineeringand Technology, Jabalpur, Madhya Pradesh

Venture capital funding is an increasingly importantarea for entrepreneurial ventures in both industrializedand developing countries. Venture capital has becomeespecially important in India in developing informationtechnology (IT) sector.

Venture capital is a form of equity financing in whichthe investor actively participates in the venture beingfinanced. Although the concept as such is very old, aformal market for venture capital in the US startedonly after World War II. A venture capital firm managesfunds provided by investors and directs them to themost promising ventures, mainly in the form of equity.

This volume, which includes 13 case studies, provides an exhaustive accountof the theory and practice of venture capital firms. The reader will gain insightinto the operation of venture capital funding in India. The book examines indetail the contracts between venture capital firms and entrepreneurs todetermine what provisions are included in these contracts that help in decision-making such as appraisal, screening, self-selection, monitoring, incentivizingand divestment. Experiences of other countries in managing venture capitaloperations are also explained in the book.

September 2009

Pages: 334 • 5¾ x 9

Hardbound

978-81-7708-222-7

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Price: Rs. 770

Banking, Micro Finance and Self-helpGroups (SHGs) in IndiaEdited by A. Vijayakumar, Reader, Faculty ofCommerce, Erode Arts College, Erode, Tamil Nadu

Prior to initiation of reforms in 1991, Indian bankingindustry suffered from lack of competition, low capitalbase, inefficiency and high intermediation costs. Eversince the bank nationalisation of 1969, the banking sectorhad been dominated by the public sector along with ahigh degree of financial repression characterised byadministered interest rates and allocated credit.

Banking sector reforms of the last two decades haveplaced greater emphasis on structural measures andimprovement in standards of disclosure and levels oftransparency in order to align the Indian standardswith international best practices. Reforms have broughtabout considerable improvements as reflected in various parameters relatingto capital adequacy, asset quality, profitability and operational efficiency. Thekey objective of reforms in the banking sector in India has been to enhancethe stability and efficiency of banks.

An outstanding feature of banking sector reforms in India has been theemergence of micro credit as the most suitable and practical alternative tothe conventional banking in reaching the hitherto unreached poor population.The Self-help Group (SHG)-Bank Linkage Programme was formally launchedin the year 1992 as a flagship programme by National Bank for Agricultureand Rural Development (NABARD) and aptly supported by the Reserve Bankof India (RBI) through its policy support.

This book contains 25 research papers focusing on varied aspects of Indianbanking, micro finance and SHGs penned with an in-depth analysis byacademics and research scholars and duly edited by a renowned author. Thebook will be of immense help to all those interested in the study of newinnovations in Indian banking in the changing global business scenario.

July 2009

Pages: 354


978-81-7708-209-8

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Price: Rs. 790

Modern Banking in India – Dimensions

and RisksEdited by R.K. Uppal, Head, Department of Economics,DAV College, Malout, PunjabBishnupriya Mishra, Professor of Finance, KrupajalaGroup of Institutions, Bhubaneswar

The key objective of reforms in the banking sectorin India since early 1990s has been to enhance thestability and efficiency of banks. The enactment of theSecuritisation, Reconstruction of Financial Assets andEnforcement of Security Interest (SARFAESI) Act,2002 was an important landmark in the ongoingreforms in the financial sector. The Act enables thesetting up of asset management companies, addressingthe problem of non-performing assets (NPAs) of banksand financial institutions and enhancing creditor rights.

In the Indian context, the financial sector, especially the banking sector,has been a major beneficiary from the inroads made by Information Technology(IT). However, Technical characteristics of internet technology have raisednew concerns for both bankers and supervisors. Bankers have identifiedsecurity risk as a primary concern relating to E-banking. External threatssuch as “hacking”, “sniffing”, “spoofing” and “denial of service” attacksexpose banks to new security risks.

The present volume contains 16 well-researched papers dealing withdifferent aspects of current banking practices in India. The papers, authoredby experts in the field, explain and evaluate Indian banking system in theliberalised regime and offer policy recommendations for improving efficiencyof banks to achieve standards comparable to best international practices.This work, it is hoped, would prove immensely useful to academicians as wellas practitioners in the field.

July 2009

Pages: 278


978-81-7708-212-8

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Price: Rs. 660

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July 2009

Pages: 388


978-81-7708-208-1

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Price: Rs. 875

Globalisation and the Indian EconomyEdited by Ravi Prakash Yadav, Faculty, Departmentof Industrial Relations and Personnel Management, T.M.Bhagalpur University, Bhagalpur

National policies–economic, social and cultural–thatuntil recently were determined by the States and peoplewithin a country have increasingly come under theinfluence of international agencies and processes. Thishas led to the narrowed ability of governments and peopleto make choices from options in economic, social andcultural policies.

Globalisation implies widening and deepeningintegration with the globe, i.e. with people and processesabroad. Globalisation is widely seen as the mostimportant factor that could influence economies ofnations the world over in the new millennium. The rapidadvancement in information technology and

communications has made it not just possible but absolutely essential foreconomies of the world to adapt or fall by the wayside.

The socio-economically disadvantaged are yet to benefit from globalisation.The challenge to overcome the scourge of poverty remains a daunting task. Thesupport of the poor for reforms and their involvement in the development processcan be achieved only if they start benefiting from government policies. On thepositive side, globalisation has compelled developing countries to improve overalleconomic management, and make their economies efficient. Despite distortionsand aberrations, globalisation is a reality. Developments in information andcommunication technologies are unifying markets and people, cutting acrossbarriers of space and time.

This volume is a collection of 26 academic and research papers contributed byscholars in the field belonging to reputed universities and centres of academicexcellence in India. This work, it is hoped, will generate meaningful debate anddiscussion on this topical subject affecting the lives of the people across the board.

Business Environment in India –Some AspectsEdited by R.K. Uppal, Head, Department of Economics,DAV College, Malout, PunjabBishnupriya Mishra, Professor of Finance, KrupajalaGroup of Institutions, Bhubaneswar

Business environment in India has improvedconsiderably after the initiation of economic reforms inearly 1990s. Domestic and foreign investors are findingit easier to do business after the reforms which are aimedat reorientation of the centrally controlled economy to amarket-oriented one in order to foster greater efficiencyand growth. This is being done by introducing greatercompetition in the economy through progressive internalderegulation accompanied by external competitionpromoted by foreign direct investment and tradeliberalisation. No area of the Indian economy has beenas much influenced by the impulses of reforms as the industrial sector.

The financial turmoil which surfaced in August 2007 in the US financialsystem has also adversely hit the Indian economy. Ever since the initiation ofeconomic reforms, India is more integrated into the world economy than everbefore. Compared to other emerging economies, India has several strengthsthat can help mitigate the adverse effects of the global economic crisis providedappropriate policy action is initiated.

It can safely be said that in spite of the global meltdown, Indian economyremains robust and offers ample opportunities for business, both to the domesticand foreign entrepreneurs.

This work comprises 21 research papers dealing with various aspects ofcurrent business scenario in India. The papers, authored by experts in the field,examine economic policies of the Indian Government and throw up issues fordiscussion among academicians, policy makers and others interested in latesttrends in the Indian economy.

July 2009

Pages: 324


978-81-7708-213-5

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Price: Rs. 670

Micro, Small and Medium Enterprises(MSMEs) in the Indian Economy –Business Development StrategiesBy Pooja, Lecturer, Department of Commerce(Udhampur Campus), University of Jammu, Jammu

Small enterprises exist in the form of factories,workshops, trading and service organisations and rangefrom the most modern to the simple and traditionalunits. The operational range varies from independententerprises to ancillaries, sub-contractors and vendorsengaged in catering to the needs of the markets,extending from the domestic to the global horizon. Theseenterprises exist in various forms such as proprietorship,partnership, companies or co-operatives. Though themain objectives of small enterprises are almost thesame, they are defined and viewed differently in different

countries.Prior to the enactment of the Micro, Small and Medium Enterprises

Development (MSMED) Act, 2006, small industries in India comprised tiny,cottage, traditional, village and modern small enterprises. These enterpriseswere fragmented across various Ministries/Departments of the Government ofIndia for the purpose of development schemes and concessions. In order tostreamline procedures, correct discrepancies and avoid neglect of certain sectors,MSMED Act was enacted on June 16, 2006. This Act provides the first-everlegal framework recognising the concept of enterprise (comprising bothmanufacturing and service entities), defining medium enterprises and integratingthe three tiers of these enterprises, namely micro, small and medium.

This book deals with various aspects of the development of small enterprisesin India, including their advantages, performance and problems. Moreimportantly, it suggests measures which would enhance the competitivenessof small enterprises in order to enable them to compete in the globalisedworld.

September 2009

Pages: 216 • 5¾ x 9

Hardbound

978-81-7708-219-7

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Price: Rs. 545

Global Economic Crisis and the IndianEconomyBy M.M. Sury, Formerly, Senior Reader in Economics,University of Delhi, Delhi

Financial turmoil which surfaced in August 2007 inthe US financial system—as a result of defaults of sub-prime mortgage loans—has blown into anunprecedented financial crisis engulfing internationalmoney, credit, equity and foreign exchange markets. Itwas preceded by an extended phase of buoyant worldeconomy characterized by output expansion, burgeoningworld trade, favourable financial and economicconditions, liquidity overhang and low interest rates.Economists termed it as a period of Great Moderation.

The Great Moderation soon turned into GreatDismay when global financial confusion—simmeringsince August 2007—began unleashing its full fury in September 2008 with aseries of failures of major financial institutions. The crisis has traversed fromthe financial to the real sector and it now looks like that the recession—which is keeping world governments on tenterhooks—will be deeper and therecovery longer than earlier anticipated. Though adversely affected by globalmeltdown, Indian economy has shown considerable absorption capacity andresilience.

This book is all about current economic crisis, its origin, causes, impact,world response, world economic outlook and lessons to be learnt. The focusof the work, however, is on the impact of global economic crisis on India andthe policy response by the Government of India, Reserve Bank of India (RBI),Securities and Exchange Board of India (SEBI) and other agencies. Beingtopical, the work will interest a cross-section of readers including teachersand students of economics, commerce, management and also political leaders,analysts, academicians and laypersons who are mystified about a subjectunrelated yet close to them.

September 2009

Pages: 204 • 5¾ x 9

Hardbound

978-81-7708-225-8

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Price: Rs. 495

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Mergers, Acquisitions and CorporateRestructuring in India – Procedures andCase StudiesBy Rachna Jawa, Associate Professor, Department ofCommerce, Shri Ram College of Commerce (SRCC),University of Delhi

Corporate sector in India is undergoing structuralchanges as a result of liberalisation, privatisation andopenness policies of the Government since early 1990s.Competitive pressures are high not only due toderegulation but also due to globalisation. Along withthe rise in the number of Merger and Acquisition (M&A)deals, the amount involved in such deals has risen overtime. There is also an increase in the number of openoffers, albeit at a lower pace.

Cross-border mergers and acquisitions are becomingpopular as transnational corporations take advantage

of widespread liberalisation and deregulation in an effort to gain market shares,consolidate operations, improve efficiency and dilute the costs associated withinvesting in research and development and information technology.

In India, while the provisions of Companies Act, 1956, govern mergers andamalgamations of domestic companies, acquisition of companies comes underthe provisions of Takeover Code of Securities and Exchange Board of India(SEBI). In the case of foreign companies, while share acquisitions/takeoversrequire the approval of Foreign Investment Promotion Board (FIPB), mergers/amalgamations require the approval of both the FIPB and the Reserve Bankof India (RBI).

The present work deals with procedures and processes involved in financialrestructuring of companies through mergers and acquisitions. Moreimportantly, it contains 10 case studies of restructuring through mergers andacquisitions that have taken place in India during the last decade. The work,based on extensive statistical exercises, brings out the major issues that actuallycrop up in a restructuring exercise. The book, it is hoped, will enhance theunderstanding of the subject which has assumed added significance in thewake of liberalisation and openness wave sweeping across the world.

July 2009

Pages: 272


978-81-7708-210-4

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Price: Rs. 640

Consumer Behaviour and RuralMarketing in IndiaBy Meenu Agrawal, Reader and Head, Department ofEconomics, GDM Girls (PG) College, Modinagar

The ultimate objective of all production isconsumption for the satisfaction of varied needs of man.A free market economy provides freedom to theconsumers to buy and consume goods of their choice.Buying preferences of the consumers send signals to theproducers to produce various commodities in requiredquantities. Producers, therefore, produces only thosecommodities which are desired by the consumers.Consumer behaviour is related to likes and dislikes andexpectations of the consumers.

Consumer behaviour has changed in recent years owingto enhanced awareness, information technology and moreimportantly governmental intervention throughlegislations. Thus, the manufacturers are more cautious in dealing withconsumers of their respective products.

The rural consumers in India account for about 73 percent of the totalconsumers. In recent years, the lifestyle of a large number of rural consumersin India has changed dramatically and the process of change is on. The buyingbehaviour of the rural consumers is influenced by several factors such as socio-economic conditions, cultural environment, literacy level, occupation,geographical location, efforts on the part of sellers, exposure to media etc.

The consumer movement in India till now has been confined to the middle classcitizens in urban areas. It has yet to spread among the masses in rural areas. Thisbook is an effort to understand buying behaviour of rural masses which is influencedby a host of diverse factors. The work is useful to understand the Indian ruralconsumer psyche in order to formulate an appropriate marketing strategy.

September 2009

Pages: 218 • 5¾ x 9

Hardbound

978-81-7708-215-9

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Price: Rs. 575

Population, Environment andDevelopment –A Global Challenge for the 21st CenturyEdited by B.R.K. Sinha, Professor of Geography,Faculty of Science, Banaras Hindu University (BHU),Varanasi, India

Human and natural resources are the basis of alleconomic activities. Economic activities in turn affectthe quantity and quality of natural and environmentalresources. Economic activities change the stock ofnatural resources. The change of stock calls forappropriate trade-off between the needs of presentand future generations. Economic growth withoutenvironmental considerations can cause seriousdamage to the quality of life of the present and futuregenerations.

The concept of sustainable development advocates economic progress in anenvironmentally responsible manner. Sustainable development attempts to strikea balance between the demands of the economic development and the need forprotection of the environment. It seeks to combine the elements of economicefficiency, intergenerational equity, social concerns and environmental protection.

This book is a collection of essays penned by an international group ofdistinguished scholars from the United States, Canada, United Kingdom,Hungary, Romania, South Korea, Japan and India. Contributions included inthis book focus on interaction between population, environment and developmentin various areas of the world.

The book provides fresh thoughts and broad understanding of the current issuesand challenges to be faced in the present century pertaining to complex inter-relationships between population, environment and development. It makes asignificant departure from the existing pattern of literature available on the subject.

This book brings together the ideas of scholars in the field of population,environment and development. Their respective contributions are socially relevantfor the contemporary society. The book is useful for a cross-section of readersincluding geographers, demographers, environmentalists, development economists,legislators and others interested in the dynamics of modern growth process.

September 2009

Pages: 408 • 7½ x 9¾

Hardbound

978-81-7708-217-3

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Price: Rs. 1370

Environmental Accounting andReporting –Theory, Law and Empirical EvidenceBy Shuchi Pahuja, Associate Professor, PGDAV College,University of Delhi, Delhi

The last two decades have witnessed an increasingglobal concern for the harmful long-term impact ofindustrial activities on the environment andsubsequently on financial performance of a companyand economic growth of a country. This has led to agrowing demand from various stakeholders formeasurement of a company’s environmental activitiesand impacts, and subsequent public disclosure of thisinformation. As a result, a new area of accounting hasemerged, viz. environmental accounting.

Environmental accounting at corporate level dealswith identification, measurement, recognition and disclosure of environmentalcosts, liabilities and contingencies in the financial records of a company forthe benefit of various internal and external stakeholders.

This book provides a broad introduction to the whole area of environmentalaccounting and reporting (EAR). It covers environmental accounting,environmental reporting, and environmental auditing together as these areinterrelated and form a very important part of a company’s comprehensiveenvironmental management system. An attempt has also been made to assessthe need for a separate regulatory framework to address these issues morespecifically.

September 2009

Pages: 334 • 5¾ x 9

Hardbound

978-81-7708-220-3

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Price: Rs. 790

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Women Empowerment through WorkParticipationBy Tinku Paul, Research Officer, G.B. Pant SocialScience Institute (GBPSSI), Jhusi, Allahabad

With the growing globalization and liberalization ofthe Indian economy as well as increased privatizationof services, women as a whole have been left behindand not been able to partake the fruits of development.Mainstreaming of women into the new and emergingareas of growth is imperative. This will require trainingand skill upgradation in emerging trades, encouragingmore women to take up vocational training andemployment in the booming sectors.

Work participation of women especially in the ruralcontext is being perceived as a policy prescription forremoval of rural poverty and the much talked aboutfeminization of poverty. Studies prove that female work participation is highlycorrelated with reduction in fertility rates, poverty ratios, enhancement ofliving standards etc. These positive outcomes have often catapulted the policymakers to promote female employment.

The concept of empowerment highly depends on the incorporation of agencycriterion in its assessment. This book is an attempt to unravel the associationbetween female work participation and empowerment of women.

September 2009

Pages: 194 • 5¾ x 9

Hardbound

978-81-7708-221-0

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Price: Rs. 535

Women Empowerment throughEntrepreneurshipBy T. Lavanya, Academic Consultant, SatavahanaUniversity, Karimnagar, Andhra Pradesh

India's Eleventh Five Year Plan (2007-12) hasrecognized-for the first time-that women are not justas equal citizens but as agents of economic and socialgrowth. The approach to gender equity in the Plan isbased on the recognition that interventions in favourof women must be multi-pronged and they must (a)provide women with basic entitlements, (b) address thereality of globalization and its impact on women, (c)ensure an environment free from all forms of violenceagainst women-physical, economic, social andpsychological, (d) ensure the participation and adequate

representation of women at the highest policy levels and (e) strengthen existinginstitutional mechanisms and create new ones for gender mainstreaming andeffective policy implementation.

Any development strategy will be lop-sided without involving women whoconstitute half of the world population. Women entrepreneurship has gainedmomentum since the early 1980s when countries in Asia (particularly Indiaand China) and elsewhere started liberalizing their economies. The resultantglobalization propelled by foreign direct investment, technological innovationsand manufactured exports has brought a wide range of economic and socialopportunities to women entrepreneurs.

The present work deals with various aspects of women entrepreneurshipin India. It also explains the experience of other countries in this regard.Moreover, it examines in detail the activities and problems of womenentrepreneurs in an important State of India, viz. Andhra Pradesh.

2010 • Pages: 230

5¾ x 9 • Hardbound

978-81-7708-227-2

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Price: Rs. 590

Health Tourism in IndiaBy M. Sarngadharan, Professor and Head, Departmentof Commerce, University of KeralaV.S. Sunanda, Selection Grade Lecturer, Post-graduateDepartment of Commerce, Devaswom Board College,Kollam

The quality of service coupled with comparativelylow charges for common surgeries has made India anattractive destination for medical value travel. The mainclientele comes from the neighbouring countries butan increasing number of non-resident Indians (NRIs)settled in the US and the UK have also been availing ofthe healthcare services in India. There is a good prospectof patients coming from the Middle East in future. Thecompetitiveness of India in health tourism is enhancedby the attractiveness of the alternative systems ofmedicine, Ayurveda in particular, for the foreign tourists.

A large number of tourists, both domestic and foreign, undergo treatmentunder Ayurveda not only for improving their fitness and well-being but alsofor curing many types of chronic diseases. The unique position that Keralaenjoys with respect to Ayurveda is due to the fact that the treatment in theState has proved effective in dealing with certain diseases, which are incurableby other systems. The State is also well endowed with herbs and medicinalplants, which are used for treatment. With yoga, meditation, ayurveda,allopathy and natural herbal treatments, India offers a unique basket ofservices to foreign patient-tourists that are difficult to match by other countries.The recent operations of children from Pakistan in Bangalore have not onlyhelped boost the medical economy in the state, but also helped in fosteringgoodwill, peace and harmony between India and Pakistan. The present workdeals with the successful efforts in marketing health tourism productsinternationally, possessing glorious traditions of India.

July 2009

Pages: 208


978-81-7708-211-1

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Price: Rs. 540



978-81-7708-200-5

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Price: Rs. 1890

Health, Family Planning and Nutritionin India – 1951-56 to 2007-12Edited by Rameshwari Pandya, Senior Faculty,Faculty of Family and Community Science, MaharajaSayajirao University of Baroda, Vadodara, Gujarat

At the time of Independence in 1947, health careservices in India were utterly inadequate, urban-based and curative in nature. Majority of thepopulation, especially the poor and those residing inrural areas, did not have access to modern healthfacilities. Consequently, the morbidity and mortalityrates were quite high. Many women died whileseeking abortion to get rid of unwanted pregnancybecause access to contraceptives for preventingpregnancies was not available. Similarly, antenataland postnatal care and services were poor and out of reach for majority ofwomen and their families.

Improvement in the health status of the population has been one of themajor thrust areas in social development programmes of India sinceIndependence. Over the past six decades, India has built up a vast healthinfrastructure and manpower at primary, secondary and tertiary care levelsin the government, voluntary and private sectors manned by professionalsand para-medicals. India has invested massive amounts under the successiveFive Year Plans in medical education, training and research which has ensuredlarge manpower from the super-specialists to the auxiliary midwives.

Considerable achievements have been made to improve health standardssuch as increase in life expectancy, decrease in infant and maternal mortality,and eradication of small pox and guinea worm. Nevertheless, problems abound.Malnutrition affects a large proportion of the population especially womenand children. An unacceptably high proportion of the population continues tosuffer and die from new diseases apart from the existing ones. Pregnancyand childbirth related complications also contribute to the suffering andmortality of women.

This book provides a comprehensive introduction on current status of healthand health-related services in India. It explains the procedures, objectives,achievements and failures of India’s Five Year Plans. More importantly, itcontains Plan-wise documentation of objectives, policies, programmes andachievements in the areas of public health, family planning and welfare,nutrition, sanitation, safe drinking water, clean environment, control of diseases,indigenous systems of medicine, medical education, training and researchand other matters pertaining to health. It also includes health-related statisticsof India.

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Six Decades of Indo-US-Pak RelationsBy B.B. Nagaich, Formerly Director, CPRI, Shimla andAssociate Professor, IARI, New Delhi

This book has been written jointly by a team of fourexperts, Dr. (Professor) B.B. Nagaich, Col. JayantKumar, Attorney Rajiv Nagaich and Ms. ShardaNagaich, all specializing in different fields. It is differentfrom other books on the subject. The current affairsbooks generally deal with limited period and limitedtopics. Normally such books discuss external relations,military and security matters, militancy and terrorismand trade or commerce. Sometimes there is a specialarticle on cultural relations or nuclear issues. Thepresent book, however, is unique as it contains chaptersdealing with varying subjects like diversities in India,Pakistan and the United States; cooperation between

India and US in economic, agricultural and other sectors; US perspective ofIndia and India’s perspective of US; nuclear issues and regional security;Kashmir imbroglio; international terrorism; and strategies of India, Pakistan,US, Russia, and China. The course of events discussed starts from early 1940sand ends with 2009, covering a wide geographical area and a variety ofsubjects.

Thus, not only the spectrum is very wide but the relations (Indo-US-Pak)cover a long span of time, which could only be done by a team composed ofan administrator, a military officer, a financial planner-cum-lawyer and asocial worker. The book is useful for a cross-section of readership includingstatesmen, lawmakers, diplomats, teachers, students, social workers,agricultural specialists, economists, army men and administrators worldwide.

September 2009

Pages: 574


978-81-7708-216-6

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Price: Rs. 1485

Constitution, Government and Politicsin India – Evolution and Present StructureBy Biswaranjan Mohanty, Research Fellow, Centrefor Political Studies, School of Social Sciences, JNU,New Delhi

Before 1947, India was a dependency of theUnited Kingdom and consisted of British India, andthe Princely States. It encompassed the entire areawhich now forms the four countries of India,Pakistan, Myanmar, and Bangladesh.

India inherited a dismal economy from the Britishrulers at the time of Independence in 1947. Owingto poor technological and scientific capabilities,industrialization was limited and lop-sided.Agricultural sector exhibited features of feudal andsemi-feudal institutions, resulting into low productivity. The political systemwas fragmented and the national unity was in danger. Various factors wereresponsible for political problems which were threatening the very existenceof India as a nation.

The Constitution of India adopted on November 26, 1949, became operativeon January 26, 1950. It provides for two layers of Government, one at theCentral level, and the other at the level of the States. A federal polity of thiskind requires division of powers and responsibilities between the Centre andthe States. Hence, the Constitution describes in detail the legislative powersand functions of the two tiers of Government. It is the fountain-head of alllegislations.

India, with a population of more than one billion, is the world’s largestdemocracy. Indian polity consists of three main branches, namely the executive,legislature and the judiciary along with subsidiary branches like politicalparties, statutory institutions etc.

This book presents a comprehensive description and analysis of theconstitution, system of government and dynamics of politics in India, ageographically and demographically vast country inhabited by peopleprofessing different religions, speaking a variety of languages and adhering todiverse socio-cultural ethos.

July 2009

Pages: 612


978-81-7708-199-2

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Price: Rs. 1970

School Education in India – Quality

Improvement TechniquesEdited by S. Kumar, Head, Centre of Advanced Studyin Education and Dean, Faculty of Education andPsychology, The Maharaja Sayajirao (M.S.) Universityof Baroda, VadodaraSujata Srivastava, Senior Faculty Member, Departmentof Education, Faculty of Education and Psychology,The M.S. University of Baroda, Vadodara

Since Independence in 1947, there has been anenormous expansion of school education in India. Theschool segment has adopted and integrated Informationand Communication Technology (ICT) to improvequality and productivity in education. However, theexisting inequalities prevailing in school educationsystem have led to digital divide. Other problems and

challenges facing the system include outdated curriculum, pedagogy, lack ofinfrastructure, dropouts, teachers’ absenteeism, unequal access, laxadministration and slow speed of vocationalization of education. This volumecontains 31 papers, authored by the scholars in the field of education, whichfocus on various dimensions of school education in India. It is designed to actas a reference book for students of Bachelors in Education (B.Ed.), Mastersin Education (M.Ed.), Post-graduate diploma in Education, Masters inEducational Management and other related courses. The contents of thisvolume would also give a deep insight to school teachers, school principals,college and university teachers, educational administrators, policy-makers,policy-planners, scholars, academicians, trainers, field-workers and all thosewho are related to the spread and improvement in educational standards.The volume is organized into 3 theme parts, each part containing papersrelated to a particular theme.

2010 • Pages: 342


978-81-7708-226-5

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Price: Rs. 790

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Regional Rural Banks (RRBs) in IndiaEdited by Meenu Agrawal, Reader and Head,Department of Economics, GDM Girls (PG) College,Modinagar

Regional Rural Banks (RRBs) were started in 1975to cater to the needs of rural economy of India. Theypay particular attention to the credit requirements ofsmall farmers, artisans and agricultural workers. Theyoperate mainly at the district level. RRBs have a specialplace in the multi-agency approach adopted to provideagricultural and rural credit in India. The capital ofRRBs is contributed by the Central Government,concerned State Government and a sponsor bank inthe ratio 50:15:35. This book contains 18 paperscontributed by scholars in the field of rural institutionalfinance. The papers examine almost every aspect ofthe functioning of RRBs including geographicalcoverage, clientele outreach, business volume and contribution to thedevelopment of the rural economy.

September 2009

Pages: 270


978-81-7708-223-4

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Price: Rs. 685



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35ChecklistNEW TITLES – 2010 and 2011

Banking Reforms and Productivity inIndiaby Medha P. Tapiawala; Rs. 590Contemporary West Asia – Politics andDevelopmentedited by Anwar Alam; Rs. 790Co-operative Banks in India –Functioning and Reformsby Amit Basak; Rs. 495Essays in Social and EconomicDevelopmentby Paul Streeten; Rs. 1485Finance Commissions and FiscalFederalism in India – First FinanceCommission (1952-53 to 1956-57) toThirteenth Finance Commission (2010-11 to 2014-15)by M.M. Sury; Rs. 2165Financial Decentralization, PanchayatiRaj Institutions (PRIs) and RuralDevelopment in Indiaby Mohd. Azam Khan; Rs. 535Financial Derivatives in Indiaby Jagadish R. Raiyani; Rs. 560Financial Institutions and FinancialMarkets in India – Functioning andReformsby Niti Bhasin; Rs. 2090Financial Ratios and Financial StatementAnalysisby Jagadish R. Raiyani; Rs. 560Fiscal Policy, Decentralization andEconomic Growth in Indiaby Pradeep S. Chauhan; Rs. 740Foreign Policy of India – Continuity andChangeedited by Mohanan B Pillai et al.; Rs. 1530Global Financial Crisis and the IndianEconomyedited by S. Asokkumar; Rs. 545Global Meltdown – Regional Impactsedited by Nandita Sethi et al.; Rs. 880Global Recession and Indian EconomicDevelopmentedited by S. Asokkumar; Rs. 560Healthcare Management in Indiaedited by S.K. Srivastava; Rs. 1330Human and Natural Resources of Indiaby K. Narindar Jetli; Rs. 730Human Development in India –Challenges and Policiesedited by Himanshu Sekhar Rout et al.;Rs. 1085India, Global Powers and West Asiaedited by Anwar Alam; Rs. 690India: Sixty Years of Planned EconomicDevelopment – 1950 to 2010by M.M. Sury et al.; Rs. 1690Indian Agriculture and Information andCommunications Technology (ICT)edited by M. Hilaria Soundari; Rs. 590Indian Economy – A Performance Review– 1947-48 to 2010-11by Chandra Shekhar Prasad; Rs. 2330

International Trade and Economic Co-operation – India’s Approach andPerspectivesby Gautam Murthy; Rs. 585Life Insurance in Indiaby R. Haridas; Rs. 535Marketing of Services - QualityDimensionsby Garima Gupta; Rs. 630Micro Credit, Self-help Groups (SHGs)and Women Empowermentby Neeta Tapan; Rs. 665Micro Finance and India’s RuralEconomyedited by Sudhanshu Kr. Das; Rs. 535Monetary and Credit Management inIndiaby Anup Chatterjee; Rs. 685Nehru and Modern India – An Anatomyof Nation-buildingedited by G. Gopa Kumar; Rs. 580Non-banking Financial Companies(NBFCs) in India – Functioning andReformsby Jafor Ali Akhan; Rs. 570Poverty Eradication and DevelopmentThrough Innovationsedited by Babita Agrawal; Rs. 685Regional Disparities in India’s Socio-economic Developmentedited by Kanak Kanti Bagchi; Rs. 670Rural Banking in Indiaby Manas Chakrabarti; Rs. 545School Education in India – QualityImprovement TechniquesEdited by S. Kumar and Sujata Srivastava;Rs. 790Small-scale Industries in Indiaby K.R. Vijayarani; Rs. 490Stock Market in India – Working andReformsby Saloni Gupta; Rs. 780West Asia – Civil Society, Democracy andStateedited by Sujata Ashwarya Cheema; Rs. 690Women Empowerment ThroughEntrepreneurshipBy T. Lavanya; Rs. 590Women in the Unorganized Sector of Indiaby Rameshwari Pandya et al.; Rs. 490Women, Employment and Empowermentby Tinku Paul Bhatnagar; Rs. 560World Order, Multipolarism andTerrorismby Debidatta A. Mahapatra; Rs. 695WTO and Small Enterprises in Indiaby K. Padmanabhan; Rs. 585WTO, Globalization and IndianAgricultureedited by Mohd. Iqbal Ali; Rs. 545

Titles – 2009

Agriculture and Rural Development inIndia Since 1947by Chandra Sekhar Prasad; Rs. 1880

Asian Economic and FinancialIntegration in Global Frameworkby Pradeep Chauhan; Rs. 890Banking, Micro Finance and Self-helpGroups (SHGs) in Indiaedited by A. Vijayakumar; Rs. 790Budgets and Budgetary Procedures inIndia, 1947-48 to 2009-10by M.M. Sury; Rs. 2180Business Environment in India - Some Aspectsedited by R.K. Uppal; Rs. 670Constitution, Government and Politics in Indiaby B. Mohanty; Rs. 1970Consumer Behaviour and RuralMarketing in Indiaby Meenu Agrawal; Rs. 575Corporate Governance in Indiaby Sunita Sharma; Rs. 675Environmental Accounting and Reportingby Shuchi Pahuja; Rs. 790Environmental Economics in Indiaby V.S. Ganesamurthy; Rs. 530Foreign Trade Policy and Trends in India,1947-48 to 2008-09by Vibha Mathur; Rs. 1940Global Economic Crisis and the IndianEconomyby M.M. Sury; Rs. 495Globalisation and the Indian Economyedited by R.P. Yadav et al.; Rs. 875Health Tourism in Indiaby M. Sarngadharan; Rs. 540Health, Family Planning and Nutritionin India, 1951-56 to 2007-12edited by Rameshwari Pandya; Rs. 1890History of Economic Thought - AncientTimes to Modern Timesby V.V. Reddy; Rs. 785Human Development - Dimensions andStrategiesedited by H.S. Rout; Rs. 960India-China Relations - Dimensions andPerspectivesby Bhawna Pokharna; Rs. 790Industry and InfrastructureDevelopment in India Since 1947by Anup Chatterjee; Rs. 1940Information Technology (IT) in theIndian Economy - Policies, Prospects andChallengesedited by M.S. Bhatt; Rs. 1260Iran and Post-9/11 World Orderedited by Anwar Alam; Rs. 660Mergers, Acquisitions and CorporateRestructuring in Indiaby Rachna Jawa; Rs. 640Micro, Small and Medium Enterprises inthe Indian Economy - BusinessDevelopment Strategiesby Pooja; Rs. 545Modern Banking in India - Dimensionsand Risksedited by R.K. Uppal; Rs. 660Monetary, Banking and FinancialDevelopments in India - 1947-48 to 2009-10by Niti Bhasin; Rs. 2080

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ChecklistPopulation, Environment and Development- A Global Challenge for the 21st Centuryedited by B.R.K. Sinha; Rs. 1370Regional Economic Disparities in Indiaby V. Nachimuthu; Rs. 540Regional Rural Banks (RRBs) in Indiaedited by Meenu Agrawal; Rs. 685Right to Information (RTI) and RuralDevelopment in Indiaedited by S.S. Mishra et al.; Rs. 585Rural Development and PovertyEradication in Indiaby N. Mukundan; Rs. 530Six Decades of Indo-US-Pak Relationsby B.B. Nagaiach et al.; Rs. 1485Special Economic Zones in India -Lessons from Chinaby Geeta Das; Rs. 675Venture Capital Funding - Global andIndian Experiencesby Vandana Panwar; Rs. 770Women Empowerment Through WorkParticipationby Tinku Paul; Rs. 535Women, Working Conditions andEfficiencyby Veena Gandotra; Rs. 585

Titles – 2008

Afro-Asian Conflcitsedited by Seema Shekhawat; Rs. 730Agricultural Finance in India - The Roleof NABARDby K. Prabhakar Rajkumar; Rs. 545Banking Services and InformationTechnologyedited by R.K. Uppal; Rs. 570Buyback of Shares in Indiaby Tanupa Chakraborty; Rs. 560Centre-State Financial Relations in India- 1870 to 2010by M.M. Sury; Rs. 1920Commercial Banks in Indiaby Benson Kunjukunju; Rs. 740Customer Relationship Management inIndian Banking Industryedited by R.K. Uppal; Rs. 560Economic Reforms, Unemployment andPovertyby Meenu Agrawal; Rs.630Economic Survey of India, 1947-48 to2008-09by Chandra Sekhar Prasad; Rs. 2270E-governance Techniques - Indian andGlobal Experiencesby B. Srinivas Raj; Rs. 560E-Governance: A ComprehensiveFrameworkby D.N. Gupta; Rs. 1640Empowerment of Women in India:Social, Economic and Politicaledited by V.S. Ganesamurthy; Rs. 690Financial Sector of India - EmergingChallengesedited by R.K. Uppal; Rs. 640

Foreign Investment in India - 1947-48to 2007-08by Niti Bhasin; Rs. 1490Gender and Development in Indiaedited by Himanshu S. Rout et. al.; Rs. 585Human Resources Management -Strategic Challengesedited by G. Narasimha Murthy; Rs. 685Human Resources Management in Indiaedited by V. Sita; Rs. 670Indian Agriculture - Challenges ofGlobalisationedited by A. Vinayak Reddy et. al.; Rs. 740Indian Banking in the Globalised Worldby R.K. Uppal; Rs. 575India’s Five Year Plans: I to XI - 1951-56 to 2007-12 (2 vol.)edited by M.M. Sury et. al.; Rs. 3920 (set)Management Wisdom of Lord Krishnaby Udai Vir Singh; Rs. 885Maritime Security for Indiaby K.R. Singh; Rs. 585Micro Finance and Poverty Eradicationedited by D. Lazar et. al.; Rs. 1870Micro Finance and Rural Developmentin Indiaedited by S.K. Das et al.; Rs. 490New Century’s Dictionary of Bankingand FinanceNew Century; Rs. 585New Century’s Dictionary of EconomicsNew Century; Rs. 680New Century’s Dictionary of InsuranceNew Century; Rs. 580New Century’s Dictionary ofInternational Trade and BusinessNew Century; Rs. 670New Century’s Dictionary of PublicFinanceNew Century; Rs. 660Rural Development in India - Policiesand Initiativesedited by A. Vinayak Reddy et. al.; Rs. 685Services Sector in India - Recent PolicyInitiativesby A. Vijayakumar; Rs. 680US Perceptions of Iran: Approaches andPoliciesby A.K. Ramakrishnan; Rs. 530Women Entrepreneurship in Indiaby R. Vasanthagopal; Rs. 685Women in the Indian Economyedited by V.S. Ganesamurthy; Rs. 530Women Welfare and Empowerment inIndiaedited by Rameshwari Pandya; Rs. 1830

Titles – 2007

Banking and Financial Markets in India,1947 to 2007by Niti Bhasin; Rs. 1660Banking with Technologyedited by R.K. Uppal; Rs. 525

Currency Convertibility: Indian andGlobal Experiencesby Sumati Varma; Rs. 580E-banking in India: Challenges andOpportunitiesedited by R.K. Uppal; Rs. 580Economic Reforms in India: Issues andChallengesedited by B.B. Mansuri et. al.; Rs. 660Economic Reforms, Human Welfare andSustainable Development in Indiaedited by N.C. Nayak et. al.; Rs. 630Emerging India in Asia-Pacificedited by Y. Yagama Reddy; Rs. 790Fiscal Policy Developments in India,1947 to 2007by M.M. Sury; Rs. 1780Foreign Exchange Risk Managementby Nidhi Jain; Rs. 575Globalisation and Development ofBackward Areasedited by G. Satyanarayana; Rs. 625Health Economics in Indiaedited by H.S. Rout and P.K. Panda; Rs. 640India and West Asia in the Era ofGlobalisationedited by Anwar Alam; Rs. 785India: Economic Empowerment ofWomenedited by V.S. Ganesamurthy; Rs. 590India’s Oilseeds Economyby A. Vinayak Reddy; Rs. 580India-West Asia Relationsedited by M.H. Ilias et. al.; Rs. 640Infrastructure Development in India:Post-Liberalisation Initiativesby K. Narindar Jetli et. al.; Rs. 1860Retail Management: Principles andPracticesedited by R. Sudarshan et. al.; Rs. 640Sixty Years of the Indian Economy, 1947to 2007 (2 vols.)by C.S. Prasad et. al.; Rs. 3870 (set)Space, Memory and Jewish NationalIdentityby M.H. Ilias; Rs. 545Supply Chain Managementedited by Jayashree Dubey et. al.; Rs. 670Traditional Industries of India in theGlobalised Worldedited by M. Sarngadharan; Rs. 625Urban Development and Housing inIndia, 1947 to 2007edited by Rishi Muni Dwivedi; Rs. 970Women in India: Issues, Perspectivesand Solutionsedited by Rameshwari Pandya; Rs. 785

Titles – 2006

60 Years of Indian Industry: 1947-2007edited by Anup Chatterjee; Rs. 1560

Balanced Regional Development in Indiaedited by Anita Kumari; Rs. 490

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37ChecklistBanking Developments in India: 1947-2007by Niti Bhasin; Rs. 590Banking Sector Reforms in Indiaby R.K. Uppal; Rs. 490

Communication Services in India, 1947-2007by Vishal Sethi; Rs. 630Consumer Behaviour and ConsumerProtection in Indiaedited by Meenu Agrawal; Rs. 660

Corporate Reporting in Indiaby V.K. Vasal; Rs. 670

Dynamic Management in a GlobalEconomyedited by K.N.S. Kang; Rs. 975Economic Planning in India, 1951-52 to2006-07edited by M.M. Sury et. al; Rs. 1940Fiscal Federalism: Issues and Policiesby Hemlata Rao; Rs. 760Foreign Direct Investment in India,1947-2007by Kamlesh Gakhar; Rs. 585

India: Manpower, Employment Policyand Labour Welfareedited by K. Narindar Jetli; Rs. 1480Indian Banking Industry and InformationTechnologyby R.K. Uppal; Rs. 560

Indian Economy in the Globalised World(2 vol. set)edited by M. Sarngadharan; Rs. 1475 (Set)India-Russia Partnership - Kashmir,Chechnya and Issuesby Debidatta A. Mahapatra; Rs. 575India-West Asia Trade in Ancient Timesby Giridhari Prasad Das; Rs. 775Managing Business Enterprisesby Chitta Ranjan Sarkar; Rs. 640Rural Marketing in Indiaby Ruchika Ramakrishnan; Rs. 535Subsidies in Indiaby Rishi Muni Dwivedi; Rs. 840Taxation in India: 1925-2007edited by M.M. Sury; Rs. 1960Transfer Pricing, Multinationals andTaxationby Ashok Kumar; Rs. 585Water Resources Management - Realitiesand Challengesedited by K. Nageswara Rao; Rs. 685

Titles – 2005

Asset Pricing in Indian Stock Marketby Sanjay Sehgal; Rs. 675Consumer Behaviour: Dynamics ofBuilding Brand Equityby Soma Sen Gupta; Rs. 580Disclosure Practices of Corporate Sectorby Raj Sethi Nangia; Rs. 580Economic Reforms in India: A SectoralAnalysisedited by R.K. Uppal; Rs. 640

Environmental Protection in Indiaby Abhay Kumar; Rs. 480External Sector Reforms in India, 1991-2005by Niti Bhasin; Rs. 690IMF Adjustment Programmes andDeveloping Economiesby O.S. Deol; Rs. 575India and ASEAN: Foreign PolicyDimensions for the 21st Centuryedited by K. Raja Reddy; Rs. 680Indian Economic Development and Businessedited by S.C. Agrawal et. al; Rs. 675Issues in Indian Public Financeby D.K. Srivastava; Rs. 1580Management of Organisational Stressby Uma Gulati; Rs. 460On-Line Marketing: Principles andCurrent Practicesby Gaytri Varma; Rs. 640Regional Economic Cooperation andIntegrationby Sonu Trivedi; Rs. 785Rural Transformation in India: TheImpact of Globalisationedited by A. Vinayak Reddy et. al; Rs. 870Social Responsibility of BusinessEnterprisesby C.R. Sarkar; Rs. 580Strategising Industrial Development inJ & Kby Khursheed Butt; Rs. 770Tourism and Sustainable EconomicDevelopmentedited by M. Sarnagadharan et. al; Rs. 780WTO and India - Development Agendafor the 21st Centuryby Vibha Mathur; Rs. 670

Titles – 2004

Disinvestment of Public SectorEnterprises in Indiaby Vibha Mathur; Rs. 480Good Governance and Developmentby Shefali Kalia; Rs. 560India: Economic Reforms and LabourPolicyby N.K. Jetli; Rs. 560India: Economic Reforms and SocialSectorsby Vibha Mathur; Rs. 540Indian Financial System: Reforms,Policies and Prospectsby Niti Bhasin; Rs. 535Managerial Processes, Team Behaviourand Productivityby Pushpa Gandhi; Rs. 490Regional Security and Regional Cooperationby Bharti Chibber; Rs. 885Small and Medium Enterprises in GlobalPerspectiveby C.S. Prasad; Rs. 590Traditional Exports of Indiaby K.C. John et. al; Rs. 485

Value-Added Tax: Indian and GlobalExperiencesBy Astha Ahuja; Rs. 490

Titles – 2003

Central Asia: The Great Game Replayededited by Nirmala Joshi; Rs. 670Credit Rating in Indiaby Mamta Arora; Rs. 585Emerging Dimensions of Businessedited by Mohi-ud-din Sangmi et. al; Rs. 680Encyclopaedia of Economics andCommerce (2 vol.)edited by S.K. Singh; Rs. 1280 (set)Industrial Relations in India: Ideas,Institutions and Outlookby Aparna Raj; Rs. 580Industrial Relations in Public Sectorby K.K. Jacob et. al; Rs. 560Informal Manufacturing - Conditions andProspectsby Vasudha Joshi; Rs. 585Management of Higher EducationalInstitutionsby N. Rajavel; Rs. 480Management of Working Capitalby Sunita Gupta; Rs. 585Parliamentary Democracy in Indiaby B.K. Tiwari; Rs. 680Relationship Marketingby Gunjeet Kaur; Rs. 470Social Auditing of Environmental Lawsin Indiaedited By Nomita Aggarwal; Rs. 550Stress and Youby Gunjeet Kaur; Rs. 90The Raj Syndrome - A Study in ImperialPerceptionsby Suhash Chakravarty; Rs. 685

Titles – 2002 and before

Income Tax in Theory & Practiceby M.M. Sury; Rs. 485Indian Economy and the WTOby Vibha Mathur; Rs. 585Institutional Finance & Rural Developmentby Benson Kunjukunju; Rs. 580Population Reproductive Health, &Development (2 Vol.)by N. Ravichandran; Rs. 1275 (set)Strategic Management of VentureCapitalby Neelkant Sharma; Rs. 680Women and Law in Indiaby Nomita Aggarwal; Rs. 480India: Labour & Employment Scenarioin the 21st Centuryedited by V.S. Jafa; Rs. 380Management in the 21st Centuryby K. Narindar Jetli; Rs. 480Federal India: Emerging Economic Issuesedited By V.S. Jafa; Rs. 370

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For details of titles in the Checklist (2008 and before), kindly visit www.newcenturypublications.com