Complete Catalogue - 2010-2011 in PDF Format

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elcome to New Century Publications Economics, Commerce, Management, Women Studies and Politics / Foreign Affairs Catalogue for 2010-2011. This catalogue contains information on our
recently released titles and complete listing of other publications including the bestsellers.

ew Century Publications specializes in the publication of
books on economics, commerce, management, women
CONTENTS
1. New Titles in Economics, Commerce and Management Indian Economy General ............................... Globalization / Development / Poverty / .............. Micro Finance Fiscal Federalism / Public Finance ........................ Fiscal Policy / Economic Growth ........................ Financial Intermediation and Markets ................... 2 3 4 5 6
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 and fiscal federalism; monetary policy, financial institutions, financial markets, micro finance, self-help groups (SHGs); manpower, employment policy and labour welfare; human resources and human development; foreign trade and foreign investment and corporate management and consumer studies. This catalogue will help you discover more about New Century as a publisher of quality literature on social sciences. Books marked with this symbol were published between July 2010 and 2011.
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 Studies
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Submissions Proposals on the above-listed subject headings are welcome. These will be considered for publication at our earliest. New Century Book News Our quarterly newsletter, New Century Book News provides information on our new and forthcoming titles. If you wish to receive this newsletter free of cost, please write to us. We would be happy to include your name in our mailing list. How to Order Titles listed in this catalogue can be ordered through your usual booksellers/library suppliers. In case of difficulty in procurement, please call/e-mail/write at the below mentioned contact address.
Women and Employment ................................ 21 Micro Credit / Women Workers ....................... 22 3. New Titles in Politics / Foreign Affairs Foreign Policy Dimensions ................................. 23 West Asia ................................................... 24 International Relations ..................................... 25 4. New Titles in Health Studies Healthcare and Human Development .................. 26 5. Key Backlist...2009 and 2010 .......................... 27 6. Checklist ........................................................ 35
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Indian Economy General
Indian Economy A Performance Review
1947-48 to 2010-11 new
By 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, trade protectionism 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 socalled inward-looking, import substitution strategy of economic development began to be widely questioned with the beginning of 1980s. Policy makers started realising the drawbacks of this strategy which inhibited competitiveness 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 industries were reduced by the 1985 industrial policy. The economic reforms programme got a big boost when the Government announced a new industrial policy in the Indian Parliament on July 24, 1991. Since then, it is liberalisation, privatisation and globalisation all the way and the process is underway. In the new liberalised July 2010 Pages: 690 Hardbound industrial and trade environment, the Government is progressively assuming the role of a promoter, facilitator and catalytic agent instead of a regulator and controller of economic activities. India is now Asias third largest 7 x 9 ISBN: 978-81-7708-240-1 economy and has the worlds fourth largest foreign exchange reserves. Technology, competition, and benchmarking Price: Rs. 2330 to the best international practices are the driving forces of Indias development efforts. Technology is getting upgraded rapidly and competition in the market place has become fierce. The vibrant information technology (IT) industry is contributing immensely by providing information about latest technology and international business practices. Indias gradual and cautious approach to economic reforms has proved 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 of the 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 % Foreign Trade, 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 Industrial Economy of India; Infrastructure Development in India. 3. Government Finances Central Government Budget; Public Expenditure; Public Debt; CentreState Financial Relations. 4. Money, Credit and Prices Monetary Policy; Credit Policy in India; RBIs 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 and Financial Markets Financial System of India: An Introduction; Reserve Bank of India; Commercial Banks; Co-operative Banks; Development Finance Institutions...; 6. Foreign Trade, Balance of Payments and Foreign Investment Globalization and International Trade; Global Economic Crisis and International Trade; Indias 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; Areas of Concern; Future Economic Climate. 8. Global Financial Crisis and the Indian Economy Underlying Causes of Global Financial Crisis; Severity and Impact 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; 195051: Trade Agreement with Pakistan; 1951-52: First Five Year Plan Launched; 1952-53: Industries (Development and Regulation) Act, 1951 Notified; 195354: Taxation Enquiry Commission; 1954-55: Establishment of Industrial Credit and Investment Corporation of India Ltd. (ICICI); 1955-56: Nationalisation of Imperial Bank of India; 1956-57: Second Five Year Plan Launched; 1957-58: Wealth Tax Imposed; 1958-59: Gift Tax Imposed; 1959-60: Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959; 1960-61: Third Finance Commission Set Up; 1961-62: Third Five Year Plan Launched; 196263: Chinese Aggression and National Emergency; 1963-64: Appointment of Sales Tax Committee; 1964-65: Establishment of Unit Trust of India (UTI); 196566: 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 of Regional Rural Banks (RRBs); 1976-77: Indirect Taxation Enquiry Committee Appointed; 1977-78: Industrial Policy Statement of Janata Government; 197879: Report of Seventh Finance Commission; 1979-80: Training of Rural Youth for Self-employment (TRYSEM) Scheme Launched; 1980-81: Sixth Five Year Plan Launched; 1981-82: Committee on Replacement of Sales Tax by Additional Excise Duty Appointed; 1982-83: Establishment of National Bank for Agriculture and Rural Development (NABARD); 1983-84: Industrial Policy (1983-84) Announced; 1984-85: Estate Duty Abolished with effect from March 16, 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 of India (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; 200102: Sampoorna Grameen Rozgar Yojana (SGRY) Launched; 2002-03: Tenth Five Year Plan Launched; 2003-04: Agricultural Insurance Company of India Ltd. (AICIL) Established; 2004-05: Kasturba Gandhi Balika Vidyalaya Scheme (KGBVS) Launched; 2005-06: National Rural Employment Guarantee Scheme Launched; 2006-07: Enactment of Scheduled Tribes and other Traditional Dwellers (Recognition of Forest Rights) Act; 2007-08: Eleventh Five Year 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
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New Century Book News

CENTURY CENTURY
Globalization / Development / Poverty / Micro Finance
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Essays in Social and Economic Development

By Paul Streeten, Professor Emeritus, Boston University, U.S.
This volume contains 17 scholarly papers authored by Paul Streetenwell- known American development economist and a social thinker. His writings have assumed added significance in the context of globalization and privatization wave sweeping across the countries of the world, particularly developing countries. In the immediate context, his ideas are relevant to understand and deal with the current global financial crisis which has been billed 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 and economic development of countries worldwide and the empowerment and participation of disadvantaged groups in different countries, more so in the less developed economies of the world. The papers discuss, review and evaluate topical subjects ranging from poverty and hunger, global governance, cyber-terror and cybererror, effects of globalization, international co-operation, global justice, empowerment of the left-out, political economy reforms, role of non-government organizations and concerns raised by technological advancements including nanotechnology. The papers provide glimpses of the innovative ideas of the author such as global central bank, global income tax, global body to provide information on investments, international investment July 2010 Pages: 386 Hardbound trust, and a global migration agency. He also suggests a transnational secretariat and a council of wise men 7 x 9 ISBN: 978-81-7708-232-6 and women to monitor the performance of proposed bodies. He also delves on gender issues which he Price: Rs. 1485 considers particularly important for reproductive freedom, for people, especially women, to be able to choose the 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 and economic development of countries worldwide, particularly the developing economies of Asia. CONTENTS 1. 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. Contribution of Non-Governmental Organizations (NGOs) to Development; 14. Political Economy of Reforms; 15. Globalization: International Integration and Disintegration; 16. Global Governance for Human Development; 17. Technological Nightmares. Index
Micro Finance and Indias Rural Economy
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Edited by Sudhansu Kumar Das, Lecturer in Commerce, Sadhu Goureswar College, Kanikapada, Jajpur, Orissa and Sanjay Kanti 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 made concerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, the rural poor continue to depend on informal sources of credit. Institutions have also faced difficulties in dealing effectively with a large number of small borrowers, whose credit needs are small and frequent and their ability to offer collaterals is limited. Besides, cumbersome procedures and risk 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 conventional banking in reaching the hitherto unreached poor population. Micro credit enables the poor people to be thrifty and helps them in availing the credit and other financial services for improving their income and living standards. The Selfhelp Group (SHG)-Bank Linkage Programme was formally launched in the year 1992 as a flagship programme by National Bank for Agriculture and Rural Development (NABARD) and aptly supported by the RBI through its policy support. The Programme envisages organisation of the rural poor into SHGs for building their capacities to manage their 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 on various aspects of the micro finance and its impact on rural economy of India.
E C O N O M I C S , C O M M E RC E A N D M A N A G E M E N T
2011 Pages: 194 Hardbound 5 x 9 ISBN: 978-81-7708-263-0
Price: Rs. 535 CONTENTS 1. Self-help Groups (SHGs) and Micro Credit Mobilization D.D. Mali; 2. Micro Finance, Micro Enterprises and SHGs: A Case Study of Assam Hills Mizanur Rahman and Jyotish Bordoloi; 3. Micro Finance in India: Some Issues Ratan Borman and A. Ibemcha Chanu; 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 Case Study 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: A Case 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 Development of Karimganj District through Micro Credit Avijit Debnath and Golab Chandra Nandi
Index
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CENTURY CENTURY
Fiscal Federalism / Public Finance
Finance Commissions and Fiscal Federalism in India
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First 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 Finance Commission) Finance is the life blood of a government. Arrangements for finance are more complicated in a federal set up than in a unitary form of government. A federal system creates a multiple polity based on divided functions and powers among central, state and local governments. Fiscal federalism, as a branch of public finance, deals with 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 historical importance. With the passage of the Constitution (Seventy-third Amendment) Act, 1992, a uniform structure of panchayats 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, panchayats and 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 of July 2010 Pages: 612 Hardbound distribution of Central tax collections between the Central and State Governments. Prior to this Amendment, 7 x 9 ISBN: 978-81-7708-238-8 income tax and Union excise duties were the only taxes shared with the States. This Amendment altered the Price: Rs. 2165 pattern of sharing of Central taxes between the Centre and the States by providing for the sharing of the net proceeds 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 reduction of 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 in India. In particular, it contains highlights and summary of each Finance Commission Report from First to Thirteenth Finance Commission. A detailed note on 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.
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CONTENTS Part I: Fiscal Federalism: Conceptual Settings 1. 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 India 2. Pre-Independence History of Fiscal Federalism Mayo Scheme, 1870; Government of India Act, 1919; Indian Taxation Enquiry Committee...; 3. PostPartition Financial Adjustments Deshmukh Award; Expert Committee on Financial Provisions of the Constitution, 1947...; 4. Fiscal Relations under the Constitution Nature of Indian Federation; Centrally Biased Constitution and its Justification...; 5. Centralisation of Revenues and the Need for and Mechanism of Transfers Centralisation of Revenues; Mechanism of Central Transfers to the States... Part III: Level and Composition of Taxes in India 6. 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 and Composition of State Taxes State Taxes as Percent of GDP; Direct and Indirect Taxes; Local Finance. 9. Sales Tax and State Level VAT Different Forms of Sales Tax; Pre-Constitution Developments; Constitution of India and the Provisions for the Regulation of Taxation of Inter-State Sales...; 10. Taxation of Agricultural Income Constitutional Provisions; Committee on Taxation of Agricultural Wealth and Income, 1972... Part IV: System of Revenue Sharing Through Finance Commission 11. 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 (Eightieth Amendment) Act, 2000; The Constitution (Eightieth Amendment) Act, 2000; Eleventh Finance Commission: New Tasks...; 13. Additional Duties of Excise in Lieu of Sales Tax Rationale of the Scheme; Views of the State Governments; Decisions of the National Development Council...; 14. Grant in Lieu of Railway Passenger Fares Tax History of Railway Passenger Fares Tax; Recommendations of Successive Finance Commissions...; 15. Grants-in-aid of 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 Commission 17 29 FIRST FINANCE COMMISSION to THIRTEENTH FINANCE COMMISSION Approach of the Commission on Financial Transfers; Reassessment of the Revenue and Expenditure Forecasts; Sharing of Income Tax Revenue; Sharing of Union Excise Duties; Additional Duties of Excise; Estate Duty in Respect of Property other than Agricultural Land; Grant in Lieu of Tax on Railway Passenger Fares; Grant on Account of Wealth Tax on Agricultural Property; 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 India 30. 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: Appendices Appendix 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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CENTURY CENTURY
Fiscal Policy / Economic Growth
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Financial Decentralization, Panchayati Raj Institutions (PRIs) and Rural Development in India
By Mohd. Azam Khan, Assistant Professor and Tosib Alam, Research Scholar, Department of Economics, Aligarh Muslim University, Aligarh The passage of the Constitution (Seventy-third Amendment) Act, 1992 marked a watershed in the history of modern India. With this amendment, a uniform structure of panchayats emerged throughout the country. Article 243G read with Eleventh Schedule of the Constitution explicitly requires the States to devolve powers and authority on panchayats which may be necessary to enable them to function as institutions of self-government. Indias decentralisation initiative 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 interaction with the government. The principle of subsidiarity implies that matters are best handled by the least centralised competent authority. Following this, these institutions need to be adequately empoweredboth functionally and financiallyto enable them to fulfil the role envisaged for them in the Constitution. CONTENTS 1. Trend Towards Decentralization: Global and Indian Experience Meaning and Scope of Decentralization; 2011 Pages: 186 Decentralization: Global Scenario; Decentralization in India. Hardbound 5 x 9 2. Inter-government Financial Transfers in India Fiscal Federalism: An Introduction; Federal Constitution of India; ISBN: 978-81-7708-257-9 Fiscal Federalism in India: Evolution and Structure; Expenditure and Tax Assignments in India; Fiscal Imbalances: Trends Price: Rs. 535 and Issues; Inter-government Transfers; Infrastructure Financing at the State Level; Fiscal Decentralization and Local Governments. 3. Financing of Panchayati Raj Institutions Importance of Local Government Finance; Decentralization of Powers and Functions; Eleventh Schedule of the Constitution (Article 243G); District Planning Committees; Financing of Panchayats; Trends in the Revenue and Expenditure of Panchayats; Role of 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-designed Panchayati Raj System. 5. Review of Literature on the Subject. 6. Summary and Policy Recommendations. Appendix: Main Recommendations of the Thirteenth Finance Commission; Bibliography; Index
Fiscal Policy, Decentralization and Economic Growth in India

By Pradeep S. Chauhan, Fellow, South Asian Study Centre, St. Antonys College, University of Oxford, UK
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When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a 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 coordination and (e) deregulate financial system. The need for improvements in budgetary practices led to the enactment of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which ushered the Indian economy in an era of fiscal consolidation based on fiscal policy rules. The passage of the Constitution (Seventy-third Amendment) Act, 1992 marked a watershed in the history of modern India. With this amendment, a uniform structure of panchayats 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. Resultantly, panchayats and municipalities are now constitutional bodies forming third tier to the 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 action by providing substantial fiscal stimulus. This book provides an account of fiscal developments in India during the post-liberalisation period, with particular emphasis on decentralization initiatives. It also examines prospects and challenges facing the Indian economy. An appendix included in the book contains Fiscal Policy Strategy Statement presented to Parliament by Shri Pranab Mukherjee, Minister of Finance, on February 26, 2010.
July 2010 Pages: 296 Hardbound 5 x 9 ISBN: 978-81-7708-231-9 Price: Rs. 740
CONTENTS 1. Fiscal Policy: Theoretical Framework Introduction; Keynes on Fiscal Policy in General Theory; Post-Keynesian Views. 2. Fiscal Policy and Economic Growth Introduction; Allocative Efficiency and Growth; Public Expenditure Policy; Budget Policy...; 3. Indian Fiscal System A Brief Prelude; Fiscal Consolidation; Fiscal Sector Development at the Central Level; Fiscal Sector Development at the Level of States...; 4. Fiscal Reforms in India Fiscal Responsibility and Management Act; Tax Structure Reforms at the Central Leve...; 5. Fundamentals of Fiscal Decentralization Introduction; Historical Basis of Fiscal Centralization; Emerging Fiscal Decentralization Trends...; 6. Fiscal Decentralization and Economic Growth Introduction; Decentralized Government Expenditure and Growth...; 7. Fiscal Decentralization in India The Indian Polity; Distribution of Powers between the Centre and the States; Centrally Biased Constitution...; 8. Progress, Prospects and Challenges of Indian Economy India's Development Experience: Pre-reforms Period; Economic Policies in the 1980s; Initiation of Economic Reforms in Early 1990s; Fiscal Consolidation in the Indian Economy; Response of the Economy to Reforms; Gains in Labour Productivity: Main Driver of Growth; Total Factor Productivity Growth and GDP; Sterling Performance of Services and the IT Sector; Special Economic Zones (SEZs); Faster Growth in Relatively Developed States... Appendix; Bibliography; Index
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CENTURY CENTURY
Financial Intermediation and Markets
Financial Institutions and Financial Markets in India

Functioning and Reforms
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By 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 a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is 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 sector since 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's financial system since Independence, explains its present structure and describes the role of Reserve Bank of India (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), rural July 2010 Pages: 624 Hardbound co-operative credit institutions, development finance institutions (DFIs), non-banking financial companies (NBFCs), 7 x 9 ISBN: 978-81-7708-237-1 mutual funds and insurance organisations. Price: Rs. 2090 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 dwells on 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 and investors, 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-Independence Developments 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 an Inclusive Financial Sector; Recent Measures for Financial Inclusion...; 4. Reserve Bank of India (RBI) and the Financial System Changing Role of RBI in 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 Commercial Bank...; 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 of Banks 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 Supervision of Commercial Banks Need for Regulation and Supervision; Regulatory and Supervisory Policy during the 1950s; Regulatory and Supervisory Policy during 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 Security Interest (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-operative Credit 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 Harmonising the Role and Operations of Development Finance Institutions and Banks, 1998...; 20. Non-banking Financial Companies (NBFCs) Classification of NBFCs; Importance of NBFCs; Regulation and Supervision of NBFCs; Reserve Bank of India (Amendment) Act, 1997...; 21. Mutual Funds Legal and Regulatory Framework; History of Mutual Funds; Features of Mutual Fund Industry in India...; 22. Insurance Organisations Nationalisation of Insurance Business 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 Meaning of Securities and Government Securities; Importance of Government Securities Market...; 26. Capital Market Meaning and Importance of Capital market; Capital Market in the Pre-reforms (i.e. Pre-1991) Period...; 27. Corporate Debt Market Significance of the Corporate Debt Market; Lessons from East Asian Crisis; Corporate Debt Market in India...; 28. Foreign Exchange Market Pre-Independence Period; Post-Independence Period; Post-reforms Period (1991 onward); Present Structure of Foreign Exchange Market...; 29. Payment Systems, Clearing and Settlement Infrastructure Importance of 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 India

By Jagadish R. Raiyani, Assistant Professor, Geetanjali College, Saurashtra University, Rajkot, Gujarat
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Derivatives are financial instruments/contracts whose value depends upon the value of an underlying. Since their value is essentially derived out of an underlying, they are financial abstractions whose value is derived mathematically from the changes in the value of the underlying. In recent years, complex financial productssuch as asset-backed securities, derivatives, credit-default swaps (CDSs) and collateralised debt obligations (CDOs)have proliferated in developed countries. These products have become highly popular with banks and financial institutions as they allow them to hedge their risks and manage their financial 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 derivatives have 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 in existence. Besides the securitised products, the Indian forex and rupee derivative markets have also developed significantly over the years. In its Annual Policy Statement for the year 2008-09, the Reserve Bank of India (RBI) announced the introduction of currency futures in the eligible exchanges for which the broad framework was announced in August 2008. This book explains, in simple and lucid language, the basics of financial derivatives and their growth and role in the Indian financial system.
2011 Pages: 198 Hardbound 5 x 9 ISBN: 978-81-7708-255-5 Price: Rs. 560
CONTENTS 1. Capital Market in India: An Overview Introduction; Significance of Capital Market; Capital Market in the Pre-reforms Period; Securities and Exchange Board of India (SEBI); Capital Market Reforms since 1991; Upgradation of Stock Exchanges; Corporatisation and Demutualisation of Stock Exchanges; Trading Infrastructure in Stock Exchanges; Free Pricing of Capital Issues; Depository System, Dematerialisation; Improvements in Disclosure Norms; 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 Experience of 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 the Derivatives 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 Credit Derivatives; 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; Placing Orders 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 of Payment 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 Institutional Deals; 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 Reforms
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By 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 equity shares 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) for small 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 companies were listed on the BSE, which is the largest exchange in the country. The number of securities available for trading under 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 Clearing Corporation 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 reforms introduced during the post-liberalisation (1991 onwards) period. Besides, it traces recent trends in the secondary market and offers empirical evidence of level of efficiency and degree of volatility in the Indian stock market.
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CONTENTS ISBN: 978-81-7708-241-8 1. Stock Market: Theoretical Framework Efficient Stock Market; Efficient Market Hypothesis (EMH); Information Sets Price: Rs. 780 and 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 of Efficient 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 Short Selling; 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 Weak Level 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 Summary of 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
Financial Ratios and Financial Statement Analysis
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By Jagadish R. Raiyani, Assistant Professor of Commerce, Geetanjali College, Saurashtra University, Rajkot, Gujarat and R. 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 that exists between them. The analysis of financial statement is a process of evaluating the relationship between component parts of financial statements to obtain a better understanding of the position and performance of a firm. The first task of the financial analyst is to select the information relevant to the decision under consideration from the total information contained in the financial statements. The second step is to arrange the information in a way to highlight significant relationships. The final step is interpretation and drawing of inferences and conclusions. In brief, financial analysis is the process 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 use for decision-making by various parties interested in them. The focus of the book is on ratio analysis which is the most widely used technique of financial statement analysis. CONTENTS 1. Ratio as Aid to Management Meaning of Ratio Analysis; Significance and Limitations of Quantitative Approach 2011 Pages: 228 to Management; Usage of Ratios vis--vis Other Techniques; Summary. Hardbound 5 x 9 2. Ratio Pyramid The Pyramidical Structure; The Primary Ratio; Secondary Ratios; Tertiary Ratios; Subordinate Ratios; ISBN: 978-81-7708-267-8 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; Profitability Price: Rs. 560 Ratios; Valuation Ratios; Summary. 4. Economic Value Added (EVA) Based Performance Measurement Goals of Financial Management; What is EVA?; Defining Shareholder's Value and Wealth 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 Data Collection; Review of Literature; Capital Adequacy Analysis. Bibliography; Index
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Non-banking Financial Companies (NBFCs) in India

By 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 financial intermediaries which provide a variety of services including equipment leasing, hire purchase, loans, investments and chit fund activities. These companies play an important role in providing credit to the unorganised sector and to the small 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 to a gradual blurring of dividing lines between banks and NBFCs, with the exception of the exclusive privilege that commercial 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 an investment 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 registration by the Reserve Bank of India to hold/accept deposits from public.
ISBN: 978-81-7708-229-6 CONTENTS 1. Financial Intermediaries in India Commercial Banks; Regional Rural Banks; Co-operative Banks; Development Price: Rs. 570 Finance 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); Equipment Leasing Companies; Hire Purchase Finance Company; Housing Finance Companies; Reasons for Popularity of NBFCs with the Customers; Sources of Funds 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 of NBFCs; Know Your Customer (KYC) Guidelines. 4. Prudential Norms for NBFCs A.C. Shah Working Group; New Directions on Prudential Norms; Valuation Norms; Income Recognition; Classification of 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; Special Audit 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 Contract Act, 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; Foreign Trade (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
R E L A T E D T I T L E S
FINANCIAL SECTOR OF INDIA EMERGING CHALLENGES

Edited by R.K. Uppal 17 years of financial reforms in India have created a fairly sound framework for higher growth and integration with the world economy. Though the task is by no means complete, the groundwork that has been laid will allow us to move rapidly towards the financial architecture that is appropriate for a country of Indias size and aspirations. Financial markets and institutions need to evolve considerably in order to keep up with the requirements of September 2008 Pages: 252 Indian firms and Indian investors in coming years. The corporate bond market is moribund and will have to be Hardbound revived and a number of missing markets will have to be 5 x 9 created, including exchange traded interest rate and foreign 978-81-7708-188-6 exchange derivatives contracts. Price: Rs. 640 This book contains 14 papers, authored by scholars in the field, which deal with various dimensions of emerging financial scenario in India. The book is topical and useful for a cross-section of readership.
DICTIONARY OF BANKING AND FINANCE (Including a Glossary of E-banking Terms)

Prepared by the Research Wing of New Century Publications
A Note on the Dictionary

Finance is the life blood of a modern economy. Banking system, as an integral part of the financial sector, is the linchpin of any development strategy. Banking system, along with other constituents of the financial sector, July 2008 helps to mobilise financial surpluses of an Pages: 272 economy and transfers them to areas of financial deficit. It promotes savings by providing a wide 5 x 9 variety of financial assets to the general public. Hardbound Savings collected from the household sector are 978-81-7708-166-4 pooled together and allocated to various sectors Price: Rs. 585 of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives of growth and social justice.
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Prices / Monetary and Credit Policy
Monetary and Credit Management in India

By Anup Chatterjee, Associate Professor, Department of Economics, A.R.S.D. College, University of Delhi
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Price stability and availability of sufficient credit for productive purposes have all along remained the twin objectives of monetary policy in India. The monetary policy reforms since 1991 have hinged on easing fiscal constraints. The first important step was introduction of an auction system for the Central Governments market borrowings in June 1992. This enabled an increasing proportion of the fiscal deficit to be financed by borrowings at market-related rates of interest. This, in turn, enabled the Reserve Bank of India (RBI) to scale down the Statutory Liquidity Ratio (SLR) to the targeted 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 Centres 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 marketrelated 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 a healthy restraining influence on speculation and can assist in bringing about a better balance between aggregate demand and aggregate supply. RBI has largely been successful in bringing the organised sector of the money market well under its control. RBI is also playing a more active role in the provision of rural finance and is devoting special attention to the problem of promoting banking development in parts of the country in which it has hitherto been lacking. These developments have strengthened the credit system materially. This book deals with various dimensions of monetary and credit management in India, focusing on postliberalisation (1991 onward) period.
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CONTENTS 1. 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 and Monetary Policy. 2. Monetary Management by Reserve Bank of India Establishment and Early History of RBI; Pre-Independence Activities of RBI; Functions of RBI; PostIndependence Review of the Role and Responsibilities of RBI; Post-1991 Reforms and Responsibilities of RBI; Measures of Money Supply in India; Monetary Policy 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 Moderate Price Rise; Causes of Price Rise; Effects of Price Rise; Determinants of Price Policy; Constituents of Price Policy; Role of Buffer Stock Operations; History of Price Controls in India; Price Stability as an Objective of Monetary Policy in India; Price Policy of the Government; Fiscal Deficits, Monetary Expansion and Price Rise; Conclusion. 4. Monetary Policy Reforms Since 1991 Economic Reforms and Monetary Management; Constituents of Monetary Reforms; Introduction of Liquidity Adjustment Facility (LAF); Changing Monetary Policy Paradigm in India; Recent Challenges; Operating Procedures of Monetary Policy; External Sector Openness 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 Flow to 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 Government Liabilities; Separation of Debt Management from Monetary Management; Indebtedness of States; Management of Market Borrowings by State Governments; Thirteenth Finance Commission on Public Debt. Bibliography; Index
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INDIAN BANKING IN THE GLOBALISED WORLD

By R.K. Uppal Banking sector reforms in India are aimed at induction of best international practices and technological changes for competing globally. The Reserve Bank of India (RBI) has time and again emphasised transparency, diversification of ownership and strong corporate governance to mitigate the prospects of systemic risks in the banking sector. Banking sector reforms have supported the transition of the Indian 2008 Pages: 282 economy to a higher growth path, while significantly improving the stability of the financial system. In comparison 5 x 9 with the pre-reform period, the Indian banking system today Hardbound 978-81-7708-174-9 is more stable and efficient. Vital statistics regarding the Indian banking sector and Price: Rs. 575 the recent Annual Policy Statement, 2008-09 of the RBI has also been discussed.
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India: Sixty Years of Planned Economic Development

1950 to 2010
By M.M. Sury, President, Indian Tax Foundation (ITF), New Delhi. (Formerly, Senior Reader in Economics, University of Delhi, 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 an endowment of nature and whose total size gets depleted with time and (c) renewable resources which can be continuously 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 an economy. This is particularly so in the context of underdeveloped countries which are striving to raise the standard of living of the masses. In fact, planning is a process aiming not merely at the best utilisation of material resources but also at the development of human faculties and institutional framework suitable to the needs and aspirations of the people. 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The resource base of a country consists of (a) human resources, (b) non-renewable resources which are an endowment of nature and whose total size gets depleted with time and (c) renewable resources which can be continuously created and whose base can be expanded through human efforts. The Planning Commissionset up in March 1950 by a resolution of the Government of Indiamakes 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 relation to the nations requirements. Further, it formulates a Plan for the most effective and balanced utilisation of the countrys resources. The objective of planning is to raise the standard of living of the people as a whole. The attainment of this objective involves the development on scientific lines of the nations human and natural resources. National Development Council (NDC)set up in August 1952reviews the working of the National Plan from time to time, considers important questions of social and economic policy affecting national development and recommends 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 issues associated 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 Indias 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 Indias Constitution; 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 in Health Care in India; Health Indices in Rural and Urban India; Primary Health Care; Incidence of Major Diseases in India; Major Public Health Programmes in India; Shortcomings of the Public Health System; National Health Policy, 2002; Growth of Private Sector in Health Care; Health Insurance; National Urban 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; Nutrition Support; 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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International Trade / Regionalism

Part III: Natural Resources 9. Land Resources Use Distribution of Indias 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 Status of 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; Offshore Areas 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 Five Year Plan (2007-12); Indian Mineral Scenario, 2009-2010; Conclusion. 13. Natural Ecosystems Indias Rich Ecosystems Heritage; Animal and Plant Diversity; Marine Ecosystems; Biosphere Reserves. Bibliography; Index
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International Trade and Economic Co-operation

Indias Approach and Perspectives
By Gautam Murthy, Professor of Economics, Centre for Indian Ocean Studies, Osmania University, Hyderabad
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Indias 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 closer trading relationships and increased connectivity among countries. Recognising that Regional Trade Agreements (RTAs) would continue to feature prominently in world trade, India has started engaging with its trading partners/blocks with the intention of expanding its export market and concluding trade and technology agreements and moving, in some cases, even towards Comprehensive Economic Cooperation Agreements (CECAs) which cover Free Trade Agreement (FTA) in goods, services, investments and identified areas of economic cooperation. RTAs are an integral part of Indias foreign trade policy, complementing the multilateral trading system. This book provides deep insights into Indias trade and economic relations with regional groupings/blocks.
CONTENTS ISBN: 978-81-7708-246-3 1. India-ASEAN Relations: Historical Perspectives and Looking Ahead Introduction; Territorial Ambit of Asia; Price: Rs. 585 Regional Co-operation and Integration; Asian Regional Organizations India-ASEAN Linkages: Chronology; India-ASEAN FTA (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 Transportation Linkages; 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: An Update; 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 Ventures and 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; Investment Climate 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; Indias Standing in APEC; Indias Trade and Economic Cooperation with Individual APEC Countries; Political Relations between India and the APEC Countries; Conclusions. 6. Sino-Indian Economic Relations Chinas Amazing Economic Success; Strengths of China; Weaknesses of China; Strengths of India; Weaknesses of India; India and China: Similarities and Dissimilarities. 7. Regional Co-operation in South Asia: Prognosis and Prospects Background; SAARC Charter; New Delhi Summit; SAPTA (SAARC Preferential Trading 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. Indias Globalization Prognosis and Prospects Introduction; Indias 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; WTOGATT Rounds and Ministerial Conferences; WTO Agreement; WTO: Sub-clauses of Agreement; India and the WTO. 12. India and the European Union (EU): Shared Values and Future Directions EU: Worlds 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 the Way; Success Story of IT Sector; India and China. Appendix: Regional Trade Agreements (RTAs) of India at a Glance; Index
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Indian Agriculture / WTO
Indian Agriculture and Information and Communications Technology (ICT)
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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 Indias population of 110 crore. In spite of huge government machinery, Indian farmers still suffer from the absence of right information at the required time. The farmers require timely information on weather conditions, sowing time, availability of inputs including credit, expert advice on maintaining the crop in healthy condition, information on markets and other areas of interest to them and their families. In spite of the best efforts and expenditure, the conventional apparatus has not been able to deliver the goods satisfactorily. Herein lies the role of Information and Communications Technology (ICT) which can efficiently address the concerns of farmers stationed even at remote locations of the country. Low literacy levels, cost of 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 into the various dimensions of the application of ICT in agriculture. CONTENTS
2011 Pages: 214 Hardbound 5 x 9
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ISBN: 978-81-7708-254-8 1. Introduction M. Hilaria Soundari 2. Village Knowledge Centres (VKCs) and Open/Distance Learning K. Balasubramanian Price: Rs. 590 3. ICT and Sustainable Agriculture Development R. Meenakshi and J. Gayathri 4. Social Transformation through ICT A. Thomas and M.A. Sudhir 5. Interactive Multimedia and Farm Women Ramasubramanian. M, Sujhi. G, Rathakrishnan. T, and Anandaraja. N 6. Digitalization of Indigenous Technical Knowledge (ITK) for Farming Community Suganthi N.S, Poonthenmozhi. S, Rathakrishnan. T, Anandaraja. N and Ramasubramanian. M 7. Village Knowledge Centres (VKCs) and Agricultural Productivity Samwel Kakuko Lopoyetum, K. Rakes Sarma and Rangamlian Aimol 8. Web-Education and Farmers: An Experimental Study P. Mooventhan and H. Philip 9. Knowledge Mission 2007 and Rural Farm Women A. Thomas William and G. Albin Joseph 10. Land Use Pattern in Tamil Nadu P. Mary Elizabeth 11. Computerization and E-Governance in Dairy Co-operative Marketing Organizations Samwel Kakuko Lopoyetum
Appendix: National Policy for Farmers, 2007; Index
WTO, Globalization and Indian Agriculture
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Edited 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 world economiesparticularly those of developing countriesimmensely. Countries worldwide are reshaping their economic and trade policies to meet the challenges of new rules of trade under WTO and intense competition unleashed by the forces of globalization. The changed economic milieu has affected the Indian economymore so the agricultural sectorin several ways. The stagnating Indian agriculture has aggravated the urgency for debate on how to meet the challenges of new rules of the game under WTO and globalization. This book contains 11 research paperscontributed by experts in the fieldwhich provide deep insights into the various dimensions of the impact of new world economic order on agriculture in India. CONTENTS 1. WTO and Indian Agriculture G. Bhaskar 2. Indian Agriculture in the Context of Globalization S. Vijay Kumar 3. GATT, WTO and Challenges to Indian Agriculture M. Sundara Rao and D. Venkata Rao 4. Women Participation in Indian Agriculture K. Harathi and B. Deepthi Nanada 5. Globalization and the Changing Role of Women in Agriculture P. Mercy Kumari, K. Mahendra Kumar and B.S. Rao 6. Some Reflections on Globalization and Indian Agriculture G. Mallikarjun and Mohd. Iqbal Ali 7. Global Perspective of Indian Agriculture N.T.K. Naik, G. Rama Krishna and K. Chinna Venkata Swamy 8. Economic Reforms and Indian Agriculture K. Mohan Reddy, M. Vara Prasad and K. Ugandhar 9. WTO, Intellectual Property Rights (IPRs), and Agriculture Gajavelli V S and Sohil Vakharia 10. Agriculture in India: Impact of Globalization Pulla Srinivas, B Netajee and M Narasimharao 11. 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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Global Financial Crisis / Recession
15 new
Global Recession and Indian Economic Development
Edited 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 3.9 percent in 2008 which represented a significant slide from a level of about 5.0 percent in 2006 and 2007. By early November, the IMF had revised its forecast for global growth downwardsfrom 3.9 percent to 3.7 percent for 2008, and from 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 credit markets continues to be low, and credit lines remain clogged. The tight and hesitant conditions in the credit markets are precipitating erosion of demand which, in turn, is feeding a recessiondeflation vicious cycle. Central banks around the world are responding to the developments by aggressive and unconventional injection of liquidity, monetary easing and relaxation 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, including the 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 repercussions of the global downturn on the growth prospects of the Indian economy.
CONTENTS ISBN: 978-81-7708-230-2 1. Global Recession and the Banking Sector Venkatesh. J and S. Preethi Sharmila; 2. Global Recession and Indian Price: Rs. 560 Banking Industry R. Vijayakumar and C. Radhapriya; 3. Banking Regulations, Liquidity and Inflation during Financial Crisis 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 Trade Financing C. Natarajan, V. Sathiya and A. Jayaseelan; 9. Global Downturn and Indian Retail Industry A. Ashok Kumar and G. Aarthana; 10. Human Resources Management (HRM) in the Context of Global Meltdown Venkatesh. J and Vivekanandan. K; 11. Global Financial Crisis and Quality of Work Life (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. Global Recession and Indian Textile Industry P. Mohanraj and R. Thianeshwaran; 15. Global Recession and Automobile Industry K. Mayuri, C. Vaishnavi and P. 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
Global Meltdown
Regional Impacts
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Edited 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-prime mortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a 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 financial instruments 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, often resulting from abrupt reversals in capital flows, and from loose domestic monetary and fiscal policies. In contrast, the current 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 notion that in a globalised world no country can be an island, growth prospects of emerging economies have been undermined by 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 dimensionsdeep insights into the origin, causes, consequences and remedial measures related to the crisis.
CONTENTS
ISBN: 978-81-7708-235-7 Part I: Global Meltdown Price: Rs. 880 1. World Economic Outlook, April 2009: Crises and Recovery International Monetary Fund; 2. The General Economic Background to the Crisis Jrgen 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 Jack Boorman; 5. The Multilateral Response to the Global Crisis: Rationale, Modalities and Feasibility Eduardo Fernndez-Arias, Andrew Powell and Alessandro Rebucci; 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 Management in 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? Ljubinko Jankov; 12. Central Asia and the Global Economic Crisis Richard Pomfret; 13. Measuring the Pulse of Africa in Times of Crisis OECD; 14. The Global Financial Crisis and its impact on the Asia-Pacific Region Anwar Nasution; 15. The Global Financial Crisis, Developing Countries and India Jayati Ghosh; 16. Risk Management in the Midst of the Global Financial Crisis D. Subbarao.
Index
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Global Financial Crisis / Recession
Global Financial Crisis and the Indian Economy
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Edited 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-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisis. It has been billed by experts as the worst since the Great Depression of late 1920s and early 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-prime mortgage loans has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign 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 system has shown remarkable market discipline, docility, and sincerity of purpose as against the financial gimmicks and dubious practices of the financial institutions in the US. It is heartening to note that in India, complex structures like synthetic 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 almost all dimensions of the ongoing worldwide financial turmoil.
July 2010 Pages: 224 Hardbound 5 x 9 ISBN: 978-81-7708-233-3
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CONTENTS Price: Rs. 545 1. Global Financial Crisis and the Reserve Bank of India (RBI) B. Rajasekran and A. Thasleem Ahmed; 2. Financial Engineering 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. Global Downturn and Stock Markets K. Bharath, Milan Mohan O. and Rajeesh T.R.; 6. Global Meltdown And India M. Moorthi and S. Megalatha; 7. Global Financial 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 the Context 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 on Production N. Gunasekaran and M.S. Ramya; 17. Global Meltdown and Challenges of Entrepreneurial Development G. Gopalakrishnan and Vikram. 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
ALSO
FOREIGN INVESTMENT IN INDIA 1947-48 to 2007-08
By 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.
AVA I L A B L E
WTO AND INDIA DEVELOPMENT AGENDA FOR THE 21ST CENTURY
By Vibha Mathur After Independence in 1947, India followed, for about 30 years (1950-80), a development pattern which 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-tariff 2005 Pages: 362 barriers and a cautious and selective approach towards foreign capital. It was a quota, permit and license Hardbound regime all the way. This so-called inward-looking, 5 x 9 import substitution strategy of economic development 81-7708-099-7 began to be widely questioned with the beginning of Price: Rs. 670 1980s. Policy makers started realising the drawbacks of 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 of internal and external factors. Among the external factors, the establishment of WTO in 1995 was the foremost. This book explains the key reform measures undertaken in various sectors of the Indian economy since 1991 in the context of the establishment of WTO. It examines the rationale, contents, and impact of economic reforms and puts in perspective the emerging lessons for the future.
2008 Pages: 432 Hardbound 7 x 9 978-81-7708-175-6 Price: Rs. 1490
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 Indias policies in order to underscore the measures that are needed to attract higher levels of foreign capital and technology.
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Banking and Finance / Insurance
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Banking Reforms and Productivity in India
By Medha P. Tapiawala, Associate Professor of Economics, Guru Nanak College of Arts, Science and Commerce, University of Mumbai, Mumbai Wide-ranging financial sector reforms have been undertaken in Indiasince the initiation of economic reforms in early 1990sto improve financial intermediation and maintain financial stability. This process has now become more intensive with a focus on drawing appropriate lessons from the global financial crisis and putting in place a regulatory regime that is alert to possible build-up of financial imbalances. All commercial banks, including foreign banks in India, migrated to the Basel II framework 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 on February 16, 2010. RBIs Vision Document provides the roadmap to ensure that all the payment and settlement systems operating 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, it provides empirical evidencein the backdrop of reformsof trends in the productivity of select banks in India. CONTENTS July 2010 Pages: 240 1. Financial System, Economic Growth and the Role of State Introduction Functions and Soundness of the Financial Hardbound 5 x 9 System; 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 Historical ISBN: 978-81-7708-248-7 Perspective; Banking Sector Reforms since 1991; Objectives of Banking Sector Reforms; Components of Banking Sector Reforms; Price: Rs. 590 Co-operative Banks; Development Finance Institutions (DFIs); Non-banking Financial Companies; Mutual Funds; Concluding Observations; 3. Legal, Regulatory and Supervisory Framework for Banking Sector in India Legal Framework; Regulatory Framework; Supervisory Framework; 4. Methods of Productivity Measurement of Banks Introduction; Definitions; Difference between Productivity and Efficiency; Literature Review; Different Approaches of Measuring Productivity; Overview of Measurement of Banking Productivity; Banking Productivity: Evidence from India; Conclusion; 5. Data Envelopment Analysis (DEA) Introduction; Historical Perspective on DEA; Description of the Method; The Method; Advantages of Data Envelopment Analysis; Use of DEA for Comparison of Banking Productivity; Use of DEA in India to Measure Banking Productivity; Conclusion; 6. Measurement of 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 DEA to Compare the Efficiency of Different Banks in India; Comparison of the Efficiency Considering Financial Performance of Different Banks in India; Comparison of the 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
Co-operative Banks in India
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By 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 rural co-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 banksplay an important role in meeting the growing credit needs of urban and semi-urban areas of the country. UCBs mobilise savings from the middle and lower income groups and purvey credit to small borrowers, including weaker sections of the society. Scheduled UCBs are under closer regulatory and supervisory framework of 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 segment of the Indian banking system. They have an extensive branch network and reach out to people in remote areas. They have traditionally played an important role in creating banking habits among the lower and middle-income groups and in strengthening the rural credit delivery system. This bookfocusing on UCBsprovides a vivid account of the functioning of co-operative credit institutions in India including recent reforms. Besides, it includes a case study of the working of UCBs in the Indian state of West Bengal. CONTENTS 1. History of Co-operative Movement Origin of Co-operative Movement; Co-operative Movement in India; Origin of Urban July 2010 Pages: 204 Credit Movement in India; 2. Co-operative Banking: Conceptual Framework Problem of Development; Concept of CoHardbound 5 x 9 operation; Concept of Co-operative Banking; Review of Existing Literature; 3. Urban Co-operative Banks Urban Co-operative ISBN: 978-81-7708-250-0 Banks; Problems Encountered by Urban Co-operative Banks; Review of Existing Literature; Working Group on IT Support for Price: Rs. 495 Urban Co-operative Banks; Working Group on Umbrella Organization and Constitution of Revival Fund for Urban Co-operative Banks; 4. Rural Co-operative Banks Rural Co-operatives in Historical Perspective; Short-term Rural Co-operatives; Long-term Rural Co-operatives; Significance of Rural Co-operatives; Primary Agricultural Credit Societies (PACS); Regulatory Framework and Supervision; Triangular Regulation of Rural Co-operatives; Vaidyanathan Committee on Rural Co-operatives; Self-help Group (SHG) for Micro Credit; NABARD and the Co-operative Sector; Rural Infrastructure 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; Investment of the Urban Co-operative Banks; Different Gradation of the Urban Co-operative Banks; 6. Regulatory Framework for Co-operative Banks Early History; Cooperative 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; Memorandum of Understanding (MoU) with Governments; Differentiated Regulatory Regime; Supervisory Regime for UCBs; 7. Summary and Conclusions Origins of Cooperative Movement; Legislative History of Co-operatives; Importance of Co-operative Banks; Financial Sector Reforms and Co-operative Banks; Structure of Cooperative Banking in India; Vision Document and Medium-Term Framework (MTF) for UCBs; Management of Co-operative Banks; Suggestions for Improving the Efficiency of Credit Co-operatives; Scope for Further Research.
Appendix: Urban Co-operative Banks in West Bengal; Bibliography; Index.
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Banking and Finance / Insurance
Rural Banking in India

By Manas Chakrabarti, Assistant Professor, Department of Commerce, Balurghat College, Balurghat, West Bengal
new
Agriculture and rural sectors play an important role in Indias overall development strategy in terms of income and employment generation and poverty alleviation. Great significance has, therefore, been accorded to developing appropriate 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 in the flow of credit to the rural poor. The RRBs have a special place in the multi-agency approach adopted to provide agricultural and rural credit in India. These banks are state-sponsored, regionally-based and rural-oriented. Besides the RRBs, 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 a growing demand for different types of financial services in the rural areas. The present structure of rural credit may not be able to cater to the same. RRBs would be called upon to play a greater role in providing such services due to their rural character and feel. RRBs have to take over a larger share of credit disbursements calling for much larger resource mobilization, 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 had reached an agreement on the content of the package for revival of the long-term cooperative credit structure. The cost of the package was estimated at Rs. 3,074 crore, of which the Central Governments share would be Rs. 2,642 crore.
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CONTENTS 1. History and Significance of Rural Banking in India Rural Sector in the Indian Economy; Post-Independence History Price: Rs. 545 of 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 the RRBs; 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; Business of RRBs; Capital Structure of the RRBs; Management and Staff Pattern of the RRBs; Board of Directors; RRBs versus Commercial Banks; RRBs versus Cooperative 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; Nonperforming Assets (NPAs); Summary and Recommendations Appendix: Regional Rural Banks in West Bengal; Bibliography; Index
Life Insurance in India

By R. Haridas, Associate Professor, Department of Management, Karpagam Arts and Science College, Coimbatore
new
After a long period of a monopolistic environment, the insurance sector in India was opened to private participation with the enactment of the Insurance Regulatory and Development Authority Act, 1999. Since then, the number of participants operating in life, general and reinsurance, in both the public and private sectors, has increased. The opening up has augured well for the sector which has witnessed introduction of new products in recent years. In the field of life insurance, a wider choice is presently available to the customers, with products being tailor-made to the needs of the insured. 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 the matter of insurance companies, but also in terms of insurance products. However, the impact of increased competition is 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. CONTENTS 1. Insurance Services: An Introduction Insurance Defined; Fundamental Principles of Insurance; Essential Elements 2011 Pages: 198 of an Insurance Contract; Uniqueness of Insurance Business/Industry; Stages in Insurance Business; Difference between Hardbound 5 x 9 Life and Other Forms of; Insurance; Features of Life Insurance. 2. Insurance Business in India: An Overview History ISBN: 978-81-7708-252-4 of Insurance Services in India; Weaknesses of Insurance Industry Prior to Reforms of Late 1990s; Committee on Reforms Price: Rs. 535 in 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 Players in the Insurance Market; Summing Up. 3. Life Insurance in India: Origin, Growth and Present Status Origin of Life Insurance; Growth of Insurance Companies; Insurance in India; Advantage of Life Insurance; Main Life Insurance Products; Major Players in Indian Life Insurance Business; Life Insurance Market in India; Comparison of India and China with Other Countries; Recent Trends in Life Insurance Industry. 4. Micro Insurance and Financial Inclusion 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
NEW

CENTURY CENTURY
Marketing / Small-scale Enterprises
19 new
Marketing of Services
Quality Dimensions
By 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 the largest share of Gross Domestic Product (GDP). In fact, it is the growth performance of the services sector which is sustaining 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 become highly competitive. The focus of service providers has shifted from internal performance to external factors such as customers satisfaction. Resultantly, quality of service provided has become the key source of differentiation in the market for various services. Quality is usually a slippery concept, easy to visualize yet difficult to define. As per Japanese production philosophy, quality implies zero defects in the firms offerings. Quality of service is the cornerstone of achieving success among competing services. Various policy measures have been undertaken by the Government of India to make Indias services sector internationally competitive. This book 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. CONTENTS 2011 Pages: 224 1. Significance of Quality in Marketing of Services Growing Importance of Services Sector; The Concept of Service; Hardbound 5 x 9 Services and the Tangibility Spectrum; Quality: An Elusive Construct; Role of Quality in Services; Economic Worth of ISBN: 978-81-7708-256-2 Service Quality; Quality Perspectives of Goods and Services. 2. Banking, Hospital and Fast Food Services in India Price: Rs. 630 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 of Service Value; Convergent Literature: The Interrelationships; Causal Ordering of Relationships. 5. Research Methodology Data Source and Sample Design; Qualitative Phase: Pilot Survey; Quantitative Phase: Questionnaire Development; Measures Needed for the Study; Analysis Techniques; Data Analysis Procedure. 6. Empirical Validation of the Service Quality Construct Scale Development; Aggregative Analysis; Industry-Specific Analysis of Dimensionality; Existing Servqual versus the Extended Model; Dimensionality Analysis as per Servqual Scale; Comparative Evaluation of the Alternative Measurement 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 and Recommendations Summary of the Research Issues; The Study; Major Findings of the Study; Conclusions and Recommendations; Areas for Future Research. Appendix: Techniques Used for Correlation Analysis Bibliography; Index
Small-scale Industries in India
Problems and Policy Initiatives
new
By 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 of India's own skills, resources, enterprise and culture. This sector is believed to be an elixir for all the ills of a developing economy 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 significant position in the planned industrialisation of the economy. Ever since the announcement of the Industrial Policy Resolution of 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 the abundance 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 emerged for the small industries. Appropriate policies are needed to meet these challenges to sustain the growth of small industries. CONTENTS 1. Place of Small-scale Industries in India's Industrial Policy Industrial Policy Resolutions of 1948 and 1956; Smallscale Industries and Economic Planning; Industries (Development and Regulation) Act, 1951; D.G. Karve Committee; 2011 Pages: 184 District Industries Centres (DICs); Economic Reforms and Small-scale Industries; Abid Hussain Committee; Significance Hardbound 5 x 9 of Small Scale Industries; Policy Initiatives for Small Scale Industries; Micro, Small and Medium Enterprises Development ISBN: 978-81-7708-265-4 (MSMED) Act, 2006; Globalisation and Small-scale Industries. Price: Rs. 490 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 Credit Flow 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 Village Industries (KVI); Coir Industry; Handicrafts; Food Processing Industries. Appendix: Small-scale Industries in Tamil Nadu: A Case Study Bibliography; Index
NEW

CENTURY CENTURY
20
Regional Development
WTO and Small Enterprises in India
new
By K. Padmanabhan, Assistant Professor, Department of Corporate Secretaryship, Bharathidasan Government College for Women, 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. GATT was a multilateral treaty, governing trade in goods only. WTO is much wider in scope and coverage. WTO Agreements cover 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 WTO agreements, the legal ground rules for international commerce and for trade policy. The agreements have three main objectives: (a) to help trade flow as freely as possible, (b) to achieve further liberalisation gradually through negotiations and (c) to set up an impartial means of settling disputes. The rules and procedures of WTO offer opportunities and simultaneously pose challenges for economies of member 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 export earnings and touch upon the lives of the remotest and most marginalized people. Small enterprises have been recognised as engines of economic growth worldwide. How WTO has impacted the growth and performance of small enterprises? This question has generated a lot of debate among policy makers, academicians and among those actually running small enterprises. This book explains and examines the impact of WTO on various aspects of the functioning of small enterprises.
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CONTENTS 1. Wto and the Global Economy Institutionalisation of International Trade; From GATT to WTO: The Road Map; WTO: Basic Facts; Decision Making Bodies at WTO; Guiding Principles of WTO; WTO Agreements; Summing Up. 2. Small Enterprises in the Indian Economy Historical Evolution of the Definition of Small Industry; Importance of SSIs; Reservation of Items for SSIs; Dereservation of Items for SSIs; Institutional Framework for Small Industries in 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; Free Trade under WTO Agreement; Benefits of Signing WTO; Globalisation Challenges; Quality Consciousness; Reasons for Technological Gap; Technological Development and Modernisation Fund Scheme; Market Access; Quantitative Restrictions (QRs); Safeguard Measures; Dereservation vis--vis Global Competition; 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 of WTO Review; Intellectual Property Rights (IPR) Literature Review; Literature Relating to Pharmaceuticals under WTO; Literature Relating to Textile Sector under 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
Regional Disparities in Indias Socio-economic Development

Edited by Kanak Kanti Bagchi, Professor, Department of Economics, University of North Bengal, West Bengal
new
Regional imbalances in a country may be natural due to unequal distribution of natural resources and/or manmade 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 regional inequities. Indias successive Five Year Plans have stressed the need to develop backward regions of the country. In promoting regional balanced development, public sector enterprises were located in backward areas of the country during the early phase of economic planning. In spite of pro-backward areas policies and programmes, considerable economic and social inequalities exist among different States of India, as reflected in differences in per capita State Domestic Product. While income growth performance has diverged, there is welcome evidence of some convergence in education and health indicators across the states. This book contains 14 research papers authored by experts on the subject. They provide deep insights into the various dimensions of inter-state and intra-state economic and social inequalities in India. CONTENTS 2011 Pages: 252 1. Inter-State Disparities in India under Liberalized Regime Kulwant Singh Phull; 2. Convergence, Dispersal and Hardbound 5 x 9 Devolution: Need for Region-specific Approach Mona Khare; 3. Inter-Regional Disparities in India S.K. Dhage, ISBN: 978-81-7708-258-6 B.D. Khedkar and B.G. Lobo; 4. Growing Regional Disparities in India Shaukat Haseen; 5. Differentials in Agricultural Price: Rs. 670 Productivity 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 Disparities in India: A Case Study of Uttar Pradesh vis--vis Maharashtra and Gujarat Satya Dev Singh and Rajesh Kumar Singh; 9. Regional Disparities in Secondary Education in India Vinayak Kant Mishra and Prahlad Kumar; 10. Inter-State Disparities in Technical Education in India Nisha and Prahlad Kumar; 11. Educational Disparities in Orissa S.N. Tripathy; 12. Infant and Child Mortality in India: Inter-regional Variations Bipul Malakar and Mantu Bose; 13. Problem of Regional Imbalances: An Analysis of Social Sector Dastgir Alam; 14. Finance Commission Transfers and InterState Imbalances V.P. Gupta and Sneh Gupta Index
NEW

CENTURY CENTURY
Women and Employment
21 new
Poverty Eradication and Development through Innovations
Edited by Babita Agrawal, Associate Professor and Head of the Department of Economics, Arya Kanya Post- Graduate College, Hapur In the global market economy, the ability of nations to create, absorb and commercialize innovations determines their competitiveness. Innovation is closely linked to the creation of wealth in a modern knowledge economy. Value addition to raw materials in India through applications of technology has remained low compared to other nations such as Israel, Finland, Japan, and South Korea. Increasing labour productivity through technology change and innovation is 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 approach could play an important role in transforming India in to a modern, industrialized society. Experience and results show that this confidence was well placed. There is a vast untapped potential in India for wealth creation by increasing the levels of innovation content in the entire economic development activities of the country. It is a tall call but an essential one, if the current levels of growth are to be maintained. This book contains 15 research papers, contributed by experts on the subject, which provide deep insights into the interface between poverty reduction, development and innovations.
CONTENTS Price: Rs. 685 1. Importance of Innovations Babita Agrawal and Nitu Gupta; 2. Innovations and Global Competitiveness of India Ratna Vadra; 3. Urbanisation of Rural Areas and Poverty Eradication Through Innovations Meenu Agrawal and 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 Innovations in Changing Environmental Scenario B.G. Shivakumar; 8. Risks and Innovationsin E-banking S.K. Mishra and Binaca Agrawal; 9. Innovation Driven Economy through Industrial Policy Making B.B. Tiwari; 10. Innovations in Agriculture and Natural Resources Management I. Sekar and B.G. Shivakumar; 11. Policy Responses to Global Economic Challenges Arunesh Tripathi and Satyendra P. Tripathi; 12. Globalization and Socioeconomic 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
Women, Employment and Empowerment

By Tinku Paul Bhatnagar, Research Officer, G.B. Pant Social Science Institute (GBPSSI), Jhusi, Allahabad
new
Empowerment of women through gainful employment is a constituent-as well as instrument-of development in any country. No country can be deemed developed if half of its population is severely disadvantaged in terms of basic needs, livelihood options, access to knowledge, and political voice. A natural corollary of ensuring gender equality is the elimination of gender discrimination. Strong national machineries for the advancement of women and promotion of gender equality require political commitment at the highest level. Reforms to meet the challenges of the changing world are essential to ensure women's equal access to institutions and organizations. Effective and coordinated plans and programmes for the full implementation of women-oriented policies require a 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 necessary human 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 their 2011 Pages: 206 empowerment. It adopts a holistic approach to explore interface between the nature of work performed by women Hardbound 5 x 9 and indicators of their empowerment. ISBN: 978-81-7708-259-3 CONTENTS 1. Women Empowerment: Conceptual Framework Women in the Development Process; Empowerment of Women; Price: Rs. 560 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 and Empowerment: 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 Female Work 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; Invisibility of Women's Work; Identification of the Hidden Contribution of Work; Time Allocation for SNA and Non-SNA Work in Developing Countries. 5. Government Policies and Programmes for Women Empowerment Role of Women in Society; Gender Equality and Development; Constitutional Provisions for Women 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 Policy for Empowerment of Women (NPEW), 2001. Appendix: A Case Study of Female Work Participation in Allahabad District of Uttar Pradesh; Bibliography; Index
NEW
GENDER / WOMEN STUDIES

CENTURY CENTURY
22
Micro Credit / Women Workers
Micro Credit, Self-help Groups (SHGs) and Women Empowerment new

By 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 efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, the disadvantaged sections of society including women continue to depend on informal sources of credit. Regular institutions have faced difficulties in dealing with a large number of small borrowers, whose credit needs are small and frequent and their ability to offer collaterals is limited. Besides, cumbersome procedures and risk perceptions of the banks 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 conventional banking in reaching the hitherto unreached poor population. Micro credit enables the poor people to be thrifty and helps 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 and aptly supported by the RBI through its policy support. The Programme envisages organisation of the rural poor into SHGs for building their capacities to manage their own finances and then negotiate bank credit on commercial terms. This book deals with the role of micro credit and SHGs in the socio-economic empowerment of women. CONTENTS July 2010 Pages: 264 1. Credit, Gender and Empowerment Rural Sponge; ; Dynamics of Rural Credit Delivery; Micro Credit: An Outline; Beyond Hardbound 5 x 9 Micro 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 Revolving ISBN: 978-81-7708-249-4 Fund; SHGs and Bank Linkage; Different Models; Self-help Groups and Income Generation...; 3. Exploration Plan of the Study Price: Rs. 665 What to Explore?; Conceptual Framework; Guiding Questions; Area Profile; Sampling Design; The Data; 4. Identities and Organizational 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; Asset Entitlement; Economic Empowerment Index...; 6. Social Empowerment Empowerment: A Holistic Approach; Credit for Empowerment Strategy; Changing Mindsets; Transformed Awareness; Information and Political Awareness; Transformation Potential; Operational Parameters and Social Autonomy; Social Empowerment Index; Summing Up; 7. Reflections Indias Marginalised Groups; Role of Self-help Groups; Economic Empowerment; Social Empowerment; Experiences of Women; Functional Efficiency, Economic Activity and Economic Empowerment; Positive Outcomes; Negative Outcomes; The Way Ahead; Concluding Remarks.
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Bibliography; Index
Women in the Unorganized Sector of India
new
By Rameshwari Pandya, Senior Faculty Member, Faculty of Family and Community Sciences, M.S. University of Baroda Sarika Patel, M.Sc. and Post-graduate Diploma in Development Management, Faculty of Family and Community Sciences of the M.S. University of Baroda According to the final report of the National Commission for Enterprises in the Unorganised Sector (NCEUS) released in April 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 therefore extremely vulnerable to exogenous shocks. The problems of women workers in general and in the unorganised sector in particular deserve special emphasis and focus in view of their marginalised position within the class of workers. Even when women are not employed in the sense of contributing to the national output, a considerable share of their time is consumed by socially productive and reproductive labour. 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 upward mobility in the industry. The overall picture that emerges is one of greater disadvantage for women workers in general and those 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 the Government to address these problems are also discussed. Importantly, it includes a case study of women in the embroidery industry of Surat city of the Indian state of Gujarat.
July 2010 Pages: 208 Hardbound 5 x 9 ISBN: 978-81-7708-251-7
Price: Rs. 490 CONTENTS 1. 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 Womens Entry into 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 the Beijing Platform for Action (PFA); 3. Constitutional and Legal Safeguards for Women in India Constitutional Provisions for Women in India; Objectives of Women-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 Indias Unorganized Sector Introduction; Wage Payment Systems for the Unorganized Workers; Wage Workers 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 Womens Work in the Unorganized Sector Women and the Economy; Vicious Circle of Poverty and Gender Inequality; Definitions of Work and Unorganized Workers; Organized and Unorganized Sector Employment; Women in the Unorganized Sector; Self-employed Workers; Characteristics of Unorganized Sector; Characteristics of Womens Work in India; 6. Problems Faced by Women in the Unorganized Sector Nature and Magnitude of the Problem; Double Burden of Work; Nature of Work Participation of Women; Sexual Division of Labour; Problems Faced at Work; Lack of Social Security; Health Problems; Emotional Problems; Dual Responsibility; Non-conventional Place of Work; Problems of...; 7. Policies, Strategies
and Programmes for Women in the Unorganized Sector Policies for Unorganized Sector; Strategies for Empowerment of Women in the Unorganized Sector; 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
NEW

CENTURY CENTURY
Foreign Policy Dimensions
23
Continuity and Change
Foreign Policy of India
new
Edited 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 Indias foreign policy since Independence in 1947. The initiative for Non-aligned Movement (NAM)the biggest independent and informal association of countries on a sui generis basiscame from three nations, viz. India, Yugoslavia and Egypt, represented by the three statesmen Jawaharlal Nehru, Joseph Tito and Gamal Abdel Nasser respectively. From its modest beginnings at the Belgrade Conference in 1961 with a participation of 25 nations, the NAM has expanded to include 119 members at the Sharm El 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 polity and consequently in Indias foreign policy. India unveiled the Look East policy in 1991. East Asiaincluding Japan, China, South Korea and ASEAN is today Indias largest trading partner, ahead of EU and the US. Indias foreign policy posture in recent years, particularly towards the region of West Asia and North Africa (WANA), has been a subject of intense debate. Indias growing relationship with the US and Israel, and its lukewarm stand on Iraqi crisis and Iranian nuclear issue is seen as a fundamental shift in the Indian foreign policy exercise. Critics have accused the succeeding Indian governments during the past two decades of abandoning its independent foreign policy, of deviating from Nehruvian national consensus in foreign policy matters, and towing the pro-American line. Others have July 2010 Pages: 430 Hardbound argued that the radical shift in the orientation of Indian foreign policy in terms of its pro-American tilt bears the mark of 7 x 9 ISBN: 978-81-7708-243-2 realism and pragmatism that is dictated by the demands of globalisation. Price: Rs. 1530 The present book contains 28 scholarly paperscontributed by experts in the fieldwhich provide deep insights into the various dimensions of Indias foreign policy, focusing on recent developments. CONTENTS Part I: Indias Foreign Policy: General 1. Understanding Indias Foreign Policy: Non-alignment and the Way Ahead K.S. Pavithran; 2. Technology Transfer and Indias Foreign Policy Shaji. S; 3. Managing Indian Economic Diplomacy in the Era of Globalization M. Basheer Ahmed Khan; 4. Indias 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 Jigar Patel 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-China Relations R.S. Vasan; 9. Indias Policy towards Rising China G. Supriya and Mohanan B. Pillai; 10. Indias Look East Policy: An Empirical Study Amal Sarkar Part III: India, Pakistan and West Asia 11. Changing Threat Perception from West Asia: Indias Options A.K. Pasha; 12. Indo-Pak Relations: New Trends Sudhir Singh; 13. Three Frontiers Theory and Indias Relations with Pakistan and China L. Premashekhara Part IV: India and South Asia 14. Indias Threat Matrix and South Asia M.D. Nalapat; 15. Struggle for Democracy in Myanmar: Indias Response V. Suryanarayan; 16. Nation-building and 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 Transboundary 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: Impact of 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: Perspectives for the 21st Century B. Krishnamurthy; 27. Indias 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. Index
P O L I T I C S / F O R E I G N A F FA I R S
Nehru and Modern India

building
An Anatomy of Nation-
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Edited by G. Gopa Kumar, Honorary Director, UGC-Nehru Studies Centre, University of Kerala, Thiruvananthapuram Pandit Jawaharlal Nehruthe First Prime Minister of Independent Indiawas the embodiment of spirit and ideals of democracy, socialism, secularism, nationalism, equality and social justice. Estimating the contemporary significance and historical relevance of Nehru will always remain a challenging task for the students of social sciences. Nehru continues to remain a crucial link between the evolution of Indias contemporary nationalism and the transition towards a middlerange power among the countries of the modern world. Along with other great stalwarts of freedom movement, Nehru was successful and practical in envisioning a modern India. Given the complex social, cultural, political and historical background of the Continent, this was a tremendous task. In the post-Independence scenario, Nehru was able to provide a strong foundation to the political system and clear directions to foreign and domestic policies. Despite the fast changing nature of
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West Asia
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. CONTENTS 1. Nehru, Mixed Economy and Aspects of Foreign Policy A.K. Pasha; 2. From Nehru to Pravasi Bharatiya Diwas: Changing Contours of Indias Diaspora Policy 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 Indias 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 Indias New Foreign Policy Rahul Tripathi; 9. The Nehruvian Legacy: The Eternal and the Ephemeral in Foreign Policy B. Ramesh Babu; 10. Jawaharlal Nehrus Dialectics R.L.M. Patil; 11. Nehru, Democracy and the North-East Sudhir Jacob George; 12. Contextualizing Nehruvian Development: Democratic Compulsion and Political Reality V. Bijukumar Index
Contemporary West Asia
Politics and Development
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Edited 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 far more other important issues and challenges that are currently troubling the governments of West Asian nations. These include (a) political, economic and social challenges, (b) Islamic militancy, (c) growing unemployment, (d) democratic reforms, (e) human rights, (f ) living conditions of expatriates, and (g) urbanization. Added to this list are environmental risks with such dimensions as overfishing, soil and water pollution by petroleum industry, scarcity of fresh water and desertification. This bookcontaining 11 contributions by scholars in the fielddeals with these internal challenges of the region. CONTENTS 1. Neo-Liberalism and Development Debates: Contextualizing in Saudi Arabia Jajati K. Pattnaik 2. The GCC Countries Response to Desertification A. Kannan 3. Globalisation and Social Change: The Case of United Arab Emirates (UAE) Asif Suja 4. Migrant Work and Human Rights in the GCC Countries: Emerging Scenario after Migrant Labour Unrest July 2010 Pages: 320 M.V. Bijulal Hardbound 5 x 9 5. Water Sharing in West Asia: A Case Study of the Euphrates River System Gazzala Sabana ISBN: 978-81-7708-247-0 6. Aspects of Economy and Human Resource Development in Israel Kumar Raka Price: Rs. 790 7. Situating the Hobbesian State of Iraq in Contemporary International Relations Arshi Khan 8. Oil, Democracy and Terrorism: An Inevitable Nexus in the Gulf Vrushal Ghoble 9. Islamic Responses to the Western Modernity Project: Within and Beyond Kundan Kumar 10. Changing Dynamics of Muslim Brotherhood in Egyptian Politics Fazzur Rahman 11. Islamic Resurgence in the Age of Globalization and Democracy: Hamas Changing Strategies in Palestinian National Movement Rajeesh Kumar P. P Index
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West Asia
Civil Society, Democracy and State
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Edited 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 the individual and the state. The notions of democracy and civil society are inextricably linkeddemocracy fosters the development of civil society as it allows freedom of association to the individuals. This space then links the individuals to the state. In the backdrop of wave of political liberalization sweeping through the region since the early 1990s, the debate on democratization in West Asia has been associated with the study of three crucial issues, namely whether civil society exists in the region? What are its strengths? What are its weaknesses and what the future holds for its existence? Evidence from the political processes of some countries of the regionsuch as Jordan, Turkey, and Gulf Statesreveals 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 in the context of West Asia.
CONTENTS
1. Civil Society, Democracy and State in West Asia M.S. Agwani; 2. Civil Society and its Implications for Political Reforms in West Asia Anwar Alam; 3. Politics of Civil Society in West Asia A.K. Ramakrishnan; 4. Struggle for July 2010 Pages: 268 Hardbound 5 x 9 Democracy and Civil Society in Gulf Cooperation Council (GCC) States A.K. Pasha; 5. Role of Civil Society ISBN: 978-81-7708-228-9 Organizations 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 Price: Rs. 690 Rushda Siddiqui; 8. Internet, Dissent and Virtual Public Sphere in Saudi Arabia M.H. Ilias; 9. Political Legitimacy of Monarchy and Civil Society in Jordan Shelly Johny; 10. Role of Israeli Civil Society in Conflict Transformation Moinuddin Ahmed; 11. Civil Society, 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. Index
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International Relations
25 new
World Order, Multipolarism and Terrorism

The Indian Approach
By 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 a descriptive format while factoring India in the entire gamut of national, regional and international politics and arguing that the developments indicate both challenges and opportunities. The challenges from climate change to confronting and managing troubled regions in the world have become daunting tasks and Indias role has become prominent in meeting these challenges. Opportunities too are varied and range from collective shaping of the international dynamics to widening international peace and development discourse in the framework of ideal human unity. India with its nonantagonistic 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, the happenings in Afghanistan-Pakistan and the issue of terrorism have made the book timely. The book is an important reading for all those interested in contemporary international developments and their implications. CONTENTS 1. 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. Indias Foreign Policy and Relations. 8. Conclusion. Index
India, Global Powers and West Asia

Political and Economic Dynamics
Edited by Anwar Alam, Director, Centre for West Asian Studies, Jamia Millia Islamia, New Delhi
new
Indias economic interests and its self imagination as an emerging global power have assumed a higher priority in defining Indias foreign policy and security goals since early 1990s. This has guided the Indian policy makers to intensify its engagements with Iran, Saudi Arabia, Israel and other GCC countriesaround which Indian foreign policy in the region revolves today in the political and economic sense of the term. This book deals with evolving political and economic dynamics and interactions of India with global and regional powers in West Asia, with particular focus on Persian Gulf in the post-Cold War period. It examines Indias 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. CONTENTS 1. Relations with Israel and Indias Great Power Aspirations P.R. Kumaraswamy. 2. Impact of Indias Partnership with Israel: Major Trends in the Post-Cold War Period K.M. Sajad Ibrahim. 3. Turkish-Indian Relations after the Cold 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 GCCTrade and Geopolitical Engagements Faisal Ahmed. 7. Resurgent Russia and the Gulf Prasanta Kumar Pradhan. 8. Indias Energy Requirements, Natural Gas and the Persian Gulf Pranav Kumar. 9. US-Iran Rivalries in the Region and its Implications for India M. Mahtab Alam Rizvi. 10. Containment and Competition between US and Iran in the Caspian Sea Region: Implications for India Pankaj Kumar. Index
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Healthcare and Human Development
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Edited 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 harmonious development of physical and mental capacities of the individual lead to the enjoyment of a rich and full life. It is not a negative state of mere absence of disease. Health further implies complete adjustment of the individual to his total environment, physical and social. Considerable achievements have been made since Independence in 1947 to improve health standards in the country. Nevertheless, problems abound. India has to deal with rising costs of healthcare and growing expectations of 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 also pose formidable development issues on account of their potential adverse impact on productivity and hence socioJuly 2010 Pages: 350 Hardbound economic development. The present volume comprises 26 research paperscontributed by psychologists, psychiatrists, home scientists, 7 x 9 ISBN: 978-81-7708-244-9 AIDS counsellors, social workers and human resources (HM) expertswhich provide deep psycho-social and Price: Rs. 1330 neurological insights into various dimensions of healthcare challenges being faced by India. Out of 26 papers, 15 papers 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 on management 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 Manisha Dasgupta; 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 Bharti Prabhakar; 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 Rajender and T.B. Singh; 11. Memory Impairment among HIV Infected People Yogita Rai and Tanusree Dutta; 12. Role of Media in Awareness of HIV/AIDS in Uttar Pradesh Sarika Jaiswal; 13. Psychological Aspects of High Risk Behaviour of HIV Sonal Sharma and Smita Jaiswal; 14. HIV/AIDS Awareness among 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 and Non-tribal Employed Divorced Women: A Comparative Socio-psychological Study Roshan Lal Zinta and Meera Manjul; 19. Conquering Childhood Depression S.P. Sinha and Shraddha Sharma; 20. Preventing Inhalant Abuse among Children Surila Agarwala and Satvir Singh; 21. Emotional Work and Mental Health A.V.S. Madnawat and V.K. Bhardwas; 22. Vulnerability to Sexually Transmitted Infections (STIs) in Adolescents Anubhuti Dubey and Dhananjay Kumar; 23. Type-A Behaviour, Emotional State and Sleep Pattern of Diabetics Smita Jaiswal; 24. Effects of Examination Stress on Adolescents 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 Index
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By 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) On the eve of Independence in 1947, Indian agriculture was characterized by feudal land relations and primitive technology, and the resultant low July 2009 Pages: 570 productivity per hectare. As a consequence, rural Hardbound 7 x 9 India presented a picture of mass poverty and 978-81-7708-201-2 widespread unemployment and under-employment. Price: Rs. 1880 Therefore, the first task of the Government in the immediate post-Independence period was to initiate growth process in agriculture on modern lines. Modernization of agriculture was required both in terms of technological and institutional changes. The Mid-term Appraisal of the Tenth Five Year Plan (2002-07) drew attention to the loss of dynamism in agriculture and allied sectors after the mid-1990s. Hence, various policy initiatives have been taken in recent years to 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 Vikas Yojana, 2007 and (g) National Food Security Mission, 2007. The impulses of economic reforms have been relatively less in scope and depth in the agricultural sector. Reforms in this sector were introduced only towards the end of the 1990s. These have included, inter alia, the following: (a) partial decontrol of fertiliser prices, (b) removal of bottlenecks in agricultural marketing, (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 rural development including the following: (a) Indira Awaas Yojana, 1986, (b) Rural Infrastructure Development Fund, 1996, (c) Swarnjayanti Gram Swarozgar Yojana, 1999, (d) Total Sanitation Campaign, 1999, (e) Pradhan Mantri Gram Sadak Yojana, 2000, (f) National Nutrition Mission, 2001, (g) National Rural Employment 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 and transformation of rural India during the post-Independence period. It explains the key reform measures undertaken for the modernization of agriculture and raising the standard of living of the rural population. Part I of the book, containing 15 chapters, provides a detailed description of the various aspects of agricultural development in India since Independence in 1947. Part II contains 11 chapters which deal with various programmes/schemes to improve the quality of life of the rural masses. Part III provides year-wise review of agricultural developments in India, covering the period 1947-48 to 2008-09. Part IV consists of appendices which provide relevant material on different aspects of Indian agriculture and rural development. Part V contains glossary of agricultural terms. Part VI contains time-series data (1950-51 to 2007-08) on Indian agriculture.

Monetary, Banking and Financial Developments in India 1947-48 to 2009-10

By Niti Bhasin, Assistant Professor, Department of Commerce, Delhi School of Economics, University of Delhi, Delhi Money, banking and finance are the nerve-centre of an economy.They cover the whole gamut of legal and institutional arrangements, financial July 2009 Pages: 656 intermediaries, financial markets and instruments with both domestic and external dimensions. Hardbound 7 x 9 The present book explains and examines at length 978-81-7708-206-7 the changes which have swept Indias monetary, Price: Rs. 2080 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 stability and flow of credit to priority sectors of the economy. Monetary policy reforms in India since 1991 are also covered in this part of the book. Part II traces the evolution and the present status of various financial intermediaries in India. The areas covered include: commercial banks, cooperative banks, development finance institutions (DFIs), non-banking financial companies (NBFCs) and mutual funds. Part III begins with the role of financial system in economic development. It traces the evolution of Indias financial system since Independence, explains its present structure and provides glimpses of its future development. Furthermore, it gives an account of the various components of financial markets in India (money market, Government securities market, capital market, insurance market and foreign exchange market) and explains recent measures 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 Policy Statement of the RBI for the Year 2009-10. Appendix 2 summarises Developmental and Regulatory Policies of the RBI for the Year 2009-10. Appendix 3 records policy measures by the RBI from September 2008 to March 2009 to mitigate the adverse impact of global economic crisis on the Indian Economy. Appendices 4 to 8 provide relevant information on the subject. Part VI provides annual review of money and prices in India from 194748 to 2008-09. Part VII provides annual review of banking and financial developments in India 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, business management, chartered accountancy and company secretaryship. It will also serve the needs of legislators, business executives, entrepreneurs and investors, and others interested in monetary, banking and financial developments in India.

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Information Technology (IT) in the Indian Economy Policies, Prospects
and Challenges
Edited by M.S. Bhatt, Professor and Head, , Department of Economics, Jamia Millia Islamia, New Delhi, India Asheref Illiyan, Senior Assistant Professor, Department of Economics, Jamia Millia Islamia, New Delhi India has emerged over the last 20 years as the July 2009 Pages: 372 most preferred destination for outsourcing of Hardbound 7 x 9 Information Technology (IT) services. The vibrant 978-81-7708-205-0 IT industry is contributing immensely by providing Price: Rs. 1260 information about latest technology and international business practices. Various sectors of the Indian economy, such as industry, finance, insurance, communications and transport, have adopted IT in a big way. Trade in IT and IT-enabled services has been the main driver of growth in Indias trade in services in recent years. Starting out with basic data entry tasks, the industry has rapidly acquired a reputation as the primary low-cost destination for voice-based customer contact/support services, finance and accounting, and a range of back-office processing activities. The past few years have seen the scope of these services expanding to include increasingly more complex processes involving rulebased decision making and research/analytics services requiring informed individual judgment and domain/vertical knowledge. Indian companies adopt all the modes for supply of IT services abroad.The larger companies have set up wholly-owned subsidiaries in USA, UK and the European continent or have opened branches to facilitate the supply of services. Some of them have adopted the strategy of acquiring local companies or entering into strategic partnerships with them.They use the quality processes, innovative technologies and delivery models of acquired companies to penetrate the local market. They have permanent employees or hire consultants based in the host country. However, there are certain areas of concern which need to be given the desired policy attention and weightage. Some of these are: (a) sustainability of high growth rate of software exports in future, (b) shortage of skilled labour, (c) low diffusion of information technology in the domestic market, (d) lagging hardware sector, (e) regional concentration and (f) excessive dependence on USA. Hence, there is a need for recasting of approach to the growth of IT sector. Dispassionate debate/discussion on the various aspects of Indian IT sector is a necessary requirement for such a rethink. It is against this backdrop that the present volume seeks to provide answers to some of the key issues and questions. It consists of 16 research papers, authored by eminent scholars in the field, which have been categorised in the following 3 theme parts: Part I: Performance, Challenges and Prospects of Indian IT Sector, Part II: Diffusion (Use) of IT into Other Sectors of the Economy and Part III: Social Aspects of IT Sector.

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By Anup Chatterjee, Associate Professor, Department of Economics, A.R.S.D. College, University of Delhi K. Narindar Jetli, GM (HRD) Jaquar & Co. Delhi After 60 years of development efforts, India is presently one of worlds fastest growing economies. In the last few years, it has emerged as a global economic power, the leading outsourcing destination and a favourite of international investors. In India, the tilt July 2009 Pages: 598 towards economic liberalisation started in 1985 when Hardbound 7 x 9 Government announced a series of measures aimed at 978-81-7708-203-6 deregulation and liberalisation of industry. These measures, described as New Economic Policy, were Price: Rs. 1940 followed by drastic changes introduced by the 1991 Industrial Policy Statement of the Government. By and large, Indian industry has upgraded technology and product quality to a significant degree and met the challenge of openness after being protected for so long. The Competition Act, 2002 passed by the Parliament seeks to establish a procompetitive legal framework, contain anti-competitive practices and abuses of dominance and yield better regulation of markets. Micro, Small and Medium Enterprises Development Act, enacted on June 16, 2006, provides the first-ever legal framework recognising the concept of enterprise (comprising both manufacturing and service entities) and gives an investment-based definition to the three terms. Similarly, various initiatives have been taken for the development of infrastructure. India Infrastructure Finance Company Limited (IIFCL) was incorporated on January 5, 2006 to lend funds of longer term maturity, directly to the eligible projects to supplement other loans from banks and financial institutions. Electricity Act, 2003 recognizes trading of power as a distinct activity and permits State Electricity Regulatory Commissions (SERCs) to allow open access in distribution of electricity in phases that would ultimately encourage efficiency and competition. Rajiv Gandhi Grameen Vidyutikaran Yojana ((RGGVY) was launched by the Prime Minister on April 4, 2005. This scheme is for rural electricity infrastructure and household electrification. On August 15, 2002, the Prime Minister approved an important initiative called National Rail Vikas Yojana to put Indian Railways on the path of fast track growth. The National Highways Development Project (NHDP)the largest highway project ever undertaken by the countryis being implemented by the National Highways Authority of India (NHAI). New Telecom Policy (NTP), 1999 provides the basic framework for the future development and growth of the telecom sector in the country. Special Economic Zones Act, 2005 seeks to promote value addition component in exports, generate employment and mobilize foreign exchange. Part I of the book contains 10 chapters which trace developments in different aspects of industrialization during the post-Independence period and explain key reform measures undertaken for making Indian industry internationally competitive. Part II consists of 7 chapters which deal with various facets of infrastructure development in India. Part III provides year-wise review of problems, policies and progress of industry and infrastructure in India, covering the period 1947-48 to 2008-09. Part IV consists of appendices which provide relevant material on different aspects of Indian industry and infrastructure. Part V contains glossary of terms related to industry/infrastructure.

Special Economic Zones (SEZs) in India Lessons from China

By 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 Special Economic Zones (SEZs). Encouraged by Chinas success, many developing countries, including India, are trying to replicate this new strategy 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. SEZ can 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 was part of Chinese model of export-led growth. Many in India believe that SEZs will create thousands of skilled and semi-skilled jobs in exportoriented 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 economic development and export promotion. The move is a bold departure in the basic approach to development efforts. It is an acknowledgement of the 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 economies of India and China with focus on SEZs as vehicles of faster economic development.
July 2009 Pages: 270 Hardbound 5 x 9 978-81-7708-202-9 Price: Rs. 675
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Foreign Trade Policy and Trends in India 1947-48 to 2008-09
By Vibha Mathur, Associate Professor, Department of Commerce, Jesus and Mary College, University of Delhi, Delhi Since early 1990s world economies have witnessed a paradigm shift towards market-oriented economic policies and a careful dismantling of obstacles in international trade. This has helped developing countries like India to gain access to July 2009 Pages: 580 world markets, modern technologies and Hardbound 7 x 9 collaborations. This has also given them a window 978-81-7708-207-4 to the developed world and helped them to Price: Rs. 1940 understand the significant role of foreign trade as an effective instrument of economic growth and employment generation. Beginning 1991, Government of India has introduced a series of reforms to liberalise and globalise the Indian economy. Reforms in the 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-Independence developments in Indias foreign trade and allied sectors with focus on post-1991 period. The book covers the following specific topics: Changing Pattern of International Trade Pre-and Post-Independence Developments in Indias 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 Investment The book provides special coverage to the following topics: Globalisation and International Trade Global Economic Crisis and International Trade Indias Regional Trade Agreements (RTAs) World Trade Organisation (WTO) and Indias Foreign Trade Global Economic Crisis and the Indian Economy Besides, it contains annual review of developments in Indias foreign trade from 1947-48 to 2008-09; 7 appendices containing relevant information on Indias foreign trade; glossary of trade-related terms and time-series statistics of Indias foreign trade.

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Budgets and Budgetary Procedures in India 1947-48 to 2009-10
By M.M. Sury, President, Indian Tax Foundation (ITF), New Delhi. (Formerly, Senior Reader in Economics, University of Delhi, Delhi) As a financial blueprint of a government, budget is an important instrument to carry out its policies and programmes. It is through the budget that a government arranges financial resources and July 2009 Pages: 622 allocates them among competing uses. Government budgeting is a subject of increasing importance and Hardbound 7 x 9 interest in India. The high level of administrative, 978-81-7708-204-3 welfare and developmental activities of the Central Price: Rs. 2180 Government make for colossal amounts of both receipts 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-1991 reforms. 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 in developing countries. It describes various reasons for state intervention in the working of an economic system with special reference to the provision of public goods. Modes of state intervention are also explained. Furthermore, it provides conceptual framework for budgetary techniques. Part II of this work explains (a) constitutional provisions and parliamentary procedures and controls applicable to the budgetary exercise of the Government of India, (b) structure of the Central Government budget, (c) functional, economic and cross-classification of the budget and (d) recent budgetary reforms in India including gender budgeting. Part III is devoted to taxes, expenditure, subsidies and debt liabilities of the Central Government. It also includes taxes of the State Governments. Part IV explains the nature of Centre-State and State-Local financial relations in India and the existing arrangements for inter-governmental financial transfers. Part V contains highlights and summary of each Central Government budget from 1947-48 to 2009-10. Part VI consists of 12 Appendices which provide supplementary information related 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 the mechanics of governmental financial transactions will also serve the needs of legislators, administrators and those in industry and trade.

Foreign Trade, Public Finance and Global Economics
Asian Economic and Financial Integration in Global Framework

By Pradeep S. Chauhan, Fellow, South Asian Study Centre, St. Antonys College, University of Oxford, U.K. This book analyzes the nature of Asias merging regionalism, providing a basis for understanding its dimensions and further discussion on ways to move forward.The dynamic and outward-looking style of Asian regionalism can have a significant impact in an inreasingly globalized world. Regionalism can be a stabilizing factor when shocks arise, whether region-based or externally-imposed. Reflecting the diversity of economies and their histories, regional integration follows markedly different patterns across the world. Europe has a long history of regional integration, underpinned by a strong institutional framework. North America has chosen a free trade area arrangement that does not foresee the creation of supranational institutions. In Latin America, the initial objectives of a common market and coordinated economic policies of Mercado Commum de Sur (MERCOSUR) have suffered setbacks caused by financial turbulence in the region in the late 1990s. In Asia, trade integration 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 and compared with successful European economic and monetary integration. To give a more extensive view to the readers, separate chapters have 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 and challenges of economic and monetary integration.
September 2009 Pages: 382 5 x 9 Hardbound 978-81-7708-224-1 Price: Rs. 890

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Venture Capital Funding Global and Indian Experiences

Right to Information (RTI) and Rural Development in India
Edited by Sudhansu Sekhar Mishra, UNS Mohavidyalaya, Khairabad, Mugupal, Jajpur, Orissa Sudhansu Kumar Das, Lecturer in Commerce, Sadhu Goureswar College, Kanikapada, Jajpur, Orissa Rajan Kumar Sahoo, B.S. College, Nuahat, Arakhpur, Jajpur Since Independence in 1947, numerous programmes and schemes have been launched and massive amounts September 2009 spent for the development of rural areas of India to Pages: 224 5 x 9 uplift rural masses. However, the overall socio-economic conditions of rural people continue to be unsatisfactory. Hardbound 978-81-7708-214-2 Rural India is still marked by many vulnerabilities like high incidence of poverty, unemployment, illiteracy, Price: Rs. 585 malnutrition and related diseases, poor infrastructure among others.The failure is attributable chiefly to the faulty implementation of development and welfare programmes which remain shrouded in mystery and bureaucratic delays. The enactment of the Right to Information (RTI) Act 2005 was a landmark in the history of administration in India. The new legislation has brought sensitivity, responsibility and accountability to the development process in the rural areas. RTI Act is path-breaking in controlling corruption and delays in the implementation of government-sponsored programmes and in the functioning of public authorities. The present book contains 18 research papers contributed by researchers, social thinkers and academicians. They have studied the scope, different provisions, strengths and shortfalls of the RTI Act and made valuable suggestions to make the common man partner in the development efforts for rural India.

By Vandana Panwar, Assistant Professor, Department of Management Studies, Takshilla Institute of Engineering and Technology, Jabalpur, Madhya Pradesh Venture capital funding is an increasingly important area for entrepreneurial ventures in both industrialized and developing countries. Venture capital has become especially important in India in developing information technology (IT) sector. September 2009 Venture capital is a form of equity financing in which the investor actively participates in the venture being Pages: 334 5 x 9 Hardbound financed. Although the concept as such is very old, a formal market for venture capital in the US started 978-81-7708-222-7 only after World War II. A venture capital firm manages Price: Rs. 770 funds provided by investors and directs them to the most promising ventures, mainly in the form of equity. This volume, which includes 13 case studies, provides an exhaustive account of the theory and practice of venture capital firms.The reader will gain insight into the operation of venture capital funding in India. The book examines in detail the contracts between venture capital firms and entrepreneurs to determine what provisions are included in these contracts that help in decisionmaking such as appraisal, screening, self-selection, monitoring, incentivizing and divestment. Experiences of other countries in managing venture capital operations are also explained in the book.

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Banking, Micro Finance and Self-help Groups (SHGs) in India
Edited by A. Vijayakumar, Reader, Faculty of Commerce, Erode Arts College, Erode, Tamil Nadu Prior to initiation of reforms in 1991, Indian banking industry suffered from lack of competition, low capital base, inefficiency and high intermediation costs. Ever since the bank nationalisation of 1969, the banking sector had been dominated by the public sector along with a high degree of financial repression characterised by July 2009 administered interest rates and allocated credit. Pages: 354 Banking sector reforms of the last two decades have placed greater emphasis on structural measures and Hardbound 5 x 9 improvement in standards of disclosure and levels of 978-81-7708-209-8 transparency in order to align the Indian standards Price: Rs. 790 with international best practices. Reforms have brought about considerable improvements as reflected in various parameters relating to capital adequacy, asset quality, profitability and operational efficiency.The key objective of reforms in the banking sector in India has been to enhance the stability and efficiency of banks. An outstanding feature of banking sector reforms in India has been the emergence of micro credit as the most suitable and practical alternative to the conventional banking in reaching the hitherto unreached poor population. The Self-help Group (SHG)-Bank Linkage Programme was formally launched in the year 1992 as a flagship programme by National Bank for Agriculture and Rural Development (NABARD) and aptly supported by the Reserve Bank of India (RBI) through its policy support. This book contains 25 research papers focusing on varied aspects of Indian banking, micro finance and SHGs penned with an in-depth analysis by academics and research scholars and duly edited by a renowned author. The book will be of immense help to all those interested in the study of new innovations in Indian banking in the changing global business scenario.
Modern Banking in India Dimensions

and Risks
Edited by R.K. Uppal, Head, Department of Economics, DAV College, Malout, Punjab Bishnupriya Mishra, Professor of Finance, Krupajala Group of Institutions, Bhubaneswar The key objective of reforms in the banking sector in India since early 1990s has been to enhance the stability and efficiency of banks. The enactment of the Securitisation, Reconstruction of Financial Assets and July 2009 Enforcement of Security Interest (SARFAESI) Act, 2002 was an important landmark in the ongoing Pages: 278 Hardbound 5 x 9 reforms in the financial sector. The Act enables the 978-81-7708-212-8 setting up of asset management companies, addressing the problem of non-performing assets (NPAs) of banks Price: Rs. 660 and 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 raised new concerns for both bankers and supervisors. Bankers have identified security risk as a primary concern relating to E-banking. External threats such as hacking, sniffing, spoofing and denial of service attacks expose banks to new security risks. The present volume contains 16 well-researched papers dealing with different aspects of current banking practices in India. The papers, authored by experts in the field, explain and evaluate Indian banking system in the liberalised regime and offer policy recommendations for improving efficiency of banks to achieve standards comparable to best international practices. This work, it is hoped, would prove immensely useful to academicians as well as practitioners in the field.
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Business Environment in India
Some Aspects
Edited by R.K. Uppal, Head, Department of Economics, DAV College, Malout, Punjab Bishnupriya Mishra, Professor of Finance, Krupajala Group of Institutions, Bhubaneswar Business environment in India has improved considerably after the initiation of economic reforms in early 1990s. Domestic and foreign investors are finding it easier to do business after the reforms which are aimed at reorientation of the centrally controlled economy to a July 2009 market-oriented one in order to foster greater efficiency Pages: 324 and growth. This is being done by introducing greater Hardbound 5 x 9 competition in the economy through progressive internal 978-81-7708-213-5 deregulation accompanied by external competition Price: Rs. 670 promoted by foreign direct investment and trade liberalisation. No area of the Indian economy has been as much influenced by the impulses of reforms as the industrial sector. The financial turmoil which surfaced in August 2007 in the US financial system has also adversely hit the Indian economy. Ever since the initiation of economic reforms, India is more integrated into the world economy than ever before. Compared to other emerging economies, India has several strengths that can help mitigate the adverse effects of the global economic crisis provided appropriate policy action is initiated. It can safely be said that in spite of the global meltdown, Indian economy remains robust and offers ample opportunities for business, both to the domestic and foreign entrepreneurs. This work comprises 21 research papers dealing with various aspects of current business scenario in India. The papers, authored by experts in the field, examine economic policies of the Indian Government and throw up issues for discussion among academicians, policy makers and others interested in latest trends in the Indian economy.

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Globalisation and the Indian Economy
Edited by Ravi Prakash Yadav, Faculty, Department of Industrial Relations and Personnel Management, T.M. Bhagalpur University, Bhagalpur National policieseconomic, social and culturalthat until recently were determined by the States and people within a country have increasingly come under the influence of international agencies and processes. This has led to the narrowed ability of governments and people to make choices from options in economic, social and cultural policies. July 2009 Globalisation implies widening and deepening Pages: 388 integration with the globe, i.e. with people and processes Hardbound 5 x 9 abroad. Globalisation is widely seen as the most 978-81-7708-208-1 important factor that could influence economies of Price: Rs. 875 nations the world over in the new millennium. The rapid advancement in information technology and communications has made it not just possible but absolutely essential for economies 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.The support of the poor for reforms and their involvement in the development process can be achieved only if they start benefiting from government policies. On the positive side, globalisation has compelled developing countries to improve overall economic management, and make their economies efficient. Despite distortions and aberrations, globalisation is a reality. Developments in information and communication technologies are unifying markets and people, cutting across barriers of space and time. This volume is a collection of 26 academic and research papers contributed by scholars in the field belonging to reputed universities and centres of academic excellence in India. This work, it is hoped, will generate meaningful debate and discussion on this topical subject affecting the lives of the people across the board.

Globalisation and Small Enterprises
Global Economic Crisis and the Indian Economy

By M.M. Sury, Formerly, Senior Reader in Economics, University of Delhi, Delhi Financial turmoil which surfaced in August 2007 in the US financial systemas a result of defaults of subprime mortgage loanshas blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets. It was preceded by an extended phase of buoyant world September 2009 economy characterized by output expansion, burgeoning Pages: 204 5 x 9 world trade, favourable financial and economic Hardbound conditions, liquidity overhang and low interest rates. 978-81-7708-225-8 Economists termed it as a period of Great Moderation. Price: Rs. 495 The Great Moderation soon turned into Great Dismay when global financial confusionsimmering since August 2007began unleashing its full fury in September 2008 with a series of failures of major financial institutions.The crisis has traversed from the financial to the real sector and it now looks like that the recession which is keeping world governments on tenterhookswill be deeper and the recovery longer than earlier anticipated.Though adversely affected by global meltdown, Indian economy has shown considerable absorption capacity and resilience. This book is all about current economic crisis, its origin, causes, impact, world response, world economic outlook and lessons to be learnt. The focus of the work, however, is on the impact of global economic crisis on India and the policy response by the Government of India, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and other agencies. Being topical, the work will interest a cross-section of readers including teachers and students of economics, commerce, management and also political leaders, analysts, academicians and laypersons who are mystified about a subject unrelated yet close to them.

Micro, Small and Medium Enterprises (MSMEs) in the Indian Economy

Business Development Strategies
By 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 range from the most modern to the simple and traditional units. The operational range varies from independent enterprises to ancillaries, sub-contractors and vendors engaged in catering to the needs of the markets, extending from the domestic to the global horizon.These enterprises exist in various forms such as proprietorship, partnership, companies or co-operatives. Though the main objectives of small enterprises are almost the same, they are defined and viewed differently in different
September 2009 Pages: 216 5 x 9 Hardbound 978-81-7708-219-7 Price: Rs. 545
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 enterprises were fragmented across various Ministries/Departments of the Government of India for the purpose of development schemes and concessions. In order to streamline procedures, correct discrepancies and avoid neglect of certain sectors, MSMED Act was enacted on June 16, 2006. This Act provides the first-ever legal framework recognising the concept of enterprise (comprising both manufacturing and service entities), defining medium enterprises and integrating the three tiers of these enterprises, namely micro, small and medium. This book deals with various aspects of the development of small enterprises in India, including their advantages, performance and problems. More importantly, it suggests measures which would enhance the competitiveness of small enterprises in order to enable them to compete in the globalised world.
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Consumer Behaviour and Rural Marketing in India

Mergers, Acquisitions and Corporate Restructuring in India Procedures and
Case Studies
By Rachna Jawa, Associate Professor, Department of Commerce, Shri Ram College of Commerce (SRCC), University of Delhi Corporate sector in India is undergoing structural changes as a result of liberalisation, privatisation and openness policies of the Government since early 1990s. Competitive pressures are high not only due to deregulation but also due to globalisation. Along with July 2009 the rise in the number of Merger and Acquisition (M&A) Pages: 272 deals, the amount involved in such deals has risen over Hardbound 5 x 9 time. There is also an increase in the number of open 978-81-7708-210-4 offers, albeit at a lower pace. Price: Rs. 640 Cross-border mergers and acquisitions are becoming popular 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 with investing in research and development and information technology. In India, while the provisions of Companies Act, 1956, govern mergers and amalgamations of domestic companies, acquisition of companies comes under the provisions of Takeover Code of Securities and Exchange Board of India (SEBI). In the case of foreign companies, while share acquisitions/takeovers require the approval of Foreign Investment Promotion Board (FIPB), mergers/ amalgamations require the approval of both the FIPB and the Reserve Bank of India (RBI). The present work deals with procedures and processes involved in financial restructuring of companies through mergers and acquisitions. More importantly, it contains 10 case studies of restructuring through mergers and acquisitions that have taken place in India during the last decade. The work, based on extensive statistical exercises, brings out the major issues that actually crop up in a restructuring exercise. The book, it is hoped, will enhance the understanding of the subject which has assumed added significance in the wake of liberalisation and openness wave sweeping across the world.

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By Meenu Agrawal, Reader and Head, Department of Economics, GDM Girls (PG) College, Modinagar The ultimate objective of all production is consumption for the satisfaction of varied needs of man. A free market economy provides freedom to the consumers to buy and consume goods of their choice. Buying preferences of the consumers send signals to the producers to produce various commodities in required September 2009 quantities. Producers, therefore, produces only those commodities which are desired by the consumers. Pages: 218 5 x 9 Consumer behaviour is related to likes and dislikes and Hardbound expectations of the consumers. 978-81-7708-215-9 Consumer behaviour has changed in recent years owing Price: Rs. 575 to enhanced awareness, information technology and more importantly governmental intervention through legislations. Thus, the manufacturers are more cautious in dealing with consumers of their respective products. The rural consumers in India account for about 73 percent of the total consumers. In recent years, the lifestyle of a large number of rural consumers in India has changed dramatically and the process of change is on. The buying behaviour of the rural consumers is influenced by several factors such as socioeconomic 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 class citizens in urban areas. It has yet to spread among the masses in rural areas. This book is an effort to understand buying behaviour of rural masses which is influenced by a host of diverse factors. The work is useful to understand the Indian rural consumer psyche in order to formulate an appropriate marketing strategy.

Population, Environment and Development

A Global Challenge for the 21st Century
Edited 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 all economic activities. Economic activities in turn affect the quantity and quality of natural and environmental resources. Economic activities change the stock of September 2009 natural resources. The change of stock calls for Pages: 408 7 x 9 appropriate trade-off between the needs of present Hardbound and future generations. Economic growth without 978-81-7708-217-3 environmental considerations can cause serious Price: Rs. 1370 damage to the quality of life of the present and future generations. The concept of sustainable development advocates economic progress in an environmentally responsible manner. Sustainable development attempts to strike a balance between the demands of the economic development and the need for protection of the environment. It seeks to combine the elements of economic efficiency, intergenerational equity, social concerns and environmental protection. This book is a collection of essays penned by an international group of distinguished scholars from the United States, Canada, United Kingdom, Hungary, Romania, South Korea, Japan and India. Contributions included in this book focus on interaction between population, environment and development in various areas of the world. The book provides fresh thoughts and broad understanding of the current issues and challenges to be faced in the present century pertaining to complex interrelationships between population, environment and development. It makes a significant 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 relevant for the contemporary society. The book is useful for a cross-section of readers including geographers, demographers, environmentalists, development economists, legislators and others interested in the dynamics of modern growth process.

Environmental Accounting and Reporting

Theory, Law and Empirical Evidence
By Shuchi Pahuja, Associate Professor, PGDAV College, University of Delhi, Delhi The last two decades have witnessed an increasing global concern for the harmful long-term impact of industrial activities on the environment and subsequently on financial performance of a company and economic growth of a country. This has led to a September 2009 growing demand from various stakeholders for Pages: 334 5 x 9 measurement of a companys environmental activities Hardbound and impacts, and subsequent public disclosure of this 978-81-7708-220-3 information. As a result, a new area of accounting has Price: Rs. 790 emerged, viz. environmental accounting. Environmental accounting at corporate level deals with identification, measurement, recognition and disclosure of environmental costs, liabilities and contingencies in the financial records of a company for the benefit of various internal and external stakeholders. This book provides a broad introduction to the whole area of environmental accounting and reporting (EAR). It covers environmental accounting, environmental reporting, and environmental auditing together as these are interrelated and form a very important part of a companys comprehensive environmental management system. An attempt has also been made to assess the need for a separate regulatory framework to address these issues more specifically.
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Health, Family Planning and Nutrition in India 1951-56 to 2007-12
Edited by Rameshwari Pandya, Senior Faculty, Faculty of Family and Community Science, Maharaja Sayajirao University of Baroda, Vadodara, Gujarat At the time of Independence in 1947, health care services in India were utterly inadequate, urbanbased and curative in nature. Majority of the population, especially the poor and those residing in rural areas, did not have access to modern health July 2009 Pages: 570 facilities. Consequently, the morbidity and mortality Hardbound 7 x 9 rates were quite high. Many women died while 978-81-7708-200-5 seeking abortion to get rid of unwanted pregnancy because access to contraceptives for preventing Price: Rs. 1890 pregnancies was not available. Similarly, antenatal and postnatal care and services were poor and out of reach for majority of women and their families. Improvement in the health status of the population has been one of the major thrust areas in social development programmes of India since Independence. Over the past six decades, India has built up a vast health infrastructure and manpower at primary, secondary and tertiary care levels in the government, voluntary and private sectors manned by professionals and para-medicals. India has invested massive amounts under the successive Five Year Plans in medical education, training and research which has ensured large manpower from the super-specialists to the auxiliary midwives. Considerable achievements have been made to improve health standards such 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 women and children. An unacceptably high proportion of the population continues to suffer and die from new diseases apart from the existing ones. Pregnancy and childbirth related complications also contribute to the suffering and mortality of women. This book provides a comprehensive introduction on current status of health and health-related services in India. It explains the procedures, objectives, achievements and failures of Indias Five Year Plans. More importantly, it contains Plan-wise documentation of objectives, policies, programmes and achievements 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 research and other matters pertaining to health. It also includes health-related statistics of India.

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Health Tourism in India
By M. Sarngadharan, Professor and Head, Department of Commerce, University of Kerala V.S. Sunanda, Selection Grade Lecturer, Post-graduate Department of Commerce, Devaswom Board College, Kollam The quality of service coupled with comparatively low charges for common surgeries has made India an attractive destination for medical value travel.The main clientele comes from the neighbouring countries but an increasing number of non-resident Indians (NRIs) July 2009 settled in the US and the UK have also been availing of Pages: 208 Hardbound 5 x 9 the healthcare services in India.There is a good prospect of patients coming from the Middle East in future. The 978-81-7708-211-1 competitiveness of India in health tourism is enhanced Price: Rs. 540 by the attractiveness of the alternative systems of medicine, Ayurveda in particular, for the foreign tourists. A large number of tourists, both domestic and foreign, undergo treatment under Ayurveda not only for improving their fitness and well-being but also for curing many types of chronic diseases. The unique position that Kerala enjoys with respect to Ayurveda is due to the fact that the treatment in the State has proved effective in dealing with certain diseases, which are incurable by other systems. The State is also well endowed with herbs and medicinal plants, which are used for treatment. With yoga, meditation, ayurveda, allopathy and natural herbal treatments, India offers a unique basket of services to foreign patient-tourists that are difficult to match by other countries. The recent operations of children from Pakistan in Bangalore have not only helped boost the medical economy in the state, but also helped in fostering goodwill, peace and harmony between India and Pakistan. The present work deals with the successful efforts in marketing health tourism products internationally, possessing glorious traditions of India.

Health and Gender Issues
Women Empowerment through Entrepreneurship

By T. Lavanya, Academic Consultant, Satavahana University, Karimnagar, Andhra Pradesh India's Eleventh Five Year Plan (2007-12) has recognized-for the first time-that women are not just as equal citizens but as agents of economic and social growth. The approach to gender equity in the Plan is based on the recognition that interventions in favour of women must be multi-pronged and they must (a) 2010 Pages: 230 provide women with basic entitlements, (b) address the 5 x 9 Hardbound reality of globalization and its impact on women, (c) 978-81-7708-227-2 ensure an environment free from all forms of violence against women-physical, economic, social and Price: Rs. 590 psychological, (d) ensure the participation and adequate representation of women at the highest policy levels and (e) strengthen existing institutional mechanisms and create new ones for gender mainstreaming and effective policy implementation. Any development strategy will be lop-sided without involving women who constitute half of the world population. Women entrepreneurship has gained momentum since the early 1980s when countries in Asia (particularly India and China) and elsewhere started liberalizing their economies. The resultant globalization propelled by foreign direct investment, technological innovations and manufactured exports has brought a wide range of economic and social opportunities to women entrepreneurs. The present work deals with various aspects of women entrepreneurship in India. It also explains the experience of other countries in this regard. Moreover, it examines in detail the activities and problems of women entrepreneurs in an important State of India, viz. Andhra Pradesh.
Women Empowerment through Work Participation

By Tinku Paul, Research Officer, G.B. Pant Social Science Institute (GBPSSI), Jhusi, Allahabad With the growing globalization and liberalization of the Indian economy as well as increased privatization of services, women as a whole have been left behind and not been able to partake the fruits of development. Mainstreaming of women into the new and emerging areas of growth is imperative. This will require training September 2009 and skill upgradation in emerging trades, encouraging more women to take up vocational training and Pages: 194 5 x 9 Hardbound employment in the booming sectors. Work participation of women especially in the rural 978-81-7708-221-0 context is being perceived as a policy prescription for Price: Rs. 535 removal of rural poverty and the much talked about feminization of poverty. Studies prove that female work participation is highly correlated with reduction in fertility rates, poverty ratios, enhancement of living standards etc. These positive outcomes have often catapulted the policy makers to promote female employment. The concept of empowerment highly depends on the incorporation of agency criterion in its assessment. This book is an attempt to unravel the association between female work participation and empowerment of women.

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Constitution, Government and Politics in India Evolution and Present Structure

Six Decades of Indo-US-Pak Relations
By B.B. Nagaich, Formerly Director, CPRI, Shimla and Associate Professor, IARI, New Delhi This book has been written jointly by a team of four experts, Dr. (Professor) B.B. Nagaich, Col. Jayant Kumar, Attorney Rajiv Nagaich and Ms. Sharda Nagaich, all specializing in different fields. It is different from other books on the subject. The current affairs books generally deal with limited period and limited topics. Normally such books discuss external relations, September 2009 military and security matters, militancy and terrorism Pages: 574 and trade or commerce. Sometimes there is a special 5 x 9 Hardbound article on cultural relations or nuclear issues. The 978-81-7708-216-6 present book, however, is unique as it contains chapters dealing with varying subjects like diversities in India, Price: Rs. 1485 Pakistan and the United States; cooperation between India and US in economic, agricultural and other sectors; US perspective of India and Indias 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 1940s and ends with 2009, covering a wide geographical area and a variety of subjects. 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 of an administrator, a military officer, a financial planner-cum-lawyer and a social worker. The book is useful for a cross-section of readership including statesmen, lawmakers, diplomats, teachers, students, social workers, agricultural specialists, economists, army men and administrators worldwide.

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By Biswaranjan Mohanty, Research Fellow, Centre for Political Studies, School of Social Sciences, JNU, New Delhi Before 1947, India was a dependency of the United Kingdom and consisted of British India, and the Princely States. It encompassed the entire area which now forms the four countries of India, Pakistan, Myanmar, and Bangladesh. July 2009 India inherited a dismal economy from the British Pages: 612 rulers at the time of Independence in 1947. Owing Hardbound 7 x 9 to poor technological and scientific capabilities, 978-81-7708-199-2 industrialization was limited and lop-sided. Price: Rs. 1970 Agricultural sector exhibited features of feudal and semi-feudal institutions, resulting into low productivity. The political system was fragmented and the national unity was in danger. Various factors were responsible for political problems which were threatening the very existence of India as a nation. The Constitution of India adopted on November 26, 1949, became operative on January 26, 1950. It provides for two layers of Government, one at the Central level, and the other at the level of the States. A federal polity of this kind requires division of powers and responsibilities between the Centre and the States. Hence, the Constitution describes in detail the legislative powers and functions of the two tiers of Government. It is the fountain-head of all legislations. India, with a population of more than one billion, is the worlds largest democracy. Indian polity consists of three main branches, namely the executive, legislature and the judiciary along with subsidiary branches like political parties, statutory institutions etc. This book presents a comprehensive description and analysis of the constitution, system of government and dynamics of politics in India, a geographically and demographically vast country inhabited by people professing different religions, speaking a variety of languages and adhering to diverse socio-cultural ethos.

School Education in India Quality

Improvement Techniques
Edited by S. Kumar, Head, Centre of Advanced Study in Education and Dean, Faculty of Education and Psychology, The Maharaja Sayajirao (M.S.) University of Baroda, Vadodara Sujata Srivastava, Senior Faculty Member, Department of Education, Faculty of Education and Psychology, The M.S. University of Baroda, Vadodara Since Independence in 1947, there has been an enormous expansion of school education in India. The 2010 Pages: 342 Hardbound 5 x 9 school segment has adopted and integrated Information 978-81-7708-226-5 and Communication Technology (ICT) to improve quality and productivity in education. However, the Price: Rs. 790 existing inequalities prevailing in school education system have led to digital divide. Other problems and challenges facing the system include outdated curriculum, pedagogy, lack of infrastructure, dropouts, teachers absenteeism, unequal access, lax administration and slow speed of vocationalization of education.This volume contains 31 papers, authored by the scholars in the field of education, which focus on various dimensions of school education in India. It is designed to act as a reference book for students of Bachelors in Education (B.Ed.), Masters in Education (M.Ed.), Post-graduate diploma in Education, Masters in Educational Management and other related courses. The contents of this volume 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 those who are related to the spread and improvement in educational standards. The volume is organized into 3 theme parts, each part containing papers related to a particular theme.

Regional Rural Banks (RRBs) in India

Edited by Meenu Agrawal, Reader and Head, Department of Economics, GDM Girls (PG) College, Modinagar Regional Rural Banks (RRBs) were started in 1975 to cater to the needs of rural economy of India. They pay particular attention to the credit requirements of small farmers, artisans and agricultural workers. They operate mainly at the district level. RRBs have a special place in the multi-agency approach adopted to provide agricultural and rural credit in India. The capital of September 2009 RRBs is contributed by the Central Government, Pages: 270 concerned State Government and a sponsor bank in 5 x 9 Hardbound the ratio 50:15:35. This book contains 18 papers 978-81-7708-223-4 contributed by scholars in the field of rural institutional Price: Rs. 685 finance. The papers examine almost every aspect of the functioning of RRBs including geographical coverage, clientele outreach, business volume and contribution to the development of the rural economy.

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Bhatt; Rs. 1260 Iran and Post-9/11 World Order edited by Anwar Alam; Rs. 660 Mergers, Acquisitions and Corporate Restructuring in India by Rachna Jawa; Rs. 640 Micro, Small and Medium Enterprises in the Indian Economy - Business Development Strategies by Pooja; Rs. 545 Modern Banking in India - Dimensions and Risks edited by R.K. Uppal; Rs. 660 Monetary, Banking and Financial Developments in India - 1947-48 to 2009-10 by Niti Bhasin; Rs. 2080 Contd...
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Population, Environment and Development - A Global Challenge for the 21st Century edited by B.R.K. Sinha; Rs. 1370 Regional Economic Disparities in India by V. Nachimuthu; Rs. 540 Regional Rural Banks (RRBs) in India edited by Meenu Agrawal; Rs. 685 Right to Information (RTI) and Rural Development in India edited by S.S. Mishra et al.; Rs. 585 Rural Development and Poverty Eradication in India by N. Mukundan; Rs. 530 Six Decades of Indo-US-Pak Relations by B.B. Nagaiach et al.; Rs. 1485 Special Economic Zones in India Lessons from China by Geeta Das; Rs. 675 Venture Capital Funding - Global and Indian Experiences by Vandana Panwar; Rs. 770 Women Empowerment Through Work Participation by Tinku Paul; Rs. 535 Women, Working Conditions and Efficiency by Veena Gandotra; Rs. 585
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