ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Policy Footnotes

Specials
MNEs Are Adjusting Their Sights D N Ghosh The MNEs have their own strategies for the highly competitive global marketplace and are impervious to the consequences of these strategies for the specific...
Level Playing-Field: A Mirage D N Ghosh How can the so-called Bombay group hope to derive any advantages from what is vaguely referred Was a 'level playing-field'. What these businessmen are asking...
Capital Market Reform: Battle of Interests DN Ghosh The crucial factors in the market-place are the behaviour of the operators, the attitude of the regulators and the quality of the interaction...
While independence from the government is a necessary condition for a strong and effective central bank it is not a sufficient condition. The degree of effective independence and public acceptance...
Struggle for Reform D N Ghosh M. I do not claim expertise in any particular area and perhaps that is my strength. The White Paper covers a wide gamut of issues and we may confine ourselves to its...
Priorities for Financial Reform D N Ghosh It is only by taking the debate on financial reform to a wider forum that we can in the medium term hope to develop a financial structure which is efficient...
No Apology for Turning Inwards D N Ghosh In the developed countries there is a great 'turning inwards'
Making Foreign Investment Flow D N Ghosh Multinationals and international business houses may be interested in seeking a foothold in India but only on their terms and conditions in regard to the...
Free Marketism: Precept and Practice D N Ghosh While developing countries are being relentlessly pressurised to embrace free market policies no matter what the consequences, government intervention...
The curtailment of the target of priority sector lending to 10 per cent, as urged by the Committee on the Financial System, will send an unfortunate signal to the dispensers of credit that the basic...
Bank Regulation and Free Market Orthodoxy D N Ghosh Notwithstanding the freedom and flexibility enjoyed by the private sector, the banking system in the US and the other developed countries has been...
Do the startling revelations about the two largest Japanese securities houses revelling in conflict of interest situations hold any lessons for us at a time when we are grappling with the...
Bank Nationalisation Anniversary Collective Amnesia D N Ghosh Now that some US development organisations are planning to promote actively micro-enterprise lending by banks, will our own much-...
In conclusion, our endeavour should be: (a) to borrow as little as possible, something like $ 2 billion, to meet immediate commitments; (b) to bring in our own reforms in our own way; and if this is...
Financial Leadership at Any Cost? D N Ghosh The competition among London, New York and Tokyo for financial leadership is growing intense and each is striving hard to innovate and promote high value-...
Incoherent Privatisation, Indian Style D N Ghosh Privatisation does not necessarily mean reduction in the role of the state; it requires a more effective state, with the political will to create...
Who Is Afraid of Bank Disclosure? D N Ghosh The current initiatives towards reform of the financial system are mainly in the form of diversification of money market instruments and establishment of...
Tale of Two BIFRs D N Ghosh The oft-repeated criticism of delay on the part of the Board for Industrial and Financial Reconstruction (BIFR) emanates from an incorrect understanding of the process of...
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