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1. |
Editor’s introduction |
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Uma Kapila |
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Reader in the Department of Economics, Miranda
House, University of Delhi |
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- Economic Reforms: Rationale and Assessment
- Economic Reforms in the Context of Globalisation
- Lessons from China
- Financial Sector Reforms
- Agricultural Strategy and Economic Reforms
- Employment Situation
- Tenth Finance Commission
- Public Sector Commercial Banks and Financial Sector Reform
- Reforms in the Insurance Sector
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2. |
India’s Economic Reforms |
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T.N. Srinivasan |
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Prof., Economic Growth Center, Yale
University, U.S.A. |
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Jagdish Bhagwati |
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Prof., International Economics Research
Center, Columbia University, New York, U.S.A. |
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- India at Crossroads
- Rationale for Reforms
- Designing and Implementing Reforms
- The Need for Clear and Repeated Affirmation of Reforms
- The Need for Momentum
- The Need for Comprehensiveness
- The Speed of Reforms
- The Need for Institutional Change
- Meeting Expectations
- Macroeconomic Reforms
- The Macroeconomic Crisis
- The Fiscal Deficit and Remedial Action
- Are We Borrowing Too Much?
- Institutional Changes to Accompany Trade Liberalisation
- Direct Foreign Investment
- Public Sector Enterprises
- Privatisation and Competition
- Infrastructure
- Financial Sector Reform
- Agriculture
- Foreign Trade in Agricultural Goods
- The Public Distribution System
- Subsidies on Agricultural Inputs
- Agricultural Credit
- Trading Choices
- Supporting the GATT
- Regionalism: India’s Options
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3. |
An Interim Assessment of Economic
Reforms In India |
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P.N. Dhar |
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Prof. Emeritus; Formerly Chairman, Institute
of Economic Growth, Delhi; Asstt. Secretary General at the United Nations |
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- Need for Reforms
- Policy Excesses
- Politics of Economic Policies
- The beginning of Reforms
- Reforms Slow Down
- Financial Crisis
- Resumption of Reforms
- Current Phase of Reforms
- Next Phase of Reforms
- Debt Problem
- Financial Stabilisation Programme
- Beginning of Tax Reforms
- Agricultural Development
- Subsidies and Consensus
- Disinvestment by Public Sector Units
- Globalised Economy: Much Ado about Sovereignty
- External Debt of India
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4. |
Economic Reforms in India |
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Manmohan Singh |
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Former Union Minister of Finance, Government
of India, New Delhi |
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- The Imperative of Economic Reforms
- Foundations for Sustained Economic Growth in India
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5. |
The Indian Economy at Crossroads :
Illusions and Realities |
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Deepak Nayyar |
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Prof., Jawaharlal Nehru University (J.N.U),
New Delhi and Formerly, Chief Economic Advisor, Ministry of Finance, Govt.
of India |
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- The Crisis in the Economy
- The Strategy of the Government
- Problems of Adjustment and Transition
- The Evidence on Stabilisation
- The Medium Term Prospects
- The Underlying Assumptions
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6. |
Economic Reforms in India in the
Context of Emerging Global Economy |
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C.T. Kurien |
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Director, Madras Institute of Development
Studies |
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- The Nature of Global Economy
- Developments in the World Economy
- India’s Economic Reforms in the Global Context
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7. |
Economic Liberalisation: Lessons from
China |
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Isher Judge Ahluwalia |
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Research Prof., Center for Policy Research,
New Delhi |
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- Role of Foreign Investment
- High Degree of Provincial Autonomy
- Emphasis on Change
- Emerging Problems in China
- High Inflation
- Trade Deficit
- Reform of State-owned Enterprises
- Bureaucracy and Corruption
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8. |
Banking Sector Reforms |
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C. Rangarajan |
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Governor, Research Bank of India, Bombay |
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- Assessment of Indian Banking System
- External Constraints
- Structural Reform of the Banking System
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9. |
Reforming the Financial Sector |
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R.N. Malhotra |
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Ex-Governor, Reserve Bank of India, Bombay;
Chairman, ICRIER, New Delhi |
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- Major Deficiencies
- Banking Reforms
- Progress
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10. |
Indian Agriculture: Emerging
Perspectives and Policy Issues |
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C.H. Hanumantha Rao |
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Ex-Member, Finance Commission and Planning
Commission, Govt. of India; Ex-Director, Institute of Economic Growth,
Delhi |
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Ashok Gulati |
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Director, National Council of Applied Economic
Research, New Delhi |
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- Changes and their Likely Impact on Agriculture
- Emerging Perspectives
- Goals of Agricultural Policy: Growth, Efficiency, Equity,
Sustainability
- Agricultural Performance: Growth, Investment and Productivity
- Prime Movers of Growth
- Development and Diffusion of Technology
- Irrigation
- Fertilisers
- Strategies for Unfavourable Agroclimatic Regions
- Infrastructure
- Institutional Reforms
- Credit Reforms
- Agrarian Reforms
- Participation of Women
- Poverty Alleviation
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11. |
Employment Situation: Some Emerging
Perspectives |
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A. Vaidyanathan |
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Prof., Madras Institute of Development
Studies; Ex-Member, Planning Commission, Govt. of India |
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- Changes in Level and Structure of Employment
- Factors in Growth of Rural Non-Farm Employment
- Wage Rates
- Educated Employment
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12. |
Tenth Finance Commission Report :
1995-2000 |
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- Framework and Approach
- Centre and State Finances: An Analytical Overview
- Macro-economic Stabilisation and Structural Reforms
- Devolution: An Alternative Scheme
- Revenues from Major Central Taxes: Growth Rates
- Share of States in Aggregate Central Tax Revenues
- Fiscal Discipline
- Reform of the Tax System
- Planning Process and Institutional Reforms
- Decentralisation
- Summary of Recommendations
- Income Tax
- Union Excise Duties
- Additional Excise Duties
- Grants-in-lieu of Tax on Railway Passenger Fares
- Upgradation Grants
- Financing of Relief Expenditure
- Grants for Local Bodies
- Grants-in-Aid; Debt Relief
- Monitoring of Maintenance Expenditure
- Finance Commission Division
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13. |
Public Sector Commercial Banks and
Financial Sector Reforms |
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- The Financial Condition of the Banks
- Pre-emption of Bank Resources
- Priority Sector Lending
- Decline in Credit Quality
- Under-capitalisation
- Financial Position Revealed By New Norms
- Financial Strengthening of the Banks
- Changes in Financial Policies
- Recapitalisation
- Improving Loan Recovery
- Improving Profitability
- Managerial and Institutional Strengthening; Corporate Recovery
Strategies
- Policies for Improved Risk Management
- Internal Control Systems
- Technology; Customer Service
- Human Resource Issues
- Organisational Culture and Decision-making
- Supervision of Banks
- Competition from Private and Foreign Banks
- The Role of Government and the Reserve Bank of India
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14. |
Tax Reforms Committee's Final Report
(Part II) |
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- Basic Considerations Relating to Import Duty Reduction
- The Objectives
- Degree of Protection in 1992-93 as Compared to that in 1986-87
- The Structure of Duties · Anti-dumping
- Levy of Surcharge
- Advance Licensing for Exporters
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15. |
Insurance Sector Reforms |
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- Restructuring of the Insurance Industry
- Life Insurance
- General Insurance
- Liberalisation of the Insurance Industry
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16. |
Disinvestment: Strategies and Issues |
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C. Rangarajan |
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Governor, Research Bank of India, Bombay |
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- Why Disinvestment
- How much of Disinvestment
- How to Disinvest
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17. |
Exim Policy 1997-2002 |
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- General Provisions Regarding Exports and Imports
- Export Promotion Capital Goods Scheme
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