Fiscal And Monetary Reforms In India by K R Venugopal
The articles in the book are on topics like Fiscal Structure, Industry Policy, Bank Restructuring, Exchange Rate of Rupee, Gold policy, Inflation Management, Deficit Financing, Liquidity Crisis, Oil Fueled inflation, Oil Exploration, Oil Crisis, Privatisation of Insurance, Foreign Capital Inflows, Foreign Investment, IMF and its Conditionalities, Foreign Exchange Reserves, Public Expenditure, Budget, Disinvestments, Buyoncy of Indian Rupee, Inflation Trap, Subsidies for food and fertilizers, MNCs, Trade deficits, Public Borrowing, External debt, Short and Long Term Capital Flows, Banking Policy, Deregulation of Interest Rates, Convertibility, Liberalization, Industrial Sickness, Export-Import Strategies, NRI Investments, Subsidies, Industry and Agriculture Growth, Debt Crisis, Wage Freeze, etc.
Audience of the Book :
|They are of special interest to postgraduate and research students, academic planners and policy makers and statesmen.|
The main features of the book are as follows:
1.The book contains a bouquet of classic articles in economics and public finance written by the late K Venkatagiri Gowda when India had started to embrace LPG.
2.The 100+ articles analyzes the causes of myriad problems like industrial sickness, trade deficit, external debt, inflation, balance of payments, subsidies, and so on.
3.With its content, the book gives very important cues to budding economists and policy-makers about the setting of the watershed period of the Indian economy.
Table of Contents:
1. Public Borrowing and Fiscal Accountability
2. Forecasts About the Indian Economy
3. Decline of Foreign Capital Inflow
4. Foreignisation of Public Sector Companies
5. The Silver Import Policy: Is it Viable?
6. Problems of External Debt
7. An Alternative Budget: An Exercise in Bubble Blowing
8. Multinationals in Oil Exploration
9. The Reduction of Fiscal Deficit by using the Sale Proceeds of Public Sector Equity Per se is not Anti-Inflationary
10. Indian Rupee in Turmoil
11. Controlling the Volatility of Short Term Capital
12. Whither Macroeconomic Stability?
13. Strategy of Inflation Control
14. Capital Adequacy: Norm for Banks
15. Deferring Capital Account Convertibility: A Wise Decision
16. Ensuring Self-sufficiency in Edible Oil
17. Is the Wheat Policy Good for the Country?
18. Should Banks be Brought under Parliamentary Control?
19. Industry Status to Agriculture?
20. Economic Contents of the Letter of Intent
21. Fears of India Catching the Mexican Disease Overplayed
22. The Banking System is Buoyant under Economic Reforms
23. Options Before the Government in the Matter of Forex Reserves
24. Deregulated Interest Rates
25. Imports of Edible Oil are Unnecessary to Stabilise Prices
26. Technology Parks: A Boon to India
27. Full Convertibility can Wait
28. The Busy Season Credit Policy
29. Moody’s Upgradation of India’s Credit Rating
30. Will Liberalisation of Consumer Goods Imports Jeopardise Small Scale Industries?
31. Computerisation and Automation of Operations of Nationalised Banks
32. Is the Debt Crisis Imminent?
33. A Case for Financial Emergency
34. An Autonomous Sebi
35. Need to Grant Interim Relief to Pensioners
36. The New Euro-issue Guidelines
37. The Indo-Dollar Market Proposal Modified
38. A Year of Slow Reform Process: Priorities Need to be Reordered in 1994
39. Notification of the 60-40 Formula in Partial Convertibility
40. Monetary Financing and Debt Financing of the Fiscal Deficit
41. Restructuring of Regional Rural Banks
42. Exit of Industrial Sickness
43. Financial Sector Reforms are an Urgent Necessity
44. The Case for an Emergency Relief Fund at the IMF
45. Fertiliser Subsidy to Reduce the Inflation Rate
46. Welcome to Multinationals
47. The Securities Scam: Is the Reserve Bank of India Responsible?
48. Managing Coffee Prices
49. Banks Need to be Customer Oriented Rather Than Employee Oriented
50. Oil Crisis And Inflation: How to Overcome Them
51. India’s Cotton Policy: A Long Term Strategy is Needed