Prof. Sebastian Morris

Research & Publication (Institutions and Governance)




02-09-2019

Real Estate and Infrastructure Resolution

We propose a mechanism that uses the financial markets to mobilize the resources of a large population of investors, to revive the impaired assets in the real sector in India today. This should also allow the economy to escape from the strangle hold of the “doom loop”, in which

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2010

Container Train Operations: Introducing Competition (A)

In May 2005, the Committee on Infrastructure took a decision that Ministry of Railways, in consultation with Planning Commission, would prepare a policy for permitting private and public sector operators to run container trains through the Indian Railways (IR) network

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2010

Container Train Operations: Introducing Competition (B)

In October 2005, the representatives of the Planning Commission, Ministry of Railways, Ministry of Commerce and Industry, and Ministry of Shipping met to discuss the RITES recommendations to work towards framing a policy document for running container trains by privat

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01-11-2010

Issues In Real Estate And Urban Management: A Note

The Real Estate sector has become a very important growth sector after the liberalisation of the economy; it is the second largest employer in India, next only to agriculture, and it accounts for about 5% of the country’s GDP. The sector has significant linkages

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02-02-2010

Introducing Competition in Container Movement by Rail

The Minister of Railways, in his budget speech on 26th February, 2005, had announced that the Ministry of Railways (MoR) and the Government of India would permit private operators to run container trains. Before then, a subsidiary of the Indian Railways, Container Cor

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07-07-2009

The Emphasis On PPP Model Is In The Right Direction

The large budgetary support in general of plan and investment should bring cheers to the producers, investors and financers of infrastructural equipment and services on roads, urban services and power equipment. Given the large rises on doles under the NREGA, Bharat N

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01-06-2009

Land Markets In India: Distortions And Issues

There are certain inherent problems with land because of its peculiar characteristics, which impede the natural emergence of a well-functioning market. The legal and regulatory framework can potentially overcome these problems. In India, despite some reform efforts, t

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12-07-2007

Missing Issues In The Debate On Reservation

This paper addresses the issue of reservation, as arising out of educational and social backwardness of the Other Backward Classes (OBC). Except in nomenclature there is no substantial evidence to show that most or even the majority of the ‘jatis’ that con

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02-06-2007

Towards Reform Of Land Acquisition Framework In India

The paper brings out the fundamental as well as the more important problems with the current framework of land acquisition in India, regulations on land and the functioning of land markets. It argues that reform is overdue and the current framework would be unsustaina

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11-2006

Small-Scale Industries In The Age Of Liberalization

This paper highlights the small firms’ crucial and seminal role in India; it arises out of both the late industrialization and the particular historical experience of industrialization that has contributed to the evolution of the industrial structure. Analyzing

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11-04-2006

Rural Infrastructure Needs A Fillip

The article evaluates the scope of rural development in India. It demonstrates that the Indian states weaknesses in cross-functional policy design and in coordination across departments and functions is the obvious cause of lack of rural development, and urges to reco

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14-02-2006

SPVs No Solution To Infrastructure Woes

The article suggests that there is no financial side constraint on infrastructure in India at present. With a well developed financial market, it is only the lack of good bankable projects that is the limitation, and there is no way another Special Purpose Vehicle (SP

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27-01-2005

Infrastructure Development and Strategy for Gujarat

The phenomenon of foreign direct investments (FDI) from India is substantial and systematic enough to warrant attention. In this empirical study; the pattern and nature of control exercised by the Indian parents, local parties, and possible transnational capital and l

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2003

Privatisation Today: A Discussion

The paper holds a discussion on the prospects of Privatization in India today. It suggests that privatization as such is no longer an issue in the country. The issue today is how best to carry the process forward and the priorities for privatization. It highlights tha

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2002

Commercial Aircraft Industry And Governments

This paper deals with the evaluation of the civil aeronautics sectors since the 1930s in the background of Government intervention & technological changes. The paper has tried to contrast the active interference by European nations in the domestic aviation sector

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2002

Expenditure Accountability in India: The Interlinkages

The chapter brings out the nature of public expenditure accountability in India especially at the federal level. The perversities - large role for off budget items, the process that leads to expanding expenditures with little functional but much procedural control, ar

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2002

Public Investments in India: Delays and Cost Overruns

Public Investments in India have witnessed large delays and cost overruns. The same are estimated and shown to continue to be large, even though they have declined despite many changes in economic policy. What has brought about change in efficiency of overall investme

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01-2002

Comments On The Draft Electricity Bill 2001

The paper comments upon the Draft Electricity Bill of 2001. Given than the reform of the power sector had made little headway, there is much concern that something needs to be done. Little progress has been made in the Bill, so that most of the comments made then rema

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2001

The Challenge of Governance of India Today

This chapter attempts to delineate the possible role of governance oriented reform in India today. It raises conceptual and historical difficulties with the notion that sees governance failure as the cause of poor economic performance and discusses why there are certa

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2001

India Infrastructure Report 2002: Overview

Second in the series, this report lays bare the policy and organisational failures that have spawned poor governance in India. It argues that rather than viewing poor governance as a cause, it has been more an effect. Many of the vested interests of today have been cr

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06-08-2001

The Growth And Transformation Of Small Firms In India

The book covers the growth and transformation of small industries in the nineties and before. It  addresses policy issues and makes radical suggestions on how small industries can become the leading edge of India's competitiveness. Inter alia it covers the i

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2000

India Infrastructure Report 2001: Overview

The first in the series, the book reviews infrastructure development since the reform of the Indian economy began in 1991, discussing the policies required to create an appropriate market structure for infrastructure provision along with its constraints as well as lay

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29-07-1999

Competition Policy In India

In India protection and controls are being replaced by a competitive and de-regulated open economic system. In the pre-reform era, various restraints to competition existed, which have now been relaxed. One key issue in the phase of transition is of ensuring and manag

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03-1997

Why are We Junking This Engine of Growth?

The Indian budget of 1991-92, though lauded by many, does not take complete advantage of the vast opportunities for fast growth. Since its presentation, the appreciation in the real as well as nominal value of the rupee has been taking place; the appreciation would ev

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25-05-1996

Political Economy Of Electric Power In India: Part 2

Since the cancellation of the Dabhol Power Project (DPP), the debate about electric power in India has come into the public view, raising hopes that corrective measures can be taken to have a cost effective and growing power industry. A critical examination of the rec

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18-05-1996

Political Economy Of Electric Power In India: Part 1

Since the cancellation of the Dabhol Power Project (DPP), the debate about electric power in India has come into the public view, raising hopes that corrective measures can be taken to have a cost effective and growing power industry. A critical examination of the rec

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27-07-1994

Some Issues In The Debate On Policy

Indian economy’s liberalization in the 90s can no more be seen as a response of the government to balance of payment crisis; the reforms of 1992-93 cannot be attributed to the pressure from the World Bank or the IMF. While the most of the Left intellectuals argu

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07-05-1994

Prospects For FDI And Multinational Activity In The 90s

The paper discusses the implications of trends and patterns in foreign direct investment and of policy and structural changes for foreign direct investment in India in the 90s. Though high economic growth in the 1980s combined with the liberal policies towards FDI int

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1993

Policy And The Problems Of Policy Change: Some Issues

During the eighties there have been stop-start attempts at liberalization and at policy change to give new direction to the economy which had been drifting ever since serious planning had been given up in the mid-sixties with the onset of the recession then. The perio

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24-11-1990

Cost And Time Overruns In Public Sector Projects

Delays and cost overruns in public sector investments can raise the capital-output ratio in the sector and elsewhere, bringing down the efficacy of investments. Yet there are no estimates of the delays and cost overruns, and of their opportunity cost. This study arriv

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Blog (Institutions and Governance)




2017-09-27

The Villainous Politician and Local Governance

Despite the intention to encourage and support local self government, the post independence period has witnessed continuous erosion in local governance of cities. Indeed, the decline in the quality of living (at least for the middle classes) in cities, can be directly

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2006-10-24

The Change Imperative

At the recently held conference on Building Infrastructure–Challenges and Opportunities at Vigyan Bhavan, the Prime Minister underscored the importance of infrastructure in India being able to sustain high growth, above 8%. What was remarkable

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2006-09-26

Dwelling On Delhi's Master Plan

The Delhi government would soon have to legislate to make special exemptions to Delhi’s Master Plan to override the Supreme Court’s (SC) order banning commercial activities in residential areas. Policy-makers and planner sitting in ivory

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2006-06-20

One-Sided Law On Land Acquisition

Delays and risks in land acquisition are the overwhelming retardants in infrastructural construction. The problems are widely believed to arise in politicking and poor governance, but it is important to understand the deeper reasons lying in the law

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2006-04-11

Rural Infrastructure Needs A Fillip

Rural development, especially infrastructural development, by its very nature is holistic. Therefore, it can neither be left to a ministry of rural development, which cannot think beyond sop programmes, nor to the uncoordinated working of departments, like roads, publ

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2006-03-28

Water And Sewerage: The Eco-Politics

Water, among all infrastructure services, has to be the state’s responsibility. If the state cannot arrange to provide for water in the cities and other habitats, then nothing else that it does or provides is meaningful. By that count, most of

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2006-02-25

Making Reform A Positive Sum Game

Lalu Prasad and his team have been laying out transition path to reform from the mess that Indian Railways were in, steps that would most certainly pay off. The genius in discovering hidden operating leverage and overcoming slack in increasing the loading of wagons, e

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2006-02-14

SPVs No Solution To Infrastructure Woes

When interest rates are determined through the market, there is only a limited role for development finance institutions (DFIs). In the era of controls, and where the state mobilised and directed (if not monopolised) much of the savings and resource

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2005-01-19

Restructuring The Oil Companies

Finally there is recognition that the public sector oil companies need to merge to allow them the size to be able to hold out against larger companies. All kinds of red herrings are being put forward and it is important that we do not get this wrong. We have already w

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0000-00-00

Bringing Back High Growth

With PC back again there is widespread hope that the economy can revive. But perhaps much more important is his view that interest rates can now come down. I and several others have been arguing that the monetary conservatism exhibited by the central bank has been one

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