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3891 items in total found

Working Papers | 1993

Indian Economic Forecast: 1 September, 1993

Rastogi A B

Is 1993-94 a reform holiday to build a consensus in the country and a stronger political resolve to undertake a fresh EFF form 1994-95? A battery of committees suggests that, though the government has postponed the EFF negotiations until after the 1993-94 budget, the government is going to announce further reforms in the trade sector and political commitment to reforms. The Government's balancing act of stimulating economic activity and pursuing structural reform, coping with political tensions means that economy has gone into a transition phase. Notwithstanding the decline in the pace of reforms a 'silent revolution' in attitude towards a market friendly economic system is taking place in India.

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Working Papers | 1993

Human Development 1993 - Where do We Go From Here?

T. V. Rao

The UNDP Human Development Report of 1993 ranks India 134 out of a total of 173 countries. This raises serious questions about India's human development policies and procedures. This paper attempts to examine India's position in relation to other Asian countries on different dimensions of human development. Particularly literacy, life expectancy, science and technological capabilities, women's development are included in this comparison. On the basis of an examination of the experiences of other countries a number of strategies are drawn. The strategies drawn here are based on a survey of literature carried out by the author at the Institute of Development Studies, University of Susses, England and supported by the Commonwealth Secretariat, London.

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Working Papers | 1993

The Attribution Process in Person Perception: An Attributional Analysis of Success and Failure

Muncherji Nina B

How can we understand an individual? To understand him, there are several different sources of information, for e.g. his physical characteristics or collecting information indirectly through his friends and acquaintances, or else we may observe his over actions. Attribution refers to the process through which we seek to understand others' major traits and the causes behind their behaviour. Here an attempt has been made to study the causal attribution for services and failure of 37 Middle Management Executives with regard to a particular situation and to find out whether self serving Bias' is found within the group.

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Working Papers | 1993

On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy

Lahiri Somdeb

The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.

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Working Papers | 1993

When AAA Means B: The State of Credit Rating in India

Ragunathan V and Jayanth R. Varma

As in many other countries, India five year old credit rating industry has grown rapidly amidst persistent doubts about the quality of the rating service. This paper evaluates the ratings given by India leading credit rating agency, CRISIL. We find that CRISIL ratings are not only too liberal by international standards but also internally inconsistent. We argue that to improve the quality of credit rating in India, there must be more competition; credit rating must be opened up to the private sector; and raters must provide unsolicited ratings.

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Working Papers | 1993

Structural Features of Indias Financial System: 1980-92

Rastogi A B and Ghose Amitabha

The objective of this paper is to provide a concise description of the Indian Financial System from macro-economic perspective. The study analyses the evolution and interrelations of the financial system using the flow of funds framework and other tools of financial planning. The Financial intermediation by the banking sector waned a little as other financial companies gained importance in the economy. However, new assets, deposits and credits outstripped the growth rate of the economy.

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Working Papers | 1993

On a Theorem due to Sobel

Lahiri Somdeb

In this paper we prove that any bargaining solution to group decision problems which satisfies individual rationality, strong symmetry, efficiency and strong improvement sensitivity also satisfies mid-point domination.

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Working Papers | 1993

Income and Price Elasticities in India Trade

Gupta G S and Keshava H

The paper estimates the export and import function for India both at the aggregate (rest of the world) as well as the important individual country levels, using annual time series data for the period 1960-61 through 1990-91. It finds that the income elasticities of trade are significant and that this elasticity is significantly higher for imports than exports, implying the possibility of the worsening trade balance with the growth in economies. The trade is generally price inelastic but this elasticity is generally higher for exports than imports. The sum (absolute) of the two price elasticities generally exceeds unity and thus satisfies the Marshall-Lerner condition for the effectiveness of devaluation in regulating the trade imbalance. The impact of the 1966 devaluation is found significant more with regard to imports than exports, and the post 1980 liberalization policy has produced desirable impact on India globalization. Based on the estimated trade elasticities and the last five years average growth rates in the trade determinants, the growth rates in India's real exports and imports have been projected at 4.1% and 5.4% respectively, and accordingly a worsening of the trade imbalance has been foreseen in the coming years.

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Working Papers | 1993

The Guest for A Universal Morality: Habermas and Sri Aurobindo

Giri Ananta

Morals in the sociological and anthropological discourse have been looked at as a construction of culture and as an appendage of social norms. In the conventional sense, moral development culture. But such a notion of morality and moral development ignores the question of the Being and the universal issues of justice, well-being and freedom. In this context, psychologist Lawrence Kohlberg speaks of the post-conventional stage of moral development when the individual differentiates “his on her self from the rules and expectations of others and defines his or her values in terms of self-chosen ethical principles.” Such a post-themselves from the “historical coloration of particular form of life" and transcend the “unjust” givens of their native cultures. Such a moral awareness also prepares the ground for a genuine universality. The present paper looks into the issue of universal morality in the context of contemporary structural and discursive transformation, which is marked by globalisation. The paper discusses the work of German philosopher Jurgen Habermas and Indian spiritual prophet Sri Aurobindo and critically looks at different paths for the quest for universal morality in out contemporary world, which is marked by a hegemonic ascendancy of power and money as currencies of life, and a pervasive demoralisation of discourse.

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Working Papers | 1993

Universities and the Horizons of the Future

Giri Ananta

Ours is a time of fundamental changes. Changes in our economy and politics, revolutionary manifestation of new technologies and the whole host of contemporary forces are shattering our taken-for-granted assumptions about self and society. In this contemporary context of epochal change and challenge reflection is also taking place on the nature of universities. Serious commentators in this field such as former Harvard president Derek Bok tells us that universities have to pay more attention to the way they can inculcate moral values in those who belong to it and the way they can be a source of creative transformation in and pleads for more commitment to creativity from all those who care about knowledge and society in our contemporary times.

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