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Book Review on "Covid Reset"

Sangeeta Relan & Shalu Mahajan

Volume 42, Issue 1 (January 2021 to June 2021)

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DELHI CITIZENS’ HANDBOOK: GOVERNMENT TO CITIZEN SERVICES

Annavajhula J. C. Bose

Volume 38, Issue 2 (October 2017 to March 2018)

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The study of citizenship is not only topical but also a large, variegated, everchanging subject. The truth in this regard is that there is no consensus on the idea of citizenship in terms of rights and duties, feelings, status, identities, etc. and for large numbers of people throughout the world the idea of citizenship is still hollow and empty and meaningless, deprived as they are of virtually all of its amenities (Heater, 2002). In this milieu, it is very heartening that the Centre for Civil Society as an NGO involved in bringing about social change through public policy, has taken initiative to bring out this study that gives the reader the empirical flavour about amenities to the Delhi citizens.

Evolution of the Resolution Framework for NPAs in India: A Study of Assets Reconstruction Companies and Bad Bank Proposal

Dixit Yadav

Volume 42, Issue 1 (January 2021 to June 2021)

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The idea behind a bad bank is to clean the balance sheets of the banks and financial institutions of an economy. Currently, the Indian economy is under a lot of pressure because of increasing NPAs in the banking sector particularly from the time when RBI started conducting asset quality review of the banks to get a clearer picture of the situation and this problem is going to escalate further because of the surge in COVID 19 cases and lockdowns due to the pandemic. This pandemic hits the Indian economy very hard, leading to a fall in growth rate, increasing unemployment, and providing uncertainty to all the sectors of the economy. Amidst this pandemic, the government proposed to setup a 'Bad Bank' in Union Budget 2021-22 to handle the stress in the banking sector of our economy. This study explores the idea of a bad bank in the Indian economy and analyse the positive and negative implications of it and this paper also attempts to understand the evolution of the regulations related to ARCs and see the performance of the present ARCs in India by looking into its shareholding pattern, size of non performing assets (NPAs) acquisition, recoveries in comparison with other resolution options, etc. the study revealed that the acquisition and the rate of recoveries of ARCs are growing but it is not sufficient to handle the entire NPAs crisis.

Factors Influencing Purchase Intention of Consumers for Toiletries Products in Haryana

Rashmi Chaudhary & Pawan Kumar

Volume 42, Issue 1 (January 2021 to June 2021)

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In present scenario, marketers are interested to know more about consumers' purchase intention in order to increase their sales volume and market share. Purchase intention is related to the behaviour, perception and attitude of consumers. The information pertaining to consumers' purchase intention can be important in marketing decision making. The present study examines factors influencing purchase intention of consumers for toiletries products. The data has been collected from 500 respondents (sample size) of Haryana (universe of the study). The data, thus generated, has been analyzed with the help of Factor Analysis and ANOVA(one way).The results revealed that commendation, assessment, advertisement, and familiarity with the brand are main factors influencing the purchase intention of consumers for toiletries products. No significant difference, except one, has been observed in these factors across demographic variables (age, gender, education, occupation, marital status, residential status, and income).

Sovereign Wealth Funds: A Critical Analysis

Roshni Garg and Abha Shukla

Volume 41, Issue 2 (July 2020 to December 2020)

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Sovereign wealth funds (SWFs) refer to government owned investment vehicles that mostly invest abroad to meet some pre-determined macroeconomic objectives. Over the past few years, the number of SWFs and their assets have multiplied. In India too, SWFs have taken several big stakes during the Covid-19 pandemic and become the fourth largest category of foreign portfolio investors (FPIs) among thirty-two categories of FPIs investing in India. They have also expanded their footprint into debt and real estate markets. Despite this, not much is known about their investment activities, primarily owing to lack of data. By analysing multiple resources and databases, this paper seeks to give an overview of SWFs, their evolution, investment activities and associated challenges. We find that commodity exporting nations have been the pioneer of these funds and almost all SWFs have a strong preference for investing in real estate and finance, especially in high-income developed countries. We also discuss the characteristics of Indian SWF, NIIF and how it is different from conventional SWFs. Our paper concludes with a brief discussion on the presence of foreign SWFs in India and the need to further explore the issue in detail.

Lessons from the Unprecedented Pandemic: An Economist's Perspective

Ritu Ranjan

Volume 42, Issue 1 (January 2021 to June 2021)

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The global economy is passing through the worst economic crisis of modern times since the beginning of 2020 due to the outbreak of an unprecedented pandemic resulting from the spread of novel Corona or Covid-19 virus. The abruptness with which this pandemic erupted and the fast pace at which its disruptive and disastrous impact spread across more than 220 countries of the world makes it a serious area of concern. The emerging challenges are even more daunting in the case of Indian economy owing to the huge population base, high population density and grossly deficient health infrastructure in India. It is against this backdrop that the present paper goes deeper into the important lessons that can be learnt from the unprecedented pandemic and analyses them from the perspective of an economist. In particular, the significance of contingency planning, building-up of reserve capacity, overcoming institutional rigidities and infrastructural bottlenecks, gradualism and cautious optimism are brought to the fore. Besides, issues relating to the demandside as well as supply-side management of an economy as also resource mobilisation for effectively tackling the pandemic are also discussed. The whole discussion provides useful insights for public policy-making that can be reasonably expected to go a long way in improving the policy environment in the times to come.

GANDHI: AN IMPOSSIBLE POSSIBILITY

Sudhir Chandra

Volume 38, Issue 2 (October 2017 to March 2018)

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Gandhi: An impossible possibility elucidates on the last days of Gandhi’s journey into the mortal world and the struggles that he encountered during these days. It explicates on Gandhi’s philosophical inclinations and how that inspired him in shaping the India of his dreams and underwent a gradual change when his end was approaching. It seeks to understand the dilemmas that Gandhi was caught in during his last days, his sorrows, both at a personal level and national level which brought a marked change in his state of mind and his desire to not live any longer.

Revival of the Indian Capital Market

Premjus Roy

Volume 1, Issue 1 (January 1968 to June 1968)

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Financial Policies and the Cost of Capital

L. V. L. N. Sarma

Volume 9, Issue 1 (January 1978 to June 1978)

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Study of Collective Behaviour in Stock Market as Social Phase Transition

Surender Kumar, Pawan Gupta

Volume 33, Issue 2 (October 2012 to March 2013)

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