This book deals with two very important aspects of macro economic policies in India. Fiscal and monetary policies are the twin most vital instruments of the control system of economic mechanism in a country and fiscal and monetary conditions are the two most valid and transparent barometers of the economic financial and monetary state of affairs, condition, health and well-being of an economy. Banking directly relates with the monetary policy and public finance has direct relationship with the fiscal policy of a country. These two important policies of a nation try to achieve the most needed economic targets of economic growth, full employment, price stability, balance of payments, poverty eradication, elimination of income disparities, smoothening regional disparities, capital formation, capital import, capital investment and sustainable development through protection of environment etc. This book contains papers on fiscal policy, fiscal deficits, monetary policy and picture of some aspects of banking in India, especially in the current economic scenario of L.P.G. viz. liberalisation, privatisation and globalisation. It includes papers on different aspects and different regimes. It is hoped that the book will be useful to the academic world as well as the economy, polity and society.
ABOUT THE AUTHOR S. Murty
Dr. (Mrs.) S. Murty is presently Professor and Head of Economics Department in Vikram University, Ujjain. She has written 16 books on Indian Banking, Advanced Banking, Regionial Disparities inEconoics Development, Changing Indian Economic Order, Structural Transformation of Indian Economy, Money, Inflatiion and Economic Growth, India's International Trade and Rupee Exchange Rate, Financial Sector Reforms and Economic Growth, Economic Reforms and Growth, Economic Growth and Environment, Market Economy and Growth, Multinational Corporation in India, Issues in Indian Economy, Policy Decisiioins for the New World Order. Some Important Issues inIndian Economy, Employment of Women and Child Labour in India. She has published one hundred and fifty papers in various journals, attended several seminars and conferences. Twenty-four research scholars have been awarded Ph.D. under her guidance. Dr. Murty visited the United Kingdom under Young Scientist Exchange Scheme between India and the U.K. She has worked as Academic visitor in London Schools of Economics and Political Science, where she was accorded the status of Academic staff. She has been in Oxford, Cambridge, Lancaster, Leicester and Wales Universities. She has also visited the U.S.A., Italy and West Germany. Dr.Murty's name has been included inmany international directories and biographies. She has publsiehd a project on "Employment Generation by SBI," and is working on a UGC Project on "Status of SC Women". She has also directed a survey on "Child Survival and Safe Motherhood Programme" in Ujjain district sponsored by "World Health Organisation".
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