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Financial sector being the backbone of the economy of a country must be transparent, efficient and resilient. Efficiency in the financial sector has a significant influence on the growth and development of a country. To make the financial sector of India more vibrant and efficient and to give a fillip to the sagging and depressed economy, reforms were introduced in the beginning of 1990’s. These reforms included establishment of SEBI, more freedom to money and ...
Globalization is a throbbing and inescapable reality of the 21 century. Planning phase in India helped to formulate the base for the economy although it had some inherent weaknesses. There was excessive regulatory mechanism, high cost economy and poor performance on the external front. We have been planning Indian economy for forty years and reforming it for more than 10 years. Inspite of this, we have poverty, inequalities, unemployment, malnutrition, gender ...
The present globalised business environment and the increased competitive pressure after opening of the economy associated with consumer awakening, has changed the corporate management scene. It is increasingly being realized now that better corporate governance and transparency results in enhancing the image of the company and thus improves its stock market capitalization. This is the stage when governance in general and corporate governance in particular ...