Showing all 5 books
The Finance Commission is the key institutional arrangement that has guided the functioning of fiscal federalism in India. Given the large differences in fiscal capacities and service standards across states, Rangarajan and Srivastava discuss the theoretical foundations and practical relevance of the design of fiscal transfers.Focusing on the evolution of fiscal federalism in India, the essays engage with a wide array of inter-related issues including: Guiding ...
In this book the author discusses crucial issues related to the Indian monetary policy, particularly over the last two decades. The author reviews the working of the Indian monetary system and analyses the inter-related issues such as objectives of monetary policy; trade-off between inflation and growth; interest rate and money supply; fiscal and monetary coordination; financial stability; autonomy of Central Banks; etc. The book should be found useful by all ...
From 1991 onwards, the Indian economy has witnessed a series of momentous structural changes, which have thrown up several new challenges. Consequently, India’s premier financial institution, the Reserve Bank of India, has had a crucial role to play in developing new policies and strategies in relation to the financial system, keeping in mind the unprecedented magnitude of the macro-economic reforms initiated by the Government of India. At the helm of the RBI ...
This timely volume contains a collection of speeches delivered by Dr. Rangarajan at various fora. The author, on the basis of his vast experience—both as an academician and as a central banker (during the crucial period 1992-97)—presents a wide array of ideas, views and suggestions for taking India forward in its march to progress. Keeping in view the challenges likely to be posed in the next millennium, the author outlines several plans and strategies for ...
Dr. Rangarajan's contributions are well known and well documented in a number of publications, both Indian and international. But it has been strongly felt, particularly by his colleagues who worked closely with him, that his research contributions to various sectors of Indian economy are not available at one place. The present publication is an attempt to fill this gap and to provide easy access to some of his path-breaking articles which are frequently referred ...