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India's Foreign Exchange Reserves

The questions addressed in this paper are: What are forex reserves? Why hold forex reserves and how did the policy evolve? What is the appropriate level of reserves? How does the current status appear...

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IMF: Concerns, Dilemmas and Issues

The main concerns relating to the IMF's policies are relatable to intrusive conditionalities without due regard to the needs of and impact on the borrowers, with expanding scope of surveillance applied...

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Krishna Raj: Tributes

Relationships Krishna Raj nurtured an abiding intellectual relationship between the EPW and the researchers at RBI without compromising the journalread more

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India's Financial Sector in Current Times

Following the global crisis, some fundamental factors have been identified as being critical to the efficiency and stability of the financial sector. Where does India stand in this respect? Some of...

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Financial Sector Regulation in India

Financial sector reform has taken a new meaning all over the world. Until the global crisis, reform of the fi nancial sector meant deregulation. Today's truth is that, globally, reform of the fi...

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Reflections on the Indian Economy

Indian Economy: Performance and Challenges (Essays in Honour of Montek Singh Ahluwalia) edited by Shankar Acharya and Rakesh Mohanread more

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Remembering Shashi Rajagopalan

Very early in her career, Shashi found her calling in the cooperative sector.read more

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A Response

 Microfinance Industry in India: More Thoughts M S Sriram Microfinance institutions need not be treated as holy cows. They do not need any soft regulation. They should be treated on par with any...

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Perspective on the Financial Crisis

From Financial Crisis to Global Recovery by Padma Desai (New York, USA: Columbia University Press), 2011; pp XVI + 254, $27.50.read more

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A Visionary and Institution Builder

With the demise of R H Patil, I ndia has lost one of its most precious possessions in the world of finance. He was one of my most respected and trusted gurus. I learnt a lot from him of the theory,...

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Society, Economic Policies and the Financial Sector

How can central banks ensure that the financial sector serves society better? How can financial sector policies be more closely integrated with national economic policies? How can it be ensured that fi...

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