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3819 items in total found

Working Papers | 1993

Interactions Between Corporate Strategy and Financial Strategy: Some Propositions for Practicing Managers

Korwar Ashok

This paper discusses the implications of corporate strategy choices for financial strategies of the firm, and the implications of finance theory for strategic decision-making of the firm. Some propositions of potential practical use to managers are advanced here. One set of propositions relates to the kinds of financial strategies implied by a given corporate strategy, another set relates to the implications of finance theory for strategic planning and decision-making, and the third set relates to the potential use of financial policies in implementing specific corporate strategies.

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Working Papers | 1993

Constrained Equilibrium Prices Under Fixed Rationing of Commodities

Lahiri Somdeb

In this paper we prove the existence, restricted efficiency and incremental fairness of constrained equilibrium allocations.

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Working Papers | 1993

First Estimates of Stock of Capital at State Level and Data Gaps in India

Ravindra H. Dholakia

In the present paper the methodology and data sources to construct estimates of capital stock as on March 31, 1961 for 15 major state economies in India are described pointing out gaps in the availability of required data. The estimates of capital stock at state level in India are also presented by three broad sectors: primary, secondary and tertiary for the year 1960-61.

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Working Papers | 1993

School Drop-Outs as Bare-Foot Veterinarians Education Project

Vijaya Sherry Chand

This paper is based on the experience of a non-governmental organization in educating 113 school drop-outs as 'bare-foot' veterinarians in the tribal areas of Gujarat. The pedagogy focussed on 'unlearning' and countering certain internalized stereotypes like 'backwardness' in order to make a meaningful integration of theoretical knowledge and experiential learning possible. The development of the curriculum for the programme involved a combining of local material and cultural practices with external technologies in order to evolve blended material practices. Locating the latter in appropriate institutions was equally important. The paper develops a framework for understanding the content and context of learning and research in such educational projects which deal with people with minimum qualifications. While learning at the individual level is no doubt important, group-learning methodologies are especially relevant in order to understand the merging group technologies and to locate them in appropriate institutions. Developing 'reflexivity' is equally important for monitoring the context of learning.

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Working Papers | 1993

Education for Social Action the Fellowship Programme in Social Management

Vijaya Sherry Chand

The Fellowship Programme in Social Management, run by a non-governmental organization, aims at training development workers. It can be located within the tradition of non-formal educational experiments which try to develop a 'pedagogy of the oppressed'. The paper describes the model of education developed by the programme – the pedagogical assumptions, the integration of theoretical knowledge and the affective elements of learning in the context of both the individual and the group, and the development of the curriculum. The paper concludes that such experiments, while not providing solutions to the problems of the formal educational system, open up dialogue on the creation of a democratic theory of education. Such a theory implies an open teacher-taught relationship, and highlights the need for reflective educational institutions. Finally, the paper stresses the need for a democratic system of education to promote academic excellence and social justice, from the primary level upwards.

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Working Papers | 1993

Generalized Dreze-Muller Equilibrium: Some Rationing Scheme in a Distribution Economy

Lahiri Somdeb

Here we view rationing as an instrument available in the hands of a social planner to effect a more equitable distribution of goods. We introduce a separate currency (like a coupon) alongside money, and both money as well as this auxiliary currency are used in the purchase of commodities. It is precisely in this framework that we study existence, and fairness of alternative rationing schemes.

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Working Papers | 1993

Recent Policies for Rural Banking by Commercial Banks

Desai B M

This paper discusses three recent policy changes for rural banking by the commercial banks. It first discusses likely impact of these policy changes. It then presents rationale for promoting rural banking infrastructure. Next it discusses existing and potential operations of the rural branches of the commercial banks. Based on these discussions it identifies three policy alternatives and recommends a better alternative to the one pursued by the GOI and the RBI.

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Working Papers | 1993

Psychology and the Challenge of the Postmodern Condition

Giri Ananta

We are living in the midst of very fundamental processes of transformation which are global in nature and which touch almost all the domains of our lives, transforming both the contours of our lives and the horizons of our culture. Postmodernism refer to those processes of transformation, which challenge the discourse and organization of modernity, and which strive to create a more meaningful world for the human beings. Postmodernism not only challenges the way we imagine state and society, self and subjectivity in our contemporary world, it is also challenges the way we construct our sciences and the methods we use to make sense of the human condition. The present paper briefly describes the processes of postmodern transformation and then their implication for the way we imagine issues in psychology.

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Working Papers | 1993

Structural Features of Indias Financial System: 1980-92

Rastogi A B and Ghose Amitabha

The objective of this paper is to provide a concise description of the Indian Financial System from macro-economic perspective. The study analyses the evolution and interrelations of the financial system using the flow of funds framework and other tools of financial planning. The Financial intermediation by the banking sector waned a little as other financial companies gained importance in the economy. However, new assets, deposits and credits outstripped the growth rate of the economy.

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Working Papers | 1993

When AAA Means B: The State of Credit Rating in India

Ragunathan V and Jayanth R. Varma

As in many other countries, India five year old credit rating industry has grown rapidly amidst persistent doubts about the quality of the rating service. This paper evaluates the ratings given by India leading credit rating agency, CRISIL. We find that CRISIL ratings are not only too liberal by international standards but also internally inconsistent. We argue that to improve the quality of credit rating in India, there must be more competition; credit rating must be opened up to the private sector; and raters must provide unsolicited ratings.

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