Financial Services : Emerging Issues
Contents: Preface. 1. Towards a positive banking theory and methodology/B.M. Lal Nigam. 2. Corporate financial disclosure/Shiw Kumar Jiloka and S.B. Verma. 3. Foreign direct investment a boon for the growth of Indian economy/B.P. Singh and Amit Kumar Jha. 4. Measuring performance of banking sector in India/Y. Gupta and O.P. Verma. 5. Attracting foreign direct investment: India Vs Asean/R. Rastogi and S. Srivastava. 6. Impact and implications of the entry of private players in the insurance sector/Rakesh Sahani. 7. General insurance business in India since independence an analytical view/Zaid Ahmad Ansari. 8. Insurance: convergence of opportunities in financial market and the vision of the future (Case of LIC of India)/Sapan Kumar Saha. 9. Trends in foreign trade a comparison between pre-reform and post-reform periods/Adesh Sharma. 10. Foreign direct investment in India: An analysis /Anirudh Thakur. 11. Economy of variations in production process/Nand Kishore Sharma. 12. Non-performing assets in banking sector in India/Shrish Asthana. 13. Strengthening retail banking: through quality management and customer loyalty/H.C. Purohit. 14. Vat-prospects and challenges/R.U. Singh. 15. Need of reforms in income tax law/Arun Upadhyaya and Madhulika. 16. Insurance in India: opportunities, challenges and strategies/Mohi-Ud-Din Sangmi. 17. Tax management and the new economy/A.A. Ansari and Rajan Johar. 18. Changing social scenario of modern banks/Shiw Kumar Jiloka, S.B. Verma and Bucheshwar Mandal. 19. Warehouse receipt finance and commodity markets/Surojit Sen. 20. The expanding wing of WTO the trips/Imran Saleem. 21. Venture capital financing: A source of financing for budding entrepreneurs/J.K. Singh. 22. Rural financial system in Bihar: a micro analysis /Anil Chandra Pathak and Sanjay Kumar Jha. 23. Are foreign institutional investors (FIIs) fair weather friends/Rashmi Agrawal and Rakesh Sahni. 24. FDI in India: trends, policies and prospects/Niti Bhasin. 25. Retailing of government securities: the way ahead/Yogita S. Mehra. 26. Consumer preferences and services of general insurance company/S.K. Sinha.
"Up to a few years ago, there was a wide spread belief in the orthodoxy that liberalization is necessarily good for development and the faster the liberalization the better it is for development. This was the intellectual basis for developed countries to pressurize developing countries to quickly and deeply cut their tariffs and remove non-tariff barriers as well as open up their financial sector and investment regime.
However, there has been growing skepticism not only from civil society but also policy makers regarding this orthodoxy. It is being relaised that he economic development of a country depends, inter alia, on the growth of the financial system. The larger the proportion of the financial assets (money and monetary assets) to real assets (physical goods and services), the greater the scope for economic growth in the long run. For growth to take place, investment is necessary which flows from the financial system. Besides, as a scarce factor of production in the less developed countries (LDCs), finance has a crucial role to play in these economies." (jacket)
