Economic Reforms in India since 1991 By Monika Kashyap

Contents
Machine generated contents note: ch. 1 India's Economic Reforms: An Overview
1.1.Introduction
1.1.1.Licence-permit-quota Raj
1.2.Need for Economic Reforms
1.3.Objectives of the Economic Reforms
1.3.1.Stabilization and Structural Adjustment
1.3.2.Fiscal Correction
1.4.Major Areas of Reforms
1.4.1.External Sector
1.4.2.Monetary Sector
1.4.3.Financial Sector
1.5.Strategy for Reforms
1.6.India's Growth Story in the Post-reform Period
1.6.1.The Recovery
1.7.Key Social Indicators in the Post-reform Period
1.8.Critical Evaluation of Economic Reforms
1.8.1.Issues of Concern
Summary
Review Questions
pt. A INDIA'S FINANCIAL SECTOR REFORMS
ch. 2 Indian Financial System: Evolution, Reform and the Way Forward
2.1.Introduction
2.2.Evolution of the Indian Financial System
2.3.Committees to Reform the Indian Financial System
2.3.1.Sukhamoy Chakravarty Committee Chaired by S, Chakravarty 1982
Contents note continued: 2.3.2.Committee on Financial Sector Reform Chained by Narasimham
2.3.3.Tax Reform Committee by Raja J. Chelliah
2.3.4.Report of the 13th Finance Commission
2.3.5.Raghuram Rajan Committee Report on Financial Sector Reform
2.3.6.Jalan Committee Report
2.4.The Way Forward
ch. 3 The Indian Banking Sector: History, Reform and Progress
3.1.Introduction
3.2.Indian Banking Sector: From a Historical Perspective
3.2.1.The Reserve Bank of India
3.3.Types of Banks
3.4.Reforms in the Banking Sector
3.5.Indian Banking Sector after Economic Reforms of 1991
3.6.Banking Sector Reforms: An Analysis
3.7.Trends in the Profitability of Scheduled Commercial Banks
3.7.1.Non-performing Assets of Scheduled Commercial Banks
3.8.Latest Reforms in the Indian Banking Industry: An Overview
3.8.1.Opening of New Private Banks
3.8.2.Liberalized Policy Towards Foreign Banks
Contents note continued: 3.8.3.Opening of Payment Banks
3.8.4.Opening of Small Banks
3.8.5.Technology Firms
3.8.6.Indradhanush: A Scheme for PSBs
ch. 4 Capital Market in India: Growth, Reform and Regulation
4.1.Introduction
4.2.Classification of Financial Markets
4.2.1.Money Market
4.2.2.Forex Market
4.2.3.Capital Market
4.3.Instruments of Capital Market
4.3.1.Pure Instruments
4.3.2.Hybrid Instruments
4.3.3.Derivatives
4.4.Indian Securities Market Before 1992
4.5.Reforms Introduced in Secondary Capital Market alter 1992
4.6.Capital Market Reforms
4.7.Liberalization in Capital Market: An Appraisal
4.7.1.Cash Segment
4.7.2.Derivative Segment
4.8.Secondary or Capital Market: An Analysis
4.9.Regulatory Framework for the Protection of Investors
4.9.1.Major Regulatory Reforms in the Financial Sector
ch. 5 Government Securities Market: An Overview
Contents note continued: 5.1.Introduction
5.2.Meaning of Government Security
5.3.Types of Government Securities
5.4.Reforms in the Government Securities Market
5.4.1.Institutional Measures
5.4.2.Increase in Instruments in the G-Sec Market
5.4.3.Enabling Measures
5.5.Latest Developments in G-Securities Market
5.6.Government Securities Market in India: Analysis and Assessment
ch. 6 Financial Intermediaries: Types and Reforms
6.1.Introduction
6.2.Financial Intermediaries
6.2.1.Changing Landscape of NBFCs
6.3.Financial Sector Reforms and Financial Intermediaries
6.4.Regulatory Changes for Financial Intermediaries
ch. 7 India's Experience with the Basel Norms
7.1.Introduction
7.2.The Basel Accord
7.2.1.Basel I Norms
7.2.2.Basel II Norms
7.2.3.Basel III Norms
7.3.Basel III Norms' Superiority over Basel II
7.4.India and Basel III
Contents note continued: 7.5.Implementing Basel III in India
-Issues and Concerns
7.5.1.Striking a Balance Between Cost of Credit and Economic Growth
7.5.2.Dilution of Capital
7.5.3.Identifying the Point of Inflexion and Measuring Systemic Risk
7.6.Trekking New Paths
ch. 8 Global Financial Crisis: India's Response and Lessons Learnt
8.1.Introduction
8.1.1.What Caused the Crisis?
8.2.The Aftermath
8.3.India's Policy Response to the Global Financial Crisis
8.3.1.Monetary Policy Response
8.3.2.Government's Fiscal Stimulus
8.4.Lessons Learnt from the Global Financial Crisis
8.4.1.Lessons for Regulators
8.4.2.Lessons for the Monetary Policy
8.4.3.Lessons for the Financial System
8.5.Other Implications for Policy
pt. B INDIA'S EXTERNAL SECTOR REFORMS
ch. 9 India's Exchange Rate Regime, Behaviour and Policy Responses in the Post-reform Period
9.1.Introduction
Contents note continued: 9.2.The Evolution of India's Exchange Rate Regime
9.2.1.Phase I (1947
71)
9.2.2.Phase II (1971
92)
9.2.3.Phase III: Liberalized Exchange Rate Management System (1992
93)
9.2.4.Phase IV: Market-determined Exchange Regime (1993
2016)
9.3.India's Exchange Rate Behaviour and Policy Responses in the Post-reform Period
9.3.1.The Period of Capital Inflows and Exchange Rate Stability (March 1993-July 1995)
9.3.2.The Mexican Peso Crisis and its Contagion Effect (August 1995-March 1996)
9.3.3.Volatility Triggered by the Asian Financial Crisis (August 1997-August 1998)
9.3.4.The Decade of Event-related Volatility and Appreciation (September 1998-August 2008)
9.3.5.The Phase of Volatility During Global Financial Crisis and European Sovereign Debt Crisis (2008
12)
9.4.Fed Chairman's Testimony on Tapering of Quantitative Easing and Subsequent Phase of Volatility (May 2013)
Contents note continued: 9.5.Volatility Triggered by Yuan's Devaluation and Global Stock Markets Crash (August 2015)
9.6.Foreign Exchange Reform Measures: An Evaluation
9.6.1.Exchange Rate Movements
9.6.2.Foreign Exchange Reserves
9.6.3.Real Exchange Rate Movements
9.6.4.Foreign Investment Inflows
ch. 10 Trade Reforms and Policies in India: An Overview
10.1.Trade Policies of India: A Historical Perspective
10.1.1.Phase I (1950
75)
10.1.2.Phase II (1976
91)
10.1.3.Phase III (1992 to Date)
10.2.EXIM Policies in India
10.3.Schemes by the Ministry of Commerce and Industry
10.3.1.Revenue Insurance Scheme for Plantation Crops (RISPC)
10.3.2.Start-up India Scheme
10.3.3.Niryat Bandhu Scheme
10.3.4.E-Biz
10.3.5.MEIS
10.3.6.Served from India Scheme
10.4.India's and Multilateral Bodies
10.4.1.India and BRICS
10.4.2.India and ASEAN
Contents note continued: ch. 11 The World Trade Organization
11.1.Introduction
11.1.1.The Uruguay Round
11.2.Principles Guiding WTO Trading System
11.2.1.The Principle of Non-discrimination
11.2.2.Promoting Free Trade
11.2.3.Principle of Predictability
11.2.4.Principle of Promoting Fair Competition
11.2.5.Encouraging Development and Economic Reforms
11.3.Organization of WTO
11.4.Features of WTO
11.5.Objectives of WTO
11.6.Functions of WTO
11.7.Types of WTO Agreements
11.8.The WTO Ministerial Meets
11.8.1.The Singapore Ministerial
11.8.2.The Doha Ministerial
11.8.3.The Cancun Ministerial Meet
11.8.4.The Bali Ministerial
11.8.5.The Nairobi Ministerial
11.8.6.The Buenos Aires Ministerial
11.9.Challenges Ahead
11.9.1.Stalemates at the Ministerial Meetings
11.9.2.Threat to the Dispute Resolution Mechanism
11.9.3.Rising Protectionism
11.10.Is the WTO Falling?
Contents note continued: pt. C AGRICULTURAL SECTOR AND LAND REFORMS IN INDIA
ch. 12 Indian Agriculture: Features, Policies and Reforms
12.1.Introduction
12.1.1.Key Characteristics of Indian Agriculture
12.2.Key Indicators of the Agricultural Sector
12.2.1.Major Agricultural Economic Indicators
12.2.2.Other Important Economic Indicators: Food Grains Output and Population, Agricultural Workers and Cultivators
12.2.3.Agricultural Land Use in India
12.2.4.Agricultural Lending Patterns
12.2.5.Flow of Institutional Credit
12.2.6.Record of Crop Production
12.3.Farming System
12.3.1.Types of Farming
12.3.2.Patterns of Agricultural Organizations
12.4.Rainbow Revolution of India
12.4.1.Green Revolution
12.4.2.White Revolution
12.4.3.Yellow Revolution
12.4.4.Blue Revolution
12.4.5.Brown Revolution
12.5.Major Reforms and Schemes in the Agricultural Sector
Contents note continued: 12.6.Factors Determining Agricultural Productivity and its Current Status
12.7.Challenges Faced by Agricultural Sector
ch. 13 Land Reforms in India
13.1.Introduction
13.2.Landholdings in India: A Historical Perspective
13.2.1.Landholdings during the Pre-Independence Period
13.3.Land Reforms in India
13.3.1.Objectives of Land Reforms in India
13.4.Land Reform Measures
13.4.1.Abolition of Intermediaries
13.4.2.Tenancy Reforms
13.4.3.Landholding Ceiling
13.4.4.Consolidation of Landholdings
13.4.5.Cooperative Farming
13.4.6.Bhoodan and Gramdan Movements
13.4.7.Measures to Protect Tribal Land
13.5.Why Land Reform Measures Failed?
13.6.Land Reforms under Different Plan Periods in India
13.7.Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013
13.7.1.The Shortcomings of the Earlier Land Acquisition Act, 1894
13.7.2.Key Features of the LARR Act, 2013
Contents note continued: 13.8.Right to Fair Compensation and Transparency in LARR (Amendment) Bill, 2015
13.8.1.Key Features of the Ordinance
13.8.2.Merits and Demerits of the Ordinance
Review Questions.