Slide 1
Search:

INTEREST RATES IN INDIA

INTEREST RATES IN INDIA

TOWARDS HARMONY

G. GIRIDHAR PRABHU

Year : 2015

Bibliography :

pp 392

ISBN : 9788175418059(HB), Price : $140.00 Add To Cart

ISBN : 9788175418066(PB), Price : $55.00Add To Cart

About the Book

This book addresses the evolution of an interest rate structure in India from the controlled era prior to 1991 to the gradual transition to market oriented rates. The anomalies, distortions and aberrations from time to time got addressed simultaneous to the outcome of the expansion of the economy. Some areas are still open to corrections and corrective actions. Subsidies in interest rates give rise to economic inefficiency. The large scale capital flows in the world into India and outflows could affect interest rates. Concerns at the large outgo of interest payments of Government of India and State Governments have been highlighted with possible remedies.

Sound regulation is a pre-requisite for a modern financial sector. Building of new institutions and strengthening existing ones will give rise to a robust financial sector. India's position as one of the five largest economies in the world for the rest of this century needs to be consolidated. Liberalism answers to the requirements of a market economy. Education, organisation and self-discipline are the only missing ingredients in the presence of ample resources.

Harmony is an expectation as well as a result of orchestration of all players in a financial market. Integration of India with the world on India's terms is the main theme. The book is for the earnest in authority to see policy into practice and for the intelligent observer who can balance opposites.

About Author

G Giridhar Prabhu (b. 1957) graduated in Commerce from St Aloysius College in Mangalore under the University of Mysore. Resident of Mangalore, Karnataka, he owns and manages cashew manufacturing units at two locations, Urban Mangalore and Rural Maharashtra which are credited with over 50 firsts in the cashew industry in India and the world.  Engaged in small and now medium enterprise he has vast experience in business, industry and public life.  He has been active in trade associations and was the President of Kanara Chamber of Commerce and Industry in Mangalore and actively promoted infrastructure, large Industry, the Mangalore SEZ and trade and commerce of the region. He has been Vice Chairman of the Cashew Export Council of India and President of the Karnataka Cashew Manufacturers Association.

A specialist in cashew, Mr. Prabhu has been a member of the Indian Cashewnut Development Council and Member, National Steering Committee on Cashew, under the Ministry of Agriculture. He has a passion for management and economics and is currently Chairman of the Economic Research Centre, Mangalore founded by Liberal Economist, Late Prof B R Shenoy. He is married to Archana and has three daughters Achala, Amitha and Anuja.


Contents

Preface

Abbreviations

Introduction

PART 1

Interest Rates 1992 – 2010

Anomalies, Aberrations and Distortions

1. Call Money

2. Small Savings and Market Rates

3. Open Market Operation in Government Securities

4. Interest Rates and Nbfcs

5. Effecting Savings on Interest Payments of the
Government of India

6. Transition of Primary Debt Issue from Rbi to
Government

7. Evolution of an Interest Rate Structure for India

8. Interest Rates and Exchange Rate Premia

9. Financial System and Multiple Interest Rates

10. Interest Rate, State Governments and Market

11. Immediate Positions

12. Action from the Reserve Bank of India

13. Forex Volatility and Interest Rates

14. Government of India: Debt Issue Calendar a Golden
Opportunity

15. Open Market Operations

16. Interest Rate Decontrol in a Free Market Environment

17. Alignment of Bank Deposit Interest Rates: Analysis
and Case for Regulation

18. Prime Lending Rate

19. Monetary and Credit Policy Current Imperatives

20. Savings Bank Rate

Part 2

Interest Rates 2011 - 2014
Towards Harmony

21. Bank Rate

22. Interest Rate Regulation of Bank Deposits and Loans

23. Scope for Reduction in Interest Rates on Central
Government Borrowings in the Near Term

24. Interest Rate Subsidies and Subvention

25. Management of Capital and Institution Building

Epilogue

Annexures

Notes to Annexures

I.Research Topics

II.On Inflation

III.Open Market Operation

IV.Budget at a Glance

V.Receipts

VI.Receipts Budget, 2014-2015

VII.Receipts Budget, 2014-2015

VIII.Receipts Budget 2014 -2015

IX.Deposit Rates of Commercial Banks

X.World Interest Rates

XI.India’s External Debt

XII.Acknowledgements

Index

Additional Info.

xvi+376 pp

1039472 visits

© Copyright 2020, Shipra Publications. All Rights Reserved.