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Central Government Domestic Debt in India. Modeling Sustainability and Impact

Автор:   Hrushikesh M.
мягкая обложка
200 страниц
2010 год
Издательство:   Книга по Требованию
Цена:
2781 руб
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Описание:This is done with a long-term perspective from 1960-61 to till 1999-00 and finds its immediate relevance in the context of rising central government domestic debt in India. Although there are some respite due to curbs on revenue and fiscal deficits with the implementation of Fiscal Responsibility and Budget Management Act of the government of India(2003), but the general trends of economic aggregates continues almost in the same direction, with few exceptions. It involves a wide range of issues and questions. The present exercise takes cognizance of those debates and takes off itself by addressing some crucial issues in the deliberations; that of the sustainability of public debt/fiscal policy. It moves on then to empirically examine the economic impact of debt in the Indian context. The experience of a persistent escalation of government debt as a legacy of past accumulated deficit is something universal to all major emerging economies and has thrown open acrimonious and insistent debates. This work emanates from the Doctoral research on Central government domestic debt and its impact on private consumption and investment in India.


Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка

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When China Rules the World

Finally, the powerful sense of Chinese identity helped China resist many of the most negative cultural and psychological effects of Western and Japanese colonialism. [270] The Chinese remained bitterly hostile towards the presence of the Western powers and the Japanese, and felt deeply humiliated by the concessions they were forced to make; this was quite different from India, for example, which learnt to accommodate the presence of the British. [271] Despite everything, the Chinese never lost their inner sense of self-confidence — or feeling of superiority — about their own history and civilization. [272] This notwithstanding, the scale of China ’s suffering and dislocation in the century of humiliation has had a profound and long-term effect on Chinese consciousness, which remains to this day. AFTER 1949 By 1949 China had suffered from an increasingly attenuated sovereignty for over a century. After 1911 it had experienced not only limited sovereignty but also, in effect, multiple sovereignty, [273] with the central government being obliged to share authority with both the occupying powers (i.e., multiple colonialism) [274] and various domestic rivals ...»

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