ISSN (Online) - 2349-8846

K G K Subba RaoSubscribe to RSS - K G K Subba Rao

Discrepancies between Flow of Funds Accounts and National Accounts Statistics

The Reserve Bank of India revamped the flow of funds compilations to be in conformity with the sectoral classification recommended in the System of National Accounts 2008, which has also been adopted in the revised series of National Accounts Statistics, brought out by the Central Statistics Office. Though the revisions made in the compilations of the two organisations are expected to bring about refinements, wide discrepancies have been noticed between the financial resources gap emanating from the flow of funds accounts and the investment–saving gap derivable from the National Accounts Statistics. The revisions inducted into the respective accounts emphasise the need to reduce the discrepancies between the two sets of accounts to an acceptable level.

A Critique of RBI’s Trend and Progress of Banking in India

Over the last three years, the scope of the Reserve Bank of India’s Report on Trend and Progress of Banking in India has drastically come down. Information on important aspects of the operations of commercial banks and other financial institutions is now not presented in the report. A plea is made to restore the contents of the erstwhile reports and enhance the utility of the publication with additional data fromRBI’s existing database.

Mystery of Private Corporate Sector Saving

In the revised series of National Accounts (base year 2011-12), the sectoral coverage of the private corporate sector has been widened to include quasi-corporations, while the Central Statistics Office has begun compiling an estimate of the private corporate sector using the Ministry of Corporate Affairs' MCA-21 database. This is a radical departure from the practice followed so far, and the MCA-21 database and the other sources of data as also the methodological details are examined here to suggest improvements for refining the estimates.

Critique of 2009 Committee on Savings and Investment

The High Level Committee on the Estimation of Savings and Investment that was constituted in 2007 and submitted its report in 2009 was the third such group to be formed to recommend improvement in the quality of the estimates of these important economic variables. This article discusses and critiques the report of the Committee.

Inconsistencies in Patterns of Wealth Disparities

This article critiques Arjun Jayadev et al's 'Patterns of Wealth Disparities in India during the Liberalisation Era', detailing problems with the data used as also the means of deflation of the stock of physical and financial assets held by households.

Financial Inclusion: An Introspection

The impact of the credit policies and financial innovations implemented from time to time with reference to priority sectors is reflected in the decennial household surveys on debt and investment conducted by the National Sample Survey Organisation and also the periodical surveys on small borrowal accounts conducted by the RBI. This article highlights the salient features of these surveys which, inter alia, throw light on the reliance of these groups on institutional and non-institutional sources of finance.

Indebtedness of Cultivator Households

Two important surveys, viz, the Situation Assessment Survey and the All-India Debt and Investment Survey were conducted in the 59th round of the National Sample Survey Organisation in 2003. A common topic was the indebtedness of farmer/cultivator households. The estimates of incidence of debt, extent of indebtedness and also the pattern of debt owed to institutional and non-institutional agencies, showed wide variations among different states and also at the all-India level in the two surveys, mainly because of the differences in concepts, definitions, methods of data collection, sample design, etc.

A Financial System for India's Poor

one year. Thus, it would appear that some A Financial System of the households operating land less than the cut off point of 0.002 hectares classified as non-cultivator households in for India

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