ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Subrata SarkarSubscribe to Subrata Sarkar

Health Insurance in Rural India

This paper examines whether consumption expenditure of households in rural India is insured against ailments. We formulate a model where agents face shocks to their income and utility due to ailments and share such risks through a bargaining process. The predictions of the model are tested using data generated from the 52nd round of National Sample Survey. We find that except for some scheduled tribe households and three out of 77 regions in India, villagers seem to be insured against health shocks. The results are robust to regional heterogeneity and data truncation on the basis of caste and occupation. We do not, however, find risk sharing to be complete. Hence, it may be that health is partially self-insured.

Board Independence and Corporate Governance

In view of the demand-and-supply constraints created by the existing and proposed regulations for independent directors on corporate boards, it is necessary to choose the right set of recommendations of the various committees that have studied the issue, and sequence them appropriately. The newly introduced definition of independence should be implemented strictly and nominees should not qualify as independent directors. Also, lowering the requirement that independent directors constitute a minimum of 50 per cent of the board will give companies more flexibility as well as meet a basic threshold of independence.

Growth and Interstate Disparities in India

This paper offers analytical description of the economic performance of Indian states as reflected in their per capita (net) state domestic product. Statistical analysis of data for the period 1960-61 to 1995-96 shows a clear tendency for Indian states to diverge in per capita SDP, but converge in shares of different sectors in the SDP.
Back to Top