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

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Political Economy of Statistics

A mass of economic statistics is being collected in surveys carried out by a number of official organisations. However, these statistics are often misinterpreted. A case in point is the data on indebtedness.

Urban Cooperative Banks:Issues and Prospects

Against the backdrop of a review of the performance of the urban cooperative banks (UCBs), this article discusses the issues raised by the recent turbulence in the sector typified by the Madhavpura Bank episode and its fallout. From the regulators' point of view, the agenda for reform of UCBs is fourfold: aligning the UCB sector with the rest of the financial system, deciding the future of weak bank entities, improving governance and resolving the issues arising from dual control.

India's Trade Database:A Comment

SS Roy deserves congratulations for his article on ‘India’s Trade Database’ (EPW, January 6, 2001). The various dimensions of this aspect are discussed at length critically there. In this note, we seek to pursue it, with special reference to the problem of weight allocation while constructing index number. We had earlier undertaken an exercise of constructing a quantity index, which in literature is also termed as volume index, for India’s imports, for the period 1960-61 to 1970-71. An article containing the results of it was published, titled ‘Trends in India’s Imports’ in EPW issue dated May 9, 1981. Against this backdrop, the following is an attempt to clarify the concept of index number. It appears to be simple but perhaps is not so when examined little closely.

Net Foreign Exchange Earnings of Private Corporate Sector

Private Corporate Sector Vidya Pitre This paper is an empirical analysis of trends in foreign exchange earnings and expenditure of the private cpr- porate sector over the period 1960-61 to 1987-88. It is based on data from the RBI Survey Reports on Foreign Collaborations and the RBI Studies on Finances of Medium and Large Public and Private Limited Companies and Foreign Controlled Rupee Companies. Three distinct phases are identified' (i) 1960-61 to 1972-73 (ii) 1974-75 to 1977-78 and (iii) 1978-79 to 1987-88, each characterised by a different set of policies, state of the industrial economy and foreign trade and payments situation.

Measurement of Import Substitution-A Sceptical Note

estimating the contribution of import substitution to industrial growth. However, there is no consensus on the appropriate method to measure import substitution. Consequently, all the methods in use lead to inconsistencies when applied to actual data. In this note we try to understand different concepts of import substitution and review the various measures which have been used in making estiamtes of import substitution.

A Study of Trends in India s Imports, 1960-61 to 1974-75

A Study of Trends in India's Imports, Vidya Pitre Ample basic data on India's foreign trade are available, but they cannot be said to be satisfactory in all respects. The difficulty is that there have been hardly any attempts to put the data in a readely comparable, systematic, statistical series.

Employment Guarantee Scheme and Food for Work Programme-A Comment

1 Address by the Managing Director of the Fund before the Economic and Social Council of the United Nations in Geneva on July 4, 1980; IMF Survey, July 7, 2 Speech by President Nyerere of

International Competitiveness of India in the 1970s-A Comment

 Charasuthien and Narong Kittika- chorn, all hardline anti-communist military dictators who had outlived their usefulness to the US after the Kissinger/Nixon, switch to 3 policy of accommodation with Peking.

Import Substitution in Machinery and Transport Equipment Sector, 1960-70

Transport Equipment Sector, 1960-70 Vidya Pitre This study attempts to assess the extent of import substitution that has taken place in the machinery and transport equipment sector during the period 1960-70. It does not claim to make any theoretical contribution to the study of the various aspects of import substitution, but makes a modest attempt to verify empirically the behaviour of imports of machinery and transport equipment in relation to domestic production and requirements.

Illegal Transactions in Trade and Payments-A Comment

Illegal Transactions in Trade and Payments A Comment Vidya Pitre IN many underdeveloped countries, smuggling takes place on a large scale and is a major problem. There is undoubtedly a need, therefore, to look at smuggling not only as a moral and legal problem but also as a purely economic problem. Estimation of the faked invoicing and of the quantum of smuggling has been attempted by Satyendra S Nayak1 by making use of partner-country data and customs data. His analysis reveals that, in India, there has been a greater tendency to underinvoice imports and exports than to overinvoice them. Thus, over the period 1962-72, the result has been an increase in total demand for illegal exchange on account of the increase in smuggling and import/export invoice manipulations.
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