Here we detail about the eight roles of planning and state in the post-reform period. 1. Creating Social Infrastructure and Promoting Human Development: The first and foremost, planning is needed even after the policy of liberalisation and privatisation for creating the social infrastructure and for human development which are of crucial importance for promoting economic development. We need to build [...]
Here we detail about the five measures regarding capital market reforms. The five measures are: (1) Establishment of SEBI, (2) Setting up of Private Mutual Funds, (3) Opening up to Foreign Capital, (4) Access to International Capital Markets, and (5) Banks and Capital Markets. 1. Establishment of SEBI: An important measure regarding capital market reforms is the setting up of [...]
Let us make in-depth study of the importance and types of financial sector reforms in India since 1991. Importance: Financial sector reforms refer to the reforms in the banking system and capital market. An efficient banking system and a well-functioning capital market are essential to mobilize savings of the households and channel them to productive uses. The high rate of [...]