Indira Gandhi Institute of Development Research

About: Indira Gandhi Institute of Development Research is a facility organization based out in Mumbai, Maharashtra, India. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 307 authors who have published 1021 publications receiving 18848 citations.

The Impact of Speculation Upon Volatility and Market Efficiency: The Badla Experience on the Bse

Abstract: On 12 March 1994, SEBI imposed new norms on trading on the Bombay Stock Exchange, and the effective consequence of this has been an elimination of badla, a form of forward trading. Without badla, the role of speculative traders on the BSE is diminished. This paper sets out to measure the impact of this elimination of speculative trading upon volatility on the BSE. We explore, and criticise, a variety of different methods of arriving at a conclusion on this question, and present an estimation strategy which exploits the unique opportunity to view this episode as a natural experiment. Our examination of daily unsystematic risk, which takes the value of 3% in our sample on average, reveals that badla diminishes it by roughly 0.25 percentage points. Working with weekly returns data, badla seems to have no impact upon unsystematic risk. On the subject of market efficiency, we find that badla is slightly beneficial for short--horizon market efficiency: the non-forecastability of daily returns of A companies has worsened in the year following 12 March 1994. This effect is most pronounced in a short horizon; the degree of forecastability of weekly returns is essentially unchanged in the year after 12 March 1994. Obtaining from mail server: send email to mserver@cmie.ernet.in with these two lines in the body: get sigfi badla1.uue get sigfi badla2.uue The file badla1.uue uudecodes into piece.aa The file badla2.uue uudecodes into piece.ab Concatenate these two to get the file paper.ps.gz

Sustainable Energy Security for India—An Indicator-Based Approach

Abstract: The imperative for energy security is paramount for global, national and internal stability, and development. Using an indicator-based approach, the present study develops a framework for sustainable energy security of India. First, it presents the energy supply and demand situation in the country under different scenarios. Then it conceptualizes the notion of energy security and quantifies it for India with the help of different indicators for energy security available in the literature. Both the supply and demand side views and both micro and macro dimensions are considered in assessing how secured India as a country is with respect to our energy future. The dimensions that include energy security are: economic, environmental, social, and institutional. This will help planners and policy makers to understand India’s energy scene better and design policies to develop sustainable technologies and practices to ensure energy resources last long.

Milk Supply Behavior In India: Data Integration, Estimation And Implications For Dairy Development

Abstract: We develop and estimate a model to derive the sources of growth in Indian milk production. A substantial share of this growth is attributed to technological progress associated with the cooperative system. Directed interventions in the dairy sector can account for only a fraction of this technological progress. For instance, cross-breeding only partially explains the growth in cow milk production, suggesting improvement in the quality of indigenous cows. Diffuse determinants may thus play an important role in dairy development. In this regard, the cooperative system provides a channel for the dissemination of information as well as an infrastructure base for the adoption of new technology.

Indian LIS Job Market and its Visibility through Portals and Mailing Lists/Forums

Abstract: The main aim of the study was to explore how marketing of LIS jobs is done through Mailing list/Portal. Content analysis method was applied considering job advertisements for Library and Information professionals that appeared from January 2014 to December 2014 in mailing lists & Portal. The analysis of jobs were done by considering pointers such as number, month-wise, state-wise, nature of appointment, job description etc. It was observed that maximum number of job ads were posted during first half of the year, January receiving high number of job ads. The maximum number of ads posted was of General category. It was observed that more than half of job ads posted were of temporary/contractual nature. It was noted that almost 3/4 job ads were posted for Academic Libraries. It was found that half of the job ads came with full job description whereas half mentioned a link to the original ad appearing in respective universities website/newspaper.

Competition for foreign capital: Endogenous objective, public investment and tax

Abstract: In this paper we endogenize the objective functions of the regions as well as their decision to provide public investment in a model of competition for foreign owned mobile capital. We demonstrate that the competing regions can `restrict race-to-the-bottom' in tax rates by deviating away from social welfare to net tax revenue. It is optimal for a region to be fully revenue oriented even if that region's ultimate goal is to maximize social welfare, irrespective of whether the rival region is concerned about social welfare or net tax revenue. Moreover, we demonstrate that the regions have unilateral incentive to spend on public investment, except in case of perfect spillover. In equilibrium, both the regions spend on public investment and end up with Pareto inferior outcomes.