scholarly journals Singapore

2019 ◽  
Vol 19 (224) ◽  
pp. 1
Author(s):  
Keyword(s):  
Financial Markets ◽  
Open Economy ◽  
Financial Services ◽  
Economic Activity ◽  
Population Aging ◽  
Digital Technologies ◽  
International Financial Markets ◽  
Growth Prospects ◽  
The Government

Singapore is a small and very open economy and a major financial center. The financial system is highly integrated into international financial markets and serves as an important regional financial hub. After a period of subdued economic activity, growth accelerated in 2017–18, but is expected to moderate in 2019. To strengthen long-term growth prospects, amid population aging, the government is pursuing a strategy to transform the economy by harnessing emerging digital technologies. In the financial services area, this strategy has put Singapore at the forefront in fintech.

Oreskovic government in Croatia may prove short-lived

2016 ◽  
Keyword(s):  
Political Instability ◽  
Public Spending ◽  
Economic Restructuring ◽  
Right Wing ◽  
Case Scenario ◽  
Content Type ◽  
Growth Prospects ◽  
The Government ◽  
Social Conservatism

Significance After protracted negotiations, Croatia, at last, has a government, comprising the conservative Patriotic Coalition -- the Croatian Democratic Union (HDZ), plus a few small parties -- and the centre-right Bridge ('Most') of Independent Lists. The government is unusual because it is led by a non-partisan figure, Tihomir Oreskovic, a businessman who grew up in Canada and has only a shaky grasp of the Croatian language. In a best-case scenario, the government could deliver important and necessary reforms. Impacts Efforts to cut public spending will reduce the risk of a damaging financing crisis. A programme of economic restructuring will boost Croatia's long-term growth prospects. The election of two right-wing parties will consolidate the drift towards social conservatism. Tensions in the coalition will perpetuate political instability and could precipitate new elections.

scholarly journals BANKING SECTOR ORIENTED FINANCIAL INCLUSION IN INDIA: A LONG TERM PERSPECTIVE

2020 ◽  
pp. 42-59
Author(s):  
Sana Pathan ◽  
Archana Fulwari
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Financial Inclusion ◽  
Inclusive Growth ◽  
Long Run ◽  
Reserve Bank ◽  
The Government ◽  
Improve Access ◽  
Reserve Bank Of India

Financial Inclusion is an emerging concept. The objective of the government behind 100 percent Financial Inclusion is to have inclusive growth in India. Several initiatives have been taken by the Government of India and the Reserve Bank of India to improve access to financial services. To measure the effectiveness of these initiatives there is need to measure the extent of Financial Inclusion. Financial Inclusion can be measured by gauging the progress in access to and usage of a range of products and services of financial institutions over time. The present study sought to propose an index to measure the extent of banking sector oriented Financial Inclusion in India over a period of time rather than a cross-section study which has been the focus of many a studies. The study used more specific indicators of banks-centric financial inclusion dimensions to gauge the long run trend in Financial Inclusion in India. The results indicate that there is much improvement in Financial Inclusion in India since the implementation of financial sector reforms.

scholarly journals Political Costs of Tax-Based Consolidations

2019 ◽  
Vol 19 (298) ◽  
Author(s):  
Chuling Chen ◽  
Era Dabla-Norris ◽  
Jay Rappaport ◽  
Aleksandra Zdzienicka
Keyword(s):  
Public Support ◽  
Economic Conditions ◽  
Personal Income Tax ◽  
Corporate Tax ◽  
Tax Reforms ◽  
Political Costs ◽  
Growth Prospects ◽  
The Government ◽  
The Impact

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits and debt are costlier than tax consolidation policies for improving long-term growth prospects. Electoral costs are particularly high for broad-based indirect tax and corporate tax reforms. Voters tend to penalize governments less if tax consolidations are announced early in the government’s term or if the government has a strong political mandate. Favorable economic conditions increase public support for tax-based consolidations. Personal income tax reforms are electorally salient if the reforms are frontloaded, announced during recessions, and in less progressive tax systems.

Volatility of real return and impact of monetary policy rates on yield of the 182 days treasury bills in India

2019 ◽  
Vol 118 (4) ◽  
pp. 142-145
Author(s):  
Vijayalakshmi Pa
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Central Government ◽  
Secondary Market ◽  
Treasury Bills ◽  
The Public ◽  
The Government ◽  
The Impact ◽  
Financial Securities

Central Government issues securities in financial markets to meet out its financial requirements for fulfilling its objectives towards overall economic and welfare development of the nation. Both money and capital markets help to float short term as well as long term securities before the public to tap their savings. Financial institutions, Banks, primary dealers and individuals are allowed to deal with financial securities. 182 Days Treasury Bill is also one of the instrument which cater the needs of deficit of the government.  This paper deals with   182 days treasury bills for  analysing the real return and trading of  182 days treasury bills in the secondary market and the impact of  monetary policy rates on average yield  on 182 days treasury bills and concluded that monetary policy rates have impact on 182 days treasury bills in India.

Investing Productively: The Securities Market

New India ◽  
2020 ◽  
pp. 130-144
Author(s):  
Arvind Panagariya
Keyword(s):  
Financial Markets ◽  
Securities Market ◽  
Securities Markets ◽  
Publicly Traded ◽  
Productive Activities ◽  
Private Placements ◽  
Insurance Funds ◽  
Debt Market ◽  
The Government

Relative to labor, capital is India’s scarce factor of production. Therefore, it is particularly important that it is allocated to the most productive activities. Well-functioning financial markets are critical to achieving this objective. Accordingly, this chapter focuses on the securities markets in India. In terms of new issues, private placements have dominated securities markets in India, both in equity and in debt. When it comes to public placements, while there is a bit of liquidity in equities, the same is not the case in the debt market. The market in publicly traded corporate bonds is thin, with limited liquidity. This chapter offers a number of ideas to deepen this market. For instance, rules governing investment in these bonds by pension, provident, and insurance funds may be liberalized. The government may also partially de-risk long-term bonds for infrastructure projects through provision of collateral.

scholarly journals Uncertainty and Insecurity in Privacyless India: A Despotic Push towards Digitalisation

2017 ◽  
Vol 15 (3/4) ◽  
pp. 456-464 ◽  
Author(s):  
P Arun
Keyword(s):  
New Technologies ◽  
Digital Technologies ◽  
The Political ◽  
Tunnel Vision ◽  
Privacy Legislation ◽  
Political Dimensions ◽  
The Government

On November 2016, an unexpected imposition of demonetisation policy in India by Modi’s government changed the role of digital technologies in mundane lives. It was unfolded with the discourse of its potential to generate a trail of long-term benefits. Such as reduced corruption, enhanced governance and greater digitizing of the economy which could eventually lead to development of the nation. Such a despotic push in one of the world’s largest democracies had consequential effects on individual’s privacy and altered the nature of surveillance. The grand digitalisation project was veiled and fanatically endorsed with a tunnel vision while there was absence of any robust privacy legislation to protect the flow of data. This article intends to investigate the political dimensions and consequences. It will trace the contours of a despotic and authoritarian push by the government to digitise mundane lives. Therefore, it will unravel the nature of governance under the emerging new technologies, emerging legalities, and interlinking policies to understand the persistent uncertainty and perpetual fear of insecurity under this Privacyless India.

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