A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Panda, Pradeep Kumar
- Predicting Returns on Mutual Fund: Some Indian Evidence
Authors
1 School of Economics, University of Hyderabad, Andhra Pradesh, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 54, No 4 (2012), Pagination: 434-448Abstract
Common indicators of business and monetary conditions, the lagged mutualfund-risk premium and the market-risk premium are used to predict mutualfund returns for a time horizon of one-day. In isolation, each of the four predictors significantly forecast mutual-fund returns from April 2008 to March 2011 for Indian market. The indicator of monetary conditions, i.e., the MIBOR premium is found to have the strongest forecast power. Multivariate analysis confirms that the four predictors are indeed strong forecasters of mutual fund returns. Moreover, the MIBOR premium, term premium and lagged mutual-fund-risk premium emerge as the best and most consistent predictors of mutual fund returns. The market-risk premium is found to be good, but less consistent as predictor of mutual-fund returns.- Efficacy of Gender Budgeting in Reducing Gender Inequality:A Panel Study in Asia-Pacific Countries
Authors
1 School of Social Sciences, IGNOU, New Delhi 110068, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 61, No 3 (2019), Pagination: 279-290Abstract
Gender budgeting is a fiscal policy measure that seeks to use a country’s national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While literature has explored the connection between reducing gender inequality and achieving growth and equitable development, more empirical analysis is needed to determine whether gender budgeting really curbs gender inequality. This study follows the methodology of Stotsky and Zaman (2016) to investigate across Asia-Pacific countries the impact of gender budgeting on promoting gender equality, and also increasing fiscal spending on health and education. It classifies Asia- Pacific countries as ‘gender budgeting’ or ‘non-gender budgeting’ according to whether they have formalized gender budgeting initiatives in laws and/or budget call circulars. To measure the effect of gender budgeting on reducing inequality, we measure the correlation between gender budgeting and the Gender Development Index (GDI) and Gender Inequality Index (GII) scores in each country. The data for gender inequality variables are mainly drawn from the IMF Database on gender indicators and the World Development Indicators database over 1990-2013. Result shows that gender budgeting has significant effect on increasing GDI and small but significant potential to reduce GII. These results strengthen the rationale for employing gender budgeting to promote inclusive development. However, the results show no prioritization for gender budgeting in the fiscal space of health and education sectors in the region.References
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- Bandiera, O. and N. Ashwini (2013), Does Gender Inequality Hinder Development and Economic Growth? Evidence and Policy Implications, World Bank Research Observer (WBRO), 28(1): 2-21.
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- Berik, G., Rodgers, and Seguino (2009), Feminist Economics of Inequality, Development, and Growth, Feminist Economics, 15(3): 1-33.
- Budlender, D. (2015), Budget Call Circular and Gender Budget Statements in the Asia Pacific: A Review, New Delhi: UN Women.
- Chakraborty, L. (2014), Gender-Responsive Budgeting as Fiscal Innovation: Evidence from India on Processes, Working Paper No. 797, New York: Levy Economics Institute.
- ---------- (2016), Asia: A Survey of Gender Budgeting Experiences, International Monetary Fund Working Paper 16/150 (Washington, DC: IMF).
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- Kolovich, L. and S. Sakina (2016), Middle East and Central Asia: A Survey of Gender Budgeting Efforts, International Monetary Fund Working Paper 16/151 (Washington, DC: IMF).
- Lahiri, A., L. Chakraborty and P.N. Bhattacharyya (2002), Gender Budgeting in India, Follow the Money Series, New York: UNIFEM (UN Women).
- Mushi, V. and E. Mamkwe (2010), Challenges and Successes of Gender Budgeting Initiatives: A Case Study of Tanzania, Accountancy and Business Review Journal, 7(2): 19-24.
- Nakray, K. (2009), Gender Budgeting: Does it really work? Some experience from India, Policy and Politics, 37(2): 307-310.
- Qian, N. (2008), Missing Women and the Price of Tea in China: The Effect of Sex-Specific Earnings on Sex Imbalance, Quarterly Journal of Economics, 123(3): 1251–1285.
- Seguino, S. (2008), Gender, Distribution, and Balance of Payments Constrained Growth in Developing Countries, Working Paper 133, Political Economy Research Institute.
- Sharp, R. and D. Elson (2008), Improving Budgets: A Framework for Assessing Gender Responsive Budget Initiatives, Mimeo, Adelaide: Hawke Research Institute for Sustainable Societies, University of South Australia.
- St. Hill, D. (2002), The United Kingdom: A Focus on Taxes and Benefits, in Gender Budgets Make More Cents: Country studies and good practice, Eds. D. Budlender and G. Hewitt, Commonwealth Secretariat, London.
- Stotsky, J.G. (2016), Gender Budgeting: Fiscal Context and Overview of Current Outcomes, International Monetary Fund Working paper, 16/149 (Washington, DC: IMF).
- Stotsky, J.G. and Z. Asad (2016), The Influence of Gender Budgeting in Indian States on Gender Inequality and Fiscal Spending, International Monetary Fund Working paper 16/227 (Washington, DC: IMF).
- Udry, C. (1996), Gender, Agricultural Production, and the Theory of the Household, Journal of Political Economy, 104(5): 1010–1046.
- UN Women (2012), Gender Responsive Budgeting in the Aid Effectiveness Agenda: End-of-Programme Evaluation (Revised Evaluation Report), Universalia.
- United Nations (2005), Progress towards the Millennium Development Goals, 1990–2005. Secretary--General’s Millennium Development Goals Report, New York and Geneva: United Nations Publications.
- Wooldridge (2002), Econometric Analysis of Cross Section and Panel Data, Jeffrey M. Wooldridge, The MIT Press, Cambridge, Massachusetts, London, England.
- World Bank (2011), World Development Report 2012: Gender Equality and Development (Washington, DC: World Bank).
- Ayushman Bharat:Challenges and Way Forward
Authors
1 School of Social Sciences, Indira Gandhi National Open University, Maidan Garhi, New Delhi – 110068, IN
Source
Jaipuria International Journal of Management Research, Vol 5, No 2 (2019), Pagination: 53-65Abstract
‘Ayushman Bharat’ programme is India’s most definitive step so far towards promotive, preventive, curative, palliative and rehabilitative aspects of Universal Health Coverage. Adopting continuum of care approach, Ayushman Bharat is being implemented through two interrelated components, viz., Health and Wellness Centres to provide primary care and PMJAY for providing financial protection for accessing hospitalization care at the secondary and tertiary levels. PMJAY is world’s largest Government funded health protection scheme covering about 50 crore beneficiaries. Nowhere in the world this kind of work has been implemented on such a large scale. Consolidation and stabilizing the implementation of scheme is an enormous task. The AB-PMJAY is being currently implemented across 32 States/ UTs. A well-defined Complaint and Public Grievance Redressal Mechanism, has been put in place through which complaints/ grievances are registered, acknowledged, escalated for relevant action, resolved and monitored. PMJAY has created a robust IT system for implementation of the scheme. Monitoring and Evaluation is key for successful implementation and ensuring the intended results of such a large scheme like AB-PMJAY. At the Central level, these UHC dimensions (coverage, benefits and financial protection) are being continuously kept on track on periodic basis through the following functional domains: Beneficiary management, Transaction management, Provider management and Support function management (comprising functions such as capacity development, grievances, frauds and abuse, call centre, etc.). A strong real-time online MIS is set up at the national level to review Key Performance Indicators and achievement of results with respect to the targets defined under the domains. For a program of scale, magnitude and complexity as that of PMJAY, it is critical to put in a place strong anti-fraud mechanism not only from financial perspective but also to safeguard people’s health from unethical and malpractices. National Health Authority is cognizant of the issue and has taken number of steps to safeguard the program from the inception.
Keywords
Ayushman Bharat. Health, Universal Health Coverage, Healthcare, Challenges, India.References
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- National Sample Survey Organisation (2006). Morbidity, Health Care and the Condition of the Aged-NSS 60th Round (January-June 2004) 2006. Report No.: 507 (60/25.0/1)
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- Press Information Bureau Ministry of Finance (2018). Ayushman Bharat for a New India-2022, Available from: http://www.pib.nic.in/newsite/PrintRelease.aspx?relid=176049 .
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- Union Budget (2018-19) – Department of Health & Family Welfare [database on the Internet] Centre for Budget and Governance Accountability. 2018. Available from: https://www.openbudgetsindia.org/dataset/department-of-health-and-family-welfare-2018-19/resource/5fca8312-b8a5-45dd-8e82-655d83945a59 .
- Vivek, V. (2017). Indians Sixth Biggest Private Spenders on Health among Low-Middle Income Nations. India Spend. 2017. Available from: http://www.indiaspend.com/cover-story/indians-sixth-biggest-private-spenders-on-health-among-low-middle-income-nations-78476.
- Perspective Evaluation of Mission Karmayogi Scheme in India
Authors
1 Indian Institute of Public Administration, New Delhi, IN
Source
Jaipuria International Journal of Management Research, Vol 7, No 1 (2021), Pagination: 31-41Abstract
Purpose: Mission Karmayogi is a bold initiative by the Government of India to democratize the training process and puts everyone on the same playing field. This mission emphasizes the ‘servant’ part in the acclaimed civil services. It attempts to address the issues in the existing system, such as complexity and red-tapism, through a capacity-building initiative working at an individual, institutional, and procedural level. The training of employees is a crucial part of their work tenure, but it is only limited to certain topmost services. The 89% of bureaucrats who are in direct touch with the public receive fragmented and sub-par training. Through a bottom-up approach and digitized way of working and training, it attempts to end the ‘work-silo’ culture of the bureaucracy. Mission Karmayogi aims to cover 46 lakhs employees of the central government within its purview.
Design/Methodology/Approach: The government plans to spend INR 510.86 crore over five years, from FY 2021-22 to FY 2024-25. This amount will be partly funded by multilateral assistance of USD 50 million from the World Bank. External accountability and transparency must be crucial for more excellent responsiveness. Improved information systems can ensure this, responsibility for inputs, better audit, publishing all the budget summarised and track records related to this mission by each department suo motto, and a more robust performance evaluation system.
Findings: Mission Karmayogi is India's first robust mission to reform civil services and empower them to deliver services effectively and efficiently. It must deal with many issues and tensions. This mission can sail through all these shortcomings if the program is powered with an extended vision and fueled by constant motivation.
Research Implications: Mission Karmayogi has potential to reform India's civil services and empower them to deliver services effectively and efficiently, if it is implemented efficiently.Keywords
Mission Karmayogi, Governance, Bureaucracy, Reform, Training, Capacity Building, Accountability, Transparency, India.References
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- Gender Budgeting in India: Some Recent Evidence
Authors
1 Indian Institute of Public Administration, New Delhi, IN
Source
Jaipuria International Journal of Management Research, Vol 7, No 2 (2021), Pagination: 03-14Abstract
Purpose: Because it combines gender views and takes into account concerns connected to gender at all levels and phases of development, planning, policy making, programs, and delivery methods, gender budgeting has been widely hailed as a critical instrument for advancing women's empowerment. Additionally, it effectively addresses gender disparities in budget allocations, particularly in areas that are reflective of the general public, such as education, health, and nutrition. Gender budgeting strives to increase access to resources while also ensuring that government resources are distributed fairly across all citizens and groups. As a result, gender budgeting opens up new possibilities for women empowerment. Gender budgeting is becoming increasingly important and creasingly important necessary in the contemporary Indian setting, where women were traditionally isolated, underestimated, and marginalized for a variety of reasons. Despite the fact that the Indian government's experience with gender budgeting is frequently cited as a model for other gender budgeting efforts, there seems to be a clear disparity between what was envisioned and what has been achieved under the banner of gender budgeting in the country.
Methodology: This study makes use of the secondary data collected from the Government of India's gender budgeting statements and the Ministry of Women and Child Development's annual publications. The data were analyzed using various tools for arriving at broad findings of this study.
Findings: There seems to be a clear disparity between what was envisioned and what has been achieved under the banner of gender budgeting in the country. There is an urgent need for particular policy involvement from the government in order to address the issue of violence against women and to promote gender equality
Keywords
Gender Budgeting, Gender Equality, Women Empowerment, SDG 5, India.References
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- Aguirre, D., Leila, H., Christine, R., and Karim, S., (2012). Empowering the Third Billion. Women and the World of Work in 2012, Booz and Company.
- Arenello and Bond, (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. The Review of Economic Studies, 58(2): 277-297.
- Bandiera, O. and Ashwini, N., (2013). Does Gender Inequality Hinder Development and Economic Growth? Evidence and Policy Implications, World Bank Research Observer (WBRO), 28(1): 2-21.
- Banerjee, N. and Roy, P. (2004), What Does the State Do for Indian Women?, Economic Political Weekly. 39 (44) : 4831-7.
- Berik, G., Rodgers, and Seguino, (2009). Feminist Economics of Inequality, Development, and Growth, Feminist Economics, 15: 1-33.
- Budlender, D., (2015). Budget Call Circular and Gender Budget Statements in the Asia Pacific: A Review, New Delhi: UN Women.
- Chakraborty, L., (2014). Gender-Responsive Budgeting as Fiscal Innovation: Evidence from India Chakraborty, L., (2016). Asia: A Survey of Gender Budgeting Experiences, International Monetary Fund Working Paper 16/150 (Washington, DC: IMF).
- Chattopadhyay, R. and Duflo, E. (2004). Women as Policy Makers: Evidence from a Randomized Policy Experiment in India, Econometrica, 72(5): 1409–43.
- Chinkin, C., (2001). Gender Mainstreaming in Legal and Constitutional Affairs: A Reference Manual for Governments and Other Stakeholders, Gender Management System Series, London: Commonwealth Secretariat.
- Cuberes, D. and Marc, T., (2012). Gender Gaps in the Labor Market and Aggregate Productivity, Sheffield Economic Research Paper, SERP 2012017.
- Cuberes, D. and Marc, T., (2014). Gender Inequality and Economic Growth: A Critical Review, Journal of International Development, 26: 260-76.
- Dollar, D. and Roberta, G., (1999). Gender Inequality, Income, and Growth: Are Good Times Good for Women? Policy Research Report on Gender and Development, Working Paper Series 1, World Bank.
- Elson, D., (2006). Budgeting for Women’s Rights: Monitoring Government Budgets for Compliance with CEDAW. New York: UNIFEM.
- Government of India (2015), Gender Budgeting Handbook, Ministry of Women and Child Development, New Delhi Government of India (2016), Expenditure Budget, Volume 1 (Statement 20).
- Goyal, A. (2010), Women Empowerment through Gender Budgeting- A Review in the Indian Context in Gender Budgeting and Women Empowerment in India (Ed), by Singh, Serial Publications: 138-48.
- Hill, M. A. and Elizabeth, K., (1995). Women’s Education and Economic Wellbeing, Feminist Economics, 1(2): 21–46.
- Jhamb, B, and Mishra Y. (2015). Gender Responsive Budgeting in India; Time to Ask Questions. Economic Political Weekly. 50(50):54-62.
- Kabeer, N. and Luisa, N., (2013). Gender Equality and Economic Growth: Is There a WinWin? IDS Working Paper, No. 417, Brighton: Institute of Development Studies.
- Lahiri, A., Chakraborty, L. and Bhattacharyya, P. N. (2002). Gender Budgeting in India, Follow the Money Series, New York: UNIFEM (UN Women).
- Menon, Sen, Kalyani, and Prabhu SK. (2001), The Budget: A Quick Look through a Gender Lens”, Economic and Political Weekly, 36(14, 15):1164-9.
- Nakray, K., (2009). Gender Budgeting: Does it Really Work? Some Experience from India, Policy and Politics, 37(2): 307-10.
- Panda, P.K. (2019), Efficacy of Gender Budgeting in Reducing Gender Inequality: A Panel Study in Asia Pacific Countries, Artha Vijanana, 61(3): 279-290.
- Seguino, S., (2008). Gender, Distribution, and Balance of Payments Constrained Growth in Developing Countries, Working Paper 133, Political Economy Research Institute.
- Sharp, R. and Elson, D. (2008). Improving Budgets: A Framework for Assessing Gender Responsive Budget Initiatives, Mimeo, Adelaide: Hawke Research Institute for Sustainable Societies, University of South Australia.
- Singh, K. A. (2010). An Over View of Gender Budgeting in India. Gender Budgeting and Women Empowerment in India (Ed), Serial Publications, New Delhi.
- Stotsky, J.G. and Asad, Z. (2016). The Influence of Gender Budgeting in Indian States on Gender Inequality and Fiscal Spending, International Monetary Fund Working paper 16/227 (Washington, DC: IMF).
- Stotsky, J.G., (2016). Gender Budgeting: Fiscal Context and Overview of Current Outcomes, International Monetary Fund Working paper, 16/149 (Washington, DC: IMF).
- Udry, C., (1996). Gender, Agricultural Production, and the Theory of the Household, Journal of Political Economy, 104(5): 1010–46.
- UN Women, (2012). Gender Responsive Budgeting in the Aid Effectiveness Agenda: End-of-Programme Evaluation (Revised Evaluation Report), Universalia.
- United Nations, (2005). Progress towards the Millennium Development Goals, 1990–2005. Secretary--General’s Millennium Development Goals Report, New York and Geneva: United Nations Publications.
- World Bank, (2011). World Development Report 2012: Gender Equality and Development, Washington, DC.