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A Scheme for Efficient Subsidisation of Kerosene in India
The distortions in price based subsidisation are very severe. The direct fiscal cost of ensuring that a rupee of value is delivered to all household users of kerosene is as high as Rs.3 and when the consideration is the ...
Gorbachev betas the Russian coup and market blues
Extensive work has been done on response of stock markets to a variety of events, such as announcement of a firm s financial results, changes in a firm s variables. However, little work has been done on response of stock ...
Corporate governance and ethics
A First Cut Estimate of the Equity Risk Premium in India
We estimate the equity risk premium in India using data for the last 25 years. We address the shortcomings of existing indices by constructing our own total return index for the 1980s and early 1990s. We use our estimates ...