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In the early months of this year, as during all of 2005, India was the beneficiary of heavy inflows of foreign capital into the local equity bazaar. But then the tide turned and the Bombay Stock Exchange's Sensitive Index started to plummet, after foreign institutional investors began trimming their exposure. The unwinding of positions was a wakeup call for many investors in India, however, reminding them that this country has been attracting relatively little reliable, long-term, direct investment capital and is, instead, heavily dependent on volatile inflows of short-term funds to finance its current-account balance-of-payments deficit. This is not to suggest that India is headed for an a;;-out crisis. Some argue that the mini-crisis the country has been going through may have a salut...
... mitigating climate change be taken into account primarily because, due to the nature of the source...No international instrument currently regulates or monitors black carbon. The United Nat... achieving cooperation will be striking a balance between the negotiating positions of developing an...
We present new evidence from a natural experiment to show circumstances in which ownership restrictions can enhance value. Our evidence is based on multiple restricted bond issues by an emerging market issuer at 150 basis points lower than comparable bonds, resulting in a billion dollars saving. This is intriguing: how can an emerging market issuer with junk bond ratings obtain such low yields? We argue ownership restrictions enhance value since they enable an issuer to precommit to renegotiate efficiently with a favored clientele in the potential default states, thereby circumventing deadweight costs of prolonged negotiations, particularly when the restricted clientele also values the underlying collateral higher than other investors. Ownership restrictions can also result in a transfe...
... by an emerging market issuer (namely, India's largest bank, the State Bank of India) exclusive... would take the above factors into account, resulting in the niche clientele holding the secu... that has dealings that extend beyond its current investment in the issuer's securities (e.g., the i...) have been the main stay of the Indian balance of payments for the past 25 years.24 Annual inflow...
... education-rights movement and focuses on India as a case study. Lastly, this Article analyzes a r... law to advocate revisiting the current equal protection landscape. . TABLE OF CONTENTS IN... to ensure that a school district has a balanced racial mix. (30) Integration goes a step further a... include, inter alia, openness, accountability, spread of democracy and the rule of law, eliminat...
With its profusion of languages, ethnic groups and regional diversities, with its unique caste system, with its contrast between information technology and industry billionaires and the nearly 300 million people who live below the poverty line, with its mixture of Mahatma Gandhi's nonviolent philosophy and outbreaks of savage communal violence, and with its success as a parliamentary democracy despite having 400 million people who cannot read or write, India remains a bewilderingly complex country. A powerful moral leader as well as a wily politician, Gandhi wanted Indians to be proud of their past, to wear Indian rather than foreign dress, to challenge their colonial overlords through peaceful protest and noncooperation and not through violence, and to eliminate discrimination against...
... before India and Pakistan began their current composite dialogue in 2004. During the 1962-63 neg... to $142 biUion (of which crude oil accounted for about one quarter). Exports featured a wide ra...
INTRODUCTION . In the current tougher business environment, international trade ... volatility in term of the currency itself, India and China have not a good enough banking infrastru... for the exportation side of the balance of payment, and on the other hand, it prevents imp... option that has not been taken into account in this article; a made-up currency. . IMPLICATION...
... opportunities for the industry, China, India and the Gulf States. China and India, today 2nd an... and aims and whether they are evenly balanced across the generators. . We have tailored the high... Than A Name Our research reveals that, currently there is no consensus of what constitutes 'the bra... has grown by 10% over the past decade, accounting for more than 95% of all Chinese tourists today10....
... different conceptions based on how they balance individual rights with the demands of social polic.... My brief account draws upon Christopher McCrudden's helpful explana...In Indiana v. Edwards, (91) the Court held that a person with... require a very significant shift from our current understanding of constitutional rights. . CONCLUSI...
The four theories of the press have long dominated in journalism education and research and arguably do a good job of describing media systems in the West. However, it is hard to fit Asian media systems into the existing theories. This paper re-examines the four press theories and identifies the difficulties in using the theories as a guide to understand media systems in Asia. The purpose of this paper is to raise issues with the applicability of the theories in an Asian media context and explore a new paradigm, which would bring in cultural values from both the East and the West.
... civilizations of the East, especially India, where several of the world's religions originated...The booming press industry tipped the balance between supply and demand. Intensified competition...Journalists today are accountable to no one but themselves and their proprietors bec... of the media to the people according to current Chinese leader Hu Jintao ("CMP," 2005). Reforms br...
... Administration is saying that the current program is not sustainable. What are your thoughts...So it's kind of a balance that you have to help people strike. . And you are.... KING: It comes down to the accountability of the employee. Whether it's a 401(k), or being t....D., is trying to get a green card, is from India or China. The waiting list for a green card for th...
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