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One of the most troubling critiques of contemporary democracy is the inability of representative governments to regulate the deluge of money in politics. If it is impossible to conceive of democracies without elections, it is equally impractical to imagine elections without money. Costs of Democracy is an exhaustive, ground-breaking study of money in Indian politics that opens readers’ eyes to the opaque and enigmatic ways in which money flows through the political veins of the world’s largest democracy. Through original, in-depth investigation—drawing from extensive fieldwork on political campaigns, pioneering surveys, and innovative data analysis—the contributors in this volume uncover the institutional and regulatory contexts governing the torrent of money in politics; the sources of political finance; the reasons for such large spending; and how money flows, influences, and interacts with different tiers of government. The book raises uncomfortable questions about whether the flood of money risks washing away electoral democracy itself.
Eminent economists, financial experts, and top bankers are the authors of the essays collected within these two volumes, which present a concise and authoritative overview of some of the latest and the most challenging issues facing India's financial sector in the 21st century.
While much progress has been made on achieving the Millenium Development Goals over the last decade, the number and complexity of global health challenges has persisted. Growing forces for globalization have increased the interconnectedness of the world and our interdependency on other countries, economies, and cultures. Monumental growth in international travel and trade have brought improved access to goods and services for many, but also carry ongoing and ever-present threats of zoonotic spillover and infectious disease outbreaks that threaten all. Global Health and the Future Role of the United States identifies global health priorities in light of current and emerging world threats. This report assesses the current global health landscape and how challenges, actions, and players have evolved over the last decade across a wide range of issues, and provides recommendations on how to increase responsiveness, coordination, and efficiency â€" both within the U.S. government and across the global health field.
This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.
India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.
We examine how the development of the digital infrastructure known as the “India Stack”—including an interoperable payments system, a universal digital ID, and other features—is delivering on the government’s objective to expand the provision of financial services. While each individual component of the India Stack is important, we argue that its key overarching feature is a foundational approach of providing extensive public infrastructures and standards that generates important synergies across the layers of the Stack. Until recently, a large share of India’s population lacked access to formal banking services and was largely reliant on cash for financial transactions. The expansion of mobile-based financial services that enable simple and convenient ways to save and conduct financial transactions has provided a novel alternative for expanding the financial net. The Stack’s improved digital infrastructures have already allowed for a rapid increase in the use of digital payments and the entry of a range of competitors including fintech and bigtech firms.
The report describes key features of ADB's operations in India and how these have evolved to support the Government of India's focus on high, inclusive and sustainable growth. As of December 2012, the Asian Development Bank (ADB) had approved 168 sovereign loans amounting to $27.2 billion and 344 technical assistance projects amounting to $258 million on a cumulative basis for India. Today, ADB operations cover over 20 states in India. While infrastructure projects in the energy, transport, and urban sectors comprise over 75% of ADB's operations in the country, ADB is also engaged in promoting water resources management, agribusiness infrastructure development, financial inclusion, skills development, and regional cooperation and integration. The report provides a compendium of ongoing projects and case studies across ADB's sectors of operations in India. It also highlights the innovative elements of projects and showcases the impact of development assistance on people's lives and livelihoods.
While energy efficiency projects could partly meet new energy demand more cheaply than new supplies, weak economic institutions in developing and transitional economies impede developing and financing energy efficiency retrofits. This book analyzes these difficulties, suggests a 3-part model for projectizing and financing energy efficiency retrofits, and presents thirteen case studies to illustrate the issues and principles involved.
Scour and Erosion IX contains the peer-reviewed scientific contributions presented at 9th International Conference on Scour and Erosion (ICSE 2018, Taipei, Taiwan, 5–8 November 2018), and includes recent accomplishments about scour and erosion in field observation, experimental laboratory work, theoretical development, numerical modeling and disaster management. The book covers fourteen topics: A. Internal erosion B. River, coastal, estuarine and marine scour and erosion C. Rock scour and erosion D. Sediment transport: grain scale and continuum scale E. Scour and erosion around structures F. Soil erosion, restoration mechanisms and conservation G. Hillslope conservation and debris flow H. Geotechnical issues related to scour and erosion I. Field observation and analyses J. Scour and erosion testing and experiment K. Remote sensing, instrumentation and monitoring L. Advanced numerical modelling of scour and erosion M. Natural hazards due to scour and erosion N. Management of scour/erosion and sediment.
Exploring what Extent BRICS organization is playing an important role in world order. This book aims to fill a gap in studies of the BRICS of grouping countries (Brazil, Russia, India, China and South Africa). This book provides a unique and timely analysis of the role of BRICS in the economic development of BRICS and underdeveloped countries. The emergence of BRICS reflects an ongoing change in the International economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. Despite being a powerful nation, the BRICS organization is facing many major challenges. The book examines composition and direction of India’s International trade with BRICS countries and challenges faces by them.