Papers by Lakshmipati Rao Viriyala
The growth rates according to the new data do not appear robust. The IMF is advising CSO on this ... more The growth rates according to the new data do not appear robust. The IMF is advising CSO on this matter. The consultation should have been done before announcing the data. The new data may be used without proper scrutiny as public memory is getting shorter.
The new Foreign Trade Policy set a target for combined merchandise exports and exports of service... more The new Foreign Trade Policy set a target for combined merchandise exports and exports of services. Though the latter are stable, they won't be able to tackle the current account deficit. A change in the mind-set of both the exporters and the government is needed.
Visakhapatnam aspires to make big strides in IT exports. There are several constraints such as ... more Visakhapatnam aspires to make big strides in IT exports. There are several constraints such as non-availability of skilled personnel, lack of infrastructure facilities and big push by the government. The industry also needs to put in its own efforts to realise the objective.
There were no changes in the interest rates in the 7 April 2015 monetary policy announcement. Thi... more There were no changes in the interest rates in the 7 April 2015 monetary policy announcement. This was not a surprise, though earlier announcements of changes / status quo were considered a surprise. The RBI wants the banks to reduce rates following the two repo rate cuts of January and March 2015, but the banks are reluctant.
The shift from microcredit (i.e. giving loans) to microfinance (i.e. additionally incorporating t... more The shift from microcredit (i.e. giving loans) to microfinance (i.e. additionally incorporating the savings function, providing microinsurance, training, etc.) has improved the prospects of achieving the objectives such as setting up of livelihood enterprises, income generation, improving health and education, and getting out of the poverty trap. Anecdotal evidence and empirical studies have brought out the benefits and drawbacks of microfinance. The 2010 microfinance crisis in Andhra Pradesh has given rise to the need for a fresh look at the sector"s functioning. The present paper reviews the experience in different countries / regions in recent years and makes suggestions on the new dimensions that need to be analyzed to make the sector function more effectively.
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Papers by Lakshmipati Rao Viriyala