Index 239
Provident fund, 105
PSE. See Public sector entities
PSU. See Public sector unit
PTC. See Pass through certificate
Public policy, 204
Public savings rate, 25
Public sector entities (PSE), 95
Public sector unit (PSU) banks, 95, 174, 176
bonds, 97
privatization of, 178
Q
Qualified Institutional Buyers (QIBs), 207
Quantum mutual fund, 187
R
Raghunathan, V., 102n
Raghuram Rajan committee, 194
Rajan, R., 40n5, 195n
RBI. See Reserve Bank of India
Ready Reckoner rates, 136
Real effective exchange rate (REER), 162,
162f, 163
Real estate
accuracy of prices, 135, 136
needs of financial sector, 140–142
price trends in, 133–135
property development, 136–138
Real Estate Investment Trusts (REITs), 147
Real estate market
financial, 140–142
infrastructure, 144–146
investors in, 146–148
malls, 144
residential, 138
sensitive issue of corruption, 149–151
SEZs, 139, 140
slum redevelopment, 142–144
title and transparency in, 148, 149
Real estate transparency index, 149
REER. See Real effective exchange rate
Regional rural banks (RRBs), 173
Regulation
of corporate bonds, 109, 110
derivatives markets, 130
of institutional investors, 195
and market access, 93
of nonfinancial firms, 43, 44
spot market, 129, 130
Regulatory agency, 197, 201
REITs. See Real Estate Investment Trusts
Repo rate, 82
Reserve Bank of India (RBI), 82, 159, 168,
195–196, 201
and SEBI, difference between, 202t
transactions of, 156f
Residential property values, 138
Resilience, of liquidity, 65
Resilient financial market, 65
Reverse repo rate, 82
R.H. Patil committee, 194
Risk management, 179–180
of exchanges, 205
SEBI’s role in, 205
Round market, 64n
RRBs. See Regional rural banks
Rupee
forward market, 155–156
spot market, 153–155
Rupee-dollar forward market, 155
Rupee-dollar rate, 157
characteristics of, 161t
S
Sales
gross, 34, 34n2
of motor vehicle, 20t
SARFAESI. See Securitization and Reconstruction
of Financial Assets and Enforcement of
Interest Act
Sarkar, S., 174n
Sarva Shiksha Ahiyan (SSA), 26
SAT. See Securities Appellate Tribunal
Savings rate
corporate, 25
domestic, 25
gross, 25
in households, 8
increase of, 9
public, 25
SBI. See State Bank of India
Scale economy, 198, 205
Schmukler, S., 187n12
Scope economy, 198
SEBI. See Securities and Exchange Board of India
Securities, 21
issuance, 207
lending mechanism, 208
transactions tax, 199, 215
Securities and Exchange Board of India (SEBI), 44,
53, 131, 141, 167, 168, 185, 189, 196, 197
dedicated three-member bench, 211
enforcement actions, 210, 211
in permitting derivatives trading, 206
policy issues at, agenda for, 201
and RBI, difference between, 202t
for regulation of PE, 50
role in risk management, 205
staff training at, 211
transparency and information disclosure,
209, 210
Securities Appellate Tribunal (SAT), 210
Securities firms, 70
activities of, 169
tariff charged by NSDL to, 173t
Securities general ledger (SGL), 90
Securities markets, 11, 42
Securitization, 99, 109, 194
Securitization and Reconstruction of Financial
Assets and Enforcement of Security Interest
(SARFAESI) Act, 110

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