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	Need for Setting Up of a New Development Bank G. A. Tadas Abstract: The development finance institutions (DFIs) like IFCI, IDBI and ICICI formed post-Independence contributed significantly towards India's industrialization. However, with financial sector reforms since 1991, access to low cost funds for DFIs gradually stopped and the pioneering institutions like IDBI and ICICI had to transform themselves into commercial banks, while IFCI has been undergoing financial strain. Development banks world over, whether in developed or developing countries, were formed in response to failures of the markets to provide the financing necessary for entrepreneurial activity to boost new or existing companies More
	The Indian Manufacturing Sector, Finances and Growth Manmohan Agarwal, Rumi Azim & Neha Betai Abstract: The paper analyses the behavior of a sample of large cap, mid cap and small cap firm. It finds that the rate of return over equity declines for large cap and mid cap firms but not small cap firms. We find that gross fixed assets grew faster for mid cap firms. This implies that for most large cap and small cap companies there was no increase in their real capital stock. We then try to explain the increase in gross fixed assets. Sales are significant for the three groups of companies. Exports are significant for large and mid cap companies. The D/E ratio has a significant positive effect for large and mid cap companies but not for small cap companies. The rate of return influences investment by small cap companies but not the other groups. More
	The Case for a Global Healthcare Partnership Rajeev Kher & Arun S. Nair Abstract: The COVID-19 pandemic has exposed inadequacies and fault lines in the healthcare ecosystem and the related regulations across the world. Countries are engaged in firefighting to save lives and to make available the essentials needed to meet the local demand. The virus that caused the pandemic has, however, shown the irrelevance of national boundaries and has necessitated a new global approach to adequately address the issues that have arisen since the breakout of the disease. Given this background, this discussion paper builds a case for a 'human-centred global healthcare partnership' based on the 'right to health' and 'health equity'. More
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