This book on capital account convertibility in India-issues and challenges is quite informative and will prove to be a good reading for research scholars, teaching faculty members, students, FOREX dealers, treasury managers, investors - individual and institutional and others.
The book focuses on the need and issues related with CAC in India - flight of capital, inflation, etc., and also the impact of CAC on the economy.
Oil is probably the one of the most essential requirements in human life. Forty per cent of the world's total primary energy requirement is met by oil. It is becoming increasingly difficult to meet the ever-increasing demand for oil from the countries worldwide. There has been a substantial increase in prices of gasoline, natural gas and crude oil during the last six years. The rate of growth of crude oil price is almost 100% (2000 - 2006).There is a record increase in the prices of group petroleum products including heating oil, gasoline, and diesel, fuel and jet fuel due to the increase in the prices of the crude oil.
This has two impacts. Firstly, the mismatch between the demand and supply leads to an abrupt increase in international oil prices as well as greater oil price fluctuations. This has profound adverse impact, particularly on developing and highly indebted, poor, underdeveloped countries.
In this endeavor, the book in its first section captures some fundamental reasons and implications of the recent oil price increase. The second section of this book deals with some country experiences. The idea behind this endeavor is to understand the implications of the oil price increase. Countries that heavily depend on oil will face severe economic disruptions. The importance of alternative energy sources has also been highlighted.
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