Role of Media on Society

JANUARY 2012

EDITORIAL COMMITTEE
Janak Raj
A. B. Chakrabarty
Brajamohan Misra
Gautam Chatterjee
S. V S. Dixit
.
EDITOR
Mohua Roy
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Contents
Contents
Twelfth L. K. Jha Memorial Lecture
Welcome Remarks
by Duvvuri Subbarao

1

realise financial Flows, Global Imbalances, and Crises
by Maurice Obstfeld

5

Speeches
Challenges to the Accounting Profession: many Re?ections
by Duvvuri Subbarao

15

Microenterprise Development: Path to Creating
MNCs of Tomorrow
by K. C. Chakrabarty

21

ten-spot Commandments for a Successful Banking Career
by K. C. Chakrabarty

27

Empowering MSMEs for Financial Inclusion and
emergence Issues and Strategies
by K. C.



Chakrabarty

33

An Assessment of Recent Macroeconomic Developments
by Subir Gokarn

41

nourishment In?ation: This Time its Different
by Subir Gokarn

47

Legislative Reforms alter Banking Sector
by Anand Sinha

59

Financial Reporting in the context of Financial Stability:
A Regulators View on Some Accounting Issues
by Anand Sinha

67

Short-Term Co-operative Credit construction and
Financial Inclusion
by V. K. Sharma

73

Economic and Financial Developments in
Andaman and Nicobar Islands
by Deepak Mohanty

77

Contents
Contents
Articles
outside(a) Banking Statistics of India:
March and June 2011
Performance of Private Corporate Business Sector
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