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Date Submitted: 12/09/2012 10:03 PM
Second Generation Reforms
Presented by –
Abhishek Puri 207/12
Shrey 227/12
Ankit Saxena 235/12
Ratika Sood 239/12
Prachi Singhai 268/12
Flow Of Presentation
Objective
Introduction
Need For Second Generation Reforms
Financial Reforms
Corporate Social Responsibility.
Corporate Governance Reforms
Whistleblower Act
Case Study
Objective
To study the Second Generation Reforms
and understand the reforms with the help of
few case studies.
Second Generation Reforms ?
The term `second generation reform' was coined by the
IMF to insulate developing countries from
marginalisation in the wake of globalisation
.
In the context of Indian Economy the concept deals
with the Financial , Social ,Economic and Technological
reforms to promote stability and generate growth
impulses for the real economy.
Second Generation Reforms must be based on the longterm vision of transforming India into a global economic
power in the next twenty to twenty-five years.
Source -http://www.thehindubusinessline.in/2000/02/28/stories/122820pr.htm
Need of Second Generation
Reforms
After completing one and a half decades, we
can say that the ‘first generation reforms
were “crisis-driven.”
An appraisal of the achievements and
shortcomings of the reforms necessitated
the
need
to
reform
the
reform
process undertaken during the nineties.
The need for a changing growth strategy paved
the way for ‘second generation reforms based
on the motto of the attainment of “growth with
social justice.”
Need for Government of India and
States
European countries suffer from massive
debt burdens and downgrading of their
sovereign debts, India too suffers from a
similar malaise of high government debt.
Bear Sterns and Lehman Brothers went
from strong financial institutions to
bankruptcy in a matter of weeks.
Greece went from being solvent to
insolvency in a short period of six
months.
...