Finance and Economic Development: Policy Analysis and Impact

Access to finance is a major issue as more than 77 percent of poor people do not have access to financial products and services, such as bank accounts, affordable and suitable loans, insurance and this is a major hurdle for the-economic development in India but in this regard Government take a welcome step in the form of Pradhan Mantri Jan DhanYojna. There is also a need to bring financial literacy among the citizen so that they will able to choose the better investment avenues.The advancement of technology has provided easy money transfer but as far as net banking is concerned there are password security and hacking problems which act as obstacle in use for technology. Finance and financial planning both are very important for the economic deve-lopment of any country. The public and private sector stakeholders are trying to tackle core constraints and are seeking to identify innovative ways to meet the financial needs of the millions of poor and financially excluded people. This book is an attempt to highlight these various issues and bring financial literacy among the citizens. It contains nineteen chapters on contemporary issues in finance and economic development like NPA’s, Impact of FDI, Financial scams, Financial inclusion and Financial literacy, Financial globalization, Challenges of IT in banking industry, Role of behavioral finance in modern age, Financial appraisal of state co-operative bank of HP, NITI Aayog, Factors affecting the FDI and trend analysis, Sub Prime Crises, Corporate Governance, Integrated reporting, Infrastructural financing and E- Governance.