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7/30/2019 Changes in the Family and the Elderly http://slidepdf.com/reader/full/changes-in-the-family-and-the-elderly 1/5 Changes in the Family and the Elderly Author(s): A. M. Shah Reviewed work(s): Source: Economic and Political Weekly, Vol. 34, No. 20 (May 15-21, 1999), pp. 1179-1182 Published by: Economic and Political Weekly Stable URL: http://www.jstor.org/stable/4407956 . Accessed: 28/03/2012 07:39 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected].  Economic and Political Weekly is collaborating with JSTOR to digitize, preserve and extend access to  Economic and Political Weekly. http://www.jstor.org

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Changes in the Family and the ElderlyAuthor(s): A. M. ShahReviewed work(s):Source: Economic and Political Weekly, Vol. 34, No. 20 (May 15-21, 1999), pp. 1179-1182Published by: Economic and Political WeeklyStable URL: http://www.jstor.org/stable/4407956 .

Accessed: 28/03/2012 07:39

Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of 

content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms

of scholarship. For more information about JSTOR, please contact [email protected].

 Economic and Political Weekly is collaborating with JSTOR to digitize, preserve and extend access to

 Economic and Political Weekly.

http://www.jstor.org

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PERSPECTIVE

C h a n g e s i n t h e F a m i l y a n d t h e E l d e r l y

A M Shah

Though household organisation in India is undergoing stresses and

strains, the future well-being of the multitudes of the elderly lies intheir remaining in the joint household. For this a process of

adjustment between the older and the younger generation needs to be

encouraged so that they arrive at a new understanding of their

mutual needs.

THEsubjectof changes n thefamilyandtheirmpact ntheelderly n modern ndiahasbeenreceivinga greatdeal of publicattention hese days. We find frequentdiscussionsof thissubject n newspapersandmagazines,on television andradio,

andon thepublicplatform.These discus-sions are most welcome because they*highlighthe importance f the subject.However, am afraid have to pointoutthat requentlyheyarehighlysimplisticandrepetitive. ocialscienceresearch nthesubjects alsoincreasing, utunfortu-

nately most of it lacks sufficientcon-

ceptual, methodologicaland analyticalrigourand is repetitive.Moreover,mostof it is confinedto a small section of

society, namely, hemiddleclass,retired

people in the organisedsectorin urbanareas.Thevastmajority f elderlypeoplelivingin ruralareasandthoseworkingntheunorganisedector n urbanareasare

neglected.We need todevelopaperspec-tivecoveringall sectionsof theelderly nthe country.

Ihave ustnow mentionedhenecessityfor conceptualrigour.The most funda-mentalconcept n this regard s 'family'itself. In popular language the word

'family' hasseveraldifferentmeanings,but scientificdiscoursedemandspreciseuse of words. thasnowbecomecommonin social sciences all over the world to

distinguishbetween 'household' and

'family'.Forexample, n Indiawe com-

monly indthatason'shouseholdmaybe

separaterom hatof hisparents', nd woor more brothersmay live in separatehouseholds, ut heyconsider hemselvesas belongingto a single family. In thissituationt wouldbe confusing o use theword 'family' for the household.It iscommon n populardiscourse o say thatthe ointfamily s disintegrating,utthisstatement an be highly misleadingbe-causea joint householdmay be dividedinto woormorehouseholds ut hesenew

households ehaveas members f asinglefamily.To understandhesituation f the

elderly tisabsolutely ssential ofindoutif anelderlyperson ives in a householdor not. It is not sufficient or him or herto be a memberof a family.

Thedistinction etween household' nd'family'is not a mattermerelyof wordsbut has a deeper.meaningnd substanceinIndian ociety.I havedescribed tcon-siderableength n my two books on the

family n India 1973, 1998)the situationin which married ons set up separatehouseholdsfrom that of their parents'.Thissituationsquite omplexandmarked

by play of emotions and sentiments.Adifferent kind of relationsdevelop be-tween parents' and sons' households

consequent ponseparation what havecalled inter-householdamily relations.

However, ordial heserelationsmightbe,theirquality s different rom that of re-lations in the integratedhousehold.Astimepassesandparents rowin old age,they become acutely sensitive to the

consequencesf householdeparation.hesonsmayremain ordial roma distance.

They mayeven providemoneyfor par-ents' maintenance.But that is not suffi-cient.HinduLawhasruled ince heancienttimes hat hemembers f the oint familyareentitled o receivemaintenancerom

joint family property.Financial upport

maythusbe available o old anddisabled

parentsand it may even be enforcedbylaw. However, aw cannotenforceresi-dencein ajointhousehold.What s most

distressing nddepressingo old parentsis their solation romajointhousehold.It is bearable o some extentas long asboth the parentsare alive, becausetheycan supportone another.But when oneof them passes away, isolation of the

remaining arent ecomeshighlycritical.In anystudyof theelderlywe have to

findout heir ivingarrangement.t s wellknownthatsincethe ancient imes some

elderlypeople inIndiaabandon heirhomes

and go to live in pilgrim centres such as

Varanasiand Mathura.Andinrecent times

some elderly people live in the homes for

the aged. However, the number of old

people living in such institutions is very

small. I have not yet seen any count ofsuch old people in pilgrim centres, but

their number cannot be large. As regardshomes for the aged, we know that there

are about 700 of them in the country asa whole, with approximately 28,000 aged

people living in them (figures provided by

HelpAge India,researchanddevelopmentdivision). It will readily be agreedthat the

number of aged people living in institu-

tions is only a drop in the ocean of aged

people in the country. The vast majorityof old people live in households.

Unfortunately, the Census of India does

not provide figures regardingthe varioustypes of households in which old peoplelive. For example, we do not know how

many old people live in single-memberhousehold, i e, an old man or woman

living alone; how many households are

composed of two old persons, most com-

monly, a husband-wife couple; how manyhouseholds are composed of one or both

of old parents and one or more young,unmarried hildren;howmanyhouseholds

arecomposed of one or bothof old parentsand one marriedson and his children;and

how many households are composed of

one or bothof old parentsand two ormoremarriedsons. I would suggest that insti-

tutions like He4pAge India should pres-surise the Census of Indiato provide these

figures.While we do not have directinformation

about the living arrangementof the aged,we should use whatever indirect informa-

tion we have to get at least anapproximateidea of the situation in the country. Con-

siderable research has by now accumu-

lated on the numerical and kinship com-

position of the Indian household since the

beginningof the 19th

century,ie, roughlysince the establishment of British rule.

I have discussed this research at lengthin my two books on the family in India

(1973, 1998). I shall only summarise this

discussion here.

Although the ancient ideal of the jointhousehold was prevalent throughoutIndian society - the ideal thatall the sons

after theirmarriageshould continue to live

together with their parents - it was basi-

cally a Sanskritic ideal, prescribed byHindu scriptures and practised mainly in

a small section of society composed of

Economic and Political Weekly May 15, 1999 1179

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uppercastes and classes. It was practisedto a lesser extent among the lower castes

and classes and tribal groups which con-

stituted the overwhelming majority of

Indian society. Consequently, taking the

society as awhole, the average household

was small andsimple ornuclear.Contraryto popularbelief, every Indiandid not live

in a largeand oint household.The average

size of the household remained betweenfour and five fromabout 1800 AD to about

1950 AD [see Table 1 and its discussion

in Shah 1998:65-67]. Most of the jointhouseholds were also small, composed of

one orboth of parentsandonly one married

son. The mainreasons were three:(1) Life

expectancy was low. If many membersof

the older generation died out before the

younger generation was married, there

were lower chances for joint households

to survive for long, if develop at all:

(2) Massive poverty meant lower level of

household assets and therefore lower ten-

dency to live in joint households. If therewas not much property, how can there be

much joint property to become an eco-

nomic base for joint household'?; and

(3) The lower level of Sanskritisation

among lower castes andclasses and tribal

groups meant a weak emphasis on jointhousehold among the masses.

The situation has changed in several

ways after 1951, i e, roughly after inde-

pendence. First of all, the average size of

the household has steadily increased since

the Census of 1951. It was as high as 5.55

in 1981[see

Table I and its discussion

in Shah 1998:65-67]. It declined only

slightly to 5.51 in 1991 [see Census of

India1991:186,TableA- ]. Inotherwords,the average Indian has been living in a

larger household now than before 1951.

This suggests larger numbers of jointhouseholds now than before.

Forthe first time in 1981 the Census of

India provided figures of households

belonging to different types of kinship

composition in the country. These figuresshow that 45.98 per cent of the total

households were joint and 54.02 per cent

nuclear [see Table 2 and its discussion inShah 1998:68-711. From these figures we

should notjump to the conclusion that the

joint household has been disintegrating.A proper interpretation of these figures

requires us to understandtwo facts. One,on an average a larger number of peoplelive in joint households than in nuclear

households. Thus, although joint house-

holds constituted 45.98 per cent, manymore people lived in them compared to

people living innuclear households. Two,

thereis whatsociologists call thedevelop-mental cycle of the household. To put it

roughly, there is a cycle of developmentfrom the nuclear to the joint householdand from the latter to the former. There-

fore, at any point of time there are bound

to be nuclear as well as joint households

in the society. Unfortunately, social sci-

entists have not yet worked out the normal

distribution of nuclear and joint house-

holds in the country. All the same, 45.98

per cent joint households in 1981 is nota low percentage at all.

The Census of 1981 has also provideddataabout the numberof marriedcouplesin a household [see Table 3 and its dis-

cussion inShah 1998:71-72]. Ofthehouse-holds containing one or more couples,23.05 per cent households contained two

or more couples. What is more important,however, is the fact thatabout 40 percent

of marriedcouples each lived with one or

more other couples. Moreover, of the

households containing onemarriedcoupleeach, a sizeable proportion would also

contain one or more widowed members,such as the married man's widowed fa-

ther,mother,brother,or sister. Inmy view,such households should beconsideredjointhouseholds. It would be a mistake to

consider them as nuclear, as is frequentlydone in the literature on the family. All

in all, this data on couples indicates a highlevel of joint household living.

Life expectancy has been increasing in

modern India, providing greater chances

than before for development of jointhouseholds, thuscontributing ignificantlyto their

largernumbers. Moreover, ac-

cording to a publication of the Census of

India[Sharmaand Xenos 1992:22-23] not

only has the proportionof the aged popu-lation (60 yearsandabove) increased fr-m

5.50 in 1951 to 6.42 in 1981,but the ratio

of the number of aged persons to the

number of children, called the index of

aging, has also increased from 13.7 for

every 100 children in 1961 to 16.2 in

198 1.Inotherwords, it is the older peoplerather han children who have contributed

to the increasing average size of the

household. Most of these old people must

be living in joint households, thus con-tributing to the increasing proportion of

joint households in the country.Economic development of the country

after 1947 has increasedthe possibility of

accumulating household assets, such as

substantial houses. furniture, utensils,

vehicles, etc, providing a bettereconomic

base than heiore for development of jointhouseholds.

Finally, sociological and social anthro-

pological studies all over India suggest a

wider spreadof Sanskritic values, includ-

ing that of emphasis on joint households,

among lower castes and classes and tribal

groups,ie, inthemajorityof Indiansociety.All evidence at our disposal thus points

to the conclusion that, as far as the living

arrangementfor the elderly is concerned,

many more of them are living in jointhouseholds with theirone or moremarriedsons or some other relatives today than

about 50 years ago. The only exception

to this unorthodox conclusion seems to bethewesternised, professional, middle classin urbancentres among whom the empha-sis on joint household life appears to be

declining. Unfortunately, we do not have

statistical evidence about households inthis section of society, but circumstantial

evidence seems to be unmistakable.

WhenIsaythatmanymoreof theelderly

people are now living injoint households

than before, I do not wish to suggest that

all elderly people now live injoint house-

holds. Indeed, many elderly people live

insingle-memberandhusband-wifehouse-

holds. We have to take into account what

sociologists call the developmental cycleof the household in understanding familylife, including the life of the elderly.

Accordingly, there are bound to be some

elderly people living in single-member or

husband-wife households at any time in

thesociety. We do not know whethertheir

proportion in the society as a whole has

increased ornot,but theirproportion eems

to have increased in the professional,middle class in urban areas. This is a

vulnerable section of the elderly. What

seems to haveaggravated

theirlivingconditions is the absence of strong

neighbourhood relationships in large,modern cities compared to prevalence of

suchrelationships n villages, smalltowns.

and even old sectors of large towns. These

eldcrly persons are isolated not only from

their kin but also from their neighbours.This makes their life doubly miserable.

When I say that moreelderly people live

in joint households now than about 50

years ago, I do not wish to suggest that

their quality of life in these households

is better now than before. It is necessary

to distinguish between the living arrange-ment of anelderly person in ajoint house-

hold and his or herqualityof life - assured

food, nutrition, medical care, company,etc - in this household, leading to an

overall satisfaction with it.Whiletheliving

arrangement s a visible thing and can be

easily observed and measured. satisfac-

tion with this arrangement is not easilyobservable. The latterdepends agreatdeal

on the nature of inter-personal relations

in the household which covers attitudes,emotions andsentiments. We do not have

deep andrigorousstudies of these relations.

1180 Economic and Political Weekly May 15, 1999

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In the absence of such studies we have to

depend on our personal and general ob-

servations and on insights derived from

a few micro-studies.

In popular discussions of the Indian

family there is a tendency to glorify the

past. The elderly people in particular end

to provide an idyllic picture of it. Fre-

quently it is assumed that oint households

were free from tensions and conflicts inthepast. Consequently there is a tendencyto paint a dismal and alarming picture of

the present, as if every thing is falling

apart.I think a more realistic appraisalof

bothpastandpresent s required.Tensions

and conflicts always exist in joint house-

holds in the past. They are not a recent

development. Only their natureandinten-

sity seem to have changed. Not only that.

people are also making serious attemptsto deal with them. It seems to me that a

process of adjustment has been going on

between the older and the younger gener-

ation in their family life in modern times,and we should try 1o understand this

process.A definite change has been taking place,

for example, in the attitude of the older

generation towards their marrieddaugh-ters. Traditionally, particularly in north

India, the parentsrefused not only to staybut even to accept food and water in their

marrieddaughter's home. Normally there

were very few occasions for parents to

visit their daughter's home. However, as

I have widely observed in Gujarat, if for

some reason theparents

had to visit their

daughter's iome, they would first go to

the home of one of her neighbours, rela-

tives or friends in the village or town,

place their baggage there, and take water,tea and food there. They would go to the

daughter's home afterwards. If for some

reason they had to go to their daughter'shome first, the daughterwould offer them

waterorteaborrowed from herneighbour.If they had to stay overnight, they would

stayanywhereelse but not nthedaughter'shome. Before commencing the return

journey they would give a substantial gift

to her and her children. The fundamentalidea guiding this behaviour was

'kanyadan'. The parents believed that a

daughterat her marriagewas given awayas gift to her husband and his family, and

therefore nothing could be received in

return rom her. In this ideology therewas

no scope for even a disabled or destitute

old father or mother to shift to live in the

daughter' home. however muchshemightwant to takecare of himnr heratthis stageof life.

All this is now changing, not only in

towns but even in many villages. Parents

are, of course, even now reluctantto shift

to live in theirdaughter'shome. But if the

worse comes to the worst, they do not

mind shifting. Nowadays we find many

daughters taking care of their old father

or mother.

Thedemographicsituation s alsochang-

ing, particularly in the upper and middle

classes. Since these classes have accepted

the small family norm - some have ac-cepted even one-child norm - there are

greaterchances now than before of emer-

gence of nuclear families of parents and

one daughter. These classes have also

developed a liberalattitude owardsdaugh-

ters,such thatthey are not overly unhappyfor not having a son. When the daughtermoves to her husband's home on mar-

riage, the parents are left alone. As long

as both of them are alive they supportone

another n old age. However, when one of

them passes away, the remaining parent,is forced to consider the question of shift-

ing to the daughter's home. Changes inHindu Law have also helped transmission

of parent's propertyto the daughterrather

than to the father's patri-kin, so that she

is not unduly burdened with expenses of

looking after the old and disabled parent.As regards sons, because of the small

family norm in the upper and middle

classes, usually the parentshave only one

or two sons. The new occupational struc-

ture usually forces each of these sons to

leave the parental home and settle in

another city in the country or abroad.

Sometimes all thesons, including even the

only son, are forced to move away from

the parental home. In this situation the

parents and sons work out a visiting ar-

rangement.However, thevisiting arrange-mentmaybecome infrequentor even break

down. The parentshave thento live alone.

As long as both of them are alive there

is not a serious problem. But when one

of them passes away, a crisis arises. The

sons and their wives may try their best to

accommodate the surviving parent, but

sometimes this does not work out to

everybody's satisfaction, and the parent

is left alone. I have already mentionedhow the life of such an elderly personbecomes miserable in modern large cities

withoutcongenialneighbourhoodrelation-

ships.In the traditional set up, if an old man

did not have a son to supporthim, he was

often welcomed by one of his brothersto

join him in his household. This is becom-

ing less and less frequent, particularlyin

cities, partly because of the small familynorm - frequently there are no brothers

- andpartlybecause of theshrinkingrangeofjoint family ties. Inthecase of a woman

without a son, usually she was welcomed

to rejoin one of her brothers.Nowadays,however, either she has no brotheror, if

she has one, her return to his home is.

becoming less and less frequent. If-a

daughter-in-a-law is reluctantto take dare

of her parents-in-law, how does one ex-

pect her to take care of her sister-in-law?

Theincreasingageatmarriagehasplayed

a major role in aggravating tensions injoint households. In the case of child

marriage the daugher used to begin her

adjustment in the conjugal home at an

early age when herhabits, tastes and ideas

were still in the formative stage, and

therefore her eventual integration in the

joint household was relatively easier.

Nowadays, however, she enters her con-

jugal home when her adult personality is

almost all set. She may also bringwith her

strong ideas of individualism. Conse-

quently, her adjustment with her parents-in-law becomes difficult.

Nevertheless, it isnecessary torecognisethat the attitudes of the older generationtowards the younger generation are also

changing. It is particularlynoticeable that

the older generation is much less authori-

tariannow than before. Graduallya spiritof accommodation and adjustment with

the younger generation is spreadingin the

older generation.An important aspect of parent-child

relationship ntheurbanprofessional class

is that usually parents make heavy emo-

tional andmniterialnvestment in bringingupchildren,particularly ons.Manymiddle

class parentssacrifice a lot for the child's

career. This investment begins with put-

ting the child in a nurseryschool andgoeson increasing till the child gets settled in

his or herprofession, say, thatof a doctor,

engineer, technologist, business--execu-

tive, charteredaccountant,or governmentofficer. Most sons anddaughtersrecipro-cate positively towardsparentsanddrepaythe investment, as it were, in laterphases

of life.

The most critical test of this relationshipcomes when parents become old and

disabled. As mentioned earlier, the prob-lem is not acute as long as boththeparentsare alive. But it becomes acute when on

of them passes away, and the other is

struck by some serious ailment requiringconstant nursing. In this situation, while

the son's willingness to look after the

parentis usually not in doubt, the daugh-ter-in-law's willingness to co-operate is

questionable.Mostdaughters-in-lawwilly-

nilly come round. One thought plays a

sobering role with them: "If I do not take

care of my parents-in-law, my brother's

wife 'A4tldo the same to my parents."

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I have described above various situa-

tions in which elderly persons in upperand middle classes in urban areas are left

alone - not so much the old couples but

widowed, divorced, and never married

single elderly persons, as mentioned ear-

lier. The increasing numbers of such eld-

erly persons are a challenge to modem

India,requiringall of us to place our heads

together to find solutions. It seems to methere is no one sure solution. Different

strategies need to be adopted in different

situations. The ideal solution is to relocate

the old persons in a suitable household.

The government may offer a tax incentive

or a grant to a household accepting him

or her. However, care should be taken to

see that such an incentive is not misused

or abused.

Is the home for the aged a good solu-

tion? We have to recognise in this regardthe differences between such homes set

up by castes and religious groups on the

one hand and by the government on theother. Some castes and sects have set uphomes for their aged in pilgrim centres,thus giving a new form to the ancient idea

of old persons spending the rest of their

life in pilgrim centres. The communityinstitutions seem to provide a more con-

genial environment than the governmentinstitutions. We may recall that our coun-

try does not have a very good record of

running government institutions, apartfrom the fact thatthegovernment does not

have sufficient money forsettingthemup.In any case, the homes for the aged do not

offer a solution to the problem of the

multitudes of aged people in the country.Old age pensions provided by the

government are frequently cited as a

solution to the problem of the elderly.

Similarly, arguments are made in favour

of legislation to force the members of the

elderly person's family to pay mainten-

ance expenses to the elderly. Surely,

monetary help is helpful. But it would be

a grave mistake to view the problems of

theelderly inpurelymonetaryterms. Even

if an elderly person has sufficient money

but is abandoned by the family and hasto live an isolated existence, particularlyin inhuman urbanneighbourhoods, his or

her life is likely to be miserable.

It is hardly necessary to emphasise that

the futurewell-being of the multitudes of

the elderly in India lies in their remainingin the joint household. One may call it

joint family if one likes, but it must be

clearly understood to mean joint house-

hold. This household organisation is

obviously undergoing stresses and strains

in modern times. However, I have strong

impression that it is also undergoing a

process of adjustment so that it can sur-

vive. This process of adjustment should

be encouraged by education and well

informed public debate and discussion.

Both theolder and the younger generationneed to arrive at a new understanding,for

which both need a new socialisation. This

is a matter of society andculture, of ideas

andattitudes, not of law and force. While

individual freedom should be valued,individualism as a cult does not seem to

have a place in the ideas and aspirationsof the vast majority of people in Indian

society. Mindless, uncontrolled, rabid

individualism which is often spreadby the

media in the younger generation these

days is not likely to be conducive to the

well-being of the elderly and the creation

of a healthy society.

[This is a revised version of the script of mylecture arranged by HelpAge India at IndiaInternationalCentre, New Delhi on December

16, 1998. I thankM N Srinivas,Aneeta Minochaand Tulsi Patel for comments on the

script.]

References

Censusof India 198la): SeriesI (India),Part V-A-viii (social and culture tables), RegistrarGeneral and Census Commissioner, Delhi.

- (1981b):Series I (India),PartVIII-AandB(ii)(household tables), RegistrarGeneral andCensus Commissioner, Delhi.

- (1991): Series I (India), Part II-A-i (generalpopulation tables), Registrar General and

CensusCommissioner,

Delhi.

Chakravorty,CandA KSingh(1991):Household

Structures in India, Census of India,Occasional Paper I, RegistrarGeneral andCensus Commissioner, Delhi.

Shah, A M (1973): The Household Dimension

of the Family in India: A Field Studyin a

GujaratVillageanda ReviewofOtherStudies,Orient Longman, Delhi; University ofCaliforniaPress, Berkeley, 1974.

- (1998): The Family in India: Critical Essays,Orient Longman, Delhi.

Sharma,S P and Peter Xenos (1992): Ageing inIndia: Demographic Background and

Analysis Based on CensusMaterials,Censusof India,1991,OccasionalPaper2, RegistrarGeneral and Census

Commissioner,Delhi.

MONEY, BANKING AND FINANCE

January 16-23, 1999

FinancialProgrammingand StabilisationPolicy Options for

Macro-EconomicAdjustment M J ManoharRao

InflationTargeting:Issues and Relevance for India R Kannan

Experience with MonetaryTargeting in India Deepak Mohanty,A K Mitra

On Interest Rate Policies Romar Correa

Does Money Supply Process in India Follow

a Mixed Portfolio - Loan Demand Model? Deba Prasad Rath

Modelling the Implicit T-Bill Yield: Abhay Pethe,

Some PreliminatyResults Chiragra Chakrabarty

Capital Adequacy Ratios: An Agnostic Viewpoint D M Nachane

NPA Variations Across Indian Commercial Banks Indira Rajaraman,Sumon Bhaumik, Namita Bhatia

Rural Bank Branches and Financial Reform Renu Kohli

Rural Credit Delivery: Performanceand Challengesbefore Banks V Puhazhendhi, B Jayaraman

InstitutionalChange in India's Capital Markets Ajay ShahMarketIntegration,PriceEfficiency and Short-RunDynamics:

A Tale of Two National Stock Markets Raghbendra Jha,

Hari K Nagarajan

Life Insurancein India: Emerging Issues Ajit Ranade, Rajeev Ahuja

Risks of Capital Account Convertibility R H Patil

For Copies write to

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1182 Economic and Political Weekly May 15, 1999