The evolution of the financial system, as the pivotal hub of every economy is vital for economic development. India’s reform agenda during the past two decades probably delivered as many puzzles as thrilling miracles. A theoretical model has been designed in the process of exploring the nexus between financial development and economic growth. Does the myriad composition of India’s financial system critically determine the growth trajectory? Is this growth configuration sustainable? These are the questions this paper addresses. This study not only intends to explore the relationship but also examines the direction of causality between the focus variables for the period concerned. It comes to a close by resolving the fusillade of questions that motivated this topic.

Traditional accounting performance measures, such as NI, RI, and OI have long been used by shareholders to evaluate companies’ financial performance. However, in recent years much more importance is given on modern value-based performance measure, Economic Value Added (EVA), to evaluate companies’ strategies. This study has analysed financial performance of the eleven NSE listed automobile companies over the year 2001-2014. The relative explanatory power of EVA model has been examined with respect to stock returns as compared with traditional profitability measures (namely, net income, operating income and residual income) among the NSE listed automobile companies during the period 2001-2014. In addition the explanatory power of EVA and traditional profitability measures in explaining the stock returns with the help of relative and incremental information approaches has also been compared in this paper

Whether the problem of debt overhang really threatens sustainable economic development or not is a controversial issue between scholars since inception of debt crisis in1980’s. This paper examines whether debt overhang, affect the economic growth of the ten selected heavily indebted poor countries (HIPC) of the world during the period of 1980-2014. Panel regression technique has been applied to examine the impact of external debt on investment as well as the impact of external debt, debt service and debt relief on GDP growth. Granger causality test has also been conducted on external debt and investment as well as between external debt and growth. The result reveals that there is a negative impact of debt overhang on economic growth through a negative implication on investment.

In this paper, an attempt has been made to measure the efficiency of select scheduled banks in Bangladesh during the period 2000 to 2013 through input-oriented Data Envelopment Analysis (DEA) approach. Secondary sources of data on banking statistics, viz. advances, number of bank branches, borrowed capital are collected from the annual reports of nineteen select scheduled banks in Bangladesh during the study period. DEAP computer program (version 2.1) has been used for data analysis. It can be concluded that foreign commercial banks and some private commercial banks have done well in respect of technical efficiency performance than the state-owned commercial banks over the study period in Bangladesh