Annual Report 2004–2005 NATIONAL COUNCIL OF APPLIED ECONOMIC RESEARCH Contents 2004-05 Contents The Institution The Governing Body 1 List of Members 2 Director-General's Report 5 Activities 2004-05 Publications 9 Research Programmes 15 Public Affairs 43 Finances 2004-05 Annual Accounts 2004-05 47 Appendix I: Activities of Senior Staff 67 Appendix II: Resources Staff Composition 77 Library 81 Computer Centre 83 July 2005 Published by Sunil K. Sinha Registrar & Secretary (Acting) National Council of Applied Economic Research Parisila Bhawan, 11 Indraprastha Estate, New Delhi 110 002 Tel.: (91-11) 23379861-3 Fax: (91-11) 23370164 Email: [email protected] Website: www.ncaer.org National Council of Applied Economic Research [i] Annual Report 2004-05 Abbreviations/Acronyms ABARE Australian Bureau of Agriculture and Resource Economics ACIAR Australian Centre of International Agricultural Research AIMA All-India Management Association AoA Agreement on Agriculture (WTO) APEDA Agricultural and Processed Food Export Development Authority ASSOCHAM Associated Chambers of Commerce and Industry ATC Agreement on Textiles and Clothing AWCs Anganwadi Centres CDPOs Child Development Project Officers CEC Comprehensive Economic Cooperation CERC Central Electricity Regulatory Commission CGE Computable General Equilibrium CICs Community Information Centres CIDA Canadian International Development Agency CPRC Chronic Poverty Research Centre CUTS Consumer Unity and Trust Society DCF Discounted Cash Flow DELs Direct Exchange Lines DEPB Duty Entitlement Pass Book Scheme DFID Department for International Development DTES Domestic Tourism Expenditure Survey DWCD Department of Women and Child Development EPS Electronic Payment System ERV Exchange Rate Variation FDI Foreign Direct Investment FTA Free Trade Agreement GATS General Agreement on Trade in Services GSTP Global System of Trade Preferences GTAP Global Trade Analysis Package HDFC Housing Development Finance Corporation Ltd. ICDS Integrated Child Development Services Scheme ICFAI Institute of Chartered and Financial Analysis of India IEG Institute of Economic Growth IES Indian Economic Service IHS The Institute of Health Systems IMF International Monetary Fund HSCs Health Sub-centres HSDO High Speed Diesel Oil [ii] National Council of Applied Economic Research Abbreviations/Acronyms 2004-05 ICT Information and Communication Technology IFPRI International Food Policy Research Institute INSA Indian National Science Academy IWT Inland Water Transport JICEC Japan-India Comprehensive Economic Cooperation KCC Kisan Credit Card MHW Male Health Workers LDO Light Diesel Oil LSHS Low Sulphur High Stock MFA Multi-fibre Arrangement MIMAP Micro Impact of Macro and Adjustment Policies MISH Market Information Survey of Households MLAPS Monthly Local Area Pass System NACO National AIDS Control Organisation NBER National Bureau of Economic Research NERO National Economic Research Organisation NHAI National Highways Authority of India NIC National Informatics Centre NISTAD National Institute of Science, Technology and Development Studies NOK Norwegian Kroner NORAD Norwegian Agency for Development Cooperation OECD Organisation for Economic Cooperation and Development PCA Principal Component Analysis PSEs Public Sector Enterprises QRs Quantitative Restrictions REDS Rural Economic and Demographic Survey RFP Request for Proposal SAM Social Accounting Matrix SANEI South Asia Network of Economic Research Institutes SEZs Special Economic Zones STD Subscriber Trunk Dialling TSA Tourism Satellite Account UNCTAD United Nations Conference on Trade and Development UNDP United Nations Development Programme UNFPA United Nations Fund for Population Activities USAID United States Agency for International Aid VPTs Village Public Telephones National Council of Applied Economic Research [iii] Annual Report 2004-05 [iv] National Council of Applied Economic Research The Institution 2004-05 The Institution The Governing Body* he Governing Body met twice during 2004–05: on August 4, 2004 and December 8, 2004. The General TBody met on August 4, 2004. President Bimal Jalan Vice-President M. S. Verma, Ex-Chairman, Telecom Regulatory Authority of India, New Delhi and State Bank of India Secretary Sunil K. Sinha (Acting) Members Shankar N. Acharya Honorary Professor and Member, Board of Governors, Indian Council for Research on International Economic Relations (ICRIER), New Delhi Isher Judge Ahluwalia Chairperson, Board of Trustees, International Food Policy Research Institute, Washington D.C. Mukesh D. Ambani Chairman, Reliance Industries Limited, Mumbai Suman Bery Director-General, NCAER, New Delhi (ex-officio) Surjit S. Bhalla Managing Director, O(x)us Investments Pvt. Ltd., New Delhi Tarun Das Chief Mentor, Confederation of Indian Industry (CII), New Delhi Yogesh C. Deveshwar Chairman, ITC Limited, Kolkata Ashok Jha Secretary, Economic Affairs, Ministry of Finance, Government of India (ex-officio) Ashok S. Ganguly Chairman, ICICI One Source Limited, Mumbai K.V. Kamath Managing Director and CEO, ICICI Bank Limited, Mumbai Naina Lal Kidwai Deputy Chief Executive Officer, Hongkong & Shanghai Banking Corporation Limited, Mumbai Anand G. Mahindra Managing Director & Vice-Chairman, Mahindra & Mahindra Limited, Mumbai R.A. Mashelkar Director-General, Council for Scientific and Industrial Research (CSIR), New Delhi Kiran Mazumdar-Shaw Chairperson & Managing Director, Biocon India Limited, Bangalore Rakesh Mohan Deputy-Governor, Reserve Bank of India Rohini Nayyar Senior Consultant (Rural Development), Planning Commission, New Delhi Deepak S. Parekh Chairman, Housing Development Finance Corporation (HDFC) Limited, Mumbai Rajendra S. Pawar Chairman, National Institute of Information Technology (NIIT), New Delhi *As on July 15, 2005. National Council of Applied Economic Research [1] Annual Report 2004-05 List of Members The list of members for the year 2004–05 (as on March 31, 2005) is as under: Founder Members Late Shri J.R.D. Tata Late Shri N.R. Pillai Late Shri C.D. Deshmukh Late Shri T.T. Krishnamachari Late Shri John Mathai Late Shri V.T. Krishnamachari Late Shri J.F. Sinclair Late Shri Ashoka Mehta Life Members Shri Subir Gupta Shri S.M. Wahi Shri D.N. Patodia Patron Members Bata India Limited DCL Polyesters Limited ICICI Bank State Bank of India Special Member New Zealand High Commission, New Delhi [2] National Council of Applied Economic Research The Institution 2004-05 Corporate Members 1. A.F. Ferguson & Company 24. Kabot India Ltd. 2. Asian Development Bank 25. Kirloskar Oil Engines Ltd. 3. Associated Chambers of Commerce 26. Kochi Refineries Ltd. and Industry 27. Life Insurance Corporation of India Ltd. 4. Bharat Petroleum Corporation Ltd. 28. Mahindra and Mahindra Ltd. 5. Bhartia Industries Ltd. 29. Milk Producers' Union Ltd. 6. Central Electricity Regulatory 30 Mineral and Metal Trading Corporation Commission of India Ltd. 7. Confederation of Indian Industry 31. National Dairy Development Board 8. Crompton Greaves Ltd. 32. National Mineral Development 9. Deepak Talwar and Associates Corporation Ltd. 10. E.I.D. Parry (India) Ltd. 33. Orient Paper and Industries Ltd. 11. Eicher Goodearth Ltd. 34. Pepsi Foods Pvt. Ltd. 12. The Export Credit Guarantee 35. PHD Chamber of Commerce and Industry Corporation of India Ltd. 36. Piaggio Vehicles Pvt. Ltd. 13. Federation of Indian Chambers of 37. Population Council for South and East Asia Commerce and Industry 38. Punjab National Bank 14. Godrej and Boyce Manufacturing 39. Punjab University Co. Ltd. 40. Sakthi Sugars Ltd. 15. Government of Meghalaya 41. Shell India Pvt Ltd. 16. Government of Tripura 42. Tata Consultancy Services 17. Hindalco Industries Ltd. 43. Tata Iron and Steel Company Ltd. 18. Hindustan Lever Ltd. 44. Tata Motors Ltd. 19. ICRA Ltd. 45. Tata Power Co. Ltd. 20. Indian Banks' Association 46. Telecom Regulatory Authority of India 21. Indicus Analytics 47. Uttar Pradesh Electricity Regulatory 22. Industrial Development Bank of India Commission 23. Insurance Regulatory and 48. V. Malik and Associates, Chartered Development Authority Accountants Ordinary Members 1. Dr. D.R. Agarwal 8. Mr. Rajan S. Talekar 2. Mr. M. Balasubramaniam 9. Mr. Suresh Talwar 3. Mr. R.T. Doshi 10. Mr. Narendra B. Vasi 4. Mr. K.C. Jain 11. Birla Institute of Technology and Science 5. Dr. A. Subbarama Naidu 12. EPW Research Foundation 6. Mr. Shantilal K. Somaiya 13. Sir Ratan Tata Library 7. Mr. Stya Paul National Council of Applied Economic Research [3] Annual Report 2004-05 Number of Members March 31, 2004 March 31, 2005 Corporate members paying Rs. 5000/- per annum 52 48 Ordinary members paying Rs. 500/- per annum 12 13 Patron members paying a one-time subscription of Rs. 1 lakh 4 4 Special members paying a one-time subscription of Rs. 1 lakh 1 1 Total 69 66 Total fees received Rs. 266, 000 Rs. 240, 000 [4] National Council of Applied Economic Research Director-General's Report 2004-05 Director-General's Report Introduction n the year under review, the National Council saw the fruits of various initiatives launched over the past few years. 2004–05 marked the beginning of my fifth year as IDirector-General; it also marked the completion of 48 years of the Council's existence. As I write, the Council is in its 49th year, and we are beginning to think ahead to the Golden Jubilee in 2006–07. In preparation for that event I am pleased to report that all outgoing members of our distinguished Governing Body have agreed to review their association with the Council for an additional three-year term. We also welcome