Vol: 2, Issue: 1 2012

Page: 001-009

Public Relation & MNC's Corporate Social Responsibility: From A Developing Country's Perspective

P. Vishwanand

Financial sector reforms in India were initiated early in the reform cycle. Some complementary measure in other area including fiscal and external section should be adopted provided the crucial support to the financial sector reforms further. Simultaneously, more money market reforms are required regarding the various liquidity. With the changes taking place in the real sector of the economy, the financial system in India is also in a process of rapid transformation, more particularly after the introduction of reforms in the financial sector. The basic objective of the financial sector reform is to promote a diversified, efficientand competitive financial system. This will raise the allocative efficiency of available saving, increase the return on investment and promote the accelerated growth and development of the real sector in the economy.