Recent Submissions

  • Discovering the right MDR for India 

    Das, Ashish (2017-02-28)
    RBI has brought out a draft regulation on MDR, seeking public comments. While keeping the digital payment focus for the country, this report suggests tweaks in the approach being advocated by RBI.
  • Sanitising Distortions in Digital Payments 

    Das, Ashish; Das, Praggya (2016-11-28)
    The unprecedented measure by the Government of India to withdraw the legal tender character of high denomination currency will ship the country several notches ahead towards a less-cash more-digital economy, notwithstanding ...
  • A unified approach to choice experiments 

    Das, Ashish; Singh, Rakhi (2016-04-29)
    Choice experiments have practical significance from the industry point of view and are useful in marketing, transport, government planning, etc. Several author-groups have contributed to the theoretical development of ...
  • Promotion of Payments through Cards and Digital means 

    Das, Ashish (2016-04-25)
    Government of India, Ministry of Finance (Department of Economic Affairs) on February 29, 2016 came out with cabinet approved guidelines for the Promotion of Payments through Cards and Digital means. Alongside, the Reserve ...
  • Interest on Deposits – Moving Towards Computing Standards 

    Das, Ashish (2016-03-14)
    The Reserve Bank of India (RBI) on March 3, 2016 came out with master directions on ‘interest rate on deposits’. These directions over rule all the existing instructions on the subject and applies to all deposits accepted ...
  • Three-level A- and D-optimal paired choice designs 

    Chai, Feng-Shun; Das, Ashish; Singh, Rakhi (2016-02-29)
    In a paired choice experiment, several pairs of options are shown to respondents and the respondents are asked to give their preference among the two options for each of the choice pairs shown to them. Under the utility ...
  • Incentivising ATM-cash and cheques over electronic transactions - A policy gap 

    Das, Ashish (2016-01-27)
    The country is moving through a phase of dynamic changes in the payment system. This is primarily due to technology coming into play to revolutionise the payment space. Reserve Bank of India (RBI) and the government both ...
  • Optimal two-level choice designs for estimating main effects and specified two-factor interactions 

    Chai, Feng-Shun; Das, Ashish; Singh, Rakhi (2015-10-11)
    Over two decades, optimal choice designs have been obtained for estimating the main effects and the main plus two-factor interaction effects under both the multinomial logit model and the linear paired comparison model. ...
  • Optimal Paired Choice Block Designs 

    Singh, Rakhi; Das, Ashish; Chai, Feng-Shun (2015-09-16)
    Choice experiments mirror real world situations closely and helps manufacturers, policy-makers and other researchers in taking business decisions on their product characteristics based on its perceived utility. In a paired ...
  • On optimal two-level supersaturated designs 

    Singh, Rakhi; Das, Ashish (2015-02-04)
    A popular measure to assess two-level supersaturated designs is the $E(s^2)$ criteria. Recently, Jones and Majumdar (2014) introduced the $\mbox{{\it UE}}(s^2)$ criteria and obtained optimal designs under the criteria. ...
  • D- and MS-optimal 2-Level Choice Designs for $N\not\equiv 0$ (mod 4) 

    Singh, Rakhi; Chai, Feng-Shun; Das, Ashish (2014-11-22)
    Street and Burgess (2007) present a comprehensive exposition of designs for choice experiments till then. Our focus is on choice experiments with two-level factors and a main effects model. We consider designs for choice ...
  • Characterization and Optimal Designs for Choice Experiments 

    CHAI, FENG-SHUN; DAS, ASHISH; MANNA, SOUMEN (2014-11-21)
    Street and Burgess (2007) present a comprehensive exposition of designs for choice experiments till then. The choice design involves $n$ attributes (factors) with $i$-th attribute at $l_i$ level, and all choice sets are ...
  • A Myth called ‘Any Branch Banking’ - Service Charge Discrimination : Misrepresentation of Monetary Policy Regulatory Stance 

    Das, Ashish (2014-10-26)
    The term “Inter-sol charges” has been used frequently by banks and off late by Reserve Bank of India (RBI). The word ‘sol’ means branch. Thus intersol charges mean inter-branch charges. These are charges levied by banks ...
  • The Art of Living for ATMs in India 

    Das, Ashish (2014-09-17)
    To move away from cash, the payment system models should ideally incentivize use of debit card / pre-paid card / NEFT / IMPS and equivalents in day to day cashless payment transactions. The incentives for cashless use of ...
  • Banking Inclusion - A Leap Forward Clear Guidelines on Officially Valid Document 

    Das, Ashish (2014-07-22)
    To reach the changes to the ears of the people for whom it is meant, this note is to picture some of the very recent regulations in force to open a bank account (Savings Account / Fixed Deposit Account). The regulations ...
  • Banks Violating Prevention of Money-Laundering Act for Excluding the Excluded 

    DAS, ASHISH (2013-11-26)
    To facilitate banking for small clients, Reserve Bank of India (RBI), as early as 2005, introduced savings bank account not requiring maintenance of minimum balance in the account. For such accounts, the fee for non-maintenance ...
  • ‘Interest’ of Bank Depositors in Chaos 

    Das, Ashish (2013-07-02)
    For Savings Bank (SB) deposits and Term deposits, amounting to Rs 60 lakh crore, though interest is computed on a per annum basis, Reserve Bank of India (RBI) has allowed banks to pay such interests to depositors only at ...
  • Including the Poor- Need for Reforms in Remittances 

    DAS, ASHISH (2012-07-23)
    This paper looks into the reforms that the remittance system of the country needs in order to boost financial inclusion and bring in inclusive growth. Leveraging on an effective interoperable electronic remittance arrangement ...
  • Distributed optimisation method for multi-resource constrained scheduling in coal supply chains 

    THOMAS, ANU; SINGH, GAURAV; KRISHNAMOORTHY, MOHAN; VENKATESWARAN, JAYENDRAN (2012-02-10)
    We consider an integrated planning and scheduling problem motivated by the coal supply chains in Australia. The problem considers production planning of several independent mines. The mines need trains to complete delivery ...
  • A Rational Savings Bank Deposit Interest Rate in India 

    DAS, ASHISH (2011-10-21)
    Reserve Bank of India (RBI) through one of its discussion papers proposed to deregulate savings bank (SB) deposit interest rate to remove the skewed benefits that the bankers may be enjoying at the expense of the depositors. ...

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