Diamond Jubilee International Conference on Frontiers of Infrastructure Finance ICFIF- 2011 December 28-30, 2011

Organized by Vinod Gupta School of Management & RCG School of Infrastructure Design and Management

Indian Institute of Technology Kharagpur India

ICFIF- 2011 DECEMBER 28-30, 2011

Vinod Gupta School of Management & RCG School of Infrastructure Design and Management

Indian Institute of Technology Kharagpur India

Contents
Welcome Committee Details Inaugural Session Program Schedule Valedictory Session

Preface
Sustainable economic growth is one of the principal objectives of the developing world. The major precondition for attaining this goal, however, is the availability of infrastructure in the economy, both in passable quantity and quality. Infrastructure is considered as the wheel, if not the engine of development. The deficiency of infrastructure will certainly hamper sustainable economic growth. In most of the developing countries including India, the status of infrastructure is low as compared to the need of the respective countries. While the demand for infrastructure is growing at a much faster rate, supply is more or less stagnant. This is mostly due to the rapid urbanization and globalization taking place across the world. The major hurdle for closing this demand and supply gap is the non-availability of finance for infrastructure creation. Despite the large number of projects that are either in progress or in the pipeline, India is continuously challenged to cope with an increasing demand for infrastructure services. The government has put together an ambitious plan to upgrade and expand infrastructure with special focus on urban infrastructure, particularly transportation, power, water, etc. Within this context the private sector is expected to provide the necessary investment through privatization and PPP schemes. The development of this sector is anticipated to stimulate economic growth, creat jobs, diversify economy and improve the quality of life in the country. The aim of this International Conference on Frontiers of Infrastructure Finance is to bring together different stakeholders from various parts of the world to a single platform to exchange views and share knowledge so as to build a road map for infrastructure creation and its management. The event is well attended with participation of delegates from various institutions/ organizations from India and abroad. They include Planners, Researchers, Corporate Analysts, Financial Analysts, Engineers, Economists, Statisticians, Mathematicians, Econometricians, Industrial Professionals and Consultants. This volume presents the abstract of the papers being presented in the International Conference on Infrastructure Finance, organized jointly by Vinod Gupta School of Management & RCG School of Infrastructure Design and Management, Indian Institute of Technology Kharagpur during December 28-30, 2011. The total number of abstracts included in this volume is 330 and has been arranged in alphabetical order. The major themes of this conference include transport infrastructure, energy infrastructure, communication infrastructure, social infrastructure, strategy for infrastructure finance, financial infrastructure, international finance, project management, infrastructure and its other link. We are very thankful to all the institutes/ organizations for their support in organizing this international conference. We are also grateful to faculty, staff and students of IIT Kharagpur for their valuable support, kind cooperation and varied assistance rendered in producing this volume. Prof. K. S. Reddy/ Rudra P. Pradhan Conference Convenors, ICFIF 2011 3

CONFERENCE COMMITTEE

CONFERENCE COMMITTEE PATRON Prof. Damodar Acharya Director, Indian Institute of Technology, Kharagpur PROGRAMME CHAIRS Prof. Arabinda Tripathy Dean, Vinod Gupta School of Management, IIT Kharagpur Prof. Uttam K. Banerjee RCG School of Infrastructure Design and Management, IIT Kharagpur PROGRAMME CO-CHAIRS Prof. Kalyan K. Guin Associate Dean, Vinod Gupta School of Management, IIT Kharagpur

CONFERENCE CONVENORS Prof. K. Sudhakar Reddy Department of Civil Engineering, IIT Kharagpur Dr. Rudra P. Pradhan Vinod Gupta School of Management, IIT Kharagpur 4

Welcome to ICFIF ICFIF 2011

On behalf of the organizers of ICFIF 2011, I welcome you in the Diamond Jubilee International Conference on Frontiers of Infrastructure Finance, jointly organized by Vinod Gupta School of Management & RCG School of Infrastructure Design and Management, Indian Institute of Technology Kharagpur. The conference aims at discussing the efficiency of infrastructure sector and its financing strategy, depending upon width, depth and diversity of Government, industry, corporate, and the financial institutions, financial markets and financial instruments. The conference promises to build an interaction between academicians, planners and practitioners including Corporate Analysts, Financial Analysts, Engineers, Economists, Statisticians, Mathematicians, Econometricians, Industrial Professionals and Consultants, by bringing them together to address the important issues in infrastructure creation and its financing. There have been various new developments in the economy to create infrastructure such as corporate participation, public private partnership, floating of municipal bonds, etc. In the same time, there are various pros and corns in the infrastructure creation and its financial obligation. The ICFIF 2011 intends to present the state-of-the-art results and recent advances in the areas of infrastructure finance with a view to highlight possible future infrastructure development in the economy. This conference provides an excellent opportunity to exchange ideas on any aspect of infrastructure and its financing and promote national/ international relationships. The conference topics include (but not limited to): Financial Infrastructure Project Finance International Finance Transport Infrastructure Energy Infrastructure Communication Infrastructure Social Infrastructure Strategy for Infrastructure Finance Infrastructure and its other link Prof. K. S. Reddy/ Rudra P. Pradhan Conference Convenors, ICFIF 2011 5

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011 December 28-30, 2011 PROGRAM SCHEDULE
Date: December 28, 2011 Registration: Time: 16.30- 18.30 Hrs Venue: Gargi Hall, Vikramshila Complex

Campus Visit/ Photo Session: 18.30-19.00 Hrs Venue: Vikramshila Foyer

Dinner: 19.00 21.30 Hrs Venue: Vikramshila Foyer

Registration: Date: December 29, 2011 Registration: Time: 8.30- 9.30 Hrs Venue: Gargi Hall, Vikramshila Complex Tea Break: 9.30- 9.45 Hrs

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Inauguration Session; Time: 10.15-12.00 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Introduction of the Programme Prof. K. S. Reddy/ Rudra P. Pradhan Convenors Welcome Address Prof. Arabinda Tripathy Dean, VGSOM Welcome Address Prof. Uttam K. Banerjee Head, RCGSIDM Address by Dean, Planning & Coordination Prof. Balbir K. Mathur Address by Director Prof. D. Acharya Director, IIT Kharagpur Address by Guest of Honour Mr. Chander Mohan Director, DST, GOI, New Delhi Address by Chief Guest Dr. Amit Kumar Mitra, Finance Minister, Government of West Bengal (Tentative) Honours Opening of Abstract Proceedings by Chief Guest Keynote Address by Guest of Honour Mr. H. R. Khan Deputy Governor, RBI, Mumbai Vote of Thanks Prof. Kalyan K. Guin Associate Dean, VGSOM Tea Break: 12.00- 12.15 Hrs

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011

Guest Lecture I
Time: 12.15 1.00 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Speaker: Professor G. Raghuram, Indian Institute of Management,

Ahmedabad Topic: To be announced Vote of Thanks: Prof. Arabinda Tripathy, Indian Institute of Technology Kharagpur, India

Lunch Break: 12.15 13.30 Hrs; Venue: Vikramshila Foyer Venue: Vikramshila Foyer

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I A Session Chairs: Prof. Flvio de So PEDRO FILHO, Foundation Federal University of Rondnia, Brazil Prof. Kalyan K. Guin, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) A Study of Social Networking Websites (SNWs) and Its Application in 211 Infrastructure Finance An Empirical Study: Forecasting Indian Infrastructure Planning through 357 Income Tax Revenue An Overview of Out of Pocket (OOP) Maternal Health Care Financing in India: 328 Evidences Based on NSS Balanced Score Card Approach in HDFC-A Study of Social Infrastructure 386 290 Financing in India Challenges of Marketing Infrastructure Related Financial Products CSR, Public Private Partnership and Infrastructure Services: An Indian 182 Perspective Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer Venue: Kalidas Auditorium, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I B Session Chairs: Prof. Yadollah Dadgar, Beheshty University, Iran Prof. Prithwis Mukerjee, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Equity Infrastructure Mutual Fund Schemes - In Search of a Proper 287 320 188 227 Benchmark Financial Exclusion, Poverty and Microfinance: A Case Study of Assam Financing Infrastructure- The Biggest Conundrum Housing Loan for Urban Poor: Need for New Bank Policies ICT Options for Development Communication: Case Study of Sarai Tareen334 347 A Bone and Horn Cluster Infrastructure and Financing: A Case of Arthasastra Venue: Gargi Hall, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 10

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I C Session Chairs: Prof. Atanu Ghoshray, University of Bath, UK Prof. Anand Teltumbde, Indian Institute of Technology Kharagpur, India Paper Code 284 390 Paper Title and Author (s) Infrastructure Development in India Infrastructure Finance Issues and Challenges Infrastructure Requirement for Promoting Rural Tourism in the State of West 278 298 189 217 155 Bengal: A Study on Kamarpukur IPR-A New Dimension of Agricultural Development in India Low Cost Roads Managing Municipal Water Supply in India Case Study of Delhi Health, Hygiene and Nutrition: An Awareness Assessment among Girls in Kumaun , Uttaranchal Venue: Maitri Hall, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I D Session Chairs: Prof. Buddhadeb Ghosh, Indian Statistical Institute Calcutta, India Prof. Uttam K. Banerjee, Indian Institute of Technology Kharagpur, India Paper Code 391 306 Paper Title and Author (s) Microfinance for Micro entrepreneurs: Boon or Bane Protection of Financial Innovations Relating to Infrastructure Projects Public Policy, Issues and Frontiers of Infrastructure: Brazilian Experience for 165 119 Sustainable Development and Economic Growth Public Private Partnership in Infrastructure as A Project Financial Model Role of Financial Inclusion in Limiting Entrepreneurial Failure in Transitional 317 259 397 countries Like India: A Diagnostic Approach Role of Financial Regulators in the Indian Financial Market ICT Based Financial Inclusion- Challenges and Recommendations Venue: V1, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 12

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I E Session Chairs: Mr. Chander Mohan, Director, DST, Government of India, New Delhi, India Prof. Nirjhar Dhang, Indian Institute of Technology Kharagpur, India Prof. K. Sudhakar Reddy, Indian Institute of Technology Kharagpur, India Paper Code 159 Paper Title and Author (s) Role of Infrastructure in Developing Countries: A Case Study of Assam Self Help Groups [SHGs] Bank Linkage Programme in Development of Socio314 Economic Status of Women Self Help Group- Bank Linkage Programme- A Comparative Study of the 232 169 268 273 Participatory Vis a Vis the Traditional Poverty Alleviation Approach SHG Bank Linkage Programme in India Achievements and Challenges Pro-Poor Housing Finance: Role of Microfinance for Housing in India Socio-economic Impact of Microfinance through Self-help Groups in Guntur Venue: V2, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 13

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: I Theme: Financial Infrastructure Session I F Session Chairs: Prof. H. K. Pradhan, XLRI Jamshedpur, India Prof. S. Sahney, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Tardy Progress in Financial Inclusion Plan is a major constraint of Financial 245 Development The Dynamics of Contesting Developmental Environment in Infrastructure Planning 312 134 348 in Asia The Impact of Oil Revenue on Good Governance in Iran Tidal Energy and Helical Turbine Unique Grade-to-Percentage Conversion [UGPC]: An Enhanced Knowledge 316 Infrastructure for Better Performance Evaluation A Study on Improvement of Health Status of Adolescent Girls Through Health and 148 Nutrition Education in Sub-Urban Area of Guwahati City, Assam Venue: V3, Vikramshila Complex Time: 14.00 Hrs 15.00 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II A Session Chairs: Prof. Jita Bhattacharya, University of Calcutta, Kolkata, India Prof. S. Srinivasan, Indian Institute of Technology Kharagpur, India Paper Code 368 Paper Title and Author (s) A Study on the Effectiveness of Financial Inclusion Models in India A Study on the Governance Practices of Major Microfinance Institutions (MFIs) in 143 India An Analysis of Evaluation Methods of Mergers and Acquisitions in India: A Case 212 385 Study of Select Companies Appraisal of Policy for Industrial Hazardous Waste Infrastructure Comparative performance Analysis of SHGs under NABARD and SGSY: A Study 387 in District of Paschim Medinpore in West Bengal Development of Women Entrepreneurship through Micro Finance and SHG Bank 141 Linkage Model With Special Reference to Uttar Pradesh Venue: Kalidas Auditorium, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 16.30- 16.45Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II B Session Chairs: Prof. Girijasankar Mallik , University of Western Sydney, Australia Prof. Sadhan K. De, Indian Institute of Technology Kharagpur, India Paper Code 100 Paper Title and Author (s) Does FDI Cause Economic Growth? Evidence from South-East Asia Easing Traffic in South-Central and South Kolkata- Examining the Economic 262 Feasibility of Developing a Ramp by a Grade Separated Access Economic Development through Climatic Change and Disaster Management: A 231 353 Pragmatic Approach for India Enriching Greens- Embedding Sustainability in Infrastructure Finance Environmental Impact of Thermal Power Stations (With Particular Reference to 185 216 282 India) Globalization: Is the Labor Market Falling Behind the Global Consumer Market Health Status and Economic Growth in India - An Empirical Investigation Venue: Gargi Hall, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II C Session Chairs: Prof. Manas Ranjan Das, State Bank Staff College, Hyderabad, India Prof. Siddhartha Chattopadhyay, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Impact of wind Power Generation, in Rastha Sub- Electric Station, Manur, 258 330 Tirunelveli District, Tamil Nadu and the Economic Implications Indian Economy a leap towards inclusive growth Infrastructure Development in Northeast States of India- Challenges for Public 184 Private Partnership (PPP) Procurement Route Infrastructure Development Policies in India: Legal & Regulatory Environment and 147 350 187 Opportunities Inter-Temporal Transition of Districts between 1991 and 2001: Prospect for 2011 Assessment Strategy for Solid Waste Management Venue: Maitri Hall, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 17

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II D Session Chairs: Prof. Debdas Rakshit, University of Calcutta, Kolkata, India Prof. L. Boeing Singh, Indian Institute of Technology Guwahati India Prof. Sutapa Das, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Livelihood Generation for Poor Women of Rajasthan through Cloth Bag 125 Manufacturing Management of Public Finance in Education: An Alternative Choice in a Fuzzy 215 340 246 257 308 Rule Based System Public Distribution System of India- Need gaps and Opportunities Spotting Public-Private Partnership: A Global Perspective Regulation of the Indian Power Sector: Today & Tomorrow Reopening of Stilwell Road: New Lease of Life for Northeast India The Interrelationship between Services Sub-Sectors Export, FDI Inflows and 197 Economic Growth in the Indian Context Venue: V1, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 18

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II E Session Chairs: Prof. Krishna Mital, School of Human Values & Management Ethos, New Delhi, India Prof. Susmita Mukhopadhyay, Indian Institute of Technology Kharagpur, India Paper Code 153 176 280 198 323 309 140 Paper Title and Author (s) Infrastructure Growth in GCC- A Comparative Study Role of Telecom Sector in Indian Economy Scaling Conflict as a Rider of Organizational Output Self help Groups in India SEZ: The Public Price of Success-An Analysis of Nokia Telecom SEZ Steps towards a Successful Resettlement and Rehabilitation Programme Structure of Economy during 1980-81 to 2009-10: Inter-State Variation in India Electricity Consumption and Economic Growth in India: Evidence from ARDL 240 Bound Testing Approach Venue: V2, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 19

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011 Parallel Session: II Theme: Strategy of Infrastructure Finance Session II F Session Chairs: Prof. A. K. Pradhan (IAS), KJ Somaiya Institute of Management Studies and Research, Mumbai, India Prof. Devlina Chatterjee, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Sustainable Development and Role of Education- A Case Study of Tetra Pak India 144 394 318 ltd Thermal Power Generation Perspectives in India for Coming two Decades till 2032 Transformation in Power Sector Infrastructure - The Indian Perspective Investment on Social Sector and Economic Development in North East India an 151 395 Development, Displacement and Rehabilitation: The Odisha Context 135 367 Industrial Infrastructure in Punjab Economic Empowerment of Tribal Women in West Bengal: A Study on the Impact of Microfinance Initiatives Analysis Venue: V3, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 20

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 29, 2011

Round Table I: Time 17.00 18.30 Hrs Theme:

Bond Markets in India with Special Reference to Infrastructure Finance

Venue: Kalidas Auditorium, Vikramshila Complex Convenor: Prof. H. K. Pradhan, XLRI Jamshedpur Panel Members:
Prof. Amitabh Kundu, Jawaharlal Nehru University, New Delhi, India Prof. Binay B. Chakrabarti, Indian Institute of Management, Calcutta, India Prof. Arabinda Tripathy, Indian Institute of Technology Kharagpur, India Prof. Uttam K. Banerjee, Indian Institute of Technology Kharagpur, India Prof. Yadollah Dadgar, Beheshty University, Iran Prof. Girijasankar Mallik, University of Western Sydney, Australia Prof. A. K. Pradhan (IAS), SIMSR, Mumbai, India Prof. Satpal Singh, National Institute of Urban Affairs, New Delhi, India Mr. Bhaskar Subramanian, PricewaterhouseCoopers Private Limited, India Prof. Vikas Srivastava, National Institute of Bank Management, Pune, India Mr. Rajiv Mandal, Concast Infratech, India

Cultural Programme
Time 18.45 20.00 Hrs Venue: Kalidas Auditorium, Vikramshila Complex

Grand Dinner
Time 20.00- 22.00 Hrs Venue: Kalidas Auditorium, Vikramshila Complex 21

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011

Venue: Vikramshila Foyer Inauguration Session Guest Lecture II

Time: 9.00 9.45 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Speaker: Prof. Amitabh Kundu, Jawaharlal Nehru University, New Delhi Topic: Financing Infrastructure Development for Changing Urban

Structure in India
Vote of Thanks: Prof. Arabinda Tripathy, Indian Institute of Technology Kharagpur, India

Tea Break: 9.45- 10.00Hrs Venue: Vikramshila Foyer

Guest Lecture III

Time: 10.00 10.45 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Speaker: Dr. Subrata Ghosh, Director, SREI Infrastructure Topic: To be announced Vote of Thanks: Prof. K. S. Reddy, Indian Institute of Technology Kharagpur, India Tea Break: 10.45 11.00 Hrs Venue: Vikramshila Foyer 22

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011

Venue: Vikramshila Foyer Inauguration Session Guest Lecture IV

Time: 11.00 11.45 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Speaker: Dr. Nagesh R. Iyer, Director, CSIR-SERC, Chennai Topic: To be announced Vote of Thanks: Prof. Uttam K. Banerjee, Indian Institute of Technology Kharagpur, India

Tea Break: 11.45- 12.00Hrs Venue: Vikramshila Foyer

Guest Lecture V
Time: 12.00 12.45 Hrs Venue: Kalidas Auditorium, Vikramshila Complex Speaker: Prof. Binay Bhushan Chakrabarti, IIM Calcutta, India Topic: To be announced Vote of Thanks: Prof. Kalyan K. Guin, Indian Institute of Technology Kharagpur, India Lunch Break: 12.45 13.45 Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III A Session Chairs: Mr. Bhaskar Subramanian, PricewaterhouseCoopers Private Limited, India Prof. Arun K. Misra, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Effect of Sovereign Debt Crisis and Financial Crisis on Stock Market Volatility of 260 Italy ALM (Asset Liability Management) Mismatches Arising out of Infrastructure 154 196 Lending- Strategies to Mitigate An Empirical Study on Dividend policy Models in Indian IT Sector Estimating the Determinants, Dynamics and Structural Breaks in the Real Exchange 181 200 Rate of Libya Contagion Effect in Infrastructure Companies IPOs Country Risk and Inflow of Foreign Investment into India - An Empirical 339 Investigation Venue: Kalidas Auditorium, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III B Session Chairs: Prof. Binay B. Chakrabarti, Indian Institute of Management, Calcutta, India Prof. Prabina Rajib, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Determinants of Islamic Banks Financial Stability: 230 370 Empirical Analysis A Conceptual Study on Islamic Banking v/s Conventional Banking Empirical Evidence of Efficient Market Hypothesis on the Indian Stock 210 161 324 396 279 Markets in the Context of the Global Financial Crisis Comparative Performance Analysis of Indian Banks using CAMEL Estimation of Dynamic VaR Reassessment of Finance Growth Nexus in the Presence of Structural Breaks Capital Structure of Real Estate Firms in Emerging Market: An Analysis A Cross Country Venue: Gargi Hall, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer 25

DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III C Session Chairs: Prof. Vidya Sekhri, Institute of Management Technology, Ghaziabad, India Prof. Chandra Sekhar Mishra, Indian Institute of Technology Kharagpur, India Paper Code 238 388 Paper Title and Author (s) Financial Inclusion through Microfinance Foreign Exchange Market & Inherent Risks Foreign Institutional Investor (FII) Destabilize the Indian Capital Market an 296 281 194 Empirical Analysis Global Financial Crisis, Credit Default Swap be Made Responsible Power Global Financial Meltdown and Its Impact on the Indian Economy Good Beta Bad Alpha and A Simple Way Out: An Empirical Study of Listed Stocks 199 on NSE A Comprehensive Study of Derivatives and Selection of Most Suitable Company 395 for Investment in Nifty Venue: Maitri Hall, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III D Session Chairs: Prof. Deepak Tandon, Lal Bahadur Shastri Institute of Management, New Delhi, India Prof. Vinodh Madhavan, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Impact of FIIS on Indian Banking Sectors [With Special Reference to ICICI and 120 190 102 163 170 321 396 HDFC] at India bulls Indias Outward Foreign Direct Investment: Closed Doors to Open Souk Infrastructure Growth Turning Wheels of Prosperity Managing Global Finance in Digital Economy MFIs Can Play a Noteworthy Role in Improving the Lives of Poor at the BOP Movement of Stock Market Indices: Revisiting Wave Theory FDI in South Asia- Prospect and Challenges Venue: V1, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III E Session Chairs: Prof. Mamta B. Chowdhury, Foundation Federal University of Rondnia, Brazil Prof. Parama Barai, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) What does IFRS mean for Indian infrastructure companies? Evidence from Power 375 242 393 Sector PSO Based Evolutionary Neuro-fuzzy Modelling for Stock Market Prediction Role of IT in Day-2-Day Transactions in Banking Sector : A study of Select Banks Success or Failure Story of Indian Commercial Banks in the Light of the Global 221 168 223 Financial Crisis The Impact of Inflation Uncertainty on Real Stock Returns in India Trade and Environment in India: A Computable General Equilibrium Analysis. Venue: V2, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: III Time: 14.00 Hrs 15.00 Hrs

Theme: International Finance on Infrastructure Session III F Session Chairs: Prof. Khorshed Chowdhury, University of Wollongong, Australia Prof. Vikas Srivastava, National Institute of Bank Management, Pune, India Prof. S. Srinivasan, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) Valuation Effect of Investment Expenditures on Selected Indian Listed Firms: A 234 Panel Data Analysis Valuation of Property is a Prominent Phase of Housing Finance -A Comparative 275 204 109 183 Study of Public and Private Banks in India Valuation Techniques for M & A in Telecommunication Industry Venture Capital: In the process of Catching Steam On the Dynamics of Crude Oil Prices Exchange Rate Forecasting Model- An Empirical Analysis of Artificial Neural 162 Network (ANN) vs Linear Regression Venue: V3, Vikramshila Complex

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV A Session Chairs: Prof. B Rajesh Kumar, Institute of Management Technology, UAE Prof. Barnali Nag, Indian Institute of Technology Kharagpur, India Paper Code Paper Title and Author (s) A Novel Strategic Way to Enhance Effectiveness and Technicality of Railway 206 Safety & Security Measures An Empirical Study to Assess Service Quality and Customer Satisfaction Level in 174 192 Tele-Communication Industry: Using SERVQUAL Model An Overview on Micro Finance & SHGs: Some Major Pitfalls Analysis of the Competitiveness of the Three International Airports in Kerala Using 292 Fuzzy Linguistic Approach Analyzing Consumers Perception about Performance of State Run Telecom 160 213 Operator-BSNL by Identifying Parameters of Churn and Retention Application of Public-Private-Partnership in Infrastructure Projects Venue: Kalidas Auditorium, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV B Session Chairs: Prof. Tapan. P. Bagchi, Narsee Monjee Institute of Management Studies, Mumbai, India Prof. Biplab Datta, Indian Institute of Technology Kharagpur, India Paper Code 255 Paper Title and Author (s) Assessment of Fundamental Value and Its Relationship with Market Price Building Social Capital through Agriculture Finance: A Case Study of Prathama 177 178 202 Bank Building Social Capital: The Importance of Entrepreneurial Social Infrastructure Degree of Global Competition in Steel Industry Deploying 118 Internet Services over a Broadcast Satellite Network and Venue: Gargi Hall, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

communication: Challenges & Opportunity in the Global Information Infrastructure Economic Analysis of Procurement and Utilization of Storage in Warehouses of

108

India under Public Distribution System of Rice

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV C Session Chairs: Prof. Satish Verma, Guru Nanak Dev University, Amritsar, India Prof. Kunal Ghosh, Indian Institute of Technology Kharagpur, India Paper Code 128 Paper Title and Author (s) Economic Regulation of Indian Airports Effectiveness of Knowledge Management and Human Resource Management in 297 Microfinance Sector to Increase Sustainability and Investment Opportunity Entropic Order Quantity (EnOQ) Repair and Waste Disposal Discounted Model 301 303 with Pre- and Post- Deterioration Financial Systems and Their Role in Development of Infrastructure Projects in India Investigating Seasonality Effect and Trading Strategy in Selected IT Companies in 376 India It 149 Applications Enhancing Supply Chain Management and Inventory Venue: Maitri Hall, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Management Productivity Improvement in SMEs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV D Session Chairs: Prof. Sudershan Kuntluru, Indian Institute of Management Kozhikode, India Prof. Ashutosh Sarkar, Indian Institute of Technology Kharagpur, India Paper Code 398 Paper Title and Author (s) Public Private Partnership (PPPs) in India- An Overview Measurement of Consumer Preference Level with Reference to Consumer 214 145 392 237 269 173 Behaviour: A Comparative Analysis of Banks in India Micro Finance A Road Ahead For Development PFI in Gujarat Ports: Success Factors and Bottlenecks Promoting Clean Energy in India: Renewable Energy Certificates & PAT Protection of Intellectual Property in Indian Small and Medium Sized Enterprises Kottayam Port and Container Terminal: A Commercial Viability Study A Study on Public Transportation System in Capital Complex, Arunachal Pradesh: 399 With special reference of JNNURM Venue: V1, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV E Session Chairs: Prof. Keshab Das, Gujarat Institute of Development Research, Ahmedabad, India Prof. Sujoy Bhattacharya, Indian Institute of Technology Kharagpur, India Paper Code 117 363 186 Paper Title and Author (s) Public Private Partnership (PPP): Use and Abuse Public Private Partnership (PPPs) in India- An Overview Public-Private Partnership (PPP) Model- A Study of Infrastructure Projects in India Public-Private Partnership Model as a Development Engine for Andhra Pradesh, 224 133 158 India Risk Rating of Infrastructure Projects by Indian banks : A Conceptual Frame Work Rural Empowerment through Self Help Groups (SHGs): A Study of West Bengal Venue: V2, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011 Parallel Session: IV Theme: Project Finance Session IV F Session Chairs: Prof. Abdus Samad, Utah Valley University, USA Prof. B. K. Sahu, Indian Institute of Foreign Trade, New Delhi, India Prof. Anand Teltumbde, Indian Institute of Technology Kharagpur, India Paper Code 228 286 Paper Title and Author (s) Social Performance of Microfinance Institutions - A study Telecom Growth Trajectory in India Tweaking a Drunken Horse to Dance- SHG-Bank linkage in SGSY w.r.t Khurda 205 112 397 356 District of Orissa Use of Fly Ash Reinforced with Jute Geo-textile as a Pavement Subgrade Risk Assessment in Infrastructure Finance Adoption of Technology in Microfinance Institutions- Issues and Challenges Venue: V3, Vikramshila Complex Time: 15.30 Hrs 16.30 Hrs

Tea Break: 15.00- 15.30Hrs Venue: Vikramshila Foyer

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011

Date: December 30, 2011

Round Table II: Time 17.00 18.30 Hrs Theme: P3 Model in Infrastructure Venue: Kalidas Auditorium, Vikramshila Complex Convenor: Murthy V. A. Bondada, UTEP, USA

Panel Members: Prof. Flvio de So PEDRO FILHO, Foundation Federal Uni. of Rondnia, Brazil Prof. B. K. Sengupta, Indian Institute of Technology Kharagpur, India Dr. Subrata Ghosh, Director, SREI Infrastructure, India Prof. K. K. Guin, Indian Institute of Technology Kharagpur, India Prof. K. S. Reddy, Indian Institute of Technology Kharagpur, India Prof. Joy Sen, Indian Institute of Technology Kharagpur, India Prof. Keshab Das, Gujarat Institute of Development Research, Ahmedabad, India Prof. Buddhadeb Ghosh, Indian Statistical Institute Calcutta, India Prof. Tapan P. Bagchi, Narsee Monjee Institute of Management Studies, Mumbai, India Prof. Atanu Ghoshray, University of Bath, UK Prof. Debasish Som, Feedback Infra, India

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DIAMOND JUBILEE INTERNATIONAL CONFERENCE ON INFRASTRUCTURE FINANCE ICFIF- 2011 Date: December 30, 2011 Closing Ceremony: Time 19.00 20.00 Hrs Venue: Kalidas Auditorium, Vikramshila Complex

Summary of the Programme Address by Dean, VGSOM Address by Head, RCGSIDM Address by Associate Dean, VGSOM Address by Dean, Planning & Coordination Address by Deputy Director Address by Chief Guest Vote of Thanks

Prof. K. S. Reddy/ Rudra P. Pradhan Prof. Arabinda Tripathy Prof. Uttam K. Banerjee Prof. Kalyan K. Guin Prof. Balbir K. Mathur Prof. Arun K. Majumdar

To be announced
Prof. Prithwis Mukerjee

Grand Dinner
Time 20.00- 22.00 Hrs Venue: Vikramshila Foyer

The End #### ****#### 37