...Descriptive Topics for IBPS PO 2012 The best way to inspire and involve the Indian youth in making India an upcoming economic power is for all political parties to engage themselves in politics of development. In your well-considered opinion what measures should be adopted to achieve the goal. Needless to reiterate and reaffirm that India needs politics of development rather than the politics of polemics and populism. More than ever before, both people and political parties should see to it that they work for harmony and not for acrimony among people professing different faiths and practising varied ways of conduct and character in their day to day lives. No other concern and consideration should weigh on the perceptions and priorities of politicians, programmers and planners, except those that enhance developmental activities in all walks of life and ultimately help improve quality of life of those subsisting at the lowest levels of our socio-economic ladder. It is time now that political parties of every hue and hype focused their manifestos, programmes and policies on developmental vision and pragmatic approach and action to achieve the goals of social justice. There is no denying that the most effective measure in this direction is the involvement of youth in developmental activities and a harmonious harnessing of their youthful energies and enthusiasm. For this to happen on the ground, we, as an upcoming nation, need to orient ourselves towards development, whether on farms...
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...INTRODUCTION Country risk refers to the risk of investing or lending in a country, arising from possible changes in the business environment that may adversely affect operating profits or the value of assets in the country. For example, financial factors such as currency controls, devaluation or regulatory changes, or stability factors such as mass riots, civil war and other potential events contribute to companies' operational risks. This term is also sometimes referred to as political risk; however, country risk is a more general term that generally refers only to risks affecting all companies operating within or involved with a particular country. Many investors choose to place a portion of their portfolios in foreign securities. This decision involves an analysis of various mutual funds, exchange traded funds (ETFs), or stock and bond offerings. However, investors often neglect an important first step in the process of international investing. When done properly, the decision to invest overseas begins with determining the riskiness of the investment climate in the country under consideration. Country risk refers to the economic, political and business risks that are unique to a specific country, and that might result in unexpected investment losses. This country risk analysis is a fundamental step in building and monitoring an international portfolio. Investors that use the many excellent information sources available to evaluate country risk will be better prepared...
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...Pages 9 Organizational Dynamics (2011) xxx, xxx—xxx a v a i l a b l e a t w w w. s c i e n c e d i r e c t . c o m journal homepage: www.elsevier.com/locate/orgdyn Emerging HR management trends in India and the way forward Pawan S. Budhwar, Arup Varma INTRODUCTION Over the last decade or so, India has emerged as a major player on the global economic front. To a great extent, India’s enhanced global economic importance is due to the economic reforms that were initiated in 1991. The reforms have been instrumental in creating tremendous opportunities for businesses, in particular for foreign operators. Bodies like the World Bank predict that if India can sustain its economic growth over the next decade, then it is likely to become one of the leading economies of the world. Needless to say, there are many issues that still need urgent attention — among these, development of infrastructure, control over corruption and bureaucratic red tape, opening-up of key sectors for foreign investments, political and legal reforms, enhancing employable skills in new graduates, control over increasing poverty, internal and external security, and divestments in the public sector, etc. In addition, issues related to the management of human resources have become crucial for India’s sustained economic growth. The liberalization of economic policies calls for a switch from labor intensive to more capital-intensive methods of production, and thus requires organizations to remove surplus labor...
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...Multi-dimensional Process • Three Core Values of Development — Development, Freedom and Opportunities — Human Development • Sustainable Human Development • What Makes Development Unsustainable? • Policy for Sustainable Development — Human Development Index — Progress and Setbacks in Human Development • Advances in Human Development—A Global Snapshot • The Limits to Human Development `• The End of Convergence? • India—A Globalization Success Story with a Mixed Record on Human Development — National Human Development Report - 2001 • Indicators — State of Human Development in India • State Level 2. The Environment and Development. 46 — Introduction — The Basic Issues • Sustainable Development and Environmental Accounting • Population, Resources, and the Environment • Poverty and Environment • Growth versus the Environment • Rural Development and the Environment • Urban Development and the Environment • The Global Environment — Consequences of Environmental Damage — The Indian Case • Consequences of Environmental Plunder — Public Policy SECTION - II Indian Economy at Independence 3. India's Economy at Independence. 57 — Introduction — The Relative Importance of Various Industrial Activities • Composition of National Income — The Working Force — The Agrarian Scene ...
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...HIGHER EDUCATION IN INDIA: ISSUES, CONCERNS AND NEW DIRECTIONS UNIVERSITY GRANTS COMMISSION NEW DELHI December 2003 HIGHER EDUCATION IN INDIA ISSUES, CONCERNS AND NEW DIRECTIONS RECOMMENDATIONS OF UGC GOLDEN JUBILEE SEMINARS- 2003 HELD AT ELEVEN UNIVERSITIES IN INDIA UNIVERSITY GRANTS COMMISSION, NEW DELHI December 2003 (i) © 2003, The University Grants Commission Editorial Committee (Names of members, preferably in alphabetical order to be given) Printed and published by the Secretary, UGC For the University Grants Commission, Bahadur Shah Zafar Marg, New Delhi 110 002, India; Printed at……………………… (ii) Foreword The higher education system in India has grown in a remarkable way, particularly in the post-independence period, to become one of the largest system of its kind in the world. However, the system has many issues of concern at present, like financing and management including access, equity and relevance, reorientation of programmes by laying emphasis on health consciousness, values and ethics and quality of higher education together with the assessment of institutions and their accreditation. These issues are important for the country, as it is now engaged in the use of higher education as a powerful tool to build a knowledge-based information society of the 21st Century. Recognizing the above and the basic fact, that the Universities have to perform multiple roles, like creating new knowledge, acquiring new capabilities and producing an intelligent human resource...
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...Volume - I No.2 August 2013 Challenging to Change - Sustainability Issues In India!! Social Networking Sites and Social Science Special Interview with Prof. Daniel Miller Macroeconomic Effect in Brazil due to upcoming FIFA World Cup and Olympics Street protests: an EPS perspective Too Many Too Little Debtanu Dutta Surbhi Verma EPS Co-ordinators (Batch 2012-14) eps@iimk.ac.in Manjunatha Belgere Ajinkya Lokare Faculty Advisory Board Prof. Kausik Gangopadhyay Prof. Subhasis Dey Prof. A. F. Mathew Prof. Sthanu Nair Prof. Venkat Raman Prof. Rudra Sensarma Editorial Board Biswa Prateem Das Debtanu Dutta Manjunatha Belgere Presented by Economics Politics & Social Sciences Interest Group Indian Institute of Management Kozhikode Editorial After an inspiring success of the inaugural edition, we are very happy to present you the second volume of “Pragati”, magazine from Economics, Politics and Social sciences (EPS) Interest Group of IIM Kozhikode. This time it is much inclusive and much bigger. We received articles from students of the esteemed colleges of India and published the best among them. This is a result of tireless effort and dedication from the student members of the group and endless inspiration and help from the faculty members of our “Faculty Advisory Board”. EPS Interest Group is a cohort of enthusiasts on economic, political and social issues. Main aim of this group is to create awareness about recent related issues and sensitize...
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...WTO AND INDIAN ECONOMY (AGRICULTURAL IMPLICATIONS) BY: RAYNAH FERNANDES 13 SRUSHTI GANGAN 14 NEHA GAONKAR 15 INDEX 1. WORLD TRADE ORGANISATION GATT Principles of WTO Objectives & Function 2. INDIA & WTO 3. INDIAN ECONOMY 4. INDIAN AGRICULTURE Agricultural Trade Agricultural Support Policies Importance Of Indian Agriculture 5. AGREEMENT ON AGRICULTURE The Three Boxes: Green, Amber and Blue Trend In Pattern Of Consumption Implication Of Agreement : Short Term and Long Term 6. WTO & INDIAN AGRICULTURE India’s Commitment India’s Agricultural Trade Under WTO Regime 7. A STUDY & ITS FINDINGS 8. SUGGESTIONS 9. BIBLIOGRPHY ACKNOWLEGEMENT We would like to acknowledge and express our sincerest gratitude for the efforts and timely guidance of our professor Mrs. Neelam Shetty of Managerial Economics for providing us the opportunity to study the impact of WTO agreements on the Indian economy especially focused on the agricultural sector. We would also like to thanks and express our gratitude towards professor Mr. Agnelo Menezes of economics from the Bachelors of Arts faculty and his student from XRCVC Master Prashant Lindayat. Each and every team member gave in his best to make sure that this report has all the necessary inputs and is completed on time. We definitely had a knowledgeful and enriching experience. WORLD TRADE...
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...The Indian food and beverage industry (not including alcoholic beverages) was valued at approximately $200 billion in the year 2007, according to a FICCI-Technopak study, and is expected to grow to $300 billion by 2015. Of course, not all of this produce goes in for processing, and the food processing industry is therefore estimated at a smaller $70 billion. Beverages, primarily packaged tea and coffee, milk-based packaged drinks, carbonated drinks and fruit-based drinks account for a small proportion of the industry, a little more than $6 billion. The food and beverage industry is considered a priority sector by the government, since it has potential for generating employment in both urban and rural areas. According to the India Brand Equity Foundation (IBEF), the industry already employs over 1.6 million workers directly, besides its impact on other sectors such as agriculture, logistics and retailing. The food and beverage industry covers many sectors, and the Ministry of Food Processing has broadly divided into the following areas: Dairy processing, Fruits & Vegetable processing, Grain processing, Fish, meat & poultry processing and lastly, Packaged goods such as beverages, snacks, bakery products, convenience/ready-to-cook foods. Currently, many units in the food processing industry work in the unorganised sector, but the share of organised industry is expected to grow, gradually. The packaged food, industry is expected to be a significant contributor to this growth...
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...Memorial Lecture this year. I believe, it is the sixth in the series started in 2007 by Shri Tharakan, the then Secretary, R&AW . It feels good to be following the five distinguished speakers who have delivered the lecture in previous years. Before this distinguished gathering, it is hardly necessary to enumerate the achievements of Shri Ramji Kao, one of the most celebrated civil servants of our time and the architect of our secret service. He was given charge of organizing the R&AW in September, 1968. Shri Kao had been associated with the creation of the Aviation Research Centre after 1962. He was able to set up and harness the capacities for both human and technical intelligence so successfully that within a period of less than three years, the Organisation was able to make a most valuable contribution to our triumph in the 1971 conflict. He is recognized as a father figure and role model for all officers, young and old, in the R&AW and the Directorate General of Security. As a person Shri Kao had an elegant and striking presence. He was measured and precise with his words yet had a keen sense of humour, an amazing human touch and a love for arts. A significant feature of Shri Kao’s vision for the R&AW was to lay strong emphasis on the quality of manpower and the multi-disciplinary sources from which select personnel should be drawn. He realized that the most important element of the whole exercise was the expertise and the quality of personnel that R&AW...
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...Governance, and Inclusion in Bangladesh Nicholas Stern Chief Economist and Senior Vice President, World Bank1 Speech delivered at Bangladesh Economic Association, Dhaka January 8, 2002 Mr. Chairman, Ladies and Gentlemen: It is a great pleasure for me to return to Bangladesh after nearly 15 years and to have this opportunity to speak at the Bangladesh Economic Association. I last visited this beautiful country in 1986 as a member of an economic advisory team working on tax reforms. I have followed your country’s significant achievements since the early 1980s: a steady pace of economic growth, strong increases in primary education enrollment and girls’ education, striking reductions in fertility and infant mortality rates, widespread immunization, success in exports of ready-made garments, increases in food production, improvements in disaster preparedness and flood relief, and the emergence of an impressive NGO system and grassroots strengths. These are achievements that many observers would have thought impossible three decades ago, when some were sufficiently foolish as to refer to Bangladesh as a “basket case.” The aggregate statistics on growth and poverty illustrate this progress. As you know, the growth rate of GDP per capita accelerated steadily, from less than 1% a year in the 1970s to 1.8% in the 1980s and above 3% in the 1990s. By the 1990s, Bangladesh’s I am grateful to Shahrokh Fardoust and Halsey Rogers for their contributions to the preparation and writing of the...
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...Chapter three Governmental and legal systems CHINA COMPLICATED RIS, BIG OPPORTUNITIES During its thirty years of communist rule, China prohibited foreign investment and restricted foreign trade. Then, China enacted the Law on Joint Ventures using Chinese and Foreign Investment in 1978. China’s subsequent transformation has been fueled by a landslide of foreign investments made in response to the country’s market potential, market performance, improved infrastructure, enormous resources, and strategic position. Frustrating this process, however, have been the politics of China’s elaborate bureaucracy, as well as its ill-defined legal system and pervasive corruption. Historically China has relied upon “the rule of man” and the belief that legal rights are derived from the power of the individual. Upon joining the WTO, China agreed to continue to reform its business environment and to move toward transparent, rules based, enforcement-oriented standards. But the business reality is far from the WTO obligations specifically in the continued controversy over the protection of intellectual property. Chinese enterprises are themselves becoming global investors, both by acquiring foreign firms and investing in foreign lands. INTRODUCTION For a multinational enterprise to succeed in countries with different political and legal environments, its management must carefully analyze the fit between its corporate policies and the political and legal conditions of each particular nation...
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...Special articles Power Politics Process of Power Sector Reform in India Power sector policy in India appears to have locked itself into adverse arrangements at least twice in the recent period. The first was when agricultural consumption was de-metered and extensive subsidies were offered; the second when Independent Power Producer contracts with major fiscal implications were signed by the State Electricity Boards. A third set of circumstances, with the potential for equally powerful forms of institutional lock-in, appears to be in the making with the reproduction of the Orissa model on the national scale. This paper provides an analysis of the social and political context in which power sector reforms have taken place in India. While a state-led power sector has been responsible for substantial failures, is the design of the reformed sector well aimed at balancing efficiency and profit-making on the one hand and the public interest on the other? The discussion of the forces and actors that have shaped the reform processes is intended to contribute to an understanding of how the public interest can best be served in the ongoing effort to reshape the power sector. NAVROZ K DUBASH, SUDHIR CHELLA RAJAN I Introduction he electric power sector in India is in a state of upheaval. Over the decade of the 1990s, the long-held belief in public ownership and operation of this critical sector has been eroded. In its place has emerged a growing vision of the sector organised around...
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...A Study on BEING AN INTERNATIONAL BUSINESSMAN WHAT WOULD BE YOU CONSIDERATION TO EXPORT Leather TO Taiwan By Ms. Zenat Sultana Reg ID: A Field Work Report Submitted to Mr. Quamrul Ahsan Course Instructor: - International Business Faculty of Business Brac University BRAC University, Dhaka December 13, 2014 December 13, 2014 Quamrul Ahsan Course Instructor- International Business BRAC University, Dhaka Dear Instructor: Enclosed report is concentrated on the consideration factors as an international businessman to export Leather to China, India and the European belt which stands a viable business case and feasible return on investment. This report is aimed to be found justified & satisfactory. Sincerely, Ms. Zenat Sultana Student ID: Executive Summery International business grew over the last half of the twentieth century partly because of liberalization of both trade and investment, and partly because doing business internationally had become easier. In terms of liberalization, the General Agreement on Tariffs and Trade (GATT) negotiation rounds resulted in trade liberalization, and this was continued with the formation of the World Trade Organization (WTO) in 1995. At the same time, worldwide capital movements were liberalized by most governments. Today, business is acknowledged to be international and there is a general expectation that this will continue for the foreseeable future. International business may be defined...
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...Globalization Versus Normative Policy: A Case Study on the Failure of the Barbie Doll in the Indian Market Priti Nemani* INTRODUCTION .......................................................................................... 97 I. GLOBALIZATION AND THE MULTINATIONAL ........................................ 99 A. Globalization Defined ................................................................ 99 1. The Key to the Kingdom: The Globalized Brand ............. 100 B. Barbie in the Global Economy ................................................. 102 1. Barbie‘s History................................................................. 102 2. Corporate Philosophy and Marketing Strategies behind Barbie ................................................................................ 105 II. MATTEL‘S BUSINESS VENTURES IN INDIA ......................................... 107 A. The Late 1980s: Barbie’s Tango with the License Raj ............. 107 1. The Licensing System ....................................................... 109 2. Limits on Foreign Direct Investment .................................110 3. Mattel‘s Joint Venture ......................................................... 111 B. India’s Economic Liberalization and Mattel’s Second Chance at Success...................................................................................113 1. India, the IMF, and the World Bank ...................................113 2. Mattel in India from 1993-2010 ...............................
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...Bhuwan Ribhu, National Secretary of BBA said that “After exposure of GAP “Indian 'slave' children found making low-cost clothes destined for Gap” October 28, 2007, The Observer” still children were found working in the same area in zari industry this incident should not remain a media hype but now it is important to take action. These children were trafficked and were literally sold by middle man. GAP has shown the intent by international company should work against child labour and it is heartening to see that the Indian law enforcement is following suit. Such incidents show that holistic perspective is required in eliminating child labour form co-operations, civil society the government and law enforcement. We firmly believe that co-operates and the business houses should continue to work with India and cancellation of the orders is not a solution. Instead of cancelling the order the Business Houses should make sure that where ever their production is going on the manufacturing units shouldn’t employ children and also regularly monitor their contractors and sub-contractors to assure that they are not violating any labour law”. Slave Kids Driving Economic Growth “10-year-old unpaid workers who help clothing giants make billions.” “GAP slave kids is a gloomy reality of Indian Growing economy.” “Indian 'slave' children found making low-cost clothes destined for Gap” October 28, 2007, The Observer. These are some of the news headlines flashing across the world today. It is disheartening...
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