1.1. History of Investment in India Financial sector has been operating under strong government control in India since independence. Government of India used to have direct control over all the financial institutions and financial markets, which includes Capital Market and Money Market for a period of more than four decades. During this period, Government directed various credit programs, controlled pricing of financial assets, framed different bank regulations and formed a number of barriers for entry into different sectors. Government also restricted a number of financial transactions as well as flow of funds within and outside the economy. All these resulted in the growth of highly segmented, but inefficient financial markets. Both the money markets and capital markets remained underdeveloped. Foreign exchange market was extremely narrow. This was mainly because of the inflexible and strict restrictions under Foreign Exchange Regulation Act (FERA). Although financial sector grew significantly in regulated environment, it failed to achieve the expected level of efficiency and competency. Financial markets in India were highly segmented until the financial reforms were implemented from 1992 – 93.
This proceeding discuss the latest solutions, scientific findings and methods for solving intriguing problems in the fields of data mining, computational intelligence, big data analytics, and soft computing. This gathers outstanding papers from the fifth International Conference on “Computational Intelligence in Data Mining” (ICCIDM), and offer a “sneak preview” of the strengths and weaknesses of trending applications, together with exciting advances in computational intelligence, data mining, and related fields.
This book edited by Prof. Dr. Uday Salunkhe, Dr. V. Kumar, Prof. Dr. D.N. Murthy, and Bharath Rajan brings together critical and up to date analysis by more than 30 experts on business and management research in India. The editors offer a scoping review management research in the Indian context and reflect on ways in which this strand of research can help better understanding and solving business and societal challenges. Herein, twelve chapters presented in the volume collectively illustrate the emerging research insights for business and society as seen from the perspective of India. Along with some key insights identified, authors also explore possible avenues for future research in three key areas, namely, diversity and inclusion, employee engagement, and the implementation of sustainable practices. Contents: CHAPTER 1 MANAGEMENT RESEARCH IN INDIA: NEWER INSIGHTS. 13 Bharath Rajan and V. Kumar CHAPTER 2 THE CHANGING PROGRAMMATIC ADVERTISING ECOSYSTEM IN INDIA 25 D. Narasimha Murthy and Fathima Raj Kilimas CHAPTER 3 CAN ASSORTMENT AND CUSTOMER SERVICE BE DETERMINANTS OF CUSTOMER LOYALTY? AN EMPIRICAL STUDY OF THE ONLINE GROCERY INDUSTRY 49 Malabika Purkayastha and Chandra Sen Mazumdar CHAPTER 4 AN ANALYSIS OF GEN Z'S PERCEPTIONS OF TECHNOLOGY-BASED GIG JOBS 69 Asha Mathew, Ishani Chakraborty, and Rajakumar Alagar CHAPTER 5 UNDERSTANDING CREATIVITY: A STUDY OF THE INDIVIDUAL TRAITS OF NOBEL LAUREATES AND THEIR ECOSYSTEMS AND THE IMPLICATIONS ON CORPORATE INNOVATION.. 87 Kaustubh Dhargalkar CHAPTER 6 COGNITIVE BIASES THAT INFLUENCE AND IMPACT THE DECISION-MAKING OF INVESTORS. 113 Arnita Sur , Joseph Durai Selvam , Nagendra BV, and Ganesh. L CHAPTER 7 EXPLORING THE ROLE OF SOCIAL MEDIA INFLUENCERS IN SHAPING TOURIST MOTIVATION FOR RURAL TOURISM... 143 Mahalakshmi S and Bharath. H CHAPTER 8 IMPACT OF CHATGPT ON THE SERVICE SECTOR AND STUDENTS IN INDIA 159 Manushree NK Shah and Kamini Khanna CHAPTER 9 INFLUENCE OF TECHNOLOGICAL INNOVATIONS ON COMPANIES’ MARKETING STRATEGIES. 171 Vijaya Kumar Bhima Rao, Dakshina Murthy, Kiran. G, and Madhava Murthy CHAPTER 10 STOCHASTIC FRONTIER PRODUCTION FUNCTION OF MINOR MILLETS FOR SUSTAINABLE AGRICULTURE IN MAHARASHTRA DISTRICTS. 197 Vandana Panwar, Sujitsinh Subhash Dubal, and Deepak Gajanan Deshmukh CHAPTER 11 CLUSTERING OF STATES AND UNION TERRITORIES IN INDIA BASED ON CYBERCRIMES 231 Manas Shrivastav, Muthulakshmi Subramanian, Tejaswi Harsh, Vanee Subramanian, Ankit Ajay, Rijan Gaha, Nagendra BV, Joseph Durai Selvam, and Ganesh. L CHAPTER 12 EXPLORING THE GENDER GAP IN VOTER TURNOUT IN THE 2022 GUJARAT ASSEMBLY ELECTION.. 263 Ashutosh Dutt, Ashima Mahto, and Aditya Basu CHAPTER 13 GREEN BANKING: INITIATIVES BY THE INDIAN BANKING SYSTEM TOWARDS A SUSTAINABLE FUTURE.. 283 Aniket Subhash Sakhare, Jinal Mukesh Soni, and Shubham Pradip Badgujar
This book focuses on the regulatory aspect of retail investor protection in the context of Initial Public Offerings (IPOs) in the Indian securities market. The book captures the salient policy changes that have transformed the IPO markets in India from their rudimentary structure at their present advanced structure. While primary markets reforms in India have been an ongoing endeavor, there has been a renewed emphasis in the recent past on reforming the market keeping the retail investors in focus. Greater retail participation is the intended objective of the reforms agenda. The book assesses retail participation in all the IPOs that have been floated between the period 2012-2017 in terms of their subscriptions, size of investment and quantum of applications. The book also provides a concise overview of the significant legislative developments that have been enacted keeping the retail investor in focus.
This is a technical report published by Global Law Assembly as a part of their Technical Report Series. The larger theme of the report is in the field of corporate governance & innovation. Manohar Samal, Bhavana J Sekhar and Sathyajith MS have authored this report. The authors were encouraged to undertake research and contribute to the present publication because the Indian legal perspective of Special Purpose Acquisition Companies have only been discussed through short articles by various professionals and a publication for comprehensive analysis of Special Purpose Acquisition Companies can seldom be found. Accordingly, the authors have worked and contributed to several portions and chapters of the publication depending upon their areas of interest. “Chapter 1: Prologue” drafted by Manohar Samal examines the history and origins of Special Purpose Acquisition Companies and lays down the objectives of the research in brief. “Chapter 2: Understanding Special Purpose Acquisition Companies” drafted by Bhavana Sekhar and Manohar Samal explicates the structure, process and phases, potential benefits of embracing the structure and the current legal framework governing Special Purpose Acquisition Companies in India. “Chapter 3: Regulatory Concerns of Special Purpose Acquisition Companies from the Indian Context” drafted by Manohar Samal, Bhavana Sekhar and Sathyajith MS discuss in detail, concerns under securities law, law on mergers and acquisitions, tax law, anti- money laundering law, company law and private international law. Concurrently, “Chapter 4: Recommendations to Solve Regulatory Concerns of Special Purpose Acquisition Companies” drafted by all the authors in unison has aimed to suggest few possible reforms which can be undertaken under the respective laws of concern for Special Purpose Acquisition Companies with an aim of solving the said concerns for regulators and Special Purpose Acquisition Companies alike. Finally, “Chapter 5: Epilogue” drafted by Manohar Samal gives a concise summary of the findings of the research. The authors hope that the readers enjoy the discussions and descriptions propounded in the publication.
The papers in this compendium were written by the 10 members of the 2017 CSIS Taiwan-U.S. Policy Program (TUPP) delegation. TUPP provides a much-needed opportunity for future leaders to gain a better understanding of Taiwan through first-hand exposure to its politics, culture, and history. Each participant was asked to reflect on his or her in-country experience and produce a short article analyzing a policy issue related to Taiwan. These papers are a testament to the powerful impact that follows first-hand exposure to Taiwan.
Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers. The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications. The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management. This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics.
This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC participation and upgrading. The report has six main chapters: 1. FDI and GVCs. Assesses the trade-investment nexus and analyzes the effect of FDI in countries’ GVC participation and upgrading at the country level. 2. MNCs shape GVC development. Highlights MNCs' contribution to global economy and how their business strategies shape the evolution of GVCs. The chapter also compares MNCs' business strategies in terms of outsourcing and offshoring, risk mitigation and increasing market power across GVC archetypes. 3. Domestic firm perspectives on GVC participation. Looks at the various paths domestic firms can take to internationalize their production and trade. Investigates domestic firm characteristics that predict higher GVC participation, and the effect of GVC participation on firm performance. 4. Investment policy and promotion: what is in a government’s toolbox? Summarizes the various policy instruments governments have at their disposal to help attract MNCs to their country and facilitate GVC participation of domestic firms. 5. Integrating countries into GVCs. Draws on a range of case studies to illustrate how governments can develop coherent strategies and policy packages to integrate their countries into GVCs. 6. FDI and GVCs in the wake of COVID-19. Reflects the impact of COVID-19 on FDI and GVCs, the response from multinationals and suppliers, and the implications for GVC reconfiguration. In addition, there are seven case studies that offer more nuanced analysis on the GVC participation in selected countries and sectors: • Five qualitative case studies: Five countries have been selected that managed to use FDI to stimulate GVC participation using a range of approaches. By design, these five countries also cover five different GVC archetypes. These countries are: (1) Kenya (horticulture); (2) Dominican Republic (textiles); (3) Mauritius (tourism); (4) Malaysia (electronics); (5) China (software). • Two quantitative case studies: Rwanda, West-Bengal (India). These use a combination of firm- and transaction level datasets to study firm-level dynamics that explain the role of multinational and domestic firms across GVCs.
The success of any regional economic story depends on how much the political economy and financial economy complement each other. The BRIC grouping (Brazil, Russia, India and China) was deemed to be at a similar stage of newly advanced economic development when Goldman Sachs coined the acronym in 2001. As a new asset class for the financial economy, portfolio funds were launched and as a consequence political economic initiatives lent the BRIC grouping status and cohesiveness. The Bay of Bengal: The Next BRICS Asset Class has been written to demonstrate the economic potential of the grouping, and the benefits of creating a distinct asset class. The author compares economic/corporate performance data of the Bay of Bengal (BoB) grouping with other regions of developing countries (BRICS, ASEAN, SAARC, EAC, MENA, EEC, CIS, MINT, CIVETS, Pacific Alliance, etc.) to show that the Bengal group is expected to reach a combined GDP of $6 trillion by 2021, just as the BRICS did in 2006 (five years after BRIC was coined). The BoB grouping has relatively the best linear/synchronised growth, a high proportion of companies generating consistent profits/return on equity, a more diversified profit pool and a fair mix of economic-growth drivers compared to other economic groupings. The economic relevance of this region is clear and statistically substantiated, and The Next BRICS Asset Class sets out to reverse the current lack of awareness amongst the financial economy. The authors aim is to justify the economic substance of this grouping so that it complements the political economys initiatives that will follow.
