This paper provides a review of the developments which has been occurring in the labour market in the making of neoliberal India beginning early 1980s.The macroeconomic data shows that the share of wages in the total gross value added has been consta... ntly falling along with increase in the incidence of unemployment and informalisation of the formally employed workforce. Numerous ethnographic studies provide the evidence that there has been no abatement in precarious work in the informal sector of the economy in the post-reforms period compared to the pre-reforms period. Both, the macroeconomic and ethnographic studies, reach to the conclusion that these developments in India's labour market are not the result of the natural market forces but to a great extent due to the occurrence of primitive accumulation in the economy. The capitalist class has been using primitive accumulation as a tool to extract the surplus by embedding it in the growth process in India's economy.Read More...Read Less...

The prime motive of every business organization has always been to earn profits. Every firmacquires the necessary resources from the society and environment to carry out its various functionsand activities. In this context, it is indebted to the soci... ety for its many favours and benefits. Hence it is obligated to repay back the society by sharing some of its earnings/profits and by discharging its duties towards its stakeholders, society in general. This is the essence of the concept of social responsibility of business or its contemporary terminology corporate citizenship. Social responsibility of business is no more seen only as philanthropy. The corporations are expected to discharge its responsibilities at five levels viz. Economic level, legal level, ethical level, environmental level and social level. The present paper aims to highlight the contemporary issues associated with corporate social responsibility. Read More...Read Less...

Corporate Social Responsibility (CSR) has become a much-discussed subject in the present business world. CSR has become a pivotal issue to the corporate houses as business has to meet society’s expectations in their practices. Nowadays, businesses ... operate in an environment in which societal concerns have been given top priority. CSR can be seen as an obligation of the business world to be accountable to all of its stakeholders – not just its financial one. So, in the Companies Act, 2013 made it (CSR) compulsory for certain companies depending on their net profit or turnover. Here, in this paper attempt has been made to project some of the valuable social initiatives undertaken by the Oil & Gas PSUs operating in North East India. Specially, their initiatives were seen and analyzed with respect to rural development.Read More...Read Less...

The existence of Public Enterprises in the Indian economy is of paramount significance in order to realize the true economic goals of sustainable growth. Being a highly regulated sector, the power sector in India has been traditionally dominated by p... ublic sector companies under the Central Government as well as individual State Governments. NTPC Ltd. is playing an ever-increasing vital role in generating power and contributing to the Indian economy in many ways. Understanding the importance of such a ‘Maharatna’ company and its phenomenal performance, it is highly important to look into its financial performance both in the preliberalisation and post-liberalisation periods. In the present paper, a modest attempt was made to analyse the value generating capability of NTPC Ltd and to identify its determinants using the data from 1983-84 to 2012-13. The results obtained from the study revealed a significant improvement in the value generating capability of NTPC Ltd. during the postliberalization period as compared to the pre-liberalization period. In fact, the company was able to adapt itself efficiently to withstand the turbulent conditions during the post-liberalization period.Read More...Read Less...

This paper attempts to discuss about the Memorandum of Understanding (MoU) signed between the Administrative Ministries and the concerned CPSEs as a performance measurement tool for CPSEs. The paper highlights the evolution of the concept of MoU fram... ework for CPSEs in India, the concept of MoU, the MoU process and the benefits and the significance of the MoU framework with respect to the CPSEs. This paper will help to make an understanding about the process of MoU as a performance measurement framework for the CPSEs.Read More...Read Less...

Sarva Shiksha Abhiyan (SSA) is a comprehensive and integrated flagship program of Government of India to attain Universal Elementary Education (UEE), covering the entire country in a mission mode. The program aims to provide useful and relevant, elem... entary education to all children in the 6 to 14 age group by 2010. The scheme calls for community ownership of school-based interventions through effective decentralization and community based monitoring system.Community participation is the main thrust of the scheme. The whole emphasis is on maximum participation of the local community and infrastructure for the development of the school and primary education. Against this backdrop, the present paper attempts to discuss various programs of community mobilization of SSA, Chandel District and the issues and constraints in its process. The studyis based on both primary source obtained through personal interview with the officials of SSA Chandel and secondary sources garnered from Annual Activities and Reports of SSA, Chandel, Journals, Cash Studies and Websites. Read More...Read Less...

The flow of Foreign Direct Investments (FDI) in India has emerged as an attractive aspires for foreign investors. FDI is one of the noteworthy players in the Indian stock market. It has become an outstanding appraise of economic growth resulting in f... ierce competition and accelerated pace of innovation in both developed and developing countries. An attempt has been made in the present paper to investigate the relationship between FDI and Sensex using statistical measures like correlation coefficient and multiple regression analysis. Sensex is considered as the representative of stock market. The study is conducted using yearly data on BSE Sensex and FDI inflows over a period of 13 years starting from 2000-01 to 2012-13. The study concludes that Flow of FDIs determines the trend of Indian stock market. It provides the evidence of significant positive correlation between FDI and Sensex and effects on Indian Stock Market. Read More...Read Less...

Financial inclusion has come to be regarded as an important and inevitable milestone in achieving inclusive growth. Microinsurance is an important tool of financial inclusion. In West Bengal microinsurance is a nascent intervention, and this study ex... amines the provision, availability and impact of microinsurance in the Bankura district of rural West Bengal. A mix of qualitative and quantitative methods such as household surveying, direct observation and key-informant interviews, were employed for data collection. Keeping this in mind, the present study has been undertaken to examine the need for microinsurance products among the rural people in Bankura. The primary data has been collected from respondents of villages of this district. The main objective of the study is to estimate the demand for different microinsurance products.Read More...Read Less...

FDI is generally assumed to be more productive than domestic investment, because FDI encourages the incorporation of new modern technologies in the production function of the host economy. Hence it is believed that, FDI will enable the host economy t... o produce exportable goods, thus earn foreign exchange to them and also provide employment opportunities which will increase the level of income and decrease poverty. One of the biggest advantages of FDI enjoyed by India has been economic growth. A remarkable inflow of FDI in various industrial units in India has boosted the economic life of country. The main objective of the paper is to analyse the impact of FDI on Indian economy, as in the case of some industrial variables as well as some macro variables. The progress of these macro and industrial variables have also been studied by dividing them in the categories of pre and post-reforms period, which has also assisted in assessing the effectiveness of the reforms initiated by the government in the Indian economy. The research paper is theoretical as well as empirical in nature. It is based on the secondary data which are mainly available from various reports of government and semigovernment organizations in this field, research publications and also relevant websites on the internet. The data collected from such various sources have been classified, tabulated and analysed by using some conventional statistical tools and concluding observations made. Read More...Read Less...