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MOBILE BANKING SERVICES ADOPTION: AN EXPLORATORY STUDY

Himani Dahiya and Hamendra Kumar Dangi

Volume 38, Issue 2 (October 2017 to March 2018)

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Over the last two decades, there has been a rapid advancement in telecommunication infrastructure, particularly in the field of wireless technology. This has facilitated an immense growth in Mobile commerce (m-commerce), thereby making it an increasingly important part of our daily lives. Moreover, there has been recent evolution in mobile technologies like 3G, 4G and massive upspring in the use of mobile devices (especially smartphones). With this, m-commerce have provided various significant opportunities for telecom companies and mobile service providers to create and offer new value added services such as mobile wallets to their customers. The purpose of this paper is to examine the overall status and the increasing relevance of mobile banking or payment services in India. Further, the objective of this study is to analyze and gain a meaningful insight into the various key drivers and inhibitors that has an impact on consumer’s value perception and thus influences their behavioural intention to adopt and use an innovative technology which is wireless or Mobile banking (m-banking) in this context. For this we have conducted an extensive review of extant literature in context of m-banking adoption with respect to various developed and developing countries by using ‘NVivo 11 Plus’. The findings highlighted that the most commonly applied model by majority of the studies for understanding m-banking adoption is technology acceptance model and its various extensions. Furthermore, it was revealed that the most significant facets or attributes of adoption are compatibility, perceived usefulness, perceived risk, perceived trust and attitude in both developing and developed countries.

Ethical Conduct of Educated Youth in India- A study of MBA students

Mala Sinha and Anisha

Volume 40, Issue 1 (January 2019 to June 2019)

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The purpose of this study is to understand the nature and categories of (un)ethical behaviours that are displayed by educated youth in India. The rationale for the study is based on the fact that there is an increase in corporate crimes in the current area of globalisation. Since research studies have shown that a large number of global organisations hire managerial resource from business schools this study has examined the unethical and transgressive practices of, post-graduate students pursuing MBA- the resource pool for business organisations. Data was collected from 65 respondents doing master’s in business administration from one of the leading institutions of the country. The age of the participants was between 21-27 years, most of them were freshers but a few had work experience. Based on narratives of the (un)ethical conducts of their peer group described, content analysis was conducted to understand the transgressive behaviours of educated business school youth. The results showed that most of the stated conducts by the participants were unethical and very few were ethical. Three identified categories of major unethical conducts were: academic misconducts, rule breaking and lying. Under these categories various unethical themes were also identified. In all 54 kinds of unethical behaviours and themes were identified under 9 domains like classroom, public life and inter-personal relations. During the debriefing interviews it was found that the reported unethical conducts were linked to imitating behaviour of role models, goal-orientation due to competitiveness and learned cultural behaviours.

THE IDEA OF UNIVERSAL BASIC INCOME IN INDIA: AN ANALYSIS

Virender Kumar and Shivani Kanojia

Volume 38, Issue 2 (October 2017 to March 2018)

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The idea of universal basic income (UBI) has been assuming great importance in today’s world because the existing welfare schemes have failed in addressing the problem of poverty effectively. The existing schemes are generally mired in red-tapism, data manipulation, exclusion error, corruption, high leakages and high administrative and implementation costs. The system of UBI overcomes above issues through (i) its feature of being un-conditional and universal, and (ii) through transfer of a guaranteed income directly to the beneficiaries. In this context, the paper concludes that UBI can be a good alternative to all the existing welfare schemes to reduce poverty in India. However, the introduction of UBI currently faces many practical difficulties and hence it should be implemented only in a gradual manner.

Competitive Behaviour of Outward Foreign Direct Investment from India

Manoj Kumar Sinha and Shalini Rawal

Volume 41, Issue 1 (January 2020 to June 2020)

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The paper intends to focus on the direction of Outward Foreign Direct Investment (OFDI) from India. It also analyses the competition for Indian overseas investment among different country groupings. In terms of direction of OFDI from India, the changes in ranks of FDI outflows to developing countries are more than that of developed countries. Ranking patterns reveals that there is high level of competition among developing countries to attract Indian overseas investors. Somewhat same results are depicted by Index of Rank Dominance (IRD) in case of all the countries of the world, where out of total 25 countries, 7 are developed countries and other are developing countries, majority of them are considered to be tax havens. Mobility and Turnover shows high competition for OFDI from India in developing countries than developed countries.

DAY TO DAY ECONOMICS

Anju Verma

Volume 39, Issue 2 (July 2018 to December 2018)

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Economics and its applications are considered as an arcane, prosaic and an elusive science. It involves more sophisms than any other field of study known to man. It is not just about the numbers, it is also about commerce, business, politics, psychology, history, and so much more. Taylor (2012). Economists over the years have found it very difficult to explain the basic economic principles and how and why they affect a layman. Tirole (2017) says Economics is a lens that shapes how we look at the world. Understanding it does not require expert knowledge, Intellectual curiosity is just enough to break into the world of economics. Satish Y. Deodhar has also attempted to demystify the world of economics by writing this book.

Agricultural Growth and Stagnation in Bihar: History and Prospects

Rakesh Ranjan

Volume 41, Issue 2 (July 2020 to December 2020)

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The state of Bihar in India draws academic attention mostly for its backwardness. Given that there is very poor industrial base in the state, the majority of its inhabitants still are dependent of agricultural activities for their livelihood. In the near foreseeable future, in absence of any significant change in its economic structure, the growth dynamics of agricultural sector will keep influencing the overall growth of the state. Given this importance, the present paper attempts to understand the nature and character of agricultural growth in the state in the last six decades. This is done to identify some crucial patterns that may guide any possible intervention to ameliorate the agrarian stagnation. Change in cropping pattern, expanding reliable irrigation, and focus on rice yields appear to be holding key to future progress.

Emerging Trends in Outward FDI and Preliminary Evidence on the Effects of Covid-19 on Outward FDI from India

Pooja Khanna

Volume 42, Issue 1 (January 2021 to June 2021)

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Investing overseas is a potential channel to access new distribution networks, enhance knowledge base and technology and improve competitiveness which can be crucial for a country's growth and development. (Dunning and Lundan, 2008). Last few decades have witnessed a growing trend of overseas investments by the developing countries, including India. This paper presents a trends analysis for outward FDI flows from India, using RBI database for the period 2007-2019. Since RBI provides a disaggregated monthly data, it is aggregated to yearly observations for the purpose of trends analysis. A sectoral and destination specific trends analysis brings out some important facts about Indian OFDI. Service sector dominates the Ooutward FDI flows from India and the increasing presence of primary sector is noteworthy. Emergence of destinations such as Singapore, UAE, Russia, Mozambique as compared to the earlier popular destinations such as U.S and U.K, is another significant finding of the paper. However, because of COVID-19, FDI outflows have been adversely affected. This paper highlights some emerging trends in FDI outflows, for Asian economies, followed by a detailed case study on changes in Indian overseas investment due to the global pandemic. The study includes a monthly, like for like, comparison of the overall Indian overseas investment. It also presents a disaggregated sector-wise and destination-specific analysis of the trends in Indian OFDI flows for 2019 and 2020, for the months of March-August. Trend analysis and calculations based on the data, show a fall in OFDI flows with services and its sub-sectors hit hardest by the pandemic, followed by the manufacturing sector. Primary sector reported a growth driven mainly by investments from ONGC Videsh Ltd. and Oil India Ltd. Pattern of OFDI flows patterns changed in favor of destinations like Mozambique, British Virgin Islands and South Korea in 2020.

Book Review on "Covid Reset"

Sangeeta Relan & Shalu Mahajan

Volume 42, Issue 1 (January 2021 to June 2021)

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DELHI CITIZENS’ HANDBOOK: GOVERNMENT TO CITIZEN SERVICES

Annavajhula J. C. Bose

Volume 38, Issue 2 (October 2017 to March 2018)

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The study of citizenship is not only topical but also a large, variegated, everchanging subject. The truth in this regard is that there is no consensus on the idea of citizenship in terms of rights and duties, feelings, status, identities, etc. and for large numbers of people throughout the world the idea of citizenship is still hollow and empty and meaningless, deprived as they are of virtually all of its amenities (Heater, 2002). In this milieu, it is very heartening that the Centre for Civil Society as an NGO involved in bringing about social change through public policy, has taken initiative to bring out this study that gives the reader the empirical flavour about amenities to the Delhi citizens.

Evolution of the Resolution Framework for NPAs in India: A Study of Assets Reconstruction Companies and Bad Bank Proposal

Dixit Yadav

Volume 42, Issue 1 (January 2021 to June 2021)

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The idea behind a bad bank is to clean the balance sheets of the banks and financial institutions of an economy. Currently, the Indian economy is under a lot of pressure because of increasing NPAs in the banking sector particularly from the time when RBI started conducting asset quality review of the banks to get a clearer picture of the situation and this problem is going to escalate further because of the surge in COVID 19 cases and lockdowns due to the pandemic. This pandemic hits the Indian economy very hard, leading to a fall in growth rate, increasing unemployment, and providing uncertainty to all the sectors of the economy. Amidst this pandemic, the government proposed to setup a 'Bad Bank' in Union Budget 2021-22 to handle the stress in the banking sector of our economy. This study explores the idea of a bad bank in the Indian economy and analyse the positive and negative implications of it and this paper also attempts to understand the evolution of the regulations related to ARCs and see the performance of the present ARCs in India by looking into its shareholding pattern, size of non performing assets (NPAs) acquisition, recoveries in comparison with other resolution options, etc. the study revealed that the acquisition and the rate of recoveries of ARCs are growing but it is not sufficient to handle the entire NPAs crisis.