Suchergebnisse

<p><em>In contemporary society, the full-fledged impact of modernization and globalization, which has led to free movement of people, goods and money across the countries of the world, can be witnessed. This has also opened the economic opportunities among the individuals and the communities in the society, which has become the new of life. Society has changed over the years and activities of the people have undergone changes. Even the substances used for inebriation have changed corresponding with the dynamics of society. Traditionally used drugs, marijuana and cannabis, have been replaced by modern synthetic drugs. The proliferation of pharmaceutical industries, which manufactures narcotic drugs, has directly and indirectly encouraged the use and the abuse of the drugs due to the easy access in the market. The epidemic of illicit drug users in the global society has increased significantly and simultaneously drug use associated crimes as well in the society.</em></p><p><em>A drug is a biological substance, synthetic or natural, that is taken primarily for non-dietary needs, and it is a substance, which affects the functioning of mind and body or both. Globally according to UNODC estimate, in 2009 between, 149 and 272 people or 3.3% to 6.1% of the population aged 15-64 has used illicit substance once in previous year. Cannabis and Amphetamine Type Stimulants [ATS] are two important drugs which are commonly used world-wide.(World Drug Report,2010;pg.123) Within Asia, ATS ranks as the main drug abuse in Thailand, Japan, Republic of Korea, Philippines and also China, Myanmar and Indonesia are in the second rank according to United Nations of Development Countries [UNODC] in 2004. Heroin, Cocaine and other drugs kill around 0.2 million people each year and causes health problems with incurable diseases. (Changing Drug abuse patterns and law enforcement strategies;pg.-134) The European-Monitoring Center for Drug and Drug Addiction [EMCDDA] defines the problem of Drug use as injecting drug use as 'injecting drug use or long duration regular use of opium, cocaine and amphetamines.' World Health Organization [WHO] defines Drug Addiction as a 'disease' and the American Psychiatric Association defines drug abuse as the 'illicit consumption of any naturally occurring of pharmaceutical substance for the purpose of changing the way, in which a person feels, thinks or behaves without understanding or taking into consideration the damaging physical and mental side effects that are caused.(World Drug Report,2012;pg.125-126).</em></p><p><em>Drug Abuse is a global phenomena and it is also abused in India. India is a diverse nation and is like many other nations afflicted by drug abuse and drug addiction among the youths in the society. Drugs like opium and cannabis were traditionally used by the people, which are taken as a pain reliever by the people. 'Ganja was consumed to worship Hindu God, Lord Shiva, during the festival of 'Shivratri' in India.(B. Sundas, 2011;pg.50). According to a nation-wide survey spread over 13 states by a NGO, in collaboration with the Ministry of Women and Child Development found that 32.1% children below the age of 18had tasted bhang, ganja, heroin or other forms of narcotics. (P. Mehta, 2011) In 2008, 5.3 million Indians aged 12 and older had abused cocaine in any form and 1.1 million had abused LSD at least once in the year. In 2008,453,000 Indians aged 12 and older had abused Heroin at least once in the year. In 2008,25.8 million Indians aged 12 and older had abused marijuana at least once in the year. In 2008,850,000 Indians aged 12 and older had abused methamphetamine at least once in the year.(Ibid,pg. 34-40).</em></p><p><em>Northeast has been challenged by serious problem of Drug use by the youth. Nagaland and Manipur are the two states in Manipur are the two states in North-East India, which has the highest prevalence of Intravenous Drugs (IDUs). Even cultivation of opium is done in Manipur, Nagaland and Arunachal Pradesh, and supplied to other parts of India. These are the easy routes of drug trafficking across the common borders of Myanmar and the three North-eastern States of India (Manipur, Mizoram and Nagaland). There is illicit cultivation of opium and cannabis, the heroin and the amphetamines, and the pharmaceuticals are used as illicit drugs and trafficked in the North-east India. (Drug used in Northeastern States, India;pg.xiv).</em></p>

On peasant movement in Bamanda, erstwhile state during British rule in Orissa, India

Organizations face a number of complex challenges. Growth and competitive advantage has become strategic perquisites for any organization. Need for developing information and knowledge structures is becoming increasingly important in order to achieve a sustained growth in today's competitive environment. We, in this paper, have briefly reviewed the increased interest in more explicitly valuing intangible assets and have explored the strengths and weakness of the current approaches of Intellectual Capital (IC) and Balanced Score Card (BSC). The paper contends that overemphasis on developing and leveraging intangible assets, is nonproductive and incorrect. All organizational assets financial, tangible and intangible must be managed as an integrated system if the value of intangible assets is to be fully ascertained. A new approach, Systematic Knowledge Management (SKM) that visualizes and harmonizes the organizational factors and dynamic interactions involved in effectively and efficiently managing all assets, has been proposed.

In India, the coronavirus (COVID-19) pandemic-induced country-wide regulatory lockdown and consequential supply-chain disruptions and market instability have all posed serious challenges before the regulators and policymakers. Amid the pandemic, the stock market showed return volatilities primarily due to the unexpected investors' behaviour. One of the behavioural biases is herding, which has the power to wreck the market equilibrium and shatter the market efficiency. Given that the pandemic has generated unprecedented spirals of uncertainties across the globe, thereby creating interruptions in the pattern of stock market investment decisions, this study examined the herding behaviour of 54 stocks of banking and financial services sectors listed in the national stock exchange. In the quantile regression framework, the study provides evidence of the presence of herding for public sector banking and financial services under the bull market conditions during the pandemic in the 90th quantile of the return distribution. This finding has implications for the mispricing of financial assets in these sectors. So, the study suggests removing information asymmetry among the market participants and devising policy initiatives for ensuring market stability.

On the onset of the year 2020, the unprecedented outbreak of novel coronavirus, initially as a human health epidemic and later as a global pandemic, has wobbled the economies of affected countries across the globe. The consequential unexpected occurrences of supply- and demand-side shocks forced the economies to trim down their growth prospects. The interplay of these shocks has generated spirals of downturns in all major economic sectors, including the financial sector in affected countries. Specifically, the stock markets immediately nosedived, following the outbreak of the global spread of coronavirus disease 2019 (COVID-19). Thus, we examine the behaviour of the selected Asian stock markets amid the huge uncertainties of the corona pandemic and find the occurrences of volatility clustering in these markets. Such volatility clustering primarily occurred, owing to the pessimistic and panic sentiments of investors, and the increase in the number of COVID-19 confirmed cases, changes in oil prices, and exchange rates were found to be significant in channelizing the fears and uncertainties of coronavirus pandemic to cause unexpected nosedives in Asian stock markets.

In the macroeconomic perspective, domestic saving and investment constitute two important wheels that keep the growth process moving on towards stability. But when domestic savings tend to fly away to foreign countries for excess returns, the warranted domestic investment remains unattained thereby which impair the growth trend unless the gap is bridged by the foreign investment inflows. However, excess inflows of foreign investments may deteriorate current account balances, if not appropriately absorbed. In this pretext, this article revisited the Feldstein–Horioka puzzle with the twin-deficit hypothesis for SAARC countries. The results lend to support the validity of the twin-deficit hypothesis along with a low degree of association between domestic savings and investment in the region thereby justifying the argument that international capital movements or financial integration have increased in the post-reform era. This observation has significant policy implications for the sustained growth of the SAARC nations.