International Journal of Finance, Entrepreneurship & Sustainability

The Role of Government in Promotion of Bamboo Based Entrepreneurship: A study with reference to Assam

Ayekpam Ibemcha Chanu — 2023-09-04

The purpose of the current study is to evaluate a existing policy related to bamboo based entrepreneurship development. Bamboo, a versatile plant, which is grown in the natural forests as well as cultivated in homesteads is known by different names such as ‘Green Gold’,‘the Miracle Grass’, etc. It is an integral part of socio-economic and cultural tradition of a number of communities in India. Next to China,India is one of the country which is richest in bamboo diversity; Assam, is reported as largest Bamboo producer which is located in North Eastern Region of India. Bamboo has multiple uses; it can be used for making utensils, handicraft items, medicines, constructing of houses, rituals related from child birth to death, etc.- in Assam, it is an essential plant of each and every households. It is the plant that has enormous potential to promote employment and livelihood to a large section of society; it is the plant which can be used to accelerate entrepreneurship development. The present study seeks to answer a pertinent research question that what type of policy measures has been taken by the government for promotion of bamboo cultivation. The present article is both descriptive as well as analytical in nature.Primary and secondary both the sources where used for data collection. The primary data were collected from bamboo growers of Assam and secondary data were collected from different media including government records, journals,etc. The findings from the policy of 2019 i.e. the provisions of the Assam Bamboo and Cane policy clearly reveal that majority of the bamboo growers do not aware of the policies of government to promote bamboo based entrepreneurial activities and do-not get any benefits from the government; the findings also reveal that the widely cultivated bamboo in the study are Bambusa tulda, Bambusa arundinacea, Bambusa pseudopallida, Bambusa pallid, Bambusa nutans, Melocalamus baccifera.

A Study on the Inter-relationship between Financial growth, Human Development with Economic Progress in India

Alok Arun — 2023-08-07

The paper establishes an interconnection between financial growth, human development and economic progress in India from 1990 to 2021. We utilized the financial and human development indexes to understand our country's growth better. The study implements a time series analysis to find out the growth perspective of the country. We have implemented the Unit root tests and
Cointegration tests to find out the stationarity of the variables, and we also implemented the Auto Regressive Distributed lag test to explore the relationship between the variables and how they complement each other in a short time span and over a long period of time. We used the causality test to predict the causal relationship among the variables. The study results depict that economic growth significantly contributes to both variables and has unidirectional causality. Based on the results, we will suggest a few policy implementations that can contribute to the development of society and enhance decisionmaking.

Development of MSMEs: A Way to Poverty Reduction in Malkangiri District

Pragyan Parimita Nayak — 2023-08-05

The purpose of this study is to look into the linkages among investment, number of MSME units and employment generation in Malkangiri districts over the period 1984-85 to 2018-19. Furthermore, it also examines the extent of poverty in the district. Over the study period, however, the analysis reveals that there is a short-run as well as a long-run relationship between investment, number of MSME units and employment generation using multiple regression analysis and error correction model. On the other hand Malkangiri district is characterised with high incidence of poverty. Therefore, the study argues that the growth of MSME units could be a solution for poverty reduction in this district. In order to reduce poverty through development of MSMEs, both government initiatives as well as public support should work together.

The Influence of Green HRM, Green Practices on Green Behaviour and Environmental Awareness: The Study of Hydropower Projects in H.P

Vishakha Gupta — 2023-08-07

Purpose of the research: The current study is conducted to explore the knowledge of Green and Sustainable practices among employees and the impact of these practices for promoting the Green Behavior in their professional and personal life.
Methodology: Questionnaires are used as primary data collection tool. Descriptive data analysis technique is used for finding the degree of awareness and the causal research methodology used to identify the key elements that influence employees' awareness of Green Behaviour.
Findings: The study identified the impact and awareness level of employees at different levels in the organization which indulge green behaviour.
Implications: The practical implication of the study can be seen in the organizations that uses expected Green HRM practices to rise the employees’ awareness on Green HRM to achieve excellent organizational performance and sustainable behavior. Awareness about the Green practices will give a better change in the perception of employees in their personal life and will give a green vision for the organization which will help in implementing Green Behavior for the long-term vision. Moreover, in order to achieve organizational transcendence,which will have a good impact on the economy in the long run, the government should develop policies to support green practices.
Originality: The importance of the present study can be fortified that there are relatively very few studies that have examined the range of employee’s awareness of GHRM practiceswith regard to hydropower projects in Himachal Pradesh. Furthermore, it provides some vision into the outcomes of Green Behaviour at the organization, a topic that is still being researched. The research conducted shows Green Behaviour is affected by focusing on meaningfulness through awareness as a vital factor, which helps us understand how GHRM and employees' beneficial results. Less studies have been done in this area because management researchers have overlooked it.The results also make it clear that this study advances this field of research, particularly in a non-western country like India.

Macroeconomic Impression and Performance of stock market in India

Aditya Prasad Sahoo — 2023-07-21

The main objective of this study is to reveal how stock market is affected by the macroeconomic forces. In the era of continues development and growth of stock market as well as dynamic economic prospects, it is imperative to consider this theme. Numerous macroeconomic aspects are influencing and delectating the stock market in developing countries like India. The investors are getting signal from several forces while taking investment decisions regarding higher or lower return and one aspect among them is macroeconomic panorama. Consequently, macroeconomic concern be susceptible to disturb stock market progresses. In this paper an attempt is made to derive the impact of five macroeconomic variables namely; ER (Exchange Rate), IR (Interest Rate), IF (Inflation Rate), GP (Gold Price), COP (Crude Oil Price) on performance of stock market in India. In this study 10 years yearly data from 2010 to 2019 has been used. This study includes both descriptive as well as inferential statistics like Correlation and OLS regression to find out the association and significant impact of macroeconomic variables on stock market in India. It is found that only the Exchange rate among the variables put significant impact on stock market as well as highly correlated with stock market whereas Interest rate is positively, Inflation rate and Crude Oil are negatively Correlated but all three are putting insignificant impact. In case of Gold price, the correlation result is positive but regression result is statistically insignificant during the period of study. As the interest rate and inflation rate are negatively affecting the stock market government should strategically formulate fiscal and monetary policy for betterment of the investors.

The Impact of School Education on Per Capita Income Growth: An Empirical Analysis on the Gambia.

Sulayman Jallow — 2023-07-20

ABSTRACT: According to Economics theories,quality and productive education positively impact sustainable economic growth. Education can improve other elements like good governance, the obedience of citizens, improved health facilities, advanced technology, peace and stability, justice etc which are necessary to gain a quality life. Education is treated in the endogenous growth model as the pivot of human development. The education system in the Gambia is lagging which transl ates to its low per capita income, as a result, this study focuses on exploring the impact of its education in increasing the per capita income of its people using both quantitative and qualitative variables. I use the linear regression method to evaluate the model using time series data from 2000 to 2019. The results show that only the student enrolment ratio and pupil-teacher ratio are significant in per capita income growth in the Gambia.