Arindam Sen and Ranjan Bhattacharya
The purpose of this paper is to logically establish a Non – IT ERP solution for small and medium scale industry which is based on improvement of operational efficiencies and not…
Abstract
Purpose
The purpose of this paper is to logically establish a Non – IT ERP solution for small and medium scale industry which is based on improvement of operational efficiencies and not on ERP implementation. Today's buzzword ERP is not the right fit everywhere. The medium and small segment has many failure stories and causes of dissatisfaction. There are two schools of thought prevailing in this segment of industry. One school of thought is for big investment for ERP. The other school of thought is not to invest in ERP. This paper further strengthens the second school of thought with valid logic and real life case examples.
Design/methodology/approach
The design and approach is to logically establish the unacceptability of ERP solution in small segment through industry analysis and ROI analysis and to develop a model for improvement of supply chain efficiency using linear programming and Wagner Whitin algorithm.
Findings
A Non IT ERP solution for a segment of industry whose turnover is less than 2.5 M USD (in Indian perspective) which is completely based on standard operating procedure. The benefit of this model has been evaluated logically.
Originality/value
A real substitute of ERP system has been conceptualized in this research paper through improvement in standard operating procedure.
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In the present era, there is visible trend of transition of the economy from the managerial capitalism to finance capitalism, which increases the role of finance in the economic…
Abstract
In the present era, there is visible trend of transition of the economy from the managerial capitalism to finance capitalism, which increases the role of finance in the economic development of a country. The concept of financial development deals with the access, depth, efficiency, and stability of the financial institution and the market of a country. On the other hand, the financial integration is the degree of the financial openness of a country. There are de facto (gross stock of foreign assets and liabilities as a ratio of GDP, cross border capital flows) and de jure (capital account restrictions) measures of the financial integration. An efficient financial system increases the savings rate, which enhances capital accumulation in the economy. This process will channelize the fund from the household to the financial system. The economic liberalization induces the household to utilize their global market fund and enhance the marginal productivity of the capital. A deeper financial integration is expected to increase the public access in the domestic financial market as well as in the global market. Financial integration has some indirect effect on the economic growth through expansion and development of the financial system. In this context, this study examines the state of financial development and the financial integration across emerging countries in Asia. An attempt also was made to investigate whether the developed financial system promotes the financial integration or the financial integration induces the authority to develop the financial system. This study is based on the selected Asian countries over the period 2001–2016. Empirical evidence also support a significant positive association between the indicators of financial development and financial integration. It also indicates an empirical relationship from the financial development to the financial integration, and vice versa.
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The purpose of this paper is to look at the contemporaneous movement of the stock market indices of the five most COVID-infected countries, namely, the USA, Brazil, Russia, India…
Abstract
Purpose
The purpose of this paper is to look at the contemporaneous movement of the stock market indices of the five most COVID-infected countries, namely, the USA, Brazil, Russia, India and UK after the first wave along with market indices of the three least affected countries, namely, Hong Kong, South Korea and New Zealand during the first wave.
Design/methodology/approach
Data have been collected from the website of Yahoo finance on daily closing values of five indices. Augmented Dickey–Fuller test with its three forms has been applied to check the stationarity of the select five indices at the level and at the first difference before the pandemic, during the pandemic and post-first wave of the pandemic. Johansen cointegration test is applied to find out that there is no cointegration among the select five indices.
Findings
The five countries do neither fall in the same economic and political zone nor do they have the same economic status. But during the period of pandemic and the new-normal period, the cointegration is very distinct. The developing and developed nations thus stood at an indifferentiable stage of the economic crisis which is well reflected in their stock markets. However, the least three COVID-affected countries do not show any cointegration during the pandemic time.
Originality/value
The comovement even seen during the normal time in the other studies is not compared to a similar period in earlier years. But, in this study to look into the exclusive effect of COVID pandemic, the period most affected with it is compared with the period after it and that in the immediate past year had no effect.
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Arindam Datta, Ved Prakash Sharma, Tanushree Gaine and Meena Sehgal
Different pollutants emission due to the conventional energy consumption process is of major concern owed to its significant effect on human health vis-à-vis regional climate. The…
Abstract
Purpose
Different pollutants emission due to the conventional energy consumption process is of major concern owed to its significant effect on human health vis-à-vis regional climate. The purpose of this paper is to develop mitigation strategies to reduce the pollutant concentrations in the rural households conducted in a pristine rural village of Indian Sunderban area.
Design/methodology/approach
During winter, 2014, 20 households which were using traditional biomass cookstove for cooking and kerosene-lamp for lighting (KIT-TRD) were randomly selected. Specific type of improved forced draft biomass cookstove and solar lantern were used in ten of the selected households (KIT-IMP). Real time concentrations of particulate matter (PM) (PM2.5, PM10) and carbon monoxide (CO) during day and evening time cooking period were measured in KIT-IMP and KIT-TRD. A simulation model was established to evaluate most potential factor to control the level of pollutants inside the kitchen.
Findings
Conventional processes of energy consumption in the households, along with the outdoor concentration of pollutants influence the indoor concentration of measured pollutants. The concentration of PM and CO was significantly lower in the KIT-IMP than the other. In the KIT-TRD households, the daytime concentration of PM and CO was significantly higher compared to the evening. The simulated output overestimated the concentration of PM10 and CO in the KIT-TRD.
Originality/value
The concentration of PM2.5, PM10 and CO significantly reduces in the indoor environment with the introduction of improved cookstove and solar lantern; however, further research is required to develop optimum sizes of window and door in the rural households to reduce the concentrations of different pollutants inside the kitchen.
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Arindam Chakrabarty and Anil Kumar Singh
India has been withstanding increasing pressure of enrolment in the higher education system, resulting in the creation of new universities in consonance with the recommendations…
Abstract
Purpose
India has been withstanding increasing pressure of enrolment in the higher education system, resulting in the creation of new universities in consonance with the recommendations of the Knowledge Commission (2007). Barring a few institutions of paramount excellence, the mushrooming universities fail to conform to equitability of quality and standards, that is teaching-learning-dissemination and research, except for accommodating higher gross enrolment ratio. It has resulted in an asymmetric and sporadic development of human resources, leaving a large basket of learners out of the pursuit for aspiring higher academic, research and professional enrichment. The country needs to develop an innovative common minimum curriculum and evaluation framework, keeping in view the trinity of diversity, equity and inclusion (DEI) across the Indian higher education system to deliver human resources with equitable knowledge, skill and intellectual acumen.
Design/methodology/approach
The paper has been developed using secondary information.
Findings
The manuscript has developed an innovative teaching-learning framework that would ensure every Indian HEI to follow a common minimum curriculum and partial common national evaluation system so that the learners across the country would enjoy the essence of equivalence.
Originality/value
This research has designed a comprehensive model to integrate the spirit of the “DEI” value proposition in developing curriculum and gearing common evaluation. This would enable the country to reinforce the spirit of social equity and the capacity to utilise resources with equitability and perpetuity.
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Arindam Banik and Debasis Neogi
– The purpose of this paper is to examine factors that explain dropout of children from primary schools in Lohit district of Arunachal Pradesh, India.
Abstract
Purpose
The purpose of this paper is to examine factors that explain dropout of children from primary schools in Lohit district of Arunachal Pradesh, India.
Design/methodology/approach
The field survey was carried out in two phases, one, during January to April of 2010 and two, between August and November of 2011. The entire research work is based on stratified random sampling. The population in Lohit district is a set of tribal and non-tribal (mostly general) people. The district has two major tribes – Mishmi and Khamti.
Findings
The authors find that children dropout of school is affected by number of factors such as earning compulsions, household work, access to school, school time not suitable and parental unawareness.
Research limitations/implications
It is imperative to mention here that “earning compulsion” can be described only as a derivative of the major problem of abject poverty.
Practical implications
By highlighting the role of appropriate intervention as well as incapacitation, the authors believe that the findings presented above shed light on some important factors that explain dropouts.
Social implications
The evidence provided in this paper underscores the importance of social interactions in analysing individual outcomes.
Originality/value
The findings may have significant bearings in reducing dropout rates in India.