Application of k-Laplace transform to estimate the time value of money in quantitative finance

Author V. R. Lakshmi Gorty Abstract In this study, the fractional Laplace transforms is shown to be more useful to deduce existing value rules. Not many analytic solutions exist for present value problems; with k-Laplace transforms, some of the closed form solutions are efficient. The boundary of the integral is from 0 to some finite Read More …

Analysis of Work and Employment Conditions of Contractual teachers in India

Author Jayanti Kumari Abstract The employment and working conditions of teachers is the core of any search for quality education. The United Nations Millennium Development Goals, which aim to achieve universalisation of elementary education, has led to expansion of large scale low quality primary schools in India. Consequently, the contractual teachers were used as an Read More …

Nature of Relationship Between Inflation and Savings: Evidence from India

Author – Madhunika Iyer, under the Guidance of Dr. Shreya Biswas Abstract This paper investigates the importance of inflation in explaining the recent slowdown in savings in India using time series data for the period 1971-2015. Using Autoregressive Distributed Lag Co-integration technique, it was estimated that in the long-run, inflation has a negative impact on Read More …

The Emerging World Order of Digital Economy: Strategic Perspectives

Author – Bala Krishnamoorthy – Gayathri Sampath Introduction ‘Digital economy’ refers to an economy that is based on digital computing technologies¹. It encompasses a global network of economic and social activities that are enabled by information and communications technologies, such as the internet, mobile and sensor networks². However, the term ‘digital’ itself is not a Read More …

Editorial: Diversity in Higher Education Gurumurthy Kalyanaram

As an academic, I am interested in the role of diversity in educational institutions, corporate work place, non-profit organizations, and in public policy making. But, here, in this short essay, I want to focus on one important question: Should diversity be a consideration to admissions in colleges and universities? This question resonates all over the Read More …

Potential GDP Growth for China and India: What Growth Rate is Sustainable?

Author PAUL KUTASOVIC Abstract In this manuscript, we determine the sources of historic growth for the economies of India and China. Next, we estimate potential GDP growth for each country. The study concludes that India is more favorably positioned for long-term growth than China with a higher steady state growth rate. It is a large Read More …

The True Legacy of Communism

Author MAHFUZ R. CHOWDHURY Abstract The socio-economic system that we used to live in was known as capitalism, where people could use their private properties for their personal gain. With the advent of the industrial revolution in the late eighteenth century, the exploitation of the labor class under capitalism became very prominent. To counter this, Read More …

Empowerment through E-Governance in Developing Economies: The Case of India

Author SIVAKUMAR VENKATARAMANY Abstract This paper focuses on strategies undertaken in India and other developing economies to achieve empowerment of all stakeholders, particularly the rural poor, through context oriented policies of e-governance. With a strong emphasis on principles of governance, the government’s involvement in the implementation of information and communication technology at all levels of Read More …