Value for Money The defining characteristic of an educated individual is the one who is aware of ... more Value for Money The defining characteristic of an educated individual is the one who is aware of his rights and handles the associated responsibilities independently and with ease. But this is not true for a country like India where education is considered to be celebrated, lofty and noble. On account of this it often fails to equip the educated with the very basic knowledge and skill of handling the seemingly mundane but essential everyday worldly activities which involve money transaction of some nature. Knowledge and understanding of money is ignored by all forms of formal education beginning right from school where mathematics is considered essential but its applied form is not even cursorily attended to. In all forms of higher education especially professional education, focus is paid to domain knowledge of the relevant profession and skill training is limited to soft skill training encompassing communication and human behaviour training.
Journal (Academy of Hospital Administration (India))
Abstract Purpose: The current study attempts to explore the relevance and importance that globali... more Abstract Purpose: The current study attempts to explore the relevance and importance that globalization has brought to India vis-a-vis the changes in the images and framing made about India by the New York Times between 1985-2010. Design/Methodology/ Approach: The New York Times was taken as a data source and top 25 news reported every year over a span of six years in three phases between 1985-1990 (phase - I); 1995-2000 (phase – II) and 2005 – 2010 (phase – III) was taken to cover the span pre and post globalization. These 450 news reports were analysed to bring out a change in the total quantity of news covered about India and also to know the focus of the news items pre and post globalization. The news was also categorized into good; bad or neutral news type. Chi-square testing was done to statistically validate the hypothesis and check the critical difference between the news coverage made about India by NYT pre-and post-globalization. Findings: The findings indicate an exponent...
Development needs of a country like India are extremely disparate, and therefore a unifocus of fi... more Development needs of a country like India are extremely disparate, and therefore a unifocus of financial and government agencies on investment considering economic returns shall fail to achieve overall development of the country. The gradual trickle of impact investing in India should begin to look beyond the traditional sectors like manufacturing and agriculture towards nontraditional sectors like culture and heritage which involves the affective and cognitive attributes of the community while being a part of its daily chores. If funds are judiciously channelized towards this sector, then a holistic impact on social and environmental growth can be expected along with the economic returns. Tourism and allied industries would be a direct economic beneficiary which would help generate employment, preserve tangible and intangible heritage manifestations and inculcate a sense of pride in the self and social cohesion. The current article presents two conceptual models arguing the higher ...
ABSTRACT Background and Purpose: India opened its doors to globalization in 1991 and the referenc... more ABSTRACT Background and Purpose: India opened its doors to globalization in 1991 and the reference point of this change through globalization has been the United States of America (USA) which champions the cause of a free economy. The current study attempts to explore the relevance and importance that globalization has brought to India through mapping the shifting pattern of mass media coverage of India by the foreign media and parallely marking the shifting patterns in investments made by foreign financial institutions in India, over the last decade and a half. Design/Methodology/ Approach: Top 25 news articles about India reported by The New York Times (NYT), every year, over a span two decades 1991-2010 was taken from the NYT website. The 500 news reports were filtered and news falling in the category of “Business and Personal Finance” (BPF) were used for content analysis and categorised into three broad types – good; bad or neutral. Similarly the investments made by foreign institutions (FII) in India were noted over the same period to explore a correlation between the BPF media reports and the investments made by FII in India. Since media reports do not often have an immediate impact a lag effect of one year was checked. The data was statistically validated. Findings: The findings indicate an exponential rise in the number of news items which NYT carried about India over a period of two decades. There has been a change in the category of news coverage from ‘Arts and Culture’ to ‘Politics and Business’. The type of news report has changed from neutral to positive and the news reporting is more visually aided with photographs and pictures. A similar pattern is noticed in the foreign investments by institutions which have grown over a period of time. This clearly indicates the existence of a relationship between the positive news coverage by independent media and a rise in the amount of investments made by foreign institutions. Research Limitations/ implications: The study is limited to establishing a relationship between the media representation and investments by foreign institutions but the direction and the intensity of the relationship is not established. A lag effect on one year has been considered. Originality/ Value: Observations and comments about India’s changing position as a potential economic power and a positive prospect for investments have been made which is empirically validated by the study. The study also brings out one of the factors which positively impact investments in a developing nation like India. Keywords: India; Investments by Foreign Institutions; Shift in Communication quality and quantity; Globalization.
The last two decades have witnessed unprecedented amount of international capital flows into emer... more The last two decades have witnessed unprecedented amount of international capital flows into emerging economies with an altering trend from official capital flows to private flows, leading to a shift in the nature of the capital flows from long-term to short-term. Concomitant with these trends is the increasing incidence of financial crisis and its contagion effect. The present paper examines the impact of Foreign Institutional Investment (FII) on the variations in the BSE Index, its volume, return, and market capitalization. It also looks into the variations caused in the housing prices [as measured by Consumer Price Index (CPI) of the housing sector and bank credit due to Foreign Direct Investment (FDI) flows]. Monthly data from January 2004 to December 2013 is subjected to a Granger causality approach to investigate the causality between Foreign Institutional Investment (FII) flow, FDI flow and other macroeconomic variables like Foreign exchange reserves, Money supply, and Foreig...
Value for Money The defining characteristic of an educated individual is the one who is aware of ... more Value for Money The defining characteristic of an educated individual is the one who is aware of his rights and handles the associated responsibilities independently and with ease. But this is not true for a country like India where education is considered to be celebrated, lofty and noble. On account of this it often fails to equip the educated with the very basic knowledge and skill of handling the seemingly mundane but essential everyday worldly activities which involve money transaction of some nature. Knowledge and understanding of money is ignored by all forms of formal education beginning right from school where mathematics is considered essential but its applied form is not even cursorily attended to. In all forms of higher education especially professional education, focus is paid to domain knowledge of the relevant profession and skill training is limited to soft skill training encompassing communication and human behaviour training.
Journal (Academy of Hospital Administration (India))
Abstract Purpose: The current study attempts to explore the relevance and importance that globali... more Abstract Purpose: The current study attempts to explore the relevance and importance that globalization has brought to India vis-a-vis the changes in the images and framing made about India by the New York Times between 1985-2010. Design/Methodology/ Approach: The New York Times was taken as a data source and top 25 news reported every year over a span of six years in three phases between 1985-1990 (phase - I); 1995-2000 (phase – II) and 2005 – 2010 (phase – III) was taken to cover the span pre and post globalization. These 450 news reports were analysed to bring out a change in the total quantity of news covered about India and also to know the focus of the news items pre and post globalization. The news was also categorized into good; bad or neutral news type. Chi-square testing was done to statistically validate the hypothesis and check the critical difference between the news coverage made about India by NYT pre-and post-globalization. Findings: The findings indicate an exponent...
Development needs of a country like India are extremely disparate, and therefore a unifocus of fi... more Development needs of a country like India are extremely disparate, and therefore a unifocus of financial and government agencies on investment considering economic returns shall fail to achieve overall development of the country. The gradual trickle of impact investing in India should begin to look beyond the traditional sectors like manufacturing and agriculture towards nontraditional sectors like culture and heritage which involves the affective and cognitive attributes of the community while being a part of its daily chores. If funds are judiciously channelized towards this sector, then a holistic impact on social and environmental growth can be expected along with the economic returns. Tourism and allied industries would be a direct economic beneficiary which would help generate employment, preserve tangible and intangible heritage manifestations and inculcate a sense of pride in the self and social cohesion. The current article presents two conceptual models arguing the higher ...
ABSTRACT Background and Purpose: India opened its doors to globalization in 1991 and the referenc... more ABSTRACT Background and Purpose: India opened its doors to globalization in 1991 and the reference point of this change through globalization has been the United States of America (USA) which champions the cause of a free economy. The current study attempts to explore the relevance and importance that globalization has brought to India through mapping the shifting pattern of mass media coverage of India by the foreign media and parallely marking the shifting patterns in investments made by foreign financial institutions in India, over the last decade and a half. Design/Methodology/ Approach: Top 25 news articles about India reported by The New York Times (NYT), every year, over a span two decades 1991-2010 was taken from the NYT website. The 500 news reports were filtered and news falling in the category of “Business and Personal Finance” (BPF) were used for content analysis and categorised into three broad types – good; bad or neutral. Similarly the investments made by foreign institutions (FII) in India were noted over the same period to explore a correlation between the BPF media reports and the investments made by FII in India. Since media reports do not often have an immediate impact a lag effect of one year was checked. The data was statistically validated. Findings: The findings indicate an exponential rise in the number of news items which NYT carried about India over a period of two decades. There has been a change in the category of news coverage from ‘Arts and Culture’ to ‘Politics and Business’. The type of news report has changed from neutral to positive and the news reporting is more visually aided with photographs and pictures. A similar pattern is noticed in the foreign investments by institutions which have grown over a period of time. This clearly indicates the existence of a relationship between the positive news coverage by independent media and a rise in the amount of investments made by foreign institutions. Research Limitations/ implications: The study is limited to establishing a relationship between the media representation and investments by foreign institutions but the direction and the intensity of the relationship is not established. A lag effect on one year has been considered. Originality/ Value: Observations and comments about India’s changing position as a potential economic power and a positive prospect for investments have been made which is empirically validated by the study. The study also brings out one of the factors which positively impact investments in a developing nation like India. Keywords: India; Investments by Foreign Institutions; Shift in Communication quality and quantity; Globalization.
The last two decades have witnessed unprecedented amount of international capital flows into emer... more The last two decades have witnessed unprecedented amount of international capital flows into emerging economies with an altering trend from official capital flows to private flows, leading to a shift in the nature of the capital flows from long-term to short-term. Concomitant with these trends is the increasing incidence of financial crisis and its contagion effect. The present paper examines the impact of Foreign Institutional Investment (FII) on the variations in the BSE Index, its volume, return, and market capitalization. It also looks into the variations caused in the housing prices [as measured by Consumer Price Index (CPI) of the housing sector and bank credit due to Foreign Direct Investment (FDI) flows]. Monthly data from January 2004 to December 2013 is subjected to a Granger causality approach to investigate the causality between Foreign Institutional Investment (FII) flow, FDI flow and other macroeconomic variables like Foreign exchange reserves, Money supply, and Foreig...
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Papers by Taral Pathak