5 research outputs found
Financing of corporate investment: Panel data evidence from indian manufacturing firms (this paper is based on author's Doctoral Thesis submitted to university of Delhi)
No full text
Exploring Multivariate GARCH DCC Model: Investigation into Spillover Effects among Global Financial Markets
No full textThis article examines the impacts of Eurozone crisis, COVID-19 and Russia- Ukraine war on stock market integration and risk contagion for five largest stock markets of developed countries (Hong Kong, USA, UK, Japan, and Canada) in the post financial crisis period. Weekly data from 2010 to 2023 has been tested by employing multivariate GARCH DCC model. We find existence of significant comovement between market returns of five countries during the sample period with a significant contagion effect between all during the Eurozone crisis. However, during the COVID period, existence of risk contagion has been established amongst USA, UK, Japan and Canada. Furthermore, our findings reveal the presence of ‘flight to quality effects’ among all five stock markets during Russia- Ukraine war and also when Hong-Kong stock market is paired with rest four during the COVID period. The results highlight the importance of policy coordination amongst the world’s major developed economies
Book Review : India’s Founding Moment: The Constitution of a Most Surprising Democracy, by Madhav Khosla, (Cambridge, Massachusetts and London, England: Harvard University Press, 2020), xiv + 240 pp., hardback, £36.95, ISBN: 9780674980877
No full textSeventy years after its adoption, the Indian Constitution appears increasingly
irrelevant in adjudication and governance, even as the country plunges deeper into
democratic crisis. Attempts to remind the state of the basis of its existence—for
instance, through mass recitations of the preamble during protests against
amendments to the citizenship law—appear to fall on deaf ears. Viewed in this
context, a return to the promises of the founding moment may offer respite, if not
rescue, from the cynicism of the present. After decades of historical neglect, recent
scholarship on Indian constitutional history approximates this return to origins
through diverse perspectives: the search for lost histories, asin Arvind Elangovan’s
study of the constitutional advisor B.N. Rau (A. Elangovan, Norms and Politics:
Sir Benegal Narsing Rau in the Making of the Indian Constitution, 1935–50,
(Oxford: Oxford University Press, 2019)) and Aakash Singh Rathore’s search for
the author of the preamble (A. Singh Rathore, Ambedkar’s Preamble: A Secret
History of the Constitution of India (New Delhi: Penguin Random House, 2020)),
revisionist accounts of political events, such as Tripurdaman Singh’s, Sixteen
Stormy Days: The Story of the First Amendment of the Constitution of India (New
Delhi: Penguin Random House, 2020), and the recovery of subaltern agency, for
instance in Rohit De’s A People’s Constitution: The Everyday Life of Law in the
Indian Republic (Princeton, New Jersey: Princeton University Press, 2018). In
India’s Founding Moment, Madhav Khosla asks: how did the founders of modern
India institute democratic self-government in the absence of its preconditions
Balance of parties in employment legal relations
No full textDarbinieks kā sociāli un ekonomiski vājāko darba attiecību pusi ir jāaizsargā. Tomēr atsevišķos darba tiesību jautājumu stingrs regulējums pārāk ierobežo abas darba attiecību puses, vai aizskar darba devēja intereses. Darba tiesību regulējums attīstās un laika gaitā likumdevējs pakāpeniski līdzsvaro darbinieka un darba devēja intereses. Autore izvirzīja šādus darba uzdevumus: 1)Noskaidrot ikgadējā apmaksātā atvaļinājuma izmantošanas un uzkrājumu problēmjautājumus; 2)Izpētīt atlaišanas pabalsta darbību Darba likuma 100.panta piektās daļas gadījumā pēc 2018.gada regulējuma izmaiņas; 3)Izpētīt nepilnā darba laika samaksas aspektus; 4)Izpētīt topošus Darba likuma grozījumus. Esošais darba attiecību regulējums ierobežo ar noilgumu darbinieka tiesību izmantot ikgadējā atvaļinājuma uzkrājumu reālās atpūtas veidā darba attiecību laikā, papildus radot darbiniekam kārdinājumu tīši izvairīties no ikgadējās atpūtas izmantošanas, lai saņemtu atvaļinājuma uzkrājuma kompensāciju, izbeidzoties darba attiecībām. Darba devējam atvaļinājuma uzkrājuma kompensācija praktiski vienmēr izmaksā dārgāk, nekā ikgadējās apmaksātas atpūtas piešķiršana sakarā ar darbinieku algu pieaugumu. Līdzsvaru varētu sasniegt, Darba likumā iekļaujot atvaļinājuma uzkrājuma kompensācijas noilgumu. Darbinieka uzteikums svarīga iemesla dēļ un atlaišanas kompensācija pēc 2018.gada regulējuma izmaiņas ir sasniedzis likumdevēja mērķi, līdzsvarojot darbinieka un darba devēja intereses. Pētījuma rezultātā atklāts virziens turpmākajām pētījumam - darba devēja zaudējumu atgūšanas praktiskas iespējas. Minimālā sociālo iemaksu objekta noteikšana faktiski attur darba devēju pieņemt darbā uz nepilno darba laiku darbinieku, kurš nav iekļauts minimālā sociālo iemaksu objekta piemērošanas izņēmumos, ja nepilna darba laika darba samaksa pirms nodokļu samaksas ir mazāka par valstī noteikto minimālo darba samaksu. Topošie Darba likuma grozījumi izraisa diskusiju par virsstundu apmaksas apmēru. Nesakrīt darba devēja un darbinieka intereses. Jautājumā par īsāku darba nedēļu likumdevējs rada kompromisa risinājumu.The employee, as the socially and economically weaker party to the employment relationship, must be protected. However, in certain labor law issues, strict regulation excessively restricts both parties to the employment relationship or infringes on the interests of the employer. Labor law regulation is developing and over time, the legislator gradually balances the interests of the employee and the employer. The author set the following tasks: 1) To clarify the issues of the use and accumulation of annual paid leave; 2) To study the operation of severance pay in the case of Article 100, Part Five of the Labor Law after the changes in the 2018 regulation; 3) To study the aspects of part-time work payment; 4) To study future amendments to the Labor Law. The existing labor relations regulation limits the employee's right to use annual leave accumulation in the form of real rest during the employment relationship with a statute of limitations, additionally creating a temptation for the employee to intentionally avoid using annual leave in order to receive vacation accumulation compensation upon termination of the employment relationship. Vacation accumulation compensation practically always costs the employer more than granting annual paid leave due to an increase in employee salaries. A balance could be achieved by including a statute of limitations for vacation accumulation compensation in the Labor Law. The termination of an employee for good cause and severance pay after the 2018 regulatory changes have achieved the legislator's goal by balancing the interests of the employee and the employer. As a result of the research, a direction for further research has been revealed - the practical possibilities of recovery of the employer's losses. The determination of the minimum social contribution object actually discourages the employer from hiring a part-time employee who is not included in the exceptions to the application of the minimum social contribution object, if the part-time salary before tax is less than the minimum wage established in the country. The upcoming amendments to the Labor Law are causing a discussion about the amount of overtime pay. The interests of the employer and the employee do not coincide. On the issue of a shorter work week, the legislator creates a compromise solution
