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Title: Financial Performance Evaluation of NSE AND BSE: A Comparative Assessment of Revenue Structure, Operating Efficiency, and Profitability (2020–2025)

Abstract: Stock exchanges play a crucial role in today’s financial systems by providing platforms for raising capital, enhancing market liquidity, and fostering economic growth. The National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) in India have witnessed a sea change in the last decade due to technological advancements, regulatory reforms and increasing retail participation. They are regulated in the same way but differ in their revenue models, operating efficiencies and profitability. The present study has made a comparative analysis of the financial performance of NSE & BSE for the period 2020-2025 with the help of secondary data collected from the annual reports & financial statements. Various approaches such as trend analysis and comparative ratio analysis are studied for key performance indicators such as revenue growth, operating margin, and return on equity. Initial results show NSE is operationally more efficient and profitable mainly due to its dominance in the equity derivatives and technology-based product market. By contrast, BSE has focused on innovations in SME listings and mutual fund platforms, but its scale is small. This research adds to the literature on financial market infrastructure by providing insight to regulators, investors and researchers.

By Shamshad Khan, Arvind Kumar Yadav
In Volume: 15,Issue: 1
Title: The Dynamics of Broadcasting Law and Reality TV in India: Legal and Ethical Challenges

Abstract: In India, television reality programs have become a popular genre thanks to its relevant themes and lively content. But their quick expansion has spurred discussions about moral behavior, the effects on society, and legal issues. With an emphasis on reality television, this essay critically evaluates India's broadcasting laws and regulations, assessing how well they handle issues with participant exploitation, content manipulation, and cultural deterioration. The paper explores the legal framework that governs broadcasting in India, including the Broadcasting Content Complaints Council (BCCC) and the Cable Television Networks (Regulation) Act, 1995. It draws attention to the shortcomings of current legislation, which is vague in addressing the subtleties of reality programs and results in problems like manufactured narratives, participant psychological suffering, and transgressions of decency standards. These difficulties are highlighted by case studies of well-known programs like Bigg Boss, Indian Idol, and Roadies, which offer insights into the sociocultural ramifications of such programming. The study also identifies areas for improvement by contrasting India's broadcasting laws with international regulatory standards. Among the recommendations are the introduction of specific rules for reality television, the reinforcement of self-control systems, and the encouragement of media literacy among audiences. Reforming broadcasting laws in the digital age is essential, according to the report, which promotes a balanced strategy that protects the public interest, participant welfare, and creative freedom. By emphasizing the necessity of strong controls in India's changing media landscape, this study seeks to advance the conversation on media ethics and policy.

By Jyoti Rawat Lohiya, Sarika Tyagi
In Volume: 15,Issue: 1
Title: The Theory and Practice of Conceptual Aspect of Democracy - A Critical Review

Abstract: Democracy is a way of life. It provides “Possibility of concurrence in action without the preliminary necessity of shared religion, moral conviction or political program. The democratic temper may lead to readiness to accept an other’s truth to be as good as his own, and therefore to enter into community, so far as it is possible to secure a reconciliation. ‘Democracy is traditional to level for the so called fundamental issues, which in any view, remain fundamental even if a number of schools apparently consider them obsolete’. The expressions ‘democracy’ and ‘democratic’ have been used in varying senses in different countries and in many places have been subjected to denote the state of affairs which is in complete negation of the meaning in which they are understood. The three spheres of Democracy are Political, economic and social. Political democracy means the Government by the people, economic democracy connotes the control of the means of production and social democracy means the abolition of social Privileges.

By Surendra Nath Yadav
In Volume: 15,Issue: 1
Title: Innovative Business Models in Supplying Energy Finance as a Service and Leasing in México

Abstract: This research report examines innovative business models in energy finance as a service (EFaaS) and leasing mechanisms within the Mexican energy sector. As México transitions toward renewable energy and sustainable development goals, novel financing structures have emerged to overcome traditional barriers to energy infrastructure investment. Results demonstrate that energy leasing and service-based models have achieved significant market traction, particularly in commercial solar photovoltaic installations and energy efficiency projects. Findings reveal that successful models incorporate flexible payment structures, comprehensive maintenance services, and performance guarantees that align incentives between service providers and clients. The discussion addresses regulatory enablers, financing innovations, and technology integration strategies that facilitate model adoption. The report concludes that EFaaS and leasing models represent transformative mechanisms for accelerating Mexico's energy transition, with implications for policy development, financial sector engagement, and sustainable infrastructure deployment.

By José G. Vargas-Hernández, Dra. Patricia Villasana-Ramos, M. C. Omar C. Vargas-González
In Volume: 15,Issue: 1
Title: Technology as a Catalyst for Global Change: Innovation, Equity, and Sustainable Transformation

Abstract: Technology has emerged as a transformative force shaping global development, social equity, and environmental sustainability. From artificial intelligence and digital health systems to renewable energy and smart infrastructure, technological innovation is redefining economies, governance, and human well-being. However, unequal access to digital resources, infrastructural disparities, and ethical challenges continue to widen global inequalities. This chapter explores how technology functions as a catalyst for global change by examining its role in innovation ecosystems, social inclusion, and sustainable development. It critically analyzes digital transformation across sectors such as healthcare, education, industry, and environmental management, while addressing issues of digital divide, data governance, and ethical responsibility. The chapter further aligns technological advancements with the Sustainable Development Goals (SDGs), emphasizing inclusive innovation and policy-driven transformation. Through conceptual frameworks and global case illustrations, it proposes a balanced pathway that integrates innovation with equity and sustainability. Ultimately, the chapter argues that technology, when guided by ethical governance and inclusive policies, can serve as a powerful instrument for achieving resilient and sustainable global futures.

By Neha Soni
In Volume: 15,Issue: 1

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