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Title: Social Responsibility of a Business

Abstract: The phrase “social responsibility of a business”, implies that business should keep in view the social values and public interest while taking business decisions and actions in addition to economic values. The concept of social responsibility is ill-defined and ill-conceived. It is rather difficult task to implement this concept in the society where various groups viz. religions, trade unions, government etc. not fulfill their own responsibility properly.

By Beena Sharma
In Volume: 11,Issue: 2
Title: The Indian Air Force's Technological Development since Its Inception

Abstract: The historical journey of India Air Force (IAF) as an interregnal part of Indian Armed Forces is story of dignity, loyalty and success. It was founded in British India in 1932 but the actual fly started after independence in 1947, on the same time there were severe challenges started to raise from the neighbouring countries to our national security that was very successfully met out by IAF. The present research paper investigates all the process of technological development, battles, special operations and the comprehensive success stories of IAF as well it examines both the security and technological challenges and hurdles to its way. Actually it was a difficult task to cover all the concerning aspects of IAF in such a write- up of word limitations but it’s an effort to analyse major aspects from background to all the contemporary circumstances related to IAF interesting and significant to all.

By Mohd Rizwan*, Aarjoo
In Volume: 11,Issue: 2
Title: Mudra Bank: An Innovative Financial Architecture to Lift the Micro and Small Businesses in India

Abstract: The growth of the Indian economy depends critically on the rise of the non-corporate business sector. The Non-Corporate Small Business Sector (NCSBS), which is the kamadhenu (job-intensive) but credit-starved sector of our economy, is the main source of the issue. 128 million employment and millions of rural and semi-urban entrepreneurs are produced by these 58 million non-formal micro businesses. The performance of this industry directly impacts the national economy. Two- thirds of these facilities are administered by Scheduled Castes, Scheduled Tribes, and Other Backward Classes. Banks, however, only supply 4% of the credit required by this sector. The majority of this sector lacks access to formal funding sources. The Government of India established Micro Units Development & Refinance Agency Ltd. (MUDRA) in order to satisfy the needs of the NCSBS segment, sometimes referred to as the informal sector, and integrate them into the financial system. It will be established as a branch of SIDBI, an organisation that has spent the past 25 years supporting India's small-scale industries. It was established as an apex refinancer and serves as a regulator for "Micro Finance Institutions (MFIs)" for the benefit and development of the micro- and small-business sector. 5.75 crore small business units in India would receive services from the MUDRA bank, many of whom are now unable to obtain loans through the traditional banking system. The purpose of the paper is to draw attention to the MUDRA Yojana, a cutting-edge financial system that has the potential to drastically alter the Indian economy. MUDRA Bank seeks to support micro and small businesses in India through refinancing, aid with development, and financial inclusion of the missing middle.

By Pankaj Kumar Bharti*, Vinay Arya
In Volume: 11,Issue: 2