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Artha March 2025
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Editorial
Dr. Vivek Rajvanshi
We are delighted to present the March 2025 edition of our peer-reviewed e-journal, brought to you by the Finance Research and Trading Laboratory at IIM Calcutta. Artha remains committed to delivering rich insights from both academic and industry leaders, with a strong emphasis on Accounting, Finance, and Governance.....
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Financial Intermediation and Specialized Investment Fund
B. B. Chakrabarti
Securities and Exchange Board of India (SEBI) recently allowed mutual funds to introduce Specialized Investment Funds (SIF) with effect from April 1, 2025. The objective is to develop a new asset class in India between regular mutual fund schemes and portfolio management service (PMS) / alternative investment funds....
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Spreading Financial Literacy in conflict areas: an interview with Héritier KITUMAINI MUTABAZ
Arvind Ashta
In conflict-ridden regions, over 70% of households lack access to basic financial services, leaving millions vulnerable to poverty and exploitation. Can financial literacy be the key to breaking this cycle? If so, how can it be diffused...
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Artificial Intelligence – Its Preparedness and Berth in Corporate Governance
Akinchan Buddhodev Sinha
Human souls have always aspired for better than what they have and this incessant fire of aspiration have engendered innovation and growth in various spheres of economic activities across the globe. Whether it is primary, secondary or tertiary sector, it is the strive to achieve...
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Sustainability Reporting Practices of Select Indian Two-Wheeler Companies
Arijit Saha, Abhik Kumar Mukherjee and Aakash Dhara
Sustainability emerged as an aspect of utter importance nowadays in organizational life. Firms, entrepreneurs and management professionals had been searching more and more ways to integrate a proper stability within the business model in respect....
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Green bonds, not going green in India?
Anamica Awasthi
Corporate governance that is the systems, policies and processes that guide the fundamental decision-making, affordability and risk management; is a critical factor in ensuring the credibility and effectiveness of green bonds. It can ensure proper allocation of funds....
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Market Reactions to Indian General Elections: An Event Study of Central Public Sector Enterprises
Priyansu Gupta
This study investigates the short-term impact of the Indian general elections on the stock performance of 33 Central Public Sector Enterprises (CPSEs) through an event study methodology. The research aims to determine whether election results lead to significant deviations in stock returns....
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