RESEARCH HUB International Multidisciplinary Research Journal

Determinants of Financial Distress: Stem from Profitability and Solvency Tribulations

Dr. Sunil Kumar.K.K, Dr. Renjith Mohan.P — Thu, 15 May 2025 00:00:00 -0400

Profitability and solvency tribulations can directly lead to financial distress, which occurs when a company struggles to meet its financial obligations. Financial distress is a situation where a company is not able to meet or face difficulty to pay off its financial obligations. According to RBI’s definition negative working capital, cash loss and negative networth are the factors influencing Distresses. There are lots of causes of corporate failure which includes Profitability, Liquidity and solvency complications. Bankruptcy prediction models are among the techniques and tools for predicting future status of companies which can estimate the bankruptcy probability by compounding a set of financial ratios. This research paper has attempted to device models for predicting probability and solvency of financial distresses among the PSUs working under the Engineering sector in Kerala. In order to evaluate the ratios that can influence group status and quantify their connection, Multiple Logistic Regression analysis tool is administered. The main uses of logistic regression are that prediction of group membership and provide knowledge of the relationships and strength among the variables.

Study of Key Parameters of Water of Vatrak Riverbed of Kheda District Gujarat and Its Impact on Floristic Diversity

Kinjalben Vinubhai Chaudhary — Thu, 15 May 2025 00:00:00 -0400

The Vatrak river is a tributary of the Sabarmati River. It flows for around 243 km in state of Gujarat. Origin of Vatrak river is in hills of Dungarpur, Rajasthan. It enters into Gujarat near village Moydi which is located in Meghraj Taluka of Aravali district. Vatrak flows parallel to Mahi River for 29 km in Rajasthan before entering Gujarat. Direction of the Vatrak river is South-west. It is joined by Mazum river on the border of Kheda District. Vatrak is joined by river Shedhi and Meshwo near Kheda Town. Vatrak finally merge with Sabarmati River at Vautha near Dholka. Maximum length of Vatrak river is located in the Kheda District of Gujarat. This study covers ecological study of surrounding area of Vatrak riverbed. Route of Vatrak river in Kheda district passes through various talukas like Kapadvanj, Kathlal, Mehmdabad, Kheda and Matar. The present study is aimed to analyze the quality of water using certain physio-chemical parameters. These parameters help in understanding the ecology of river system and level of various pollution. Metallic pollution is one of the most serious global problems in the modern time. It is now observed that the pollution of river ecosystem is mainly a function of biologically available metallic fraction rather than the total amount of metal present in water or in sediments. In highly dynamic environment of a river system hydrodynamical, chemical, and biological factors vary greatly with different time scale and along the length of river. Another aim of the study is to analyze the sediments characteristics. Phytoplankton is the most elementary component in the food chain of any aquatic ecosystem. The aquatic food chain is initiated by phytoplankton, which serve as an indicator of good water quality. Phyisico- chemical properties of water greatly affects the productivity of phytoplankton thus affects the flora-fauna species composition, biomass, productivity etc.

Role of Special Drawing Rights (SDRs) in Enhancing Financial Stability for Developing Economies: A focus on India

Monika , Dr. Sangeeta — Thu, 15 May 2025 00:00:00 -0400

This paper explores the pivotal role of Special Drawing Rights (SDRs) in enhancing financial stability for developing economies, with a particular focus on India. SDRs, as reserve assets established by the International Monetary Fund (IMF), provide debt-free liquidity that enables countries to stabilize their currencies and bolster foreign exchange reserves during times of economic distress. The 2021 allocation of SDRs, which infused approximately $650 billion into the global economy, exemplifies their significance in offering immediate financial relief without the burden of repayment. This research highlights the advantages of SDRs over traditional financial instruments, such as their flexible utilization for various economic needs, including fiscal support and infrastructure development. However, it also addresses the challenges posed by the inequitable distribution of SDRs based on IMF quotas, which can leave certain nations, including India, with insufficient support during crises. By examining the macroeconomic impacts of SDRs on India, including enhanced liquidity, expanded fiscal space, and improved creditworthiness, this paper advocates for tailored strategies and reforms to ensure equitable access to SDRs. Ultimately, it underscores the necessity for collaborative efforts among member states to create a more inclusive framework for global financial assistance, enabling developing economies to better navigate economic uncertainties and foster sustainable growth.

Rewriting Ahalya: Subversion of the Myth in Selected Modern Renditions

Pramila Pargi, Dr. Seema Bhupendra — Thu, 15 May 2025 00:00:00 -0400

Myths are powerful tools of perpetuating and reinforcing certain ideologies in a culture specific. But its patriarchal narrative that dismisses women's autonomy and experience remains a subject of feminist studies. This paper explores a few of such contemporary literary and visual texts which reimagine the myth of Ahalya and challenge the traditional patriarchal narratives of sin, purity, and redemption embedded in it. They register voices of protest against patriarchal marks stamped in it, reclaiming her agency and reconstructing the myth for modern audiences. The modern renditions unravel Ahalya as an epitome of patriarchal hypocrisy, its double standards and unjust treatment inflicted upon women. While there are many versions of Ahalya’s tale with a multitude of variations and casted in a variety of art forms, the paper focuses on three short, apt and thought-provoking renditions that turns all the classic tropes on their head and register their resistance in their unique re-appropriation of the myth. The study includes a short story titled “Shilpe-rupini” or “The Stone Woman” (1990) by K B Sreedevi, a prominent Malayalam short story writer and novelist, a short film Ahalya (2015) by Director Sujoy Ghosh and “Ahalya’s Waiting” (2022), a poem by the progressive modern poetess Professor Nandini Sahu. These modern renditions subvert the traditional narrative surrounding the myth and bring forth the rebellious voices of varying intensity against the classical trope of Ahalya: the purity turned polluted – damned to punishment and redeemed only through the severe penance for the sin.

Examining Brand Equity through Loyalty and Quality: A Cross-Sector Analysis

Aastha Chauhan, Dr. Bhag Singh Bodla — Thu, 15 May 2025 00:00:00 -0400

In the contemporary competitive business landscape, brand equity has become a vital strategic asset influencing consumer behavior, market performance, and long-term organizational value. Among its key antecedents, Brand Loyalty and Perceived Quality play a central role in shaping consumer perceptions and enhancing brand strength. This study investigates the impact of these two constructs on Brand Equity across three prominent sectors: Automobile, Banking, and FMCG. Drawing from Aaker’s Brand Equity Model and the Resource-Based View (RBV), the research adopts a quantitative methodology, utilizing a structured questionnaire to collect primary data from 323 respondents. The study employs descriptive statistics, reliability analysis, correlation, and regression techniques to examine the strength and significance of relationships between the variables. The results confirm that both Brand Loyalty and Perceived Quality serve as critical drivers of Brand Equity across all three sectors, underscoring their strategic importance in consumer brand evaluation. This research contributes to existing literature by offering a sector-wise empirical perspective and highlights the need for brand managers to prioritize loyalty-building efforts and consistent quality delivery to strengthen brand equity in a dynamic and diverse marketplace.

COVID-19 and the Transformation of Work Culture in India: A Sociological Review

Sharad Kumar Awasthi, Dr. Satyam Dwivedi, Dr. Onima Sharma — Thu, 15 May 2025 00:00:00 -0400

The COVID-19 pandemic has been a catalyst for unprecedented transformations in work culture across the globe, with India experiencing significant and unique changes due to its socio-economic diversity. This paper provides a sociological review of the changing dynamics of work in India during and after the pandemic. It explores the rapid shift towards remote working, the rise of the gig economy, increased digitalization, and the widening of social inequalities based on class, gender, and urban-rural divides. By applying key sociological theories and reviewing relevant literature, the paper highlights how these transformations have redefined the meaning of work, impacted labour relations, and influenced occupational identities. It further investigates how these changes have differentially impacted various segments of the workforce, such as white-collar professionals, informal workers, and women. The paper concludes with reflections on the long-term implications for Indian society and policy interventions needed to address the emerging challenges.

Households Behaviour on Solid Waste Management in English Bazar Municipality, Malda, India: An Insight from Primary Household Survey

Sampa Saha, Dr. Ranjan Roy — Thu, 15 May 2025 00:00:00 -0400

Household behaviour is necessary to understand to develop effective solid waste management systems, particularly for rapidly developing urban municipalities such as English Bazar Municipality. The aims of the study are to identify the status of household behaviour on solid waste management. This study is based on a primary survey collected through schedules of total 2044 samples. In the study, the purposive random sampling technique is used. It is a cross-sectional study. The household survey was conducted in all the wards in the English Bazar Municipality in 2022-23. Segregation efficiency, recycling rate, waste composting rate, and proper disposal rate are calculated for measuring household’s behaviours on solid waste management, which classified into two categories, i.e. pro-environmentalist behaviours and anti- environmentalist behaviours. The maximum proportion of households (5.80 percent) is found to be pro-environmentalist behaviour of solid waste management at ward 15, followed by ward 13 (5.73 percent), and ward 5 (5.39 percent). The highest proportion of households (68.38 percent) is found to be anti-environmentalist behaviour of solid waste management at ward 27, followed by ward 29 (67.67 percent), and ward 24 (67.33 percent). The lowest proportion of households (59.32 per cent) is found to be pro-environmentalist behaviour of solid waste management at ward 2, followed by ward 3 (59.61 percent) and ward 13 (59.63 percent) in the study area. After analysis of households behaviours on the solid waste management in English Bazar Municipality, it is clear that the households behaviours depends on the waste generation, segregation, recycling, composting, and disposal of solid waste. Different dimension of the behaviour also depends on the socio-economic and demographic factors.