eChapters

Introduction

One of the main challenges in sustainable farming is determining the patentability of living organisms, including genetically modified crops and biotech innovations. Balancing the rights of inventors and the public’s access to agricultural resources can be so complex the Seed saving and farmer’s rights Seed saving is a traditional practice where farmers save and reuse seeds from their harvest. However, some intellectual property rights (IPR) regimes restrict farmers’ ability to save and exchange seeds, potentially limiting their autonomy and leading to dependence on commercial seed suppliers. Biopiracy and traditional knowledge Protecting traditional knowledge and preventing biopiracy is a significant concern in sustainable farming. Nearby agriculturists and inborn individuals habitually have imperative conventional information approximately plant sorts and rural procedures that’s esteemed, and they are decently compensated for their endeavors. Maintainable advancement became a major worldwide agenda thing within the afterward decades of the 20th century! According to the Brundtland report from 1987: “Our Common Future,” provided the most recognized concept of sustainable development, meeting future demands without sacrificing existing practices to be adopted for future aspects. (Ahmed Abdel-Latif, 2021). While a few Intellectual property rights have been pointed out such as the plant breeder’s rights trademark, security of plant assortments and ranchers’ rights (PPV and FR), topographical signs, and exchange insider facts are exceptionally significant to horticulture. In expansion, format plans for chips particularly planned for farming; logical papers, and tv programs covering thoughts related to horticulture and partnered segments must be considered. (Datta, 2016).

Introduction

In today’s world, where environmental issues are prominent and there’s a growing realization of our planet’s limited resources, the concepts of sustainable harvesting and conservation have become extremely important. They act as guiding principles, directing us to use resources responsibly and to protect the diverse life and ecosystems on Earth. The paper is designed to explore the core principles of sustainable harvesting and conservation, emphasizing their critical importance and the pressing need for a careful equilibrium between utilizing resources and safeguarding the environment. The paper analyzes laws, policies, and delving into Sikkim’s sustainable conservation and harvesting methods, and argues that successful implementation of these strategies presents Sikkim as a model that can be replicated worldwide. Sikkim’s proactive initiatives, such as banning plastic and harmful substances, as well as implementing measures to reduce pollution, showcase a forward thinking approach to environmental stewardship(Sikkim, ND),. These actions set an example for other areas to emulate, promoting a more sustainable and responsible relationship with our natural surroundings.

Introduction

Western world started paying attention to climate change after the Industrial Revolution when collateral environmental problems began appearing with the development. But in India, many shastras gave philosophy of sustainable development before the evolution of many civilizations.

It means that “All this is for habitation by the Lord, whatsoever is individual universe of movement in the universal motion. Man should use all resources by renunciation, he should not see them with feeling of lust”. Here, renunciation means controlled use of resources. It is known as Green Application of the resources nowadays.

Whenever the term ‘green’ is used as an adjective with certain phrases, the said phrase is considered to depict a friendly character with the environment. In this sense, the Cambridge Dictionary defines the word ‘green’ as “relating to or believing in the protection of the natural environment.” For instance, Green Technology, one of those concepts towards which this paper is concerned, will refer to those technologies which are environment friendly. But this won’t help us understand what green technology actually means.

Introduction

The recognition of environment as the desired precondition for human existence and development both by Millennium Development Goals (MDG) as well as Sustainable Developmental Goals (SDG) unquestionably shows its importance and necessity. The impact of climate change is fast getting into our understanding and are realizing the enormity of the situation. Consequently, global environmental issues are a growing concern among the people and communities of various regions today. The impending ecological disasters have forced the right-thinking people and organizations to seek an alternative in the form of managing natural resources without jeopardizing the developmental activities. The challenge is to enhance the standard of living compatible with ecology and environment. This underlines rather unquestionably the need to pursue a line of lifestyle and development design that is compatible with nature and the issue of the environment cannot left to languish at the bottom of priorities.

Introduction

Agriculture has always been linked with prosperity, man power and the ability to feed and raise human population. In earlier times, humans as man power were deployed on the fields to do all the necessary operations to cultivate the crops, but during the industrial revolution, with development of different farm machines the uses of human labor on the fields were drastically decreased. Further, with advancement of technologies and more availability of computers, Artificial Technology (AI) has been gaining momentum in recent years.

AI has the potential to transform the agricultural sector through cost reduction and increased crop yields, and minimizing environmental impacts. AI can help farmers better manage their land, improve crop quality, and increase their productivity In addition, AI can be used to monitor and analyze the health of crops, livestocks, and soils to identify issues and assist in their resolution. The primary idea of using artificial intelligence in agriculture is due its adaptability, superiority, and cost-viability. The customary techniques that were utilized by the farmers were not adequate enough to satisfy their necessities. (Khan et al. 2022) With the right implementation and technology, AI can be an invaluable tool to help farmers increase their efficiency and profitability. In today’s rapidly evolving world, where the demand for food continues to escalate amidst concerns over environmental sustainability and resource scarcity, Artificial intelligence (AI) has become a transformative force in agriculture, from optimizing crop production and resource management to enhancing decision-making processes. Globally, AI is changing how we approach farming techniques.

Introduction

Work-dwelling or workplace well-being describes all aspects of the working lifespan of workers from the point of view of quality, safety and physical environment. It pronounces the workers’ feelings about their work, their working environment, the climate at work and work organization. According to WHO (2010), a healthy workplace environment not only merely finds the absence of illness but also a state of comprehensive physical, mental and social comfort. Work and health hence have a reciprocal relationship that concerns occupational health wellbeing and confers decent work environments i.e. (i) payment of reasonable income; (ii) safety-security in employment and working environment; (iii) guarantee of equal opportunities and treatment for all; (iv) enclosure of social protection for the workers and their families; (v) offering prospects for personal development and inspiring social integration and (vi) allowance of workers to express their apprehensions and to organize (ILO, 1999). In the entrepreneurial sphere, globalization along with fast industrial progress is supposed to be accountable for occupational health hazards and related workplace ill-being, work insecurity, the lack of protection for workers’ health and well-being in the form of work-related accidents, illness and stress, lack of workers’ compensation and paid sick leave, lack of maternity protection, excessive hours of work, etc.(https://www.ilo.org/). This was evidenced in the recent report of ILO (2023) where it was found that 2.3 million people around the world surrender to work-related accidents or diseases every year which links to over 6000 deaths every solitary day (www.ilo.org). Subsequently, there are about 340 million occupational accidents where 160 million are fatalities of work-related illnesses annually in the World.

Introduction

Financial inclusion has become a global agenda because it is now well recoganised that a nation can prosper only if it ensures inclusive growth. Financial access and use of formal financial system, the means of financial inclusion, have positive association with inclusive growth (Levine and Demirguc-Kunt, 2008). The financial systems which are more inclusive have provided broader access to appropriate financial services to ensure that the benefit can be availed by poor and disadvantaged sections of the society (Akter, 2016). Since, financial inclusion is the process of ensuring availability of f inancial services and well-timed and sufficient credit as required by vulnerable groups such as low income segment and weaker segment of the society at an affordable cost (Rangarajan Committee on financial inclusion, 2005). Thus, the study of financial inclusion on the basis of socio economic factors is the key to investigate individual characteristics associated with financial inclusion (Allen, Kunt, Klapper, Peria, 2012). Understanding financial usage on the basis of socio economic factors enables framing appropriate financial inclusion strategies to achieve financial inclusion in real sense. Many international agencies like International Monetary Fund, Asian Development Bank, World Bank release data on financial inclusion around the world. Global findex report is published by World Bank after the interval of every three years to present the picture of financial inclusion on various socio economic parameters. Around the world, 74% adults, 72% female, 70% income poorest population, 63% out of labour force population and 66% rural population report to have account at formal financial system (World Bank Global findex report, 2021).

Introduction

No revolution occurs without disruption. Its effects break down traditions, behavior, relationships, ways of thinking, and methods of education. (Barreiro, 2021) throughout history, from the hunter-gatherer era to the present day humanity has experienced multiple industrial revolutions impacting both social and economic domains. The latest industrial revolution, which has ushered in digital transformation and enhanced productivity at reduced costs, introduces a new lifestyle distinct from our traditional daily routines. It also aims to foster a more sustainable overall environment. (Javaid et al., 2022).

The rise of Industry 4.0 is fueled by both rapid technological advancements and various social and economic factors. Central technologies propelling Industry 4.0 include wearable, augmented reality, simulation, autonomous vehicles and robots, additive manufacturing, distributed ledger systems like block chain, big data analytic, mobile computing, and cloud computing. These technologies influence and facilitate the development of new and innovative business models. (Industry 4.0 Implications for Higher Education Institutions 2019)

The advent of Industry 4.0, characterized by the integration of advanced technologies has revolutionized various sectors, including higher education. As these technologies reshape industries, they also redefine educational paradigms, creating a more interconnected, efficient, and personalized learning environment. This transformation, known as Education 4.0, responds to the demands of the Fourth Industrial Revolution by preparing students with the skills and knowledge necessary to thrive in an increasingly digital and automated world.

Introduction

Indian economy is basically an agrarian economy. In spite of all challenges and difficulties faced over the years, the sector still serves as the lifeblood of the nation, by standing as the major source of livelihood for over half of the population by guaranteeing food security for its teeming millions. A significant contribution to the GDP of the nation is still ensured by the agriculture sector. The development of a nation highly centres on its primary agriculture sector and Indian economy have a much diverse dependence on the agriculture sector in terms of its growth and development. The nation straightaway necessitates a tremendous shift entirely to sustainable agricultural practices in its development trajectory.

Despite its undeniable significance and praised role, Indian agriculture currently faces multifaceted challenges, which significantly restrict the production and productivity level of the sector as a whole and the farmers in particular. Its high time that the Indian agriculture sector, which stands as the backbone of the nation needs to go through a looming transformation. The industry 4.0 revolution is a vibrant platform for the sector to make a complete transformation. The traditional face of the sector will transform towards a modern makeover by taking up technological advancement and digitalisation. The wider transformative opportunities will ensure a return of the Indian agriculture sector to the forefront in the nations growth and development.

Financial inclusion, which is the process of accessing and properly utilizing formal financial services, is an important factor in powering economic development and poverty reduction. Study undertakes a broad cross- country analysis of financial inclusion and its impact on social and economic factors. Applying data from respectable bodies like World Bank, International Monetary Fund, Eurostat and United Nations Development Programme, the study applies regression analysis and fixed effects models to determine how income, employment, income inequality, urbanization and human development affect financial inclusion. The outcomes show the complicated interplay between these actors and financial inclusion over various national situations.Financial inclusion is becoming a key component of equitable economic development and poverty alleviation worldwide. The importance of financial inclusion is undisputed, but its causes must be identified. This research article uses a comprehensive cross- country analysis to explain how various civilizations utilize financial services. The study will examine the relationship between financial inclusion and its key socio-economic factors— income levels, employment dynamics, income inequality, urbanization trends, and human development—to inform inclusive economic development policymakers, researchers, and practitioners. The data demonstrates that financial inclusion promotes economic development by helping people save, invest, and manage risk. Additionally, academics have focused on socio-economic issues including income distribution, urban-rural divide, and education level in shaping financial inclusion patterns within and within nations. These characteristics’ effects on financial literacy are yet unknown, thus more empirical study is needed to develop evidence-based policy.

Introduction

A vision of the industrial landscape of the future that emphasises safeguarding society and the environment has lately surfaced as the “Industry 5.0” idea. People collaborating with robotics and intelligent machines are referred to as “Industry 5.0.” By utilising cutting-edge technologies like big data, Internet of Things (IoT) and robots can help people operate more efficiently and quickly. The Industry 4.0 pillars of efficiency and automation are given a more human touch through this. It aims to combine the inventiveness and problem solving abilities of human employees with the powers of mechanisation and artificial intelligence, ultimately producing a more productive and adaptable production environment. This paradigm shift emphasises the value of human decision-making and intervention in the industrial context while addressing the drawbacks of complete automation. By fusing the strengths of both robots and humans, Industry 5.0, which is still in its early stages, has the potential to revolutionise several industries. In 1987, the United Nations Commission defined sustainability as addressing the requirements of the present without compromising the capacity of people in the future to address their issues. Sustainability is essential in Industry 5.0, the next stage of industrial development characterised by growing digitization and automation. Within this paradigm, sustainable practices reduce resource consumption, trash, and emission levels, leading to more effective utilisation of resources like materials and energy. Industry 5.0’s commitment to sustainability reduces waste, carbon dioxide emissions, and environmental impacts. Utilising green technologies and eco-friendly practices helps reduce environmental impact

Introduction

Given the interdependence of all ecosystem units and humans, education for supportable sustainable development (ESD) is a crucial educational tool. The Brundtland Report of 1987 also highlights a crucial element when it states that “everyone must have access to the basic necessities of life and the opportunity to realize their dreams of a better life for sustainable development.” In order to alter the prevailing beliefs and attitudes which people have about themselves, society, and the environment, ESD — which is mapped out on the three pillars of the economy, society, and environment—plays a crucial role. The core tenets of ESD are those that support sustainability, including social tolerance, gender equity, intergenerational equity, poverty reduction, and environmental preservation and renovation.

The Rio Declaration, which outlines 27 sustainability principles, makes this claim. As they support the development which is related to education and reorient current education to promote sustainability, these principles can assist governments, society, and educational institutions in routinely classifying information, principles, skills, and values. Globally, education which is related to sustainable development, or ESD, is widely regarded for its substantial contribution to improving livelihoods and advancing society’s transition to sustainability. Although opinions on the viability of sustainable development vary, it is generally agreed that moving toward a sustainable future requires increasing public awareness, education, and training. Notwithstanding the difficulties in defining sustainability, it is evident that many social behaviours— such as those involving pollution, inefficient energy use, water conservation, and other issues—are not sustainable.

The digital age has revolutionized the way we live, work, and interact with the world around us. Digital transformation has become a crucial imperative for businesses of all sizes and industries, enabling them to not only adapt to the changing landscape but also thrive in it. (De Lucas,2021). The rapid advancement of technologies such as 5G, cloud computing, big data, artificial intelligence, IoT, and blockchain has opened up a plethora of opportunities for enterprises to enhance their operations, improve customer experiences, and gain a competitive edge. (Anjali et al, 2023). Businesses can increase their reach, automate jobs, obtain insights from data, personalize services, and streamline procedures by utilizing these technologies. They must reconsider their business models and implement more flexible and agile strategies in response to these exponential changes. (Bansal et al, 2020, Fenech et al, 2019).

Introduction

In the annals of history, the term “Renaissance” evokes images of a time marked by profound cultural, artistic, and scientific rebirth. The Renaissance of the 14th to the 17th century was characterized by an extraordinary surge in creativity and intellectual achievement, which laid the groundwork for the modern world. Today, we find ourselves at the cusp of a new Renaissance—a Digital Renaissance—propelled by the rapid and relentless advancements in technology. This new era, like its historical counterpart, is marked by a transformative shift that is redefining every aspect of human life, from how we work and communicate to how we learn and govern.

This chapter delves into the essence of this transformative era, exploring the fundamental technological innovations reshaping our world and their far-reaching impacts on society. We will examine the pivotal technologies driving the Digital Renaissance, including artificial intelligence, blockchain, the Internet of Things (IoT), and other emerging technologies such as virtual and augmented reality and 5G networks. By understanding these technologies and their applications, we can appreciate how they collectively contribute to a digital transformation that is as revolutionary as the artistic and scientific achievements of the past.

Introduction

Artificial intelligence (AI) became one of the 21st century’s most technologically disruptive innovations very quickly. The effort to be at the leading edge of AI discovery and development is becoming more intense as the field develops. The rapid advancement of artificial intelligence (AI) technology has sparked significant interest and debate across various sectors, including higher education. From personalized learning experiences to data-driven insights, AI offers a multitude of opportunities for optimizing educational processes and enriching student outcomes. In this reframed exploration, we delve into the transformative potential of AI within higher education and its multifaceted utilization across various domains. AI accelerates scientific research and knowledge discovery by analyzing vast datasets, identifying patterns, and generating insights that fuel innovation. Natural language processing (NLP) algorithms facilitate literature reviews, automate data analysis, and assist in hypothesis generation, empowering researchers to make breakthroughs across disciplines. AI-driven tools empower educators with innovative methods for teaching and assessing student progress. Automated grading systems, virtual tutors, and intelligent tutoring systems streamline administrative tasks, provide real-time feedback, and enable instructors to focus more on personalized instruction. AI streamlines administrative processes within higher education institutions, from admissions to alumni engagement. Chatbots handle inquiries, virtual assistants aid in course scheduling, and predictive analytics optimize resource allocation, enhancing operational efficiency and cost-effectiveness.

Introduction

The successful combination of technology and finance, commonly referred to as Financial Technology (henceforth, FinTech), can be understood as “technology enabled financial innovation” that may result in new business applications, models, products and/or processes, that create manifold material impact on f inancial markets and provision of financial services (Schueffel, 2016).

FinTech presents a promising prospective of bettering the situation of financial inclusion in developing countries like India by leveraging on technology in an innovative manner. Inclusive growth can be achieved through FinTech by means of broad-based prosperity, reduction in transaction costs and better access to financial services to the underserved (Sahay et al., 2020). In this context, Fintech companies are institutions applying technological innovations to increase efficiency and create enhanced access to the finance industry. There has been tremendous growth of such companies in recent years and it has also captured the interest of investors alike.

Introduction

Virtual supply chain management is the digital representation of inventory data that the managers manage from anywhere in the world. In the 1980s, when the proliferation of computers gave more importance to the human resource, f inance, and manufacturing units communicating with each other for better quality work, that led to enterprise resource planning, and slowly each task of supply chain management started virtualizing in its full length.

A virtual supply chain has advantages such as better inventory control, shorter lead times, quicker order fulfilment, increased supply chain visibility, more accurate demand forecasts, and higher customer satisfaction. It gives businesses the ability to make the most use of their resources, cut expenses and lessen waste throughout the supply chain.

However, putting in place a virtual supply chain calls for thorough planning technology integration, and network-wide process alignment. Overcoming obstacles like data security, interoperability, and change management are all part of it. To fully reap the rewards of a virtual supply chain, businesses must also invest in technical infrastructure, training courses, and partnerships.

Introduction

Stocks from different firms can be traded and listed on the stock market. In addition, the stock market evaluates listed firms based on their worth, effectiveness, profitability, and capability. Anybody can trade shares on the stock market, which is an open global market. GDP is the total amount of profit produced in a country over a given period. To develop products and services in a country to a plausible degree, it is helpful to measure the monetary policy of completed goods and services that are acquired for a single end consumer. It comprises all earnings generated inside a country’s borders. The GDP of any nation may be used to determine the size and state of that nation’s economy. GDP is a measure of a nation’s total production and performance and is used as a gauge of economic health. Strong GDP growth frequently signals more consumer spending, corporate profitability, and company expansion, all of which are positive indicators of optimistic mood in the stock market. On the other hand, a slow GDP growth rate might undermine investor confidence and cause stock values to decline.

Introduction

The rapid growth and socio-economic upliftment of a developing country are directly related to the intensity of industrial growth of that country (Bastian et al., 2019; Kniivila, n.d). The emergence of new enterprises is the main source of a healthy and growing industrial ecosystem. They represent 99% of businesses in developing countries and account for two-thirds of employment creation (Secretary-General and UNCTAD, 2022). Enterprises hence create employment, drive inclusive growth, promote innovation, and improve socio cultural conditions along with addressing sustainable development goals- No poverty(SDG-1), Industry, innovation and infrastructure(SDG-9), Reduce inequality(SDG-10)of the UN’s 2030 agenda (Forbes, 2022; Secretary-General and UNCTAD, 2022). Their innovative outputs in the form of goods and services, address local as well as global requirements of the customer market and bring them on the path of sustainability (Szopik-Depczynska et al.,2018; Rivera et al.,2020). The entrepreneurs have a long vision of success, engaging their primary activities with No poverty (SDG-1), Zero hunger(SDG-2), Gender equality(SDGs-5), Decent work and economic growth(SDG-8), Industry, innovation and infrastructure(SDG-9), Reduce inequality(SDG-10), Responsible consumption and production(SDG-12), Climate action(SDG-13), Partnership for goals(SDG-17) and addressing challenges of society and the environment in return for optimal economic profit (Alagpuria,2021; Lammers et al.,2022; Secretary-General and UNCTAD,2022; Vig,2021; Del-Aguila Arcentales et al.,2022; Sadiq et al.,2022).

Introduction

Chemical exposure in the workplace is a prevalent concern across various industries, including manufacturing, agriculture, healthcare, and construction. These exposures can range from acute to chronic and involve many substances, from heavy metals and solvents to pesticides and industrial chemicals. While the physical health effects of chemical exposure are well-documented, the psychological impacts are less understood but equally significant. Psychological stress is a response to perceived threats or challenges characterized by physical, emotional, and cognitive symptoms. Theories such as the Transactional Model of Stress and Coping by Lazarus and Folkman emphasize the role of individual perception and coping mechanisms in stress experiences.

The modern industrial landscape is characterized by ubiquitous chemicals, ranging from benign substances to potentially hazardous compounds. As industries strive for higher productivity and efficiency, the workforce is frequently exposed to various chemicals. This exposure is not without consequences; while the physical health effects of chemical exposure have been extensively studied, the psychological impacts are less understood. Emerging research indicates that chemical exposure can significantly contribute to psychological stress, affecting worker health, productivity, and overall well being.