eChapters

Introduction

The smooth functioning of an organisation depends on its financial resources. For a newly established venture, it is important to accurately predict its financial requirements for the purpose of raising funds and assessing the profitability of the proposal. While the major investment in an organisation could be for short term and long-term purposes, there are multiple sources from which these funds could be raised. The conventional sources mainly include commercial banks and other financial institutions; non-conventional sources include lease financing, angel investors, venture capitalist firms, factoring, and bill discounting.

Finance is the basic requirement for the smooth functioning of any organisation. Finance is required to meet the short-term and long-term requirements of a f irm. While the short-term fund is required to meet day-to-day expenses, long term funds are required for the acquisition of long-term or fixed assets that would yield benefits in the future, financing the permanent part of working capital, and for the growth and expansion of a business.

The quantum of both finances depends upon the nature and size of the business’s organisation, and the sources from which one acquires these funds also have a multi-dimensional range.

In today’s innovation driven economies, turning a great idea or new technology into something investors want to fund takes careful planning. This process is called investor readiness. which means making sure the idea works, has a market, and is presented in a way that makes investors feel confident. Therefore, Investor readiness means the preparedness of an innovation to attract and secure investment from potential investors. It has all the essential parameters in place that an investor would evaluate before deciding to invest. For inventors, this means showcasing innovation’s business potential, potential for growth, and the capability to provide a return on investment. Understanding investor readiness is important because it directly influences scalability and growth of invention. Even the most innovative ideas can struggle to find the financial benefits without showcasing business potential.
Why it is important to discuss investor readiness
Investor readiness is the state in which a technology, its value proposition, and its founding team are significantly prepared to engage with securing funding from potential investors. Without investor readiness, even high-potential innovations may fail to reach the market due to gaps in business clarity, legal assurance, or team maturity. TTOs play an important role in this process by acting as intermediaries between inventor and investors. Modern day TTOs are more inclined to prepare technologies and associated teams to attract investment. This expanded mandate of TTOs and brought in investor readiness. It requires a wellstructured approach focused on aligning academic innovations with investor expectations. TTOs help in creating this readiness by guiding researchers through commercial pathways, derisking technologies, and translating technical advancements into investment suitable.

Introduction

‘IP’ refers to unique, value-adding creations of the human intellect that results from human ingenuity, creativity and inventiveness. An IP right is thus a legal right, which is based on the relevant national law encompassing that particular type of intellectual property right. Such a legal right comes into existence only when the requirements of the relevant IP law are met and, if required; it is granted or registered after following the prescribed procedure under that law. All countries around the world have a national legal system of intellectual property rights which has developed over varying periods of time during the last 150 years or so. It has enabled the grant of property-like rights over such new knowledge and creative expression of mankind, which has made it possible to harness the commercial value of the outputs of human inventiveness and creativity. This is usually done by its orderly use, exchange or sharing it amongst various types of business partners in a complex network of strategic relationships that generally work harmoniously during the new product development process for creating and marketing new and improved goods and services in domestic and export markets.

IPR is a tool for Innovation and reward for it. Innovations are concerned with the commercialization of new ideas; in contrast, an ‘invention’ may not be directly associated with commercialization. As such, innovation may be seen as a process of interaction and feedback during the various stages of the new product development process. An invention is considered as the generation of a new idea or knowledge, which aims to solve a specific technical problem. Inventions could relate to products or processes and are characteristically protected by trade secrets, utility models/petty patents or patents. Utility models/petty patents or patents are granted/registered under the relevant national/regional law by the relevant national or regional patent office. As not all inventions are commercialized, so it is clear that not all inventions result in innovations.

Keeping in view the importance of intellectual property rights and their protection, Journal of Intellectual Property Rights (JIPR) was started in 1996. The objective of the journal is enhancing communication between policy makers, organizational agents, academics, and managers on the critical understanding and research on intellectual property; and to promote the development of the newly cultivated research field. The journal publishes contributed/invited articles, case studies and patent reviews; technical notes on current IPR issues; literature review; world literature on IPR; national and international IPR news, book reviews, and conference reports.

JIPR is covered in the abstracting/ indexing services namely Scopus, EBSCO host Electronic Journals Service, Directory of Open Access Journal, Library & Information Science Abstracts database and Legal information Institute of India database.

ABSTRACT

This paper attempts to portray prevailing scenario of IPR in the light of globalization with special emphasis on harmonization of IPR systems and laws of different countries. 

INTRODUCTION

The globalization of information, facilitated by the Internet, has significant implications for intellectual property regimes of national and international levels. Assessment of these implications and their probable outcomes is unavoidably value-driven. Globalization represents ever-increasing influence of developed nations and transnational entities over developing and less developed nations. The process has also brought in significant changes in understandings of sovergenity. An analysis of the implications of globalization of information on international and domestic intellectual property rights and legal regimes is a complex endeavor.

ABSTRACT

This paper discusses IPR concepts in the light of Indian culture and issues emanating from enforcement of those concepts in developing countries such as India.

INTRODUCTION

The adage “Knowledge is wealth” suits the present era well than any other period. India is known for its innovative thoughts since ages. However, it never monopolized the knowledge it possessed. In India, the knowledge of a person is thought to be utilized for the benefit of the society as an obligation of the knowledge holder. Does this mindset of Universal humanity (Vasudevo Kudumbagam) and common good (Sarva Sugino Bavandu) would benefit us in the materialistic society? This paper is an attempt to answer this query.

Abstract

In the present paper an attempt is made to study the job inspirational element of employees of Small and Medium Enterprise’s, Guntur.  It is well known fact that job satisfaction plays major role in satisfying an employee himself as well as the organization in terms of attaining the needed output.  As job inspirational elements are the deciding factors of job satisfaction, HR managers will have an eagle eye towards in this aspect in the organization that intern has to bridge the gap between the personnel and the management.  The present study attempted to understand the well as the source of recruitment through which they have entered the organization.

I. INTRODUCTION & OVERVIEW

Intellectual property rights may be defined as the legal relationships that arise out of an individual’s creative gifts and the communication to society of his or her intellectual creations. Intellectual property is challenging as well as rapidly widening horizon of law. The purpose of law is to encourage and reward creativity and intellectual effort. The prominence of this branch of law in India is partly due to India’s economic structure and its geographical position in the world. Many international companies operate in India either directly or through licensees or agents. Numerous goods, services, and technological developments have overseas origins. Foreign companies often control their interests through contract but they invariably do so by means of copyright law, obtaining of patents or by registration of trade-marks and designs. It follows that in particular circumstances intellectual property remedies are most convenient method of maintaining control, or at least a useful adjunct to other remedies based on contract. Another important factor is the upsurge in “piracy” that is occurring not only in India but also in almost every other part of the world. Piracy may originate outside India, or, it may also originate in lndia. While devising legal apparatus for the welfare and protection of creative people, we must not lose sight of the public interest in the greatest measure of access to information and culture. Intellectual property rights are significant wealth- creating assets and their protection and commercialization are of increasing economic significance. In past the value of such rights was often overlooked and it is only in recent years that the economic potential of intellectual property has started receiving greater recognition. The dawn of the third millennium which has led to the emergence of knowledge capitalism with emphasis on intangible assets such as knowledge, competencies and intellectual property is a defining movement in the history of mankind. It is a defining moment in the history of mankind because the historical forces set in motion by the digital revolution has spawned a new civilization characterized by path breaking inventions and technological innovations and the opening up of the electronic frontier. It is an age of digital renaissance which combines the marvels of the Age of Discovery and the excellence of medieval Renaissance rolled into one. As a result of the information technology revolution there is a transition from industrial society to information society. Convergence of computer networks and communication technologies facilitated by the digital revolution has given birth to Cyberspace which in turn has ushered in knowledge economy. Hence, the intellectual property law faces challenges. In this background the concept, nature and development of intellectual property rights are proposed to be examined. The paper will be divided into V more parts. Part II of the paper will outline the meaning concept of intellectual property and range of subject matter protected by law, part III will examine the jurisprudential justifications of intellectual property protection, part-IV will explore the evolution and development of intellectual property rights under international law, part-V will demonstrate the evolution and development of intellectual property rights under Indian law. And part-VI will conclude the subject.

Climate Smart Agriculture (CSA) is an integrated approach to managing landscapes—cropland, livestock, forests, and fisheries—to address the interlinked challenges of food security, climate change adaptation, and mitigation [FAO, 2023]. In the context of the Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP) Member Countries, which span diverse agro- ecological and socio-economic landscapes across South Asia, Southeast Asia, and the Pacific, CSA emerges as a pivotal strategy for fostering climate- resilient rural development [CIRDAP, 2023]. These countries, including Bangladesh, India, Indonesia, Pakistan, Vietnam, and others, face significant climate vulnerabilities such as rising temperatures, erratic rainfall, extreme weather events, and sea-level rise [IPCC, 2022]. CSA offers a framework to enhance agricultural productivity, strengthen resilience, and reduce greenhouse gas emissions, aligning with the region's Sustainable Development Goals (SDGs) and rural livelihoods improvement [UN, 2023]. The contribution of agricultural GHG emissions

a. Dairy entrepreneurship

A dairy entrepreneur is a person who undertakes dairy based activities such as rearing of milch animals, production of milk, processing of milk, manufacture of milk products and marketing of milk and milk products and also involved in buying and selling of other inputs of dairy business. He finds ways and means to create and develop a profitable dairy business. Dairy entrepreneurs see their farming as a business and as a means of earning profits. So they are willing to take calculated risks to make profits and to grow their businesses. They are also motivated to improve dairy production through mechanization and application of technologies in the field of dairy and allied enterprises.

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

The Government of India created a historic act, by enacting the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the largest employment generating programme in the world, ensuring the right to work in a country with a population of over one billion. The Government of India passed the NREGA 2005, (Central Act No. 42 of 2005). NREGA was renamed as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) on October 2nd, 2009. MGNREGA is the first ever law, in the world that guarantees wage employment at an unprecedented scale. This Act gives legal guarantee of at least one hundred days of wage employment in a financial year to a rural household, whose adult members volunteer to do unskilled and manual work. The Act is applicable in the Districts notified by the Government of India, the implementation of the Act calls for the formulation of Rural Employment Guarantee Scheme by the State Governments.

The key processes in the implementation of MGNREGA are the adult members of rural households submit their name, age and address with photo to the Gram Panchayat, which in turn registers households after making enquiry and issues a job card which contains the details of adult member enrolled and his/her photo. Registered person can submit an application for work in writing (for at least fourteen days of continuous work) either to Panchayat or to Programme Officer, who will accept the valid application and issue dated receipt of application, letter providing work will be sent to the applicant and displayed at Panchayat office. The employment will be provided within a radius of 5 kilometers and if it is above 5 kilometers extra wage will be paid. If employment under the scheme is not provided within fifteen days of receipt of the application, daily unemployment allowance will be paid to the applicant.

Definition-Importance of keeping a lab record-Features of a lab record - Contents of lab record-Guidelines for keeping a lab record

Definition

It is a primary record of research. Researchers use a lab note book to document their hypotheses, experiments and initial analysis or interpretation of these experiments.

Laboratory Record

The following is a general description of how to keep a proper laboratory notebook. Requirements for different teaching, research, clinical, or industrial labs will most likely vary. Some institutions/labs will require less stringent record keeping, others will hold you to a very strict protocol. A well kept notebook provides a reliable reference for writing up materials and methods and results for a study. It is a legally valid record that preserves your rights or those of an employer or academic investigator to your discoveries. A comprehensive notebook permits one to reproduce any part of a methodology completely and accurately.

Introduction

Enhancing productivity and profitability are two major factors of agricultural growth for the future. Over dependence on monsoon and limited scope for area expansion made agriculture development is critical to generate employment and additional income for the rural poor. Major part of agricultural population is small and marginal farmers who are economically vulnerable and poor. The consequence of inclement weather on crop production affects ultimately livelihoods of farmers. In the changing scenario improvements in farmers’ productivity and profitability, diversification of agriculture have been acknowledged to enhance profit, generate additional employment for rural masses and to conserve the natural resources.

Integration of different component at farm level is the need of hour to enhance the profitability of agriculture production system. Jharkhand state a resource rich state wheremonocroping in rainfed agriculture with small undulated upland is in practice. Rural economy is mixed type where forest produce particularly lac play important role. To enhance rural economy, integration of agriculture with forest based intervention appears to be viable option to enhance profits and productivity of upland which is almost sixty percent of total cultivable land. Even though moisture is available during Rabi free grazing made imperative cultivation of second crop. Continuous aberrant weather demand the inclusion of forest resources to be exploited in diversified and integrated manner as forest interventions require little water.

I. MANDATE OF COPYRIGHT LAW

The importance of intellectual property rights has arisen in recent years to a great extent. The law of copyrights protects original forms of expression i.e. Novels, Movies, Musical compositions and computer software etc. Earlier it was mainly confined to the -published Work and owner of it could prevent others from getting it published in the form of books or articles in order to get benefit in terms of money or goodwill or reputation. In case of such undue enrichment, the owner had a valid cause of action. The owner of the copyright has a valid cause of action against the violator. At present even in case of its adoption and translation or abridgement, it is obligatory to have consent of author. The main purpose and object of copyright law is to protect the expression in any other form from unauthorized use. Since 1847, the copyrights law is in developing stage so, many legislations has been enacted.1 With the changing of times, the meaning of expression also changes and the style of exhibit the things also changed. The right of author who gives expression in any form is protected from unauthorized use.

Advertising plays a crucial role in modern business, influencing consumer behavior and shaping market trends. However, the power of advertising necessitates a framework of laws and ethical guidelines to ensure that messages remain truthful, fair, and socially responsible. This chapter explores the legal and ethical considerations in advertising, highlighting key regulations, ethical principles, and real-world implications.

In production one or a combination of the following relationship are commonly observed:

1. The law of constant marginal returns (productivity)

 2. The law of increasing marginal returns (productivity)

 3. The law of decreasing marginal returns (productivity)

Abstract

Leadership behavior is seen in every group of social animals like elephant, honey bee, human being, etc. Initially people thought this behavior as inborn character and only few lucky people possessed it. But now it has been proved that this character can be developed by interested people through systematic training. In every family parent are playing the role of either leader or manager and being a role model gradually transmitting this behavior to their children from childhood itself. Training begins at home of every successful leader.  In this article the characteristic features of leaders, style of their functioning, leadership theories and the difference between a leader and a manager are discussed in details. Important tips have been mentioned to follow for becoming a good and successful leader.

10.1 Introduction

Least square theory is a statistical technique used to estimate the parameters involved in the regression model in such a way that the sum of squares of errors (residuals) is minimum (least). We have generally two methods of estimation of population parameters. These are (i) Ordinary least square (O.L.S.) method and (ii) Maximum likelihood (M.L.) method. The method of ordinary least square (O.L.S.) is used extensively in regression analysis primarily because it is intutively appealing and mathematically much simpler than the method of maximum likelihood estimation (M.L.E.). In the context of lineaer regression analysis, the two methods generally give similar results.

I. ROLE OF INTELLECTUAL PROPERTY

The international community has set itself the target of reducing the proportion of people below poverty line to half by 2015, along with associated specific targets for improving health and education and environmental sustainability. The Millennium Development Goals, adopted at various international fora, recognize the crucial importance of reducing poverty and hunger, improving health and education, and ensuring environmental sustainability. It is important to know whether and how intellectual property rights (IPRs) could play a role in helping the world meet these targets — in particular by reducing poverty, helping to combat diseases, enhancing access to education and contributing to sustainable development, protecting our cultural heritage, safeguarding the food security for the country. It is also necessary to deliberate whether and how they create obstacles to meeting those targets and, if so, how those obstacles can be removed.

There are strong views from both sides on the protection and enforcement of IPRs though there is no data to check these views objectively. Some argue strongly that IPRs are necessary to stimulate economic growth, which in turn, helps in poverty reduction. By stimulating invention and new technologies, IPRs help to increase agricultural or industrial production, promote domestic and foreign investment, facilitate technology transfer and improve the availability of medicines necessary to combat diseases. They are also of the view that there is no reason why a system that has worked for developed countries would not work for developing countries. Others argue equally vehemently the opposite. IPRs do little to stimulate invention in developing countries, because the necessary human and technical capacity may be absent there. In assessing these opposing arguments, it is important to remember the technological disparity between developed and developing countries as a group. What role the intellectual property can play to plug this gap is a serious subject for every developing nation? For this, it is also pertinent to know about the IPRs, the challenges they pose to the legal system in general and to the Indian legal system in particular, and their basic rationale to take a considered approach in their implementation.