Indigenous Function Research Articles

Los pueblos indígenas en el buen vivir global, un concepto como herramienta de inclusión de los excluidos

Indigenous peoples have been and still are largely excluded from the most important areas of modern society. They cannot participate adequately in politics, economics, education, etc. This exclusion is linked to colonialism and the coloniality of power and manifests itself in the term «indigenous» itself. The indigenous movement, especially since the 1970s, showed a clear awareness of this contradiction. It took advantage of the oppressive categories in the sense of a collective liberation. The indigenous function as a mechanism of political inclusion allows a local movement to connect with other movements, insofar as they are linked to the indigenous. And the indigenous became a discursive vehicle for the central demands of indigenous movements worldwide.In this contribution, it will be discussed the internal and external effects of the dissemination of the buen vivir concept by the indigenous movement based on a deeper discussion of the mechanisms of self-inclusion sustained on the indigenous movements. The centre of this discussion will be the framed of the concrete demands of the indigenous movement, especially the Ecuadorian movement and its economic proposals, in the concept of buen vivir.

Tracing the Path to Universal Banking: The Indian Scenario

In India, the Commercial Banking sector has been the dominant element in the country’s financial system and performed the key functions of providing liquidity and payment services to the real sector, and has accounted for bulk of the financial intermediation process. However, since early 1990s, the Indian banking sector has been subjected to various reform measures initiated by the Government at the backdrop of economy-wide structural adjustment programme and also in response to the unsatisfactory economic and qualitative performance of the Public Sector Banks owing to lack of competition, low capital base, low productivity and high intermediation cost.Financial sector reforms have uprooted many of the outdated regulatory fences within which banks were required to carry out their activities. This provided more liberty to banks and they started exploiting different areas of operation. Gradually, many of the banks, apart from their indigenous function i.e., banking, started having substantial interests in all sorts of financial businesses like insurance, funds management, mutual funds, securities trading etc. Eventually, such a bank acquired the status of Financial Conglomerate and slowly began moving towards Universal Banking framework. However, in this process, the risk exposure of banks increased further and also it has raised a question on what should be the effective regulatory system for monitoring such conglomerates.Therefore, an attempt is made to trace the path of transition of Indian banks towards Universal banking framework, their risk exposure, opportunities and challenges confronted in this process of transition and the regulatory system needed to monitor such entities.The Journal of Nepalese Business Studies Vol. Vii, No. 1, 2010-2011Page : 17-30Uploaded date: July 7, 2012