scholarly journals On the financial sustainability of earnings-related pension schemes with ‘pay-as-you-go’ financing and the role of government-indexed bonds

2007 ◽  
Vol 8 (2) ◽  
pp. 153-187 ◽  
Author(s):  
DAVID A. ROBALINO ◽  
ANDRÁS BODOR

AbstractIn this paper we reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. The paper starts by reviewing the characterization of the sustainable rate of return of an earnings-related pension system with pay-as-you-go financing. We show that current proxies for the sustainable rate, including the Swedish ‘gyroscope’, are not stable and propose an alternative measure that depends on the growth of the buffer-stock and the pay-as-you-go asset. Using a simple one-sector macroeconomic model that embeds a notional account pension system we then show how GDP-indexed government bonds, if combined with the right measure for the sustainable rate of return on contributions, could be used to generate a sustainable and secure earnings-related pension system, without becoming a fiscal burden. The proposal is particularly attractive for countries considering reforms to earnings-related systems that have accumulated a large implicit pension debt. In this case, the government bonds allow the financing of this debt in a transparent way. The proposed mechanism can also facilitate the transition to a fully funded pension system when the government bonds are allowed to be traded.

Author(s):  
Nur Paikah

This research aims to analyze the process the role of government of human trafficking. Research was conducted at Bone Regency. Methods used the case study method by using a qualitative approach. The results showed human trafficking is one of the crimes against humanity, because this act has violated human rights, and the majority are victims of women and children. Referring to the Law that, every human being, especially women and children, has the right to live peacefully and properly as they should. Therefore, the right of life of every human being cannot be reduced by anyone and under any circumstances including not allowed to be traded, especially women and children. This is where the role of the government, especially the local government of Bone Regency, seeks to guarantee the protection of positive rights for them for their lives. In this case the local government of Bone Regency provides protection and prevention of human trafficking, especially women and children as a form of respect, recognition and protection of human rights is stated explicitly in Article 58 of Law Number 21 of 2007 concerning Crime of Trafficking in Persons.


2013 ◽  
Vol 3 (1) ◽  
Author(s):  
Andi Rosdianti Razak

Public participation in development have emerged since the enactment of the Act of 1945 and is constitutionally have a clear reference and is a must for anyone involved in the management of natural resources in Indonesia. However, community participation in development in the reform era is still showing a tendency not run perfectly. How is the condition of public participation from the beginning until now not received the proper position in the form of authority and obligation and the right to participate as a community run development, researched. The approach taken is to study literature, using secondary data from the literature, mass media, legislative provisions, also performed a comparative study of the various opinions and understanding of the role of the community. A number of variables that were examined include: statutory provisions, the role of government, forms of interaction and implementation of public participation efforts by the government in the role of the community so that the development can be improved. From the results of the study the implementation of legislation relating to public participation from the old order to the regional autonomy era still can not be run effectively and efficiently. Peran serta masyarakat dalam pembangunan sudah muncul sejak diberlakukannya UU 1945 dan secara konstitusional telah memiliki acuan yang jelas dan merupakan kewajiban bagi siapapun yang terlibat dalam pengelolaan sumberdaya alam di Indonesia. Namun peran serta masyarakat dalam pembangunan di era reformasi ini masih memperlihatkan kecenderungan belum berjalan dengan sempurna. Bagaimana kondisi peran serta masyarakat sejak awal sampai saat ini belum mendapatkan posisi yang tepat dalam bentuk kewenangan dan kewajiban serta hak sebagai masyarakat dalam ikut menjalankan pembangunan, diteliti. Metode pendekatan yang dilakukan adalah dengan studi pustaka, dengan menggunakan data sekunder yang berasal dari literatur, media masa, ketentuan perundangundangan, juga dilakukan studi komperatif dari berbagai pendapat dan pemahaman tentang peran serta masyarakat. Sejumlah variabel yang dikaji antara lain : ketentuan perundang-undangan, peran pemerintah, bentuk interaksi pelaksanaan peran serta masyarakat dan upaya-upaya yang dilakukan pemerintah dalam peran serta masyarakat agar pembangunan dapat ditingkatkan. Dari hasil kajian pelaksanaan peraturan perundang-undangan yang menyangkut peran serta masyarakat sejak orde lama hingga era otonomi daerah masih belum dapat berjalan secara efektif dan efisien.


2019 ◽  
Author(s):  
Vaishali Aggarwal ◽  
◽  

Fights over the ‘right to the city’ have emphasized the interests of the four main actors within the city development of India since the first cases of revolting social movements in Delhi. The four actors can be classified as the social movements, the public, media and the government. The case of India Gate in Delhi is illustrative not only of how the differences between the actors come into surface, but of also of how these actors change their priorities, their stance and their tools, in order to secure their position in the city. Many scholars have analysed the role of social movements and how it evolves in the process. But what about the role of government as an entity that is in between the interests of social movements, public and media? How and why do they change their stance when a movement takes place? What are their limitations? The India Gate case can give the answers to these questions, as it examines the multiple transformations of this space over time. This paper emphasizes on the idea of Space. How space shapes public and public (re)shape their own spaces. India gate. This space has been stuck between the idea of being a space or a branded space. It was assumed that media plays a prominent role in acting like a watchdog in democracies, but this paper looks at how media if used rightfully can be forced for a good in oppressive regimes and therefore, a vigilant and alert media can act as an external trigger or an emergency- wake up call for the youth of India to take the cause of freedom seriously. Rightfully as put up by Ritish (2012), an external event or issue may allow for the manifestation of a flash fandom in the form of flash activism. Since, social movement’s needs mass media attention for amplification of their claims, the media also join the movements too create the news. Lastly, the consequences of the media coverage for social movements, in terms of organisation, reaching political change and obtaining favourable public opinion is comprehended in three different case studies.


2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santanu Gupta ◽  
Sanjay Kumar Kar ◽  
Sidhartha Harichandan

Purpose This paper aims to review the role of government initiatives for developing clean fuels in India, decarbonize the transport sector and maximize the use of renewable sources of energy. India’s socio-economic prosperity is dependent on modern energy. The authors examine the role of biofuel in India’s emerging fuel mix. Design/methodology/approach A 20-year timeframe between 2000 and 2021 was set to learn about the subject and find the existing gaps. Of the 40 research papers, the authors found using keywords and delimiting criteria in the database, the authors have shortlisted 21 papers, which provided the theoretical framework for the study. Additionally, the authors used the government database to develop future projections using compound annual growth rate and trend analysis. Findings The study findings suggest that India should strictly implement the Biofuel Policy to promote indigenous production of biofuel to enhance affordability and accessibility. With blending options available with biofuels and biogas, the country can replace the right proportion of fossil fuel use by 2050. It will not only decrease India’s import dependence but also will create new job opportunities, specifically in tribal and remote locations and promote green energy mix. With emerging options like electric vehicle and hydrogen, the transport sector could be decarbonized to a greater extent. Social implications Indigenous cleaner fuel adoption and transport sector will generate additional employment and cut down fossil fuel import. Financial savings through reduced fossil fuel import will be directed toward social development. Originality/value The paper carries out critical analysis for the active use of modern green fuels in the present and coming days. Such unique analysis must help India to balance its energy basket.


1992 ◽  
Vol 26 (7-8) ◽  
pp. 1915-1920
Author(s):  
D. Kinnersley

The scope for involving private capital participation in wastewater treatment and pollution control is attracting attention in a number of countries. After noting briefly some influences giving rise to this trend, this paper discusses frameworks in which such participation may be developed. In some aspects, there are choices available and it is essential to shape the private participation appropriately to the community's situation and problems, with due recognition of the hazards also involved. In other aspects, policy choices are more constrained, and there are requirements which it is suggested all private participation frameworks should provide for as clearly as possible. Effective private participation generally depends on re-designing and strengthening the role of government as the scale of its former role is reduced. Getting this re-design of the government role right is at least as important as making appropriate choices for format of private participation.


2020 ◽  
Vol 31 (3) ◽  
pp. 285-300
Author(s):  
Abhinav Alakshendra ◽  
Arjun Kumar ◽  
Simi Mehta

India is urbanizing at an alarming rate and the impact of climate change is becoming more visible each passing day. The rapid urbanization and climate change have severe direct and indirect consequences, such as increasing poverty, inequality, massive displacement, public health concerns, and challenges of urban governance, among others. This paper identifies some of the most pressing issues faced by urban India in the context of climate change. It also details the interventions undertaken at the local, national, and international levels to counter the effect of the climate change. In addition, it critically evaluates the role of government organizations, especially in terms of undertaking regulatory and planning functions. The paper argues that the implementation of institutional reforms would enable the government to reach out to the private sector to improve urban service delivery. It also provides examples of best practices from India and the world in combating climate change through adaptation and mitigation approaches.Abstrak. India mengalami urbanisasi pada tingkat yang mengkhawatirkan dan dampak perubahan iklim menjadi terlihat setiap hari. Urbanisasi yang cepat dan perubahan iklim memiliki konsekuensi langsung dan tidak langsung yang parah, seperti antara lain meningkatnya kemiskinan, ketimpangan, pengungsian besar-besaran, masalah kesehatan masyarakat, dan tantangan tata kelola kota. Makalah ini mengidentifikasi beberapa masalah paling mendesak yang dihadapi oleh perkotaan India dalam konteks perubahan iklim. Makalah ini juga merinci intervensi yang dilakukan di tingkat lokal, nasional, dan internasional untuk melawan dampak perubahan iklim. Selain itu, secara kritis makalah ini mengevaluasi peran organisasi pemerintah, terutama dalam menjalankan fungsi pengaturan dan perencanaan. Makalah ini berpendapat bahwa pelaksanaan reformasi kelembagaan akan memungkinkan pemerintah menjangkau sektor swasta untuk membantu meningkatkan pelayanan perkotaan. Makalah ini juga memberikan contoh praktik terbaik dari India dan dunia dalam memerangi perubahan iklim melalui pendekatan adaptasi dan mitigasi.Kata kunci. Urbanisasi, perubahan iklim, keterkaitan, tata kelola kota, mitigasi.


Author(s):  
Bambang Dradjat ◽  
Herman Herman

This research focussed on the export development of cocoa bean with respect to its export growth, values and competitiveness. Based on this deve-lopment, the aim of this research is to propose alternative development strategies of export business for cocoa bean in the future. The Analysis Hierarchie Process (AHP) framework of export business of cocoa bean was arranged consecutively from formulation of focuss or goals, identification of affecting factors and actors, deter mination of actor objectives, and recognition of alternative strategies needed. Each component of goals, factors, actors, objectives, and alternative strategies were valued on the basis of their importance using Saaty scales. Results of interviews with experts were analyzed using AHP technique. The development of cocoa bean export from 2000 to 2006 showed the competitiveness position of Indonesia in the world market was fairly good. In order to increase the growth and values of cocoa bean export, the experts consider the role of government as regulators and facilitators is very important. The government became the main actor for the export development through de/regulation related to the cocoa bean commodity. The objectives of actors could be achieved by combining strategies (i) provision of fund in national and regional budget, as well as other sources (ii) implementation of recomended technologies of cocoa, (iii) acceleration of replanting program, (iv) improvement of research productivity in producing high yielding plant materials, (v) development of transportation facilities from farms to harbours, (vi) development of farmers’ organization and partnerships as well as strategic alliance, and (viii) pests and diseases control. Key words: Cocoa bean, expor, role of government, objectives and strategies.


2020 ◽  
Vol 5 (1) ◽  
pp. 59-65
Author(s):  
Ardyan Firdausi Mustoffa ◽  
Ika Farida Ulfah ◽  
Iin Wijayanti

This study aims to describe the role of local government and the participation of Micro, Small and Medium Enterprises in the development of Plastic Woven Crafts in Karanggebang Jetis Village, Ponorogo Regency. The theory used in the formulation of the first problem regarding the role of local government uses the theory of Gede Diva (2009) which divides the role of government in three ways, namely the role of government as a facilitator, the role of government as regulator and the role of government as a catalyst. Second, the participation of UMKM actors uses the theory of Cohen and Uphoff in Distianto (2016) into four forms of participation, namely participation in planning, participation in implementation, participation in the utilization of results and finally participation in evaluation.This research uses the descriptive qualitative method. The technique of determining informants using purposive sampling techniques and data collection techniques carried out through interviews, observations, and documentation. The results of this research in the efforts to develop UMKM Plastic Weaving Crafts in Karanggebang Jetis Village, Ponorogo Regency, in general, there has been no interference from the government and UMKM entrepreneurs. So far, plastic woven crafts are still not developed. To develop UMKM especially plastic woven handicrafts located in Karanggebang Jetis, it is necessary to have the role of government and participation of UMKM actors.


2017 ◽  
Vol 5 (2) ◽  
pp. 23-28
Author(s):  
Cucu Solihah

The commitment in building Indonesia as a prosperous country gives consequence to the role of government in prospering the community. It is conducted by empowering the programs having potency of financial sources for developing this state. Beside the tax as the financial source of state development, the government enforces the policy of zakat management.  The policy is the act number 23 in 2011 concerning zakat management in which the fund derives from the national / regional budget. In this case, the national or regional zakat council manages the zakat management. It is expected, it can help the process of state development and be a media in improving the social welfare as one of the government’s roles


2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Rachmadani Fatria Agung Gumelar ◽  
Martinus Sardi

Persons with disabilities still find it difficult to find and obtain work because they are considered less productive and incapable to work. However, every human being has human rights including the right to obtain work and to persons with disabilities. This study aims to understand the Indonesian government's role based on human rights instruments' concern for work opportunities. The research used a normative study with a descriptive qualitative analysis which is focused on library research and analysis of the compilation of written data. The author found that the role of government is through policies and realization on the program where the direction not only supervision within sanction to the employer but also develop quality and placement of disabilities workforce, open special labor market and promotion to all stakeholder for providing recruitment. Nonetheless, the national government role in the realization of obligation from the human rights legal instruments both international or national still not comprehensively comply with the provision because the specific regulation relates to employment still have discrimination provision, absence of government technical regulation about disabilities employment, lack of regulation and policy measures to encourage private sectors for hire persons with disabilities.


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