This book draws upon nearly seven decades of first-hand experiences from the ground to understand social exclusion, and movements and efforts for social justice in India. The author, a renowned champion of social justice for deprived social classes, delves into the roots of discrimination in Indian society as well as explains why caste discrimination still persists and how it can be effectively countered. The volume: examines the caste system and its socio-economic ramifications from the perspective of Dalits, and Socially and Educationally Backward Classes; explores the nuances of the Gandhi-Ambedkar debate on the status and liberation of Dalits and synthesis of the approaches of Gandhi, Ambedkar, Narayana Guru and Marx in resolving certain key issues; analyses legal, economic, social and cultural frameworks to understand caste system and related concepts such as 'untouchability', atrocities, reservation, etc. in contemporary India; and provides practical insights into the Constitution-based comprehensive measures required to remedy the consequences of caste system and establish social equality in a holistic manner. The book will interest scholars and researchers of social exclusion and social justice, Dalit, Adivasi and Backward Classes studies, sociology and social anthropology, politics, law and human rights, as well as policy-makers, think tanks and NGOs in the field.

This book draws upon nearly seven decades of first-hand experiences from the ground to understand social exclusion, and movements and efforts for social justice in India. The author, a renowned champion of social justice for deprived social classes, delves into the roots of discrimination in Indian society as well as explains why caste discrimination still persists and how it can be effectively countered. The volume: examines the caste system and its socio-economic ramifications from the perspective of Dalits, and Socially and Educationally Backward Classes; explores the nuances of the Gandhi-Ambedkar debate on the status and liberation of Dalits and synthesis of the approaches of Gandhi, Ambedkar, Narayana Guru and Marx in resolving certain key issues; analyses legal, economic, social and cultural frameworks to understand caste system and related concepts such as 'untouchability', atrocities, reservation, etc. in contemporary India; and provides practical insights into the Constitution-based comprehensive measures required to remedy the consequences of caste system and establish social equality in a holistic manner. The book will interest scholars and researchers of social exclusion and social justice, Dalit, Adivasi and Backward Classes studies, sociology and social anthropology, politics, law and human rights, as well as policy-makers, think tanks and NGOs in the field.

Since the Global Financial Crisis, the structure of financial markets has undergone a dramatic shift. Modern markets have been "zombified" by a combination of Central Bank policy, disintermediation of commercial banks through regulation, and the growth of passive products such as ETFs. Increasingly, risk builds up beneath the surface, through a combination of excessive leverage and crowded exposure to specific asset classes and strategies. In many cases, historical volatility understates prospective risk. This book provides a practical and wide ranging framework for dealing with the credit, positioning and liquidity risk that investors face in the modern age. The authors introduce concrete techniques for adjusting traditional risk measures such as volatility during this era of unprecedented balance sheet expansion. When certain agents in the financial network behave differently or in larger scale than they have in the past, traditional portfolio theory breaks down. It can no longer account for toxic feedback effects within the network. Our feedback-based risk adjustments allow investors to size their positions sensibly in dangerous set ups, where volatility is not providing an accurate barometer of true risk. The authors have drawn from the fields of statistical physics and game theory to simplify and quantify the impact of very large agents on the distribution of forward returns, and to offer techniques for dealing with situations where markets are structurally risky yet realized volatility is low. The concepts discussed here should be of practical interest to portfolio managers, asset allocators, and risk professionals, as well as of academic interest to scholars and theorists.