Democracy

PV Sateesh Interview – participatory video pioneer . Visit his orgs site: www.ddsindia.com

Duration : 0:9:40

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In the fifth annual McGowan Forum on Communication, Technology and Government, experts discuss the transfomative effect of Web 2.0 on the relationship between citizen and government.

The panel, moderated by Darrell M. West, vice president and director of governance studies at the Brookings Institution, discusses how collaborative democracy can be designed. Panelists include Beth Simone Noveck, White House Office of Science and Technology Policy; Mark H. Webbink, visiting professor of law, New York Law School, and executive director, Center for Patent Innovations; Gigi B. Sohn, president and co-founder, Public Knowledge; and Jason R. Baron, director of litigation, National Archives.

For more on the National Archives, please visit http://www.archives.gov or check out our YouTube Channel at http://www.youtube.com/usnationalarchives

Duration : 1:33:11

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can someone please tell me the difference between participatory research and advocacy research?

Action research or participatory action research is a recognized form of experimental research that focuses on the effects of the researcher’s direct actions of practice within a participatory community with the goal of improving the performance quality of the community or an area of concern.

Self-advocacy refers to the civil rights movement for people with developmental disabilities , also called cognitive or intellectual disabilities, and other disabilities. It is also an important term in the disability rights movement, referring to people with disabilities taking control of their own lives, including being in charge of their own care in the medical system. The self-advocacy movement is (in basic terms) about people with disabilities speaking up for themselves. It means that although a person with a disability may call upon the support of others, the individual is entitled to be in control of their own resources and how they are directed. It is about having the right to make life decisions without undue influence or control by others.

Wikipedia

These notes let you buy into a partnership without acquiring the liability

a. all citizens have the right to take part in governmental deliberations?
b. all inhabitants have the right to vote?
c. women are accorded equal legal status with men?
d. all interest groups participate through their elected representatives?

b.*
http://en.wikipedia.org/wiki/Participatory_democracy

Web 2.0

- content from members, like YA, FaceBook, Youtube etc.
- support for Participatory Communication.

Youtube
- the best video sharing site.
- more sites connected with youtube like http://vvipvideo.com

Web 2.0

- content from members, like YA, FaceBook, Youtube etc.
- support for Participatory Communication.

Youtube
- the best video sharing site.
- more sites connected with youtube like http://vvipvideo.com

Indian-based brokerages buy India-based securities and then issue participatory notes to foreign investors. Any dividends or capital gains collected from the underlying securities go back to the investors.

In many ways, this is similar to an informal ADR process, where brokerages hold on to stocks for foreign investors. However, Indian regulators are not very happy about participatory notes because they have no way to know who owns the underlying securities. Regulators fear that hedge funds acting through participatory notes will cause economic volatility in India’s exchanges.

Check source as well.

Participatory notes (PNs / P-Notes) are instruments used by investors or hedge funds that are not registered with the SEBI (Securities & Exchange Board of India) to invest in Indian securities. Indian based brokerages buy Indian-based securities and then issue PNs to foreign investors. Any dividends or capital gains collected from the underlying securities go back to the investors.

Participatory notes are instruments used for making investments in the stock markets. However, they are not used within the country. They are used outside India for making investments in shares listed in that country. That is why they are also called offshore derivative instruments.

In the Indian context, foreign institutional investors (FIIs) and their sub-accounts mostly use these instruments for facilitating the participation of their overseas clients, who are not interested in participating directly in the Indian stock market. For example, Indian-based brokerages buy India-based securities and then issue participatory notes to foreign investors. Any dividends or capital gains collected from the underlying securities go back to the investors. According to an expert group constituted by the finance ministry in India, in August 2004, participatory notes constituted about 46 per cent of the cumulative net investments in equities by FIIs.[1]

Any entity investing in participatory notes is not required to register with SEBI (Securities and Exchange Board of India), whereas all FIIs have to compulsorily get registered. Trading through participatory notes is easy because participatory notes are like contract notes transferable by endorsement and delivery. Secondly, some of the entities route their investment through participatory notes to take advantage of the tax laws of certain preferred countries. Thirdly, participatory notes are popular because they provide a high degree of anonymity, which enables large hedge funds to carry out their operations without disclosing their identity.

Participatory notes in brief is as follows :

What are participatory notes or PNs? Participatory notes are instruments used by foreign funds which are not registered to trade in domestic Indian Capital Markets. PNs are derivative instruments issued against an underlying security permitting holders to get a share in the income from the security.

How does it work? Investors who buy PNs deposit their funds in US or European operations of Foreign Institutional Investors (FII) operating in India . The FII uses its proprietary account to buy stocks.

Why do investors use PNs? Reason for using PNs is to keep investor name anonymous, some investors have used them to save transaction and overhead costs.

Tax officials fear that PNs are becoming a favourite with a host of Indian money launderers who use them to first take funds out of country through hawala and then get it back using PNs.

Participatory Notes Crisis of 2007

On the 16th of October, 2007, SEBI (Securities & Exchange Board of India) proposed curbs on participatory notes which accounted for roughly 50% of FII investment in 2007. SEBI was not happy with P-Notes because it is not possible to know who owns the underlying securities and hedge funds acting through PNs might therefore cause volatility in the Indian markets.

However the proposals of SEBI were not clear and this led to a knee-jerk crash when the markets opened on the following day (October 17, 2007). Within a minute of opening trade, the Sensex crashed by 1744 points or about 9% of its value – the biggest intra-day fall in Indian stock-markets in absolute terms. This led to automatic suspension of trade for 1 hour. Finance Minister P.Chidambaram issued clarifications, in the meantime, that the government was not against FIIs and was not immediately banning PNs. After the markets opened at 10:55 am, they staged a remarkable comeback and ended the day at 18715.82, down just 336.04 from Tuesday’s close after tumbling to a day’s low of 17307.90.

This was, however not the end of the volatility. The next day (October 18, 2007), the Sensex tumbled by 717.43 points — 3.83 per cent — to 17998.39, its second biggest fall. The slide continued the next day when the Sensex fell 438.41 points to settle at 17559.98 at the end of the week, after touching the lowest level of that week at 17226.18 during the day.

The SEBI chief, M.Damodaran held an hour long conference on the 22nd of October to clear the air on the proposals to curb PNs where he announced that funds investing through PNs were most welcome to register as FIIs, whose registration process would me made faster and more steamlined. The markets welcomed the clarifications with an 879-point gain — its biggest single-day surge — on October23, thus signalling the end of the PN crisis. SEBI issued the fresh rules regarding PNs on the 25th of October, 2007 which said that FIIs cannot issue fresh P-Notes and existing exposures were to be wound up within 18 months. The Sensex gave a thumbs up the next day – Friday, 26th October by re-crossing the 19,000 barrier with a 428 point surge. The coming Monday (October 29, 2007) history was created when the Sensex leaped 734.5 points to cross the hallowed 20,000 mark for the first time.

Participatory democracy means that people are able to participate in government decisions, that can be achieved by referendums for example, which in these days are the most known method of giving people possibility to participate.

The pros are that you get a more real democracy, because everybody says if a decision taken from the president or the parliment is good or not.

The cons are that it could cause a lot of trouble in a nation because of the difference of interests that each group in the society has.