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This study aims at creating an ensemble of the various principles of positive organizational scholarship professed in south Asia through ages. This is a review of various scholarly literature published between 1985 and 2020, on how positive organizational scholarship finds its roots in South Asia. Findings.  Based on the detailed literature review, it was observed that south Asia has a distinct and rich spiritual culture which has given birth to many positive organisations. Positivity found in these indigenous organisations is strongly rooted in the concept of community development. It is also found that as compared to the western culture, the South Asian culture has been blessed with conscience of spirituality and this culture is capable of leading the entire world to peace, prosperity, and happiness. This study can be viewed as one of the pioneering attempts examining the roots of positive organizational scholarship in South Asia. This paper adds value to the body of existing knowledge by providing new insights into the virtues contributed by South Asia towards POS.

It is a well-known fact that stock indices can be treated as a yardstick for market performance. Price changes reflect a great deal in the functioning of a stock in particular and the market as a whole. Index organizer periodically evaluates the market and decides the stocks which can be included and excluded. Available literature reveals that there are price differences before and after the announcement dates and in the same way before and after the executing dates. It corrects this anomaly and helps in making profits and/or avoiding losses in stock market.In this study, an affempt has been made to analyse the stock price behaviour on S&P CNX Nifty Index due to such inclusions and exclusions. A period of two years (2004 to 2006) is considered. The study tries to analyse the changes and the reasons which can be affributed for the same. The study reveals that stock prices of firms entering or exiting the indices are not affected by the announcement of inclusion and exclusion dates. Minor changes are observed but these are very insignificant. These results prop up the basic premise of semi-strong form hypothesis that of share prices reflect an event or information very quickly, and therefore, it is not possible for an investor to beat the market using such information .