Vol. 02 | No. 01 | January - March, 2019

Title: COVER PAGE

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Title: CONTENTS

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Title: STUDY OF FACTORS CONTRIBUTING TO SUCCESS OF CULINARY INDUSTRY IN JAIPUR

Authors: Prof. Manoj Srivastava, Dr. Gaurav Bhattacharya & Dr. M.L.Vadera

Page 01-11

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The Culinary business is one of the businesses with high potential for expansion and growth in terms of profitability and satisfaction. In Jaipur, the majority of Culinary business being generated are by birthday parties for children, company dinner parties and wedding receptions involve between 20 to hundred or more guests. The business opportunities are excellent. Many entrepreneurs are emerging in the small business sector especially in the micro-business like culinary services and the objective of this study is to identify factors which would increase the rate of success and the ways to make these factors contribute to the profitability of the culinary business to aid entrepreneurs. The aim of this study is to describe the Success Indicators among culinary industry in Jaipur City. Specifically; it will answer to the following questions:

  • Demographics of the proposed Culinary business:
  • Base-line preparations done by the entrepreneur:
  • Immediate goals of the culinary business being set-up:

It is highly desirable for the entrepreneurs to seek such information which combine research with work experience, to provide a degree of certitude in an environment of uncertainty. The researchers aim to provide not only a frame of reference to embark on the risk venture of Culinary but also provide a foundation on which to build the business with informed reliability. The benefit of this research work is derived mainly from the thinking, market research and planning process which also provides the entrepreneur with motivation and confidence that gives impetus and a tangible goal to achieve by focusing their research and management capabilities. Ultimately, the purpose of this research was to study the key factors which could potentially affect the success of the entrepreneur in the culinary field.

 

Keywords: Culinary, Culinary Entrepreneurs, Challenges, Ensuring Factors.

Title: AN ANALYSIS OF ACCOUNTING TREATMENT OF DEFERRED TAXES IN INDIAN CORPORATE SECTOR (WITH SPECIAL REFERENCE TO MATERIALITY CONCEPT OF ACCOUNTING)

Authors: Durga Singh & Shurveer S. Bhanawat

Page 12-22

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IAS-12(1996), AS-22 (2001) and Ind AS-12 (2016) require recognition, measurement and disclosure of deferred tax. Deferred taxes are recorded in the books either in form of deferred tax assets (DTA) or deferred tax liabilities (DTL). Disclosure of DTA and DTL is significant or not, it is checked with special references to materiality concept of accounting. According to materiality concept of accounting, only those transaction and event is recognized separately in the books of accounts which are material and significant. Financial information which is not material and insignificant no need to separately recognized what is significant (material) depends upon several factors like  amount involved, size of business, nature and level of information required, relevance to decision. Whether amount of DTA and DTL should disclose separately with special reference to materiality concept of accounting or not? Here an attempt has been made to evaluate the relevance of DTA and DTL with special reference to materiality concept of accounting. In order to evaluate the DTA and DTL, only one dimension of materiality concept i.e. size of amount is considered. The size of DTA and DTL is determined is terms of % of those to total assets and sales. After analyzing ninety four sample units of different sectors of Indian corporate sector it has been found that the most of sample units having small percentage of DTA/DTL to sales and DTA/DTL to total assets, it means both have no significant impact on profit of company.

Keywords: Deferred Tax Assets, Deferred Tax Liabilities, Materiality Concept of Accounting Theory.

Title: PERSONALIZED LEARNING

Authors: Dimple Juneja

Page 23-28

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Personalized learning pertains to directive in which speed of learning and the teaching approach are augmented as per the requirements of each learner. Students are indispensable ingredients of the learning procedure in personalized learning. Personalized learning can lessen the disgrace associated with special education and can fulfill the requirements of special students in superior way.  The part played by teachers in learning cannot be substituted and their role is most important in personalized learning as well. The learning proposals, study schedules, test preparation and evaluation, comments and prospective planning can be carried out with the use of technology. Personalized learning is not a substitute to traditional education but it only makes it better.

Keywords: Personalized Learning, Traditional Education, Indispensable Ingredients.

Title: A STUDY ON IMPACT OF eWOM (Electronic Word of Mouth) ON CONSUMERS’ BUYING DECISION

Authors: Dr. Ankur Amin

Page 29-40

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Word-of-mouth (WOM) communication is broadly acknowledged as a significant factor in building marketing strategies and communications. Invention of the Internet and expansion of social media have added a new electronic dimension to traditional WOM, consequently changing it into electronic WOM (eWOM). eWOM is defined as all informal communications directed at consumers through Internet-based technology related to the usage or characteristics of particular goods and services, or their sellers. Customers recognize that online consumer reviews help them to determine eWOM credibility and to make buying decisions. The objective of the study is to assess the impact of eWOM (Online Consumer Reviews) on consumers’ buying decision of electronic products. This emphasizes on the relationship between online reviews and buying behaviour of consumers. An instrument was set up to gauge the proposed builds, with questionnaire items taken from prior studies. This descriptive study involved the Survey technique to collect primary data with the help of Google forms. The outcomes demonstrate that consumer reviews have an underlying impact on consumer Buying behaviour and they have an effect on choosing the products by consumer. The results show that customers are especially impacted by eWOM, and that a larger percentage of them are dependent on such online reviews when making decisions to buy products through the Internet.

Keywords: eWOM, Online Consumer Reviews, Consumer Buying Behaviors, Online Shopping.

Title: DEVELOPING INDIA: THE DIGITAL WAY

Authors: Dr. Varun Sharma

Page 41-44

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This article deals with the changes being brought about in the functioning of Governance Processes. With the Dawn of Digital Era, all spheres of life are touched by technology in one way or other. “Digital Data” is becoming the most important Property for organizations as well as Governments. The rise in use of technology is termed is new Industrial Revolution. The national e-governance plan- 2 has pushed the ante for Digital India. The use and Implementation of IT and ITES in fields of Financial Inclusion, Fiscal Mechanism, Consumer Payment Pattern, Public Finance & Procurement, Surveillance etc. has been increased considerably. The government has been proactive in accepting these changes by identifying the infinite potential of being a digital Economy that opens up vast opportunities.

Keywords: E-Governance, Cloud, Artificial Intelligence, Digitization, DBT and UPI.

Title: WOMEN EMPOWERMENT THROUGH POLITICAL PARTICIPATION AND THE ROLE OF PRIs

Authors: Ramesh Gaddam

Page 45-48

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Women constitute half of the population of the country. But, they do not have decision-making power for their development. Women can change their fate and design their future if they wish by participating in political activities. Political participation ensures political empowerment, which in turn, paving the way for socio-economic empowerment. By providing reservation for women in Panchayat Raj Institutions through 73rd and 74th constitutional Amendment Acts, Indian democracy is inviting women into political sphere at gross-root level. It is in the context of an idea being mooted to bring all States to reserve half of the seats in all three tiers of rural local bodies, this article is aimed at reviewing the status of women representation and participation in PRIs and also providing an insight into hurdles exist for empowerment of women through PRIs.

Keywords: PRIs, Participation, Empowerment, Reservation, Representation.

Title: “COMMERCE EDUCATION” AS A PATH OF HIGHER EDUCATION IN INDIA: A STUDY

Authors: Dipak Biswas

Page 49-55

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In India commerce education was initiated by some commercial Institution with booking as one of the subjects and it was one of the oldest streams of education in the country. Commerce education was started first in India at Madras in the year 1886. Later it was spread over in Calcutta, Delhi, Bombay and rest of the India. But in the context of rapid expansion and innovation of business system, the importance of commerce education had been spread over day by day. Gradually Chartered Institute, Cost Institute, institute of Company Secretary, and lastly the Institute of Chartered Financial Analysis of India were established in different parts on of India to provide professional commerce learned expert.

My objective of paper is to find out the position of commerce students through graduate and post graduate courses in different years from the point of view of enrolment as well as pass out. The study has judged the Latest position of Indian States in Higher Education as a hole and to examine the position of Enrolment of Higher Education only among the Commerce student at P.G, M.Phil. and Ph.D. level. It also highlighted to the pass out position of M.Phil., Ph.D. degree holder in Commerce and Others UG & PG degree holders. It also revealed that the position of Enrolment at PG in regular mode and UG & PG mode through distance education system.

From the key observation it has been pointed out that current position of higher education among the different states in India from the parameter of pass out in UG, PG, M.Phil and Ph.D  through which it comes to know which part of India is dominating as well as which state is more advance in higher education. The position of women has also been reflected in comparison with male counter parts in UG and PG level. Some knowledge has been imparted through survey of Literature. The trend of commerce has also been reflected through the analysis of data from secondary sources which has been consulted from different Annual Reports of AISHE, MHRD and U.G.C. also.

Keywords: Commerce, Higher Education, Under Graduate, Post Graduate.

Title: AN EMPIRICAL STUDY ON IMPACT OF DEMONETIZATION ON SELECTED SECTORS THROUGH VARIOUS INDICES

Authors: Vidhi Shah

Page 56-62

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At the stroke of 8 pm, on 8th November 2016, PM Narendra Modi made a historical move by announcing the scrapping out of two highest denomination currency notes in India i.e. Rs. 500 and Rs. 1000 as legal tender by central government. This financial surgical by the PM, also called demonetization, became one of the most sensational and bold move by any government to curb the menace of black money, counterfeit notes, parallel economy and terror funding. This will also have a major impact on the common man in terms of leading towards a cashless economy, which will enhance transparency and accountability in the economy. It would be too early and inappropriate to comment on the exact impact this move will have on our economy in a long run, but then we can try finding out the impact on various sectors. The paper analyses the impact of demonetization on Indian stock market as represented by Sensex index of Bombay Stock Exchange. Also, the paper further analyses the impact of the decision on various sectors of Indian Economy represented by various sectorial indices of service and manufacturing industry of Bombay Stock Exchange through paired t test considering a time frame of a month pre and post demonetization decision.

Keywords: Demonetization, Indian Stock Market, Black Money, BSE, Sensex.

Title: A STUDY OF LABOUR CONDITIONS AND WELFARE IN THE HARYANA CO-OPERATIVE SUGAR MILLS LTD, ROHTAK

Authors: Dimple Juneja

Page 63-70

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The study was carried with the objective of examining the working conditions, extent of labour facilities provided, level of satisfaction among workers, shortcomings of management practices, factors of unsatisfactory working conditions and provide suggestions of improvements at The Haryana cooperative sugar mills ltd, Rohtak. The research methodology used was review of literature. A sample size of 100 workers was taken using stratified sampling technique. Primary data was collected through questionnaires and secondary data collected from various departments. The analysis of the data is reviewed, conclusions were drawn and suggestions were made.

Keywords: Labour, Age, Demography, Education, Management, Workers, Promotion, Training.

Title: SUSTAINABLE GROWTH OF EMERGING ECONOMIES AND HUMAN RESOURCE IN INDIAN PERSPECTIVE

Authors: Priyanka Sabharwal & Sanchit Sabharwal

Page 71-77

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The greatest wealth of a nation is its Human Resource (not just population) in general and youths who possess specific job skills in particular. Indian economy has been recognized as Emerging Economy in the world. Though its Gross Domestic Product (GDP) growth rate has come down from 8% pa to 6.5% pa during the year 2017-2018, still the rate of growth remained as second highest in the global economy. It is projected by the world economists including Indian experts that Indian economy will emerge as second largest economy in few decades. All this could be possible just because of growing number of working hands and creative mind of Indian youths. The Indian Economy has been growing continuously but this growth has resulted in to imbalanced growth and inclusiveness in missing in the present growth. Only around 1/3rd of the total economy (urban economy) has been growing at a faster rate whereas 2/3rd of the total economy (rural economy) has yet take off towards growth. When both the economies grow simultaneously the total economy will reach to its destination of developed economy. To achieve a level of developed economy there is an urgent need of developing more number youths as human resource with certain work skills to take up some productive jobs to accelerate the growth rate of economy at double digit. And the institutes of higher education have to play a vital role in converting young population into workforce by providing quality education to the deserving candidates at affordable cost. Special efforts are required to be taken for developing the rural youths due to wide disparity in educational standards in the educational institutes of rural and urban areas.

Keywords: Human Resource, Global Economy, Gross Domestic Product (GDP).