General Impact Factor of Journal

2015 2.0778 1.7122
2016 2.3982 2.0546
2017 2.5442 2.4668

Volume 05 No. 01 January 2015

Title: Content

Page I-IV


Title: How Underdeveloped Decision Making And Poor Leadership Choices Led Kodak Into Bankruptcy

Authors: Deborah Prenatt, James Ondracek and other

Page 1-12

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The recent bankruptcy of Eastman Kodak Company (Kodak) has been much discussed. How could a company that was once as prominent as companies such as Google and Apple are today, fail so dramatically? While it is impossible to fully comprehend the mechanics of Kodak’s failure, poor decision making and poor leadership appear to have played prominent roles in Kodak’s decline and bankruptcy. With these lenses Kodak’s downfall is analysed with attention to Kodak’s leaders and the underdeveloped decision making routines they followed.

Title: A Critical Study Of Xbrl

Authors: Ayushi Ameta, Priyanka Soni

Page 13-20

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Extensible business reporting language is an emerging technology which helps in corporate reporting. Adoption of XBRL would mean that both humans and qualified software agents could operate on financial information disseminated on the web with high degree of accuracy and reliability. This language is mainly used for the Electronic Communication of business information providing Major benefits in the preparation, analysis and communication of business information. It offers cost saving, greater efficiency improved accuracy and reliability to all those involved in supplying or using business information. By using XBRL, companies and other producers of financial data and business reports can automate the processes of data collection. XBRL not only automate data handling but also the data can be checked by software for accuracy. The main objective of this paper is to facilitate an understanding and provide an overview of XBRL, Its awareness, current position, and to examine whether the use of XBRL helps to get more reliable information in less time and efforts with grater effectiveness.

Title: A Virtual Coping With Stress And Management Problems In Executives Of Government And Private Sectors Of Kanpur, Utter Pradesh

Authors: Sachi Parmar, Dr. Mahesh Singh Rajput

Page 21-27

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Stress research is to evaluate managerial and psychological related stress. The research has been focused mainly to evaluate stress level and managerial problems. This study is based on factors which are persuading stress and deal with strategies. It is showed on haphazard sample of 1000 (500 each of government and private employee of hospital and bank sector which supplementary divided into 250 seniors and junior employees in both group further distinctively in 125 males and females in each) of Kanpur city. The survey for distinctive have been approached laterally through Employ Group Cradles of Stressors scale. The different parameters like Frequency, percentage, chi square test and correlation have been calculated for analysis. It was observed that intrusion of employment organizational tasks with family organizational character, deficiency of decision making ability which in turn decrease responsibilities with participatory exemplary in administrative work that might have improved accountabilities to exhaustion point. It was observed that majority of employee felt
stressed basically because of laziness and with fewer responsibilities satisfaction. It was discovered that an oversized portion of employee with low level whereas in gender individual affiliation stressors, whereas it had been non crucial if there ought to arise an incident of labor, half and authoritative atmosphere stressors.

Title: Globalisation And Education - A Dilemma

Authors: Vinodini Verma

Page 28-32

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We are living in the “ERA of Globalisation” and this globalisation had engulf almost all sectors of the economics whether it is social, economic or political. Social sector is mainly consisting of education sectors. Thus, today we can see impact of globalisation in it also. Education is the driving force in the rapidly changing globalised economy and society. Quantity and quality of specialised human resources determine their competence in the global market. Emergence of knowledge as increased opportunities for those countries with good levels of education. Globalisation has a multi-dimensional impact on the system of education. It promotes new tools and techniques in this area like E0learning. Flexible learning, Distance Education Programs and Overseas training. Globalisation will mean many different things for education. As one side globalisation has generated education by making it easier in access but at the
different things for education. As one side globalisation has generated education by making it easier in access but at the different things for education. As one side globalisation has generated education by making it easier in access but at the same time it is also confronted by many serious challenges of commercialism and privatization which are needed to check out.

Title: Customer Satisfaction With Various Banking Services: A Study Of Icici Bank?S Customers Of Udaipur City

Authors: Dr. Mukesh Mathur, Mrs. Alpa Saraiya

Page 33-41

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Banking Sector has witnessed drastic changes in recent year as a result of worldwide move towards deregulation, globalization of finance and technological innovations. Under these circumstances, banks have to face many challenges to retain existing customer and create new customer. In this era, a highly satisfied and delighted customer is a very important and non-financial asset for the bank. Increase in competition, highly educated customer and improving living standard forcing every business to review their customer service policy. This empirical research study focus on level of customer satisfaction with banking services, and impact of demographic variables on customer satisfaction. The study was conducted using the survey method. Data were collected through a well-structured questionnaire from a sample of 50 customers of ICICI bank operating in Udaipur district in Rajasthan. Percentage analysis, Chi Square Test, Descriptive analysis has been applied. The finding revealed that there is no significant difference between demographic variable and customer satisfaction except income and occupation. It is hoped that this study is quite useful for management to improve overall satisfaction of customers and to make customer service strategy.

Title: Techniques Of Inventory Management: A Case Study Of Gems & Jewellery Industry In India

Authors: Dr. Ashish Khandelwal

Page 42-46

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Inventories hold the major position in the composition of working capital of most business organizations. It constitutes the largest ingredient of current asset. In the specialty of working capital, the competent control of inventory has passed the most serious problem to the gems and Jewellery Industry because about two-third of the current assets of these organizations are jammed in inventories because of value of inventories are very high in this industry. “The turnover of working capital is largely governed by the turnover of inventory.” The main objective of this paper is to explain and analysis of various techniques for inventory management in the Gems and Jewellery industry in India.

Title: Value Added Tax

Authors: Dr. Krishna Gupta, Dr. Ashok Agrawal

Page 47-50

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Indirect tax on the domestic consumption of goods and services, except those that are zerorated (such as food and essential drugs) or are otherwise exempt (such as exports). It is levied at each stage in the chain of production and distribution from raw materials to the final sale based on the value (price) added at each stage. It is not a cost to the producer or the distribution chain members, and whereas its full brunt is borne by the end consumer, it avoids the double taxation (tax on tax) of a direct sales tax. Introduced by the European Economic Community (now the European Union) in the 1970s.

Title: Women Entrepreneurship: Opportunities And Challenges

Authors: Mahboob Alam

Page 51-56

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The women power has been commended and honoured at many stages in the past. Women, being the house manager upkeeps the houses, do daily activities of home and family and were still considered less knowledgeable than men. This situation has still not changed in underdeveloped and so called countries of third world. A kind of mix situation can be seen in India as well.

Title: A Overview On Carbon Credit In India ? Burning Business Issue

Authors: Dr. Pragya Dheer

Page 57-62

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Our earth is undoubtedly warming. This warming is largely the result of emissions of carbon dioxide and other Greenhouse gases (GHG’s) from human activities including industrial processes, fossil fuel combustion and changes in land use such as deforestation which results in climate change. To protect environment and economy both, Kyoto Protocol established a global policy in 1996, aimed to reduce greenhouse gasses (GHG’s) emission. But due to slow response in
implementing carbon emission limits, markets are being established so that companies can exchange carbon allowances. Carbon market is the brain child of Kyoto Protocol for controlling greenhouse gas emissions. This market has become the fastest growing financial market in the world. This market is mainly operated by Clean Development Mechanism (CDM), which allows carbon credit earnings and carbon trading between countries and companies, establishing carbon credit exchange in business world. India comes under the 3rd category of signatories to UNFCCC. India signed and ratified the Protocol in August’ 2002 and has emerged as a world leader in reduction of greenhouse gases (GHG’s) by adopting Clean Development Mechanisms (CDMs) in the past few years. Since, India is exempted from framework of the treaty, it is expected to gain from the protocol in terms of transfer of technology and related foreign investment.

Title: Quality Issues And Challenges In Distance Learning

Authors: Dhyanadipta Panda

Page 63-70

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In the World today Distance Learning system has been gaining widespread popularity over the years. Growth of institutions gives rise to continuous experiments on distance learning. Innovative use of technologies supported in provides education in a nontraditional ways. As a result several institutions started providing distance learning programs and some new institutions also appear who provide exclusive distance learning programs. In the light of these developments there is a need to analyze the quality issues and challenges of the distance learning programs. Distance courses provide by the academic institutions gives an opportunity to the students to choose various programs from various institutions. Distance learning programs became so popular it is very difficult to distinguish it from traditional campus based learning. Distance learning programs also help the students to get a degree who did not able to get it due to time, lack of money, geographical location etc. The way distance learning programs are moving now a day is clearly noticeable. Many students are now choosing nontraditional way of learning that the traditional way. So in this paper study on student support phenomena as well as faculty support system is analyzed. The merits and demerits of distance learning programs also highlighted here basing upon which several improvement measures are planned.

Title: Corporate Social Responsibility Of Sail A Case Study Of Bokaro Steel Ltd

Authors: Dr. Md. Moazzam Nazri, Dr. Abdul Wahid Farooqi

Page 71-80

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Steel Authority of India Limited (SAIL) is Country’s largest, and among the leading, steel producers, in the world. In India, SAIL has been recognized as one of the Maharatna Company. The company owns and operates eight manufacturing plants. Five integrated steel plants at Bhilai, Durgapur, Rourkela, Bokaro & Burnpur producing carbon steels. Three plants at Durgapur (Alloy Steel Plant), Salem and Bhadravati are making alloy steels, stainless and special steel. SAIL is a strong votary of the CSR philosophy of looking social interest and enlightened selfinterest of business over long run. It is a firm believer that it has an obligation to various groups of society rather than to stakeholders only. In fact the rationale of CSR lies in the fact that actions of business and industry, particularly corporate sector, directly and indirectly touch and impact the lives of citizens at many points. Hence, the business and industry is expected to assure reasonable level of responsibilities towards society. SAIL has been at the fore front in the context of corporate citizenship with unwavering dedication towards development of the community in the vicinity of its plants and units. SAIL’s socio-economic objectives are echoed in its credo that includes commitment to uphold highest ethical standards in conduct of business and valuing the opportunity and responsibility to make a meaningful difference in people’s lives as well as it is reflected in one of its core values, concern for people. The present study sets out to examine the plant wise expenditure incurred on CSR activities by SAIL. It also sought out the impact of CSR activities of Bokaro Steel Plant in improving the quality of life of the underprivileged sections of the society and give appropriate suggestions for further improvement of the CSR activities of Bokaro Steel Ltd.

Title: Financial Performance Analysis Of Selected Companies: A Study On Automobile Industry

Authors: Shamil Emonar Rahman Laskar, Ram Chandra Das

Page 81-86

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A good financial performance is essential for any business for its smooth functioning and survival. Financial performance analysis is the important area for any investor before making their investment decisions. Like other country, Indian Automobile Industry has been playing a vital role in meeting communication needs of the country. Its growth and development is highly required for expeditious development of the India’s economy. This paper has analysed the financial performance of selected BSE listed companies of Indian Automobile Industry on the basis of EVA and three selected profitability ratios.

Title: Purchase And Supply Procurement

Authors: Dr. Sangeeta Gupta

Page 87-91

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Purchasing and supply has emerged as an organized activity specially in manufacturing concerns because proper performance of the purchase and supply
procurement function is supposed to be vital to the smooth functioning of an organization. Purchase and supply procurement is of extreme impotence for achieving the twin basic objectives of an organization of minimizing cost and maximizing profit. It has its bearing on every vital factor concerning manufactures i.e. quality, quantity, cost, economy, efficiency, prompt delivery, volume of production etc. It is because of this fact that the heaviest burden of responsibility devolves on the purchase and supply management to exercise prudence in obtaining best ultimate value for the money on purchase.

Title: Causes And Controlling Of Work Stress At Organization : A Review

Authors: Sachi Parmar, Dr. Mahesh Singh Rajput

Page 92-100

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Stress research is to evaluate managerial and psychological related stress. Since 80 years researches carried out on stress. The aim of research work is to smidgen ideas and understanding which affect managerial functional qualities affected by stress i.e. managerial work or life events related stress. When we observe current state, stress is developed unavoidable in normal life. Even we can not avoid human role in management. Management is art to get things, do, through and with people.

Title: Quality Assurance In Teaching & Learning For The Initiation & Growth Of Teachers

Authors: Dr. Neha Parekh

Page 101-110

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Education and the challenges of preparing quality teachers are important priorities in many countries. India is no different. The success of what India hopes to achieve in education depends on the quality of its teachers. Competent and effective teachers help build a strong educational system. India has organized many programs based on improving teacher in your country. This also provides first steps in developing a (QA) framework for global quality assurance. The quality control framework covers the key aspects of the provision and development of the program, from income profiles of students from teaching skills. The document consists of two parts. The first part of the development and the conceptual basis of quality control framework is detailed. The second part describes the structure and components of the framework.

Title: Information Technology A Tool Of Managing Hr

Authors: Dr. R.K. Tailor, Dr. Navneet Sharma

Page 111-116

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Information technology tools are not only time and cost saving but they are also helpful in retaining employees. All these small factors create a good image of the company in employee’s mind who are not friends and relatives of the company but they feel connected to it. It is the magic of IT that managers are successful to motivate their subordinates and subordinates in return attract customers. Use of information systems for employee relationship management can be excessively seen in insurance sector. Companies are keen interested to understand the details of their employees and to know about latest developments
in their personal life in order to provide best bargains to these internal customers. In this paper, we tried to explain the relationship between the information system and human resource management with new human resource information system. The main object of this paper is to explain the role of information technology in managing human resources in present corporate business world. It includes use of software’s, applicant tracking system, learning portals, input transaction documents and other information technology devices which are widely used in corporate world.

Title: Pricing Decisions - An Overview

Authors: Dr. Ashok Kumar, Ravi Kant Modi

Page 117-120

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The word cost has different meaning in different settings and the kind of cost concept used in a particular situation depends upon the circumstances/ requirement of each case. The costs reported by financial accountants are actual costs. For the purpose of decision making and control, costs are distinguished on the basis of their relevance to the different type of decisions and control functions. For business decision making purposes, relevant costs rather than actual costs are
considered. Relevant costs constitute a practical basis of decision making which is different from historical cost approach.

Title: Cash Management : An Overview

Authors: Dr. Seema Baldua

Page 121-125

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Cash is the most significant component of working capital. it is treated as the medium of exchange or the common purchasing power. Cash is the basic input required to keep the organization running on a continuous basis. It can be compared as with blood in the human body which gives life and strength to it. Similarly cash keeps business concern as a vital entity. Therefore an organization should hold sufficient cash balance-neither more nor less. Since excessive cash remaining idle which in turn increases the cost without contributing anything towards the profitability of the organization, on the other hand shortage of cash will disturb the trading or manufacturing operations of the business. In other words, it can be stated the higher the level of cash greater is the cost of holding it, in the form of loss of interest which could have been earned by investing it in the securities or by reducing the interest burden by paying off the loan taken if any. Therefore for smooth functioning and higher profitability effective cash management is of paramount importance. It is the duty of finance manager not only to utilize cash properly but to determine minimum and maximum level of cash, so that profitability can be maximized without affecting the liquefy of the firm.

Title: A Conceptual Study On Creative Accounting

Authors: Dr. Nishi Kanta Mishra

Page 126-132

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Creative accounting is otherwise called as aggressive account. This can be possible by manipulating financial numbers usually within the letter of law and accounting standard. It is the accounting practice that follow required law and regulations but deviate from what those standards intend to accomplish. The present study deals with the areas of creative accounting where there is a possibility of manipulating the accounting standards for private gain. The areas like regulatory flexibility, inadequate regulation, managerial consideration, desired impression in the accounts, artificial transaction and reclassification of financial numbers are some of the areas where creative accounting can be possible by the company. Generally the managers are motivated to adopt creative accounting practice in the organizations. Existence of tax levy, confidence of the share holders and psychological expectation of the management are some of the motives behind this practice. The study highlight some of the ethical perspective of creative accounting practice by the managers of the company. This is due the
managers consideration for duty to refrain than duty to act motive. Creative accounting can be prevented in the organizations when the managers are interested to follow some guide lines like uniform accounting procedure, appointment of a professional auditor, introduction of ethical training practice to all the employees, effective control over risk factor and preparation of internal check list of the organization. It has been observed from this study that creative accounting is not only harmful for the company but also dangerous for the society. The law of corporate responsibility should be with the managers of the organizations so that they can be motivated not to practice creative accounting in their enterprise.

Title: Accounting For Human Resources : An Overview

Authors: Gagandeep Josan

Page 133-136

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The importance of a human being as an asset has been realized since times immemorial. Vedvyas in the Mahabharata has stated for man i.e. nothing is superior to man. Alfred Marshall has expressed their importance by saying. The most valuable of all capital is the investment in human beings. In fact, no other single factor is more important in securing stability, development and profitability of an enterprise either in the short run or in the long run than the human beings. It
is a pity that an asset which has been treated so important has remained neglected; so far as its valuation and recording in books of accounts is concerned.

Title: Optimum Working Cash Balance : A Need

Authors: Nitish Khurana

Page 137-140

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One of the primary responsibilities of the financial manager is to maintain a sound liquidity position of the concern so that the dues may be settled in the time. The firm needs cash not only for purchasing raw material and paying wages but also for payment of dividend, rent, interest, taxes and many other purposes. The optimal level of cash is determined by the trade-off between transaction cost and opportunity cost as shown in the following figure. Thus, cash balance is maintained for transactions purposes and an additional amount may be maintained as safety of buffer stock by the firm.

Title: Bank assurance : A New Set Up

Authors: Dr. Priyamvada Soral, Monika Panchal

Page 141-143

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BANKASSURANCE’ as term itself tells us what does it means. It’s a combination of the term ‘Bank’ and ‘Insurance’. It means that Insurance companies have started selling their product through banks .It’s a new concept to Indian market but it is very widely used in western and developed countries. It is profitable both to banks and insurance companies and has a very bright future to be the most developed and efficient means of distribution of Insurance product in very near future. In India, Bankassurance is guided by the Insurance Regulatory and Development Authority Act (IRDA), 1999 and Reserve Bank of India. All banks and insurance companies need to meet particular requirements to get into Bankassurance business.

Title: Ten Commandments & Investment Stages For Young Profession

Authors: Archana M. Dusad

Page 144-147

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This paper includes 10 commandment for young professionals for their better and safe secure future. You are just few years into career and it feel great to earn and be on your own. You are not dependent on anyone else, financially. These are the years when your capacity of earning is higher as comparative to your earning capacity in old age. As you are financially sound the entire responsibility of maintaining finance well is yours. These are the years when you have lesser responsibilities to cater to. So that you should make the most of these financially and make a good base for yourself and which will helpful for you in future too.

Title: Social Audit In Nrega

Authors: Suresh Saini

Page 148-153

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A social audit refers to an audit of all processes and procedures under the Scheme, including Wage Payments, Muster Rolls, etc. It normally involves a scrutiny of all documents and records of work done. This is a process by which the people, the final beneficiaries of any scheme, programme, policy or law, are empowered to audit such schemes, programmes, policies and laws. A social audit is an ongoing process by which the potential beneficiaries and other stakeholders of an activity or project are involved from the planning to the monitoring and evaluation of that activity or project. It thereby tries to ensure that the activity or project is designed and implemented in a manner that is most suited for the prevailing (local) conditions, appropriately reflects the priorities and preferences of those affected by it, and most effectively serves public interest. To put it in a simpler way, social audit can be described as checking and verification of a programme/ scheme implementation and its results by the community with the active involvement of the primary stakeholders. Social audit covers the quantity and quality of works in relation to the expenses incurred/ disbursement made, number of works/ materials used and also selection of works and location of works. The aim is effective implementation and control of irregularities. Administrative machinery should extend full support in carrying out a social audit by the community.

Title: Microfinance - A Tool For Poverty Allevation

Authors: Anubha Bhandari Gemawat

Page 154-162

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One of the greatest challenges before the Indian sub- continent which accommodates more than one-third of the population is poverty. India, one of the BRIC nations with more than 1.2 billion population is seen by many developed countries as an emerging economy. Government of India with its concern started various poverty alleviation programs but they have failed to deliver the objectives to the level which is desired. The microfinance has come forward to fill up the gap, but the outreach is too small. Microfinance refers to small savings, credit and insurance services extended to socially and economically disadvantaged segments of society. It is emerging as a powerful tool for poverty alleviation in India. This working paper tries to outline the prevailing condition of the Microfinance in India in the light of its emergence till now. The prospect of Micro-Finance is dominated by SHGs (Self Help Groups) -Banks linkage Program. Its main aim is to provide a cost effective mechanism for providing financial services to the poor. The paper discovers three distinct aspects of microfinance, first
growth of microfinance in India and some other countries; secondly it discusses the role played by NABARD and other National Banks in growth of SHGs and Grameen Bank. Third, it prevails gap in functioning of MFIs such as practices in credit delivery, lack of product diversification, customer overlapping and duplications, consumption and individual loan demand with lack of mitigation measures, less thrust on enterprise loans, collection of savings/loans and highest interest rate existing in micro finance sector. The paper discusses the factors and theoretical position associated with evolution of microfinance and its role in
global scenario. Finally paper concludes with practicable suggestions to overcome the issues and challenges associated with microfinance in India and its role in global scenario.

Title: Exchange Traded Funds : A New Investment Opportunites

Authors: Dr. Manish B Vyas, Dr. Sunita N Dhote

Page 163-168

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Exchange Traded Funds (ETFs) are Index Funds which are listed and traded on stock exchanges. They are the outcomes of Financial Engineering which has opened a whole new landscape of investment opportunities in retail as well as for the portfolio managers at lower cost than other forms of investing. ETF includes Index like S&P CNX Nifty or BSE Sensex. ETFs trading value is based on the net asset value of the underlying stocks that it represents. It is as good as a Mutual Fund that you can buy and sell in real-time at a price that change throughout the day. ETFs are new type of mutual fund that were first available in 1993. They have grown to the extent of $80 billion in size globally. This paper provides an operation of ETFs with the analysis of top 10 performers in India with respect to their returns.

Title: Significance Of Diagnosis And Prognosis To Improve Operational Efficiency In Automotive And Military Vehicle Sectors

Authors: Ajay N. Palkar

Page 169-176

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The new generations of Vehicles- Passenger, Commercial & Military have seen an exponential development in on-board electronic systems, which control increasingly wide spectrum of the functionality. Electronics, Electrical systems and Software which form the nodal element of Embedded Systems defined by the increasing demands from the customers for Power, Emission, Infotainment, Comfort, Safety and Assistance. This creates time to market pressures, eventually shortened development times to cope up with the increasing and flexible demands. A large number of embedded systems are in use, and the number continues to increase thereby increasing the complexity of both hardware and software. Enormous amount of data / information is being shared in real time every second. Hardware & software integrity is must to ensure better performance and reduce maintenance & warranty costs. Diagnosis and Prognosis are the methods to assess the health condition and reliability of systems for the purpose of minimizing operational reliability and safety. The objective is to define the scientific approach to enhance the reliability of embedded systems that are designed and implemented by different suppliers. Information & Communication technology is mainly used for Intelligent Transportation System. It is necessary to structure the available data for on-board / in the cloud processing to improve the overall efficiency.

Title: A Better Investment Alternative : Systematic Investment Plan (Sip)

Authors: Mrs. Priya Soni, Prof. Renu Jatana

Page 177-188

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The capital market in India has been growing tremendously with the reforms in economy i.e. reforms of industrial policy, reforms of public sector and reforms of financial sector, the economy has been opened up with less protective business environment and many alterations have been taking place in the Indian primary and secondary market. To provide better investment opportunities to small mutual fund industry has introduced systematic investment plan (SIP). This document will be emphasizing on comparative analysis of various investment plans and opportunities available to the investors. The main aim is to look at the importance and intensification of SIP. It also focuses on comparative analysis of mutual fund lump-sum plan and SIP. This study is based on a sample of 4AMC’s for comparative study of SIP and lump-sum and for the purpose of understanding investors predilection, a questionnaire method was adopted among 50 investors. For the calculation of return the time period is taken from 1 November 2007 to 31 March 2012.

Title: Ethical Management In India : A Dream Unquenched

Authors: Daisy Sharma

Page 189-193

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Alarming rate of corruption scandals in India have put a question mark on the ethical management in this nation known for being the cradle of civilization. Eyebrows are raised when ethics are discussed for organization in the face of growing corruption, increasing disparity between people and rapidly reducing profit margins. The prevailing unethical environment in India and Dearth of ethics in Indian management has basically a chicken egg type relationship where one causes for other and reinforces it further. The inherent social, cultural and psychological reasons along with organizational apathy are the factors behind unethical management scenario of today. Most of the organizations blame it on the system as if they are compelled to be unethical. The solution to remove or control these factors completely rests on the adherence to Indian ethos at two levels: The individual and Organizational. Until we shed our belief that ethics is a matter of personal choice and has nothing to do with organizational behavior nothing solid can be achieved in this field but there is a long way for this to happen till then we can rely on individual examples to sustain the ethics in management. The objective of this paper is to find out the causes of unethical behavior and define how Indian ethos can improve the scenario of management.

Title: The Companies Act, 2013 : Issues, Challenges And Key Highlights

Authors: Ram Gopal Meena

Page 194-201

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The 2013 Act introduces significant changes in the provisions related to governance, emanagement, compliance and enforcement, disclosure norms, auditors and mergers and acquisitions. Also, new concepts such as one-person company, small companies, dormant company, class action suits, registered values and corporate social responsibility have been included. The changes in the 2013 Act have far-reaching implications that are set to significantly change the manner in which corporates operate in India. In this publication, we have encapsulated the major changes as compared to the 1956 Act and the potential implications of these changes. We have also included, where relevant, the provisions of the draft rules, which have been issued by the Ministry of Corporate Affairs (MCA) till date for public comments. Such inclusions have been highlighted with an apteryx at the end of the sentence. However, please note that these are only draft rules and will undergo changes before being notified.

Title: A Study On Working Conditions And Developmental Issues Of Women Labourer In Unorganized Construction Sector In Bhadrak District Of Odisha

Authors: Dr. Nabaghan Mallick

Page 202-211

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The study intends to conduct a comprehensive survey on problems of female workers in un-organized construction sectors in Bhadrak District. The study is based on primary sources of collection of data from field survey with personal interviews In the survey a random sample collection from 420 female workers and 512 male workers working in agriculture and nonagriculture sectors from seven Panchayat from Bhadrak District. It is found that, poor women labourer of construction sector are suffering a lot. They have the fear of health hazard & death. They are exploited in wage rate. There is sexual harassment by the Labour contractor. They are not aware of labour laws passed by the Govt. for their welfare. So every effort must be taken by the Govt. and NGOs to protect their interest to achieve their welfare, so that the women sector & the economy as a whole will prosper & develop.

Title: Empirical Study On Lean Accounting In India

Authors: Ms. Rakhi Gupta

Page 212-217

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The term ‘Lean’ became common during the 1980s and 1990s, due to the book ‘Lean Thinking’. In September 2005, at the Lean Accounting Summit in Detroit, co-sponsored by AME, the definition of Lean Accounting and the description of Principles, Practices and Tools of Lean Accounting were documented. In fact, lean manufacturing, is a complete business system including an advanced manufacturing techniques that fully combines the just-in-time (JIT), total quality management (TQM), total preventive maintenance (TPM), Value Engineering (VE), and Target Costing. Lean Accounting seeks to reduce the steps in the implementation process, to eliminate standard prices to actual prices, and to stop the expense allocations. Also, the lean control operation focuses on performance measurement system and emphasizes the social and behavioral controls.

Title: Concept Of Carbon Credits

Authors: Lokesh Agarwal

Page 218-222

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Earth’s environment is a rich heritage handed over to us by previous generations. The present civilization has involved us in varied activities. We have been witnessing changes in severe weather conditions and shift in rainfall patterns across the world. These changes in the climate are directly or indirectly attributed to human activities that alter the composition of the global atmosphere in addition to natural climate variability. Such impacts of climate change would have far-reaching and unpredictable environmental, social and economic consequences. As everyone is aware, Carbon–di–oxide (CO2) is the major contributor to global warming. Everyday more and more CO2 and other Green House Gases (GHGs) are pumped into our atmosphere. This is causing rapid climatic changes, much against human welfare. In many parts of the world, the magnitude of pollution of environment has already reached at an alarming level. During fifties through sixties of the 19th century, peoples all over the world become more concerned about the quality of their environment. Well-known environmental tragedies, like the cause of mercury poisoning in Mina mate (Japan), severe smoke pollution episode in London and the massive oil spill caused by TERRY CANYON accident reinforced in people’s mind the sense that the quality of air, water and a wide range of other natural resources was being seriously degraded, the intensity of danger from chemicals can be gauged from the extent of havoc caused by the accident in a pesticide factory at Bhopal (India) on December 1984. The episode killed over 3,000 people, blinded several thousand and affected over 1, 50,000 people. The awareness of the environmental and man’s ability to cause damage started from the fifties of the 19th century.

Title: Generation Of Internal Resources

Authors: Dr. Anju Kansal

Page 223-227

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Profit is the primary motive force of all economic activities. "Profits are the soul of business without which it is lifeless. In fact profits are useful intermediate become towards which a firms capital should be directed" Profit is essential for all segments of society. "To the financial management profits are the test of efficiency and a measure of control, to the owners a measure of the worth of their investment, to the creditors the margin of safety, to the employees a source of
fringe benefits, to the Government a measure of taxable capacity and the basis of legislative action; to the country profits are an index of economic progress, national income generated and rise in the standard of living".

Title: Evaluation Of Cash Management

Authors: Shalini Mehta

Page 228-232

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Cash is the most important asset that a business should assess because Payment of bills has to be made in cash. Cash is a strange commodity. A business wants to get hold of it in the shortest time possible but to keep the least possible quantity on hand. If cash in not available in sufficient quantity on the proper time obligations could not be met in time and the company will become insolvent. Because of this the aim in cash management should be to maintain enough amounts. The following techniques as size of cash and banks balance, efficiency in use of cash and protection against loss of cash, can be used for managing cash in proper time.

Title: Impact Assessment Of Micro finance

Authors: Dr. Rekha Rani

Page 233-236

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Microfinance impact analysis is the process by which one determines the effects of as an intervention. The effects examined depend on the objective of the MFI. Generally the narrower the goal of the intervention, the less problematic is the impact analysis. MFIs may also be interested in impact analysis as a form of market research through which they can learn more about their client's needs and how to improve their services. Impact assessment can also contribute to budget allocation decisions. Broadly, impacts of microfinance activities fall into the following categories:

  • Economic impact of Microfinance
  • Social impact of Microfinance
  • Impact at a household level.
  • Promote gender equity and empowering women.
  • Impacts beyond the households.
  • Poverty deduction and social change.
  • Achieve universal primary education.
  • Combat HIV/AIDS, Malaria and other diseases.

Title: Role Of Human Resource Planning On Employees Performance

Authors: Ram Gopal Meena

Page 237-245

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The purpose of this study is to assess the role of Human Resource Planning in an organization. It was based on a case study of Planning is very important to our everyday activities. Several definitions have been given by different writers what planning is all about and its importance to achieving our objectives. It is amazing that this important part of HR is mostly ignored in HR in most organizations because those at the top do not know the value of HR planning. Organizations that do not plan for the future have fewer opportunities to survive the competition ahead. This paper will discuss the importance of HR planning; the six steps of HR planning that is: Forecasting; inventory, audit, HR Resource Plan; Auctioning of Plan; Monitoring and Control. Literature was reviewed from various sources on the role of the organization in the Human Resource Planning as well as the career development needs of the employees and the importance of career development and strategies the organization can adopt to facilitate it. The data collection instruments were consist of the questionnaire for the employees. The employees were grouped into clusters according to departments. Random sampling of was used in selecting the sample the number selected in each department will reflect the total number of employees in that department. Data collected were analyzed using descriptive statistics (percentages, frequencies, means, standard deviations figures and tables) to describe the population. The findings indicated the extent to which the organization was be involved in its human resource planning and the career development of its employees to assume the higher positions in the organization.

Title: A Comparative Study Of Milk Co-Operative Functional Socieites Of Dairy Co-Operative Federations In Punjab And Haryana States

Authors: Dr. Amandeep Singh, Kanwardeep Singh

Page 246-254

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A dairy industry plays an important role in the socio-economic development of India. The dairy cooperatives form an integral part of dairy industry in India. A dairy farming is the only agricultural activity that can be carried out throughout in Punjab and Haryana in all the seasons. Both the states dairy cooperative federations i.e. milk fed in Punjab and dairy fed in Haryana play an important role in procurement and selling of milk and milk products. They also advise, guide, assist and control of milk unions, milk plants and chilling centers working under purview of respective federations. This research paper is to study the Comparative Analysis of milk cooperative functional societies of dairy cooperative federations in Punjab and Haryana states. The secondary data have been collected from the various sources. For the analysis of collected data, mean, standard deviation, coefficient of variation, compound average growth rate (CAGR) and t-test are used. The period is taken 12 years i.e. 2001 to 2012- 13. The object of the study is to compare the performance of both the dairy cooperative
federations on the basis of milk Co-operative functional societies and to suggest suitable measures for performance improvement of dairy cooperative federation. From the analysis, it is concluded that overall performance of dairy fed, Haryana was better in future as compared to milk fed in Punjab.

Title: Corporate Governance In Real Estate Sector: Prospective Developments

Authors: Harish Kumar, Supriya Kamna, Pinki

Page 255-263

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India, as it stands today, is on the path of becoming the world’s third largest economy by 2020. Real estate continues to form a key ingredient for the success of India’s rising economy. Real Estate is not only a key economic sector in terms of its direct GDP contribution but with its forward and backward linkages with about 300 other sub-sectors of the economy such as cement, steel, paint, brick, building materials, consumer durables and so on. The real estate sector in India is witnessing rapid growth in the residential, commercial and industrial segments. Real estate development, once restricted to bigger cities, have shown marked progress in smaller cities and towns owing to availability of banks loans, higher earnings and improved standard of living. But in the absence of any regulatory body the sector is running without control and in the context of corporate governance the sector has no great reputation in India. Recent developments from the government will surely provide the needed transparency consequently good governance in the sector.

Title: Identifying The Common Sources Of Attrition: A Review Of Literature

Authors: Dr. Aditya Sharma, Mrs. Jaya Sharma

Page 264-268

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Employee attrition is a situation faced by an organization or employer when new employees joined leaves the organization to join other organization when he gets offers. Generally employee attrition will be very high when there is a pressing need of employees in a particular industry due to mass retirements or expansion of organization. Normally company faces higher attrition rate when there are more employment opportunities in the market by employers. This paper is an attempt to explore what already is known about attrition. For the purpose of the study the research articles were selected on random basis from various National and International Journals & Conference Proceedings.

Title: Service Trade Of Emerging Markets: Comparative Analysis Of Brazil, China And India

Authors: Dr. Pushpendra Misra, Dr. Mohd. Saif Alam

Page 269-276

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In the recent times emerging markets have liberalised their economy on almost all the fronts and service sector is no exception to it. There is more emphasis on services because of its contribution to GDP, employment, trade etc. On the trade front the share of services in exports has increased drastically and India and China are now the major players in service exports with rank of 6th and 5th. Service trade on the international platform is generally classified on the basis of modes prescribed under General Agreement on Trade in Services (GATS). There are four types of modes under which services trade takes place- Cross border supply, consumption abroad, commercial presence and movement of natural person. Under cross border supply and commercial presence much of the liberalisation has taken place but still lot had to be done in the other two modes i.e. consumption abroad and presence of natural person. This paper is will make a detailed study of Brazil, China and India in terms of share in world service exports, RCA in service exports, comparing their Service Trade Restriction index (STRI) with that of developed nations – Australia and USA.

Title: Economic Reforms And India?S Financial System: A Study Of Public Sector Banks

Authors: Dr. Indu Bala

Page 277-281

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It’s a widely accepted fact that a highly efficient financial system is a pre-requisite to speed up economic growth of any country. After 1991 India has gradually initiated specific reforms in financial sector to enhance its efficiency, productivity and profitability. India’s financial system is quite large which includes a variety banks, capital market institutions and a number of indigenous banking and financial institutions. Out of which Public Sector Banks are dominating the major part of banking business. The present paper compare and estimates the overall efficiency and total factor productivity change of all Public Sector Banks in the Pre and Post liberalization period, with the help of DEA model

Title: Business Process Outsourcing: Oh! Bpo - Structure And Chaos, Fun And Agony

Authors: Dr.M.K. Sharma, Ms. Deepika Kaurani

Page 292-294