General Impact Factor of Journal

Year JMME JCECS
2015 2.0778 1.7122
2016 2.3982 2.0546

Volume 06 No. 02 April, 2016

Title: Content

Page I-IV

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Title: International Business Landscape Of Saudi Arabia And Dubai: A Comparative Study Of Two Energy?Based Economies

Authors: ABM Abdullah, M. Saeed, James Ondracek & Andy Bertsch

Page 1-9

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The scientific evidence of climate change, the global economic crisis, and the increasing demand on global energy markets have collectively influenced an accelerated development of renewable energy sources. The increased pressures of renewable sources and the emergence of knowledge-based and innovation-based economies have, at times, run counter to underlying cultural influences in energy producing nations. Saudi Arabia and Dubai are two of the world’s largest producers of oil and gas. Although they are both oil rich nations with similar heritage, their approach to participating in the world energy markets, reliance on expatriates, investment in innovation and diversification are dissimilar. We compare and contrast Saudi Arabia and Dubai’s approach and investment in alternative and renewable energy sources and discuss the problems Saudi Arabia and Dubai are having with global energy markets and how they are trying to reconcile them. Our review includes manifested cultural differences (e.g., practices) that may suggest underlying differences in values.

Title: Empowerment: A Motivational Tool

Authors: Dr. K. S. Gupta

Page 10-20

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In this paper, the efforts have been made to establish a conceptual link between motivation and empowerment. The motivational theories have been relooked in today’s context. The cases have been used to strengthen the importance of the concept then and now. The empowerment concept has been developed by the researcher and a link to motivation is presented here. The empowering practices have been suggested. These would help in self motivating the individuals. No one can motivate others only one can inspire. The empowering practices would inspire to get motivated.

Title: Gold Banking In India : An Insurance Tool For Cad

Authors: Vishweswarsastry V.N, Arpitha

Page 21-36

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In this paper an attempt is made to explain the importance of gold banking which acts as a hedging tool in a volatile prices of gold in the market. The objective of the paper is to emphasize firstly on negative phase of gold imports and secondly researchers focus on the importance of Gold banking as a long term strategy for controlling CAD, thirdly to know the techniques for stimulating the existing alternatives for gold which helps in reduction of gold import and monetization of physical gold by mainly foraying into the Gold ETFs, Gold Bonds, Gold shares and gold Mutual funds for Emphasizing the gold ETFs. The Researchers applied a simple correlation to test the hypothesis on Gold and gold ETFs to find out the acceptability among two by HNI and QFI”s. Findings are “financial illiteracy” among our Indian rural community about gold related products and lack of Skill set policies for development of Gold ETFs and Financial Exclusion for non availability of products. The suggestion would be to start ETFs and gold bonds economically that includes monthly or quarterly payments where individuals are free in their payments breakups and correlating the gold ETFs with other Investment avenues and also developing an insight to showcase how Gold ETFs act as safety and Hedging tool against volatility. We also suggested for the introduction of close ended gold schemes with strict norms unlike stocks.

Title: Managerial Efficiency And Efficiency Model Of The Selected Banks Of Primary Land Development Banks In Rajasthan

Authors: Gaurav Lodha, Vinima Khokhawat

Page 37-42

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Agriculture forms the backbone of the Indian economy. It contributes 18.5 percent to the GDP and provides employment to about 52 percent of the total working population during the year 2006-07. Hence, the poor peasants in India are in search of timely credit. Co-operative banks and Land development banks were established on the principle of cooperation and to serve the poor peasants. The main function of these banks is to relieve the poor farmers from the clutches of money lenders. These are playing significant role in extending credit to the farm sector besides providing inputs, marketing and extension services. Particularly in the state of Rajasthan.

Title: Crowd Funding In Indian Context: An Alternative Or Full-Fledged Financing Source

Authors: Dr. Sunita Totala

Page 43-51

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A new opportunity to raise funds for new businesses enterprise startups is emerging in a form of collective financing: Crowd Funding is emerging as a new and innovative source of financing to fill some financing gaps for startups. The study has tried to attempt the relatively new trend in alternative financing; namely, Crowd Funding and its role in funding especially startups and new enterprises. For evaluating this, the study examines how Crowd Funding works. It has endeavored to trace the link between Crowd Funding in the context of the related concepts. The study examines the market for Crowd Funding in Indian context and the rationale of businesses to crowd fund their new ventures, given the challenges of capital access for fledgling enterprises. The market for Crowd Funding is examined in the context of different Crowd Funding models. It also evaluated its advantages and disadvantages to arrive at the conclusion whether it can serve as full-fledged source of financing or an alternative source of financing.

Title: A Study On Effectiveness Of Retention Strategies On Employees At Selected It Companies

Authors: N. Ramakrishna, V. Sarada

Page 52-58

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Retention of employees is an important function of the Human Resource Management. Employees are the assets of any organization and organization cannot afford losing its key performers. Organizations are striving to retain their talents by implementing effective retention strategies. The skills of the employees are to be retained for the development of the organization. When the employees work as a single unit, the company would fulfill all its promise to its employees. Besides, continuously satisfying the employees is another challenge that the employers are facing today. The present study tries to review the available literature on employee retention and the factors affecting employee retention and job satisfaction. It talks extensively about the problems faced by an organisation with respect to the high employee turnover. It elaborates on the effectiveness of retention strategies.

Title: Behavioral Finance : An Open-Minded Finance

Authors: Dolly Roy Choudhary

Page 59-65

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The traditional finance is backed by market tested theories like EMH, MPT and CAPM etc. With the change in market dynamics, these theories fail to explain the anomalies and real problems in the corporate finance. And therefore, behavioral finance, a new area emerged which considered non-financial parameters like sociology, psychology, emotional factors and overall personal behavior of market participants in the process of decision making. The field of behavioral finance is emerged after the prospect theory proposed by Kahneman and Tversky in 1979. After that many work has been done to study, understand and explain the financial anomalies but still no conclusive explanations are available. This paper is theoretical in nature discussing the journey of behavioral finance and its future prospect in the field of financial decision making.

Title: Financial Inclusion : A Driver For Inclusive Growth Of A Developing Nation

Authors: Dr. M. L. Sharma, Parul Bansal

Page 66-70

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Inclusive growth is the biggest challenge that the nation faces and it is very important to ensure that all the segments of society are part of this growth process, preventing any regional disparities from derailing such growth. Thus, there is an urgent need today to provide financial services to all households that are excluded from formal financial services. Here, it must be remembered that the financial sector is probably the only sector that has the ability to act as a facilitator and multiplier for overall economic growth and stability. Financial inclusion or inclusive financing is the delivery of financial services, at reasonable and affordable costs, to sections of disadvantaged and low income segments of society. Financial inclusion plays a catalytic role for the economic and social development of society. There have been many formidable challenges in financial inclusion area such as bringing the gap between the sections of society that are financially excluded within the ambit of the formal financial system, providing financial literacy and strengthening credit delivery mechanisms so as to improvised the financial economic growth. A country can grow economically and socially if it’s weaker and poor section can turn out to be financial independent. The paper highlights the basic features and role of financial inclusion for inclusive growth, and its need for social and economic development of the society. This paper also highlights the concept of financial inclusion in India and progress under Financial Inclusion Plans, All SCBs including RRBs. For analysing such facts data for the study has been gathered through secondary sources including report of RBI, books on financial inclusion and other articles written by eminent authors.

Title: Digital Transformation In The Indian Banking Industry

Authors: Smita Dayal

Page 71-76

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In today's world, banks are facing a number of challenges that collectively need to be addressed with a digital transformation. At the forefront of this are their customers. Bank's customers, especially the younger demographic, are changing faster than the banks, and are consequently driving the need for change in banks and financial institutions. Customers are adopting new technologies at unprecedented speeds. Their expectations are driven by their interactions with countless modern businesses, both online and offline, and the expectations are driven both by competing banks and non-banking businesses. The digital transformation is like a tightrope that must be traversed quickly. Banks must both speed their changes while having a pinpoint focus on outcomes and carefully avoiding falling down. It starts with taking an 'outside-in' view that forces the organization to change in a way that it is likely unaccustomed to. It requires a new look on setting priorities. At its core, the right approach will require a reinvigorated leadership and IT culture to make decisions and operate in new ways. Technologically, the bank's existing systems may be fundamentally designed for an older brick-and-mortar operating model that can't accommodate anyway/anywhere/anytime. Today's systems need to move and adapt faster and have performance levels capable of constant uptime and reliability.

Title: Role Of Ormas In Facilitating Promotion Of Sustainable Livelihoods In Kandhamal District Through Effective Harvesting Of Ntfps

Authors: Jyoti Prakash Mohanty, Dr. Suprava Sahu

Page 77-82

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Harvesting or collecting NTFP, processing and marketing has been a major livelihood option for people, especially for the tribals living in and around the forests. In Orissa, Sal and Siali leaves are a major source of income for the tribal people. A rough estimate shows that total trade from leaf plates and cups is about Rs 1000 crores. Despite a huge turnover from the trade, tribal women of this district were earning a meager income which is hardly sufficient for a decent livelihood. Sad to say that instead of tribal people ,the traders and middlemen have been earning good profit . It is important to say that DRDA in co-ordination with DSMS provided training under SGSY to members of SHG and women cooperatives on making of leaf plates and cups. In addition SHPI also facilitated promotion of finely stitched, machine stitched and pressing plates through exposure to upgraded technology and assured market support and as a result the tribal collectives have been able to get higher income. It is important to mention here in this connection that around 1000 rural poor women beneficiaries have got better self-employment with better returns and an irregular business model has taken a shape thereby stabilizing the business and assured return to beneficiaries. The paper presents success stories of two tribal women collectives that have received training in plate stitching and are now controlling the entire value chain through not only collection but also through processing and sale of their products.

Title: Study Of Behavioral Finance Techniques Related To Investors Attitude

Authors: Neha Agarwal, Dr. T.V. Raman

Page 83-88

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Behavioral Finance is a part of Finance that seeks to understand and explain the systematic financial market implications of psychological decision processes. It utilizes knowledge of cognitive psychology, social sciences and anthropology to explain irrational behavior that is not being captured by traditional rational based model. Behavioral Finance owes much too standard finance. Standard Finance introduced into finance the exacting rules of science, where theory leads to hypotheses and to empirical evidence that can support the hypotheses or reject them. Behavioral finance will never abandon the scientific method. For example, the disposition hypothesis predicts that people will realize gains in haste but procrastinate in the realization of losses. To check the applicability of Behavioral Finance, it is essential to conduct a sample survey among investors. Questionnaire has been designed to get the information. The study includes exploratory research. Sample size is 50 and drawn randomly from general investors includes brokers and financial institutions form NCR region.

Title: Internet Financial Reporting In World Scenario : The Need

Authors: Sonal Mehra

Page 89-95

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Innovation in the usage of information technology and communication (ICT) has set up a unique method in corporate management which includes distributing financial report direct to the investors, prospective investors, share holders and important personnel. Corporate information includes records of historical and financial data, descriptions of activities, information of the company, exposition of current situation and future plans, etc., that can be in multiple formats via website. As it is consistent to the internet development as a form of cheap and flexible but influential communication tools, exposures of financial information through the internet has gain its popularity as one of a famous research subject. The present paper aim to analysis the importance of Internet Financial Reporting in companies all over the world.

Title: Council For Advancement Of People Action And Rural Technology And Sustainable Development:

Authors: Satender

Page 96-100

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The Rural Development in India has been realised as one of the most important factors for the growth of the rural economy. As majority of the population, around 65% of the people, live in rural areas, the prime goal of rural development is to enhance the wellbeing of common masses and their socio-economic empowerment by alleviating poverty through the instrument of employment programmes, by providing basic social services to the rural people specially education, health facilities, safe drinking water, electricity, road connectivity, rural housing, etc. India has the largest rural population in the world. Sixty-nine per cent of Indian population, i.e. 833 million people, lives in rural areas. The population of rural India is about 12% of the world population, which makes it bigger than the size of Europe. Most of the rural people remain engaged in farm related activities. This paper tries to discusses the various institutions and organisations other than the market that can accelerate the pace of rural development by achieving a proper resource allocation and maximum social welfare.

Title: Awareness Of Health And Safety Measures Among Employees In Organizations: A Study

Authors: Dr. Rajeshkumar P. Patel, Dr. K.G. Chapatwala

Page 101-104

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Occupational health aims at the promotion and maintenance of the highest degree of physical, mental and social well-being of workers in all occupations. Occupational safety and health (OSH) is not an old science; however, the working conditions for workers in general and employees in particular are unsatisfactory in India. The fact that there is low awareness of safety measures and low frequency of their regular utilisation is a matter of concern. This may be due to various reasons like low level of education, lack of institutional training, age group structure and work experience along with non-adaptation of regulatory measures by concerned authorities for safety precautions. This study was envisioned to highlight the need for research in the area of occupational health which is a neglected issue in our country. It makes an attempt to bridge the information gap between the awareness and use of personal protective equipment (PPE) among employees in this part of the world.

Title: Profitability Test Of Selected Indian Companies Of Telecom Sector : An Overview

Authors: Dr. L. S. Bansal

Page 105-110

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Profitability ratios are highly used for modeling Purposes both by Practitioners and researchers. The firm involves many interested parties, like the owners, managers, Share Holder, Debenture holders, customers, suppliers, regulatory agencies and academics etc, each having their ideas or perceptions in applying financial statement analysis in their evaluations. Practitioners use profitability ratios, for instance, to forecast the future success of companies with reference to that the study concludes Airtel profitability is the highest among the other Telecom Ventures of India.

Title: Challenges And Future Recommendations Of Tourism Industry In Haryana

Authors: Mona Beri, Dr. Balwinder Kaur

Page 111-115

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Haryana tourism industry has come up as one of key drivers of growth among services sector. Haryana tourism industry is a sunrise industry, origin of foreign exchange for the country as foreigners come in craft mela and mango mela. There is need to take necessary step to improve the present scenario of Haryana tourism by extending facility. The main objective of this survey is to discuss problem related to financial constraints, tourism professionals, convincing tourism policy and hindrance of infrastructure. Researcher’s travelling experience, analysis of literature survey, and indirect oral discussions have suggested several recommendations for future of industry.

Title: Marketing Cost And Price Spread Of Raisins In Western Maharashtra : A Study

Authors: J. G. Mulani, Dr. N. Y. Rajeshirke

Page 116-121

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The present investigation was carried out to study marketing cost and price spread of green and yellow raisins in Western Maharashtra. The study was conducted in Sangli and Solapur districts on the basis of facility of raisins auction sale in Tasgaon, Sangli and Pandharpur Organized markets of Maharashtra State. Green and yellow types of raisins have been produced in the Western Maharashtra. Marketing cost of green raisins accounted for Rs.11.25 per Kg and yellow raisins for Rs.11.50 per Kg. Gross price received to the green raisin producers was Rs.150 per Kg and price paid by the consumers was Rs.225 per Kg. Gross price received to the yellow raisin producers was Rs. 140Per Kg and price paid by the consumers was Rs.195.

Title: Impact Of Corporate Tax On Industrial Growth Of Chemical Industry In India

Authors: Punam Sachdeva, Dr. Hem Chand Jain

Page 122-127

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Corporate tax is an important instrument of fiscal policy. Any change in corporate tax structure influences tax liability, the investment climate as well as growth of companies. In this context the present work analysis attempts to examine the impact of corporate tax on the growth of chemical industry over a period of 10 years i.e. from financial year 2005-2006 to 2014-2015. Tax incidence influences financial and non-financial variables signifying the growth of an industry. But this work is confined to five financial parameters selected as variables affecting industrial growth. Data of five variables namely profit after tax, gross fixed assets, capital employed, reserves and surplus, shareholder’s equity is collected for a period 10 years for selected companies. By using the average method for data compilation, it is observed that every year the performance of each variable in monetary terms is increasing than its previous years. These variables witness growth during the period under review i.e. 2005-2006 to 2014- 2015. Further linear regression analysis technique is used to know the relationship between corporate tax and the five selected variables signifying growth of chemical industry. The  esults of the present study reveal that all the five variables are significant contributors to its growth. It is concluded that the impact of corporate tax on chemical industry’s growth is favorable irrespective of the size of the company.

Title: Green Management : An Overview

Authors: Shivangi Dwivedi

Page 128-132

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Green management provides an aid to company works with the norms of corporate social responsibility through which they can attract customers, employees, shareholders, investors and stakeholders. It is very helpful in building three tier relationships between company, environment and customer. Green management has revolutionalized the way organization function, in order to carry out green management in the organization effectively and efficiently participation of employees must be received. Its impact can be seen on company, employee’s health and performance and customer’s perceptions. Green companies operate their business to meet their needs without compromising the ability of future generation to meet their own. Marketing and companies by using green management can boost brand recognition and gain a competitive advantage in the today’s market scenario. It calls for awareness about environmental issues, perfecting business policies and practices. By obtaining ISO certification or having some economic labeled products can eventually be the better way of pursuing competitive benefits.

Title: Digitalized Shg?S : Empowering Rural India

Authors: Dr. Sanjay Biyani, Shaifali Sharma

Page 133-137

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Self Help Group mean a small economically homogeneous and affinity group of poor people, preferably same socioeconomic background who have volunteered to organize themselves into a group for eradication of poverty of the members. These groups manually maintains their records and have limited activity of depositing and loaning of small sums only. Self-help groups are increasingly accepted as agent by social changes, development and empowerment among the
women. Considering current scenario and keeping in view the Government of India's mission for creating a digital India, need is being felt to empower rural and marginalized communities through ICT with the purpose of enabling them to integrate with the mainstream economy. This paper argues that uses of ICT will not only bring SHGs on a common web based e-platform by making book keeping easy for low literacy clients and making authenticated MIS for SHGs but uses of ICT can also prove pivotal in development of socio economic standards of rural people thru providing variety of information on various issues such as entrepreneurial activity guidance, product marketing, latest agriculture techniques, and many other nonfinancial issues such as Health, Livelihood opportunities, Education, Vocational Training & Disaster preparedness etc.

Title: Empirical Evidences Of Seasonality In Stock Markets: An Overview

Authors: Krishan Gopal, Kapil Choudhary, Sakshi Mehta

Page 138-141

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Efficient market hypothesis argues that the security prices adjust rapidly to the infusion of new information and therefore current security prices fully reflect all available information. Yet analysts and investors are engaging in the development of the investment strategies to earn abnormal returns discerning some anomalous pattern in the stock price movements. The purpose of this paper is review the empirical literature of seasonality in stock markets across the world. Most of the studies reported the negative mean return on Mondays and positive mean stock return on Fridays. Some studies documented evidences in the favour of the existence of the day-of-the week effect in some Asian markets including Hong Kong, Korea, Taiwan, Japan and Singapore. On the whole, the literature depicts that the various stock markets reported day-of-the-week effect i.e. the average return of a particular day is significantly lower (higher) than other days of the week and it can be a basis for development of the trading strategies to book profit for investors across the world.

Title: India?S Demographic Dividend: Realities And Possibilities

Authors: Dr. Amitabh Tewari

Page 142-148

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Demographic change in India is opening up new economic opportunities. As in many countries, declining infant and child mortality helped to spark lower fertility, effectively resulting in a temporary baby boom. As this cohort moves into working ages, India finds itself with a potentially higher share of workers as compared with dependents. If working-age people can be productively employed, India’s economic growth stands to accelerate. Theoretical and empirical literature on the effect of demographics on labor supply, savings, and economic growth underpins this effort to understand and forecast economic growth in India. Policy choices can potentiate India’s realization of economic benefits stemming from demographic change. Failure to take advantage of the opportunities inherent in demographic change can lead to economic stagnation. This study of the age composition of the population of a country has led to a concept which is called the Demographic Dividend.

Title: Total Quality Management In School Education: Lessons From Japan

Authors: Prof. D. S. Chundawat, Dalchandra Meghwal

Page 149-152

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The concepts formulated by Total Quality Management (TQM) founder, W. Edwards Deming, have been suggested as a basis for achieving excellence in schools. It is an opportunity to conceptualize a systematic change for schools. In this article, researchers discuss the framework for transforming schools using Deming’s 14 TQM principles.

Title: Financial Inclusion And Inclusive Growth : An Overview

Authors: Nazish Farooqui, Dr. Anjora Belcha

Page 153-156

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Financial Inclusion for inclusive growth is a topic of contemporary significance and relevance. This study besides establishing the growth enhancing role of bank-based financial intermediation through empirical evidence has also found that access to finance by the poor is a prerequisite for poverty reduction in order to achieve inclusive growth and sustainable economic development. The study has evaluated using appropriate statistical techniques the impact of financial inclusion efforts on the inclusive growth in the case of a developing economy like India by considering the most reliable data for the period from 1975 to 2015. The theoretical and empirical analysis leads us to conclude that bank led financial inclusion has definitive advantages for inclusive growth in developing economies.

Title: Investment Decision Making Behaviour Of Individuals : An Overview

Authors: Rajesh Gahlawat

Page 157-165

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This research documents that individual investors, underperform standard benchmarks (e.g., a low cost index fund), sell winning investments while holding losing investments (the “disposition effect”), are heavily influenced by limited attention and past return performance in their purchase decisions, engage in naïve reinforcement learning by repeating past Behaviours that coincided with pleasure while avoiding past Behaviours that generated pain, and tend to hold undiversified stock portfolios. These Behaviours deleteriously affect the financial well being of individual investors.

Title: Performance Evaluation Of Bharat Heavy Electricals Limited Through Profitability Ratios

Authors: Dr. Amit Kumar Nag, Dr. Binoy Arickal

Page 166-173

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The purpose of this paper is to investigate the BHEL’s profitability and to identify the variables that most affects its profitability. In this study, we have analyzed the profitability position covering a period of five years from 2010-11 to 2014-15, incorporating profitability ratios to study the profitability position of BHEL. Since, Profitability ratios are a tool for scientific evaluation of the profitability and financial strength of any business concern; the same has been used in the present research study. Through Profitability ratios we have attempted to assess how efficiently and effectively the business of BHEL is being carried on. By scrutinizing the result of the various ratios it can be stated that the profitability position of the BHEL was not that much satisfactory. Profitability of BHEL has been measured in terms of gross profit ratio, net profit ratio, return on gross capital employed, return on net capital employed; etc. Pearson’s correlation has also been used in the study.

Title: Empowerment Of Sc Women Through Entrepreneurship Development In India : A Study Of Perceptions Of The Sc Women In Their Empowerment

Authors: Subramanyam Mutyala, Himachalam Dasaraju

Page 174-188

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The present paper examines the abilities, skills and interest of SC women to get empowerment through entrepreneurship development. The socio-economic, psychological and cultural factors of one’s milieu naturally influence one in her effort to be an entrepreneur. But entrepreneur requires one to have courage, ambition, optimism, and ability to take risks. An entrepreneur, like any other careerist is not born but is made. Empowerment of Schedule cast women through entrepreneurship development has emerged as an important issue in recent times. The economic empowerment of women is being regarded as a Sine-quo-none of progress for a country; hence, the issue of economic empowerment of women is of paramount importance to political thinkers, social scientists and reformers. The Self Help Groups (SHGs) have paved the way for economic independence of rural women. The members of SHGs are involved in the Micro Enterprises. Through that, they are becoming economically independent and providing employment opportunities to others. “Economic empowerment of women led to development of family and community as well”.

Title: Role Of Multinational Corporations : An Overview

Authors: Rakhi Singla, Priya Mendiratta, Karishma Mendiratta

Page 189-191

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Developing countries are attracting a significant portion of global foreign dissects investment. Govt. of such countries often complete for attracting MNCs in the expectation of the advantage. They will bring to there economies, often prioritising economic goals over fundamentals human rights for a long time. Economists have analysed the economic impact of MNCs. While a parallel stand of work on political science, business ethics and international law in the repercussions of MNCs operations on human rights. Despite the significant relatedness and complementarities, these two bodies of literature have so far poorly interacted.

Title: Organization Behavior And Development : The Mediating Role Of Strategy

Authors: Dr. Rajeshkumar P. Patel, Dr. J. M. Rana

Page 192-196

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In the present market structures, organizations are strongly interested in implementing decision making processes that allow improving their internal and external functioning. Competitive market dynamics have been pressuring organizations to develop a series of actions in order to stimulate their strategic development. This fact has been leading organizations to be focused on developing learning capabilities, in order to deal with all the complexity, diversity and challenges that describe the environments where they act. Managers have already concluded that knowing how to change and when to change has become critical for survival in modern economies. Main conclusion is that the way the organizational change processes are perceived to be effective lead to an affective bond with the organization, which in turn, leads to job satisfaction. The relevance of the results and conclusions are interpreted focusing the impact of organizational change on relevant organizational behaviour dimensions, such as commitment and job satisfaction. The role of organizational communication and human resources management in these contexts are also discussed. This study is an effort to examine an association between Organizational Behavior with the mediating role of Strategy.

Title: Impact Of Llp On Entrepreneurship

Authors: Dr. Devendra Jarwal, Parshant Singla

Page 197-200

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This research paper is based on a pilot survey conducted as part of research project under the graduate level course. With random sample ten Limited Liability Partnerships (LLP) were selected as list available from the Ministry of Corporate Affairs website for the year 2012 -13. After the introduction of One person Concept in the recently enacted Companies Act 2013, we have also studied five one person companies who initially were the sole proprietorship firms and converted itself into the one person company. The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole- Proprietor and Company form of business, and has been provided with concessional/relaxed requirements under the Act and it is also providing concept of limited liability to the sole proprietor. But we have the concept of limited liability already existed in our country for more than two centuries and recently we have also allowed limited liability partnerships. While the Limited Liability Partnerships are hybrid form of partnership firms and private limited companies.

Title: Financial Inclusion : A Study Of Trends And Initiatives

Authors: Dr. Amit Kumar Singh, Dr. Suneel Kumar, Amandeep Singh

Page 201-210

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Most of the extant studies are theoretical based and not concentrate on trend analysis of financial inclusion. Financial inclusion is certainly not just a recent phenomenon. In India, the earliest effort at financial inclusion can be traced back to 1904, when the co-operative movement began in the country. A focal event in its evolution was the bank nationalization programme in 1969, when 14 major commercial banks were nationalised, and the lead bank scheme was, subsequently, introduced. As a consequence, branches were opened in large numbers across the nation, even in areas that were until then unreached by banks. In this paper we have taken the period 2005-2013 to study six variables which are important for the financial inclusion programme through a set of semi-log equations. The regression analysis shows that the growth of loan accounts with commercial bank have increase at the rate of 4.6% p.a. compounded annually. Similarly variable like ATM have increase sufficiently at the rate of 24% p.a. compounded annually, others variable increases sufficiently over a period of time.

Title: Culture Impact On The Organisational Performance

Authors: Swati Tiwari

Page 211-219

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Culture has always its impact on the working of the employee affecting the results or the output of the organization. It has been seen that the organizations which have good culture, the employees are efficient, their sustainability is more, they work in team and most important their relationship with their seniors is cordial. The researcher has studied the private bank culture, framed a questionnaire and given some suggestions to improve organizational culture, which would lead to effective and efficient working.