Contents
1. Quality of Commerce Education in Indian Universities: An Empirical Presentation 1
Dr. Nawab Ali Khan
ABSTRACT
Today, the Indian System of business and commerce education is facing many challenges arising out of globalisation. The challenge of quality of business and commerce education has many dimensions, e.g., providing adequate physical facilities and infrastructure, making availability of adequate number of quality teachers, effectiveness of teaching-learning processes, attainment levels of students, etc. Besides the need to improve quality of our educational institutions in general, it is also imperative that an increasing number of them attain world-class standards and, as such, are internationally recognised for their quality. As compared to international standards, the Indian institutions (with a few exceptions) are far behind. There is an urgent need to fill this gap. In India, revamping the moral and intellectual strength of teaching community should not be delayed further for the bright future of our student community. On the basis of a sample survey, in the present paper, an attempt has been made to investigate the quality of business and commerce education imparted by Indian Universities. Consequently, formulation of a long-range strategy has been suggested to achieve excellence in business and commerce education through quality teaching.
2. Asset Liability Management System in Housing Finance Companies 13
Dr. Banarasi Mishra, Deepak Kumar Mishra and Shailesh Kumar Dwivedi
ABSTRACT
The classification of various components of assets and liabilities into different time buckets for preparation of Gap reports (Liquidity and Interest Rate Sensitivity) is the benchmark. HFCs which are better equipped to reasonably estimate the behavioural pattern of various components of assets and liabilities on the basis of past data/empirical studies could classify them in the appropriate time buckets, subject to approval by the ALCO/Board. A copy of the note approved by the ALCO/Board may be sent to the NHB.
The present framework does not capture the impact of premature closure of deposits and pre-payment of loans and advances on the liquidity and interest rate risks profile of HFCs. The magnitude of premature withdrawal of deposits during the periods of volatility in market interest rates is quite substantial. HFCs should, therefore, evolve suitable mechanism, supported by empirical studies and behavioural analysis, to estimate the future behaviour of assets, liabilities and off-balance sheet items to changes in market variables and estimate the probabilities of options.
3. Determinants of Corporate Profitability in India 21
Sandeep Kumar Rai
ABSTRACT
Performance is assessed from various angles and by different users from their own point of view but a financial analyst is judge the performance from profitability and growth point of view. In corporate sector, the shareholders are interested in profitability where as there management is interested in the growth of the company. Therefore both of these dimension, viz. profitability and growth should be considered while analysing performance of the company. This paper tries to find out the various factors, which determine the corporate profitability and growth in India. Although return on equity, return on assets, return on investment, growth in sales, growth in dividend and growth in net assets or net worth, etc. are the major determinants of the corporate performance in India. In this paper we also shows the major factors, which are responsible for lower profitability or performance in India are corporate taxation, technology, mix of product changes, volume of fluctuation and changes in costs.
4. Fringe Benefit Tax: Concept and Compliance 31
Rahul Kumar Singh and Pradeep Kr. Srivastava
ABSTRACT
With the notification of the Finance Act, 2005, the Fringe Benefit Tax becomes a law and every person falling within the definition of employer shall now be required to comply with the provisions relating minister in the Tax. The Hon’ble Finance Minister in the Finance Bill 2005 has proposed to levy tax in the hands of the employer in respect of the benefits being extended to the employer in respect of the benefits being extended to the employees by such employer. The objective, as stated by the Finance Minister, is the difficulty in isolating the personal elements in respect of the benefits for purposes of personal nature. After the introduction of the bill many issues were raised by the trade, industry, chamber, after extensive consolation and deliberations the initial proposal put forward in the Finance Bill 2005 was modified. The salient features of the initial proposal put forward in the Finance Bill 2005 were modified. The salient features of the Fringe Benefit tax after amendment and notification of the Finance Act, 2005 are as under:
5. Green Marketing – Attempts of Selected Companies 43
Dr. Jeet Singh and Dr. Preeti Yadav
ABSTRACT
Worldwide evidence indicates people are concerned about the environment and are changing their behaviour. As a result of this, green marketing has emerged which speaks for growing market for sustainable and socially responsible products and services. Today’s consumers are more concerned more than ever about the environmental impact of products they buy. Today’s consumers are becoming more and more conscious about the environment and are also becoming socially responsible. Therefore, more companies are responsible to consumers’ aspirations for environmentally less damaging or neutral products. Many companies want to have an early-mover advantage as they have to eventually move towards becoming green. Going green provides an opportunity to save cost as well as an opportunity to be a responsible corporate citizen.
This paper explores the need of Green Marketing. The paper tries to find out the reasons as to why companies going green. The paper examines the ways as how the companies are moving on to the path of green marketing and highlights the challenges of green marketing.
Environmental marketing is more complex than conventional marketing. It serves two key objectives: To develop products that have minimal impact on the environment and environmental compatibility with convenience; and Environmental sensitivity to both products attributes and its manufactures’ track record for environmental achievement.
6. Perspectives of International Human Resource Management 59
Madhuri Modekurti
ABSTRACT
With the opening up of the economies worldwide coupled with the effects of Globalisation, no sector is devoid of the new challenging business environments. Firms worldwide are adopting the strategy of going global; so as to tackle the current and impending ever changing environmental forms. So, with the “Going International” becoming a widely adopted strategy, this study tries to take stock of and analyse some of the different perspectives of International Human Resource Management.
7. The Dialectics of Advertising: The Search for an Indian Tradition 71
Devesh Ranjan Tripathi
ABSTRACT
A study of contemporary advertising need to take into account the influence of western aesthetics of representation on Indian advertising as well as the intertextuality between advertising and other Indian art forms. On the basis that advertising in India is situated within and in continuation with a long tradition of representational formats that are uniquely Indian, this paper examines the sign-system of advertising in the Indian context using a semiotic approach. The author suggests that the organisation of time and space in a society influence both, the technical and representational aspects of advertising, and goes o to examine the cultural construction and desire, reality, and identity as factors that influence the reception of advertisements in a culture. This paper thus, presents an argument for taking into consideration the unique position of advertising in Indian society and exploring creative options offered through the development of an indigenous aesthetic tradition.
8. Corporate Governance in the Context of Global Financial Crisis –
An Accountants View 81
Vinay K. Nangia and Samiksha Jain
ABSTRACT
“The age of reason has ended, and now we must organise around chaos.” – Watts Wacker. Collapse of various Wall Street firms, one after another has shaken the economy completely. The series of events happening at Wall Street has not only affected the US economy but has a global impact. In this article an attempt has been made to analyse the causes for the downfall of various firms and see how it impacts the global economy.
9. Emotional Intelligence—A Key to Performance 85
Priyanka Sharma
ABSTRACT
In the present era of the competitive and globalised world only thing which is constant is change. Wherein industrial and IT revolution has brought in newer technology and methods of work and production, market forces define the ways and means to sell the product/ services. Work force or human beings who are the building block of any work organisation are the primary recipients of this change process. They have to adapt to the change process for their survival in the organisations and for ensuring the survival of the organisation in the global world. For successful survival something more than cognitive capabilities named intelligence and knowledge are required amongst the work force, which is popularly known as emotional intelligence. The author of the present paper traces the roots of the concept of emotional intelligence and also outlines the need and importance of having higher emotional capabilities for better welbeing in general and enhanced performance at work place in particular.
10. Study of Parameters of Ranking of Commercial Banks with Regard to
Banking Regulatory Guidelines 93
Bindu Arora and Mukta Mani
ABSTRACT
This paper discusses the parameters of ranking of banks with regard to the banking regulatory guidelines. The banking regulatory guidelines have a significant impact on the performance of banks. Adherence to regulatory framework is one of the most important factors of assessing banking performance. Hence the ranking parameters should be oriented towards the measurement of the banks’ adherence to regulatory guidelines.
For ranking of banks, the most common parameters are CAMEL, i.e., Capital adequacy, Asset quality, Management, Earnings and Liquidity. Discussion of these parameters with regard to regulatory guidelines revealed that to assess the capital adequacy, capital to risk weighted assets ratio, tier 1 CRAR, tier 2 ratio, coverage ratio, market value of equity and ownership structure are the important parameters. For asset quality, large exposures to net operating flow, investments to total assets, total exposure to sensitive sector to total assets, delinquent loans to total assets, net charge offs to average loans and non earning assets to total assets parameters can provide a better picture of performance. The discussion also revealed that for management quality profit per employee, profit per branch and asset liability management and use of information technology are useful parameters. And for assessment of earnings, return on assets, return on equity, net interest margin, net interest income and non interest income to total income ratio are important parameters.
11. The Determinants of Consumer Behaviour 103
Sweta Maheshwari
ABSTRACT
We are all consumers. Each of us undertakes many forms of consumer behaviour during our lives. The reasons for our behaviour are not always clear. Our actions as consumers are really difficult (and sometimes also impossible) to predict and to explain. The consumption system operates and it is an integrated part of our daily lives. As a consumer we are all unique and this uniqueness is reflected in the consumption pattern and process of purchase. The study of consumer behaviour provides us with reasons why consumers differ from one another in buying, using products and services. We receive stimuli from the environment and the specifics of the marketing strategies of different products and services, and responds to these stimuli in terms of either buying or not buying product. In between the stage of receiving the stimuli and responding to it, the consumer goes through the process of making his decision.
12. The Impact of Internal Control on Material Utilisation 113
Dr Ajay Dwivedi and Hagos Mekonnen
ABSTRACT
The purpose of the study is to identify factors affecting the effectiveness of internal control system in an organisation. Based upon a case study of a public sector undertaking in Tigray, Ethiopia, the paper examines how internal control system’s quality, management support, organisational setting, and the interplay among these factors, influence internal control effectiveness. The findings of the study highlight that internal control effectiveness is strongly influenced by internal control quality and management support, whereas organisational setup also have a strong impact on internal control effectiveness. Study also highlights that there is no proper internal control system in the office of the construction for irrigation in Tigray, Ethiopia and they will have to learn a lot in order of being properly framed managed.
