Paper Title

FINACIAL INCLUSION IN INDIA

Abstract

Financial inclusion denotes delivery of financial services at an affordable cost to the vast sections of disadvantaged and low-income groups. Access to finance especially by the poor and vulnerable groups is prerequisite for poverty alleviation, employment, social upliftment and economic growth. Financial inclusion has become one of the most critical aspects in the context of inclusive growth and sustainable development in the developing countries like India. The Government of India and the RBI have been making concerted efforts to promote financial inclusion as one of the important national objectives. The government of India & RBI has out with a major initiative towards ensuring the inclusive growth through financial inclusion so that the access of financial service will reach to the mass population.
The banking industry has shown tremendous growth in volume and complexity during the last few decades. Despite making significant improvements in all the areas relating to financial viability, profitability and competitiveness, there are concerns that banks have not been able to include vast segment of the population, especially the underprivileged sections of the society, into the fold of basic banking services. Internationally efforts are being made to study the causes of financial exclusion and designing strategies to ensure financial inclusion of the poor and disadvantaged. The reasons may vary from country to country and hence the strategy could also vary but all out efforts are being made as financial inclusion can truly lift the financial condition and standards of life of the poor and the disadvantaged.

KeyWords: Poverty alleviation, Social upliftment, Economic Growth, Financial Viability.

Paper Title

GROWTH & DEVELOPNMENT OF NBFC IN INDIA

Abstract

NBFCs are emerging as an alternative to mainstream banking. Besides, they are also emerging as an integral part of Indian Financial System and have commendable contributions towards Government’s agenda of financial Inclusion.. NBFCs form an integral part of the Indian Financial System. They have been providing credit to retail customers in the underserved and unbanked areas. Their ability to innovate products in consonance to the needs of their clients is well established. They have played a key role in the development of important sectors like Road Transport and Infrastructure which are the life lines of our economy.
NBFCs have been supplementing the role of the organized banking sector by bridging the credit gaps, i.e., in meeting the increasing financial needs of the corporate sector, delivering credit to the unorganized sector and to small local borrowers. NBFCs have enjoyed a more flexible structure than banks in the organized sector. From time to time, the Central Government as well as Reserve Bank of India have been working towards regulation of these NBFCs. The Department of Non-Banking Supervision of RBI has been indulged in these activities of regulating as well as supervising the NBFCs. They are competitive and complimentary to banks and financial institutions .Many steps were taken in 1995-96 to reduce controls and remove operational constraints in the banking system. These include interest rate decontrol, liberalization and selective removal of Cash Reserve Ratio (CRR) stipulation, enhanced refinance facilities against government and other approved securities.

KeyWords: Poverty alleviation, Social upliftment, Economic Growth, Financial Viability.

Paper Title

MERGERS AND ACQUISITONS IN INDIA

Abstract

The purpose of this paper is to study the concept of merger and acquisition in detail by taking example of some companies like Freecharge — Snapdeal, AdiQuity(Mobile and Network) – Flipkart, mobile marketing startup Toro — Google. Both merger and acquisitions are used for the growth of businesses in the twenty first . Merger and Acquisition can allow enterprises to grow, shrink, change the nature of their business or improve their competitive position From a commercial and economic point of view, both types of transactions generally result in the consolidation of assets and liabilities under one entity, and the distinction between a “merger” and an “acquisition” is less clear.
In an unwilling acquisition the management of target company and oppose a move of being take over. When management of acquisition and target company mutually and willing agree for the takeover is called acquisition or friendly takeover recently Yahoo merger with Verizon , merger and acquisition are aimed to at improving productivity of a company and profits and other side the objective is also reduce the expenses of the firm this paper discussed bout a post merger benefits by Freecharge — Snapdeal.

KeyWords: Merger and acquisition, enterprise, management, business expansion, takeover, mutually, consolidation.

Paper Title

MICROFINANCE IN INDIA

Abstract

In a country like India where 70 percent of its population lives in rural area and 60 percent depend on agriculture (according to the World Bank reports), micro-finance can play a vital role in providing financial services to the poor and low income individuals. Microfinance is the form of a broad range of financial services such as deposits, loans, payment services, money transfers, insurance, savings, micro-credit etc. to the poor and low income individuals. The importance of micro-finance in the developing economies like India cannot be undermined, where a large size of population is living under poverty and large number of people does not have an access to formal banking facilities.
Microfinance is a form of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group. In some regions, for example Southern Africa, microfinance is used to describe the supply of financial services to low-income employees, which is closer to the retail finance model prevalent in mainstream banking. There are two broad approaches that characterize the microfinance sector in India is Self Help Groups (SHGs)-Bank linkage programme and Microfinance Institution (MFIs). In India microfinance is dominated by Self Help Groups (SHGs)-Bank linkage programme aimed at providing a cost effective mechanism for providing financial services to the unreached poor.

KeyWords: SHG ( Self Help Group) , MFI(Microfinance Institution), World Bank, payment services, Money transfer

Paper Title

PAYMENT BANKS IN INDIA: NEW LAND MARK IN BANKING SECTOR

Abstract

The term “Payment Banks” is new and seems to have been invented in Indian context. In September 2013, a “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households”, headed by Nachiket Mor, was formed by the RBI. By January 2014, the Nachiket Mor committee submitted its final report and one of its recommendations was the formation of a new category of bank called payments banks.. The Main objectives of setting up of payments banks will be to further financial inclusion by providing (i) small savings accounts and (ii) payments/remittance services to migrant labour workforce, low income households, small businesses, other unorganized sector entities and other users.
These banks can accept a restricted deposit which is currently limited to 1 lakh per customer account. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.Payments banks are expected to revolutionise financial services the way e-commerce has transformed the retail industry, through service and price differentiation, refreshing approach, choice to the customer, focus on volumes over margins, and more importantly, deconstruction of established paradigms

KeyWords: Payments Banks, Small Saving accounts, Payments/ remittance, e-commerce,, online and mobile Banking.

Paper Title

ROLE OF FINACIAL SYSTEM IN INDIAN ECONOMY

Abstract

Finance holds the key to achieving long-term growth prospective for any country. As the economy grows and becomes more complex and market-oriented, the financial sector starts playing a crucial role in supporting growth by channeling domestic and foreign capital into productive investments. Increasing access to the financial system is also a main concern for making growth more balanced and sustainable, from both economic and social perspectives.
Financial systems one of the industries in an economy. It performs certain essential functions for the economy including maintenance of payment system, collection & allocation of the savings of society and creation of a variety of stores of wealth to suit the preferences of savers. It is a link between the saving & investments by providing the mechanism through which savings of savers are pooled and are put into the hands of those able & willing to invest by financial intermidateres. The role of financial system is thus, to promote savings and their channelization in the economy through financial assets that are more productive than the physical assets. Developing countries attach great importance to financial sector development and deepening in the pursuit of their poverty reduction goal. By mobilizing savings, facilitating payments and trade of goods and services, and promoting efficient allocation of resources, the financial sector is seen as playing a critical role in facilitating economic growth and, directly through broadening access to finance and indirectly through growth, contributing to poverty reduction

KeyWords: Economic, poverty reduction, Financial services, Finacial Intermidaters, Fiancial Assets, Foreign Capital

Paper Title

RISK MANAGEMENT ARCHITECTURE IN BANKS UNDER RESERVE BANK OF INDIA GUIDELINES

Abstract

Risk Management has assumed greater importance in the backdrop of failure of many banks globally. Basel Committee on Banking Supervision (BCBS) consisting of senior executives of banks, Supervisory Authorities (RBI) from various countries, brought out guidelines for Basel-I in 1988, Basel-II in 1999 and Basel-III in 2011. Based on these guidelines, RBI issued comprehensive guidelines from time to time (Basel-II during 2002 and Basel-III in June 2013 and also revised guidelines of RBI issued during July every year). The objectives of the guidelines are to improve risk management system, sufficient capital adequacy, risk governance, supervisory oversight by RBI, Management control. Broadly the steps involved include risk identification, risk assessment, risk monitoring, risk mitigation and control and risk reporting (internally) and risk disclosure (externally).

Key words : Basel-II, Basel-III, Risk Management Architecture, Capital Adequacy (CRAR), Supervisory Review and Evaluation Process (SREP) and Risk Capital assessment and adequacy (Pillar-2) and , Market Discipline (Risk Disclosures – Pillar-3, Market Risk, Credit Risk, Operational Risk, Risk identification, Risk Assessment, Risk Monitoring, Risk Control, Risk Reporting, Risk Training.

Paper Title

CURRENT STRATEGIES IN ASIAN MEDIA SECTOR

Abstract

In the information age represented by the Internet and World Wide Web, the language representation online has evolved from the mono-linguality of one English language into the multi-linguality of more than 1000 languages across the world.
As a natural outcome, multi-lingual websites have become a common ground for online communication for people across national boundaries. With the Internet population becoming more multi-lingual, there will be a greater demand for new Information Technologies and services to provide solutions to meet the following:
Challenges:
Language Barriers, Cultural Barriers, Technological Barriers, Technical Barriers, Political Barriers, and Legal Barriers, etc.
In current as well as in the future, challenges will exist in terms of global E-Commerce is how to make multi-lingual content retrievable by search engines such as Google, Yahoo, MSN, etc.
Solutions:
Website Globalization [Website Globalization + Website localization], Website Translation, Unicode Adoption, Machine Translation, Internationalization, etc.
There exists a vast online market for multi-lingual information availability, therefore along with the booming multi-lingual website design services; there is also the need for multi-lingual Search Engine Optimization [SEO]. These services will certainly help the company and the individual to meet these challenges and thus having more competitive edge in E-Commerce.
Future trends will definitely provide positive solutions to the challenges of Multi-lingual Issues related with Data Transmission, Access to Information through Websites which in the Asian Perspective is An Important Key to stabilize the Asian IT Sector.

Key words : Mono-linguality, Multi-linguality, E-Commerce, Website Glocalization, Search Engine Optimization.

Paper Title

JALDURG OR ISLAND FORTS IN THE COASTAL REGION OF MAHARASHTRA-HISTORY OF SUSTAINABLE WATER UTILIZATION

Abstract

The history and development of culture are intrinsically linked to availability of water and its sustainable utilization. The coastal forts of Maharashtra have witnessed a rich plethora of historical developments. Many local as well as foreign powers fought very bitter battles on and off the field to rein control over 80 strong coastal forts in Maharashtra. But the real strength of these forts has always been the availability of resources inside the fort which enabled the local rulers to protect their forts against mighty attackers for months. The most precious resource on the island fort has always been sweet, fresh and potable water and almost 35 of them have shown us the way of managing water sustainably in the most distinguished manner.

Paper Title

IMPACT OF EXCHANGE RATE ON BANK’S BALANCE SHEET

Abstract

Foreign Exchange risk arises when a bank holds assets or liabilities in foreign currencies and impacts the earnings and capital of bank due to the fluctuations in the exchange rates. No one can predict what the exchange rate will be in the next period, it can move in either upward or downward direction regardless of what the estimates and predictions were. This uncertain movement poses a threat to the earnings and capital of bank, if such a movement is in undesired and unanticipated direction. This study captures various needs why does banks hold foreign currency assets, the impact of exchange rate movement and various risk mitigation measures. Author of this paper acknowledges the help taken from the write up on the subject spread over various web pages. A few of which has been has been referred in the webliography

Paper Title

HEALTHCARE MANAGEMENT

Abstract

Healthcare management is one of the dynamic and ever evolving fields which are responsible for providing healthcare solutions to individuals in different regions or countries. It involves management of healthcare institutions hospitals healthcare providers and public healthcare system which work independently or interrelatedly to pursue a common goal of betterment of societies at large. Healthcare management in developed countries is specialized and segregated whereas it is still in its nascent stages in various developing nations. Public services or government in different countries pay special attention towards healthcare administration so as to provide quality health solutions to its citizens well-being. Healthcare managers are individuals or groups of people who act as the central point of control within hospitals and ensure the effective movement of resources within a healthcare institution.

Paper Title

SUSTAINABLE DEVELOPMENT AND LAW

Abstract

Sustainable development has a common definition as “development which is basically needed of present without any compromises and ability of future generations to meet their own needs” in short it can be also defined as development which is sustainable, well as development is one kind of improvement towards the quality of human beings life and their environment where sustainability can be observed. Sustainable development and law can be termed as an emerging corpus of legal principles and instruments which point out the intersection between economic, environmental and social law which includes human rights law also towards development that can lasts for the benefits of present and future generation.

Keywords: (sustainable development, special laws for the justice of victims of human trafficking)

Paper Title

EMPLOYEE ENGAGEMENT: A DRIVER OF ORGANIZATIONAL EFFECTIVENESS

Abstract

Employee engagement has emerged as a popular organizational concept in recent years. It is the level of commitment and involvement of an employee towards the organization and its values. An engaged employee is aware of business context, and works with colleagues to improve performance within the job for the benefit of the organization. Employee engagement develops positive attitude among the employees towards the organization. This paper focuses on various factors which lead to employee engagement and what should company do to make the employees engaged. Proper attention on engagement strategies will increase the organizational effectiveness in terms of higher productivity, profits, quality, customer satisfaction, employee retention and increased adaptability.

Paper Title

STUDY OF ACCEPTANCE OF CONTACTLESS PAYMENTS USING NEAR FIELD COMMUNICATION (NFC) TECHNOLOGY IN MUMBAI AND CHENNAI WITH RESPECT TO AGE, EDUCATIONAL BACKGROUND AND OCCUPATION

Abstract

Banking has evolved from a traditional branch banking setup to a computerized era. Banking was completely dependent on large infrastructure of branch network and accounts were maintained in large ledgers in manual setup. The emergence of computers and technology has revolutionized the way banking and payment works.
Banking moved from branches to electronic form via internet banking. Payments which were done by cash and cheque instruments saw the emergence of electronic movement of funds. The electronic transmission of funds is much faster and cost effective. However, such a transfer protocol is also ridden with risk.
The payments world is evolving at greater pace with the retail revolution with all major retail chains now being available online. Not, only retail chains, but other utility payments as well as other facilities like travel booking etc have gone online in a remarkable way.
The usages of cards, like ATM cards, Debit cards and Credit cards have also seen a significant increase in past few years. The general usage of cards is done by swiping the same at POS (Point of Sale) terminal.
The new type of card which is emerging right now is contactless card using the Near Field Communication (NFC) technology. Such a card needs to be tapped or, waved at a close proximity of the merchant terminal to complete a transaction.
This paper intends to study the acceptance of such a contactless payment mode amongst two major metropolitan cities in India, Mumbai and Chennai and tries to establish a relation with the age of the citizens who are willing to use such a technology for doing their payments.

Paper Title

THE INDIAN ENVIRONMENTAL LAWS AND CLIMATE CHANGE

Abstract

World facing the threatening issue is the emergence of Global Warming due to climate change for very existence of life on earth. Global climate change is the utmost severe environmental anxiety caused due to accumulation Global Warming which was due to rise in levels of Green House Gases into the atmosphere. The impact of climate change is severe in developing nation like as India. In our nation the impact climate change adversely affect the forestry, agriculture, natural resources, as well as change in the temperature. The important legislations relating to environmental protection enacted by parliament. This paper discusses the concept of climate change, its impact of environment, the present legal position of climate change in India with an overall prospective future and the judicial activism played by the Indian judiciary in protecting the environment against climate change and global warming. A alteration in worldwide climate change patterns apparent from mid of twentieth century onwards, accredited mainly to the increased level of atmospheric (CO2) carbon dioxide produced by the use of fossil fuels A study of climate change is important from this perspective because it is considered that if human activities that causes detrimental climate change is not curtailed, the survival of entire human race is under jeopardy. Ever since man started discovering the sector of nature owing to scientific inventions and knowledge, he has utilized discovered knowledge to destroy nature itself.

Keywords- Global Warming, climate change, environmental protection, atmosphere.

Paper Title

AN APPRAISAL OF BIODIVERSITY, SOCIETY AND TECHNOLOGY

Abstract

Nature is abundant and we are blessed with these abundance. Abundance is a powerful word and man wants to be in the realm of abundance. Since the dawn of the civilization man has learned to harness nature and conquer it so as to pave their path for convenience and man with his ingenuity and struggle has made them established. Homo sapience as a species is the only species who has managed to change the course of nature to make it habitable and comfortable. Man with his hand and brain could construct industries which manufacture machines, bulldozers, excavators, trenchers, dynamite, loaders, scrappers and many more. Man took time to and evolved from the Stone Age to the age of information and digitization. In the process of growth and development the material wellbeing and the place for living is given emphasis so the paradigm that we are built in is to be habitable there has to be abundance of material flow in the form of products and the surroundings has to be designed for the convenience of the species homo sapience. Human mind has evolved to watch the surroundings and transform it for its own and at the same time humans are endowed with the ability to appreciate the nature. Aesthetics is the sense of feeling one with the beauty and nature provides with ample places and spaces where one can get struck with the splendid beauty of nature. Consider the rolling waterfall, a savannah, a natural landscape with thousands of butterflies around, a vast stretch of land all these can trigger man to get contemplative. The poets and the writers get inspiration from nature.

Paper Title

PERFORMANCE EVALUATION OF REGIONAL RURAL BANKS WITH REFERENCE TO TELANGANA GRAMINA BANK, HYDERABAD

Abstract

The Banks have been in existence for around three decades in the Indian financial scenario. Inception of regional rural banks (RRBs) can be seen as a unique experiment as well as experience in improving the efficiency of rural credit delivery mechanism in India. With joint shareholding by Central Government, the concerned State Government and the sponsoring bank, an effort was made to integrate commercial banking within the broad policy thrust towards social banking keeping in view the local peculiarities. The genesis of the RRBs can be traced to the need for a stronger institutional arrangement for providing rural credit. Their equity is held by the Central Government, concerned State Government and the Sponsor Bank in the proportion of 50:15:35. RRBs were supposed to evolve as specialized rural financial institutions for developing the rural economy by providing credit to small and marginal farmers, agricultural laborers, artisans and small entrepreneurs. The study is diagnostic and exploratory in nature, and makes use of secondary data. The study found that the performance of Telangana Gramenna Bank in Hyderabad branches has significantly improved over time, as steps for their improvement were initiated by the Government of India after the amalgamation process.
Keywords: Performance, RBI, Priority Sector, Advances, Rural Credit, NPA, Key Performance Indicators, Regional Rural Banks.

Paper Title

A BRIEF HISTROY OF HUMAN RESOURCES MANAGEMENT AND IT’S ROLE IN THE ORGANIZATION

Abstract

Human resource development has become an essential component the development process. This is due to the fact that any development process is driven by the human factor. In this paper provides data about how HRM helps and how does it again benefit to the organization. Human resource training and development (HR T&D) in manufacturing firms is a critical aspect of the development of a knowledge-workforce in Malaysia. The objective of this study is to examine challenges to the effective management of HR T&D activities in manufacturing firms in Malaysia. In order to achieve this objective, in-depth interviews were conducted with 58 HR managers managing employees’ training and development, employing a purposive or judgmental sampling technique. The study revealed three major challenges to the effective management of HR T&D. These include a shortage of intellectual HRD professionals to manage HR T&D activities, coping with the demand for knowledge workers and fostering learning and development in the workplace. It is hoped that the findings of this study will provide HR professionals with a clear understanding and awareness of the various challenges in managing effective HR training and development. Hence, relevant and appropriate policies and procedures can be developed and implemented for an effective management of HR T&D.

Paper Title

THEORETICAL STUDY ON IMPACT OF RETAILERS ON CUSTOMER SATISFACTION

Abstract

Fashion gives people an opportunity to satisfy many emotional and practical needs. Fashion can be used to communicate with other, develop their own identity and to gain acceptance from other. This study was conducted in the Gant Stores around metropolitan area in March 2008 and the intention was to find out what customers think about the appearance, products and service of Gant Stores Gant is a premium life style brand for men and women. Business success in today’s competitive markets requires a high understanding and respect of the customer. Customers are demanding, have more money to spend and have a wide collection of goods and services to choose from.

Paper Title

ROLE OF FINANCIAL INSTITUTIONS IN THE DEVELOPMENT OF MICRO AND SMALL INDUSTRIES IN INDIA

Abstract

The Small Enterprise Information and Research Centre Network (SENET), was launched in April 1997. SENET has been awarded the golden icon national award 2005 for “Best Documented Knowledge Resource” under professional category by the Department of Administrative Reforms and Public Grievances (DARPG), Government of India. In August 1984, the Government of India passed an Act converting the Industrial Reconstruction Corporation of India (IRCI). It is Industrial Reconstruction Bank of India (IRBI) the IRBI was established in March 1985 to take over the IRCI. The IRBI was to function as the principal all India credit and reconstruction agency for industrial revival, assisting and promoting industrial development and rehabilitating industrial concerns. The Tamil Nadu Investment Corporation Limited is an apex state level financial institution primarily intended for assisting the small and medium scale industrial units. Until the 1970’s conventional Development Finance Corporations were considered as a main vehicle for channelling loan funds to small industries. The Bank under study may have specialized branches in each district to the loan requirements of the small-scale industries. Adequate delegation of power at the branch level may be given so as to avoid several layers of hierarchy in granting loans to SSI units.

Paper Title

A STUDY ON LEADERSHIP DEVELOPMENT PROGRAMS: BUILDING GREAT LEADERS

Abstract

Leadership development expands the capacity of individuals to perform in leadership roles within organizations. Leadership roles are those that facilitate execution of a company’s strategy through building alignment, winning mindshare and growing the capabilities of others. Leadership roles may be formal, with the corresponding authority to make decisions and take responsibility, or they may be informal roles with little official authority (e.g., a member of a team who influences team engagement, purpose and direction; a lateral peer who must listen and negotiate through influence). Leadership development is thought to be key to business success. A study by the Center for Creative Leadership holds that 65 percent of companies with mature leadership development programs drove improved business results as compared to 6 percent of companies without such a program. Similarly, 86% of companies with leadership development programs responded rapidly to changing market conditions whereas only 52% of companies with immature programs were able to do so.

Paper Title

NEED & IMPORTANCE OF CORPORATE GOVERNANCE IN INDIA

Abstract

Corporate Governance has been a central issue in developing countries long before the recent spate of corporate scandals in advanced countries. Corporate governance gained tremendous importance due to economic liberalization and deregulation of industry and business. Another important factor that has been responsible for the sudden exposure of the corporate sector to a new paradigm for corporate governance in tune with the changing times is the need and demand for greater accountability of companies to their shareholders and customers. The concept of corporate governance came in 1980’s when several companies collapsed worldwide. Then, at international level and in India – Government, SEBI, RBI and Ministry of Corporate Affairs had done sincere efforts to bring the changes in the operating system of board of directors, financial and non-financial disclosures, compliance with codes of corporate governance, competitive remuneration policy, shareholders rights and responsibilities, internal controls and company’s management.

Paper Title

A STUDY ON LENDING PROCESS OF VARIOUS LOANS WITH RESPECT TO PRIVATE AND PUBLIC SECTOR

Abstract

The major purpose of obtaining a loan is to accompanying assistance for the costumers to fulfil their needs. The major important benefits of loan are that the interest rate is less than that of the money lenders. So the people can choose the loan based on their requirement. The other advantage of these loans is EMI option. With the help of EMI option public can pay the principal along with the interest every month. The research provides the various loans available in the market and their rate of interest with respect to different banks.

Paper Title

CHANGE IN MANAGEMENT TECHNIQUES IN DIFFERENT REGIONS OF A COMPANY-A REVIEW

Abstract

The companies manage the risks of both their clients and their own risks. This requires an integration of risk management into the companies’ systems, processes and culture. The risk management process consists of a series of steps, which are establishing the context, identifying, analyzing, assessing, treating, monitoring and communicating risks, which allow continuous improvement of decision making (Standards Australia). By implementing risk management organization can reduce unexpected & costly surprises and effective allocation of resources could be more effective. It improves communication and provides senior management a concise summary of threats, which can be faced by the organization, thus ultimately helping them in better decision making. Forecasting enables companies to predict ahead, trend shifts or market turns, and makes it possible to plan for it. But looking into the future is never an easy task. The progress in techniques and management principles improves the moving load, delivery speed, service quality, operation costs, the usage of facilities and energy saving. Transportation takes a crucial part in the manipulation of logistic. Reviewing the current condition, a strong system needs a clear frame of logistics and a proper transport implements and techniques to link the producing procedures the paper is to define the role of transportation in logistics for the reference of further improvement.