The study initiated with the questioning about the relation among economic growth, energy use in ... more The study initiated with the questioning about the relation among economic growth, energy use in industries and environmental pollutants of countries in the world. This research work uses cubic function for which data collected in both time series and cross section the panel econometric models such as pooled OLS, unit root tests, co-integration, ADL models were used. This study measures the relationship between CO 2 emissions, energy consumption and economic growth. The research advocates that the correlation among CO 2 , energy consumption and economic development in major countries of the world on both co-integration and individual crosscountry results. The study also recombed on the lower time period as well as long term relation embrace environmental protection plan such as re-usable sources, greenery development as directed by United Nations Framework Convention on Climate Change and other Environmental agencies in the world and vis versa to control on carbon emissions in coming years.
This paper uses a restricted factor model to estimate the HICP index excluding relative prices ch... more This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to This paper analyses the properties of the ...
Factors Affecting the Customer Satisfaction in Retail Market in India (With Special Reference to Delhi and NCR Customers, 2014
Although producers may sell directly to consumers, it reduced the price of the product and increa... more Although producers may sell directly to consumers, it reduced the price of the product and increase profit of manufacturer because of deduction in the expenditure on the middleman, but such method of physical distribution of goods to ultimate customers are inconvenient, and time consuming as compared to the job performed by a expert retailer in the distribution channel. The manufacturers depend on the retailers to sell their products to the ultimate consumers and provide them a satisfactory distribution method. Customer satisfaction is very crucial for any business because satisfaction is effective tool to bring customers back and get positive response about business from the customers along with others, who may then try the product you offer for themselves and in their turn become loyal customers. In starting phase the retail industry in India was mostly unorganized; however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow around 30% every year after FDI increasing.
ENVIRONMENTAL ACCOUNTING AND REPORTING: AN ESSENTIAL COMPONENT OF BUSINESS STRATEGY , 2012
ABSTRACT
Environmental accounting is on an expansion path. With increasing social focus on the
... more ABSTRACT Environmental accounting is on an expansion path. With increasing social focus on the environment, accounting fills an expectation role, to measure environmental performance. Only stressing on the economic and industrial development unfortunately we, the Indian forget the importance of and the consequences of such forgetfulness gave birth to the remarkable incidence of the Bhopal chemical leak (1984), Tsunami in India (2004). Infect the industrial and business activity are directly or indirectly responsible for various environmental problems such as Global Warming, a rapid changes in climate, glacier meltdown, soil erosion, land degradation, deforestation, loss of biodiversity and pollution of all kinds such as water, air, marine, noise, light etc. A native American proverb states that, “only when the last tree is cut, only when the last river is polluted, only when the last fish is caught only when they will realized that you cannot eat money”. The issue of environmental responsibility and the sustainable industrial development has given to the birth of new branch of accounting, i.e. environmental accounting and reporting. Environmental accounting is relatively a recent entrant in the domain of accounting. It is the process of identification measurement and commutation of information in the environmental responsibility of the performance of an entity to permit economic decision. Environmental accounting first adopted by Norway in the 1970s and in India it is applied only the cements, oil and petroleum, power and electronics, steel, engineering and textile industries. For proper implementation of environmental accounting in India a large number of researches, discussion, accounting standard and regulatory frameworks is necessary. The status of environmental awareness provides a dynamic for business reporting its environmental performance. Examining the integration of environmental policy with business policy is the focus of this research. The business firm’s strategy includes responding to capital and operating AJRBF Asian Journal of Research in Banking and Finance Vol.2 Issue 4, April 2012, ISSN 2249 7323 Journal of Asian Research Consortium 86 http://www.aijsh.org costs of pollution control equipment. This is caused by increasing public concerns over environmental issues, and by a recent government-led trend to incentive-based regulation. This paper describes the environmental component of the business strategy, producing the required performance reports and recognizing the multiple skills required to measure, compile and analyze the requisite data. Special emphasis of the research is on generation of reports and their standards, for the range of business and regulatory purposes. KEYWORDS: Environmental Accounting, Business Strategy, Environmental Reporting, Environmental policy.
DEVELOPMENT AND EXPERIMENTATION OF INSTRUCTIONAL PACKAGE FOR ENHANCING AWARENESS ON LOGISTICS MANAGEMENT AMONG STUDENTS AT HIGHER SECONDARY LEVEL, 2020
Education for logistics management considered as a part of commerce education specified in the pr... more Education for logistics management considered as a part of commerce education specified in the present curriculum of higher secondary school system. It contained in plus two business studies text book. Logistics management is the core part of marketing management and it described in the chapter marketing in business studies syllabus. The concept of logistics management as an integrative activity in business concept has developed within last twenty five years. It is the process of strategically managing the movement and storage of materials, parts and finished inventory from supplier through the firm to consumers. Logistics Management is the process of strategically managing the movement and storage of materials, parts and finished inventory from supplier through the firm to consumers. There are wide professional opportunities in this new emerging area as so many innovative courses come across related with this area recently viz; logistics management diploma courses, degree on logistic management etc. The investigator directly talked with Directors of some logistics management institutes and they revealed that the commerce students have lesser interest to join logistics courses compared with other subjects students. But this area is fully attached with commerce stream. Logistics management field involve large number of quicker job opportunities. With this in mind, the investigator made an attempt to the development of an instructional package for enhancing awareness on logistics management among commerce students at higher secondary level. From the study it can be concluded that the developed package is effective for enhancing awareness on logistic management among higher secondary commerce students; can be implemented in our learning platforms which are relevant and significant.
Factors Affecting the Customer Satisfaction in Retail Market in India (With Special Reference to Delhi and NCR Customers), 2014
Although producers may sell directly to consumers, it reduced the price of the product and increa... more Although producers may sell directly to consumers, it reduced the price of the product and increase profit of manufacturer because of deduction in the expenditure on the middleman, but such method of physical distribution of goods to ultimate customers are inconvenient, and time consuming as compared to the job performed by a expert retailer in the distribution channel. The manufacturers depend on the retailers to sell their products to the ultimate consumers and provide them a satisfactory distribution method. Customer satisfaction is very crucial for any business because satisfaction is effective tool to bring customers back and get positive response about business from the customers along with others, who may then try the product you offer for themselves and in their turn become loyal customers. In starting phase the retail industry in India was mostly unorganized; however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow around 30% every year after FDI increasing.
RELATIONSHIP BETWEEN ECONOMIC GROWTH AND PUBLIC EXPENDITURE THROUGH WAGNER’S LAW: AN ANALYTICAL STUDY IN INDIAN PERSPECTIVE, 2013
Every government also tries to avoid the condition of fiscal deficit and to control their Public ... more Every government also tries to avoid the condition of fiscal deficit and to control their Public Expenditure and Revenue. In this order, fiscal policy is the center point of development, which is the fundamental instrument to control the trade cycle in the economy. Fiscal policy has considered a center stage in policymaking. A striking feature of public expenditure in India is its continuous increase since independence. The Indian Government fiscal policy is in the center of the debates that is related to expenditure and revenue pattern of the government. Fiscal Policy should control their public expenditure and invest it in a proper direction so that faster, more inclusive and sustainable growth might be achieved according to the strategy of 12th five-year plan. However, in real, in India, many times continuously increase in fiscal deficit with reduction in growth (GDP) has observed. KEYWORDS GDP, Economic Growth, Public Expenditure, Government Expenditure, Real Per-Capita Government Expenditure etc.
Spreading out and generation of decent employment opportunities have always remained in focus as ... more Spreading out and generation of decent employment opportunities have always remained in focus as the major objective of economic reforms since first day of the planning. The employment elasticity to output that provides a numerical measure of how employment growth varies with growth in economic output, has been found higher in the post-reforms period in Haryana vis-à-vis India. However, significant inter-temporal deviations existed across different sectors. In the paper output, growth has been treated as a function of employment and productive growth. Over the year, the contribution of employment growth has decreased and that of productivity increased, more than 52 percent of growth is accounted by productivity growth while only 46 percent by employment growth at national level and in Haryana, the employment growth has contributed more than 71 percent and less than 27 percent by productivity growth, which exhibits a positive and strong relationship between economic growth and employment and productivity growth. In the light of these, the study focuses on the employment elasticity and decomposition of output growth into employment, productivity growth and their interaction in Haryana vis-à-vis
Income and consumption pattern of the households depend on many factors like assets, level of edu... more Income and consumption pattern of the households depend on many factors like assets, level of education, occupation and demographic characteristics. Saving in any community, thus, depends on these factors. Study is based on the secondary data collected from various published sources over time and space. The main objective of this study is to analyze the income of households from farm cultivation and see the trend of total income of selected cultivators in Haryana. The major source of data for the present study will be based on the ‘family budget of cultivators in Haryana’ published annually by Directorate of Economics and Statistical Organization, Planning Department and Government of Haryana during its various rounds of enquiries. Selected variable have been taken for the study of income from farm cultivators of households. In order to examine the objectives of the study, the Compound Average Growth Rate (CAGR) has been used which states change in variable year over year.
The study initiated with the questioning about the relation among economic growth, energy use in ... more The study initiated with the questioning about the relation among economic growth, energy use in industries and environmental pollutants of countries in the world. This research work uses cubic function for which data collected in both time series and cross section the panel econometric models such as pooled OLS, unit root tests, co-integration, ADL models were used. This study measures the relationship between CO 2 emissions, energy consumption and economic growth. The research advocates that the correlation among CO 2 , energy consumption and economic development in major countries of the world on both co-integration and individual crosscountry results. The study also recombed on the lower time period as well as long term relation embrace environmental protection plan such as re-usable sources, greenery development as directed by United Nations Framework Convention on Climate Change and other Environmental agencies in the world and vis versa to control on carbon emissions in coming years.
This paper uses a restricted factor model to estimate the HICP index excluding relative prices ch... more This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to This paper analyses the properties of the ...
Factors Affecting the Customer Satisfaction in Retail Market in India (With Special Reference to Delhi and NCR Customers, 2014
Although producers may sell directly to consumers, it reduced the price of the product and increa... more Although producers may sell directly to consumers, it reduced the price of the product and increase profit of manufacturer because of deduction in the expenditure on the middleman, but such method of physical distribution of goods to ultimate customers are inconvenient, and time consuming as compared to the job performed by a expert retailer in the distribution channel. The manufacturers depend on the retailers to sell their products to the ultimate consumers and provide them a satisfactory distribution method. Customer satisfaction is very crucial for any business because satisfaction is effective tool to bring customers back and get positive response about business from the customers along with others, who may then try the product you offer for themselves and in their turn become loyal customers. In starting phase the retail industry in India was mostly unorganized; however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow around 30% every year after FDI increasing.
ENVIRONMENTAL ACCOUNTING AND REPORTING: AN ESSENTIAL COMPONENT OF BUSINESS STRATEGY , 2012
ABSTRACT
Environmental accounting is on an expansion path. With increasing social focus on the
... more ABSTRACT Environmental accounting is on an expansion path. With increasing social focus on the environment, accounting fills an expectation role, to measure environmental performance. Only stressing on the economic and industrial development unfortunately we, the Indian forget the importance of and the consequences of such forgetfulness gave birth to the remarkable incidence of the Bhopal chemical leak (1984), Tsunami in India (2004). Infect the industrial and business activity are directly or indirectly responsible for various environmental problems such as Global Warming, a rapid changes in climate, glacier meltdown, soil erosion, land degradation, deforestation, loss of biodiversity and pollution of all kinds such as water, air, marine, noise, light etc. A native American proverb states that, “only when the last tree is cut, only when the last river is polluted, only when the last fish is caught only when they will realized that you cannot eat money”. The issue of environmental responsibility and the sustainable industrial development has given to the birth of new branch of accounting, i.e. environmental accounting and reporting. Environmental accounting is relatively a recent entrant in the domain of accounting. It is the process of identification measurement and commutation of information in the environmental responsibility of the performance of an entity to permit economic decision. Environmental accounting first adopted by Norway in the 1970s and in India it is applied only the cements, oil and petroleum, power and electronics, steel, engineering and textile industries. For proper implementation of environmental accounting in India a large number of researches, discussion, accounting standard and regulatory frameworks is necessary. The status of environmental awareness provides a dynamic for business reporting its environmental performance. Examining the integration of environmental policy with business policy is the focus of this research. The business firm’s strategy includes responding to capital and operating AJRBF Asian Journal of Research in Banking and Finance Vol.2 Issue 4, April 2012, ISSN 2249 7323 Journal of Asian Research Consortium 86 http://www.aijsh.org costs of pollution control equipment. This is caused by increasing public concerns over environmental issues, and by a recent government-led trend to incentive-based regulation. This paper describes the environmental component of the business strategy, producing the required performance reports and recognizing the multiple skills required to measure, compile and analyze the requisite data. Special emphasis of the research is on generation of reports and their standards, for the range of business and regulatory purposes. KEYWORDS: Environmental Accounting, Business Strategy, Environmental Reporting, Environmental policy.
DEVELOPMENT AND EXPERIMENTATION OF INSTRUCTIONAL PACKAGE FOR ENHANCING AWARENESS ON LOGISTICS MANAGEMENT AMONG STUDENTS AT HIGHER SECONDARY LEVEL, 2020
Education for logistics management considered as a part of commerce education specified in the pr... more Education for logistics management considered as a part of commerce education specified in the present curriculum of higher secondary school system. It contained in plus two business studies text book. Logistics management is the core part of marketing management and it described in the chapter marketing in business studies syllabus. The concept of logistics management as an integrative activity in business concept has developed within last twenty five years. It is the process of strategically managing the movement and storage of materials, parts and finished inventory from supplier through the firm to consumers. Logistics Management is the process of strategically managing the movement and storage of materials, parts and finished inventory from supplier through the firm to consumers. There are wide professional opportunities in this new emerging area as so many innovative courses come across related with this area recently viz; logistics management diploma courses, degree on logistic management etc. The investigator directly talked with Directors of some logistics management institutes and they revealed that the commerce students have lesser interest to join logistics courses compared with other subjects students. But this area is fully attached with commerce stream. Logistics management field involve large number of quicker job opportunities. With this in mind, the investigator made an attempt to the development of an instructional package for enhancing awareness on logistics management among commerce students at higher secondary level. From the study it can be concluded that the developed package is effective for enhancing awareness on logistic management among higher secondary commerce students; can be implemented in our learning platforms which are relevant and significant.
Factors Affecting the Customer Satisfaction in Retail Market in India (With Special Reference to Delhi and NCR Customers), 2014
Although producers may sell directly to consumers, it reduced the price of the product and increa... more Although producers may sell directly to consumers, it reduced the price of the product and increase profit of manufacturer because of deduction in the expenditure on the middleman, but such method of physical distribution of goods to ultimate customers are inconvenient, and time consuming as compared to the job performed by a expert retailer in the distribution channel. The manufacturers depend on the retailers to sell their products to the ultimate consumers and provide them a satisfactory distribution method. Customer satisfaction is very crucial for any business because satisfaction is effective tool to bring customers back and get positive response about business from the customers along with others, who may then try the product you offer for themselves and in their turn become loyal customers. In starting phase the retail industry in India was mostly unorganized; however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow around 30% every year after FDI increasing.
RELATIONSHIP BETWEEN ECONOMIC GROWTH AND PUBLIC EXPENDITURE THROUGH WAGNER’S LAW: AN ANALYTICAL STUDY IN INDIAN PERSPECTIVE, 2013
Every government also tries to avoid the condition of fiscal deficit and to control their Public ... more Every government also tries to avoid the condition of fiscal deficit and to control their Public Expenditure and Revenue. In this order, fiscal policy is the center point of development, which is the fundamental instrument to control the trade cycle in the economy. Fiscal policy has considered a center stage in policymaking. A striking feature of public expenditure in India is its continuous increase since independence. The Indian Government fiscal policy is in the center of the debates that is related to expenditure and revenue pattern of the government. Fiscal Policy should control their public expenditure and invest it in a proper direction so that faster, more inclusive and sustainable growth might be achieved according to the strategy of 12th five-year plan. However, in real, in India, many times continuously increase in fiscal deficit with reduction in growth (GDP) has observed. KEYWORDS GDP, Economic Growth, Public Expenditure, Government Expenditure, Real Per-Capita Government Expenditure etc.
Spreading out and generation of decent employment opportunities have always remained in focus as ... more Spreading out and generation of decent employment opportunities have always remained in focus as the major objective of economic reforms since first day of the planning. The employment elasticity to output that provides a numerical measure of how employment growth varies with growth in economic output, has been found higher in the post-reforms period in Haryana vis-à-vis India. However, significant inter-temporal deviations existed across different sectors. In the paper output, growth has been treated as a function of employment and productive growth. Over the year, the contribution of employment growth has decreased and that of productivity increased, more than 52 percent of growth is accounted by productivity growth while only 46 percent by employment growth at national level and in Haryana, the employment growth has contributed more than 71 percent and less than 27 percent by productivity growth, which exhibits a positive and strong relationship between economic growth and employment and productivity growth. In the light of these, the study focuses on the employment elasticity and decomposition of output growth into employment, productivity growth and their interaction in Haryana vis-à-vis
Income and consumption pattern of the households depend on many factors like assets, level of edu... more Income and consumption pattern of the households depend on many factors like assets, level of education, occupation and demographic characteristics. Saving in any community, thus, depends on these factors. Study is based on the secondary data collected from various published sources over time and space. The main objective of this study is to analyze the income of households from farm cultivation and see the trend of total income of selected cultivators in Haryana. The major source of data for the present study will be based on the ‘family budget of cultivators in Haryana’ published annually by Directorate of Economics and Statistical Organization, Planning Department and Government of Haryana during its various rounds of enquiries. Selected variable have been taken for the study of income from farm cultivators of households. In order to examine the objectives of the study, the Compound Average Growth Rate (CAGR) has been used which states change in variable year over year.
Quite frequently these days’ people talk about the very emerging sector – IndianInsurance sector ... more Quite frequently these days’ people talk about the very emerging sector – IndianInsurance sector in Globalised Era, both in academic sector and outside. Severalbooks has introduced year after year. But in most books very little attention ispaid to the various dimensions of this emerging sector of the country. Each one wants some security against risk and uncertainty and it was the idea that led to the birth of Insurance, which was also in the Vedic Period – the word ‘YOGKSHEM’ ( It was the kind of Insurance) is found in the RIGVEDA in this sense. Insurance is a valuable protection for life’s many uncertainties. Insurance sector is a growth orientated industry with a huge potential in India. The insurance industry in India has been growing at a remarkable pace after its opening to the private players (IRDA 2000). Entry of new players into the industry has increased the competition which facilitated insurance companies to design newer insurance products according to the needs of insured. This sector is highly money-spinning and the cabinet approved to raise the FDI cap 26% to 49% would be a step to enhance transformation in this sector and also cover large populations of our country. In a country like India where insurance penetration is not so high, after the approval of FDI 49% the penetration will be raised. Keeping all this in view the focus of this Book is to introduce about the Indian Insurance Sector in Globalised Era in to the range and complexity of issues and challenges at the time of global changes that pertain to the Indian Economy and development of Indian Insurance sector. The periscope study has been written with three sections, viz. (i) General Introduction of Indian Insurance Sector – Health Insurance, Micro Insurance, General Insurance, the role of Private Players in Indian Insurance industry and the use of Information technology. (ii). the evolving markets and strategies- the market potential in Rural areas and the impact of liberalization, privatization and globalization. (iii). the various regulations and management in insurance sector- Crime management and annuities, Insurance contracts and basics, Mitigating risk via Insurance Market and IRDA and Insurance sector in India. The book consists of eighteen chapters, well arranged in a coherent manner. It is hopedthat the humble effort made in the form of this book will assist in the accomplishment of the valuable knowledge as well as periscope result oriented information. This book is primarily intended to serve as a textbook and reference book, as well for Economics students, Management students, and Research Scholars in the concerned disciplines of various universities. It is hoped that the book shall provide the guidelines to all interested in the field of Insurance sector of one sort or the other. The book is, in fact, an outgrowth of my experience of teaching the subject to Under graduate students, Post graduate students and Research Scholars for the last several years. I am highly indebted to my students and learned colleagues for providing the necessary stimulus for writing on the emerging sector of our country. I am grateful to A.K. Publications and all those persons whose writings and works have helped me in preparation and publication of the book. I am equally grateful to Prof. (Dr.) R.L. Godara –Vice Chancellor Hemchandracharya North Gujarat University –Patan Gujarat for valuable suggestions and foreword of this book. I shall feel amply rewarded if the book proves helpful in the development of genuine studies in the field of Indian Insurance Sector. Enlightening remarks and positive suggestions are solicited. —Dr. Dhiresh Kulshrestha
Economic Revival in India: Issues and Challenges, 2018
Economic Revival of India is one of the globally discussed issues as India’s GDP is
estimated to... more Economic Revival of India is one of the globally discussed issues as India’s GDP is estimated to have increased by 6.6 % in 2017-18 and is expected to grow to 7.3% in 2018-19. According to IMF, India has emerged as the fastest growing major economy in the world and is widely expected to be one of the top three economic powers of the world over the next ten decades. India is backed by its robust democratic institutions and with the advent of the Modi government, Indian economy has shown several indications of revival of sluggish Indian economy. Some of the initiatives taken by the new government like Make in India, Start up India have started showing positive impact on the economic growth and development of the economy. In addition, the Union Budget of 2018-19 emphasized on strengthening of the agriculture sector, healthcare for the economically less privileged, infrastructure creation and improvement in the quality of education of the country. This book is an attempt to recognize the current developments and critically evaluate the Indian economy especially after the two major reforms including demonetization of the currency and introduction of GST in India. The book comprises of 29 thought-provoking chapters related to Gig economy, national policy on health, demonetization, role of artificial intelligence for economic revival, recent trends in banking sector, emerging issues of higher education in rural women, financing infrastructure development, revival of Agriculture with new strategies, tourism and economic development, SHGs, role of good quality governance, FDI, insolvency and bankruptcy, Digital India, Make in India. The engrossing chapters of the book will certainly enthral the reader with research articles and contemplate them to dream about New India - A Developed Nation. Dr. Dhiresh Kulshreshtha Prof. Sunil Jakhoria
Uploads
Environmental accounting is on an expansion path. With increasing social focus on the
environment, accounting fills an expectation role, to measure environmental performance. Only
stressing on the economic and industrial development unfortunately we, the Indian forget the
importance of and the consequences of such forgetfulness gave birth to the remarkable incidence
of the Bhopal chemical leak (1984), Tsunami in India (2004). Infect the industrial and business
activity are directly or indirectly responsible for various environmental problems such as Global
Warming, a rapid changes in climate, glacier meltdown, soil erosion, land degradation,
deforestation, loss of biodiversity and pollution of all kinds such as water, air, marine, noise,
light etc.
A native American proverb states that, “only when the last tree is cut, only when the last river is
polluted, only when the last fish is caught only when they will realized that you cannot eat
money”. The issue of environmental responsibility and the sustainable industrial development
has given to the birth of new branch of accounting, i.e. environmental accounting and reporting.
Environmental accounting is relatively a recent entrant in the domain of accounting. It is the
process of identification measurement and commutation of information in the environmental
responsibility of the performance of an entity to permit economic decision. Environmental
accounting first adopted by Norway in the 1970s and in India it is applied only the cements, oil
and petroleum, power and electronics, steel, engineering and textile industries.
For proper implementation of environmental accounting in India a large number of researches,
discussion, accounting standard and regulatory frameworks is necessary. The status of
environmental awareness provides a dynamic for business reporting its environmental
performance. Examining the integration of environmental policy with business policy is the
focus of this research. The business firm’s strategy includes responding to capital and operating AJRBF
Asian Journal of Research in Banking and Finance
Vol.2 Issue 4, April 2012, ISSN 2249 7323
Journal of Asian Research Consortium 86
http://www.aijsh.org
costs of pollution control equipment. This is caused by increasing public concerns over
environmental issues, and by a recent government-led trend to incentive-based regulation.
This paper describes the environmental component of the business strategy, producing the
required performance reports and recognizing the multiple skills required to measure, compile
and analyze the requisite data. Special emphasis of the research is on generation of reports and
their standards, for the range of business and regulatory purposes.
KEYWORDS: Environmental Accounting, Business Strategy, Environmental Reporting,
Environmental policy.
this order, fiscal policy is the center point of development, which is the fundamental instrument to control the trade cycle in
the economy. Fiscal policy has considered a center stage in policymaking.
A striking feature of public expenditure in India is its continuous increase since independence. The Indian Government fiscal
policy is in the center of the debates that is related to expenditure and revenue pattern of the government.
Fiscal Policy should control their public expenditure and invest it in a proper direction so that faster, more inclusive and
sustainable growth might be achieved according to the strategy of 12th five-year plan. However, in real, in India, many times
continuously increase in fiscal deficit with reduction in growth (GDP) has observed.
KEYWORDS
GDP, Economic Growth, Public Expenditure, Government Expenditure, Real Per-Capita Government
Expenditure etc.
Environmental accounting is on an expansion path. With increasing social focus on the
environment, accounting fills an expectation role, to measure environmental performance. Only
stressing on the economic and industrial development unfortunately we, the Indian forget the
importance of and the consequences of such forgetfulness gave birth to the remarkable incidence
of the Bhopal chemical leak (1984), Tsunami in India (2004). Infect the industrial and business
activity are directly or indirectly responsible for various environmental problems such as Global
Warming, a rapid changes in climate, glacier meltdown, soil erosion, land degradation,
deforestation, loss of biodiversity and pollution of all kinds such as water, air, marine, noise,
light etc.
A native American proverb states that, “only when the last tree is cut, only when the last river is
polluted, only when the last fish is caught only when they will realized that you cannot eat
money”. The issue of environmental responsibility and the sustainable industrial development
has given to the birth of new branch of accounting, i.e. environmental accounting and reporting.
Environmental accounting is relatively a recent entrant in the domain of accounting. It is the
process of identification measurement and commutation of information in the environmental
responsibility of the performance of an entity to permit economic decision. Environmental
accounting first adopted by Norway in the 1970s and in India it is applied only the cements, oil
and petroleum, power and electronics, steel, engineering and textile industries.
For proper implementation of environmental accounting in India a large number of researches,
discussion, accounting standard and regulatory frameworks is necessary. The status of
environmental awareness provides a dynamic for business reporting its environmental
performance. Examining the integration of environmental policy with business policy is the
focus of this research. The business firm’s strategy includes responding to capital and operating AJRBF
Asian Journal of Research in Banking and Finance
Vol.2 Issue 4, April 2012, ISSN 2249 7323
Journal of Asian Research Consortium 86
http://www.aijsh.org
costs of pollution control equipment. This is caused by increasing public concerns over
environmental issues, and by a recent government-led trend to incentive-based regulation.
This paper describes the environmental component of the business strategy, producing the
required performance reports and recognizing the multiple skills required to measure, compile
and analyze the requisite data. Special emphasis of the research is on generation of reports and
their standards, for the range of business and regulatory purposes.
KEYWORDS: Environmental Accounting, Business Strategy, Environmental Reporting,
Environmental policy.
this order, fiscal policy is the center point of development, which is the fundamental instrument to control the trade cycle in
the economy. Fiscal policy has considered a center stage in policymaking.
A striking feature of public expenditure in India is its continuous increase since independence. The Indian Government fiscal
policy is in the center of the debates that is related to expenditure and revenue pattern of the government.
Fiscal Policy should control their public expenditure and invest it in a proper direction so that faster, more inclusive and
sustainable growth might be achieved according to the strategy of 12th five-year plan. However, in real, in India, many times
continuously increase in fiscal deficit with reduction in growth (GDP) has observed.
KEYWORDS
GDP, Economic Growth, Public Expenditure, Government Expenditure, Real Per-Capita Government
Expenditure etc.
industry in India has been growing at a remarkable pace after its opening to the private players (IRDA 2000). Entry of new players into the industry has increased the competition which facilitated insurance companies to design newer insurance products according to the needs of insured. This sector is highly money-spinning and the cabinet approved to raise the FDI cap 26% to 49% would be a step to enhance transformation in this sector and also cover large populations of our country. In a country like India where insurance penetration is not so high, after the approval of FDI 49% the penetration will be raised.
Keeping all this in view the focus of this Book is to introduce about the Indian Insurance Sector in Globalised Era in to the range and complexity of issues and challenges at the time of global changes that pertain to the Indian Economy and development of Indian Insurance sector. The periscope study has been written with three sections, viz. (i) General Introduction of Indian Insurance Sector – Health
Insurance, Micro Insurance, General Insurance, the role of Private Players in Indian
Insurance industry and the use of Information technology. (ii). the evolving markets
and strategies- the market potential in Rural areas and the impact of liberalization,
privatization and globalization. (iii). the various regulations and management in
insurance sector- Crime management and annuities, Insurance contracts and basics,
Mitigating risk via Insurance Market and IRDA and Insurance sector in India. The
book consists of eighteen chapters, well arranged in a coherent manner. It is hopedthat the humble effort made in the form of this book will assist in the accomplishment
of the valuable knowledge as well as periscope result oriented information.
This book is primarily intended to serve as a textbook and reference book, as well
for Economics students, Management students, and Research Scholars in the
concerned disciplines of various universities. It is hoped that the book shall provide
the guidelines to all interested in the field of Insurance sector of one sort or the
other. The book is, in fact, an outgrowth of my experience of teaching the subject
to Under graduate students, Post graduate students and Research Scholars for the
last several years. I am highly indebted to my students and learned colleagues for
providing the necessary stimulus for writing on the emerging sector of our country.
I am grateful to A.K. Publications and all those persons whose writings and works
have helped me in preparation and publication of the book. I am equally grateful
to Prof. (Dr.) R.L. Godara –Vice Chancellor Hemchandracharya North Gujarat
University –Patan Gujarat for valuable suggestions and foreword of this book. I
shall feel amply rewarded if the book proves helpful in the development of genuine
studies in the field of Indian Insurance Sector. Enlightening remarks and positive
suggestions are solicited.
—Dr. Dhiresh Kulshrestha
estimated to have increased by 6.6 % in 2017-18 and is expected to grow to 7.3% in
2018-19. According to IMF, India has emerged as the fastest growing major economy
in the world and is widely expected to be one of the top three economic powers of the
world over the next ten decades. India is backed by its robust democratic institutions
and with the advent of the Modi government, Indian economy has shown several
indications of revival of sluggish Indian economy. Some of the initiatives taken by the
new government like Make in India, Start up India have started showing positive impact
on the economic growth and development of the economy. In addition, the Union
Budget of 2018-19 emphasized on strengthening of the agriculture sector, healthcare
for the economically less privileged, infrastructure creation and improvement in the
quality of education of the country.
This book is an attempt to recognize the current developments and critically
evaluate the Indian economy especially after the two major reforms including
demonetization of the currency and introduction of GST in India. The book comprises
of 29 thought-provoking chapters related to Gig economy, national policy on health,
demonetization, role of artificial intelligence for economic revival, recent trends in
banking sector, emerging issues of higher education in rural women, financing
infrastructure development, revival of Agriculture with new strategies, tourism and
economic development, SHGs, role of good quality governance, FDI, insolvency and
bankruptcy, Digital India, Make in India.
The engrossing chapters of the book will certainly enthral the reader with research
articles and contemplate them to dream about New India - A Developed Nation.
Dr. Dhiresh Kulshreshtha
Prof. Sunil Jakhoria