Archives

Archives Volume-2, Issue-1 (January-June)

Paper Title:: Micro Insurance in India: Current Barriers and Emerging Opportunities
Author Name:: Rajeshwari Rajput
Country:: India
Page No.:: 1-7

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Micro Insurance in India: Current Barriers and Emerging Opportunities

Author: Rajeshwari Rajput

In most developing countries social protection systems are underdeveloped and generally only cover employees with formal employment. Workers in the informal economy are left to their own devices, or rely heavily on the support of their community. Crises are recurrent features in the lives of the poor, often involve high expenditure and drive a poor family deeper into poverty. They are the most vulnerable ones and are the least capable of withstanding the adversaries and regain strength to normalize. Impact of risk is compounded for the poor due to their to their financial exclusion from savings, because banks find it unviable to maintain micro-savings account. In such conditions poor people protect themselves from risks by taking emergency loans. By depleting savings, by selling productive assets, by defaulting on loans and by reducing spending micro finance is the most important socioeconomic development of our times for combating poverty. With the concept of micro credit coming in picture, it had been proved that poor can become creditworthy if they form small groups. In the 90’s, numbers agencies involved in micro credit operations in India started adding other financial securities including micro insurance to its micro credit operations.
Key words: micro finance, micro insurance

Paper Title:: Exploring the Role of Non-Conventional Energy Resources in India’s Energy Landscape
Author Name:: Avinash Kumar Maurya, Krishan Kumar Rao
Country:: India
Page No.:: 8-15

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Exploring the Role of Non-Conventional Energy Resources in India’s Energy Landscape

Author: Avinash Kumar Maurya, Krishan Kumar Rao

Energy is the key input to drive and improve the life cycle. Primarily, it is the gift of the nature to the Mankind in various forms. The consumption of the energy is directly proportional to the progress of the mankind. With ever growing population, improvement in the living standard of the humanity, industrialization of the developing countries, the global demand for energy is expected to increase rather significantly in the near future. The primary source of energy is fossil fuel, however the finiteness of fossil fuel reserves and large scale environmental degradation caused by their widespread use, particularly global warming, urban air pollution and acid rain, strongly suggests that harnessing of non-conventional, renewable and environment friendly energy resources is vital for steering the global energy supplies towards a sustainable path. This paper describes in brief the nonconventional energy sources and their usage in India.

Paper Title:: A Study of Corporate Governance Practices for Maintaining Financial Integrity in India
Author Name:: Mamta Mishra
Country:: India
Page No.:: 16-31

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A Study of Corporate Governance Practices for Maintaining Financial Integrity in India

Author: Mamta Mishra

The paper takes a look at the existing literature on corporate governance and traces the origin of corporate governance and drivers for its growth in recent times. It reviews some of the governance mechanisms and their adequacy in protecting shareholder interest. Corporate governance provides shareholders with a range of mechanisms to check managerial greed, opportunism and earnings manipulation. The paper reviews the mechanisms of audit committee and whistle blowing in particular and their applicability in the context of Indian companies. It also traces the evolution of corporate governance in India to the present day scenario with the introduction of the Companies Act, 2013. The Companies Act 2013, which calls for sweeping changes in corporate governance and auditing norms, has increased the scope of responsibilities for audit committees. It is expected that as companies scramble to comply with the provisions of the new Companies Act, the role of audit committees in public companies will acquire a new dimension. In the times to come, audit committees may emerge to be an indispensable mechanism in preventing managerial intervention in financial reporting and ensuring sanctity of the audit process.
Keywords: India; corporate governance; audit committees; Companies Act 2013.
Introduction

Paper Title:: Agriculture in the Era of Globalisation: An Impact Assessment
Author Name:: Navneet Kaur
Country:: India
Page No.:: 32-39

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Agriculture in the Era of Globalisation: An Impact Assessment

Author: Navneet Kaur

Globalization takes place on a major scale when govt. of India made changes in its economic policy in 1991 and country’s market was opened to foreign investment. Globalization has brought in new opportunities to developing countries like greater access to developed country markets and technology transfer hold out promise improved productivity and higher living standard and new challenges like growing inequality across and within nations, volatility in financial market and environmental deteriorations.
The Important Reform Measures (Step Towards liberalization privatization and Globalization)
Indian economy was in deep crisis in July 1991, when foreign currency reserves had plummeted to almost $1 billion; Inflation had roared to an annual rate of 17 percent; fiscal deficit was very high and had become unsustainable; foreign investors and NRIs had lost confidence in Indian Economy. Major measures initiated as a part of the liberalization and globalization strategy in the early nineties included the following:

Paper Title:: The Intersection of E-Government, Public Policy, and Law
Author Name:: Aarti Sukhija, Palwinder kaur
Country:: India
Page No.:: 40-46

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The Intersection of E-Government, Public Policy, and Law

Author: Aarti Sukhija, Palwinder kaur

In the present times, information technology (IT) has a tremendous influence on how different Indian Government departments operate.E-Government, as the word says electronic government means the delivery of information and services by local, state or national government electronically i.e. via internet or any other digital means to the citizens. E-Government has become an evolving and important research are now a days. These strategies are generally developed from the experiences of developed countries. This helps the citizens to get all the information in time and the obvious outcome is enhanced productivity, cost savings. The experience in developed countries shows that this is possible if governments are willing to decentralize responsibilities and processes, and if they start to use electronic means. This research paper highlights old and newly introduced e-government policies, laws and the challenges which we will come across to know the probability of getting them successfully implemented.
Keywords- E-government policies & laws, benefits, challenges, implementation.

Paper Title:: Corporate Disclosure Practices and Their Determinants: A Study of Prominent Indian Companies
Author Name:: Manoj Singh Saggi
Country:: India
Page No.:: 47-66

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Corporate Disclosure Practices and Their Determinants: A Study of Prominent Indian Companies

Author: Manoj Singh Saggi

Indian economy used to be a protective socialistic economy having mixed form of enterprises both public and private. But the economic reforms initiated by the Government of India since 1990s, changed the pattern and working of Indian economy drastically. Globalization in the early 1990s and privatization/disinvestment of the public sector undertakings (PSUs) in the mid of 1990s have created new opportunities and challenges. Indian economy, nowadays, is very open and market driven. With the openness of the Indian economy, Indian companies also need disclosure requirements as per global scenario. With this, legal and governing bodies have tightened the norms for disclosure. Nowadays, corporate disclosure is a term of precise discussions, legal frameworks, researches and many more. The present paper is an attempt to analyse the corporate disclosure practices in India by examining the association between selected company attributes and the extent of corporate disclosure. For this purpose five company attributes have been selected namely (i) total assets, (ii) total sales, (iii) market capitalisation, (iv) net profit, and (v) age. The study covers 30 large Indian companies selected from the S&P CNX Nifty Index of the National Stock Exchange of India (NSE) consisting 50 largest Indian companies. The period of the study is five years from 2010-2011 to 2014-2015. The study found that the selected company attributes are related with the extent of corporate disclosure but differently. The study also highlights some important suggestions on the basis of the findings to improve the level of corporate disclosure and to carry further research.

National Research Journal of Business Economics

Archives Volume-2, Issue-1 (January-June)

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