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IN WHICH EXCHANGE RATE FORECAST TECHNIQUES – DO FORECAST TRUST? CONTEXT OF INDIA
Jayshree Mandaviya, Assistant Professor, Anand Commerce College, Anand
Abstract:
This paper describes to estimate the future value of a foreign currency, Indian rupees against US dollar, by using a simple regression model. In this paper use only secondary data that are inflation differentiation, interest rate differentiation, currency future, exchange rate against us dollar. Time duration of the data is last 1 years. And this paper research design are descriptive and causal, because find out which factor influence more exchange rate valuation. This research paper main focus on which techniques are available for determine exchange rate? To check validity of exchange rate forecasting techniques? To find out best one exchange rate forecasting techniques for forecasting exchange rate? In last to compare results to a market-based forecast using spot and future rates. Make a difference between actual value of exchange rate and predicted exchange rate value and find out exchange rate error. During research which technique error are minimum, so this technique is highly reliable for predicting exchange rate?
Key Word: Exchange rate, Technical analysis, Fundamental Analysis, Exchange rate Error.
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TOURISM IN INDIA: DYNAMICS OF INNOVATION AND DEVELOPMENT
Dr V. Basil Hans, Associate Professor & Head, Dept of Economics; and Dean, Faculty of Arts, St Aloysius Evening College, Mangalore
Abstract:
Tourism in India is one of the burgeoning sectors of the economy. Incredible India campaign, ICT specialised products in medical tourism etc have contributed to its modern growth. Besides being a big foreign exchange earner, it has promises and hopes in other macro variables such as investment and employment. However, the sector ails from long-standing problems of inadequate infrastructure as well emerging problems in handling alternative tourism and ensuring sustainable tourism. In contrast to the radical innovations vital to growth in manufacturing sectors, innovations in services and tourism were secondary, and capital-scarce, and for this reason, they were excluded from the scope of government interest and action. It is interesting to note that the discourse changed with the emergence of new information and communication technologies, which have been especially influential in the realm of tourism. The dissemination of new modes of production and the resulting organisational shock waves, along with the marketing adjustments this has entailed, has been the subject of much research. Yet the issues involved in innovation in tourism are not confined to the information. We call for big and firm steps to improve the internal dynamics of tourism sector with thrust on 'innovation': pushing firms to adopt a proactive attitude towards innovation, notably to an ambitious shift from simple technology watch to economic intelligence. This paper not only traces the progress and position of India's tourism sector, but also analyses the dilemmas in terms of environment, empowerment, affordability, accessibility, ethics and equity. Keeping in view the rich heritage as well as the prospects of high potential for hotspot tourism, the paper explores what new polices and products can do for enhancing the capacity to face constraints and challenges. It argues that the providers need to go beyond "attractions" and look at supplements and complements too. It also analyses the call for teachers, researchers and policy-makers to address and assess contemporary trends – climate change for example – and critical turns. The emphasis is on "boosting tourism and balancing hospitality" with productive roles played by public and private sector as synergistic stakeholders.
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ONLINE INTERFACE ACCESSIBILITY OF THE E-GOVERNANCE WEBSITES FOR VISUALLY IMPAIRED PEOPLE
Vinod Kumar. G, Assistant Professor, Department of Business Administration
Government Arts College, Tiruvannamalai
Abstract:
The emergence of e-governance has improved the accessibility of government and publics utility services to the common man. Beyond normal persons the electronic modes of governance have gained importance among the citizens with disabilities. The electronic mode has helped or supported the visually impaired people in accessing through talking aids knitted to the websites. With Visually impaired persons (VIPs) improving their competence level on accessing information technology, an efficient E-government websites can make them self sufficient and independent as they do not have to rely on agents, middlemen, friends or relatives to consume the government services. However, online accessibility of e-government service websites is least researched in India. This paper aims to assess the online web accessibility of government services for VIPs. It is descriptive in native and rests on the passive primary data. Ten most common and important e-Government selected through focus group interview was observed for evaluation using Web accessibility evaluation tool. The analysis of the research results revealed websites lacking in few in the areas of accessibility alerts, Features and also revealed errors. This paper not only contributes to the current literature but also scope for further research.
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EMERGENCE OF RETAILING SECTOR IN INDIA: CHALLENGES AND OPPORTUNITIES
Ayan Saha, Assistant Professor, Department of Business Administration, Institute of Computer & Information Sciences, Bankura, West Bengal
Abstract:
Indian Retail industry ranked among the ten largest retail markets in the world. The shift of the Indian consumer and the emergence of organized retail formats have transformed the face of retailing in India. With the sign of re –emergence of economic growth of India, consumer buying in retail sector of India is being projected as a key opportunity of area. Indian corporate house are refocusing its strategic perspective in retail marketing with the idea of use resources optimally in order to create core competence and gain competitive advantage. The paper theme is to analysis finer strategic perspective for the retail sector in India and suggests measure so that the corporate strategic could incorporate the same qualitatively and quantitatively . Based on the qualitative judgment, a retail unit may be given an overall understanding about the expected performance that can further be corporate by quantitative analysis. Retail trade has emerged as one of the largest industry contributing to employment generation, revenue generation, increased turn over and many more. It has emerged as one of the most dynamic and fast paced industries with several players to entering the market. As a matter of fact retailing in India gradually edge its way towards becoming the next boom industry. This paper provides details information about the growth of retailing industry in India. It examines the growing awareness and brand consciousness among people across different socio economic classes in India. The paper includes the growth of retail sectors in India, strategies, strength, and opportunities of retail stores, retail formats in India, recent trends, opportunities and challenges. This paper concludes with the likely impact of the entry of global players into the Indian retailing industry. It also highlights the challenges faced by the industries in near future.
Key words: Retail sector, Retail Industry, Supply chain management, Retail markets.
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A REVIEW OF CORPORATE SOCIAL RESPONSIBILITY (CSR) AND INCLUSIVE GROWTH IN INDIA
K. M. Devaraja Nayaka, Research Scholar, DOS in Commerce, Mansagangotri,
University of Mysore, Mysore
Abstract:
The appearance of large company and their objective for the optimization of individual returns has not merely separated the globe among the poor and wealthy but has too led to a disparity among developmental activities and ecological sustainability. Progress model of the neo-liberal has necessarily refers towards world's resources for the better advantage of the community through globalization, privatization and liberalization. Recent studies have shown that the globe is slowly becoming a hazardous place to be alive due to indefensible human being promotes behavioural actions. The governments of a so many nation has rise up steadily to make sure that the ongoing practices of development stay on in most favourable synchronization with Indian inclusive growth, with human resource protection. Consequently, the thought that social and ecological protection not only the liability of the government but demands an effectual involvement from the firm and global corporate business. At rest though a lot had been accomplished within the hypothetical area to build Indian company conscious of ecological ethic and social responsibility as a significant section of their company action but very less has been accomplished as so far. The study is an attempt to emphasize the significance of CSR as a instrument to make sure greater involvement of corporate entrepreneurs near protective the natural environment and developing the excellence of living whereas responsibility a activity of development. The study will also expose the empirical and theoretical involvement of social responsibility towards accomplishes the objective of Indian inclusive development. Further essentially, the study glances for to examine the behavioural boundaries headed for emerging a tradition of corporate ethics and society responsibility in the inclusive growth of Indian environment. Eventually endeavours would be complete to expand a scheme to make sure better participation and responsibilities from the company sector to make certain better concord among sustainable economy and environment with public protection.
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AN EMPIRICAL STUDY ON CONSUMER BUYING BEHAVIOUR TOWARDS E-MARKETING WITH SPECIAL REFERENCE TO KOLKATA
Rajat Ghosh, Assistant Professor, Department of Business Management, ICIS College, Under Burdwan University, West Bengal
Abstract:
Internet has made a significant contribution to our lifestyles on account of its abundance and diversity of information. Its penetration is rising markedly in India which has fuelled the growth of e-marketing in the economy. Addresses one of the fundamental issues of e-marketing: how to attract and win over the consumer in the highly competitive Internet marketplace. E-marketing in India is gaining wide popularity. The growth of the sector is substantial but not as per the expectations of the market. Internet and e-marketing adoption, and showing that e-marketing adoption/rejection is based on rational consumer behaviour when seen from the proposed value perspective, the study contributes to and extends our understanding of the Internet as a medium for commercial use in the B2C arena. Internet penetration in India has become more widespread on account of easy payment options, reduced hardware prices, faster and cost effective internet communication, and reliable technology. The findings are expected to hold value for internet retailers as these are the simplest segmenting descriptors which will guide them in generating more effective business strategies for their organizations. Overall, this study seeks to provide productive insights into the factors determining the prospects of internet retailing in the country.
Keywords: E-marketing, Internet. Adoption, consumer behaviour, Buying behaviour.
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RISK MANAGEMENT & ITS EFFECTIVE CONTROL STRATEGIES IN IT ORGANIZATIONS
Venkatesh Theagarajan, Graduate Student, Master of Science in Information Systems, Central Michigan University, USA
Abstract:
Risk management is nothing but a process where all the risks are identified and assessed that involves all the IT organization's assets and thereby taking appropriate actions to reduce the amount of risk to a level that is acceptable and appreciated. Every organization of information technology is striving hard every now and then to achieve the company's objectives and other goals prior to the scheduled deadline and gain that competitive edge over the others. The main intention of every IT company is to develop a cost-effective strategy with less amount of risk factors and this is possible only with an effective implementation of risk management. The objective of risk management and its control strategies is to reduce the amount of risks on a larger scale that is caused by various threats due to human error, forces of nature – power outage, quality of service deviations from service providers, technical hardware and software failures, virus attack etc. The type of research used here is conceptual research. The main purpose of this research is to determine the importance of risk management process and the strategies involved in identifying and controlling the risks for the future betterment of all the information technology organizations.
Keywords: Risk Management, Assets, Information Technology, Risk identification and Risk Assessment, Cost-effective strategy, Threats
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COMPETENCY MAPPING – IS A FINE TUNE THAT DEVELOPS TAASK WHEELS FOR ITS PERFORMANCE EFFICIENCY
Ramya M, Research Scholar, Bharathiyar University, Coimbatore
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Dr. I Carmel Mercy Priya, Principal, AVS Arts and Science College, Ramalingapuram, Salem.
Abstract:
Competency mapping is one of the most accurate and contemporary means in identifying the job and behavioral competencies of an individual in an organization. The biggest challenge of any business is to sustain and grow. Strategies can only be effectively implemented if organizations have a competent force of employees. Environmental imperatives are playing an important role in redefining the role of human resources to the tune of a changing environment. An effective HR strategy gives direction to bring in change in an orderly fashion. This can be done by developing a competency model and mapping each job incumbent on these competencies. The emphasis of the research lied on designing a model for assistance to the need of an appropriate tool for assessing and selecting the right person for the job. This paper explores a development of the new tool for the performance assessment and the quality enhancement of the management institutions. A thorough literature review has been made regarding the various levels and components of competency assessment. Finally, the paper arrives at a conclusion that paper finally arrives at a TAASK (Trait, Ability, Attitude Skill, Knowledge) based competence model.
Keyword: Competencies, Competency Mapping, Competency Model, Human Resource.
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LOW INCOME HOUSING – MICROFINANCE AS A SOLUTION
M.Valliammal, Research Scholar, Bharathiar University, Coimbatore
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Dr.A.Chandra Mohan, Professor of Management Studies, SRM University
Abstract:
The study focused on the status of low income housing in Chennai and the possibility of use of microfinance as a feasible solution for the same. The building practices of low income households and the mode of financing show that even though the practice is to build in small increments, the poor mostly rely on informal sources of funds. Even when the poor hold formal documents for their owned property, access to formal housing funds are not in their reach. The findings are important for design of credit programs for the government and Microfinance Institutions to offer their credit for housing for poor.
Key words: Housing Finance, Microfinance, Low income group
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EVOLUTION OF SELF HELP GROUPS IN ANDHRA PRADESH
Vadrevu Sundarrao, Lecturer in Commerce, D.R.G. Government Degree College, Tadepalligudem, East Godavari District Andhra Pradesh
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Dr.A.Chandra Mohan, Professor of Management, SRM University
Abstract:
This article focuses on the evolution of the self help groups in Andhra Pradesh, and how the banks are establishing linkages with SHG's. Self-help or mutual support is a process wherein people who share common experiences, situations or problems can offer each other a unique perspective that is not available from those who have not shared these experiences. Self-help groups are run by and for group members. Professional providers may participate in the self-help process at the request and sanction of the group and remain in an ancillary or consultant role. This article finds the role of NABARD for the development of self help groups to be important and also it has played the key role in ensuring significance linkage with banks for the development of SHG's. Thus this Article has been focused on importance of Self Help Groups, Financial system under the linkage under the linkage, State wise implementation of SHG and important observations on SHG function in Andhra Pradesh.
Key Words; Evolution, Self Help Groups, NABARD, Financial system
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EMPIRICAL STUDY ON TREND AND PROGRESS OF COMMODITIES MARKET WITH REFERENCE TO BULLION COMMODITIES
CMA. Dr. Jeelan Basha.V, Assistant Professor, Commerce & Management Department, Government First Grade College, Mariyammana Halli
Abstract:
Commodity derivatives trading has witnessed fastest growth in last few years making it one of the most rapidly growing markets in the financial sector. The year 2012-13 has witnessed many developments in this market and Forward Markets Commission has continued to play its role in market development, maintaining market integrity and protecting stakeholders' interests. Commodity markets touch the lives of all citizens of the country, either as producers or as consumers. Hence, effective regulation of these markets assumes greater significance. To establish effective and credible regulatory regime has been one of the top priorities of the Commission. Bringing in more and more transparency in market operations and encouraging more participation remained an important concern for the Commission in the financial year 2012-13 as well. As a part of development activities of the Commission, Awareness programmes and Capacity Building programmes were conducted in association with National exchanges, Agriculture Universities, Cooperative management Institutes. The study is based on secondary data covering annual data of bullion commodities (viz. Gold and Silver) of Commodities Market from 2005 to 2014. Descriptive statistics are used for analysis of trends and progress of commodities. This has been collected from official websites of Forward market Commission and Commodities Market. Various other reports like magazines, journals, published books are also referred to for the present study. It is concluded that Commodities Markets provide ample avenues to the investors for making investment according to their choices and preferences because of their differences in means and variances. It has increased the ways and means of participation of Hedgers in the commodity futures market. Commission remains committed to its efforts to develop effective and efficient Commodity Derivative markets.
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IMPACT OF TQM ON ECONOMIC PERFORMANCE IN BANKING SECTOR –AN EMPIRICAL STUDY
Dr. Chandravathi, HOD & Assistant professor in commerce & Management, G.F.G.college, Belthangady, D.K District, Karnataka
Abstract:
In the present emerging global economy, quality assessment is an important issue in service sector. In India the contribution of service sector to the total GDP is more than 50%. Banking sector is a major segment of the services sector which is playing a leading role in the economic growth of a country. Today's business is more volatile and banking is not an exception to this volatility. The customers are the lifeblood of any business. Banks carry on business with public money and therefore customers expect better service from them. Bank should approach the customer and not have the customer approaching banks. Customer satisfaction is the only route to survival and growth of the banks. The banks must delight to their customers. In a service industry like banking the quality of customer services holds primary significance particularly in that context of sustained business growth. Employees of the banks need to have knowledge about competitors and their product and strategy to retain the customers. Delivery of service up to the customer's expectations, the services maybe said to be of adequate quality or they are within the standards and specifications. Customer centricity is increasingly becoming the main determinants of success in service industry like banking. In many countries several quality initiatives are introduced to improve financial performance. TQM is one such technique which helps in having quality human power in banking sector. The need for the present study is to understand how banks can perform the components of TQM in a better way. In this study an effort is made to study the process of TQM practices and its impact on Economic Performance of respondent banks. The study is based on effective statistical analysis of extensive data collected from selected public sector banks which are operating in Mangalore region. The components of TQM were considered as independent variable and components of Economic Performance are considered as dependent variable.
Key words: TQM, Economic performance, banking sector, customer orientation
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