Review and Illustration on Same Areas of the Supply Chain Network in Indian Railways

Vol. 9  Issue 4
Year:2015
Issue:Mar-May
Title:Review and Illustration on Same Areas of the Supply Chain Network in Indian Railways
Author Name:Saurabh Bhardwaj and C.S. Jawalkar
Synopsis:
This paper aims to highlight the importance of transport and logistics in the area of Supply Chain Management (SCM) in Indian Railways. SCM aims to provide finished goods, services and information to the ultimate customer smoothly and effectively. This paper identifies various developments of supply chain in the field of transportation especially in railways. In Indian Railway, coal transportation has been the major source of revenue earning as far as freight transport is concerned. This paper further presents a case study where coal loading statistics of two consecutive years in Dhanbad Railway Division of India has been used to calculate the process capability index. The paper concludes with the findings that the average target loading per day was 7.574 M.T, while average actual loading achieved per day was 7.437 M.T and the average actual C achieved was 0.249.

Brazil: A Bric's Economic Growth, and it’s Recent FDI History in Florida

Vol. 9  Issue 4
Year:2015
Issue:Mar-May
Title:Brazil: A Bric's Economic Growth, and it’s Recent FDI History in Florida
Author Name:Carlos Tasso Eira De Aquino and Robert W. Robertson
Synopsis:
This paper describes the current levels of economic growth in the Brazilian economy, one of the BRIC countries (Brazil, Russia, India, and China), presenting a historic overview of the country's economic growth in the past years, as well as the evolution of some macroeconomic indicators. Brazil's participation in international organization forums, such as the IMF and WTO, are included in this paper. The country's inflow and outflow Foreign Direct Investments (FDI) in recent years are also discussed and examples are given to illustrate the current trend of investments in different markets, with an emphasis on the USA and the State of Florida, in particular.

Impact of Educational Qualification of Investors in Assessing the Level of Uncertainity on Equity Investments

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Impact of Educational Qualification of Investors in Assessing the Level of Uncertainity on Equity Investments
Author Name:D. Velumoni and S.S. Rau 
Synopsis:
Uncertainity in getting the return is known as Risk. Investopedia defines Risk as the chance that an investment's actual return will be different from expected. Risk includes the possibility of losing some or all of the original investment. There is significant difference between the risks associated with return which means higher the risk, higher the return and vice versa. Stock market is highly volatile and people are abstaining from investment because of uncertainty in return i.e. they lose some amount of money or the original investment itself. The risk occurs from many different sources. Investors do not understand risk sources and hence they end up with probabilities of getting lower return. Investment options such as mutual fund, share, provident fund and bonds are generally considered for the study. Many studies have been carried out in order to understand the determinants of investors risk taking level. Most of the studies provide partial risk taking level of individual investors. Risk on investments has been studied on various sectors such as Manufacturing, Mining, Service Industry, etc. and also on various investment products such as investment on Equity, Mutual Fund, Gold, Real Estate, Bank Deposit, National Savings Scheme, etc. about their risk and return. The authors wants to study about the risk bearing level of investors based on their educational qualification. The research survey has been conducted in the area of Chennai city (Country India) with the sample of 161 respondents. To analyze the data, the statistics tools used are Percentage analysis, ANOVA and Correlation. The ANOVA study result reveals that there is no significant difference between the Investment Risk and Educational Qualification of the respondent. Based on the Duncan test results, Diploma and Professionals qualified investors come under one subset and School, Undergraduate and Postgraduates come under other subset. If these two groups were given adequate awareness about investments, then there could be high impact on their return by reducing considerably the risk factors.

Work Passion: Conceptualization of an Emerging Concept in India

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Performance of Rural Credit Schemes: Initiatives of Financial Inclusion for the Development of Rural Economy
Author Name:Rupali Johri and Rajnish Kumar Misra 
Synopsis:
'Work passion' is one human capability that contributes most towards the value creation, yet remains untapped in organizational research. In response, we provide an initial conceptualization of 'work passion' construct in Indian context. In doing so, we first reviewed the explicit definitions of passion available in various contexts. In our next step, we conducted personal interviews of 21 individuals from wide range of occupation to understand the meaning of 'work passion' from Indian perspective. At last, after integrating the findings of literature and qualitative analysis of personal interviews, we defined 'work passion' as a psychological state which is characterized by: a) love for one's work experienced through the feeling of joy and vitality at work, b) sense of self-motivation to do one's work, c) seeing one's identity in terms of one's work and d) willingness to learn and improve continuously. This study provides some important directions for future research focused on work passion as well.

Performance of Rural Credit Schemes: Initiatives of Financial Inclusion for the Development of Rural Economy

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Performance of Rural Credit Schemes: Initiatives of Financial Inclusion for the Development of Rural Economy
Author Name:Raja Babu, K. Madhusudana Rao and Vissapragada Srinivas
Synopsis:
In Indian economy, agriculture sector plays a vital role and majority of the people depend on agriculture. In developing countries like India, 70% of the people are living in rural areas. Rural credit is very important for the development of rural economy and alleviation of poverty by providing credit facility to the poor and weaker section of the society. It is also helpful to meet their needs improving their standard of life and greater access to financial activities. There are many agencies providing rural credit. In India, there are delivery structures such as Commercial Banks, Regional Rural Banks (RRBs), Co-operative Banks and District Rural Credit Development Agency (DRDA) etc. These Institutions are having more than 1, 53,000 outlets which have been serving rural people. One for every outlet is serving 4,100 populations to deliver credit for poverty alleviation. The main objective of this study is to identify the reasons for financial exclusion in rural areas and to estimate the factors influencing informal borrowings of rural households. At present, the main challenges before rural credit institutions are poverty alleviation, flow of rural credit and building up the strength of co-operatives and regional rural banks.

Performance Appraisal of SBI – An Analytical Review

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Performance Appraisal of SBI – An Analytical Review
Author Name:N.V. Rathnam, P.V. Narasaiah and R. Neelima
Synopsis:
Indian banking sector has undergone a thorough change and remarkable transformation during the last two decades. The banking reforms implemented on the basis of the blue print provided by Narasimham Committee and other wide ranging supportive measures initiated and implemented by Government of India and RBI have contributed significantly to the enhancement of financial strength, intrinsic soundness, resilience and operational efficiency of banks. Banks in India have been showing stronger balance sheet footing with better asset quality in post reform period. The post-reform period has also witnessed advent of new players, product innovations and introduction of new instruments and new approaches to aggressive marketing of such new products. Banks presently operate in an increasingly deregulated and market driven competition of operational flexibility. State Bank of India leads the public sector pack, emerging as third in the overall banking and finance. State Bank of India is the largest bank in the country and has witnessed a great transformation in recent years. It has given private sector banks the run for their banks. Thanks to the adoption of state-of-the art banking technologies and introduction of best banking services on the technology front, State Bank of India is working on the linking of branch operations in under way as well as on new solutions for treasury business and risk management. In this paper, an attempt has been made to study the financial performance of State Bank of India. In view of this, the study is focused on deposit and advance; credit deployment; Gross NPAs and Net NPAs; Profitability; and Productivity of SBI during the period from 2007-08 to 2012-13.

Mobile Banking in India-Your Money in Your Pocket

Vol. 9  Issue 3
Year:2015
Issue:Dec-Feb
Title:Mobile Banking in India-Your Money in Your Pocket
Author Name:Suresh Chandra Bihari 
Synopsis:
Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone. If technological revolution is at its peak, one of the notable sectors of the economy where technology is at it helm of affairs with respect to customer service is BANKING. Over the years, banking has transcended from a traditional brick-and mortar model of customers queuing for services in the banks to modern day banking where banks can be reached at any point for their services. In today's business, technology has been the predominant indicators of growth and competitiveness. The banking industry today is in its revolution. Information technology has basically been used under two different avenues in banking. One is communication and connectivity and other is business process. Today, banks have welcomed wireless and mobile technology into their boardroom to offer their customers the freedom to pay bills, planning payments while stuck in traffic jams, to receive updates on the various marketing efforts while present at a party to provide more personal and intimate relationships.