FINANCIAL INNOVATIONS AND ITS IMPACT OF GLOBAL CRISES ON INDIAN CAPITAL MARKETS |
Author : DR . ANLI SURESH |
Abstract | Full Text |
Abstract : One of the bedrocks of our financial system is financial innovation and financial innovation is the life blood of efficient and responsive capital markets. The last 25 years have witnessed acceleration in the process of financial innovation. This has been spurred largely by increased volatility of exchange rates, interest rates and commodity prices and an increase in the pace of tax and regulatory change. Financial innovation enhances the allocation efficiency of the financial intermediation process and improves the operational efficiency of the financial system by reducing the costs and/or risk of transactions in the primary and secondary markets in which financial instruments are traded. Financial innovation is necessary to achieve a high and stable rate of growth through financial sector development in Emerging Market Economies (EMEs). India’s financial markets – equity market, money market, forex market and credit market– experienced the knock- on effects of the global financial crisis. The equity markets and forex markets came under pressure because of the reversal of capital flows as part of the global deleveraging process. With the reversal of capital flows and drying up of external sources of funds, corporate shifted to domestic bank credit. This substitution of overseas financing by domestic financing brought both money markets and credit markets under pressure. In this paper, financial innovations and its impact of the crisis on various financial market segments in India and policy responses to contain the damage and restore normalcy have been analyzed. The study i s based on the hypothesis that Foreign Investors are confident about the Indian Capital market conditions that they divert funds to other profitable and more secured destinations. The concluding remark is that Indian Financial Markets affected by the current global crisis from January 2008 largely because of selling pressures by FIIs, besides weakened domestic sentiments because of turmoil in international financial markets. |
|
THE ANALYSIS OF JUST - IN - TIME SYSTEM IN PURCHASING MATERIALS OF N.I.D.C. |
Author : SHAHAB TAHMASEBI |
Abstract | Full Text |
Abstract : In the present research article has been survived the just in time system include: phenomenon of JIT and causes need to it, goals and usage particular techniques in this purchasing system, optimum strategy for reduction and how to use this system. Based on this model which is designed, the necessary factors for implementation of the system (JIT) are divided into two groups. They are human resources and operational resources. Human resources include the organization of management and employees; whereas the operational resources include the condition of suppliers, transportation facilities and other operational resources. Hypothesis of the research are designed as per mentioned implication factors and then they are measured. This research is fulfilled in N.I.D.C. and this is titled thesis to achievement of master degree. The results showed that all the factors mentioned in the hypothesis except the organization of management were suitable for the implementation of the “just-in-time” system. The total result also showed that “just- in-time” system is applicable to N.I.D.C. At last the problems and the barriers of implementation of the JIT system are mentioned, the suggestions and the solutions relative to the research are also presented. |
|
IMPORTANCE OF FOREIGN DIRECT INVESTMENT IN INDIAN AGRI - ZONES |
Author : DR. R VENKATARAMAN, UMA C SWADIMATH, PRASANNA B JOSHI |
Abstract | Full Text |
Abstract : The present study is related to the importance of foreign investment that highlights the flow of foreign capital into the agricultural sector. As agriculture is predominant in Indian economy And it contributes a larger share to the growth of national income. Agricultural growth is the backbone of Indian economy. India is the second highest fruits and vegetable producer in the world. India is also one of the largest food producers in the world. The study emphasizes the importance of setting up of agri export zones. When countries are striving towards globalization, foreign investment plays a vital role in promoting economic growth and economic development. The flow of foreign investment gained prominence after the announcement of industrial policy of 1991, India opened the gates for the flow of foreign capital into the economy. |
|
INNOVATION IN INDIAN BANKING: EXTENT OF PRECAUTIONS TAKEN BY THE CUSTOMERS WHILE E - BANKING |
Author : MRS SHAKIRA IRFANA, PROF. A.RAGHURAMA |
Abstract | Full Text |
Abstract : Financial liberalization and technology revolution have allowed the developments of new and more efficient delivery and processing channels as well as more innovative products and services in banking industry. Banking institutions are facing competition not only from each other but also from non- bank financial intermediaries as well as from alternative sources of financing. As financial institutions increasingly offer online banking services to their customers, they must face issues of consumer confidence in the Internet. Consumers are concerned about identity theft and wonder if the Internet is safe for online banking. The answer is yes— if financial institutions, in cooperation with their customers, make it safe. Therefore, building the best controls to prevent fraud and protect customers is of critical importance. This paper investigates the extent of safety measures followed by customers while e-banking, analyses the awareness of the customers regarding the various online banking scams and suggests safety measures to be followed while e-banking. Primary data was collected from 118 respondents through a structured questionnaire. Secondary data was used to know about the various electronic e-banking products and services and various online scams. The findings are of great help to bankers to enable them to frame proper guidelines for their customers who use e-banking facility. It helps e-banking customers to bank safely using the safety measures. |
|
IS IMPORT LIBERALISATION PROMOTING INCOME AND EMPLOYMENT GROWTH IN INDIA ? |
Author : DR. TUSHAR DAS |
Abstract | Full Text |
Abstract : Economic liberalization in India in 1991 had its major component reflected in the liberalized import policies of government of India. The obvious objective was to promote freer trade by allowing the substitution of imported inputs for domestic ones when it is needed for achieving more competitive exports via more efficient production and thereby gaining greater share of Indian export products in the world market. However, we notice stimulating debates in the empirical literature questioning the possibility of success of the above in the Indian context . Nambiar and others(1994,1999) have tried to establish the view that instead of promoting income and employment through accelerated export growth via more efficient production through eased used of imported inputs, trade has shrunk income and employment growth. This paper using slightly improved methodological framework and data base (substituting domestic input- output matrix for total matrix (domestic + import) matrix) for projection of income and employment, we arrive at the conclusion that liberalized trade has promoted income and employment rather than squeezed it. |
|
IMPORTANCE OF FOREIGN DIRECT INVESTMENT IN INDIAN AGRI - ZONES |
Author : DR. R VENKATARAMAN, UMA C SWADIMATH, PRASANNA B JOSHI |
Abstract | Full Text |
Abstract : The present study is related to the importance of foreign investment that highlights the flow of foreign capital into the agricultural sector. As agriculture is predominant in Indian economy And it contributes a larger share to the growth of national income. Agricultural growth is the backbone of Indian economy. India is the second highest fruits and vegetable producer in the world. India is also one of the largest food producers in the world. The study emphasizes the importance of setting up of agri export zones. When countries are striving towards globalization, foreign investment plays a vital role in promoting economic growth and economic development. The flow of foreign investment gained prominence after the announcement of industrial policy of 1991, India opened the gates for the flow of foreign capital into the economy. |
|
FINANCIAL INNOVATIONS AND ITS IMPACT OF GLOBAL CRISES ON INDIAN CAPITAL MARKETS |
Author : DR . ANLI SURESH |
Abstract | Full Text |
Abstract : One of the bedrocks of our financial system is financial innovation and financial innovation is the life blood of efficient and responsive capital markets. The last 25 years have witnessed acceleration in the process of financial innovation. This has been spurred largely by increased volatility of exchange rates, interest rates and commodity prices and an increase in the pace of tax and regulatory change. Financial innovation enhances the allocation efficiency of the financial intermediation process and improves the operational efficiency of the financial system by reducing the costs and/or risk of transactions in the primary and secondary markets in which financial instruments are traded. Financial innovation is necessary to achieve a high and stable rate of growth through financial sector development in Emerging Market Economies (EMEs). India’s financial markets– equity market, money market, forex market and credit market– experienced the knock- on effects of the global financial crisis. The equity markets and forex markets came under pressure because of the reversal of capital flows as part of the global deleveraging process. With the reversal of capital flows and drying up of external sources of funds, corporate shifted to domestic bank credit. This substitution of overseas financing by domestic financing brought both money markets and credit markets under pressure. In this paper, financial innovations and its impact of the crisis on various financial market segments in India and policy responses to contain the damage and restore normalcy have been analyzed. The study is based on the hypothesis that Foreign Investors are confident about the Indian Capital market conditions that they divert funds to other profitable and more secured destinations. The concluding remark is that Indian Financial Markets affected by the current global crisis from January 2008 largely because of selling pressures by FIIs, besides weakened domestic sentiments because of turmoil in international financial markets. |
|