Search

The financial literacy of urban Indians has been a cause of concern for Reserve Bank, commercial banks, and numerous NGOs and self-help groups. Extant literature has proven that financial illiteracy and poor financial skills lead to evils such as indebtedness leading to bankruptcy filings, poverty, divorce, and depression. Keeping in mind the importance of being able to understand and handle personal finance well by millennials, the authors examined 213 Indian students pursuing a PG course in management in Delhi city. To ascertain the students' level of financial knowledge and examine whether factors like gender, education level, undergraduate area of study, income level, etc., factor analysis is conducted and five independent factors are extracted, explaining 80% of variance. Through the study, five factors determining financial literacy were found—borrowing behavior, investment behavior, financial prudence, transaction behavior, and spending behavior—in Delhi from 2014-2018.

This study evaluates the impact of self-help group (SHG) intervention and entrepreneurial traits of SHG members on the economic and socio-cultural empowerment of rural women. A purposive sampling method has been used to collect a sum of 344 responses from the SHG of women who are engaged in entrepreneurial income-generating activities in their village. A linear regression model has been used to analyse the data. The study found and argues that SHG interventions have a positive association with the economic and socio-cultural empowerment of rural women. The parameters identified and analysed in the study are helpful to the stakeholders to make policy decisions to strengthen all the factors, which are responsible for the success and growth of SHG in general and the micro-enterprise of SHG women entrepreneurs, in particular.

B.V.R. Subbu, Santro: The Car that Built a Company. Gurugram: Hachette Book Publishing India, 2017, 254 pp., ₹599. ISBN: 978-93-5195-208-4 (Hardback).

The Indian Banking sector is witnessing a phenomenal deterioration of asset quality, raising potential losses for not making enough provisions or setting aside capital to combat the non-performing assets. The aftermath of this is that the sustainability of robust banking is becoming a big question. Over the period of time, NPAs and bad loans have adding to a spiralling manner in Indian Banks. In this data-driven banking, various frauds have occurred due to lapses in operational risk, and non-adherence to procedures. Despite the treatment of stressed assets, prompt corrective action as per asset quality report by regulators but results are appearing at a very slow pace. Strength and sustainability of the credit growth is the need for robust banking in the times to come.

In the business growth models in the corporate scenario, mergers and acquisitions is the key buzzword. Entrepreneurs with a paucity of cash balance and various motives for their poor performance are key targets of mergers. Consolidation of the market share at times leading to competitive advantage with inorganic opportunities to growth seems to be the pace of the era. When it comes to financial consolidation, balance sheet analysis plays a complicated role. In order to improve reliability, relevance in business combinations, IND-AS103 plays a vital role. IND-AS is applicable to the companies with a net worth of Rs 250 Crs, otherwise companies GAAP is applicable. An attempt has been made by the authors through the Idea and Vodafone merger explaining the recognition of identifiable assets, liabilities assumed, and the NCI (non-controlling interest) as per the guidelines of IND-AS103. Through a case, the authors have emphasized the recognition of goodwill acquired in the entrepreneurial enterprise derived from the bargain price.

Mobile communications and advancement in information and communication technology has made a significant impact on socio economic culture of India. It has not only contributed to the growth of industries related to E-commerce but has also benefitted significantly, the end consumers with reduction in travel costs, delivery of better products at lower price, generation of job opportunities, and increase in market efficiency. The social benefits of mobile connectivity and E-commerce could be the reach and access to communication to rural India, stimulation of local content related to health, finance, education and agriculture. Mobile communications and E-commerce are very pertinent in this era as leads to a synergistic effect. Growth opportunities are generated to serve the rural masses and give a positive a flip to the economy. In fact, in the current parlance when we relook in the rural markets we find that it has a huge potential in terms of E-commerce in alignment with the Government policies and the outcome being synchronization with marketing and distribution network. In the current parlance it is tough to penetrate in the rural remote masses where there is no internet and a tough game to create a demand. Innovative logistics network is conceived by the rural E-commerce startups. Positive willingness to buy is created with E-commerce app to the customer buying groceries or medicines at chemist shops. To come up to the expectations of rural demand, E-commerce firms have to communicate with rural consumers in their local language to sell their products. Hence rural youth through training can create linkage in E-commerce transactions in rural India.

Emerging economies like Brazil, India China and Russia have finally claimed it’s rightful place on the global economic map and at the same time some other economies like Indonesia, Turkey, Nigeria and Mexico are rapidly growing in importance. This marks the beginning of a new economic order which is instrumental in shaping the global economic development and shape new paradigms to address the political and economic issues faced by the world. However, none of this development comes without posing some unique challenges. Removal of poverty and lack of employment definitely remain a common challenge for most economies in transition. But far more pressing are the issues of social inequality and environmental sustainability that these economies need to address. Economies have to adopt strategies to integrate sustainability with growth and move towards inclusive development that is socially, economically and environmentally profitable. Sustainability is bound to emerge as a key driver to generate necessary momentum to bring about a ‘ new balance’ between developing economies, emerging economies and developed economies of the world.

The paper takes the track towards the web-data mining techniques used in customer relationship management and its significance in different categories of businesses operations. The Customer Relationship Management is combined with the Data Mining Techniques and is further analysed to identify its benefits for the healthcare sector. The extensive review of literature is being carried in three dimensions i.e. Data Mining Techniques, Customer Relationship Management, HealthCare Sector so that they can be combined to analyse its benefits. The major techniques of Data Mining i.e. Segmentation, Association, Modelling, Detection and Deviation is associated with CRM life cycle stages to identify the benefits. It can serve as the base for the future research of application Data Mining Technique for the large volume of health data. This analysis can greatly help to achieve the customer satisfaction, customer retention and ultimately in achieving the customer loyalty. The paper presents the review of literature carried in 3 dimensions i.e. Customer Relationship Management, Data Mining tools and Techniques and CRM and Data Mining for the Healthcare Sector.

Sumit Sarkar, Out-Think: How to Use Game Theory to Outsmart Your Competition. New Delhi: SAGE Publications India Pvt Ltd., 2016, 213 pp. ₹395 (ISBN: 978-93-515-0563-1) (Paperback)

Atul Joshi, Winning a Billion Consumers: A Disruptive Approach for Success in India. New Delhi: SAGE Publications India Pvt Ltd, 2016, 261 pp., ₹450 (ISBN: 978-93-515-0557-0)

Objectives: This paper tries to study and understand the potential opportunities and challenges faced by green entrepreneurs in India. It attempts to provide directions and a viable solutions to prevent further ecological degradation through green entrepreneurship. Methods/ Statistical Analysis: The research, being, exploratory in nature, utilizes both primary and secondary data for the purpose. Primary data has been collected from millennial, student respondents, who are either graduates or pursuing their final year of post-graduation in management. A sample size of 130 students have been taken through random sampling method. Factor loading was employed and Analysis of Variance (ANOVA) and a hypothesis test along with a correlation coefficient between factors also helped the study to draw conclusions with regard to factors that prove to be motivational and also the key barriers to green entrepreneurship in India. Findings: The study reveals that in general, millennials possess high level of environmental awareness. However, a weak Correlation can be inferred between gender, age and environmental knowledge, beliefs and attitudes. Environmental concerns were measured on various issues and a standard factor analysis through weighted method indicated that high concerns significantly impacted the demand and supply of green products and several factors ranging from emerging opportunities, creative interventions, availability of technological alternatives were key motivational factors. Emergence of various sectors in Indian economy was found by the study as an emerging green driver to leverage existing resources, knowledge of green technology, a growing entrepreneurial climate. However, a factor analysis of the barriers to green entrepreneurship were found to be -the absence or limited knowledge of green technology and high investment costs , absence of funds to undertake risk in the sector along with inability to understand potential benefit accrued from green businesses is believed to be a serious discerning factor amongst the respondents. Application/ Improvements: Research is useful to understand the motivational factors as the study provides useful insights into consumer attitudes, beliefs and values which can be helpful to marketers and entrepreneurs to design their strategies.

The world is facing one of the worst situations, battling with COVID 19 and education sector is not an exception. COVID-19 has resulted in a countrywide lockdown in India, which led to closure of schools and colleges. University Grant Commission (UGC), an apex educational body has come up with several guidelines for Higher Education Institution (HEI).This study is an attempt to understand the perception of respondents towards the online teaching, which is the new way of teaching adopted by each educational institute after the pandemic. The study shows that overall, the respondents are satisfied by the online teaching .From the study it may be concluded that the online classes favour the impact on the students and diversification in teaching methodology is imperative apart with the regular lecture teaching.

The Insolvency and Bankruptcy Code, 2016 (IBC) has been one of the most ground-breaking laws enacted in the country in recent times. It has already subsumed the existing Sick Industrial Companies Act (SICA), revamped the Debt Recovery Tribunals (DRT) and has emerged as a major legislation. Consequent to the implementation of IBC, there has been a paradigm shift in the debt-recovery scenario in India. Encompassing all companies, partnership firms and individuals, the code offers uniform, comprehensive insolvency legislation along with coherent and consistent provisions for the stakeholders affected by inability to pay debt or business failure. Unlike the time-consuming and never-ending process that used to be prevalent earlier, the code aims to attain time-bound and effective bankruptcy resolution. Now, the Insolvency and Bankruptcy Board of India (IBBI) has taken a pivotal role. This chapter analyses the IBC’s effectiveness in handling the situation that it was created for.

The Indian banking sector is undergoing a phenomenal transformation through innovative business lines. The sustainability of the banks is characterized by superior performance, more prudent behavior in the finance and commerce industry. Keeping in view the diversification, valuing bank stocks is a cumbersome task. Reliability, transparency, corporate governance, Economic Value Added (EVA), Corporate Social Responsibility (CSR) are a recent buzz when ranking of the profitability of banks is to be considered by the investor. Operational efficiency, liquidity, solvency, profitability is to be weighed using metrics and evaluation of the sources and magnitude and performance of the banks. DuPont analysis/David Cole Method of bank groups comes to the rescue of the researcher to understand the profitability. The authors have evaluated sources and magnitude of performance, profitability and productivity of the listed Indian Banks. As a pilot study, data has been collected for the years 2007-2016 of three public and three private sector banks and statistical Chi-square tool has been applied to ROA, ROE and EM as variables.

S. Subramanian, Essays in Economics and Other Cheerful Themes—A Dismal Scientist’s Occasional Reflections on the World around Him. New Delhi: SAGE South Asia Edition, SAGE Publications India Pvt Ltd, 2014, 203 pp. ₹ 850 (ISBN: 978-81-321-1373-7 [HB])

Kavil Ramachandran, The 10 Commandments for Family Business. New Delhi, India: SAGE Publications India Pvt Ltd, 2015, 187 pp., ₹ 645 (ISBN: 978-93-515-0138-1 [HB])

A retrospective analysis of 26 cases of delusory parasitosis is recorded.

From the face of each of 9 patients having rosacea-like lesions the follicle mites identified as Demodex folliculorum (DF) (Simon) were in varying numbers. In our control cases no mites were demonstrated from similar sites. Treatment with one percent lindane (Cosmascab lotion-Napha) applied locally for seven consecutive days improved the condition in all patients.

From the face of each of 9 patients having rosacea-like lesions the follicle mites identified as Demodex folliculorum (DF) (Simon) were in varying numbers. In our control cases no mites were demonstrated from similar sites. Treatment with one percent lindane (Cosmascab lotion-Napha) applied locally for seven consecutive days improved the condition in all patients.