Volume 1 Number 1 April, 2006

Title: The US and India-The Growing Partnership

Description: 

Author-Name: Dr. Himanshu Agarwal, Senior Lecturer, Department of Commerce, I.P. (P.G) College, Meerut

Author-Email:  dr_hagarwal@yahoo.com

Abstract: The US-India strategic partnership is rooted in shared values and is broad in its nature and scope, with our two countries working together toward global action on global  issues, including non-proliferation, energy and the environment, and expansion of economic and political freedom. The U.S. views India as a rising global power and partner, one whose interests converge in important respects with those of the United States.

Classification-JEL: A0, T18, C0

Keywords: US, India, Relationship, Economy

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 5-8.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-1.pdf

Article Views  :  97

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Title: Cross Culture Communication For Managers (A Fit to All application for Quick Globally Success.

Description: 

Author-Name:  Dr. Mrs. M. Jeyarathnam, Professor, Department of Management Studies, K.L.N. College of Engineering, Pottapalayam.

Author-Email:  mjeya2012@yahoo.co.in

Author-Name:  V. Moahanasundaram, Lecturer, Management Studies, Training and Placement Officer, P.S.R. Enginerring College, Sevalpatti, Sivakasi.

Author-Email:  vmspsg@yahoo.co.in

Abstract:  Managers must become proficient cross-cultural communicators if they wish to succeed in today’s global environment. The purpose of this paper is to synthesize multiple insights—from fields as diverse as anthropology, psychology, communication, linguistics, and organizational behavior—and apply them specifically to managerial communication. Culture consists of values, attitudes, behavior in a given group where most of the people spend most of the time. Managers can apply precisely the same kind of analysis to the culture of any given region, industry, organization, or work group. Communication is the life blood of an organization – and miscommunication has contributed to the equivalent of cardiovascular damage in an organization. Managerial communication is communication in a business context to achieve a desired result (writing a memo, interviewing an applicant, running a meeting, preparing a presentation). The managers, who want to succeed in today’s global environment, should undergo cross cultural awareness training. Cross-cultural awareness training is a simple, cost effective and long-term solution for many companies. As part of a properly prepared international business strategy the provision of intercultural training to staff can reap excellent rewards. Equipping key staff such as managers and sales staff with the know how to deal with other cultures not only guarantees a high success rate when doing internationally but also immediately offers a company a competitive edge.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 9-14.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-2.pdf

Article Views  :  87

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Title: Insurance Need for Customer Delight (A Case study of LIC of India’s Performance)

Description: 

Author-Name:  Dr. Rajeev Kumar Agarwal, Reader, Dept. of Commerce, Lal Bahadur Shastri P.G. College, Gonda (U.P.)

Author-Email:  agarawal_rajeevin@indiatimes.com

Title:  Insurance Need for Customer Delight (A Case study of LIC of India’s Performance) Abstract:  Life insurance was first time brought in India in 1818 at Calcutta by Europeans. The first attempt to regulate insurance business in India was with the enactment of legislation- The Indian Life Insurance Companies Act, 1912. Later on, by the year 1955, approsimately 170 insurance companies and 80 provident societies had been registered for conducting the business of life insurance in India. To regularize the insurance business and to protect the interests of poiicyholders, the Government of India nationalized the life insurance business by taking over 245 Indian and foreign insurance companies and provident societies. Thus, Life Insurance Corporation came into existence on Sept. 1, 1956. With the winds of change in overall global economy. Government of India set up an RN Malhotra Committeee to evaluate the Indian insurance industry and recommend its future direction. The committee submitted its report in 1994 giving insurance sector reforms a start. In 1999, the IRDA bill was passed and private companies started coming in this sector. But, the performance of LIC of India has been ever protected. The present paper gives an insight study of the performance of LIC of India

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 15-22.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-3.pdf

Article Views  :  110

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Title: Indian Managers’ Attitute Towards Business Ethics

Description: 

Author-Name:  Dr. P.K. Agarwal,Professor and Head, Department of Business Management, Institute of Informatics and Management Science, Meerut.

Author-Email:  dr_hagarwal@yahoo.com

Title:  Business ethics is nothing but the application of ethics in business. Business ethics deals with morality in the business environment. It involves moral judgement based on the understanding of the norms of society. Ethics extend beyond the legal question and involves goodness or badness of an act. Business ethics are concerned primarily with the relationship of business goals and techniques to specific human needs. It studies the impact of act on the good of the individual, the firm, the business community and the society as a whole. Business ethics studies the special obligations, which a man and citizen accepts when he becomes the part of the world of commerce. Since, business exists and operates within the society and is a part of a system of society, its functioning must contribute to the welfare of the society. To survive, develop & excel, business must earn social sanction of the society wherein it exists and functions. Without social sanctions, a business cannot earn loyal customers, cannot operate in the market place and will soon wither and die away.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 23-27.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-4.pdf

Article Views  :  171

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Title: International Accounting Standards (The Esperanto of Accounting Through Countries)

Description: 

Author-Name:  Alok Kumar Pramanik, Head, Department of Commerce, Bhatter College, Dhantan, Paschim Medinipur, West Bengal.

Author-Email:  alokdntan@sify.com

Title Globalisation has created an increasing need for communications which are internationally comprehensive and comprehensible, and financial information is no exception. It is for this reason that international standards in accounting are so important. The concept of establishing International Standards for accounting was germinated around the trun of 19th century in the first International Congress of Accounts held at St. Louis in 1904. Further, the drastic changes in the science and technology and changes in political reorganizations of the nations and their alliances have brought importance to the International Accounting Standards. The present paper is a broad essay comprising multinational facts about the IASs. It is concluded in this paper that enormous benefits will flow from convergence of accounting standards worldwide.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 28-33.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-5.pdf

Article Views  :  115

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Title: A New Approach In Competency Mapping (How Effectively the Personal Deployment Possible)

Description: 

Author-Name:  Dhruva Kumar Pandey, Lecturer, Department of Management, Institute of Technology and Science, Ghaziabad.

Author-Name:  Raghavendra Dwivedi, Lecturer, Department of Management, Institute of Technology and Science, Ghaziabad.

Author-Email:  ragh_dwivedi@yahoo.com

Abstract:  The complexities involved in the evolution of an innovative business practice, care must be taken for the competency required for the same in terms of organisation, process & people. Performance of people involved in any business directly linked with performance of business entity because business entity is an artificial person, can not do work itself. It totally depends on the person involved in the business to motivate the working force. Therefore, the competency mapping is vital. However, competency mapping is a difficult task. Here, we are trying to present a new approach of competency mapping. Moreover, there is a need to abridge the gap what company needs and what the workers can perform.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 34-38.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-6.pdf

Article Views  :  130

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Title: Life Insurance Distribution in India (The Emerging Paradigms in Intermediation)

Description: 

Author-Name:  Dr. Fulbag Singh, Professor, Department of Business Management, Guru Nanak Dev University, Amritsar.

Author-Email:  fulbaghsing@yahoo.com

Author-Name:  Sonia Chawla, Lecturer, Department. of Business Management, Malout Institute of Management and Technology, Malout.

Author-Email:  mimitrohit@gmail.com

Author-Name:  Bhupinder Singh, Lecturer, Department of Business Mangement, Malout Institute of Management and Technology, Malout.

Author-Email:  mimitrohit@gmail.com

Abstract:  The pattern of distribution has undergone vast changes with new channels being introduced with the liberalization of life insurance market in India. In the deregulated scenario, the private players are coming out with different types of distribution channels emerged such as corporate-agents, brokers, banks, SHGs and NGOs etc to get hold of customer in the variety of ways. Intermediary has to ensure high productivity, follow code of conduct, consistent performance and ensure quality of proposals. New players may tend to favor the “creamy” layer of the urban population because of the reason that with low sum assured and small premiums, the distribution cost of rural insurance products is high compared to that of urban products. However, nodal agencies like Non- government organization / self help group play a major role in the administration of insurance schemes in rural areas. In nutshell multi-channel distribution and marketing of insurance products will be the smart strategy for the Indian market.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 39-46.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-7.pdf

Article Views  :  136

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Title: A State Level Analysis of Poverty in India

Description: 

Author-Name:  S. S. Chauhan, Lecturer, NICE Management College, Meerut.

Author-Name:  Dr. Satendra Kumar, Lecturer, Master School of Management, Meerut

Author-Email:  satendrasoam@gmail.com

Abstract:  The concept of poverty is not only quantitative but also qualitative i.e., it affects the health and education. The incidence of poverty is expressed as a percentage of people living below the poverty line. The magnitude of rural poverty has declined almost at the same rate as that of urban poverty. Kerala, Delhi, Goa and Jammu & Kashmir have been able to bring about maximum reduction in incedence of poverty. Haryana, Karnataka, Tamil Nadu and Uttar Pradesh have also exceeded the national level performance in reducing the percentage of poverty. Andhra Pradesh and Punjab have just been a little below the national performance.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 47-52.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-8.pdf

Article Views  :  126

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Title: Rural Marketing in Globalized Era (The most Compelling Charm for Producers)

Description: 

Author-Name:  M. Sivakumar, Lecturer, Dept. of Management Studies, PSNA College of Engineering and Technology, Dindigul, Tamilnadu.

Author-Email:  shiva_ims@yahoo.co.in

Abstract:  Rural Marketing is an important part of economic growth in this global era. In India, the rural markets are explaning at such rapid pace that they have overtaken the growth in urban markets. It is emerging staranger with a gradual increase in disposable income of the rural folk. The buying behaviour demonstarated by the rural Indians differ tremendously in comparison to the urban Indians.The buying decisions are highly influenced by social customs, traditions and beliefs and purchasing power of the consumers. While planning promotional strategies in rural markets, marketers must be very careful in choosing the tool tobe used for communication. The unique consumption patterns, taste and needs of rural consumers should be analyzed. It needs to involve more intensive personal selling efforts. To look at the challenges and opportunities in the globalized era. It is compulsory to understand the dynamics of rural markets and to exploit them.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 53-58.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-9.pdf

Article Views  :  193

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Title: Transforming Consumer Experience via Advertising (The Emerging Media for Cyber Era)

Description: 

Author-Name:  S. Sakthivel Rani, Faculty-HR, Department of Business Administration, A.K. College of Engineering, KrishanKoil, Tamil Nadu.

Author-Email:  drsakthivelrani@yahoo.com

Abstract:  India is one of the few countries from the global south to emerge as a significant in the international media market. The field of Advertising is undergoing dramatic changes. The changes are coming from all sides-creative selling and making ads creatively, targeting the right type of audiences. This paper focuses on four aspects namely Newspapers and Magazines, Television, Internet and Wireless media. Firstly the paper focus on the trends toward market segmentation and regional marketing are prompting many advertisers to make use of Newspapers and Magazines. Secondly the commercialization of the electronic media was given a boost as globalization hit India, bringing about the transformation of India television in the early 1990’s, accelerated by the combined impact of new communication technologies and opening up of global markets. Thirdly the paper focuses on the Internet which is spreading like a wildfire in India with nearly half a million being added to the internet user’s base of 1.5 million. Today the shift is the consumers are browsing the net instead of watching television. Finally the focus is made on a rapidly growing interactive medium which is capturing the attention of marketers is wireless communication.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1.April, 2006. Pages: 59-64.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-10.pdf

Article Views  :  127

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Title: Economic Development of India and Cottage Industries (Their role and Contribution in the Development)

Description: 

Author-Name: Dr. Mayank Mohan, Lecturer, Department of Economics, Government Degree College, Badaun (U.P.)

Author-Email:  drmmmrt@gmail.com

Abstract: For the balanced economic growth in the country, the era of economic planning started in India on April 1,1951, when the first five-year plan was launched. Since then, nine five year plans havebeen completed and the tenth five-year plan is in progress. All these plans have stressed upon balanced economic growth in all the sectors of economy. Though agriculture is the largest source of livelihood for the people in India yet only this source is not sufficient for development of the Indian economy. It is believed that cottage industries can generate employment to the villagers and they can utilize their idle time and can be successful in improving their economic status.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 65-67.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-11.pdf

Article Views  :  145

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Title: The Survival of Public Sector Banks in the Post LPG Era (New Competitive Strategies to Develop Brisk Efficiency)

Description: 

Author-Name: Dr. R.K. Uppal, Head, Department of Economics, D.A.V. College, Malout (Punjab)

Author-Email:  rkuppal_mlt@yahoo.com

Abstract: In the Indian banking industry public sector banks occupies a vital place but their performance is very critical even in the post banking sector reforms period. There are so many issues, challenges, threats; they are facing for their survival in the era of globalization. The present paper compares and analyzes the profitability of four major bank groups i.e. SBI & its associates (G-I), Nationalized Banks (G-II), New Private Sector Banks (G-III) and Foreign Banks (G-IV) in the second post banking sector reforms era and concludes that there is a significant difference in the profitability of various major bank groups. The average profitability is the highest in the foreign banks (1.06 pc) and new private sector banks (0.96 pc) but the public sector banks are far behind in many parameters. From the correlation matrix, it is examined that the lower profitability of public sector banks is due to the significant and negative effect of burden whereas opposite in case of new private sector banks having their profitability higher due to the lowest burden and positive impact of interest income and interest expended. The paper suggests some strategies like (competitive strategies, customer focus, latest technology, effective HRM, capital planning, profit accountability, merger and acquisition and autonomy) which are necessary for the survival of public sector banks in the liberalized and globalized environment.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 68-72.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-12.pdf

Article Views  :  170

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Title: Higher Education in Independent India)

Description: 

Author-Name:  Dr. M. L. Agarwal, Reader, Faculty of Commerce and Business Administration D. N. College, Meerut

Author-Email:  drmmmrt@gmail.com

Author-Name:  Himani Agarwal, Research Scholar

Author-Email:  drmmmrt@gmail.com

Abstract: Though the planning of higher education undoubtedly has contributed to socio-economic growth, Higher education has been producing thousands of Art and Science degree holders including medical doctors, agricultural experts and technologists every year without having any consideration whether there are sufficient employment opportunities for them in the country. During plan period continuous efforts were made to regulate the growth of higher education as well as the establishment of new universities and colleges, and equip these with the latest of facilities but the results could not be attained upto desired extent. Now there is an urgent need to implement a new development strategy, which would progressively reduce the existing imbalance between the output and the employment opportunities.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 73-75.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-13.pdf

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Title: Socio-Economic Values Among Female and Male Child of Working and Non-working Educated Women

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Author-Name:  Dr. Kusum Lata Rautela, Lecturer, Dr. Shadi Lal College of Education, Meerut.

Abstract: Now-a-days working women are trying to raise the socio economic level of their families through jobs or business which increases the possibility of an adverse effect on the values of their children. Children are the future builders of the nation therefore it becomes essential to provide them an appropriate soothing environment so that their values, abilities, capabilities and personality can be developed according to the need of self and society. Mother plays a vital role in the life of a child, from the moment child is born, mothers instincts, affections, standards, values and ideals eventually shape her child. It is a matter of discussion till now whether the values of the children of working and non working educated women differ or to what extent mother’s employment affects the values of her children. For this purpose 800 students studying in class XI in CBSE schools at Meerut & Ghaziabad have been selected randomly. Out of these 800 students, mother of 322 students were found working and of rest 478 were non-working.138 female & 184 male children were having working mothers & 216 female & 262 male children were having non working mothers. For this purpose Background information pro forma (self made) & Personal value Questionnaire by G.P. Sherry and Verma were used. The result was analysed by using mean, Standard deviation & t test. It was observed that for female child of working & non working women differ significantly in religious, economic, knowledge, power, and family prestige, democratic, hedonistic and social value. However, no significant difference was found in aesthetic and health value.Further male child of working and non-working women differ significantly on their economic value, religious value and aesthetic value. However, no significant difference was found in knowledge, power, family prestige, democratic, social, hedonistic and health value in respect of the male child of working and non-working women.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 76-79.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-14.pdf

Article Views  :  246

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Title: Determinant of Indian Economy

Description: 

Author-Name:  Dr. Geeta Tomar, Part time Lecture in Commerce Department, D. N. College, Meerut.

Author-Name:  Vivek Gupta, Lecturer, S.D. Engineering College, Muzaffarnagar.

Abstract: The growth rate of Indian economy is 8.1 percent at the end of 2005-06. Illiteracy, general socio-economic backwardness, slow progress in implementing land reforms and inefficient finance and marketing services for farm produce. India has set up special economic zones and software parks that offer tax benefits and better infrastructure to set up business. 57% of the work force is in agriculture, which contributes to 25% of the G.D.P. The difference in growth rate between the forward and backward states was 0.3% (5.2% and 4.9%) during 1980-81 to 1990-91, but has grown to 3.3% (6.3% & 3.0%) during 1990-91 to 1997-98.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 80-83.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-15.pdf

Article Views  :  941

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Title: Capital Budgeting Decision Mechanism (An appraisal Escorts India Ltd)

Description: 

Author-Name:  Dr. A. K. Garg, Reader, Department of Commerce, A.S. (P.G.) College, Sikandrabad (U.P.).

Author-Email:  info@swatiprakashan.com

Author-Name:  Vipin Kumar Garg, Research Scholar.

Abstract: The investment proposals need to be related to the under lying corporate objectives and strategies. Capital expenditure decisions usually involve large sums of money, have time-spans and carry some degree of risk and uncertainty, hence realistic investment appraisal required. The present paper concentrates on the investment evaluation criteria of Escorts India Ltd.

Classification-JEL: A0, T18, C0

Keywords: stress, employee attraction, pressure, turnover, retention strategies

Journal of Commerce and Trade. Volume 1 Number 1. April, 2006. Pages: 84-87.

File-URL: http://www.jctindia.org/jct/april2006-v1i1-16.pdf

Article Views  :  10

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