Volume 9 Number 1: April, 2014

Title: An Overview on Corporate Social Responsibility and Sustainable Development in India

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Author-Name:   Dr. R. Uma Devi, Assistant Professor, PG Department of Commerce, Dr SRK Govt. Arts College, Pondicherry University, Yaman, India

Author-Email:  r.umadevidandu@gmail.com

Abstract: Nowadays due to globalization, the concept of Corporate Social Responsibility (CSR) has gained utmost importance and has become a worldwide concept whereby organisations consider the interests of society by taking responsibility for the impact of their activities. In India CSR is in a budding stage and facing daunting social and environmental challenges due consider social and environmental aspects through their CSR for their sustainability and development. CSR covers almost all issues like the use of child labor; inequality of employment; environmental impact; involvement in local community; products’ safety; company cultures; brand image and reputation etc. and it is one of the parameters to judge the performance of a company . Sustainability refers to an organization’s activities, typically considered voluntary, that demonstrate the inclusion of social and environmental concerns in business operations and in interactions with stakeholders. Against this backdrop, an attempt has been made to overview the CSR practices in India.

Keywords: Corporate Social Responsibility, development, sustainability, environmental challenges, stakeholders

Classification-JEL: R23

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 5-17

File-URL: http://www.jctindia.org/jct/april2014-v9i1-01.pdf

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Title: A Study of Satisfaction Level of Customers in Government and Private Hospitals

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Author-Name:   Dr. Charu Goel, Assistant Professor, Department of Commerce, R. K. College, Shamili, U.P.

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Abstract: The prime objective of any servicing organisation like hospitals is the creation of felling of satisfaction among its customers. In hospitals patients are enumerated as the customers. The concept of patients’ satisfaction is converted into patients’delight in the present healthcare industry which means patient should not only be cured during his stay in hospital but also should be delighted with the quality of services provided to him by the hospital and its staff members. It is an old saying that customers are the real evaluator of any organisation. Evaluation of any organisation may be judged through the perception of its customers. Here perception means the level of satisfaction of customers after availing the services of organisation. In case of hospitals patients’ perception determines the success level of a particular healthcare unit as it is generally based on personal experience, word of mouth publicity or authentic information received by a close person.

Keywords: Customers’ Satisfaction Level in Govt. & Private Hospitals

Classification-JEL: M10

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 18-26

File-URL: http://www.jctindia.org/jct/april2014-v9i1-02.pdf

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Title: Modern ‘Silk Road’ and its Relevance in Trade Relations of India with Present Central Asian States

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Author-Name:   Dr. Bhuwnesher Kumar Tyagi, Assistant Professor, Department of History, Govt. J. N. S. PG College, Shujualpur, M.P.

Author-Email: bh.tyagi@gmail.com 

Abstract: The Silk Road was an interconnected series of routes through Southern Asia traversed by caravans and ocean vessels, and connecting Chang’an (present Xi’an), China, with Antioch, Syria, as well as other countries. Its influence carried over into Korea and Japan. These exchanges were critical not only for the development and flowering of the great civilizations of Ancient Egypt, China, India and Rome but also laid the foundations of our modern world. Malik Mohammad Jaisi, the poet of Hindi in his work Padmavat describes Alauddin Khilji with Central Asian horses. In the middle Ages, especially under the Mughals a regular flow of trade through the overland caravan routes was established. During the reign of Akbar two caravan routes to Central Asia were in usage, one from Lahore to Kabul and the other from Multan to Kandhar, whereas Bukhara, Samarkand, Khiva and Merv were important centres of trade in Central Asia, and Peshawar, Shikarpur, and Multan functioned as imporant trade marts in India. The ancient Silk Road was once unsurpassed in the trade it took across continents, the cultures that were linked by the camel caravans and donkey who wended their way through its dust. Nowadays, as the old thoroughfare falls into poor condition and for getfulness, r egions along it are also suffering. They are falling victim to poverty, isolation and even terrorism.

Keywords: Silk Road, Central Asian States, Trade Relations

Classification-JEL: F10

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 27-30

File-URL: http://www.jctindia.org/jct/april2014-v9i1-03.pdf

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Title: Organizational Setup & Human Resource Profile of Handicraft Industry of District Saharanpur

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Author-Name:    Dr. Ravi Bansal, Assistant Professor, Department of Commerce, R. K. College, Shamili, U.P.

Author-Email: bh.tyagi@gmail.com 

Abstract: Saharanpur is famous for its wood-carving industry. The Shivalik range provides the raw material for the industry. Woodwork of Saharanpur is exported to various countries like Germany, U.K., USA, Canada, Kuwait, Sweden, Singapore etc. Alike other handicraft industries, skilled craftsmanship are the principal feature of wood-carving industry of Saharanpur. On the other hand, a major part of wood-carving industry is in the hands of the middlemen. As a tradition, most of them carry their small-scale units and work on contract basis. They constitute a real link between the artisans, the exporters and the foreign buyers. Hence, the progress of wood-carving industry of Saharanpur primarily depends upon the craftsmanship of artisans along with professional skill of middlemen and exporters.

Keywords: Handicraft, Woodwork, Saharanpur District, Export of Wood carving

Classification-JEL: R23

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 31-37

File-URL: http://www.jctindia.org/jct/april2014-v9i1-04.pdf

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Title: Impact of Training & Development in Public Sector Enterprises(A Case Study of BHEL & HMT)

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Author-Name:    Smt. Smita Singh, Research Scholar, Mewar Univeristy, Chittorgarh, Rajasthan, India.

Author-Email: bh.tyagi@gmail.com 

Author-Name:  Dr. D. R. Yadav, Associate Professor, Faculty of Commerce and Business Administration, Meerut College, Meerut.

Abstract: Training and development refers to the practice of providing training, workshops, coaching, mentoring, or other learning opportunities to employees to inspire, challenge, and motivate them to perform the functions of their position to the best of their ability and within standards set by local, state, Tribal, Federal and licensing organization guidelines. Training and development activities provide all involved system of care parties with the tools they need to develop professionally, increase their knowledge, effectively work with families, and build their capacity to perform the tasks associated with their positions within the system of care. Since a system of care operates within an existing human service agency, it is expected that most human resource issues, such as hiring, benefits, staff recognition, and performance appraisal issues, would be handled within the agency’s human resources department. It would be important to make sure that system of care principles are infused into the day to day practices of human resources personnel. It is worth noting that many systems of care have developed recognition and award programs for individuals who have exceeded expectations in their system of care efforts.

Keywords: Handicraft, Woodwork, Saharanpur District, Export of Wood carving

Classification-JEL: O32

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 38-45

File-URL: http://www.jctindia.org/jct/april2014-v9i1-05.pdf

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Title: A Study of Recruitment & Selection of Employees in Public Sector Enterprises of India

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Author-Name:    Dr. S. Poornima, Associate Professor, P.S.G.R.Krishnammal College for Women, Coimbatore

Author-Email: pourni2007@gmail.com

Author-Name:  V. Chitra, Assistant Professor, Karpagam Institute of Technology, Coimbatore

Author-Email: chitra.nehha23@gmail.com

Abstract: This study investigates whether Friday effect exist in NSE NIFTY. The weekend Effect or Day of the Week Effect has been a hot research topic among academicians for decades. The most popular Anomaly is the Friday Effect, meaning that the Friday’s Average Return is significantly higher than the Other Days’ Average Returns. The presence of Friday Effect defeats the basic premises of the Efficient Market Hypothesis. Besides, it has greater implications on the design of investment strategy in the long run. The outcome of the study initiate that there was Highest Mean Return recorded in Friday and the Lowest Mean Returns were recorded in Monday for the sample indices. The analysis of seasonality results point out there is no significant Friday Effect exists in NSE NIFTY during the study period.

Keywords: Day of the Week Effect, Friday Effect, Efficient Market Hypothesis, Seasonality, Dummy Variable Regression Model.

Classification-JEL: M51

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 46-52

File-URL: http://www.jctindia.org/jct/april2014-v9i1-06.pdf

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Title: Export Led Growth in Agriculture and Food Industry in India

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Author-Name:    Praveen Jyoti, Head, Department of Commerce, N. A. S. College, Meerut, U. P.

Author-Email: prvnjyt@gmail.com

Author-Name:  Dr. Neha Sharma, HOD, Department of BBA and B. Com., Shree Karni College, Jaipur, Rajasthan

Author-Email: nehapreety85@gmail.com

Abstract: There are many contributors in the growth of a country such as export, employment, investment, well established infrastructure, govt. policies, globalization, education, etc. Among all these contributors export is a very main contributor. India is an agriculture based country. Most of the population is based on agriculture. So for the growth and development of our country government should think about the rate of export in agricultural products. Because this is a very important sector which plays an important role in growth of economic development of India. The report begins with an overview of the agriculture and food industry. It provides an introduction to the market and includes information regarding growth in agriculture, foodconsumption levels as well as the primary factors leading to a growing industry. The value chain in the market has beenhighlighted and includes the major sectors in the market. We have also discuss the factors which can limit the rate ofeconomic growth. The agencies of public sector housing finance companies, Private sector housing companies and banks are competitors in housing finance market. Every citizen of the country dreams of having his own house. It is the bounden duty of the government to provide house to the houseless. Considering the paramount importance of housing, government no doubt considered.

Keywords: Export, Employment, Investment, Well established infrastructure, Govt. policies, Globalization, Education

Classification-JEL: E58

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 53-63

File-URL: http://www.jctindia.org/jct/april2014-v9i1-07.pdf

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Title: Renewable Energy-Solar Power in India

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Author-Name:    Dr. Vandana Tyagi, Principal, GDC Memorial College, Bahal, Haryana, India.

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Abstract: Renewable energy is basically the energy that comes from natural sources such as wind, sunlight, tides, rain, and geothermal heat. Generally renewable energy projects are used on a large scale, however, this does not mean that renewable energy cannot be used in smaller areas such as villages or more generally rural areas. A clear example can be seen in Kenya, where it is estimated that roughly 30,000 small solar power units with a capacity of 20 to 100 watts are sold every year. This is the largest solar ownership rate in the world for residential communities. Even though energy from renewable energy sources is growing rapidly, with markets such as solar cells, wind and bio-diesel experiencing annual double digit growth, the overall share is only expected to increase marginally over the coming decades as the demand for energy also grows rapidly, particularly in many developing countries. In India, the scientific focus is deliberately moving towards transforming coal into clean energy as well as harnessing hydropower. The recent surge in nuclear energy is also diverting focus from the solar energy enhancement. In all probability, the Indian government will support off-grid solar energy production through a decentralized manner. In spite of this, India needs to focus research on solar energy and cheaper photovoltaic to provide affordable energy to all.

Keywords: Sunlight, Geothermal Heat, Revewable Energy, Solar Power.

Classification-JEL: E59

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 64-68

File-URL: http://www.jctindia.org/jct/april2014-v9i1-08.pdf

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Title: Performance of Agricultural Capital Formation in India during To Regime: An Impact of AOA

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Author-Name:    Dr. Shailza., Research Scholar

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Abstract: World Trade Organization (WTO), the modified transformation of GATT 1947 including new package of various agreements, has made easier way to flow the trade among the member countries. As India is an agro-prime country, Agreement on Agriculture (AOA) becomes very important and sensitive issue for India. But with trade openness factor some paradoxical things are included in this agreement like green box and blue box arrangement which exist especially in developed countries. Through this way developed countries may block the imports from the developing countries according their welfares without any objection of other countries. So Indian farmers are unable to compete with the cheap subsidized product of developed countries and finally they have no choice except low priced selling of their agricultural products. Thus this loss of income of farmers decreases the agricultural investment. We analyzed that the annual average of Gross Capital Formation (GCF) in agriculture & allied sectors as percentage of Gross Domestic Capital Formation (GDCF) and as percentage of Gross Domestic Product (GDP) decreased from 21.57% and 2.55% in pre WTO period to 6.22% and 2.16%, respectively, in post WTO period in India. 

Keywords: Agricultural Capital, WTO, AOA, Capital Formation

Classification-JEL: M59

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 69-72

File-URL: http://www.jctindia.org/jct/april2014-v9i1-09.pdf

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Title: Urban Development Planning: The Need for a New Parasdigm

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Author-Name:    Dr. Vikas Kumar, Accountant, Additional Director Pension, Meerut Division, Meerut, U. P.

Author-Email:  dr_vikaskumar@yahoo.in

Author-Name:    Chhavi Yadav, Research Scholar, Faculty of Commerce and Business Administration, D. N. College, meerut.

Author-Email:  dr_vikaskumar@yahoo.in 

Abstract: Planning solutions are viewed as a strategy for building new cities and as a means for upgrading existing cities. Little clarity, however, exists about the constituents of possible new paradigms of urban planning. This paper has two objectives. The first is to draw some conclusions from past experience on building new cities and upgrading existing ones. The DP and its process should not be used to reify boundaries between legality and illegality as interpretations of what is legal and illegal are subject to change and are unduly influenced by certain groups. Rather, it should focus on enhancing the functionality of the city. An important strategy for operationalizing this is to promote the viability of the informal sector. This will enhance the quality of life of many people as well as the growth of the formal economy to which the informal sector is closely linked.

Keywords: Agricultural Capital, WTO, AOA, Capital Formation

Classification-JEL: F14

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 73-78

File-URL: http://www.jctindia.org/jct/april2014-v9i1-010.pdf

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Title: A Study on Stress Management Among the Employees of Nationalised Banks

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Author-Name:    Anuj Goel, Assistant Professor, JPIEAS, Meerut, U. P.

Author-Email:  professoranuj@gmail.com

Author-Name:    Akshita Kamboj, Research Scholar, Shri Venkateshwara University, Gajraula, Amroha, U.P.

Author-Email:  professoranuj@gmail.com

Abstract: Organizational life is quite stressful. Work pressures, tight schedules, meetings that never seem to end on time, unhelpful colleagues, critical bosses, incompetent subordinates and a host of other irritating factors may all have a cumulative effect in making the lives of modern-day executives quite miserable. As we all know, stress is the body’s reaction to any demand made on it. Perception of events, whether positive or negative, activates stress. Banking, like other services, has become one of the highly competitive sectors in India. The banking organizations, since the beginning of this decade, have been facing greater challenges in terms of technological revolution, service diversification and global banking. Stress is unavoidable on the part of the employees as the systems, procedures; techniques are getting complicated with the use of advance technology. Every employee cannot cope with such rapid changes taking place in the jobs. This will lead to arising of stress among employees. An attempt has been made through this research paper to know the reasons of stress among the bank employees and the ways used by employees to cope with the stress generated at workplace. It is found that maximum number of employees in banks remains in stress. Majority of the employees try to find solution to relieve them from stress. Also the measures are also suggested in the paper to overcome stress that affects their physical and mental health.

Keywords: Agricultural Capital, WTO, AOA, Capital Formation

Classification-JEL: O29

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 79-81

File-URL: http://www.jctindia.org/jct/april2014-v9i1-011.pdf

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Title: Finanacial Functions and New Trends

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Author-Name:    Dr. Vijay Prakash Mishra, Lecturer, Applied Economics, S. J. N. PG College, Lucknow

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Abstract: Retail financial services have just entered a new stage of development in India. This is evident, for example, in the fact that an increasing number of banks are allocating substantial management resources to various areas of retail financial services. Behind this movement is a business strategy among banks to strengthen their profitability, now that the nonperforming-loan (NPL) problem has been nearly overcome. Enhancement of retail financial services, however, is not a trend seen only in India, but it has been a common feature in financial industries worldwide since the 1990s. Considering that the Indian financial system is regaining its stability, we at the Bank of India has taken a number of steps with the intention of contributing to developing and spreading advanced financial technologies through our functions of on-site examinations and off-site monitoring to encourage financial institutions’ efforts to provide more advanced financial services. 

Keywords: Corporate Behaviour, Financial Institutions, Deregulation, Retail Finance

Classification-JEL: M31

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 82-88

File-URL: http://www.jctindia.org/jct/april2014-v9i1-012.pdf

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Title: India’s Foreign Trade with China Since Economic Reforms in India

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Author-Name:    Amit Chandna, Research Scholar, Department of Economics, Meerut College, Meerut.

Author-Email:  amitchandna84@gmail.com

Abstract: The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially with respect to manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China. Still, China’s integration process so far remains characterized by a certain duality. On the one hand the opening up of trade and FDI in manufactured goods has spurred the emergence of a largely private sector. On the other hand the high level of public ownership and important regulatory barriers continue to dominate the services sectors. India has gone a long way in reducing its tariffs on non-agricultural products as well as selected non-tariff barriers but moderate protection still persists which likely adds to the hurdles faced by the Indian manufacturing sector. India has revealed a comparative advantage in certain segments of the services sector but its services trade policy is still very restrictive, even as compared to China. More generally the extent of liberalisation achieved so far in India and the outcomes it brought about suggest that the remaining goods and services trade barriers are just but one item on the list of reforms that India needs to tackle in order to promote trade-led expansion of more labour-intensive activities.
India has gone a long way in reducing its tariffs on non-agricultural products as well as certain non-tariff barriers but moderate protection still persists which likely adds to the costs of intermediate inputs and, thus, to the hurdles faced by the Indian manufacturing sector. India has revealed a comparative advantage in certain segments of the services sector but its services trade policy is still very restrictive, even as compared to China. The extent of liberalisation achieved so far and the outcomes it brought about suggest that the remaining goods and services trade barriers are just one item on the list of reforms that India needs to tackle in order to promote trade-led expansion of labour-intensive activities.

Keywords: Corporate Behaviour, Financial Institutions, Deregulation, Retail Finance

Classification-JEL: L88

Journal of Commerce and Trade. Volume 9 Number 1. April, 2014. Pages: 89-98

File-URL: http://www.jctindia.org/jct/april2014-v9i1-013.pdf

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