Volume 9 Number 2: October, 2014

Title: MGNREGA-A Step towards Rural Development

Description: 

Author-Name:  Dr. Sudhir Kumar, Associate Professor, Department of Commerce & Business Administration, D. N. College, Meerut

Author-Email:  verma.shivani25@gmail.com​

Author-Name:  Shivani Verma, Research Scholar, Department of Commerce & Business Administration, D. N. College, Meerut

Author-Email:  verma.shivani25@gmail.com​

Abstract: The National Rural Employment Guarantee Act 2005 (NREGA) is the flagship programme of the UPA Government that directly touches lives of the poor and promotes inclusive growth. NREGA is the first ever law internationally, that guarantees wage employment at an unprecedented scale. NREGA is designed as a safety net to reduce migration by rural poor households in the lean period through a hundred days of guaranteed unskilled manual labour provided when demanded at minimum wage on works focused on water conservation, land development & drought proofing. This study is proposed to examine that how MGNREGA is impacting the lives of millions of people living in rural areas and the citizens living below poverty line. Dr. Jean Drèze, a Belgian born economist, at the Delhi School of Economics, has been a major influence on this project. MGNREGA is an Act to provide a legal guarantee of 100 days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. He/she will get the minimum wage rate notified for agricultural labour in the State until the Central Government notifies a minimum wage rate, which in any case shall not be less than Rs. 60 per day. NREGA came into effect on February 2, 2006.

Keywords: MGNREGA, NREGA, Rural Development.

Classification-JEL: R23

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 7-13

File-URL: http://www.jctindia.org/jct/october2014-v9i2-1.pdf

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Title: Integrating Sunday with Monday through Friday-Consistencies Between Biblical Principles and Management Theory

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Author-Name:  M. Kenneth Holt, Austin Peay State University, Clarksville TN, USA 

Author-Email:  prof.kennyholt@gmail.com

Author-Name:  Robert L. Holbrook, Ohio University, Athens OH, USA

Author-Email:  prof.kennyholt@gmail.com

Abstract: Christianity often takes a back seat to secular pursuits rather than serving as the context from which these pursuits originate. In other words, we behave much differently Monday through Friday than we do on Sunday. Part of the problem is that we as Christians sometimes fail to see the inter connectedness of our work and our faith. We know what the Bible teaches about how we should conduct ourselves, and we know what management theorists have said about how we should conduct our business. Specific theoretical and conceptual models firmly rooted in biblical principles are needed to demonstrate how Christian principles are consistent with many existing management theories. This paper takes the reader through Hind’s (1989) “Commandments of Caring,” which formed his basis for Servant Leadership, to show how these biblically derived principles can be found in existing secular management theories. Theories discussed include Taylor’s Scientific Management, House’s Path-Goal Theory, Hersey & Blanchard’s Situational Leadership andseveral others.

Keywords: Consistency, Biblical Principles, Management Theory

Classification-JEL: M10

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 14-21

File-URL: http://www.jctindia.org/jct/october2014-v9i2-2.pdf

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Title: Problems and Solutions of Export Promotion Measures in India

Description: 

Author-Name:  Dr. Devesh Gupta, Assistant Professor, J. P. Institute of Management, Meerut

Author-Email:  icfe.devesh@gmail.com

Author-Name:  Dr. Geetika Shukla, Assistant Professor, Dewan Institute of Management Studies, Meerut 

Author-Email:  icfe.devesh@gmail.com

Abstract: In the global economic environment of today, developing countries, including India, are facing throat-cut competition in international market. If India is to become a major player in the world trade, she needs to take a comprehensive view for the overall development of its foreign trade. Foreign trade policy and other economic policies must be coherent and consistent so that they may make maximum contribution to achieve the object. Importance of foreign trade policy and economic policies is duly recognized but without appropriate institutional support, these policies also may not bring the desired results. The process of economic reforms (Liberalization, Privatization and Globalization, collectively known as LPG model) and the increasing role of WTO have transformed almost all the sectors of Indian economy, including external sector. The rules of foreign trade game are being redefined, international business practices are changing and competition is becoming more intense. In this scenario, role of export promotion measures gets manifold. Thus, the support of export promotion measures and institutions becomes very important. Present study covers a study of export Promotion Measures in India. Objectives of these organizations and institutions have been studied and their working has been analyzed in the light of these objectives How far these objectives been achieved and how far not, has been the main theme of study. Problems being faced by these organizations have also been studied. Sincere efforts have been made to give some practical suggestions to improve the working of these organizations.

Keywords: Consistency, Biblical Principles, Management Theory

Classification-JEL: F10

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 22-28

File-URL: http://www.jctindia.org/jct/october2014-v9i2-3.pdf

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Title: Role of MNREGA to Eliminate Poverty From India

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Author-Name:  Dr. Vikas Kumar, Associate Professor, Department of Commerce, Govt. Raja (P.G.) College, Rampur

Author-Email:  dr_vikaskumar@yahoo.in

Abstract: The poverty alleviation programmes of the Ministry of Rural Development are designed to act as safety nets to the poor during the times of crisis even while addressing partly the multi-dimensional poverty. The National Rural Employment Guarantee Act 2005, a social protection programme, has emerged as a major theme in development discourses perhaps due to its scale of finance and adoption of ‘rights’ based framework. What has been its overall impact and in particular on rural poverty? The effect of MNREGS would be positive for these farm households if the community and individual works undertaken under the scheme help in productivity enhancement of agriculture. Field evidence needs to be systematically analyzed before drawing conclusions of the programme impact.

Keywords: MGNREGA, MGNREGS, Land Productivity, Group Farming

Classification-JEL: R23

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 29-33

File-URL: http://www.jctindia.org/jct/october2014-v9i2-4.pdf

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Title: Integration & Impact of Information Technology on Indian Economy

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Author-Name:  Dr. Gulrukh Salim, Guest Faculty, Department of Commerce, Jamia Milia Islamia University, Delhi

Author-Email:  

Abstract: India occupies a major place in list of developing countries and is expected to have basic capabilities to compete with world economies. Before 1991, India adopted policy of self-reliance but in this era of LPG, India’s industrial and agricultural structure is being transformed into open and mixed economy. On the basis of various surveys and fact conducted by National and International Agencies, India is still lacking in the basic needs of livelihood, despite having occupied the position of third largest economy of the world. . Now the rising demand for the sustainability of Indian economy is to jump into development process, global integration and optimum use and magnitude of resources. Information technology is offering new techniques of sharing information and transacting business with the change in the nature of financial and other service sectors, providing the accurate means of using the individual and institutional worth of countries in both public and private sector. The basic emphasis of this paper is on the integration of world economy to Indian economy, considering various factors, risks and major contribution by leading or ganizations like BRICS, WTO etc. and the impact of Information Technology on Indian economy.

Keywords: Information Technology, BRICKS, Agricultural and Food Security

Classification-JEL: O32

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 34-38

File-URL: http://www.jctindia.org/jct/october2014-v9i2-5.pdf

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

Description: 

Author-Name:   Dr. Arvind Kumar Yadav,  Head, Faculty of Commerce, KMGG (PG) College, Badalpur, G. B. Nagar, U.P.

Author-Email:  arvind3510@gmail.com

Author-Name:   Sanjeev Kumar, Assistant Professor, Faculty of Commerce, KMGG (PG) College, Badalpur, G. B. Nagar, U.P.

Author-Email:  arvind3510@gmail.com

Abstract: Recruitment and selection are two important functions of human resource management. Technically speaking the function of recruitment precedes the selection function. It includes finding, developing prospective employees and attracting them to apply for jobs in an organization. Selection is the process of finding out the most suitable candidate to the job. Successful recruitment and selection practices are key components at the entry point of human resources in any organization .Efficient recruitment and selection strategies result in improved organizational outcomes. An organizational system is a function of the size of an enterprise. In smaller enterprises, there may be merely informal recruiting procedures and the line official may be responsible to handle this function along with his usual responsibilities. On the other hand, in the larger organizations,there is usually a staff unit attached with personnel or an industrial relations department designated as employment or recruitment office. This specialization of recruitment enables staff personnel to become highly skilled in recruitment techniques and their evaluation. However, recruitment remains the line responsibility as for as the personnel requisition forms are originated by the line personnel, who have also the final word in the acceptance or rejection of a particular applicant. In this research paper researcher highlighted sources of recruitment, placement process and placement polices of public sector enterprises.

Keywords: MGNREGA, NREGA, Rural Development.

Classification-JEL: M51

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 39-43

File-URL: http://www.jctindia.org/jct/october2014-v9i2-6.pdf

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Title: Housing Finance in India : A Comparative Study of Public and Private Sector Banks

Description: 

Author-Name:   Dr. Shiv Kumar Garg, Post Doctoral Fellow from ICSSR, Faculty of Comm. & Busi. Admin., D. N. College, Meerut, U.P.

Author-Email:  dr.shivgarg@gmail.com

Author-Name:   Dr. Gajendra Kumar, Post Doctoral Fellow from ICSSR, Faculty of Comm. & Busi. Admin., D. N. College, Meerut, U.P.

Author-Email:  dr.shivgarg@gmail.com

Abstract: Housing or shelter is the basic need of human being. This is accepted by the civilized society. Housing is an enigma to the developing countries; it is simultaneously the hardest problem to solvethe social housing schemes. Though shelter was enshrined as a fundamental right in the constitution, housing did not get the attention it reserved. In the light of bank reforms and government encouraged banking sectors to identify housing finance sector and its importance in lending. After 1990s all public sector banks were struggling with NPA problem. The housing shortage is increasing day by day as a proportion to the massive incr ease in population. Today, there are more than 350 housing finance companies registered with the registrar of companies of these 29 have been approved by NHB for financial assistance. Housing finance sector is fastest growing segment of the retail financing sector with a slew of tax breaks and sharp cut in of cost of owing housing, buying a house is easier. 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: Housing Finance, NPA, Public sector Banks

Classification-JEL: E58

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 44-53

File-URL: http://www.jctindia.org/jct/october2014-v9i2-7.pdf

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Title: Performance Appraisal of Mutual Funds Operating in India

Description: 

Author-Name:   Sharad Ranjan, Department of Economics, Zakir Husain PG Evening College, University of Delhi, Delhi

Author-Email:  sharadrtyagi@gmail.com

Author-Name:   Shailza Gupta, Department of Economics, Zakir Husain Delhi College, University of Delhi, Delhi

Author-Email:  sharadrtyagi@gmail.com

Abstract: Mutual funds provide a mechanism to invest in the stock market without knowing the complexities of stock market. It provides the best option to the investors who have no knowledge of the stock market. It is just the connecting bridge that allows a group of investors to pool their money together with a predetermined investment objective. Over the past decade, mutual funds have increasingly become the investor’s vehicle of choice for long-term investment. It becomes pertinent to study the performance of the mutual fund. The relation between risk-return determines the performance of a mutual fund scheme. As risk is commensurate with return, therefore, providing maximum return on the investment made within the acceptable associated risk level helps in segregating the better performers from the laggards. Many asset management companies are working in India, so it is necessary to study the performance of it which may be useful for the investors to select the right mutual fund. Therefore, the author has taken the performance of mutual fund as the main thrust area for the present research entitled, “Performance Appraisal of Mutual Funds Operating in India.” Secondary data is taken as a basis of analysis in this research. Top five asset management companies is selected as per AUM as on 30th September 2014. Thus, it can be said that of all 5 sample companies, HDFC Equity Fund is the best performer and give positive results.

Keywords: Housing Finance, NPA, Public sector Banks

Classification-JEL: E59

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 54-62

File-URL: http://www.jctindia.org/jct/october2014-v9i2-8.pdf

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Title: Organisational Stress and Employee Dissatisfaction at Work: A Case Study to Boost Employee Satisfaction

Description: 

Author-Name:   Upma Goel, Research Scholar, Sri Venkateshwara University, Gajraula, Amroha, UP

Author-Email:  sharadrtyagi@gmail.com

Abstract: Employee satisfaction is the terminology used to describe whether employees are happy and comfortable and fulfilling their desires and needs at work. Many measures purport that employee satisfaction is a factor in employee motivation, employee goal achievement, and positive employee morale in the workplace.Employee satisfaction, while generally a positive in your organization, can also be a downer if mediocre employees stay because they are satisfied with your work environment.Employee satisfaction or job satisfaction is, quite simply, how content or satisfied employees are with their jobs. Employee satisfaction is typically measured using an employee satisfaction survey. These surveys address topics such as compensation, workload, perceptions of management, flexibility, teamwork, resources, etc. This paper tries to identify the various measures for increasing employee satisfaction at work. 

Keywords: Organisational Stress, Employee Dissatisfaction, Job Satisfaction, Stress Management

Classification-JEL: M59

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 63-72

File-URL: http://www.jctindia.org/jct/october2014-v9i2-9.pdf

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Title: Sea Food Export in Tamilnadu: A Case Study

Description: 

Author-Name:   Dr. S. Rajmohan, Professor, Alagappa Institute of Management, Alagappa University, Karaikudi, Tamilnadu

Author-Email:  joeljebadurai64@gmail.com

Author-Name:   D. Joel Jebadurai, Research Scholar, Alagappa Institute of Management, Alagappa University, Karaikudi, Tamilnadu

Author-Email:  joeljebadurai64@gmail.com

Abstract: Export of seafood needs utmost care from the beginning of the production process because it is the food which is exported for the consumption of the human beings. In Tamilnadu seafood exporters are very interested to involve in the seafood business, it is mainly for the reason of the resources acquisition through inland and marine sources and long coastal line. But in the coin, another side of this business it was face serious hurdle from the starting point of the business such as in infrequent supply of the raw materials due to mismatching demand between the production and export demand of seafood, low unit value realization of the major item in the export basket, obtaining license from the export inspection council and so on. In this research the researcher has used the mean, standard deviation, co variance, growth rate, compound annual growth rate, Pearson correlation analysis and so on. Through this study correlation analysis found that the there is a relationship exist between the quantity supplied and value of the seafood in the international market. The researcher
concluded that seafood production has achieved better level and also demand is high in the international market but in the supply side of the export, seafood export quantity is supplied to the international market is changed based on the reason of unfavorable prices in the international market and wastage of the majority of the fisheries sources due to the improper cold storage.

Keywords: Seafood, Export level, Tamilnadu, Fisheries

Classification-JEL: F14

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 73-76

File-URL: http://www.jctindia.org/jct/october2014-v9i2-10.pdf

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Title: Telecommunication Sector and Foreign Direct Investment: An Indian Perspective

Description: 

Author-Name:   Dr. Dinesh Mahajan, Head, Department of Commerce, Mayur College, Kapurthala, Punjab

Author-Email:  ddin_1991@rediffmail.com

Abstract: A paradigm shift has occurred in the telecommunication sector after 1991. After the liberlisation measures taken in 1991, this sector has brought revolution in the history of India. In this study an attempt has been made to assess the existing scenario of FDI in the telecommunication sector and to analyse the FDI inflows in this sector. The study reveals that FDI inflows have increased from Rs. 685.54 crores in 2000 to Rs. 1,770 crores in 2013. This sector is mainly dominated by Mauritius and followed by Singapore, Russia, Japan and U.S.A. The major share in FDI inflows in this sector is attracted by New Delhi region. No doubt much progress has been made in urban areas and metros in the telecommunication sector but still there exists a lot of scope for this sector in semi urban and rural areas.

Keywords: Telecom, Growth, Foreign Direct Investment, TRAI, Regions

Classification-JEL: O29

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 77-87

File-URL: http://www.jctindia.org/jct/october2014-v9i2-11.pdf

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Title: Role of Media in the Commercialization of Contemporary Arts

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Author-Name:   Dr. Archana Rani, Head, Department of Drawing and Painting, R. G. College, Meerut, UP

Author-Email:  drarchana.art@gmail.com

Abstract: The glory of all ancient civilization is unearthed in their ruins as a proof of artistic excellence when Architecture, Sculpture, Drawing and painting etc. were very intelligently planned in terms of aesthetics, magnificence and utility. Later, Indian art was influenced by Greek art and techniques but the mixing up of two forms did not compromise on the artistic excellence rather this combination further enhanced the richness of artistic creativity. There was a time when art adorned the wall of palaces, temples, or public places where the patrons would be the kings, religious bodies or the great and rich men in the society. At its most basic sense. Social media represent a shift in how people discover, read and share news, information and countent. Social media have become extremely popular because they allow people to connect in the online world to form relationships for personal, political and business use. Art, whether traditional or contemporary has been combined with the media forms to each the people. Here media, informs the people about the various art forms and the way it can be utilized for beautification or for any psychological influence, thus leading to its commercialization. Art of one country has reached to each and every part of the world through the help of media.

Keywords: Media, Contemporary Art, Commercialization, Art-Commerce, Social Media

Classification-JEL: M31

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 83-87

File-URL: http://www.jctindia.org/jct/october2014-v9i2-12.pdf

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Title: Role of Industrial Relations in Public Sector Enterprises-The Indian Scenario

Description: 

Author-Name:   Somya Sharma, Research Scholar, Mewar University, Gangrar, Rajasthan

Author-Email:  

Abstract: The relationship between labour and management became very complex and neither party had any faith or confidence in each other. The big business concerns growing at a fast pace, the labour problems demanded an intelligent solution. Now, we have different labour enactments and judicial decision, which play a major role in regulating industrial relations. For maintaining harmonious labour management relations and for creating a climate of mutual confidence and trust between management and employees, public sector was expected to serve as a model employer and pace maker for rest of the economy. For long, the Indian industry had enjoyed the parental affection of the government under various pleas of socialism, welfare state, economic and industrial development, etc. Now it had to fight for itself for its very survival against the global giants on its own. Against this backdrop, we can proceed to analyse the significance of the present study. With the winds of change sweeping across the length and breadth of our country, the industrial relations (IR) situation cannot possibly remain a mute spectator to such nation-wide transition Thus, the author has chosen the topic “Role of Industrual Relations in Public Sector Enterprises : The Indian Scenario.” IR in future may move in the direction of com radeship between the two main IR protagonists — management and trade union. With the terms of debate already showing signs of drastic change, IR in future will be governed by a totally new set of parameters. There is gradual realization by both the partners that to survive, both have to surrender their sectional interests at the alter of the superordinate interest of the economy.

Keywords: Industrial Relations, Public Sector Enterprises, Paradigm Shift, Trade Unions, Vicious Circle

Classification-JEL: L88

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 88-95

File-URL: http://www.jctindia.org/jct/october2014-v9i2-13.pdf

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Title: An Evaluation of Foreign Direct Investment in India

Description: 

Author-Name:   Dr. Kavita Saxena, Assistant Professor, Department of Economics, D. N. Collge, Meerut, U.P.

Author-Email:  ks96735@gmail.com

Abstract: FDI benefits domestic industry as well as the consumers by providing opportunities for technological upgradation, access to global managerial skills and practices, optimal utilization o human and natural resources, making Indian industry internationally competitive, opening of export market, providing backward and forward linkages and access to international quality goods and services. It is most important that FDI is central for India’s integration into global production chain, which involves production by multinational corporations spread across locations ail over the world. Liberalization policies have led to rapid growth in FDI flows in recent years. Basing on the benefits associated with FDI several developing; as well developed countries complete to a high degree for FDI. Foreign capital is considered as an important element in the path of development process in India. FDIs have created tremendous opportunity for India’s development and helped to boost the performance of local firms as well as the globalization of some of them. This has undeniably raised India’s stature among developing countries. India needs massive investments to sustain high- quality economic growth, particularly in the energy and infrastructure sectors. Policy makers are looking at FDI on its own is not a panacea for rapid growth and development. What India needs is to put in place a comprehensive development strategy, which includes being open to trade and FDI. This should go a long way in fulfilling the ultimate goal of permanently eradicating poverty.

Keywords: Liberalisation, FDI, Foreign Capital

Classification-JEL: F23

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 96-100

File-URL: http://www.jctindia.org/jct/october2014-v9i2-14.pdf

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Title: Responsibility of Agro Processing Industries in Rural Development

Description: 

Author-Name:   Amrit Parashar, Research Scholar, Uttarakhand Technical University, Dehradun

Author-Email:  parashar04amrit@gmail.com

Abstract: Most important point in the agro-processing is that a sizeable portion of raw material processed in them being rural based it has a very high employment potential with significantly lower investment. Agro-industry generates new demand on the farm sector for more and different agricultural outputs, which are more suitable for processing. On the other hand, development of these industries would relax wage goods constraints to economic growth by enhancing the supply of their products. In this context there is a need for improving the capacity of the agro-industries to harness backward linkages with agriculture
and allied activities in order to efficiently convert part of the output to value added products acceptable to the domestic and international markets. This would generate employment opportunities for different types of skills through food processing, packaging, grading and distribution. At the same time this will transfer a size margin to farmers through market linkages.

Keywords: Agro-Industry, agricultural transformation

Classification-JEL: Q13

Journal of Commerce and Trade. Volume 9 Number 2. October, 2014. Pages: 101-106

File-URL: http://www.jctindia.org/jct/october2014-v9i2-15.pdf

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