Journal of Business Management and Information Systems

Economic Productivity through Net National Disposable Income

2023-09-03T07:54:06+00:00

According to the Keynesian consumption function, Consumption expenditure plays a crucial role in determining the Gross Domestic Product (GDP), as evident in the Absolute Income Hypothesis. This concept has subsequently been used in developing the permanent income hypothesis and the life cycle hypothesis. However, when considering the net national disposable income after accounting for factors like net factor income from abroad, taxes, and subsidies, it becomes clear that final consumption expenditure holds a more dominant position. A gap in the existing literature arises from the historical unavailability of data, leading to the use of GDP as a proxy variable instead of net national disposable income when determining the consumption function for India. This research paper aims to address this gap by employing the net national disposable income of the Indian economy to estimate the consumption function for the period between 1994 and 2018. Additionally, it empirically tests the long-term effects of current income and current wealth (defined as past year income minus past year consumption) on consumption within the context of the Indian economy. The empirical findings provide support for a significant positive relationship between consumption and income and wealth. This is further substantiated by the significant values of the marginal propensity to consume (MPC) derived from income and wealth during the given time period. The estimated equation aligns with the life cycle hypothesis for the Indian economy, indicating that long-term, steadfast planning is crucial for improving the productive capacity of the economy, reducing poverty, and enhancing employment levels more effectively.

Mudra Loan Disbursement Among Different Social Groups

2023-09-03T07:54:05+00:00

Indian banking and financial system work as a catalyst to this growth trajectory. To strengthen the micro business segment, a feather has been added under the aegis of GOI in the year 2015 to the formal lending system in the form of MUDRA. It has been a milepost accomplishment in the financial inclusion panorama. Through this system, the endeavour is to bring all the sectors into mainstream and to make financial services available to all the sectors. MUDRA provides different categories and sub-categories of formal loans at a low rate of interest according to the needs and requirements of startups and other micro enterprise units. MUDRA loans have been instrumental in providing financial support to individuals from various social groups, promoting inclusivity and empowerment. It addresses the lack of access to formal credit for individuals from different social groups, who often face difficulties in obtaining loans from traditional banking institutions due to various reasons such as lack of collateral, low income, or limited credit history. It offers customized loan products designed to cater to the specific needs and requirements of small and micro enterprises. MUDRA Credit is accompanied by various support mechanisms such as capacity building, skill development, and business mentoring. These initiatives help borrowers enhance their entrepreneurial skills, manage their businesses effectively, and improve their chances of success.

It is important to note that MUDRA loans are not limited to any specific social group. They are available to individuals from all social groups who meet the eligibility criteria. The loans have been designed to cater to the diverse needs and aspirations of entrepreneurs across different social backgrounds, facilitating their access to formal credit and promoting entrepreneurship at the grassroots level. The present study utilizes the secondary data including government reports, surveys, and scholarly articles, and case studies, to provide an in-depth understanding of the sub-categories within the Mudra Yojana framework to assess the effectiveness and inclusivity of the Mudra Yojana in reaching marginalized communities. The study period is six years from 2016-17 to 2021-22. The Shishu category recorded the highest number of accounts i.e., 26,70,67,119 along with highest loan disbursement of Rs. 7,31,706.97 among all the categories. The study shows continuous growth among all the sub-categories (except in OBC in Shishu Loans) in all the Mudra Loans Schemes.

An Analytical Study of Merger of Syndicate Bank with Canara Bank

2023-09-12T04:41:20+00:00

Most companies employ mergers and acquisitions to improve and retain their market standing. The banking business in India is expanding fast now. The Indian banking sector has seen an increase in the number of mergers and acquisitions in the more recent years. This study throws some lights on the recent merger in Indian banking industries and analyses how the merger between Canara Bank and a syndicate bank affected the acquiring Bank's wealth, profitability, and overall performance after the merger was completed. Mergers and acquisitions have been a relatively recent trend in the Indian banking industry. It paves the way for banks to become industry leaders and provide exceptional returns to their investors.

Role of Fashion Industry and Its Impact on Economy

2024-01-09T14:58:33+00:00

The purpose of this study is to ascertain whether a greater understanding of the detrimental environmental repercussions of fast fashion and its possible influence on college students' future shopping behaviour are related. In order to achieve this, we carried out a survey analysis of students' buying habits, taking into account the frequency of their clothing purchases, the popular brands they choose, and impact on environmental and their wardrobe choices. We examined results and their correlations with the fashion motto and their connectivity with clothing purchases, investigated their fast purchasing patterns, and the fashion chosen by individuals. According to our findings, a large number of people are unaware of the negative environmental effects that major brands have unless they are specifically educated about the matter.

KEYWORDS: Environment, Renewable Resources, Non-Renewable resources, Education

Performance Evaluation of Tractor driven Round Baler in Residue Management

2024-01-09T14:58:33+00:00

The increasing use of combine harvesters in Nepal has led to a surge in straw burning, causing environmental pollution, soil degradation, and other adverse effects. To address this issue, a 4-wheel tractor-driven round baler was tested and evaluated in Nepal.

Field testing was conducted to gather information on straw, machine, and bale parameters, as well as baling costs. The machine's field capacity, efficiency, straw recovery, fuel consumption, and baling time were determined. The baling process, including drying and bale formation, was also assessed.

Results: The round baler demonstrated a field capacity of 0.75 ha/h, 95% efficiency, 92% straw recovery, 5 liters/hr fuel consumption, and 1.3 hrs/ha baling time. The bales, with 20% moisture content, measured 0.64 m in diameter, weighed 16 kg, and had a cost of NRs 4600/ha. The machine exhibited an average baling capacity of 30-35 bales/hr for rice straw and 35-40 bales/hr for wheat straw, with better efficiency in baling wheat straw.

The tested round baler showed promising results in addressing the residue burning issue, promoting the "earn, do not burn" concept. It offered a viable solution for efficiently baling rice and wheat straw, thereby contributing to environmental sustainability and economic viability in the agricultural sector.

Waste Management through Waste Segregation: Survey Analysis of a North Delhi Locality

2024-02-11T17:27:43+00:00

Waste generation and its management is a critical crosscutting concern given its impact on health, climate change, poverty reduction, food and resource security, sustainable production and consumption, environment and the concomitant economic costs associated with it. This comprehensive study using data from 708 households of a North Delhi locality examines factors that influence household behaviours related to waste segregation through a multifaceted analysis employing crosstabulation analysis and logistic regression analysis. The research explores factors influencing awareness and adoption of waste segregation practices, providing nuanced insights for effective policy formulation. Key findings highlight the intricate relationships among demographic characteristics, education, awareness, and economic factors in shaping household waste management practices. The analysis of determinants reveals the impact of household size, education levels, and the presence of senior citizens and working members on awareness about waste segregation. Additionally, infrastructure elements, such as the availability of coloured dustbins and waste disposal methods, significantly influence awareness. Waste segregation adoption patterns exhibit diverse influences, with larger households and higher self-reported awareness positively affecting practices. Policy implications derived from the analysis emphasise targeted educational programmes, income-related strategies, and tailored outreach for specific demographic groups. In conclusion, the study underscores the need for a comprehensive, multifaceted approach that considers demographic, educational, and economic factors in waste management policies. The findings contribute to fostering a culture of responsible waste management, offering practical insights for policymakers and communities striving towards environmental sustainability.

Promoter’s Shareholding, Financial Distress and Capital Structure Decisions: An Empirical Study of Indian Firms

2024-02-11T17:27:43+00:00

This paper examines the effect of promoter’s shareholding and the level of financial distress on capital structure of Indian firms. Using the annual financial data of 1,102 non-financial firms listed on the Bombay Stock Exchange (BSE) from 2007 to 2019 in a panel structure, our study employs dynamic panel data techniques for analysis. The main objective of this paper is to find out how the financially distressed Indian firms choose debt in their capital structure and the role of promoter’s shareholding in such choices. For this purpose, four groups of companies have been formed by combining various degrees of promoter’s shareholding and the level of financial distress measured through Altman’s Z-Score. Dummy variables were introduced to represent each group in the model. This paper uses industry leverage, net working capital to total assets ratio, growth opportunities (Market to book ratio), profitability, tangibility and size as the control variables in the final empirical model.

The findings provide that financially distressed Indian firms maintain higher leverage ratio than a financially non-distressed firm irrespective of the degree of ownership concentration in the hands of promoters. Since majority of Indian firms are owned by business families, this finding is completely opposite to the risk aversion behaviour of family- owned firms as advocated in literature.