IOSR Journal of Economics and Finance (IOSR-JEF)

Volume 3 - Issue 3

Paper Type : Research Paper
Title : Aspects and Pitfalls of Sez on Rural Economy of Maharashtra
Country : India
Authors : Anant Bapurao Mane, Prashant S. Salave
: 10.9790/5933-0330106    logo
Abstract: The objectives of the study in a nutshell are as follows (1) To analyze the basic concept of SEZ in Indian Economy, (2) To analyze the impact of SEZ on Indian Economy, as a whole. (3) To find the impact of SEZ on Rural India. (4) To find the drawbacks, if there, of implementing SEZ in India. This study aims at examining the impact of Special Economic Zones (SEZs) on human development and poverty reduction in India. It identifies three channels through which SEZs address these issues: employment generation, skill formation (human capital development), and technology and knowledge upgradation. the relationship between poverty and employment lies in the extent to which income generated from employment permits workers and their dependants to obtain goods and services necessary to meet minimum needs. Poverty reduction thus calls for the creation of remunerative, regular and good-quality jobs in the labour market. SEZs, if promoted vigorously can therefore act as an initiator in the process of human development and poverty alleviation in India. The role of SEZs in human capital formation appears to be relatively limited. Most SEZ units impart on-the-job training to their workers.
Keywords: Special Economic Zone (SEZ), local employment, Land ownership, Economic impacts.
[1]. Ministry of Finance, Govt. of India. 2011. Economic Survey, 2010–11. New Delhi: Ministry of Finance, Govt. of India.
[2]. Bethany Anne Zimmerman, Sustainable Operation of Special Economic Zones in India: A Comparative Study of Maharashtra and Goa, Blacksburg, Virginia, October 4, 2013.
[3]. Sourav Mukherjee, Special Economic Zone (SEZ)- Problems, Promises and Prospects, 2014. 1-23.
[4]. Aradhna Aggarwal, Impact of Special Economic Zones on Employment, Poverty and Human Development, Indian council for research on international economic relations, Paper No. 194, 2007, 1-44.
[5]. Kusago, T., and Z. Tzannatos . ‗Export Processing Zones: A Review in Need of Update', World Bank Discussion Paper No. 9802, World Bank, Washington, DC, January 1998.

Paper Type : Research Paper
Title : Implementation Tools of Central Budget in the Context of Gender Justice
Country : India
Authors : Balasaheb Annasaheb Bhagat, Prashanth S. Salave
: 10.9790/5933-0330718    logo
Abstract: Wome are neglected half in Indian society and women is always given secondary treatment. Hence, gender justice is a significant and challenging research area in the new world. Gender justice is based on social and economic environment credited through infrastructure economic provisions as well as opportunities give to women for development. Gendr justice is aimed to empower women not only throw microfinance and self help groups but also through the development of new schemes for women's all-round development in the various fields of national life, such as agriculture, industries and education. Analyzing programmes, strategies, interventions and policy initiatives from the perspective of their impact on status of women as reflected in important macro indicators like literacy, maternal mortality rate (MMR), participation in work force, e.g. analysis of substance and content of various interventions directed at health of women and correlate the same with indicators like MMR to establish need for corrective action in formulation of scheme/ approach.
Keywords: Central budget, Gender justice, religious communities, Budgets garner resources.
[1]. Rajesh, Gender Justice in Advertisements: Study of Indian Commercials, International Research Journal of Social Sciences, January 2014, Vol. 3(1), 17-20.
[2]. Vijaya Mahajan, Women Empowerment and Social Justice: A Socialist Feminist Social Work Approach, 2012 International Conference on Humanity, History and Society IPEDR vol.34 (2012) © (2012) IACSIT Press, Singapore.
[3]. Carr M, Chen M, Jhabwala R, Speaking out, Women's economic Empowerment in South asia, Vistaar Publications, New Delhi, 1998, p-12.
[4]. Ganguli Mukherjee, G., Majhi A.K., Jana, S.K. (2000), .Evaluation of 1120 Women Seeking Sterilisation Reversal ., Journal of the Indian Medical Association (JIMA), Volume-98, Number 4, Calcutta, April.
[5]. Gopalan, S. and Shiva, M (2000), National Profile on Women, Health and Development- Country Profile- India, Voluntary Health Association of India and World Health Organisation.

Paper Type : Research Paper
Title : An Overview of Indian Economy (1991-2013)
Country : India
Authors : Namrata Anand
: 10.9790/5933-0331924    logo
Abstract: Since 1951, India has fully-fledged as a planned economy. The first few plans focused on growth with strengthening of the manufacturing and industrial sector to form the backbone of the Indian economy. Other principal areas of planning were agriculture, poverty alleviation, employment generation, social development etc. Back in 1991, India saw itself battling its most critical economic and currency crisis ever, but after economic reforms and adopting the policy of LPG (Liberalization, Privatization, and Globalization) Indian economy performed well. Then again due to global financial crisis in 2008 Indian economy again interrupted and going through another turbulent phase. This paper analysis Indian economy from 1991-2013.
Key words: Indian Economy, Economic crisis, Global financial crisis.
[1]. Bhat, T. P. (2011). "Structural Changes in India's Foreign Trade" Retrieved on January 31, 2013.
[2]. Mohanty, D. (Executive Director, Reserve Bank of India) (27th September 2011). "Indian Economy: Progress and Prospects", Retrieved on January 26, 2013.
[3]. Mohanty, R. K. "Fiscal Deficit-Economic Growth Nexus in India: A Cointegration analysis", Retrieved on January 26, 2013.
[4]. The World Bank. (2012) "Indian Economic Update" Retrieved on February 03, 2013.
[5]. US India Business Council (2012) "India Foreign Direct Investment Trends India continues to provide opportunities in a challenging environment" Retrieved on February 01, 2013.

Paper Type : Research Paper
Title : A Study of Derivatives Market in India and its Current Position in Global Financial Derivatives Markets
Country : India
Authors : Ms. Shalini H S., Dr. Raveendra P. V.
: 10.9790/5933-0332542    logo
Abstract: The past decade has witnessed the multiple growths in the volume of international trade and business due to the wave of globalization and liberalization all over the world. As a result, the demand for the international money and financial instruments increased significantly at the global level. In this respect, change in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes in the macroeconomic factors have even threatened the very survival of business world. It is therefore essential to develop a set of new financial instruments known as derivatives in the Indian financial markets, to manage such risk. The basic purpose of these instruments is to provide commitments to prices for future dates for giving protection against adverse movements in future prices, in order to reduce the extent of financial risks.
Keywords: Bombay stock exchange, Derivatives, Exchange rate, Forward, Futures, National stock exchange, Notional value underlying asset, Options, Risk management, Swaps.
[1]. A. Vashishtha, S. Kumar, "Development of financial derivatives market in India-a case study", (accessed on
20 February, 2014)
[2]. B. Brahmaiah and Rao P. Subba, "Financial futures and option", 1st ed., Himalaya Publishing House, New Delhi, 1998, PP.25-147.
[3]. D. Vasant, "The Indian financial system and development", 4th ed., Himalaya Publishing House, New Delhi, 2012, PP.398-412, 645- 677.
[4]. John C. Hull, "Futures and options markets", 2nd ed., PHI Learning Private Ltd., New Delhi, 2009, PP.1-169.
[5]. M. Gurusamy, and J. Sachin, "Financial derivatives", 1st ed., Ramesh Book Depot, New Delhi, 2009-10, PP.1.01-5.10.

Paper Type : Research Paper
Country : India
Authors : Dr. (Smt.) Rajeshwari M. Shettar
: 10.9790/5933-0334348    logo
Abstract: The present study is a modest attempt to analyze the socio-economic impact of bank advances on beneficiaries. Beneficiaries were selected from Union Bank of India's branches at Dharwad District. The sample size of 300 beneficiaries was selected on the basis of stratified random sampling method. Data was processed and tabulated using Microsoft Excel-2007 software, then the data were analyzed with reference to the objectives and hypothesis by using differential analysis like chi-square test, unpaired t-test and one way ANOVA by using SPSS 16.0 statistical software and the results are obtained. The study found that, there has been a considerable change in the net income of the beneficiaries from advances..
[1]. Johanna Hietalahti and Mikael Linden "Socio-Economic impacts of microfinance and repayment performance: a case study of the Small Enterprise Foundation, South Africa", Journal of Progress in Development Studies, 6, 3 2006 pp 201-210.
[2]. Dr. Rakesh Mohan "Impact of Low Rate of Interest on Rural Credit-A Case Study", Financing Agriculture-A National Journal of Agriculture and Rural Development October-November, 2006.
[3]. A.S. Shiralshetti "Bank finance for Grape Cultivation in Bijapur district: A diagnostic study", A Ph d Thesis submitted to K. U. Dharwad, 2005.
[4]. Rajashekar Hurkadli "Bank Finance to Sugarcane Growers in Belgaum District: A Critical Study", A Ph.D. Thesis submitted to K.U. Dharwad, 2002.
[5]. Jothi V.N. "Socio-Economic Impact : Micro financing of Self Help Groups", SCMS Journal of Indian Management, January-March, 2010.

Paper Type : Research Paper
Title : Can Microfinancing Improve Small and Medium Scale Enterprises in Lagos State, Nigeria
Country : Nigeria
Authors : Samuel Olumuyiwa Olusanya, 2Babatunde Jelili Sufian, 3Olajide-Arise Temi
: 10.9790/5933-0334956    logo
Abstract: Microfinance is the array of financial services, including loans, savings and insurance, available to poor entrepreneurs and small business owners who have no collateral and would not otherwise qualify for a standard bank loan. Most often, microloans are given to those living in still-developing countries who are working in a variety of different trades, including carpentry, fishing and transportation. However, the paper makes use primary data and questionnaire were distributed to fifty (50) staff of AB microfinance bank, Ikeja branch, Lagos state and fifty (50) selected small and medium scale enterprises in Ikeja metropolis, Lagos State, Nigeria and Spearman's rank correlation coefficient was adopted as the estimation techniques.
[1]. Ajani O. O. (2001). A paper presented on "Micro finance as a strategy for poverty reduction" macmilliam press publication page 4 -10 (2001).
[2]. Berenbach, D., Guzman, B.Gierameen, F, Holt, T. (1994). Group peer pressure contribution, a textbook, 6th edition, pages 66 – 117 Grawhill press limited, 1994.
[3]. Dale, J.J. (2014), A paper presented on "micro finance institutions in Nigeria: policy, practice and potential", university of Lagos publication 2004 page 4 – 12 (2004).
[4]. Fisher and Sriram (2002). Savings and credit toward development in Sweden, a university of lund publication, 4th edition, pages 107 – 132, lund university press limited Sweden.
[5]. Feranmi, R.E. (2014). Loans and economic development a textbook, 3rd edition pages 113 – 161, freshwood press limited, France.
[6]. Global Development Research center (2005). Loan with collateral, atextbook, 3rd edition pages 66 – 103 GDRC press limited, Nigeria.

Paper Type : Research Paper
Title : Impact of Computerized Banking Monitoring Information System onthe Performance of Nigerian Banking Industry. (A Case Study of Zenith Bank Plc.)
Country : Nigeria
Authors : samuel Olumuyiwa Olusanya, Oluremi Adelowo, Babatunde Jelili Sufian
: 10.9790/5933-0335763    logo
Abstract: The paper vividly takes a look at the implementation of computerized banking monitoring system in Nigeria banking industry using Zenith bank Nigeria Plc as a case study. Moreover, Computerized banking monitoring information system in Nigerian banking industry is one of the ways the bankers try to reduce fraud and some other irregular activities in transferring cash online. However, the paper makes use of primary data of questionnaires analysis that were distributed to one hundred and fifty (150) staffs of Zenith bank Nigerian Plc. Three hypotheses were tested using spearman's rank correlation coefficient and the result shows thatthe lacks of security on the current automates system has a significant effect on internet banking services and the cost of implementing computerized banking monitoring information system has a significant effect on Zenith bank Performance in Nigeria banking industry.
[1]. Awaju, A.F. (2001). Importance of computerize monitoring system in Nigeria, Journal vo 3, pg 44-56, Macmillan Press limited.
[2]. Adams, R.T. (1991). Information Communication Technology and Nigerian Banking Industry, Journal vol 6, pg 18-32, Mill world Press.
[3]. Adelabu, Y.R. (1999). The analysis of Acceptance of Internet banking in Nigeria Banking industry, Macmillan Company limited.
[4]. Aganga, F.A. (1991). Movement of Computer System in broader perspective, 2nd edition pg 66-78, MKK Publication limited.
[5]. Brown, S.S. (1991). Computer and its Application, a textbook, 3rd ediion, pg 66-78, Macgrawhill Publication limited.
[6]. Buffalo, A.E. (2012). Security and maintenance of Information system, Journal pg 33-51, MLK Press limited.
[7]. Bill, C.D. (2001). Impact of Computerize Monitoring information System on performance of banking industry, Journal vol 7, pg 66, World press limited.

Paper Type : Research Paper
Title : Model Validation of a Credit Scorecard Using Bootstrap Method
Country : India
Authors : Dilsha M, Kiruthika
: 10.9790/5933-0336468    logo
Abstract: The validation of a credit risk scorecards is very important. Lenders therefore need a proper validation methodology to convince their supervisors that their credit scoring models are performing well. In this paper we propose a simple validation methodology by using bootstrap. We compare this methodology by applying it to a default model of microfinance credit scorecard. Keywords: Bootstrap, Microfinance, credit scorecard
[1] Frank. E. Harrell, Regression Modeling Strategies( New York: Springer, 2001)
[2] Thomas. L, A Survey of Credit and Behavioural Scoring; Forecasting financialrisk of lending to consumers, International Journal of Forecasting, 16(2), 2000, 149 -172.
[3] Sharma. S, Applied Multivariate Techniques (New York, NY: John Wiley Sons, 1996).
[4] Vogelgesang, U, Microfinance in Times of Crisis: The Effects of Competition, Rising Indebtness, and Economic Crisis on Repayment Behaviour, World Development, 31(12), 2003, 2085-2114.
[5] Crook, J., Hamilton, R. and Thomas, L. A comparison of discriminations underalternative definitions for credit default. in L. Thomas, J. Crook and D. Edelman (eds),Credit Scoring and CreditControl. Oxford: Oxford University Press, 1992,217-245.

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