Asian Journal of Research in Business Economics & Management, 2013
In a developing country like India, government performs a very crucial role for the overall devel... more In a developing country like India, government performs a very crucial role for the overall development. It needs to perform a large number of activities requiring a huge public expenditure. To meet this expenditure they require public revenue. Taxes are one of the important sources of public revenue. Taxes are not a recent origin. It was levied dates back to time immemorial. It can be classified into direct (impact & incidence on same person) and indirect (impact & incidence on different person) taxes. A report reveals that in India only 2.77% people pay income tax which has a very less proportion in compare to developed countries. So, government made a continuous effort to bring more people under the regime of taxation, so that public revenue can be increased. This paper is an attempt to study the taxation systems prevailed in the past and recent trends and patterns of direct taxation in India. Keywords: Direct Taxation, Tax Revenue, History of Taxation, Tax-GDP Ratio, Income Tax, Buoyancy Factor, Trends and Patterns.
Inspira- Journal of Modern Management & Entrepreneurship, 2015
Liquidity management is one of the core functions of modern organisation. It deals with the manag... more Liquidity management is one of the core functions of modern organisation. It deals with the management of liquidity in such a way that profitability should be maximized. Liquidity is concerned with the ability of firm to meet its short term obligations while profitability deals with the ability of firm to earn profit. An effective liquidity management focuses on proper trade-off between liquidity and profitability. Oil and Natural Gas Corporation Limited (ONGC), a largest producer of crude Oil and natural Gas in India, has a Maharatna status, a most valuable Public Sector Enterprise Unit (PSU) with Rs. 4 trillion market capitalizations. It has a fifth rank in Asia. The total Oil & Gas production of ONGC Group has been 59.21 MMToe during 2013-14. The liquidity position of ONGC is measured through liquidity ratios [CR, LR, WCTR, ITR, DTR and NWCTA] while profitability position of ONGC is measured through profitability ratios [NPR, OPR, ROTA, ROCE, ROI and EPS]. This paper is an attempt to study the impact of liquidity on ONGC profitability. To gauge such impact correlation and multiple regressions analysis has been used. The result reveals that liquidity has no impact on ONGC profitability. Keywords: Liquidity Management, Profitability, Liquidity, Working Capital Management, Petroleum Industry, ONGC, Regression Analysis
India is a striking and diverse tourism destination for the people. It has tremendous potential t... more India is a striking and diverse tourism destination for the people. It has tremendous potential to grow and act as a catalyst for economic development and growth. It focuses on inclusive and sustainable growth of socially marginalized group. As per the report of World Travel & Tourism Council (WTTC), India’s Travel & Tourism sector has 7th rank and 2nd rank in World in term of total contribution to country GDP and support to employment respectively in 2016. India Travel & Tourism sector generated INR14.1 trillion (USD208.9 billion) which was 9.6% of India’s GDP and supported 40.3 million jobs which accounts for 9.3% of the country’s total jobs in 2016. The Ministry of Tourism, Government of India has taken several initiatives to increase and promote tourism in India such as improving tourism infrastructure, ease of visa process, prognostic the country as a 365 days’ tourist destination, quality assurance etc. The present work is an attempt to study the performance and growth of tourism industry in India. Keywords: Tourism, Tourist, Economy, Foreigner, FEE, GDP, India
Abstract
Insurance is not a recent origin. It has been enforce in India dated back to the Vedic ... more Abstract Insurance is not a recent origin. It has been enforce in India dated back to the Vedic period. Establishment of Oriental Life Insurance Corporation by Anita Bhavsar in 1818 forms the basis of present life insurance industry in India. Insurance sector constitutes as one of the important pillar of the financial market. In 2000, Government reopens the Indian insurance industry to private companies which leads to the remarkable growth (increasing trends) in life insurance business. The sector witnesses a multi-fold growth in terms of insurance density (4 fold), amount of investment (5 fold), total premium (4 fold), number of new policy issued (doubled), number of offices opened (4 times) etc. Even a tremendous growth in life insurance industry, there are still a large portion of population who are remain uninsured. It demonstrates the lot of opportunities. But in last few years, the performance of life insurance industry has been shown a downfall (decreasing trends) because of slow economic growth rate, higher inflation, global crises, low saving etc. So, life insurers required to change their strategies and offered customized product so that the untapped market can be served effectively. This paper is an attempt to study the trends and pattern of Indian life insurance industry.
Key words- Insurance, Life Insurance, IRDA, LIC, Policy, Trends and Pattern, Nationalisation, Economic Development JEL Classification: G22, C33, C32
Every country needs a vision statement which stirs the imagination and motivates all segments of ... more Every country needs a vision statement which stirs the imagination and motivates all segments of society to greater effort. It is an essential step in building a political consensus on a broad national development strategy, which encompasses, inter-alia, the roles and responsibilities of different agents in the economy, such as Central, State and local government, the private corporate sector, the small and tiny sector, people's organisations etc. It must identify the potential risks and bottlenecks and their possible solutions in order to mobilise efforts in a focussed manner. It is clear, therefore, that to meet these objectives, a vision statement has to operate at several levels of generality and specificity.
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Papers by Dr Mohd Arif
a large number of activities requiring a huge public expenditure. To meet this expenditure they require public revenue. Taxes
are one of the important sources of public revenue. Taxes are not a recent origin. It was levied dates back to time
immemorial. It can be classified into direct (impact & incidence on same person) and indirect (impact & incidence on different
person) taxes. A report reveals that in India only 2.77% people pay income tax which has a very less proportion in compare
to developed countries. So, government made a continuous effort to bring more people under the regime of taxation, so that
public revenue can be increased. This paper is an attempt to study the taxation systems prevailed in the past and recent
trends and patterns of direct taxation in India.
Keywords: Direct Taxation, Tax Revenue, History of Taxation, Tax-GDP Ratio, Income Tax, Buoyancy Factor, Trends and Patterns.
with the ability of firm to earn profit. An effective liquidity management focuses on proper trade-off between liquidity and profitability. Oil and Natural Gas Corporation Limited (ONGC), a largest producer of crude Oil and natural Gas in India, has a Maharatna status, a most valuable Public Sector Enterprise Unit (PSU) with Rs. 4 trillion market capitalizations. It
has a fifth rank in Asia. The total Oil & Gas production of ONGC Group has been 59.21 MMToe during 2013-14. The liquidity position of ONGC is measured through liquidity ratios [CR, LR, WCTR, ITR, DTR and NWCTA] while profitability position of ONGC is measured through profitability ratios [NPR, OPR, ROTA, ROCE, ROI and EPS]. This paper is an attempt to study the impact of liquidity on ONGC profitability. To gauge such impact correlation and multiple regressions analysis has been used. The result reveals that liquidity has no impact on ONGC profitability.
Keywords: Liquidity Management, Profitability, Liquidity, Working Capital Management, Petroleum Industry, ONGC, Regression Analysis
2nd rank in World in term of total contribution to country GDP and support to employment respectively in 2016. India Travel & Tourism sector generated INR14.1 trillion (USD208.9 billion) which was 9.6% of India’s GDP and supported 40.3 million jobs which accounts for 9.3% of the country’s total jobs in 2016. The Ministry of Tourism, Government of India has taken several initiatives to increase and promote tourism in India such as improving tourism infrastructure, ease of visa process, prognostic the country as a 365 days’ tourist destination, quality assurance etc. The present work is an attempt to study the performance
and growth of tourism industry in India.
Keywords: Tourism, Tourist, Economy, Foreigner, FEE, GDP, India
Insurance is not a recent origin. It has been enforce in India dated back to the Vedic period. Establishment of Oriental Life Insurance Corporation by Anita Bhavsar in 1818 forms the basis of present life insurance industry in India. Insurance sector constitutes as one of the important pillar of the financial market. In 2000, Government reopens the Indian insurance industry to private companies which leads to the remarkable growth (increasing trends) in life insurance business. The sector witnesses a multi-fold growth in terms of insurance density (4 fold), amount of investment (5 fold), total premium (4 fold), number of new policy issued (doubled), number of offices opened (4 times) etc. Even a tremendous growth in life insurance industry, there are still a large portion of population who are remain uninsured. It demonstrates the lot of opportunities.
But in last few years, the performance of life insurance industry has been shown a downfall (decreasing trends) because of slow economic growth rate, higher inflation, global crises, low saving etc. So, life insurers required to change their strategies and offered customized product so that the untapped market can be served effectively. This paper is an attempt to study the trends and pattern of Indian life insurance industry.
Key words- Insurance, Life Insurance, IRDA, LIC, Policy, Trends and Pattern, Nationalisation, Economic Development
JEL Classification: G22, C33, C32