Papers by Ashish M Puranik
European Economic Letters, 2025
Sanskrit Subhashitas are always a matter of curiosity. Indian culture and practices are considere... more Sanskrit Subhashitas are always a matter of curiosity. Indian culture and practices are considered to be only spiritual; but Indian culture has gifted the world with great philosophical knowledge. Indus Valley Civilisation was well-organised and well-developed. The civilisation, culture and language are parallel to each other. If culture was developed and civilisation was at its peak, then it also means that the practices and work culture were also well-developed and managed. The management and administrative principles and thoughts were in practice. Su-bhashita' means the best and well-said quotes. Entire philosophy and knowledge of ancient culture is recorded in Sanskrit. Ancient Sanskrit texts are found in the form of Shlokas. It is an 'expression in a formulaic manner using limited words'. Any concept of knowledge, takes many sentences and examples to explain. Sanskrit explains the same in the shortest form of 'Shubhashita'. 'Su' means the best and 'bhashita' means told or said. There are many such commonly used 'Subhashitas' which are neither from any standardised book nor said by some leading 'Rishi'. All those are lifestyle teachings and guiding principles or indigenous proverbs for Indian society. The paper is an attempt to study selected 41 unlisted and commonly used 'Subhashitas' explaining management and administrative principles.
Advances in Consumer Research, 2025
The rapid integration of AI-powered recommendation engines into e-commerce platforms has transfor... more The rapid integration of AI-powered recommendation engines into e-commerce platforms has transformed how consumers interact with digital content and make purchase decisions. This study explores the behavioral and psychological mechanisms underpinning consumer responses to AIgenerated product suggestions, emphasizing the roles of perceived personalization, algorithmic trust, and perceived intrusiveness. Anchored in dual-process theory, the research employed a crosssectional design with 430 online shoppers, analyzed through PLS-SEM and multiple regression techniques.
Ravindra Bharati University Journal of Economics , 2024
Abstract
ESG audit is a buzz word now. Economic and social sustainability of corporates depends o... more Abstract
ESG audit is a buzz word now. Economic and social sustainability of corporates depends on the processes they follow. SDGs were announced in 2015 and the evolution of the business world towards sustainability took place in corporate agendas. Sustainability is nothing but long-term financial security of any company. Several studies have been done till date to understand the relationship between ESG performance and financial performance of the companies. Mixed results have been found. With rapidly improving mechanism for ESG reporting, rating and auditing, the need to study its role in risk in stock returns has arose. Change in stock prices in relation to change in index (Beta) is a major factor in a stock investment decision. With the changing times, the need of the hour for the investors is to focus on ESG compliance as well as on long term sustainable investments. Automobile sector is a large industry worldwide and India has many automobile companies. Automobile sector is a major contributor in industrial development in many cities in India. Automobile companies have many such activities which can affect the environmental, social as well as financial sustainability issues. Hence, automobile sector is taken for the study. This paper attempts to compare the relationship between market Beta risk factor and ESG rating given to the companies. This study is done using content analysis, correlation and regression analysis to establish relationship between ESG Rating and Beta value, Environment score and Beta value, Social score and Beta value, and Governance score and Beta value. Ten Automobile OEM companies have been studied for the purpose of this research. This study will be helpful for businesses to raise and attract finance.
Key words:
Sustainability Reporting, ESG, ESG Rating, BRSR, Beta value
M. P. Institute of Social Science Research, Ujjain, 2024
Limited is a public company domiciled in India and incorporated under the provision of the Compan... more Limited is a public company domiciled in India and incorporated under the provision of the Companies Act 1956. The company primarily operates in three areas-poultry & poultry products, Animal health products, & oilseeds. It is a fitting case study to examine the consequences of adopting IndAS. This study aims to analyze financial data from 2011 to 2023 to evaluate the impact of IndAS on Venky's financial statements. For greater transparency and comparability, the Indian Accounting Standards (IndAS) represent a significant change in financial reporting practice after adoption. To emphasize trends and impact, the study examines how the adoption of IndAS has affected Venky's (India) limited financial statements. Its objective includes analyzing IndAS trends before and after implementation, analyzing how it has affected the financial statement, and comprehending the effects of the IndAS implementation on Venky's financial position. The study examines the changes in reserves and inventories, biological asset, and their impact on Venky's financial health after IndAS adoption. Using statistical analysis and hypothesis testing, this study helps to understand the effects of IndAS implementation on financial statement reporting and decisionmaking. The statistical analysis provides an analysis of the impact of reserves and inventories on each other due to the implementation of IndAS. IndAS directly impacts inventories and biological assets.
Journal Of the Oriental Institute M.S. University of Baroda , 2024
Geographical Indication is a certification for genuinity of products. The concept of GI will gain... more Geographical Indication is a certification for genuinity of products. The concept of GI will gain
impact in the market if consumers understand the GI tag and identify GI tagged products.
Researchers thought upon the analysis of consumers perceptions on GI. The present study
focuses on studying consumer perception about GI-tagged products. Primary Data from 197
respondents is collected. The study reveals purchase intention, purchase frequency, purchase
determinants, and purchase occasion of GI-tagged products and some qualitative responses
about enhancing the economic impact of GI-tagged products. One-way ANOVA and F test to
test the hypotheses. It is suggested that the government should launch an advertisement
campaign to promote GI-tagged products since consumers prefer to purchase such products as
tourist. Further recommended that direct marketing would be the most effective strategy for
making available authentic GI-tagged products. Recently there has been use of blockchain
technology chips in Kolhapuri chappals (GI-tagged leather footwear in Maharashtra) and
special packaging material for Devgad Alphonso Mangoes to prevent the sale of counterfeit
products. This study recommends tools to enhance the economic impact of GI products.
Review of Research, 2024
The economic combination of the GDP is dominated by
Service sector in most of the developed and ... more The economic combination of the GDP is dominated by
Service sector in most of the developed and developing countries.
The growth of service sector is essential to tackle the changing
need of the industry and increasing population. Technology has
lifted the service sector and growth rate of service sector is faster.
The scope of service sector is wide and expanding day by day.
Changing expectations of customers have changed the industries,
and service sector has major contribution and role in the same.
The coin has other side, if you observe European developed
countries like Greece, Switzerland etc. their economic problems
have originated due to excessive economic dependency on service sector.
India was an agrarian country and Maharashtra has great contribution to national development since
inception, still 58% of India and 53% population of Maharashtra depends on agriculture for their
livelihood whereas their contribution to the GDP is around 17% at national level and 11% at Maharashtra
State level. This indicates the changing trend. GDP contribution of Service sector is more but dependency of
population is more than half on agriculture. This will keep creating income disparity. Increased income
disparity will lead further economic problems as well. Service sector industries like banking, transport,
logistics, insurance, hotel and hospitality, aviation, entertainment, training, ITES, IT and computers, BPOs,
delivery services, medical services, educational services etc are essential but they can’t replace the food
requirements and production as well. Growth of service sector is essential but need and requirement
should be assessed before. The need of an hour is to test the future perspective of growth of service sector.
The paper tries to address the issue of service sector, and impact of its expansion in future with specific
reference to Maharashtra.
ADHYAPAN , 2024
Agricultural accounting has been formalized in many ways, but the format and
principal came into... more Agricultural accounting has been formalized in many ways, but the format and
principal came into focus after IFRS were introduced. A formal accounting process
has been implemented in the agriculture and allied sectors. Implementation Ind AS
was an attempt to increase the comparability of financial statements of agriculture
related entities.The paper aims to compare the implementation of the Indian
Accounting Standard (mainly Ind AS 41) with Generally Accepted Accounting
Principal(GAAP) witha case studyof primary sector companies (i.e., tata coffee ltd
Pune).
This study aims to analyze the financial statements that have been made public
between 2014 and 2019 (a period of 6 years). In this research, the financial
statements of Tata Coffee Limitedi are compared between the years 2014–2016(Used
GAAP) and 20167–2019(Used IndAS). This study leads us to the conclusion that the
firm provides more trustworthy values for decision-making and an enhanced profit
and loss statement after following the Indian Accounting Standards. Additionally, Ind
AS provides appropriate techniques for their value and aids in the precise
identification of bearer plants and biological assets. According to the study, the
Indian accounting standard suggests using fair value for the valuation of biological
assets (as per IND AS41); before, under GAAP, these assets were evaluated using
historical value.
Seminar: A Journal of Germanic Studies, 2011
Quest, 2016
Management science is generally understood as depicted by western authors and management thinkers... more Management science is generally understood as depicted by western authors and management thinkers. Indian philosophy about management science has a sustainable effect. Considering the trend of management studies at all levels the management science is taking a turn towards the humanitarian approach and spiritual values are considered. Indian or Vedanta approach towards management is sustainable and a path to ‘Win-Win’ situation. This paper talks about the spiritual concepts, which are to be implemented in management such as Karm Yoga, Karma Capitalism, Servant Leadership, Stress Management etc.
Brihan A Research Journal, 2023
Bridging the gap between academic curriculum and industry requirements is one of the
objectives ... more Bridging the gap between academic curriculum and industry requirements is one of the
objectives of higher education system thereby elevating the employability of the graduates.
The autonomous colleges and institutes are supposed to perform this role by adapting
academic curriculum as per industry practices. The present paper attempts to explore
the practices of autonomous colleges/institutes for revising the curriculum. The author
has studied responses of 50 faculty members of autonomous colleges to understand the
way how they fulfill the objectives of autonomy in the context of syllabus reframing.
The findings indicate that the role of industry representatives should be expanded in the
process of realigning the curriculum to meet industry challenges. There is a need to adapt
the curriculum and teaching pedagogies in accordance with developing the skills among
graduates as required by the employers
Ajanta, 2017
‘Kautalya’ almost around 2300 years back wrote a book “Arthashtra” in which he had mentioned abou... more ‘Kautalya’ almost around 2300 years back wrote a book “Arthashtra” in which he had mentioned about various rates of taxation. The average rate of the taxation at that time was always said to be one sixth i.e. 1/6 the tax system suggested by kautalya was in the combination of direct and indirect types and while comparing with the rates of proposed GST, it can be noticed that average rate derives to 18%, however the average rate of GST worldwide is around 14-15%. So, was kautalya right about the rates of the taxes? What are the similarities and dissimilarities between Kautalya’s indirect taxes and GST? and what will be the overall impact of the GST? To find the answers of these questions is the main purpose of the researcher.
Harshwardhan Publication Pvt.Ltd., 2023
Industrial Revolution 4.0, Agricultural Revolution, Recent Sectorial Combinations are indicator o... more Industrial Revolution 4.0, Agricultural Revolution, Recent Sectorial Combinations are indicator of overall transformation of human life and business strategies in near future. The changing business models also has created changing requirements of HR. Education also need to undergo a paradigm shift to cater the changing expectation, to equip the next generation for challenges. The Teaching Learning Process in higher
education needs to be more experiential and with case based approach. For Natural sciences it is quite possible to provide hands-on experience to learners but for social sciences it is not so easy. Industry requirement talks about three tear development of future generation i.e. Attitude, Skill, and Knowledge, (ASK Approach). Development of all three aspects should be the concern of higher education in future. Bridging the gap between academic curriculum and industry requirements is one of the objectives of higher education system thereby elevating the employability of the graduates.
The autonomous colleges and institutes are supposed to perform this role by adapting academic curriculum as per industry practices. The present paper attempts to explore the practices of autonomous colleges/institutes for revising the curriculum.
Autonomy to Higher educational institution will foster the customization. Autonomous educational institutions will be able to understand the need of an hour and can update its syllabi accordingly. Student centric approach is nothing but enabling students for better future and adapting all such methods and techniques which are essential for their overall development as per ASK approach.
The paper tries to analyze the impact of autonomy in higher education on teaching learning process through responses of 50 faculty members of autonomous colleges to understand the way how they fulfill the objectives of autonomy in the context of syllabus reframing. The findings indicate that the role of industry representatives should be expanded in the process of realigning the curriculum to meet industry challenges. There is a need to adapt the curriculum and teaching pedagogies in accordance with developing the skills among graduates as required by the employers
Key Words: Autonomy, Innovative Teaching Learning Methods, Higher Education, ASK Approach Academic curriculum, Industry requirements, realigning the curriculum, Industry challenges
International Research Journal of Multidisciplinary Studies, 2017
India is going through the phase of revolutionary changes in economic as well as administration s... more India is going through the phase of revolutionary changes in economic as well as administration system. Introduction of Adhaar Card was a start of all such revolutionary practices. Adhar was initially a part jokes on the government, but it has proven to be one of the important part of the all correspondence, application and identity of an individual; citizen of India. Government has introduced many innovative practices like Adhaar, most of the government departments are controlled with MIS and by National Information Council (NIC). The administrative practices are dominated by Enterprise Resource Planning (ERP) software. The Public Revenue Revolution was actually planned in 20 th century but due to some legal and constitutional constraints, it could not work. The Tax Revolution was planned with Direct Tax Code (DTC) first and was followed by Goods and Service Tax (GST). Practically GST is just implemented and the next step should be implementation of Direct Tax Code (DTC). Direct Ta...
Zenodo (CERN European Organization for Nuclear Research), Jun 9, 2023
Sustainable Development is the buzz word in the business world. It is
high time for any corporat... more Sustainable Development is the buzz word in the business world. It is
high time for any corporate to not just focus on higher profits but to also think
about the needs of the future generations. There is an urgent need to rejuvenate the
natural resources for sustenance of the economy. Increasing consumption of
natural resources, social disparities and uneven development do not support
sustainability of the earth and mankind. Therefore, Sustainable Development
Goals (SDGs) were developed by UN in 2015 wherein 17 goals and 169
associated targets were issued. The entire world is initiating to implement these
SDGs. Here, corporates can play a pivotal role in achieving the SDGs and
Management Accountants can assist them in successfully contributing towards
achieving these SDGs by creating proper checks and balances in all its scope. The
CIMA has issued a Guide on the role of Management Accountants in
implementing the SDGs. This paper is an attempt to study the actual sustainable
development practices of Management Accountants of some Indian Industries.
Keyword: SDGs, Indian Industries, Management Accountants, SDGs and
Management Accountants, Internal Implementation of SDGs
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Papers by Ashish M Puranik
ESG audit is a buzz word now. Economic and social sustainability of corporates depends on the processes they follow. SDGs were announced in 2015 and the evolution of the business world towards sustainability took place in corporate agendas. Sustainability is nothing but long-term financial security of any company. Several studies have been done till date to understand the relationship between ESG performance and financial performance of the companies. Mixed results have been found. With rapidly improving mechanism for ESG reporting, rating and auditing, the need to study its role in risk in stock returns has arose. Change in stock prices in relation to change in index (Beta) is a major factor in a stock investment decision. With the changing times, the need of the hour for the investors is to focus on ESG compliance as well as on long term sustainable investments. Automobile sector is a large industry worldwide and India has many automobile companies. Automobile sector is a major contributor in industrial development in many cities in India. Automobile companies have many such activities which can affect the environmental, social as well as financial sustainability issues. Hence, automobile sector is taken for the study. This paper attempts to compare the relationship between market Beta risk factor and ESG rating given to the companies. This study is done using content analysis, correlation and regression analysis to establish relationship between ESG Rating and Beta value, Environment score and Beta value, Social score and Beta value, and Governance score and Beta value. Ten Automobile OEM companies have been studied for the purpose of this research. This study will be helpful for businesses to raise and attract finance.
Key words:
Sustainability Reporting, ESG, ESG Rating, BRSR, Beta value
impact in the market if consumers understand the GI tag and identify GI tagged products.
Researchers thought upon the analysis of consumers perceptions on GI. The present study
focuses on studying consumer perception about GI-tagged products. Primary Data from 197
respondents is collected. The study reveals purchase intention, purchase frequency, purchase
determinants, and purchase occasion of GI-tagged products and some qualitative responses
about enhancing the economic impact of GI-tagged products. One-way ANOVA and F test to
test the hypotheses. It is suggested that the government should launch an advertisement
campaign to promote GI-tagged products since consumers prefer to purchase such products as
tourist. Further recommended that direct marketing would be the most effective strategy for
making available authentic GI-tagged products. Recently there has been use of blockchain
technology chips in Kolhapuri chappals (GI-tagged leather footwear in Maharashtra) and
special packaging material for Devgad Alphonso Mangoes to prevent the sale of counterfeit
products. This study recommends tools to enhance the economic impact of GI products.
Service sector in most of the developed and developing countries.
The growth of service sector is essential to tackle the changing
need of the industry and increasing population. Technology has
lifted the service sector and growth rate of service sector is faster.
The scope of service sector is wide and expanding day by day.
Changing expectations of customers have changed the industries,
and service sector has major contribution and role in the same.
The coin has other side, if you observe European developed
countries like Greece, Switzerland etc. their economic problems
have originated due to excessive economic dependency on service sector.
India was an agrarian country and Maharashtra has great contribution to national development since
inception, still 58% of India and 53% population of Maharashtra depends on agriculture for their
livelihood whereas their contribution to the GDP is around 17% at national level and 11% at Maharashtra
State level. This indicates the changing trend. GDP contribution of Service sector is more but dependency of
population is more than half on agriculture. This will keep creating income disparity. Increased income
disparity will lead further economic problems as well. Service sector industries like banking, transport,
logistics, insurance, hotel and hospitality, aviation, entertainment, training, ITES, IT and computers, BPOs,
delivery services, medical services, educational services etc are essential but they can’t replace the food
requirements and production as well. Growth of service sector is essential but need and requirement
should be assessed before. The need of an hour is to test the future perspective of growth of service sector.
The paper tries to address the issue of service sector, and impact of its expansion in future with specific
reference to Maharashtra.
principal came into focus after IFRS were introduced. A formal accounting process
has been implemented in the agriculture and allied sectors. Implementation Ind AS
was an attempt to increase the comparability of financial statements of agriculture
related entities.The paper aims to compare the implementation of the Indian
Accounting Standard (mainly Ind AS 41) with Generally Accepted Accounting
Principal(GAAP) witha case studyof primary sector companies (i.e., tata coffee ltd
Pune).
This study aims to analyze the financial statements that have been made public
between 2014 and 2019 (a period of 6 years). In this research, the financial
statements of Tata Coffee Limitedi are compared between the years 2014–2016(Used
GAAP) and 20167–2019(Used IndAS). This study leads us to the conclusion that the
firm provides more trustworthy values for decision-making and an enhanced profit
and loss statement after following the Indian Accounting Standards. Additionally, Ind
AS provides appropriate techniques for their value and aids in the precise
identification of bearer plants and biological assets. According to the study, the
Indian accounting standard suggests using fair value for the valuation of biological
assets (as per IND AS41); before, under GAAP, these assets were evaluated using
historical value.
objectives of higher education system thereby elevating the employability of the graduates.
The autonomous colleges and institutes are supposed to perform this role by adapting
academic curriculum as per industry practices. The present paper attempts to explore
the practices of autonomous colleges/institutes for revising the curriculum. The author
has studied responses of 50 faculty members of autonomous colleges to understand the
way how they fulfill the objectives of autonomy in the context of syllabus reframing.
The findings indicate that the role of industry representatives should be expanded in the
process of realigning the curriculum to meet industry challenges. There is a need to adapt
the curriculum and teaching pedagogies in accordance with developing the skills among
graduates as required by the employers
education needs to be more experiential and with case based approach. For Natural sciences it is quite possible to provide hands-on experience to learners but for social sciences it is not so easy. Industry requirement talks about three tear development of future generation i.e. Attitude, Skill, and Knowledge, (ASK Approach). Development of all three aspects should be the concern of higher education in future. Bridging the gap between academic curriculum and industry requirements is one of the objectives of higher education system thereby elevating the employability of the graduates.
The autonomous colleges and institutes are supposed to perform this role by adapting academic curriculum as per industry practices. The present paper attempts to explore the practices of autonomous colleges/institutes for revising the curriculum.
Autonomy to Higher educational institution will foster the customization. Autonomous educational institutions will be able to understand the need of an hour and can update its syllabi accordingly. Student centric approach is nothing but enabling students for better future and adapting all such methods and techniques which are essential for their overall development as per ASK approach.
The paper tries to analyze the impact of autonomy in higher education on teaching learning process through responses of 50 faculty members of autonomous colleges to understand the way how they fulfill the objectives of autonomy in the context of syllabus reframing. The findings indicate that the role of industry representatives should be expanded in the process of realigning the curriculum to meet industry challenges. There is a need to adapt the curriculum and teaching pedagogies in accordance with developing the skills among graduates as required by the employers
Key Words: Autonomy, Innovative Teaching Learning Methods, Higher Education, ASK Approach Academic curriculum, Industry requirements, realigning the curriculum, Industry challenges
high time for any corporate to not just focus on higher profits but to also think
about the needs of the future generations. There is an urgent need to rejuvenate the
natural resources for sustenance of the economy. Increasing consumption of
natural resources, social disparities and uneven development do not support
sustainability of the earth and mankind. Therefore, Sustainable Development
Goals (SDGs) were developed by UN in 2015 wherein 17 goals and 169
associated targets were issued. The entire world is initiating to implement these
SDGs. Here, corporates can play a pivotal role in achieving the SDGs and
Management Accountants can assist them in successfully contributing towards
achieving these SDGs by creating proper checks and balances in all its scope. The
CIMA has issued a Guide on the role of Management Accountants in
implementing the SDGs. This paper is an attempt to study the actual sustainable
development practices of Management Accountants of some Indian Industries.
Keyword: SDGs, Indian Industries, Management Accountants, SDGs and
Management Accountants, Internal Implementation of SDGs