Journal of Applied Business, Economics and Strategic Management ISSN: 3139-1664 (Online)

Author: Dr. Joydeep Goswami

Abstract: Insurance is a federal subject in India. The primary legislation that deals with insurance business in India is Insurance Act, 1938, and Insurance Regulatory & Development Authority Act, 1999. Insurance is an assurance of receiving financial support, even in the absence of the insuree. The form of insurance business has been changing across the globe and this wave is no different in India. Insurance constitutes an important and increasing proportion of the gross financial savings of the households. It has been estimated that the potential of Indian insurance industry is huge considering the fact that insurance has not yet reached to large untapped population of the country. Only 20 per cent of the insurable population is covered under various life insurance schemes/segments. The insurance sector is experiencing a growth rate of 15 to 20 per cent. The insurance and banking services contribution to the country's gross domestic product (GDP) is 7 per cent out of which the gross premium collection forms a significant part. This study is an attempt to bring out an understanding of the Life Insurance Industry in India, as it is imperative to understand its evolution to the present stage. This study also tried to analyze the performance of Indian Life Insurance industry under the private insurance companies in recent times.

Keywords: Insurance, Performance Assessment

Authors:-Deepak.S, Dr.R.Vinayagasundaram

Abstract:-Overall Equipment Effectiveness is one of the performance evaluation methods that are most common and popular in the production industries. Overall Equipment Effectiveness (OEE), Overall Line efficiency (OLE) and Overall labour effectiveness plays a vital role where performance and quality of the product are of importance to the organization. It intended for minimizing the breakdowns, increasing performance and quality rate and thus improving the effectiveness of the machine/system and labour. The availability rate of the machine, performance rate of the machine and quality rate of the products are considered as main parameters for maximizing the OEE of a manufacturing system. It is found that poor performance rate contributes more than availability rate and quality rate. The objective of this work is to enhance the overall equipment effectiveness (OEE) and overall labor effectiveness (OLE) in a manufacturing company by introducing the process change.

Keywords: OEE, OLE, Improvement, Process Optimization & Production Improvement.

Authors:-Vanguru. Naga Satyanarayana , Dr. M. Rajasekhara Babu

Abstract:-Public Distribution System (PDS) is often termed as means for ensuring food security for the poor and needy. To minimize the poverty level among general public, Government of India promoted Public distribution system for extending basic necessary goods at subsidized rates. But their primary motto has not been fulfilled due to numerous problems prevailing in PDS. The problems of Public Distribution System have not been uniform in the country. In some states the administration is weak and corrupt. The deficiencies regarding huge shortage of stocks, fake supply entries in ration cards, diversion of commodities for sale to open market and bogus ration cards and weighing differences the real benefit is not reaching to the beneficiaries. Globally there is enough food for all and that inequitable access and mismanagement is the main problem for food insecurity. The government should launch technical and policy reforms to make Public Distribution System are more effective.

 

Information Technology permits governments to bring transparency and pace in all applications without extra expenses. In addition, computerization can help in modernizing the Public Distribution System. A number of states are already innovating in PDS execution, and improved performance can be seen in some cases. Although the introduction of modern tools such as smart cards may not be a panacea for all the evils, it can solve many of the problems particularly that of pilferage and spurious beneficiaries.

Biometric based public distribution system is novel approach in public distribution system (PDS) which replaces manual work. With the involvement of biometric, the system becomes specific, accurate and in whole it increases the security of the system. Distributing the essential commodities using electronic device with biometric authentication of any member of beneficiary in order to restraint the diversion at the FPS level, UIDAI will provide an online service to support this process.

The present paper examines a brief review of recent reforms in Targeted Public Distribution System (TPDS) in Andhra Pradesh. The objective of the paper is to enhance the visibility, accessibility and efficiency of the system which will streamline the process of Public Distribution System. Therefore the purpose of this study reveals technology driven Public Distribution System will bring in transparency.

Keywords: - Public Distribution System (PDS), UID number, e-POS machines, Targeted Public Distribution System (TPDS)

Author: A N M Shibly Noman Khan

Abstract: Bangladesh enters the 21st facing a vastly different external economic environment than the one it inhabited for the last 46 years and devised economic policies for. Like other developing countries, Bangladesh had inherited the framework of the liberalized global world economy and is in the midst of opening its economy to the inflow of trade and investment from beyond its borders. This paper empirically investigates the growth in trade and investment between Bangladesh and China, India and the United States to understand future economic cooperation and development.

Keywords: Trade, China, India, United States, Bangladesh, FDI, Competitiveness

Author: Mohammad Rafiqul Islam

Abstract:As a developing country, Bangladesh needs to import lots of foreign goods and materials to keep pace of economic development as well as to meet its necessary demand. It found that the overall import of Bangladesh has been grown at the annual rate of 14.8% over the last 22 year from the fiscal year 1994 to 2016. It is also observed that the year to year growth rate that is one year growth rate of import is not stable The highest rate of growth was in fiscal year 2011 compare to year 2010 which was 46.14% and the second highest growth was in the fiscal year 1995 which was 39.9%; whereas in the fiscal years 2002 and 2013 the growth rates were negative which were -2.62% and -3.07% respectively. It is observed that the growth rates of import items, which are below the overall growth rate of import, have experienced negative growths to share to the total import. It is also observed that in most cases when the growth rate (year to year) of import increase the growth rates of GDP also increase or vice versa. So it can be said that import play a very important role to pick up the GDP and as a whole the overall economy of the country which is very significant for the economic prosperous of a county.

Keywords: Import, GDP, Export, Economy, Growth

Author: Abhani Dhara K

Abstract: The journey of the Goods and service tax has been far long. It is the indirect type of tax. It has been divided in five slabs. I.e. 0%, 5%, 12%, 18% and 28%.  The tax has been come in to the effect as on 1st July, 2017. The GST has replaced many of the state and central level taxes. The tag line for the GST is, “One nation, on taxâ€. It has replaced many complicated taxes and simplified the tax structure. A paper is mainly focuses over the key idea of GST and finally tries to represent those data which shows that, GST surely prove a master stroke for Indian economy. It may take some time but surely will have a huge impact on the economy.

Keywords: Goods and Service Tax, CGST, SGST, IGST, economy etc

Authors: Dr. S. Kasi, Dr. K. Praveena

Abstract: Quality of work life (QWL) is the quality of the content of relationship between employees and their working environment with human dimensions added to the usual technical and economical factors. Government sector in India has several distinguishing features its high degree of integration and social status, In Tamilnadu secretariat employees are highly educated “knowledge workersâ€. The major problems for working women arise out of the dual responsibilities of the working woman - domestic work as well as office work. The main objectives of the study are: To analyze the level of employee support provided and work load and stress of the women employees working to the women employees in Secretariat, To measure the level of job satisfaction provided to the women employees in Secretariat, To study the attitude of the women employees towards their job and their work place so as to improve the Quality of work life. Factor analysis is a very useful method of reducing data complexity by reducing the number of variables being studied. In the present study, the factor analysis has been administered to narrate the variables in the important factors related to training and development programmes. It is inferred that, they generally feel medical and health care facilities are taken care by the organization 94.87% of Yes and 5.13% of No. Organization provides necessary food outlets within the campus 94.87% of the respondents are said Yes and 5.13% of the respondents are said No. The significantly and positively influencing components of work life balance on the overall opinion of the respondents are Attitude towards job, Attitude towards secretariat, Leadership qualities of superiors, workload and stress and level of job satisfaction.

Keywords: Quality of work life (QWL), Tamilnadu Secretariat, Women employees

Author: Sri Ch. Venkateswarlu

Abstract: Corporate Social obligation has won importance for the reason that closing decade. An increasing number of businesses are reporting on their CSR sports. To inspire greater entities to take part in the manner of improvement of the society thru CSR, the government of India has implemented the concept of CSR inside the new agencies Act 2013 u/s135. Tata metallic and SAIL are most of the pinnacle companies reporting on CSR. The existing observe targets to examine the comparison between the CSR practices of the two at the diverse dimensions, specifically, education, health, artwork and tradition, surroundings, road creation, water facilities and creating sustainable livelihoods.

Keywords: Corporate Social obligation, Sustainability, Surroundings