Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6874
Ashish Jha
This study focused on the event of Union budget on Indian stock market, the analysis has been made between a periods of 2012- 13 to 2015-16. Union Budget is considered to one of the major economic event which takes place every year. The direction of Indian economy is drafted by government of India through Union Budget. Volatility index (Vix) of the index was observed high throughout the month of February every year. Sharp differential Measures indicate that the performance of market goes to one direction after budget announcement and its analysis by the investors. Regression weight estimation initiated that Indian growth is influenced by the fiscal deficit. This analysis is useful for the equity investors namely Retail investors, Domestic Institutional investors (DII), Foreign Institutional Investors (FII) etc.
{"title":"A Study of Union Budget Impact on Indian Stock Market","authors":"Ashish Jha","doi":"10.18701/IMSMANTHAN.V11I01.6874","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6874","url":null,"abstract":"This study focused on the event of Union budget on Indian stock\u0000market, the analysis has been made between a periods of 2012-\u000013 to 2015-16. Union Budget is considered to one of the major\u0000economic event which takes place every year. The direction of\u0000Indian economy is drafted by government of India through Union\u0000Budget. Volatility index (Vix) of the index was observed high\u0000throughout the month of February every year. Sharp differential\u0000Measures indicate that the performance of market goes to one\u0000direction after budget announcement and its analysis by the\u0000investors. Regression weight estimation initiated that Indian\u0000growth is influenced by the fiscal deficit. This analysis is useful\u0000for the equity investors namely Retail investors, Domestic\u0000Institutional investors (DII), Foreign Institutional Investors (FII) etc.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114531042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6887
G. Sahu, A. Parveen
Cinema is one of the most popular forms of mass consumption that continuously conditioning the cultural values in Indian society. It plays a crucial role in informing, entertaining and educating its audiences. It has always seen as an important medium through which the harsh realities of life expressed through its fictional characters. Films with female protagonists are not new to Indian cinema; however, contemporary film makers are now even more comfortable in making bold films. Such female-led brings out the problems and success stories of women upfront, by allowing women to talk about it in public. By showing women as emotionally and economically independent, female centric films encourage societal change in the treatment of women in the patriarchal Indian society.Numerous studies have been conducted on the Indian Cinema Industry, and on the stereotypical portrayal of women in commercial Indian cinema. Although there have been some women - centered movies that have tried to address women’s issues, there has been very little, if any, research done on the portrayal of women in these films. In these movies, women are shown to break out of the conventional roles, and proved themselves as a maker of meaning. It is in this context the present paper makes an attempt to analyze women centric movies by focusing on the changing trends in the portrayal of female characters in film narratives.
{"title":"Portrayal of Female Protagonists in Hindi Films: A Study on Changing Trends","authors":"G. Sahu, A. Parveen","doi":"10.18701/IMSMANTHAN.V11I01.6887","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6887","url":null,"abstract":"Cinema is one of the most popular forms of mass consumption\u0000that continuously conditioning the cultural values in Indian society.\u0000It plays a crucial role in informing, entertaining and educating\u0000its audiences. It has always seen as an important medium through\u0000which the harsh realities of life expressed through its fictional\u0000characters. Films with female protagonists are not new to Indian\u0000cinema; however, contemporary film makers are now even more\u0000comfortable in making bold films. Such female-led brings out\u0000the problems and success stories of women upfront, by allowing\u0000women to talk about it in public. By showing women as emotionally\u0000and economically independent, female centric films encourage\u0000societal change in the treatment of women in the patriarchal\u0000Indian society.Numerous studies have been conducted on the\u0000Indian Cinema Industry, and on the stereotypical portrayal of\u0000women in commercial Indian cinema. Although there have been\u0000some women - centered movies that have tried to address women’s\u0000issues, there has been very little, if any, research done on the\u0000portrayal of women in these films. In these movies, women are\u0000shown to break out of the conventional roles, and proved\u0000themselves as a maker of meaning. It is in this context the present\u0000paper makes an attempt to analyze women centric movies by\u0000focusing on the changing trends in the portrayal of female\u0000characters in film narratives.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123227571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/imsmanthan.v11i01.6884
Abhishika Sharma
The face of journalism has changed from the industry that relied on technology and information of happenings that took place overnight and is produced the next morning. Today media is all about gathering, filtering and visualizing information beyond what eyes can see. Gone are the days when ‘Nose for news’ was considered as one of the essential qualities for a journalist to report a news story. Interpretative and investigative reporting was considered as the job of senior and experienced reporters. Competition, advent of computer aided systems, interactivity and participation of audiences have changed the tradition form of news from 5 W’s and 1H to more data driven journalism. Giving a different shape to the journalistic writings which more based on data available from sources, journalist today are depending on data available from various sources like government bodies, corporate houses, reports from well know houses to develop and design stories. These stories are getting popular and accepted by the masses as they are not the normal ‘he said or she said’ stories rather they are more factual, impactful and transparent stories developed from more trusted sources. The objective of the paper is to study what data journalism is and its application in today’s mass media to develop news stories. The paper will also examine the challenges faced by mainstream journalist coming out with data driven writings and its popularity amongst the readers.
{"title":"A Descriptive Study on Data Journalism and its Application in Indian Media Industry","authors":"Abhishika Sharma","doi":"10.18701/imsmanthan.v11i01.6884","DOIUrl":"https://doi.org/10.18701/imsmanthan.v11i01.6884","url":null,"abstract":"The face of journalism has changed from the industry that relied\u0000on technology and information of happenings that took place\u0000overnight and is produced the next morning. Today media is all\u0000about gathering, filtering and visualizing information beyond\u0000what eyes can see. Gone are the days when ‘Nose for news’ was\u0000considered as one of the essential qualities for a journalist to\u0000report a news story. Interpretative and investigative reporting\u0000was considered as the job of senior and experienced reporters.\u0000Competition, advent of computer aided systems, interactivity\u0000and participation of audiences have changed the tradition form\u0000of news from 5 W’s and 1H to more data driven journalism.\u0000Giving a different shape to the journalistic writings which more\u0000based on data available from sources, journalist today are\u0000depending on data available from various sources like\u0000government bodies, corporate houses, reports from well know\u0000houses to develop and design stories. These stories are getting\u0000popular and accepted by the masses as they are not the normal\u0000‘he said or she said’ stories rather they are more factual,\u0000impactful and transparent stories developed from more trusted\u0000sources. The objective of the paper is to study what data\u0000journalism is and its application in today’s mass media to develop\u0000news stories. The paper will also examine the challenges faced\u0000by mainstream journalist coming out with data driven writings\u0000and its popularity amongst the readers.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125666106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/imsmanthan.v11i01.6885
S. N. Malliswari
India is Agriculture based country. Farmer is the backbone of the Nation and 80%of the people are depending on agriculture. Govt. of India and Andhra Pradesh are giving priority to the cultivation. In these days The New Information and Communication Technologies are changing the pattern of work, play, interact, experience and involve the people in various spheres of endeavor. Information and communication technologies are important tools of The Government of Andhra Pradesh to become SMART (simple, moral, accountable, responsive and transparent). Andhra Pradesh is the first state in India to design a state. Video conferencing is a two-way audio video meeting in real time between and amongst people present at geographically dispersed locations.
{"title":"A Study on the Use of Video Conferencing for Agricultural Administration in the Government of Andhra Pradesh","authors":"S. N. Malliswari","doi":"10.18701/imsmanthan.v11i01.6885","DOIUrl":"https://doi.org/10.18701/imsmanthan.v11i01.6885","url":null,"abstract":"India is Agriculture based country. Farmer is the backbone of\u0000the Nation and 80%of the people are depending on agriculture.\u0000Govt. of India and Andhra Pradesh are giving priority to the\u0000cultivation. In these days The New Information and\u0000Communication Technologies are changing the pattern of work,\u0000play, interact, experience and involve the people in various\u0000spheres of endeavor. Information and communication\u0000technologies are important tools of The Government of Andhra\u0000Pradesh to become SMART (simple, moral, accountable,\u0000responsive and transparent). Andhra Pradesh is the first state\u0000in India to design a state. Video conferencing is a two-way audio\u0000video meeting in real time between and amongst people present\u0000at geographically dispersed locations.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128584103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/imsmanthan.v11i01.6877
Neetu Singh
Phone Gap is a mobile development framework produced by Nitobi, purchased by Adobe Systems. It enables software programmers to build applications for mobile devices using JavaScript, HTML5 and CSS3, instead of device-specific languages such as Objective-C or Java. The resulting applications are hybrid, meaning that they are neither truly native nor purely web-based. The software underlying PhoneGap is Apache Cordova. The software was previously called just “PhoneGap”, then “Apache Callback”. Apache Cordova is open source software.
{"title":"Building Across –Platform Mobile Apps Using Phone Gap","authors":"Neetu Singh","doi":"10.18701/imsmanthan.v11i01.6877","DOIUrl":"https://doi.org/10.18701/imsmanthan.v11i01.6877","url":null,"abstract":"Phone Gap is a mobile development framework produced by\u0000Nitobi, purchased by Adobe Systems. It enables software\u0000programmers to build applications for mobile devices using\u0000JavaScript, HTML5 and CSS3, instead of device-specific\u0000languages such as Objective-C or Java. The resulting\u0000applications are hybrid, meaning that they are neither truly native\u0000nor purely web-based.\u0000The software underlying PhoneGap is Apache Cordova. The\u0000software was previously called just “PhoneGap”, then “Apache\u0000Callback”. Apache Cordova is open source software.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130540683","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V10I2.11120
Nancy Mendiratta, R. Kumar
Programming testing gives a way to diminish blunders, cutupkeep and general programming costs. Testing has turned out to be most imperative parameter on account of programming advancement lifecycle (SDLC). Testing computerization devices empowers designers and analyzers to effectively robotize the whole procedure of testing in programming advancement. It is to look at and adjust source code. Viable Testing creates amazing programming. The goal of the paper is to direct a near investigation of mechanized instruments, for example, accessible in business sector in Selenium free source, HP Quick test proficient(QTP) and Test Complete (TC). The point of this examination paper is to assess and contrast three computerized programming testing devices with decide their ease of use and adequacy. There is wide assortment of programming testing devices accessible in business sector. Programming testing instruments has real elements likes:web testing, window application and so on.
{"title":"Relative Study of Automated Testing Tools: Selenium, Quick Test Professional and Test complete","authors":"Nancy Mendiratta, R. Kumar","doi":"10.18701/IMSMANTHAN.V10I2.11120","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V10I2.11120","url":null,"abstract":"Programming testing gives a way to diminish blunders, cutupkeep and general programming costs. Testing has turned out to be most imperative parameter on account of programming advancement lifecycle (SDLC). Testing computerization devices empowers designers and analyzers to effectively robotize the whole procedure of testing in programming advancement. It is to look at and adjust source code. Viable Testing creates amazing programming. The goal of the paper is to direct a near investigation of mechanized instruments, for example, accessible in business sector in Selenium free source, HP Quick test proficient(QTP) and Test Complete (TC). The point of this examination paper is to assess and contrast three computerized programming testing devices with decide their ease of use and adequacy. There is wide assortment of programming testing devices accessible in business sector. Programming testing instruments has real elements likes:web testing, window application and so on.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"819 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133322973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6886
S. Patnaik
The paper seeks to understand how media in the globalising world has contributed to the creation, advocacy as well as reactions to Islamophobic sentiments, resulting cultural boundaries and stereotypes across the world. Functionally, Islamophobia is a shorthand term referring to the “dread or hatred of Islam” and therefore a “fear and dislike of Muslims”. The paper systematically reveals how “Islamophobia” which is itself an irrational attitude, is socially constructed with the aid of the media. While on one hand the media erects the supporting walls of Islamophobia, on the other, it also provides a platform for its criticism and reactions. The paper also sheds light on how media representations of terror attacks serves in “educating” populations of different countries and in creating a “global” sentiment. Yet, such a global sentiment, as the paper shall reveal, does not integrate the cultures; rather it widens the gap. However, if media persons instead choose to take up the issue as a moral responsibility, they can even bridge this gap and help in applying a curative balm on the global sentiment.
{"title":"Islamophobia and the Ethics of Media: A Cross-Cultural Study","authors":"S. Patnaik","doi":"10.18701/IMSMANTHAN.V11I01.6886","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6886","url":null,"abstract":"The paper seeks to understand how media in the globalising\u0000world has contributed to the creation, advocacy as well as\u0000reactions to Islamophobic sentiments, resulting cultural\u0000boundaries and stereotypes across the world. Functionally,\u0000Islamophobia is a shorthand term referring to the “dread or\u0000hatred of Islam” and therefore a “fear and dislike of Muslims”.\u0000The paper systematically reveals how “Islamophobia” which is\u0000itself an irrational attitude, is socially constructed with the aid of\u0000the media. While on one hand the media erects the supporting\u0000walls of Islamophobia, on the other, it also provides a platform\u0000for its criticism and reactions. The paper also sheds light on\u0000how media representations of terror attacks serves in\u0000“educating” populations of different countries and in creating a\u0000“global” sentiment. Yet, such a global sentiment, as the paper\u0000shall reveal, does not integrate the cultures; rather it widens the\u0000gap. However, if media persons instead choose to take up the\u0000issue as a moral responsibility, they can even bridge this gap\u0000and help in applying a curative balm on the global sentiment.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130729270","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6875
Anshu Goel
especially the pricey consumer durables in a highly competitive globalized Indian market. Conventional wisdom postulates that price and income constraints are the major determinants of consumers’/buyers’ choices and resultant purchase decisions. Income constraint is overcome by access to finance, but prices have no such options except the choice of inferior quality lower priced goods/models. In fact, there is a wide range of options to choose from and many white Goods have relatively cheaper local brands available in the market. There exists highly marked market segmentation based on product prices and paying capacity of the buyers. Price constraint may constitute the bottleneck for only buyers in one segment of the market. A substantial proportion of low/moderate income group of buyers also tend to use finance to overcome their income constraint in order to buy high priced white consumer goods. The high income upward mobile and trendsetting consumers choose pricey options; they often go for newly produced goods on low scales which enter the market for the first time and which command extremely high prices. Greater the price of such goods, lower is demand for the same and higher is their conspicuousness, distinctiveness and snob value even among the higher income peer groups (See, Baghati, Arvind, 2012, Shri Prakash, 2010, and Shri Prakash, Shalini Sharma and Arvind Baghati, 2010). Generally, such products as enter the market for the first time embody entirely new designs and models while new designs and new models of existing products command extremely high prices due to production on a lower scale, high cost of innovation embodied in the evolving of new product or designs and attractive features, and high cost of market exploration and marketing (Cf. Cramer, 1972). High price, in its turn, limits the market size. This also adds to demonstration effect and snob value for the owners. First group of buyers of such new market entrant goods become the lead buyers for subsequent purchasers of these goods; they in fact act as advertisers of such goods without getting paid for it by the producers. They act as the leading consumers and trend setters in society and activate urges in others for the acquisition for these goods. This makes such buyers/owners of such goods feel not to be a part of the crowd and as ones who belong to exclusive class like the erstwhile Maharajas and Nobabs. Price is, however, also supposed to be a proxy of quality; higher the price, greater is the perceived quality, and the snob or demonstration value for the owners. All above facets reflect psychological urges and drivers of motivation, which directly or indirectly influences buyers’/consumers’ tastes and preferences. Tastes and preferences have, however, remained hidden behind the invisible curtain simply because these are neither observable directly nor measurable quantitatively. Therefore, tastes and preferences have generally been taken as given and fixed at the given poi
{"title":"Consumer’s Tastes Preferences and Priorities for Pricey Durablesas Revealed by Actual Purchases in National Capital Region of Delhi","authors":"Anshu Goel","doi":"10.18701/IMSMANTHAN.V11I01.6875","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6875","url":null,"abstract":"especially the pricey consumer durables in a highly competitive\u0000globalized Indian market. Conventional wisdom postulates that\u0000price and income constraints are the major determinants of\u0000consumers’/buyers’ choices and resultant purchase decisions.\u0000Income constraint is overcome by access to finance, but prices\u0000have no such options except the choice of inferior quality lower\u0000priced goods/models. In fact, there is a wide range of options to\u0000choose from and many white Goods have relatively cheaper\u0000local brands available in the market. There exists highly marked\u0000market segmentation based on product prices and paying\u0000capacity of the buyers. Price constraint may constitute the\u0000bottleneck for only buyers in one segment of the market. A\u0000substantial proportion of low/moderate income group of buyers\u0000also tend to use finance to overcome their income constraint in\u0000order to buy high priced white consumer goods. The high income\u0000upward mobile and trendsetting consumers choose pricey\u0000options; they often go for newly produced goods on low scales\u0000which enter the market for the first time and which command\u0000extremely high prices. Greater the price of such goods, lower is\u0000demand for the same and higher is their conspicuousness,\u0000distinctiveness and snob value even among the higher income\u0000peer groups (See, Baghati, Arvind, 2012, Shri Prakash, 2010,\u0000and Shri Prakash, Shalini Sharma and Arvind Baghati, 2010).\u0000Generally, such products as enter the market for the first time\u0000embody entirely new designs and models while new designs and\u0000new models of existing products command extremely high prices\u0000due to production on a lower scale, high cost of innovation\u0000embodied in the evolving of new product or designs and attractive\u0000features, and high cost of market exploration and marketing\u0000(Cf. Cramer, 1972). High price, in its turn, limits the market\u0000size. This also adds to demonstration effect and snob value for\u0000the owners. First group of buyers of such new market entrant\u0000goods become the lead buyers for subsequent purchasers of\u0000these goods; they in fact act as advertisers of such goods without\u0000getting paid for it by the producers. They act as the leading\u0000consumers and trend setters in society and activate urges in\u0000others for the acquisition for these goods. This makes such\u0000buyers/owners of such goods feel not to be a part of the crowd\u0000and as ones who belong to exclusive class like the erstwhile\u0000Maharajas and Nobabs.\u0000Price is, however, also supposed to be a proxy of quality; higher\u0000the price, greater is the perceived quality, and the snob or\u0000demonstration value for the owners. All above facets reflect\u0000psychological urges and drivers of motivation, which directly or\u0000indirectly influences buyers’/consumers’ tastes and preferences.\u0000Tastes and preferences have, however, remained hidden behind\u0000the invisible curtain simply because these are neither observable\u0000directly nor measurable quantitatively. Therefore, tastes and\u0000preferences have generally been taken as given and fixed at the\u0000given poi","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"7 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130583782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6873
Anjala Kalsie, Ashima Arora
There has been a recent increase in the financial distress in assets of the banking industry. Constant defaults by corporate houses have led banks reach gross NPA levels of 5%.One major reason for this rise can be improper risk assessment by banks while giving out loans and improper monitoring of their portfolio companies. And further Indian banks do not use the most robust risk assessment tools and fail in taking early warning action. The paper tries to use two popular models, namely the Altman Zscore model and the Merton Model to predict financial distress in companies which have been the top defaulters in the recent past.The paper tried to determine whether such models are effective in predicting financial distress and how much before the occurrence of the actual event. Financial ratios and other quantitative data from March 2009- March 2013 forms the sample for the study for Kingfisher Airlines, MoserBaer, Gammon India, Educomp Solutions and Deccan Chronicles. The study found Merton model to be a better indicator of financial distress (of companies) than Altman Z score model. However, none of the models were able to judge the possibility of default at the time of issuance of loan indicating at its limitation. Nevertheless, these models which essentially are data driven for assessing the credit risk must widely be used by banks more often, replacing the existing reliance on simple ratios and intuition method.
{"title":"Use of Altman’s Z score and Merton Model by Banks to Predict Bankruptcy in Indian Corporates","authors":"Anjala Kalsie, Ashima Arora","doi":"10.18701/IMSMANTHAN.V11I01.6873","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6873","url":null,"abstract":"There has been a recent increase in the financial distress in\u0000assets of the banking industry. Constant defaults by corporate houses have led banks reach gross NPA levels of 5%.One major\u0000reason for this rise can be improper risk assessment by banks while giving out loans and improper monitoring of their portfolio\u0000companies. And further Indian banks do not use the most robust risk assessment tools and fail in taking early warning action.\u0000The paper tries to use two popular models, namely the Altman Zscore model and the Merton Model to predict financial distress\u0000in companies which have been the top defaulters in the recent past.The paper tried to determine whether such models are\u0000effective in predicting financial distress and how much before the occurrence of the actual event. Financial ratios and other\u0000quantitative data from March 2009- March 2013 forms the sample for the study for Kingfisher Airlines, MoserBaer, Gammon\u0000India, Educomp Solutions and Deccan Chronicles. The study found Merton model to be a better indicator of financial distress\u0000(of companies) than Altman Z score model. However, none of the models were able to judge the possibility of default at the time\u0000of issuance of loan indicating at its limitation. Nevertheless, these models which essentially are data driven for assessing the\u0000credit risk must widely be used by banks more often, replacing the existing reliance on simple ratios and intuition method.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123848493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-06-28DOI: 10.18701/IMSMANTHAN.V11I01.6880
N. Chaudhary
This paper focuses on the problem of efficient and fast retrieval of images from a large database using sketch as query image. Basically searching is based on a descriptor that addresses the asymmetry between binary sketch from the user side and full color image of the database. The working of proposed algorithm is such that query image and full color database images undergo same feature extraction process. Database images will be clustered offline which reduces time complexity on runtime. Further indexing is done which will be used to describe, store and organize image information and to assist people in finding image resources conveniently and quickly. Firstly feature vector extraction is done using contours and then edges will be detected in different orientation using modulus maxima edge detection in contourlet domain. This approach is almost better than existing approaches in many aspects such as compactness of feature vector, simplicity of implementation, retrieval performance and efficient feature extraction less time complexity.
{"title":"A Combined Approach to SBIR using Edge Histogram Descriptor with Contourlet Transform","authors":"N. Chaudhary","doi":"10.18701/IMSMANTHAN.V11I01.6880","DOIUrl":"https://doi.org/10.18701/IMSMANTHAN.V11I01.6880","url":null,"abstract":"This paper focuses on the problem of efficient and fast retrieval of\u0000images from a large database using sketch as query image.\u0000Basically searching is based on a descriptor that addresses the\u0000asymmetry between binary sketch from the user side and full\u0000color image of the database. The working of proposed algorithm\u0000is such that query image and full color database images undergo\u0000same feature extraction process. Database images will be\u0000clustered offline which reduces time complexity on runtime.\u0000Further indexing is done which will be used to describe, store\u0000and organize image information and to assist people in finding\u0000image resources conveniently and quickly. Firstly feature vector\u0000extraction is done using contours and then edges will be detected\u0000in different orientation using modulus maxima edge detection in\u0000contourlet domain. This approach is almost better than existing\u0000approaches in many aspects such as compactness of feature\u0000vector, simplicity of implementation, retrieval performance and\u0000efficient feature extraction less time complexity.","PeriodicalId":135569,"journal":{"name":"The Journal of Innovations","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131582241","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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