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A COMPARATIVE STUDY ON ANALYSIS OF DIVIDEND DETERMINANTS OF SELECTED METAL AND CEMENT COMPANIES 金属与水泥企业股利决定因素分析之比较研究
Pub Date : 1900-01-01 DOI: 10.47968/gapin.42005
Shivani Sharma
Dividends are commonly defined as the distribution of earnings (past or present) in real assets among theshareholders of the firm in proportion to their ownership. (Frankfurter and Wood) Literature regarding dividendhas questioned the importance given by investors in receiving stable payments in the form of dividend vis a viscapital required by companies. This paper attempts to throw light on determinants of dividend policy and how cancertain factors be considered before making a dividend decision. Metal and cement and cement products sectorfrom Nifty 50 listed companies have been selected to know the determinants of dividend and their impact on stockprices for 10 years starting from 2009 to 2019. Regression analysis has been used to analyze the data. This studyfound that the earning per share is the significant determinant of dividend policy in metal industry while incement industry the retained earnings are the significant determinant of dividend policy.
股息通常被定义为公司股东之间按所有权比例分配的实际资产收益(过去或现在)。关于股息的文献对投资者以股息的形式获得稳定支付(相对于公司所要求的流动资本)的重要性提出了质疑。本文试图揭示股利政策的决定因素,以及在做出股利决策之前如何考虑某些因素。选取Nifty 50上市公司的金属、水泥及水泥制品板块,研究2009 - 2019年10年间股利决定因素及其对股价的影响。采用回归分析对数据进行分析。研究发现,金属行业的每股收益是股利政策的重要决定因素,而激励行业的留存收益是股利政策的重要决定因素。
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引用次数: 0
INTELLECTUAL CITIZEN 知识的公民
Pub Date : 1900-01-01 DOI: 10.47968/gapin.42007
Human beings are the only beings in this universe that question the very basic existence of something by asking the“Why” question. To qualify someone as intellectual he/she must be critical. Fundamental question is How powergoverns our desire, our experiences? What are the conditionalities that generates society to be moulded in acertain way? What is the role of the intellectuals? How our assigned meaning changes by the power? All questionsare answered in this paper with clear distinction between intellectual and intellectual slavery.
人类是宇宙中唯一通过问“为什么”这个问题来质疑事物存在的生物。要把一个人称为知识分子,他/她必须具有批判性。最根本的问题是权力是如何支配我们的欲望和经历的?是什么条件导致社会以某种方式被塑造?知识分子的作用是什么?我们所赋予的意义是如何随着权力而改变的?本文回答了所有问题,并明确区分了知识分子和知识奴隶。
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引用次数: 0
KARMA MANAGEMENT 业力管理
Pub Date : 1900-01-01 DOI: 10.47968/gapin.610011
G. Japee
Karma is Self-Generated: A man’s actions create his future karmas to be experienced, why wait seven more birthsto achieve spiritual maturity when you could achieve it in existing birth? That is the idea behind writing paper onkarma management. When we begin to apply principles of management in managing karma, our individualkarma is intensified. Quite often our actions are based upon an emotional reaction to what someone has done orsaid to us. The consequences of such actions are often not clearly and carefully thought about. For example,someone insults you, so you insult them back. If you did reflect, you would see that the consequence of harmingsomeone else with your words in the present is for you to be harmed again in the future by someone else’s words.This behaviour creates an endless cycle of being harmed and harming others, which is only stopped by consideringthe consequences before acting and not harming back. Mahatma Gandhi once said, “An eye for an eye makes thewhole world blind.” So, too, instinctive retaliation ultimately makes the whole world angry. The principle ofconsidering the karmic consequences pertains equally to positive actions. The wisest approach is to not simplyreact to things that happen to us, but to take time to consider the karmic repercussions of all actions before wetake them. The habit of considering the consequences before acting can be developed at an early age when parentsand teachers utilize positive discipline methods to help children face the natural and logical consequences of theiractions. Each mark is a reward or a stumbling block. Learn to look at the step you have made and the step youhave not made yet. This brings you close to Me.” Gurudeva elucidates our fourth principle: “It is our reaction tokarmas through lack of understanding that creates most karmas we shall experience at a future time.” Tirukural:“All suffering recoils on the wrongdoer himself. Paper is an attempt for managing your own karma by utilizing thecorrect understanding of karma to refine your actions and reactions in life.
业力是自我产生的:一个人的行为创造了他未来要经历的业力,如果你可以在现有的出生中实现精神成熟,为什么还要再等七世来实现呢?这就是写关于业力管理的论文背后的想法。当我们开始运用管理的原则来管理业力时,我们个人的业力就会加剧。很多时候,我们的行为是基于对别人所做或所说的情绪反应。这种行为的后果往往没有得到清楚和仔细的考虑。例如,有人侮辱你,你就以牙还牙。如果你反思一下,你就会发现,你现在用言语伤害别人的后果是,你将来会被别人的话再次伤害。这种行为创造了一个被伤害和伤害他人的无休止的循环,只有在行动之前考虑后果,不伤害他人,才能停止这种循环。圣雄甘地曾经说过:“以眼还眼会让整个世界变得盲目。”因此,本能的报复最终也会让整个世界感到愤怒。考虑因果报应的原则同样适用于积极的行为。最明智的方法不是简单地对发生在我们身上的事情做出反应,而是在我们采取行动之前花时间考虑所有行动的业力影响。在行动之前考虑后果的习惯可以在很小的时候就培养起来,那时父母和老师会利用积极的纪律方法来帮助孩子们面对他们行为的自然和合乎逻辑的后果。每一分都是奖励或绊脚石。学会审视你已经迈出的一步和还没有迈出的一步。这使你与我亲近。”古鲁代瓦阐明了我们的第四个原则:“正是我们由于缺乏理解而对业力做出的反应,造成了我们将在未来经历的大多数业力。”Tirukural:“所有的痛苦都落在做坏事的人身上。论文是一种管理你自己的业力的尝试,利用对业力的正确理解来改善你在生活中的行为和反应。
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引用次数: 0
AN IMPACT OF COVID-19 ON FINANCIAL PERFORMANCE OF SELECTED FMCG COMPANIES IN INDIA COVID-19对印度选定快速消费品公司财务业绩的影响
Pub Date : 1900-01-01 DOI: 10.47968/gapin.630004
The Covid-19 pandemic caused disruptions in supply chains, leading to difficulties in obtaining raw materials,manufacturing, and distributing goods. These challenges, along with shifts in consumer behaviour and demandpatterns, had an impact on the revenue and profitability of FMCG companies. While essential productsexperienced a surge in demand at the beginning of the pandemic, non-essential items faced decreased demanddue to changes in consumer spending habits. FMCG companies also incurred additional costs due to disruptionsin the supply chain, safety measures, employee welfare initiatives, and increased marketing and promotionalactivities. These added expenses placed pressure on profit margins, further affecting the financial performanceof the companies. This study examines the financial performance of Godrej Consumer Products Ltd and TATAConsumer Products Ltd before and after the Covid-19 period. The results indicate that Godrej ConsumerProducts Ltd maintained a relatively stable and consistent financial performance in the post-Covid-19 period,while TATA Consumer Products Ltd experienced a slight decline in various financial ratios. These findingssuggest that Godrej Consumer Products Ltd has successfully adapted to the post-Covid-19 environment,whereas TATA Consumer Products Ltd may need to address specific challenges to enhance its financialperformance.
2019冠状病毒病大流行造成供应链中断,导致原材料获取、制造和分销困难。这些挑战,加上消费者行为和需求模式的转变,对快速消费品公司的收入和盈利能力产生了影响。虽然基本产品在大流行开始时需求激增,但由于消费者消费习惯的变化,非基本物品的需求减少。由于供应链中断、安全措施、员工福利倡议以及增加的营销和促销活动,快速消费品公司还产生了额外的成本。这些增加的费用对利润率造成压力,进一步影响了公司的财务业绩。本研究考察了Godrej Consumer Products Ltd和tatconsumer Products Ltd在Covid-19期间前后的财务绩效。结果表明,Godrej ConsumerProducts Ltd在covid -19后期间保持了相对稳定和一致的财务业绩,而TATA ConsumerProducts Ltd的各项财务比率略有下降。这些发现表明,Godrej消费品有限公司已经成功地适应了后covid -19环境,而TATA消费品有限公司可能需要应对具体挑战以提高其财务绩效。
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引用次数: 0
A CHALLENGING ROLE OF INDIAN JUDICIARY AT CYBER SPACE TO CURB CYBER CRIME AGAINST WOMEN 印度司法机构在网络空间遏制针对女性的网络犯罪方面发挥着具有挑战性的作用
Pub Date : 1900-01-01 DOI: 10.47968/gapin.42004
Neha K Bhatt, Pareshkumar D. Dobariya
The world has entered into a new millennium, but from the dawn of civilization till date, the woman of thepatriarchal society of India continues to be oppressed and ill-treated.2 Crime against women have been increasingin all fields. In the era of digital revolution women are not safe at cyber space. In India cybercrime againstwomen have been rapidly increasing in spite of special legislations to protecting women netizen. Judiciary playeda vital role in the implementation of the law and its constitutional role to protecting the human rights as per thelegislation. The most important duty of the court is to protect human rights, and to give relief to the victim.3Themain object of this paper is to analyse the role of Judiciary at cyber space to curb the cybercrime against women inIndia. This paper is commence with cyber crime’s definition and brief view about that. It also focus on kinds ofcybercrime against women in India and brief view on cyber legislation.
世界已经进入了一个新的千年,但从文明之初至今,印度男权社会的妇女仍然受到压迫和虐待针对妇女的犯罪在各个领域都在增加。在数字革命时代,女性在网络空间并不安全。在印度,尽管有专门的立法来保护女性网民,但针对女性的网络犯罪仍在迅速增加。司法在法律实施中发挥着重要作用,在立法中发挥着保障人权的宪法作用。法院最重要的职责是保护人权,并给予受害者救济。本文的主要目的是分析司法机构在网络空间的作用,以遏制印度针对妇女的网络犯罪。本文首先从网络犯罪的定义入手,并对网络犯罪进行了简要的探讨。它还重点介绍了印度针对妇女的各种网络犯罪,并简要介绍了网络立法。
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引用次数: 0
DR. AMBEDKAR: AN ECONOMIST PAR EXCELLENCE 安贝德卡尔博士:一位杰出的经济学家
Pub Date : 1900-01-01 DOI: 10.47968/gapin.12008
Dr. Ambedkar was much more than a mere leader of dalits and an architect of IndianConstitution. He was a great economist with insights in almost all the economic aspects ofpeople’s life. What made him a great economist was his humanitarian and well-balancedapproach on various economic issues. He believed in socialist philosophy but at the sametime recognized the role of private sector. He strongly believed that agricultural productivitydepended to a large extent on the progress of industrialization.The range of his work in economics was indeed very extensive. He has contributions in manyareas like public finance, monetary economics, labour economics, agricultural economicsetc.There are three major works of Ambedkar in Economics. “Administration and Finance ofEast India Company”, “The Evolution of Provincial Finance in British India” and “TheProblem of Rupee: Its origin and its solution”. In the first work, he has evaluated financepolicy of the East India Company between 1792 to 1858 in India. In his second book, he hadevaluated centre-state relations in British India between 1833-1921. His third book relatesto monetary and macro economics.The main objective of this paper is to review the contributions of Dr. Ambedkar in the areaof economics and evaluate whether his understanding, predictions and suggested economicpolicies are relevant to the Indian economy in the present scenario or not.The paper is divided into three parts. The first section describes the works of Dr. Ambedkarin the field of economics. The second section illustrates the economic thoughts of Dr.Ambedkar and their relevance for modern Indian economy. The final section sums up thepaper with concluding remarks on lessons to be learnt from Dr. Ambedkar’s economicphilosophy.
安贝德卡尔博士不仅仅是贱民的领袖和印度宪法的缔造者。他是一位伟大的经济学家,对人们生活中几乎所有的经济方面都有深刻的见解。使他成为伟大经济学家的是他在各种经济问题上的人道主义和平衡的方法。他信奉社会主义哲学,但同时也承认私营部门的作用。他坚信农业生产力在很大程度上取决于工业化的进展。他在经济学方面的研究范围确实非常广泛。他在公共财政、货币经济学、劳动经济学、农业经济学等许多领域都有贡献。安贝德卡在经济学方面有三部主要著作。《feast印度公司的行政与财政》、《英属印度省级财政的演变》、《卢比问题:起源与解决》。在第一部作品中,他评估了1792年至1858年间印度东印度公司的财政政策。在他的第二本书中,他贬低了1833-1921年间英属印度中央邦的关系。他的第三本书是关于货币和宏观经济学的。本文的主要目的是回顾Ambedkar博士在经济学领域的贡献,并评估他的理解、预测和建议的经济政策是否与当前情况下的印度经济相关。本文共分为三个部分。第一部分介绍了Ambedkarin博士在经济学领域的工作。第二部分阐述了安贝德卡博士的经济思想及其对现代印度经济的意义。最后一部分总结了本文,总结了从Ambedkar博士的经济哲学中可以学到的教训。
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引用次数: 0
A COMPARATIVE STUDY ON DISCLOSURE PRACTICES AND ITS RELATION WITH SHARE PRICES OF SELECTED INDIAN LISTED COMPANIES 印度上市公司信息披露行为及其与股价关系的比较研究
Pub Date : 1900-01-01 DOI: 10.47968/gapin.42001
Aroonraj Jesrani
The disclosures are the language of communicating the performance and state of affair of business by thecorporates to stakeholders. Therefore, the main objective of this paper is to study the disclosure practices and theirrelation with share prices of selected companies. To meet this objective the data has been collected from annualreports and NSE data base of ten companies for two industries for the period of five years. The collected data istabulated and analysed with the help of research tools and techniques like mean, standard deviation, coefficient ofvariance, one - way ANNOVA and Karl Pearson’s correlation. This study concludes that, disclosures practicesbetween companies are same but not between selected sectors and these disclosures does not have any significantimpact or relationship with its share prices.
披露是企业向利益相关者传达经营业绩和经营状况的语言。因此,本文的主要目的是研究所选公司的信息披露行为及其与股价的关系。为了实现这一目标,数据是从年度报告和NSE数据库中收集的,数据来自两个行业的十家公司,为期五年。利用均值、标准差、方差系数、单因素方差分析和卡尔·皮尔森相关等研究工具和技术对收集到的数据进行整理和分析。本研究的结论是,公司之间的披露做法是相同的,但在选定的行业之间并不存在,这些披露与其股价没有任何显著的契约或关系。
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引用次数: 0
FUNDING FROM THE CROWD, A SYSTEMATIC LITERATURE REVIEW 众筹,系统文献综述
Pub Date : 1900-01-01 DOI: 10.47968/gapin.630008
This report presents a systematic literature review (SLR) conducted from 2015 to 2022 on the subject ofcrowdfunding as a finance option. The review comprises 38 articles sourced from various journals and employsa qualitative technique for analysis. The objective of the study is to explore the role of crowdfunding as analternative funding source, emphasizing its significance in the financial landscape. The search yielded 96 out of29 papers that specifically analyze crowdfunding, providing descriptive findings. However, none of thecontributions included qualitative analysis, highlighting a gap in the existing literature. The practicalimplications of the review extend to policymakers, investors, entrepreneurs, and the finance sector, aiming tofacilitate informed decision-making in investment pursuits. The study adds value to the literature bycontributing to a deeper understanding of crowdfunding's importance as an alternative funding source.
本报告对2015年至2022年的众筹融资进行了系统的文献回顾(SLR)。本综述包括来自不同期刊的38篇文章,并采用定性技术进行分析。本研究的目的是探讨众筹作为另一种融资来源的作用,强调其在金融领域的重要性。在29篇专门分析众筹的论文中,有96篇给出了描述性的发现。然而,这些贡献都没有包括定性分析,这突出了现有文献中的空白。该综述的实际意义延伸到政策制定者、投资者、企业家和金融部门,旨在促进投资追求中的明智决策。该研究通过有助于更深入地理解众筹作为另一种融资来源的重要性,为文献增加了价值。
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引用次数: 0
E-COMMERCE: PROMOTING ENTREPRENEURSHIP IN INDIA 电子商务:促进印度创业
Pub Date : 1900-01-01 DOI: 10.47968/gapin.420015
P. C. Padhy
E-commerce carries with it its own importance in the corporate world due to the effect of globalisation.Significance of E-commerce further extends in India due to the advent of „Digital India” campaign. Remarkabletransformation has been taken place in the field of entrepreneurship by the implementation of effectivegovernance in e-commerce. During last few times amazing renovation have been noticed in the Indian shops andtrades. E-commerce has taken the domain of business by storm and fascinated the imagination of wholegeneration of entrepreneurs, with e-commerce ventures with various business and commercial models. Themercurial development in recent years has already propelled the largest industries among these enterprisescrossing the billion-dollar boundary. This article has attempted to highlight the current position of the eCommerce scenario in India and corporate point of view. Simultaneously, it points out the corporate sec strategicdrives and challenges, and SCIREA Journal of Agriculture http://www.scirea.org/journal/Agriculture January 13,2017 Volume 1, Issue 2, December 2016 44 recommends the techniques which will trigger e -Commerce industriesand sustain development.
由于全球化的影响,电子商务在企业界具有其自身的重要性。由于“数字印度”运动的出现,电子商务在印度的重要性进一步扩大。电子商务实施有效治理,创业领域发生了显著变化。在过去的几年中,印度的商店和行业已经注意到惊人的翻新。电子商务已经席卷了商业领域,吸引了整整一代企业家的想象力,各种各样的商业和商业模式的电子商务企业。近年来的风云变幻,已经推动这些企业中最大的几个产业跨过了十亿美元的边界。本文试图强调印度电子商务场景的当前位置和企业的观点。同时,它指出了企业的战略驱动和挑战,SCIREA农业杂志http://www.scirea.org/journal/Agriculture 2017年1月13日第1卷,第2期,2016年12月44建议的技术,将触发电子商务产业和可持续发展。
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引用次数: 1
GROWTH OF COOPERATIVES IN INDIA 印度合作社的发展
Pub Date : 1900-01-01 DOI: 10.47968/gapin.12005
The cooperative movement in India started somewhere in 1904 when the first CooperativeCredit Societies Act was formed. Formerly, the objective of the cooperatives was to upholdthe interest of the poor farmers from private money-lenders. Since independence, thecooperative movement has broadened to the extended corners of the country. Cooperationhas now touched upon almost all sections of the Indian economy. After the Second WorldWar, the Urban Cooperative Bank is a major modernization in the cooperative sector. As on31st March, 1996, the Urban Cooperative Bank sector encompasses about 1500 banks with4500 branches. The total deposits of these banks are Rs.24000 crores which constitutesabout 4.5% of total deposits of the entire banking system. This paper looks into thisincredible growth of cooperatives in India. It attempts to justify the hypothesis that “Withgrowth of the cooperatives, the country advances.” The first section of the paper defines theconcepts of cooperatives. The second section enumerates a long list of advantages ofcooperatives and discusses how these advantages help in upliftment of economically andsocially backward population. The third section of the paper describes some famouscooperative movements in India. The fourth section narrates some issues faced bycooperative societies. The final section of the paper presents a case study of Co-operativesociety which uplifted the tribal population in Valsad.
印度的合作社运动始于1904年,当时制定了第一部《合作信用协会法》。以前,合作社的目标是维护贫穷农民的利益,使其免受私人放债人的侵害。自从独立以来,合作社运动已经扩展到全国的各个角落。合作现在已经触及印度经济的几乎所有领域。城市合作银行是第二次世界大战后合作领域的重大现代化进程。截至1996年3月31日,城市合作银行部门包括约1500家银行和4500家分行。这些银行的存款总额为2400亿卢比,约占整个银行体系存款总额的4.5%。本文研究了印度合作社令人难以置信的增长。它试图证明“随着合作社的发展,国家进步”的假设是正确的。本文第一部分对合作社的概念进行了界定。第二部分列举了一长串合作社的优势,并讨论了这些优势如何有助于提高经济和社会落后人口的水平。论文的第三部分描述了印度一些著名的合作社运动。第四部分叙述了合作社面临的一些问题。论文的最后一部分提出了一个合作社会的案例研究,它提高了瓦尔萨德的部落人口。
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引用次数: 0
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