Asian Journal of Management

Bibhu Prasad Sahoo ¹, Neeraj Jain ¹, Garima ¹

Affiliations
1 SGTB Khalsa College, University of Delhi, Delhi, IN

Abstract

GST, also known as Value Added Tax (VAT), is a multi-stage consumption tax charged on value added at every stage of production. The manufacturer or distributor charges GST on its sales (output tax) and gets credit for GST paid on the purchases made (input tax). In India, the basic idea is to create a single, cooperative and undivided market which has a simplified tax structure that strengthens the economy. GST has been recommended by IMF for improving the efficiency of the tax system and for increasing the tax revenue in any country. Implementation of GST in over 160 countries has drawn the attention of various researchers towards the variable impact on inflation in their respective economies. The present study aims to evaluate the postimplementation impact of GST on inflation for eleven developing and developed countries. The study uses Intervention model to evaluate the post-implementation impact of GST on inflation in the short run and long run. Overall results showed that except for China, there was no significant evidence of increase in inflation after the introduction of GST both in the short run (one year) and in the long run (3 years). The study found that countries like Portugal and New Zealand experienced a significant drop in inflation after introducing GST.

Keywords

GST, Inflation, Intervention Model, VAT.

Full Text

     

Bibhu Prasad Sahoo ¹, Karman Kaur ¹

Affiliations
1 SGTB Khalsa College, University of Delhi, Delhi, IN

Abstract

The paper here attempts to analyze the credit risk of Indian public sector bank. The risk defined here is Credit risk I and the bank taken into consideration is State Bank of India. The study uses NPA, advances and investment as three important analysis tools. The study examines below the relationship and influence of NPAs on advances and investments of State Bank of India. The study finds that there is a strong relationship among these three variables.

Keywords

Credit Risk I, State Bank of India, NPAs, Advances, Investments.

Full Text

     

Bibhu Prasad Sahoo ¹, Karman Kaur ²

Affiliations
1 Department of Commerce, SGTB Khalsa College, University of Delhi, Delhi, IN
2 Department of Economics, SGTB Khalsa College, University of Delhi, Delhi, IN

Abstract

Through this study an effort is made in the study to investigate the relevance of IPO grading on the under pricing, long term returns, liquidity and the P/E ratio of the companies. For the purpose of the study, 83 IPOs are selected, which came after May 2007 through National Stock Exchange (NSE) and possess IPO grades at the time of issue. The IPO’s of different IPO grades have been analyzed in terms of under pricing, liquidity, P/E ratio and long term returns using t-test and regression analysis. The results indicate that the QIBs consider IPO grading significantly and hence also affects the overall subscription of the IPO. The listing day liquidity of higher graded IPOs is low but commands better liquidity in the long term. Long term performance of the higher graded IPO is better than lower graded IPO’s. However, the IPO Grading in not relevant in explaining the Listing Day returns. Also the IPO grading has no impact on the subscription behavior of retail investors.

Keywords

IPO Grading, Indian Stock Market.

Full Text