International Journal of Education and Management Studies

Ambika Sangwan ¹

Affiliations
1 Department of Commerce, Maharshi Dayanand University, Rohtak, Haryana, IN

Abstract

International financial markets were facing a rough time in 1970s. In response of this, the central bank governors of G 10 countries established a Committee on Banking Regulations and Supervisory Practices which was later renamed as Basel Committee on Banking Supervision. This committee works for enhancing the financial stability by improving the quality of banking supervision worldwide. In 1988, Basel I norms were adopted to strengthen the soundness and stability of the international banking system and to mitigate competitive inequalities. In June, 2004, BCBS published Basel II guidelines, which were based on three parameters-Capital adequacy requirements, supervisory review and market discipline. In 2010, Basel III guidelines were released in response of the financial crisis of 2008, to strengthen the banks which were under-capitalised, over-leveraged. The present paper begins with building a common understanding of the concept of Basel norms, then an attempt is made to understand the impacts of Basel norms on banking system in India.

Keywords

Basel Norms, Banking Systems, Capital Adequacy Requirements, Leverage Ratios.

Full Text

     

Ambika Sangwan ¹

Affiliations
1 Department of Commerce, M.D.University, Rohtak, Haryana, IN

Abstract

The present paper is an endeavour to highlight the impacts of Gross Capital Formation and Trade Balance on GDP at factor cost of India. An attempt is also made to study the impacts of exchange rate, inflation rate (WPI) and interest rate on GDP of India. The study is purely based on secondary data the analysis of which was made through the application of Karl Pearson's coefficient of Correlation and Multi Regression OLS model (Ordinary Least Square). The study found that the Gross Capital Formation is the most important predictor of GDP with R square value of .979 and coefficient of correlation of .989. The study also found that exchange rate is the most important predictor of GDP at factor cost, Gross Capital Formation and Trade Balance among the other predictors used in study with R square values of .708, .583 and .513 respectively and coefficient of correlation of .841, .764 and .716 respectively. Though, the exchange rate is a significant factor for all outcome variables yet its impact on GDP has been greater than other two outcomes. It was further indicated through the results that if three selected independent factors remain constant, then there are other factors which are explaining GDP, Gross Capital Formation and Trade Balance up to -9513.513, -5083.572 and 7787.460 units.

Keywords

GDP at Factor Cost, Gross Capital Formation, Exchange Rate, WPI and Interest Rate.

Full Text

     

Ambika Sangwan ¹

Affiliations
1 Department of Commerce, M.D. University, Rohtak, Haryana, IN

Abstract

The Indian economy showed resilient behaviour during recent global recessionary conditions and has emerged as one of the fastest growing economies m the world. The salient feature of India's recent growth has been the dynamism of the service sector, while the manufacturing sector has been comparatively less robust. The manufacturing sector of Indian economy still lags behind in comparison to some developed and developing nations. There are certain bottlenecks in the Indian economy which the Government needs to address towards making India a global manufacturing hub. Government of India takes valuable initiatives to tackle these bottlenecks like 'Make m India. The present research paper aims to study the status of manufacturing sector m Indian economy, recognize the key challenges faced by manufacturing sector of India m the course of development process. The paper also throws light on the 'Make m India' initiative of Government of India which is launched to promote the development and competitiveness of the Indian manufacturing sector.

Keywords

Manufacturing Sector, Make in India, Gross Domestic Product, Challenges, Ease of Doing Business.

Full Text