...explain the need for and importance of specialised financial institutions; l identify the types of such institutions; l describe the functions and objectives of Industrial Finance Corporation of India (IFCI) and State Financial Corporations (SFCs); l discuss the role and objectives of Industrial Development Bank of India (IDBI); l state the functions of IDBI; l Recall the meaning of ‘investment trust’; 56 :: Business Studies l discuss the objectives and function of Unit Trust of India (U.T.I.) ; l Explain the objectives of Industrial Credit and Investment Corporation of India (ICICI) ; l describe the functions of ICICI ; 20.3 Need for and importance of Specialised Financial Institutions (SFIs) SFIs are institutions set up mainly by the government for providing medium and long-term financial assistance to industry. As these institutions provide developmental finance, that is, finance for investment in fixed assets, they are also known as ‘development banks’ or ‘development financial institutions’. These institutions receive funds for their financing operations primarily from the government or other public institutions. These institutions also raise funds from the capital market. Need for SFIs The need for establishing SFIs arose mainly because of the following reasons:- 1. It was difficult for industry in general to procure sufficient longterm funds in the capital markets. There were no other...
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...PERFORMANCE OF TEXTILE INDUSTRY IN INDUSTRIALISATION: A STUDY WITH REFERENCE TO INDIA INTRODUCTION Prosperity of any nation is extremely difficult without industrial development – is a well established truth for all the economies – developing or developed. Economic development and industrialization have became so closely integrated with each other that progress of an economy is now accessed from the success it has achieved in transformation from agricultural set up into a industrial set up. Through industrialization a situation is created whereby many industries are set up rapidly and ultimately backward areas are converted into economically developed areas and backward economies into developed economies. Industrialization, infact is a composite term which involves a number of structural changes such as changes in the production techniques, factor intensities, industrial employment and output. Industrialization is not only a way to increase output or national income but is a means of introducing modern technology and changing ways of life and finally the structure of the economy because of its self-reinforcing quality. But the all above cannot be executed without a well planned industrial policy. The industrial polity provides direction to the pace of industrialization and industrial development. Hence, to industrialize the country, India too, framed industrial policy which was amended, modified and reoriented several times. The First Industrial Policy was framed in 1948...
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...The Industrial Revolution was a worldwide transition which led to quick industrialisation starting off in Britain in the late 1700s and early 1800s, before expanding to other areas such as Asia and the Americas. This essay aims to explore how the Industrial Revolution affected the textile industry in India and Iran as a result of the amalgamation of the webs into a single cosmopolitan web, where communication, new inventions and technology were easily shared within different aspects of the world. During the course of this essay, the focus will be on the emergence of the Industrial Revolution and the discovery of fossil fuels as a cheap energy source, and how this affected the British position in the textile industry. Furthermore, factors affecting...
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...level of the' industrial develop¬ment of a country has become the yardstick to be applied to judge its actual development. All other progress has become meaningless; if a country is technologically backward, it is backward irrespective of any other excellence it might have acquired. It is a well-known fact that British Government never inten¬ded to develop the industries in our country during pre-independence period. After independence the people of this country entertained high hopes from the government for the betterment of their life it is the industrial development which provides basic infrastructure necessary for the development of the economy as a whole. Industrial Policy, 1948 and the Industries (Development and Regulation) Act, 1957 gave an idea of the attitude of the Government with regard to the development of industries. But, it was only the adoption of planning in 1951 which created a favorable atmosphere for the development of industries. The history of organized industry in India may be traced to 1854 when the real beginning of the cotton mill industry was made in Bombay. The foundations of jute industry were laid near Calcutta in 1855, Coal-mining also progressed about this time. There were the only major industries which had developed substan¬tially before the First World War. During and after World war I and II, a somewhat more liberal policy was adopted by the authorities, such as, a discriminating protection policy, which gave impetus to industrial development...
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...Kuldeep Changia | Issues in Indian Industry | March 9, 2015 Kuldeep Changia | Issues in Indian Industry | March 9, 2015 Perspectives on Industrial Stagnation in India (1940-70) Perspectives on Industrial Stagnation in India (1940-70) Abstract The paper seeks to analyse the factors causing the stagnation in the industrial sector in India after having relatively rapid industrialization post-independence period. This debate marked contrast to the relative consensus that prevailed in the professional economic circles in the sixties, attracted a great deal of scholarly attention to India. This paper seeks to analyze that lack of aggregate demand and inequality in income distribution as the possible reasons for the same also mentioning the other possible reasons and their respective criticisms. Contents Abstract 1 Introduction 2 Trends in Industrial Stagnation 3 Income Distribution and Demand Factor 5 Alternative views; Critiques and Conclusion 7 References 8 Introduction Post the independence period, the industrial sector in India saw a quadrupled growth in production and a marked diversification in structure and range of products produced. However, during the period 1950-75, the output saw varied growth levels, with 7.7% output growth in 1951-65 to 3.6% growth during 1965-75 (Nayyar, 1978). India had all the pre-requisite conditions of high growth in industrial sector; a large domestic market and resource base, a well-developed and large cadre of scientific...
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...sadiquatabassum@yahoo.com ABSTRACT In the pursuit to create a vibrant MSME sector Ministry of MSME, Government of India has taken multi-pronged strategy. The focus is not only on the issues related to starting and growth of MSMEs but ensuring that they sustain their business. However, due to various reason MSMEs are prone to sickness. There has been an increase in MSME sickness. There have been internal causes relating to Planning, Implementation & Production and external causes like Infrastructural bottlenecks, Finance Constraints, Marketing Constraints...
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...Make in India: Reverie or Reality Abstract: Make in India is the BJP-led NDA government's flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The intention is to revive manufacturing businesses and emphasizing key sectors in India and to address the growing concerns that most entrepreneurs are moving out of the country due to its low rank in ease of doing business ratings. Current scenario: The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. The four pillars are: * ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. * Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication. * FDI has been opened up for new sectors like Defense production, Insurance, Medical Devices, and Construction and Railway infrastructure in a big way. * In order to partner with industry in economic development of the country Government shall act as a facilitator and not a regulator. Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government expects...
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...Investing in the Indian market India, among the European investors, is believed to be a good investment despite political uncertainty, bureaucratic hassles, shortages of power and infrastructural deficiencies. India presents a vast potential for overseas investment and is actively encouraging the entrance of foreign players into the market. No company, of any size, aspiring to be a global player can, for long ignore this country which is expected to become one of the top three emerging economies worldwide. ------------------------------------------------- Quick Facts about India ------------------------------------------------- On a cumulative basis, the FDI equity inflows received by India stood at US$ 20.92 billion during April-December 2009, according to the latest data released by the Department of Industrial Policy and Promotion (DIPP). ------------------------------------------------- The Prime Minister's Economic Advisory Council (PMEAC) has pegged India's growth at 8.2 per cent for 2010-11 and 9 per cent in 2011-12, expecting the agriculture, industrial and services sectors to perform well through the next two years. ------------------------------------------------- India's industrial output grew at its fastest year-on-year pace in almost two decades at 16.8 per cent in December 2009, signalling a strong recovery. The manufacturing sector that constitutes around 80 per cent of industrial output, expanded by 18.5 per cent to set the pace of growth. ------------------------------------------------- ...
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...Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005 SUPERVISOR’S CERTIFICATE This is to certify that the Project Report entitled: ‘PRIVATE SECTOR IN INDIA: BOON OR BANE’ submitted to the Tamil Nadu National Law School in partial fulfilment of the requirements for B.A. LL.B (Hons.), third semester is an original and bona-fide research work carried out by Akash Gupta under my supervision and guidance. No part of this study has been submitted to any University for the award of any Degree or Diploma whatsoever. ______________________ (Mr.Yuvraj) ------------------------------------------------- Preface This project is intended to carry out an extensive research on the topic “PRIVATE SECTOR IN INDIA: BOON OR BANE” by the supervisor. The research and analysis conducted by the researchers are bona-fide and purely for academic purposes. Every effort is made to keep the project error free. We would gratefully acknowledge the suggestions to improve the project to make it more useful. ACKNOWLEDGEMENTS ...
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...SYLLABUS INDIAN BUSINESS ENIRONMENT MBA–2nd SEMESTER, M.D.U., ROHTAK External Marks : 70 Time : 3 hrs. Internal Marks : 30 UNIT-I Nature, components and determinatnts of business environment; basic nature of Indian economic system; relation size and growth of public and private corporate sector, social responsibility of business; broad features of India's now economic policy. UNIT-II Trend and pattern of industrial growth; review of industrial policy developments; industrial licensing policy; liberalisation of the private sector; trends and issues in corporate management; growth and problems of the small scale sector; public sector reforms and privatisation the problem of industrial sickness; MRTP Act, SICA and Industrial Disputes Act. UNIT-III Development banks for corporate Sector (IDBI, IFCI, ICICI) - trends pattern and policy; regulation of stock exchanges and the role of SEBI; banking sector reforms, challenges facing public sector banks; growth and changing structure of non bank financial institutions; problem of non performing assets in Indian Banks. UNIT-IV Trend and pattern of India's foreign trade and balance of payments; latest EXIM policy-main features; policy towards foreign direct investment; globalisation trends in Indian economy; role of MNC's; India's policy commitments to multilateral insitiutions - IMF, World Bank and WTO. NOTE : The question paper will be set by the external examiners. The external examiner will set 8 questions...
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...Karachi school for business and leadership | Financial Institutions (Banks) & Industrial Development in Germany, Russia & India | Global and South Asian Business Development | Dr. Imran Ali | | 3/24/2014 | Salik Chaturbhai M2130024 Taimour Abdullah M2130017 Zeeshan Jessani M2130034 Salik Chaturbhai M2130024 Taimour Abdullah M2130017 Zeeshan Jessani M2130034 Contents Introduction 2 Review of Literature 3 Looking at the Past: Industrialization and Financial Institutions 8 Germany 8 Deutsche Bank, Germany 10 Russia 13 Sberbank, Russia 16 India 17 The State Bank of India 18 Major Themes: Comparison & Contrast 24 The debate between Capitalist and Communist Industrialization 25 Fiscal and Industrialization policy 27 Mission Statement and goals 30 The Banking Sector 31 Target Markets 32 Colonized Industrialization or De-industrialization 34 Conclusion 37 Appendix 1 39 Appendix 2 40 Work Cited 42 Introduction Mankind as a whole and the world as has been observed in the past has undergone much change in all aspects of human life. The concept of economic development in light of increasing industrial growth, free labour, the growth of private property as an institution and the development of the international trade as a concept have changed the way humans and hence nations interact and intervene in the world economic system. These gradual yet drastic changes in the structure of human interactions led to a wave...
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...Pump & Valve Industry – Overview & Opportunities About Singhi Advisors Your Partners in Growth . . . Private & Confidential Singhi Advisors Advantage Singhi Two Decades of delivering Success… Full service Investment bank with strong capabilities in M&A, PE & India Entry Strategy Many Services…One Goal MERGERS & ACQUISITIONS INDIA ENTRY STRATEGY PRIVATE EQUITY One of the top ten Investment Bankers and winner of the M&A Atlas Awards – Deal of the Year 2011, ACQ Global Award 2009 for ‘Corporate and M&A Advisory firm of the year-India’ o Co po ate a d & dv so y o t e yea da Multi–dimensional focus, covering all major sectors and industries Current focus with mid market and growing Corporates, while having strong relationships with top business houses in the country E Experienced & S bl M i d Stable Management, l di leading a team of >35 f 35 professionals, 70% of the team averaging 6+ years with Singhi Strong relationship and confidence from existing clients with 60% repeat business and 80% strike rate Live relationship with >250 Corporates, resulting in >800 ve e at o s p w t 50 Co po ates, esu t g 800 completed assignments. CORPORATE RESTRUCTURING DEBT SYNDICATION CORPORATE ADVISORY Global Reach Exclusive Indian Member of “Mergers-Alliance”, a leading international network of independent Investment Banking Firms and Corporate Finance advisory firms offering seamless services on mid-market transactions With the successful closure of more than 90 transactions...
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...Receipt Annual Financial Statement Annual General Meeting All India Rural Credit Survey Committee Additive Outliers Auto Regression Auto-Regressive Integrated Moving Average Available For Sale CBS CC CD CD Ratio CDBS CF CFRA CGRA CII CO CP Consolidated Banking Statistics Cash Credit Certificate of Deposit Credit Deposit Ratio Committee of Direction on Banking Statistics Company Finance Combined Finance and Revenue Accounts Currency and Gold Revaluation Account Confederation of Indian Industries Capital Outlay Commercial Paper Consumer Price Index Consumer Price Index for Industrial Workers Capital Receipts Capital to Risk Weighted Asset Ratio Cash Reserve Ratio Council of Scientific and Industrial Research Central Statistical Organisation Central Vigilance Commission Development Action Plan Department of Banking Operations and Development Department of Banking Supervision, RBI Department of Company Affairs, (Now known as Ministry of Companies Affairs, MCA) Government of India AO AR ARIMA AFS CPI ASSOCHAM Associated Chambers of Commerce and Industry of India ATM ATM BIS BOI BoP BPM5 Asynchronous Transfer Mode Automated Teller Machine Bank for International Settlements Bank of India Balance of Payments Balance of Payments Manual, 5th edition Balance of Payments Division, DESACS, RBI Basel Committee on Banking Supervision Basic Statistical Returns Capital Account Deficit Controller and Auditor General of India ix DCA CSO CVC DAP DBOD BSCS DBS CRR CSIR CPI-IW CR CRAR ...
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...in India? 2. How did East India gain by capturing political power in India? 3. Describe about early settlement Acts? 4. If one carefully studies the period of Indian history between 1757 and 1940 one finds clearly identifiable stages of British colonization each with its specific and distinguishable characteristics. Can you identify the main features of each stage with corresponding impacts on the Indian economy? 5. “The emergence of Industrial Britain resulted in De-industrialization and commercialization of Indian Agriculture in the early part of Nineteenth century”. Do you agree? Explain your conclusions. 6. Discuss the impact of the military and industrial revolutions upon India up to 1858. Which of these would you regard as more important? Industrial Revolution 1. The industrial revolution in the UK changed the nature of British interest in India. Comment. 2. How was the Indian economy affected by the change? 3. What role did opium play in that regard? 4. Would you attribute the origins of the industrial revolution to the inventive genius of the English people? Provide reasons for your answer. 5. Analyze the cause and conditions of the emergence of the factory system of production in Western Europe. What are the chief characteristics? Indian Business 1. Explain the difference in the process of industrialization of jute and cotton textile industries in India? ...
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...characteristics of the “First Stage “ of colonial rule in India? 2. How did East India gain by capturing political power in India? 3. Describe about early settlement Acts? 4. If one carefully studies the period of Indian history between 1757 and 1940 one finds clearly identifiable stages of British colonization each with its specific and distinguishable characteristics. Can you identify the main features of each stage with corresponding impacts on the Indian economy? 5. “The emergence of Industrial Britain resulted in De-industrialization and commercialization of Indian Agriculture in the early part of Nineteenth century”. Do you agree? Explain your conclusions. 6. Discuss the impact of the military and industrial revolutions upon India up to 1858. Which of these would you regard as more important? Industrial Revolution 1. The industrial revolution in the UK changed the nature of British interest in India. Comment. 2. How was the Indian economy affected by the change? 3. What role did opium play in that regard? 4. Would you attribute the origins of the industrial revolution to the inventive genius of the English people? Provide reasons for your answer. 5. Analyze the cause and conditions of the emergence of the factory system of production in Western Europe. What are the chief characteristics? Indian Business 1. Explain the difference in the process of industrialization of jute and cotton textile industries in India? 2. How do you explain the Indian Business Community’s...
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