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The IUP Journal of Managerial Economics

February '11
Focus

Our first paper “Common Property Resources in Rural India: Dependence, Depletion and Current Status” by Abhilas Kumar Pradhan and Rabinarayan Patra, is about a very important issue in rural development.

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Common Property Resources in Rural India: Dependence, Depletion and Current Status
Disinvestment in India: Policy, Mechanism and Future Roadmap
Impact of Global Recession on the Indian Cement Industry (With Special Reference to ACC Limited)
Policies of Government for Allocation of Funds to the Industry and Related Activities in Various Economic Plans in India: A Critical Appraisal
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Common Property Resources in Rural India: Dependence, Depletion and Current Status

-- Abhilas Kumar Pradhan and Rabinarayan Patra

A large majority of over 75 cr rural population of India are dependent on Common Property Resources (CPRs) for their livelihood. But with the spread of liberalization, privatization, globalization and market-orientation even to the ordinary business of people's lives, the CPR base of the country is depleting very fast. If such depletion persists, it could be alarming. In the interests of providing livelihood support to the rural folk and ensuring sustainable overall development of the economy, conservation of CPRs assumes significant priority. A comprehensive CPR management policy of the Public Private Partnership (PPP) kind with thrust on local stakeholders is suggested.

Disinvestment in India: Policy, Mechanism and Future Roadmap

-- Avi Prasad

Disinvestment in India is a politically sensitive issue, often mired in controversy and has vacillated between extremes of vigorous pursuit to dormant status, as a priority area of economic reforms. This article attempts to trace the evolution of disinvestment policy in India over the last two decades and analyze the benefits and problems associated with various methods of disinvestment used in India. The article also suggests a possible roadmap for future disinvestment activities.

Impact of Global Recession on the Indian Cement Industry (With Special Reference to ACC Limited)

-- Sandeep Kumar Rai and Shailesh K Dwivedi

Cement Industry in India is on a roll at the moment. Driven by a booming real estate sector, global demand and increased activity in infrastructure development such as state and national highways, the cement industry has witnessed tremendous growth. The realty sector boomed but could not sustain for long and it collapsed because of the loan defaults. This situation spread like wild fire and put the Indian economy in danger like the US economy. The US financial crises have affected many countries of the world and India is not an exception to it. Because of these financial crises, Indian economy has lost more than 2% of GDP growth. Almost all sectors of the Indian economy have been affected by this crisis. In this paper, an attempt has been made to find out the impacts of global financial crisis on the Indian Cement Industry particularly the ACC limited.

Policies of Government for Allocation of Funds to the Industry and Related Activities in Various Economic Plans in India: A Critical Appraisal

-- Vikram K Joshi

India adopted economic planning in 1951 and since then ten Five-Year plans are over. India's Five-Year plans have the basic objectives of growth, employment, self-reliance and social justice. Any country that wishes to progress must place due emphasis on industrial development as economic development and modernization processes are closely inter-linked. In India, the importance of agriculture is self-evident as about two-third of the population depends on it, but industrialization has a major role to play in the economic development of the underdeveloped countries. This paper deals with the critical analysis of the policies of the government for allocation of funds to the industry and related activities in various plans.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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