Book description
The revised edition of Business Environment presents a thorough overhaul, updated with the latest information and developments. Having ten new chapters, including comparative study of business environments in India, China, SAARC and European Countr
Table of contents
- Cover
- Title page
- Contents
- About the Author
- Dedication
- Foreword
- Preface to the Second Edition
- Preface
-
1 Business Environment
- Introduction
- Meaning and Definition
- Salient Features
- Importance of the Study
- Environmental Factors
- Business Environment and Strategic Management
- Market Opportunities
- Distribution of Household by Income, 1990–2000
- Recent Political Environment
- Recent Economic and Financial Environment
- Case
- Summary
- Key Words
- Questions
- References
-
2 Planning in India
- The Emergence of Planning
- The Planning Commission
- The National Development Council
- Objectives of Planning in India
- Five-Year Plans
- Distribution of Public Sector Outlay of Each Plan
- Tenth Five-Year Plan (2002–07)
- Five-Year Plans—Achievements and Failures
- Eleventh Five-Year Plan (2007–12)
- Liberalisation and Planning
- Case
- Summary
- Key Words
- Questions
- References
-
3 Industrial Policy
- Historical Background
- Government’s Role
- Meaning and Objectives of Industrial Policies
- Industrial Policies
- Evaluation of the New Industrial Policy
- New Trade Policy of 1991
- The New Small-Scale Sector Policy of 1991
- Recent Policies for Micro and Small Enterprises (MSE) Sector
- Case
- Summary
- Key Words
- Questions
- References
- 4 Industrial Licensing
-
5 India’s Monetary and Fiscal Policy
- Monetary Policy of India
- Concept and Meaning of Monetary Policy
- Objectives of the Monetary Policy
- Differences Between Monetary Policy and Fiscal Policy
- Meaning of CRR and SLR
- Impact of the Monetary Policy
- Measures to Regulate Money Supply
- Meaning of Some Monetary Policy Terms
- The Monetary Policy and IMF
- RBI’s Monetary Policy Measures
- RBI’s Monetary Policy, 2008–09
- Fiscal Policy of India
- Concept and Meaning of Fiscal Policy
- Objectives of the Fiscal Policy
- Fiscal Policy and Economic Development
- Techniques of Fiscal Policy
- Merits or Advantages of Fiscal Policy of India
- The Shortcomings of the Fiscal Policy of India
- Suggestions for Necessary Reforms in Fiscal Policy
- Fiscal Policy Reforms
- Fiscal Policy Statement, 2008–09
- Fiscal Policy—An Assessment
- Conclusions
- Case
- Summary
- Key Words
- Questions
- References
-
6 Economic Trends
- The Indian Financial Systems
- Indian Money Market
- Indian Capital Market
- Call Money Market
- Bill Market
- Financial System
- Structure of the Financial System
- Functions of the Indian Financial System: Promotion of Capital Formation
- The Price Policy
- Price Movement Since Independence
- Objectives of Price Policy
- Prices of Industrial Products
- Control of Expenditure
- Key Words
- Questions
- References
-
7 Stock Exchanges in India
- Concept and Meaning of Stock Exchange
- Types of Financial Markets
- SEBI and Its Role in the Secondary Market
- Products Available in the Secondary Market
- Regulatory Requirements Specified by SEBI for Corporate Debt Securities
- Broker and Sub-broker in the Secondary Market
- SEBI Risk Management System
- Investor Protection Fund (IPF)/Customer Protection Fund (CPF) at Stock Exchanges
- Foreign Institutional Investors (FIIs)
- Functions of Security Exchange Board of India
- Powers of Security Exchange Board of India
- Growth of Stock Market in India
- Key Words
- Questions
- References
-
8 National Income
- Meaning and Definition of National Income
- Concepts of National Income
- National Income Estimates in India
- Methodology of National Income Estimation in India
- Savings and Investments
- Trends in National Income Growth and Structure
- Causes for the Slow Growth of National Income in India
- Suggestions to Raise the Level and Growth Rate of National Income in India
- Major Features of National Income in India
- Difficulties or Limitations in the Estimation of National Income in India
- Key Words
- Questions
- References
-
9 Industrialisation and Economic Development
- Concept and Meaning of Industrialisation
- The Pattern of Industrialisation
- Relative Roles of Public and Private Sectors
- Inadequacies of the Programme of Industrialisation
- Role of Industries in the Economic Development
- Industries During the Plan Period
- Recent Industrial Growth
- Central Public Sector Enterprises (CPSEs)
- Micro and Small Enterprises (MSEs)
- Corporate Profitability and Investment
- Industrial Sickness
- Environmental Issues
- Challenges and Outlook
- Key Words
- Questions
- References
-
10 Foreign Trade Policy and Balance of Payments
- Foreign Trade Policy and Balance of Payments
- Main Features of India’s Trade Policy
- Phases of India’s Trade Policy
- India’s Foreign Trade Policy, 1991
- Major Trade Reforms
- Assessment of the New Trade Policy
- Balance of Payments (BoPs)
- Current Account Deficit (CAD)
- Capital Account Deficit
- Other Non-debt Flows
- Key Words
- Questions
- References
-
11 Poverty in India
- Concept, Meaning, and Definition of Poverty
- People Living Under Poverty Line
- Causes of Poverty in India
- Historical Trends in Poverty Statistics
- Poverty and Inclusive Growth
- Factors Responsible for Poverty
- Measures to Reduce Poverty
- Poverty Alleviation Programmes
- Poverty Alleviation Through Micro-credit
- Outlook for Poverty Alleviation
- Controversy over the Extent of Poverty Reduction
- Case
- Key Words
- Questions
- References
- 12 Unemployment in India
- 13 Inflation
- 14 Human Development
-
15 Rural Development
- Concept, Meaning, and Definition of Rural Development
- Integrated Rural Development
- Important Features of Rural Economy and Rural Society
- Scope of Rural Development
- Interdependence Between Rural and Urban Sectors
- Strategies for Rural Development
- Rural Water Supply and Sanitation
- Women and Child Development
- Challenges and Outlook
- Rural Development: A Critical Analysis
- Key Words
- Questions
- References
- 16 Problems of Growth
- 17 Direct and Indirect Taxes
- 18 MRTP Act, FERA, and FEMA
-
19 Business Ethics
- Ethics and Values
- Relevance of Ethics in Business
- Benefits of Ethical Business
- Importance of Business Ethics
- Values in Business
- Inculcating Values in Management
- Categories of Business Values
- Need for Ethics in Global Change
- Managing Ethics
- Impact of Globalisation on Business Ethics
- Business Ethics as Competitive Advantage
- Business Ethics in India
- Case
- Summary
- Key Words
- Questions
- References
-
20 Corporate Governance
- Definition
- The Need and Importance of Corporate Governance
- Problems of Corporate Governance
- Best Practices in Corporate Governance: An Indian and International Position Review
- The Board—Key to Good Corporate Governance
- Disclosure and Transparency: Partners of Good Governance
- Executive and Non-Executive Directors
- Brief Review of Overseas Development on Governance Issues
- The Search for a New Approach to Corporate Governance
- Code of Conduct for Corporate Governance
- Measures to Improve Corporate Conduct
- Corporate Governance and India
- Challenges Before Managers
- Corporate Governance and Some Indian Organisations
- Regulatory Framework of Corporate Governance in India
- Case
- Summary
- Key Words
- Questions
- References
-
21 Social Responsibility of Business
- Origin and Growth of Concept
- Meaning and Definition
- Definition Through Various Dimensions
- The Need for Social Responsibility of Business
- Social Responsibilities of Business Towards Different Groups
- Barriers to Social Responsibility
- Corporate Accountability vis-à-vis Social Responsibility
- Challenges for Social Responsibility of Business
- Emerging Perspectives for Corporate Social Responsibility
- Social Responsibility of Business in India
- Case
- Summary
- Key Words
- Questions
- References
- 22 Liberalisation
- 23 Privatisation and Disinvestment of PSUs
-
24 Globalisation
- Background
- Views of Scholars on Globalisation
- Studies on Globalisation
- Efforts of Anglo-Americans
- Salient Aspects of Globalisation
- Role of Transnational Corporations (TNCs)
- Concept and Meaning
- Definition
- Features
- Globalisation is Inevitable
- Ten Rules of Global Reforms
- India and Globalisation
- Government’s Measures Towards Globalisation
- Globalisation and Its Impact on the Indian Industry
- Effects of Globalisation
- Pro-globalisation
- Anti-globalisation
- Globalisation—An Assessment
- A Critical Appraisal of Globalisation
- Threats to Globalisation
- Case
- Summary
- Key Words
- Questions
- References
- 25 Foreign Investment
-
26 Multinational Corporations
- Origin
- Meaning
- Definition
- Objectives
- Reasons for the Growth of MNCs
- Favourable Impact of MNCs
- Harmful Effects of the Operations of MNCs on Indian Economy
- Domination of MNCs over Indian Economy
- Liberalisation and MNCs
- Assessment
- Future of MNCs
- A Critique of MNCs
- MNCs Deal a Blow to Domestic Companies
- Case 1
- Case 2
- Summary
- Key Words
- Questions
- References
-
27 India’s Import–Export Policies
- Historical Perspective
- Liberalisation Policy of Exim
- Exim Performance
- Exim Policies
- India’s Exim Performance
- Trade Scenario
- Exports
- Imports
- Export Promotion Measures
- Special Economic Zones (SEZs)
- Agri-export Zones(AEZs)
- Highlights of Foreign Trade Policy (FTP), 2004–09
- Case
- Summary
- Key Words
- Questions
- References
-
28 Special Economic Zones in India
- Concept and Meaning of SEZ
- The History of SEZ
- Definition of SEZ
- SEZs in India
- Benefits from SEZs
- Important SEZs in India
- Features and Facilities of SEZs in India
- SEZ and Export Promotion
- SEZ Policy of India: SEZ Act and SEZ Rule
- Salient Features/Provisions of SEZ Rules
- SEZ Controversy
- SEZs—A Global Overview
- Conclusion
- Case
- Key Words
- Questions
- References
-
29 International Business Environment
- Nature of International Business Environment
- Trends in the World Trade and Economic Growth
- General Agreement on Tariffs and Trade (GATT)
- General Agreement on Trade in Services (GATS)
- International Organisations
- International Monetary Fund (IMF)
- World Bank (WB)
- An Evaluation of IMF–WB
- World Trade Organization (WTO)
- International Finance Corporation (IFC)
- Asian Development Bank (ADB)
- United Nations Conference on Trade and Development (UNCTAD)
- United Nations Industrial Development Organization (UNIDO)
- International Trade Centre (ITC)
- Generalized System of PQuestions (GSP)
- Global System of Trade PReferences (GSTP)
- Case
- Key Words
- Questions
- References
-
30 World Trade Organization
- Background
- Meaning and Agreements
- Functions
- Principles of Trading
- Provisions for Developing Countries
- Other Provisions
- The WTO Agreement
- Liberalising Trade in Goods
- Textiles—Back in the Mainstream Rules
- Agriculture: Fairer Markets for All
- Trade Remedies
- Standards and Procedures
- Administrative Procedures
- Investment Measures
- Disputes Settlement Mechanisms
- Ministerial Meetings
- Trade-related Intellectual Property Rights (TRIPS)
- Trade-related Investment Measures (TRIMs)
- Non-tariff Barriers (NTBs) and Dispute Settlement Mechanism
- Anti-dumping Measures
- Subsidies
- Singapore Ministerial Meeting, 1996
- Geneva Ministerial Meeting, 1998
- Seattle Ministerial Meeting, 1999
- Doha Ministerial Meeting, 2001
- Cancun Ministerial Meeting, 2003
- WTO from 2005 to 2008
- Geneva Package, 2004
- Hong Kong Ministerial Conference, December 2005
- Key Outcomes and Timelines of the Hong Kong Ministerial Declaration of WTO
- Recent WTO Proposals
- Conclusion
- Summary
- Key Words
- Questions
- References
- Glossary
- Acknowledgements
- Copyright
Product information
- Title: Business Environment, 2nd Edition
- Author(s):
- Release date: January 2010
- Publisher(s): Pearson India
- ISBN: 9788131772799
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