TITLE

The Relationship Between Age and Income with Financial Planning - An Exploratory Study

AUTHORS

Leena B. Dam ¹ & Malti Hotwani ²

ABSTRACT

Financial Planning is an art with a touch of science to manage one’s own money having the propensity to accumulate for future and simultaneously meet with ease the daily financial requirement. Due to diversification of financial services sector individual investors have wide array of products to invest. Individuals need to be financially literate in order to make realistic financial plans and decide the best suited investment product where the returns beat inflation and wealth accumulation is achieved. This study attempts to analyze the relationship between age and income with financial planning. It also studies whether age and income have a positive correlation with the choice of investment products. Analysis show that majority of individuals have set financial goals. But they are unaware of how to meet their future financial goals. Also investors are not correctly aware of which product to invest in given their age and income bracket.

Keywords: Investment pattern, financial literacy, financial goals, investment portfolio, Individual investor. JEL Classification: JEL: D.

¹ Kunal Crimson, F No 502, A Wing, Near Ambedkar Chowk, Aundh Road, Pune 411020, Email: [email protected]

² RBI Concept paper on ‘Financial Literacy and Counselling Centres

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TITLE

Educational Development Index in Punjab: Inter District Disparities

AUTHORS

Avinash Kaur ¹ & Dr. Rajinder Kaur ²

ABSTRACT

Education is considered as an essential element for the all-round development of the individual. The present study made an attempt to ascertain the inter district disparities in educational development in Punjab for the year 2010-2011. For the purpose of the study, the Composite Index method has been used to calculate the educational development of each district of the state. The study has categorized the districts into four groups highly developed, developed, backward and highly backward districts. The findings of the study prove that the districts in Punjab are marked with wide disparity in educational development. The study concluded that proper steps should be taken to reduce the disparities among the districts of the state by appropriate and suitable measures by the policy makers.

Keywords: Education, Composite Index, Infrastructure, Development, Punjab.

¹ Senior Research Fellow, Department of Commerce, Punjabi University, Patiala.

² Professor, Department of Commerce, Punjabi University, Patiala.

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TITLE

Indebtedness and Financial Inclusion - the alarming Outcome of Commercial Microfinance in India

AUTHOR

Debidutta Pattnaik ¹

ABSTRACT

Debt is good but not the state of indebtedness! It has both qualitative and quantitative implications. Propensity to debt, especially “indebtedness” is a matter of concern. Impact of indebtedness varies both in degrees and dimensions. The state of being in debt (indebtedness) covers both personal and behavioural finance and is blended with positive and negative outcomes. On the positive side, people with easy access to debt have higher chances for financial wellness, provided the money is used for productive gain. The negative outcomes are desertion, distress and depression of the indebted consumers. Many a times, such incidence results in forced migration as observed in the cases of absconding. The extreme end of indebtedness leads to suicidal tendencies often culminating at self-killing! Such unpleasant incident potentially affect the present as well the future of a person. Sometimes the shock of indebtedness cascade down to a couple of generations. Therefore, provision of debt must be preceded by sound financial education, especially among the poor and ignorant consumers. Credit service providers to the poor cannot simply rely on “disclaimers”. They have to go the extra mile in ensuring that, all their clientele have sufficient financial education and are therefore capable of making matured and informed decisions. However, in the present context, the Industry looks widely commercialized, and therefore, such amenable services is a distant reality though not an impossible dream!

Keywords: Debt, Indebtedness, microcredit, microfinance, financial literacy, financial inclusion

¹ Co-founder and Managing Director, Pragati Marg Foundation, (A Sec. 8 Co. as per Indian Companies Act, 2013)

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TITLE

Study of Effect of Demographic Factors on the Usage Information Communication Technology by Teachers of Government and Private Schools of Indore

AUTHOR

Achal Hardia ¹

ABSTRACT

Past few decades have witnessed extensive use of computers in many areas of our life on a daily basis. One of such area is teaching and learning process in schools. Today computers are extensively used for teaching, learning, examination, result declaration, attendance management and office administration in schools. The use of technology, particularly information and communication technology, to support learning promises much. This technology provides the learners with an environment that allows them to distribute their studies in terms of place, time and pace, and most importantly, the ICT gives teaching staff more opportunities to actually communicate with students than just face-to-face. This study aims at identifying the usage of ICT in school education and its impact on the teaching and learning especially in government and private school’s of Madhya Pradesh especially in Indore district.

Keywords: ICT, Government Schools, Private Schools, Teaching and Learning, Demographic variables.

¹ Ph.D. Scholar, Ravenshaw University

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TITLE

Employees’ Engagement Vis-a-Vis Family Friendly Initiatives of Organization: A Study of Selected Banks in Shimla City of Himachal Pradesh

AUTHORS

Poonam Kaushal ¹, Dr. Jai Singh Parmar ² & Sakshi Sharma ³

ABSTRACT

Employee engagement has emerged as an important issue in the area of Human Resource Management. Highly engaged employees can make a substantial contribution to their organization. Disengagement of employees may have a negative impact on the organizational performance. Keeping this fact in view, through the present study an attempt has been made to understand whether a relationship exists between employee engagement factors and family friendly initiatives initiated by the selected banks. The study was conducted among the employees of Punjab National Bank (PNB) and United Commercial Bank (UCO Bank) of Shimla city of the state of Himachal Pradesh. A sample of 76 employees was selected and the data thus collected have been analyzed with the help of SPSS 16. In order to analyze the data the statistical tools viz. Pearson correlation coefficient and Independent sample t-test were used. The study revealed a positive and significant relationship between informal friendly initiatives and employee engagement factors.

Keywords: Employee engagement, vigor, absorption, dedication, formal friendly initiatives, informal friendly initiatives.

¹ Research Scholar, Himachal Pradesh University Business School, Summer-Hill, Shimla, Email: [email protected]

² Professor, Himachal Pradesh University Business School, Summer-Hill, Shimla, Email: [email protected]

² Research Fellow, Himachal Pradesh University Business School, Summer-Hill, Shimla, Email: [email protected]

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TITLE

Loan Portfolio Analysis of Microfinance Institutions - A case study of SKS Microfinance Limited

AUTHOR

Mukti Kumar Nanda ¹

ABSTRACT

The primary income generating assets of any financial institution are the loans sanctioned to the borrowers. Therefore, it is imperative that these assets should perform to its best else the institution cannot be sustainable. As the microfinance institutions provide collateral free loans to millions of poor people across the country, the possibility of non-recovery of interest and principal is very high. This paper aims to study the asset quality of SKS Microfinance Limited by analysing the loan portfolio over a period of 10 years from 2005-06 to 2014-15. The paper finds the asset quality of SKS microfinance to be very good despite the Andhra government ordinance. The proportion of standard assets in the total loan portfolio is excellent. The low PAR>30 days, low write-off ratio, low provision expense ratio and low NNPA are all suggesting a sound asset quality of the microfinance institution under study.

Keywords: GLP NBFC, MFI, JLG, PAR, NPA

¹ Ph.D. Scholar, Ravenshaw University

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