IOSR-JEF   Volume-3 ~ Issue-3

Abstract: The objectives of the study in a nutshell are as follows (1) To analyze the basic concept of SEZ in Indian Economy, (2) To analyze the impact of SEZ on Indian Economy, as a whole. (3) To find the impact of SEZ on Rural India. (4) To find the drawbacks, if there, of implementing SEZ in India. This study aims at examining the impact of Special Economic Zones (SEZs) on human development and poverty reduction in India. It identifies three channels through which SEZs address these issues: employment generation, skill formation (human capital development), and technology and knowledge upgradation. the relationship between poverty and employment lies in the extent to which income generated from employment permits workers and their dependants to obtain goods and services necessary to meet minimum needs. Poverty reduction thus calls for the creation of remunerative, regular and good-quality jobs in the labour market. SEZs, if promoted vigorously can therefore act as an initiator in the process of human development and poverty alleviation in India. The role of SEZs in human capital formation appears to be relatively limited. Most SEZ units impart on-the-job training to their workers.
Keywords: Special Economic Zone (SEZ), local employment, Land ownership, Economic impacts.

Abstract: Wome are neglected half in Indian society and women is always given secondary treatment. Hence, gender justice is a significant and challenging research area in the new world. Gender justice is based on social and economic environment credited through infrastructure economic provisions as well as opportunities give to women for development. Gendr justice is aimed to empower women not only throw microfinance and self help groups but also through the development of new schemes for women's all-round development in the various fields of national life, such as agriculture, industries and education. Analyzing programmes, strategies, interventions and policy initiatives from the perspective of their impact on status of women as reflected in important macro indicators like literacy, maternal mortality rate (MMR), participation in work force, e.g. analysis of substance and content of various interventions directed at health of women and correlate the same with indicators like MMR to establish need for corrective action in formulation of scheme/ approach.
Keywords: Central budget, Gender justice, religious communities, Budgets garner resources.

Abstract: Since 1951, India has fully-fledged as a planned economy. The first few plans focused on growth with strengthening of the manufacturing and industrial sector to form the backbone of the Indian economy. Other principal areas of planning were agriculture, poverty alleviation, employment generation, social development etc. Back in 1991, India saw itself battling its most critical economic and currency crisis ever, but after economic reforms and adopting the policy of LPG (Liberalization, Privatization, and Globalization) Indian economy performed well. Then again due to global financial crisis in 2008 Indian economy again interrupted and going through another turbulent phase. This paper analysis Indian economy from 1991-2013.
Key words: Indian Economy, Economic crisis, Global financial crisis.

Abstract: The past decade has witnessed the multiple growths in the volume of international trade and business due to the wave of globalization and liberalization all over the world. As a result, the demand for the international money and financial instruments increased significantly at the global level. In this respect, change in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes in the macroeconomic factors have even threatened the very survival of business world. It is therefore essential to develop a set of new financial instruments known as derivatives in the Indian financial markets, to manage such risk. The basic purpose of these instruments is to provide commitments to prices for future dates for giving protection against adverse movements in future prices, in order to reduce the extent of financial risks.
Keywords: Bombay stock exchange, Derivatives, Exchange rate, Forward, Futures, National stock exchange, Notional value underlying asset, Options, Risk management, Swaps.

Abstract: The present study is a modest attempt to analyze the socio-economic impact of bank advances on beneficiaries. Beneficiaries were selected from Union Bank of India's branches at Dharwad District. The sample size of 300 beneficiaries was selected on the basis of stratified random sampling method. Data was processed and tabulated using Microsoft Excel-2007 software, then the data were analyzed with reference to the objectives and hypothesis by using differential analysis like chi-square test, unpaired t-test and one way ANOVA by using SPSS 16.0 statistical software and the results are obtained. The study found that, there has been a considerable change in the net income of the beneficiaries from advances..

Abstract: Microfinance is the array of financial services, including loans, savings and insurance, available to poor entrepreneurs and small business owners who have no collateral and would not otherwise qualify for a standard bank loan. Most often, microloans are given to those living in still-developing countries who are working in a variety of different trades, including carpentry, fishing and transportation. However, the paper makes use primary data and questionnaire were distributed to fifty (50) staff of AB microfinance bank, Ikeja branch, Lagos state and fifty (50) selected small and medium scale enterprises in Ikeja metropolis, Lagos State, Nigeria and Spearman's rank correlation coefficient was adopted as the estimation techniques.

Abstract: The paper vividly takes a look at the implementation of computerized banking monitoring system in Nigeria banking industry using Zenith bank Nigeria Plc as a case study. Moreover, Computerized banking monitoring information system in Nigerian banking industry is one of the ways the bankers try to reduce fraud and some other irregular activities in transferring cash online. However, the paper makes use of primary data of questionnaires analysis that were distributed to one hundred and fifty (150) staffs of Zenith bank Nigerian Plc. Three hypotheses were tested using spearman's rank correlation coefficient and the result shows thatthe lacks of security on the current automates system has a significant effect on internet banking services and the cost of implementing computerized banking monitoring information system has a significant effect on Zenith bank Performance in Nigeria banking industry.

Abstract: The validation of a credit risk scorecards is very important. Lenders therefore need a proper validation methodology to convince their supervisors that their credit scoring models are performing well. In this paper we propose a simple validation methodology by using bootstrap. We compare this methodology by applying it to a default model of microfinance credit scorecard. Keywords: Bootstrap, Microfinance, credit scorecard