Apr'19

The IUP Journal of Management Research

Focus

Businesses today face serious challenges as they take a step forward through unprecedented economic uncertainty, and further, with the advent of strategic tools in management process, it is evident that a new approach towards the business problems becomes imminent. The bottomline is that digital innovation has disrupted the whole business landscape and thus, the old case studies are no longer relevant to replicate and solve identical problems in the changing times. Following this spirit, many upcoming scholars are devoting their attention to the emerging trends in the business world with a critical mindset. The current issue makes an attempt in this direction by focusing on contemporary challenges faced by the business organizations in the light of macroeconomic developments.

The story of Indian economy in the post-independent era has been a saga of ups and downs in tune with various external and internal factors. Adding a new dimension to the existing literature, the study of monetary policies in relation to exchange rates is an interesting element of this issue. In the first paper, “The Relation Between Policy Rates and Exchange Rates: An Indian Perspective”, the authors, C N M Lavanya and Shivappa, throw light on the relationship between policy rates like repo and reverse repo rates, in addition to the Marginal Standing Facility (MSF) rates in the light of changing global scenarios, to bring out the intricacies of policy making. By taking insights from policy rates, the authors attempt to examine how during the period 2011-2016, the different dynamics influenced the exchange rate fluctuations. The findings of the paper go a long way in providing directions to the policy analysts.

Any attempt to sustain the business in the volatile business cycles in the wake of changing customer preferences is to be based on certain strategic policy imperatives and it becomes more evident in the case of Farmer Producer Companies (FPCs). In the second paper, “Financial Sustainability: A Study on the Current Status of Farmer Producer Companies in Northeast India”, the authors, Shivam Kakati and Arup Roy, study for the first time the business models followed by FPCs operating in Northeast India from the business viability angle. The core financial indicators like economic performance, bankruptcy, working capital flows, net financial liabilities, asset sustainability, and cash flow from operating activities are considered in this paper.

In-depth study of agro-based industries like poultry farming which create tremendous work engagement in the rural economy by engaging the unorganized labor force is another step towards improving the understanding about the agro industries, leading to a new direction in policy making. In the third paper, “Non-Contract Broiler Poultry Farming in Visakhapatnam District: Problems and Profitability”, the authors, Sabbineni Poojitha and Rajeshwari Panigrahi, bring to the limelight some of the problems faced by the non-contract poultry farmers in Visakhapatnam district of Andhra Pradesh. The study suggests a cooperative model to help the farmers overcome these constraints. Further, it highlights that financial support needs to be extended to them to help them progress.

The concept of universalizing the life insurance coverage without any discrimination has become an interesting topic of research in recent times. In the last paper, “Universalization of Life Insurance Scheme: A Feasibility Study”, the authors, Manu Jain and Lalitagouri Kulkarni, present the concept of extending life insurance coverage to the vulnerable sections of Indian population by debating the viability of the existing schemes. This is another good piece of research as it goes a long way in identifying the loopholes in the system.

- Radha Mohan Chebolu
Consulting Editor

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Article   Price (₹) Buy
The Relation Between Policy Rates and Exchange Rates: An Indian Perspective
50
Financial Sustainability: A Study on the Current Status of Farmer Producer Companies in Northeast India
50
Non-Contract Broiler Poultry Farming in Visakhapatnam District: Problems and Profitability
50
Universalization of Life Insurance Scheme: A Feasibility Study
50
       
Contents : (Apr'19)

The Relation Between Policy Rates and Exchange Rates: An Indian Perspective
C N M Lavanya and Shivappa

There is an inextricable link between money market and foreign exchange (forex) market. The policy rates of India consist of the repo and reverse repo rates, in addition to the Marginal Standing Facility (MSF) rate and bank rate. This study examines the changes (hike/reduction) in policy rates against the backdrop of the prevalent global and domestic scenarios. It also maps the changes in spot rates of Indian Rupee-US Dollar (INR-USD) and Indian Rupee-Euro (INR-EUR) and the forward premium/discount of 1-month USD for the time period January 2011 to September 2016. It elaborates the spread analysis for the repo rate and reverse repo rate on the one hand, and MSF rate and bank rate, on the other. The repo rate has a high degree of correlation with reverse repo rate and a moderately high degree of association with MSF rate. Bank rate and MSF rate have been closely aligned for some time now.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

Financial Sustainability: A Study on the Current Status of Farmer Producer Companies in Northeast India
Shivam Kakati and Arup Roy

This paper assesses whether the Farmer Producer Companies (FPCs) of Northeast India are financially healthy and will continue to work in the foreseeable period. The study analyzes financial sustainability of four FPCs based on their economic performance, bankruptcy, sustainable growth, net financial liabilities, asset sustainability, auditors’ comment on CARO items, Working Capital Cycle (WCC), and Cash Flow from Operating (CFFO) activities. The study included only those companies which were operating for more than two years and had published their reports to Ministry of Corporate Affairs, India. The study used secondary data collected from the website of Ministry of Corporate Affairs, India, for the financial year 2015-16. AAPCL and YMPCL are found to be financially sustainable, while GSPCL and BTPCL might face survival issues in the near future. GSPCL could be considered moderately financially unsustainable, while BTPCL has high chances of nearing bankruptcy in the near future, if the management does not try and solve their financial problem.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

Non-Contract Broiler Poultry Farming in Visakhapatnam District: Problems and Profitability
Sabbineni Poojitha and Rajeshwari Panigrahi

The present study is undertaken to identify the problems and the profitability of non-contract poultry farmers in Visakhapatnam district of Andhra Pradesh. Data is collected from 40 non-contract farmers in Visakhapatnam district using snow ball sampling technique, and it is a descriptive research. Primary data is collected for the study through interview using a pretested questionnaire. The questionnaire consists of open-ended and closed-ended questions. Likert scale is used for quantifying most of the qualitative variables, and detailed costing information is collected through open-ended questions in the form of cost sheet. The data collected is tabulated and analyzed statistically by using Likert scale, mean value analysis, one-way ANOVA, Friedman rank test, correlation, multiple regression and Structural Equation Modeling (SEM) techniques. Among the constraints identified, unavailability of chicks was the major constraint, followed by lack of insurance, cost of labor and labor problems, lack of government support, high price of raw materials, inadequate financial support due to the high risk associated with the business, and delay in payment by retailers/wholesalers.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

Universalization of Life Insurance Scheme: A Feasibility Study
Manu Jain and Lalitagouri Kulkarni

This paper studies the possibility of introducing universal benefits of life insurance for whole population without any discrimination or discretion based on age, occupation or physical variation. However, the financial burden or aggregate cost to government for equal benefit for every individual needs to be considered. This paper explains the concept of cash value of life insurance based on mortality and age of the population and presents an argument and approach for universalization of life insurance scheme.


© 2018 IUP. All Rights Reserved.

Article Price : Rs.50

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