Corporate Dividend behaviour has been a subject of study for a long time. The subject has been extensively researched both in India and abroad. An important aspect of research of the subject has been to find out the applicability of various theoretical models the Lintner’s study, (1956) based on 40 companies, is considered to be one of the most appropriate model which explains the subjects. However, Brittain(1966) tried to make an improvement in Linter’s model by including and cash flow and explicit depreciation in Lintner’s model, although a few studies have been conducted to find out the applicability of these two models. But there have been no conclusive results. This paper examines with the help of impirical data of the cotton textile industry in India. In this paper an effort has been made to evaluate the two models with the help of empirical data relating to cotton textile industry in India.

The global financial scene is witnessing a substantial change and Indian financial sector is influenced by these developments. Banks are on the urge of major changes where the single largest force behind this transformation is information technology (IT) which further intensifies competition, better efficiency of operations, risk management etc. In India, technology is at its infancy in banks that need to be upgraded with the integration of technology with general banking functions. The first and foremost set of application of IT that could benefit from technology advances, relates to payment system. Traditionally, payments were made in cash but now various electronic based payments through ATMs, Cards, EFTs, ECS etc have been slowly making their appearance. In e-banks, the whole business is conducted electronically but most of our PSBs are still not using technology at optimum level. Due to the technology advancements efficiency of the banks have improved especially with quality improvement, timely delivery of services at affordable cost. Therefore, the forces of globalization and technology have resulted in increasing integration of economy’s across the world and customers have become more aware and hence expect more. Due to this, banks are facing much competition to survive in the market. Now only the customers determine your business value in the market. So, if the banks are concerned with what the customers want, when they want and how, use of technology becomes inevitable.

We propose the marriage of financial portfolio analysis and the tenets of environment conservation as an alternative means to the traditional Economic Cost-Benefit Analysis in harmonizing the needs for economic growth and environment protection. A theoretical framework is developed visualizing the overall environment as an envelope containing distinctive factors and a simplified Markowitz-Roy schema is used to optimize the environmental portfolio. By using imaginary numbers, we give a brief exhibition of how the resources may be apportioned to various projects that interact with the environment. However, we humbly realize the shortcomings of man-made theory in completely capturing a full and final methodology that can preserve the natural bestowment and assure a pathway to economic glory at the same time.

In the past several decades, micro finance came to be recognized as an effective poverty reduction strategy through providing the poor with necessary financial services It is estimated however, that about 80% of those who are in need of financial resources, about 400-500 million people worldwide are yet outside the mainstream of formal financial systems. This situation raises serious equality concerns, since it disproportionately affects the poor and people living in rural areas. The situation in India is grim and in fact India is late starter in this field. Despite the significant growth and poverty reduction records that India has achieved during the past decade, the country still has a long way to go, specifically with respect to rural poverty. Within this context, the Self-Help Groups (SHG) movement in India, and particularly the SHG-Bank Linkage Programme (SBLP) of the National Bank of Rural and Agriculture Development (NABARD), presents itself as a rich experience. The programme also provides a model of cooperation between NGOs and banks that is claimed to build on the value added of both of them. Moreover, it rediscovers the role of agricultural development banks, which has been, long ignored in micro finance thinking despite the extended, but yet under-utilized, network of these banks in many developing countries .In this paper, an attempt has been made to examine the structure if Indian rural financial market, its formal, semi-formal and informal structure, different institutional arrangements to micro financing with special focus on SBLP, and appraisal of the role of RBI also has been appraised.

The trend of automation especially, Dematerialization, has enabled the Indian Capital Market to take the world’s center stage and scale unprecedented heights. Securities market in India has grown exponentially as measured in terms of amount raised from the market, number of stock exchanges and intermediaries, the number of listed stocks, market capitalization, trading volumes, turnover on stock exchanges and investors population. The services offered by the Depositories like Pledge and Hypothecation, Account Transfer, Stock Lending and Borrowing, Nomination, Tax Information Network (TIN), Speed-E, Internet – based Demat Account Statement (Ideas), Securities Trading Information Easy Access and Delivery (STEADY), etc bear testimony to the fact that it is perpetually progressing by leaps and bounds, thereby elevating its status to internationally acceptable standards. The analysis of the progress of National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) in economic terms clearly reveals that both the depositories have shown a remarkable progress in terms of Demat Accounts, Demat value and quantity, Settlement value and quantity and the number of Depository Participants. In spite of its late emergence, the growth at CDSL is almost at par with that of NSDL.The exponential spurt in demat Accounts, both at NSDL and CDSL (i.e., about 100,000 demat accounts as on 30-6-06) reaffirms the increased reliance of the investors on the depository System. In this study, an attempt has been made to evaluate the overall progress of the depository system in India and its impact on the market capitalization over a period of six years.

These days the IT business has to take care of quick and dependable alterations because of the severe competition and performance in the prevailing electronic economy. To meet these challenges, organizations are seriously considering outsourcing of their information systems activities as an attractive option. Punjab is one of the richest states of India and it is a hub of trained manpower. This ensures the success of IT outsourcing industry in Punjab. Moreover Punjab has built confidence with its customers during this IT revolution.

Initiated by the economic reforms launched in 1991, today India is in a transition to a more developed and open economy. The reforms have ended the ‘License Raj’. The entry of private enterprises into the reserved sectors for the government enterprises has created competitive pressures on existing state-owned units to perform better. The services sector has also helped the Indian economy in the capacity to adjust to liberalization and globalisation trends. In line with the global trends, the services sector in India is growing rapidly and the share of services in India’s GDP has increased to around 60 per cent. The services sector play in the Indian economy unusually large role in comparison to other countries at similar stages of development. Services have strengthened India’s economic performance through their linkages with other sectors of the economy. Most of the rapid growth has been in the information technology and business process outsourcing services. The telecommunications, financial sector, retailing and infrastructure industry have also shown an encouraging high growth trend. Additional opportunities will emerge over time as the reforms bring liberalization and deregulation in other protected sectors as well. The present paper outlines the success story of India’s services sector and the fruits which it has reaped in the last few years.