The transition from Companies Act, 1956 to Companies Act, 2013 has been an eventful
one as several bills and committees have deliberated on the impact of global corporate law
jurisprudence on Indian corporate houses, Australia, UK, and the European Commission, In terms
of global competitiveness, the new Companies Act has important provisions that are unique to
India. Some of the game-changing provisions include mandatory women directors, corporate social
responsibility (CSR), audit reporting requirements and One Person Company, and most
importantly there is change in accounting practices namely changes in asset accounting techniques.
Business and investors have at times expressed their concerns about the practical aspects of
applying due Companies Act However, they have also shown confidence in the system due to
induction of some of the world-class best practices and have welcomed the changes as an attempt to
restore the appeal of Indian business and doing business in India. Regulatory checks,
accountability and governance standards in India have received a serious boost with the
introduction of new concepts. This paper will help to give an idea about the awareness and opinions
of practitioners regarding the changes in Companies Act 2013.
Now a days, due to modernization the inherent old culture has been extinct from our
country. Varanasi is one of the historical cities which is holding up the historical as well as spiritual
value of India. Based on the data collected from institutional records and questionnaire, this paper
presents the study on the old building forms of Chausatti Ghat and Bangali Tola in Varanasi. More
specifically, it looks at the urban and architectural forms of some old buildings. In order to achieve
the objectives of the present study, in-depth qualitative survey method is used to know the history and
architectural form of the residential buildings. Photographs and field notes, therefore, have
strengthened the methodological background. It finds that old buildings, aged even in between 200-
300 years, exhibit a few typical features.
Impact of REPO Rate on Inflation In India: [PP 17 - 28]
Repo or repurchase transaction is a collaterized lending i.e. banks borrow money from
Reserve Bank of India to meet short term needs by selling secuirities to RBI with an agreement to
re-purchase the same at predetermined rate and date. Here we are taking repo rate as a specific
part of this monetary policy. On the olther hand, inflation occurs when general price level is rising.
In this field we want to develop the relationship between repo rate and inflaion. Basically, the main
thing is to observe that how repo rate is depend on inflation. Here, we have used secondary data
over the years. Using some statistical tools we have got that repo rate is positively dependent with
inflation. In this study we also test our observed value in 99% confidence level. The result is that
repo rate is positively related to inflation at 1% level of significance.
Demonetization of 2016 and its Impact on Indian Economy:
Demonetization is the act of cancelling currency units of its status as legal tender. It occurs when
there is a change in national currency. The Current form or forms of money is removed from circulation
and replaced by new notes and coins. On 8th November, 2018, Indian Government announced demonetization
of Rs. 500 and Rs. 1000 note and new notes of Rs. 500 and Rs. 2000 will be introduced. The Government of
India claimed that it will reduce terrorism, use of black money and other illegal activities.
This article aims to find out the impact of demonetization on Indian Economy. According to RBI report,
Rs. 15.31 lakh crore returned to banking regulator which is higher than Rs. 10 lakh crore that the government.
This demonetization Prime Minister Modi’s attempt to use bribery so that India may shift toward digitalized money
transfer which is more traceable and taxable. However this game of demonetization of making India
digitalized country was short-lived. People like vegetable sellers or the gardener or the person who
works in our house always prefer and happier using cashes than digitalized payments. There was also a
huge loss of business as there was a lack of capital in the formal market. Due to decrease in consumption
function, the demand for domestic commodities fell down. The GDP fell from 9.2 in January, 2016 to 6 in
March, 2017. Though some factions may criticize the move as a bad decision and a jolt on economy;
nevertheless, it was necessary considering naxal funding, terror funding and unaccounted money that was
circulating in Indian markets.
Employment in the public and organized private sector:
In this project we explained about the formal and informal sector of the Indian economy. We all know that in our country there are so many sectors contributing to our Indian national income and per capita income. So, in the sense we can say that our country has a studious growth in the employment of many sectors. So, in this project the employment in the public and organized private sector’s growth has been given. We explained the data and interpretation and the methodology.
Editor-in-Chief : Dr Ruma Bhattacharyya, Principal BKGC Howrah