Suchergebnisse

The core purpose of publicly funded Higher Educational Institutions (HEIs) has been to extend the frontier of knowledge and cutting-edge quality research across disciplines. Accordingly, the HEIs should be such that can tackle social and economic questions and impact public policy. Interestingly, for attaining the desired and meaningful outcomes, HE funding should be accompanied by a corresponding development of faculty capabilities, including nurturing a vibrant academic culture and placing an emphasis on quality research. Moreover, every HEI should develop an institution-based research thrust across disciplines as envisaged in the New Education Policy, 2020.

Indian direct tax collections have remained sluggish over the period coupled with the lesser tax buoyancy have compelled the government to collect revenues from the untapped or under-tapped sources to finance the galloping expenditure such as the health and defence. To achieve the fixed money value targets the taxmen have been putting excessive pressures on the taxpayers who have created a panic, likely to tantamount to infamous tax terrorism and tax disputes have arisen blocking substantial tax revenues in litigations. Taking this in to cognisance the government has attempted to rationalise the tax system by introducing tax amnesty scheme such as the Vivad-se-Viswas and by launching a Faceless Assessment Scheme (FAS) and tax charter, which is likely to address the tax disputes significantly. To increase the revenue, the best approach for the government is to broadening the tax base, reducing the tax rates, rationalising the tax system, formalising the unorganised sectors and by enhancing the lower household incomes substantially in lieu of serving notices to the non-filers is the need of the hour. JEL Codes: E62, H25

The successful integration and development strategies of East Asia and Southeast Asia in the forms of regional integrations such as the ASEAN have motivated to convert these into mega regional groups that is, the formation of the regional comprehensive economic partnership (RCEP). RCEP has remained under discussion in the political forums since 2012 which had reached its crucial phase but India had refused to sign the pact in the Bangkok summit on 4 November 2019. India's decision to pull out from the RCEP has likely protected her domestic sectors from the Chinese aggressive dumping, but it could adversely impact foreign investments and bargaining powers with the United States and the European Union in the short run. JEL Classification Codes: P25, R11

The Union Finance Minister on 20 September 2019 announced the highest corporate tax rate cuts in the last 28 years as a level-playing field for both the existing and green-field firms for turning around the sluggish economy. The stimulus package, notwithstanding, has likely to accelerate the demand in the short run, but to increase the fiscal deficit inasmuch, the government would increase its spending through borrowings, which could lead to fiscal slippage. Instead of excessive dependence on the fiscal measures, the government should initiate economic and judicial reforms for accelerating the growth and improving doing business in the country.

The study attempts to assess the relevance of accounting theories by adopting a cross-sectional research design through survey from randomly chosen graduate and post-graduate commerce students of Tripura, a north-eastern Indian state. Based on the literature research, hypotheses and a model are formed; the reliability and validity of the instrument is checked before the final survey. The inferential statistics indicate likely to conclude that pedagogy impacts perception on accounting theories which in turn influence practices, accounting standards, financial statements, and accounting researches. It acknowledges few limitations; practice implications and policy importance are indicated and draw a roadmap for further studies.

The study has been motivated to assay the selective stakeholders' perceptions on whether the government financial audit has been converted into forensic audit. Adopting a cross-sectional study design with survey strategy through a self-administered interview schedule with a 50-item inventory, data has been collected from randomly chosen 120 sample respondents having equal representations from two groups—current and retired government employees and businessmen of Tripura. The significant statistical results have concluded that corruption and accounting slacks have important impacts on the government audits, and the latter if used in an appropriate manner are likely to detect frauds and catalyse in bringing accounting reforms.

Superintendence, direction and control of preparation of electoral rolls for, and the conduct of elections, to Parliament and state legislatures and elections to the offices of President and Vic-President of India are vested in the Election Commission of India. It is an independent constitutional authority set up in pursuance of Article 324(1) of the Constitution of India. The literature on corporate governance and various codes emphasis that the Board of directors should provide direction to the company, evaluate and approve strategies, appoint and remove the chief executive officer and decide the compensation for him and other members of the top management. Model elections as well as good governance of Boards cannot be fully ensured by external legislation alone but has to build overtime and best set for success lies in building a climate of trust and candor in the ECI / Board to share important information with observers and directors in time, introducing measures for evaluating ECIs and Boards performance in terms of integrity of Micro Observers and Independent Directors, quality of them, degree of knowledge and personal relationships. The government expects Independent Directors to bring an independent judgment to bear on the Boards deliberations especially on the issue of strategy, performance; risk management, resources, key appointments and standards of conduct and bring an objective view in the evaluation of performance of Board and management. Similarly ECI assumes that the micro observers will ensure free and fair election and they will act like an ear and eye of the election commission and ensure the entrusted great responsibility with upmost care. This paper trys to bring out the similarities of modus operandi between the Micro Observers and Independent Directors and the challenges cropping up in the changing socio, political, economic, eventual and technological environment of India.