NRJBFM - Journal of Banking and Finance Management

Archives Volume-6, Issue-1 (January-June)

Paper Title:: ANALYZING FUNDS MANAGEMENT IN THE PM-POSHAN SCHEME: A FOCUS ON UTTAR PRADESH
Author Name:: Sohan Kumar Phathak
Country:: India
Page No.:: 1-7

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ANALYZING FUNDS MANAGEMENT IN THE PM-POSHAN SCHEME: A FOCUS ON UTTAR PRADESH

Author: Sohan Kumar Phathak

ABSTRACT
A strong financial structure and effective funds management is a base of any successful
scheme launched by the government for the benefits of the society. In India, most of the good
schemes were not implemented effectively due to sound funds management so it is very
important to analyze the financial management of social schemes so that they can benefit the
society for a long time period. PM-POSHAN scheme is one of the most important schemes
launched by the government for the development of the needed children of the society.
The objective of the present research study is to bring some light on funds management of
PM POSHAN Scheme for better economical implementation so that it will work without any
economic hurdle. On September the Cabinet Committee on Economic Affairs (CCEA),
presided over by Prime Minister Narendra Modi, approved a new meal programme known as
the "Pradhan Mantri Poshan Shakti Nirman" scheme (PM Poshan Scheme) for government
and government-aided schools for the following five years. This programme will also include
the current "Mid Day Meal" programme.
KEYWORDS: Funds Management, PM-POSHAN, MDM, Budgetary Allocation,

Paper Title:: INDIA’S FISCAL FEDERALISM: STRUCTURAL DYNAMICS AND INTERGOVERNMENTAL FINANCIAL RELATIONS
Author Name:: Raj Rattan Singh
Country:: India
Page No.:: 8-20

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INDIA’S FISCAL FEDERALISM: STRUCTURAL DYNAMICS AND INTERGOVERNMENTAL FINANCIAL RELATIONS

Author: Raj Rattan Singh

ABSTRACT
Intergovernmental transfers are part of a system of Centre-State fiscal agreements that help in
coordinating fiscal decision-making at the central and state level of the government. Centrestate fiscal relations largely consist of a series of financial transfers from the Union
government to the states, as well as a series of agreements for coordinating and pooling
certain tax bases. This paper aims to examine India‘s present fiscal - decentralisation and
devolution scenario, by focusing on the Centre-State fiscal arrangement. The primary task
here is to understand – what constitutes the intergovernmental fiscal space and its intrinsic
subtleties. Emphasis would be laid on the current scenario and on structures that mark the
relational space between the Centre and the States.
KEYWORDS: Fiscal, Intergovernmental Transfers, States, Tax, Finance Commission,
Grants

Paper Title:: EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND MARKET VALUATION IN SELECTED LISTED TEXTILE FIRMS
Author Name:: Suneeta Agarwal & Vaishali Kudare
Country:: India
Page No.:: 21-32

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EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND MARKET VALUATION IN SELECTED LISTED TEXTILE FIRMS

Author: Suneeta Agarwal & Vaishali Kudare

Abstract
Financial Health, Corporate Performance and Market Price are three very important
parameters for a company and the present study attempts to test the impact of Company’s
financial health & performance on stock prices of textile companies listed on Bombay Stock
Exchange. To determine financial health, Altman Z Score is used; and to determine
Corporate performance six major Corporate Performance Indicators namely, Current Ratio
(CR), Quick Ratio (QR), Return on Equity (ROE), Return on Assets (ROA), Return on
Capital Employed (ROCE) and Earning Per Share (EPS) are used. The study is conducted for
the period ranging from 2010-2011 to 2019and CMIE Prowess is used to collect data for the
study. In this study, Altman Z-Score, Current Ratio, Quick Ratio, Return on Assets, Return
on Equity, Return on Capital Employed and Earnings per share, are used as independent
variables while Stock Returns/Market Price is used as dependent variable. ANOVA was used
to find out the impact of independent variables on Market Price.
Keywords: Altman Z Score, Financial Ratios, Financial Health, Financial Performance,
Capital Employed.

Paper Title:: THE ROLE OF VALUES IN SHAPING THE RELATIONSHIP BETWEEN SOCIO-ECONOMIC STATUS AND SELF-CONSTRUAL
Author Name:: Ashma Nakbi & Sakina Nakbi
Country:: India
Page No.:: 33-40

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THE ROLE OF VALUES IN SHAPING THE RELATIONSHIP BETWEEN SOCIO-ECONOMIC STATUS AND SELF-CONSTRUAL

Author: Ashma Nakbi & Sakina Nakbi

ABSTRACT
For many Indians, valuing the distribution of wealth is a significant part of who they are. As a
result, these values may have an impact on how Indians perceive their own socioeconomic
standing (SES). The current study investigates valuing as a modulator of the link between
self-construal and SES based on this hypothesis. The findings confirmed the hypothesis,
according to which those who report relatively obstructive values have a larger link between
self-construal and SES than people who report generally progressive values. Using both
objective and subjective SES indicators, this outcome was repeated. The present findings try
to reverberate the juxtaposition between self-construal, socio-economic status, values and the
general economic context.
KEYWORDS: Progressive values, Obstructive values, SES, Self-construa

Paper Title:: ACCOUNTING EDUCATION IN INDIA: EVOLUTION AND EMERGING NEEDS
Author Name:: Safiya Bano & Moh. Naveen
Country:: India
Page No.:: 41-45

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ACCOUNTING EDUCATION IN INDIA: EVOLUTION AND EMERGING NEEDS

Author: Safiya Bano & Moh. Naveen

ABSTRACT
The Accounting Education in India had touched the new heights in recent years. Many
students opt this course to make their career in corporate and Government sector. The
accounting profession is an important profession in modern business society. In the era of
Globalization, Accounting education has totally changed and faced new challenges in this
regard. The world Trade Organization reforms call for restructuring of the service sector
including accounting service. Accounting education is given more attention in this emerging
scenario. The Information Technology and the Globalization of Markets are the two other
major governing factors impacting various changes in accounting education. Accounting as a
main subject imparted to the students in Graduation and Post-Graduation level of different
Universities/Colleges of the Country. But many students are not able to make the application
of accounting education in their practical working. The emerging scenario of accounting
education should not be restricted to the traditional accounting rather it should incorporate ECommerce and software based accounting curriculum. This advance and technical accounting
knowledge and skills enable the students to be more professional in career. This paper
presents the needs, trends and career opportunities for accounting professionals in accounting
education. The current work is based on the secondary data collected from journals, research
papers. The conclusion based on evidences shows that accounting education, as a whole is
still in need to reform so that it proved to be more effective in reducing unemployment and to
face the present challenges of global economy in the field of business and industry.
KEYWORDS- Accounting Education, Corporate and Government sector.

Paper Title:: THE ROLE OF INDIAN BANKS IN PROMOTING GREEN BANKING AND SUSTAINABLE DEVELOPMENT
Author Name:: Md Firoz Alam
Country:: India
Page No.:: 46-54

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THE ROLE OF INDIAN BANKS IN PROMOTING GREEN BANKING AND SUSTAINABLE DEVELOPMENT

Author: Md Firoz Alam

ABSTRACT
Indian banks are increasingly integrating environmental responsibility into their financial
operations as part of a broader shift toward sustainable development. Green banking
practices—such as green lending, carbon-neutral initiatives, paperless banking, renewableenergy financing, and environmental risk assessments—have emerged as essential strategies
for aligning financial activities with India’s sustainability goals. This study examines the
evolving role of Indian banks in promoting green banking and evaluates their contribution to
national sustainable development objectives. The research draws upon secondary data from
the Reserve Bank of India (RBI), sustainability reports of major public and private sector
banks, and global green finance guidelines to assess the extent of green initiatives adopted
across the sector. Findings indicate that banks such as SBI, HDFC Bank, ICICI Bank, and Yes
Bank have taken significant steps toward supporting low-carbon growth by introducing
specialized green credit products, adopting ESG frameworks, and funding renewable-energy
and climate-resilient infrastructure. Nevertheless, challenges persist, including limited
regulatory enforcement, inconsistent sustainability disclosures, and low awareness among
smaller financial institutions. Strengthening policy frameworks, expanding green credit
flows, and enhancing climate-risk assessment mechanisms are essential to accelerate India’s
transition to an environmentally sustainable banking system.
Keywords: Green Banking, Sustainable Development, Indian Banks, Green Finance,
Environmental Responsibility, ESG Practices.

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