Wage and Salary administration has an important bearing on workers, organisations, government and society. The mechanics of wage determination based on the element of adhocism has been the source of legitimate concern and anxiety to the workers. This mechanism, apart from being adhocistic in nature is also based on the principle of irrationality and other unscientific factors. Wage differential also exist on the basis of sex, region and other such artificial considerations. The present book highlights all these problems relating to wage and salary administration and suggests suitable remedial measures to remove these defects and also suggests a rational policy in this regard. This study will prove useful for researchers, management professionals, and policy planners besides the labour organisations.

Public Finance and Tax Planning is organised in three part consisted of 25 chapters. The first part of the book deals with the public finance. It makes an in-depth study of the finances of the union, states and local government, the financial relations between the union states, recommendations of different Finance Commissions and the devolution of funds from the union to states. Likewise, a detailed study of public expenditure has been made to get an idea of needs and resources of different set of governments in our country. The Second part of the book is devoted to the detailed study of taxation imposed by the central, state and local governments. Chapters on taxation seek to examine different aspects of taxation including a detailed study of incidence and shifting. The third part of the book is devoted to tax planning, which is an important component for managing resources of the organizations. The book is designed to incorporate almost all important aspects of public finance, taxation and tax planning so that it proves more useful to students in commerce, economics and business management, professionals like Chartered Accountants, Cost and Work Accountants, Business Managers and others who are interested in the study of Finance and Tax Planning.

The Indian mutual fund industry has witnessed major transformation and structural changes during the past one and decade as a result of policy initiatives taken by the Government of India to break the monolithic structure of the industry in 1987 by permitting public sector banks and insurance corporations to launch their own funds. Later, in 1993, the Government also permitted the private sector to enter into the mutual fund business. Thus, when 36 mutual funds manage a whopping Rs.1, 01,821 crore in 417 schemes, with an investor base of 2.3 crore, it is vital for both the fund managers as well as investors to know as to how the mutual funds have performed over the years. The present study examines the investment performance of mutual funds during the five-year period from April 1, 1994 to March 31, 1999. The study also investigates the market timing abilities of Indian mutual fund managers. It also examines the structural changes arising in the Indian mutual fund industry during the period 2987 to September 30, 2001. The book, thus, attempts to answer the following important and pertinent questions: . Are risk-return characters tics of mutual fund schemes in conformity with their stated objectives? . Have the Indian mutual funds been able to achieve benefits of diversification? . Do mutual fund managers possess superior stock selection skills? . Have the fund managers been able to beat the market? . Is the legal framework within which mutual funds operate sufficient for the healthy growth of the industry? The book will be useful to researchers, students of MBA (Finance), MFC, and M.Com. and other post-graduate students specializing in finance, to policy makers and market regulators, to investors and mutual fund managers.

Indian commercial banks under the direction of RBI, through reluctantly, have canalised their resources towards the neglected sector of the economy which include agriculture, small scale units, village and cottage industries, transport operators, educated unemployed youth, persons belonging to other segments of the economy. Indian Commercial Banks have re-oriented their operations, policies and procedures under the perfect guidance of RBI in order to distribute their resources to help realise a balanced regional economic growth in the era of modernisation and total quality control. Profile of Operational Districts of Jammu Divisions; Historical Development and Process of Commercial Banks in Jammu and Kashmir; Commercial Banks and Economic Growth; Sector-wise Analysis of Priority Sector Outstanding Advances; Analysis of Factors Affecting Priority Sector Over dues; Problems Relating to Branch Expansion, deposit Mobilisation and Financing; and Conclusion and Suggestions etc. are the contents of this book. Profusely supported by data, the findings of this work will prove informative and useful for researchers and academics besides the policy planners and personnel in banking industry.