The study analyses the financial management practices adopted by modern rice milling firms in the Kangayam cluster of Tamil Nadu. For study, 40 firms were selected using simple random sampling method and data were collected through personal interviews with the owner / managers of the firm using a pre-tested interview schedule. The data pertaining to the financial performance were obtained from the records maintained by the firms for three financial years, from 2011-12 to 2013-14. The factor analysis and multiple regression analysis were carried out. Significant differences among the fully and partially modernized rice milling firms have been observed in the preparation of cash budget, setting-up credit policy, preparation of inventory budget and review of inventory turnover, capital budgeting in investment analysis and accounting practices. The measures of financial management practices explained 58.4 per cent (R-squared value) of the variation in the profitability measure return on equity.
Forests are renewable resources that contribute significantly to economic growth. The economic contribution by forest is through the valuable commodities including wood, paper and non-timber forest products. One among this is timber, it has been the primary material for house construction and furnishings of all kinds over the years. Timber plays a vital role in international trade in India. This study was focused on finding growth pattern in export and import of timber using Compound Annual Growth Rate (CAGR). Over the period of 2005-2019, the production of timber has been increased at the rate of 0.07%. The import performance was dominant over the export due to over requirements of raw materials. Although export showed positive growth rate at 0.15%, import of timber shot up at 4.09% from 2005-2019. Therefore, it is necessary to introduce adequate due diligence system to meet domestic demand of timber production in India.
This paper attempts to analyse the perceptions of Specialist officers (Agriculture) towards Agriculture credit in public and private sector banks in Tamil Nadu. Among different zones in Tamil Nadu, Coimbatore zone was selected purposively for this study, because of its representation of maximum number of branches and credit activities. Purposive sampling of 150 Specialist officers (Agriculture) from various public sector banks and 51 Specialist officers (Agriculture) from private sector banks were selected for this study. In case of crop loan, about 91.35 per cent of Specialist Officers (Agriculture) from Public sector banks were satisfied with the disbursement of credit based on scale of finance as against 78.42 per cent in case of Private sector banks. About 70.27 per cent of Specialist Officers (Agriculture) from Public sector banks faced lot of hardships to recover agricultural loans. 84.96 per cent of Specialist Officer (Agriculture) employed from Public sector banks perceived that farmers never responded to bank notice and phone calls in case of Special Mentioned Accounts (SMA) and Non Performing Assets (NPA). However, 71.86 per cent of Specialist Officers (Agriculture) employed in Private sector banks perceived that farmers never responded to bank notice and phone calls in case of SMA and NPA. Thus from the above study, following policy implications may be arrived (i.e) Up-gradation of land records and delivery of documents through online and documentation of loan process such as mortgage, issuing of non-encumbrance certificate and verification of patta land can be published through online
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