Features and Facilities of Indian SEZ

SEZ is of world-class standards for the government wants to provide the best facilities to the units that are set up in the SEZ's in India. Facilities and Features of Indian SEZ have attracted many companies to set up their units in Indian SEZ's.

Special Economic Zone means a specified region in a state that has liberal economic laws in comparison to the state's typical economic laws. SEZ's help in the economic and industrial growth of a country and this is the reason that the government of India is encouraging the setting up of more and more SEZ's in the country. The various beneficial Features and Facilities of Indian SEZ are that the units within the SEZ do not have to have a license for importing goods and they are exempted from paying central excise duty when they procure raw materials, spares and capital goods from the local market.

Further the various positive Facilities and Features of Indian SEZ are that the units within the SEZ are exempted from paying customs duty when they import raw materials, spares, consumables, and capital goods, and 100% exemption from income tax. Also the various Features and Facilities of Indian SEZ are that the units inside the SEZ are allowed 100% foreign direct investment, facility to retain in account EEFC 100% foreign direct investment, and on items that have been reserved for SSI there is no cap on foreign direct investment.

The various Facilities and Features of Indian SEZ are that for the units within the SEZ there are no fixed norms for wastage, the units have complete freedom to hire contract labor or to indulge in subcontracting, and that there would be no regular examination of import and export cargo by customs. Further the various beneficial Features and Facilities of Indian SEZ are that the companies that set up their units in the SEZ are provided with built up space and developed plots, the units can use the duty free goods in a period of 5 years, and support services such as post office, banks, food courts, ATMs, and fire services are provided in the SEZ complex.

Features and Facilities of Indian SEZ that proves beneficial to the units within the SEZ is that they do not require separate documentation for Exim and customs policy, the unit’s performance is monitored by the Development Commissioner, and the supplies that the SEZ receives from the DTA are treated as exports. Also the various positive Features and Facilities of Indian SEZ are that the central sales tax that the units pay on the purchase of domestic products are reimbursed, the units in the SEZ are given a write- off up to 5% on unrealized exports, and exemption from paying excise duty on the goods that are required for setting up the units in the SEZ.

Features and Facilities of Indian SEZ as seen is such that they would help the units within the SEZ to grow and prosper. In the future also the government of India must continue to provide the best facilities in the SEZs in India.

Differences between SEZ and EPZ

•           SEZ are much larger in geographical size than EPZ.

•           SEZ has much larger scope of business than EPZ.

•           SEZ is found all the countries but EPZ are generally located in under developed or developing countries.

•           Infrastructure of SEZ consist of manufacturing units, townships, roads, hospitals, schools and other services but EPZ are confined to manufacturing establishments.

•           The benefits of SEZ are more towards the growth of domestic business where as EPZ has the main objective of developing exports business.

•           SEZ is open to all fields of business like manufacturing, trading and services but EPZ has more focus on manufacturing.

•           Tax benefits in SEZ are much more than in EPZ.

•           There is very limited accountability of export performance in SEZ but it has great influence over the business carried out in EPZ as the penalties and duty recovery is imposed in case of shortfall.

•           The consumption of raw material that is imported duty free has to be consumed over a period of 5 years in SEZ but the time period in EPZ is only 1 year.

•           Laws concerning the certification of the import goods are much more relaxed in SEZ than in EPZ.

•           Custom department has less interference in the inspection of the premises in SEZ but EPZ requires routine customs inspection of cargo.

•           FDI investment in manufacturing unite does not require sanctions from the board as it is in EPZ.

challenges of Organisational behaviour

Challenges of ob:

Ø Globalization

Ø Advanced information technology

Ø Coping with temporariness

Ø Continuous change

Ø Stimulating innovation and change

Ø Continuous development

Ø Customer satisfaction

Ø Corporate social responsibility

Ø Availability of the resources

Ø Time pressure to attain goal

Ø Employee engagement

Ø Employee empowerment

Ø Balancing work life

Ø Conflict management

Ø Maintain employee loyalty and satisfaction

Ø Work force diversity

Ø Maintenance of proper working environment

Ø Improving ethical behaviour

Ø Consistency of qualitative productivity

Ø Improving individuals to groups to organization

Ø Human resource management

Ø Balancing shortage and surplus labor

ORGANISATIONAL BEHAVIOUR syllabus for MBA 1st year

CP 106 ORGANISATIONAL BEHAVIOUR

(The objective of this course is to teach the student about the organizational theories, dynamics,

conflict, change, culture etc)

Unit-I: Meaning and scope of OB-Challenges and opportunities – Foundations of Individual

behaviour, values, attitude, job satisfaction, personality, perception and emotions.

Unit – II: Motivation-Theories, Group dynamics – Leaderships styles..

Unit –III: Organizational conflict-causes and consequences-conflict and Negotiation.

Unit-IV: Organisational change, change process resistance to change and Organisational

Development

Unit – V: Organisational Culture-Creating an Ethical Organisation-Managing Stress-Organisational Effectiveness.

(Case Studies are Compulsory)

Suggested Books:

1. Udai Pareek, Organizational Behaviour, Oxford University Press.

2. Karam Pal, Management Process and Organisational Behaviour, IK Int Pub House, ND

3. Moorhead & Griffin, Introduction to Organizational Behaviour, Cengage, New Delhi

4. Arun Kumar and Meenakshi, Orgnisational Behaviour, Vikas, ND

5. Fred Luthans, Organisational Behaviour, McGraw Hill, New Delhi

6. RK.Suri, Organizational Behaviour, Wisdom Publication

7. Aswathappa K, Organisational Behaviour, Himalaya, Mumbai

8. Neeraj Kumar, Organisational Behaviour, Prentice Hall

Free trade vs Protectionism

Free trade vs Protectionism

No country in the world is self reliant and has to depend on other nations to meet the demands of its infrastructure and economy. Trade between countries is as old as civilizations but of late there has been a debate over the pitfalls of protectionism and the benefits of free trade between countries. Before differentiating between free trade and protectionism, we need to learn a bit about protectionism.

What is Protectionism?

Protectionism refers to policies, rules and regulations that help a nation place barriers in the form of tariffs while trading with any other country. It is sometimes also a ploy by a country to safeguard the interests of its domestic producers as cheap imported commodities tend to shut down factories making that commodity inside the country. Though at times protectionism is adopted to serve national interests, there are times when countries cry foul as they face non economic tariffs. For example, carpets made in India are world famous and India exports them to many countries including Europe and the US. But suddenly US chose to place barriers in this trade citing use of child labor in the manufacture of carpets in India.

One of the easiest ways to reduce imports of commodities is to raise the price of imports by putting in place tariffs. This helps domestic producers as they remain competitive in the domestic markets. Other ways of protectionism are to place quota restrictions on commodities so that the quantity entering the country is miniscule which does not affect local producers.

What is Free Trade?

The concept of Free trade on the other hand refers to a situation where there are no barriers in trade between two countries. This not only helps both the nations, it also paves the way for cooperation and trade in more areas and removing mistrust and ill will that is always there in an atmosphere riddled with sanctions, tariffs and embargos. Free trade does not take place overnight and this is why nations are entering into economic pacts and agreements to slowly and gradually remove all such artificial tariffs. Free trade encourages transparency and healthy competition. Nations have come to realize that others can be superior to them in production of certain goods and services while they can be superior in other areas.

To help nations of the world prosper through international trade, GATT has paved the way for World Trade Organization that sets the guidelines for international trade and puts into place a robust mechanism for the resolution of disputes between member countries.

INTERNATIONAL BUSINESS syllabus

CP – 303: INTERNATIONAL BUSINESS 

 Objective: The objective of this course is to acquaint the students to emerging global trends to business environment.

 Unit – I: International Business: Significance, Free Trade Vs. Protection. Emerging Trends, Trade Barriers Trade Strategies.

 Unit – II: Balance of Payments: Concept, Disequilibrium in BOP, Structural Cyclical and Monetary Disequilibrium, Methods of Correction; 1990 BOP Crisis.

 Unit – III: Foreign Exchange Markets: Foreign Exchange Market Mechanism; Exchange Rate Determination, Convertibility of Rupee and its Implications.

 Unit – IV: Globalization: Role of Multinational Corporations – Impact on India – Role of GDRs, FIIs – Export Promotion Zones – Special Economic Zones.

 Unit – V: International Liquidity: Problems of Liquidity; Role of IMF and IBRD in Managing International Liquidity Problems.

Suggested Books:

 1. Crinkota, Ronkainen and Moffett, International Business, Cengage, New Delhi
 2. Andrew Harrison – International Business, Oxford University Press.
 3. E. Bhattacharya: International Business, Excel Publications.
 4. Francis Cherunilam, International Business: Text and Cases, Prentice Hall of India.
 5. Sundaram & Black, International Business Environment – The Text and Cases, Prentice Hall of India.
 6. Taggart and Medrmott, The Essence of International Business, Prentice Hall of India.
 7. Bhalla, V.K., & S. Sivaramu, International Business Environment and Business, Annual Publications.
 8. Daniel John D and Redebough, Lee. H., International Business, Addision Wesley India. 

OB syl;labus for BBA 2nd year (IIIrd sem) students

Organizational Behaviour

Unit-I: Focus and Purpose: Definition, need and importance of organizational behaviour – Nature and scope – Frame work – Organizational behaviour models.

Unit-II: Personality – types – Factors influencing personality – Theories – Learning – Types of learners – The learning process – Learning theories – Organizational behaviour modification. Misbehavior – Types – Management Intervention. Emotions  - Emotional Labour – Emotional  Intelligence – Theories.

Unit-III: Attitudes – Characteristics – Components – Formation – Measurement- Values.

Perceptions – Importance – Factors influencing perception – Interpersonal perception- Impression Management. Motivation – importance – Types – Effects on work behavior.

Unit-IV: Organization structure – Formation – Groups in organizations – Influence – Group dynamics – Emergence of informal leaders and working norms – Group decision making techniques – Team building - Interpersonal relations – Communication – Control.

Unit-V: Leadership and Power: Meaning – Importance – Leadership styles – Theories – Leaders Vs Managers – Sources of power – Power centers – Power and Politics.

References:  

1. Stephen P. Robins, Organizational Behavior, PHI Learning/Pearson Education, 2008.

2. Fred Luthans, Organizational Behavior, McGraw Hill, 2001.

3. Schermerhorn, Hunt and Osborn, Organizational behavior, John Wiley, 9^th Edition, 2008.

4. UdaiPareek, Understanding Organizational Behaviour, Oxford Higher Education, 2004.

5. Mc Shane & Von Glinov, Organizational Behaviour, 4^th Edition, Tata Mc Graw Hill, 2007.

6. Hellrigal, Slocum and Woodman, Organizational Behavior, Cengage Learning, 2007.

7. Ivancevich, Konopaske&Maheson, Organizational Behaviour & Management,  

Tata McGraw Hill, 2008.