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Salient Features Of Indian Economy Essays On Music

Impact of Fii on Indian Economy

5988 WordsMar 23rd, 201124 Pages

Institute of Professional Education and Research

Macro Economics

Assignment On
Foreign Institutional Investment
(FII)

Submitted To- Submitted By-
Dr. A.K. Sharan Nasir Jalal Roll No. - 29 ABSTRACT

Most of the under developed countries suffer from low level of income and capital accumulation. Though, despite this shortage of investment, these countries have developed a strong urge for industrialization and economic development. As we know the need for Foreign capital arises due to shortage from domestic side and other reasons. Indian economy has experienced the problem of capital in many instances. While…show more content…

Fitz Gerald (1999) observed that the large and sudden reversals of foreign equity investments make them extremely volatile in character. The securities markets in developing countries are typically narrow and shallow, and therefore, participation of foreign portfolio investors may, a priori, induce considerable instability in these markets.

Executive Summary Foreign institutional investors have gained a significant role in Indian capital markets. Availability of foreign capital depends on many firm specific factors other than economic development of the country. In this context this paper examines the contribution of foreign institutional investment particularly among companies included in sensitivity index (Sensex) of Bombay Stock Exchange. Also examined is the relationship between foreign institutional investment and firm specific characteristics in terms of ownership structure, financial performance and stock performance. It is observed that foreign investors invested more in companies with a higher volume of shares owned by the general public. The promoters’ holdings and the foreign investments are inversely related. Foreign investors choose the companies where family shareholding of promoters is not substantial. Among the financial performance variables the share returns and earnings per share are significant factors influencing their investment decision.

OBJECTIVES

The main objective of this assignment is to through light on FIIs into Indian economy in

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Festivals The tradition of celebrating festivals goes back to the Vedic period. The scriptures and works of literature of this era are replete with references to festivals. These were the celebrations in honour of gods, rivers, trees, mountains, and seasons like spring, and monsoon. These were the times for prayers and meditation, and also for spectacle and procession - occasions to express pure joy with performances comprising music, dance and drama, and conducting fairs.

The Constitution of India has guaranteed the freedom of worship and way of life to all its citizens. This has ensured the rich kaleidoscope of festivals that are celebrated throughout the country. More...

Diwali The most colourful of all the festival is Deepawali or Diwali, the festival of lights. Rama, the central figure in the epic Ramayana, went into exile for 14 years, accompanied by his wife Sita and brother Lakshman. During their wanderings in the forests, Ravana, the king of Lanka, carried Sita away. It was only after an epic battle that Rama vanquished Ravana, rescued Sita and returned home. The journey from Lanka in the south to Ayodhya in the north took 20 days. His triumphal return brought great joy to his people who illuminated the whole city to celebrate the occasion. This tradition continues to this day as houses and cities throughout India are lit up every year (traditionally with small earthenware cups or diyas filled with oil) to commemorate the anniversary. Deepawali signifies the triumph of good over evil and light over darkness. More...

Dussehra The battle between Ravana and Rama and the latter's victory are celebrated as Dussehra in many parts of India, 20 days before Deepawali. Dussehra is the day when the effigies of Ravana, his brothers Meghnath and Kumbhakaran, are burnt.

It is preceded by enactment of the story of the Ramayana by amateur groups of people in what is known as Ram Lila where all-night performances of the Ramayana from the beginning to the end are enacted; the actors are mainly young boys who perform the role of male as well as female characters. More...

Durga Pooja and Ganesh Chaturthi In Bengal, the worship of the Goddess Durga precedes Deepawali. While Goddess Durga is worshipped with great devotion in West Bengal,

Lord Ganesha - acknowledged as the remover of obstacles - is the central figure in the celebration of Ganesh Chaturthi in Maharashtra. characters.

Janmashtami Lord Krishna, the eighth incarnation of Vishnu, is the divine core in the epic Mahabharata. It was he who gave the sermon of the Bhagwat Gita (the song Celestial) to Arjuna, one of the five Pandava brothers during their battle with the Kauravas at Kurukshetra. This battle again epitomises the fight between the forces of evil and good. Lord Krishna is venerated all over India and there are temples dedicated to him specifically but in particular, his home ground of Vrindavan and Mathura where he lived as a boy and revealed his divinity by the miracles he wrought.More...

Guru Nanak Jayanti and Baisakhi The birth anniversaries of Guru Nanak and Guru Gobind Singh, the tenth and last of Gurus, are very important days and are celebrated with religious fervour and devotion. Processions are taken out, the scriptures are chanted, without a break, and the Gurudwaras (Sikh temples) are illuminated.

The Indian calendar, as opposed to the Gregorian, starts in April. New Year's Day is April 13, celebrated as Baisakhi, which coincides with the harvesting of the wheat crop in Northern India, especially in Punjab. People wear new clothes, sing and dance in joy. In Eastern India, the New Year begins on April 14 and again it is a joyous occasion with singing and dancing by young men and women who don their best silken mekhalas (sarongs) and chaddars (an overwrap) and dance to the beat of the drum. This festival is known as Rangali Bihu in Assam.

Holi Then there is Holi, the festivals of colours when men, women and children drench one another with coloured water to celebrate the beauty of spring season, when flowers bloom and deck the earth. More...

The festival of Eid is celebrated at the end of a month-long fasting. Christmas, commemoration of the birth of Jesus Christ, transcends the barriers of faith to become an occasion for celebration of joy across the country.

There are also numerous glittering fairs held in the country. The gem in the crown is, of course, the Kumbha Mela held at Haridwar, Prayag (Allahabad), Nashik and Ujjain. Pushkar Fair and Urs at Ajmer are some other famous examples. So are the Nauchandi mela, held on the second Sunday after Holi in Meerut; and Sonepur Cattle Fair - Asia's biggest cattle fair, held on Kartik Poornima in Bihar's Sonepur, on the confluence of river Ganges and Gandak.