Title: Relationship between Profitability and Advertising Expenditure: A Study of Selected Companies in Indian Manufacturing Sector Authors: Singh, Krishna; Sur, Debasish Abstract: The present paper attempts to analyze the growth pattern in advertising expenditure and profitability as well as the linkage between them in selected fifty companies which were selected by taking top five companies from each of the ten selected industries in the Indian manufacturing sector for the period 2002 to 2016. In this study return on capital employed (ROCE) was taken as the overall profitability measure. A recursive simultaneous equation framework as suggested by the outcome derived from the endogenity test was used in explaining the variation of ROCE as well as advertising expenditure on the basis of some identified explanatory variables. The study found that, inter-industry variation of advertisement expenditure gradually stepped up over time. The overall regression results revealed that FATR, ITR, DTR and CTR had significant positive influence on the profitability while MS and estimated ROCE significantly influenced the advertising expenditure.

Title: A STUDY OF INDIAN ACCOUNTING STANDARDS (IND-AS): IS THERE A NEED OF ‘IFRS’ IN INDIA? Authors: Mukherjee, Ujjwal; Mukharjee, Sudipta Abstract: The finance and accounting industries are growing in popularity all around the globe. In this globalised age, it is becoming increasingly commonplace to evaluate and adopt the IFRS as national accounting standards, and many nations have already done so. As a reporting accounting language, this accounting language is becoming more widely accepted, and it is starting to take the role of national Ind-AS standards in a number of countries across the globe. As a consequence of the implementation of the (IFRS), firms and the Indian economy have benefited. The IFRS recommends that businesses implement the standards as soon as possible and get the necessary training. In the case of the International Financial Reporting Standards, it was the position of the organisation rather than the kind of business association that had an effect on attitudes regarding the implementation of the standards (IFRS). Additionally, the type of perceived corporate connection, the number of years of required professionalism experience, the firm’s affiliation with the subjective standard, and the type of business affiliation used for this purpose all played a role in the adoption of the (IFRS).

Title: IMPACT OF GLOBALIZATION ON THE AUTOMOBILE INDUSTRY IN INDIA Authors: Chowdhury, Sanchita Ghosh Abstract: Over long periods of time a variation is noticed in the factors determining Indian automobile industry growth. However, some of these factors are persistent over time. The paper attempts to identify these persistent factors determining the growth of the Indian automobile industry and then examine the impact of globalisation, as an economic shock, on the Indian automobile industry in light of these determining factors. The paper finds that profitability is a major driver of automobile industry growth in India, along with labour productivity and capital intensity. It also uses a structural break analysis to show that globalization had a considerable positive contribution in increasing the pace of growth in the Indian automobile industry for a period of 20 years. Globalization facilitated better returns from the industry’s profits and opened up more avenues to explore growth for two decades and helped the industry gather the required momentum.

Title: MAPPING THE LITERATURE ON GOODS AND SERVICES TAX (GST): A BIBLIOMETRIC ANALYSIS Authors: Garg, Shweta; Mittal, Manju Abstract: The field of Goods and Service Tax (GST) research has gained momentum since its proposal and adoption by various countries as an indirect taxation system. This study aims to conduct a bibliometric analysis for creating a knowledge structure on GST by merging NVivo12 and VOS viewer© 1.6.5 version (two bibliometric software programs). The study aims to capture insights such as number of publications per year, number of authors per publication, author collaboration, the most prolific authors, the methodology used by the different authors, most productive journals in the area, highly cited articles with the author’s name and titles as well as the year of publication, keyword analysis, and cluster analyses. By entering keywords, like GST, Goods, and Service Tax, Indirect Tax into the Scopus search engine, the data from the year 2001-2021 is searched. After multiple refinements, a total of 234 out of 989 documents are chosen.