DOCSLIB.ORG

1343128285425.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

TABLE OF CONTENTS

  • SECTION I - GENERAL
  • 1

DEFINITIONS AND ABBREVIATIONS............................................................................................................1 OVERSEAS SHAREHOLDERS ..........................................................................................................................6 CURRENCY OF PRESENTATION AND FINANCIAL DATA........................................................................7 FORWARD-LOOKING STATEMENTS.............................................................................................................8

SECTION II - RISK FACTORS SECTION III - INTRODUCTION
9
29

THE ISSUE ..........................................................................................................................................................29 SELECTED FINANCIAL INFORMATION......................................................................................................30 GENERAL INFORMATION..............................................................................................................................33 CAPITAL STRUCTURE.....................................................................................................................................36 OBJECTS OF THE ISSUE..................................................................................................................................41 STATEMENT OF TAX BENEFITS...................................................................................................................43

SECTION IV – ABOUT THE ISSUER

OUR MANAGEMENT .......................................................................................................................................50

SECTION V – FINANCIAL INFORMATION 55
50

FINANCIAL STATEMENTS.............................................................................................................................55 STOCK MARKET DATA FOR THE EQUITY SHARES OF THE BANK ....................................................82 FINANCIAL INDEBTEDNESS .........................................................................................................................84

  • SECTION VI – LEGAL AND OTHER INFORMATION
  • 86

OUTSTANDING LITIGATIONS AND DEFAULTS .......................................................................................86 GOVERNMENT AND OTHER APPROVALS.................................................................................................91 MATERIAL DEVELOPMENTS ........................................................................................................................92 OTHER REGULATORY AND STATUTORY DISCLOSURES.....................................................................93

SECTION VII - OFFERING INFORMATION

TERMS OF THE ISSUE ...................................................................................................................................100

SECTION VIII – STATUTORY AND OTHER INFORMATION 130

DECLARATION................................................................................................................................................132

100
SECTION I - GENERAL
DEFINITIONS AND ABBREVIATIONS

Unless the context otherwise indicates or requires, the following terms shall have the meanings given below in this Draft Letter of Offer.

Issuer and Industry Related Terms

  • Term
  • Description

Articles/ Articles of Association/ The articles of association of our Bank, as amended from time to time. AoA

  • Auditors
  • The statutory auditors of our Bank, being M/s Jagannathan & Sarabeswaran,

Chartered Accountants.
Board/ Board of Directors/ our Board of directors of our Bank or a duly constituted committee thereof, as the context Board may refer to. “CUB” or “our Bank” or “Bank” City Union Bank Limited. or “we” or “us” or “our” Directors/ our Directors Equity Shares Eligible Equity Shareholders CUB ESOS Scheme
Directors of our Bank. The equity shares of our Bank of face value ` 1 each. The holders of Equity Shares, as on the Record Date i.e. [●]. Employee stock option scheme of our Bank as approved by our shareholders at the extraordinary general meeting dated April 26, 2008.
Memorandum/ Memorandum of The memorandum of association of our Bank, as amended from time to time. Association Registered and Corporate Office The registered and corporate office of our Bank situated at No.149, TSR Big Street,
Kumbakonam 612 001, Tamil Nadu.

Issue Related Terms and Abbreviations

  • Term
  • Description

  • Abridged Letter of Offer
  • The abridged letter of offer to be sent to the Eligible Equity Shareholders and made

available to Eligible Employees, in accordance with the SEBI Regulations.

  • “Allot”
  • or
  • “Allotment” The allotment of Equity Shares pursuant to the Issue.

“Allotted” Allotment Date Application
The date on which Allotment is made. Application made during the Issue Opening Date and the Issue Closing Date, whether submitted by way of CAF or in the form of a plain-paper, in case of Eligible Equity Shareholders, or an EAF, in case of Eligible Employees, to subscribe to the Equity Shares issued pursuant to the Issue at the Issue Price including applications by way of the ASBA process.
Application Form Application Money
The CAF and EAF. The amount payable in respect of the Equity Shares applied for in this Issue at the time of Application pursuant to the Payment Method, being ` [●] per Equity Share, i.e. [●]% of the Issue Price.
“ASBA” Supported Amount”

  • or
  • “Application Application supported by blocked amount i.e., an Application (whether physical or

Blocked electronic) for Equity Shares in the Issue, together with an authorization to an SCSB to block the Application Money in the ASBA Account. by

  • ASBA Account
  • Account maintained by an ASBA Investor with an SCSB which will be blocked by

such SCSB to the extent of the Application Money, as specified in the CAF or the plain paper application, in case of Eligible Equity Shareholders, or the EAF, in case of Eligible Employees.

  • ASBA Investor
  • (i) An Eligible Employee who intends to apply in the Employee Reservation Portion

through ASBA; and

(ii) an Eligible Equity Shareholder who intends to apply in the Issue through ASBA and:
(a) holds the Equity Shares in dematerialized form as on the Record Date and has applied for his Rights Entitlement and/ or additional Equity Shares in dematerialized form;
(b) has not renounced his/ her Rights Entitlement in full or in part; (c) is not a Renouncee; and (d) is applying through the ASBA Account.

  • Bankers to the Issue
  • [●].

1

Term

or
Application Form” Call

Description

“Composite The application form used by Investors (excluding Eligible Employees) to make an application for Allotment under the Net Issue portion.
“CAF”
Call notice sent by our Bank to each of the holders of the partly paid-up Equity Shares as on the Call Record Date, for making a payment of Call Money. Aggregate amount payable in respect of the Equity Shares applied for in this Issue at the time of the Call pursuant to the Payment Method, being ` [●], i.e. [●]% of the Issue Price.
Call Money

  • Call Record Date
  • The date fixed by our Bank for the purpose of determining the names of the holders of

partly paid-up Equity Shares for the purpose of issuing of the Call.
Controlling Branches

Designated Branches
The branches of the SCSBs which coordinate with the Registrar to the Issue and the Stock Exchanges and a list of which is available at http://www.sebi.gov.in. Such branches of the SCSBs which shall collect the CAF or the plain paper application, in case of Eligible Equity Shareholders, or the EAF, in case of Eligible Employees, from the ASBA Investors and a list of which is available on http://www.sebi.gov.in. A depository registered with the SEBI under the Depository Regulations. [●].
Depository Designated Stock Exchange

  • Draft Letter of Offer
  • This draft letter of offer dated July 17, 2012 filed with SEBI and issued by our Bank in

accordance with the SEBI Regulations.
“Employee Application Form” The application form used by Eligible Employees to make an application for Allotment

  • or “EAF”
  • under the Employee Reservation Portion.

  • Eligible Employee
  • A permanent and full-time employee of our Bank including a Director of our Bank,

whether whole-time or part-time, as on the Record Date, who is an Indian national and is based, working and present in India as on the date of submission of the EAF and who continues to be in such employment till the finalisation of the basis of Allotment in consultation with the Designated Stock Exchange, but excludes persons not eligible under applicable laws, rules, regulations and guidelines.

  • Employee Reservation Portion
  • Reservation of up to [●] Equity Shares (not exceeding 5% of the post-Issue capital of

the Bank) for the Eligible Employees aggregating up to ` 50 crores. Eligible Equity Shareholders, Renouncee(s) and Eligible Employees applying in the Issue. Issue of [●] Equity Shares at Issue Price aggregating up to ` 250 crores to the Eligible Equity Shareholders and Eligible Employees.
Investor(s) Issue

The Issue comprises of issue of [●] Equity Shares to the Eligible Equity Shareholders in accordance with the Rights Entitlement aggregating up to ` 200 crores and a reservation of up to [●] Equity Shares (not exceeding 5% of the post-Issue capital of the Bank) for the Eligible Employees aggregating up to ` 50 crores.

  • [●].
  • Issue Closing Date

Issue Opening Date Issue Price
[●]. ` [●] per Equity Share.
Issue Proceeds Lead Manager Letter of Offer
The proceeds raised through the Issue estimated to be ` 250 crores. Edelweiss Financial Services Limited. The letter of offer to be filed with the Stock Exchanges after incorporating the observations received from SEBI on the Draft Letter of Offer. The agreement entered into between us and the Stock Exchanges. The Issue less the Employee Reservation Portion.
Listing Agreement Net Issue

  • Non-Institutional Investors
  • All Investors including sub-accounts of FIIs registered with SEBI, which are foreign

corporate or foreign individuals, that are not QIBs or Retail Individual Investors and who have applied for Equity Shares for an amount of more than ` 2,00,000. Payment method in respect of the Equity Shares issued pursuant to the Issue, under which the amount payable on Application is ` [●] per Equity Share, and the balance amount of the Issue Price is payable on Call.
Payment Method QIBs/ Qualified Institutional Public financial institutions as defined in Section 4A of the Companies Act, FIIs and

  • Buyers
  • Sub-Accounts (other than Sub-Accounts which are foreign corporates or foreign

individuals), VCFs, AIFs, FVCIs, Mutual Funds, multilateral and bilateral financial institutions, scheduled commercial banks, state industrial development corporations, insurance companies registered with the IRDA, provident funds and pension funds with a minimum corpus of ` 25 crores, the National Investment Fund and insurance funds set up and managed by army, navy or air force of the Union of India and insurance funds set up and managed by Department of Posts, India.
QFIs/ Investors

  • Qualified
  • Foreign Non-resident Investors, other than SEBI registered FIIs or sub-accounts or SEBI

registered FVCIs, who meet the KYC requirements prescribed by SEBI and are from such jurisdictions outside India (i) which are compliant with Financial Action Task Force (“FATF”) standards and are signatories to the International Organisation of

2

  • Term
  • Description

Securities Commission’s (“IOSCOs”) Multilateral Memorandum of Understanding; (ii) who have opened demat accounts with SEBI registered qualified depositary participants and (iii) where it is not unlawful to make an offer or invitation under the Issue.

For further details on QFIs, please refer to SEBI circular number CIR/ IMD/ FII&C/ 13/ 2012 dated June 7, 2012.
Record Date Refund Banker(s)
[●]. [●].
Registrar/ Registrar to the Issue Karvy Computershare Private Limited.

  • Renouncees
  • Persons, other than ASBA Investors, who have acquired Rights Entitlements from

Eligible Equity Shareholders.
Retail Individual Investors

Rights Entitlement
Investors who have applied for Equity Shares for an amount less than or equal to ` 200,000. [●] Equity Shares that an Eligible Equity Shareholder is entitled to under the Issue for every [●] fully paid up Equity Share(s) held as on the Record Date.
Self Certified Syndicate Bank The banks which are registered with SEBI under the Securities and Exchange Board of

  • or SCSB
  • India (Bankers to an Issue) Regulations, 1994, as amended, and offers services of

ASBA, including blocking of bank account and a list of which is available on http://www.sebi.gov.in.
Split Application Form(s)

Stock Exchanges
The application form(s) used in case of, (a) renunciation in part by an Eligible Equity Shareholder in favour of one or more Renouncees; or (b) renunciation by an Eligible Equity Shareholder in favour of two or more Renouncees. BSE, NSE and MSE where the Equity Shares are presently listed.

Conventional/ General Terms and References to other Entities

  • Term
  • Description

  • AIF
  • Any fund established or incorporated in India registered with SEBI under the AIF

Regulations.

  • AIF Regulations
  • Securities and Exchange Board of India (Alternative Investment Funds) Regulations,

2012.
Act/ Companies Act ATM
The Companies Act, 1956, as amended from time to time. Automated teller machine.
Banking Regulation Act CERA
The Banking Regulation Act, 1949, as amended Central Excise Revenue Audit
Depositories Act Depository Regulations
The Depositories Act, 1996, as amended from time to time. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, as amended from time to time.

  • Edelweiss Financial Services Limited.
  • Edelweiss

  • FEMA Regulations
  • The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident

Outside India) Regulations, 2000 and amendments thereto. Foreign institutional investors registered under the FII Regulations. Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995.
FII FII Regulations

Financial Year/ Fiscal/ FY FIPB
Period of twelve months ended March 31 of that particular year. Foreign Investment Promotion Board.
FVCI FVCI Regulations
Foreign venture capital investors registered under the FVCI Regulations Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000
IT Act IT Department Indian GAAP
The Income Tax Act, 1961, as amended from time to time. Income Tax Department. Generally Accepted Accounting Principles in India. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, as amended from time to time. International Securities Identification Number.
Insider Trading Regulations ISIN Merchant Banking Regulations Merchant Banking Rules Mutual Fund
Securities and Exchange Board of India (Merchant Banking) Regulations, 1992. Securities and Exchange Board of India (Merchant Banking) Rules, 1992. Mutual fund registered with SEBI under the Mutual Fund Regulations. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended from time to time.
Mutual Fund Regulations

  • NRE Account
  • Non Resident External Account.

  • NRO Account
  • Non Resident Ordinary Account.

  • “Non Resident” or “NR”
  • Non-resident or person(s) resident outside India, as defined under the FEMA, including

FIIs and FVCIs.

3

  • Term
  • Description

“Non Resident Indian” or “NRI” Non Resident Indian, is a person resident outside India, as defined under FEMA and the
FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000.
“Overseas Corporate Body” or A company, partnership, society or other corporate body owned directly or indirectly to

  • “OCB”
  • the extent of at least 60% by NRIs including overseas trusts, in which not less than 60%

of beneficial interest is irrevocably held by NRIs directly or indirectly as defined under the FEMA Regulations and which was in existence on October 3, 2003 and immediately before such date had taken benefits under the general permission granted to OCBs under the FEMA.
P/E Ratio RBI Act
Price/ Earnings Ratio. The Reserve Bank of India Act, 1934, as amended from time to time.
“Re.” or “Rs.” or “INR” or Indian Rupees, the lawful currency of India. “Rupees” or “`”

  • SARFAESI Act
  • The Securitisation and Reconstruction of Financial Assets and Enforcement of Security

Interest Act, 2002, as amended.
SEBI Act SEBI ESOP Guidelines
The Securities and Exchange Board of India Act 1992, as amended from time to time. The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.
SEBI Regulations Securities Act Takeover Code
The United States Securities Act of 1933, as amended. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time. United States of America, including the territories or possessions thereof. Venture capital funds registered with SEBI under the VCF Regulations. The Securities and Exchange Board of India (Venture Capital Fund) Regulations, 1996, as amended from time to time.
U.S./ USA/ United States Venture Capital Funds/ VCF VCF Regulations

Abbreviations

  • Term
  • Description

  • Annual Financial Inspection.
  • AFI

AFS AGM AIF
Available for sale. Annual general meeting. Alternative Investment Fund registered under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, as amended.

  • Asset Liability Management Committee.
  • ALCO

  • AS
  • Accounting Standards.

  • AY
  • Assessment Year.

Basel I Basel II Basel III
Recommendations of the Basel Committee on Banking Supervision dated July 1988 Recommendations of the Basel Committee on Banking Supervision dated June 2004 Recommendations of the Basel Committee on Banking Supervision dated September 2010

  • BSE
  • BSE Limited.

CAIIB CAGR CDSL CEO
Certified Association of Indian Institute of Bankers. Compounded Annual Growth Rate. Central Depository Services (India) Limited. Chief Executive Officer.
CRAR CRR
Capital-to-Risk Asset Ratio. Cash Reserve Ratio.
DEA DIPP DP
Department of Economic Affairs, Ministry of Finance, GoI. Department of Industrial Policy and Promotion, Ministry of Commerce, GoI. Depository Participant.
DP ID DRI
Depository Participant’s Identity. Differential rate of interest.

  • ECS
  • Electronic Clearing Service.

EGM FDI
Extraordinary general meeting. Foreign Direct Investment.

  • FDI Policy
  • Foreign Direct Investment policy, as laid down in the Consolidated FDI Policy,

effective from April 10, 2012, issued by DIPP, Ministry of Commerce, GoI. The Foreign Exchange Management Act, 1999 read with rules and regulations promulgated thereunder and any amendments thereto. Generally Accepted Accounting Principles.
FEMA GAAP

Recommended publications
  • 11 Tamil Nadu Economy

    11 Tamil Nadu Economy

    www.tntextbooks.in CHAPTER 11 Tamil Nadu Economy “If the nature of the work is properly appreciated and applied, it will stand in the same relation to the higher faculties as food is to the physical body” –J.C.Kumarappa LEARNI NG OBJ ECTI VES To understand the resource position of Tamil Nadu 1 economy To analyse the performance of Tamil Nadu economy in relation to other 2 states. 11.1 of contribution to GDP, third highest in terms of per capita income, investment, I ntroduction Foreign Direct Investment (FDI) and industrial output. It has been ranked as The economic and social development the most economically free state by the of states in India are not uniform. Wide Economic Freedom. regional disparities exist. The western region and southern regions are better off than the In the social and health sector also Tamil other regions. Tamil Nadu is geographically Nadu’s performance is better than many eleventh largest and population wise third other states and better than national largest. Tamil Nadu fares well with many average in terms of health, higher achievements. It stands to second in terms education, IMR and MMR. Tamil Nadu Economy 225 www.tntextbooks.in Tamil Nadu Economy 226 www.tntextbooks.in 11.2 11.3 Highlights of Tamil Nadu Performance of Tamil Nadu Economy Economy ��Growth of SGDP in Tamil Nadu has Some of the States like Gujarat and been among the fastest in India since Maharashtra seem to perform well in some 2005. of the economic indicators. Kerala tops in ��Poverty reduction in Tamil Nadu has literacy, IMR and MMR.
  • THE KARUR VYSYA BANK LIMITED the Bank Was Incorporated on June 22, 1916 Under the Companies Act, 1913 with the Registrar of Companies, Trichinopoly

    THE KARUR VYSYA BANK LIMITED the Bank Was Incorporated on June 22, 1916 Under the Companies Act, 1913 with the Registrar of Companies, Trichinopoly

    DRAFT LETTER OF OFFER November 12, 2010 For the Equity Shareholders of the Bank Only THE KARUR VYSYA BANK LIMITED The Bank was incorporated on June 22, 1916 under the Companies Act, 1913 with the Registrar of Companies, Trichinopoly. The Bank now comes under the jurisdiction the Registrar of Companies, Chennai. (For further details, please see “History and Other Corporate Matters” on page 55) Registered and Central Office: Post Box No. 21, Erode Road, Karur – 639 002, Tamil Nadu, India Tel: +91 4324 226520; +91 4324 225521-25; Fax: +91 4324 225700 Contact Person: Mr. R. Kannan, Company Secretary and Compliance Officer Email: [email protected]; Website: www.kvb.co.in FOR PRIVATE CIRCULATION TO THE EQUITY SHAREHOLDERS OF THE BANK ONLY DRAFT LETTER OF OFFER ISSUE OF 30,502,976 EQUITY SHARES WITH A FACE VALUE OF ` 10/- EACH ("RIGHTS EQUITY SHARES") FOR CASH AT A PRICE OF ` 150/- INCLUDING A PREMIUM OF ` 140/- AGGREGATING UPTO ` 457.54 CRORES TO THE EXISTING EQUITY SHAREHOLDERS OF THE KARUR VYSYA BANK LIMITED (“THE BANK” OR “THE ISSUER”) ON RIGHTS BASIS IN THE RATIO OF TWO (2) RIGHTS EQUITY SHARES FOR EVERY FIVE (5) EQUITY SHARES HELD ON THE RECORD DATE I.E. [•] ("RIGHTS ISSUE/ THE ISSUE"). THE ISSUE PRICE FOR THE EQUITY SHARES IS 15 TIMES OF THE FACE VALUE OF THE EQUITY SHARES. Payment Method* Amount Payable per equity share Applicable to all categories of shareholders (in `) Face Value Premium Total On Application 6 54 60 First call 2 43 45 Second and final call 2 43 45 Total 10 140 150 * Please see risk factor no.
  • Periyar and the Intermediate Castes

    Periyar and the Intermediate Castes

    Is This a Sudra Critique? Periyar and the Intermediate Castes Karthick Ram Manoharan* Introduction When Kancha Ilaiah published his controversial book Why I Am Not a Hindu (1996), he subtitled it A Sudra Critique of Hindutva Philosophy, Culture and Political Economy. Ilaiah’s output in contributing to this “critique” has been quite prolific, the most recent being the co-edited volume, The Shudras: Visions for a New Path (Ilaiah and Karuppusamy 2021). But why use a Sudra critique when Ilaiah himself identifies that the concept of “Sudra” is derogatory in the Brahminical vocabulary and that “It does not communicate a feeling of self-respect and political assertion” (Ilaiah 1996:vii)? For political purposes, Ilaiah prefers the term “Dalitbahujan”—building on the concept introduced by Kanshi Ram, the founder of the Bahujan Samaj Party—and defines it as “people and castes who form the exploited and suppressed majority” (Ilaiah 1996:ix). The “Sudra” concept, thus, is used as a critique of Brahminical ideals so as to arrive at a Dalitbahujan politics. The Sudras—“the numerous productive castes which have historically built the material basis of our civilization, yet have been marginalized in terms of the power and knowledge-sharing-arrangement in the Brahminical order” (Ilaiah 2021:n.p.)—, however, were limited in their conceptual under- standing as their political action was restricted to securing repre- sentation and they did not have adequate self-consciousness of the caste system and the need for Dalitbahujan unity. Ilaiah frequently cites Jotirao Phule and B. R. Ambedkar as being crucial to the development of his Sudra critique.
  • Tamil Nadu from Wikipedia, the Free Encyclopedia Jump To: Navigation, Search Tamil Nadu ததததததததத

    Tamil Nadu from Wikipedia, the Free Encyclopedia Jump To: Navigation, Search Tamil Nadu ததததததததத

    You can support Wikipedia by making a tax-deductible donation. Help build the future of Wikipedia and its sister [Hide] [Help us with projects! translations!] Read a letter from Jimmy Wales and Michael Snow. Tamil Nadu From Wikipedia, the free encyclopedia Jump to: navigation, search Tamil Nadu ததததததததத Seal Chennai Location of Tamil Nadu in India Country India District(s) 32 Established 1956-11-01† Capital Chennai Largest city Chennai Governor Surjit Singh Barnala Chief Minister M Karunanidhi Legislature (seats) Unicameral (235) Population 66,396,000 (7th) • Density • 511 /km2 (1,323 /sq mi) Language(s) Tamil Time zone IST (UTC+5:30) Area 130,058 km 2 (50,216 sq mi) ISO 3166-2 IN-TN Footnotes[show] † Established in 1773; Madras State was formed in 1956 and renamed as Tamil Nadu on January 14, 1969 [1] Website tn.gov.in Coordinates: 13°05′N 80°16′E / 13.09°N 80.27°E / 13.09; 80.27 Tamil Nadu (Tamil: தமிழ்நாடு "Country of the Tamils", pronounced [t̪ɐmɨɻ n̪aːɽɯ]( listen)) is one of the 28 states of India. Its capital and largest city is Chennai (formerly known as Madras). Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by Puducherry (Pondicherry), Kerala, Karnataka and Andhra Pradesh. It is bound by the Eastern Ghats in the north, the Nilgiri, the Anamalai Hills, and Palakkad on the west, by the Bay of Bengal in the east, the Gulf of Mannar, the Palk Strait in the south east, and by the Indian Ocean in the south.
  • Idhaya College for Women Affiliated to Alagappa University (Accredited by NAAC with “B” Grade) Sarugani, Sivagangai District - 630 411

    Idhaya College for Women Affiliated to Alagappa University (Accredited by NAAC with “B” Grade) Sarugani, Sivagangai District - 630 411

    Vol. 6 Special Issue 1 October, 2018 Impact Factor: 4.118 ISSN: 2320–4168 National Seminar on EMERGING TRENDS IN BUSINESS & MANAGEMENT 4th October 2018 Jointly Organized by Department of Commerce & Commerce with CA Idhaya College for Women Affiliated to Alagappa University (Accredited by NAAC with “B” Grade) Sarugani, Sivagangai District - 630 411. Profound Joy of the heart is like a magnet that indicates the path of life Real Joy comes from doing something worthwhile. - Mother Teresa With immense pleasure I place my congratulations and appreciations to the organisers of this National Seminar on “Emerging Trends in Business and Management” scheduled on 4th October, 2018 at our Holy Paradise from where thousands of women went out and shining in multifaceted avenues with prestige and proud backed human value and credibility. Research drives innovation and Innovation drives change. The title selected for the Seminar is highly relevant and significant for the present scenario. It is not enough to know more and do more and have more. All this must lead to becoming more, more human and more compassionate. This gathering of Business professionals, Academicians, Researchers, and the students definitely make this juncture as platform to discuss, exchange views and present papers. The capacity to learn is a gift; The ability to learn is a skill; The willingness to learn is a choice. My dear young minds, this is a great choice given by us to prove your skill and acquire knowledge as gift. I do hope such seminars are held on a regular basis to enhance the knowledge base of students and motivate students to become successful in their various undertakings.
  • Water in the Economy of Tamil Nadu, India

    Water in the Economy of Tamil Nadu, India

    Water Policy 8 (2006) 1–13 Water in the economy of Tamil Nadu, India: more flexible water allocation policies offer a possible way out of water-induced economic stagnation and will be good for the environment and the poor Ramesh Bhatiab, John Briscoea, R. P. S. Malika,c, Lindy Millerd, Smita Misraa, K. Palainisamie and N. Harshadeepf aThe World Bank, 70, Lodhi Estate, New Delhi, India bCorresponding author. Resources and Environment Group, SU-125 Vishakha Enclave, New Delhi, India. Tel: 650 638 1560, Fax: 650 506 1236. E-mail:[email protected] cAgricultural Economics Research Centre, University of Delhi, Delhi, India dHarvard University, USA eWater Technology Centre, Tamil Nadu Agricultural University, Coimbatore, India fThe World Bank, Washington, D.C. Received 8 July 2005; accepted in revised form 4 October 2005 Abstract The state of Tamil Nadu, India, is in the grips of a water crisis, with demand far outstripping supply. As the economy of the state grows, this crisis is going to become ever more serious. To date the focus of state water policy has been on trying to augment supplies, from within the state (even from desalinization) and from neighboring states. In addition, the water use is regulated in a way that does not encourage the highest value uses. International experience shows that supply-side measures must be complemented by demand-side measures and that practice must move away from fixed, command-and-control allocation policies towards flexible allocation mechanisms, which facilitate the voluntary movement of water from low to high-value uses. This study addresses the question of whether such a change in allocation policies is worth doing.
  • Sectoral Contribution and Their Relevance in India: with Special Reference to Three South Indian States

    Sectoral Contribution and Their Relevance in India: with Special Reference to Three South Indian States

    [Sivasubramaniyan *, Vol.5 (Iss.9): September, 2017] ISSN- 2350-0530(O), ISSN- 2394-3629(P) DOI: 10.5281/zenodo.999325 Management SECTORAL CONTRIBUTION AND THEIR RELEVANCE IN INDIA: WITH SPECIAL REFERENCE TO THREE SOUTH INDIAN STATES K. Sivasubramaniyan*1 *1Associate Professor, Madras Institute of Development Studies, Adyar, Chennai – 600 020, Tamil Nadu, India Abstract Majority of the countries in the world has been functioning with its involvement in one or more of the three sectors of the economy such as agriculture, industry and services. In India, a large proportion of population live in poverty due to low level of skill development who are unable to cope with the available employment opportunities in the three sectors of the economy. Proper skill training not only benefits the work force and allows it to earn a decent living, but also contributes to the national economy by enhancing better productivity through the work force. Although India is an agricultural country, its importance in terms of giving employment and to generate adequate income to the people engaged in the sector has been gradually and steadily declining overtime. Consequently, industry and service sectors have been absorbing the displaced agricultural population to some extent. To what extent all the three sectors help the people to get employment and earn income for their livelihood in India, especially in the four southern states of India is discussed in the paper. Keywords: Sectoral Contribution; Skill Development; Economy. Cite This Article: K. Sivasubramaniyan. (2017). “SECTORAL CONTRIBUTION AND THEIR RELEVANCE IN INDIA: WITH SPECIAL REFERENCE TO THREE SOUTH INDIAN STATES.” International Journal of Research - Granthaalayah, 5(9), 116-123.
  • Water Management and Technological Advancement of the Ancient Tamils in Irrigation Practices: an Assessment from Historical Evidences

    Water Management and Technological Advancement of the Ancient Tamils in Irrigation Practices: an Assessment from Historical Evidences

    DOI:10.15613/hijrh/2019/v6i1/183883 ISSN (Print): 2349-4778 HuSS: International Journal of Research in Humanities and Social Sciences, Vol 6(1), 18–22, January-June 2019 ISSN (Online): 2349-8900 Water Management and Technological Advancement of the Ancient Tamils in Irrigation Practices: An Assessment from Historical Evidences K. Madhusudharsanan1* and S. Murugaiyan2 1Assistant Professor and Head, Department of History; [email protected] 2Ph. D. Research Scholar, Chikkaiah Naicker College, Erode – 638004, Tamil Nadu, India Abstract Tamil Nadu has been primarily an agricultural country. Nowadays, much attention is being given to trace out the glorious past, especially the ancient irrigation management and technology practiced in the state. Limited sources are available to know the best practices of the irrigation system during this period. The Emperors of ancient period not only patronized irrigation but also had given responsibilities to the village institutions for the apt management and appropriate uses of water bodies in the state. The maintenance work called as Kudimaramat system was functioned well. Sluice technology particularly the knowledge they had given to us for choosing the area of the construction of tanks as well as the materials tofound be used in Tamil for long land life discloses of the dam the withoutscientific any advancement damage even of inthe natural society calamities. then. We Villagecould learn societies the environmentalwere the authorities aspects, of the water rights. However, the changes in landownership pattern and the introduction of canal irrigation paved the way for the decline of tank irrigation in Tamil Nadu. This study made an attempt to highlight the irrigational practices which existed in the ancient Tamil Nadu.
  • Impact of Goods and Services Tax (GST) on Tamil Nadu Economy with Special Reference to Agriculture and Allied Sectors

    Impact of Goods and Services Tax (GST) on Tamil Nadu Economy with Special Reference to Agriculture and Allied Sectors

    International Journal of Agriculture Innovations and Research Volume 6, Issue 3, ISSN (Online) 2319-1473 Manuscript Processing Details (dd/mm/yyyy): Received: 13/10/2017 | Accepted on: 18/10/2017 | Published: 01/11/2017 Impact of Goods and Services Tax (GST) on Tamil Nadu Economy with Special Reference to Agriculture and Allied Sectors S. Roshini1*, Suman Kumari Nayak2, Laxmipreeya Behera3 and Upasana Mohapatra4 1 Post Graduate Student, Department of Agril. Statistics. 2 Post Graduate Student, Department of Plant Physiology. 3 Post Graduate Student, Department of Agril. Biotechnology. 4 PhD Scholar, Department of Agril. Economics. College of Agriculture, OUAT, Bhubaneswar, India. Abstract – Goods and Services Tax (GST) is an indirect tax preferred states for business investments and most which was passed on 3 august 2016 and commenced on 1 July industrialized state in India. Tamil Nadu is only one of eight 2017 in India. GST was already implemented in 160 countries. states that recorded poverty reduction at a rate higher than India adopted concurrent dual GST model where taxes are the all-India average. collected in the form of State Goods and service tax (SGST) Agriculture is the backbone and root of Indian economy and Central Goods and service tax (CGST). Tamil Nadu is one of the most socially and economically progressive state. In which helps to sustain industrial growth and key to reduce 2014-15, Tamil Nadu contribute to 8.4 per cent in GDP and poverty. In 2015-2016, Agriculture and allied sectors services contributes to economic activity (45%), accounted for 17.4 per cent of GDP, 48.9 per cent for total manufacturing (34%) and agriculture (21%).
  • State Industrial Profile Tamil Nadu

    State Industrial Profile Tamil Nadu

    STATE INDUSTRIAL PROFILE 2014-15 TAMIL NADU by MSME - DEVELOPMENT INSTITUTE MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSME) GOVERNMENT OF INDIA 65/1, GST Road, Guindy, Chennai-600032 Tel: 044-22501011–12-13 Fax: 044-22501014 Website: www.msmedi-chennai.gov.in email: [email protected] FOREWORD MSME-Development Institute (MSME-DI), Chennai has brought out a compendium on ‘State Industrial Profile of Tamil Nadu-204-15’ a very useful reference material for the aspiring/existing entrepreneurs, Industrial Associations, research scholars on MSMEs etc. The compendium inter alia gives various data/details on MSMEs in the State of Tamil Nadu including fact sheet of Tamil Nadu, General Profile of the State, Economic Profile, performance of major industries sectors, district - wise investment opportunities, identified clusters, various incentives/schemes of Govt. Of India and Govt. Tamil Nadu for MSMEs , performance of major Banks on credit flow to MSE sector etc. The data/details covered in this compendium has been prepared based on the information available/furnished by the Office of Industries Commissioner and Director of Industries and Commerce Govt. Of Tamil Nadu and Govt. Web sites related to Industry. I wish to place on record my appreciation to the team work of Economic Investigation Division of this Institute for bringing out this useful guide. The performance of MSME-DI, Chennai has been improving every year and I wish to thank all our colleagues including Branch MSME-DIs, Field Offices of MSME, Office of Industries Commissioner and Director of Industries and Commerce, Govt. Of Tamil Nadu, District Industries Centres, Industries Associations, Financial Institutions, NGOs, aspiring/existing entrepreneurs and other stake holders for their continued support extend to this Institute for achieving our mission and vision of this Institute.
  • History of Tamilnadu (1800

    History of Tamilnadu (1800

    STUDY MATERIAL FOR B.A. HISTORY HISTORY OF TAMILNADU 1800 - 1967 A.D. SEMESTER - III, ACADEMIC YEAR 2020-21 UNIT CONTENT PAGE NO I SOUTH INDIAN REBELLION 02 II SOCIO-RELIGIOUS MOVEMENTS 11 III TAMIL ANDU IN FREEDOM STRUGGLE 14 IV TAMIL NADU UNDER CONGRESS RULE 21 V RISE OF DMK TO POWER 27 Page 1 of 29 STUDY MATERIAL FOR B.A. HISTORY HISTORY OF TAMILNADU 1800 - 1967 A.D. SEMESTER - III, ACADEMIC YEAR 2020-21 UNIT - I SOUTH INDIAN REVOLT SOUTH INDIAN REVOLT The South Indian Rebellion of 1800-1801 represented a violent reaction against the surrender of the rulers to the British and loss of freedom. As a result of diplomacy and wars, the aliens established their sway over the land. The horrors that attended the growth of imperialism spread a wave of revulsion and led the inhabitants to united action. The outbreak of the Rebellion marked the climax of a determined Endeavour, made by the common people of South India to liberate the Peninsula of JambuDwipa‘ from British yoke and to forestall the fall of rest of India under European authority, so that all the inhabitants of the land, as the rebels declared, could live ―in constant happiness without tears‖. MaruduPandyan of Sivaganga, Gopala Nayak of Dindigul, Khan –i-Jahan of Coimbatore, Kerala Varma of Malabar, KrishnappaNayak of Mysore and Dhondajiwaug of Maharashtra, who organized a formidable confederacy for the overthrow of the British rule, spearheaded the movement. They held a conspiracy at Virupakshi in Dindigul and rose in arms with an attack on Coimbatore on the 3rd of June, 1800.
  • 30 Days of Rainfall, Compared and Management of Water

    30 Days of Rainfall, Compared and Management of Water

    44376 THE WORLD BANK INDIA’S WATER ECONOMY Bracing for a Turbulent Future INDIA’S WATER ECONOMY Public Disclosure Authorized India faces an unsure water future. Unless fresh policies are adopted and implemented to make water development and management sustainable, India will have neither the means to maintain and build BRACING FOR A TURBULENT FUTURE new infrastructure, nor the water required for its survival. This report focuses on two basic issues—the major water-related challenges facing India, and the critical measures required to address them. It calls for a reinvigorated set of public water institutions to sustain I water development and management in India. The study: ECONOMY WATER NDIA’S • examines the evolution of water management in India • describes the achievements of the past • analyses the challenges ahead • suggests ways of evolving a sustainable water management system Public Disclosure Authorized Drawing heavily on background documents by eminent Indian practitioners and policy analysts, it explores various options of managing the transition from past practices in a principled and John Briscoe • R.P.S. Malik pragmatic manner. BRACING FOR A TURBULENT FUTURE The report will be essential for practitioners in the fields of water management, development, and economics. It may prove useful for policymakers, government agencies, NGOs, journalists, and general readers interested in India’s water economy. John Briscoe is currently World Bank Country Director for Brazil. Previously, he was Senior Water Advisor with responsibility for the Bank’s water portfolio both globally and in South Asia. Public Disclosure Authorized R.P.S. Malik currently works with the Agricultural Economics Research Centre, University of Delhi.