The Impact of ICT on the Profitability of Indian Banks: The Moderating Role of NPA

The role of Information and Communications Technology (ICT) cannot be ignored in today's era of working. Its effects are studied in several sectors by various researchers. This study covers the impact of ICT on the profitability of banks. Thirty-three banks are operating in India. A sample period of 10 years (2010 to 2019) was studied. The study also provides insight into how ICT helps the banks' profitability during and post-COVID-19. A panel data analysis is performed to estimate the results. This study found that ICT adversely impacts banks' profitability (NIM) in India in a linear association. However, the quadratic association indicates a positive U-curved relationship between ICT and profitability. In addition, the Net of Non-Performing Assets significantly but negatively impacts the connectivity of ICT and profitability. The findings imply that banks should invest in ICT to maximize the long run. The findings have no significant implication on all stakeholders, including policymakers, shareholders, and managers, to consider implementing ICT tools as an essential factor in enhancing a bank's profitability in the long run. In addition, the level of otherwise lowered investments in ICT cannot be a fruitful step. The current study augments the existing literature on banking by providing novel evidence on the association of ICT with profitability under the influence of NPA. This study argues for the application of ICT in banks in order to increase their profitability. ICT helps the bank maintain transparency, accountability, and even the reach of financial services increases. This situation again leads to the enhancement of the country's economy.

The technological innovation effect of industrial chain under the ‘double cycle' pattern in the post epidemic era

In order to improve the economic benefits of enterprises under continuing influence of COVID-19, the technological innovation effect of industrial chain under the ‘double cycle' pattern in the post epidemic era is studied in this paper. The fractional planning and integral planning functions of the industrial chain are obtained by constructing the CCR model, and the BCC model calculation of the innovation effect of the enterprise industrial chain is realised by the Chames-Cooper transformation. The data efficiency value of technological innovation effect of industrial chain under the ‘double cycle' pattern is obtained via the SBM network model for analysis on the technological innovation effect of industrial chain. The experimental results show that the effect of industrial chain technological innovation is analysed from the aspects of main business income and the profit margin of enterprises extending the industrial chain and connecting the industrial chain. The highest profit margin after connecting the industrial chain technological innovation is 34.2%, which proves that technological innovation can improve the economic benefits of enterprises. Copyright © 2023 Inderscience Enterprises Ltd.

An Analytical Study Of Financial Performance Using Ratio Analysis Of PublicSector Enterprises With Special Reference To "SAIL" Post COVID 19

This paper aims to ingress the position of sale from the year 2016- 2022 . This current study aims to examine the profitability and working capital management of SAIL with the important statistical tools like mean, standard deviation, minimum and maximum coefficient of variation etc and ratios.Profitability is financial standard of Corporate ability to gain profit and it can be measured through profitability ratios such as Gross Profit ratio, Net profit ratio, return on capital employed etc.Working Capital Management incorporatethe relationship between a firm's current assets and current liabilities. It represent that a company can afford itsday to day operating expenses to continue its operations. It can be examine through current ratio, liquid ratio, current assets turnover ratio, total assets turnover ratio, working capital turnover ratio, debtor turnover ratio and inventory turnover ratio.Hence, it was concluded that the overall performance of SAIL regarding profitability was negative during the first two years of study period though the company's sales are growing but after that company started earning profit, but again during the covid period profit started declining, but again it recovered and profitability started rising with the increase in sales.This paper analysis that management of working capital detect the liquidity position and the area of weaknesses and also provide recommendation for removal of the weaknesses of the public sector enterprises with special reference to SAIL. Copyright © 2022 Wolters Kluwer Medknow Publications. All rights reserved.

A Call to Action Against Persistent Lack of Transparency in Vaccine Pricing Practices During the COVID-19 Pandemic.

Lack of transparency in vaccine pricing practices is a problem that has been under discussion for a long time. To tackle this, the World Health Assembly adopted the resolution Improving the transparency of markets for medicines, vaccines, and other health products in 2019. However, despite the appalling effects of the current pandemic and the unequal global distribution of vaccines, the 2019 resolution has not been included as a fundamental pillar in the global health response to COVID-19. Governments and public health agencies have provided public funding to pharmaceutical companies for research and development of new vaccines. Yet, information on pricing strategies and methodologies is still inaccessible. Furthermore, these companies are profiting from publicly funded research and development. But secrecy and opacity prevails in the pharmaceutical industry, affecting low and middle income countries. Situating the demand for transparency, accountability and fair pricing of pharmaceutical products as a global health justice issue, I suggest an independent global observatory for accountability and transparency in the pharmaceutical global market should be created to help international organizations, governments and civil society in their quest for affordable and safe vaccines and therapeutics.

Covid -19 and Performance of Housing Finance Companies in India

Coronavirus pandemic has hit over millions of people around the world and definitely not the first epidemic the world is witnessing. In fact, the world has seen at least five such epidemics, namely, SARS (Severe Acute Respiratory Syndrome), Avian Influenza, Swine Flu, Ebola and Zika in last one decade or so. All of these had a cascading effect on the global as well as domestic share markets. It was observed that nifty 50 fell as much as 15 per cent during these difficult times, but also recovered over 90 per cent return in the following one year. The impact of the pandemic is felt by all sector of the economy. The housing finance sector is no exception to this. The article aims to examine the performance of housing sector by taking five sample companies, namely, HDFC, LIC Housing Finance Ltd, India bulls Housing Finance Ltd, Aawas Financers Ltd and CanFin Homes Ltd on the basis of key parameters like Net Revenue, Net profit margin, Return on equity, Earning per share, interest coverage ratio and Growth rate in quarter end stock prices of last five quarters starting from June, 2019 to June, 2020.

Innovations and firm performance: a study of the global airline industry

The International Air Transport Association (IATA) reports that the impact of COVID-19 translates into a $630 billion reduction in tourism and travel related GDP and over 26 million job loss. This study examines how innovation influences company performance within the global airline industry covering the periods 2000 to 2020. Several fixed and random effect models and system-GMM approaches were employed. The findings indicate that higher investment in innovation helps increase profit margin and return on equity but reduces return on assets. Higher return from product development expenses (higher product development expenses) increases (decreases) profitability and efficiency of the company. Also, higher product development expense and profitability nexus indicates that companies may have to rely heavily on internal capital while financing for research and development (R&D). While national bailouts, mergers, climate change related sustainability agendas will be issues as airlines get back on slowly with the gradual opening of economies and vaccine miracle, the findings reported in this paper will bear significant policy implications for the sector overall.

CAN E-COMMERCE IMPROVE THE PROFITABILITY OF AGRICULTURAL CO-OPERATIVES?

In 2020, COVID-19 has exerted a significant impact on the sale of agricultural products in China. Against this background, the e-commerce has played an important role in solving this problem. Therefore, it has once again become the focus of attention of the Chinese government and researchers. The co-operative is an important channel for Chinese farmers to sell agricultural products, and thus, it is a vital research issue to discuss whether the application of e-commerce in the co-operative is conducive to the improvement of its profitability. This study therefore uses Logit model to analyze the factors affecting the use of e-commerce in co-operatives and PSM model to calculate the impact of e-commerce on the profit margin of co-operatives. The following conclusions can thus be drawn: (1) The gender and education level of decisionmakers and the degree of processing and relevant certification of products are important influencing factors, (2) e-commerce can significantly improve the profit margin of co-operatives, and (3) e-commerce plays a more significant role in improving the profit margin of co- operatives selling primary processed products. These study conclusions are based on national-level survey, and thus, the industrial policies should be formulated according to these influencing factors to support the development of e-commerce in co-operatives, especially those selling primary processed products.