Journal Press India^®

Editorial

VISION continues in its endeavor to addresses diverse themes in taxation and promote inter-disciplinarity for a broader perspective on those issues of the economy which have a bearing on the overall tax system as well as finances of the government.

The paper by Ms. Sushmitha G. and Dr. N. Nagaraja study risk management in cooperative banks in India. They analyse various aspects of the risk management system and trends of non-performing assets in co-operative banks in India for the period of 2011 to 2018 and observe that while the gross NPAs of urban co-operative banks have decreased over the period, the net NPAs of urban co-operative banks increased over the same period. A comparative analysis of budgeted and actual expenditure of India has been done by Ms. Priyanka Chawla. Taking revenue and capital developmental and non-developmental expenditure into consideration and employing statistical tools, the author observes that there is no significant difference between budgeted and actual expenditure of India. Mr. Abhishek N. and Prof. Divyashree M. S. analyse the public sector accounting system at the global level and in Indian context. The authors observe that while the global public sector accounting is based on accrual accounting which follows prudence principle of accounting, in Indian context, governments are accounting more on cash basis. India has made efforts to initiate accrual system in the last few years but it still needs to be worked upon.

The paper on Performance Evaluation of State Finance Corporation (SFCs) in India by Mr. P. Siva Reddy and Prof. S. Vijaya Raju evaluates the financial as well as operational performance of SFCs in India in general and the Andhra Pradesh State Finance Corporation (APSFC) in particular during 2007-2017. The findings indicate that APSFC occupies a premier place among all the SFCs in its lending operations as well as recovery performance.

In view of recent and significant cases of bank frauds in India and the consequent adverse impact on the strength of the Indian financial system, this issue of VISION includes a paper on selected cases of banking frauds in India by Ms. Mamta Shah and Dr. Anurag Mittal. The authors discuss the causes and risk factors associated with the frauds in the banking sector and also suggest measures to check such frauds. The regulatory reforms introduced by the government have also been discussed in the paper. Prof. Ajay Kumar, in his paper on structural aspects of SHGs examine the role of SHG micro-credit as a tool of capacity development and women’s empowerment in rural areas of Hamirpur and Una districts in Himachal Pradesh. Employing primary survey data, the author observes that the capacity of women is built up in spheres that were previously not their domain, for example, opening and operating bank accounts, visiting local offices and accessing loans.

To understand the functioning and efficiency of tax administration in India, this issue has a commentary on ‘Digitization of tax administration in India’. The commentary discusses the meaning and significance of digitization, along with the concepts of digital economy and knowledge economy. It also discusses the role of digital tools developed and other IT initiatives taken for various types of taxes such as income tax and GST. In all, digitization in tax administration has brought about benefits in the form of cost reduction and better compliance.

Hope the readers would find this issue of VISION having a broader perspective and useful insights on domains that have a bearing on revenues and expenditure of the government.

Dr. M. M. Sury

Dr. Prasant Kumar Panda

   Editors