Business Environment

The objective of the course is to provide the student with a background of various
environment factors that have major repercussions on business and sharpen their
mind to watch and update the changes that occur constantly in this sphere.
1.      Analysis of business environment technological, political and economic
2.      Industrial Policies: A brief review of industrial policies since independence,
Industrial policy of 1991 and recent developments, Policy on foreign direct
investment in Indian industry.
3.      Fiscal Policy: Public revenues, public expenditure, public debt, development
activities financed by public expenditure, An evaluation of recent fiscal policy of
Government of India – Highlights of Budget.
4.      Monetary Policy: Demand for and supply of money, Objectives of monetary
and credit policy, Recent trends- Role of Finance Commission.
5.      Balance of Payments: Structure, Major components, Causes for dis-
equilibrium in Balance of Payments, correction measures, Impact of New
Economic Policy on Balance of Payments, Recent trends.
6.      India’s Trade Policy – Magnitude and direction of Indian International trade,
bilateral and multilateral trade agreements, EXIM Policy, Role of EXIM Bank.
7.      WTO: Nature and scope - Organisation and structure – trading blocks – role
and functions of WTO in promoting world trade – Principles followed-
Agreements reached in the Uruguay round including TRIPS, TRIMS and GATS,
Disputes settlement mechanism- Dumping and Anti-dumping measures – Critical
review of WTO functioning.
8.      Money and Capital market: Features and components of Indian Financial
system, objectives, features and structure of Money market and capital market,
recent developments- Stock Exchanges, Investor Protection and Role of SEBI.
9.      Legal Framework: Special features of The SICA (Special Provisions) 1985,
BIFR, Consumer Protection Act, 1986,
10.  Government industry interface – market intervention, need for regulation and
promotion monitory and fiscal policies.
11.  Consumerism, consumer protection, labour issues (national and international)
12.  Analysis of competitive environment – competitive policy and law
13.  Role of government in industrial development.
14.  International business environment analysis
15.  Ecology and sustainability development and corporate governance