An Analysis of Financial Management of Electricity Company in Kota, Rajasthan

2021 ◽  
Vol 1 (3) ◽  
pp. 06-17
Author(s):  
Laxmi Saxena ◽  
◽  
Dr. Pratima Rawal ◽  
◽  
Keyword(s):  
Financial Management ◽  
Power Transmission ◽  
Financial Analysis ◽  
The State ◽  
Public Utility ◽  
Secondary Source ◽  
Phase Point ◽  
Financial Strength ◽  
The Government ◽  
Tools And Techniques

On 19th July 2000, Government of Rajasthan issued a gazette notification by which Rajasthan State Electricity Board (RSEB) was unbundled into new entities based on functional specialization. RSEB was unbundled into five new entities out of which Rajasthan Rajya Vidyut Prasaran Nigam Ltd., (RVPN) is constituted as transmission company. Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) was discharging wheeling of power and electricity transmission only. The Transmission Company operates all the 765 kV, 400kV, 220 kV and 132 kV electricity lines and system in the State. Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) deliver power from the location of generation to inter-phase point of Discoms so as to enable them to supply where it is needed either in the homes or in businesses they serve. The main important objective of the RVPN is to provide reliable electric transmission service to the customers. Being infrastructure of RVPN it serves as the link in transporting electricity to millions of electricity users as a public utility. RVPN is a Government Company and its Authorized Share Capital is Rs. 7000 crore and paid up capital is Rs.4441.04 as on 31.13.2019. RVPN is a State Power Transmission Utility, wholly owned by the Government of Rajasthan which undertakes activities relating to transmission of power and management of load dispatch in the state of Rajasthan. This study analysis the capital structure and financial performance of Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) of the last three years 2016-17 to 2018-19. The required data were collected from the secondary source i.e. audited final accounts of RRVPNLTD. This research paper was an effort to identify its financial strength and weakness with the help of various financial analysis tools and techniques.

Finance

2021 ◽  
pp. 305-350
Keyword(s):  
Interest Rates ◽  
Financial Management ◽  
Financial Analysis ◽  
Time Value Of Money ◽  
Advantages And Disadvantages ◽  
Time Value ◽  
Tools And Techniques ◽  
Relationship Of ◽  
The Relationship ◽  
Value Of Money

This chapter deals with the principles of finance as applied in the foodservice industry. It discusses the concept of revenue management, financial analysis and reporting, financial control, principles of budgeting, and forecasting. Specifically, it discusses finance in general and of the financial system and the meaning and application of financial management. It introduces the basics of the advantages and disadvantages of the different types of organizations. The important topics presented are the relationship of finance to other business disciplines, basic financial information in decision-making, understand financial statements, and financial ratios. It applies several analysis tools and techniques to learn about the time value of money, interest, and interest rates.

scholarly journals PENGATURAN PROSEDUR PEMBATALAN SERTIPIKAT HAK ATAS TANAH YANG MERUPAKAN BARANG MILIK NEGARA

1970 ◽  
Vol 2 (3) ◽  
Author(s):  
Anak Agung Istri Diah Mahadewi
Keyword(s):  
Land Rights ◽  
The State ◽  
Legal Action ◽  
Research Results ◽  
The Government ◽  
Legal Concepts ◽  
Tools And Techniques ◽  
Legal Force

AstractThis study discusses, "regulation of Procedure Cancellation of Certificate of Land whichis the State Owned Assets", which aims to study theoretically on Cancellation of Certificateof Rights to the land including State owned Assets, ie, how the implementation Regulation ofCancellation of Certificate of Land to include of State.This research is a law that is derived from primary and secondary legal materials werethen analyzed by using the approach of legislation and legal concepts and approaches usinganalytical tools and techniques argumetasi legal description.Discussion and research results can be summarized as follows: Regulation Procedurecancellation of Certificate of Land which is the State Owned Assets can not provide legalcertainty for the National Land Agency officials in conducting cancellation, because to thestate owned assets known as asset removal must be approved by Property Manager theMinister of Finance, while the state owned assets such as land has issued a certificate if theobject of the dispute and has permanent legal force in terms of the form of action settlementwith the cancellation of the certificate of land Rights. So in this case the absence of a definiteregulation that can be used as guidelines for the Government Apparatus to take legal action inthe form of cancellation of Certificate of Land Rights

scholarly journals THE THOUGHT OF ABU YA’LA CONCERNING FINANCIAL SUPERVISION (STUDY ON THE BOOK OF AL-AHKĀM AL-SULṬĀNIYYAH)

2021 ◽  
Vol 6 (1) ◽  
pp. 68
Author(s):  
Rahmat Rahmat ◽  
Azwar Iskandar ◽  
Khaerul Aqbar
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Islamic Law ◽  
The State ◽  
Financial Supervision ◽  
Law Enforcement Agencies ◽  
Philosophical Approach ◽  
The Government ◽  
The Right ◽  
Finance Supervision

This study aims to find out the thought of Abu Ya'la concerning public finance supervision according to Islamic law in the book of al-Aḥkām al-Sulṭāniyyah. This research is qualitative descriptive research with library research method and juridical-philosophical approach. The results showed that construction of Abu Ya'la's thought on public finance supervision was included in the system of hisbah, i.e. the system of the indication and the possibility to involve two parties; (1) an independent institution created by the government to supervise the financial management of the state, whether structural in the state institutions or independent purely and non-structural; (2) other parties involved in this efforts is society, so that the entire community of people are kindly participated in the oversight efforts. In Abu Ya'la's perspective, a Hisbah institution is not a pro justicia institution that does not have the right to impose criminal or civil sanctions, but has the right to listen to public complaints about the deviation of the state's financial management and cooperate with law enforcement agencies making claims.

Effect of the global financial crisis on the financial performance of public listed construction companies in Malaysia

2014 ◽  
Vol 19 (3) ◽  
pp. 246-263 ◽  
Author(s):  
Hui Ying Lai ◽  
Abdul Rashid Abdul Aziz ◽  
Toong Khuan Chan
Keyword(s):  
Financial Crisis ◽  
Financial Performance ◽  
Financial Management ◽  
Capital Investment ◽  
Global Financial Crisis ◽  
Financial Analysis ◽  
Content Type ◽  
Construction Companies ◽  
The Government ◽  
The Impact

Purpose – The aim of this case study is to characterize the impact of the 2008 global financial crisis on the financial performance of public listed construction companies. Design/methodology/approach – Financial analysis was conducted on 32 public listed construction companies in Malaysia. Twelve financial ratios were examined to determine the profitability, liquidity, activity, leverage and solvency of these companies over the period between 2005 and 2010. This was complemented by a distress analysis using Altman’s Z-index. The study also used a content analysis of the Chairman’s or Managing Director’s statement to shareholders to uncover the responses and strategic initiatives undertaken by the management in response to the financial crisis. Findings – The only direct impact of the financial crisis was a reduction in profitability. Total revenues and total assets of these companies continue to grow due to increased demand for construction from year 2007 following two large capital investment programs initiated by the Malaysian Government to mitigate the potential effects of the financial crisis. Net profits rebounded back to 5 per cent by year 2010. These companies immediately responded to the crisis with more prudent financial management; curtailing expenses, cutting dividends, reducing bank borrowings, increasing equity; and to the extent of disposing of assets to mitigate losses. Research limitations/implications – The sample of only 32 public listed companies out of a total of more than 60,000 construction companies may be considered small, but these 32 companies represent nearly 20 per cent of the total construction volume for 2010. Practical implications – The study documents the effects of increased capital spending by the government to mitigate the loss of investor confidence followed by a slowdown in economic growth during a period of global financial distress. Key findings will inform on prudent financial management to withstand future financial crises. Originality/value – The responses and strategies adopted by the management to mitigate the effects and to enhance future performance of these companies have been uncovered. These are important considerations in managing construction companies; the analysis and observations will be invaluable to researchers intending to study how the construction industry responds to a future slump in demand.

scholarly journals Household Debts: Global Experience of Restructuring Debts and Ukrainian Reality

2021 ◽  
Vol 2 (48) ◽  
pp. 194-202
Author(s):  
V. O. Kornіvska ◽  
◽  
O. L. Yaremenko ◽  
Keyword(s):  
Social Context ◽  
Aggregate Demand ◽  
The State ◽  
Public Utility ◽  
Financial Behavior ◽  
Household Debt ◽  
Support Design ◽  
Debt Restructuring ◽  
Moral Hazards ◽  
The Government

The research results on the global problem of household debt growth, its causes, consequences, social context, and influence on the formation of aggregate demand are presented. It is substantiated that with the growth of debts, households are losing their share in aggregate demand, and the state is becoming an increasingly influential player compared to others due to the strengthening of fiscal and regulatory government influence. Facing the increasing debt pressure, households start reducing consumption, thus negatively affecting aggregate demand. The government, on its part, trying to improve the situation, increases subsidies and provides policies that encourage banks to restructure loans, develops restructuring programs, etc. These trends are proven to be of an urgent character and should not be routinized, in order not to distort the market environment or increase the direct influence of the state on purely market processes. The analysis of global experience, carried out in the article, shows that in the condition of economic destabilization debt restructuring is the only way to help the population out of the debt trap. Special attention is paid to the analysis of the ways to harmonize the accumulation of household debt through restructuring, to identify its market mechanisms, and to prove that the state should provide extensive assistance to households trying to overcome the debt trap. Three options for the state participation in the restructuring process have been identified: institutional participation (when the state only provides regulatory support); design and implementation of state restructuring programs; adoption of regulations on compulsory restructuring. New Ukrainian norms and regulations related to forced debt restructuring are analyzed, and their social context is proved to be contradictory. On the one hand, the adoption of corresponding laws became a significant step towards maintaining the social stability of the Ukrainian population against the background of the growing poverty and increasing total indebtedness of the people (even in the sphere of payments for public utility services), and the growing currency risks. On the other hand, Ukrainian market players often show moral hazards of non-compliance with the conditions of debt discipline, which have become part of the financial behavior, negatively affecting the general financial culture.

scholarly journals EVALUATION OF EFFICIENCY IN THE PUBLIC SECTOR

2016 ◽  
Vol 4 ◽  
pp. 463
Author(s):  
Ērika Žubule ◽  
Lūcija Kavale
Keyword(s):  
Public Sector ◽  
Performance Indicators ◽  
Financial Management ◽  
Systematic Approach ◽  
The State ◽  
Financial Policy ◽  
Government Budget ◽  
The Public ◽  
State Administration ◽  
The Government

The paper is focused on the efficiency of government activities and possibilities of evaluating it. Nowadays an appropriate use of public finances is an urgent problem of financial management of the state. Therefore, a special emphasis is put on the necessity to evaluate the results of activities of the public sector. These results have become an important element of the public financial system oriented towards results, as they form a stable base for planning and evaluating government budget resources. Being unaware of results, it is impossible to estimate if the aims and tasks set by the government financial policy are real and appropriate to the current situation and financial resources. Therefore a systematic approach to the evaluation of activities of the state administration is necessary. It can be done with the help of the system of efficiency indicators.Existing views on efficiency evaluation options for the public sector in economic literature are summarized, related issues are highlighted and trends in the improvement of the performance indicators system are identified in the research.

scholarly journals Kedudukan Bendahara Pasca Undang-Undang Nomor 1 Tahun 2004 tentang Perbendaharaan Negara

2016 ◽  
Vol 1 (3) ◽  
pp. 19-33
Author(s):  
Febie Saputra
Keyword(s):  
Financial Management ◽  
Functional Role ◽  
Good Governance ◽  
The State ◽  
State Budget ◽  
Finance Law ◽  
State Finance ◽  
Financial Audit ◽  
The Republic ◽  
The Government

The three packages of law on state financial management (Law No. 17 of 2003 on State Finance, Law No. 1 of 2004 on State Treasury and Law No. 15 of 2004 on State Financial Audit) have some fundamental differences from previous regulations. One of them is to post State Treasurer as a functional role. The government conducts a central role in achieving good governance in the implementation of the state budget. Article 23 verse (1) of the 1945 Constitution of the Republic of Indonesia provides a strong legal basis to implement the principles of good governance. In managing the state budget, one mechanism to implement good governance is to improve state treasurer professionalism as a functional role; unfortunately, the research shows that more sustained and coherent efforts are needed to realize this.   Abstrak Apabila dibandingkan dengan peraturan perundang-undangan sebelumnya, ketiga paket undang-undang pengelolaan keuangan negara, yaitu Undang-Undang Nomor 17 Tahun 2003 tentang Keuangan Negara, Undang Nomor 1 Tahun 2004 tentang Perbendaharaan Negara dan Undang-Undang Nomor 15 Tahun 2004 tentang Pemeriksaan Pengelolaan dan Tanggung Jawab Keuangan Negara, memiliki beberapa perbedaan yang cukup mendasar. Salah satu di antaranya adalah jabatan bendahara sebagai jabatan fungsional. Pemerintah memegang peran utama dalam mewujudkan good governance dalam pelaksanaan anggaran belanja negara. Pasal 23 ayat (1) Undang-Undang Dasar Negara Republik Indonesia 1945 telah memberikan landasan hukum yang kuat dalam rangka penerapan prinsip-prinsip good governance. Dalam mengelola APBN, salah satu mekanisme untuk mewujudkan good governance adalah dengan meningkatkan profesionalisme bendahara negara sebagai tenaga fungsional; namun demikian, penelitian menunjukkan bahwa upaya terkait dan berkelanjutan dibutuhkan untuk merealisasikan maksud tersebut.

scholarly journals They Moved the Earth: The Slaves Who Built the Tennessee State Capitol

2008 ◽  
Vol 4 ◽  
Author(s):  
Thomas Joseph Broderick IV
Keyword(s):  
State Government ◽  
Source Material ◽  
The State ◽  
Secondary Source ◽  
Skilled Labor ◽  
Construction Site ◽  
Unskilled Labor ◽  
The Earth ◽  
The Government ◽  
Limestone Rock

By utilizing primary and secondary source material, this essay attempts to examine both the use of slavery during the construction of the Tennessee State Capitol and the lives of the slaves involved. Though written histories on the Capitol agree that slavery was used at the construction site, no further details are given. The goal of this essay is to bring to light the full story of the group of slaves that were involved in the construction. In the spring of 1846, fifteen slaves, all men, were loaned to the state government by A.G. Payne, a Nashville stone mason. For nearly a year they carved out the Capitol’s cellar, their skilled labor worth nearly twice as much as the unskilled labor of free men. These slaves broke through tons of limestone rock, carting it away after digging. When construction required skilled stonemasons, the slaves returned to their master’s properties. For fourteen years up until Payne’s death, they worked at both a farm and brick factory, the monotony briefly punctuated by being hired out. Due to debts incurred by Payne just before his death, the slaves were to be sold. The Civil War imminent, the slaves remained with Payne’s widow until their emancipation. After emancipation, the records on all but three of the men stop completely. Out of the three remaining men, the children of one were prospering. They had been taught to read. The government their father had helped physically build was finally working for their interests.

Filantropi Islam sebagai Strategi Manajemen Keuangan Lembaga Pendidikan

2019 ◽  
Vol 1 (1) ◽  
pp. 27
Author(s):  
Mukhlisin Mukhlisin ◽  
Endin Mujahidin ◽  
Indupurnahayu Indupurnahayu
Keyword(s):  
Literature Review ◽  
Financial Management ◽  
The State ◽  
Future Generations ◽  
Educational Institutions ◽  
Access To Education ◽  
State Budget ◽  
The Government ◽  
To Receive

<p class="15bIsiAbstractBInggris">The government has indeed allocated 20% of the state budget for education. Nevertheless, there are still Indonesian children who have not yet had access to education with standards. Therefore, it is an essential awareness of Islamic Philanthropy from individuals of Indonesian society and educational institutions so that it is expected to be more wide open the opportunities of future generations to receive a decent education. The purpose of this study was to obtain an explanation of the concept of Islamic Philanthropy in the Book of Regional Territories at Ta'lim wa al Waqfi fi al Mujtama'at al Islamiyah. The approach used in this research is library research.The results of this study indicate that Islamic Philanthropy with various kinds such as endowments, zakat, infaq, alms and grants can be a strategy as well as a solution in terms of financial management of educational institutions related to income and use. based on a literature review of the Tamwil at Ta'lim wa al Waqfi fi al Mujtama’at al Islamiyah which provides a strong foundation for the purpose of Islamic Philanthropy including in financing educational institutions</p><p class="16aJudulAbstrak"><strong>Abstrak</strong></p><p class="16bIsiAbstrak">Pemerintah memang telah mengalokasikan 20% dari APBN untuk pendidikan. Meskipun demikian, masih ada anak-anak Indonesia yang belum mendapatkan akses pendidikan dengan standar. Oleh karena itu, sangat diperlukan kesadaran Filantropi Islam dari individu masyarakat Indonesia maupun lembaga pendidikan sehingga diharapkan akan lebih terbuka lebar peluang generasi mendatang mengenyam pendidikan yang layak. Tujuan penelitian ini adalah untuk mendapatkan penjelasan tentang konsep Filantropi Islam dalam Kitab <em>Tamwil at Ta’lim wa al Waqfi fi al Mujtama’at al Islamiyah</em>. Pendekatan yang digunakan dalam penelitian ini adalah <em>library</em> <em>research</em>. Hasil penelitian ini menunjukkan bahwa Filantropi Islam dengan berbagai ragamnya seperti wakaf, zakat, infak, sedekah dan hibah bisa menjadi strategi sekaligus solusi dalam hal pengelolaan keuangan lembaga pendidikan terkait dengan pendapatan dan penggunaannya. berdasarkan kajian pustaka kitab <em>Tamwil at Ta’lim wa al Waqfi fi al Mujtama’at al Islamiyah</em> yang memberikan landasan kuat pemanfaatan Filantropi Islam termasuk dalam pembiayaan lembaga pendidikan.</p>

scholarly journals The effect of it-transformation of the country's financial potential during the post-conflict reconstruction

2018 ◽  
Vol 7 (3) ◽  
pp. 15-25 ◽  
Author(s):  
Nataliya Vyhovska ◽  
Andrii Polchanov ◽  
Serhii Frolov ◽  
Yevhenii Kozmenko
Keyword(s):  
Financial Analysis ◽  
Practical Experience ◽  
The State ◽  
Armed Conflicts ◽  
State Budget ◽  
Post Conflict ◽  
Financial Strength ◽  
Military Conflicts ◽  
Financial Environment

Over the last five years, Ukraine suffers from armed conflicts that cause substantial losses in the state budget. In this context, shaping the prospects and developing measures for the post-conflict reconstruction of the state and its economy is an important problem. The very possibility and the effectiveness of such measures will depend on the country's financial potential as well as on the financial strength of its entities. This potential is dynamic and influenced by information technology, without which any institution cannot go.Given the particular significance of the financial potential IT-transformation, the role of digital forms of money, crowdfunding and initial coin offering (ICO) was identified. It is substantiated that while overcoming the consequences of military conflicts, their implementation facilitates the attraction and acceleration of the financial resources movement. By generalizing the developments and practical experience of Ukrainian fintech-companies, the principles of such developments application for assessing the external financial environment of economic entities and conducting financial analysis have been shaped.

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