Economic Environment of Business

Unit I — Business Environment

i. Business Environment-Meaning, Importance, · ii. Environmental Factors, Nature and Significance, · iii. Interaction matrix of different environment factors, · iv. Process of environmental scanning, · v. Basic philosophies of Capitalism and Socialism with their variants.

Unit II — Regulatory Business Laws

i. Industrial and Licensing Policy, · ii. Foreign Exchange Management Act, · iii. Consumer Protection Act, · iv. Environment Protection Act, · v. New Competition Law, · vi. Securities and Exchange Board of India and Investor's Protection.

• The Foreign Exchange Management Act, 1999 (FEMA)
• Concept of Consumer & Consumer Protection Act 2019
• The Environment (Protection) Act, 1986- Definitions
• SEBI — formation of SEBI Board, role of SEBI (Banking Companies and NBFC's)

Unit III — New Economic Environment

i. Liberalization, · ii. Privatization · iii. Globalization of Indian Economy (trends and issues.) · iv. Special Economic Zone (SEZ), their role and impact in Indian Business Environment

• New Industrial Policy,1991

Unit IV — Monetary And Fiscal Environment In India

i. RBI – Role and functions. · ii. Regulation of money and credit, · iii. Monetary and Fiscal Policies,

• RBI rules & Notifications (Banking) 1949
• Measures of Money Supply in India
• Sources of Public Revenue
• Public Expenditure — Classification and Causes of growth of Public Expenditure