: Rani, 2009 has made a research on “A study on financial management in southern railway”, the research has discussed the railway department is a government concern and it runs on a commercial basis being a huge national enterprise and big business houses. The main function is to provide safe, quick, efficient, and economical transport for carriage of passenger, parcels, luggage, goods & livestock of the entire satisfaction to the general public at a reasonable profit. It covers long distances and carries heavier types of goods. Railway has become an important transportation in India. Its fewer expenses and efficient transport for speedy, safe, and cheap for industrialists, farmer & businessmen as well as their goods to transport from one part of the country to another. The southern railway is facing problems of raising the cost of operations on one hand and heavy demand from the public on the other and the railway is striving to strike a balance between the two. The operational cost of the southern railway is rigid and the railway is unable to control or reduce the expenditure such as wages, fuel, spare parts, etc. so that the gap is growing between operational cost and revenue. This study has used descriptive and analytical methods and various techniques like means, standard deviation, coefficient of variation, linear growth rate, compound growth rate, annual growth rate, multiple regression analysis, correlation, trend forecasting, ration, etc. are used for analyzing and interpreting the quantitative data. The southern railway is doing social service and national interest has been undertaken on a certain uneconomic operation. It provides affordable transportation facilitates to the poorer section of society and help the movement of essential commodities for mass consumption, it incurred a loose on account of social service obligation.
[03/12, 9:48 am] Lovely Broda: Vijayan, 2014 has made a research on “A financial analysis of Kerala state road transport corporation (KSRTC)”, the researched has deliberated that the Passenger Road transport service (PRTS) is very essential in a country for the development of an economy. It's essential to convince where people not just connect but also progress. In history, it indicates people’s progress has been sustained on the convincing, safety, and speed of mode of transport. Road transport has occupied a primary place in the day-to-day world, as it provides a reach unparalleled by any other contemporary mode of transportation. The main objective of the study is to evaluate its performance, employee evaluation for that exploratory research design is used. The parameter from two different populations is tested with the help of the “T” test, Pearson correlation coefficient, multiple regression, linear trend model, exponential trend model. When the corporation was established they made a profit for two years then they started losing shine. Kerala State Road Transport Corporation (KSRTC) is well structured administrative setup & all recruitment is made through the public service commission. During the period of analysis, they never made a profit. When KSRTC compared with Bangalore metropolitan transport corporation by using the “T-test” the result indicate that there is no significant variation. When the play scale of a pattern of the employee of KSRTC & other states public sector enterprise were compared with the help of correlation analysis and “T-test” revealed that KSRTC is not significantly lower than other public state enterprises.
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