Informatics Publishing Limited

Ajay Kumar Garg

Abstract

Leasing business has good prospects in India. At present, the leasing industry is growing in almost regulatory vacuum. But, the regulation of these companies is necessary not only to protect the funds of the public and the banks, but also to place the leasing industry on a sound footing. These are found urgently wanting. The present era is known as the "survival of the fittest". So is in leasing industry also. With the advent of specialization as the key to success, it is the high time for leasing industry also to reorient itself to the very needs of the market and lay its sole emphasis on market responsiveness. This is what is called professional outlook. In the US, which has the largest leasing industry in the world, lease financing contributes to approximately one fourth of total business investment. In India, leasing business gained momentum only after 1983. Lease financing has become very popular in India and in western countries. There is evidence that the pressure of competition is already building up and lease rentals have declined. Despite its rapid growth in India, leasing has so far contributed to only a small proportion of the business investment. It is expected that the business of the leasing companies will grow fast and they will be able to make a significant contribution to total business investment in India.

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Satyendra Arya ¹, Ajay Kumar Garg ², Rakesh Kumar Mudgal ³

Affiliations
1 Department of Management Studies, Teerthanker Mahaveer University, Moradabad, IN
2 School of Administrative Sciences, Fairleigh Dickinson University, CA
3 Teerthanker Mahaveer University, Moradabad, IN

Abstract

Carbon credit is an element, which is used to aid in regulation of the amount of carbon dioxide that is being released into the air. This is the part of a global plan which has been created in an effort to reduce the global warming and its effect. This global plan works by capping the amount of total emissions that can be released by one organization. If there is a shortfall in the amount of gases that are used, there is a monetary value assigned to this shortfall and it may be traded and the trading of these carbon credits is known as Carbon Credits Trading. This research paper is focused on the Carbon Credits Trading Practices within Indian organizations. The main objective of this research paper is to explore the different carbon credits trading practices which are adopted by the Indian organizations.

Keywords

Carbon Credits Trading, Clean Development Mechanism, Kyoto Protocol, Emission Trading (ET), Allowance Based Mechanism and Certified Emission Reductions (CERs).

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