https://ejournal.lincolnrpl.org/index.php/ajmt <p>An international, peer-reviewed, multidisciplinary, quarterly, scholarly, refereed journal published by Lincoln Research and Publications Limited, Australia. AMT publishes Management, Business, Accounting, Healthcare, Hospitality, Tourism and Technology related articles.</p> Lincoln Research and Publications Limited, Australia en-US Advancement in Management and Technology (AMT) https://ejournal.lincolnrpl.org/index.php/ajmt/article/view/204 <p>In this paper the author showed the trends of fiscal deficit and examined the short run and the long run nexus between fiscal deficit and gross domestic product per capita, inflation rate (CPI), external debt (% of GDP), unemployment rate (% of labour force), income inequality (income share difference between top 10% and bottom 50%), and military expenditure, respectively, during 1950-51-2023-24 in India by applying Auto Regressive Distributed Lag model. The paper found that the fiscal deficit contains a quadratic trend and denoised wavelet shrinkage. Automatically selected ARDL (3,0,2,3,0,0,3) model, where Akaike Information Criterion (AIC) is minimum, showed that the fiscal deficit is positively associated with inflation and negatively related with debt and per capita GDP significantly in the long run while positively related with inflation and debt and negatively related with military expenditure in the short run significantly. The cointegrating equation states that inflation and debt are directly related and GDP per capita is inversely related to fiscal deficit, and it is converging towards equilibrium at the speed of adjustment of 92% per annum significantly. Unemployment and income inequality have a positive impact on the fiscal deficit in the short and long run insignificantly. The model is stable and contains no serial correlation but contains heteroscedasticity and non-normality. The model demands expenditure-reducing policies in non-plan and defence expenditure, as well as employment and poverty amelioration-oriented fiscal financing at a threshold limit, to achieve sustainable economic growth. </p> Debesh Bhowmik Copyright (c) 2025 Advancement in Management and Technology (AMT) https://creativecommons.org/licenses/by-nc/4.0 2025-04-30 2025-04-30 5 4 1 15 10.46977/amt.2025.v05i04.001 https://ejournal.lincolnrpl.org/index.php/ajmt/article/view/203 <p>Festivals are a time of celebrations. People increase their purchases during the festive season. This is the time when the market absorbs more employees to meet the demand of consumers. Enterprises and organisations try hard to accelerate their sales during the festive period. This is the best time for the tribals too, especially the women, to join this flow of festivity and get involved in the business of profit. Through Tribal Co-Operative Marketing Development Federation of India Limited (TRIFED) and National Scheduled Tribes Finance and Development Corporation (NSTFDC), the Ministry of Tribal Affairs promotes entrepreneurship among tribal women. Pradhan Mantri Jan Jatiya Vikas Mission (PMJVM) provides help for marketing of MFP and tribal products. The fruits of these policies of Government are reaped by the tribals, mainly during the festivals. Festivals provide a platform for the tribals to showcase their crafts, gain recognition and earn a better income. As most craft makers are women, this leads to their economic development. The products are demanded not only in India but even in foreign nations. This could be seen in 'Tribes India Aadi Mahotsav'. So, festivals are spreading their lights and colours in the lives of tribal women by increasing their source of income, making them self-sufficient and helping in their economic development.</p> Nidhi Pandey Prakash Chaturvedi Vanita Kumari Soni Copyright (c) 2025 Advancement in Management and Technology (AMT) https://creativecommons.org/licenses/by-nc/4.0 2025-04-30 2025-04-30 5 4 16 24 10.46977/amt.2025.v05i04.002