Value added analysis for performance evaluation of TNSTC

Financial viability is perhaps the central theme of any business proposition. The terms financial management may be applied to any kind of undertaking or organization regardless of its aims or constitution. Therefore, proper financial management in Tamil Nadu State Transport Corporations (TNSTC) will help not only to provide greater return on investment but also to provide better services at reasonable prices to the society, to pay higher wages and salaries to their employees and to operate business efficiently. (Oct-Dec 2007)