Department of Commerce

87/1, College Street, Kolkata - 700 073 Phone : 2241 0071-76 / 4984- 90 (Extn: 305)

Year of Establishment

About the Department
From its inception in 1922, the Department of Commerce, University of Calcutta has traversed a long way before resting on the laurels of becoming the first UGC-acclaimed Centre of Advanced Study (CAS) among Commerce Departments of UGC-approved Indian universities. The Department takes pride in its commendable performance vis-à-vis major developmental indicators such as student intake, number of teachers, published research work, updated curricula and courseware. Almost from the very beginning, the Department has been utilizing the services of a number of guest faculty members drawn from both academic institutions and industrial organizations of repute. At present, it has 17 whole time teachers and 26 guest faculty members. Most of the distinguished faculty members have doctoral degrees and are members of various professional institutions.

The Department, in keeping with the advances made in different branches of commerce, has revised the curriculum from time to time. The last revision of curriculum has taken place very recently in August 2011. Under the new curriculum, the Department has upgraded to the system of semester-based teaching. Currently, M. Com. course run by the Department both in the Day and in the Evening Sections, offers 20 papers of 50 marks, divided equally in two academic sessions, namely, Part I and Part II. For the first time, in accordance with the requirements of semester-based teaching, each 50 mark paper will be assessed in stages: 10 marks through written Internal Assessment Test, and 40 marks, subsequently, through written end-of-session examinations.

The Department started its 2-year M. Phil curriculum in 1988, and currently it follows the New M.Phil. regulations laid down by the University Grants Commission in 2009. One of the greatest strengths of the Department is its Ph.D. programme. It is a matter of pride to note that a large number of researchers have been awarded Ph.D. degrees in significant areas of business-related research including accounting, finance, management and economics. At present, the Ph.D. programme under the New UGC Regulations is under way, and more than 100 research scholars are pursuing their doctoral research work under the guidance of registered research supervisors, including, inter alia, many of the distinguished members of the faculty.

The Department publishes a bi-annual journal, Business Studies (ISSN 0970-9657), which features research-based contributions from reputed members of the academia from across the country. Recently, the 30th volume of the Departmental journal has been published. Academic performance, including research and teaching, of Departmental faculty members has earned pan-Indian recognition, as evidenced by the UGC’s sanction of Special Assistance Programme by the University Grants commission since 1987, under Departmental Special Assistance (DSA) Programme Phase I, II and III. After the successful completion of the third phase of DSA, the Department has won the distinctive honour of being recognized by the UGC as ‘Centre of Advanced Study (CAS) in January 2010.

A number of research volumes have been published by the Department under the three phases of the Departmental Special Assistance Programme. National Seminars and Conferences on contemporary issues, too, have been held periodically every year since 1987. In early 2005, the Department’s contribution to academic research activities was recognized once again by the University Grants Commission when it was granted Assistance for Infrastructural support in Humanities and Social Sciences [ASIHSS], an Infrastructure Development Programme, sponsored. This is a unique distinction conferred to only a few SAP-qualified University departments all over India, based on their academic excellence. The UGC-sponsored ASIHSS programme has also been completed very successfully in the year 2009-10.

Appreciating the need of the hour for a Masters Degree in Finance, the Department has embarked on a two-year full-time self-financed MBA Course in Finance, consisting of four semesters. Classes for the first semester of the course commenced on and from 26th September 2005. Presently, the sixth ( Batch of 2010-12) and seventh (Batch of 2011-13) batches are in the fourth and second semester stages, respectively.

Courses Offered under the Auspices of the Department of Commerce

Courses Offered Level of Study Cut-off Mark at entry Intake Capacity
M.Com. Post Graduate B.Com. (H) in order of merit Day-395
M.Phil. After PostGraduate M.Com. 15
MBA in Finance (Self-financing) Post Graduate Graduates & CAT or MAT qualified 30 (Indian)
5 (Foreign)
Ph.D. Research M.Com. / M.B.A. / M.B.M. /M.A. (Eco.)/ Relevant Degrees

M.Com. Course under the New Curriculum (Semester-based teaching)

  • 20 papers of 50 marks each (including 10 marks for Internal Assessment in each paper)
  • 10 Papers in the First Year
  • 10 Papers in the Second Year

The Department will offer specialization in the Accounting and Finance Group only

New M. Com. Curriculum (effective from September 2011)

Papers at the 1st-Year Level
1.1 Organizational Behaviour and Human Resource Management
1.2 Managerial Economics
1.3 Macro Economics and Business Environment
1.4 International Business
1.5 Marketing Management
1.6 Statistics for Business Decision
1.7 Operations Research
1.8 Business Ethics and Corporate Governance
1.9 Taxation Laws and Planning
1.10 Accounting Theory
Papers at the 2nd-Year Level
2.1 Strategic Management
2.2 Information Systems and Computer Applications
2.3 Financial Markets and Financial Engineering
2.4 Financial Management and Business Valuation
2.5 Strategic Cost and Management Accounting
2.6 Auditing and Assurance Service
2.7 Corporate Financial Accounting and Reporting
2.8 Financial Statement Analysis
2.9 International Finance
2.10 Security Analysis and Portfolio Management

Faculty Members

Name of Faculty Members E mail Specialisation
Prof. Jita Bhattacharyya Accounting and Finance
Prof. Sudipti Banerjea Accounting, Finance and Management
Prof. Swagata Sen Accounting and Finance
Prof. Malayendu Saha Accounting and Finance
Prof. Dipti Kumar Chakravorty
Accounting, Organisational Behaviour
Prof. Swapan Kumar Chakraborty Economics
Prof. Dhruba Ranjan Dandapat Accounting and Finance
Prof. Jadab Krishna Das Statistics, Research Methodology, Operations Research and Mathematics
Prof. Rajib Dasgupta
Marketing Management
Prof. Kanika Chatterjee Business Ethics, Strategic Management & Accounting
Prof. Ashish Kumar Sana
Accounting and Finance
Prof. Snehamay Bhattacharyya Accounting, Taxation
Associate Professors
Dr. Tanupa Chakraborty
Accounting and Finance
Dr. Sajal Das Accounting and Finance
Dr. Siddhartha Sankar Saha Accounting and Finance
Assistant Professors
Dr. Ram Prahalad Chaudhary Accounting and Finance
Dr. Bikram Singh Accounting and Finance
Mr. Pema Lama Accounting and Finance
Mr. Atanu Pramanick Accounting and Finance
Dr. Bappaditya Biswas Accounting and Finance
Dr. Swapan Sarkar Accounting and Finance
Md. Sharique Imroze Accounting and Finance

Research Work

Actively pursued thrust areas of Research
National Economic Environment
Global Business Management
International Finance
Financial Markets and Institutions
Corporate Financial Management
Corporate Financial Reporting
Accounting Theory
Quality Management
Business Ethics and Corporate Social Responsibility
Sustainable Development and Corporate Environmental Management
Strategic Management
Management of SMEs

Bi-annual Journal Published by the Department

Business Studies – 30th Volume just published

Research Volumes Published by the Department

Strategic Cost Management (ed. A.K. Basu, S. Banerjea and D.R. Dandapat) [Reviewed in The Management Accountant, December, 2001; Indian Journal of Accounting, June, 2002]
Corporate Financial Reporting [ed. B. Banerjee and A. K. Basu] [Reviewed in Indian Journal of Accounting, December, 2001; The Management Accountant, December, 2001; The International Journal of Accounting, USA, Vol. 37, No. 4, 2002]
Economic Environment and Human Resource Management (ed. B. Banerjee, J. Bhattacharya, K. Chatterjee and M. Chatterjee) [Reviewed in Indian Journal of Accounting, December, 2002]
Rediscovering the Balance Sheet : A Corporate Financial Reporting Theory Perspective (A. K. Basu)
E-Business: The New Paradigm in a Knowledge Economy (ed. J. Bhattacharyya, K. Chatterjee and A.K. Sana)
International Finance and Accounting (ed. B. Banerjee, J. Bhattacharya and A. K. Basu)
Corporate Social Responsibility (ed. B. Banerjee, K. Chatterjee and  D.R. Dandapat)
Entrepreneurship Development and Small Business (ed. B. Banerjee and T. Chakraborty)

Research Projects Completed

Project Title & Funding Agency
The Company Balance Sheet, Prof. Arun Kumar Basu – UGC DSA Programme
Environmental Reporting Systems in the Indian Automobile Industry, Dr. K. Chatterjee – UGC DSA (Phase II) Programme
Environmental Management; a Cost-Benefit analysis of Pollution Control Techniques in Selected Industries, Dr. Mahalaya Chatterjee – UGC DSA (Phase II)  Programme
The Prime Minister’s Rozgar Yojana: A Concurrent Evaluative Study in West Bengal, Dr. Swapan Kumar Chakraborti – UGC DSA  (Phase II) Programme
A Survey on the Post-Merger Scenario in Indian Corporate Sector, Dr. Malayendu Saha – UGC DSA (Phase II) Programme
Business Process Outsourcing: A Study of Some Selected Indian Companies, Dr. Malayendu Saha – UGC DSA (Phase III)  Programme
Sustainability Reporting as an Indicator of Strategic Corporate Citizenship, Dr. Kanika Chatterjee – UGC DSA (Phase III)  Programme
The Role of Small Scale Industries Service Institutes (SISIs), Ministry of SSI, Government of India, in Developing Entrepreneurship and Promoting Small Businesses in India – A Study with Special Reference to SISI, Kolkata, Dr. Dhruba Ranjan Dandapat – UGC DSA (Phase III)  Programme
Global Convergence of Accounting Standards, Prof. Bhabatosh Banerjee – UGC DSA (Phase III)  Programme
The Environmental Impact of Thermal Power Plants in West Bengal: A Study of the Project Affected People, Dr. Jadab Krishna Das – UGC ASIHSS Programme
Environmental Accounting in India: A Study on its Existing System and Possible Improvement, Dr. Dipti Kumar Chakraborty – UGC ASIHSS Programme
Marketing Strategy of Financial Services: A Survey of the Strategies Adopted with regard to both Retail and Corporate Banking in India, Dr. Rajib Dasgupta – UGC ASIHSS Programme
Small Investors’ Attitude towards Investment in Mutual Funds, Mr. Snehamoy Bhattacharyya – UGC ASIHSS Programme
Online Banking: A Comprehensive Study on its Growth, Problems and Prospects in India, Dr. Tanupa Chakraborty – UGC ASIHSS Programme

Research Projects in Progress under Centre of Advanced Study (Phase I)

S. No. Name of Researcher(s) Title of Research Project
1 Prof. Jita Bhattacharyya Offshore Financial Centres’ Role in Harmful Tax Practices, Financial Crisis, Money Laundering and Terrorist Financing—A Study of Selected Offshore Financial Centres
2 Prof. Sudipti Banerjea & Dr. Bikram Singh Evaluation of Training Effectiveness—A Study on the Entrepreneurship Development Training Institutions for MSMEs in West Bengal
3 Prof. Malayendu Saha The Impact of Stock Market Integration in the Post-Liberalization   Period: A Study of India
4 Dr. Ashis Kr. Sana & Prof. D. K. Chakravorty Impact of Microfinance on Entrepreneurial Development: A Comprehensive Study of Some Select Districts in West Bengal
5 Prof. Dhrubaranjan Dandapat Problems and Prospects of MSMEs in India—A Study with Special Reference  to West Bengal
6 Dr. Kanika Chatterjee Exploring Sustainable Value in “Blue Oceans” through “Corporate Social Opportunity”: A Study of the Prospects and Challenges for a Carbon-Positive India Inc.
7 Dr.Jadab Krishna Das Corporate Social Responsibility in the Indian Power Sector: A Study of Selected Power Plants in West Bengal
8 Dr. Rajib Dasgupta Corporate Social Responsibility: A Path to a Better Corporate Image—A Study of Some Selected Corporate Houses in India
9 Dr. Tanupa Chakraborty A Study on Equity and Commodity Derivatives Markets with Special Reference to India
10  Dr. Ram Prahalad Chaudhary TQM and Organizational Performance of SMEs: A Study of Five Districts in West Bengal