Volume-4 (International Conference on "Paradigm Shift in Taxation, Accounting, Finance and Insurance")
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Paper Type | : | Research Paper |
Title | : | An Introspection of the Impact of Indian Financial Literacy Programmes on FinancialInclusion |
Country | : | India |
Authors | : | Mrs. Ratna Srinivasan |
Abstract: My flight was landing at the Santa Cruz Airport, Mumbai. I could see the glitter of the sun's rays on the tin roofs of the biggest slum in Asia, Dharavion the one side and the skyscrapers on the other side. This set me thinking as to why even after more than six decades of Indian planningthe country is still facing abject poverty and inequalities.Egalitarian economy and inclusive growth have thus been a faraway dream. In order to attain inclusive growth socialand financial inclusion becomes imperative.Financial inclusion can be attained by taking financial services to the doorstep of the excluded group. This would reap results only when there arefinancial education and financial literacy. This paper is an attempt to introspect the effect of the financial literacy programmes on financial inclusion...............
Key Words: Egalitarian Economy, Financial Exclusion, Financial Inclusion, Financial Literacy, Inclusive Growthand SocialInclusion
[1]. Lehson A&Thrift. Geographiesof Financial Exclusion- Financial Abandonment in Britain andthe US. Transactions ofthe InstituteofBritishGeographers, New Series, 20(3), 1995. 312-341.
[2]. Rangarajan. (2008). The Final Report on Financial Inclusion. Retrieved October 25, 2017, from http://nabard.org/pdf/report_financial/ Full%20Report.pdf}.
[3]. Lavanya, R. Financial Literacy the Indian Story. World Journal of Social Sciences, 5(3), 2015, 45-57.
[4]. Survey, Standard & Poor (2014). http://www.livemint.com/Money/2l9bZsVo7eempRU9yLvPAL/SP-survey-More-than-70-Indians-farebadly-in-financial-li.html. Retrieved September 21, 2017
[5]. Puneet, B. Relationship between Financial Literacy and Investment Behavior of Salaried Individuals. Journal of Business Management and Social Sciences Research (JBM&SSR), 3(5), 2014, 82-87..
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Paper Type | : | Research Paper |
Title | : | A Study on Awareness among Investors about the Risks in Derivative Market and Various Trading Strategies |
Country | : | India |
Authors | : | A.Sachin Jain |
Abstract: TDerivative is the market considered for making and losing million but there are some kinds of derivatives which are used when there is low initial investment and earn piles of money through it. This study is conducted to know how many investors are aware about the risks faced by them in derivative market and the trading strategies.
KEYWORDS: Derivatives, risk, trading strategies, hedger, strangle
[1]. Allayannis, G. and Ofek, E., 2001. "Exchange Rate Exposure, Hedging, and the Use of Foreign Currency Derivatives." Journal of International Money and Finance, 20 (2), 273-296.
[2]. Allayannis, G. and Weston, J., 2001. "The Use of Foreign Currency Derivatives and Firm Market Value." The Review of Financial Studies, 14 (1), 243-276.
[3]. Allen, F. and Santomero, A. M., 1998. "The Theory of Financial Intermediation." Journal of Banking & Finance, 21 (11), 1461-1485.
[4]. Allison, P. D., 1999. "Comparing Logit and Probit Coefficients across Groups." Sociological Methods and Research, 28 (2), 186-208.
[5]. Batten, J. A., Fetherston, T. A. and Szilagyi, P. G., 2004. European Fixed Income Markets: Money, Bond and Interest Rate Derivatives.
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Paper Type | : | Research Paper |
Title | : | The Role of Information and Communication Technology (ICT) in Financial Inclusion |
Country | : | India |
Authors | : | Ch.Sahyaja || Dr.K.S.Sekhara Rao |
Abstract: Finance is one of the effective tool in spreading economic opportunities. Wider access to adequate and timely finance helps both the producers and public in raising their welfare status. Banks are playing vital role accelerating financial inclusion through innovative technology. As banking services are in the nature of public good, it is essential that availability of banking and payment services to the entire population without discrimination and quickly. The Information and Communication Technology (ICT) can be used to promote services like: mobile banking, e-money, and pre-paid cards, which are offered by the commercial banks for promoting financial inclusion. The majority of the studies on this are only at macro level but not at the micro level with empirical studies. Those studies focused............
Key Words: Financial Inclusion, Information and communication technology, Economy, Finance, Krishna District, India.
[1]. Chakrabarthy K.C (2009). "Financial Inclusion, RBI Initiatives" at National seminar on launching a National initiative for financial inclusion, DFS GoI.
[2]. Dheenadhayalan V., (2010). Journal of Humanities and Social Sciences, 2(1), 44.
[3]. Gadamsetty Sai Arun (December, 2013). "Understanding Financial Inclusion in India and Role of ICT in ICT"; International Journal of Innovative Research and Development, Vol.2 Issue 12 (Special Issue)
[4]. Gupta, S.K. (2011),"Financial Inclusion - IT as Enabler, Reserve Bank of India" Occasional Papers, 32(2).
[5]. L.M.Ganesan; "Study on ICT based Financial Inclusion through B C– Impediments & Corrective Actions"..
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Paper Type | : | Research Paper |
Title | : | Innovation in Banking Products and Services |
Country | : | India |
Authors | : | Sanchit Sikka || UpadrastaVenkataSrinath |
Abstract: Technology proliferation have made banking customers live in a connected world with increased expectations from their financial services provider. The developing customer-bank relationship has necessitated banks to be more customer-centric by taking an innovative approach towards banking with the objective of creating more value for customers and themselves. The banks may not be traditional and conservative anymore, they require innovation in bank products in order to retain and appeal to customers. Banks need to leverage technology to provide simple, easy-to-use, convenient, and cost-effective products and services to customers and improve the productivity of their employees. The objective of this paper is to present the innovative bank products and services which are required in the present technological environment keeping in mind the requirements of the present and future banking customers. The paper............
Keywords:innovative approach, client verification, digital payments, AI, customer needs
[1]. Capgemini (December 2016), "Top 10 Trends in Banking – 2017", www.capgemini.com/banking.
[2]. Aruna R Shet (2015), "Technological Innovations in Indian Banking Sector", International Journal of Scientific Engineering and Research (IJSER).
[3]. Sandeep Kaur (2015), "A Study on New Innovations in Banking Sector", International Journal of Science and Research (IJSR).
[4]. Maithili R P Singh (March 2014), "Innovative Business practices in Banking Industry in India", Voice of Research.
[5]. Dr A Jayakumar and Mr G Anbalagan (December 2012), "A study on Innovations and Challenges in Banking Industries in India", International Journal of Marketing, Financial Services & Management Research.
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Paper Type | : | Research Paper |
Title | : | GST – And Its Impact on Common Man |
Country | : | India |
Authors | : | V.Vasudha Singh || K. Sangeetha || Reshma Khanam |
Abstract: The introduction of Goods and Service Tax is one of the biggest tax reforms for India .Goods and Service Tax is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. GST is not just a tax change but it will benefit the economy as a whole and have far reaching impact on business. GST was initially proposed to replace a slew of indirect taxes with a unified tax. As GST implementation in India is dual in nature i.e., the taxes are levied at central, state level and union territories. The GST which is implemented from 1st July 2017 with the aim of replacing current complex structure of multiple indirect taxes .since the central and state taxes are likely to be subsumed under GST, it may results in fungibility of tax credit across intra and interstate transactions. The Indian GDP growth..........
Keywords: GST in India, GDP, Revenue surplus, cost Benefit analysis, Reduction in deficit, GST Impact on common man.
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Paper Type | : | Research Paper |
Title | : | Antecedents of Investment Decision: An Empirical Study to Examine the Preferable Investment Sectors |
Country | : | India |
Authors | : | M. Shanmugavel || Dr. N. Ragavan |
Abstract: Investor's choices are single ambition of maximizing their expected return and value of their investment. The individuals are investing their surplus earnings on shares of the companies, expecting a fabulous income and also appreciation on their investment. This empirical study was carried to examine the antecedents of investment decision to select preferable investment sectors. The results reveal that, Four dominant dimensions have been extracted out of 10 preferred investment sector namely, most dominant factor is Public and Service Sector (PSSF), followed by Consumable Factor (CF), Extraction Factor (EF) and Finance Factor (FF). Personal profiles such as, age, marital status and monthly income highly influence total Preferred Investment Sector (PIS) of the investors. To conclude, investors are more preferred public and service sector to invest rather financial sector like, banking and micro financial institutions..........
Keywords: Investment, Decision, Investors, Behaviour and Investment Sector
[1]. Bakar, S., & Chui , Amelia Ng. (2016). The Impact of Psychological Factors on Investors' Decision Making in Malaysian Stock Market: A Case of Klang Valley and Pahang .Procedia Economics and Finance, 319–328.
[2]. Bennet. E., & Dr.M.Selvam. (2015). Investors perception of the factors influencing the stock selection decision. SSRN Electronic Journal, 1(1), 1–14.
[3]. Boobalan. C., (2014). Technical Analysis IN Select Stocks of Indian Companies .International Journal of Business and Administration, 2(4), 26–36.
[4]. Jyoti Kumari, Suganta Chandra Swain, & Sanjay Takur. (2015). Motivation of Studying Investment Behavior of Retail Investors OF Ranchi IN Indian Stock Market. Empyreal Higher Education, 3(2(III)), 80–86.
[5]. Kavitha. C (2015). Investors Attitudes towards Stock Market Investment. International Journal of Scientific Research and Management (IJSRM) , 3(7), 3356–3362
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Paper Type | : | Research Paper |
Title | : | Need of Green Accounting |
Country | : | India |
Authors | : | Dr. Rajshree R || Sravani Vangara |
Abstract: Responsibility towards environment has become a major area in Social Responsibility. The Conventional National Income Accounting does not fully report different types of Resource Expenditure like exhaustible resources. There is a concern for Environmental Degradation which is taking place in the form of Deforestation, soil erosion, AirPollution, Water pollution etc. Traditional indicators of Economic growth such as GDP have many flaws because GDP does not take the depletion of Environmental resources into account. No clear cut policies are made and implemented at the National level.A new measure called Green Accounting helps to overcome all these problems. Green Accounting is an Accounting that attempts to factor Environmental Costs into the financial results of Operations. It has been argued that Gross Domestic Product ignores the environment and therefore policymakers need a..........
Keywords:
Green Accounting
Business Concern
Social Responsibility
Environmental Reporting
[1]. Environmental Accounting case studies: Green Accounting at AT&T
[2]. https://en.wikipedia.org/wiki/Green_accounting
[3]. National Environmental Accounting: Bridging the Gap between Ecology and Economy By Joy E Hec
[4]. Dr V K Gupta, Dean (Administration) an Professor in Finance and Accounting (2012) "Environmental Accounting and reporting – An Analysis of Inian Corporate Sector" , Indian Institute of Management, Indore, India.
[5]. http://www. The hindubusinessline.com/opinion/importance-of- green-accounting
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Paper Type | : | Research Paper |
Title | : | An Empirical Study on Key Factors behind Indians' Appetite for Gold |
Country | : | India |
Authors | : | Dr. M V S Mahendra |
Abstract: Gold is primarily a monetary asset and partly a commodity. Gold is the world's oldest international currency. The present study is aimed to investigate various factors such as financial, emotional or other factors which influence the investors to invest in gold and to know whether there is a significant difference between the demographic factors and factors influencing the investment in gold. A sample of 120 members was taken for the purpose of the study. The data has been analyzed using factor analysis, Kruskal-Wallis test. The present has resulted in seven key factors in determining the Indians' appetite for gold.
Keywords- Gold, Investment, Safety, Security.
[1]. Shanti M, A Study on Perception of Investors Towards Gold as an Investment Avenue in Madurai City PRIMA: Practices & Research in Marketing, Volume 4, Issue 1, October 2013.
[2]. Swathi S Godbole, Kirti A Arekar, "Retail Investors and Gold Buying Behaviour – A Perceptual Study of Indian Retail Investors" Accounting & Finance Research, Volume 3, November 2014, Pg 99-104.
[3]. Drik Baur & Thomas Mc. Dermott, "Is Gold a Safe Haven? International Evidences" Journal of Banking & Finance 2010, Volume 34, Issue 8, Pg 1886-1898.
[4]. Janna Lisette Lutter , "Consumer Behaviour during Investment Gold Purchase in Comparison to other investment Instruments", Bachelor‟s Thesis.
[5]. Farook, L. (2005). Dubai Gold Market: "City of Gold‟ retains its glitter, GulfNews.
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Paper Type | : | Research Paper |
Title | : | Digital Payments: Challenges and Solutions |
Country | : | India |
Authors | : | Srihari Kulkarni || Abdul Shahanaz Taj |
Abstract: In modern times, commercial banking occupies an important place in the financial frame-work of every economy. Banking system is a dynamic sector of economy. They keep changing and this continuing process of change constantly challenges those who are responsible for management of the banks and those who observe and study their performance. The nature of banking system has shifted after financial "big bang" of mid 1970s and mid 1980s in the U.S.A and the U.K financial markets respectively. With the explosive growth of the Internet, electronic-commerce (e-commerce) is an increasingly important segment of commercial activities on the web. In Digital payments world million dollar question comes in at every stage what is more important security or speed. Digital payments are to finance............
Keywords: Challenges, Different Methods, Digital Payments, Security, Solutions
[1]. M-Wallet Report By ASSOCHAM, http://www.assocham.org/upload/docs/MWallet_Report_press.pdf
[2]. Pahwa, N., 2016. Cash vs Digital Money: why going cashless is going to be tough in India. [Online] Available at: http://www.medianama.com/2016/11/223-cashless-india/ [Accessed 23 Feb 2017].
[3]. IMAP, 2017. Payments Industry in India, s.l.: IMAP
[4]. http://cashlessindia.gov.in/
[5]. https://economictimes.indiatimes.com
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Paper Type | : | Research Paper |
Title | : | Challenges and Opportunities of e-Banking in India |
Country | : | India |
Authors | : | Sriram Devulapalli || Sai Karthik Oruganti |
Abstract: After the effect of demonetization, digital cash has been the hotcake among the citizens of India. Digital cash and online transactions in the current market scenario have a great effect on e-banking and digital banking. e-banking comprises mainly of electronic funds transfer and usage of online banking services. Electronic banking was offered by the international banks initially since flow of digital cash was not predominant in the Indian market until the advent of demonetization. E-banking plays a major role in the present banking functionality. Electronic banking is inferred to be safe and secured, compared to physical banking. e-banking ensures qualitative banking operations compared to traditional banking. However, it has its own limitations and challenges when we talk about..........
Keywords: E-banking, Opportunities, Challenges, Safe banking, Risk Factor
[1]. Advantages of E-Banking by Neil Kokemuller, Link: https://budgeting.thenest.com/advantages-ebanking-24063.html
[2]. Online Banking – Advantages and Disadvantages, an article from FinWeb website, Link: http://www.finweb.com/banking-credit/online-banking-advantages-and-disadvantages.html#axzz4nC6KPQkL
[3]. The advantages and disadvantages of Internet Banking by Paul Goodman, a former teacher of digital media studies in the UK, Link: https://toughnickel.com/personal-finance/advantages-and-disadvantages-of-internet-banking-2
[4]. Advantages and Disadvantages of Internet Banking, an article by Vinish Parikh, Link: http://www.letslearnfinance.com/advantages-and-disadvantages-of-internet-banking.html
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Paper Type | : | Research Paper |
Title | : | Business Dynamics Of Teach For India - A Case Study |
Country | : | India |
Authors | : | Sushma Rani |
Abstract: The vital aspect of HRM is the performance of an individual in an organisation as it has been largely driven by the work atmosphere that prevails at the workplace. A good working condition is one of the benefits that the employees can expect from an efficient human resource team. Teach for India is an NGO where they are building a movement of leaders who will eliminate educational inequity in India. These leaders, our Alumni, work across sectors impacting systemic change towards educational equity. They commit to being life-long leaders building the movement to achieve our vision that one day all children will attain an excellent education. In its quest for educational equity for all children, the aim of Teach for India is to build Fellows into a transformational teacher and leaders. Teach for India.............
Keywords: Children, excellent education, leadership, HR Policies
[1]. http://www.teachforindia.org/ Teach for India official website.
[2]. https://internalcareerfair.wixsite.com/internalcareerfair Internal career fair: The Internal Career Fair is a platform to help you discover career opportunities at Teach For India after your Fellowship
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Paper Type | : | Research Paper |
Title | : | Cashless Future Ahead: Impact of Demonetization on ATM's and POS in select Banks |
Country | : | India |
Authors | : | Mrs M. Suvarchala Rani || Dr. Kavitha Lal |
Abstract: Our country India is moving towards Cashless economy. An economy said to be cashless where the transaction of money is in digital form other than cash. Demonetization brought a massive radical change in the transaction mode in the general public and the positive side to it is our nation had taken a greater leap towards a cashless economy. The growth in usage of plastic cards spiked post demonetization. As per RBI bulletin, realized in March 2017, credit card transactions were Rs.106.22 million and debit cards transactions were Rs.271.17 million. The present study focuses on the impact of number of ATM's (on site & off site) and POS and covers debit and credit cards in terms of volume of transactions during Pre-and Post-Demonetization period in select banks. The article also investigates the impact............
Keywords: Cashless economy, Demonetization, ATM, POS, Debit Card, Credit Card and Banks.
[1]. Akhalumeh, &Ohiokha (2012), Nigeria's Cashless Economy; The Imperatives. International Journal of Management & Business Studies. Vol. 2 pp 12 –17.
[2]. Agba(2010), Implications and Challenges of E-payment System,Retrieved fromhttp://ww.itnewafrica.comraces, and social background can effectively interact.
[3]. Omotunde, Sunday, T. & John-Dewole, A.T. (2013), Impact of Cashless Economy in Nigeria. Greener Journal of Internet, Information and Communication Systems. Vol. 1, No. 2 pp 040–043.
[4]. Gangopadhayay. S (2009), How can Technology Facilitate Financial Inclusion in India? A discussion paper. Review of Market Integration (2),223-256..