IOSR-JBM   International Conference on "Paradigm Shift in Taxation, Accounting, Finance and Insurance"

Abstract: India struggling to bring major rural and deprived population into the mainstream of banking system in spite lot of banking reform activities taken place such as nationalization of banks and expanding banks in rural areas undertaken by previous governments since independence. Recent demonetization activity has tested the Indian banking system in meeting the needs of citizens when cash was in shortage. In spite of significant efforts by Government and RBI in the recent past with the launch of massive financial inclusion drives such as PMJDY (Pradhan Mantri Jan-Dhan Yojana) after which still 19% of the population remains unbanked due to lack of lags in financial sector ecosystem............

Key Words:Banks accounts, Financial Inclusion, Jhan-Dhan, PMJDY, Unbanked.`

[1] 19% per cent of Indian population is still unbanked: ASSOCHAM-EY. (2017, July 24). Retrieved October 20, 2017, from http://www.assocham.org/newsdetail.php?id=6397
[2] Prabhala, N. R., Chopra, Y., & Tantri, P. (2017, April 16). Are Jan Dhan bank accounts actively used? N.R.Prabhala. Retrieved October 20, 2017, from http://www.livemint.com/Opinion/lqe7zOgoHkH8O3Y9XtKCuM/Are-Jan-Dhan-bank-accounts-actively-used.html
[3] K, R. A. (2014, November 24). Pradhan Mantri Jan-Dhan Yojna (PMJDY). Retrieved October 18, 2017, from http://www.arthapedia.in/index.php?title=Pradhan_Mantri_Jan-Dhan_Yojna_(PMJDY)
[4] Pradhan Mantri Jan Dhan Yojana (PMJDY) (Publication). (2017, November 8). Retrieved November 13, 2017, from Department of Financial Services, Government of India. website: https://www.pmjdy.gov.in/account
[5] P. (Ed.). (2107, January 1). Demonetisation: Jan Dhan account deposits double to Rs87000 crore. Retrieved November 10, 2017, from http://www.livemint.com/Industry/Tqd25EMjYp53bce3qOFazO/Demonetisation-Jan-Dhan-account-deposits-double-to-Rs87000.html

Abstract: The competition among Infrastructure Companies in India has been growing rapidly due to excellent opportunities with expansion of roads and highways, ports and airports, railways and power. The growth of Infrastructure Companies leverages country's development leading to futuristic/ smart cities and townships enhancing quality of living and increasing efficiency of resource-utilization. The motives of this paper are: (i) to study capital structure of the Infrastructure Companies; (ii) to study the impact of capital structure decision on company's overall value. The population of this research is Infrastructure Companies listed in Indian Stock Exchange. The study provides a mixed result on relation between capital structure and performance of the firm. The analysis of data is done on the basis of Ratio Analysis and Correlation Matrix.

KEYWORDS: Infrastructure, Capital Structure, Profitability, Stock Markets

[1]. Gupta P. Capital Structure and Financial Performance - Gautama Buddin University (2003).
[2]. Mysers, S.C. (1984). The Capital Structure Puzzle. Journal of Finance , 575-92.
[3]. Abbas Ali, Effect of capital structure on the performance of firms : Evidence from Pakistan and Indian Stock market, IOSR Journal of Business and Management, IOSR-JBM - e-ISSN: 2278-487X.
[4]. Nilesh P. Movalia, A study on Capital Structure Analysis and Profitability of Indian Tyres Industry, Pacific Business Review International, Volume 8, Issue 3, September 2015.
[5]. Sohail Younus, Khurram Ishfaq, Capital Structure and Financial Performance: Evidence from Sugar Industry in Karachi Stock Exchange Pakistan, International Journal of Academic Research in Accounting, Finance and management Sciences, E-ISSN: 2225-8329, P-ISSN: 2308-0337.

Abstract: This research paper tries to gauge the impact of Demonetisation on the Indian Economy. It is basically the art of stripping a currency unit of its status as a legal tender. This is not a novel concept, neither to India nor to the World. In U.S (United States), The Coinage Act of 1873 demonetised silver as a legal tender to create a favourable environment for adopting The Gold Standard. In India, It happened first in 1946 when all the Rs 1,000 and Rs 10,000 notes were recalled for and then again in 1978 when all the Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetized. The current denominations are pulled from the circulation, retired and often replaced with new currency denominations. The reason behind a nation doing away with the local units of currency could be for trade facilitations , to curb........

Key Words: Demonetisation, currency ban, legal tender, cash crunch, denomination, Indian Economy

[1]. Ashworth, David (Nov. 2016), Reasons behind Demonetization, www.marketrealist.com
[2]. Chanda, A (2016): Notes (and Anecdotes) on Demonetisation, http://sites01.lsu.edu/faculty/achanda/wp-content/uploads/sites/136/2016/12/Notes-on- demonetisation.pdf.
[3]. Chandrashekhar, C P (2016): "The Budget after Demonetisation," 21 December, International Development Economics Associates (IDEAs).
[4]. Crisil, 2016, A Global S&P Company, www.indiaspend.com
[5]. CRISIL Agriculture report – Understanding opportunities across the agri value chain, 2017.
[6]. Dasgupta, D (2016): "Theoretical Analysis of "Demonetisation,‟" Economic & Political Weekly, Vol 51,No 51, pp 67–71..

Abstract: Nowadays, financial well-being of a country is being measured by stock market indices. Broadly, the stock markets are a coalescence of exchanges and markets dealing with issuance and trading of securities. Such markets allow firms to procure long-term financesin exchange for a part of their profits to investors. Similarly, there are varied macroeconomic factors which connote a country's financial status and these two vital segments of India's economy might as well be related or impacted by each other's movements through time. This study's fundamental objective is to appraise the relationship linking select macroeconomic variables viz., call money rate, money supply (M3), exchange rate, gold.............

Keywords:BSE Sensex, macroeconomic variables, stock prices, OLS method, Granger Causality test

[1]. Fama, E., Efficient capital markets: A review of theory and empirical work,The Journal of Finance, Vol. 25, No. 2,1970, 383-417.
[2]. Ross, Stephen A., The arbitrage theory of capital asset pricing,Journal of Economic Theory 13, 1976, 341-60
[3]. Chen, N. F., Richard Roll and Stephen A. Ross (1986) "Economic Forces and the Stock Market", Journal of Business, 59, pp. 383-403.
[4]. VenkatrajaB, Impact of macroeconomic variables on stock market performance in India: An empirical analysis, International Journal of Business Quantitative Economics and Applied Management Research, Volume 1, Issue 6, 2014, 71-85.
[5]. Singh G,The impact of macroeconomic fundamentals on stock prices revised: A study of Indian stock market,Journal of International Economics, 7(1), 2016, 76-91.

Abstract: Insurance penetration is measured as the percentage of insurance premium to GDP; insurance density is calculated as the ratio of premium to population (per capita premium). Insurance Penetration - refers to a product's sales volume relative to the sales volume of competing products, usually expressed as a ratio of premium to another financial measure like Gross Domestic Product. "The insurance penetration has started its northward journey is evident from the fact that it has increased from 3.3% in 2014 to 3.44% in 2015 on the back of various insurance schemes launched by the government," During the first decade of the sector's liberalisation, there has been a consistent rise in insurance penetration from 2.71% in 2001 to 5.20% in 2009. However, since then, the level of penetration has been volatile and remained below the peak. It declined from 3.9 to 3.3% in 2014 due to certain regulatory changes and unfavourable market conditions. India's insurance penetration as a whole in 2015 was 3.4%, against the world average of 6.2%. An attempt has been made to study penetration in the world with reference to India.

Keywords: Global Insurance, Insurance Penetration, Insurance Premium, Liberalisation

[1] Jonathan Anchen, January 30, 2017, Budget today.
[2] Somnath Das and Mihir Kumar Shome: "A Study on Determinants of Insurance Penetration in the Context of India" International Journal of MHRM (IJMHRM)
[3] K.V.R. Satya Kumar: "Growth and Penetration of Life Insurance Industry in India" International Journal of Arts and Science Research. 1(2), 2014, 63 - 69.
[4] IRDA Annual Report - 2012
[5] IRDA Annual Report - 2013.

Abstract: Green accounting is basically adoption of valuation of natural capital integration in planning for development. Incorporation green accounting into national economic accounts could provide a measure of sustainability; however, considerable advanced methods measurement and valuation are needed . There are of course , no substitutes for the life sustaining services of nature and the question of when and how to account for this fact is the source of many ongoing debates in green accounting. Green accounting is an accounting system that measures the currently unaccounted for economic losses that are experienced by renewable and nonrenewable resources in the environment. By..........

[1]. http://www.yourarticlelibrary.com/economics/environmental-economics/green-accounting-need-objectives-problems-and-other-details/39675
[2]. http://m.thehindubusinessline.com/opinion/importance-of-green-accounting/article3559301.ece
[3]. http://www.ejolt.org/2013/05/green-accounting/
[4]. https://www.thesolutionsjournal.com/article/green-accounting-balancing-environment-and-economy/
[5]. https://www.devry.edu/blog/2014/02/green_accounting

Abstract: Globalization has changed the close economy into open economy. Now a day's national economy is integrating in international market with other countries by spreading their trade and business outside their own country. For the integrity of different country's business together in the world market it was necessary for the business to adopt a common set of accounting standards since accounting is the language of a business. International Financial ReportingStandards (IFRS) adopted by International Accounting Standards Board (IASB) is a standardized format of financial reporting that is gaining momentum worldwide and is a single consistent accounting framework and is likely to become predominant GAAP in times to come. In this world of globalization in which Indian economy has also flourished, adopting IFRS would not only make Indian companies at par with other global companies but shall also increase India's marketability globally in terms of foreign investments..............

[1]. Concept paper on convergence with IFRSs in India: ICAI
[2]. Dr. A.L.Saini, International Financial Reporting Standards(IFRS), US GAAP, U.K GAAP and Indian GAAP, (Snow white publication pvt. Ltd, 2005)
[3]. International research on innovative research & development (November, 2014)

Abstract: Short term financing is essential to address the needs of short term planning for a firm. Every business tries to expand, renovate and innovate for better achievements and profitability for which it requires funds that should remain at its disposal Cash or liquid cash is concerned with minimizing unproductive cash balances, investing temporarily excess cash advantageously and tries to make the best possible arrangements for meeting planned and unexpected demands on the firm's cash Seriously, cash management of a firm involves managing of cash flows- in and out of the firm, cash flows within the firm and cash balances held by the firm at a point of time. In order to reduce the influence of uncertainties with regard to cash needs and to ensure adequate liquidity, firms have to guage the need for protective liquidity. This paper makes a modest attempt to analyze the cash turnover and cash inflows and outflows...........

Keywords- cash, cash flow statement, cash ratios, cash turnover

[1]. Agarwal, N.K. (1983). "Management of Working Capital", Sterling Publication Pvt. Ltd., New Delhi,.
[2]. Akbar Ali Khan, (1990). Financial Management of SRTCs in India, New Delhi, Anmol Publishers.
[3]. Chandra Prasanna. (2001). Financial Management Theory and Practice. New Delhi, Tata McGraw Hill Publication Co,.
[4]. Harbans Lal Verma, (1989). "Management of Working Capital", Deep and Deep Publication, New Delhi.
[5]. Misra,R.K. (1975). "Problems of Working Capital (With Special Reference to Selected Public Undertakings in India)", Somaiya Publication Private Limited, Mumbai,.

Abstract: Priority sector lending is intended to provide institutional credit to those sectors and segments for which it is difficult to get credit. Non-Priority Sector lending is the sector towards which financial institutions are always ready to lend credit. This sector is still glamorous. It attracts finance every time. It covers all the remaining sectors which are other than PSL. This paper analyses the role of priority sector NPAs and Non-Priority sector NPAs in total Non-Performing Assets of Public Sector Banks (PSBs) in India. The present study examined trends in sector-wise NPAs of Public Sector Banks and also examined whether there is a significant impact of priority sector NPAs and Non-priority sector NPAs on total NPAs of PSBs and find out the effect of gross advances on total NPAs of PSBs. This study conducted on secondary data. The period of the study is 12 years i.e., from 2005 to 2016. The statistical tools such as ratios, correlation, t-test, Regression have been used for the analysis.

Keywords: Non-Performing Assets, Priority sector, Non-Priority Sector, Advances, and Public Sector Banks

[1]. Master Circular –Prudential norms on Income Recognition, Asset Classification and provisioning pertaining to Advances, 2015.
[2]. R K Uppal (2009) "Priority sector advances Trends, issues and strategy‟, Journal of Accounting and Taxation, 1(5), 89.
[3]. N. Goyal, R. Agrawal, and Agrawal (2015) "A study of the effect of priority sector lending (sector-wise) on Non-Performing Assets of India commercial banks," International Journal of Research in Finance and Marketing, 5(5), 85.
[4]. D. Nagarajan, Sathyanarayan, and A. A. Ali (2013) "Non-Performing Asset is a threat to India Banking Sector- A comparative study between priority and non-priority sector lending in public sector banks", International Journal of Advanced Research in Management and Social Sciences, 2(11), 39.
[5]. B. Pandya (2015) "Impact of priority sector advances on bank profitability: Evidence from scheduled commercial banks of India", BVIMSR‟S Journal of Management Research, 7(2), 75.

Abstract: The financial system is the back bone of the economy. A well-developed financial system greatly facilitates economic development leading to increase in national Income and living standards. An organized financial system is characterized by the existence of integrated developed and regulated financial markets and institutions that carter to the financial needs of both the house hold sector and corporate and government sectors. The objective of the study is to generate understanding about the impact of the Indian financial system after the introduction of liberalization measures in 1990's which has become more advanced in response to various needs of the economy. This research paper also aims at examine the effective implementation of Sri. M. Narasimham committee recommendation on banking sector. This research paper also framed some objectives to understand the study.

Keywords: Liberalization vis – via impact of financial reforms in Banking sector – Impact of the 1st Phase of Sri. M. Narasimham Committee on Banking Sector with implementation of Financial Reforms

[1]. Kalpana Deb, Indian banking since Independence.(1988)
[2]. Narasimham . M, "Report of the Committee on the Financial System", RBI, 1991.
[3]. Toor. N.S, "Non-Performing Advances in Banks" – Concept, Practice and Management", Skylark Publications, New Delhi, 1994.
[4]. RajagopalaNair, Rural Bank Marketing in Kerala, Doctoral Thesis, University of kerala(1994)
[5]. Uppal. R.K(2009)., "Customer Service in India Commercial Banks: An Empirical Study, Asia-Pacific journal of Social Sciences, Jan-June 2009, pp 127-141.

Abstract: Electronic banking is the most inventive services offered by the banks. The transformation from traditional banking started from the use of automatic teller machines, ATM, direct bill payment, Electronic Fund Transfer (EFT) and the revolutionary online banking is being accepted by the customers with growing awareness and education. Many people are shifting to e-banking and are readily accepting the usefulness of this option. It allows customers to manage their accounts from any place at any time for minimum cost. Demonetization changed the economic environment in the country by forcing agents to move from using cash as a medium of exchange to using cash substitute.There are many substitutes for cash in the modern economy ranging from cheques, debit cards, pre-paid cards, credit.........

Keywords: Customer perception, Time Saving,Cost effective, Inventive and Effective services.

[1]. Johnson (2005). Overview of Electronic Payment Systems in Nigeria: Strategic and Technical Issues. CBN, 29(2),68 – 71.
[2]. Ozuru, H. N; Chikwe, J. E and Idika Uduma (2010). The use of Traditional payments and electronic payments systems in Nigeria: A discourse. Proceedings of the 11th Annual Conference of International Academy of African Business and Development.
[3]. Singhal, D and V. Padhmanabhan (2008). A Study on Customer Perception Towards internet Banking: Identifying major contributing factors.The Journal of Nepalese Business Studies. V (1), 101 – 111.
[4]. Christopher, G; C. Mike; L. Visit and W. Amy, (2006). A Logit Analysis of Electronic Banking in New – Zealand. International Journal of Bank Marketing, 24, 360 – 383.
[5]. Brodie, R. J; H Winklhofer; N. E Coviello and W.J Johnston, (2007). Is e–marketing coming of age? An Examination of the Penetration of e–marketing and Firm Performance. Journal of Interactive Marketing, 21, 2 – 21.

Abstract: The rural sector is considered as any place with a population of not more than 5000, and where most of the working population is engaged in agriculture. In India 70% of the country's population lives in rural areas, as most of the working population is engaged in agriculture and farming activities and if there is a failed season or crop failure, the lives of farmers are effected directly or indirectly and they end up in financial crisis. The main reason for crop failure is adverse weather conditions or pests. The study demonstrates that 39% of the variation in expected crop failure rates can be explained by soil and climate...........

Key words: Products of rural insurance, Government, need for insurance, economic security, rural areas.

[1]. http://www.cholainsurance.com/rural-insurance.aspx
[2]. https://www.sapling.com/8033910/rural-insurance

[3]. http://www.newindia.co.in/Content.aspx?pageid=91ONDS
[4]. https://www.bankbazaar.com/insurance.html

[5]. https://www.ibef.org/industry/insurance-sector-india.aspx