IOSR-JEF   Volume-12 ~ Issue-5 ~ Sep. – Oct. 2021

Abstract: The subject matter of this paper is a "Descriptive study on the impact of demonetization in India: From the perspective of society, politics and economic fraternity." Three important independent variables have selected for this study that might have influenced the performance of demonetization that had implemented in India in 2016. They are social impact, political impact and economic impact.
The objectives of demonetization were linked to a variety of issues such as limitation of black money, removing forged currency and stopping terrorist funding. Quite a few academics have conducted their own analysis of demonetization and its effects. But most of the research works have addressed the partial and biased effects of the demonetization move since they have been carried out in the early months of the move. This paper finds that, in general, the effects of demonetization on the economy can be said to be balanced and unbiased. This is of major importance for stimulating investment in the economy, which in turn, has wider implications for the overall expansion and development....

Keywords: demonetization, economic performance, society, politics, currency

Abstract: Background: In January 2021 the Comptroller Auditor General of India wrote to the Finance Ministry, seeking performance audit of massive Recapitalization Exercise carried out for the Public sector banks. Out of the total recapitalization done for public sector banks for more than last decade, major portion is done under the 'Indradhanush scheme' from 2015-16.
As the government is facing further recapitalization challenge in view of the ongoing COVID 2019 crisis, it is necessary to take overview of the impact of the previous recapitalization.
Material and Methods : This study attempts to check a few key parameters of select public sector banks over the recapitalization period in order to....

Key Words: Recapitalization, Public sector banks, Profitability, capital adequacy, NPAs

Abstract: This study examined the effect of forensic auditing and internal control on ethical behaviour of employees in the banking industry. It was also aimed at finding out which of the two independent variables have more effect on ethical behaviour of employees in the banking industry. The study employed correlational research survey design. The population consisted of all the employees of five selected banks in Ekiti with a total population of four hundred and twenty-four. Simple random sampling technique was employed to select 30% of the employees in the banking industry. Two research questions were raised and two research hypotheses were formulated and tested at 0.05 level of significance. The regression analysis revealed that R was 0.874 which indicated very high relationship between forensic auditing.....

Keywords: Forensic auditing, Internal control, Ethical behaviour

Abstract: Background: A healthy population positively impacts on a country's economic growth. However, two measures of health outcomes in Kenya -life expectancy at birth and under-five mortality rate, on average are 58.2 years and 85.9 deaths per 1000 births against government targets of 72 years and 24 deaths per 1000 births respectively. The consequences of the above scenario have hampered country's productivity, national income and poverty reduction initiatives. The general objective of the study was therefore to determine the effect of diaspora remittances on health outcome. Specifically, this study examined the effect of diaspora remittance on life expectancy at birth, and the effect of diaspora remittance on under-five mortality rate. Methods: Time series data for the period........

Keywords: Remittances, Life Expectancy at birth, Under-five Mortality, Kenya

Abstract: This work aims at quantifying the degree of both de jure and de facto independence of the Central Bank of Egypt (CBE) over the period 1993 – 2017. It relies on the two composite indices designed by Fouad, Fayed and Emam (FFE) (2019). To this end, relevant legal independence attributes and practical arrangements are investigated. Lastly, the study captures the potential gap between CBE's de jure and de facto independence. Findings reveal that independence level is advancing in Egypt. Nevertheless, further legal and institutional challenges remain in place concerning CBE financing to government, potential arbitrary dismissal of governor and board members, as well as CBE's involvement in areas beyond the scope of its mandate.

Keywords: Central Bank Independence, Political Economy, De jure Independence, De facto Independence, Central Bank of Egypt.

Abstract: In March 1923 before Indian independence B. N. Adarkar economist and later Governor of the Reserve Bank of India, was appointed by the Government of India to create a health insurance scheme for industrial workers. A year later the report he submitted became the basis for the Employment State Insurance (ESI) Act of 1948. The ESI Act was enacted in India in 1948, but come into reality from 25 February 1952, established in Kanpur and Delhi. Initially intended for workers working in factories and companies only. It is now applicable to all establishments having 10 or more workers including educational institutions, hospitals, etc., covering 15.5 million employees working with about....