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

Abstract: The growth of insurance sector can be seen from 1940 and 1950's, Life insurance business was nationalized in 1956 and near about 250 companies merged and formed a private life insurance businesses . Liberalization (LPG's) measures in insurance sector have changed the face of insurance. Government of Indian appointed a committee headed by Ex-Governor of RBI R.N.Malhotra, who recommended to privatization of insurance sector, which would increase competition and efficiency in insurance market this committee has submitted a report on the insurance reforms in creation of global market it also recommended amendments to regulate the insurance sector to adjust with economic policies of privatization. Insurance being the backbone of country's risk management system, to overcome negative element of insurance (controller of insurance) the new body IRDA emerged (IRDA Act1999)..........

Key Words: Origin of Insurance, Privatization in Insurance Sector, IRDA – Insurance Revolution,Private Insurers USP,LIC Penetration and Density in India,

[1]. Mark S. Dorfman, (2005)Introduction to Risk management and Insurance(Pearson, Prentice Hall, (eight edition), 285-293.
[2]. Emmett J. Vaughan, Therese Vaughan, (2012) Fundamentals of Risk and Insurance (Wiley-India, Ninth edition), 72 – 78.
[3]. ICFAI, (2002) Insurance Industry Emerging Trends (ICFAI), 42 – 45.
[4]. Dr.Neethi Gupta, Dr.Abha Chopra, Principles of Insurance (Kalyani Publishers, 2017).
[5]. M.Satyasudha, A. Parameshwar, P.Satyavathi, T.Sushma, N.Neelaveni, Principles of Insurance (Himalaya Publishing House, 1stedition 2017)..

Abstract: One challenge faced by the human race is global warming. To address the issue of global warming, the United Nations Framework Convention on Climate Change (UNFCCC) was adopted in 1992, with the objective of limiting the concentration of Green House Gases (GHGs) in the atmosphere. Kyoto Protocol came into force in February 2005 which sets limits to the maximum amount of emission of GHGs by countries. Kyoto Protocol provides three market based mechanisms. The only mechanism relevant in Indian context is Clean Development Mechanism (CDM) under which Carbon Credits (Certified Emission Reduction Certificate - CERs) are granted................

KEYWORDS:

 Carbon Credit
 Green House Gases
 Kyoto Protocol
 UNFCC
 Financial Instrument

[1]. Malunjkar,Vaibhav ,J Deshmukh ,Santosh & Balakrishnan,P – (Carbon Credits: A Climate Change Mitigation Strategy),published in International Journal of Scientific & Research Publications, volume 5,Issue 3,March 2015,ISSN:2250-3153.
[2]. Jain, Ravi, Jain, Anupam and Jain, Vinita – (Carbon Credit Accounting), published in Indian Journal of Accounting, Volume XIIV, June 2013, pp 18-25.
[3]. Bothra, Nidhi – (Carbon Credits- Unraveling Regulatory, Taxation & Accounting Issues).
[4]. Brands & Carbon Offsets – Carbon Offsets, Daily, 2008, pp-08-12.
[5]. Lim, X, Lam W.H and Koshy Jacob – (A new accounting norms for carbon trading), 2008.

Abstract: This paper examines the present state of rural insurance in India and attempts to explore the causes which led to poor penetration of rural life insurance markets. It also analyses the rural insurance marketing practices of private life insurance players in India and offers suggestive remarks for capturing the rural potential.

[1]. Nagaraja Rao, Satyapriya Periyasamy. (2014, September). Life Insurance Penetration in Rural Areas-Indian Perspective. Retrieved from http://www.publishingindia.com
[2]. Ravi Nawal. (2008, May 23). Selling Life Insurance in rural India. Retrieved from http://www.celent.com/reports/selling-life-insurance-rural-India
[3]. Rajalakshmi, Nirmal. (2017, April 6). Fasal Bima Yojana needs fine-tuning. Retrieved from http://m.thehindubusinessline.com/opinion/fasal-bima-yojana-needs-finetuning/article9620579.ece
[4]. Linda, McMaken. (2012, February 15). 4 Types of Insurance Everyone Needs. Retrieved from https://www.investopedia.com/financial-edge/0212/4-types-of-insurance-everyone-needs.aspx
[5]. Sectoral Report. (2017, October). Retrieved from https://www.ibef.org/industry/insurance-sector-india.aspx.

Abstract: In recent times, there has been a rise in white collar crimes the world over, especially in India and this is where forensic accounting steps in. A blend of accounting, auditing and investigative skills gives rise to "Forensic Accounting‟. The objective of this study is to link forensic accounting with fraud and to bust the myth that forensic accounting comes into place only when blue collar crimes are committed with financial motives. But in reality, white collar crimes are equally consequential. The approach that has been adopted in carrying out the research is both quantitative and qualitative in nature. The only limitation faced is, minor difficulty encountered while collecting the primary data, as people hardly know about this field. This research has been inspired by various news articles, journals and the urge to explore the field. The aim is to create awareness about the necessity and role of forensic accounting in development and betterment of the economy.

Keywords: Approach, blue collar crimes, forensic accounting, fraud, white collar crimes

[1]. http://www.acfe.com/rttn-highlights.aspx - Report to the Nations on Occupational Fraud & Abuse, 2012 (Accessed on 14th October 2017)
News articles
[2]. http://news.bbc.co.uk/2/hi/business/1780075.stm- Enron scandal (Accessed on 20th October 2017)
[3]. http://www.economist.com/node/940091 - Enron scandal (Accessed on 20th October 2017)
[4]. https://www.investopedia.com/terms/b/bernard-madoff.asp - Madoff scandal (Accessed on 21st October 2017)
[5]. https://www.cnbc.com/scam-of-the-century-bernie-madoffs-crime-and-punishment/ - Madoff scandal (Accessed on 21st October 2017).

Abstract: In simple words, insurance means "a thing providing protection against a possible eventuality." Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively..........

Keywords: Claim, Application, Premium, False Claims, Surrenders, Measures, Types of Frauds, Impact.

[1]. Frauds in insurance on rise survey 2010-11 by Ernst & Young
[2]. Life insurance claims - what have we learnt in the startup phase of a new life company in India
[3]. by Jim Thompson, Fasi, Fiaa, Fia jim.thompson@kotak.com ganesh iyer ganesh.iyer@kotak.com written for and presented at7 th GCA, New Delhi 15-16, February, 2005
[4]. www.insurance.ca.gov
[5]. www.acturiesindia.org.

Abstract: Green accounting is a popular term for environmental and natural resource accounting. It is an expanding field focused on factors like resource management and environmental impact, in addition to company's revenue and expenses. Companies are incorporating the concept of environmental element in their business operation. Green accounting will help the organization to identify the resource utilization and incurred cost. Practically for developing countries like India it is a twin problem about saving environment and economic development.This method records cost and benefits of a business concern. Green Accounting and reporting in India is in developing stage both at the corporate level and at the national level. The present research paper concentrates on understanding the concept of green accounting.

Key words: Green accounting, Environmental impact, Economic development, Business operation

[1]. M. Bennett, P. James, Environmental-related management accounting; current practice and future trends. Greener Management International 1997; 17;33-51.
[2]. A. Adams Carol, Patty Mc Nicholas. Making a difference Sustainability reporting, accountability and organizational change. Accounting, Auditing & Accountability Journal. 2006; 20(3):382-402
[3]. AlokKumar, Pramanik(2002).Environmental Accounting and Reporting.Soujanya Books, Delhi.
[4]. HaripriyaGundimeda.PavanSukhdev. Pushpam Kumar. Rajiv Sinha. And SanjeevSanya (2005). TERI Press, December
[5]. MukeshChauhan(2005), Concept of Environmental Accounting and Practice in India, The Chartered Accountant November 720-726

Abstract: Cash has always been a primary method of transacting in the economy. However, global technological advancement resulting in the introduction of several non-cash payment variants such as plastic money, mobile wallets, etc has opened up avenues to facilitate payments without the usage of physical currency. A major motivator of embracing cashless transactions is basically the ease and convenience of making transactions that it carries. In light of this, the Indian Government is also taking extensive steps in the direction of making India more digitalized with major focus on cashless transactions. The process of financial inclusion and demonetization has paved way for an accelerated and efficient usage of the digital payment system. These measures will drive the development and modernization of the payment system already in place, make it more transparent and accountable thereby...............

Keywords: Cashless transaction, non-cash payments, digitalisation

[1]. Progress Report as on 25/10/2017 Pradhan Mantri Jan Dhan Yojana, Ministry of Finance, Government of India https://www.pmjdy.gov.in/account
[2]. "Digital Payments 2020 – The Making of a $500 Million Ecosystem in India" (2016) The Boston Consulting Group, Google India Pvt Ltd

[3]. "Digital payments soar by up to 300% after demonetisation‟, (Dec 10, 2016) The Times Of India

[4]. "Digital Payments – Analysing the Cyber Landscape‟ (2017) KPMG
[5]. "Did Demonetisation Bring About a Digital Transaction Revolution?" James Wilson (2017), The Wire.

Abstract: The key to the global competitiveness of Indian economy lies in building a high-class infrastructure" such as transportation, communication and power, facilitates the growth of economic activities to contribute national or state GDP through Revenue mobilization. The study attempts to evaluate the financial health of power generation/ distribution utilities listed operating in India. The study is quantitative in nature. It attempts to examine the financial health of the power generation/ distribution utilities listed in money control. Secondary data is used for the study. It covers a sample of 19 power generation/distribution utilities listed in India using Z score. The study found that most of the sample companies are falling in the distress zone. Hence there is a urgent need for the management of the company to examine and reduce the financial distress of the firms.

Keywords- Z-Score, Financial Analysis, Discriminate Analysis, Bankruptcy.

[1]. Altman, E., "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy," Journal of Finance, September 1968.
[2]. Gowri,M &Sekar, M. (2014). Assessing the Financial Health of Select Automobile Companies in India: A Quantitative approach Using the Z-Score Multi-discriminant Financial Analysis Model, Great Lakes Herald Vol. 8, No. 1, March.
[3]. Ijaz, M. S., &Hunjra, A. I. (2013). Assessing the Financial Failure Using Z-Score and Current Ratio: A Case of Sugar Sector Listed Companies of Karachi Stock Exchange.World Applied Sciences Journal 23 (6), 863-870.
[4]. Pardeshi, b. &Thorat, H. (2015). Evaluating the Financial Health of Central Public Sector Enterprises in India through Z Score Mode, Twelfth AIMS International Conference on Management, ISBN: 978-81-924713-8-9, page- 1725-1730
[5]. Pradhan, R (2014). Z Score Estimation for Indian Banking Sector, International Journal of Trade, Economics and Finance, Vol. 5, No. 6, December

Abstract: Urban Co-operative Banks (UCBs) in India that have beenfunctioning over 100 years on the principles of co-operation, self-help and mutual-help have gained real impetus only after the UCB sector was brought under the purview of Reserve Bank of India's Banking Regulation Act, 1949 since 01.03.1966. Tough time started to the UCB sector after the influx of private sector banks and foreign banks after the economic liberalisation initiated in India in 1991 and subsequent series of scams &closure of UCBs starting with Madhavpura Mercantile Co-operative Bank episode in 2001. The UCB sector with a localised banking practices finding it hard to compete the private sector banks and foreign banks that are equipped with the modern technology, adaptability to changing dynamics............

Keywords: EFT, TAFCUB, UCBs.

[1]. NiranjanChipalkatti, K.Rameshand Meenakshi Rishi, Depositor Discipline, regulatory control and banking crisis: A study of Indian UCBs, Annals of Public and Cooperative Economics, 78(4), 2007, 567-594.
[2]. Shantanu Bose, Urban Co-operative Banks in India : Current Scenario, Abhinav International Monthly Refereed Journal of Research in Management & Technology,3(6),2014, 47-51.
[3]. Amit Basak, Co-operative Banks in India: Functioning and Reforms(New Delhi, New Century Publications, 2010).
[4]. Preety, Dr.D.K.Maheshwari, Dr.Prabhat Kumar, Dr.PushpendraKr.Verma, Benefits and Challenges faced by the Cooperative Banks, International Journal of Emerging Technologies in Engineering Research, 4(4), 2013, 61-64.
[5]. Dr.R.S.Shirasi, A study of financial working and operational performance of Urban Co-operative Banks in Pune District, Indian Streams Research Journal, 1(5), 2012, 1-4..

Abstract: Demonetization in India of stripping Rs.500 and Rs.1000 notes as no longer as legal tender is highly affected the common people of the country but, it paves the way for the digital push towards cashless economy and digital banking. The digital banking revolution has made it possible to provide ease and flexibility in banking operations for the benefit of customers. Technological innovations such as mobile money, e-wallets, payment aggregators, etc., have also helped in bringing the people online. Digital or E-wallet refers to an electronic, internet based payment system which is a store house for financial value as well as personal identity. Such electronic payment systems empower a customer to pay online for the goods and services, including transferring funds to other, by using an incorporated...........

Keywords: Cashless Economy, Deliberation, Demonetization, Design and E-Wallets

[1] Akbari P (2012), A Study on Factors Affecting Operational Electronic Banking Risksin Iran Banking Industry (Case Study: Kermanshah Melli Bank), International Journal of Management of Business Research Vol. 2(2), pp. 123- 135,
[2] Gurusamy S (2017), Banking Theory Law & Practice, 4th Edition, Vijay Nicole Imprints Private Limited.
[3] Korzeniowski, Paul (2014) "Mobile Wallet Building Blocks Slowly Take Shape", The Journal of Language, Technology & Entrepreneurship in Africa, vol. 2, no. 1, ISSN:1529-8728, pp. 182-203.
[4] Kulkarni (2013) "Customer Satisfaction on E-Banking, Comparative Study on Private and Public Sector Banks", vol. 43, No. 1, ISSN-0972-6918, pp. 111-126. 18.
[5] Chen, (2008) A Model of Consumer Acceptance of Mobile Payment, International Journal of Mobile Communications, vol. 6, no. 1, pp. 32-52. 19.

Abstract: Telangana, the youngest state of Indian Union has indeed set a new benchmark by moving to 1st Rank in the year 2016-2017 from 13th rank in 2015-16 year in "Ease of doing Business" through introduction of TSiPASS Act,2014 with the aim of higher industrial growth rate from marginal growth rate through single window system for filing applications, payment, status tracking, online scrutiny and approval of application within 15 days, if not, on the sixteenth day, it is deemed approved which has rolled out red-tapism and put red carpet for establishment of new industries by Domestic Industrialists or new entrepreneurs & multi-national Companies to make "BANGARU TELANGANA OR GOLDEN TELANGANA...........

Key Words: TSipass Act - Growth and Performance of Industrial sector – Progress of TSiPASS Act.

[1]. FTAPCCI. (2017). TS-iPASS and Industrial Growth of Telangan State. Hyderabad: FTAPCCI.
Web Links

[2]. https://ipass.telangana.gov.in/

[3]. www.industries.telangana.gov.in/

[4]. www.telangana.gov.in/PDFDocuments/Socio-Economic-Outlook-2017.pdf [5]. https://www.ftapcci.com

[6]. www.tsiic.telangana.gov.in

Abstract: The paper consists the study is to identify and analyze the factors influencing the customer adoption of technology in banking services in the twin cities. The impact of technology on banking operations. Also,a comparative study of banks in different regions to analyze ATM, Internet banking, Telephone banking, Mobile banking services used between users and problems of technology usage in that bank. The Paper is basically concernedand the customer aspect of technology in banking searching for customer satisfaction level and adoptions of banks are analyzed between using Statistical Tools through R-Programming. This is a comparative study of Public sector banks and Private Sector banks and finds out the majority of which kind of transaction in banks in Twin cities.

Key words: ATM, Internet banking, Telephone banking, Mobile banking

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