Accounting and Finance
[Abbr: Acd. Jr. AJAF]
The Efficient Market Hypothesis in Developing Countries: Indonesia
by Arjeta Hallunovi
By keeping into account all the historic and progressive details of the proficiency marketplace theory, in this paper it will be a rapid assessment on the indication of the refusal of the theory based on formerly done readings and based on own examinations. The chief objective of the paper is about the determinations done on stock prices. It is often believed that a superior quality predictableness of the stock charges has a gigantic part in the security market and in the whole macroeconomic policies of a country. The predictability and efficiency accustomed by the competence market theories are desecrated in stock market, by accentuating the statistic that the upcoming stock prices and returns are not estimated entirely by the previous years’ data. In this paper, it is attempted to rule out other representations done for revenues and charges securities in Indonesia to ascertain the refusal of the theory, that in fact it is involved also in some other developing nations. The exemplary of the stock charges and the other estimators by using the root test examine the weak form of the proficiency market theory and authorize the refusal of the theory. With the assistance of the Augmented Dickey-Fuller test and the Granger test of causality, it can be understood that market proficiency cannot be fully liable and comprehensible, because it is a concern of the financial performance. Key Words: Augmented Dickey Fuller Test, Efficient Market Hypothesis, Indonesia, Stock Markets
Study the Role of Forensic Accounting in Detecting and Preventing Frauds or Scams in India through Different Techniques: A Review
by Gulpas Asrar Ansari, Kaneeka Joshi
As we look down to the present scenario, where there has been a drastic rise in financial treachery and money related frauds, a need has arisen of experienced forensic accountants. According to the study, it is found that financial scams that took place in the history of India and which is still ought to happen is mainly due to the lack of stern organizations which can have a control on every abnormal financial activity. This study has discussed about what role does a forensic accountant paly in detecting and preventing financial frauds or scams which are taking place in India. Various methods like as Benford’s law, Theory of Relative Size Factor (RSF), Data Mining Techniques and Ratio analysis are also discussed in this piece of study. The present study is done by the available literature on forensic accounting and its applications. Keywords: Forensic Accounting, Financial Frauds, Scams, White Collar Crimes.
Role of Financial Inclusion in the Development of Economic Growth: A Review
by Garima Jindal, Mohini
India has become the world 6th country which has the largest economy on the basis of GDP data, which is approximately 7.2% in January, 2018. Still, in India, a large population live in the rural areas and have low income which is not even sufficient to survive. To overcome with this problem, the Government of India (GOI) launched a programme of financial inclusion. It plays a very vital role in developing the economic growth of the country by reducing the poverty from the country. The main aim of financial inclusion is to provide the financial services to all common people in fair, transparent and equitable manner at reasonable cost. Still many people are there, who are unable to avail the benefits of financial inclusion due to lack of awareness, lack of financial literacy and many other factors. In this paper, a review study has been done on development of economy growth of the country and poverty reduction using financial inclusion programme. Keywords: Financial Inclusion, Financial Services, Economy
Comparative Study of Taxation Structure of India with BRICS Countries
by Garima Wadhwa, Kratika Mishra
The economic progress of a country is directly depend upon the taxation system of the country. The BRICS participants are either developing or recently developed nations, but they are basically illustrated by their huge, rapidly-growing economy and substantial impact on provincial and universal dealings. The high rate growth of China, India, and Russia increase the importance of BRICS countries to the Global economy. On the other side, the implementation of GST in India shows altered impact on Indian economy. In this current newspaper, an effort has been made to thoroughly understand the taxation structure of India by a comparative analysis along it the following nations: Brazil, Russia, and China and South Africa (BRICS) nations. The factors like as Total Tax Rates, GDP Ratio, No of Tax Payments, Time to Comply Taxes and Ease of doing Business are calculated for comparing BRICS countries tax structures with India. In this paper, we compare Indian tax system with other BRICS countries to analyze the strengths and weaknesses. KEYWORDS: BRICS Tax system, GDP, Comparison of tax structures.
Impact of Reliance Jio on Indian Telecom Industry
by Kratika Mishra, Afreen Tarannum
Indian mobile industry is the most rapidly expanding businesses in the world. Presently, India is the one of the world’s second largest telecommunication market and is still mounting. The telecommunication economy of India is budding speedily and it shall therefore, contribute considerably to India’s Gross Domestic Product (GDP). Reliance Jio’s charge-free scheme generates a huge essential and unanticipated variations in customer’s actions and opponent’s policies. Reliance Jio presented a huge surprise to Indian telecom business, offers as free calling, free internet, and 4g network pose a severe menace to others and appears as a fresh option for the users. The additional service providers surface a fresh kind of challenge and find it problematic to manage up with fresh situations. The review paper here, debates the present trends in the Indian Telecom Industry and impact of Reliance Jio on the competing approaches of opponents in this business. KEYWORDS: Indian Telecom Industry, Telecommunication, Impact of Reliance Jio, India’s
Legal Acceptance of Bitcoin in India: A Review
by Gunjan Jindal , Sheza Azeen
Cryptocurrency is a kind of digital or virtual coinage that uses an encryption technique in order to standardize the generation set of currency unit. In numerous types of cryptocurrency, Bitcoin is one of the most renowned one and is also termed as first decentralized virtual currency. It provides a solution to double spending problem without interference of third party. Still the increasing trend of bitcoin has come under government’s eyes and according to our current finance minister it is more like any other Ponzi scheme, which is presumed to cause real and heightened risk of investment bubble and is thought to give rise to sudden and prolonged crash exposing investor. And hence, is constrained of use in India. Lawful position of bitcoins vary from nation to nation. Some states like Australia, Canada and Germany, have legalized its use as earned income as per rule of bitcoin but in other countries, it is used illegally or in non-uniformity in the legalization. In this review paper, we focus on legality and regulatory framework of bitcoin in India. Keywords: Cryptocurrency, Bitcoin, Decentralized, Legalized