. Corporate Social Responsibility (CSR), or as we commonly refer to it, is expected to dominate business reporting. Every company is required to have CSR policies and report on their related activities annually. This enables us to describe both socially responsible practices and socially irresponsible activities, which can be recognized. Today, CSR is considered an advanced universal concept that has evolved and grown methodologically. It is a globally known language and perspective that has become increasingly significant. In this decade, partners are expected to prioritize more than just making money and complying with the law; they must also demonstrate concern for business development. CSR has become an integral part of modern-day business. Social Impact: CSR studies enable us to comprehend how businesses affect society and what they have to offer. They examine how businesses promote sustainable practices, address social and environmental challenges, and enhance local communities. Research sheds light on the positive impact that corporations can have on society through the analysis of CSR programs and their outcomes. Stakeholder Involvement: CSR research emphasizes the importance of participation, including that of employees, clients, suppliers, communities, and investors. It investigates how businesses interact with and respond to their stakeholders to promote cooperation, communication, and trust. By developing deeper relationships and understanding successful stakeholder engagement tactics, businesses can enhance their social license to operate. Sustainability: CSR research plays a crucial role in the development of sustainable business operations. It explores how companies incorporate resource efficiency, environmental considerations, and climate change mitigation measures into their day-to-day practices. Research helps generate best practices and facilitates the transition to a more sustainable economy by identifying effective sustainability initiatives. Gray correlation analysis is a tool originally proposed by Deng to address MCTM (Multiple Criteria and Targeted Measure) problems. It has been successfully used to resolve various MCTM problems. GRA (Gray Relational Analysis) stands for the analysis pattern that examines the serial and data type relationship or geometric pattern between measurable impacts in a communication evaluation model. The following factors were analyzed in the study: Community relations, Diversity aspects, Employee relations, Ecological environment, Product aspects, Ownership by family, Ownership by founder, Ownership by mutual funds, Ownership by banks and insurance firms, Ownership by employees (ESOP), Family CEO (dummy), Founder CEO (dummy), Debt/equity, Return on assets. From the results, it is seen that the Founder CEO (dummy) has obtained the first rank, whereas the ownership by banks and insurance firms has the lowest rank.
． 企业社会责任(CSR)，或者我们通常所说的，预计将主导商业报告。每个公司都必须制定企业社会责任政策，并每年报告其相关活动。这使我们能够描述社会负责任的做法和社会不负责任的活动，这是可以识别的。今天，企业社会责任被认为是一种先进的普遍概念，已经在方法论上发展壮大。它是一种全球知名的语言和观点，已经变得越来越重要。在这个十年里，合伙人应该优先考虑的不仅仅是赚钱和遵守法律;他们还必须表现出对业务发展的关注。企业社会责任已经成为现代商业不可分割的一部分。社会影响:企业社会责任研究使我们能够了解企业如何影响社会，以及他们必须提供什么。他们研究企业如何促进可持续实践，应对社会和环境挑战，并加强当地社区。通过对企业社会责任项目及其成果的分析，研究揭示了企业对社会的积极影响。利益相关者参与:企业社会责任研究强调参与的重要性，包括员工、客户、供应商、社区和投资者的参与。它调查企业如何与他们的利益相关者互动和回应，以促进合作、沟通和信任。通过发展更深层次的关系和理解成功的利益相关者参与策略，企业可以增强其经营的社会许可证。可持续发展:企业社会责任研究在可持续经营的发展中起着至关重要的作用。它探讨了公司如何将资源效率、环境考虑和气候变化缓解措施纳入其日常实践。研究有助于产生最佳做法，并通过确定有效的可持续性举措，促进向更可持续的经济过渡。灰色关联分析是邓最初提出的一种解决MCTM (Multiple Criteria and Targeted Measure)问题的工具。它已成功地用于解决各种MCTM问题。GRA(灰色关联分析)代表一种分析模式，它检查通信评估模型中可测量影响之间的序列和数据类型关系或几何模式。研究分析了以下因素:社区关系、多样性方面、员工关系、生态环境、产品方面、家族所有权、创始人所有权、共同基金所有权、银行和保险公司所有权、员工所有权(ESOP)、家族CEO(虚拟人)、创始人CEO(虚拟人)、债务/股权、资产回报率。从结果中可以看出，创始人CEO(虚拟人)获得了第一名，而银行和保险公司的所有权排名最低。
{"title":"Assessing Corporate Social Responsibility Performance using Grey Relation Coefficient Method: A Comparative Study","authors":"Sheetal.V. Hukkeri","doi":"10.46632/jbab/2/1/12","DOIUrl":"https://doi.org/10.46632/jbab/2/1/12","url":null,"abstract":". Corporate Social Responsibility (CSR), or as we commonly refer to it, is expected to dominate business reporting. Every company is required to have CSR policies and report on their related activities annually. This enables us to describe both socially responsible practices and socially irresponsible activities, which can be recognized. Today, CSR is considered an advanced universal concept that has evolved and grown methodologically. It is a globally known language and perspective that has become increasingly significant. In this decade, partners are expected to prioritize more than just making money and complying with the law; they must also demonstrate concern for business development. CSR has become an integral part of modern-day business. Social Impact: CSR studies enable us to comprehend how businesses affect society and what they have to offer. They examine how businesses promote sustainable practices, address social and environmental challenges, and enhance local communities. Research sheds light on the positive impact that corporations can have on society through the analysis of CSR programs and their outcomes. Stakeholder Involvement: CSR research emphasizes the importance of participation, including that of employees, clients, suppliers, communities, and investors. It investigates how businesses interact with and respond to their stakeholders to promote cooperation, communication, and trust. By developing deeper relationships and understanding successful stakeholder engagement tactics, businesses can enhance their social license to operate. Sustainability: CSR research plays a crucial role in the development of sustainable business operations. It explores how companies incorporate resource efficiency, environmental considerations, and climate change mitigation measures into their day-to-day practices. Research helps generate best practices and facilitates the transition to a more sustainable economy by identifying effective sustainability initiatives. Gray correlation analysis is a tool originally proposed by Deng to address MCTM (Multiple Criteria and Targeted Measure) problems. It has been successfully used to resolve various MCTM problems. GRA (Gray Relational Analysis) stands for the analysis pattern that examines the serial and data type relationship or geometric pattern between measurable impacts in a communication evaluation model. The following factors were analyzed in the study: Community relations, Diversity aspects, Employee relations, Ecological environment, Product aspects, Ownership by family, Ownership by founder, Ownership by mutual funds, Ownership by banks and insurance firms, Ownership by employees (ESOP), Family CEO (dummy), Founder CEO (dummy), Debt/equity, Return on assets. From the results, it is seen that the Founder CEO (dummy) has obtained the first rank, whereas the ownership by banks and insurance firms has the lowest rank.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129252233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Researching and choosing market segmentation is one of the most crucial marketing considerations for every company. For many businesses, choosing a target market is one of the most crucial marketing choices. This choice also has an ef-fect on the market mix, purchasing and distribution plans, as well as other business considerations. A strong target mar-ket is selected based on the results of the market segmentation assessment, a variety of parameters, including the size of the segment, the existence of competitors, risk, and profitability are taken into consideration. This article looks at some key segmentation models in respect to the characteristics of industrial markets. Many marketing decisions, including those involving the market mix selection, purchasing, the supply chain, distribution channels, etc., are centered on the target market. Market sector A few steps must be taken to ensure that each market segment's desirability is assessed be-fore one (or more) is selected for entrance. A market is thought to be segmented through this procedure into many sub-groups. The target market that can be reached can be chosen as customers and a subset. a distinctive marketing mixture (Cutler and Keller, 2005). As a multi-objective decision-making process, the TOPSIS approach can be used to address questions with numerous objectives. This study suggests that the TOPSIS approach, which has had positive outcomes, be used to assess foreign players when they are introduced to CBA teams. Because of the increasingly competitive industry, businesses must choose wisely when it comes to marketing issues. One of the most important difficulties is the evaluation and choice of market segmentation. The results show that different sectors may have varying success potential and that choosing the best might help firms fulfill their commitment to expanding their operations. This study can be used as a model for future research and the identification of market categories.
{"title":"Evaluation And Selection of Market Segments Based on The TOPSIS Technique Application","authors":"M. Nirmala","doi":"10.46632/jbab/2/1/11","DOIUrl":"https://doi.org/10.46632/jbab/2/1/11","url":null,"abstract":"Researching and choosing market segmentation is one of the most crucial marketing considerations for every company. For many businesses, choosing a target market is one of the most crucial marketing choices. This choice also has an ef-fect on the market mix, purchasing and distribution plans, as well as other business considerations. A strong target mar-ket is selected based on the results of the market segmentation assessment, a variety of parameters, including the size of the segment, the existence of competitors, risk, and profitability are taken into consideration. This article looks at some key segmentation models in respect to the characteristics of industrial markets. Many marketing decisions, including those involving the market mix selection, purchasing, the supply chain, distribution channels, etc., are centered on the target market. Market sector A few steps must be taken to ensure that each market segment's desirability is assessed be-fore one (or more) is selected for entrance. A market is thought to be segmented through this procedure into many sub-groups. The target market that can be reached can be chosen as customers and a subset. a distinctive marketing mixture (Cutler and Keller, 2005). As a multi-objective decision-making process, the TOPSIS approach can be used to address questions with numerous objectives. This study suggests that the TOPSIS approach, which has had positive outcomes, be used to assess foreign players when they are introduced to CBA teams. Because of the increasingly competitive industry, businesses must choose wisely when it comes to marketing issues. One of the most important difficulties is the evaluation and choice of market segmentation. The results show that different sectors may have varying success potential and that choosing the best might help firms fulfill their commitment to expanding their operations. This study can be used as a model for future research and the identification of market categories.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"632 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116080689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In recent years, a new industrial paradigm known as Industry 4.0 has begun to trend in emerging technologies in the world, helping to bridge the gap between humans and machines in ways that can only be imagined in science fiction books. This technology is rapidly gaining traction in different parts of the world as a potential tool that can maximize corporate productivity, contribute to scientific growth, enrich a country's economy, and improve people's quality of life. This paper describes the concepts of the implementation of Industry 4.0 to redefine education in India. This study aims to identify the possible uses of Industry 4.0 technologies in the area of education and how they can be utilized to facilitate learning. The question is raised on why the Indian education system needs to implement Industry 4.0. A literature study method and a SWOT analysis were used in this study. The results show that it can help to achieve personalized learning, smart classrooms, Data analytics, collaborative learning, and learning management systems. Industry 4.0 has the potential to transform education in India by providing new tools and methods for teaching and learning that can enhance the quality and effectiveness of education.
{"title":"An Evaluation of Redefining Education with Industry 4.0","authors":"Abin George, G. Navya","doi":"10.46632/jbab/2/1/8","DOIUrl":"https://doi.org/10.46632/jbab/2/1/8","url":null,"abstract":"In recent years, a new industrial paradigm known as Industry 4.0 has begun to trend in emerging technologies in the world, helping to bridge the gap between humans and machines in ways that can only be imagined in science fiction books. This technology is rapidly gaining traction in different parts of the world as a potential tool that can maximize corporate productivity, contribute to scientific growth, enrich a country's economy, and improve people's quality of life. This paper describes the concepts of the implementation of Industry 4.0 to redefine education in India. This study aims to identify the possible uses of Industry 4.0 technologies in the area of education and how they can be utilized to facilitate learning. The question is raised on why the Indian education system needs to implement Industry 4.0. A literature study method and a SWOT analysis were used in this study. The results show that it can help to achieve personalized learning, smart classrooms, Data analytics, collaborative learning, and learning management systems. Industry 4.0 has the potential to transform education in India by providing new tools and methods for teaching and learning that can enhance the quality and effectiveness of education.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131834730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper offers some initial examination on how Covid-19 pandemic has influenced the developments of Corporate Social Responsibility (CSR). The researcher argues that Covid-19 pandemic offers a great opportunity for businesses to shift towards more genuine and authentic CSR and contribute to address urgent global social and environmental challenges. The research study focuses on post COVID impact on CSR by the selected iron and steel industry to the societal development. For the study nine companies were selected namely, Godawari Power & Ispat Ltd., Jindal Power and Steel Limited, Hira Steel Limited, Jayaswal Neco Industries Limited, Shri Bajrang Power, and Ispat Limited, Prakash Industries Limited, Real Ispat, Sarda Energy & Minerals Limited, and Shivalay Ispat and Power Private Limited. The study also includes post COVID impact on CSR in Indian context. The study helps one identify some potentially fruitful research ideas. In terms of CSR, this paper encompasses its impact on CSR opportunities, trends, and consumer ethical decision making.
本文对新冠疫情对企业社会责任发展的影响进行了初步探讨。他认为，新冠疫情是企业向更真实的企业社会责任转变，为解决紧迫的全球社会和环境挑战做出贡献的绝佳机会。研究重点是选定的钢铁行业在新冠疫情后对企业社会责任对社会发展的影响。该研究选择了九家公司，即Godawari Power & Ispat Ltd, Jindal Power and Steel Limited, Hira Steel Limited, Jayaswal Neco Industries Limited, Shri Bajrang Power and Ispat Limited, Prakash Industries Limited, Real Ispat, Sarda Energy & Minerals Limited和Shivalay Ispat and Power Private Limited。该研究还包括COVID后对印度企业社会责任的影响。这项研究有助于人们确定一些潜在的富有成效的研究思路。在企业社会责任方面，本文涵盖了其对企业社会责任机会、趋势和消费者道德决策的影响。
{"title":"Corporate Social Responsibility in Post COVID-19 Period","authors":"Deepali Dandwani, H. Kumar","doi":"10.46632/jbab/2/1/3","DOIUrl":"https://doi.org/10.46632/jbab/2/1/3","url":null,"abstract":"The paper offers some initial examination on how Covid-19 pandemic has influenced the developments of Corporate Social Responsibility (CSR). The researcher argues that Covid-19 pandemic offers a great opportunity for businesses to shift towards more genuine and authentic CSR and contribute to address urgent global social and environmental challenges. The research study focuses on post COVID impact on CSR by the selected iron and steel industry to the societal development. For the study nine companies were selected namely, Godawari Power & Ispat Ltd., Jindal Power and Steel Limited, Hira Steel Limited, Jayaswal Neco Industries Limited, Shri Bajrang Power, and Ispat Limited, Prakash Industries Limited, Real Ispat, Sarda Energy & Minerals Limited, and Shivalay Ispat and Power Private Limited. The study also includes post COVID impact on CSR in Indian context. The study helps one identify some potentially fruitful research ideas. In terms of CSR, this paper encompasses its impact on CSR opportunities, trends, and consumer ethical decision making.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121380765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The concept of CSR is in existence since ancient times. The writings of ancient Indian epics have narrated CSR in various forms. Various studies over a period of time have given models for CSR approach. In India, Companies Act 2013, brought an end to the long run discussion on CSR practices by the corporates. The journey of CSR as a corporate responsibility has two broad perspectives, pre–Companies Act 2013 and post Companies Act 2013. CSR policy is still in a nascent stage and hence faces number of challenges. The Union Budget 2015 clarified that any expenditure on the Swatch Bharat Abhiyan is to be claimed as deduction u/s 80 G and not under CSR. Thus, Indian law on CSR still awaits clarification on many areas wherein claiming deduction u/s 80, exemptions from tax and treating it as CSR all are in existence.
{"title":"Corporate Social Responsibilities – Issues and Challenges in India","authors":"","doi":"10.46632/jbab/2/1/4","DOIUrl":"https://doi.org/10.46632/jbab/2/1/4","url":null,"abstract":"The concept of CSR is in existence since ancient times. The writings of ancient Indian epics have narrated CSR in various forms. Various studies over a period of time have given models for CSR approach. In India, Companies Act 2013, brought an end to the long run discussion on CSR practices by the corporates. The journey of CSR as a corporate responsibility has two broad perspectives, pre–Companies Act 2013 and post Companies Act 2013. CSR policy is still in a nascent stage and hence faces number of challenges. The Union Budget 2015 clarified that any expenditure on the Swatch Bharat Abhiyan is to be claimed as deduction u/s 80 G and not under CSR. Thus, Indian law on CSR still awaits clarification on many areas wherein claiming deduction u/s 80, exemptions from tax and treating it as CSR all are in existence.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"103 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115578192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Reserve Bank of India’s digital rupee (e₹) and the Unified Payments Interface (UPI) are transforming the future of payments in India. In our research study, researcher adopted a qualitative method to understand existing literature on the topic. Official and non-official websites were analyzed for information. The study relied on secondary data only, as there was limited prior research in this area. This study analyzes the impact and potential of the digital rupee and UPI in the Indian financial landscape. The digital rupee, launched on December 1, 2022, offers many advantages over traditional paper currency, including security, accessibility, and government backing. The study also highlights potential drawbacks such as disruption to the banking system and security concerns. On the other hand, UPI is a platform for facilitating banking transactions, different from the digital rupee. The integration of the digital rupee with existing payment systems such as UPI and IMPS is expected to increase financial inclusion and reduce transaction costs. The study answers key research questions and concludes that the digital rupee and UPI have the potential to play a significant role in the future of payments in India.
{"title":"The Future of Payments in India: An Analysis of Digital Rupee and UPI","authors":"Kanchan Vyas","doi":"10.46632/jbab/2/1/5","DOIUrl":"https://doi.org/10.46632/jbab/2/1/5","url":null,"abstract":"The Reserve Bank of India’s digital rupee (e₹) and the Unified Payments Interface (UPI) are transforming the future of payments in India. In our research study, researcher adopted a qualitative method to understand existing literature on the topic. Official and non-official websites were analyzed for information. The study relied on secondary data only, as there was limited prior research in this area. This study analyzes the impact and potential of the digital rupee and UPI in the Indian financial landscape. The digital rupee, launched on December 1, 2022, offers many advantages over traditional paper currency, including security, accessibility, and government backing. The study also highlights potential drawbacks such as disruption to the banking system and security concerns. On the other hand, UPI is a platform for facilitating banking transactions, different from the digital rupee. The integration of the digital rupee with existing payment systems such as UPI and IMPS is expected to increase financial inclusion and reduce transaction costs. The study answers key research questions and concludes that the digital rupee and UPI have the potential to play a significant role in the future of payments in India.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133456442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
GST has brought numerous changes in the structure of indirect tax system in India by consolidating many Indirect taxes. Due to modern system in tax compliance’s role of auditors have become more responsible and scope for their profession. The present study aimed to study and analyse Auditors Perception towards fears and threats for reporting of financial statements in post GST era. The study was conducted by referring various optional information and primary data about perception of professional auditors was collected through well-structured questionnaire. The data was retrieved from, the sample size of 400 respondents from Mumbai. In order to analyse the study, frequency, percentage and weighted average method is used to draw conclusion of the study. The study concluded that Overall perception of Auditors from Mumbai is that due to reporting pattern in post GST regime there is fear and threat in the minds of auditor regarding reporting of financial statements which would compel them for more effective reporting.
{"title":"Perception Of Auditors from Greater Mumbai Towards Fears and Threats in Reporting Financial Statements in Post GST Regime","authors":"CA. Nishesh Vilekar","doi":"10.46632/jbab/2/1/6","DOIUrl":"https://doi.org/10.46632/jbab/2/1/6","url":null,"abstract":"GST has brought numerous changes in the structure of indirect tax system in India by consolidating many Indirect taxes. Due to modern system in tax compliance’s role of auditors have become more responsible and scope for their profession. The present study aimed to study and analyse Auditors Perception towards fears and threats for reporting of financial statements in post GST era. The study was conducted by referring various optional information and primary data about perception of professional auditors was collected through well-structured questionnaire. The data was retrieved from, the sample size of 400 respondents from Mumbai. In order to analyse the study, frequency, percentage and weighted average method is used to draw conclusion of the study. The study concluded that Overall perception of Auditors from Mumbai is that due to reporting pattern in post GST regime there is fear and threat in the minds of auditor regarding reporting of financial statements which would compel them for more effective reporting.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115038047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Financial technology (FinTech) is altering financial services in a number of ways, as well as how clients interact with the products these business models offer. Several FinTech solutions are developed to link the financial assets of consumers with technology to make use of any financial operations they might be interested in as simple as feasible. Data analysis reveals that people are interested in financial solutions. Its expanding adoption is based on people's understanding and perception of fintech. the various subcategories of fintech applications. It uses the survey method. With the aid of structured questionnaires, field data is gathered In order to examine how people felt about the adoption of financial technology, the author collected 100 samples from different parts of Mumbai. This study primarily focuses on the performance metrics for implementing financial technology and how they affect acceptance and popularity. Anova test is used to measure association of Demographic Factors on fintech Adoption.
{"title":"The Study of Fintech Solutions and its Adoption with Special Reference to MUMBAI City","authors":"CA. Nishesh Vilekar","doi":"10.46632/jbab/2/1/7","DOIUrl":"https://doi.org/10.46632/jbab/2/1/7","url":null,"abstract":"Financial technology (FinTech) is altering financial services in a number of ways, as well as how clients interact with the products these business models offer. Several FinTech solutions are developed to link the financial assets of consumers with technology to make use of any financial operations they might be interested in as simple as feasible. Data analysis reveals that people are interested in financial solutions. Its expanding adoption is based on people's understanding and perception of fintech. the various subcategories of fintech applications. It uses the survey method. With the aid of structured questionnaires, field data is gathered In order to examine how people felt about the adoption of financial technology, the author collected 100 samples from different parts of Mumbai. This study primarily focuses on the performance metrics for implementing financial technology and how they affect acceptance and popularity. Anova test is used to measure association of Demographic Factors on fintech Adoption.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130074454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
One cannot imagine life without insurance. In today’s world full of uncertainties, life is always at risk. To be more specific, people have become more health conscious than before. Every life is valuable. The urgent need of financial support to family after demise of the bread earner of family has caused awareness among households. There is a competition among companies to sell their insurance plans in the market. The insurer takes up the plan as per their requirements and future family supporting plans. The real test of companies lies in reducing the number of policies surrendered by the insurer after few time of initial zeal towards policies. The pandemic has recently force people to take up new plans while at the same time surrender them due to their personal reasons or unexplained reasons. The present paper attempts to study the impact of covid-19 pandemic on surrender of policies among the two giant insurance companies of the country, Life Insurance Corporation of India (LIC of India) and State Bank of India Life (SBI Life). The secondary data was collected from company’s annual reports. The claim amount pertaining to surrendered policies has been subjected to paired t test and the result showed that there had been significant difference in policy-surrendered claim value before and after pandemic for LIC of India whereas SBI Life result showed no significant difference in policy-surrendered claim value pre and post pandemic.
人们无法想象没有保险的生活。在当今充满不确定性的世界里，生命总是处于危险之中。更具体地说，人们比以前更注重健康了。每个生命都是宝贵的。家庭经济支柱去世后对家庭经济支持的迫切需要已引起各家庭的认识。公司之间存在着在市场上销售保险计划的竞争。保险公司根据他们的要求和未来的家庭支持计划来接受计划。对保险公司来说，真正的考验在于减少保险公司在最初对保单抱有热情的几段时间后放弃的保单数量。大流行最近迫使人们采取新的计划，同时由于个人原因或无法解释的原因而放弃计划。本文试图研究covid-19大流行对该国两家大型保险公司，印度人寿保险公司(LIC of India)和印度国家银行人寿(SBI Life)之间保单退保的影响。二级数据是从公司的年度报告中收集的。对投保单索赔金额进行配对t检验，结果显示印度LIC在大流行前后保单投保单索赔值存在显著差异，而SBI Life在大流行前后保单投保单索赔值无显著差异。
{"title":"Impact of Covid-19 Pandemic on Performance of Life Insurance Companies in Terms of Policies Surrendered","authors":"Roopendra Singh","doi":"10.46632/jbab/2/1/1","DOIUrl":"https://doi.org/10.46632/jbab/2/1/1","url":null,"abstract":"One cannot imagine life without insurance. In today’s world full of uncertainties, life is always at risk. To be more specific, people have become more health conscious than before. Every life is valuable. The urgent need of financial support to family after demise of the bread earner of family has caused awareness among households. There is a competition among companies to sell their insurance plans in the market. The insurer takes up the plan as per their requirements and future family supporting plans. The real test of companies lies in reducing the number of policies surrendered by the insurer after few time of initial zeal towards policies. The pandemic has recently force people to take up new plans while at the same time surrender them due to their personal reasons or unexplained reasons. The present paper attempts to study the impact of covid-19 pandemic on surrender of policies among the two giant insurance companies of the country, Life Insurance Corporation of India (LIC of India) and State Bank of India Life (SBI Life). The secondary data was collected from company’s annual reports. The claim amount pertaining to surrendered policies has been subjected to paired t test and the result showed that there had been significant difference in policy-surrendered claim value before and after pandemic for LIC of India whereas SBI Life result showed no significant difference in policy-surrendered claim value pre and post pandemic.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128971761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business drives economic activity around the world. A consequence of the growing role of digital technology is the major transformation of how businesses across industries, in and outside the digital economy develop, produce, and market their goods and services. The main aim of this paper is to find the Several Digital Platforms which are used in developing business in Dharmapuri District and also analyse the problem faced by the businessman to adopt the digital technology.Dharmapuri district is known for its mango, tamarind, pulse, silk reeling, silk twisting, rice milling,manufacturing of readymade garments, power looms, sugarcane crushingand cacoonproduction. Rice mills and sago companies, as well as many other industries are eager to produce energy food for people of all ages, have a lot of potential.In that five enterprises, 200 business people are selected as sample unit and size of this study by using stratified random method.This research paper is fully descriptive in nature. Primary data is collected via well-structured questionnaire, it consists of three parts like demographical factors of respondents, usage of digital technology and problem faced by the business people in digital technology in DharmapuriDistrict. Secondary data is collected via Annual reports, journals, magazines, booksand newspapers. Percentage Analysis, Weighted average method and Kursal Wallis test were used to analyse the collected data. Findings of the study revealed that there is a significant relationship between the investment made by the business people and usage of digital technologies in business.
{"title":"A Study on Digital Technology Usage in Business with Special Reference to Dharmapuri District","authors":"S. Sekar","doi":"10.46632//jbab/2/1/2","DOIUrl":"https://doi.org/10.46632//jbab/2/1/2","url":null,"abstract":"Business drives economic activity around the world. A consequence of the growing role of digital technology is the major transformation of how businesses across industries, in and outside the digital economy develop, produce, and market their goods and services. The main aim of this paper is to find the Several Digital Platforms which are used in developing business in Dharmapuri District and also analyse the problem faced by the businessman to adopt the digital technology.Dharmapuri district is known for its mango, tamarind, pulse, silk reeling, silk twisting, rice milling,manufacturing of readymade garments, power looms, sugarcane crushingand cacoonproduction. Rice mills and sago companies, as well as many other industries are eager to produce energy food for people of all ages, have a lot of potential.In that five enterprises, 200 business people are selected as sample unit and size of this study by using stratified random method.This research paper is fully descriptive in nature. Primary data is collected via well-structured questionnaire, it consists of three parts like demographical factors of respondents, usage of digital technology and problem faced by the business people in digital technology in DharmapuriDistrict. Secondary data is collected via Annual reports, journals, magazines, booksand newspapers. Percentage Analysis, Weighted average method and Kursal Wallis test were used to analyse the collected data. Findings of the study revealed that there is a significant relationship between the investment made by the business people and usage of digital technologies in business.","PeriodicalId":162431,"journal":{"name":"REST Journal on Banking, Accounting and Business","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121266259","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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