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

Abstract: Insurance sector has vital role in economic and social development of a country as it not only contributes to GDP of a country but is also a social security toolin a developing nation .In India the life insurance sector has come a long way from its nationalisation in 1956 to liberalisation with the passing of Insurance Regulatory and Development Authority Act in 1999.The emerging needs, consumer education and privatisation brought lot of changes and challenges for the only public life insurance company in India. Life insurance Corporation of India has succeeded in meeting the challenges and has maintained its leading position in life insurance industry due to its innovative practices. This paper provides the overview of life insurance sector in India and analyses the performance and innovative strategies of Life insurance Corporation of India.

Key Words: Growth, Life Insurance, LIC, Innovative Practices

[1]. IRDAI Consumer education website www.policyholder.gov.in
[2]. P.K. Biswasroy&VenkateshwaraRao, Marketing of life Insurance business (New Delhi, Discovery Publishing House)
[3]. AtriShikha, Innovative Practices in Banking & Insurance Industry Pioneer journal of IT and Management
[4]. SrinivasanK.,Innovative Channel Strategies in Insurance Industry: An exploration, Faculty column Indiamba.com
[5]. Bedi Harpreet Singh, Singh Preeti, An empirical analysis of life insurance industry in India,ZENITH-International Journal of Multidisciplinary Research, Vol. 1, Issue 7, ISSN- 22315780, Nov 2011..

Abstract: Developed by an anonymous programmer, Bitcoin is a global cryptocurrency and a system for digital payment. It is a decentralized currency as it operates without a single administrator; the transactions take place directly between the users minus any intermediaries. Bitcoin is a distinct mode of exchange when compared to usual banks. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. The prices of bitcoins are volatile i.e. they can unpredictably increase or decrease over a short period of time, owing to its young economy. They are considered high-risk assets whose transactions can only be refunded and not reversed. The bitcoin came into existence in January 2009, with Satoshi Nakamoto mining the first block of bitcoins ever. Since then, a number of supporters engaged in transactions and received bitcoins. Countries around the world started accepting bitcoin as a legitimate mode of currency.

KEYWORDS:Bitcoin, cryptocurrency, decentralized, experimental, legalization, security

[1]. Gregory Maxwell (2015), Confidential Transactions in Bringing New Elements to Bitcoin with Sidechains.
[2]. Ittay Eyal, Adem Efe Gencer, Emin Gun Sirer and Robbert van Renesse (2016), titled "Bitcoin-NG: A Scalable Blockchain Protocol‟ in 13th USENIX Symposium on Networked Systems Design and Implementation.
[3]. Joseph Bonneau, Andrew Miller, Jeremy Clark, Arvind Narayanan, Joshua A. Kroll and Edward W Felten(2015), "SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies‟ in IEEE Symposium on Security and Privacy.
[4]. Juan A Garay, Aggelos Kiayias and Nikos Leonardos, (2017) "The Bitcoin Backbone Protocol‟ in Annual International Cryptology Conference.

[5]. The Times of India.

Abstract: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on supply of goods and services right from the manufacturers to consumers. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at the previous stages. Under GST the MRP will include the tax component i.e. is the seller of the product cannot charge any amount over and above the price of the product and service provided, which is the most important feature of this tax. The benefits of GST can be for business and industry, for central and state governments and for the consumers. The study of the paper is related to GST and its implication..........

Key Words: Goods and service Tax, Export, filing returns Import, Proposed Registration procedure,

[1]. https://cleartax.in
[2]. https://economictimes.indiatimes.com
[3]. https://www.quora.com

[4]. ShefaliDani, (2016) A Research Paper on an Impact of Goods and Service Tax (GST) on Indian Economy, Bus Eco J 7: 264. doi: 10.4172/2151-6219.1000264

[5]. Monika Sehrawat and UpasanaDhanda, "GST In India: A Key Tax Reform" International Journal of Research – Granthaalayah, Vol. 3, No. 12(2015): 133-141.

Abstract: The paper describes the importance of "Virtual Office‟ provided by Bajaj Allianz- General Insurance services in India. The goal in presenting this paper is to understand the importance of virtual office in general insurance business and its benefits derived by the company in providing insurance services and to bring awareness about leveraging real time platform in offering instant services to customers as well as non-customers. The study shows that major innovations had taken place since 2013 with the introduction of "Tablet based applications‟ and "Tweet insurance‟. This paper will also study the various Innovative Techniques used by the company such as Mobile applications, Tablet applications and Tweet insurance to cater to the needs..........

Keywords: 1. Virtual Office 2. Tablet based Applications 3. Tweet Insurance 4. Digital Technology 5. Customer-centric innovations

[1]. www.managementparadise.com
[2]. www.medindia.net
[3]. General Insurance, Insurance Institute of India.
[4]. https://en.wikipedia.org
[5]. https://CIO-economictimes.indiatimes.com

Abstract: Mergers and Acquisitions popularly referred to as M&A's, have been playing a crucial role in the Indian Economy and its growth. In the current scenario, most business firms rely on such M&A's, for not just linear growth, but a growth that is multifold. M&A's have several variable catalysts that help in facilitating inorganic growth to the firms, and provide them with ease of doing business. In a general sense, Mergers and Acquisitions refer to the consolidation of 2 or more companies or their assets. When 2 companies agree upon unifying their affairs, it is said to be a Merger. However Acquisition arises, when one company acquires majority stake of another company, with a condition that its name and legal structure remain unchanged. In the global scenario, where the business environment is extremely volatile, it becomes unpreventable for the business firms to rely on organic growth. One key factor that influences the M&A activities is the Capital Market. SBI and the Amalgamation of its Subsidiary Banks..........

[1]. www.investopedia.com
[2]. www.ukessays.com
[3]. en.wikipedia.org
[4]. www.ukessays.com
[5]. www.thehindubusinessline.com

Abstract: Employees are a company's greatest asset". During the past decade, a number of top-notch companies in India have tied up with wellness insurers in alignment with their broader corporate objective of promoting employee wellbeing. Recognizing their employees' need of physical, mental as well as spiritual wellness in the fast-paced stress-prone workplace, these companies aim to nurture a holistic wellness culture in their organizations. To cater to this aim of corporate giants, many health insurance companies have come up with a unique segment of wellness insurance plans, in addition to their healthcare plans. Thus, the aim of the paper is to capture the shift in the health insurance plans towards including holistic wellness oriented packages into their realm..........

Keywords:Wellness Insurance, Employee Attitude, Employee Awareness, Trends in Health Insurance

[1]. Adongo, C. A., Amuquandoh, F. E., & Amenumey, E. K. (2017). Modelling spa-goers' choices of therapeutic activities. Journal of Hospitality and Tourism Management, 31, 105-113.
[2]. Apollolife - Wellness for complete health - Health Insurance Assurance, Retrieved from: http://www.apollolife.com/HealthyLiving/HealthInsurance/HealthInsuranceAssurance.aspx
[3]. Audrey H.H. Tsui, (2008) "Asian wellness in decline: a cost of rising prosperity", International Journal of Workplace Health Management, Vol. 1 Issue: 2, pp.123-135, https://doi.org/10.1108/17538350810893919
[4]. Ernst & Young Report, 2016; "Value-added Service: Wellness and Preventive Healthcare", FICCI 9th Annual Health Insurance Conference
[5]. Felicity Bishop & Lucy Yardley (2010) The development and initial validation of a new measure of lay definitions of health: The wellness beliefs scale, Psychology & Health, 25:3, 271-287, DOI: 10.1080/08870440802609980

Abstract: Much awaited one nation and one tax regime came into force from1st July,2017. India is having varied culture, climate and political system. These aspects played a vital role in the GST implementation. Indian economy transformed from mixed economy to LPG (Liberalization, Privatization, Globalization) model economy in the year 1991. LPG model changed the economic scenario of India internally as well as externally. Indian economy is continuously on growth track whereas some developed countries struggling to reach targeted growth rate. Most of the countries across the world implemented GST but India being diversified in cultural and political aspects took long time to implement it. Goods and Services Tax poses both issues and Opportunities to the Indian economy. GST will help Government to make tax evasion difficult and also to track business transactions taking place in the country. So Government..........

Keywords: GST, Economic Development, Indian Economy, Infrastructure, Revenue

[1]. Agogo Mawuli (May 2014) "Goods and Service Tax-An Appraisal"
[2]. Dr. R.Vasanthagopal (2011) "GST in India: A Big Leap in the Indirect Taxation System"
[3]. Ehtisham Ahmed and Satya Poddar (2009), "Goods and Service Tax Reforms and Intergovernmental Consideration in India"
[4]. Nitin Kumar (2014) , "Goods and Service Tax- A Way Forward"
[5]. Pinki, Supriya Kamma and Richa Verma (July 2014) , "Goods and Service Tax- Panacea For Indirect Tax System in India"

Abstract: A nation can move forward economically with overall development when it functions with responsibility and accountability. This can happen with a common vision from management and participant. Management is held responsible for the happening whereas participant is entrusted with honest and diligent accountability. This is possible with high transparency with digital economy. Digitalisation means everything and anything in e-format. This enhances quality and transparency and is vulnerable to risk. The process of digitalization, on the other side, exposes towards the risk of cyber theft with or without the knowledge of a person..........

Keywords- cyber crime, cyber insurance, digital economy, cyber risk, Information Technology Act.

[1]. https://en.wikipedia.org/wiki/Cyber-Insurance

[2]. www.aig.com/business/insurance/cyber-insurance

[3]. https://www.onlinejournal.in/IJIRV2I1/004.pdf
[4]. https://www.britannica.com/topic/cybercrime
[5]. https://timesofindia.indiatimes.com/india/one-cybercrime-in-india-every-10-minutes/articleshow/59707605.cms

Abstract: White collar crimes are committed by various individuals in greed of self enrichment. When such crimes are committed collectively in association of various individuals in a business becomes a corporate fraud. Corporate frauds are committed more sophisticatedly by the corporate executives, Directors, Promoters etc. The impact of such frauds is very adverse to commerce and economy. It leads to loss of trust by investors and vested parties. The purpose of this paper is to study on reported corporate fraud committed by The First Leasing Company of India Ltd

Keywords: Corporate Frauds, White Collar Crime

[1]. Nandini Rajagopalan and Yan Zhang (Feb 2008) " Corporate Governance reforms in China and India Challenges and opportunities" Volume 51 Issue 1 Business Horizons pages (55-64)
[2]. K. Sowmya, Cauvery Research Journal Volume 3, Issue 1 & 2, July 2009-Jan 2010
[3]. http://cauverycollege.ac.in/is307.pdf
[4]. Varsha Ragoria SSRN (Jan 2010)
[5]. Paulina Kurant (August 2014) in Master's Dissertation, University of Porto, Portugal

Abstract: Health Insurance in India was launched in the year 1986.The health insurance industry has grown phenomenally due to liberalization of Economy and general awareness among the public. In India we have standalone health insurers along with Government sponsored health insurance providers. The General Insurance Corporation of India and the Insurance Regulatory and development Authority conducted an awareness campaign for all sections of the Society to improve the awareness of health insurance and reduce the procrastination for buying the health insurance. Health insurance in India has shown a huge transition due to introduction of private health care financing, increased income, health consciousness among the different classes of the society, price liberalization and reduction in bureaucracy.The paper presents an overview on the health insurance in India.

Keywords: Health Insurance, Liberalisation, Bureaucracy

[1]. Harinder Singh gill and Pooja kansra-"Prospective growth of health insurance in India :Trends and challenges" ,Pacific Business Review International Volume 7,issue,july 2014.
[2]. Ramaiah Itumalla, G.V.R.K.Acharyulu and Kalyanvishwanath reddy-"Health insurance in India issues and challenges". International journal of current research volume 8 issue 02 feb2016.
[3]. J. Anita-An overview on emerging health insurance inindia.
[4]. www.irda.gov.in
[5]. www.rbi.org.in

Abstract: Accounting has evolved consistently over the past decades, with each new addition and innovation making it even better and challenging while providing satisfaction and convenience to the users. Modern accounting has reached the present stage after undergoing gradual changes over the years; by keeping pace with the fast evolving technological advancements. There has been consistent modification and development from manual methods to technological alternatives which has made accounting easier and convenient for users. The recent shift in accounting towards faster technologies has immensely increased its capacity to serve users. The recent trend in accounting; Cloud Accounting is expected to make accounting easily accessible, less expensive and time saving. Cloud Accounting involves use of cloud-based software through any device having internet connection.

Keywords: Cloud Accounting, Cloud software

[1]. https://www.incloudaccounting.co.uk/accounting-process/
[2]. http://in.pcmag.com/software/39437/guide/the-best-small-business-accounting-software-of-2017/
[3]. https://acuity.co/future-of-cloud-accounting/
[4]. http://www.freshbusinessthinking.com/what-are-the-advantages-and-disadvantages-of-using-cloud-accounting-in-your-business/
[5]. https://www.financialforce.com/resources/what-is-cloud-accounting/

Abstract: The advent of nationalization of the banking sector coupled with the globalization effect has changed the dynamics of banking in India. Over the past decade the Indian economy has undergone rapid technological and innovational transformations which led to the birth of payment banks (proposed by the RBI committee on 'Comprehensive financial services for small businesses and low income households' spearheaded by Nachiket Mor during 2014). Adoption of payment banks has resulted in greater financial penetration among Indian demographics in the form of increased awareness among customers and their retention, reduced burden of commercial banks and increased the digitization of banking transactions thus; reducing operational expenditure and maximizing the profitability of banks.

Keywords: Payment banks, factors, RBI, preferences, types.

[1]. https://abhinavjournal.com/journal/index.php/ISSN-2277-1166/article/viewFile/853/pdf_188
[2]. https://www.crisil.com/crisil-young-thought-leader/dissertations/2016/Rohan-Desai.pdf
[3]. http://www.firstpost.com/tag/payment-banks
[4]. http://www.moneycontrol.com/news/business/economy/fino-payment-bank-wants-to-be-the-d-mrt-of-banking-focus-on-mass-market-chief-2264341.html
[5]. http://www.businesstoday.in/money/banking/payments-bank-what-does-it-mean-for-you/story/244995.html

Abstract: Capital structure is one of the important areas of financial decision making. This study has been undertaken to examine the impact of Capital structure on profitability of public and private sector banks in India listed in National Stock Exchange during 2013-2017. Regression analysis and Correlation has been used for establishing arelationship between Return on Equity (ROE), Return on Assets (ROA) and Earnings per Share (EPS) through R-programming.

Keywords: Capital, Return on Equity, Return on Assets, Earnings per Share, Regression analysis and Correlation..

[1]. Abor, J. (2005). The effect of capital structure on profitability: An empirical analysis of listed banksThe Journal of Risk Finance, 6(5), 438-445.
[2]. Ahmad, Z., Hasan, N. M. A., &Roslan, S. (2012). International Review of Business Research Papers, 8(5), 137-155
[3]. Arrif, M., Hassan, T. &Shamsher, M. (2008). How capital structure adjusts dynamically during financial crises. Corporate finance review. 13(3), 11‐24.
[4]. Baker, M. &Wurgler, J. (2002) Market timing and capital structure. The journal of finance.
[5]. Barclay, M.J. & Smith, C.W. (1999) The capital structure puzzle: another look at the evidence. Journal of applied corporate finance. 12(1), 8‐20.