Journal articles: 'India Money'

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Zmarialy, Yousufi, and P. N. Harikumar. "An overview of anti-money laundering practice in the indian financial system." i-manager's Journal on Economics & Commerce 3, no. 3 (2023): 33. http://dx.doi.org/10.26634/jecom.3.3.20219.

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Money laundering is a menace to economies and a central concern globally. The financial system remains the primary target of money launderers. While the risk of money laundering cannot be entirely eliminated, it can be mitigated through specific preventative measures. In this regard, FATF took its initial international step by presenting its 40 recommendations to combat Money Laundering and Terrorist Financing. These recommendations have since evolved into a model for successful national and global Anti Money Laundering and Countering Financing of Terrorism (AML/CFT) controls. This paper aims to assess and describe the anti-money laundering (AML) practice and framework within the Indian financial system, as well as to examine how the Indian financial system has addressed FATF's recommendations on AML. The study utilizes secondary data obtained from books, annual reports, and selected websites to achieve its objectives. The findings of the study demonstrate that the Anti-Money Laundering (AML) regime in the Indian financial system is regulated by the Prevention of Money Laundering Act (PMLA) along with an established regulatory and supervisory framework to address FATF Recommendations. The AML framework of the Indian financial system includes FIU-India, which operates as a national agency for receiving, processing, analyzing, and disseminating information related to suspicious transactions. Additionally, the Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), and Insurance Regulatory Development Authority (IRDA) serve as the regulatory and supervisory bodies for financial institutions in India. Regulating, supervising, and developing Anti-Money Laundering (AML) policies and practices for the Indian financial sector fall under the responsibilities of these three authorities.

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Kumar, B. V. "India: Money‐Laundering Alert." Journal of Money Laundering Control 3, no. 4 (February 2000): 351–53. http://dx.doi.org/10.1108/eb027249.

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Rani, Kavita, and Dr Sanjiv Kumar. "Black Money In India – A Conceptual Analysis." Paripex - Indian Journal Of Research 3, no. 1 (January 15, 2012): 14–16. http://dx.doi.org/10.15373/22501991/jan2014/4.

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Sahu, Tarak Nath, and Krishna Dayal Pandey. "Money Supply and Equity Price Movements During the Liberalized Period in India." Global Business Review 21, no. 1 (March 22, 2018): 108–23. http://dx.doi.org/10.1177/0972150918761084.

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This study attempts to contribute towards the prevalent understanding and the extant literatures on the effect of changes in money supply as an important monetary policy shock on the stock prices of India by using a time-varying parameter models with vector autoregressive specification during the period 1996 to 2016. The result of Johansen’s cointegration test suggests a significantly positive long-run co-movement between the growth of money supply and stock prices in India but the result of vector error correction model (VECM) does not exhibit any significant relationship in short run. Further, the error correction term of the VECM reveals a long-run unidirectional causality from money supply to stock prices. However, the Granger causality test confirms that the growth rate of money supply does not cause the stock market movement in India in short run. Finally, the variance decomposition analysis reveals that both the Indian stock markets are strongly exogenous in the sense that shocks to money supply explain only a small portion of the forecast variance error of the market indices. Again, the impulse response function analysis indicates that a positive shock in money supply has a small but persistently positive effect on stock prices in India.

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Chauhan, Sumedha. "Acceptance of mobile money by poor citizens of India: integrating trust into the technology acceptance model." info 17, no. 3 (May 11, 2015): 58–68. http://dx.doi.org/10.1108/info-02-2015-0018.

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Purpose – The purpose of this paper is to understand the acceptance of mobile-money (m-money) among target populations, i.e. below-poverty-line citizens in India, using the technology acceptance model (TAM). The m-money service is a major initiative that can enable the provision of low-cost and speedy money transfer through mobile phones, especially in developing countries such as India. For a large section of the population in India, m-money can act as a way to achieve financial inclusion. However, for m-money to succeed, users should accept the initiative wholeheartedly. Design/methodology/approach – The survey data were collected from 225 actual and prospective m-money users and analysed using partial least square technique. Findings – The findings imply that the trust and the core constructs of TAM such as perceived usefulness, trust and attitude towards usage contribute in influencing the intention to accept m-money. Perceived ease of use neither impacts perceived usefulness nor attitude towards usage. Practical implications – This research also provides possible explanations for the significant relationships between the constructs and discusses how this information can be used to enhance the acceptance of m-money among poor Indians. Originality/value – This research is original and is based on primary data collection and its interpretation. It provides thorough empirical insights on the acceptance of m-money among poor Indian citizens which is currently a weakly addressed and empirically less explored area of research.

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Chutia, Rakesh. "Anti-Money Laundering in India: Issues and Perspectives." International Journal of Scientific Research 2, no. 2 (June 1, 2012): 50–51. http://dx.doi.org/10.15373/22778179/feb2013/20.

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Bhagwan, Ghadage Satish. "Relationship Between Black Money & Poverty in India." Indian Journal of Applied Research 3, no. 9 (October 1, 2011): 149–51. http://dx.doi.org/10.15373/2249555x/sept2013/46.

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Shah, Kavisha Minesh Kumar, and Dr Richa Pandit. "Emergence of Anti-Money Laundering and Indian Banks' Efforts against Economical Crime Money Laundering in India." Journal of Production, Operations Management and Economics, no. 25 (September 29, 2022): 24–34. http://dx.doi.org/10.55529/jpome.25.24.34.

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Money laundering Crimes are Economic suspected crimes that Demolish our economy. Money laundering-related crimes increasing day by day and its harms our Economy. The conceptual research paper examines the content analysis of Anti-Money laundering rules and regulation and presents banks' latest amendments, efforts, and mechanisms for how to overcome money laundering at the initial stage. This conceptual framework will create awareness for Anti-money laundering. It’s established PMLA rules and regulations, banking obligations, and guidelines for Anti-money laundering, so it will increase the knowledge of prevention of money laundering in the banking institution. Whenever cash wants to enter the country's economy then it entered through the banks. So, the banks must maintain some technological instruments, and software and identify suspicious transactions and accounts. Nowadays many small or big money laundering cases and bank defaulters’ rates are emerging rapidly this shows Indian banking sector needs to improve Anti-money laundering compliance

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Goel, Sandeep. "The big bath of demonetization in India: strike on black money for corporate governance." Journal of Money Laundering Control 21, no. 4 (October 1, 2018): 594–600. http://dx.doi.org/10.1108/jmlc-11-2017-0063.

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Purpose This paper aims to focus on the concept of abolition of black money and the demonetization movement started in India for cleaning black money and its impact on corporate world and Indian economy. It discusses the corporate governance effect of the demonetization scheme and various policy measures taken by the government to unearth and curb the black money in the country. It also states the challenges in its process of implementation and implications for future. Design/methodology/approach It appraises and reviews the concept of demonetization and its process in India since its implementation on November 8, 2016. Findings The biggest positive effects of this move were eradication of stocked and staked up money, cleansing of the financial system and improving governance in India. But its implementation had mix outcomes with its own challenges for future improvement. Practical implications The lessons drawn from the experience are expected to pave way for the countries at large. Originality/value It is an original paper on demonetization in India, and it is hoped that the lessons learnt thereof will pave the way for the world at large.

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Chougule, Prakash S., Tejaswi S. Kurane, Suresh T. Salunkhe, and Puja A. Pawar. "A Study of Impact of Cashless Transaction on Society Using Statistical Methods." International Journal of Innovative Science and Research Technology 5, no. 7 (July 24, 2020): 300–305. http://dx.doi.org/10.38124/ijisrt20jul233.

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A cashless society describes an economic state whereby financial transaction are not conduced with money in the form of physical banknotes or coins but rather though the transfer of digital information (usually an electronic representation of money) between the transacting parties. Cashless society have existed based on barter and other methods of exchange, and cashless transactions have also become possible using digital currencies such as bit coins. Cashless India is a mission launched by the government of India led by prime minister Narendramodi to reduce dependency of Indian economy on cash and to bring hoards of stashed black money lying unused into the banking system. The country embarked upon this transition to a cashless economy when the government took the revolutionary step of demonetization of old currency notes such as Rs.500 and Rs.1000 on November 8, 2016. Different activities needed to be planned in all the point of view for migration to cashless society and digital India to achieve the aim of payment and settlement system of India: Vision 2018.

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Japee, Dr Gurudutta. "INDIAN FILMS IN GLOBAL CONTEXT - MONEY OR CREATIVITY!" GAP GYAN - A GLOBAL JOURNAL OF SOCIAL SCIENCES 1, no. 1 (September 5, 2018): 24–29. http://dx.doi.org/10.47968/gapgyan.11003.

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‘Art does not go global because its creator is consciously working towards a worldwide impact.’ It ought to be straightforward to present a description of the ‘world’s biggest film industry’, but Indian film scholars find it difficult to come to terms with its diversity and seeming contradictions. The biggest single mistake that non-Indian commentators make is to assume that ‘Indian Film Industry ’ is the same thing as Indian Cinema. It is not. The Indian film industry is always changing and as traditional cinemas close in the South and more multiplexes open, there may be a shift towards main stream Hindi films. But the South is building multiplexes too and it is worth noting that Hollywood distributors have started to release films in India dubbed into several languages. India's various popular cinemas are not all alike, and the differences among them are not restricted to language. They address different identities; the language communities sometimes transcend national boundaries, as when Tamil cinema is followed avidly in Malaysia. "Bollywood" is a recent, global appellation, but mainstream Hindi cinema tried to address national concerns even under colonial rule. When the English-spoken media in India clamour for a better quality of cinema, what they desire is a cinema that is forged in the Western tradition of storytelling and narrative.

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Manchanda, Rimple. "Money attitude – A review with an Indian perspective." Global Journal of Business, Economics and Management: Current Issues 7, no. 2 (January 1, 2018): 237–44. http://dx.doi.org/10.18844/gjbem.v7i2.2954.

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Abstract Money plays an important role in consumer society. The perception of money determines the attitude toward money and in turn determines the behaviour of a person in situations involving money. The objective of this paper is to review and understand different conceptualities of money attitude, especially with India. It also establishes a new conceptualisation of money attitude. This paper provides the exploratory research design, and qualitative research is conducted to develop a behavioral conceptualisation of money attitude. This is a conjectural study constructed on the analysis of various notions on money attitude in literature. The contemporary conceptualisation of money attitude has been developed by comprehensive examination of descriptions and characterisations of money attitude. The novel and contemporaneous proposition of money attitude provides an imperative foundation for research on money and attitude towards money and stipulates a fundamental start point for pragmatic research. Keywords: Money, money attitude, contemporary conceptualization, Indian perspective.

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Hooda, Reena, and Deepak Dhaka. "Plastic Money Security Issues in India." Oriental journal of computer science and technology 10, no. 2 (May 15, 2017): 408–12. http://dx.doi.org/10.13005/ojcst/10.02.21.

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The benefit of plastic money is its accessibility and acceptability with lightness than cash in wallet plus ready notion with the major problem of fraudsters who may exploit the rights of the genuine stakeholders. At present, the computing resources, communication technology, availability of the cards in competitive market are escalating India to be placed at the growing edge of popularity of plastic money. People after demonetization are intensely employing the technology; moreover it’s a step towards the digitalization of India. With increasing population of the smart phone users, people are more aware about the cautions needed to pursue while using P-cards. However as compare to the developed nations, in a land of villages- India, the problem become more perilous as there are petite infrastructural facility & literacy, high percentage of less skilled population, old customs and non-reach of the government facilities, spoiling the p-money applicability & security and digital India campaign.. Therefore, besides the plastic money rewards and contributions to the digitalization, present paper contributed towards a range of security issues in addition to technique to make money protected and reliable.

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Dash, Santosh Kumar. "Is Money Supply Exogenous? Evidence from India." Margin: The Journal of Applied Economic Research 11, no. 2 (April 4, 2017): 167–95. http://dx.doi.org/10.1177/0973801016689204.

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Against the backdrop of the claim that the rising growth rate of money is one of the major factors behind India’s recent bout of elevated and sticky inflation, this article asks: Is money supply exogenous or endogenous, and can it predict future inflation. This question is investigated using the monetarist framework of inflation. In the empirical analysis of data spanning from 1970–71 to 2009–10, the results of both the monetarist and the error-correction models suggest that money supply accounts for inflation in India. There is also the presence of an error-correction mechanism among money, inflation and output. However, a monetarist equation does not tell anything about causality. Thus, the vector autoregression (VAR) method is used to detect the direction of causality between money supply and the inflation rate. Findings from Granger causality tests suggest weak evidence of inflation (Granger) causing money supply. As a robustness check, we estimate VAR models using quarterly data and, further, using core inflation. The results of the causality tests from the quarterly data, the impulse response function and forecast error variance decomposition suggest that money supply is weakly endogenous. JEL Classification: E31, E51, E52

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Varshney, Anurag. "Adverse Effect of Demonetization in India." International Journal of Advance Research and Innovation 5, no. 2 (2017): 10–14. http://dx.doi.org/10.51976/ijari.521702.

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Demonetization in India is adverse effected Indian economy. It assumes that in long run it will be positive for economic growth, development and GDP. Black Money market will be finished and Indian currency value will be increased at International level. India faces a big revolution change in economy as aversive or supportive. Predictions and problem could be study but only Future can shoe the right result. Indian economy has to have stood very strongly at world level Economic Growth. The study is defining the adverse effect on economy during Demonetization Period.

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Chitre, V. S. "Quarterly Prediction of Reserve Money Multiplier and Money Stock in India." Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics 28, no. 1 (March 1, 1986): 1. http://dx.doi.org/10.21648/arthavij/1986/v28/i1/116346.

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KUNDAN KISHOR, N. "MODELING INFLATION IN INDIA: THE ROLE OF MONEY." Singapore Economic Review 57, no. 04 (December 2012): 1250028. http://dx.doi.org/10.1142/s0217590812500282.

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This paper studies the role of the real money gap — the deviation of real money balance from its long-run equilibrium level — for predicting inflation in India. Using quarterly data on manufacturing inflation from 1982 to 2007, we find that the real money gap is a significant predictor of inflation in India. Our results show that this variable is a better predictor of future inflation at quarterly horizon than the deviation of broad money growth from its target for the whole sample period. We also document a break in the overall predictability of inflation in the last quarter of 1995. We find that, except for the real money gap, the forecasting power of other predictors under study has declined considerably after 1995.

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Kumar, Mr Rajesh, and Dr Bhupendra Kumar. "ACCEPTABILITY OF CASHLESS ECONOMY AFTER DEMONETIZATION IN INDIA." International Journal of Social Sciences & Economic Environment 2, no. 2 (December 30, 2017): 13–20. http://dx.doi.org/10.53882/ijssee.2017.0202003.

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Demonetization is the act of stripping a currency unit of its status as legal tender. Demonetisation is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit. November the 8th, 2016 - the date has become a landmark for the Indian economy. It was an ordinary day for any Indian, but then the clock struck 8:15 p.m. and there was our Prime Minister addressing the countrymen. In a 25-minute long speech, the Prime Minister had waged a war against black money by withdrawing legal tender character of Rupees 500 and Rupees 1000 notes with effect from midnight, and issuing new Rupees 500 and Rupees 2000 in place. The surging menace of fake currency, especially in high denomination, cannot be stressed enough. This in turn, is hoarded as black money, and is misused by terrorists for anti-national and illegal activities. India is still known as a cash-based economy. Keywords: Demonetization, Black Money, cashless transactions, GDP.

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Reddy, Dr B. Sudhakar. "Strategies to Tackle the Issue of Black Money in India." Global Journal For Research Analysis 3, no. 3 (June 15, 2012): 19–21. http://dx.doi.org/10.15373/22778160/mar2014/8.

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Hasan, Aslam, Mohammed Atif Aman, and Mohd Ashraf Ali. "Cashless Economy in India: Challenges Ahead." Shanlax International Journal of Commerce 8, no. 1 (January 1, 2020): 21–30. http://dx.doi.org/10.34293/commerce.v8i1.839.

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In an attempt to curb-out black money, money laundering, and to have a sound economy, the central government of India has embarked on the cashless economy. It is the birth of a new era in the nation with life with digital money. This paper is going to conceptualize the meaning of a cashless system, explains online banking techniques in India, schemes by government to spread the cashless system in India and highlights the challenges of the cashless economy and electronic payment systems. The objective of this study is to examine the significant challenges that are faced by Indians on the way towards cashless. To achieve the objectives of this exploratory type of personal study, interviews will be conducted.

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Rani, P. Geetha, and M. Ramachandran. "Predictability and Controllability of Money Stocks: A Money Multiplier Approach for India." Indian Economic Journal 42, no. 1 (September 1994): 124–33. http://dx.doi.org/10.1177/0019466219940109.

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Mukaria, Bhawna. "PLASTIC MONEY: PROSPECTIVE AND CHALLENGES." International Journal of Engineering Technologies and Management Research 5, no. 2 (February 8, 2020): 117–25. http://dx.doi.org/10.29121/ijetmr.v5.i2.2018.154.

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In present era, it is impossible to imagine modern bank transactions, commercial transactions and other payments without using the plastic cards. Plastic currency is now gradually becoming a necessity across the globe as more and more developed countries are opting for plastic compared to paper as there are several inherent advantages. The growing involvement of smart phones has made technology applications much more accessible to users. The Government also move forward for a “Digital India” and its focus on growing electronic payments is significant drivers of growth in replacing physical payments with technologybacked solutions. India is at the stage of an amazing shift towards electronic money from traditional cash. For instance the Pradhan Mantri Jan Dhan Yojana (PMJDY), is slowly building recognition among people to move from paper to electronic money. The PMJDY alone has seeded over 150 million Rupay cards in the last year, in addition to the 400 million debit cards already in circulation. There is still emergence for significant increase in the usage of debit cards in the years to come as card. This paper focus on the challenges and future prospects of plastic money in India.

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Chhina, Ramandeep Kaur. "Implementation of the concept of “politically exposed persons (PEPs)” in India." Journal of Money Laundering Control 20, no. 1 (January 3, 2017): 89–98. http://dx.doi.org/10.1108/jmlc-01-2016-0001.

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Purpose The purpose of this paper is to critically examine the concept of “politically exposed persons (PEPs)” as provided under the Indian anti-money laundering (AML) regime, particularly focussing on the Reserve Bank of India guidelines to its supervised banks on dealing with the potential money laundering risks posed by PEPs. Design/methodology/approach The definition of PEPs as provided by international standard setters and the concept as defined by the Indian AML regime was examined to examine the extend of the compliance of the Indian AML regime with the mandatory requirements of revised 2012 Financial Action Task Force (FATF) recommendations and other international standards. Findings The paper clearly establishes that the current AML regime of India does not fully comply with the mandatory requirements of the revised 2012 FATF recommendations, and the RBI guidelines do not provide any clear indications to its supervised banks on the effective development and implementation of AML PEPs control. The paper argues that it is high time for India to increase its regulatory focus on the issue of PEPs and to expand its definition of PEPs by including both domestic PEPs and “close associates” of PEPs within the definition. Originality/value The paper demonstrates in an exceptional way that despite variations in the scope of the PEPs definition at an international level, all the standard setters have included certain key individuals (both domestic and foreign PEPs and “close associates” of PEPs) within the scope of the definition and how the legal and regulatory requirements in India are falling short of compliance even with these minimum key requirements. By adopting a step-by-step approach in critically examining the current legal and regulatory requirements enforced on banks in India to efficiently deal with the money laundering risks posed by PEPs, the paper makes a valuable contribution in highlighting the steps that might be taken to strengthen PEPs’ AML controls in India.

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Jain, Sonali. "For love and money: second-generation Indian-Americans ‘return’ to India." Ethnic and Racial Studies 36, no. 5 (January 31, 2012): 896–914. http://dx.doi.org/10.1080/01419870.2011.641576.

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Gupta, Arindam. "Black Money in India: Retrospect and Prospect." International Finance and Banking 5, no. 2 (September 13, 2018): 1. http://dx.doi.org/10.5296/ifb.v5i2.13291.

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The paper makes a review of the attempts of the earlier governments to control black money through various measures vis-à-vis those taken by the present government. The paper finds some leniency in the recently declared Electoral Bond scheme otherwise such other measures of the present government appear to be more focused and reasonably effective. Demonetization was criticized due to the fall-out on the economy in general and its failure as an economic measure to curb black money in particular. The government remains successful in signing too the long awaited Tax Information Exchange Agreement with countries known as tax havens. It is implementing the new Black Money Act. Thus, not remaining exclusively dependent upon tax amnesty schemes like that of the previous governments; the present government has taken a few stern measures in pursuit of fulfilling the ruling political party's election promise to curb the black money menace. Appointment of anticorruption authority or ombudsman following the required legislation having passed under the pressure of an apolitical social movement is the need of the hour. The already existing Prevention of Corruption Act should be suitably amended as proposed, thus not to retain the same any more as a blunt legal weapon to restrain corruption engineered black money.

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Chandrashekar, Kolapuri. "Extensive changes in the electoral system of India for legitimacy and responsible representatives in politics." International Journal of Scientific Research and Management (IJSRM) 5, no. 7 (July 20, 2017): 6486–96. http://dx.doi.org/10.18535/ijsrm/v5i7.86.

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This article introduces the election commission of India (ECI) constitutional status and importance and role of the Indian political system. In addition, analyzing the elections in 70 years independent state in India. This article explains the major issues and problems of Indian freedom and fair election process. Mainly this article exposing the “how good representatives are contesting elections and coming to political power”. In addition, analyzing the “criminalizing the politics” and suggesting the how to eliminate it. Recent times, many commissions suggesting changes in the election process, these changes are accepting and implementing the ECI. This article mainly focuses "Money Effect in Indian Electoral System" and Reducing Election Cost. When Shrink the money in elections and encouraging the free and fire elections in India politics automatically democracy run successfully. These changes were "TV and electronic media and print media" and in the 21st century as many people as part of life and "social websites" (like Facebook), WhatsApp etc.). This article explains “citizen participation” of fire elections and the significant role of the election commission successful of Indian democracy through the comprehensive changes in coming elections. Article concluding some suggestions of radical changes in Indian electoral process for best democracy in the world.

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MATHUR, NAYANIKA. "Eating Money: Corruption and its categorical ‘Other’ in the leaky Indian state." Modern Asian Studies 51, no. 6 (November 2017): 1796–817. http://dx.doi.org/10.1017/s0026749x16000846.

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AbstractThis article studies corruption in India through an ethnographic elaboration of practices that are colloquially discussed as the ‘eating of money’ (paisa khana) in northern India. It examines both the discourse and practice of eating money in the specific context of the implementation of the National Rural Employment Guarantee Act, 2005 (NREGA). The article works through two central paradoxes that emerge in the study of corruption and the state. The first paradox relates to the corruption–transparency dyad. The ethnography presented shows clearly that the difficulties in the implementation of NREGA arose directly out of the transparency requirements of the statute, which were impeding the traditional eating of money. Instead of corruption being the villain it turns out that, in this particular context, it was its categorical Other—transparency—that was to blame. The second and related paradox emerges from an ethnographic examination of the processes and things through which development performance, corruption, and transparency are established and adjudged in the contemporary Indian state. Corrupt state practices and transparent state functioning are authoritatively proclaimed through an assessment of evidence—material proof in the form of paper—that is constructed by the Indian state itself. The push for transparency in India at the moment is not only leading to an excessive focus on the production of these paper truths but, more dangerously, is also deflecting attention away from what is described as the ‘real’ (asli) life of welfare programmes. Ultimately, this article contends that we need to eschew treating corruption as an explanatory trope for the failure of development in India. Instead of devising ever-more punitive auditing regimes to stem the leakages of the Indian state, this work suggests that we need a clearer understanding of what the state really is; how—and through which material substances—it functions and demonstrates evidence of its accomplishments.

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Joshi, Nandish, and Apurva Pathak. "UNVEILING THE VEIL: UNDERSTANDING MONEY LAUNDERING AND ITS IMPACT ON ORDINARY INDIVIDUALS." International Journal of Management, Public Policy and Research 2, no. 2 (May 1, 2023): 6–11. http://dx.doi.org/10.55829/ijmpr.v2i2.146.

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Money laundering refers to the illegal process of disguising the origins of money obtained through criminal activities, and one common method used is known as "money muling." A money mule is an individual who receives money into their bank account from a third party, and then transfers it to another person in cash or other currencies, in exchange for a commission. Money mules operate covertly, concealing their identities as funds are transferred globally. Unfortunately, ordinary individuals can fall victim to scams and lose their hard-earned money through this process. India is also witnessing a rise in money laundering cases, and the Government of India has taken measures to combat this issue. This paper explores the various techniques employed in money laundering, including the use of technology. It also highlights early warning signs to recognize and steps to protect oneself from being unwittingly involved in such illegal activities.

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Patnaik, Anuradha. "International Transmission of Monetary Policy: The Usa to India." International Letters of Social and Humanistic Sciences 54 (June 2015): 53–62. http://dx.doi.org/10.18052/www.scipress.com/ilshs.54.53.

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The present study attempts measure the transmission of monetary impulse from the USA to India by trying to quantify the extent of volatility spillover from the US monetary policy to the exchange rate and interest rate of India. By applying a t-DCC MGARCH model to daily data on Fed Funds Rate, Rupee Dollar Exchange Rate and the Call Money rate of India it was found that there is considerable volatility spillover from the Fed Rate to the exchange rate. Spillover is also clearly evident in case of the call rate. The extent of spillover is higher for the foreign exchange rate than the call money rate. However, it was also noticed that the spillover is asymmetric in either of the cases and is higher during phases of high volatility. In an era of flexible exchange rates excessive dependence of the Indian Economy on short term capital flows to finance the current account deficits which raises the dollar demand and exposes the Indian economy to the Monetary Policy of the US, needs to be reduced. Reforms in the nature of capital flows is also the need of the hour.

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Pradhan, Basanta K., and A. Subramanian. "Money and prices : some evidence from India." Applied Economics 30, no. 6 (June 1998): 821–27. http://dx.doi.org/10.1080/000368498325525.

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Kumar, B. V. "The prevention of money laundering in India." Journal of Money Laundering Control 7, no. 2 (April 2004): 158–69. http://dx.doi.org/10.1108/13685200410809878.

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Ghosh, Saurish. "Northeast India: The Region of Blood Money." Jadavpur Journal of International Relations 14, no. 1 (June 2010): 206–12. http://dx.doi.org/10.1177/0973598410110014.

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Bhaskara Rao, B., and Rup Singh. "Demand for money in India: 1953–2003." Applied Economics 38, no. 11 (June 20, 2006): 1319–26. http://dx.doi.org/10.1080/00036840500396228.

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Goyal, Ashima, and Abhishek Kumar. "Money and business cycle: Evidence from India." Journal of Economic Asymmetries 18 (November 2018): e00105. http://dx.doi.org/10.1016/j.jeca.2018.e00105.

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Radhika, K. P., and Bhuvaneshwari D. "Determinants of Real Money Demand in India." Arthshastra Indian Journal of Economics & Research 11, no. 3 (September 1, 2022): 39. http://dx.doi.org/10.17010/aijer/2022/v11i3/172682.

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Natasha, Queen Nindya. "Analisis Kejahatan Transnasional melalui Aktivitas Money Laundering dalam Illegal Wildlife Trade di India." Transformasi Global 9, no. 2 (December 22, 2022): 84–96. http://dx.doi.org/10.21776/ub.jtg.009.02.1.

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This article aims to describe the relation between Money Laundering and illegal wildlife trade, with the case study focused on India. Money laundering operations in this article are part of a transnational crime act to disguise the illegal profits of Illegal Wildlife Trade (IWT) and are carried out through the stages of placement, layering, and integration. The findings of this paper are (1) identify the scope of the spread of money laundering within global, national, and regional levels and the impacts; (2) acknowledge the implementation of the model of cooperation which has succeeded in identifying the political conditions in India which are identified as weak states in applying the law & also the model of operation that used the Strategic/Risk Management Model as the TOC entity strategy to minimize the legal risk; and (3) finding methods to address and policy recommendations at various levels with the role of the Financial Action Task Force (FATF) at the global level, Anti-Money Laundering (AML) at the regional level in the South Asian region, and the Prevention of Money Laundering Act (PMLA) which was established in 2012 as a preventive measure for India to eradicate money laundering at the national level. Keywords: Money Laundering; Illegal Wildlife Trade; Transnational Organized Crime

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Dhanda, Upasana, and Monika Sehrawat. "ISLAMIC BANKING IN INDIA: AN ALTERNATIVE BANKING SYSTEM." International Journal of Research -GRANTHAALAYAH 3, no. 12 (December 31, 2015): 171–80. http://dx.doi.org/10.29121/granthaalayah.v3.i12.2015.2902.

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The Banking system in India and all over the world is based on the interest system. Interest bearing money is almost like the law of nature where money generates money. However, an alternative banking system called Islamic banking which prohibits charging of interest and is based on profit/loss sharing system became popular in many countries. Global Islamic banking assets attained compounded annual growth rate (CAGR) of around 17% from 2009 to 2013 according to the World Islamic Banking Competitiveness Report 2014-2015. The Indian Banking system has undergone many changes in the recent past with deregulation of banking system paving way for new banks in India. However, Islamic banking which has emerged as a global phenomenon lately has not evolved as a full-fledged system in India though is it operative through the NBFC route. The research paper tries to explain the concept of Islamic banking and discusses the various financial products offered by the Islamic banks. It weighs the various pros and cons of Islamic banking in India. SWOT analysis and Porter’s Five Forces Model are used to provide a thorough analysis of feasibility and scope of Islamic banking in India. The paper reveals that India has a great potential for Islamic banking provided necessary changes in the regulations and guidelines are made to evolve it has an alternative system of banking. The law makers should view it from an economic point of view rather than a religious view for its successful implementation and for the welfare and upliftment of financially excluded sections of society that do not participate in conventional banking due to their religious beliefs.

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Shah, Ms Kavisha Mineshkumar, and Dr Arnaz Kaizad Wadia. "Neoteric Finance and Evolution in Banking Operation in India." Journal of Corporate Finance Management and Banking System, no. 31 (December 3, 2022): 1–4. http://dx.doi.org/10.55529/jcfmbs.31.1.4.

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The Sustainability of economic growth is the primary motive of all nations. The Transformation of hard cash to an e - wallet is a phenomenon. Today all money - related transactions are dine digitally to avoid the wastage of paper and increase the awareness of digital currency in the economically weaker parts of the world. The utilization of electronic money will lead to a faster , easier , and more reliable way of doing day - to - day transactions. All corporate companies and businesses are shifting from paper money to digital money. The purpose of this research paper is to substitute traditional banking practices with digital banking practices. The advancement in technology and the internet has changed banking services to a much faster, easier, and secure way of doing a money transaction. People can send and receive money at anytime and anywhere without doing any paperwork. Government can always keep an eye on all the big transactions as the digital world make all the thing much transparent. All the miscellaneous and tedious work of manually filling up the form to apply for every banking service is shifted online which makes the process of verification easy for the banks.

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Prof. Ch.Rajesham, V. Kanakalatha. "Technological Innovations and Challenges in Banking Industry in India." International Journal of Scientific Research and Management (IJSRM) 5, no. 8 (August 19, 2017): 6691–98. http://dx.doi.org/10.18535/ijsrm/v5i8.17.

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Indian banking system touches the lives of millions of people and it is growing at a fast speed. Banking industry is facing number of challenges in India like changing needs and perceptions of customers, new rules from time to time and great advances in technologies. The pressure of meeting these challenges have forced banks to change the old ways of doing business. The research paper focuses on how the technology has changed the face of banking in India. India's banking system has seen some major (related to managing money) inventions of new things in the past at least 20 years which lead to huge/extreme improvements in banking services and operations. The different inventions of new things in banking and (related to managing money)part/area are ECS, RTGS, EFT, NEFT, Cash machine, Retail banking, Debit and Credit cards, free advice-giving services, online banking system, mobile banking and many more value added products and services. This paper also highlights the benefits and challenges of changing banking (popular things/general ways things are going). Banks are investing heavily in adoption of these inventions of new things. The need of hour is to design such a system that encourages the (wasting very little while working or producing something) of investment in inventions of new things and widens the gap between money/money income and costs involved with reference to (related to computers and science) up step.

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Kumar Das, Pradip. "An Insight into Black Money and Tax Evasion – Indian Context." JOURNAL OF INTERNATIONAL BUSINESS RESEARCH AND MARKETING 3, no. 4 (2018): 30–39. http://dx.doi.org/10.18775/jibrm.1849-8558.2015.34.3004.

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Lately, the issue of black money and corruption has appeared into the forefront following a sequence of scandalous activities regarding finance. Generation of black money and it is stashing abroad in tax havens has predominated discussions and debate in public fora recently. Everybody is anxious over the issue especially after the publication of few expert reports relating to vast estimates of unaccounted property abroad. After noisy turmoil in Parliament, the Government of India has been pursuing new policies and principles on the issue of black money and corruption in public life and has constituted several committees and teams to look over the matter. This paper explains various facets and dimensions of black money, tax evasion and their critical relationship with the policy and administration in India. An attempt has also been made to discuss the causes leading to the generation and estimates of black money and tax evasion and present the strategies adopted by the Government to tackle the issue.

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Rohil, Rohil. "Indian Elections: An inclusive study of ‘Money’ & ‘Muscle’ power." Praxis International Journal of Social Science and Literature 6, no. 6 (June 25, 2023): 49–54. http://dx.doi.org/10.51879/pijssl/060607.

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Being the largest democracy of the world, India has presented itself as an example of nurturing a democracy. But in spite of that, the democracy has not been realized up to the full extent because of certain issues rooted in the exercise of its Elections. Here, the researcher has tried to indicate the most important and integral happenings in the present day electoral system under two broad categories viz. money power and muscle power. This is to say that all the issues pertaining to the elections in India have somehow, the root cause as either of the two powers titled above. Some of these issues have been regulated by the Honorable Supreme Court of India and the Election Commission of India, in the past such as invoking communalism in elections, opinion polls, spending limits, paid news, vote purchasing, use of Government machinery, criminalization, etc. But there are still some issues which are difficult to eliminate and even not got much breakthrough in the Courts and by the Commission, in the name of individual rights & liberty and Directive Principles, such as regulation of the political parties under Right to Information Act, the announcement of freebies in the manifestos, corporate financing of the Elections, horse trading, etc. This paper tries to discuss the various manifestations (covering all the election issues) of money and muscle used as power to win the elections and the steps taken by the Government.

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Adil, Masudul Hasan, Neeraj Hatekar, Sana Fatima, Ibrahim Nurudeen, and Shan Mohammad. "Money Demand Function: A Not-So-Fond Farewell in the Light of Financial Development." Journal of Economic Integration 37, no. 1 (March 15, 2022): 93–120. http://dx.doi.org/10.11130/jei.2022.37.1.93.

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This study investigates the stability issues of real money balances considering financial development. We estimate real narrow (M1) and broad (M3) money demand in India during the post-financial reform, from 1996:Q2 to 2016:Q3. To check the short- and long-run relationships, this study uses the autoregressive distributed lag model of cointegration and other various time series techniques. After incorporating financial development into money demand, we determined short- and long-run relationships and a well-defined open-economy stable money demand specification (M1 and M3) in India. Having established money demand function, the policymaker and central bankers can use monetary aggregates as an indicator or information variable to predict output gaps and inflationary expectations under the inflation-targeting framework.

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Vidyasagar, Kandarp, and Rajiv Kr Dwivedi. "POST DEMONETISATION EFFECT ON BANKING SECTOR, MICRO FINANCING INSTITUTIONS (MFI) AND JOB OPPORTUNITIES." International Journal of Management, Innovation & Entrepreneurial Research 6, no. 2 (August 24, 2020): 39–44. http://dx.doi.org/10.18510/ijmier.2020.624.

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Purpose of this study: This study aims at investigating the effect of demonetisation on the major sectors of the Indian economy i.e. banking sector, micro-financing sector, and employment sector. The government of India claims demonetisation as a tool to tackle inflation, black money, corruption, crime, and terror funding, while others call it harassment attitude. Methodology: In this regard, a survey has been done to collect data from secondary sources. Further data were analysed graphically. Results: The study reveals that there is marginal control over black money. The financial institution RBI suffered a loss due to excess of cash collection and failed to regulate the money properly. The employment sector is affected and a good number of people lost their jobs. Also, micro-financing institutions (MFI’s) business was affected worstly. Social Implications/Applications: The MFIs and SMEs should be promoted and provided with legal financial assistance in order to compensate for their loss so that the 30% of citizens living below the poverty line get relief. Novelty/Originality of this study: This combined study on various sectors gives a clear picture of the effects of post demonetisation in India which can help in predicting Indian economic conditions for the years to come.

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Narayan, Shannu. "Anti-Money Laundering Law in India: A ‘Glocalization’ Model." Statute Law Review 40, no. 3 (April 18, 2018): 224–35. http://dx.doi.org/10.1093/slr/hmy005.

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Abstract The move towards harmonization of International Anti-Money Laundering (AML) regimes has attained importance during the last two decades and has been almost universally adopted by the international community. Member States of the United Nations, and Inter-governmental Organizations like the Financial Action Task Force (FATF), have criminalized money laundering, and many of them have set up specialized agencies to combat it. Money laundering is the life blood of all transnational crimes. Illicit/illegitimate money is integrated and reinvested into the legitimate financial system, which in turn facilitates commission of further transnational crimes. The term ‘glocalization’ describes the locally embedded nature of transnational crime. India’s AML law regime is a perfect example of adopting a glocalization model which is manifested through various amendments carried out to the principal Act to align it with international standards and policies.

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NARSAIAH, Neralla. "DEMONETIZATION IMPACT OVER BANKING LOANS & ADVANCES-A CASE STUDY." Business Excellence and Management 9, no. 1 (March 15, 2019): 17–32. http://dx.doi.org/10.24818/beman/2019.9.1-02.

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The demonetization footstep by the Government of India twisted complicated influences in the economy. Complete sectors of the economy had faced and produced mixed sensation results over the decision of demonetization. India’s financial services struggled with demonetization; on the other hand, demonetization affects utmost over the banking sector because it is substantial influenced services to transform money circulation in an Indian economy. Eradicating components of currency notes from circulation in an economy is demonetization. It is as the processes of components of money are denied the status of legal tender. Consequently, ceased currency notes will not be account as valid currency in an economy. The term ‘demonetization’ is an instrument to shrink Inflation, Black Money, Corruption and terror funding, this step discourages a cash dependent economy in India. Government of India drive towards demonetization has given a strong push to the popularity of digital banking and made helps with the alternative arrangements of e-banking and e –wallet to trade and commerce. Exploring the demonetization emergence in an economy and impact on banking services ecosystem dynamics, this study take an abductive approach anchored in over 4 years of case study data regarding. The present study foremost intention is to be analyzing the demonetization impact over banking loans and advances. In this regard the present study is to be examining the pre demonetization and post demonetization period

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Neralla, Narsaiah. "Demonetisation Impact over Banking Loans & Advances: A Case Study." International Journal of Finance & Banking Studies (2147-4486) 7, no. 4 (May 10, 2019): 51–64. http://dx.doi.org/10.20525/ijfbs.v7i4.007.

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The demonetisation footstep by the Government of India twisted complicated influences in the economy. Complete sectors of the economy had faced and produced mixed sensation results over the decision of demonetisation. India’s financial services struggled with demonetisation; on the other hand demonetisation affects utmost over the banking sector because it is substantial influenced services to transform money circulation in an Indian economy. Eradicating components of currency notes from circulation in an economy is demonetisation. It is as the processes of components of money are denied the status of legal tender. Consequently, ceased currency notes will not be account as valid currency in an economy. The term ‘demonetization’ is an instrument to shrink Inflation, Black Money, Corruption and terror funding, this step discourages a cash dependent economy in India. Government of India drive towards demonetisation has given a strong push to the popularity of digital banking and made helps with the alternative arrangements of e-banking and e –wallet to trade and commerce. Exploring the demonetisation emergence in an economy and impact on banking services ecosystem dynamics, this study take an abductive approach anchored in over 4 years of case study data regarding. The present study foremost intention is to be analysing the demonetisation impact over banking loans and advances. In this regard the present study is to be examining the pre demonetisation and post demonetisation period.

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Siddiqui, Masood H., and Shalini N. Tripathi. "Grocery Retailing in India: Online Mode versus Retail Store Purchase." International Business Research 9, no. 5 (April 27, 2016): 180. http://dx.doi.org/10.5539/ibr.v9n5p180.

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E-retailing is entering into the Indian retail scenario in a noticeable way and online grocery retailing holds a promise of acceptance by the Indian customers. This paper attempts to discover the market potential of online grocery retailing in India and consumers’ perception towards its different aspects. Confirmatory factor analysis proposes that there are five underlying dimensions (convenience, value for money, variety, loyalty and ambient factors) governing the selection of mode for grocery purchase. Thereafter Binary-Logistic Regression has been employed to analyze the impact of these five broad perceptual dimensions upon the acceptance/rejection of online grocery retailing. The respondents accorded the highest importance to the factors value for money and convenience. The study suggested that issues like meeting customer expectations and preferences in terms of delivering value for money, quick and convenient purchasing, smooth delivery process, and reducing risk perceptions are critical for establishing online grocery retailing as an effective alternative to traditional brick and mortar retailing.

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Kumar Tiwari, Aviral, A. P. Tiwari, and Bharti Pandey. "Fiscal Deficit and Inflation: What Causes What? The Case of India." Journal of International Business and Economy 13, no. 1 (July 1, 2012): 57–81. http://dx.doi.org/10.51240/jibe.2012.1.3.

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This study has made an attempt to examine the direction of causality among the fiscal deficit, government expenditure, money supply, and inflation. In the present study we have employed Dolado and L체tkepohl (DL) (1996) and standard Granger-causality approach to examine the direction of the causality among the test variables. However, we have found conflicting results for India. Causality analysis based on DL approach suggests that both government expenditure and money supply Granger-cause fiscal deficit while standard Granger-causality test indicates that only government expenditure Granger-cause fiscal deficit. And money supply Granger-cause government expenditure and fiscal deficit Granger-cause money supply.

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Haider, Najaf. "The Moneychangers (Şarrāfs) in Mughal India." Studies in People's History 6, no. 2 (November 29, 2019): 146–61. http://dx.doi.org/10.1177/2348448919872286.

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The Mughal exchange economy can be visualised as comprising twin circles of cash and credit. In the first, transactions were conducted in currency money (metallic and non-metallic) consisting of fresh imports and pre-existing stocks. In the second, payments were deferred to pre-fixed dates using credit instruments. The circles of cash and credit grew in the sixteenth and seventeenth centuries, possibly more in the latter. This paper is about a unique professional group, the ṣarrāfs, whose members engaged themselves in both these circles. They were essentially assayers and moneychangers who operated in the market or worked for a client (state, village community, members of the ruling class, merchants), or carried out both functions at the same time. The possession and handling of cash enabled them to diversify their operations, the most important being banking. As bankers, the ṣarrāfs accepted deposits on interest, gave commercial and consumption loans, and transferred money from one place or person to another through bills of exchange (hundī) and book entries (giro). The ṣarrāfs facilitated the movement of money and merchandise also by covering risks on payment of premium (inland, marine and credit insurance).

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Holtbrügge, Dirk, and Carina B. Friedmann. "Mind over money. FDI location choice in India." International Journal of Business and Emerging Markets 4, no. 2 (2012): 123. http://dx.doi.org/10.1504/ijbem.2012.046236.

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Journal articles on the topic 'India Money'

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