STRIDES – A STUDENTS’ JOURNAL OF SHRI RAM COLLEGE OF COMMERCE

Volume 2, Issue 2 2017-2018 ISSN 2581-4931

RESEARCH PAPERS

Understanding Tax Neutrality – A Comparative Study of Indian and Estonian Tax Structure

Author : Avi Gupta and Kawal Nain Kaur Kohli

Mentor: Ms. Anushruti

Abstract

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Tax neutrality is crucial in determining the fairness of a tax system because establishing a tax system without affecting the economic decisions of individuals has been a major challenge especially since the work done so far is largely theoretical. The paper looks at how the Indian taxation system, by deviating from neutrality, impacts the investment decisions. It first checks the neutrality of taxes through 'Internal Rate of Return' method and then analyses how the tax system affects the incentives to invest by employing statistical tools such as linear regression and ANOVA. The neutral tax regime of Estonia is used as a proxy to determine the probable investment level for India in case of tax neutrality and conclusions are drawn regarding the relevance of neutrality for India and the scope for improvement in the same by making some changes in the components of corporate tax structure that create distortion. However, given that a hundred percent neutrality may have shortfalls on social front, a tax structure that is approaching towards neutrality should be adopted.

Structural Breaks in the Indian Agriculture: A Painful Journey

Author : Akriti Dureja

Mentor: Aasheerwad Dwivedi

Abstract

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This paper econometrically analyses the relationship between the growth of the agriculture sector and Gross Domestic Product (GDP) of the Indian economy. It uses a vast time series data from 1950-51 to 2016-17 to conclude the momentousness of the agriculture sector in the Indian economy. Furthermore, it seeks to scrutinize the question “Whether various reforms induced structural breaks in the agriculture sector or not during the given period?” with the help of Chow Test and concludes the fact that the paramount sector experienced various unfavourable structural breaks and its share in GDP declined notably but on the other hand the sector remained as the highest employer.

 

Crypto Banks: The Future of Indian Banking

Author : Neeraj Anand and Rishav Jain

Mentor: Vandana Jain

Abstract

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Recent banking scams in Indian banking sector have questioned the trust, credibility and the repute of Indian banks. Indian economy which stood firmly even during sub prime mortgage crisis of 2007-09, is grappling with the banking sector scams. Through our analytical study we endeavor to outline the problems infested in Indian banking sector. Meanwhile it is also acknowledged that to reinstate the world's trust and bring back the pride in Indian banking system, a more decentralized and transparent structure is the need of the hour.

 

Through our study we propose a "Model X"- a process for the robust and efficient functioning of crypto banks, wherein, the adoption of "Model X" would empower the Indian banks to bury the ghost of the past. Through our research we not only identify the working of the "Crypto Banks" but also highlighted that crypto banks hold immense potential for revolutionizing the Indian banking industry.

 

'Shell'tering Behind the Corporate Facade: Unmasking Money Laundering

Author : Arshnoor and Kanksha Malhotra

Mentor: Dr. Ravi Gupta

Abstract

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The recent regulatory action by Securities and Exchange Board of India (SEBI) directing stock exchanges to initiate action against 331 listed companies is only the tip of the iceberg. The use of shell companies to route illicit funds and legitimise the ill-gotten gains (or money Laundering) has been rampant much before the post-demonetisation period (when they Actually came on government's radar). This paper is an attempt to study the concept of money laundering through creation of shell companies. The intent is to demonstrate the factors that lead to abuse and present the steps to be taken to plug the loopholes and reduce the risk. Study of the relevant laws [Benami Transactions (Prohibition) Amended Act 2016, Income Tax Act 1961, Prevention of Money Laundering Act 2002 and Companies Act], relevant case laws and recommendations by FATF and SIT on black money has been done to identify the vulnerabilities involved.

Urban Housing in India

Author : Shreya R and Shruthi Ramesh

Mentor: Mr. Abhinav Prakash

Abstract

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With more than one third of the Indian population living in cities, problems related to urbanisation are looming large. Providing sustainable housing facilities to all is one of the main challenges before the government. Through this paper we aim to analyze the housing situation in India. Data was collected through a primary survey conducted in Delhi, NCR. The analysis was done under the following heads: factors contributing to rampant housing poverty, gaps in current housing policies and standards of good housing. The former two heads have been explained under three main categories- informal settlements, resource crunch and administration and governance, while the latter has been analysed in three successive stages, namely, building, occupancy and sustainability which are further broken down into socio-cultural, economic, technological, environmental and legal factors.

Green Investment: Dimensions and Policy Perspective

Author : Tushar Saini and Aishwarya Thakur

Mentor: Dr. Monika Bansal

Abstract

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Amidst the rising concerns regarding the increasing levels of greenhouse effect and global warming, today it is a matter of paramount importance to address this problem and to explore the investment opportunities in green practices. The aim of this paper is to provide a comprehensive review of the concepts related to green investment that are available in the current literature. The aim of this research is to dissect and explore what is being generally included under the term “Green Investment” and how it is being classified. The paper examines how green investment is defined through the perspective of various stakeholders like International institutions, Indian government and corporate houses. The paper concludes that, given the varied scope of the concepts of green investment, the most practical approach could be to take an open minded and flexible stand towards definitions and standards, with governments adopting a governance approach and the corporates adopting a strategically sustainable approach to green investment.

A Study of Some Determinants of an Education Policy

Author : Bipul Verma and Khushboo Chattree

Mentor: Dr. Esther N. Ngaihte

Abstract

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This paper focuses on certain aspects of education namely-accessibility, equity and quality. These are deemed essential pillars of a good education policy. The paper focusses on evaluating outcomes on each of them. For instance, the paper considers the question of how to evaluate if accessibility to education has improved, the tools that would be employed to judge it and the effectiveness of these tools in evaluating the outcomes. The paper further studies factors affecting each one of them. Regression analysis has been carried out to understand the impact of the underlying factors that affect accessibility, equity and quality. As an illustration, secondary data has been used to analyze the impact of numerous factors - infrastructure (such as proportion of schools with electricity or playground), nutrition (proportion of schools that provide mid-day meal, state-level health indicators), education level of instructors, proportion of teacher training institutes and performance of students on mathematical/language ability tests- on quality. Additionally, lack of data on some missing determinants has also been highlighted, such as measures that account for pedagogy and their impact on quality. Similar exercises were carried out for accessibility, and equity. The methodology for assessing performance on these three metrics has been outlined. Further the effectiveness of some of the existing measures was examined and modifications have been suggested in few cases.

Exploring Multitasking: Boon or Bane

Author : Madhavi Sharma and Janvi Khedia

Mentor: Ms. Saumya Aggarwal

Abstract

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This research paper was initiated to examine the take of college going students on multitasking. A questionnaire was circulated among the students of Shri Ram College of Commerce. After going through the results we observed that most of them favoured Multitasking. For them multitasking is not a cause of distraction, it does not hamper their creativity or performance. The results were uniform be it male or female or students of various courses.

Bilateral Causality between Economic Growth and Economic Development

Author : Vaishnavi Paul and Deveshi Chawda

Mentor: Ms. Renu Bansal

Abstract

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In the present world, when conventional measures of economic growth and overall prosperity of a country (National Income) are taking a backseat and overall economic development measures (like HDI) are taking the lead, this paper aims to test a causality (if it exists) between the two.

The paper also goes ahead to put forward possible causes of existence of a causality in a particular phase of a country's development.

Best Three Paper (Volume 2, Issue 2 2017-2018 ISSN 2581-4931)

Awarded I st Prize

Awarded 2nd Prize

Awarded 3rd Prize