Volume 2 Issue 1 Jan-Feb 2024

Publication

1. Exploring The Offshore Banking – A Monetary Fixture Across the Borders

Authors:-Mrs. Yasmin. A. Barodawala, Assistant Professor Dr. Thakorbhai Patel

Abstract- The time and technology had led us to experience far-fetched and unthinkable, even in the monetary scenario. A great illustration of it is the idea that we can access and keep our capital in a bank outside our country’s border. This act of keeping our monies outside our country is nothing but ‘Offshore Banking’. It provides the opportunity to safely protect the financial assets, take benefit of no or lower taxes, gain secrecy of funds and so on. Offshore banking has become popular as being black coated with money laundering, underground economy, organized crime and tax evasion. But the greater picture is quite different. In actuality it does not prevent individual’s funds from being subject to personal income tax and interest. Hence this conceptual paper on Offshore Banking discusses the inception, evolution, top ten tax havens of the world and Offshore banking’s legal status in the world and in India. This precariousness of offshore banking has prevented many to explore this section which is vivid from the scanty research articles available on this suspicious subject. Thus, this paper endeavors to dive deeper within the less traversed world of Banks which are Offshore.

2. Gen Z Rewrites Fashion: A Study of Gen Z Consumer Preferences and Drivers in the Fashion Industry in India

Authors:-Badal Dewani, Yuvika Nagaych

Abstract- In the fashion industry, India is undertaking a significant transformation in preference and Genz consumer behaviour, with the Indian apparel market projected to reach US$ 105.50 billion by 2024, analysis of the preferences of Gen Z becomes paramount. This research probes the social media platforms of influencers and Gen Z’s fashion choices within the Indian appareling market. The findings highlight the impact of social media on Genz buying behaviour, Instagram is a prime channel for investigating new fashion trends and choices. Over half of the respondents report being influenced by micro-influencers in their fashion-related buying behaviour. Through an online questionnaire survey, this study reveals the preferences and behaviour of Genz consumers. The key factors are comfort, price, and sustainability that influence their fashion-related buying decision. The study focuses on the significance of social media platforms as well as local influencers. In the future maybe the research approach could focus on developing target market strategies to completely engage Genz consumers in the digital shopping era.369. In summary, the study focuses on the vital role played by social media and micro influencers in framing Gen Z’s behaviour, As the brands understand that to stay and maintain stability in the digital market, they need to be awake and connect with their influencers demographic, they can be sustained relevance and success.

3. Fostering Ethical Entrepreneurship and Customer Trust: The Ladipo International Auto Market Perspective

Authors:- Godson Christian Osita, Eze Benneth Uchenna

Abstract- This conceptual study delves into ethical practices and customer trust in Ladipo International Market, with a specific focus on the automotive spare parts business. The research provides insights into the current landscape of ethical practices, challenges, and potential benefits within the market, as well as strategies for building and maintaining customer trust and the impact of customer trust on business performance. The conceptual nature of this paper stems from its emphasis on synthesizing existing knowledge and proposing theoretical frameworks rather than empirical data collection. Key findings highlight the diverse ethical practices in the market, including a commitment to fair transactions, adherence to regulations, and a focus on customer satisfaction. However, challenges such as counterfeit products and inadequate regulatory oversight, among others, hinder the widespread adoption of ethical standards. Factors influencing customer trust include, but not limited to, product quality, transparency, and market reputation. Strategies for building trust encompass transparent pricing, quality assurance, customer education, and ethical conduct. The implications for businesses and customers underscore the importance of ethical practices in enhancing brand image, customer loyalty, and long-term profitability. Future research and advocacy efforts should focus on evaluating the effectiveness of specific advocacy strategies, exploring the impact of technology on customer trust, and prioritizing collaboration among stakeholders to promote ethical conduct and market integrity.

4. Understanding the Relationship between Inflation, Expenditure, and Revenue: Economic Stability and Fiscal Policy

Authors:- Mahesh Joshi

Abstract- This study explores the dynamic interactions between inflation, government expenditure, and revenue in Nepal using advanced econometric techniques. By understanding these relationships, the re-search provides insights into the drivers of economic activity and the implications for policy formula-tion. Utilizing data from June 2017 to April 2024, the analysis employs the Autoregressive Distributed Lag (ARDL) model, Phillips-Perron unit root tests, and Granger causality tests to examine both long-term and short-term relationships. The findings reveal significant long-run relationships between infla-tion, expenditure, and revenue, with inflation showing a negative impact on expenditure. Additionally, bidirectional causality between expenditure and revenue is identified, indicating a feedback loop where changes in one variable influence the other. These results underscore the necessity for coordinated fiscal policies to maintain economic stability and foster growth. The study offers valuable guidance for policymakers in managing inflation and optimizing expenditure and revenue strategies to achieve sustainable economic development.

5. Financial Innovations, Startups & Financial Inclusion

Authors:- Aadil Zamir

Abstract- Fintech innovations have completely reshaped the financial landscape, fundamentally altering how people access financial services, conduct transactions, and manage their money. The traditional financial industry has been significantly disrupted by fintech, forcing financial institutions to rethink their strategies and services to remain competitive. Fintech startups, with their agile and customer- centric solutions, have emerged as formidable challengers to traditional players. Furthermore, fintech has revolutionized payment systems, introducing digital payment methods and facilitating cross-border transactions, thereby reducing reliance on cash-based systems. This shift towards digital payments has made financial transactions more convenient, efficient, and accessible to a broader population. One of the most significant impacts of fintech is its role in driving financial inclusion. Through mobile-based platforms and innovative solutions, fintech has extended formal financial services to previously underserved populations, empowering individuals and small businesses to participate more actively in the formal economy. Despite its transformative impact, fintech also brings regulatory complexities and cybersecurity risks that policymakers and stakeholders must address. Ensuring sustainable and inclusive financial ecosystems requires proactive measures to mitigate risks and ensure consumer protection. This article delves into the transformative impact of fintech on traditional financial institutions, payment systems, and financial inclusion. By analyzing various literature and case studies, the research aims to explore how fintech has disrupted traditional practices, improved efficiency, and fostered greater financial inclusion on a global scale.

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Women Empowerment through Financial Literacy: Building a Sustainable Future

Authors:- Research Scholar Sukhada Koppikar

Abstract- Investing in women’s financial literacy is not just an ethical imperative, but a strategic investment in a more sustainable future. This paper explores the crucial link between financial literacy and women’s empowerment, emphasising its impact on individual well-being, economic growth, and societal progress. Women empowerment goes beyond simply having rights on paper. It requires access to resources, decision-making power, and the ability to influence outcomes without undue social or economic pressure. It’s not just about financial independence, but also about freeing women from dependence on men or family for basic needs and opportunities. This includes social, cultural, and political independence as well. The statistic of 50% economically dependent women highlights the vastness of the issue in India. It emphasises the need for widespread and targeted interventions to address this challenge. This paper examines the financial behaviour and product knowledge of working women in Maharashtra. Financial literacy consists of combining efforts of knowledge and skills with saving and investment behaviour to generate wealth. Financial products are complex and require rational planning and a deep understanding of the basic functioning of financial products. Proper planning of income is crucial for leading a debt-free and financially healthy retirement. Financial product literacy consists of knowledge of financial worth, PPF, Equity shares, Preference shares, Recurring deposits, Bonds, Mutual Funds, SIP’s, Market regulator RBI and insurance coverage. Urban working women need to actively participate in financial planning and investing. This is possible if they possess the knowledge and tools of investing. The study aims to understand the present levels of financial literacy both basic and advanced possessed by urban women.