scholarly journals A CONCEPTUAL STUDY ON INDIAN STOCK MARKET'S RESPONSE TO COVID-19 PANDEMIC- A COMPARATIVE STUDY WITH OTHER CRISES

2021 ◽  
pp. 60-62
Author(s):  
Sahana. S ◽  
Sukanya. R
Keyword(s):  
Comparative Study ◽  
Banking Sector ◽  
Stock Market Volatility ◽  
Economic Activities ◽  
Country Life ◽  
Expert’S Opinion ◽  
The Government ◽  
Conceptual Study ◽  
The Impact ◽  
Unemployment Problem

The 2020 pandemic has shattered all most all the activities around the world, resulting to a great depression in the economy. Pandemic has poisoned all economic activities. The pandemic has affected public health in the country. If we make a keen look, every 10 years, there is some crash or scam happening in the country. However, after every crash if we make an analysis, there is a new revolution in the economy. The Harshad Mehta's scam which is one of the major scams in Indian share market history brought remarkable changes in banking sector, the Covid-19 crises has made India to depend immensely on technology which would otherwise not be possible in a country like India. With the spread of Covid virus across the country, the Government, after seeing the medical expert's opinion, announced nationwide lockdown to prevent the spread of the virus across the country. Life of millions of people was shattered as they could not earn their livelihood. Many youth lost their jobs, there was unemployment problem gearing up across the country. Due to the lockdown, the financial markets also reacted to the pandemic and there was lot of volatility in the share market. The present paper aims to examine the impact of Covid-19 on stock market volatility in India. The paper also considers some of the crashes that have happened in the past and to make a comparative study of various crashes with that of the Covid19 crash.

scholarly journals Relationship between Profitability and Non-Performing Loan and A Comparative Financial Performance Analysis of Shari’ah Based Banks of Bangladesh

2019 ◽  
Vol 3 (2) ◽  
pp. 32-42
Author(s):  
S. M. Akber
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Influential Factor ◽  
Economic Activities ◽  
Nonperforming Loans ◽  
Basic Objective ◽  
Nerve System ◽  
The Impact ◽  
Unemployment Problem ◽  
Better Than

In Bangladesh's banking sector is considered as the nerve system of economic activities nowadays. Banks' performances are considered as the indicator of a country's economic forthcoming. Banks are considered as an influential factor in reducing poverty and unemployment problem because of their capacity to have a higher investment. But this promising sector is facing the challenge of raising the level of nonperforming loans in recent times. The basic objective of the study is to analyze and measure the impact of NPLs on the profitability of shari'a based banks of Bangladesh for the period of the last five (2014-2018) years. For this, it has worked with a sample of five selected Islami banks. Through excel, regression and ratio analysis was used to find the bank's comparative financial performance and identify the variable that affects the profitability of shari’ah based banks of Bangladesh.  The findings of this paper recommend that if the authority of the banks becomes more careful about these issues then the performance of the banking sector will be better than previous and it could have an even more significant contribution to the country's economy.

“Air pollution arrested not imprisoned”: The impact of laws invoked on Covid-19 city lockdowns

2021 ◽  
Vol 2 (4) ◽  
Author(s):  
Emmanuel Mensah Aboagye ◽  
◽  
Nana Osei Owusu ◽  
Keyword(s):  
Air Pollution ◽  
Environmental Problem ◽  
World Health Organisation ◽  
Developed Countries ◽  
World Health ◽  
Economic Activities ◽  
Global Pandemic ◽  
Depth Study ◽  
The Government ◽  
The Impact

Air pollution continues to be an environmental problem that poses a lot of health risks to the young and aged. Developed countries have invested heavily to curb this environmental problem, causing severe threats to human lives, yet the results do not look convincing. In developing countries, the situation is difficult than they can imagine, resulting in governments borrowing to fight what looks like a lost battle [1-3]. The in-depth study of this environmental menace - air pollution, suggests that the government enacts stringent measures to help fight this battle. This is because air pollution has natural (volcanic eruption) and anthropogenic (human activities) causes. In December 2019, the deadly Coronavirus (Covid-19) outbreak was soon declared as a global pandemic by the World Health Organisation (WHO) [4]. Majority of countries have had their share of the impact of this outbreak. Many countries resorted to city lockdown to strictly control the movement of people and economic activities as recommended by WHO.

scholarly journals Contingency Plan: Comparison of Health Policies in Managing COVID-19 in Singapore and Indonesia

2021 ◽  
Vol 4 (1) ◽  
pp. 28-34
Author(s):  
Khalish Arsy Al Khairy Siregar ◽  
Deasy Nur Chairin Hanifa
Keyword(s):  
Health Policy ◽  
Mortality Rate ◽  
Good Health ◽  
Disaster Mitigation ◽  
Health Policies ◽  
Economic Activities ◽  
The Past ◽  
System 2 ◽  
The Government ◽  
The Impact

 Introduction: Singapore is one of the countries with the lowest mortality rate and the best handling of COVID-19. Singapore can be an example for Indonesia on COVID 19 pandemic handling.Methods: The method used is a literature review from google platform with these keywords: “Singapore Health Policy in COVID-19, Indonesian Health Policy in COVID-19, Singapore's success in suppressing COVID-19”. The analysis was done by comparing the policies taken from the two countries in dealing with COVID-19.Results: Singapore and Indonesia did indeed have very big differences in terms of government and in broad areas, it cannot be denied that Indonesia can have the same opportunity as Singapore in providing a good health disaster mitigation system for the community. Three factors influence Singapore's success in dealing with COVID-19: 1) having a responsive and efficient health disaster mitigation system, 2) government legitimacy which is determined by the capacity of the state. Singapore has a semi-centralized government with high legitimacy the experience of dealing with pandemics in the past, 3) Singapore's experience with SARS in the past makes Singaporeans understand very well the impact of the pandemic on their economic activities and social life.Conclusion: Several things can be emulated from Singapore in handling COVID-19 was the transparency, strong communication between community and the government, prioritizing the benefit and safety of civil society and building obedience and awareness of Covid 19 prevention.

scholarly journals Impact of Implementation of Goods and Service Tax on Indian Banking Sector

2018 ◽  
pp. 18-32
Author(s):  
Revathi R. ◽  
Madhushree ◽  
P. S. Aithal
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Value Added ◽  
Tax System ◽  
Tax Rate ◽  
Bank Branches ◽  
Goods And Services ◽  
The Government ◽  
One Year ◽  
The Impact

The banking sector is one of the biggest and revenue generating sector in our economy. Indiais a country with impressively splendid banks with sufficient capital and well-regulated rulesand regulations. One of the biggest transformations that the sector faced during this period isGST i.e., Goods and Service Tax, a new tax regime introduced in the midnight of 1 July2017. Now the new tax regime has become one year old and there are so many changeswhich happened in the banking sector during this one-year periods. Introduction of GST tothe banking sector was one the highly risky and challenging role for the government. GST isa replacement to the Value Added Tax (VAT) which was implied on goods and services. Themain purpose of studying the impact of implementation of GST is to avoid double taxationon goods and services. It is a self-regulated tax system with a simplifies tax regime whichreduces the multiplicity of tax. The purpose of this study is to know the challenges faced bythe Banking sector and its effects on the customers after the implementation of the GST.New tax regime made an incredible step by the abolish of centralized registration of thebanks. Now all the bank branches have to register under GST in each state for the smoothfunctioning. The tax rate has created an impression in the banking sector that the sector iscontributing much toward the economic growth of the country. Tax slabs is anotherimportant and critical thing discussed in this paper which has substantially increasedcompared to the old tax regime. Data for the study have been collected from secondary datasources such as journals, internet, and news articles. Using the ABCD qualitative analysistechnique, advantages, benefits, constraints, and disadvantages for both banks and thecustomers for payment of GST are identified.

scholarly journals PLASTIC CARDS AS THE MAIN SECTOR OF CASHLESS PAYMENTS

2018 ◽  
pp. 76-79 ◽  
Author(s):  
S. O. Kushu ◽  
Y. A. Sobka
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Economic Activities ◽  
Tax Base ◽  
Financial Condition ◽  
Motivational Aspect ◽  
Calculation Methodology ◽  
Single Strategy ◽  
High Degree ◽  
The Impact

The article discusses the impact of plastic cards on minimizing the risks of the organization. Non-cash payments - is an integral part of the management of financial and economic activities of the banking sector within the framework of a single strategy of economic development, which is a process of systematic use of the optimal legal methods and methods to establish the desired future financial condition of the object in terms of limited resources and the possibility of their alternative use. The process of using plastic cards should be considered in a number of ways. The organizational aspect assesses the degree of formalization and regulation of the use of cashless payments. It is clear that the higher the degree of regulation of procedures, the higher the predictability and manageability of the process of cashless payments. Coordination is the degree of coordination among the participants. It is the result of a high degree of regulation of the process or effective operational work of the Department of non-cash payments. The methodology reflects the compliance of plastic cards calculation methodology adopted by the company, its production characteristics and financial and economic structure. The value of the motivational aspect of non-cash payments is that it makes it possible to stimulate the results of the work of the head, or the entire Department of non-cash payments. Stimulation is made by means of inclusion in the budget of division of the bonus Fund which can be used for payment of awards to employees of division and its head. The need to calculate Bank cards is inherent in the legislation itself, which provides for certain regimes for different situations, allows different methods for calculating the tax base and offers various benefits if they act in the desired directions to the authorities. In addition, the process of calculating plastic cards is due to the interest of the state in providing a number of advantages in order to stimulate any sphere of production, category, regulation of socio-economic development.

scholarly journals Determinants of Credit Risk in the Banking Sector of Ghana: A Panel Co-integration Approach

2020 ◽  
Vol 5 (4) ◽  
Author(s):  
Thomas Appiah ◽  
Frank Bisiw
Keyword(s):  
Credit Risk ◽  
Least Squares ◽  
Banking Sector ◽  
Ordinary Least Squares ◽  
Capital Adequacy ◽  
High Rate ◽  
Long Run ◽  
Integration Techniques ◽  
The Government ◽  
The Impact

The economic development of any nation hinges on the health of its financial system. In recent years, the health of the Ghanaian Banking sector has been affected severely as a result of high levels of non-performing loans (NPLs), which has been identified as a major threat to the overall profitability and survival of banks. To minimize the impact of NPLs on the financial sector, key stakeholders such as the government, bank officials and regulators are working hard in that regard. However, any policy response aimed at dealing with the high rate of non-performing loans first requires the understanding of the underlying determinants of NPLs. Against this backdrop, this paper apply panel co-integration techniques to investigate the determinants of credit risk (NPLs) in the banking sector of Ghana.  We use NPL as a proxy to measure credit risk and assess how it is influenced by macroeconomic and bank-specific factors. A balanced panel data of 16 universal banks in Ghana from 2010 to 2016 has been analyzed using Panel co-integration techniques such as Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS). Our result shows that growth in the economy, measured by Gross Domestic Product (GDP) has significant influence on the NPLs of banks in the long-run. The results further revealed that capital adequacy, profitability and liquidity of banks are significant predictors of NPLs. However, our results suggest that bank size, inflation and interest rate have statistically insignificant influence on the NPLs of Ghanaian banks. The study recommend, among others, that whereas it is important for government and policymakers to work to improve macroeconomic outcomes, banks should also improve their capital adequacy, profitability, and efficiency position as these bank-specific interventions could significantly improve credit quality and minimize NPLs.

Extending social protection to persons with disabilities: Exploring the accessibility and the impact of the Disability Fund on the lives of persons with disabilities in Ghana

2018 ◽  
Vol 19 (3) ◽  
pp. 225-245 ◽  
Author(s):  
Maxwell Peprah Opoku ◽  
William Nketsia ◽  
Elvis Agyei-Okyere ◽  
Wisdom Kwadwo Mprah
Keyword(s):  
Low Income ◽  
Social Protection ◽  
Structured Interview ◽  
Low Income Countries ◽  
Economic Activities ◽  
Persons With Disabilities ◽  
The Sustainable Development ◽  
The Government ◽  
Political Units ◽  
The Impact

In many low-income countries, persons with disabilities are consistently denied access to essential services, contributing to a high incidence of poverty among them. The Goal 1 of the Sustainable Development Goals (SDGs) exhorts countries to develop appropriate social protection to serve as a springboard to alleviate poverty among all persons. The government of Ghana has introduced Disability Fund to provide one-off financial support to persons with disabilities through its decentralised political units. This is to enable persons with disability to participate in socio-economic activities. However, after a decade of the establishment of the fund, anecdotal evidence still shows that many persons with disabilities continue to live in deplorable conditions. Therefore, the main aim of this qualitative study was to explore the beneficial impact of the fund on the lives of persons with disabilities in Ghana. A semi-structured interview guide was used to collect data from 48 participants, comprising 20 males and 28 females with disabilities. The narratives from the participants revealed that only a few were able to access the fund. In their quest to access the fund, participants encountered barriers, such as lack of information, delays in disbursement and insufficient funds. The findings underscore the need for re-evaluation of the administration of Disability Fund and its disbursement processes. The implications of the findings for policy reform are extensively discussed.

scholarly journals Review of Economic Stimulus Packages to Fight the Covid-19 Pandemic: Evidence from Malaysia

2021 ◽  
Vol 2 (5) ◽  
pp. 124-134
Author(s):  
Waqas Mehmood ◽  
Rasidah Mohd-Rashid ◽  
Attia Aman Ullah ◽  
Owais Shafique
Keyword(s):  
Public Health ◽  
Economic Recession ◽  
Mass Scale ◽  
Tourism Industry ◽  
Economic Recovery ◽  
Economic Activities ◽  
Economic Stimulus ◽  
The Government ◽  
The Impact ◽  
Malaysian Government

The purpose of this study is to describe the COVID-19 situation in Malaysia and the way the government of Malaysia manages the impact of this pandemic through economic recovery packages such as economic stimulus packages. This study focuses on the effects of the economic stimulus packages released by the government of Malaysia as a response to the economic recession triggered by COVID-19. Malaysia is one of the favourite tourist destinations, and the tourism industry generates about 5.9% of the country’s GDP. However, the lockdown imposed by the Malaysian government to combat the COVID-19 pandemic has severely affected almost every sector of the economy. The Malaysian government has taken several steps to control the spread of the pandemic, such as declaring hotspots of COVID-19, imposing lockdowns, and creating mass scale awareness through social media and TV channels. The government has also deployed several economic strategies such as economic stimulus packages to help industries and the people. This study concludes that the mitigation techniques, i.e., economic stimulus packages adopted are working properly; however, some improvements are required as these techniques are inadequate to manage the transmission capability and virulence of COVID-19. Thus, more attention is required for the revival of economic activities. This study helps to obtain an insight into the effects of economic packages and how effective these packages have been in managing the spread of the COVID-19 virus and mitigating the economic recession. It also provides an understanding of how these packages will help flatten the pandemic curve in the future. This study provides information on the current COVID-19 situation in Malaysia. It also offers information on the policies and methods used by the government to solve economic and public health issues. Further, this study lays out guidelines for policymakers and government officials for the development of more effective strategies for economic recovery and public health initiatives.

scholarly journals Malaysia-Indonesia Cross-Border Governance: Is There a Trade-off between Security and Economic Development?

2019 ◽  
Author(s):  
Abdul Rahim Anuar ◽  
Azhar Harun
Keyword(s):  
Security Policy ◽  
East Coast ◽  
Negative Impact ◽  
Hot Spot ◽  
Northern Region ◽  
Security Threat ◽  
Economic Activities ◽  
Depth Interview ◽  
The Government ◽  
The Impact

The National Security Council of Malaysia has declared the east coast of Sabah as the Eastern Sabah Security Zone (ESSZONE) to inhibit security threats and enhance security in the east coast of Sabah. This study employed an in-depth interview with the stakeholders involved in security governance and development in the study area. The selection of stakeholders was based on expert sampling. Secondary data relating to maritime economic activities were also used to reinforce the findings of the in-depth interview. The study areas were Tawau (Sabah) and Sebatik Island. Sebatik Island is divided into two regions; the northern region is owned by Malaysia and the south is owned by Indonesia. This paper examined the impact of ESSZONE’s security policy toward economic activities in Tawau and Sebatik Island. The security policy implemented by the Eastern Sabah Security Command (ESSCOM) in Sabah’s east coast has a negative impact on maritime economic activities in Tawau and Pulau Sebatik. Therefore, the government must re-evaluate the security measures in Tawau and Pulau Sebatik waters, and the curfew regulations in particular, because the security threat is lower and more manageable than in Sandakan, Tawau, Kunak, Lahad Datu, Semporna, and Kinabatangan, which form the hot spot area. Furthermore, the government should consider appropriate measures to balance the objectives of security and economic interests, depending on the level of security threat zones.  

scholarly journals FINANCIAL STABILITY AND INCOME GROWTH IN EMERGING MARKETS

2020 ◽  
Vol 23 (2) ◽  
pp. 201-220
Author(s):  
Bashir T. Mande ◽  
Afees Salisu ◽  
Adeola N. Jimoh ◽  
Fola Dosumu ◽  
Girei H. Adamu
Keyword(s):  
Stock Market ◽  
Emerging Markets ◽  
Financial Stability ◽  
Banking Sector ◽  
Financial System ◽  
Market Volatility ◽  
Income Growth ◽  
Stock Market Volatility ◽  
The Individual ◽  
The Impact

In this paper, we examine the extent to which financial stability matters for income growth in emerging markets. Using dynamic panel estimation techniques, we explore both the stock market and banking sector dimensions of the financial system to show that both stock market volatility and non-performing loans are detrimental to income growth in these markets. We, however, find the magnitude of the impact to be relatively more pronounced when the underlying source of instability in the financial system is stock market volatility. Overall, we find the impact of financial stability on income growth to be more statistically relevant when measured using the individual indicators of financial instability as compared to their composite indicator.

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