...FINAL ESSAY Financial inclusion is the availability of banking services at an affordable cost to disadvantaged and low-income groups. In India the basic concept of financial inclusion is having a saving or current account with any bank. In reality it includes loans, insurance services and much more. Financial inclusion mainly focuses on the poor who do not have formal financial institutional support and getting them out of the clutches of local money lenders. As a first step towards this, some of our banks have now come forward with general purpose credit cards and artisan credit cards which offer collateral-free small loans. The RBI has simplified the KYC (Know your customer) norms for opening a ‘No frill’ account. This will help the low income individual to open a ‘No Frill’ account without identity proof and address proof. The Indian Government has a long history of working to expand financial inclusion. Nationalization of the major private sector banks in 1969 was a big step. In 1975 GOI established RRBs with the same aim. It encouraged branch expansion of bank branches especially in rural areas. The RBI guidelines to banks shows that 40% of their net bank credit should be lent to the priority sector. This mainly consists of agriculture, small scale industries, retail trade etc. More than 80% of our population depends directly or indirectly on agriculture. So 18% of net bank credit should go to agriculture lending. Recent simplification of KYC norms are another milestone...
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...Promoting Financial Inclusion ‘LETS CONNECT EVERYONE’ A PRESENTATION BY: RPCD, RBI PATNA 1 Definitions Financial inclusion means extending basic banking services at affordable prices to the low income and disadvantaged groups. Purpose: to connect the excluded with the formal banking system in order to help them obtain an understanding of the financial services available and equipping them with the confidence to make informed financial decisions. Basic services include deposits / withdrawals, credit, remittance, investment, insurance etc. No frills account: An account with ‘zero’ or minimum balance with maximum balance of Rs 50,000/- at any given point in time and total credit in a year not exceeding Rs 1,00,000/-. Banks can restrict the nature of services offered, number of transactions permitted etc. 2 Some misconceptions Financial Inclusion (FI) is the latest ‘fad’ . FI is only social service; not a good business proposition. FI simply means opening as many bank accounts as possible. Everyone handles money. Therefore, everyone is financially literate. 3 Benefits of Greater FI For the common man – escape from the clutches of money lenders; sending / receiving remittances; no need to hold savings in cash etc. For the banks – achieving access to a large untapped pool of customers. For the Govt.- ensuring flow of aid / grants to the targeted beneficiary. For the RBI - spread of banking culture and extension of the reach of formal financial system. 4 ...
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...The University of Melbourne. Kearney, Judith. (2012). Unlucky in a lucky country: A commentary on policies and practices that restrict access to higher education in Australia. Journal of Social Inclusion, 3(1). QUESTION 1 5 Marks Describe the relationship between student work commitments and study. Refer to James et al. (2007), Table 3.8 for your answer. INSTRUCTIONS: Present your answer in the form of a data commentary in one or two well organised paragraphs. CRITERIA: You will be assessed on your ability to: * Set out a location statement * Highlight relevant information * Describe the features of the data * Use in-text citations to indicate the source, or sources, of your data. Question 2 5 Marks Write an essay plan for a 400 to 500 word essay written in response to the following question: Do you think that all Australian residents have equal access to a university education? Discuss using evidence from the 3 text extracts to support your response. CRITERIA: You will be assessed on your ability to: * Construct an outline of the structure of your essay * Provide a thesis statement * Provide topic sentences * Indicate the sources of evidence to be used Question 3 20 Marks Write a 400 to 500 word essay written in response to the following question: Do you think that all Australia residents have equal access to a university education? Discuss using evidence from the 3 text...
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...criminality. ,one prominent argument advocates that the cause of the unrest was the moral decay of ‘a feral underclass’ (Scrambler; Grover 2011) However, many of such explanations tend to be mostly speculative and they often fail to provide a consistent account of the causes of the riots based on solid evidence (the LSE/theguardian, 2011, Solomos, 2011). Against this background this essay attempts to disentangle the motives of the London 2011 riots, by focusing on the relations of causality between factors and events that led to the burst of the unrest. It argues that urban social inequalities as well as uneven processes of exclusion and inclusion of a marginalised class are the main factor underlying the disturbances. Yet this essay claims that these riots need also to be analysed in the very specific context in which they have arisen: the financial crisis, a society which is becoming increasingly consumerist in its orientation, the disputable role of the police, loss of faith in the political class and hopelessness towards the future amongst the urban youth. In the first part this essay analyses inequality indicators and trends embracing the multidimensional nature of social inequality (Bradley, 1996)....
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...INDUSTRIAL PLACEMENT HANDBOOK –PART 2 (PA003-5-3) CONTENTS Introduction 3 Internship Mechanism and Process Flow 7 Visiting Academic Supervisor/ Industrial Placement Handbook 12 Part 2-During Internship Appendix 1 – Logbook Template 18 Appendix 2– Logbook Cover Page 19 Post-Internship Appendix 3 – Content Guidelines for Industrial Placement Essay 20 Appendix 4 – Industrial Placement Report Cover Page 27 Appendix 5– Essay Clearance Form 28 Appendix 6 – Student Feedback Form 29 Assessment and Grading Appendix 7 – Industrial Placement Essay Assessment 31 Appendix 8 – Industrial Placement Visit Report Form 34 Appendix 9 – Industrial Placement Assessment Forms 36 Introduction 1. Industrial Experience Rationale The aim of the Industrial Experience programme is to enable students to gain industrial or professional learning experiences to develop transferable skills for employability and thereby to enhance their future value to employers. Familiarity with all common processes is essential and exposure at a practical level to a wide variety of processes is required at a level appropriate for young professional. Whilst it is clearly desirable for students to get a feel for the skills involved, the central aim is to achieve appreciation of business processes. Industrial training is a key component of learning...
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...Misreporting of financial results have occurred in companies from various countries, such as personal computer maker Dell intentionally revised its results from 2003 to 2006 and in the first quarter of 2007. In 2006, the Malaysian express freight and freighter charter company Transmile Group restated its 2005 profit of RM75 million to a loss of RM370 million as a result of fictitious sales. This essay will analyse the incentives of companies misreporting their financial results in relation to how they have breached the objective and guidelines of financial reporting. According to the International Accounting Standards Board (IASB), the objective of financial reporting is to provide financial information about the entity to existing and perspective investors, lenders and other creditors for them to make informed decisions which involve buying, selling or holding equity and debt instruments of the entity. And to evaluate and predict the “entity's ability to generate cash in the future; its future borrowing needs and how future profits and cash flows will be distributed; its likely success in raising further finance and meeting its financial commitments as they fall due” (Weygandt et al., 2013, p. 487). There are two fundamental characteristics of financial reporting: relevance and faithful representation. Financial information is considered relevant if it assists in predicting future events. Whether or not the information is relevant also depends on if it...
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...Essay No.1. Small economies in the increasing globalisation I have chosen Luxembourg as a country with a small economy and a member of BENELUX regional block. My essay consider issues of Luxembourg relations with countries from NAFTA trade block and how Luxembourg can take advantage of technological development in the contexts of market globalisation. Luxembourg’s economy is small, stable and high-income. Luxembourg’s economic success has made it one of the wealthiest countries in the world, with a per capita income that routinely ranks in the world’s top three. Canada is a member of NAFTA and it’s relations with Luxemourg are strong. Canada and Luxembourg have developed a partnership based on shared values and ongoing political dialogue on major international issues. Canada and Luxembourg have signed numerous bilateral agreements and treaties, including an Agreement regarding the Sharing of Forfeited Assets (2001), a Convention on Double Taxation and Tax Evasion (2000), an Audio-visual Co-production Agreement (1996) and a Convention on Social Security (1990). Canada and Luxembourg's long-standing friendship has also resulted in a strong economic and trade partnership. In 2011, Canada's exports to Luxembourg totalled CAD 89 million. During the same period, Canada's imports from Luxembourg reached CAD 115 million. Canada and Luxembourg also enjoy a thriving investment relationship built on natural synergies in our high-performing sectors. Luxembourg's cumulative direct...
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... Banking Awareness | 14 | Moderate to Difficult | Current Affairs | 16 | Easy to Moderate | Computer Awareness | 10 | Easy to Moderate | Marketing | 10 | Easy | D) DATA ANALYSIS & INTERPRETATION AREA | NUMBER OF QUESTION | DIFFICULTY LEVEL | Probability | 5 | Easy to Moderate | Line Graph | 5 | Moderate | Pie Charts | 10 | Moderate to Difficult | Bar Charts | 15 | Easy | Tables | 15 | Moderate to Difficult | DESCRIPTIVE SECTION SYLLABUS OF SBI PO – 50 Marks Letter Writing 1. Paragraph Writing 2. Essay Writing 3. Precise Writing 4. Reading Comprehension AREA | NUMBER OF QUESTION | TOPICS | Letter Writing | 10 | To a branch to close the saving account, To friend to attend a seminar on net banking, To a bank for higher education loan | Paragraph Writing | 8 | If I were an author, Rural Banking, Impact of autonomy provided to bank | Essay Writing | 12 | Right to education act, Financial Inclusion, How Technology can help banking sector | Precise Writing | 10 | Chief Vigilance...
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...Some of the most dangerous aspects associated with healthcare do not come from blood borne pathogens, chemical exposures or falls, but comes directly from people as evident in workplace violence(Fernandes, Bouthillette, Raboud, Bullock, Moore, Rae, Ouellet, Gillrie & Way, 1999). The effects of workplace violence is far-reaching and costly(Hoag-Apel, 1998). In fact according to the international council of nurses “ health care workers are more likely to be attacked at work than prison guards and police officers”(ICN, 2009). The aim of this essay is to critically appraise a systematic review of the literature based on workplace violence in the emergency department and to identify characteristics of interventional studies to guide best practice. This review will discuss current practices in reference to NSW health policy and guidelines, critique the systematic review by (Taylor & Rew, 2010) in terms of discussing methodology and provided a comprehensive overview of (Taylor & Rew, 2010) article(Hoag-Apel, 1998) (NSW Health, 2005). Finally, this review will attempt to recommend a change in practice in terms of the research question of what are the suggested interventions for workplace violence in the ED conducted by studies from 2004 ? Based on best evidence based practice and research(Hoag-Apel, 1998) . Although healthcare professionals and exclusively nurses are at higher risk of workplace violence, NSW legislation doesn’t reflect the increase risk associated or current international...
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...A critical examination of the economic governance mechanisms in the London region and its capacity to achieve sustainable economic development within a depressed global economy. This essay will attempt to examine and analyse the economic governance mechanism operating within the London Region and evaluate and explore the impact that a depressed global economy has had on the London regions capacity to (i) achieve sustainable economic development and (ii) achieve competitive economic development. This will be achieved by focusing on the impact of (i) global (ii) European and (iii) the London regions economic governance mechanisms and their impact on London’s capacity to achieve sustainable and competitive economic development. The economic governance mechanism used in London is complex and multi-faceted. Economic development of the London region is driven by many contributors mainly the thirty three boroughs which make up the geographical landscape, Greater London Authority, Background London is the capital city of the United Kingdom and is made up of thirty three boroughs. The spatial structure of London is the city of London which is a square mile in the centre of the area and Greater London are the surrounding areas. London is unique as it houses the main seat of government and is: the most populated urban region Six London boroughs: Hackney, Newham, Tower Hamlets, Islington, Waltham Forest and Barking and Dagenham are in the top ten most deprived Boroughs in...
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...Scientific essay International Financial Reporting Standard for Small and Medium Size Entities: IFRS FOR SMEs 1- Introduction Now days the word has become one global market where there is no border for business to operate. To help facilitate that globalization, businesses have to present their financial statement on the same basis as its foreign competitors, making comparisons easier. That why the use of the International Financial Reporting Standards (IFRS) which is a set of accounting standard is necessary and has for goal to provide a global framework for how public companies to prepare and disclose their financial statements is necessary to be implement. Furthermore, companies with subsidiaries in countries that require or permit IFRS may be able to use one accounting language company-wide. But because of their size and the context of the financial statement small and medium size entities SMEs cannot use the same IFRS as the public companies thought the also aspire to the globalization due to the cost of that full IFRS which may overcome their profit. The use of a special IFRS is welcome. To show that, we are going to talk about the appropriateness, necessity and experience of an IFRS for SMEs by in one hand describing the IFRS for SMEs in insisting on the description of the SMEs; and in another hand by stating the need for an IFRS for SMEs and emphasis in the South Africa context. The IFRS for SMEs will be introduce and in detail with more...
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...The inclusion of a brief summary (‘Executive Summary’) is standard reporting practice and is meant to act as a guide to the contents of the report and to highlight major conclusions and recommendations. The Executive Summary derives its name from the practice of providing the executives of an organisation, that is, those responsible for making decisions and taking appropriate action, with a concise outline of the major points in a report to save them time. The detail can be pursued in more depth later by a complete reading of the report. The structure of the Executive Summary should follow the structure of the report and include brief statements on the following: definition of the problem aims and objectives methods/data sources key findings conclusions any recommendations for action. The Executive Summary should be brief and succinct, and may use point form to achieve this. As a rule-of-thumb, allow one page for every 5,000 words up to a maximum of five pages, and using headings in longer Executive Summaries. The inclusion of an Executive Summary is not a substitute for discussion/exposition in the full report. Example of an Executive Summary Problem context & Purpose of report Method Results Conclusions Recommendations Limitations This report provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Outdoor Equipment Ltd. Methods of analysis include trend, horizontal and vertical...
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...------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10, 2013 ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10, 2013 The objective of the audit of financial statements is to enable the auditor to express an opinion if the financial statements are prepared in accordance with an identified financial reporting framework. The reason that materiality is allocated to those accounts sampled because materiality represents the magnitude of an omission or misstatement of an item in a financial report. The three function of the audit risk are inherent risk (IR), control risk (CR), and detection risk (DR). Every level of audit risk has an opposite connection that exists between assessed levels of controls, inherent risk, and level of detection risk Why do certain accounts have to be audited 100%? Accounts need to be audited 100% so the users of the financial statements can rely on the information and be able to make decisions for investment purposes. It also helps management make sure the company is profitable as well as following rules and regulations of the accounting standards and policies. Auditing accounts are done to protect the investors, shareholders, banks, and to give assurance that the information is true and correct...
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...Internship Project KPMG Strategic and commercial Intelligence Department Inverting the Pyramid: Inclusion in the Financial Services Industry Final Project Report 19/11/2010 Submitted By: Hufriya Kavarana PGP-09-031 S.P. Jain Institute of Management and Research, Mumbai Inverting the Pyramid: Inclusion in the Financial Services Industry 2 | P a g e Table of Contents Preface .............................................................................................................................................. 3 Acknowledgement ............................................................................................................................ 4 Executive summary.......................................................................................................................... 5 Overview .......................................................................................................................................... 7 Components of financial inclusion—what is being measured? ..................................................... 8 Introduction ...................................................................................................................................... 9 Indian Scenario ............................................................................................................................... 13 Magnitude and Spread of Financial Exclusion ............................................................................. 14 ...
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...Case Study 11: Should a Computer Grade Your Essays? The case study discusses the April 2013 launch of Harvard/MIT’s joint venture MOOC (massively open online course) essay scoring program, utilizing AI (artificial intelligence) technology to grade educational essays and short answers, with immediate feedback and ability to revise, resubmit, and improve grades. In 2012, a group of colleagues, Les Perleman, Mark Shermis, and Ben Hamner, introduced over 16,000, K7-12 standardized school tests to the AES (automated essay scoring software) to compare results of hand-scored essays; the results appeared to produce a more accurate grade, however, no official statistical studies were performed to accurately maintain the claim. Essay Raters (e-Rater), developed by the Educational Testing Service (ETS), allowed Perelman to access, and analyze the technology. ETS uses vocabulary and content to score criteria, such as essay length, conjunctive adverb usage, and large word usage, in combination with paper and word length, words per sentence, and word complexity. The downside is the programs’ inability to differentiate factual from nonfactual information, intent, or meaning. Some educators banned to form the group, Professionals Against Machine Scoring of Student Essays in High-Stakes Assessment; they are concerned educators will reduce writing standards to conform to software constraints. Laudon & Laudon further discuss the probability of lost jobs due to computers taking the...
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