...THE IMPLICATIONS OF CENTRAL BANK OF NIGERIA (CBN) CASH-LITE POLICY ON FINANCIAL/CORPORATE MANAGEMENT Introduction Owing to the huge cost of cash handling by Deposit Money Banks (DMBs) in the country, the Central Bank of Nigeria introduced Cash-lite policy to drive people towards alternative e-Channels to reduce the handling cost. The policy was introduced last year. It has officially taken off in Lagos with effect from 1st March, 2012 to commence in other states by 1st June, 2012. The Cash-lite policy is aimed at reducing the volume of cash transactions in the Economy through Point of Sales terminals (PoS), web payment, mobile money and Near Field Communications (NFC) transactions. This enables the payment for goods and services via Point of Sales (PoS) without handling cash. The policy stipulates a cumulative daily limit of N150,000 for individual accounts and N1,000,000 for corporate accounts for withdrawal and deposit into a bank account. On exceeding this limit a cash handling cost of N100 for every N1000 (i.e. 10% of the excess amount) is charged. For instance: If you withdraws/deposits N1,000,000 in a day, the initial N150,000 will be processed free but you will be charge 10% handling cost for the excess N850,000, this means you will be paying N85,000 as charges. So, under the cashless policy you will be debited for N1, 085,000 if you withdraw N1, 000,000 and credited for N915, 000 if you deposit N1, 000,000. With the policy, a private/individual account can only...
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..."Let us hear the conclusion of the whole matter: Fear God, and keep his commandments: for this is the whole duty of man. For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil." Eccl 12:13-14 (KJV) FEW WAYS TO LOVE YOUR HUSBAND 1. Discover his favorite pet name and call him by that. 2. Allow him exercise his authority as the head of the family. 3. DO not challenge him when he is hurt. 4. Be silent when he is angry. You can go back to him in his sober moment with apology n explain why you behave that way that annoyed him. 5. Be quick to say " I am sorry dear". When ever you offend him pettingly, insist on his forgiveness, appreciate and kiss him when he does. 6. Speak good of him before his Friends and siblings. 7. Honor his mother 8. Insist that he buys gift for his parents and so be sure that he will do same for your parents 9. Surprise him with his favorite dish especially when he has no enough money at hand and never delay his food. 10. Do not allow the maid to serve him food when you are at home. Because u may lose him to them. 11. Give him a warm reception with an embrace when he returns, collect his luggage and help undress him. 12. Smile when you look at him and give him occasional pecks when you are out socially. 13. Praise him before your children sometimes. 14. Wash his back while he is in the tub or shower. 15. Put love note in his lunch box or briefcase. 16. Phone and tell him that you...
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...health financing options to manage problems arising out of growing set of complexities of private sector growth, increasing cost of care and changing epidemiological pattern of diseases. The new economic policy and liberalization process followed by the Government of India since 1991 paved the way for privatization of insurance sector in the country. Health insurance, which remained highly underdeveloped and a less significant segment of the product portfolios of the nationalized insurance companies in India, is now poised for a fundamental change in its approach and management. The Insurance Regulatory and Development Authority (IRDA) Bill, recently passed in the Indian Parliament, is important beginning of changes having significant implications for the health sector. The privatization of insurance and constitution IRDA envisage to improve the...
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...Health Insurance- Blessing for people with busy life The word insurance truly mentions security. Security against life, health, family,vehicle,homes, shops,etc. In earlier years, there was no need to this kind of thing for the protection. I am talking about days of our grandfathers or may be even before that. The life was so great and slow, nothing to worry about any future, would involve in their daily occupational jobs like farming and living life in their own way. But it is said that nothing is permanent. The time has change now. Today we live in a much advance world. The change is faster than time. The daily routine got so much fix that we cant even take out some time to enjoy. People work in office as well as in home too. Social life is like getting extinct from their life. No time to eat even hygienic food on time. Just grabs some cafeteria served items and forget about its effects. As “no time” kind of thing ruling our life. We almost neglect our health and when any weird kind of stuff happens! Doctor is the second word that comes in our mind. First is the expense if the condition got severe. We can’t change this situation, neither can we escape from it. We have to work, look at our family and their future, about your dreams, and so to earn this, we have to get a job that offers salary far from your expectation but if salary is well then the work load will also be high. In fulfilling your daily task, you forget about your health! So it’s better to have an insurance...
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...epidemiological pattern of diseases. The new economic policy and liberalization process followed by the Government of India since 1991 paved the way for privatization of insurance sector in the country. Health insurance, which remained highly underdeveloped and a less significant segment of the product portfolios of the nationalized insurance companies in India, is now poised for a fundamental change in its approach and management. The Insurance Regulatory and Development Authority (IRDA) Bill, recently passed in the Indian Parliament, is important beginning of changes having significant implications for the health sector. The privatization of insurance and constitution IRDA envisage to improve the performance of the state insurance sector in the country by increasing benefits from competition in terms of lowered costs and increased level of consumer satisfaction. However, the implications of the entry of private insurance companies in health sector are not very clear....
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...of money. • Students should be familiar with the concept of money illusion. • Students should be able to identify the different monetary aggregates, especially M1 and M2, and they should know the approximate current values for M1, M2, V1, and V2. • Students should be able to identify some of the possible explanations for the increased instability of money demand the income velocity of money. • Students should be able to distinguish between the three different motives for holding money balances (transaction, precaution, and speculation). • Students should understand why the demand for money decreases with an increase in the interest rate and increases with an increase in income. • Students should know the implications of the square-root formula that is derived from the Baumol-Tobin transactions demand model. • Students should be aware that holding money has an opportunity cost. • Students should know that portfolio diversification involves a tradeoff between risk and expected return and that money is held because it is the asset with the lowest risk. Accomplishing the Objectives It is impossible to imagine a modern economy functioning without the use of money as a means of payments. Money is defined as anything that is generally...
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...INDEX Sl. No. 1. 2. Executive Summary Chapter 1 – Introduction Chapter 2 - Financing Healthcare for the Aged The aged in India—National Policy for the aged--Policy framework for reforms in Health in India— Health of the ageing population in India—Provision of healthcare: Access and Service quality— Financing of Health in India: Public and Private expenditure — Need for financial protection. Chapter 3 – Health Insurance in India Development of Insurance in India—Evolution of Health Insurance in India— Current Perspective. Chapter 4 – Need For Reforms In Health Insurance Existing Regulatory provisions- Need for Reforms from the Senior Citizens’ perspective Chapter 5 - Access To Health Insurance For Senior Citizens Products currently available for Senior Citizens—Underwriting practices of insurers—Affordability and accessibility Chapter 6- Product Design Proper product design—Design mechanisms: Insured persons; Providers; Insurers --- Basic, Standard, Enhanced products—Policy clauses—Health Insurance data—The ‘age’ factor— Overseas Travel Insurance— Government Subsidized and Low Cost Health Insurance Plans for Senior Citizens---Recommendations. Chapter 7– Risk Based Underwriting And Pricing Pricing adequacy and equity—Pricing of the mandatory cover for Senior Citizens—Underwriting based on health status-Affordability -Recommendations. Chapter 8 - Expanding The Coverage Of Health Insurance Socio-economic scenario in India—Penetration of Health Insurance in India—Health insurance...
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...CONTENT PAGE 1. INTRODUCTION..................................................................................................3 1. Information System: An Overview............................................................3-4 2. Brief history of Coca-Cola.........................................................................4-5 2. Analysis of Internal and External Forces............................................................5 1. The Coca-Cola SWOT Analysis...................................................................5-7 1. Internal Forces.......................................................................................8-9 2. External Forces.....................................................................................9-10 3. Information System Incorporated.....................................................................11 1. Value of Information System......................................................................12 1. Value Chain Analysis...........................................................................12-13 2. Competitive Advantage..............................................................................14 4. CONCLUSION....................................................................................................15 5. REFERENCES..............................................................
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...2 Tim. 3:1 describes these days as “perilous times”, and for good reason, as you will see in the following article. Many people erroneously think that no signs have to happen before the Rapture occurs. This is a myth that unfortunately, exists in many Christian circles and is taught in Seminary, but nothing could be further from the truth. Therefore, it is believed that, because the Apostle Paul and others from the New Testament/ First Century believed the Rapture was imminent and would happen in their lifetime, that our position as Evangelical Christians now should be that there are no signs to watch for in the End Times and therefore the Rapture could happen now or a thousand years from now. I believe this is an incorrect belief, because the signs we are to watch for (Mark 13:32-37) are prophecies still being fulfilled. Obviously, they were not all fulfilled in the First Century. A good twenty-five percent of the Bible is prophecy, and much of it concerns the end times. So it would make complete sense when Jesus commanded us to watch for Him, to be alert for His Trumpet Call as our Blessed Hope and not be discouraged because of the times we are living in. Jesus said to the Pharisees, "[Ye] hypocrites, ye can discern the face of the sky and of the earth; but how is it that ye do not discern this time?" (Luke 12:56) Meaning that the Pharisees should have been discerning about the times they were living in and watching those signs. And notice He called...
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...MARKETING RESEARCH PROJECT [UAMM0091] By: UAMMOO91 (Samuel Poku-Bonsu) Course title: MARKETING Institution: University of Applied Management Lecturer: MR. SHANI BASHIRU Date of submission: 10TH JANUARY 2012 1|Page Table of Contents SECTION A ........................................................................................................................ 4 COMPANY INTRODUCTION ......................................................................................... 4 VODAFONE GHANA LTD .......................................................................................... 4 MICRO-ENVIRONMENT AUDIT ................................................................................... 5 MARKETING MIX ........................................................................................................ 5 PRODUCT .................................................................................................................. 5 PRICE ......................................................................................................................... 6 PLACE ........................................................................................................................ 9 PROMOTION ............................................................................................................. 9 PROCESS ................................................................................................................. 10 PEOPLE ..............................
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...AN ASSESSMENT OF THE BANKING HABITS OF NIGERIAN RURAL POPULACE: A CASE STUDY OF KUDAN LOCAL GOVERNMENT AREA OF KADUNA STATE. By MALACHY, GIMBA SOLOMON (U08BA1132) A Project Submitted to the Department of Business Administration, Faculty of Administration, Ahmadu Bello University, Zaria, in Partial Fulfilment of the Requirement for the Award of Bachelor of Science (B.Sc.) Degree in Business Administration (Banking and Finance). September, 2012. DECLARATION I earnestly declare that this study has been carried out by me, that it is a record of my own research and other review of related literature. It has not been presented in any previous application for any degree. The various sources of information are duly acknowledged in the references. __________________________ _______________ MALACHY, GIMBA SOLOMON DATE CERTIFICATION This project entitled “An Assessment of the Banking Habits of Nigerian rural Populace: a case study of Kudan Local Government Area of Kaduna State”, written by Malachy, Gimba Solomon, has been read and approved by the relevant authorities as meeting the regulations governing the award of Bachelor of Science degree in Business Administration, Ahmadu Bello University, Zaria and for its contribution to knowledge and literary presentation. ___________________________ _______________ Mallam Dalhatu Bashir Iman Date (Project Supervisor) ___________________________ _______________ Mallam Aminu Gumi Date (Project...
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...significant development in the last two decades. Several hundred million people are benefiting from the country’s progress. Concurrently, India’s population too has risen to more than 1.2 billion, placing an increasing burden on existing resources. Access to basic services like education, health, financial services, banking etc. are often beyond the means of the common person. Airtel’s sustainability journey endeavours to contribute further to our society and to our environment. It is our firm belief that not a single man, woman or child should be denied access to education, health and prosperity. We believe in social inclusion of people everywhere, and have made this the cornerstone of our sustainability programme. We leverage our network presence, reach and accessibility, through mobile telephony, direct-to-home television and broadband services, to contribute towards a sustainable future, not just for people everywhere but also for our planet and economy. We are confident that we can be a force of good, positive change, in society and also augment the efforts of the government, public-private groups, Bharti Foundation and NGOs in the area of sustainability. In 2011, we made a commitment to widen our sustainability journey. It will be our sincere endeavour to make rapid progress in the years to come. contents Overview Embedding Sustainability Our Blueprint for Social Inclusion Our Impact on the Value Chain Global Initiatives Independent Assurance Statement and GRI Index ...
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...Contents: • Chapter 1 An Overview of Management– Pg 1 - 20 PART 1 An overview of management CHAPTER 1 CHAPTER 2 CHAPTER 3 Introduction to organizations and management Managerial competencies The development of management thought CHAPTER 1 Introduction to organizations and the nature of management learning outcomes After studying this chapter you should be able to: 1 Understand what an organization is and why business organizations exist. 2 Define what a manager is and what the management process involves. 3 Explain. 4 Understand the differences between the various levels of management. 5 Understand the three main managerial skills and at what managerial level they are dominant. outline A South African insight: Capitec Bank: Meeting the needs of customers by making banking affordable and accessible. Managers and management l Human needs and wants l What is an organization? l Organizations as systems What managers do l General managerial tasks l Productivity and organizational performance l What is a manager? l What is management? l Scope of management What managers do l Managerial functions Managerial roles Levels of management l First-line managers l Middle managers l Top managers Managerial skills Technical skills Human skills Conceptual skills key terms and concepts Chapter summary Questions for discussion and exercises for competency development 4 Management 3 e A South African insight: Capitec Bank: Meeting the needs of...
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...Volume - I No.2 August 2013 Challenging to Change - Sustainability Issues In India!! Social Networking Sites and Social Science Special Interview with Prof. Daniel Miller Macroeconomic Effect in Brazil due to upcoming FIFA World Cup and Olympics Street protests: an EPS perspective Too Many Too Little Debtanu Dutta Surbhi Verma EPS Co-ordinators (Batch 2012-14) eps@iimk.ac.in Manjunatha Belgere Ajinkya Lokare Faculty Advisory Board Prof. Kausik Gangopadhyay Prof. Subhasis Dey Prof. A. F. Mathew Prof. Sthanu Nair Prof. Venkat Raman Prof. Rudra Sensarma Editorial Board Biswa Prateem Das Debtanu Dutta Manjunatha Belgere Presented by Economics Politics & Social Sciences Interest Group Indian Institute of Management Kozhikode Editorial After an inspiring success of the inaugural edition, we are very happy to present you the second volume of “Pragati”, magazine from Economics, Politics and Social sciences (EPS) Interest Group of IIM Kozhikode. This time it is much inclusive and much bigger. We received articles from students of the esteemed colleges of India and published the best among them. This is a result of tireless effort and dedication from the student members of the group and endless inspiration and help from the faculty members of our “Faculty Advisory Board”. EPS Interest Group is a cohort of enthusiasts on economic, political and social issues. Main aim of this group is to create awareness about recent related issues and sensitize...
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...EFInA: EVALUATION OF AGENT BANKING MODELS IN DIFFERENT COUNTRIES Oxford Policy Management Ltd October 2011 Evaluation of Agent Banking Models in different countries ii Oxford Policy Management Evaluation of Agent Banking Models in different countries Table of contents Table of contents Abbreviations Executive summary Agent banking regulation and impact Permissible agent activities Volume and value of different types of activities Introduction 1 1.1 Analysis of agent banking regulations Colombia 1.1.1 Background & implementation of regulations 1.1.2 Definition of agent, approval by the regulator & types of entities that can be agents 1.1.3 Rules governing exclusivity/non-exclusivity of agents 1.1.4 Permissible activities 1.1.5 Roles and responsibilities & minimum standards 1.1.6 Typical remuneration structure Brazil 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 1.2.6 Peru 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 1.3.6 Kenya 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 1.4.6 India 1.5.1 i iv vi viii x xi 1 3 3 3 4 4 4 5 6 1.2 6 Background & implementation of regulations 6 Definition of agent, approval by the regulator & types of entities that can be agents 7 Rules governing exclusivity/non-exclusivity of agents 7 Permissible activities 8 Roles and responsibilities & minimum standards 8 Typical remuneration structure 9 9 Background & implementation of regulations 9 Definition of agent, approval by the regulator & types of entities that can be agents10 Rules governing exclusivity/non-exclusivity of agents 10 Permissible...
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