...Article on Indian Banking Sector: “The challenges that the banking sector in India faces” It is by now well recognized that India is one of the fastest growing economies in the world. Evidence from across the world suggests that a sound and evolved banking system is required for sustained economic development. India has a better banking system in place vis a vis other developing countries, but there are several issues that need to be ironed out. In this article, we try and look into the challenges that the banking sector in India faces. Interest Rate Risk: Interest rate risk can be defined as exposure of bank’s net interest income to adverse movements in interest rates. A bank’s balance sheet consists mainly of rupee assets and liabilities. Any movement in domestic interest rate is the main source of interest rate risk. Over the last few years the treasury departments of banks have been responsible for a substantial part of profits made by banks. Between July 1997 and Oct 2003, as interest rates fell, the yield on 10-year government bonds (a barometer for domestic interest rates) fell, from 13 per cent to 4.9 per cent. With yields falling the banks made huge profits on their bond portfolios. Now as yields go up (with the rise in inflation, bond yields go up and bond prices fall as the debt market starts factoring a possible interest rate hike), the banks will have to set aside funds to mark to market their investment. This will make it difficult to show huge profits from treasury...
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...downloaded 4078 times since 2005. * Users who downloaded this Article also downloaded: * Tom Baum, Vanessa Amoah, Sheryl Spivack, (1997),"Policy dimensions of human resource management in the tourism and hospitality industries", International Journal of Contemporary Hospitality Management, Vol. 9 Iss: 5 pp. 221 - 229 http://dx.doi.org/10.1108/09596119710172615 Philip Worsfold, (1999),"HRM, performance, commitment and service quality in the hotel industry", International Journal of Contemporary Hospitality Management, Vol. 11 Iss: 7 pp. 340 - 348 http://dx.doi.org/10.1108/09596119910293240 Peter Haynes, Glenda Fryer, (2000),"Human resources, service quality and performance: a case study", International Journal of Contemporary Hospitality Management, Vol. 12 Iss: 4 pp. 240 - 248 http://dx.doi.org/10.1108/09596110010330813 Access to this document was granted through an Emerald subscription provided by Edinburgh Napier University For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which publication to write for and submission...
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...Contenporary Contemporary Hospitality Industry Understand the current structure of hospitality industry. Analyse current scale, scope and diversity of hospitality industry. The hospitality industry employs seven percent of the working population. In terms of gross value added (GVA) the sector contributed £40.6bn to the UK economy in 2011 or 4.2 percent of the country’s total GVA. In 2012 there were 181,500 individual business sites operating across UK. Hospitality and tourism is one of the UK’s most diverse sectors all connected to service sector. Besides different size of operations and customers, there are different sub-sectors of the industry: * Pubs, bars and night clubs * Hotels, Hostels and B&B * Restaurants, Bistros, Cafes and Coffee shops * Casinos and Gambling * Take-Always and Mobile catering * Travel services * Tourist Services * Membership clubs * Contract catering * Hospitality services * Events * Visitor attractions According to State of the Nation Report 2013, in 2012 most of the hospitality businesses were private companies (59 %). Following 20 % were sole traders and remaining were mostly partnerships (15 %). Restaurants, hotels, pubs, bars and nightclubs represent the greatest number of businesses and equal 70% GVA. When measured by the number of employees, industry is predominately made up of small businesses; almost half employ less than five people and only one percent of businesses employ 100...
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...ICT in Microfinance: A Bangladesh Perspective Md. Badruddozza Mia, Coordinator of Computer in Development Programme, PROSHIKA The movement for harnessing the potential of Information and Communication Technology (ICT) for the development of the poor is gaining momentum around the world. Microfinance has already played a remarkable role in poverty reduction endeavours in the less developed countries. Better financial services for the poor through the appropriate use of ICTs could help the microfinance providers do even better. Bangladesh has a long track record of developing models and implementing microfinance programs. This paper explores the extent that ICT has been used in microfinance programs in Bangladesh. It looks into the use of ICT at the back-office MIS and in front-line transaction management. It describes the problems and challenges that microfinance providers and clients are facing in the present state of ICT use. The paper proposes steps that could help microfinance providers, through ICT innovations, to increase outreach and also become more efficient, transparent, and flexible. Introduction Since the digital technology era began, it has contributed to widening the gap between the rich and poor around the globe. In recent times, however, strong advocacy and innovation has occurred to harness the potential of ICT for the development of the poor [13]. ICT4D activists are working to use ICT as an "enabler" or a "tool" for development. The presumption is that it will...
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...includes domestic tourism. As reported by the WTTC, tourism grossed US$566 billion in world visitor exports and created employment for 73.1 million persons in the year 2000. Hotel and Restaurant Management is a program which emphasize the importance and significance of services. It has major courses like baking, culinary arts, international cuisine, banquet and catering, housekeeping, food and beverage procedures, management, front office, events management, food sanitation procedures, food control system, hospitality planning and design, tourism, cruise line and etc. Some universities offer the program with such course specializations. But this university hasn’t yet offered course specialization in Hotel and Restaurant Management. According to the Department of Tourism, international arrivals in 1999 stood at 2.17 million, a slight increase from the previous year’s total of 2.15 million visitors. Despite the economic crisis suffered by its Asian markets, the Philippines’ foreign exchange receipts from tourism went up by 5.83% from $2.41 billion in 1998 to $2.55 billion in 1999. Moreover, the Philippines enjoyed the highest repeat visitors in Asia at 54.22 percent, indicating that the tourism sector can...
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...Peter Jay Obillo | 10/1/2013 | | CHAPTER I THE PROBLEM Background of the Study In the annual rate of enrollees at Panpacific University North Philippines, The College of Hotel and Restaurant Management takes the place of one of the courses that has a high percentage of enrollments every year in the other courses offered. This result shows that many students are giving interest of taking up Hotel and Restaurant Management course. Hospitality Management is one of the courses that is in-demand in the Philippines and all around the world. The program has a very broad scope of subject and skills to be learned, it may come in many names; these are food and beverage, hospitality management, and travel and tourism business, cruise line and maritime. Here are some factors why Hotel and Restaurant Management course is in-Demand: 1.)Wide Range of Opportunities- Hospitality Industry is very huge. You can find different Hospitality companies anywhere in the globe. Because of this you will Have Unlimited opportunities for your career. You can choose to work in your local or find jobs abroad. 2.)Different Career Path- Graduates who study Hotel and Restaurant Management choose a career based on their expertise or shift to another field related to Hospitality Management. You can be a Restaurant Manager, Hotel Manager or any career that is related in hospitality industry. 3.)High Salary- Most employees in Hospitality industry are paid higher than on other industry especially...
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...belonging to the sector. According to the PSIC, the industry is disaggregated into two sub-sectors: hotel and restaurant. The hotel sub-sector includes the various lodging units of different sizes and standards located both in urban and rural communities. The restaurant sub-sector, on the other hand, includes places that serve food and drinks, be it self-service or full-service. This covers a range of services including fine dining specialty restaurants, fast food outlets, canteens, and food courts. In terms of its contribution to the national economy, the hotel and restaurant industry accounted for 1.35% of Philippines’ 1998 gross domestic product (PHP12 billion in GVA compared to the Philippine’s PHP889 billion GDP during the period) and 1.28% of its national product (PHP12 billion in GVA compared to the PHP931 billion GNP). Moreover, the hotel and restaurant industry employed about 1% (282,142) of the country’s 31,278,000 labor force during the same period. Meanwhile, the National Statistics Office (NSO) in 1994, classified 46,930 firms as belonging to the hotel and restaurant industry, employing a total of 221,954 people. At the time, each peso investment in labor contributed PHP4.40 to the industry’s total output while each peso investment yielded a PHP1.27 contribution to the same. Hotel In general, hotels offer two major types of services: (a) accommodation and (b) dining services. Based on the quality and extent of services provided, location...
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...organizational structure is the framework within a human resources department that divides the decision making functions within HR into specific groups with distinct job functions. HR Business Partner model reflects modern expectations arising from new roles of human resources managers in organizations which include its strategic consequences, change support and also its abilities of HR systems development and improvement of employee engagement. The paper in its first part describes basic principles of new roles of human resource departments in organizations based on HRBP concept and also new competencies required. In the second part the paper presents situation in these aspects in organizations from different sectors of the Czech and Slovak economy (especially secondary and tertiary sector), benefits of the HR department transformation and some conclusions drawn from the analysis of data obtained from qualitative and quantitative survey. It also compares specific situations and documents specific applications of these new trends with more or less developed HR organizational structures. The contribution of the paper can be seen in practical view of theoretical concepts which constitute HR Business Partner model by Dave Ulrich and specific applications determined by human resources department transformation in Czech and Slovak...
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...Southwest Airlines: The Melding of Values, Communication, and Culture Southwest Airlines: The Melding of Values, Communication, and Culture Southwest Airlines states their mission as, “The mission of Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit” (Southwest Airlines, “Mission”, 2012, para.1). Along with a work environment that is stable with ongoing learning for employees, the company's values espouse to provide the same treatment to their employees as they expect their employees to provide for their customers (Southwest Airlines, “Mission”, 2012, para.1). Apparently a significant part of the airline's continued success that differentiates them from other U.S. airlines is the effort they put into making sure their enacted values align with their espoused values where one of the most important aspects is the communication they continually encourage from top tier managers to the representatives at the front lines (Kelley, 2001, para.1). Because the airline exists in a business sector that is constantly challenged with change across many categories from new regulations to new technologies, the company must maintain a high level of communication to ensure the success of new implementations for the coordinating across functional areas (Kelley, 2001, para.3). Accomplishing the level of communication necessary to keep costs low, and thereby...
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...Scope: * Study is limited to the fulfillment of academic purpose only. * Help to understand the applicability of theory in cinema hall business to some extent. Limitation: * Study is based on secondary data thus only had limited scope. * Dummy used to establish the concept of the study, thus had limitations. Methodology: * The study is based on secondary data. * Most of the facts are assumed on the basis of data received from various secondary sources. BUSINESS OVERVIEW Film Exhibition Industry Film exhibition, which involves the exhibiting of movies in cinemas. The Indian film exhibition sector can be divided into two segments: single and double-screen cinemas and multiplex cinemas, i.e., a cinema complex with three screens or more. Indian media and entertainment industry is one of the fastest growing sectors with a market size of Rs 584 billion in 2008, recording a growth of 12.4 per cent and projected to reach Rs 1052 billion by 2013 India is the highest producer and consumer of filmed entertainment. The cinema exhibition industry in India is growing at 10% per annum driven by multiplexes, which are expanding rapidly in major metropolitan cities as well as second and third tier cities. South Indian cinema industry is pegged at Rs 17.3 billion with the domestic theatrical revenue stream being most dominant, accounting for nearly three-fourth (around Rs 12.6 billion). The four southern states have 50 per cent of the theatres in India and...
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...Izetta Clay 11/24/12 Prof: Jeff Ambrose ENG 100 Research Paper Hurricane Sandy's in KINGSTON, Jamaica KINGSTON, Jamaica Hurricane Sandy's howling winds and pelting rains lashed precarious shantytowns, stranded travelers and downed power lines Wednesday as it roared across Jamaica on a course that would take it on to Cuba and then possibly threaten Florida and the Bahamas. Sandy's death toll was at least two. An elderly man was killed in Jamaica when he was crushed by a boulder that rolled onto his clapboard house, police reported. Earlier Wednesday, a woman in Haiti was swept away by a rushing river she was trying to cross, in some southern towns of Jamaica, a few crocodiles were caught in rushing flood waters carried them out of their homes in mangrove thickets, showing up districts where electricity was knocked out, local residents reported. One big croc took up temporary residence in a family's front yard in the city of Portmore. Wednesday evening the hurricane's eye had crossed Jamaica and emerged off its northern coast near the town of Port Antonio, meteorologists said, but rain and winds continued to pound the Caribbean island, and hurricane conditions were predicted to last well in the night. It was the first direct hit by the eye of a hurricane in Jamaica since Hurricane Gilbert 24 years ago, and fearful authorities closed the island's international airports and police ordered 48-hour curfews in major towns to...
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...bank image 3. Identify revenue opportunities to add to bank 4. Study market segments and explore the possibilities of introducing new scheme to special segments to increase market penetration 5. Monitor performance of the products/ services by tracking performance closely 6. Work with communications to develop media plan 7. Develop products to achieve the desired sales levels Achievements 8. Managing the second largest Retail Assets Portfolio in Egypt with total receivables of € 1 Billion 9. Revamping products credit policies as well as introducing new product programs catering for A-C segments and self employed categories 10. Market Segmentation and Identification of untapped opportunities maximizing market share 11. Building up in collaboration with credit and operations functions Strong business backbone and up - scaled processing capacity for business centralization. Business Flow Management System 12. Establishing a comprehensive Auto Loans business model with expanded dealers network coverage and full scaled Incentives structure 13. Managing Taxi replacement project as Alex Bank is the Primary retail financer for this Project in collaboration with the Ministry Of Finance. Portfolio Size of € 100M 14. Managing Governmental sector PILs " Achieve your Dreams...
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...DEVELOPMENT Peoples Own savings bank of Zimbabwe (POSB) is a statutory, national savings bank, wholly owned by the government of Zimbabwe. The People’s Own Savings Bank was established on the 1st of January 1905 and has a proud history of achievement and service provision to every Zimbabwean. The former Post and Telecommunications (PTC) unbundled into three separate entities namely; The People’s Own Savings Bank replacing the Post Office Savings Bank, Zimpost replacing the former Post Office and Telone and Net One replacing Telecoms. In 2001, the POSB bank Act (chapter 24:22) was promolgumated, establishing POSB as a corporate entity. This Act widened the scope of the bank to enable it to offer a wide range of financial products. The bank's core mandate is to promote a culture of saving amongst Zimbabweans, especially in the previously unbanked outlying communities. POSB deals with clients from the lower market. POSB is directly supervised by the ministry of finance and Reserve Bank of Zimbabwe. 1.2 THE BUSINESS STATEMENT 1.2.1 Vision To be a world class Savings Bank catering for all. 1.2.2 Mission To be a Savings bank which provides a broad range of quality, accessible and affordable financial services. 1.2.3 Values Innovation Ability to change for the better. KUNDAI KAMANGA Page 1 N0110841B Excellence Exceeding set standards and expectations. Integrity Being trustworthy, dependable and honest in all our dealings. Commitment Ability...
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...be explained by lower than expected revenue collections from taxes (due to slowing growth), low disinvestment and spectrum sale revenues, and the growth of subsidies leading to an increase in government expenditure during FY 2011-12. India’s fiscal deficit during FY 2011-12 was 5.9%, far above last year’s budget estimate of 4.6%. Third, given the current volatile political scenario, the government has to project a pro-common man image. Budget 2012-13 appears to be a realistic budget, balancing the objectives of financial prudence, GDP growth and populist measures. Most of the policies put forth in this budget were along expected lines. And, the initial response from the stock market supports the same. Fiscal prudence The finance minister clearly outlined measures the government is taking to increase its revenues, including increasing the service tax rate to the pre-stimulus level of 12%, increasing excise duty to 12% and setting a disinvestment target of Rs. 30,000 crore for the year. This budget’s big idea was the introduction of systems to enhance the simplification of tax laws, increase tax net coverage, increase compliance and reduce tax litigations. However, this year’s budget did not shed much light on how the government plans to rein in expenditures. Apart from a brief mention on better targeting through mobile platforms, there was no mention of fuel and fertilizer based subsidy reductions. GDP Growth Policies The steps taken to promote infrastructure development...
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...MSRSAS - Postgraduate Engineering and Management Programme - PEMP
Module Code Module Name Course Department
EMM515 Lean Operations and Management of Lean Organizations M.Sc. in Engineering and Manufacturing Management Mechanical and Manufacturing Engg .
Name of the Student Reg. No Batch Module Leader
Liju G BUB0912004 Full-Time 2012. SANDEEP. N
M.S.Ramaiah School of Advanced Studies
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