...Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005 SUPERVISOR’S CERTIFICATE This is to certify that the Project Report entitled: ‘PRIVATE SECTOR IN INDIA: BOON OR BANE’ submitted to the Tamil Nadu National Law School in partial fulfilment of the requirements for B.A. LL.B (Hons.), third semester is an original and bona-fide research work carried out by Akash Gupta under my supervision and guidance. No part of this study has been submitted to any University for the award of any Degree or Diploma whatsoever. ______________________ (Mr.Yuvraj) ------------------------------------------------- Preface This project is intended to carry out an extensive research on the topic “PRIVATE SECTOR IN INDIA: BOON OR BANE” by the supervisor. The research and analysis conducted by the researchers are bona-fide and purely for academic purposes. Every effort is made to keep the project error free. We would gratefully acknowledge the suggestions to improve the project to make it more useful. ACKNOWLEDGEMENTS ...
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...employee engagement, have been taken out of a pool of drivers suggested by various authors: 1 | Belief in Co’s direction | 15 | Leadership | 2 | Benefits | 16 | Organization Development | 3 | Career opportunities | 17 | Pay | 4 | Chief Executive Officer | 18 | Performance Review | 5 | Communication | 19 | Personal Growth | 6 | Company’s Values | 20 | Purpose in Life | 7 | Decision Making | 21 | Recognition | 8 | Direct Supervisor | 22 | Social Contribution | 9 | Environmental Mastery | 23 | Social Integration | 10 | Focused Work | 24 | Senior Managers | 11 | Human Resource Mgt. | 25 | Training & Development | 12 | Individual’s Own Values | 26 | Trust | 13 | Interpersonal Support | 27 | Work Group | 14 | Job Content | 28 | Work-Life Balance | Perrin‟s Global Workforce Study (2005) uses the definition “employees‟ willingness and ability to help their company succeed, largely by providing discretionary effort on a sustainable basis.” According to study, engagement is affected by many factors which involve both emotional and rational factors relating to work and the overall work experience.This verdict and definition forwarded by Institute of Employment Studies gives a...
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...P1 – Describe the travel and tourism business environment, providing examples of organisations Public sector The public sector is a business sector provided and maintain by the government, in the Travel and Tourism sector the public sector consists of organisations like Translink rail and bus service, tourist information centres and leisure centres. Private sector The private sector consists of a variety of business that survive by making profit from whatever service they provide. In the Travel and Tourism business in the private sector the services provided are there so a business can make a profit these services will likely more expensive compared to public sector in order for a higher level service can be provided. Examples of organisations in the private sector would be airlines like EasyJet or Virgin Atlantic, also organisations like tour operators such as Thompson. Geographical Local: a local Business in a small kind of organisation that operates with only one branch, an example of a local organisation in the travel and tourism industry is Portrush travel which is a small independent business that mainly only caters to customers in it local area. Regional: a business that is classified as regional can be describe as a type of business that operators within a specific part of a country but owns multiples sites where it provides its services. For example a travel agent like Oasis Travel is classed as Regional organisation as it only operates inside the region of...
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...bestselling books on the impact of scientific and technological changes on the economy, society, the workforce, and the environment. His most recent books include The Empathic Civilization, The Hydrogen Economy, The European Dream, The End of Work, The Age of Access, and The Biotech Century. He currently serves as an advisor to the European Union, European Commission, the European Parliament, and several EU heads of state and has been influential in shaping public policy in the United States. With global unemployment hitting an all time high and effecting virtually every sector and industry, this book is as relevant today as it was when it was first published over fifteen years ago. In the republished 2004 edition Rifkin updates the introduction to address his discontent with the old logic that advancement in productivity enhancing technology may destroy some jobs but create just as many, if not more, new jobs. Rifkin suggests that this...
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...Bangladesh Software and IT Service Industry Recent Trends & Dynamics Software and IT service industry in Bangladesh has crossed a long road over the last few decades. It has matured. The industry no more remains at the sideline. It joined the mainstream. Not only the industry is contributing significantly in the national income, but also it has been playing very crucial role in creating high quality employment for a sizable portion of young graduates of the country. The presence of high number of young entrepreneurs is one of the distinctive features of this industry. In last decade many tech savvy young graduates, some of them returning from abroad after finishing education, have started their IT ventures. Despite various local and global challenges, these young spirited entrepreneurs have done remarkably well in building sustainable business organizations through their hard work and passion. Surely, the enthusiasm and resilience of the young entrepreneurs are the main driving force of Bangladesh IT industry. Snapshot of the Industry: Size, Composition and Market According to BASIS survey, there are over 800 registered software and ITES (IT Enabled Service) companies in Bangladesh. There are another few hundred of unregistered small and home-based software and IT ventures doing business for both local and international markets. Chart 1 Bangladesh Software and ITES Industry 800 + Enterprise no. Software 44% 56% Tk. 1,800 crore + (US$ 250 million) Revenue...
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...THE SMALL AND MEDIUM ENTERPRISES (SME) IN BANGLADESH: AN OVERVIEW OF THE CURRENT STATUS DR. MOMTAZ UDDIN AHMED VICE CHANCELLOR STATE UNIVERSITY OF BANGLADESH 1.0 The Case for the SMEs The SMEs1 worldwide are recognized as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labour intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects for creating large-scale employment and income earning opportunities at relatively low cost for the un-and unemployed especially in the rural areas strengthening the efforts towards achieving high and sustained economic growth which are critically important prerequisites for triggering an exit from endemic poverty and socio-economic deprivation. These promotional arguments for the SMEs, while universally emphasized are often put forward by their ardent advocates in a small versus large context and thus arouse serious debates concerning their economic viability. Much of such controversies may, however breakdown if the intrinsic virtues specific to SMEs and unavailable to large-scale industries are correctly identified and carefully exploited. A combined interaction of the forces of product-mix, locational...
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...The main type of business organizations in the UK are: * Sole traders * Partnerships * Companies/ Corporations * Charities * Cooperatives * Franchises * Private Sector and Public Sector The sole trader organization is composed of one person who funds the business and also keeps 100% of the profits. Hence it being the most common form of organization. A partnership is an organization which can have multiple partners running a single business. However profits are shared amongst the partners according to internal shares. A company or corporation is owned by shareholders who appoint directors for decision making; however the CEO is the senior official responsible for the major decision making. A charity is a non-profit organization designed to raise money and provide help for those in need. Cooperatives are small businesses in which there are multiple owners, each having equal rights and responsibilities .A franchise is an arrangement between two firms in which one firm fives the other the right to use its trademark, name, logo as well as certain business systems and procedures and marketing strategies. The public sectors are usually owned by government. These can be welfare and social services, law and order, defence or health and education services. The private sectors are usually privately owned , not being part of the government. These are mostly small businesses, retail stores etc. I have been chosen by Deloitte Consulting to conduct a business...
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...How the National Offender Management Service works March 2012 Introduction Who we are Key functions Our structure How NOMS Works introduction who we are key functions our structure “ Our vision is that there will be fewer victims, and our “ communities will be safer NOMS was established in 2008 with a clear brief, to bring together the commissioning and provision of offender services in prison and in the community, ensuring best value for public money. So organisational change isn’t new to us; it’s part of what we are all about. But the reality now is that we are in a new world, with the double challenge of responding to the policy priorities of the Coalition Government and significantly reducing our costs by approximately 23 per cent by 2015. The rate of change and scale of challenge for both Prisons and Probation is unprecedented. To meet our objectives of protecting the public and reducing reoffending – we have reshaped and transformed the way we operate creating a leaner organisation focused on outcomes for the public. We have dismantled our old regional model, and our structure has been fundamentally reshaped to support HQ and Central Services front line delivery at much reduced cost. Perhaps most significantly, our new structure makes a clear distinction between the different functions of the Agency – commissioning services; delivering those services directly such as through HM Prison Service and national operational services such as licence recall and population...
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...core purpose is to create value for customers to earn their lifetime loyalty. (Source: www.tesco.com). Tesco is Cancer Research UK Charity of the Year for 2012. They aim is to raise around £10million to help find the cure for cancer but also help keeping families together by prolonging lives. Cancer Research is therefore the leading charity to help patients suffering with cancer. Task 1: There are different aspects of business activity in the United Kingdom’s economy; this involves the Primary sector, Secondary sector and Tertiary sector. Primary sector involves extracting raw products from natural resources for example farming. Secondary sector is the main sector in the economy this includes industrial manufacturers of finishing products from raw material this includes both light and heavy industries. An example of secondary sector involves making plastic from oil. The final business activity is tertiary, tertiary sector is a voluntary or non-profit sector of the economy. These provide services to individuals and businesses. The two organisations I am going to describe the purposes of are Tesco and Cancer Research UK. Tesco’s and Cancer Research Up are two very different types of businesses. Tesco’s is a profit organisation while cancer is a non-profit organisation. Profit organisations rely on keeping running costs to a minimum. These running costs are the day-today costs that are needed to help run the organisation. For a profit to be made, the money received...
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...Institutional Financing of SME in Bangladesh [pic] [pic] TERM PAPER ON Institutional Financing of SME in Bangladesh Submitted By: ID- Program- BBA Premier University, Chittagong Submitted in partial fulfillment of the requirements for the Bachelor of Business Administration. Submitted To: Ms. Nilufar Sultana Lecturer, Dept. of Finance & Banking, Faculty of Business Studies, Premier University, Chittagong. DATE OF SUBMISSION: /09/2012 Letter of Transmittal Date: To Ms. Nilufar Sultana Faculty of Business Studies Premier University, Chittagong Sub: Letter of Transmitter on Term Paper Dear Madam, This is my pleasure to submit my term paper report on “Institutional financing of SME in Bangladesh” which I was assigned. It was a great opportunity for me to acquire knowledge and experience in respect of the functions, procedures and operational activity, other than my topic of study. I have concentrated my best efforts to achieve the objectives of the assignment study and hope my endeavor will serve the purpose. However, I will always be ready to provide any further clarification that you may require. Sincerely Yours, ID# Program: BBA Batch Number: 16 8th Semester Section: Major:...
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...increase in the number of new labor market entrants in the coming years. With high costs of living and a high dependency ratio, there is great pressure on the Saudi individual to find a job and greater pressure on the Saudi government to create more jobs. Over-saturation of the public sector has created a need for young nationals to look for work inside the expatriate dominated private sector. However with so many expatriates working in the country it is harder for the Saudi national to find a job in the private sector, and thus unemployment has been a serious issue in Saudi Arabia. In an effort to facilitate the employment of nationals, the Saudi government has instituted a number of policies favoring the Saudi worker in an effort known as Saudization Saudization is a tool used to combat unemployment and involves replacing foreign workers with Saudi workers. The Saudization plan was imposed by King Fahd bin Abdul Aziz to in order to significantly decrease dependence on cheap foreign labor. Under the plan, 75 percent of the workers should be Saudi, and should receive at least 51 percent of the company’s total salary payment. Goals of Saudization The three main goals of this policy are: * Increase employment opportunities for Saudi nationals in the country especially in the private sector: the main aim of Saudization is to reduce unemployment levels and increase the...
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...Project Report on US Recession and its Impact on Indian Economy Submitted to Prof. V.P.Singh Submitted By Sona Nair 38 Shrenik Shah 54 MansiKinjawdekar 32 ParleTilakVidyalaya’s Institute of Management Dixit Road, VileParle East,Mumbai-400057 Index Sr.no Table of Contents Page no 1. Introduction 2. Factors affecting Recession 3. Impact on Indian Economy 4. Corrective Steps taken to check Recession 5. Case Study- 6. Conclusion 7. Executive Summary 8. Bibliography INTRODUCTION What is Recession? A recession is a contraction phase of the business cycle. The official agency in charge of declaring that the economy is in a state of recession is the National Bureau of Economic Research (NBER). They define recession as a “A period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” This is normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. For this reason, the official designation of recession may not come until after we are in a recession for six months or even longer. Some economists also suggest that a recession occurs when the natural growth rate in GDP is less than the average of 2%. Typically, a normal economic recession lasts for approximately 1 year. The newspapers in America often quote theThumbRulethat...
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...attracted a person to an organisation, benefits kept them there, while bonus and incentive schemes motivated them. Reward was regarded as consisting of three distinctive parts: Remuneration - covering such aspects as job evaluation, salary structures and incentive schemes. Benefits - which tend to be offered to all employees irrespective of their grade, such as paid leave, employee assistance programmes or Christmas parties. Perquisites - which are benefits that tend to provided to discrete categories of employees, such as a company car/car allowance, private healthcare or concierge service. 2 Reward Today More recently, this divide between which parts of reward are best suited for attraction and recruitment, retention and motivation has broken down. Modern research shows that individuals are attracted, retained and engaged by a whole range of financial and non-financial rewards and that these can change over time depending on their personal circumstances. The financial elements of a package are not considered particularly important by individuals in some situations. For instance, people at the beginning of their career may be more interested in getting access to training and career development. People at the end of their career are more concerned with job satisfaction rathe than pay necessarily; those with childcare responsibilities are more concerned about work life balance policies and flexibility. It is crucial when creating a reward policy that organisations try...
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...their purposes | 2 | 8 to 10 | Learner Declaration | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Learner Signature: Bayan Kaid Date: 28/9/2015 | YOUNG INVESTORS MAGAZINE UNIT 1: Business Environment By: Bayan Kaid | 9/19/15 | Teacher: Fred Nzuku | Contents | Page number | Task one (P1) * Introduction of business & magazine………………… | (1,3) | * Private sector Business: Safaricom………………….. * Introduction to Safaricom……………………………. * Safaricom Competitors & no of employees………….. * Safaricom type of ownership…………………………. * Ownership advantages and disadvantage…………….. * | (4) | * Safaricom sales and figures…………………………. * Purposes of Safaricom existence…………………….. * Safaricom aims and objectives………………………. | (5) | | | * Public sector Business: National Bank of Kenya…….....
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...P1 - Two Different businesses belonging to different sectors The two chosen businesses are John Lewis PLC which is a private sector business and Cancer Research UK which is a voluntary sector business. Introduction to both businesses: John Lewis PLC is a chain of upmarket department stores operating throughout Great Britain. John Lewis PLC is owned by John Lewis Partnership which was created alongside the first John Lewis store in the mid-1800s. the first ever John Lewis store was opened in Oxford Street, London, in 1864. The slogan for the company is “never knowingly undersold”, and has been the same for quite some time. The slogan is hitting almost its 100th anniversary. John Lewis is one of the largest and successful department stores in Great Britain, and this has been achieved with just 45 stores throughout England, Scotland and wales. There biggest store which is being operated outside London has just opened in Birmingham city centre. The main headquarters for this business is in London. The total number of employees in this business is somewhere around 38,100. John Lewis, happens to be one of the oldest department stores which are still operating. This can be backed up by the fact that John Lewis has been operating for more than 150 years. It is a business based in the retail industry which is specifically a department store. They happen to have a large product range, these can vary from electricals, clothing to even sports and leisure equipment. The ultimate purpose...
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