...Africa and Afghanistan would be prime examples of countries that still have trouble with underdevelopment. 2. SYNCRETISM- Sil reading. Syncretism is the strategy of Nation building that combines foreign/modern and native/traditional values. Sil believes that in order for a Third World country to move forward, traditions must be reconstructed with newer, more modern ideals. This is significant to Comparative Politics because it is a way of understanding how social mobilization affects modern nation building. 3. ZAIBATSU- Johnson and Fukai reading. Zaibatsu are eastern Asian industrial and financial conglomerates that unleashed entrepreneurship in countries like Japan, South Korea, and Taiwan. They focus capital in developmental projects in underdeveloped countries and constitute compromise between inefficiencies of purely state enterprise and indifference to developmental goals of purely private enterprise. This is significant to Comparative Politics because it started entrepreneurship and encouraged investment in Third World counties. It is also a prime player in the Capitalist Developmental State Model of Japan, South Korea, and Taiwan, and has spread globally. 4. 5 STAGES OF ECONOMIC GROWTH- Rostow...
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...[Type the company name] | INVESTMENT IN MUTUAL FUNDS AND SHARES –PROS AND CONS | FINANCIAL MANAGEMENT | | TO, PRATIMA TRIVEDI | 12/9/2013 | REPORT BY- PARITOSH SINGH FS35 PRAKRITI FS40 PANKAJ KUMAR SINGH FS34 ROMANSHU VARSHNEY FS64 RAJNEESH SHARMA FS44 TABLE OF CONTENTS Table of Contents ACKNOWLEDGEMENT 4 A. MUTUAL FUNDS 5 I. INTRODUCTION 5 II. ROLE OF MUTUAL FUNDS IN THE FLNANCIAI, MARKET 5 III. MUTUAL FUNDS: STRUCTURE IN INDIA 5 IV. GROWTH IN MUTUAL FUND INDUSTRY 6 V. IMPACT OF THE GLOBAL FINANCIAL CRISIS 11 VI. GOVERNMENT POLICIES 11 VII. ADVANTAGES OF MUTUAL FUNDS 12 Diversification. 12 Expert Management. 12 Liquidity. 13 Convenience. 13 Reinvestment of Income. 13 Range of Investment Options and Objectives. 13 Affordability. 13 VIII. DISADVANTAGES OF MUTUAL FUNDS 14 No Control Over Portfolio. 14 Capital Gains. 14 Fees and Expenses. 14 Over-diversification. 14 Cash Drag. 15 IX. SOME TOP MUTUAL FUND OF INDIAN MARKET 15 SCHEME: ICICI Prudential Focused Blue chip Equity Fund (G) 15 SCHEME: BIRLA SL INDIA GENNEXT (G) 15 SCHEME: SBI DYNAMIC BOND FUND (G) 16 ICICI Prudential Equity - Volatility Advantage Fund 16 B. INVESTMENT IN SHARES 17 1. INTRODUCTION 17 2. ADVANTAGES OF INVESTING IN SHARES 17 i. Inflation Rate: 17 ii. Protected From The Eyes Of The Public: 17 iii. Growth Rate: 17 iv. Dividend: 17 v. Bonus Issues: 17 ...
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...Consultative Group to Assist the Poorest (CGAP) Working Group on Savings Mobilization RURAL BANK OF PANABO (RBP), PHILIPPINES (CASE STUDY) Ulrich Wehnert Eschborn, 1999 CGAP Working Group on Savings Mobilization CONTENTS ABBREVIATIONS LIST OF TABLES AND GRAPHS 1 CONTEXT 1.1 1.2 Macroeconomic context iv v 1 1 Context of the financial sector 1 1.2.1 Role of the central bank 1 1.2.2 Regulation and supervision 2 1.2.3 General development and characteristics of the financial sector 3 1.2.4 The impact of the Asian financial and economic crisis on the financial sector4 1.2.5 Outreach and characteristics of state interventions 4 1.2.6 Social security system 5 Social and socio-cultural context Classification of the macroeconomic, financial and socio-cultural context 5 6 7 7 8 8 9 11 11 11 12 1.3 1.4 2 INSTITUTIONAL ANALYSIS 2.1 2.2 General characteristics of the Rural Bank of Panabo Institutional type, governance and organizational structure 2.2.1 Institutional type and governance 2.2.2 Organizational structure 2.2.3 Lessons learned in institutional type, governance and organizational structure 2.2.3.1 Success factors 2.2.3.2 Limitations and risks 2.2.3.3 Possibilities of replication 2.3 Demand-oriented savings products and technologies 12 2.3.1 Characteristics of demand-oriented savings products and savings technologies 12 2.3.2 Design of demand-oriented savings products 13 2.3.3 Procedures to introduce demand-oriented savings products 13 2.3.4 Lessons learned...
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...Democracy and Development in India: A Comparative Perspective By Pranab Bardhan University of California at Berkeley To most theorists of democracy in the West, India is an embarrassing anomaly and hence largely avoided. By most theoretical stipulations India should not have survived as a democracy: it’s too poor its citizens largely rural and uneducated its civic institutions rather weak. It is a paradox even for those who believe in a positive relationship between economic equality or social homogeneity and democracy. India’s wealth inequality (say, in land distribution, and even more in education or human capital) is one of the highest in the world. Indian society is also one of the most heterogeneous in the world (in terms of ethnicity, language, caste and religion), and social inequality, a legacy of the caste system, is considerable. Yet this country, with the world’s largest electorate (it is now larger than the electorate in North America, Western Europe, and Japan combined), keeps lumbering on decade after decade as a ramshackle, yet remarkably resilient, democratic polity. Of course, depending on the defining features of democracy the depth of Indian democracy may be rather limited. It is useful to keep a distinction between three general aspects of democracy: (a) some basic minimum civil and political rights enjoyed by citizens, (b) some procedures of accountability in day-to-day administration under some overarching constitutional rules of the game, (c) periodic...
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...Abstract The global community faces a number of critical challenges ranging from climate change to crossborder health risks to natural-resource scarcities. Many of these so-called global commons problems carry grave risks to economic growth in the developing world and to the livelihoods and welfare of their people. Climate change is the classic example. Despite the risks involved, donor governments have funded programs addressing global challenges such as climate change at far lower levels than traditional programs of country-based development assistance. The prospects for dealing with such global challenges will depend at least in part on new collective financing mechanisms. In this paper, we examine four categories of existing resource-mobilization options, including (1) transportation levies; (2) currency and financial transaction taxes; (3) capitalization of IMF Special Drawing Rights (SDRs); and (4) the sale, mobilization, or capitalization of IMF gold. In the end, we recommend that willing governments utilize a modest portion of their existing SDR allocations to capitalize a third-party financing entity. This entity would offer bonds on international capital markets backed by its SDR reserves. The proceeds would back private investment in climate-mitigation projects in developing countries that might otherwise lack adequate financing. This approach could mobilize up to $75 billion at little or no budgetary cost for contributing governments. Any limited budgetary costs...
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...The South Asian Association for Regional Cooperation (SAARC) is an organisation ofSouth Asian nations, which was established on 8 December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within the South Asia region and also for friendship and co-operation with other developing countries. It is dedicated to economic, technological, social, and cultural development emphasising collective self-reliance. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan, and Bangladesh. Afghanistan joined the organisation in 2007. Meetings of heads of state are usually scheduled annually; meetings of foreign secretaries, twice annually. It is headquartered in Kathmandu, Nepal. The objectives and the aims of the Association as defined in the Charter are:[3] • to promote the welfare of the people of South Asia and to improve their quality of life; • to accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realise their full potential ; • to promote and strengthen selective self-reliance among the countries of South Asia; • to contribute to mutual trust, understanding and appreciation of one another's problems; • to promote active collaboration and mutual assistance in the economic, social, cultural, technical...
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...Abstract Financial intermediation is an important activity in the economy because it allows funds to be channeled from people who might otherwise not put them to productive use to people who will ultimately put the funds to productive uses. In line with the assumption that banking sector plays an important role in financing the investment projects, successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However, despite the fact that Nigerian banks have undergone series of restructuring/reforms aimed at strengthening the banks’ ability to efficient service delivery and fund the real sector, problems such as; inefficiency in allocating funds to the real sector, lack of long-dated funding, neglect of the core private sector in terms of credit extension, weak capacity of the banks to fund the real sector, low-level activities of banks, and illiquidity still lingers. This study therefore, examines empirically the impact of financial intermediation on the development of the Nigerian economy with the aim of determining the importance of financial intermediaries and its influence. This study found out that the financial intermediaries (banks) in Nigeria exhibit inefficiency and weak capacity in the allocation of funds to...
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...EFFECT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS ON ECONOMIC WELLBEING OF RURAL WOMEN IN ANAMBRA STATE Abstract This study examines the effect of rotating savings and credit associations on economic wellbeing of rural women, particularly in Anambra State, Nigeria using an econometric multiple regression model of the Odinary Least Square (OLS). Findings revealed that credit/ loan services, training and advice on investment services and capital formation (savings) services through rotating savings and credit associations significantly influence the economic wellbeing of the rural women in Anambra state, Nigeria. Based on the findings, the study recommends that rotating savings and credit associations should be encouraged among rural women because...
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...and conditions of living conducive to the health of individuals, groups or communities (Green and kreuter,1999.) It is a core function of public health and contributes to the work of tackling communicable and non communicable diseases and other threats to health. Health promotion therefore involves a multidisciplinary application of skills in psychology,anthropology,economic,political theory, consumer rights/law,communication,media design,epidemiology,management,community mobilization and the application of resaerch,planning and evaluation skills. Who does Health Promotion? Health Promotion is part of the role of a wide range of field staff within health and other services. e.g nurses, doctors, teachers, agricultural workers etc PREREQUISITES FOR HEALTH Improvement in health requires a secure foundation in these basic prerequisites. They are fundamental conditions and resources for health.They are: Peace Shelter Education Food Income A stable eco-system Sustainable resources Social justice and equity ELEMENTS AND COMPONENTS. The Ottawa...
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...Continuity Plan for all critical organization functions. Each department head is responsible for ensuring compliance with this policy and that their respective plan component is tested no less than annually. ABC’s Disaster Recovery efforts exercise reasonable measures to protect employees, safeguard assets, and client accounts. 1.2 Introduction This document is the Business Continuity Plan for ABC located at 911 Recovery Drive, Any Town, USA 99999. It has been developed in compliance with the National Fire Protection Association (NFPA) Standard 1600. This plan was specifically designed to guide ABC through a recovery effort of specifically identified organization functions. At the onset of an emergency condition, ABC employees and resources will respond quickly to any condition, which could impact ABC’s ability to perform its critical organization functions. The procedures contained within have been designed to provide clear, concise and essential directions to recover from varying degrees of organization interruptions and disasters. 1.3 Confidentiality Statement This manual is classified as the confidential property of ABC. Due to the sensitive nature of the information contained herein, this manual is available only to those persons who have been designated as plan participants,...
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...identified different segments of the customers which could be tapped by identifying their current and future needs and providing an appropriate range of services. Biswa N Bhattacharyay is Professor at the National Institute of Bank Management, Pune. After nationalization, banks in India have largely succeeded in mobilizing surplus funds in the Indian economy. Of late, however, the rate of growth of deposit mobilization has reduced considerably with the emergence of non-banking institutions and growth of competitive financial instruments. Banks have also failed to keep pace with the growth of surplus investible funds. If this present trend continues, banks may find it rather difficult to meet credit.obligations. At the same time, usage by customers of nonfund based miscellaneous banking services is quite low and has affected the profitability of the banking industry. There is also a sense of dissatisfaction with banking services in general. Being in the buyers' market because of the presence of other agencies, the banking industry has to adopt a marketing approach-towards deposit mobilization and promotion of banking services. What is Marketing Approach? Banking is a personalized service oriented industry and hence should provide services which satisfy the customer's needs. To meet these needs,...
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...Taxation in low income countries A vital issue Ashok Shumshere JBR 2009-11-02 1:01 PM The topic of taxation has experienced a comprehensive change of structure since last many years. With the beginning of supply side taxation, role of taxation has become more significant. Taxation is not only an effective instrument for resource mobilization — a “boot strap operation for financing economic development-but also a ‘tool kit’ for revenue collection to sustain growth and maintain equity and stability in the economy. If blood circulation is essential to keep the human body alive so is taxation to keep the economy alive. Developing countries suffer from dearth of revenue because of low taxable capacity as the majority of people live below the poverty line with hardly any capacity to pay taxes to the government. On top, legal base of taxation is condensed with unrestricted tax shelters and tax administration is short of modern mechanism to spot new tax payers and bring them into the orbit of tax- net. According to the theory of structural change of taxes during the developmental process, the contribution of direct taxes will grow with the rise in per capita income, in turn the contribution of indirect taxes will comparatively slow down. Direct taxes have tactical importance and its preference over indirect taxes is claimed on the ground of neutrality, welfare and excess burden. With time, it has been established that direct taxation gives the best accountability...
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...Asia Pacific Fundraising Conference 8-11 April 2013, Manila, Philippines Unite. Ignite. The Passion Continues. Passion Forward 2013. Sponsorship Catalogue Page 1 of 9 About Passion Forward PASSION FORWARD: THE ASIA PACIFIC FUNDRAISING CONFERENCE is a four-day conference, conducted every other year, that aims to gather at least 150 champions, professionals, volunteers, sponsors, direct implementers, active promoters and benefactors of non-profit organizations. These individuals are specifically involved in the application and pursuit of innovative, excellent and sustainable solutions in resource mobilization and non-profit management. The history of Passion Forward Conference begun on year 2004, it was first dubbed as Asia Pacific Fundraising Summit. It was first conducted on the said year in Manila. Singapore took the lead on year 2005 in staging the summit. Through partnership with Resource Alliance-UK, FuND Philippines brought the summit back in 2007 in the Philippines and carried the brand name Passion Forward. With the clamour from the members of FuND Philippines and Asian Fundraisers to have a regular venue for sharing and learning, Passion Forward is then revived, this time as one of the programs of FuND Philippines. The 2013 run targets to assemble leaders, not only from the host country Philippines but from Hong Kong, Indonesia, Malaysia, Thailand, Cambodia, Vietnam, Singapore, South Korea, China, Taiwan, Micronesia, and Australia. Successful Filipino development advocates...
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...deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it. A financial institution licensed as a receiver of deposits. There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by the national government or central bank. Commercial banks are mainly concerned with managing withdrawals and deposits as well as supplying short-term loans to individuals and small businesses. Consumers primarily use these banks for basic checking and savings accounts, certificates of deposit and sometimes for home mortgages. Investment banks focus on providing services such as underwriting and corporate reorganization to institutional clients. According to Nepal Company Act 2031 B.S, a commercial bank refers to such type of bank which deals in money exchange accepting deposit advance loan and commercial transaction except specific banking related to co-operative agriculture industry and other objective. Basic source of funds of commercial bank are capital reserve, undistributed profit and several of deposits. Basic uses of the funds are loans advance and investment. History of Banking in Nepal The history of banking in Nepal is believed to be started from the time of Prime Minister Ranoddip Singh in 1877 A.D. He introduced many financial and economic reforms. The Tejaratha Adda was established...
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...This Paper mainly focus on the Foreign Direct Investment in the Insurance sector in India. India has been rapidly adapting to the liberalization, and FDI is encouraged in almost all the economic activities. FDI inflow in the country is increasing. India has tremendous potential for absorbing greater flow of FDI in the coming years. The Insurance sector in India has a great potential even during the downtrend and FDI flow is expected to rise in the mere future. The performance of the Insurance Regulatory and Development Authority (IRDA) Act by the Indian Parliament in 1999 opened the entry for participation of private insurance companies and a limited participation of foreign insurance companies through joint ventures with Indian company. Life Insuranceis the fastest growing sectorin Indiasince 2000 as Government allowed Private players and FDI up to 26%. Keywords: FDI in insurance sector, Insurance Regulations, FDI advantages, FDI Disadvantages, Life Insurance market, FDI cap on Insurance. Introduction: The insurance sector has been a fast developing sector with substantial revenue growth in the non-life insurance market, but in spite of its huge population, India only accounts for 3.4% of the Asia-Pacific general insurance market's value. The cap on foreign companies equity stake in insurance joint venture is 26%, but is expected to rise to 49%. The investment pattern with regard to foreign direct investment (FDI) and inflows from non-resident Indians remains resilient...
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