...Economic Revival June 2012 June 2012 © Confederation of Indian Industry Copyright © 2011 by Confederation of Indian Industry (CII), All rights reserved. No part of this publication may be reproduced, stored in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of the copyright owner. CII has made every effort to ensure the accuracy of information presented in this document. However, neither CII nor any of its office bearers or analysts or employees can be held responsible for any financial consequences arising out of the use of information provided herein. However, in case of any discrepancy, error, etc., same may please be brought to the notice of CII for appropriate corrections. Published by Confederation of Indian Industry (CII), The Mantosh Sondhi Centre; 23, Institutional Area, Lodi Road, New Delhi-110003 (INDIA), Tel: +91-11-24629994-7, Fax: +91-11-24626149; Email: info@cii.in; Web: www.cii.in Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area , Lodi Road, New Delhi – 110 003 Tel.: 011-24621874, 24629994-97 : Fax: 011-24626149 Website:www.cii.in Edited, printed and published by: Chandrajit Banerjee, Director General, CII on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi –110 003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 email:...
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...making Contents Introduction 1 Part one Overall transportation program development. 2 Network-Level Planning 2 Project development 2 Programming 3 Budgeting 3 Financial Planning 3 Part two. Process of transportation project development (PDP) 3 PDP Steps 3 Impact of transportation system stimuli 7 Impact categories and types 8 Dimensions of the evaluation 9 Geographical scope of impacts 10 Other Ways of categorizing transportation system impact 11 Role of evaluation in PDP and Basic Elements of evaluation 11 Role of evaluation in PDP 11 Reasons for evaluation 11 Measures of a project’s worth 12 Procedure for transportation system evaluation 13 Conclusion 15 Introductory concepts in transportation Decision Making Creniaut Emilien -陳玉偉 – 0245037 – NCTU Report Introduction The transportation system is nowadays the largest public sector for any countries. The economic growth and the productivity are linked with the efficiency of the transportation network. All of the capitalist is, now, based on the accessibility of goods and facilities. Constantly we need to improve our transportation network. So transportation agencies have to make lot of assumption in order to improve our network. But it will involve our environment a lot, that’s why decision making is essential in transportation Part one Overall transportation program development. Network-Level Planning This planning demand an evaluation of travel demand...
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...PERSONAL DEVELOPMENT PLANS The following section will give you guidance on the Personal Development Plan, what it is and how you can utilise it in support of your educational aspirations. 3 key questions to ask yourself…… 1. What is a Personal Development Plan(PDP)? 2. Why Should I have one? 3. How can I write one to reflect my own aspirations? The answers are straightforward…… 1. What is a Personal Development Plan(PDP)? A PDP is just another name for a plan of action, only this one refers specifically to your aspirations regarding personal development. We make plans every day, but do not always write them down; a PDP allows you to set your own personal targets and find the best way to achieve them. 2. Why Should I have one? An action plan will help you to visualise what you are doing and keep track of your achievements. To be totally effective, it must be a fluid document that is reviewed at regular intervals to ensure that it is always accurate, relevant and realistic. Furthermore, certain courses may be eligible for financial assistance, such as the SLC and ELC. In order to qualify for these allowances, you will have to prove your commitment to your studies. You must have a PDP in order to claim the ELC, in accordance with the ELC DCI. Remember, the PDP is your personal document, but with your permission it is recommended that a copy be held in your Personal Educational Folder, the F7269. Access to this will be restricted...
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...our global energy supply system and give developing countries access to affordable energy in support of the UN Millennium Development Goals. Renewable energy could meet almost half of global energy demand by 2050 according to the International Energy Agency’s ambitious BLUE MAP scenario published in Energy Technology Perspectives 2008. Under this scenario, world greenhouse gas (GHG) emissions are halved. By the end of the century, it is conceivable that global energy needs could be supplied mainly from renewable sources, although their contribution would vary from one region to another. Research and development (R&D) has a vital role to play if the potential of renewable energy is to be fully exploited. Policy measures, such as taxes, cap and trade schemes, obligations and feed-in tariffs, which take into account environmental impacts and, in particular, the social cost of carbon dioxide emissions, will contribute to faster deployment. However, investment in R&D will not be delivered by market signals alone; extensive support at the national and international levels is needed to accelerate the development of renewable technologies. R&D targeted at different stages of the innovation chain will yield benefits in the short-term (up to five years), medium-term (5–15 years); and in the longer term (15 years plus). R&D with a short-term focus is needed to improve technologies that are already technically proven. More mature technologies include wind energy...
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...Small to Medium Sized Companies Abstract In the recent years, small to medium sized companies (SMEs) play an important role in most countries over the world. It has been a vital policy issue for governments to deal with these companies to increase development of economy. The financial difficulties faced by SMEs have restricted SMEs’ survival and development. SMEs exist a series of financial problems. This article focus on how to obtain effective financial source and dealing with the difficulties in raising finance for Chinese SMEs. Key words: Small and medium-sized Companies (SMEs); Financing. Introduction SMEs are the necessary power for economy growth. As Beck and Demirguc-Kunt (2005, p2932) said that there was robust partial connection between the importance of SMEs in manufacturing and economic development. According to Ayyagari (2007), formal SMEs contribute to 50% of GDP on average in developing countries and World Bank views SMEs as a core element in developing economy and employment. In China, the number of registered SMEs exceeds 40 million, accounting for more than 99 per cent of enterprises. As a private sector, SME has become a driving force since the economy began to recover in 1978 (Fan, 2007). And it makes up more than 70 percept of the GDP. According to Brookfield, SMEs can be regarded as unquoted small businesses and a medium for self-employment of the owners that are organized by few individuals, typically a family group and act as a medium for self-employment...
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...CASE STUDY JENNIFER CHILDS PHARMACEUTICALS Contents * Breakdown of case study (Background) * The analyzing method * Model * Analyses of the case study (By method of comparison) * Projects * Product development * Production * operation * Marketing * Analysis of the projects (summary): * Question 1 * Question 2 * Question 3 Case study Breakdown of case study Jennifer Childs is the CEO of a mid-sized global pharmaceutical company that has offices and manufacturing plants in 8 countries. The company is moving in to new markets moving to a globalized company trend. The pharmaceutical company is experiencing and highly profitable year with $ 2 000 000 above projected profit margin. The focus is to use above profit for reinvestment into the company The CEO Jennifer Childs meets with 3 managers of the company to task them to present projects that focus to achieve the mission and vision of the company. The request for personal was given verbally Mission statement (themes) * Reduce cost * increased profit The analyzing method Used is the method where a scenario is established where by the preferred effective and efficient model for success to the requirements is established. This preferred model then is used to compare it to the case study and highlight where problems and issues exists, where by the case study is analyzed and core problems is highlighted Model: The model is based on effective, efficient...
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...Chapter-1 INTRODUCTION 1.1 Introduction The role of Small and Medium Enterprises (SMEs) loan is indispensable for overall economic development of a country particularly for developing countries like Bangladesh. Since this sector is labor intensive with short gestation period, it is capable of increasing national income as well as rapid employment generation; achieving Millennium Development Goals (MDGs) especially eradication of extreme poverty and hunger, gender equality and women empowerment. SME sector has played a vital role in economic development of some prosperous countries of Asia. Terming SME as ‘employment generating machine’ they stressed on SME development for higher economic growth, narrowing the gap of income inequality and poverty alleviation. The present government has also put much emphasis on the development of SME sector considering it as the driving force for industrialization. I have selected the Mercantile Bank. Students are required to prepare an internship report under the guidance of a supervisor on a selected subject matter to highlighting his experience and to conduct an in depth analysis on the subject matter. During my internship period I got the opportunity to work in SME department and I had an interest to prepare my internship report on the Small & Medium Enterprise (SME) Loan of Mercantile Bank Ltd. My supervisor Mr. Emran Ahmed, Lecturer, Department of Business Administration, World University of Bangladesh has allowed me to prepare...
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...CHAPTER 1 INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING IN A GLOBAL BUSINESS ENVIRONMENT MULTIPLE CHOICE 1. In comparing financial and management accounting, which of the following more accurately describes management accounting information? a. historical, precise, useful b. required, estimated, internal c. budgeted, informative, adaptable d. comparable, verifiable, monetary ANSWER: c EASY 2. Management and financial accounting are used for which of the following purposes? Management accounting Financial accounting a. internal external b. external internal c. internal internal d. external external ANSWER: a EASY 3. One major difference between financial and management accounting is that a. financial accounting reports are prepared primarily for users external to the company. b. management accounting is not under the jurisdiction of the Securities and Exchange Commission. c. government regulations do not apply to management accounting. d. all of the above are true. ANSWER: d EASY 4. Which of the following statements about management or financial accounting is false? a. Financial accounting must follow GAAP. b. Management accounting is not subject to regulatory reporting standards. c....
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...Module: Financial Management and Control Unit: Sources of Finance and Costing Concepts Lesson: Long-Term Sources of Finance © Resource Development International Ltd. (RDI) 2009 Long-Term Sources of Finance Introduction Page 1 of 7 Accounting is an essential function in any business - whether it is a sole trader or a multinational corporation. It involves two key concepts: Bookkeeping - where a detailed recording process is used to identify every financial transaction that takes place involving an organisation. This is a painstaking process requiring an excellent eye for detail, and measures the financial effects of economic activity. Financial reporting - where details of the financial activities of an organisation are collected and presented in a clear and concise manner for stakeholders and other interested parties. Within these concepts, accounting also develops the internal controls necessary in an accounting system, thus serving to minimise errors in recording the, often, large number of business transactions within an accounting period of a year. Appropriate internal controls will be developed to prevent the occurrence of theft, embezzlement, fraud and dishonest behaviour. These form an important part of the responsibilities of accounting. What do you consider the purpose of management accounting? Drury in Management and Cost Accounting has argued that Management Accounting consists of three functions: 1. Allocate costs between cost of goods sold and stock...
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...2015 presented Economic Survey of India 2014-15 Economic 2014 in the Parliament. The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programmes and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. Main Highlights of the Economic Survey 2014 2014-15 • • • • • • • Using the new estimate for 2014-15 as the base, GDP growth at constant market prices is expected to 2014 15 accelerate to between 8.1 and 8.5 percent in 2015 2015-16. Inflation declined by over 6 percentage points since late 2013 which is likely to remain in the 5-5.5 is 5 percent range in 2015-16, creating space for easing of monetary conditions. 16, The current account deficit declined from a peak of 6.7 percent of GDP in Quarter 3 of 2012-13 to an 2012 estimated 1.0 percent in the fiscal year 2015-16. 2015 After a nearly 12-quarter phase of deceleration, real GDP has been growing at 7.2 percent on average quarter since 2013-14, based on the new growth estimates of the Central Statistics Office. 14, Foodgrains production for 2014 2014-15 is estimated at 257.07 million tonnes, which will exceed average es, food grain production of last five years by 8.5 million tones Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest long rates which is reflected in yields on 10 10-year government securities and surge in equity prices...
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...role in their economic development. The majority of people in such countries are poor, unemployed and engaged in traditional agriculture. Image Courtesy : worldpropertychannel.com/news-assets/Commercial-Lending-bank.jpg There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting economic development. The role of a commercial bank in a developing country is discussed as under. 1. Mobilising Saving for Capital Formation: The commercial banks help in mobilising savings through network of branch banking. People in developing countries have low incomes but the banks induce them to save by introducing variety of deposit schemes to suit the needs of individual depositors. They also mobilise idle savings of the few rich. By mobilising savings, the banks channelise them into productive investments. Thus they help in the capital formation of a developing country. 2. Financing Industry: The commercial banks finance the industrial sector in a number of ways. They provide short-term, medium-term and long-term loans to industry. In India they provide short-term loans. Income of the Latin American countries like Guatemala, they advance medium-term loans for one to three years. But in Korea, the commercial banks also advance long-term loans to industry. In India, the commercial banks undertake short-term and medium-term financing of small scale...
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...combined with Risk Analysis, SWOT Analysis, an Urgency/Importancy Grid and expert knowledge about the organisation and its external factors. PESTLE Analysis is normally used to help organisations identify and understand the external environment in which they operate and how it will operate in the future. I believe that a version of PESTLE Analysis can be used by the individual for personal development planning. Some people will argue that this is a use for which it was never designed and for which it may be inappropriate. My answer to that is to “try it, it does work for PDP”. The shorter version is a PEST Analysis – missing out Legal and Environmental factors. At the end of this document is an explanation of the use of PESTLE for organisational change. How PESTLE may be used for PDP For PDP purposes view yourself as being ‘the organisation’ – an organisation subject to external factors, and internal factors. 1 For each of the 6 PESTLE factors brainstorm and identify 5-10 things which, based on existing knowledge, may change or are likely to change over the short term, medium term and long term. 2 Then assess/evaluate their likely impact/affect/relevance/importance on/to/for you. · Then narrow these down and rank them for importance/priority – so that each factor has 3 most important or most likely changes. · Then select/choose the most important or most likely 3 changes from across all factors. You may need expert knowledge for this or need to use risk analysis...
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...Introduction: In this phase we have to arrange the data for three different stores which we have selected for our final project of retail. We have to analyze all those factors which are important to understand while we as marketers visits to any store for any purchase purpose and to determine the availability of all those things which works as the eye catching view and leads customer to purchase from that particular store. Saddique departmental store Saddique department store is located in Zahid Colony near dhula chunk. This is one of the oldest shops which started its business in 1999. Then they expand in 2010 into a large retail store have the 2 shops and various warehouse near the store where they store all that martial which consume more space like the bags of flour and rice. Their target consumers for that particular store are all those households near there shop which include the Kashmir road, colony, calimaxabad and its surroundings. They started their business with the purpose to reduce the efforts of the households by providing their products near to them and they are tended to charge the minimum margin on their products while they are serving both types of customers. One who purchase on the bulk and the 2nd category is for those individuals who purchase for in minimum quantity. Selected Product: A We have selected two products in FMCG’s sector which Colgate and Close-up. We have going to do a complete audit of these two products on the mentioned shops on the prescribed...
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...Lawrence O.W. Lingad OSCA No.: 4635 M5.31 Managing Own Continuing Professional Development __________________________________________________________________________________ 1. Be able to review personal and work-related development experiences, aims, objectives and priorities. 2.1 Evaluate prior learning and work-related experience to identify personal strength and weaknesses in self-development. Humans by nature never stop learning; we undertake learning at different stages of our lives and acquire skills and competences in variety of areas. These learning may have been certified (by an academic or educational body) whilst others are not certified learning through work, social and leisure time activities. Recognising Prior Learning (RPL) is the process at which it recognises previous learning that has taken place in a formal or non-formal setting. Prior learning and work related experiences helps in identifying an individual’s strengths and weaknesses in self-development. Self development entails activities that improve awareness and identity, develop potentials and talents, build human capital that facilitate employability, enhancing quality of life to contribute in the realisation of goals and aspirations. As a student of Leadership and Management Level 5, I am gaining new knowledge that I will apply in my workplace. The advantage of prior learning is it validates the value of my learning and this will enable me to progress unto my profession or further my...
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...Access to Credit for SMEs: A study on Chitwan Based Enterprises Kapil Deb Subedi, HOD, Department of Management Saptagandaki Multiple Campus, TU Abstract Access to credit is crucial for the growth and survival of Small and Medium-sized Enterprises (SMEs). Thus policy makers attempt to pursue financial sector policies to propel financial intermediaries to extend more credit to SMEs. Access to credit still remains a challenge to SMEs especially those in developing economies and continues to dominate discussions both within business circles and policy makers. In Nepal, for instance, a survey by Ferrari et al (2006) entitled to “Access to financial services in Nepal” indicated that lack of adequate access to credit topped factors hampering the growth of small businesses in Nepal. The general objective of this study is to explore the situation of access to finance of SMEs for their innovation and entrepreneurship. It also examines the firm specific attributes of access to bank credit in Nepal by focusing on SMEs in the Chitwan District. The study employed the quantitative approach to research in which the convenience sampling criteria was employed to select seventy-two small firms from the Bharatpur Municipality of Chitwan district. The major findings for the study indicated that there exist significantly, positive relations between certain attributes of a firm and access to credits. There are also, some firm specific attributes such as industry sector, size, collateral...
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