12 YEARS A SLAVE Essay Example | Topics and Well Written Essays - 500 words

12 YEARS A SLAVE - Essay Example Additionally, the movie talks about the life of an enslaved educated Black man called Northup who later in life turned to abolish slavery in Louisiana. It is a fact that, many Black people have been killed and many have fought back against discrimination and sexual exploitation and these were the martyr’s who should be remembered according to Copleand. In the author’s eye, solidarity and unity is still a big issue for black people as they are mostly struggling to gain respect and acceptance within the white community. The book and film both tells us that, if one looks at history, many black people had taken the courage to fight for their rights and their effort should be taken as guidance by our community. In fact, black people are as valuable as white person from a religious perspective. In her book (Copeland,2010,pg.113) â€Å"Copeland’s theological anthropology assiduously reveals a carefully developed understanding of historic black bodies in relation to the body of Christ† The author in her book recommends that the history of martyr’s should lead the people to fight for solidarity and peace among each other. In the same way, the movie â€Å"Twelve Years of Slave† is a powerful one which communicates to the audience the life of a black slave. The movie is based on the book written by Solomon Northup where the experience of him as a slave is recounted. He was an educated man and stood firm against racial bias of white men in those times. This man can be taken as a role model as he was an educated and free man till his adult times but later turned in to freedom fighter for the slave community in Louisiana. His life was unusual as he was black person who got kidnapped and sold into slavery where he spent twelve long years in pain. Northup can be seen as a martyr as explained by Copeland and should be followed by new generation to find peace and solidarity in their

Reflective technique of listening Essay Example | Topics and Well Written Essays - 750 words

Reflective technique of listening - Essay Example The writer then goes on to explain empathy as the listener’s desire to understand the internal frame of mind of the speaker. The author explains the concept very well by giving examples of how empathy can be shown by saying phrases like â€Å"I follow you†; â€Å"I am with you†. He explains acceptance as accepting the person for what he is and not trying to judge him. It is closely related to empathy. When a person doesn’t try to judge the speaker; the speaker is encouraged to speak freely and discuss all aspects of the problem that he has been facing. Congruence is explained as being in the same external frame as you are internal. If you are angry, the writer feels it is better to tell the speaker than to show false sympathy as the speaker can always guess whether your concern is genuine or not. Concreteness is defined as the ability of the listener to focus on specifics rather than vague generalities and ideas. The listener should encourage the speaker t o be more specific in order to help him reach the root cause of this problem. The speaker may be trying to avoid it.In reflection, the listener should attempt to clarify and restate what the speaker is saying. I will not only assure the speaker that you are paying attention to what you are saying but will also clear your thoughts and help you to understand the speaker in a better way. Listening orientation and reflective listening are said to be mutually re-enforcing by the writer. One feeds on the other and helps the other to grow.... Congruence is explained as being in same external frame as you are internally. If you are angry , the writer feels it is better to tell the speaker than to show false sympathy as the speaker can always guess whether your concern is genuine or not. Concreteness is defined as the ability of the listener to focus on specifics rather than vague generalities and ideas. The listener should encourage the speaker to be more specific in order to help him reach the root cause of his problem. The speaker may be trying to avoid it. In reflection the listener should attempt to clarify and restate what the speaker is saying. I will not only assure the speaker that you are paying attention to what you are saying but will also clear your thoughts and help you to understand the speaker in a better way. Listening orientation and reflective listening are said to be mutually re-enforcing by the writer. One feeds on the other and helps the other to grow. The listener should try to react to only personal comments made by the speaker such as â€Å"I am worried about the job†. Instead of focusing on how is job is; reflective listening encourages the listener to focus on the worried part. Reflective listening basically lets the speaker take ownership of the problem. So the writer says that the listener should never try to lead the conversation but should only respond whenever necessary. These responses should be limited and should only be there to encourage the speaker to continue speaking. The most important aspect of reflective listening mentioned by the writer is to acknowledge; understand and respond to the feelings of the speaker rather than the actual content of what he is

The Recent Recession and the Economics of Developing Countries Essay Example for Free

The Recent Recession and the Economics of Developing Countries Essay This paper will be looking into the phenomenon of the recent US recession in light of its relationship with the economies of developing countries. It seems that Keynesian Economics managed to save the US Economy from the inefficiencies caused by the free market economy, but how can such a tragedy be handles in small developing countries wherein governments don’t have the same resources to bailout corporations? This writer believes that it is important to analyze the repercussions of this phenomenon as there are many developing countries whose development and more specifically their economies , are modeled after the economy of the United States. In Episode 1, â€Å"The Battle of Ideas,† we saw that Keynes believed that the private sector decisions sometimes lead to unproductive macroeconomic outcomes and therefore, he advocated active policy solutions by states or governments. It was followed by huge economies in order to survive the Great Depression of the 1930s but was dismissed in the late 1970s-1980s (and seemingly) until now for the free market economy or with what Hayek has been advocating decades back. But recently, due to the economic recession that the US and much of the world’s huge economies experienced, it would seem that Keynes can be correct after all. This can be illustrated by the fact that without numerous bailouts from the federal government, US capitalism would have collapsed under its own knees. This statement in Episode 1 by Robert Skidelsky is worth saying to those who have scoffed at Keynes in the years before this recent recession (2007-present), â€Å"Hayek always rejected macroeconomics. He rejected any government intervention during the Great Depression itself, whereas Keynes was an activist. He said in the long run were all dead, and in the long run if we allow things to go on without remedy, we get lots of Hitlers, lots of wars, and lots of Stalins. And who was right? â€Å" What the US Federal government did in bailing out the almost bankrupt financial institutions was much like what Keynes (as mentioned in â€Å"The Battle of Ideas†) has been advocating: Governments should spend against the wind. In good times they should reduce their spending and build surpluses; in bad times, like the Great Depression, they should step up spending, run deficits, and put purchasing power into the hands of working people. † It is worthwhile to first look at the long history of rivalry between Keynesian and Classical/Neo-Classical Economics. Before the Great Depression of the 1930s, the market was left alone (‘laissez faire’) as was advocated by Classical Economists like David Ricardo and Adam Smith until the Great Depression occurred. Industries collapsed, the thriving economy in a slump,jobs lost, people went hungry. After the Great Depression, government adapted the Keynesian Economics and resuscitated the economy back to life. All was well and until the economies become stagnat and inflation sky-rocketed. When welfare states and dependent economies failed, it was the free market economy that went on to give life to sick economies. The transition to this was difficult as we have learned from â€Å"The Agony of Reform†. There may be three reasons that can be pointed out why struggling economies found it difficult to make the transition from having a state-run economy into letting the market work by it : 1. From Episode II, The Agony of Reform† we can see the first reason may be the fear of the shock that the change will make. Price of essential needs will inevitably skyrocket at first while the market evens out itself after price controls have been lifted as what happened to Bolivia. 2. The second reason is the political context in the country wherein the transition will be made. Political leaders fear that they will lose power because of the discontent or worry of people caused by the sudden impact of the transition from state-run economy to market economy (As such with the leadership of Nixon and other Latin American Countries). 3. The third reason is that the leaders themselves have gotten used to dependency and conservatism and are afraid to take risks. The same seems to be true for their citizens. Another reason, I think, that was a factor for struggling economies’ (at least those in the Latin Americas) difficulties in making the transition was because they are pressured into following models prescribed by the bigger and stronger economies such as Britain and the US. In this shift from one paradigm to another, we have seen that the most difficulty was experienced by the developing countries during that time (as shown in the film, particularly Latin America). Going back to the present situation of economies today, there great curiosity on what will happen next with economic giants such as US and UK but how about developing countries? Most developing countries are highly dependent on direct foreign investments. When economies of developed countries are doing well, the supply of investment for developing countries go up but during a recession, supply of investment for developed countries go down. As developing countries are highly dependent on agriculture and usually without their own national industries, lack of foreign investments coming in would mean loss of jobs and decrease in the Gross National Income. No jobs would mean fewer taxes for the government and less support for its jobless citizens on social services. It is indeed a cycle of poverty. This is what happens to developing countries. Due to lack of their own national industries, they do not even have corporations to bail out. Instead, they seem to be mere extensions of the bigger economies instead of being equally connected as is ideal in a globalized economy that is being advocated by the World Bank and the International Monetary Fund. Right now, I believe that developing countries should encourage its own citizens to take part in their economy through small and medium-scale enterprises in order for their economy as they encourage foreign investment. This is for them to have a fall-back in times of a global recession. Also through this way, people will not be so dependent on foreign investment in providing jobs for them. In our course, I have learned the different macroeconomic theories that have worked and failed through the years. Through historical analysis and study of the positive and negative sides of the theories and their applications, I believe that the same obstacles will be faced. Thus the importance of carefully reviewing economic policies that have worked and following or enhancing them and also making sure that those policies that have failed are not enforced again. In order to overcome these obstacles, a balance with the private and the public sector in the economy should be achieved after all, too much of anything can never be good. History has shown us that markets fail because of the abuse of some corporations in their quest for more financial gains therefore better business ethics on the part of corporations should be promoted. On the part of the government/state, regulatory boards and committees should always be present, the roles of which are to draft â€Å"loose† rules particular for each industry in order to ensure that no abuse by market players are being done. By â€Å"loose†, it is meant that these rules should be more of a monitoring mechanism rather than controlling. By establishing institutions such as these, recessions or market inefficiencies can be avoided, also saving the state the need to majorly interfere through providing financial help to the market by creating stimulus programs or bailouts. I believe that achieving the balance between the application of Keynesian and Free Market Economics (Neo-Classical) will ensure the stability of markets thus ensuring development of all nations. .

Public and private sector banks in india

Public and private sector banks in india Financial Institutions Services A comparative Study on Public and Private Sector Banks in India Public Sector A public sector enterprise is an organisation which is Owned by public authorities including Central, State or Local authorities, to the extent of 50% or more; Is under the top managerial control of owning public authorities Is established for the achievement of a definite set of public purpose Is consequently placed under a system of public accountability Is engaged in an activity of business character Private Sector The private sector enterprise is an organisation which is owned, managed controlled by private individuals or a group of individuals or both. This is also engaged in business activity but with the motive of profit maximisation rather than public service like in case of public sector enterprise. Objectives of Public Sector Enterprise Helps in rapid economic growth industrialisation of the country creation of necessary infrastructure for economic development, To earn return on investment thus generate resources for development, To promote redistribution of income and wealth, To create employment opportunities, To promote balanced regional development, To promote import substitution, save and earn foreign exchange for the economy Acts as a countervailing force and put up an effective competition to undertakings in private sector and To gain control over the commanding heights of the economy. The following are the list of Public Sector Banks in India Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharastra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab Sind Bank Punjab National Bank Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank List of State Bank of India and its subsidiary, a Public Sector Banks State Bank of India State Bank of Hyderabad. State Bank of Indore. State Bank of Mysore. State Bank of Saurastra. State Bank of Travancore. State Bank of Bikaner Jaipur. Private Bank The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was Housing Development Finance Corporation Limited, to set up a bank in the private sector banks in India as part of the RBIs liberalization of the Indian Banking Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995. ING Vysya, yet another Private Bank of India was incorporated in the year 1930. Bangalore has a pride of place for having the first branch inception in the year 1934. With successive years of patronage and constantly setting new standards in banking, ING Vysya Bank has many credits to its account. List of Private Banks in India BANK OF PUNJAB. BANK OF RAJASTHAN. CATHOLIC SYRIAN BANK. CENTURION BANK. CITY UNION BANK. DHANALAKSHMI BANK. DEVELOPMENT CREDIT BANK. FEDERAL BANK. HDFC BANK. CICI BANK. NDUSIND BANK. NG VYSYA BANK. AMMU KASHMIR BANK. KARNATAKA BANK. KARUR VYSYA BANK. LAXMI VILAS BANK. SOUTH INDIAN BANK. UNITED WESTERN BANK. UTI BANK . PUBLIC BANK Allahabad Bank Established on April 24, 1865 in Allahabad by a group of European, Allahabad Bank is also the oldest Joint Stock Bank of India .Allahabad Bank is one of the leading banks in India. Allahabad Bank was one of those. Currently it offers a whole range of financial services to thousands of customers across the nation through its 2260 branches, besides its Internet banking services. In the year 1969, the Government of India nationalized 13 commercial banks Allahabad Bank has its headquarter located in Kolkata. Brief History After its establishment in 1865, Allahabad Bank became a part of P O Banking Corporation in 1920 with a bid price of Rs. 436 per share. In 1923, considering the business opportunities, the headquarter of the bank was shifted to Kolkata. On July 19, 1969, when the Government of India nationalized Allahabad Bank along with 13 other banks, it had 151 branches across the nation with deposits of Rs. 119 crore and advances of Rs. 82 crore. In 1989, United Industrial Bank Ltd. merged with nationalized Indian bank. Allahabad Bank also instituted a wholly owned subsidiary for Merchant Banking, called Allahabad Bank Finance Ltd. Allahabad Bank released its first Initial Public Offer (IPO) of 10 crore (face value Rs. 10 per share) in October, 2002. It reduced the Government shareholding to 71.16%. It again released Follow on Public Offer in April, 2005 of 10 crore equity shares . It again reduced the Government shareholding to 55.23%. It was June, 2006 when the Allahabad Bank went international to open up its first Representative Office at Shenzen in China. In October, 2006, Allahabad Bank went high-tech for roll out its first branch under Core Banking Service. It opened up its first overseas branch at Hong Kong in February 2007. In March 2007, the business of Allahabad Bank crossed Rs. 1,00,000 crore mark. Products Following are the list of products offered by Allahabad Bank to its customers: Deposit Products Flexi-Fix Deposit. Rs. 5 Banking. All Bank Mahila Sanchay Account. All Bank Vikash SB Account. All Bank Premium Current Accounts. Current Plus Deposit Scheme. Sishu Mangal Deposit Scheme. Retail Credit Products Housing Loan. Education Loan. Car Loan. Personal Loan for Pensioners. Personal Loan for Doctors. Loan Against NSC/KVP. Allahabad Bank Rent Loan. Allahabad Bank Property Scheme. Allahabad Bank Furnishing Loan. Gold Loan Scheme. Allahabad Bank Mobile Scheme. Overdraft Facility in SB Accounts. Allahabad Bank Abhushan Scheme. Allahabad Bank Trade Schem. Allahabad Bank Gyan Dipika Scheme. Allahabad Bank Reverse Mortgage Scheme. Other Credit Products Allahabad Bank-Expo. Allahabad Bank Kisan Shakti Yojana. Allahabad Bank Kisan Credit Card. Other Services The Following are the list of other services offered by Allahabad Bank. Depository Services. Depository Services. Visa Debit Cum ATM Card. Gold Card Scheme for Exporters. Charter for MSMEs. Government Business. National Electronic Funds Transfer. Regional MSME Care Centres. MSME Care Centre in Jharkhand State for All Banks. All Ayshman Bima Yojana. Cash Management Services. Real Time Gross Settlement. Corporate Details: Bank of Baroda India from an organization based on private capital and state ownership, at present is embodiment of enterprise and corporate governance, situated in Mumbai. The new logo of the bank comprises dual B alphabet, holding the sun rays. It was founded by Maharaja Sayajirao Gaekwad in 1908 in Baroda. It is referred as the Baroda Sun. Activities: The general product and services offered by the Bank of Baroda India are, Corporate wholesale banking, deposits, loans and advances, appraisal and merchant banking, cash management and remittances. Personal deposits, Gen-Next Services, retail loans, credit cards, debit cards, Baroda Health, Multi City Cheque , lockers. Business deposits, loans and advances, Multi City Cheque, BoB money express, Collection services, ECS, lockers. International NRI services, FCNR loans, offshore banking, export and import finance, international treasury. Treasury domestic and forex operations. Rural deposits, priority sector advances, remittances, pension, lockers. Performance: The Baroda bank secured the ISO 9001:2000 certification for its15 branches, and by the end of 2007 it has a target to achieve this quality mark for 54 more branches. Financial Highlights the business results of the Bank of Baroda India as recorded on 31st March, 2006 are, the total deposits Rs.93,661.99crores, total advances Rs. 59911.78 crores, total investments Rs.35114.22 crores, total assets Rs.113392.53 crores and net profit Rs.826.96 crores. Andhra Bank Andhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. The Bank crossed many milestones and the Banks Total Business as on 30.06.2008 stood at Rs.83,256 Crores with a Clientele base over 1.74 Crores.The Bank is rendering services through 2139 Business Delivery Channels consisting of 1371 branches, 66 Extension Counters, 38 Satellite Offices and 664 ATMs spread over 21 States and 2 Union Territories as at the end of June, 2008. To provide value-added services to Customers, the Bank has set up its own 664 ATMs as on 30.06.2008. Of which 03 Mobile ATMs and two with Biometric access. Besides, ATM sharing arrangements with several Banks including SBI group, IDBI Bank, UTI Bank, HDFC Bank, Indian Bank and others under National Financial Network Switch covering 24856 ATMs.All Branches are 100% computerized, 1186 units viz., 1101 Branches, 68 Extension Counters, 15 Service C entres networked under Cluster Banking solution and providing Any Branch Banking. Real Time Gross Settlement Facility and National Electronic Fund Transfer facility has been introduced in 723 Branches. Bank is migrating to Centralized Core Banking Solution 118 Branches have already migrated to CBS. It is proposed to cover 550 branches by September 2009. This will benefit the customers, who will have access to banking and financial services anytime, anywhere through multiple delivery channels.[clarification needed] Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981 . Our Bank introduced Internet Banking Facility to all customers of cluster linked branches.[clarification needed] Rail Ticket Booking Facility is made available to all debit card holders through IRCTC Website through a separate gateway. Corporate Website is available in English, Hindi and Telugu Languages communicating Banks image and information. Bank has been given BEST BANK AWARD a banking technology award by IDRBT, Hyderabad for extensive use of IT in Semi Urban and Rural Areas on 02.09.2006.[citation needed] IBA Jointly with TFCI has conferred the Joint Runner-up Award to the Bank in the Bet Payments initiative in recognition of outstanding achievement of the Bank in promoting ATM Channel.Bank successfully conducted Bancon 2006, a two day event at Hyderabad, deliberating on Inclusive Growth A New Challenge. Kiddy Bank Scheme, with insurance benefits, was relaunched to inculcate savings habit among the children. Bank has mobilized nearly 90000 new accounts during 2007-08.[citati on needed] As a part of Financial Inclusion, Bank adopted two districts, namely, Srikakulam in Andhra Pradesh and Ganjam in Orissa and achieved 100% coverage. Bank has introduced Smart Card Scheme Pilot project in Warangal District and the same will be extended to other Lead Districts in due course. Bank has opened 2.11 lakh accounts under No-frill accounts category till 30.06.2008. Andhra Bank, along with A P State Government, NABARD, Canara Bank, Indian Bank, IOB and SBH sponsored the Andhra Pradesh Bankers Institute of Entrepreneurship Development, which will offer training to unemployed youth for improving their skills in Andhra Pradesh. Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh birth place of Dr.Bhogaraju Pattabhi Sitaramayya for all-round development. A comprehensive budget with an outlay of Rs.5.50 Crore is finalized for improving health, sanitation, education and social service facilities in the village. Bank has been ranked No.1 in terms of number of Life Insurance Policies mobilized amongst all the Agency Banks dealing with Life Insurance Corporation of India. Bank also has tie-up with United India Insurance Company Limited under Bancassurance. Bank was ranked 532nd for the year ended 31.03.2007 amongst Top 1000 Banks in the world by The Banker a London based publication based on Tier I Capital as defined by Basels Bank for International Settlements . Bank is in the process of forming a Joint Venture in Malaysia in association with Bank of Baroda and Indian Overseas Bank. The Bank opened its Representative Office in Dubai in May, 2006 and Representative Office at Jersey City, New Jersey (U S A),in June 2009. Bank feels United States would be an ideal location as Andhra Bank has been a household name among many NRIs there. A foothold in New Jersey is strategic for the 84 year old bank as it has a large number of non resident Indians from Andhra Pradesh. Thus Bank accords utmost concern to customer satisfaction by offering innovative and need based financial products and services using state-of-the art technology. Deposit Schemes Savings Accounts Current Accounts Term Deposits Arogyadaan Scheme Bancassurance Life Bancassurance (Non Life) Bank of India Bank of India was established on 7th September, 1906 by a group of reputed businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks. It is starting with just one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees; the Bank has made fast progress over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. The Bank gets a premier position among the Nationalized Banks in India. Main Activities Amongst the standard services provided by Bank of India the special service that it provides is Multi Branch Banking. Multi Branch Banking service is available to customers of networked branches of the Bank. Under this service, the customer of one branch will be able to transact on his account, from any other networked branch of the Bank. This facility is at present available at 200 cities/towns across the country. A list of MBB branches is available at the end of this page. Services available in MBB Cash Deposits Cash Payments Transfer Of Funds Statement of A./c For a Given Period. Balance Inquiry. Marking Stop Payment Of a Cheque. Fate Of a Cheque. Other Value Added Services such as â€Å"Centralized Telebanking†, â€Å"SMS Banking†, â€Å"PC Banking† would also be available at these networked branches. Performance Since mid-2005, these employees have been seeking low cost deposits. It was chiefly due to this that the bank was able to outperform the industry with a 78 per cent growth in net profit for the third quarter of the current year,2006. After Bank of India introduced Core Banking Software, many employees became redundant. The bank redeployed about 1,200 of them into marketing. This kept the cost of funds under control. Further, the bank had been very selective about credit expansion in 2005-06, when advances grew 23 per cent, lower than the industry average. At a press conference, BOIs Chairman and Managing Director, Mr M Balachandran, said that current account deposits grew 32 per cent during the quarter. Punjab National Bank of India Punjab National Bank of India, the first Indian bank started only with Indian capital, was nationalized in July 1969 and now the bank has become a front-line banking institution in India with 4525 Offices including 432 Extension Counters. The corporate office of the bank is at new Delhi. Punjab National Bank of India has set up representative offices at Alm Kazakhistan Shanghai and in London and a full fledged Branch in Afghanistan Activities: Current Account PNB Smart Roamer, PNB Vaibhav, PNB Gaurav Fixed Deposit Schemes Mahabachat Schemes, Spectrum Fixed Deposit Scheme, Anupam Account, Multi Benefit Deposit Scheme. Credit Schemes PNB Flexible Housing Loan, Car Finanace, Personal Loan. Social Banking Krishi Card, PNB Farmers Welfare Trust, Mahila Udyam Nidhi Scheme Corporate Banking EXIM finance, Gold Card scheme for exporters. Business Sector PNB Vikas Udhami, PNB Karigar credit card, PNB Kushal Udhami, PNB Pragati Udhami. Savings Fund Account PNB Prudent Sweep, Total Freedom Salary Account, PNB Vidyarthi SF Account, PNB Mitra SF Account. Performance: The total expense was Rs. 2830.44 crore and the net profit was Rs.237.70 crore.The total income of the Punjab National Bank of India as recorded in the quarter ending 31st march 2007 was Rs. 3712.79 crore as compared to Rs. 2926.93 crore on 31st march 2006. The Punjab National Bank of India has launched the concept of Any Time, Any Where Banking through the introduction of Centralized Banking Solution and has recently introduced On line Payment Facility for railway reservation through IRCTC Payment Gateway Project and On line Utility Bill Payment Services, allowing Internet Banking account holders to make their payments anytime from anywhere. Another step taken by Punjab National Bank of India is the launch of its ATM- cum- Debit card. Private Banks in India Initially all the banks in India were private banks, which were founded in the pre-independence era to cater to the banking needs of the people. In 1955, after the declaration of first-five year plan, Imperial Bank of India was subsequently transformed into State Bank of India. In 1921, three major banks i.e. Banks of Bengal, Bank of Bombay, and Bank of Madras, merged to form Imperial Bank of India. In 1935, the Reserve Bank of India was established and it took over the central banking responsibilities from the Imperial Bank of India, transferring commercial banking functions completely to IBI. Allahabad Bank, Canara Bank, Central Bank of India, etc. Thus, public sector banks revived to take up leading role in the banking structure. In 1980, the GOI nationalized 6 more commercial banks, with control over 91% of banking business of India. Following this, occurred the nationalization of major banks in India on 19 July 1969. The Government of India issued an ordinance and nationalized the 14 largest commercial banks of India, including Punjab National Bank . In 1994, the Reserve Bank Of India issued a policy of liberalization to license limited number of private banks, which came to be known as New Generation tech-savvy banks. Global Trust Bank was, thus, the first private bank after liberalization; it was later amalgamated with Oriental Bank of Commerce . Then Housing Development Finance Corporation Limited became the first to receive an in principle approval from the Reserve Bank of India to set up a bank in the private sector. At present, Private Banks in India include leading banks like ICICI Banks, ING Vysya Bank, Jammu Kashmir Bank, Karnataka Bank, Kotak Mahindra Bank, SBI Commercial and International Bank, etc. Undoubtedly, being tech-savvy and full of expertise, private banks have played a major role in the de velopment of Indian banking industry. They have made banking more efficient and customer friendly. In the process they have jolted public sector banks out of complacency and forced them to become more competitive. Major private banks in India are: Bank of Rajasthan A leading private sector bank, the Bank of Rajasthan was founded on the auspicious day of Akshya Tritiya on May 8, 1943, at Udaipur. Shri Rai Bahadur P.C. Chatterji, the then finance minister of the erstwhile Mewar Government, extensively contributed towards the establishment of the Bank. Catholic Syrian Bank With the Swadeshi Movement of early 20th century as its base, Catholic Syrian Bank was incorporated on 26th November 1920, in the Thrissur district of Kerala. The bank commenced its operations on 1st January 1921, with an authorized capital of Rs. 5 lakhs and a paid up capital of Rs. 45270. Dhanalakshmi Bank Limited The foundation of Dhanalakshmi Bank Limited was laid down on 14th November 1927in Kerala. A group of innovative entrepreneurs had started the bank with a capital of Rs.11,000 and only 7 employees. Federal Bank Federal Bank Limited was founded as Travancore Federal Bank Limited in the year 1931, with an authorized capital of Rs. 5000. It was established at Nedumpuram, a place near Tiruvalla, in Central Travancore (a princely state later merged into Kerala), under Travancore Companys Act 1956. HDFC bank Housing Development Finance Corporation Limited, more popularly known as HDFC Bank Ltd, was established in the year 1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India . It was one of the first banks to receive an in principle approval from RBI, for setting up a bank in the private sector. ICICI Bank ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Banks shares to the public, ICICIs shareholding was reduced to 46%. In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange . ING Vysya Bank ING Vysya Bank Ltd came into being in October 2002, when erstwhile Vysya Bank Ltd was merged with ING, a global financial powerhouse boasting of Dutch origin. Vysya Bank Ltd, one of initial banks to be set up in the private sector of India Jammu and Kashmir Bank The origin of Jammu and Kashmir Bank Limited, more commonly referred to as JK Bank, can be traced back to the year 1938, when it was established as the first state-owned bank in India. The bank was incorporated on 1st October 1938 and it was in more precisely on 4th July 1939. It commenced its business, in Kashmir (India). Karnataka Bank Karnataka Bank Limited is a leading private sector bank in India. It was incorporated on 18th February 1924 at Mangalore, a town located in the Kannada district of Karnataka. The bank emerged as a major player during the freedom movement of 20th Century India. Karur Vysya Bank The Karur Vysya Bank Limited commonly known as KVB was set up by Late Shri M.A. Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar, the two great visionaries in 1916 in Karur, a textile town in the Tamil Nadu state of India. Kotak Mahindra Bank Kotak Mahindra Bank is one of Indias leading financial private banking institutions. It offers banking solutions that covers almost every sphere of life. Some of its financial services include commercial banking, stock broking, mutual funds, life insurance and investment banking. SBI Commercial and International Bank SBI Commercial and International Bank, SBI Commercial is a completely owned private auxiliary of Indias biggest banking and financial services set up, the State Bank of India. Established in 1995 to back SBIs corporate and international banking services, the SBI Commercial and International Bank is the only bank in India to be been awarded ISO-9002 quality systems certification for the Bank as a whole UTI Bank Axis Bank was formed as UTI when it was incorporated in 1994 when Government of India allowed private players in the banking sector. The bank was sponsored together by the administrator of the specified undertaking of the Unit Trust of India, Life Insurance Corporation of India (LIC) and General Insurance Corporation ltd. Yes Bank Yes Bank is one of the top most private Indian banks. Awarded by the only Greenfield license award by RBI in last 14 years, this bank is established and run by Rana Kapoor and Ashok Kapur with the financial support of Rabobank Nederland, the worlds single AAA rated private Bank. Citibank India Citibank India, since 1902, is at present one of the leading consumer finance lender providing its customers best products and services. Activities: The Citibank India offers a varied range of financial assistance to its customers like: Banking Suvidha Account, Debit Cards, Citibanking, Citi Gold Wealth Management Citi Business Current Account, Loans, CitiBusiness Card NRI Services Rupee Checking Account, India Deposits Online Services Internet Banking, Bill Payment, Statement on E-mail, E-Commerce, Citi Alert Credit Cards Citibank Gold Card, Jet Airways Citibank Gold Card, Hutch Citibank Card, Indian Oil Citibank Card, Shoppers Stop Citibank Card, MTV Citibank Card, Citibank Silver International Card, CRY Card, WWF Card, Times Card, Citibank Cricket Visa Card Deposit Accounts Savings Accounts, Current Accounts, and Term deposits. Loans Personal Loans, Home Loans, Loan against property, Auto Loan, Ready Credit Investments Mutual Funds, Demat. Insurance Life Insurance Solutions, Credit Insurance, Health Insurance, Travel Insurance. Performance: There is a relationship manager who guides the clients on the investment issues along with foreign exchange, transaction requests and trade services. Citibank India by launching the CitiBusiness Card have for the first time offered the customers a vast range of benefits, services, business intelligence, deals and discounts that are generally at the disposal of large corporations so far. Moreover without paying any extra charges the customers are assured of world-class transactional convenience like pay orders, demand drafts and payable-at-par cheques .There is a relationship manager who guides the clients on the investment issues along with foreign exchange, transaction requests and trade services WAYS OF PRIVATIZATION DISINVESTMENT CONTRACTING FRANCHISING PREMITING PRIVATE SECTOR ENTER INTO PSU RESERVED AREA LIQUIDATION LEASING NEWS RELATED BANK Banking Sector in Budget 2008 The Union Budget of India for the year 2008-2009 was announced by the Indian Finance Minister, Mr. P Chidambaram, on 29th February 2008. The policies and initiatives taken in the Union Budget of India 2008-2009 on the Indian Banking sector were in tandem with the requirements of the Indian economy. Small and marginal farmers have been relieved of all farm loans, disbursed till March 2007 and also all loans, which are due till December 2007 and was unpaid till February 2008. These farm loan waivers would be facilitated by all the concerned Public Sector Banks and Regional Rural Banks of India. A total of Rs 60,000 crores would be waived-off under such scheme. The settlement of these loan-waivers will be offered through special type of scheme. Further, the Public Sector Banks and Regional Rural Banks of India were also suggested, to bring within their fold, a minimum of 250 rural household accounts at every branch every year. The Indira Awas Yojana was brought under the ambit of Public Sector Banks. Loan limit up to Rs 20,000 per unit at 4% interest was fixed under differential rate of interest (DRI) scheme. The Finance Minister also advised the Indian PSU Banks to open 288 branches in minority districts of India. Further, he also asked the Indian banking industry to embrace total financial inclusion. In another landmark decision, the Finance Minister, Mr. P. Chidambaram said that the Ex-banking servicemen in India would be offered employment opportunities in the banking sector. Another major announcement was that, the much talked-about Banking Cash Transaction Tax (BCTT) would be withdrawn from the financial year 2009-2010. Experts believe the impact of the decisions and policies taken during the Union Budget of India 2008-2009 on the Indian Banking sector would be mixed. It is expected that the Indian PSU banks will face pressure on their net interest margins due to the waiving-off of agricultural loans. Further, the cumulative cost that will be incurred for opening up of new Regional Rural Banks in India may substantially increase the operating cost for the banks. The inclusion of the Indira Awas Yojana houses under the differential rate of interest scheme and at 4% interest will increase the proportion of sub-PLR lending for the concerned banks. The major Public Sector Banks of India like the State Bank of India, Bank of Baroda, Punjab National Bank may see their net interest margins shrinking till the subsidy for waiver of agricultural loans is being completely released. Moreover, experts are skeptical about the long term benefit of such agricultural loan waiver as offered through the Union Budget of India 2008-2009. The Development Credit Bank, a private sector lender has launched its credit card business called DCB Advantage Card on 4th March 2008. The Bank has tied up with ICICI Bank in order to extract the best skills out of it as well as to utilize its experience for a successful execution of the task. The credit card business launched by the Development Credit Bank is available to all its potential customers all across India. The credit card holders of DCB will enjoy a wide

Compare Romeo And Juliet and Much Ado About Nothing :: comparison compare contrast essays

Compare Romeo And Juliet and Much Ado About Nothing There are many similarities between Shakespeare's Much Ado About Nothing and Romeo and Juliet. Was this Intentional or Accidental? Even though Much Ado About Nothing is a comedy, and Romeo and Juliet, is one of his saddest tragedies, the two plots share many common incidents. Did Shakespeare mean to have these coincidences or did they happen by accident? In both of his dramatic works, the Masque is a key element furthering the infatuation of the lovers. Also the balcony scenes in both plays are crucial because without them the plot could never have reached its denouement. It seems that God came into both of the plays in the spirit of the friars, because they had good plans to keep love together. In both plays, the masque functions as a dramatic device which initiates the love plot. It occurs in a social gathering, but not without the help of costumes. If it were not for costumes the result of love might have been drastically different. How was the masque used to get lovers together? In the case of Romeo and Juliet, Romeo hears about the masque and decides to go, thinking that he might be able to get away with this scheme. Upon entering he sees Juliet and right away, he knows it is love. If he had not worn the costume, the hosts might have ejected him from the party and he might not have met Juliet. Much Ado About Nothing has a similar but also different approach towards love at the masque. In Much Ado, Count Claudio is not able to gather the courage to court Hero. Instead Don Pedro, who is one of Claudio's very close friends, offers to go and woo Hero for his friend. This point is illustrated by Don Pedro for his great plan to get Claudio and Hero together "Thou wilt be like a lover presently/ And tire the hearer with a book of words. . .. That thou began'st to twist so fine a story? "1 Don Pedro's costume allows him to woo Hero, posing as Claudio. Balcony love scenes are familiar from both plays. The love was disparate in each of Shakespeare's plays. Compare Romeo And Juliet and Much Ado About Nothing :: comparison compare contrast essays Compare Romeo And Juliet and Much Ado About Nothing There are many similarities between Shakespeare's Much Ado About Nothing and Romeo and Juliet. Was this Intentional or Accidental? Even though Much Ado About Nothing is a comedy, and Romeo and Juliet, is one of his saddest tragedies, the two plots share many common incidents. Did Shakespeare mean to have these coincidences or did they happen by accident? In both of his dramatic works, the Masque is a key element furthering the infatuation of the lovers. Also the balcony scenes in both plays are crucial because without them the plot could never have reached its denouement. It seems that God came into both of the plays in the spirit of the friars, because they had good plans to keep love together. In both plays, the masque functions as a dramatic device which initiates the love plot. It occurs in a social gathering, but not without the help of costumes. If it were not for costumes the result of love might have been drastically different. How was the masque used to get lovers together? In the case of Romeo and Juliet, Romeo hears about the masque and decides to go, thinking that he might be able to get away with this scheme. Upon entering he sees Juliet and right away, he knows it is love. If he had not worn the costume, the hosts might have ejected him from the party and he might not have met Juliet. Much Ado About Nothing has a similar but also different approach towards love at the masque. In Much Ado, Count Claudio is not able to gather the courage to court Hero. Instead Don Pedro, who is one of Claudio's very close friends, offers to go and woo Hero for his friend. This point is illustrated by Don Pedro for his great plan to get Claudio and Hero together "Thou wilt be like a lover presently/ And tire the hearer with a book of words. . .. That thou began'st to twist so fine a story? "1 Don Pedro's costume allows him to woo Hero, posing as Claudio. Balcony love scenes are familiar from both plays. The love was disparate in each of Shakespeare's plays.

Decision Support Systems :: essays research papers

Decision Support Systems (DSS) A Decision Support System (DSS) is an information system at the management level of an organization that combines data, analytical tools, and models to support semistructured and unstructured decision-making. A DSS can handle low volume or massive databases optimized for data analysis. DSS has more power than other systems. They are built explicitly with a variety of models to analyze data or they condense large amounts of data into a form where they can be analyzed by decision-makers. DSS are designed so that the user can work with them directly. In the proceeding paragraphs I will give examples of some decision support systems and how they are being used. Integrated Decision Support Corporation (IDSC) is a company that provides decision support software to the truckload transportation industry. IDSC focuses on providing superior decision making software by creating state of the art optimization algorithms. IDSC released a product called NETWISE 3.0 in response to shippers requesting packaged and conditional bids, carriers having a difficult time selecting the lanes that compliment their current network, and determining the dedicated opportunities within a bid. NETWISE 3.0 are a decision support tool used in the analysis of profitability, pricing, and network balance. Companies were having a problem of having their carriers spend countless hours of manpower responding to single bid. NETWISE 3.0 addresses this issue by providing them with an enterprise software package that provides the with the same opportunities as the shipper. IDSC solved the problem of having the carrier determine how to price a lane so that it appears attractive to the shipper and yet still be profitable. During the bid preparation process, NETWISE utilizes a data correction engine that provides an intelligent search for city names and postal codes. Overall NETWISE provides users with a tool that significantly reduces the amount of time required to process a shipper bid. This allows item to be spent on the strategic issues instead of the monotonous details. NETWISE provides an intelligently discipline to the pricing process, resulting in a excellent solution for responding to shippers bids, or determining appropriate annual or daily pricing action. Innovative Systems Techniques (Insyte) designs and installs database management and decision support systems using Vision, their object oriented database technology. As both a technology developer and systems implementers, they uniquely offer clients access to their Vision technology and the direct involvement of their Vision TECNOLOGY and the direct involvement of their Vision Vision TECNOLOGY nad of their highly capable staff.

Susan’s intervention plan

Reply to Response #1 I agree with you. Susan’s intervention plan is a good one and might just work given the necessary support from everyone concerned. Carl is not a hopeless case. His having been diagnosed with a behavior disorder which was apparently caused by his parents’ divorce three months previously did not make him a basket case. Actually, what Carl needs is attention and love which he feels was denied him by his parents as a result of their separation. Susan should therefore convince Mrs. Taylor that totally giving up on Carl by taking him out of her class altogether would not help at all.On the contrary, it would aggravate the situation as it would only remind him of the betrayal he believes he suffered from his parents. My reading of the case is that Carl could be saved if only everybody – his parents, Mrs. Taylor, and Susan – are prepared to show him that they would not give up on him. Carl is only misbehaving because he wants attention. Totall y denying him of such attention might push him towards the point of no return. Reply to Response #2 Yes, it is evident that what Nancy really wants is to have Carl out of her class.She is not interested in doing anything more for him and appears to have entirely lost her patience. However, patience is what Carl needs most. He has been showing disrespect not only to Nancy but to the other teachers as well because his behavior disorder was caused by what he believed was an act of betrayal on the part of his divorced parents. In other words, he is merely taking it out on them. If the teachers at Skyler K through 12 Comprehensive School are not patient with Carl, his behavior disorder might develop into something more damaging. Reply to Response #3I agree that talking with Carl might help. Susan could arrange a one-on-one session with Carl after class and establish rapport, befriend him. It could be that an adult friend is what Carl really needs under the circumstances, having â€Å"lo st his parents to divorce. † I also agree with you that Carl’s behavior could very well be a defensive posture on Carl’s part because apparently, he has started feeling â€Å"unsafe† after his parents separated. In other words, Carl is feeling inadequate and insecure and persecuting him – like taking him out of Nancy’s class altogether – might push him over the edge.