Relationship between demand and price of house increasing in China Research Proposal

Relationship between demand and price of house increasing in China - Research Proposal Example The results from their research had suggested that the major push in the rising demand of housing in China is coming from the stimulus provided by the government. The government strongly regulates the prices of the housing market by adopting relevant polices. According to the research conducted by Rothman (2011 cited in Stohldreier, 2012) government in China wants to influence house ownership which explains the high demand of housing in the country. Researchers have pointed out that there are many factors which influence the housing prices. For instance the research conducted by Beltratti and Morana (2010) had pointed out that the main factors which influence the price of housing include variables like private consumption, rate of CPI inflation, interest rates of the economy, stock price and price of oil. Few researchers have focused on the impacts of monetary policy on the housing market. The results obtained from their study are however mixed and does not show convergence. The research work undertaken by Iacoviello & Minetti (2008) had focused on the impact of credit channel on the housing market. The results from the study had shown that house prices are heavily influenced by changes in the interest changes of the economy. However, this research was conducted in the Western countries namely Finland, Germany, UK and Norway. Researchers who have focused on the Chinese market specifically have found that rising income of the households is one of the strongest factors that have influenced the demand for housing in China. The past three decades of rapid economic growth in the country have had a huge impact on raising the income of the middle-income households including their disposable income (Chen, Guo and Wu, 2011). Additional factors that have influenced the house of pricing in China include high rate of population growth, rise in savings rate, investment in fixed as sets and rising construction

Diversity Considerations Essay Example for Free

Diversity Considerations Essay Introduction This paper will analyze the influence of culture on attitudes, values, perception, human behavior, and interpersonal relations. The discriminatory factors that promote societal, political, socioeconomic, and spiritual oppression of culturally diverse populations will be described within this paper. Racial and cultural diversity within non-native English-speaking communities will be examined. Furthermore, this paper will also analyze how current research may positively impact the delivery of public safety and enhance the evaluation of information and resources. Lastly the chosen articles used for this paper will be evaluated on their reliability and credibility. Diversity Considerations The different cultures and lifestyles that surround us are the major factors that affect and influence behavior in all societies. Culture is the way we are brought up and the beliefs, values and attitudes that are instilled in us by our parents and or guardians. Society also instills culture in us and how we are educated and trained throughout life. We are trained in school and within our homes; we are taught different lifestyles through whom we interact with and the environment in which we grow up in and the conditions and situations we are used to. As a child one tends to follow the life he or she is familiar with. Children look up to their parents, teachers, or any influential person in their life to help shape their thoughts, values and beliefs. For example, if one grows up in a negative environment then that individual will more than likely adopt those types of influences throughout their life and will view life in a negative manner. Their thoughts and beliefs and relationships with others in life will be negative. The opposition would be someone brought up in a positive environment will more than likely view life in a positive manner. If one is brought up to respect others and to be courteous to others, he will more than likely continue these habits throughout life. However, if one is brought up to be prejudiced against those who differ or believe it is acceptable to lie or steal then he or she will probably live by these standards. There are many discriminatory factors which promote societal, socioeconomic, and spiritual oppression of culturally diverse populations. First understanding how discrimination is categorized is important. According to Ore, (2011) employing a systemic frame of analysis requires that we redefine the ways we categorize issues of discrimination. Ore (2011) defines prejudice as a negative attitude toward members of a group or social category and discrimination as the unequal treatment of people determined by their membership in a group. Resources such as money, property, medical care and education can be impacted by systems of oppression and privilege. Resources are not equal to all and many are limited. The distribution of resources to a particular member of society is based on his or her status. Ones social class is one of the most powerful predictors of health. The higher someone is on the socioeconomic ladder the lower their risk is for poor health (Ore, 2011). The identification of disasters as purely physical occurrences (typhoons, floods, earthquakes and initially also bombings and explosions) that affect people who have the misfortunate to be simply in the wrong place at the wrong time gave rise to a preoccupation with technological solutions for the protection of infrastructure and exposed populations ( Bankoff, 2004). Many times the outcome of a situation will be dependent on ones status within the community or membership in a group. Racial and cultural diversity within non-native English-speaking communities exist throughout the country. According to the U.S. Department of Education (2005), there are approximately 56 million students and 3.3 million teachers in our K-12 classrooms. Half the school aged population is expected to consist of students of color by the year 2020. It is estimated that more than 1 in 7 children aged 5 to 17 speak a language other than English at home. By 2026, the number of non-native English speaking students will reach 15 million (Carjuzza, 2005). Multiculturalism relates to communities containing multiple cultures. Multiculturalism exists throughout the nation, communities, schools, businesses and neighborhoods in which we live in. Multiculturalism refers to ideologies or policies that encourage diversity. It allows for one to express one’s own identity. The interaction and communication between different cultures provides opportunity for all. Interactions of cultures provide opportunities for the cultural differences and to create multiculturalism. America is the place where individuals of different ethnicities, cultures and races come to be treated fairly (equal opportunity). However language can be a major barrier and affects all races regardless of acceptance. Smaller communities seem to encompass stronger values beliefs and customs, therefore leaving no room for acceptance of others and languages. Putnam, (2007) states, â€Å"As we have more contact with people who are unlike us, we overcome our initial hesitation and ignorance and come to trust them more.† This could be possible and could be a way to integrate diversity and create multiculturalism. Regardless of race, culture, age, disabilities or the language in which we speak, we are all created equal. Those who migrate here to America and want shared citizenship and outreach towards other cultures and ethnicities is something that will take a long time to be accepted, for several reasons, language being one main reason. Individuals that do not speak English and move into communities where English is the dominant language, are not easily accepted into these communities. There are many ways to try and resolve differences in regards to diversity; however ignorance to one’s culture, ethnicity, beliefs etc. plays a major role in racial and cultural diversity throughout the country. Current research may positively impact the delivery of public safety and enhance the evaluation of information and resources if conducted in a positive and open manner. Research must be available and include all current socioeconomic groups. However research must be honest and reliable and available to those in need of it in order to assist with issues in the public safety sector. Research must also include the members of the affected communities in which the research or data was collected on. . Also, the sharing of the research is critical and should only be shared with those authorized. Policies for conducting and sharing the research must be developed and implemented in order to avoid the research and data being altered or shared with the wrong individuals. Accurate crime data serve important purposes. It is used by public agencies and officials in determining policies, budgets, legislation, funding priorities, and evaluation of existing programs. In conclusion, it is up to the adults in a child’s life to set a good example and instill good values in their children. Society in general has a responsibility to assist with poverty and crime within their communities whenever possible. As individuals we all act and behave in a manner at different times and places. One may not have the same behavior or personality at home as he/she would at work. Whether it is a child, teenager or adults we all have our own personality, values, beliefs and cultures, therefore social influences can alter and shape our actions, speech and who we are and how we are perceived within our communities and society in general. Attitude or a persons belief about a certain situation or perception can influence behaviors. Social influences can affect behavior by simply changing attitudes. This can be a positive change, such as opening a closed-minded individuals beliefs to include new beliefs and choices. On the contrary social influences on attitudes can be negative and include destructive or forcible perceptions leading to poor choices and or criminal behavior. References Bankoff, G. (2004). International journal of mass emergencies and disaster. Time is of the Essence:Disasters, Vulnerability and History. 22(3) 23-42 International Journal of Diversity in Organizations, Communities and Nations, 7(5) 153-160. Retrieved January 16, 2013 from http://www.ehow.com/info_8510709_social-influences- human-behavior Putnam, R. D., (2007). E Pluribus Unum: Diversity and community in the twenty-first century: The 2006 Johan Skytte prize lecture. Journal Compilation, Scandinavian Political Studies, 30(2) 137-174 Ore, T.E. (2011). The social construction of difference inequality: Race, class, gender, and sexuality, fifth edition, New York: McGraw-Hill. Cumbersome

Danone Dumex competitive edge

Danone Dumex competitive edge How does a Danone Dumex (Malaysia) Sdn Bhd SHAMSUDIN, SITI AKMAZNI maintain the brands competitive edge? 1.0 Introduction 1.1 COMPANY BACKGROUND Danone Dumex[1] is part of Groupe Danone, a Fortune 500 company which was operate since 1958, one of the most successful healthy food companies in the world. Its headquartered is in Paris, France. Besides, Danone Dumex manufactures infant and child nutritional products and these products are then distributed in Singapore and Malaysia with exports to twenty countries in Asia, Middle East, Africa and Europe. It is the market leader and ranked number one in overall customer satisfaction in a study conducted among medical professionals and the retail trade by AC Nielsen. Then, it is also named as a Top Three Brand Family by AC Nielsen in 2002 and 2003, as well as Best Employers in Malaysia for 2003 and 2005. 1.2 Justification of the topic In this assessment, I have choose Danone Dumex company because it has higher market share that lead it become a market leader in infant growing milk formula industry. As a manufacturer of infant and child nutritional products, all its products provide the right nutrition for optimum growth and development especially support a good digestive system of children at different stages. Besides, this company has an international relationship with Singapore, Brunei, Middle East and Africa in exporting its products. Thus, here, we can say that it is a multinational company in this industry. So, because of this, I want to investigate and do research about this company in this assessment. 2.0 Findings 2.1 New logo and packaging Recently, Danone Dumex (Malaysia) Sdn Bhd is thinking to rebrand its products. In this rebranding, Danone Dumex change logo and packaging[2]. The packaging was modern, dynamic and contemporary look and feel according to the Danone Dumexs sales director, Joris Bernard and GCH Retail (M) merchandising director, Ian Cruddas[3]. 2.2 Long-relationship with Malaysian parents and children Danone Dumex also want to communicate and commemorate long-term relationship with Malaysian parents, children and with the people outside. As it has a new brand identity, this will lead to customers loyalty to its products[4]. Hence, this sale of new product of Danone Dumex will boost its market. 2.3 Price Usually, as a market leader, the price of the products will be increase. But, for this company, Danone Dumex products are expected to not increase in price. It thinks and confident that the sales of its products will boost the markets and thus, cover its probably loss[5] from the cost of production, promotion and cost to advertise the products. 3.0 ANALYSIS OF THE ISSUES 3.1 Current Situation Product life cycle[6] is used in this analysis to show points at which businesses may need to consider launching new products, as older ones are in decline, allow a business to plan different styles of marketing, help a business to manage its product portfolio and identify points at which extension strategies may need to be introduced or should no longer sell a product. (Dave Hall, page 179). Hence, in this situation, Danone Dumex products now in maturity stage because its products have become established with a stable market share, as a market leader (Dave Hall, page 116 and 117) and the sales are clearly higher than any competing businesses in the same market (Peter Stimpson, page 135). Introduction Growth Maturity Saturation 3.2 New logo and packaging As a market leader and its products are at maturity stage, the competitors will enter the market to take advantage of profits. Thus, Danone Dumex decided to rebrand its products because it wants to maintain the brands competitive edge[7] where it is one of the advantages of rebranding. (Dave Hall, page 204 and 205). These can allow people and customers outside alert quickly with its products and expected the new sales will boost the sales of the products[8]. 3.3 Long-relationship with Malaysian parents and children The launch of its new brand identity had cause Danone Dumex to both communicate and commemorate their long-term relationship with Malaysian parents and children[9]. When having a long-relationship with Malaysian parents and children, this will help this company to get back in track and the new sales of the products will boost the sales. 3.4 Market leader From the article[10], Danone Dumex is the market leader in infant milk formula in Malaysia, which also has a market share about 40.9% in the year-to-date June period 2009 in the Standard Growing up Milk (GUM). It is also currently sells and exports its products to Malaysia, Singapore, Brunei, Middle East and Africa[11] that cause it to have higher market share and growing in market. Being a market leader, it will achieve the competitive edge because competition has become stiff for players in the growing up milk formula industry and this will not be a risk faced by this company. 3.5 Price The products can be expensive to promote and maintain the brand. An establishing a successful brand in a competitive market can be very costly. Small business may not be able to afford this. (Dave Hall, page 202). Cost of production, promotion and market the product will be higher as it is a new looks product. But in this situation, Dumex does not plan to increase prices of its products[12]. As a result, Danone Dumexs products are remaining in gaining the profit because of the loyalty customer in buying Danone Dumexs products[13] 3.6 SWOT Analysis of Danone Dumex To see the problem faced by this company clearly, I use SWOT analysis to access the present position of this company, the future or expected possible changes. Strength Weaknesses * Market leader[14] in milk formula industry (S1) * Loyalty customers (S2) * Healthy product for infants and children (S3) * Costly because has invested more than RM4 million in its new look venture (W1) * The prices for the new-look products are remains unchanged that will provide quite high loss and need more money to back up back the invested money for the new-look products. (W2) * Danone Dumex use above the line promotion (W3) Opportunities Threats * Long-term relationship between Danone Dumex and Malaysian parents and children. (O1) * Loyalty customers (O2) * Many competitors (T1) * Economic downturns (T2) * The resources and raw materials expensive (T3) Table 2 shows the SWOT analysis, the current and expectation of Danone Dumex SWOT analysis shows the current and expectation of Danone Dumexs product. Danone Dumex is a market leader (S1) in infant and growing up milk formula industry that can be strength of this company in its market. This is because there will be no strong competitive edge where can cause this company get loss. Besides that, although it is a market leader and rebranding its products, it does not expected to increase the price of its new rebrand product. Hence, all these are the strength of Danone Dumex besides it has loyalty customer (S2) to its products and its products are prove as a healthy product[15] (S3) for infants and children. However, this company also has a few weaknesses likes it has spent a lot which is more than RM4 million in its new look venture[16] (W1). So, this is the most risky ways of Danone Dumex to be faced as the prices for the new look products are remain unchanged[17] (W2) and used above the line promotion (W3) that is quite costly and expensive as its promotional method to advertise the new look product. The threats, the opportunities are the expectation that will face by this company in the future whether it will gain more profit or loss. The opportunities that will face by this company are the long-term relationship between this company and Malaysian parents and the children[18] (O1) and the loyalty customer (O2) for its new rebrand products. As these opportunities are faced by Danone Dumex, its expectation to not increase the price for the new look product will boost the market that can back up the invested money and prevent more loss for this new look product. Then, lastly is the threat or the bad expectation that will be face by this company. The first threat is there will be many competitors (T1) enter into the same market as Danone Dumex. Then, if there is economic downturns (T2) in any country, the unemployment will be increase, the buying power of the customers will be decreases and hence, causing Danone Dumex to has loss. Besides, the other threat is the resources and raw materials are expensive (T3) in the future as the raw materials are difficult to get and find. CONCLUSION With the commitment and willing to take the risks, it is believed that Danone Dumex will boost its sales as it rebranded its new-look products. This is because it is a market leader in this industry, has high market shares and the sales are also clearly higher as it exports its products to the other countries likes to Malaysia, Middle East, Singapore, Brunei and Africa. Even though its price is remaining unchanged, the loyalty customer and the well-established product of Danone Dumex in this milk formula industry have made its sales boost the market and gain profit. This is the strength of Danone Dumex as the market leader and has high market share[19] as shown and explained in SWOT analysis. Hence, for me, there will be no problem for Danone Dumex in get profit and maintain its competitive edge. In addition, from my survey[20], it is proven that Danone Dumexs products are healthy for infant and growing-up milk formula industry, has higher percentage of the loyalty customer to its products and most of the customers are afford to buy and spent for the reasonable price for the new look products. So, even though Danone Dumex is still market leader, has loyalty customer towards its products, it cannot stop or avoid the expectation and coming threat that will influence its sales in the future. Hence, does Danone Dumex still can maintain its competitive edge in the future? BIBLIOGRAPHY General Texts 1) Dave Halls @ Rob Jones @ Carlo Raffo @ Ian Chambers and Dave Gray, 2004. Business Studies (Third Edition) Legoprint, Italy. Waring Collins Ltd. 2) Peter Stimpson. AS Level and A Level Business Studies. Oxford New York. 3) Andrew Gillespie. AS Level and A Level Business Studies. Oxford New York. 4) About us Danone Dumex retrieved from http://www.dumex.com.my/about_us 5) Danone Dumexs article, ‘Danone Dumex Quality Assurance retrieved from http://www.dumex.com.my/whats_new_2009/article/2009_Quality_Assurance 6) Unknown author, ‘Danone Dumex Melamine-Free Shanghai Regulator Says retrieved from http://www.bloomberg.com/apps/news?sid=aSE8M3rTXulwpid=20601080 7) Unknown author, the other research regarding the rebranding process http://www.google.com/hostednews/afp/article/ALeqM5h7VgLkRxkbLdTKu21W3Y6KGIH1Q 8) Unknown author, ‘Global Baby Food Market retrieved from http://www.bharatbook.com/Market-Research-Reports/Global-Baby-Food-Market.html 9) Unknown author, ‘Breaking The Rules, Stretching The Rules 2004 retrieved from http://www.ibfan.org/english/pdfs/btr04.pdf 10) Lenny, Bernama, ‘Players in growing up milk formula market face stiff competition retrieved from http://besonline.rtm.gov.my/details.php?id=2468pageno=3field=bu_Titleorder=ASCtitle=Business/Economy 11) Unknown author, ‘About Us-Danone Dumex retrieved from http://www.dumex.com.my/about_us 12) http://www.hotfrog.com.my/Companies/Dumex-M 13) Unknown author, ‘About Us- Danone Dumex retrieved from http://www.dumex.com.my/ 14) Unknown author, ‘Danone Dumexs products sport a new look retrieved from http://biz.thestar.com.my/news/story.asp?file=/2008/7/8/business/21761434sec=business Title of the article: Business Leaders say Rebranding is Key to Recovery Sources: Article from website of Britannica Online Date: 14th February 2009 Website: Author: Tom Banks Business Leaders say Rebranding is Key to Recovery Design Week, February 12, 2009 by Tom Banks Summary: The article focuses on importance of rebranding and design to fight against economic recession and assist business recovery in Great Britain. It states that rebranding helps business leaders to achieve a competitive line and commitment to its services and businesses. It also notes that rebranding builds a new relationship with the customers and the businesses. Excerpt from Article: News in Depth Business leaders say rebranding is key to recovery By Tom Banks A majority of UK companies see a successful rebrand as a key way of weathering the recession, according to new research. Implementation, Rebranding and Design, a report commissioned by branding consultancy the Principle Group, surveyed 250 marketing directors of blue chip companies and UK business owners, and found that the majority recognise the importance of rebranding in a downturn and acknowledge the role of design in assisting business recovery. Levels of confidence varied across the survey, but it found that 65 per cent of business leaders and managers believe rebranding will help large corporate institutions get back on track, and 85 per cent say design will play an important role in generating a recovery for some, or all, brands. A successful rebranding was seen by 64 per cent of UK business leaders as a route to gaining a competitive edge in a downturn. Similarly, 63 per cent agreed that a new identity signified a bold embracing of change. Commenting on the research, Ron Cregan, business strategy director at consultancy Navyblue, says, Any brand with the appetite to develop its brand identity in a recession demonstrates a willingness to challenge the market and a commitment to its businesses, services and products. But he adds that many companies will restrain their brand and marketing spend, for fear of being seen to be spending while people are †¦ Supporting Document 5 (Primary Data) Survey: Awareness of the Malaysians Towards Danone Dumexs Products Especially Its New-Look Products. Date: 25th October 2009 I am an IB student of MARA College Seremban and I am doing research about the awareness of the Malaysians towards Danone Dumexs products especially its new-look products. Thus, I need your help in filling out these questionnaires. Tick the box with √ and answer the questions. 1) Gender : Male Female 2) Status Married Single Widow/ widower Others†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3) What are the instant milks for baby that you know in our industry? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4) What kind of instant milk for baby that you or your family had chosen before this? Fernleaf Danone Dumex Nestle Others †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5) Why you use the same instant milks for your whole family? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6) Annual household income : Less than RM1000 RM 5001 RM 10000 RM 1001 RM 5000 RM 10,001 and above 7) Usually, how much you or your family (mom or dad) spent for the instant milks? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ For these questions, tick √ for your answers for these statements. Statements Strongly know Know Not sure Doesnt know Strongly doesnt know 8) Do you know any products from Danone Dumex? 9) Have you try to any its products? 10) Do you notice that Danone Dumex has a new-look products? 11) Danone Dumex products contained DHA (docosahexaenoic ) and AA ( arachidoinic acid ) that were important for brain cells. Do you know with these statements? 12) Danone Dumex contains 1c-FOS (long-chain fructo oligosaccharides) dietry fibre and essential nutrients that help support a good digestive system. 13) Danones Dumex milk is melamine-free. 14) For all the advantages of having Danone Dumex products that I have listed above, do you and your family want to try and use Danone Dumex products? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ FINDINGS 1. 78% buyers are married person and the other 22% is bought by widow/widower and single person who are the siblings of the child. 2. 69% buyers bought Danone Dumexs products which is 57% is the old customers and another 12% is the new customers. 3. Most of consumers loyal to Danone Dumexs products because they know the ingredients and contents in the instant milk that will help for sufficient nutrient and growing to their babies. 4. 93% of the customers are from the females customers. 5. Most of the customers said that they afford to buy and spent their money to buy the affordable price of Danone Dumexs products. [1] Retrieved from http://www.dumex.com.my/about_us [2] Supporting document 1- Danone Dumex Products Sport a New Look [3] Supporting document 2 Giant Spotted in Shah Alam Company Unveils Huge Logo as Part of Rebranding Exercise [4] Supporting document 1 Danone Dumex Products Sport a New Look [5] Supporting document 3 Players in Growing Up Milk Formula Market Face Stiff Competition [6] Product life cycle shows the different stages that a product passes through and the sales that can be expected at each stage. [7] Supporting document 2 Giant Spotted in Shah Alam Company Unveils Huge Logo as Part of Rebranding Exercise [8] Supporting document 1- Danone Dumex Products Sport a New Look [9] Supporting document 1- Danone Dumex Products Sport a New Look [10] Supporting document 1- Danone Dumex Products Sport a New Look [11] Supporting document 3 Players in Growing Up Milk Formula Market Face Stiff Competition [12] Supporting document 3 Players in Growing Up Milk Formula Market Face Stiff Competition [13] Supporting document 5 Survey: Awareness of the Malaysian Towards Danone Dumexs products Especially Its New-Look Products [14] Is a business which makes decisions which tend to be followed by other businesses in the market. [15] Supporting document 3 Players in Growing Up Milk Formula Market Face Stiff Competition [16] Supporting document 1- Danone Dumex Products Sport a New Look [17] Supporting document 1- Danone Dumex Products Sport a New Look [18] Supporting document 1- Danone Dumex Products Sport a New Look [19] Supporting document 1- Danone Dumex Products Sport a New Look [20] Supporting document 5 Survey: Awareness of the Malaysian Towards Danone Dumexs products Especially Its New-Look Products

Same-Sex Marriage Essay -- Homosexual Gay Lesbian Papers

Same-Sex Marriage Many people believe that marriage is an integral part of their lives. Currently, marriage is defined within the parameters of a partnership of one man and one woman. Under Canadian common law, a same-sex couple cannot get married and the government refuses to acknowledge homosexuals as equals. Prohibiting same-sex marriages in legislation is discrimination. Denying homosexuals the ability to form this bond violates freedom of expression, equality rights for minorities, and freedom of religion, provisions present in the Charter of Rights and Freedoms. This is an issue of equality, security and freedom. If gays are denied the basic human right of marriage, one must ask the question: where does society stand today? This issue is controversial because many fear that marriage as an institution will be destroyed if same-sex marriage is passed through legislation. Really, there is no compelling reason to believe that legalizing gay marriage would affect traditional marriage, that is, if a traditional marriage even exists. Public opinion is considerably more tolerant of homosexuality than it has been in the past, but lesbian and gay communities nevertheless suffer from discrimination due to their sexual orientation. While it is "discriminatory and unethical to say that you have to be straight to have rights and to be accepted as a human being" (Steirs 164), many people oppose gay marriage because they assume that gays have a choice in who they can feel attracted to, and the reality is quite different. Through rapid advances in genetic research and biotechnology, many scientists have confirmed that sexual orientation is in... ...n Network Ltd. 1993. Moore, Leah. Points in Defense of Gay Marriage. 21 April 2001. (3 November 2002). Rauch, Jonathan. "Anything but Marriage?" The Atlantic Monthly May 2002. Robinson, B.A. Ontario Consultants on Religious Tolerance. 9 November, 2002. (10 November 2002). Stiers, Gretchen A. From This Day Forward. Commitment, Marriage, and Family in Lesbian and Gay Relationships. St. Martins Press: New York. 1999. Tessina, Tina. Gay Relationships for Men and Women, Los Angeles: Jeremy P. Tarcher, Inc,1989. Vanasco, Jennifer. "Families United in Law". Chicago Free Press 13 February 2002. Vincent, Norah. "A lot of Hooey on Same-Sex Marriage; Gays Didn't Wreck Marriage". Los Angeles Times 9 August 2001.

Banking Project

INTRODUCTION & HISTORY OF BANKING BANKING [pic] Introduction India cannot have a healthy economy without a sound and effective banking system. The banking system should be hassle free and able to meet the new challenges posed by technology and other factors, both internal and external. In the past three decades, India's banking system has earned several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to metropolises or cities in India.In fact, Indian banking system has reached even to the remote corners of the country. This is one of the main aspects of India's growth story. The government's regulation policy for banks has paid rich dividends with the nationalization of 14 major private banks in 1969. Banking today has become convenient and instant, with the account holder not having to wait for hours at the bank counter for getting a draft or for withdrawing money from his account. Banking in India  in the modern sense ori ginated in the last decades of the 18th century.The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1770; both are now defunct. The oldest bank still in existence in India is the  State Bank of India, which originated in the  Bank of Calcutta  in June 1806, which almost immediately became the  Bank of Bengal. This was one of the three presidency banks, the other two being the  Bank of Bombay  and the  Bank of Madras, all three of which were established under charters from the  British East India Company. For many years the presidency banks acted as quasi-central banks, as did their successors.The three banks merged in 1921 to form the  Imperial Bank of India, which, upon India's independence, became the  State Bank of India  in 1955. 1. History of Banking in India The first bank in India, though conservative, was established in 1786. From 1786 till today, the journey of Indian Banking System can be segr egated into three distinct phases: †¢ Early phase of Indian banks, from 1786 to 1969 †¢ Nationalization of banks and the banking sector reforms, from 1969 to 1991 †¢ New phase of Indian banking system, with the reforms after 1991 Phase1The first bank in India, the General Bank of India, was set up in 1786. Bank of Hindustan and Bengal Bank followed. The East India Company established Bank of Bengal (1809), Bank of Bombay (1840), and Bank of Madras (1843) as independent units and called them Presidency banks. These three banks were amalgamated in 1920 and the Imperial Bank of India, a bank of private shareholders, mostly Europeans, was established. Allahabad Bank was established, exclusively by Indians, in 1865. Punjab National Bank was set up in 1894 with headquarters in Lahore.Between 1906 and 1913, Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore were set up. The Reserve Bank of India came in 1935. During the first p hase, the growth was very slow and banks also experienced periodic failures between 1913 and 1948. There were approximately 1,100 banks, mostly small. To streamline the functioning and activities of commercial banks, the Government of India came up with the Banking Companies Act, 1949, which was later changed to the Banking Regulation Act, 1949 as per amending Act of 1965 (Act No. 3 of 1965). The Reserve Bank of India (RBI) was vested with extensive powers for the supervision of banking in India as the Central banking authority. During those days, the general public had lesser confidence in banks. As an aftermath, deposit mobilization was slow. Moreover, the savings bank facility provided by the Postal department was comparatively safer, and funds were largely given to traders. Phase2 The government took major initiatives in banking sector reforms after Independence.In 1955, it nationalized the Imperial Bank of India and started offering extensive banking facilities, especially in r ural and semi-urban areas. The government constituted the State Bank of India to act as the principal agent of the RBI and to handle banking transactions of the Union government and state governments all over the country. Seven banks owned by the Princely states were nationalized in 1959 and they became subsidiaries of the State Bank of India. In 1969, 14 commercial banks in the country were nationalized. In the second phase of banking sector reforms, seven more banks were nationalized in 1980.With this, 80 percent of the banking sector in India came under the government ownership. Phase3 This phase has introduced many more products and facilities in the banking sector as part of the reforms process. In 1991, under the chairmanship of M Narasimham, a committee was set up, which worked for the liberalization of banking practices. Now, the country is flooded with foreign banks and their ATM stations. Efforts are being put to give a satisfactory service to customers. Phone banking and net banking are introduced. The entire system became more convenient and swift.Time is given importance in all money transactions. The financial system of India has shown a great deal of resilience. It is sheltered from crises triggered by external macroeconomic shocks, which other East Asian countries often suffered. This is all due to a flexible exchange rate regime, the high foreign exchange reserve, the not-yet fully convertible capital account, and the limited foreign exchange exposure of banks and their customers. In ancient India there is evidence of loans from the  Vedic period  (beginning 1750 BC).Later during the  Maurya dynasty  (321 to 185 BC), an instrument called adesha was in use, which was an order on a banker desiring him to pay the money of the note to a third person, which corresponds to the definition of a bill of exchange as we understand it today. During the Buddhist period, there was considerable use of these instruments. Merchants in large towns gave letters of credit to one another. Colonial era During the colonial era merchants in  Calcutta  established the Union Bank in 1839, but it failed in 1840 as a consequence of the economic crisis of 1848-49.The  Allahabad Bank, established in 1865 and still functioning today, is the oldest  Joint Stock bank  in India, it was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to the  Alliance Bank of Shimla. Foreign banks too started to appear, particularly in  Calcutta, in the 1860s. The  Comptoir d'Escompte de Paris  opened a branch in Calcutta in 1860, and another in  Bombay  in 1862; branches in  Madras  and  Pondicherry, then a French possession, followed. HSBCestablished itself in  Bengal  in 1869.Calcutta was the most active trading port in India, mainly due to the trade of the  British Empire, and so became a banking center. The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in 1881 in  Faizabad. It failed in 1958. The next was the  Punjab National Bank, established in  Lahore  in 1895, which has survived to the present and is now one of the largest banks in India. Around the turn of the 20th Century, the Indian economy was passing through a relative period of stability. Around five decades had elapsed since the  Indian Mutiny, and the social, industrial and other infrastructure had improved.Indians had established small banks, most of which served particular ethnic and religious communities. The presidency banks dominated banking in India but there were also some exchange banks and a number of Indian  joint stock  banks. All these banks operated in different segments of the economy. The exchange banks, mostly owned by Europeans, concentrated on financing foreign trade. Indian joint stock banks were generally under capitaliz ed and lacked the experience and maturity to compete with the presidency and exchange banks.This segmentation let Lord Curzon to observe,  Ã¢â‚¬Å"In respect of banking it seems we are behind the times. We are like some old fashioned sailing ship, divided by solid wooden bulkheads into separate and cumbersome compartments. † The period between 1906 and 1911, saw the establishment of banks inspired by the  Swadeshi  movement. The Swadeshi movement inspired local businessmen and political figures to found banks of and for the Indian community. A number of banks established then have survived to the present such as  Bank of India,  Corporation Bank,  Indian Bank,  Bank of Baroda,  Canara Bank  and  Central Bank of India.The fervour of Swadeshi movement lead to establishing of many private banks in  Dakshina Kannada  and  Udupi district  which were unified earlier and known by the name  South Canara  ( South Kanara ) district. Four nationalised banks started in this district and also a leading private sector bank. Hence undivided Dakshina Kannada district is known as â€Å"Cradle of Indian Banking†. During the  First World War  (1914–1918) through the end of the  Second World War  (1939–1945), and two years thereafter until the independence  of India were challenging for Indian banking.The years of the First World War were turbulent, and it took its toll with banks simply collapsing despite the  Indian economy  gaining indirect boost due to war-related economic activities. At least 94 banks in India failed between 1913 and 1918 as indicated in the following table: |Years |Number of banks |Authorised capital |Paid-up Capital | | |that failed |(Rs. Lakhs) |(Rs.Lakhs) | |1913 |12 |274 |35 | |1914 |42 |710 |109 | |1915 |11 |56 |5 | |1916 |13 |231 |4 | |1917 |9 |76 |25 | |1918 |7 |209 |1 | Post-Independence The  partition of India  in 1947 adversely impacted the economies of  Punjab  and  West Bengal, paralyzing banking activities for months. India's  independence  marked the end of a regime of the  Laissez-faire  for the Indian banking. The  Government of India  initiated measures to play an active role in the economic life of the nation, and the Industrial Policy Resolution adopted by the government in 1948 envisaged a  mixed economy. This resulted into greater involvement of the state in different segments of the economy including banking and finance.The major steps to regulate banking included: ? The  Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on January 1, 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). ? In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank of India (RBI) â€Å"to regulate, control, and inspect the banks in India†. ? The Banking Regulation Act also provided that no new ban k or branch of an existing bank could be opened without a license from the RBI, and no two banks could have common directors. Nationalization in the 1960sDespite the provisions, control and regulations of  Reserve Bank of India, banks in India except the  State Bank of India  or SBI, continued to be owned and operated by private persons. By the 1960s, the Indian banking industry had become an important tool to facilitate the development of the  Indian economy. At the same time, it had emerged as a large employer, and a debate had ensued about the nationalization of the banking industry. Indra Gandhi, then  Prime Minister of India, expressed the intention of the  Government of India  in the annual conference of the All India Congress Meeting in a paper entitled  Ã¢â‚¬Å"Stray thoughts on Bank Nationalization. †Ã‚  The meeting received the paper with enthusiasm. Thereafter, her move was swift and sudden.The Government of India issued an ordinance (‘Banking C ompanies (Acquisition and Transfer of Undertakings) Ordinance, 1969')) and nationalized  the 14 largest commercial banks with effect from the midnight of July 19, 1969. These banks contained 85 percent of bank deposits in the country. [5]  Jayaprakash Narayan, a national leader of India, described the step as a  Ã¢â‚¬Å"masterstroke of political sagacity. †Ã‚  Within two weeks of the issue of the ordinance, the Parliament  passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the  presidential  approval on 9 August 1969. A second dose of nationalization of 6 more commercial banks followed in 1980.The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the Government of India controlled around 91% of the banking business of India. Later on, in the year 1993, the government merged  New Bank of India  with  Punjab National Bank. It was the only merger between nationalized banks and resulted in the reduction of the number of nationalized banks from 20 to 19. After this, until the 1990s, the nationalized banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy. Liberalization in the 1990s In the early 1990s, the then  Narasimha Rao  government embarked on a policy of  liberalization, licensing a small number of private banks.These came to be known as  New Generation tech-savvy banks, and included Global Trust Bank (the first of such new generation banks to be set up), which later amalgamated with Oriental Bank of Commerce,  UTI Bank  (since renamed  Axis Bank),  ICICI Bank  and  HDFC Bank. This move, along with the rapid growth in the  economy of India, revitalized the banking sector in India, which has seen rapid growth with strong contribution from all the three sectors of banks, namely, government banks, private banks and foreign banks. The next stage for the I ndian banking has been set up with the proposed relaxation in the norms for Foreign Direct Investment, where all Foreign Investors in banks may be given voting rights which could exceed the present cap of 10%,at present it has gone up to 74% with some restrictions. The new policy shook the Banking sector in  India  completely.Bankers, till this time, were used to the 4-6-4 method (Borrow at 4%; Lend at 6%; Go home at 4) of functioning. The new wave ushered in a modern outlook and tech-savvy methods of working for traditional banks. All this led to the retail boom in India. People not just demanded more from their banks but also received more. Current period By 2010, banking in India was generally fairly mature in terms of supply, product range and reach-even though reach in rural India still remains a challenge for the private sector and foreign banks. In terms of quality of assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sh eets relative to other banks in comparable economies in its region.The Reserve Bank of India is an autonomous body, with minimal pressure from the government. The stated policy of the Bank on the  Indian Rupee  is to manage volatility but without any fixed exchange rate-and this has mostly been true. With the growth in the Indian economy expected to be strong for quite some time-especially in its services sector-the demand for banking services, especially  retail banking, mortgages and investment services are expected to be strong. One may also expect M, takeovers, and asset sales. In March 2006, the Reserve Bank of India allowed  Warburg Pincus  to increase its stake in  Kotak Mahindra Bank  (a private sector bank) to 10%.This is the first time an investor has been allowed to hold more than 5% in a private sector bank since the RBI announced norms in 2005 that any stake exceeding 5% in the private sector banks would need to be vetted by them. In recent years critics h ave charged that the non-government owned banks are too aggressive in their loan recovery efforts in connection with housing, vehicle and personal loans. There are press reports that the banks' loan recovery efforts have driven defaulting borrowers to suicide. State Bank of India & Its Subordinates [pic] 1. Introduction State Bank of India  (SBI) is a  banking  and  financial services  company based in India.It is a  state-owned  corporation with its headquarters in  Mumbai, Maharashtra. As of March 2012, it had assets of  US$360 billion and 14,119 branches, including 157 foreign offices in 32 countries across the globe making it the largest banking and financial services company in India. The bank traces its ancestry to  British India, through the  Imperial Bank of India, to the founding in 1806 of the  Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidencies banks—Bank of Calcutta and Bank of Bombay—to form the Imperial Bank of India, which in turn became the State Bank of India.The  Government of India  nationalized the Imperial Bank of India in 1955, with the  Reserve Bank of India  taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. SBI has been ranked 285th in the  Fortune Global 500  rankings of the world's biggest corporations for the year 2012. SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at  non-resident Indians  (NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout the country. SBI is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.The State Bank of India was named the 29th most reputed company in the world according to  Forbes  2009 rankings and was the only bank featured in the â€Å"top 10 brands of India† list in an annual survey conducted by  Brand Finance  and  The Economic Times  in 2010. History The roots of the State Bank of India lie in the first decade of 19th century, when the  Bank of Calcutta, later renamed the  Bank of Bengal, was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the  Bank of Bombay (incorporated on 15 April 1840) and the  Bank of Madras  (incorporated on 1 July 1843). All three Presidency banks were incorporated as  joint stock companies  and were the result of the  royal charters. These three banks received the exclusive right to issue paper currency till 1861 when with the Paper Currency Act; the right was taken over by the Government of India.The Presidency banks amalgamated on 27 January 1921, and the re-organized banking entity took as its name  Imperial Bank of India. The Imperial Bank of India remained a j oint stock company but without Government participation. Pursuant to the provisions of the State Bank of India Act of 1955, the  Reserve Bank of India, which is  India's central bank, acquired a controlling interest in the Imperial Bank of India. On 30 April 1955, the Imperial Bank of India became the State Bank of India. The  government of India  recently acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority.In 1959, the government passed the State Bank of India (Subsidiary Banks) Act, which made eight state banks associates of SBI. A process of consolidation began on 13 September 2008, when the  State Bank of Saurashtra  merged with SBI. SBI has acquired local banks in rescues. The first was the Bank of Behar (est. 1911), which SBI acquired in 1969, together with its 28 branches. The next year SBI acquired National Bank of Lahore (est. 1942), which had 24 branches. Five y ears later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been established in 1916 in  Gwalior State, under the patronage of Maharaja  Madho Rao Scindia. The bank had been the Dukan Pichadi, a small moneylender, owned by the Maharaja. The new banks first manager was Jall N. Broacha, a Parsi.In 1985, SBI acquired the Bank of Cochin in  Kerala, which had 120 branches. SBI was the acquirer as its affiliate, theState Bank of Travancore, already had an extensive network in Kerala. 2. Associate banks SBI has five associate banks; all use the State Bank of India logo, which is a blue circle, and all use the â€Å"State Bank of† name, followed by the regional headquarters' name: ? State Bank of Bikaner & Jaipur ? State Bank of Hyderabad ? State Bank of Mysore ? State Bank of Patiala ? State Bank of Travancore Earlier SBI had seven associate banks, all of which had belonged to  princely states  until the government nationalised them between October 1959 and May 196 0.In tune with the first Five Year Plan, which prioritized the development of rural India, the government integrated these banks into State Bank of India system to expand its rural outreach. There has been a proposal to merge all the associate banks into SBI to create a â€Å"mega bank† and streamline the group's operations. The first step towards unification occurred on 13 August 2008 when  State Bank of Saurashtra  merged with SBI, reducing the number of associate state banks from seven to six. Then on 19 June 2009 the SBI board approved the absorption of  State Bank of Indore. SBI holds 98. 3% in State Bank of Indore. (Individuals who held the shares prior to its takeover by the government hold the balance of 1. 77%. ) The acquisition of State Bank of Indore added 470 branches to SBI's existing network of branches.Also, following the acquisition, SBI's total assets will inch very close to the  [pic]10 trillion marks. The total assets of SBI and the  State Bank of Indore  stood at  [pic]9,981,190 million as of March 2009. The process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore branches started functioning as SBI branches on 26 August 2010. Non-banking subsidiaries Apart from its five associate banks, SBI also has the following non-banking subsidiaries: ? SBI Capital Markets  Ltd ? SBI Funds Management Pvt Ltd ? SBI Factors & Commercial Services Pvt Ltd ? SBI Cards  & Payments Services Pvt. Ltd. (SBICPSL) ? SBI DFHI Ltd ? SBI Life Insurance Co. Ltd. ? SBI General InsuranceIn March 2001, SBI (with 74% of the total capital), joined with  BNP Paribas  (with 26% of the remaining capital), to form a joint venture life insurance company named SBI Life Insurance company Ltd. Nowadays, SBI Life Insurance Co. Ltd ranks among the top and most trusted Life Insurance Companies in India and also abroad. In 2004, SBI DFHI Ltd. (DISCOUNT AND FINANCE HOUSE OF INDIA) was founded with its headquarters in MUMBA I, MAHARASHTRA. SBIDFHI Ltd. is a primary dealer that trades in Fixed income securities (treasury bills, state development loans, government securities, non SLR bonds, corporate bonds) and Short Term Money Market instruments (certificates of deposit, commercial papers, inter-corporate deposits, call and money notice deposits).It is an institution formed by RBI to support the book building process in primary auctions of Government securities and to provide necessary depth and liquidity to the secondary market in Government securities. Reserve Bank of India [pic] The  Reserve Bank of India  (RBI) is India's  central banking  institution, which controls the  monetary policy  of the  Indian rupee. It was established on 1 April 1935 during the  British Raj  in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of ? 100 each fully paid which was entirely owned by private shareholders in the beginning. Followin g India's independence in 1947, the RBI was nationalised in the year 1949. The RBI plays an important part in the development strategy of theGovernment of India. It is a member bank of the  Asian Clearing Union.The general superintendence and direction of the RBI is entrusted with the 21-member-strong Central Board of Directors—the  Governor  (currently  Duvvuri Subbarao), four Deputy Governors, two  Finance Ministry  representative, ten Government-nominated Directors to represent important elements from India's economy, and four Directors to represent Local Boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these Local Boards consist of five members who represent regional interests, as well as the interests of co-operative and indigenous banks. 1. Structure Central Board of Directors The Central Board of Directors is the main committee of the central bank. The  Government of India  appoints the directors for a four-year term. The Board co nsists of a governor, four deputy governors, fifteen directors to represent the regional boards, one from the Ministry of Finance and ten other directors from various fields. Governors The current Governor of RBI is  Duvvuri Subbarao.The RBI extended the period of the present governor up to 2013. There are four deputy governors. Supportive bodies The Reserve Bank of India has ten regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai. The representations are formed by five members, appointed for four years by the central government and serve—beside the advice of the Central Board of Directors—as a forum for regional banks and to deal with delegated tasks from the central board. The institution has 22 regional offices. The  Board of Financial Supervision  (BFS), formed in November 1994, serves as a CCBD committee to control the financial institutions.It has four members, appointed for two years, and takes measures to str ength the role of statutory auditors in the financial sector, external monitoring and internal controlling systems. Offices and branches The Reserve Bank of India has 4 zonal offices. It has 19 regional offices at most state capitals and at a few major cities in India. Few of them are located in  Ahmedabad, Bangalore,  Bhopal,  Bhubaneswar,  Chandigarh,  Chennai,  Delhi,  Guwahati, Hyderabad Jaipur,Jammu,  Kanpur,  Kolkata,  Lucknow,  Mumbai,  Nagpur,  Patna,and  Thiruvananthapuram. Besides it has 09 sub-offices. 2. History 1935–1950 The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the  First World War. It came into picture according to the guidelines laid down by  Dr. Ambedkar.RBI was conceptualized as per the guidelines, working style and outlook presented by Dr Ambedkar in front of the Hilton Young Commission. When this commission came to India under the name of â€Å"Royal Commission on Indian Cur rency & Finance†, each and every member of this commission were holding Dr Ambedkar’s book named â€Å"The Problem of the Rupee – It’s origin and it’s solution. †Ã‚  The Bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton–Young Commission. The original choice for the seal of RBI was The East India Company  Double Mohur, with the sketch of the Lion and Palm Tree. However it was decided to replace the lion with the tiger, the national animal of India.The Preamble of the RBI describes its basic functions to regulate the issue of bank notes, keep reserves to secure monetary stability in India, and generally to operate the currency and credit system in the best interests of the country. The Central Office of the RBI was initially established in Calcutta (now Kolkata), but was permanently moved to Bombay (now Mumbai) in 1937. The RBI also acted as Burma's centra l bank, except during the years of the  Japanese occupation of Burma  (1942–45), until April 1947, even though Burma seceded from the Indian Union in 1937. After the  Partition of India  in 1947, the Bank served as the central bank for  Pakistan  until June 1948 when the  State Bank of Pakistan  commenced operations.Though originally set up as a shareholders’ bank, the RBI has been fully owned by the  Government of India  since its nationalization in 1949. 1950–1960 In the 1950s, the Indian government, under its first Prime Minister  Jawaharlal Nehru, developed a centrally planned economic policy that focused on the agricultural sector. The administration nationalized commercial banks and established, based on the Banking Companies Act of 1949 (later called the Banking Regulation Act), a central bank regulation as part of the RBI. Furthermore, the central bank was ordered to support the economic plan with loans. 1960–1969 As a result of bank crashes, the RBI was requested to establish and monitor a deposit insurance system.It should restore the trust in the national bank system and was initialized on 7 December 1961. The Indian government founded funds to promote the economy and used the slogan Developing Banking. The Government of India restructured the national bank market and nationalized a lot of institutes. As a result, the RBI had to play the central part of control and support of this public banking sector. 1969–1985 In 1969, the  Indira Gandhi-headed government nationalized 14 major commercial banks. Upon Gandhi's return to power in 1980, a further six banks were nationalized. The regulation of the economy and especially the financial sector was reinforced by the Government of India in the 1970s and 1980s.The central bank became the central player and increased its policies for a lot of tasks like interests, reserve ratio and visible deposits. These measures aimed at better economic development and had a huge effect on the company policy of the institutes. The banks lent money in selected sectors, like agri-business and small trade companies. The branch was forced to establish two new offices in the country for every newly established office in a town. The  oil crises  in 1973 resulted in increasing  inflation, and the RBI restricted monetary policy to reduce the effects. 1985–1991 A lot of committees analysed the Indian economy between 1985 and 1991. Their results had an effect on the RBI. The  Board for Industrial and FinancialReconstruction, the  Indira Gandhi Institute of Development Research  and the  Security & Exchange Board of India  investigated the national economy as a whole, and the security and exchange board proposed better methods for more effective markets and the protection of investor interests. The Indian financial market was a leading example for so-called â€Å"financial repression† (Mackinnon and Shaw). The  Discount a nd Finance House of India  began its operations on the monetary market in April 1988; theNational Housing Bank, founded in July 1988, was forced to invest in the property market and a new financial law improved the versatility of direct deposit by more security measures and liberalisation. 1991–2000 The national economy came down in July 1991 and the Indian rupee was devalued.The currency lost 18% relative to the  US dollar, and the  Narsimahmam Committee  advised restructuring the financial sector by a temporal reduced reserve ratio as well as the statutory liquidity ratio. New guidelines were published in 1993 to establish a private banking sector. This turning point should reinforce the market and was often called  neo-liberal. The central bank deregulated bank interests and some sectors of the financial market like the trust and property markets. This first phase was a success and the central government forced a diversity liberalisation to diversify owner struct ures in 1998. The  National Stock Exchange of India  took the trade on in June 1994 and the RBI allowed nationalized banks in July to interact with the capital market to reinforce their capital base.The central bank founded a subsidiary company—the  Bharatiya Reserve Bank Note Mudran Limited—in February 1995 to produce banknotes. Since 2000 The  Foreign Exchange Management Act  from 1999 came into force in June 2000. It should improve the foreign exchange market, international investments in India and transactions. The RBI promoted the development of the financial market in the last years, allowedonline banking  in 2001 and established a new payment system in 2004–2005 (National Electronic Fund Transfer). The  Security Printing & Minting Corporation of India Ltd. , a merger of nine institutions, was founded in 2006 and produces banknotes and coins.The national economy's growth rate came down to 5. 8% in the last quarter of 2008–2009  and t he central bank promotes the economic development. Main functions Bank of Issue Under Section 22 of the Reserve Bank of India Act, the Bank has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government. The Reserve Bank has a separate Issue Department which is entrusted with the issue of currency notes. The assets and liabilities of the Issue Department are kept separate from those of the Banking Department. Monetary authorityThe Reserve Bank of India is the main monetary authority of the country and beside that the central bank acts as the bank of the national and state governments. It formulates implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors. Regulator and supervisor of the financial system The institution is also the regulator and supervisor of the financial system a nd prescribes broad parameters of banking operations within which the country's banking and financial system functions. Its objectives are to maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public.The  Banking Ombudsman Scheme  has been formulated by the Reserve Bank of India (RBI) for effective addressing of complaints by bank customers. The RBI controls the monetary supply, monitors economic indicators like the  product and has to decide the design of the rupee banknotes as well as coins. Managerial of exchange control The central bank manages to reach the goals of the Foreign Exchange Management Act, 1999. Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. Issuer of currency The bank issues and exchanges or destroys currency notes and coins that are not fit for circulation.The objectives are giving the public adequat e supply of currency of good quality and to provide loans to  commercial banks  to maintain or improve the GDP. The basic objectives of RBI are to issue bank notes, to maintain the currency and credit system of the country to utilize it in its best advantage, and to maintain the reserves. RBI maintains the economic structure of the country so that it can achieve the objective of price stability as well as economic development, because both objectives are diverse in themselves. Banker of Banks RBI also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit.It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations. As banker's bank, the RBI facilitates the clearing of cheques between the commercial banks and helps inter-bank transfer of funds. It can grant financial accommodation to schedule banks. It acts as the lende r of the last resort by providing emergency advances to the banks. It supervises the functioning of the commercial banks and take action against it if need arises. Detection of Fake currency In order to curb the fake currency menace, RBI has launched a website to raise awareness among masses about fake notes in the market. [pic] [pic] Policy rates and reserve ratiosBank Rate RBI lends to the commercial banks through its discount window to help the banks meet depositor’s demands and reserve requirements for long term. The Interest rate the RBI charges the banks for this purpose is called bank rate. If the RBI wants to increase the liquidity and money supply in the market, it will decrease the bank rate and if RBI wants to reduce the liquidity and money supply in the system, it will increase the bank rate. As of 25 June 2012 the bank rate was 8. 0%. latest bank rate is 7. 75% as on 29/01/2013. Reserve requirement cash reserve ratio (CRR) Every commercial bank has to keep certai n minimum cash reserves with RBI.Consequent upon amendment to sub-Section 42(1), the Reserve Bank, having regard to the needs of securing the monetary stability in the country, RBI can prescribe Cash Reserve Ratio (CRR) for scheduled banks without any floor rate or ceiling rate, [Before the enactment of this amendment, in terms of  Section 42(1) of the RBI Act, the Reserve Bank could prescribe CRR for scheduled banks between 5% and 20% of total of their demand and time liabilities]. RBI uses this tool to increase or decrease the reserve requirement depending on whether it wants to effect a decrease or an increase in the money supply. An increase in Cash Reserve Ratio (CRR) will make it mandatory on the part of the banks to hold a large proportion of their deposits in the form of deposits with the RBI. This will reduce the size of their deposits and they will lend less. This will in turn decrease the money supply. The current rate is 4. 75%. ( As a Reduction in CRR by 0. 25% as on Date- 17 September 2012). -25 basis points cut in Cash ReserveRatio(CRR) on 17 September 2012, It will release Rs 17,000 crore into the system/Market. The RBI lowered the CRR by 25 basis points to 4. 25% on 30 October 2012, a move it said would inject about 175 billion rupees into the banking system in order to pre-empt potentially tightening liquidity. The latest CRR as on 29/01/13 is 4% Statutory Liquidity ratio (SLR) Apart from the CRR, banks are required to maintain liquid assets in the form of gold, cash and approved securities. Higher liquidity ratio forces commercial banks to maintain a larger proportion of their resources in liquid form and thus reduces their capacity to grant loans and advances, thus it is an anti-inflationary impact.A higher liquidity ratio diverts the bank funds from loans and advances to investment in government and approved securities. IN OTHER WORDS ITS A TOOL SIMILAR TO CRR BUT AT HIGHER RATIO In well-developed economies, central banks use open market operations—buying and selling of eligible securities by central bank in the money market—to influence the volume of cash reserves with commercial banks and thus influence the volume of loans and advances they can make to the commercial and industrial sectors. In the open money market, government securities are traded at market related rates of interest. The RBI is resorting more to open market operations in the more recent years.Generally RBI uses three kinds of selective credit controls: 1. Minimum margins for lending against specific securities. 2. Ceiling on the amounts of credit for certain purposes. 3. Discriminatory rate of interest charged on certain types of advances. Direct credit controls in India are of three types: 1. Part of the interest rate structure i. e. on small savings and provident funds, are administratively set. 2. Banks are mandatory required to keep 23% of their deposits in the form of government securities. 3. Banks are required to lend to the priority sectors to the extent of 40% of their advances. Punjab State Co-Operative Bank [pic] 1. Introduction [pic]Welcome to  The Punjab State Cooperative Bank Ltd. (PSCB) Experience a whole new Era of Banking Technology. Where banking is made easier and convenient for our customers. The Punjab State Cooperative Bank provides you with the New Generation banking architecture to progress in the future in an evolutionary manner. Punjab State Cooperative Bank (PSCB) is customer centric. 2. History The Punjab State Cooperative Bank was established on 31st August, 1949 at Shimla vide registration No. 720 has a principle financing institution of the cooperative movement in Punjab. In 1951 its Head Office was shifted to Jalandhar from where it moved in 1963 to its present building at Chandigarh.In the cooperative Banking structure, the position of the Punjab State Cooperative Bank is extremely important as the whole credit system revolves around it. It has 19 branches and 1 extension co unters in Chandigarh. There are 20 District Central Cooperative Banks having 804 branches all over Punjab, mostly in rural areas of the State. 3. Profile |THE PUNJAB STATE COOPERATIVE BANK LTD. CHANDIGARH | |ORGANISATION | |  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The Punjab State Cooperative Bank Chandigarh  was established on 31 August 1949 at shimla vides Registration No. 720 as a | |principal financing institution of the cooperative movement in the state.It has 19 branches and 1 extension counters in the | |city of Chandigarh. 20 Central Cooperative Banks having 786 branches and 18 Extension Counters in the State of Punjab are | |affiliated with the bank. In the Cooperative banking structure the position of the Punjab State Coop Bank is extremely | |important as a the whole short term credit system revolves around it. This bank ensures that its member central cooperative | |banks follow sound banking practices and observe strict financial discipline. The Central Cooperative Banks are financin g the | |farmers through PACS at the village Level. There is no arena of life where this premier institution has not played its part. |From a farmer, artisan to traders/businessman, everybody has been covered in the fold of this institution. The green, white | |and sweet revolutions in the state of Punjab are some of the major achievement in which this institution has plays a vital | |role. | |The Punjab State Cooperative Bank has already been awarded   â€Å"BEST PERFORMANCE AWARD† from NABARD and NAFSCOB. For the year | |2003-04, Punjab Cooperative Bank has been selected for NABARD’s â€Å"Best Performance Award â€Å" which is based on performance of all| |the SCBs in the country. Similarly our Jalandhar DCCB has also been selected for NABARD’s â€Å"Best Performance Award† out of all | |the DCCBs in the country for the year 2003-04. |OBJECTIVES | |To serve as a Balancing Centre for Cooperative Societies in the State for Cooperative Societies in t he State of Punjab | |registered under the Punjab Cooperative Societies Ac, 1961 for the time being in force. | |To promote the economic interest of the member banks and cooperative societies in the state in accordance with cooperative | |principles and to facilitate the development and funding of any cooperative society registered under the said act. | |To carry on banking and credit business. | |MANAGEMENT | |The present Board of Directors was constituted in May 2005. Now the management of the bank is being looking after by the | |elected BOD. | 4.Organization [pic] 5. Board of Directors |SNO |Name |Designation |Contact No. |Address | |1. |Sh. Avtar Singh Zira |Chairman |0172-5067035 |Makhu Road,  VPO: Zira, | | |S/o Sh. Hari Singh | | |  Distt :Ferozepure | | |Zira | | | | |2. |Sh. Milap Singh S/o |Director |98147-83077 |Khajanewala house,Gobind Nagar,SW Road | | |Sh.Jasbir Singh | | |Amritsar | |3. |Sh. Gurpreet Singh |Director |94172-3778 |95, Model Town ,Phase   3 ,Bhati nda | | |Maluka   S/o   Sh. | | | | | |Sikander Singh Maluka | | | | |4. |Sh. Baljit Singh |Director |97803-00916 |VPO Salempur   P. O Bras, | | |Bhutta   S/o Sh Baldev | | |  Distt.Fathegarh Sahib | | |Singh | | | | |5. |Sh. Ravikiran Singh |Director |97804-00002 |H. No 649, Basant Avenue, | | |Kahlon  Ã‚   S/o Sh. | |97819-00001 |Amritsar | | |Nirmal Singh Kahlon | | | | |6. |Sh. Satwinderpal Singh|Director |98761-08332 |Village Ramdaspur,   | | |Dhat  Ã‚   S/o Sh. Mohan | | |  The.Dasuha  , | | |Singh | | |  Distt. Hoshiarpur | |7. |Sh. Harjit Singh |Director |98140-57531 |Khothran Road , | | |Parmar S/o Sh. | | |  Near J. C. T MillPhagwara ,   | | |Gurbachan Singh Parmar| | |  Kapurthala | |8. |Sh. Tajinder Singh |Director |97806-00019 |VPO Mithukhera   , | | |Mithukhera   S/o Sh. | |   Malot, | | |Gurnam Singh | | |  Distt. Muktsar | |9. |Sh. Dildar Singh S/o |Director |95925-83101 |Vill. Majra Kalan,   P. O. Jadlan ,   | | |Sh. Ranjit Si ngh | | |Distt. Nawanshahr | |10. |Sh. Jarnail Singh S/o |Director |97800-32206 |VPO Kartarpur, Charaso, Distt. Patiala | | |Sh. Hajara Singh | | | | |11. |Sh.Baldev Singh S/o |Director |94631-47642 |VPO Chakla, Chamakaur Sahib, Distt. Ropar | | |Sh. Gurnam Singh | | | | |12. |Sh. Baljit Singh |Director |99889-10417 |H. NO. 621,   WardNo. 11    , DerraBassi, Distt. | | |Karkaur S/o Sh. Gurdev| | |Mohali | | |Singh | | | | |13. |Sh. Kanwaljeet Singh |Director |97799-15100 |H.No 7/250, Shastri Nagar , Batala , Distt. | | |S/o Sh. Raghbir Singh | | |Gurdaspur | |14. |Sh. Sukhdarshan Singh |Director |98765-61261 |The Punjab State cooperztive Agriculture | | |Marar, S/o Sh. Narayan| | |Development Bank Ltd. ,   Sec 17 B , | | |Singh | | |Chandigarh | |15. | |CGM, NABARD |5071431,2604608 |Plot No. 3  Ã‚  , | | | | |  Sector-34 A ,   | | | | | |  Candigarh. | |16. | |Financial |2742771 |Cooperation Dept. | | | |Commissioner | |  Civil Sectt ,   | | | |Cooperation, Punjab | |  Punjab Chandigarh | |17. | |Principal Sectary | | | | | |Finance | | | |18. |Registrar, |5046814 |RCS , Punjab , | | | |Cooperative | |  Sector-17 Bays Building , | | | |Societies, Punjab | |  Chandigarh | |19. |Sh. Kamaljeet Singh |Managing Director |5061404 |Punjab State Coop. Bank Ltd. | | |Sangha |PSCB Chandigarh | |  SCO: 175-187,   | | | | | |  Sector-34A, | | | | | |  Chandigarh. | 6. AWARDS & ACHIEVEMENTS AWARDS   | |The Punjab State Cooperative Bank has already been awarded â€Å"BEST PERFORMANCE AWARD† from NABARD and NAFSCOB. For the year | |2003-04, Punjab Cooperative Bank has been selected for NABARD's   â€Å"Best Performance Award † which is based on performance of | |all the SCBs in the country. Similarly our Jalandhar DCCB has also been selected for NABARD’s â€Å"Best Performance Award† out of| |all the DCCBs in the country for the year 2003-04. | |   | |ACHIEVEMENTS   | | | |S. T. AGRI.LOAN | |The Cooperativ e Banks in the State have advanced Rs. 7536. 33 Crores as ST Agri. Loan during the year 2009-10 as compared to | |Rs. 5894. 28 crore during 2008-09. Similarly during 2010-11, Rs 8497. 15 crores stand disbursed. Against the target of | |Rs. 8300. 00 Crores. | | | |R. C. C. LIMIT | |During 2009-10 the Central Coop. Banks in Punjab have sanctioned R. C. C limits worth Rs. 2296. 62 crores  as compared to | |Rs. 2091. 75 crore of 2008-09.During the year 2010-11 the bank has sanctioned RCC limits worth Rs. 2460. 79 crore. | | | |TWO WHEELER LOANS TO AGRICULTURISTS | |Under Two Wheeler Loan Scheme the farmers can take loan up to 75% of two-wheeler’s cost or Rs. 50,000/- whichever is lower | |from the Central Cooperative Banks. During the year 2009-10, the Bank has advanced a sum of Rs. 32. 67 crore. Similarly, during| |2010-11, Rs. 29. 70 crore has been advanced against the target of Rs. 40. 00 crore. | | |HOUSING LOANS | |During the year 2008-09 Central Cooperative Banks in th e State have advanced Rs. 90. 66 Crores against the target of Rs. 80. 00 | |crores. | |During 2009-10, Rs. 86. 64 crores has been disbursed against the target of Rs. 110. 00 crore. During 2010-11 Rs. 84. 56 crore has | |been disbursed . | | | |NON FARM SECTOR LOANS | |During 2008-09 Rs 47. 72 crores were advanced under the scheme by DCCBs in the State of Punjab. | |During the year 2009-10, Rs. 48. 84 crores has been advanced. | |Similarly during 2010-11, Rs. 41. 93 crore has been advanced against the target of Rs. 55. 00 crore. | | |LOAN FOR CONSUMER DURABLES | |Under  Consumer  Durables Loan Scheme, Rs. 79. 62 crores  has been advanced during 2009-10. Similarly, during 2010-11, Rs. 78. 25 | |crore has been advanced against the target of  Ã‚  Ã‚  Ã‚   Rs. 80. 00 Crores . | | | |PERSONAL LOAN SCHEME | |Under Personal Loan Scheme, the Bank has advanced Rs. 143. 58 crore during the year 2009-10 against the target of Rs. 125. 00 | |crore. During 2010-11, Rs. 62. 41 crore has been disbursed  against the target of Rs. 150. 00 crore. | | | |DEPOSIT MOBILIZATION | |The deposit of Punjab State Coop. Bank and Central Cooperative Banks were Rs. 9819. 09 crores during the year 2009-10. During | |the year 2010-11 the deposits are Rs. 10684. 54 crore. | | | |PROFITS | |During 2010-11, there was a profit Rs. 65. 17 crore whereas 2 DCCB, namely; Faridkot and Mansa were in loss. | | |REDUCTION IN THE RATE OF INTEREST | |Rate of Interest on Crop Loan has been reduced to 7. 00% w. e. f. 01-04-2006. | 7. Future Planning and Vision |  Future Perspective | |Cooperatives are not unaffected by structural adjustments and globalization of commodity market. As a result, Cooperative Banks| |are required to redesign their strategies for sustainability and growth. The economic reforms initiated by the government of | |India in 1991 have affected the Financial Institutions ncluding the Cooperative Financial Institutions. These reforms aim at | |liberalization and deregulati on of Indian economy. | |The Cooperative Banks of Punjab have accepted the reforms in Indian economy, especially, the financial reforms in right spirit. | |Since these Banks have mainly been providing credit to agriculture sector, changes in agricultural economy affect them more | |closely. The Banks envisage following scenario as a result of liberalized agricultural policy : | |Liberalization of agricultural policy would result in greater capital intensity and borrowed capital requirements of | |agriculturists.In order to induce diversification and produce quality products for international market. For this purpose, | |Punjab farmers would need greater credit support for improved technology, seeds and agro-inputs. | |Liberalized agricultural policy would reverse the process of fragmentation of land holdings and would result in exodus of | |employment opportunities from agricultural sector to other sectors of economy. Such as small business enterprises, services and | |industrial se ctor. | |Liberalization of agriculture would professionalize and modernize agriculture, thereby earning a status of industry attracting | |high skilled professionals in agriculture sector. |Liberalized agricultural economy would lead to a greater role of private research and development institutions in improving the | |productivity and quality of agricultural operations. | |The liberalized agricultural policy would result in greater thrust on value addition in agriculture. Therefore, a great deal of | |thrust would be on agro-processing units. | |The liberalized agricultural policy would bring greater thrust on export of raw and value added agro-products. | |The liberalized agricultural economy would lead to sowing/planting of new crops. Leading to a great deal of crop | |diversification. | |With this perspective, the Cooperative Credit Policy, both for short-term and long term requirements of the farmers, needs to | |be restructured.Accordingly, the Cooperative Banks in the State r esolve to pursue credit policy in keeping with the | |following. | Vision ? We will force the future challenges with grit and take every possible step for the development of our institution. ? More steps will be taken to provide efficient services. ? Present customers will be retained and other customers will be attracted to increase market share. ? Bank will attract maximum deposit (especially low cost deposit) to strengthen its financial resources so as to reduce its dependency upon NABARD. ? Bank while diversifying its loan portfolio will provide medium term and long term loans to the maximum extent. Every effort will be made to open account of all the farmers of the State. Bank will receive deposits from Farmers and meet all their credit needs. ? Bank, for the sake of development of State, will strive hard to provide maximum and better services to customers especially farmers and for this wherever necessary, every effort will be made to modify the schemes. ? Bank will prepare it s business plan every year and by implementing it, goals set will be achieved. ? Bank will professionalize and modernize the business. 8. Training Center [pic] Introduction Agriculture  cooperative Staff Training Institute in the State of Punjab was established in 1986 by the Punjab State Cooperative Bank Ltd.With the Financial assistance from National Cooperative Development Corporation Under World Bank –NCDC Project. The main aim of setting up this institute was to provide training to the staff and committee members as well as education to the ordinary members of the Primary Agricultural Services Societies (PACS) during the project period of 5 years. After successfully completion of the Project the institute started catering to the training needs of the whole short term credit cooperative in Punjab [particularly cooperative banks from 2001. The institute is running various training programmed for different categories of staff of cooperative bank.The Punjab State Cooperati ve Bank is giving high priority for the training of its staff as well as staff of its member banks. The institute is getting full support from the bank in the field of training. The institute is acting for the development of a cadre of professional bankers to meet the challenges of changing banking scenario. Since 1991, there has been tremendous change in banking sector which had affected cooperative bank to a great extent. The Tara pore Committee, Narsimham Committee and Vaidyanathan Committee recommendations have put profound challenges to cooperative banks. The technological changes in the banking sector are also affecting these banks.This institute is aware of these transformations and has geared up its training plans. The training institute of Cooperative banks cannot remain passive but must play an active role in providing consultancy, latest knowledge and skills to cooperative banks. Acting as a catalyst in the change process, this institute has decided to diversify its activ ities to face the challenge of time. Objective ? Sensitizing the   banks of the challenges ahead and to prep[are the employees to meet these challenges ? Improving the operational efficiency of cooperative bank. ? Building up the managerial and leadership abilities among the officers for organizational effectiveness. TRAINING NEEDS ASSESSMENTThis institute assesses the training needs of the staff in the following ways. 1. Anticipation of the latest Development –  Latest developments in economic and banking sectors (Capital Adequacy Norms, Asset Liability Management, Prudential Norms, and Recommendation of various Committees) are considered as Training requirement. 2. Demand from Central Cooperative Banks –  Various central cooperative banks at different occasions approach the institute to provide training to their staff in specific area. On the request of those banks the institute conducts field programmers as per the convenience of the client banks. 3. Policy ma tters of Management  Ã¢â‚¬â€œ The institute keeps in touch with the olicy decision of the Reserve Bank of India, NABARD central Government RCS and Apex Bank Management, Institute develops and organizes training programmed for effectives implementation of these decisions. 4. Faculty Members Visit  Ã¢â‚¬â€œ Faculty member of this institute frequently visit cooperative banks at different intervals to study operational problems of the banks and to identify the training needs of the staff. 5. Audit Reports and Inspection Reports  Ã¢â‚¬â€œ These reports do provide useful indication for the training needs in banks. We continuously study these reports to find out procedural gaps and problems of the banks. COURSE DESIGN The training programmers are designed by conducting a critical analysis of training needs of Bank Staff.Each member of faculty is advised to design at least two training programmers in a year. The training programmed along with detailed course contents prepared by them is then discussed in a faculty meeting. In this meeting the members of faculty meeting. In this meeting the members of faculty share thei

5 Common Private School Interview Questions

5 Common Private School Interview Questions If your child is applying to private school for middle school or high school (usually fifth grade and beyond), he or she can expect to have an interview  with a member of the admissions team. This interaction is typically a required part of the application process and allows the admissions committee to add a personal dimension to the students application. This is an important aspect of applying to private school and is a great way for a student to enhance his or her application.   While each student will have a different experience during the interview, and each school varies in what it asks applicants, there are some common questions that many students applying to private school can expect to encounter. Your child can practice answering these questions to be fully prepared for the interview: What in Recent Current Events Has Interested You? Older students, in particular, are expected to follow current events and know what’s going on. To answer this question in a thoughtful way, students should make a habit of regularly reading their local newspaper or following local news outlets online, as well as familiarizing themselves with international and national news. Outlets such as The New York Times  or The Economist are often popular options and are available both online and in print. Students should think through their views and speak knowledgeably about events happening in the U.S. and abroad. Many private school history classes require students to read the news regularly, so it’s beneficial for students to start following current events even before entering private school. Following major news outlets on social media is another way to stay on top of breaking news and issues facing our world.   What Do You Read Outside of School? Even if students prefer to spend time on the computer rather than curled up with a paperback, they should have read three or so age-appropriate books that they can speak about thoughtfully in the interview. They can read books on their digital devices or print copies, but they need to engage in regular reading. Not only is it useful for the admission process, but it is good practice to help improve both reading comprehension and  vocabulary. While it’s acceptable to speak about books students have read in school, they should also have read some books outside of class.  Students should develop an idea of why these books interest them. For example, are they about a compelling topic? Do they have an interesting protagonist? Do they explain more about a fascinating event in history? Are they written in an engaging and suspenseful way? Applicants can think about how they might answer these questions in advance. Other reading material might include books related to a childs hobbies or recent travel that the family has done. These books can help the admission officer better connect with the applicant and provides the student a chance to speak about specific passions. Both fiction and non-fiction options are acceptable, and students should engage in reading material that interests them.   Tell Me a Bit About Your Family This is a common interview question  and one that is potentially filled with minefields. Applicants can talk about who’s in their immediate and extended family, but they should steer clear of difficult or potentially embarrassing subjects. It’s fine to state that the child’s parents are divorced, as this fact will be obvious to the admissions committee, but the applicant shouldn’t speak about topics that are too personal or revelatory. Admission officers expect to hear about family vacations, what holidays are like, or even about family traditions or cultural celebrations, all of which paint a picture of what the home life is like. The goal of the interview is to get to know the applicant, and learning about family is a great way to do this. Why Are You Interested in Our School? Admissions committees like this question so that they can assess how motivated the student is to attend their school. The applicant should know something about the school and which academic classes  or  sports  he or she might participate in at the school. It’s compelling if the student has visited classes at the school or spoken to coaches or teachers to speak in a first-hand, vivid way about why he or she wants to attend the school. Canned, clichà ©d answers such as, â€Å"Your school has a great reputation† or cynical answers like, â€Å"My dad said I would get into a really good college if I went here† don’t hold much water with admissions committees. Tell Us More About What You Do Outside of School This one is a no-brainer. Students should be prepared to speak eloquently about their area of interest, whether it’s music, drama, sports, or another area. They might also explain how they will continue this interest while at the school, as admissions committees are always looking for well-rounded applicants. This is also a chance for an applicant to share a new interest. Private schools tend to encourage students to try new things, and sharing with the admission officer a desire to try a new sport or get involved with art is a great way to show a desire to grow and expand.