Introduction to Human Resource Management Essay - 2

Introduction to Human Resource Management - Essay Example From the report it is clear that induction training is one of the important and beginning steps for the new as well as the existing employees to revitalise their creative ideas and thus contribute to the overall efficiency of the organisation. It also intends to increase the employees’ willingness motivating them to be more enthusiastic at work emphasising on both the existing and fresh employees. This process intends to be highly beneficial for the new employees motivating them to become more productive cooperative towards the company statement as well as the vision of the company by generating awareness regarding the previous records and achievements by the organisation. This discussion stresses that the next step of the induction training is to provide the information about organisational structure to the employees indicating the overall structure of the organisation. This includes the different divisions as well as the briefing about the responsibilities possessed by the employee groups. The step following this process will intend to provide a briefing about the HR Policies of the company referring it to be one of the most important facets of induction training encompassing with the different processes in the working period excluding the operation level works. It is worth mentioning in this context that the involvement of effective HR policies of an organisation signifies the different phases of the employees from the reporting time to the time when the employee decides to resign from the organisation.

Macroeconomic Situation Essay Example | Topics and Well Written Essays - 500 words

Macroeconomic Situation - Essay Example Further, it was expected that the private consumption for the year 2010 and the year 2011 would be restrained at 2.5 percent. The rate of unemployment for the year 2010 and the year 2011 has been expected to be over 9% (United Nations, 2010). It was pointed out that with the fall in the prices of houses in the United States; there will be negative influence upon the balance sheets of the households. This would further slow down the rate of consumption and thus increase the rate of savings. The low interest rates and inefficient economic conditions have evened out the weakness in the household net value. Further, the long-term related ‘government bond yields’ have declined in the United States (OECD Economic Outlook, 2010). It has been estimated that the fiscal policy of the country has been identified by the stimulus spending. Further, the remaining $470 billion is expected to be paid out in the year 2010 and 2011 with a smooth decline of its effect upon the economy (Cor porate Executive Board, 2010). It has been assessed that the rate of the Dollar has declined by 11% against Euro that was worth $1.47. The manufacturing industry is expected to rise in the US (Bloomberg, 2011).

Importance of Education Essay Example for Free

Importance of Education Essay The history of humankind is a history of progress; generations of our ancestors collected their experience, passed it to the next generation and as such were able to pass their knowledge to us. Education is the engine that moves mankind ahead, we enjoy the fruits of progress not only because the previous generations studied well but also because they passed their knowledge to us. In today’s world, driven by technology and forces to turn it into a global village, getting education is the best way to improve oneself. Studying is the best way to receive knowledge. Human knowledge collected over the generation is passed to us by teachers. Our school curriculum is structured to give us a wide breadth of information, some of this information appears to be useless but contrary to this view, this knowledge broadens our mind. An educated person critically thinks make decision and conclusions. Higher education, for instance, getting a degree helps one develop a character. In studying, we in addition to getting education are able to improve our characters. University is a social set up where we socialize, improve our communication skills and even learn how to speak in public. School set up teaches us to be responsible, persistent and assiduous. In the modern world, no career is possible without education. Not matter the devotion, desire and passion, without proper education there is no job for you. We need documented proof of our abilities to fit in the current job market. Education gives the back ground of the previous innovations without which one can hardly bring in a new idea in the world. To conclude, it is in getting education that we are able to improve our characters and state of our mind. We too become confident and more prepared to face the future. Khan sees education as knowledge of putting one’s potential to maximum use, which I totally agree with (2007).

Public and private sector banks in india

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

Essay --

Volkswagen has long positioned its TDI offerings as fuel-efficient alternatives to conventional or hybrid powertrains, but the company also has a reputation for producing go-fast diesels in the form of the Touareg TDI. Although the name Touareg might sound a little quirky, behind the Volkswagen Touareg's badging is one of the most compelling packages in today’s SUV. First developed by engineers from Porsche, the Touareg platform is the base on which both the Porsche Cayenne Diesel as well as the Audi Q7 are developed. Beneath its high-set bonnet sits a 3.0-litre TDI turbodiesel engine that boasts 242bhp. True, 242bhp may not sound like much for an SUV that weighs 2155kg, but it’s the torque that counts in a vehicle like this and it is something that the Touareg has in abundance – 500Nm to be precise. When the torque number is so much higher than the horsepower, you can anticipate good things and in this case there is an instant thrust especially when moving from a standstill, entering the freeway, powering up a steep hill or overtaking. The engine delivery is simply endless and dizz...

The Truth About Platonic Friendships :: Platonic Love and Friendship

The researcher's qualitative research consisted of speaking with platonic friends of the opposite sex in casual random settings. The qualitative research was completely random using friends by chance that had no idea of the experiment. In doing so the researcher realizes that it is unethical, but figured it was the only way to find the real answers to his problem. During the conversation the researcher at one point or another came to ask the same four questions to all of the subjects involved in the experiment. The four questions were as follows: 1) we are strictly platonic friends, right? 2) Why are you my friend? 3) Have you ever wanted to be more than friends? 4) Is it a possibility for us to be more than friends? The "so called" platonic friends names will all remain confidential in order to keep their business private. To this point there have been ten random friends that have partaken in the qualitative study. In most of the studies the answers stayed consistent. To question number one all ten subjects agreed that "Yes we are platonic friends." For question number two, all sorts of answers were recorded. Most stayed along the line of conventional reasons for being a friend. Some mentioned reasons such as cute, funny, easy to talk to and popular. Three of the ten did however mention that they in fact didn't want to be friends when we first met. They stated they were looking for ore from the beginning it just didn't happen. Question number three an astonishing seven out of ten platonic friends noted they at one point of another did want to be ore than friends. One individual went as far as to say that they quit being my friend due to the fact that she found out that I was involved with another girl. In question four again another seven out of ten friends agreed that something more could become of our friendship. Two mentioned that they had hoped that it would have already happened. Most that replied yes to question number four either looked puzzled of asked if I was still involved with my girlfriend.   Ã‚  Ã‚  Ã‚  Ã‚  In one example for the researcher was left stunned. For privacy sake we will call the subject by the fake name of molly. In the platonic informal interview with Molly the researchers exact problem was proven just the way predicted.

Corrupt Utopian Societies Essay

Have you ever imagined living in a society where everyone is the same? Can you imagine living in a society where people don’t ask questions, they just do as they are told? Winston Smith from George Orwell’s Nineteen Eighty-Four and Bernard Marx from Aldous Huxley’s Brave New World live in worlds very similar to these. They live in worlds where corruption is scarce among the common population. Winston and Bernard are from entirely different settings; however, they have an abundance of thoughts that lead them to similar places in different stories. These thoughts and actions taken by these characters are fascinating to the reader when drawn into perspective. Few times in the two novels Winston and Bernard’s thoughts draw them close to danger within their worlds because of consequences with their dictators or government. Bernard is exiled from his society to a different continent while Winston is sentenced to death after vigorous amounts of testing and torture. It is interesting to see how these characters thoughts are so different and similar at the same time, and how they lead them to their dismay. The title of my essay relays how I think about these novels in two ways. The first one being that I believe both of the books are attempted Utopias. The second reason being that although both societies are attempted utopias they turn out being the complete opposite and result in being crooked and dissatisfying. In Huxley’s Brave New World Bernard is set as an individual from everyone else right from the start. He is classified as an alpha, but is much shorter than all the other alphas. Rumors were spread that when he was in the bottle he was mistaken as a Gamma and had alcohol slipped into his blood surrogate. Bernard became more of an individual because his peers passed judgment upon him, casting him away from the social normality. By being treated like this Bernard develops an unusual way of thinking compared to others in his world. Bernard has a desire to be excluded from the social body. He wants to pursue happiness in way that is not a part of everyone else’s happiness; he wants to create his own happiness. When Bernard is with Lenina on their first date he says â€Å"†¦the real problem is: How is it that I can’t or rather-because, after all, I know quite well why I can’t-what would it be like if I could, if I were free-not enslaved by my conditioning. † (Huxley 90). What Huxley is portraying in the readers mind about Bernard, is how he hungers for diversity among himself and his peers. He wants to know how himself and others would act if they weren’t so condemned by their conditioning. This thinking is very similar to Winston’s thoughts in 1984 when Winston goes hunting for evidence that society used to be different before the party existed. When Winston is thinking about the Party in general it frustrates him that the Party claims inventing airplanes, when he knows for a fact they didn’t. To resolve this issue in his mind, he sets out on a mission to ask someone of age who might remember. These two scenarios of Winston and Bernard’s show how they want their societies to be different, but are infinitely hopeless in doing so. While Winston and Bernard share a common situation in these two novels, so do two sub-cultures. In 1984 there was a group of people called the Proles who were sanctioned off from the outer and inner Party. The Proles were left to do as they pleased, undisturbed by the Party, for the most part. Unlike outer and inner Party members, Proles are not forced to show support for the Party. Proles are also aloud to partake in sexual acts, unlike Winston, an outer Party member, who must sneak around to participate in such acts. Now, switching over to Brave New World, we recall a similar group to the Proles called Savages who live on the Reservation. The Reservation is in New Mexico and the savages are left alone there to do what they want. They are left alone because their beliefs and impacts are far too abstruse for The World State. In these ways the Proles and Savages on the Reservation are very similar. Nineteen Eighty-Four and Brave New world both share intriguing similarities but there are equally as interesting differences. One of them is the viewpoint within the two novels on love and relationships. In Nineteen Eighty-Four the party abolishes anyone who commits thought-crime. Having a sexual relationship with someone falls under this category and could get you nto a lot of trouble just as Winston and Julia did. For Winston and Julia to be able to partake in even the smallest amount time together, alone and away from surveillance, they had to construct a well thought-out and thorough plan as to not get caught. On the other hand we have Brave New World where everyone is expected to have a relationship with multiple people at the same time, and move on shortly afterwards. When Lenina tells Fanny about seeing Henry Foster exclusively for the past four months, she replies â€Å"No it really won’t do. And you know how strongly D. H. C. objects to anything intense or long-drawn. Four months of Henry Foster, without having another man-why, he’d be furious if he knew†¦Ã¢â‚¬  (Huxley 46). This shows quite well how frowned upon it is to not have multiple partners. Characters in Brave New World are expected to not only switch partners often and have multiple partners at one time, but also have sex after the first date. The government has conditioned the people to the point where there’s no real sensation in anything. Normal sensations such as tasting something, loving someone, and sexual intimacy do not exist in Brave New World or Nineteen Eighty-Four. Winston and Bernard both experience complicated love affairs in these novels, ones that have no feeling. Winston is brought up in his society with the idea that sex and relationships are prohibited. His relationship with Julia is short and only has one point, to be rebellious and get pleasure out of it while he can. In Bernard’s society he is conditioned with the idea that relationships should be short, and dissipate after a short while. In his vacant relationship with Lenina he has no genuine feelings for her. In these two contrasts you can see how well relationships and love have such a large impact on the stories. Relationships clearly made an impact on Winston and Bernard’s development throughout their stories. Another influence that affected themselves and their societies was literature. In Nineteen Eighty-Four Syme helped edit and create the book of Newspeak. Syme became obsessed with book and was highly knowledgeable with its contents and the reason it was being made. The Party eventually vaporized him due to the fact that he was became so informed about its reasoning and the point of even making it. A similar character in Brave New World, Helmholtz was convicted of almost the same thing. He produced a poem that encouraged too much thinking; it was too intellectual for The World State. This comparison examines how both governments in the two novels don’t want their people to induce too much thinking upon themselves, as to create a possible rebellion. This comparison isn’t directly about the two main characters, but it does have an effect on how they think. Nineteen Eighty-Four and Brave New World have so many strong similarities and contrasts that it makes it very difficult to only pick a few and go in depth with them. These contrasts I talked about are all evidence as to how Winston and Bernard can be so similar in their worlds and be impacted in lots of different ways. Winston and Bernard act the ways they do because no matter how many dystopian society scenarios you come up with, if you become curious enough, you will seek individualism, change, and rebellion from that society.