An Example Of Transition Economy Economics Essay

An Example Of Transition Economy Economics Essay Around 1.21 billion people currently living in India, which is about 17.4% of the global population or one, can say 2.4 per cent of world GDP in US dollar terms and 5.5 % in PPP terms. The universal wellbeing too is linked to progress in India as reflected in the eager global interest in India. But, India seems to instigate and disappoint at the same time. Where some countries raced ahead in the development process, India lagged behind. It took 40 long years for India’s real per capita GDP to double from 1950-1951 to 1990-91. But, for India 1991-92 was a significant moment in modern economic history because of a severe balance of payments catastrophe prompted far accomplishment economic reforms, unlocking its growth potential, and the result was that in only 15 years, India’s per capita income doubled again by 2006-07. If India will maintain its current growth rate then, India’s per capita income could definitely double by 2017-18 in next some years. The key pol icy reforms since 1991-92, reviewing the economic progress made so far Policy Reforms before 1991 Macroeconomic crisis of 1991 discernible a turning point in India’s economic history for two reasons. First, fiscal arrears driven external payment mishap with a dip in foreign exchange reserves to below US$ 1 billion in 1991. Second, concurrently efforts were made towards wide ranging structural reforms surrounding areas of trade, management of exchange rates and industry, public finance as well as financial sector. The main objective was to create a competitive environment to improve output and efficiency. New industrial policy fostered competition by Abolishing monopoly restrictions Terminating the phased manufacturing programmers 100% foreign direct investment Import of foreign technology De-reservation of sectors till then reserved for the public sector. Only five industries are under licensing presently, mainly on account of environmental, health, safety and strategic consi deration and two industries are reserved for the public sector and those industries are: ATOMIC ENERGY RAILWAY TRANSPORT Reservation of industrial products for the small scale sector is still an enduring issue. FDI i.e. Foreign Direct Investment up to 100% is allowed under the automatic route in most sectors, but with a few exceptions. The infrastructure sector is being in the hands of private sector. Because of the large requirements of funds for infrastructure, 100% FDI has been allowed in all infrastructure sectors. There are unmitigated tax holidays to encourage the business of development, operation, and maintenance of infrastructure facilities. The monetary policy framework and its operating procedures in India have evolved over time with the changes in the macroeconomic structure and financial markets development. After the deregulation of the financial sector, the stability of money demand became deduce. Because of that, Reserve Banks switched from monetary targeting framewo rk, to a multiple indicator approach. In this approach, many indicators available on a high frequency basis. The various indicators are: Rates of return in different markets Movements in currency, credit, fiscal position, inflation rate, exchange rate etc Refinancing and transactions in foreign exchange The objective for the financial sector was to provide operational litheness and functional self-sufficiency to all the financial institutions so that they could allocate resources more efficiently. Some of the important initiatives in the financial sector were:

Own Memories of Learning to Read or Write Essay Example | Topics and Well Written Essays - 500 words

Own Memories of Learning to Read or Write - Essay Example I remember that my parents used to subscribe to young children's magazines for me. They were stories that were silly about turtles or butterflies or the basic type of scenario for a children's book. However, they were also stories that had morals to them. I remember being read to almost every evening by my dad, a magazine that was one of my favorites. I looked forward to those magazines not only because my father would be reading me something new but also I got the mail. I enjoyed these stories and was never ready for bedtime until I had heard my story. When looking back on the instant that I began to really remember learning to read was not really reading at all. Instead, it was recollecting. I remember my grandmother reading me my favorite story. It was a book that I would always try to talk someone into reading to me. While she was reading the story, I had heard it so much that I basically had it memorized. When she stumbled upon some of the words or did not read it completely correct as I had had it memorized, I told her, â€Å"Grandma, that is not what it says there.† She would give me a puzzled look and have to correct herself to my own personal satisfaction but she was amazed at my memory of the story almost verbatim. That was the first memory I have of a milestone that taught me how to read. It was not exactly what one would call reading, but it was through word recognition. When I think back to learning how to read, I realize how differently I learned based on that milestone. While I was a fairly decent student growing up, I had my own methods of learning to read and expand vocabulary. Back then, it was a big deal to teach phonics in the classroom at a young age. This then would place emphasis on learning how to sound out words. I really struggled with phonics.

Conduct an investigation into any business organization. I choose ( Essay

Conduct an investigation into any business organization. I choose ( Ooredoo Qatar ) - Essay Example Ooredoo is a public telecommunication company based in Qatar. It provides mobile, wireless, wireline and content services (Ooredoo.om, 2015). The state partly owns the company. It was a monopoly before starting to trade publicly in 2006. Ooredoo was first launched in Kuwait in 1999 before Qatar Telecom acquired 51% Wataniya Telecom shares from Kuwait Projects Holding KSC (KIPCO) group. In 2012, Qatar Telecom (QTel) made an offer to acquire the rest of the company. It has since increased its share to 92.1%. Its name changed to Ooredoo from Wataniya. QTel itself began in 1949 but was officially established in 1987. It developed to be National Telephony Services in 1970, operated by Qatar National Telephone Services (QVTS) while international services by Cable and Wireless. Corporate social responsibility (CSR) is a duty that organizations have, other than making profits, to communities in which they find themselves. It is an emerging concept that has become universally accepted and adopted by many business entities as a way of appreciating communities and other stakeholders of organizations worldwide. CSR consumes the resources of organizations thus reducing their profits. This appears to be an inconsistency to the role of directors, which is to increase the wealth of shareholders by increasing profits. However, CSR does not start or end with the communities themselves but also with the shareholders too. Managers of organizations have a corporate social responsibility to shareholders in varied ways. The first corporate social responsibility and the most important are maximizing profits leading to good returns and dividend policies. Organizations have a responsibility to shareholders who are the owners of capital to offer them good returns. This, therefore, calls upon the managers of Ooredoo to always make favorable and attractive dividend policies, which will attract more investors and create value for the shareholders investments. It is the