How the Hip Hop Music Culture Spread Into Eastern Countries Essay

How the Hip Hop Music Culture Spread Into Eastern Countries - Essay Example Through the mandatory learning of the modern English language in Eastern countries during the 80s, to the technological revolution, including the accessibility of the internet and television, hip-hop music has been embraced, as well as evolved, within the East, as well as the rest of the world. Hip hop music originated in the United States of America in the 1970s, primarily in the â€Å"Bronx† in the state of New York in New York City (History, 2011). Though America, back then, was a for the most part considered to have a â€Å"white† majority, with many of its most successful business people being â€Å"white†, hip-hop music was actually created primarily by the African-American and Latino-American cultures (History, 2011) who chose to share their hard life and street experiences as a â€Å"minority† in a primarily â€Å"white† society through the use of â€Å"street poetry†, or â€Å"rap† music, if you will. The rhythm, rhyme and out rageous party themes of hip-hop/rap became so overwhelmingly popular that it drew crowds of all races and ages, especially the youth. However, in several of the Eastern countries, the lack of exposure to the genre caused a delay, especially in Europe, of its acceptance and evolution. Once introduced in America; however, it wasn’t long until the business people of America, regardless of the question of morality or immorality of its themes, realized that hip-hop music and the African-American and Latino-American cultures had the power to make music that could be marketed for a horrendous profit. Underground hip-hop artists and various rappers and â€Å"hip hopsters† began recording and distributing music across America. Though hip hop/rap music was not considered mainstream American music, the artists and their investors were making profits off marketing the â€Å"underground† releases.  

Historical Profile on Frank W. Notestein and Guttmacher Essay Example for Free

Historical Profile on Frank W. Notestein and Guttmacher Essay Demography is the scientific study of population size, structure(or composition), spatial distribution and development of human population overtime (McFalls, 2007). Therefore, the aim of this paper is to present a historical profile on Frank W. Notestein and Guttmacher Institute and their major contributions to the development of demography. In opening the paper began by defining demography. It will progress by introducing who Notestein was there after his contributions to development of demography. Furthermore, the paper will present a historical profile of the Guttmacher Institute. Finally, the organization’s contributions made to development of demography will be presented. A conclusion will then be drawn. Having defined what demography is the paper will now bring in who Notestein was there after his contributions to development of demography. Frank W. (Wallace) Notestein was born in Alma, Michigan in 1902, Notestein received his undergraduate degree from the College of Wooster in 1923. He received his PhD in Economics from Cornell University in 1927 and was an Economics instructor there from 1926-1927. From 1927 through 1928, Notestein worked abroad as a researcher of the Social Sciences Research Council. He began work for the Milbank Memorial Fund as a research assistant and then became a member of its technical staff from 1929 through 1936. In 1936, Notestein began as a Lecturer at Princeton University. At the same time, he developed and directed the Office of Population Research (OPR) at Princeton’s Woodrow Wilson School of Public and International Affairs with funding from the Milbank Memorial Fund. By 1941, Notestein had attained full professorship as the Director of the OPR and as a professor of Demography, holding both titles until his resignation in 1959. Notestein remained as Acting Director of the OPR for the fall 1959 term while his successor, Ansley J. Coale, took a vacation. After Notestein’s resignation, he remained involved at Princeton as a â€Å"Visiting Senior Demographer† through 1963. In addition, he was a â€Å"Visiting Lecturer in Public and International Affairs, â€Å"at Princeton beginning in 1968. He maintained both positions until June 1982.Notestein’s resignation from full professorship and director of the OPR at Princeton allowed him to become the president of the Population Council (PC) until 1968. Notestein had been a trustee of the PC since its establishment. Along with Notestein’s positions at Princeton and the PC, he was the organizer and  first director of the Population Division of the United Nations, 1946-1948. He chaired the Technical Advisory Committee on Population for the 1950 United States Census and was a member of the 1960 United States Census Committee. Notestein was a researcher of the American Academy of Arts and Sciences, the American Association for the Advancement of Science, the American Sociological Association, and the American Statistical Association. He was a member of the American Eugenics Society, the American Philosophical Society, the Council on Foreign Relations, the International Statistical Institute, the International Union for the Scientific Study of Population, the Population Association of America, and the Century Association. Notestein married Daphne Limbach in 1927; they had no children. He passed away in 1983 Notestein’s Contributions to Demography, Frank W. (Wallace) Notestein contributed a lot to the science of demography and to a better understanding of population problems in world affairs, especially through his work on family planning and population control. The following are some of the major contributions he made to development of demography. He worked for the Milbank Memorial Fund, an endowed national foundation that supports nonpartisan analysis, study, and research on significant issues in health policy, as a research assistant and then became a member of its technical staff from 1929 through 1936. Here he worked on differential fertility, the total genetic contribution to the next generation (Alter, 1992) The OPR focused on the study of the interrelation of population growth and change in underdeveloped areas and on the social and psychological factors affecting fertility in the American family. When he was the president of the Population Council (PC ) until 1968. He helped to study and promote understanding of the scientific aspects of population change throughout the world by fostering scientific theory and research in social, economic and medical fields. As the organizer and first director of the Population Division of the United Nations, he advised India’s Minister of Health on population policies and beginning a population center for training and research on demography in India in 1955. In addition, as chairperson of the Technical Advisory Committee on Population for the 1950 United States Census and as a member of the 1960 United States Census Committee, Notestein was a co-editor of the Population Index, a bibliography of population literature that was the official publication of the Population Association of American  and the OPR from 1936-1957. He co-authored Controlled Fertility in 1940 and The Future Population of Europe and the Soviet Union in 1944, as we ll as authoring numerous journal publications. Moving on further, the paper will now present a historical profile of the Guttmacher Institute . The Guttmacher Institute traces its origins from the Center for Family Planning Program Development. It was founded in 1968 by Alan F. Guttmacher (1898-1974). At the time, he was president of the Planned Parenthood Federation of America, an obstetrician-gynecologist, an author and a leader in reproductive rights. By 1968, Presidents John F. Kennedy, Lyndon Johnson and Richard Nixon had begun to call the publics attention to the problem of unplanned and unwanted childbearing and its consequences for individual women and men, their children and their communities both at home and abroad. Concurrently, the United States Congress was taking its first steps toward the development of an international population assistance program, as well as a versatile, national program aimed at providing equitable access to modern methods of birth control in the United States. By putting together nonpartisan social science research, policy analysis and public education, the Center hoped to provide a factual basis for the development of sound governmental policies and for public consideration of the sensitive issues involved in the promotion of reproductive health and rights. This purpose and commitment continue today [ http://www.guttmacher.org/sections/index.php] The Center was originally housed within the corporate structure of Planned Parenthood Federation of America (PPFA). Its program, however, was independently developed and overseen by a National Advisory Council separate from the PPFA Board of Directors. Its early development was nurtured by Alan F. Guttmacher, an eminent obstetrician-gynecologist, teacher and writer who was PPFAs president for more than a decade until his death in 1974. The Center was renamed in Dr. Guttmachers memory, and the Guttmacher Institute incorporated as an entirely independent nonprofit policy research institute with its own Board in 1977. The Guttmacher Institute maintains offices in New York and Washington. Its current staff of 78 comprises demographers, social scientists, public policy analysts, editors, writers, communications specialists, and financial and technical personnel. A few of its employees have been with the organization for most of its existence, and an  affiliation that goes back 10 or 15 years is not unusual. The Institutes work is guided by a 40-member board made up of eminent professionals from a rich variety of disciplines, as well as civic leaders from across the United States and around the world. The Guttmacher Institutes annual budget of approximately $14 million is derived largely from private foundations, government agencies, multilateral organizations and individual contributions. Contributions To begin with the organization provided a factual basis for the development of sound governmental policies and for public consideration of the sensitive issues involved in the promotion of reproductive health and rights (Srinivasan, 1998) Also, the Guttmacher I supplied information that was more current than the data from the the Division of Reproductive Health of the National Center for Chronic Disease Prevention and Health Promotion thereby providing reliable demographic information. They issued their report on 2005-May-19 which was based on 2001 2002 data. They found that the abortion rates in the U.S. continued to drop, although the rate of decrease has slowed since the early 1990s: the rate of abortion declined among women aged 15 to 44 from 21.3 in 2000 to 21.1 in 2001 and 20.9 in 2002. These are decreases of 0.8% a year .This compared with a rise in the number of abortions in the UK from 181,600 in 2003 to a record high of 185,400 in 2004 a 2% increase. Abortions for girls under 14 years of age increased by 6 %. (http://www.lifesite.net/Decline+in+Number+and/html) Bringing this discussion closer home, the Guttmacher Institute and Youth Vision Zambia partnered to collaborate on a project with the primary goal of increasing understanding among priority audiences of the incidence of unsafe abortion in Zambia, in an effort to improve access to sexual and reproductive health information and services and contribute to a reduction in the incidence of unsafe abortion. (http://www.yvz.org.zm/?page_id=75) Now in its fifth decade, the Guttmacher Institute remains committed to the mission and goals that led to its creation. For instance, the organization recently did some work on The Incidence of Induced Abortion in Uganda, where they concluded that unsafe abortion exacts a heavy toll on women in Uganda. To reduce unplanned pregnancy and unsafe abortion, and to improve womens health, increased access to contraceptive services is needed for all women.  (Ankungo, 2005) In conclusion, the paper has presented a historical profile on Frank W. Notestein and Guttmacher Institute and their major contributions to the development of demography. It can be concluded that both the person and the organization are significant to development of demography. For instance, Notstein’s study and research of the scientific aspects of population change throughout the world has fostered scientific theory and research in social, economic and medical fields. In terms of the institute, provides a factual starting point in demographic information and methods which aid governments in coming up with informed policies.

The Use Of Setting In A & P Essay -- essays research papers

The setting of 'A & P'; is quite usual for a regular grocery store on a weekday. The town is north of Boston, five miles from the beach. Since the store is right in the middle of town, banks and churches and the newspaper store can been seen from the front doors. The day is Thursday, so there is not very much business. Outside, the sun can be seen on the pavement. The main character, Sammy, is almost nineteen years old and his coworker, Stokesie, is twenty-two and married. The manager, Lengel, is gray and teaches Sunday school. The setting in John Updike's story, 'A & P';, is used as a way to show humor and realism.   Ã‚  Ã‚  Ã‚  Ã‚  Updike uses the setting in a way to show humor. In the beginning, Sammy is ringing up an older woman's groceries when three bathing suit clad girls walk in. Sammy, of course, forgets what he is doing momentarily, and rings up a box of HiHo crackers twice and the old woman catches the mistake (Updike 316). 'She's one of these cash-register-watchers, a witch about fifty with rouge on her cheekbones and no eyebrows, and I know it made her day to trip me up,'; Sammy thinks about the old woman (Updike 316). Updike also makes humorous descriptions of all the other customers. They are referred to as sheep because of the way they move about the store without anything on their minds except what is on their lists (Updike 318).   Ã‚  Ã‚  Ã‚  Ã‚  The setting also gives a sense of realism in the story, making everything describ...

Thesis: Design and Fashion

Fashion may strike the public as of little importance and even refer to it as a luxury. However, fashion is evident everywhere especially in today's society where fashion has become a meaner of self-expression. The popular society of today are becoming more and more aware of the importance of fashion in their daily lives or, to the least, in important occasions where first impression already matter. The widespread awareness of fashion entails creative minds to innovate and design not only aesthetic wise apparel and accessories but also for functional and racial purposes.In order to produce competent designers and artisans demand an institute which can address the proper training of these artistic and skilful work forces. Zebu is full of potential fashion designers and artisans therefore gaining its title as the â€Å"Creative City' of the Philippines by the London based â€Å"Creative Cities Campaign. † This campaign aims to preserve, promote, and develop the existing potenti al creative mindset of a chosen city. Living up to the standards of this campaign are schools inclined to the arts and a fashion institute would add up to this elopement as we have several internationally acclaimed fashion designers. Fashion schools will improve the acceptance of our local fashion designers and artisans professionally through proper certification of educational attainment. An institution duly credited and recognized by the academic society will boost the fashion industry in Zebu and hopefully pioneer in the whole Philippines. Existing fashion schools in the Philippines have recently branched out to other regions of the country hoping to cultivate potential fashion designers. Their curriculum strictly focuses on clothing design.There are also other schools offering courses which are related to fashion namely: make-up, styling, and fashion photography. The fashion schools in the Philippines specifically in Zebu city cater only to the involvement of designing skills wi thout the incubation of these designs. On the other hand, the training for artisans only revolve around the technical skills of production without the exposure of working with designers. Combining these two elements in one facility creates a unique academic system which promotes sustainability among students.Educational attainment in the field of the arts have unfortunately long been selected and seen only as a hobby in the Philippines. Its is only up until now where schools focusing on the arts have sprouted all through out the country. This is due to the uprising digital and commercial age. Fashion in particular is beginning to take its mark in the Philippine academic and professional scene. Putting up a fashion institute strategically located in the center of the Philippine map would cater those who aspire to become professional designers and artisans.Therefore, lessening or eliminating the need to go abroad to acquire proper education and training. In order o successfully teach and train students, who are artistically inclined to fashion, will be the use of architecture as an instrument to provide an efficient facility. The current set-up of fashion schools in Zebu are vocational trainings that prepare them only in small scale enterprise and are trained in spaces where they tend to dwell in their own personal space resulting to the elimination of learning opportunities. This type of set-up risks the sustainability of students in their future careers as designers.This imposes the need to create additional spaces that examine their learning experience. The proponents of this study intend to design a facility tailored to accommodate the spatial needs of a fashion design institute which takes advantage of learning opportunities. The proponents of this study also intend to correlate the flow of curricular activities and spaces required to attain maximum efficiency of both the architecture of the institute and the curriculum/educational system to be adapted. Thu s, this study aspires to answer the following questions: 1. What are the factors to consider in designing the proposed project? . How do paces interact with each other? 3. What configuration of spaces is most efficient for both indoor and outdoor circulation considering curricular activities and institutional operations? 4. What amenities and facilities are necessary? 5. What atmosphere is conducive for students to conveniently improve their talents and skills without influencing their aesthetic? The study seeks to introduce a new type of educational system aided with the proper facilities specifically and efficiently designed to accommodate the needs of the institute's specialized curriculum. The study aims to envision: 1 .Aims to adapt a curriculum leaning towards a holistic and comprehensive system of education. 2. Aims to improve and/or develop raw talents and skills in the field of fashion. 3. Aims to provide adequate facilities and other amenities necessary to achieve the utmo st fulfillment of the institute's educational system. The main objective of this study is to come up with a functional and effective design solution for a fashion institute in Zebu city and in the Philippines as a whole. The following is intended to be accomplished by the end of the study: 1. Research the needed space requirements for the project proposal. Research on potential industries that the community can adopt a sense of having a fashion institute. 3. Design an institution for fashion and other related courses with the proper and efficient planning of spaces in coherence with its operational and educational system. 4. Establish an actuarially design concept.

Key Logistics Activities and Technologies Related to Logistics

Introduction Logistics play a major role in our life. Most of the people might not be aware of the importance of logistics until there are problems appear. Under the pressure of arising competitive environment, most of the business entities are initiated to focus on the development of logistics. Logistics can be said as the transfers of goods and services from the point of origin to the point of consumptions effectively and efficiently in order to meet the requirement of the customers (Logistics World, n. d. ). Logistics include the distributions of raw materials, in-progress inventories, finished goods and other related information.Successful logistics enable the business entities to deliver the goods and services consistently to the correct customers on time. Based on the question given, I do not agree with the statements saying that ‘logistics is nothing more than getting goods from one point to another’. Logistics covered much more aspects and involved a lot other ac tivities other than what the statement above mentioned. There are still many different types of activities in logistics such as customer services, inventory management, material handling and packaging, order processing, procurement and et cetera.On the other hand, in order to improve the effectiveness and efficiency of logistics management, a variety of solutions and technology advancements had been introduced to the business market. The literature below will review the other activities and the technologies improvement for logistics (Stock & Lambert, 2000). Key logistics activities One of the activities involved in logistics is the customer service. Stock & Lambert (2000) stated customer service is â€Å"a customer oriented philosophy that integrates and manages all elements of the customer interface within a predetermined optimum cost-service mix† (p. 4). To design a logistics system, companies should always start with setting a strong and clear customer service objective. W ithout having a common objective for everyone in the company, decisions about order strategies, production, transportation, inventory investment, and warehousing will not be consistent and effective. Customer service objective acts as guidelines for the logistics managers in setting up targets of their performance as well as making decisions when they encounter problems in the future.Logistics play an important role in ensuring high customer satisfaction. Getting the right product to the customers under the right condition, at the right place and the right time, as well as with the right cost are the main criteria for achieving a high customer satisfaction (Stock & Lambert, 2000). For example, Kraft Foods Incorporate make sure their customers get the right products they ordered at the right time and right place regardless of whether the customers are at the hypermarket in France or a cafe in Sweden (Kraft Foods, n. . ). Other that the five rights, excellent customer services also ne ed to make sure the order and return processes are convenient to customers. The company needs to provide accurate and consistent information to customer by selling the products and services that are worth for the price. Lastly, they need to deliver the products and services on time. By providing the best customer service and fulfilling all the five ‘right’ criteria, company will be able create higher customer satisfaction and therefore gaining competitive advantage.When customers are satisfied with the products and services provided by company, they will most likely become the loyal customers and support the products and services from the company in long term scenario (Stock & Lambert, 2000). Besides that, Banning & Gibson indicate loyal customers can act as one of the advertising medium by conveying positive messages and comments to their friends and family (Banning & Gibson, n. d. ). In that way, the market share and profitability of the company will increase and at t he same time the total costs of logistics also will reduce.Other than that, inventory management is also one of the activities under logistics. In the industries now, most of the company will hold inventory to achieve economies of scale. Company usually purchase and transport all inventory at once to reduce their cost. This is because purchase in a huge amount will reduce the cost of per-unit price while having a full truckload shipment will reduce the cost of per-unit transportation. Then, company will also choose to have a greater plant capacity so that the per-unit manufacturing cost will be lower.However, holding inventory contributed a significant amount of expenses to the companies due to high storage costs, capital cost, service cost, risk cost, and some of the product can be obsolescence in short time. Therefore, the company might try to minimize the expenses by reducing the amount of inventory without interrupting the flow of the products to the customers. Since there is co nflict between economies of scale with handling and warehousing costs, companies need to find a suitable way to balance of these two criteria.For instances, company can use Economic Order Quantity (EOQ) to determine the best amount of inventory to order (Stock & Lambert, 2000). The objective of every inventory planner is controlling the inventory they hold to meet the exact amount of customers’ demand. This is because either excess or shortage of inventory will bring up significant costs to the business affecting the operation and opportunities of the business (Management Study Guide, n. d. ). In addition to that, raw materials and parts, work-in-process, and finished goods inventories are required to be considered.These inventories require sufficient physical space, capital, and personnel time to maintain and pile up. A successful inventory management will determine the amount of inventory necessitate to meet the demand of customers and at the same time consider the costs ne eded to put in the logistic activities. Besides that, excellent inventory management can increase the cash flow and return on investment. Nowadays, many companies start paying more attention to inventory control especially on the products that can become obsolete in short time, such as high-tech merchandise, automobiles, and seasonal goods (Stock & Lambert, 2000).For example, in April 2005, Mazda Motor Corporation comes out with its Mazda Materials Management Planning (M3P) which is an inventory control system. The system of M3P improved inventory levels, enhanced the speed of supply, and ensure the Mazda’s retail and service operations are smooth all the time. Other than that, M3P also brings benefits to customer such as providing better customer service and shorten the length of responding time (Mazda, 2005). Furthermore, logistics need to take care of the material handling and packaging in the company.Material handling takes part in managing the flow of raw materials, in-p rocess inventory, and finished goods inside a warehouse. The costs of firm will increase for each and every item handled. Since handling the item will not increase the value of a product but incur more costs to the company, company should always try to reduce the number of material handling wherever possible by decreasing the inventory. Then, materials handling design the plan to reduce distance travelled of the materials and minimize the work-in-process of the materials.Other than that, material handling makes sure the materials can flow through the process consistently without having troubles. Lastly, material handling will find ways to decrease the possibility of getting losses from breakage, waste and spoilage (Stock & Lambert, 2000). On the other hand, packaging is the process of getting the container and wrapper to hold the products (Reference for Business, n. d. ). In logistics aspect, packaging of the products can act as a barrier to prevent the products from getting damaged during transportation of the products or storing the products.Furthermore, product with appropriate packaging is easier to be move or store. However, packaging will add up space and weights subsequently incur more cost. Thus, many people in this area always spend time in thinking ways to reduce to space and weight of the products after packaging (Stock & Lambert, 2000). A successful packaging strategy can help a firm to strengthen its competitive advantages such as optimizes service, cost, and become more convenient (Learn Marketing, n. d. ). When a product go international, the packaging will becomes more important to a company.The products are required to travel more distances and need more physically handling if compare to domestic packaging (Stock & Lambert, 2000). Additionally, order processing is taken to account when discussing about the activities of logistics. Order processing is the  process or work flow that starts with the receipt order from customer, followed by veri fying the order status and communicate about the order with customer, while lastly making order and ensure the availability of the products to satisfy customer’s needs (Jetef, n. d. ). Order processing can divide into three groups.The first group is the operational elements, including order shipping, setting preparation, order entry, scheduling, and invoicing. Next group is the communication elements, for example, order status inquiries, order modification, error correction, tracing and expediting, and product information requests. The last group of order processing is the credit and collection elements, such as accounts receivable processing and credit checking. The quality and speed of the information flow provided by company during the order processing to their customers can affect the cost and the efficiency of the entire operation.If the information flows are slow and erratic, the company will not only suffer from decreasing in customer, but also increasing transportatio n, inventory, and warehousing costs. The faster and more accurate the service the company can provide, the greater the customers satisfaction obtained by the company. Information system today can help in order processing by making the time of order processing to become shorter between order placement and product shipment. For example, customers’ order can be placed and sent to the company’s computer directly by using electronic data interchange (EDI).Decision support system (DSS), quick response (QR), efficient consumer response (ECR) and et cetera are other information system that can help the company to improve order processing and achieve customer service goals at competitive cost. Information system not only helps company to improve its speed, quality, and accuracy of order processing, but also help company to save some logistics expenses like transportation and inventory while boosting up the sales (Stock & Lambert, 2000). Finally, the last activity of logistics t hat this literature will discuss is procurement.Procurement is the effective purchasing of goods and services to make sure the manufacturing and logistics processes of the firm are run in effectiveness. In order for the company to ensure them to obtain the supplies that can meet their requirement in terms of time, location, quality and quantity, the company is required to procure suitable goods and services (Procurement, n. d. ). The procurement function includes supplier selection, determination of the form of material to acquire, purchasing time, pricing and quality control.According to WiseGEEK, while â€Å"procurement logistics are the processes used in the delivery, receipt, movement and storage of materials purchased for a business or organization†. The goals of procurement are to minimize the costs at the same time increase the service provided (WiseGEEK, n. d. ). In the purchasing process, the most important task is to choose the best supplier from all the potential v endors. The purchasing process is complicated. Decision makers and decision influencers from decision making unit (DMU) need to go through twelve steps of buying process when purchasing items from supplier.If company is doing routine buying, then some of the steps can be skipped (Stock & Lambert, 2000). When making purchasing decision, DMU also need to consider the number of orders, lead time requirements, delivery expectations, product reliability, drop-off locations and others. All of the final price of products should be including transportation and storage cost. Company can usually try to minimize these hidden costs by requesting just-in-time delivery from supplier (WiseGEEK, n. d. ). In short, paying enough attention o the management of purchasing cost as well as the evaluation of purchasing performance can lead to increasing profitability of a company (Stock & Lambert, 2000). Technologies related to logistics Due to an increase in attention paid on the logistics, experts start ed to develop more and more ways to improve the effectiveness and efficiency of logistics through acquiring the technologies. One of the most significant improvements made by technology is the Electronic Data Interchange (EDI) (Stock & Lambert, 2000).EDI is the exchange of business messages and information through computers of the trading partners via communication cables with standard protocols and standard data formats (EasyLink Services, n. d. ). For example, EDI can be used when there are purchase orders. Organizations are able to make a purchase order with their suppliers through computers. EDI is more convenient for the organizations as the usage of internet are more and more common (Stock & Lambert, 2000). According to GXS, there are a few advantages of using EDI in logistics.EDI will transform most of the paper works into electronic base. Many of the procedures can be done automatically and quickly through the advancement of technologies. Therefore, the time taken to complet e the process will be reduces significantly. It promotes the efficiency of the organizations which leads to the increase of productivity. Besides, EDI replaced human to key in the data of the organizations routinely. When there are less human works, the probability of getting error in data entry will be reduced drastically or even eradicated.Furthermore, the data transferred among the computers are using the standard and same formats. This ensures that the data transferred to the receivers will be analyzed accurately and correctly. Thus, the communication error between the sender and receiver is diminished. The diminished in error will subsequently raise the efficiency of the organizations as well since there are less likely for the organizations to repeat the procedures and make corrections on the mistakes (GXS, n. d. ).In addition to that, EDI can also increase the accuracy of inventory and reduce the cycle time and thus reduce the cost of inventory. In such, EDI increases the pro ductivity while reducing the costs as well. With the development of the internet, EDI is free if it flows through the internet instead of VAN. Many major companies such as NASA Goddard, UNISYS and AVEX Electronics are now using EDI supported by the internet (Stock & Lambert, 2000). Bar coding is another technology advancement that contributes to the improvement of logistics.Bar coding are commonly use in our daily life such as the products in supermarket. Bar codes are a row of parallel bars distanced with a number of gaps with different width. They able to convey different messages in the form of letters, numbers and special characters based on the array of gaps between the bars. A beam of light is used to interpret the information of the bar codes and sent it to the computers. These codes are used mainly on tracking and security purposes. They are important in decreasing the probability of errors compare to key in the information manually.Statistics showed that the bar codes error rate is one out of hundred thousand while the error rate of manually key in data is one out of thirty. It had clearly showed that the error rate had been improved significantly (Stock & Lambert, 2000). In relation to the bar codes, as said by Lyne, Quick Respond (QR) codes from Japan are also introduced to the society. QR codes is a two dimensional barcodes that normally stored with specific links contained with extra information. QR codes are named because it can be scanned quickly even with the smart phones that installed with QR codes reader.It is convenient for the consumers to obtain certain information about the products since it does not required a specific code reader device just like that bar code reader. Furthermore, QR codes able to store more variety of information instead of letters, numbers and special characters only such as url links and geo coordinates. QR codes are enable the customer to know about the product details, contact details, coupons or event a link to Y ouTube video for further information (Lyne, 2009).For instance, the product code, manufacturing history, expiration date and other data can be encoded in the QR codes. Coca-cola had used this feature in their logistics management at Chukyo. They are able to check for the quality and track the products easily using QR codes (Sundaramurthy, n. d. ). Management Information System (MIS) is also one of the technologies used to improve logistics. A successful MIS is able to provide sufficient and relevant information for the managers in order to make an effective decision.There are five areas that MIS need to fulfil which are the timing, accuracy, relevance, completeness and consistency (Office of the Comptroller of Currency, 1995). MIS should be able to provide the latest and current information using the shortest time. The information collected should be checked buy auditors as well as ensuring the information is useful. Unwanted information need to be filtered and the relevant informat ion need to be summarize completely. Lastly, the method in processing and compiling the information need to be consistent so that the manager will not misunderstand the information.MIS is important in logistics for collecting, analyzing and interpreting the information from various aspects such as the suppliers, resources, transportation and so on. MIS can make sure there is no interruption n the supply chain. A well managed MIS allowed the organizations to control every detail in different region in a faster time (Stock & Lambert, 2000). In real example, World Health Organization need to have an uninterrupted supply of drugs through the supply chain to ensure the increasing number of HIV/AIDS patients are able to get their treatment (World Health Organization, n. d. ).

Acute Abdominal Pain Essays

Acute Abdominal Pain Essays Acute Abdominal Pain Essay Acute Abdominal Pain Essay Assessment of the patient with acute abdominal pain Karen DeLawder Chamberlain College of Nursing NR305: Health Assessment Spring 2011 Assessment of the patient with acute abdominal pain Introduction Assessment of the patient with acute abdominal pain is an article published in the Nursing Standard Journal in the June 2006 issue, written by Elaine Cole, Antonia Lynch, and Helen Cugnoni. This article gives an in depth look at common diagnosis associated with abdominal pain. With each diagnosis the article gives common statistics such as occurrence, need for urgent treatment or emergent surgery. It provides a detailed list of signs and symptoms for each diagnosis as well as what test or procedure that needs to be performed to diagnose each. The article provides very useful information on the nursing care that patients with abdominal pain may require. Summary of Article It is very hard to determine the cause of abdominal pain because of the multiplicity of signs and symptoms and all people describe pain differently. It is very important to take a good medical history as this can provide 70 per cent or more of the clues that may lead to the diagnosis. A nurse must familiarize themselves with the anatomy of abdomen. The organs located in the abdomen are: the stomach, spleen, liver, gall bladder, pancreas, kidneys, small intestine and large intestine. The organs in the pelvis are: the bladder, caecum, appendix, sigmoid colon, rectum and female reproductive organs. (Cole, Lynch, Cugnoni, 2006). It is very important for the nurse to also learn the location of each organ, as this will help pin point what actually may be causing the abdominal pain. The right lobe of the liver, duodenum, head of pancreas, gall bladder, and sections of the ascending and transverse colon are located in the right upper quadrant of the abdomen. The left lobe of the liver, spleen, body of pancreas, stomach and sections of the descending and transverse colon, are located in the left upper quadrant of the abdomen. The caecum, appendix and a section of the ascending colon are located in the left lower quadrant to the abdomen. The sigmoid colon and section of the descending colon are located in the left lower quadrant of the abdomen. Cole, Lynch, Cugnoni, 2006). â€Å"Acute surgical emergencies constitute about 50 percent of all general surgical admission. About half of these are for abdominal symptoms, predominantly pain, and half of this group resolve without operation. The rest undergo emergency surgery or a scheduled procedure during the same admission. † Birkitt and Quick 2002. (As cited in Cole, Lynch, Cugnoni, 2006, p. 68). Appendicitis i s the most common cause for emergency surgery. Some other common causes of abdominal pain are biliary colic, cholecystitis, gastrointestinal disease, ectopic pregnancies, pelvic inflammatory disease, hepatitis, abdominal aortic aneurysm, pancreatitis, peritonitis, urinary tract infection or pyelonephritis, which is when the infection in the urinary tract has reached the kidneys. Of course there many, many more disease processes that can cause abdominal pain, but these are the ones that are seen most often. (Cole, Lynch, Cugnoni, 2006). â€Å"A systematic approach to assessment should be used so that vital information is not overlooked. Questions should be asked about: pain, associated symptoms, past medical and medication history and social and family history. † (Cole, Lynch, Cugnoni, 2006, pg. 71). The nurse must ask the patient to point to the area where they are having the pain. They should determine when the pain started, if it is constant, if it is sharp, stabbing pain, dull ache, radiating or burning sensation. They should ask if there is anything in particular that causes the symptoms to worsen or better, such as position changes, certain foods or hot or cold liquids. It should also be determined whether or not the patient has had any changes in appetite or weight loss without dieting, as these symptoms can be caused by abdominal malignancies. (Cole, Lynch, Cugnoni, 2006). The physical assessment would include vital signs. Increased temperature, heart rate, respiratory rate and blood pressure can be indicative of serious conditions such as: infection, hypovalemic shock, septicemia, or dehydration . Patients with increased blood pressure and pulse must have an electrocardiogram to rule out cardiac causes for abdominal pain. Other important test would be blood glucose measurement as high readings in a patient that is not diabetic can indicate pancreatitis, also blood test will be ordered to help in obtaining a diagnoses. Most patients that present with sever abdominal pain will be kept nothing by mouth, in case they need surgery and will require Intravenous fluids, pain medications and anti-emetics. (Cole, Lynch, Cugnoni, 2006). Evaluation of Article This is an excellent article for nurses it provides excellent information for nurses to utilize immediately to sharpen their assessment of patients with acute abdominal pain. With the information provided in this article, the nurse will be able to determine whether or not the patient is suffering from acute or chronic abdominal pain. This article gives detailed information on where to locate all the in the abdominal cavity and within the pelvis, it also details which organ is found in each quadrant of the abdomen. This article gives us list of the most common causes of abdominal pain. The article gives just enough information on each of these causes without overwhelming the nurse. The approach to this article is simplistic and this writer found it enlightening and very easily understood. This article would be an excellent resource for any nurse in any setting that practices patient care, since this topic is one of the most common causes for trips to the emergency room. (Cole, Lynch, Cugnoni, 2006). After reading this article this writer has developed useful knowledge that will help in completing a thorough exam and one that may determine whether the patient requires emergent care. The article also gives detailed information on how to differentiate between the diagnoses which can also help in the process of triaging the patient in the emergency room. The journal author goes on to describe the different types of fluids and why one type of fluids may be the better choice for the patient depending on their symptoms. For example; a patient with acute abdominal would need crystalloid type fluids such as 0. 9% sodium chloride which is usually first choice of doctors. Patients suffering from hypovalemic or septic shock would need colloids which will help increase the patient’s blood pressure. Cole, Lynch, Cugnoni, 2006). The author also explains the importance of administering analgesics to the patient’s suffering with acute abdominal pain and the perception that nurses that if they administer analgesia before the diagnoses is obtained can some how interfere with that process. The author states that this thought process has been unfounded. And diagnoses accuracy was no different between patients who had analgesia and those who did not. (Cole, Lynch, Cugnoni, 2006). Conclusion This article provides practical information for use by nurses in emergency room settings. It gives very detailed information on the location of every organ in the abdomen and pelvic region so the nurse can establish possible diagnoses. This article would be very useful to any level of nurses, new graduates to the experienced nurse. I found this article to be a very useful tool in helping nurses fine tune their assessment skills with the patient suffering from acute or chronic abdominal pain. References Cole, E. , Lynch, A. , Cugnoni, H. , (2006). Assessment of the patient with acute abdominal pain, 20(39), p. 67-75.

Your Future in 180 Minutes Exam

Your Future in 180 Minutes Exam Everyone has the right to education and base on merit, higher education should be made available to everybody. In fact, international law recognized access to higher education as the universal human right but states over-emphasis on individual academic performance and aptitude exam denied many students of such right. YGS is Turkey’s 3 hours, 160 questions multiple-choice Transition To Higher Education Examination. The score from this exam determines which course a high school graduate should take in college. Critics of YGS argue that the 180 minutes exam is unfair. One reason according to TED or Turkish Education Association is that YGS is trying to cover all the knowledge students acquired from his or her 12 years of education through 180 minutes multiple-choice exam. Another is the fact that instead of increasing the capacity of universities, the examination limits people from getting a college education. Normalizing Exclusion of Students from Higher Education There are about 2 million high school graduates took the YGS examination this year and many of these students have difficulties  solving math questions (see How to solve Math problems), and very long  reading comprehension questions. High School graduates who will be lucky enough to pass YGS can proceed to college while the unfortunate ones can only apply for associate degree programs. HOW TO GET GOOD GRADES Problems with the transition from secondary to higher education are not unique to Turkey. In Ireland for instance, transition exams led to the development of teaching and learning centers that many believed narrowed students focus on education towards exam preparation and exam success rather than engaging in teaching and the learning process. It promotes the type of knowledge asked in the exam. It instills negative values that getting a college education is simply a matter of answering as many questions as you can. More importantly, such exams normalized the exclusion of students from higher education. Graduates Right to Benefit from Higher Education Graduates of secondary education should be allowed to pursue higher education according to their interest and ability. Historically, inequality in access to higher education is political and educational policy issue. According to OECD or the Organization for Economic Cooperation and Development, the Matriculation Examination system, a yearly exam often administered by the Ministry or Department Education of member countries, is an impediment to economic development. The pass/fail system in particular significantly reduced the number of students who can go to college and increased the number of people without formal education. In Myanmar for example, out the 469,000 high school graduates who took the Matriculation Exam, only 35% passed the exam. By analysis, the exam forced about 300,000 teenagers to move away from the education system and find work with secondary education certificate as highest qualification. Higher education appears to be a possibility rather than rights as the majority of secondary school graduates had difficulties in passing transition exams. Similarly, higher education is also not according to individual wishes or field of interest because exam passers’ college courses are dependent on their respective exam scores. Moreover, as transition or matriculation exam is the only route to higher education, secondary school graduates are likely to enter the informal sector or work illegally as minors in formal enterprises. COLLEGE STUDENTS Everyone has the right to education and base on merit, higher education should be made available to everybody. In fact, international law recognized access to higher education as the universal human right but states over-emphasis on individual academic performance and aptitude exam denied many students of such right.

Louisa Adams, First Lady 1825 - 1829

Louisa Adams, First Lady 1825 - 1829 Known  for:  Only foreign-born First Lady Dates:  February 12, 1775 - May 15, 1852  Occupation: First Lady of the United States 1825 - 1829 Married to: John Quincy Adams Also known as: Louisa Catherine Johnson, Louisa Catherine Adams, Louise Johnson Adams About Louisa Adams Louisa Adams was born in London, England, making her the only US First Lady who was not born in America. Her father, a Maryland businessman whose brother signed the Bush Declaration of Support for Independence (1775), was the American consul in London; her mother, Catherine Nuth Johnson, was English. She studied in France and in England. Marriage She met American diplomat John Quincy Adams, son of American founder and future president John Adams,  in 1794. They were married on July 26, 1797, despite the disapproval of the grooms mother, Abigail Adams. Immediately after the marriage, Louisa Adams father became bankrupt. Motherhood and Move to America After several miscarriages, Louisa Adams bore her first child, George Washington Adams. At that time, John Quincy Adams was serving as Minister to Prussia. Three weeks later, the family returned to America, where John Quincy Adams practiced law and, in 1803, was elected a US Senator. Two more sons were born in Washington, DC. Russia In 1809, Louisa Adams and their youngest son accompanied John Quincy Adams to St. Petersburg, where he served as Minister to Russia, leaving their older two sons to be raised and educated by John Quincy Adams parents. A daughter was born in Russia, but died at about a year old. In all, Louisa Adams was pregnant fourteen times. She miscarried nine times and one child was stillborn. She later blamed her long absence for the early deaths of the two older sons. Louisa Adams took up writing to keep her mind off her grief. In 1814, John Quincy Adams was called away on a diplomatic mission and, the next year, Louisa and her youngest son traveled in winter from St. Petersburg to France a risky and, as it turned out, challenging journey of forty days. For two years, the Adams lived in England with their three sons. Public Service in Washington On returning to America, John Quincy Adams became Secretary of State and then, in 1824, President of the United States, with Louisa Adams making many social calls to help him get elected. Louisa Adams disliked the politics of Washington and was fairly quiet as a First Lady. Just before the end of her husbands term in office, their oldest son died, perhaps by his own hands. Later the next oldest son died, probably as a result of his alcoholism. From 1830 to 1848, John Quincy Adams served as a Congressman. He collapsed on the floor of the House of Representatives in 1848. A year later Louisa Adams suffered a stroke. She died in 1852 in Washington, DC, and was buried in Quincy, Massachusetts, with her husband and her in-laws, John and Abigail Adams. Memoirs She wrote two unpublished books about her own life, with details about life around her in Europe and Washington: Record of My Life in 1825, and The Adventures of a Nobody in 1840. Places:   London, England; Paris, France; Maryland; Russia; Washington, D.C.; Quincy, Massachusetts Honors: When Louisa Adams died, both houses of Congress adjourned for the day of her funeral. She was the first woman so honored.

The debate about a woman's appearance and sexuality Essay

The debate about a woman's appearance and sexuality - Essay Example However, sexualizing the woman imagery has led to increased immorality. Speaker 1: I totally differ with based on your support for sexualized imagery of women in popular culture. Portrayals of women in modern media are becoming hyper-sexualized, and this has such daunting repercussions as escalated legitimization of violence against women, increased sexual harassment as well as increased anti-women attitudes amongst males (American Psychological Association (APA) Task Force, 2007). In addition, increased body dissatisfaction and eating disorders among males and females as well as reduced sexual satisfaction among men and women. Speaker 2: I do agree with your assertions on the consequence attached to sexualized depiction of women in the modern culture. However, my contention is on the notion that there is something wrong with sexualized imagery of women since to me I only see this as a representation of power. Right? Speaker 1: Hmmm. Let me help uncover something that you seem to be missing. As discovered by a study by University at Buffalo, sociologist unearthed that depiction of women in the popular media has even been pornified. Speaker 1: Let me try to accommodate your viewpoint. However, I will draw your attention to Hatton’s quote on the findings of the research at the University at Buffalo.† We don’t necessarily think it’s problematic for women to be portrayed as sexy. But we do think it is problematic when nearly all images of women depict them not simply as sexy women but as passive objects for someone else’ sexual pleasure.’ Speaker: According to my understanding of Hatton’s assertion is that, depiction is not the issue but the issues lies with the audience. It is the audience own evaluation of the imageries as objects for sex; however portrayal is not bad. Speaker 1: The concern arises from the representation. The consequential damage is attached to those portraying

Westerhoff Book Critique Assignment Example | Topics and Well Written Essays - 750 words

Westerhoff Book Critique - Assignment Example (Westerhoff 1994, ix) The ideas presented in the book are logical, simple, and realistic where the professor uses a lot of examples and related life stories to explain his point. Rev. Dr. John Westerhoff, III taught at Harvard and Duke University Divinity School and was also part of the ministry first at the United Church of Christ in Needham, MA, and later became a priest in the Episcopal Church. (Bramer 2009) The professor is an author of a number of books already which are also about faith and spirituality. Spiritual Formation focuses on how living a spiritual life affects preaching and teaching in our time and the issues concerning them. In the same way that we cannot give what we do not have, the professor said in his book that the best teachers and preachers he has known were persons who taught and preached out of the depths of their own life experiences. (Westerhoff 1994, 32) Most educators I know do believe that experience is indeed the best teacher. I guess I can say they were also very good at their profession. Yet teaching and preaching in the light of spiritual formation is not achievable by the mentor alone. One word that links the sender (the preacher or the teacher) and the receiver (students and other recipients) is the word â€Å"learning†. Learning is a two way process. It involves not only the participation, but also first of all the interest, more so the willingness to learn of the student. As the professor out it in his book introduction, â€Å"Today, spiritua l formation is a major concern of faculty and students† (Westerhoff 1994, ix). He also quoted Nouwen that â€Å"someone must be willing to let his or her life be a resource for the other’s learning; and if there is any truth, it will break in from the outside and illuminate both the teacher and the learner.† (Westerhoff 1994, 41) In this process both teacher and student learn and in this sense, Westerhoff added that the learner needs to be

What is the relationship between text messaging and literacy Research Paper

What is the relationship between text messaging and literacy - Research Paper Example t the exposure to text messaging and their counterparts who do not have access to SMS might be contributing, positively, to the literacy skills development among 9 to 10-year-old-children (Wood 35). Furthermore, past studies analyzed by Verheijen report a positive correlation between the use of SMS and literacy levels among users (Verheijen 588). Belying the findings of these studies, however, is the viewpoint among older generation researchers and academicians that text messaging has negative correlations to improving learning skills among users. They argue that text messaging has contributed detrimental implications on learners as opposed to its emphasized importance by recent researchers. They present counterarguments justifying their disapproval of the importance of text messaging on learning. They cite the negative implications of technology on learners as justification to their opposing viewpoints to the debate while attributing the effect of text messaging. Text messaging affe cts literacy positively by encouraging open discussions and communication. Although older generation researchers and academicians argue that technological developments in communication have detrimental implications on the youth and future generations, it is justifiable that text messaging has a positive influence on literacy levels by encouraging communication and open discussion. Worldwide text messaging is a popular activity and the number of text messages sent continues to enlarge. In Wood’s analysis of the situation, he says, â€Å"texting supports spelling development amongst children because they get to understand abbreviations and the words they represent†. The use of the texting abbreviations leads to phonological awareness and processing and this result to spelling. On the other hand, not all the children who are good in spelling are capable of using creative ‘textisms’. Thus, rehearsal of such creative text slangs and the words they represent is a beneficial skill. If

Marketing Research on Selected Two Major Competing Brands Essay

Marketing Research on Selected Two Major Competing Brands - Essay Example As the paper stresses the marketing case study analysis of the Google Inc presented by Abt had demonstrated the marketing programs of Google precisely. Taking insights from his work, the most important facet of Google’s marketing program is that it aims to make its applications and products accepted by all the market segments. Another important aspect of Google is that it allows both private and non-profit organization to use this search engine at absolutely free of cost. It is of no surprise to mention that Google works on the marketing motto that information gathering is a phenomenon of individuals, non-profit organizations and small and large businesses. This discussion declares that the external environment of Google is dynamic in nature and thus also provides opportunities and threats to the search engine. Google is on high demand and to remain competitive in this dynamic environment, it needs to predict the changes and accordingly adapt systems, cultures, strategies and also the process of alignment with the changes. In this respect, Google until now has undertaken several changes like that of the decision taken by Larry Page to step down from the role of Vice President and make Eric Schmidt the front man for Google (CEO). This indicates that Google follows dynamic strategies within its internal environment to cope up with the ever changing external environment. Google holds the top most position in the web and this position allows it to control any of the growth areas. Google has been so far applying marketing penetration strategies in the web industry for remaining on top. Free exposure and free benchmarking are some of the stra tegies that have been helping Google over the years. They always keep themselves aware of the competitive positioning and this trait of the company helps in achieving the competitive advantage over other competitors. The strongest element of Google’s marketing mix is their ‘universal search product’. This element always allows Google to either vote for or against any form of information and it is believed that this product type of Google is the ultimate generator of its

Why a College Degree is Important in Achieving Success Essay

Why a College Degree is Important in Achieving Success - Essay Example The job marketplace has changed due to the shift in developed nation towards a knowledge economy. In the social reality of the 21st century, people must seek education in order to get ahead in life.   A person’s level of intelligence does even if is really high, does not make a human exempt from the need of obtaining a college degree. Not having a college diploma closes many doors in the corporate world and limits the job alternatives a person can apply for. A person who has a bachelor’s degree earns an average salary of $51,554, which is much higher than the $28,645 average annual salary a person with a high diploma earns (Kelley, 2006). A college degree is a worthwhile investment in everyone’s future. Sometimes a young person has a tough time choosing a major when considering applying for college; it is worthwhile noting that most people do not end up working in their college field of study (Agoinst, 2008). A college degree does much more than providing a human with a specific skill set that can be applied to particular work field. It is a maturing process in which a student learns interpersonal skills, responsibility, the ability to analyze information, and many other cognitive abilities which increase the value of a person in the entire labor marketplace. In an economic environment such what were are seeing in the United States where there are massive jobs losses and a rising unemployment rate which in November 2008 reached 6.7%, the highest level in over a decade, workers must become more knowledgeable and skilled to compete in the job marketplace (Bls, 2008). A college degree is more important than ever. The new jobs being created in the new economy required knowledge of new technologies and people better prepared to handle vast amounts of information.  

Marketing Research on Selected Two Major Competing Brands Essay

Marketing Research on Selected Two Major Competing Brands - Essay Example As the paper stresses the marketing case study analysis of the Google Inc presented by Abt had demonstrated the marketing programs of Google precisely. Taking insights from his work, the most important facet of Google’s marketing program is that it aims to make its applications and products accepted by all the market segments. Another important aspect of Google is that it allows both private and non-profit organization to use this search engine at absolutely free of cost. It is of no surprise to mention that Google works on the marketing motto that information gathering is a phenomenon of individuals, non-profit organizations and small and large businesses. This discussion declares that the external environment of Google is dynamic in nature and thus also provides opportunities and threats to the search engine. Google is on high demand and to remain competitive in this dynamic environment, it needs to predict the changes and accordingly adapt systems, cultures, strategies and also the process of alignment with the changes. In this respect, Google until now has undertaken several changes like that of the decision taken by Larry Page to step down from the role of Vice President and make Eric Schmidt the front man for Google (CEO). This indicates that Google follows dynamic strategies within its internal environment to cope up with the ever changing external environment. Google holds the top most position in the web and this position allows it to control any of the growth areas. Google has been so far applying marketing penetration strategies in the web industry for remaining on top. Free exposure and free benchmarking are some of the stra tegies that have been helping Google over the years. They always keep themselves aware of the competitive positioning and this trait of the company helps in achieving the competitive advantage over other competitors. The strongest element of Google’s marketing mix is their ‘universal search product’. This element always allows Google to either vote for or against any form of information and it is believed that this product type of Google is the ultimate generator of its

Society in the 1905 Movie Review Example | Topics and Well Written Essays - 500 words

Society in the 1905 - Movie Review Example Instead of being morally upright, people were wicked; Shane was drowned uncomfortably to Sharret’s wholesomely lovely wife, Miriam (You tube). When Shane and other homesteaders went to town, He got involved in fist fighting with Ryker’s men. They ended up beating these men with Joe’s help, and the salesperson ordered them out. Ryker asserts that, with the help of his men, they will slay the next time when either Joe or Shane goes back to the town. This shows that, in this society, war was inevitable anywhere at any time. As tensions build up between the parties, Ryker hires an experienced gunslinger Wilson. After Wilson had murdered ex-confederate Frank Stonewall Torrey, a high tempered Alabama homesteader who was stopping him, homesteaders organized a funeral. Most of the homesteaders planed to leave the valley upon death of their strongman. This shows that, in this society, only the fittest could survive (You tube). The society was administered by warlords who kill others mercilessly. Joe Sterrett decides to execute Wilson and Ryker by firing several bullets on them. His first objective was to save the town. Joe continues to be free, and no action is taken against him. Could there be structured administration, Joe could have faced trial. The homesteaders felt unsecure since they are not strong enough to defend themselves. The society had vengeful characters; this is shown when the homesteaders saw a fire burning at a distance after funeral. The fire was set by Ryker’s men on one of the homesteaders’ house. A certain section of the society was forgiving but fearful. This is shown when the homesteaders decided to stop fighting, they re-embark on construction of their houses, even though, they fear that their houses could be set a blaze by their rivals. Joe decides to kill Wilson and his counterpart with the aim of saving the town. This

Explain How to Plan Essay Example for Free

Explain How to Plan Essay Define the key concepts and principles of assessment Assessment is the way of finding and documenting that learning has taken place. It also enables you as the assessor to identify if the learner has achieved the required competencies, skill and knowledge needed at the given point of assessment towards their qualification. Assessment need to be a regular process built into the training program. The starting point of assessment is the pre-course information. It must be explained when assessment is taking place and what form the assessment will be in. Criteria for success must also be given. Explain the responsibilities of the assessor Attending meeting, exhibitions, award ceremonies, presentation events; Carrying out assessments in accordance with organisations requirements; Checking the authenticity of any whiteness testimonies; Completing and maintaining safe and secure records; Countersigning other assessor’s judgements; Dealing with any appeals made against your assessment decisions; Following organisational and regulatory body procedures; Identifying and dealing with and barriers to fair assessment; Implementing internal and external verifier’s action points; Liaising with others involved in the assessment process; Making judgements based on the assessment criteria; Maintaining occupational competencies; Negotiation and agreeing assessment types and methods; Making best use of different assessment types and methods; Providing statistics to managers; Reviewing learner’s progress; Standardising practices with other assessors; Supporting learners with special requirements; Working towards relevant qualification; Identify the regulations and requirements relevant to the assessment in your own area of practice The Health and Safety (First-Aid) Regulation 1981 Provide adequate first aid equipment, facilities and people. Health and Safety at Work (MHSW) Regulations 1999 Assess the risks on anyone who may be affected by their activities. The Safeguarding Vulnerable Groups Act 2006 Duty to register and undergo vetting process if working with vulnerable groups Equality Act 2010 Non-discrimination of age, disability, gender, race, religion/belief and sexual orientation. Q2 – Understand different types of assessment record Compare the strengths and limitations of a range of assessment methods with reference to the needs of individual learners ASSIGNMENT – Several activities or tasks, practical or theoretical, to assess various aspects of a qualification over a period of time. Strengths Challenges a learners potential Consolidate learning Several aspects of a qualification can be assessed Some assignment are set with clear criteria by awarding organisation Limitations Ensuring all aspects of the syllabus are covered Can be time consuming to prepare and assess Must be individually assessed with written feedback Assessor may be biased when marking CASE STUDY / SCENARIOS – Hypothetical situation, a description of an actual event or incomplete event, enabling learners to explore the situation. Strengths Can make topics more realistic enhancing motivation and interest Can be conducted individually or in a group Builds on current knowledge and experience Limitations If assessed in a group roles need to be individually assigned an personal contribution assessed Time should be allowed for a debrief Must have clear outcomes Can be time consuming to prepare and assess CHECKLISTS – A list of criteria that needs to be met to confirm that competence or achievement. Strengths Can form part of an ongoing record of achievement or profile Assessment can take place when the learner is ready Ensures all criteria are met and records are kept Limitations Learners may lose their copy and not remember what they’ve learnt ESSAYS – A formal piece of written text that has been produced by the learner for a specific topic Strengths Useful for academic subjects Can check your learners language and literacy skills at specific levels Limitations Not suitable for low level learners Marking can be time consuming Plagiarism can be an issue Doesn’t normally have right or wrong answer so can be difficult to grade Learners need good writing skills EXAMINATIONS – A formal test that should be conducted in certain conditions. Strengths Can be Open Book, enabling learners to have books and notes with them Some learners like the challenge of a formal examination and cope well Limitations Invigilation required Security arrangements before and after need to be in place for papers Learners may have been taught purely to pass the examination Learners may be anxious HOMEWORK – Activities carries out between sessions like answering questions on that day’s learning to confirm knowledge. Strengths Learners can complete at a time and pace that suits them Maintains an interest between sessions Encourages learners to stretch themselves Consolidates learning so far Limitations Clear time limits must be set Learners might not do it, or get someone else to do it for them Must be read/marked and individual feedback given OBSERVATIONS – Watching learners perform a skill. Strengths Enables skills to be seen in action Learners can make mistakes enabling them to realise what they’ve been doing wrong Can assess several aspects of a qualification at the same time Limitations Timing must be arranged No permanent record Questions still need to be asked to confirm understanding Assessor might not be objective with decision Q3 – Understand how to plan assessment Summarise key factors to consider when planning assessment Subjects can be either non-accredited (no formal certificate) or accredited (certificate issued) in which case delivery and assessments are monitored by awarding organisation to ensure guidelines are followed. Therefore before assessing:- You need to be fully aware of the program and the qualification that you are assessing You must confirm relevant policies, requirements and qualifications of the particular subject You must know when the learners are ready to be assessed Evaluate the benefits of using a holistic approach to assessment Explain how to plan a holistic approach to assessment Explain how to minimise risks through the planning process.

Industrial Development Bank of India (IDBA) Analysis

Industrial Development Bank of India (IDBA) Analysis INTROUCTION The Industrial Development Bank of India Limited, was established as wholly-owned subsidiary of Reserve Bank of India. The foundation of bank was laid down under an Act of Parliament, in July 1964. The main aim behind the setting up of IDBI was to provide credit and other facilities for the Indian industry, which was still in the initial stages of growth and development. In February 1976, the ownership of IDBI was transferred to Government of India. After the transfer of its ownership, IDBI became the main institution, through which the institutes engaged in financing, promoting and developing industry were to be coordinated. In January 1992, IDBI accessed domestic retail debt market for the first time, with innovative Deep Discount Bonds, and registered path-breaking success. The following year, it set up the IDBI Capital Market Services Ltd., as its wholly-owned subsidiary, to offer a broad range of financial services, including Bond Trading, Equity Broking, Client Asset Management and Depository Services. In September 1994, in response to RBIs policy of opening up domestic banking sector to private participation, IDBI set up IDBI Bank Ltd., in association with SIDBI. In July 1995, public issue of the bank was taken out, after which the Governments shareholding came down (though it still retains majority of the shareholding in the bank). In September 2003, IDBI took over Tata Home Finance Ltd, renamed ‘IDBI Home finance Limited, thus diversifying its business domain and entering the arena of retail finance sector. The year 2005 witnessed the merger of IDBI Bank with the Industrial Development Bank of India Ltd. The new entity continued to its development finance role, while providing an array of wholesale and retail banking products (and does so till date). The following year, IDBI Bank acquired United Western Bank (which, at that time, had 230 branches spread over 47 districts, in 9 states). In the financial year of 2008, IDBI Bank had a net income of Rs 9415.9 crores and total assets of Rs 120,601 crores. The Present Today, IDBI Bank is counted amongst the leading public sector banks of India, apart from claiming the distinction of being the 4th largest bank, in overall ratings. It is presently regarded as the tenth largest development bank in the world, mainly in terms of reach. This is because of its wide network of 688 branches, 1139 ATMs and 457 centers. Apart from being involved in banking services, IDBI has set up institutions like The National Stock Exchange of India (NSE), The National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation of India (SHCIL). Products Services Personal Banking Deposits Loans Payments Tax Payments, Stamp Duty Payments, Easy Fill, Bill Payment, Card to Card Money Transfer, PayMate, Online Payments Mutual Fund Demat Account IPO Insurance FamilyCare, Weathsurance Cards Debit Card, Credit Card, Cash Card, Gift Card, International Debit-cum-ATM Card, World Currency Card Institutional Banking Lockers India Post NRI Services Phone Banking SMS Banking Account Alerts Internet Banking Corporate Banking Project Finance Infrastructure Finance Syndication, Underwriting Advisory Services Carbon Credits Business Working Capital Cash Management Services Trade Finance Tax Payments Derivatives Technology Upgradation Fund Scheme (TUFS) Film Financing Scheme Direct Discounting Bills Rehabilitation Finance Others SME Finance Agri-business Products Main Functions of IDBI- IDBI coordinates between various financial institutions who are highly involved in provide financial assistance, promoting, and developing various industrial units IDBI is also engaged in a variety of promotional activities such as development programs for the fresh entrepreneurs, planning of consultancy services for both the small scale enterprises and the medium sized industrial units IDBI works for the advancement of technology and other welfare schemes to ensure economic development. Industrial Development Bank of India acts as a catalyst in various industrial development programs. IDBI provides financial assistance to all kinds of industrial units which comes under the provisions of the IDBI Act. IDBI has served various industrial sectors in India for about three years and has grown leaps and bounds in its size and operating units. IDBIs role as a catalyst IDBIs role as a catalyst to industrial development encompasses a wide spectrum of activities. IDBI can finance all types of industrial concerns covered under the provisions of the IDBI Act. With over three decades of service to the Indian industry, IDBI has grown substantially in terms of size of operations and portfolio. Developmental Activities of IDBI Promotional activities In fulfillment of its developmental role, the Bank continues to perform a wide range of promotional activities relating to developmental programmes for new entrepreneurs, consultancy services for small and medium enterprises and programmes designed for accredited voluntary agencies for the economic upliftment of the underprivileged. These include entrepreneurship development, self-employment and wage employment in the industrial sector for the weaker sections of society through voluntary agencies, support to Science and Technology Entrepreneurs Parks, Energy Conservation, Common Quality Testing Centres for small industries. Technical Consultancy Organizations With a view to making available at a reasonable cost, consultancy and advisory services to entrepreneurs, particularly to new and small entrepreneurs, IDBI, in collaboration with other All-India Financial Institutions, has set up a network of Technical Consultancy Organizations (TCOs) covering the entire country. TCOs offer diversified services to small and medium enterprises in the selection, formulation and appraisal of projects, their implementation and review. Entrepreneurship Development Institute Realising that entrepreneurship development is the key to industrial development, IDBI played a prime role in setting up of the Entrepreneurship Development Institute of India for fostering entrepreneurship in the country. It has also established similar institutes in Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also extends financial support to various organisations in conducting studies or surveys of relevance to industrial development. IDBI Lending Process, Institutional Structure, Training, Information and Data Needs IDBI was established in 1964 under an Act of Parliament for providing credit and other facilities for the development of industry. It also acts as the principal financial institution for coordinating the activities of institutions engaged in the finance, promotion, or development of industry. The Government of Indias shareholding in IDBI amounts to 72% and the rest of the shares are owned by the general public. IDBI has also offered specialised schemes for energy conservation viz. Equipment Finance for Energy Conservation and Energy Audit Subsidy Scheme. Presently, IDBI provides rupee and foreign currency term loans for the acquisition and installation of energy conservation equipment, and for pollution control and prevention projects in highly polluting industrial sectors, funded inter alia, out of World Banks Industrial Pollution Prevention Project (IPPP) or the US Agency for International Development-funded Greenhouse Gas Pollution Prevention (GEP) Project. Besides, finance is made available for EE/EM out of the on-going Industrial Energy Efficiency Project of the ADB of which the TA forms a part. Under this project, finance is given to industrial units in rupee as well as in foreign currency. Additional funding needs left unmet by the ADB funds are supplemented by IDBIs own funds as well. 3.1 IDBI Institutional Structure IDBI is governed by a Board of Directors and its operation is carried out under the supervision of the Chairman and Managing Director assisted by four Executive Directors and one Adviser. With its head office in Mumbai, IDBI has 43 additional offices throughout India. As of November 1998, IDBI was structured into 33 departments, which are organized into five groups to facilitate proper distribution of responsibility. Among these departments, the ones relevant to the efficient lending for ee/em activities are briefly described below. 3.1.1 Project appraisal department The Project Appraisal Department (PAD) appraises all the industrial project proposals. PAD projects constitute the majority of projects sanctioned by IDBI in terms of value. Besides a number of smaller projects are funded at the branch level. 3.1.2 Corporate finance departments The three Corporate Finance Departments (CFDs) follow up on the projects that have already been sanctioned, in order to ensure their timely implementation and proper utilization of funds. In addition, a new concept of a Relationship Manager was instituted within the CFDs. These managers will be dedicated to manage IDBIs interactions with a major industrial (ownership) group, such as Reliance Industries, the Tata Group, etc. While the relationship manager system works well from the perspective of consolidating knowledge about an industry group, it may not work as well where the focus has to be on an aspect of technology within an industry sector. For example, a relationship manager cannot be expected to be an expert on energy efficiency in every industry sector that forms a part of the industry group being dealt with by him/her. Hence, in order to develop some expertise in some of the industries, which are not necessarily dominated only by a few major industry groups, industry-sector-wise approach is also adopted. Thus the organization of a CFD is a workable mix of industry group and industry sub-sector, with the expertise of one Dealing group drawn upon by another. 3.1.3 Forex services and treasury departments: The Treasury and Funding Division contracts, decides on utilization and monitors all lines of credit from multi-lateral institutions like the World Bank (WB) and the Asian Development Bank (ADB). It manages the various specialized loans and grants for energy and environmental technology projects, including this TA project. Organizational Structure IDBIs organization structure is driven by its business objectives of offering the best services to the major industry groups. At the same time it is so organised to have industry specialists in important industrial sub-sectors as well. The organisational structure is geared to provide the best products and services in the present competitive environment while simultaneously attempting to meet its developmental role governed by â€Å"issue-based† lending. Following financial sector liberalisation, the environment has turned highly competitive compelling IDBI to organise itself in a manner to prioritise the objective of offering the best services to the major industry groups over focus exclusively for energy efficiency and environmental activities. There is a need to create a â€Å"home or center† for energy and environmental technical activities. This center needs to be located at the highest level within IDBI in order to ensure visibility, and to provide a resource base, which could be accessed by all the concerned departments described above. IEEP and other such lines of credit are being managed by the FSD, which is not directly engaged in either project appraisal or in implementation. Hence its role is one of being a facilitator and co-ordinator for giving the needed focus to the ee/em activities. It is quite possible for this Section to be upgraded to be the â€Å"home† suggested above with appropriate technical staff for policy making, facilitation of the lines of credit, developmental activities, etc. in ee/em issues. This will help clarify the varied roles of CFD and FSD and avoid duplication of effort, better coordination and communication between the FSD and the CFD. A system of built-in incentives for co-operation and co-ordination between the concerned departments will also aid the organisation in playing a more effective role in ee/em activities  relating to policy formulation, loan approvals and subsequent disbursement. 3.3 IDBI Lending Procedure The current procedure for lending at IDBI includes: (1) an inquiry stage, (2) an application stage, (3) site visits, (4) preparation of an appraisal note, (5) an evaluation by IDBI committee, (6) the issuance of a Letter of Intent, and (7) preparation of a legal agreement for lending for suitable projects. IDBI also operates special credit lines for the mitigation of pollution, implementation of the Montreal Protocol commitments, modernization and expansion of energy intensive industry, etc. The technical norms for these lines were determined individually, but the lending procedure is the same as that for other IDBI projects. The lending procedure followed by IDBI is comprehensive, based on accepted methods of evaluation and collective wisdom, and is transparent. The procedure, however, does not provide for a serious attempt to evaluate the energy and environmental components of any lending proposal. At each stage of the application for a loan, a company is required to provide information on energy consumption, along with that of other utility services. Energy consumption information is disaggregated into fuels and electricity categories. The company is not required to provide indicators of energy use to IDBI, which makes the information difficult to evaluate. Indicators could link the energy (fuel and electricity) consumption to physical activity levels and permit comparison with best practice in India and abroad. IDBI could also ask for additional information on technical indicators in the loan application that industries are required to complete. Conclusions and Recommendations Our evaluation of IDBIs institutional structure, lending procedures, and training and information needs revealed that there is a clear need for greater focus towards ee/em activities, by strengthening the existing institutional structure and capability in this area. This strengthening can be accomplished through the creation and establishment of a â€Å"resource center† that will provide the necessary technical backup for IDBI officers at all levels. The center resources will include access to technical experts, handbooks, and databases. The technical experts will assist in the organization of seminars, workshops, and training programs. Role of Financial Institutions in industrial development To accelerate the process of industrialization, immediately after independence, Government of India took appropriate steps to create a network of financial institutions to fill the gaps in the supply of long-term finance to industry. IFCI was the first institution which was set-up in 1948 followed by SFCs established by different States/Union Territories under the SFCs Act.1951. The NIDC (1954), ICICI (1955), NSIC (1955), and RCI (1958) were established. IDBI was established in 1964 as the apex institution in the field of industrial finance. UTI was also established in the same year. LIC came into existence in 1956 and GIC in 1972. SIDCs/SIICs strengthened institutional set-up at regional level. IRCI was set-up in 1971 which was later renamed as IRBI. Reserve Bank has played an important role in creation of all these institutions. Thus, structure of financial institutions in India has become so greatly diversified  and strengthened that it has the ability to supply finance to a variety of enterprises in diverse forms. In this , an attempt has been made to analyze the role of specialized financial institutions in meeting the term-requirements of our growing industrial sector. For this purpose, an effort has been made to ascertain the extent and rapidity of financial assistance granted by financial institutions to industrial sector in general and private sector in particular. Apart from analyzing purpose wise, industry wise and state wise assistance granted by financial institutions, special attention has been given to evaluate their role in removal of regional imbalances through provision of finance to projects located in identified backward areas of the country. In order to make an in depth study, three financial institutions of diverse nature namely, IDBI, ICICI and SFCs have been chosen which together provided about two-third of the total financial requirements of the industrial sector. During 1970-90 assistance sanctioned and disbursed by IDBI has increased at an annual average growth rate of 32.3 per cent and 27.7 per cent respectively, which were higher than the growth rate of sanctions and disbursements of all financial institutions. IDBI has granted 37.4 per cent of its total assistance by way of direct assistance and remaining 62.6 per cent indirectly through other financial institutions. Loans were major form of direct assistance with 88.7 per cent share, while refinance of industrial loans with 59.5 per cent share was the major form of indirect assistance. Private sector has been the largest beneficiary of IDBIs assistance followed by public, joint and cooperative sectors. IDBI has taken keen interest in granting finances to small scale sector which received 30 per cent of the total assistance sanctioned by IDBI. More than half of its assistance has gone to basic and capital goods industries while consumer goods and services have got a little more than one-third of total assistance of IDBI. It has paid equal attention to new and existing projects in its financing operations. Though IDBIs assistance is spread over all State and Union Territories, but its substantial proportion is concentrated among few relatively developed and large states. Similarly, a major part of its total assistance granted to projects located in identified backward areas, which formed about two-fifth of its total assistance, has gone to few developed and large states. In chapter five, the contribution of ICICI in meeting the financial requirements of the industrial sector has been analysed. During 1970-90 assistance sanctioned by ICICI increased at a rate of 26.5 per cent per annum while disbursements increased 23.1 per cent. In accordance with its objective, ICICI has sanctioned 35.7 per cent of its total assistance in the form of foreign currency assistance. Rupee loans constituted 37.5 per cent of total assistance sanctioned by ICICI. More than four-fifth of its total assistance has gone to private sector. ICICI has granted greater part of its assistance (61.7 per cent) to existing projects for their expansion, modernisation, etc. while new projects accounted for 38.3 per cent of total assistance. More than  two-third of ICICIs assistance has gone to non-traditional growth oriented industries like chemicals and chemical products, Iron and Steel, Machinery, etc. Assistance of ICICI is basically concentrated among few relatively developed state s despite some reduction during eighties. Over the years, ICICI has been granting an increasing proportion of its total assistance to backward areas of the country, but its major part has gone to backward areas of few developed  states. Household sector has contributed an increasing share in the total financial resources of ICICI, while governments share has declined. SFCs which are state level development banks set-up for financing small and medium scale industries in their respective states. Till about 1970, operations of all SFCs grew at a slow pace but during seventies there was rapid growth in their operations and the pace has been sustained during eighties also. During 1970-90 sanctions of SFCs increased at a rate of 20.5 per cent per annum while disbursements increased by a marginally higher rate of 21.2 per cent. Performance of different SFCs has varied from one another and from year to year. In accordance with their basic objective, 76.1 per cent of total assistance sanctioned and 91.4 per cent of the total number of units assisted by SFCs were in the small scale sector. Services have been the largest beneficiary of SFCs assistance followed by chemicals and chemical products, food products, textiles, etc. SFCs have, by and large, confined their assistance to new projects which accounted 84.4 per cent of total assistance. SFCs have granted more than half of their assistance to projects located in identified backward areas of their respective states. An important feature is that SFCs of relatively backward states have performed better in this regard than that of developed states. However, SFCs depend heavily on government sources for their financial requirements. The aggregative role of all financial institutions in the industrial development of the country. It clearly reveals that industrial concerns in India depend more on financial institutions to finance their ventures than raising funds directly from the capital market. Conclusions of this study have been given in the last chapter. Major findings of this study are summarised below: During the last twenty years assistance granted by financial institutions has increased at a significantly high rate leading industrial concerns to depend more and more on them. In terms of growth rate of sanctions, IDBI and ICICI have outstripped the average growth rate of sanctions of all financial institutions, but SFCs have fallen behind this trend. The gap between assistance sanctioned and disbursed is more pronounced in case of IDBI and ICICI but it is relatively narrower in case of SFCs. Private sector has been the largest beneficiary of assistance of financial institutions followed by public sector. Proportion of investment-savings gap filled up by financial institutions has increased in private and public sector both during eighties. Financial institutions have provided assistance to new as well as existing projects. However, SFCs have confined their financing operations basically to new projects. IDBI and ICICI have granted major part of their assistance to basic and capital goods industries but SFCs have paid greater attention on consumer goods industries. Statewise break-up of assistance provided by financial institutions reveals considerable concentration among few developed and large states despite some reduction during eighties. North-Eastern states have been almost completely neglected by all financial institutions. A significant part of the total assistance granted by financial institutions has gone to projects located in identified backward areas of the country, but its statewise distribution has helped to reduce intra-state disparities in industrial development and increased inter-state disparities between developed and backward states. Finally, IDBI and ICICI have generated a significant part of their resources from the household sector but SFCs are largely dependent upon the government sources. Role of Financial Institutions in Foreign Investment in India Financial Institutions plays a significant role in Foreign Investment in India. There are various financial institutions in India which undertake significant initiatives to ensure foreign investment inflows in the industrial units in India. The main role of the financial institutions in India in respect to foreign investments is to aid foreign investors in investment activities in India. The funds from overseas countries come in two forms: Foreign direct Investments and Joint Ventures of the foreign companies with Indian companies. Foreign direct investments inflows are approved through automatic route or through government route. Those units that require government approval to get funds require the FIPB approval. Foreign Direct Investment through automatic route, on the other hand, does not require FIPB approval. All these allocation of financial assistance to various industrial units in India are guided by the financial institutions set up in various parts of India. Some of the leading financial institutions in India that play an important role in foreign investments in India are RBI, IDBI Bank, IFCI Bank, ICICI Limited and EXIM Bank. RBI in Foreign Investment- RBI works through automatic route and government route in allocating funds in various sectors of the Indian industry. Its mandatory for all the foreign investors to get approvals from RBI in order to carry out invest activities in the industrial units in India. FDI is allotted up to 100 percent under automatic route and it does not require approval from FIPB. IDBI in Foreign Investment- IDBI acts as a financial institution which allots financial assistance to the industrial sectors which are mainly involved in manufacture or processing of goods, mining, transport generation and distribution of power both in private and public sectors. Industrial Development Bank of India (IDBI) has been a fully owned subsidiary bank of the Reserve Bank of India till February 1976 after which it was disconnected from RBI. ICICI Limited in Foreign Investment- ICICI Limited was set up in the year 1994 and ICICI Bank is a entirely owned subsidiary of ICICI Limited. ICICI Limited is known as one the best financial institutions in India as it offers a wide spectrum of services to its customers. ICICI bank offers a wide array of banking products and financial services to corporate and retail customers through various delivery channels, specialized subsidiaries and affiliated firms, venture capital units, non-life insurance sectors, and so on. EXIM Bank in Foreign Investment- EXIM Bank plays a pivotal role in providing financial assistance to encourage the export production in India. Direct financial assistance, Foreign investment finance, Term loaning options for export production and export development, Pre-shipping credit, Export bills rediscounting, and Refinance to commercial banks are some of the services that EXIM Bank has specialized in. Role of IDBI in Foreign Investment The role of IDBI in Foreign Investment is mainly to provide financial assistance on a consortium basis to various industrial units in India which are mainly involved in manufacturing or processing of goods, mining, transport generation and distribution of power. Industrial Development Bank of India (IDBI) has been a fully owned subsidiary bank of the Reserve Bank of India till February 1976. It was then disconnected from RBI and was made an autonomous corporation owned by the Government of India. IDBI is known to be the tenth largest bank in the world in terms of carrying out developmental activities. Some of the financial institutions set up by IDBI to carry out the activities are The National Stock Exchange (NSE), The National Securities Depository Services Ltd. (NSDL), and Stock Holding Corporation of India (SHCIL). Role of IDBI in Foreign Investment It manages various financial institutions working under IDBI bank Provides financial assistance to various industrial units in terms of developments It also offers refinancing options including term loans to the suitable financial institutions It provides funding to the industrial units that are involved in manufacture or processing of goods, mining, transport generation and distribution of power both in private and public sectors It also provides finance to various projects, expansion of any project, diversifications, or even developing the projects which will exceed Rs. 30 million and it also provides funding to those projects which cost less than Rs. 30 million through indirect means as it offers refinancing to the main financial institutions such as SFC/Commercial Banks etc OBJECTIVES OF IDBI IDBI is the apex institution in the area of long term industrial finance. It was established under the IDBI Act 1964 as a wholly owned subsidiary of RBI and started functioning on July 01, 1964. Under Public Financial Institutions Laws (Amendment) Act 1976, it was delinked from RBI. IDBI is engaged in direct financing of the industrial activities as well as in re-finance and re-discounting of bills against finance made available by commercial banks under their various schemes. The objectives of this institution are to create a principal institution for long term finance, to coordinate the institutions working in this field for planned development of industrial sector, to provide technical and administrative support to the industries and to conduct research and development activities for the benefit of industrial sector. It raises funds by way of market borrowing by way of bonds and deposits, borrowing from Govt. and RBI, borrowing abroad in foreign currency and lines of credit. Its functions include: direct loans (rupee as well as foreign currency) to industrial undertakings as defined in the Act to finance their new projects, expansion, modernisation etc. soft loans for various purposes including modernisation and under equipment finance scheme underwriting and direct subscription to shares/debentures of the industrial companies. sanction of foreign currency loans for import of equipment or capital goods. short term working capital loans to the corporates for meeting their working capital requirements. refinance to banks and other institutions against loans granted by them. Of late, with the reforms in the financial sector, IDBI has taken steps to re-shape its role from a development finance institution to a commercial institution. It has floated its own bank IDBI Bank as also a Mutual Fund. During the financial year 1999-2000 IDBIs total sanctions were Rs.28308 cr (19.2% increase), the total assets were Rs.72169 cr, net worth at Rs.9025 cr, capital adequacy ratio of 14.5%, DER 6.8:1 and PBT Rs.1027 cr (1301 cr previous years). To meet emerging challanges, it has been introducing new products, setting up Mergers Acquistions Divn, increasing fee based business such as corporate advisory services, credit syndication, debenture-trushtee ship etc., setting up of IT sector subsidiary-IDBI Intech Ltd, venture capital fund, joint ventures and transfer of not less than 51% of IDBIs share capital in SIDBI to PSBs as a result of SIDBI (Amendment) Act 2000 effective from 27.03.2000. IDBI scouting for buyouts, two banks on radar After acquiring United Western Bank three years ago, IDBI Bank is at it once again and has identified two domestic lenders as possible targets. Disclosing this, the public sector banks Chairman and Managing Director Yogesh Agarwal told reporters here today that talks were on with the two banks. He did not divulge the identities of the two banks. IDBIs move is in line with the central governments thinking favoring a consolidation in the Indian banking sector. IDBI does not need to raise funds for the acquisitions but may look at capital raising to finance its business growth. The bank has dropped its earlier plan to sell its Pune-based home loan subsidiary, IDBI Home Finance (IHFL). Review of Progress (Operations) IDBI has given special attention to better regional development and innovational and promotional activities. It has conducted surveys of backward regions. It has given special help to backward Industrial Development Bank of India (IDBA) Analysis Industrial Development Bank of India (IDBA) Analysis INTROUCTION The Industrial Development Bank of India Limited, was established as wholly-owned subsidiary of Reserve Bank of India. The foundation of bank was laid down under an Act of Parliament, in July 1964. The main aim behind the setting up of IDBI was to provide credit and other facilities for the Indian industry, which was still in the initial stages of growth and development. In February 1976, the ownership of IDBI was transferred to Government of India. After the transfer of its ownership, IDBI became the main institution, through which the institutes engaged in financing, promoting and developing industry were to be coordinated. In January 1992, IDBI accessed domestic retail debt market for the first time, with innovative Deep Discount Bonds, and registered path-breaking success. The following year, it set up the IDBI Capital Market Services Ltd., as its wholly-owned subsidiary, to offer a broad range of financial services, including Bond Trading, Equity Broking, Client Asset Management and Depository Services. In September 1994, in response to RBIs policy of opening up domestic banking sector to private participation, IDBI set up IDBI Bank Ltd., in association with SIDBI. In July 1995, public issue of the bank was taken out, after which the Governments shareholding came down (though it still retains majority of the shareholding in the bank). In September 2003, IDBI took over Tata Home Finance Ltd, renamed ‘IDBI Home finance Limited, thus diversifying its business domain and entering the arena of retail finance sector. The year 2005 witnessed the merger of IDBI Bank with the Industrial Development Bank of India Ltd. The new entity continued to its development finance role, while providing an array of wholesale and retail banking products (and does so till date). The following year, IDBI Bank acquired United Western Bank (which, at that time, had 230 branches spread over 47 districts, in 9 states). In the financial year of 2008, IDBI Bank had a net income of Rs 9415.9 crores and total assets of Rs 120,601 crores. The Present Today, IDBI Bank is counted amongst the leading public sector banks of India, apart from claiming the distinction of being the 4th largest bank, in overall ratings. It is presently regarded as the tenth largest development bank in the world, mainly in terms of reach. This is because of its wide network of 688 branches, 1139 ATMs and 457 centers. Apart from being involved in banking services, IDBI has set up institutions like The National Stock Exchange of India (NSE), The National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation of India (SHCIL). Products Services Personal Banking Deposits Loans Payments Tax Payments, Stamp Duty Payments, Easy Fill, Bill Payment, Card to Card Money Transfer, PayMate, Online Payments Mutual Fund Demat Account IPO Insurance FamilyCare, Weathsurance Cards Debit Card, Credit Card, Cash Card, Gift Card, International Debit-cum-ATM Card, World Currency Card Institutional Banking Lockers India Post NRI Services Phone Banking SMS Banking Account Alerts Internet Banking Corporate Banking Project Finance Infrastructure Finance Syndication, Underwriting Advisory Services Carbon Credits Business Working Capital Cash Management Services Trade Finance Tax Payments Derivatives Technology Upgradation Fund Scheme (TUFS) Film Financing Scheme Direct Discounting Bills Rehabilitation Finance Others SME Finance Agri-business Products Main Functions of IDBI- IDBI coordinates between various financial institutions who are highly involved in provide financial assistance, promoting, and developing various industrial units IDBI is also engaged in a variety of promotional activities such as development programs for the fresh entrepreneurs, planning of consultancy services for both the small scale enterprises and the medium sized industrial units IDBI works for the advancement of technology and other welfare schemes to ensure economic development. Industrial Development Bank of India acts as a catalyst in various industrial development programs. IDBI provides financial assistance to all kinds of industrial units which comes under the provisions of the IDBI Act. IDBI has served various industrial sectors in India for about three years and has grown leaps and bounds in its size and operating units. IDBIs role as a catalyst IDBIs role as a catalyst to industrial development encompasses a wide spectrum of activities. IDBI can finance all types of industrial concerns covered under the provisions of the IDBI Act. With over three decades of service to the Indian industry, IDBI has grown substantially in terms of size of operations and portfolio. Developmental Activities of IDBI Promotional activities In fulfillment of its developmental role, the Bank continues to perform a wide range of promotional activities relating to developmental programmes for new entrepreneurs, consultancy services for small and medium enterprises and programmes designed for accredited voluntary agencies for the economic upliftment of the underprivileged. These include entrepreneurship development, self-employment and wage employment in the industrial sector for the weaker sections of society through voluntary agencies, support to Science and Technology Entrepreneurs Parks, Energy Conservation, Common Quality Testing Centres for small industries. Technical Consultancy Organizations With a view to making available at a reasonable cost, consultancy and advisory services to entrepreneurs, particularly to new and small entrepreneurs, IDBI, in collaboration with other All-India Financial Institutions, has set up a network of Technical Consultancy Organizations (TCOs) covering the entire country. TCOs offer diversified services to small and medium enterprises in the selection, formulation and appraisal of projects, their implementation and review. Entrepreneurship Development Institute Realising that entrepreneurship development is the key to industrial development, IDBI played a prime role in setting up of the Entrepreneurship Development Institute of India for fostering entrepreneurship in the country. It has also established similar institutes in Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also extends financial support to various organisations in conducting studies or surveys of relevance to industrial development. IDBI Lending Process, Institutional Structure, Training, Information and Data Needs IDBI was established in 1964 under an Act of Parliament for providing credit and other facilities for the development of industry. It also acts as the principal financial institution for coordinating the activities of institutions engaged in the finance, promotion, or development of industry. The Government of Indias shareholding in IDBI amounts to 72% and the rest of the shares are owned by the general public. IDBI has also offered specialised schemes for energy conservation viz. Equipment Finance for Energy Conservation and Energy Audit Subsidy Scheme. Presently, IDBI provides rupee and foreign currency term loans for the acquisition and installation of energy conservation equipment, and for pollution control and prevention projects in highly polluting industrial sectors, funded inter alia, out of World Banks Industrial Pollution Prevention Project (IPPP) or the US Agency for International Development-funded Greenhouse Gas Pollution Prevention (GEP) Project. Besides, finance is made available for EE/EM out of the on-going Industrial Energy Efficiency Project of the ADB of which the TA forms a part. Under this project, finance is given to industrial units in rupee as well as in foreign currency. Additional funding needs left unmet by the ADB funds are supplemented by IDBIs own funds as well. 3.1 IDBI Institutional Structure IDBI is governed by a Board of Directors and its operation is carried out under the supervision of the Chairman and Managing Director assisted by four Executive Directors and one Adviser. With its head office in Mumbai, IDBI has 43 additional offices throughout India. As of November 1998, IDBI was structured into 33 departments, which are organized into five groups to facilitate proper distribution of responsibility. Among these departments, the ones relevant to the efficient lending for ee/em activities are briefly described below. 3.1.1 Project appraisal department The Project Appraisal Department (PAD) appraises all the industrial project proposals. PAD projects constitute the majority of projects sanctioned by IDBI in terms of value. Besides a number of smaller projects are funded at the branch level. 3.1.2 Corporate finance departments The three Corporate Finance Departments (CFDs) follow up on the projects that have already been sanctioned, in order to ensure their timely implementation and proper utilization of funds. In addition, a new concept of a Relationship Manager was instituted within the CFDs. These managers will be dedicated to manage IDBIs interactions with a major industrial (ownership) group, such as Reliance Industries, the Tata Group, etc. While the relationship manager system works well from the perspective of consolidating knowledge about an industry group, it may not work as well where the focus has to be on an aspect of technology within an industry sector. For example, a relationship manager cannot be expected to be an expert on energy efficiency in every industry sector that forms a part of the industry group being dealt with by him/her. Hence, in order to develop some expertise in some of the industries, which are not necessarily dominated only by a few major industry groups, industry-sector-wise approach is also adopted. Thus the organization of a CFD is a workable mix of industry group and industry sub-sector, with the expertise of one Dealing group drawn upon by another. 3.1.3 Forex services and treasury departments: The Treasury and Funding Division contracts, decides on utilization and monitors all lines of credit from multi-lateral institutions like the World Bank (WB) and the Asian Development Bank (ADB). It manages the various specialized loans and grants for energy and environmental technology projects, including this TA project. Organizational Structure IDBIs organization structure is driven by its business objectives of offering the best services to the major industry groups. At the same time it is so organised to have industry specialists in important industrial sub-sectors as well. The organisational structure is geared to provide the best products and services in the present competitive environment while simultaneously attempting to meet its developmental role governed by â€Å"issue-based† lending. Following financial sector liberalisation, the environment has turned highly competitive compelling IDBI to organise itself in a manner to prioritise the objective of offering the best services to the major industry groups over focus exclusively for energy efficiency and environmental activities. There is a need to create a â€Å"home or center† for energy and environmental technical activities. This center needs to be located at the highest level within IDBI in order to ensure visibility, and to provide a resource base, which could be accessed by all the concerned departments described above. IEEP and other such lines of credit are being managed by the FSD, which is not directly engaged in either project appraisal or in implementation. Hence its role is one of being a facilitator and co-ordinator for giving the needed focus to the ee/em activities. It is quite possible for this Section to be upgraded to be the â€Å"home† suggested above with appropriate technical staff for policy making, facilitation of the lines of credit, developmental activities, etc. in ee/em issues. This will help clarify the varied roles of CFD and FSD and avoid duplication of effort, better coordination and communication between the FSD and the CFD. A system of built-in incentives for co-operation and co-ordination between the concerned departments will also aid the organisation in playing a more effective role in ee/em activities  relating to policy formulation, loan approvals and subsequent disbursement. 3.3 IDBI Lending Procedure The current procedure for lending at IDBI includes: (1) an inquiry stage, (2) an application stage, (3) site visits, (4) preparation of an appraisal note, (5) an evaluation by IDBI committee, (6) the issuance of a Letter of Intent, and (7) preparation of a legal agreement for lending for suitable projects. IDBI also operates special credit lines for the mitigation of pollution, implementation of the Montreal Protocol commitments, modernization and expansion of energy intensive industry, etc. The technical norms for these lines were determined individually, but the lending procedure is the same as that for other IDBI projects. The lending procedure followed by IDBI is comprehensive, based on accepted methods of evaluation and collective wisdom, and is transparent. The procedure, however, does not provide for a serious attempt to evaluate the energy and environmental components of any lending proposal. At each stage of the application for a loan, a company is required to provide information on energy consumption, along with that of other utility services. Energy consumption information is disaggregated into fuels and electricity categories. The company is not required to provide indicators of energy use to IDBI, which makes the information difficult to evaluate. Indicators could link the energy (fuel and electricity) consumption to physical activity levels and permit comparison with best practice in India and abroad. IDBI could also ask for additional information on technical indicators in the loan application that industries are required to complete. Conclusions and Recommendations Our evaluation of IDBIs institutional structure, lending procedures, and training and information needs revealed that there is a clear need for greater focus towards ee/em activities, by strengthening the existing institutional structure and capability in this area. This strengthening can be accomplished through the creation and establishment of a â€Å"resource center† that will provide the necessary technical backup for IDBI officers at all levels. The center resources will include access to technical experts, handbooks, and databases. The technical experts will assist in the organization of seminars, workshops, and training programs. Role of Financial Institutions in industrial development To accelerate the process of industrialization, immediately after independence, Government of India took appropriate steps to create a network of financial institutions to fill the gaps in the supply of long-term finance to industry. IFCI was the first institution which was set-up in 1948 followed by SFCs established by different States/Union Territories under the SFCs Act.1951. The NIDC (1954), ICICI (1955), NSIC (1955), and RCI (1958) were established. IDBI was established in 1964 as the apex institution in the field of industrial finance. UTI was also established in the same year. LIC came into existence in 1956 and GIC in 1972. SIDCs/SIICs strengthened institutional set-up at regional level. IRCI was set-up in 1971 which was later renamed as IRBI. Reserve Bank has played an important role in creation of all these institutions. Thus, structure of financial institutions in India has become so greatly diversified  and strengthened that it has the ability to supply finance to a variety of enterprises in diverse forms. In this , an attempt has been made to analyze the role of specialized financial institutions in meeting the term-requirements of our growing industrial sector. For this purpose, an effort has been made to ascertain the extent and rapidity of financial assistance granted by financial institutions to industrial sector in general and private sector in particular. Apart from analyzing purpose wise, industry wise and state wise assistance granted by financial institutions, special attention has been given to evaluate their role in removal of regional imbalances through provision of finance to projects located in identified backward areas of the country. In order to make an in depth study, three financial institutions of diverse nature namely, IDBI, ICICI and SFCs have been chosen which together provided about two-third of the total financial requirements of the industrial sector. During 1970-90 assistance sanctioned and disbursed by IDBI has increased at an annual average growth rate of 32.3 per cent and 27.7 per cent respectively, which were higher than the growth rate of sanctions and disbursements of all financial institutions. IDBI has granted 37.4 per cent of its total assistance by way of direct assistance and remaining 62.6 per cent indirectly through other financial institutions. Loans were major form of direct assistance with 88.7 per cent share, while refinance of industrial loans with 59.5 per cent share was the major form of indirect assistance. Private sector has been the largest beneficiary of IDBIs assistance followed by public, joint and cooperative sectors. IDBI has taken keen interest in granting finances to small scale sector which received 30 per cent of the total assistance sanctioned by IDBI. More than half of its assistance has gone to basic and capital goods industries while consumer goods and services have got a little more than one-third of total assistance of IDBI. It has paid equal attention to new and existing projects in its financing operations. Though IDBIs assistance is spread over all State and Union Territories, but its substantial proportion is concentrated among few relatively developed and large states. Similarly, a major part of its total assistance granted to projects located in identified backward areas, which formed about two-fifth of its total assistance, has gone to few developed and large states. In chapter five, the contribution of ICICI in meeting the financial requirements of the industrial sector has been analysed. During 1970-90 assistance sanctioned by ICICI increased at a rate of 26.5 per cent per annum while disbursements increased 23.1 per cent. In accordance with its objective, ICICI has sanctioned 35.7 per cent of its total assistance in the form of foreign currency assistance. Rupee loans constituted 37.5 per cent of total assistance sanctioned by ICICI. More than four-fifth of its total assistance has gone to private sector. ICICI has granted greater part of its assistance (61.7 per cent) to existing projects for their expansion, modernisation, etc. while new projects accounted for 38.3 per cent of total assistance. More than  two-third of ICICIs assistance has gone to non-traditional growth oriented industries like chemicals and chemical products, Iron and Steel, Machinery, etc. Assistance of ICICI is basically concentrated among few relatively developed state s despite some reduction during eighties. Over the years, ICICI has been granting an increasing proportion of its total assistance to backward areas of the country, but its major part has gone to backward areas of few developed  states. Household sector has contributed an increasing share in the total financial resources of ICICI, while governments share has declined. SFCs which are state level development banks set-up for financing small and medium scale industries in their respective states. Till about 1970, operations of all SFCs grew at a slow pace but during seventies there was rapid growth in their operations and the pace has been sustained during eighties also. During 1970-90 sanctions of SFCs increased at a rate of 20.5 per cent per annum while disbursements increased by a marginally higher rate of 21.2 per cent. Performance of different SFCs has varied from one another and from year to year. In accordance with their basic objective, 76.1 per cent of total assistance sanctioned and 91.4 per cent of the total number of units assisted by SFCs were in the small scale sector. Services have been the largest beneficiary of SFCs assistance followed by chemicals and chemical products, food products, textiles, etc. SFCs have, by and large, confined their assistance to new projects which accounted 84.4 per cent of total assistance. SFCs have granted more than half of their assistance to projects located in identified backward areas of their respective states. An important feature is that SFCs of relatively backward states have performed better in this regard than that of developed states. However, SFCs depend heavily on government sources for their financial requirements. The aggregative role of all financial institutions in the industrial development of the country. It clearly reveals that industrial concerns in India depend more on financial institutions to finance their ventures than raising funds directly from the capital market. Conclusions of this study have been given in the last chapter. Major findings of this study are summarised below: During the last twenty years assistance granted by financial institutions has increased at a significantly high rate leading industrial concerns to depend more and more on them. In terms of growth rate of sanctions, IDBI and ICICI have outstripped the average growth rate of sanctions of all financial institutions, but SFCs have fallen behind this trend. The gap between assistance sanctioned and disbursed is more pronounced in case of IDBI and ICICI but it is relatively narrower in case of SFCs. Private sector has been the largest beneficiary of assistance of financial institutions followed by public sector. Proportion of investment-savings gap filled up by financial institutions has increased in private and public sector both during eighties. Financial institutions have provided assistance to new as well as existing projects. However, SFCs have confined their financing operations basically to new projects. IDBI and ICICI have granted major part of their assistance to basic and capital goods industries but SFCs have paid greater attention on consumer goods industries. Statewise break-up of assistance provided by financial institutions reveals considerable concentration among few developed and large states despite some reduction during eighties. North-Eastern states have been almost completely neglected by all financial institutions. A significant part of the total assistance granted by financial institutions has gone to projects located in identified backward areas of the country, but its statewise distribution has helped to reduce intra-state disparities in industrial development and increased inter-state disparities between developed and backward states. Finally, IDBI and ICICI have generated a significant part of their resources from the household sector but SFCs are largely dependent upon the government sources. Role of Financial Institutions in Foreign Investment in India Financial Institutions plays a significant role in Foreign Investment in India. There are various financial institutions in India which undertake significant initiatives to ensure foreign investment inflows in the industrial units in India. The main role of the financial institutions in India in respect to foreign investments is to aid foreign investors in investment activities in India. The funds from overseas countries come in two forms: Foreign direct Investments and Joint Ventures of the foreign companies with Indian companies. Foreign direct investments inflows are approved through automatic route or through government route. Those units that require government approval to get funds require the FIPB approval. Foreign Direct Investment through automatic route, on the other hand, does not require FIPB approval. All these allocation of financial assistance to various industrial units in India are guided by the financial institutions set up in various parts of India. Some of the leading financial institutions in India that play an important role in foreign investments in India are RBI, IDBI Bank, IFCI Bank, ICICI Limited and EXIM Bank. RBI in Foreign Investment- RBI works through automatic route and government route in allocating funds in various sectors of the Indian industry. Its mandatory for all the foreign investors to get approvals from RBI in order to carry out invest activities in the industrial units in India. FDI is allotted up to 100 percent under automatic route and it does not require approval from FIPB. IDBI in Foreign Investment- IDBI acts as a financial institution which allots financial assistance to the industrial sectors which are mainly involved in manufacture or processing of goods, mining, transport generation and distribution of power both in private and public sectors. Industrial Development Bank of India (IDBI) has been a fully owned subsidiary bank of the Reserve Bank of India till February 1976 after which it was disconnected from RBI. ICICI Limited in Foreign Investment- ICICI Limited was set up in the year 1994 and ICICI Bank is a entirely owned subsidiary of ICICI Limited. ICICI Limited is known as one the best financial institutions in India as it offers a wide spectrum of services to its customers. ICICI bank offers a wide array of banking products and financial services to corporate and retail customers through various delivery channels, specialized subsidiaries and affiliated firms, venture capital units, non-life insurance sectors, and so on. EXIM Bank in Foreign Investment- EXIM Bank plays a pivotal role in providing financial assistance to encourage the export production in India. Direct financial assistance, Foreign investment finance, Term loaning options for export production and export development, Pre-shipping credit, Export bills rediscounting, and Refinance to commercial banks are some of the services that EXIM Bank has specialized in. Role of IDBI in Foreign Investment The role of IDBI in Foreign Investment is mainly to provide financial assistance on a consortium basis to various industrial units in India which are mainly involved in manufacturing or processing of goods, mining, transport generation and distribution of power. Industrial Development Bank of India (IDBI) has been a fully owned subsidiary bank of the Reserve Bank of India till February 1976. It was then disconnected from RBI and was made an autonomous corporation owned by the Government of India. IDBI is known to be the tenth largest bank in the world in terms of carrying out developmental activities. Some of the financial institutions set up by IDBI to carry out the activities are The National Stock Exchange (NSE), The National Securities Depository Services Ltd. (NSDL), and Stock Holding Corporation of India (SHCIL). Role of IDBI in Foreign Investment It manages various financial institutions working under IDBI bank Provides financial assistance to various industrial units in terms of developments It also offers refinancing options including term loans to the suitable financial institutions It provides funding to the industrial units that are involved in manufacture or processing of goods, mining, transport generation and distribution of power both in private and public sectors It also provides finance to various projects, expansion of any project, diversifications, or even developing the projects which will exceed Rs. 30 million and it also provides funding to those projects which cost less than Rs. 30 million through indirect means as it offers refinancing to the main financial institutions such as SFC/Commercial Banks etc OBJECTIVES OF IDBI IDBI is the apex institution in the area of long term industrial finance. It was established under the IDBI Act 1964 as a wholly owned subsidiary of RBI and started functioning on July 01, 1964. Under Public Financial Institutions Laws (Amendment) Act 1976, it was delinked from RBI. IDBI is engaged in direct financing of the industrial activities as well as in re-finance and re-discounting of bills against finance made available by commercial banks under their various schemes. The objectives of this institution are to create a principal institution for long term finance, to coordinate the institutions working in this field for planned development of industrial sector, to provide technical and administrative support to the industries and to conduct research and development activities for the benefit of industrial sector. It raises funds by way of market borrowing by way of bonds and deposits, borrowing from Govt. and RBI, borrowing abroad in foreign currency and lines of credit. Its functions include: direct loans (rupee as well as foreign currency) to industrial undertakings as defined in the Act to finance their new projects, expansion, modernisation etc. soft loans for various purposes including modernisation and under equipment finance scheme underwriting and direct subscription to shares/debentures of the industrial companies. sanction of foreign currency loans for import of equipment or capital goods. short term working capital loans to the corporates for meeting their working capital requirements. refinance to banks and other institutions against loans granted by them. Of late, with the reforms in the financial sector, IDBI has taken steps to re-shape its role from a development finance institution to a commercial institution. It has floated its own bank IDBI Bank as also a Mutual Fund. During the financial year 1999-2000 IDBIs total sanctions were Rs.28308 cr (19.2% increase), the total assets were Rs.72169 cr, net worth at Rs.9025 cr, capital adequacy ratio of 14.5%, DER 6.8:1 and PBT Rs.1027 cr (1301 cr previous years). To meet emerging challanges, it has been introducing new products, setting up Mergers Acquistions Divn, increasing fee based business such as corporate advisory services, credit syndication, debenture-trushtee ship etc., setting up of IT sector subsidiary-IDBI Intech Ltd, venture capital fund, joint ventures and transfer of not less than 51% of IDBIs share capital in SIDBI to PSBs as a result of SIDBI (Amendment) Act 2000 effective from 27.03.2000. IDBI scouting for buyouts, two banks on radar After acquiring United Western Bank three years ago, IDBI Bank is at it once again and has identified two domestic lenders as possible targets. Disclosing this, the public sector banks Chairman and Managing Director Yogesh Agarwal told reporters here today that talks were on with the two banks. He did not divulge the identities of the two banks. IDBIs move is in line with the central governments thinking favoring a consolidation in the Indian banking sector. IDBI does not need to raise funds for the acquisitions but may look at capital raising to finance its business growth. The bank has dropped its earlier plan to sell its Pune-based home loan subsidiary, IDBI Home Finance (IHFL). Review of Progress (Operations) IDBI has given special attention to better regional development and innovational and promotional activities. It has conducted surveys of backward regions. It has given special help to backward