Christianity. What Went Wrong Research Paper Example | Topics and Well Written Essays - 1250 words

Christianity. What Went Wrong - Research Paper Example The conflict between Christianity and modern thought has been one of the intriguing parts that happened in those times. People know that modern thought is not really welcome in terms of Christian practices. Christianity has always been traditional and known to remain like that for years. Modernity, on the other hand, affects Christianity in a sense that it gives new ideas and raises questions that can influence the dignity of Christianity. There are studies which intentionally provide other meanings and interpretations of the Christian faith. In connection, these studies provide confusions to some Christian believers. Modern thought causes other people to have a different understanding of the Christian teachings. Modernity, in relation, had taken over the minds of the people in the nineteenth century. People started to transition themselves to a modernized world. Thus, giving them the new perspective that they have the freedom to redesign themselves and not just to stay in what seems to be the traditional way. There are many scholars who study the mystery behind Christianity. However, despite their efforts in making Christianity stand firm, these studies even led to rising of conflicts in Christian world. With all the modernity during the nineteenth century plus their studies regarding Christianity, everything went puzzled and confused causing people to start criticizing and questioning. In relation, one of the scholars who made a name in terms of theology during the nineteenth century is Friedrich Schleiermacher. He is said to be very influential during the nineteenth century. His influence has marked the history of theology. ... Hence, Schleiermacher has been named as the father of liberal theology. His study created many conflicts with regard to Christianity since he has a different view for religion. Roger Olson affirmed that, for Schleiermacher, Christianity and religion are all about deep and inner awareness (1999, 544). All religions, specifically Christianity, are based mainly in the experience of every human being. Roger Olson states that, for Schleiermacher, â€Å"it is distinctly human awareness of something infinite beyond the self on which the self is dependent for everything† (1999, 544). Schleiermacher cleared that in terms of principles, the two should not be in questioned: Christianity and science. In addition, Roger Olson notes that to Schleiermacher, any mystical divine interventions were not true. In his own viewpoint, these things do not exist at all (1994, 544). He even changed the traditional belief on the doctrine about the two natures of Jesus Christ. For him, instead of having this belief, it should merely focus on the experience of Jesus with the God-consciousness. The person who is known as the father of modern liberal theology proposed that spiritual feeling results to a true religion. Schleiermacher convinced people that to obtain true religion, one should submit a relationship to the source of life as stated by Gary Dorrien (1997, 12). In addition, Schleiermacher affirmed that one cannot have true religion if it is mainly based in morality, as well as doctrines. Gary Dorrien stated that knowledge, in terms of morality and science, should be taken away so that one can experience true religion and creates a relation with the source of life (1997, 13). Schleiermacher firmly believes that a person’s feeling plays a

Human services legislation Essay Example | Topics and Well Written Essays - 500 words

Human services legislation - Essay Example overty level was increasing at a rapid rate, which made the Johnson administration to come up with a program that would be run by the government to try and reduce the poverty level. The legislation worked out well because the poverty level was greatly reduced over time to a lower level. Expounding on the war on poverty will paint a clear picture on the impact and benefits of the legislation. The war on poverty is a legislation that was pioneered by United States president Johnson Lyndon in a state address. Johnson proposed the legislation in response to the rising poverty rates. The proposal allowed the United States congress to pass the economic opportunity act which then instituted the office of economic opportunity to oversee the local application of funds aimed against poverty. Johnson believed in increasing the government’s roles in reducing poverty and bettering education and health care as strategies of reducing the poverty rates. Johnson had an aim of not to cure the symptoms of poverty, but to cure it and above all, to prevent it. During Johnson’s administration hearing before the select committee on poverty of the committee on labor and public welfare, President Johnson decided that the United States was not going to put up with the increasing poverty rates anymore (Zarefsky, 1986). The notion was that prosperity alone was not going to get rid of the increasing poverty rates. Johnson emphasized that the war on poverty would create job opportunities, and also lead to planning and organization of resources, to break the cycle of poverty in communities. The main social problems were poor education and health care, lack of job opportunities, poor transportation and urban problems. According to Phelps, this is why President Johnson found it more convenient to curb those social problems in order to fight poverty in a more orderly manner (2014). This is especially because poverty is related to issues such as lack of education, jobs, proper healthcare

Marketing Plan Proposal Essay Example for Free

Marketing Plan Proposal Essay I will develop a marketing plan for my company’s new product, the â€Å"Walker Photo Display Storage Solutions† product I will introduce on the global market next year sometime. The â€Å"Walker Photo Display Storage Solutions† product will allow any kind of loose photographs to be easily displayed in a collage format on any bare wall anywhere. It will include a divided safe storage box designed to protect loose photographs from damaging light, chemicals and rough handling to name a few things! I think my target audience is teenage boys and girls, male female college students, educators, homemakers, business owners, retired folk, hobbyists, collectors and basically anyone that has a need and desire to do something with the piles of loose photographs we all have laying around the house! I will directly market to pre-teen and teenage kids, college students and their faculty members, housewives and husbands, law enforcement, real estate, the entertainment industry, businesses and numerous other identified and yet to be identified markets! I have perceived there was a need to create something specific, simple, durable, easy to use, inexpensive, customizable and practical to display and store all the loose photographs I had laying around and the ones I saw elsewhere laying around, unseen, decomposing and being neglected. I had taped loose photographed to my wall on occasion in a sort of collage formation, but it looked kind of cheesy, so I felt I could create something cool to display and store them in! After a few years of random survey’s with various people from all walks of life, I found my perception to be correct, that there was indeed a genuine need for my invention, and it appeared there was a vast global market for it! Creating this product so it can be easily ordered, customized and received will be a bit of a challenge, but one that I believe is well worth taking. I am very passionate about my new product that will be distributed from my new company, â€Å"DoakUnlimited.llc†. So, it is my intention to solve the decades old question dilemma of what to do with all the millions and millions of loose photographs lying around in drawers, shoeboxes and elsewhere!

SSI Units

SSI Units I. Introduction INTRODUCTION TO SSI UNITS After gaining independence India in 1947, there was a felt need of economic prosperity and to revive the nation. Hence India focused on developing itself as a manufacturing base. The planners then took the decision of promoting the small scale industries. They were of the view that ssi can play a significant role in the economic progress of the country as it had huge potential in employment generation, which was the major problem faced during that period of time. Earlier the small scale sector was a sector involved in traditional labor with outdated machineries and inefficient techniques of production. But since then due to the coordinated efforts of the government and the commercial banks the position of SSI has improved. These efforts include * Reservation of items to be manufactured by the SSI * Credit marketing * Technology and entrepreneurship development * fiscal, financial and infrastructural support II. Small Scale Industries 2.1Small Scale and Ancillary Industries Small scale industrial units are those engaged in the manufacture, processing or preservation of goods and whose investment in plant and machinery (original cost) does not exceed Rs.1 crore. These would, inter alia, include units engaged in mining or quarrying, servicing and repairing of machinery. In the case of ancillary units, the investment in plant and machinery (original cost) should also not exceed Rs. 1 crore to be classified under small-scale industry. The investment limit of Rs. 1 crore for classification as SSI has been enhanced to Rs.5 crore in respect of certain specified items under hosiery, hand tools, drugs pharmaceuticals, stationery items and sports goods by the Government of India. 2.2. Tiny Enterprises The status of ‘Tiny Enterprises may be given to all small scale units whose investment in plant machinery is up to Rs. 25 lac, irrespective of the location of the unit. III. Small Scale Industries Financing Finance is the blood for any organization. It is that resource which provides the resources for other factors of production, hence its importance cannot be ignored. After the independence, the Government of India has built upon the network of institutions to provide financial assistance to the small scale industries. Since small scale industries need promotionary help from the government and government has other sectors to look upon for the overall development of the country and hence it has entrusted this duty upon the commercial banks. They have evolved various methods of financing and left the traditional methods far behind and evolved themselves into development banks. The importance of the SSI sector can be best explained by the census according to which this sector employees around 60 million persons. And if we talk in terms of value then this sector accounts for about 48% of manufacturing output and 42% of the total exports of the country. 3.1 Types of Industrial Finance: Depending upon the time period requirement of funds the financing can be classified into the following three types: 1) Short term financing: this refers to those funds which are required by the entrepreneurs for short term ie. For a period ranging less than one year. The motive of such funding is to meet the working capital requirements of the enterprise. 2) Medium term financing: this refers to those funds which are required by entrepreneurs for a period ranging from one to five years. This type is needed to fund the permanent working capital requirements, small expansions, replacements, and modifications etc. these funds can be raised through the following resources: Issue of debentures Issue of shares Borrowing from banks and other financial institutions Ploughing back of profits ie the retained earnings 3) Long term financing: it refers to that financing which is extended for a period ranging for more than 5 years. Such funds are required by entrepreneurs for the purpose of investing into fixed assets, for expansion purpose, for bringing about modernization in the enterprise and introduction of new technology. 3.2 Means of finance: Credit Flow The main source of input to the sustained growth of small scale sector industries is CREDIT. Credit has already been classified into short term, long term and medium term on the basis of requirement of the enterprise. The institutional arrangement for providing the capital requirement of the SSI is as follows: SSI are provided the working capital by the commercial banks and in some case this initiative is taken up by cooperative banks and regional rural banks. In case of term loans the provision is made by the state financial corporations, small industries development corporations, national small industries corporation and NABARD. Financial assistance to SSI by NSIC is also made in the form of supply of machinery on hire purchase basis. Even tiny units are able to get loans from commercial banks along with working capital in the form of composite loans. Refinancing facilities to the above institutions are provide by Small Industries Development Bank of India(SIDBI) Term loans on long term basis are provided to the small scale units by SFCs mainly through Single window Scheme and National equity fund. Under single window scheme also the SFC provide some part of working capital for pre operative expenses. 3.2.1 Credit to SSI Sector from Public Sector Banks The table below gives the positions with regard to flow of credit to SSI Sector:- At the end of March 2005 At the end of March 2006 At the end of March 2007 At the end of March 2008 At the end of March 2009 Net Bank Credit 1,69,038 1,84,381 1,89,684, 2,18,219 2,46,203 Credit to SSI 25,843 29,485 31,542 38,109 42,674 No. of SSI Accounts (in lakhs) 32.25 33.77 N.A. 29.64 N.A. SSI Credit as percentage of Net Bank Credit 15.29 15.99 16.6 17.5 17.33 There is a marginal decline in share of credit to SSI sector as a percentage of net bank credit. 3.2.2 Credit to Tiny Sector The Table below gives the status of credit flow to tiny sector since 1995:- At the end of March 1995 At the end of March 1996 At the end of March 1997 At the end of March 1998 Net Credit to Tiny Sector 7734 8183 9515 10273.13 Tiny credit as percentage of net SSI credit 29.93 27.76 30.2 27.0 The advances outstanding against Tiny sector increased from Rs.9515 crores at the end of March, 1997 to Rs. 10273 crores at the end of March, 1998. The share of tiny sector in the advances to SSI sector has, however, decreased from 30.2% at the end of March 1997 to 27.0% at the end of March, 1998. As per RBI guidelines, 40% priority sector lending going to SSI has to go to tiny units with investment in plant and machinery below Rs. 5 lakhs and another 20% to tiny units with investment in plant and machinery between Rs. 5 lakhs and Rs. 25 lakhs. Thus, against the target of 60% of SSI credit for tiny units, actual flow at 27% is very low. 3.2.4 Steps taken by Reserve Bank of India to improve credit flow to SSI sector a) Investment limit has been enhanced from Rs.60 lakhs to Rs.300 lakhs and for tiny units from Rs.5 lakhs to Rs.25 lakhs. As per the RBI guidelines the funds normally available to SSI sector, 40% be given to units with investment in plant and machinery up to Rs. 5 lakhs; 20% for units with investment between Rs. 5 lakhs to Rs.25 lakhs and remaining 40% for other units. b) to expand the extent of Single Window Scheme of SIDBI to all districts to meet the term loan working capital financial requirements of SSIs. c) With a view to manage the cost of credit to SSI units, banks are advised to grant loans to only those SSI units with a good track record. 3.2.5 Monitoring Credit to SSIs is subject to regular monitoring by Reserve Bank of India, Department of SSI ARI, National Advisory Committee of SIDBI, State Level Bankers Committee and District Level Coordination Committees of the Bank. 3.2.6 Fresh initiatives announced in the Budget of 2008-2009 In this budget speech the Finance Minister has announced the following measures for improving credit supply to SSI sector a) A new credit insurance scheme launched. The problem of inadequate provision of security to banks and the rate of low recovery are recognized as the constraints of flow of credit to SSI units.the problem is more complex in case of tiny sector units and export oriented units. And the above scheme is launched in the purview of this problem for the help of SSI units. b) Composite Loan Scheme Limit Enhanced to Rs. 5 Lakhs Another provision made in the budget is that the composite loan scheme of SIDBI and commercial banks designed to solve operational difficulties of the small borrowers by presiding term loan and working capital through a single window. The limit for composite loans has been enhanced from Rs. 2 lakhs to Rs. 5 lakhs. c) Working Capital Limit Enhanced to Rs. 5 Crores In the case of SSi units, the need for working capital is determined on the basis of 20% of the annual turnover. There is a provision in the banks to enhance this limit from 4 crore to 5 crore. d) Credit Delivery to Tiny Sector To increase the outreach of banks to the tiny sector, leading by banks to Non-Banking Financial Companies (NBFCs) or other financial intermediaries for purposes of on-lending to the tiny sector is being included within the definition of priority sector for bank lending. 3.2.7 High level committee for credit (Kapur committee) Inorder to boost the financing activity of the SSI RBI appointed one man committee to improve the delivery system and simplify the procedures for the credit availability for the SSI. The Committee has submitted its report to RBI on 30th June, 1998. Some of the major recommendations of the Committee are:- i) Special treatment to smaller among small industries ii) Enhancement in the quantum of composite loans iii) Removal of procedural difficulties in the path of SSI advances iv) Sorting out issues relating to mortgages of land including removal of stamp duty and permitting equitable mortgages v) Allowing access to low-cost funds to Small Industries Development Bank of India (SIDBI) for refinancing SSI loans vi) Non-obtaining of collaterals for loans up to Rs.2 lakhs; vii) Setting up of a collateral reserve fund to provide support to first party guarantees; viii) Setting up of a Small Industries Infrastructure Development Fund for developing industrial areas in/around metropolitan and urban areas; ix) Change in the definition of sick SSI units; x) Giving statutory powers to State Level Inter-Institutional (SLIIC); xi) Setting up of a separate guarantee organisation and opening of 1,000 additional specialised branches; and xii)Enhancement of SIDBIs role and status to match with that of National Bank for Agriculture and Rural Development (NABARD). Kapur Committee has made 126 recommendations out of which RBI has already accepted 40 recommendations for implementation. 3.3 Small Industries Development Bank of India (SIDBI) SIDBI was set up by an Act of Parliament, as an apex institution for promotion, financing and development of industries in small scale sector and for coordinating the functions of other institutions engaged in similar activities. It commenced operations on April 2, 1990. SIDBI extends direct/indirect financial assistance to SSIs, assisting the entire spectrum of small and tiny sector industries on All India basis. The range of assistance comprising financing, extension support and promotional, are made available through appropriate schemes of direct and indirect assistance for the following purposes:- } direct credit to the SME(small medium enterprises) . } support to micro-finance institutions for capacity building and on lending . } provides financial support to the sick / small scale industries. } Principal Financial institution engaged in development initiative in rural sector and improving the SSI unit. } Also encouraging SSIS and generating employment in rural India. The Bank also performing the rehabilitation duty and improving the performance of small Industries. VARIOUS SCHEMES FOR FINANCING OF SSI 3.3.1 Direct Assistance Schemes SIDBI directly assists SSIs under the following scheme: Project Finance Scheme Equipment Finance Scheme Marketing Scheme Vendor Development Scheme Infrastructural Development Scheme Technology Development Modernisation Fund Venture Capital Scheme These schemes aim at solving the key issues in SSI ie., the problems of high tech project, marketing, infrastructure development, quality improvement, export financing and venture capital assistance. 3.3.2 Indirect Assistance Schemes Under its indirect schemes, SIDBI extends refinancing facility of loans to small scale sector by SFCs, SIDCs and Banks. Till now refinance is extended to 896 PLIs and these PLIs have their network extended to more than 67000 branches with the help of which they provide financing to these SSI. 3.3.3 Promotional and Development Activities SIDBI is also into providing other assistance to the SSI for its development besides limiting itself to the provision of simple financing. It involves itself in Entrepreneurship development programmmes, modernization programmes and micro credit schemes inorder to bring about economic empowerment of women specially in the rural areas by providing them opportunities of training and development. A.Refinance against term loans in respect of projects/activities eligible for assistance under the Scheme Interest on term loans for fixed asets and working capital advances (excluding interest tax) (% p.a.) Interest on Refinance (% p.a.) (i)Upto and inclusive of Rs. 25,000 12.0 9.0 (ii) Over Rs. 25,000 and upto Rs. 2 lakh Not exceeding 13.5 10.5 B.Refinance against term loans (Applicable to all eligible institutions) (except RRBs) Interest on term loans (excluding interest tax) (% p.a.) Interest on Refinance (% p.a.) (i) Upto and inclusive of Rs. 25,000 12.0 9.0 (ii) Over Rs. 25,000 and up to Rs. 2 lakh Not exceeding 13.5 10.5 (iii) Over Rs. 2 lakh Not exceeding 14.0* 12.0 4.3.4 Performance SIDBIs efforts have resulted in increased flow of credit to SSI sector since inception as indicated below: Year Sanction Disbursement 2000-01 2412 1819 2001-02 2847 2038 2002-03 2909 2146 2003-04 3357 2672 2004-05 4706 3390 2005-06 6266 4801 2006-07 6485 4588 2007-08 7481 5243 SIDBIs assistance to: (i) Tiny Units about 89.2% of the total no. of projects under Refinance Scheme during the period of 2006-07 were tiny, receiving an assistance upto Rs. 5 lakh . The total sanctions for such projects accounted for 39.6% as against 36% of the total amount of sanctions in previous year. (ii) Women entrepreneurs under various schemes available for financing of SSI the total assistance amounting to Rs. 19.07 crores was given to 1067 women entrepreneurs during 2006-07. (iii) Backward areas during 2006-07, the projects originating from backward areas for which the need for financing was felt, received an assistance to the level of Rs. 778 crores of the total sanction which accounted for 33% of total assistance under Refinance Scheme of SIDBI. 3.3.6 Main Schemes of SIDBI A brief summary of the Schemes available with SIDBI. More details are available under the Section Policies Schemes. National Equity Fund Scheme providing support to those entrepreneurs which are into setting up of projects in tiny sector. Technology Development Modernisation Fund Scheme this scheme aims for providing financial assistance to existing SSI units for matters relating to technology upgradation/modernisation. Single Window Scheme aims to provide both term loan as well as working capital loans to the small scale units through the same agency. Composite Loan Scheme this aims at providing loans for equipment and/or working capital and also for worksheds to artisans, village and cottage industries in Tiny Sector. Mahila Udyam Nidhi (MUN) Scheme this scheme aims to promote women as entrepreneurs by providing equity support to them for setting up projects in Tiny Sector. Scheme for financing activities: the need is even felt for the assistance in the field of marketing the products produced by the SSI and these include marketing research, RD, product upgradation, participation in trade fairs and exhibitions, advertising branding, establishing distribution networks etc. Equipment Finance Scheme this scheme is available inorder to help SSI with ease in using the hi-tech machinery and equipment for facilitating quality production. Venture Capital Scheme this is a provision made to encourage SSI ventures to acquire capital equipment,for building up of export capabilities/import substitution including cost of total quality management and acquisition of ISO-9000 certification and for expansion of capacity. Major schemes Technology Development Modernisation Fund SIDBI has set up Technology Development Modernisation Fund (TDMF) scheme for the assistance os small scale sector units so as to enable them to modernize their production techniques with the help new and improved technology so that their products can stand the foreign competition and the quality of their products can be enhanced. This would also help them to reduce their cost of production and removal of the inefficiencies in the production techniques. Assistance is available for meeting the expenses on purchase of capital equipments, acquiring of technical know-how, upgrading of process technology. The Coverage of the TDMF scheme has been enlarged w.e.f. 1.9.1997. Non-exporting units and units which are graduating out of SSI sector are now eligible to avail assistance under this scheme. National Equity Fund National Equity Fund (NEF) under Small Industries Development Bank of India (SIDBI) provides equity type assistance to SSI units, tiny units at one per cent service charges. The scope of this scheme was widened in 1998-99 to cover all areas excepting Metropolitan areas, raising the limit of loan from Rs. 1.6 lakhs to Rs. 2.6 lakhs and covering both existing as well as new units: (a) The following are eligible for assistance under the scheme:- i. New projects in tiny and small scale sectors for manufacture, preservation or processing of goods irrespective of the location (except for the units in Metropolitan areas). ii. Existing tiny and small scale industrial units and service enterprises as mentioned above (including those which have availed of NEF assistance earlier), undertaking expansion, modernisation, technology upgradation and diversification irrespective of location (except in Metropolitan areas). iii. Sick units in the tiny and small scale sectors including service enterprises as mentioned above, which are considered potentially viable, irrespective of the location of the units (except for the units in Metropolitan areas). iv. All industrial activities and service activities (except Road Transport Operators). (b) Project cost (including margin money for working capital) should not exceed Rs. 10 lakhs in the case of new projects in the case of existing units and service enterprises, the outlay on expansion/modernisation/technology upgradation or diversification or rehabilitation should not exceed Rs. 10 lakh per project. (c) There is no change in the existing level of promoters contribution at 10% of the project cost. However, the ceiling on soft loan assistance under the Scheme has been enhanced from the present level of 15% lakh per project to 25% of the project cost subject to a maximum of Rs. 2.5 lakh per project. 3.4 State Financial Corporations (SFCs) SFCs were set up mainly to finance small and medium scale units. The area of operation of SFCs is generally limited to the States. SFCs also actively participate in assisting small scale units thereby helping them to modernize and upgrade the technology by making provision for term loans and soft loans and also restructuring the sick small scale units through rehabilitation and revival schemes through equity assistance under SIDBI seed capital scheme. At present, there are 18 SFCs (including TIIC which was set up as a company) in existence for more than 40 years and operate as Regional Development Banks. The SFCs have played an important role in the evolution and growth of small and medium scale industries in their respective states. They provide financial assistance to industrial units by way of term loans, direct subscription to equity, guarantees, etc. Over the years SFCs have expanded their activities and coverage of assistance. 3.5 National Small Industries Corporation (NSIC) 3.5.1 Bill Financing Bills drawn by small scale units for the supplies made to the reputed and well established enterprises and duly accepted by them will be financed / discounted by NSIC for a maximum period of 90 days. 3.5.2 Working Capital Finance working capital financing of sound and well managed units, will be done on selective basis in case of requirements emerging, to enable them to make payments for their purchases of consumable stores and spares and production related expenses particularly electricity bills, statutory dues, etc. 3.5.3 Export Development Finance Finance for export development to export oriented units for meeting their emergent requirements. Pre and post shipment finance shall also be provided to such units at usual terms conditions. 3.5.4 Equipment Leasing Scheme The object of the Leasing Scheme is to assist SSI Units to procure industrial equipment for modernisation, expansion and diversification of their industries. ELIGIBILITY Exclusively for existing financially viable SSI units including ancillary units, duly registered as SSI units with the Directorate of Industries. BENEFITS Ø 100% financing at very liberal terms with easy repayment schedule. Ø Simple formalities and speedy sanction. Ø Single window system for imported equipment. The Corporation undertakes to complete formalities like procuring import licence, opening of Letter of Credit etc. Ø Tax rebate on full 5 year lease rental. VI. Review of some of the articles studied under the purview of the study 1) ISSUES IN SSI FINANCING SOURCE: The Hindu Newspaper editorial dated 5 Dec 2006 ANALYSIS: the article argues that the provisions of the credit policy relating to the advances to the NBFC for on lending to SSI would be treated as priority sector. but financing of small units, especially those in manufacturing, is hardly an attractive proposition for NBFCs. Over the past few years, the concept of priority sector lending, implying a preferential access to bank funds that small entrepreneurs and other less privileged categories enjoyed , has been diluted by including in this category bank lending for individual housing, lending to State Finance Corporations (SFCs) and advances to NBFCs for financing small transport operators. This has helped banks fulfill their priority sector obligation without having to oblige the thousands of needy individual entrepreneurs. Some of the deemed priority sector advances are in any case made by NBFCs or SFCs from public deposits and other resources that they command and deemed credit is thus unlikely to result in substantial additional financing of SSIs. 2) SIDBI PLANS Rs 250 CRORE MICRO FINANCING (SOURCE: Business Line newspaper dated 7 th sep 2004) ANALYSIS: as per the articles besides direct lending SIDBI is into provision of refinancing to the SFC for lending to SSI. It has been into lending to SSI or large corporate who buy goods from SSI including: BHEL, Escorts, Bajaj electrical etc the SME Fund has been operational since April 1. SIDBI aims to disburse Rs 10,000 crore in the next two years, which would include refinance. During the last four months, they have already disbursed Rs 605 crore mainly to SSI sector. 3) SSI SHARE IN BANK CREDIT FALLING (SOURCE: Business Line dated 25 aug, 2007) ANALYSIS: according to this article the credit flow towards the small scale units have declined in the past few decades. This fact can be supported by the figure that the level of financing was 16.2% in 1991 and till 2006 it declined to 8.5%. Total financing of the priority sector has declined accounting for the total disbursements by the scheduled commercial banks was 14,45,847 crore. Out of this only 6.24% was made available to the SSI. VII. Financing Norms: FOR LENDERS 1. The all India financial institutions stipulate a promoters contribution norm of 20% of the total project cost for industrial estates set up in notified less developed area and a 22.5% norm in other cases. In the case of estates costing less than Rs. 300 lakhs, the following margin money have been stipulated by IDBI to make them eligible for financing: * 15% margin for estates set up by technician entrepreneurs or unemployed engineers where the sheds are to be acquired by them on hire basis. * 20 to 30% margin for co-operative estates where the sheds are entirely by small scale units. * 30 to 35% margin for estates set up by joint stock companies whose shareholders occupies majority of the sheds. * 40 to 50% margin for estates set up by proprietary and partnership concerns. I. SFC/ SIDC should maintain separate and distinct accounts of fresh disbursements made to SSI units and outstanding amounts there against. II. Periodical statements to be obtained from SFC/ SIDC to monitor the position. III. Annually, a certificate issued by SFC/ SIDC statutory auditors certifying that the outstanding borrowings from banks were fully covered by the non-overdue loans outstanding in respect of fresh disbursements made to SSI units from out of term finance/ lines of credit granted by banks. IV. The rate of interest to be charged by banks on such term finance/ loans/ lines of credit will be in conformity with the directives on interest rates issued by the Reserve Bank from time to time. * In order to ensure adequate credit to this sector, the credit requirements of village industries and other SSI units having aggregate fund-based working capital limits upto Rs. 5 crores from the banking system, will be computed on the basis of a minimum of 20 percent of their projected annual turnover for new as well as existing units. VII. Analysis of growth of SSIs During Budget 2008-2009 1. The proposal that has been cornering much interest of industry players is minimum alternate tax (MAT), which has now been levied on technology companies. Though all technology firms have been brought under the ambit of MAT, the impact will not be much for big IT firms. 2. The Budget doesnt allow pass-through status to VC start-ups in sunrise sectors of BPO, media, advertising, financial services and mobile value added services. 3. Another budgetary reform that could also prove to be a thorn in the path for the SMEs is the 12.5% service tax on leased premises. President of Nasscom, Kiran Karnik, calls the increase as â€Å"unjust†. â€Å"It is usually the small guy who leases property. The big companies own their land,† 4. FM has proposed to exempt from service tax all services provided by technology business incubators. In turn, their incubatees whose annual turnover does not exceed Rs 50 lakh will be exempt from service tax for the first three years. How it affects SSIs 1. It was presented against a backdrop of high expectations with the economy having moved into the high growth trajectory of 8.5 per cent, supported by a strong growth in services and industry sector. 2. Yet many observers believe that big-ticket reform in Budget 2007-08 have not been taken on the way they should have and tax changes have left most quarters wanting, as substantial giveaways had been anticipated. 3. Small players felt serious impact on their net profits as now they would also have to shell out 11.33 percent MAT in addition to the 12 percent tax which they already pay. Also the small-sized BPO players suffered due to this levy. 4. The IT industry is happy with the proposal to grant pass-through status to VCFs investing in biotechnology and IT companies. But removal of this pass-through status for other areas such as mobile VAS and BPO had a negative impact. Targets under priority sector lending There are no targets set by domestic banks (both public sector and private sector banks) and foreign banks for lending to SSIs. as given in data below The targets and sub-targets set under priority sector lending for domestic and foreign banks operating in India are furnished below: Domestic banks (both public sector and private sector banks) Foreign banks operating in India Total Priority Sector advances 40 percent of NBC 32 percent of NBC Total agricultural advances 18 percent of NBC No target SSI advances No target 10 percent of NBC Export credit Export credit does not form part of priority sector

Brennaghs Hamlet Essay -- essays research papers

Often when a movie is adapted from a play, there are several aspects which are adjusted or completely lost. This often depends on the directors point of view as well as the casting director. In Kenneth Branagh’s movie “Hamlet'; only a small number of aspects were lost from the movement of the play to the movie. The movie was ‘word for word’ of the play with the exception of a few moved silique. Therefore, the plot or order did not change. The scene where Hamlet meets his father, 1.5, was very well done; conjuring great emotions of fear and suspense. In addition, the final scene was adequately performed evoking anxiety and thrill for the viewer. The ghost of Hamlet was very disappointing at first but later developed into and excellent portrayal. The characters who played Marcellus, the first Grave digger and Oris, Jack Lemmon, Billy Crystal, and Robin Williams respectively, were fairly poor selections by the casting director. They lacked a certain Shakespearian character as famous comedians. It could not be forgotten making the choices dispiriting.   Ã‚  Ã‚  Ã‚  Ã‚  “You tremble and look pale'; (1.1.53). The first viewing of the ghost causes the guards great fear. They are unsure if what they have seen is “something more than just fantasy'; (1.1.54). It appears to be the body of the late King Hamlet but perhaps it could be their boggled minds. When the ghost enter a second time, they confirm that it was in fact the ghost of Hamlet. This terrifies and mystifies Bernard, Heratio, and Marcellus. The reader feels all of the emotions along with these characters, as it is expressed through the dialogue.   Ã‚  Ã‚  Ã‚  Ã‚  In Act 1 Scene 4 and 5, when Hamlet meets and speaks with the ghost of his father, the fear increases. You begin reading faster and feel like you are running after the spirit with Hamlet. The actual conversation between the two is very fast and flows very nicely. Once agin making the scene more intense. Throughout the scene the dramatic effects are heighten by the ghost’s long lamented speeches to his son. The entire scene is one of climactic drama.   Ã‚  Ã‚  Ã‚  Ã‚  In the movie, the ghost first appears to be a statue. He brings about no feelings of horror in the viewer. This sets the viewer up for grave disappointment as in the play it is s... ...p;  Ã‚  Perhaps Branagh used these actors for their names to help pull in the ratings. If this is the case, the ratings would have been high without them. Perhaps, he used them to get the image of them as “uneducated stars'; out of peoples’ minds. Or perhaps they used him for the dame reason. Either way, their parts do not fit the roles they played. Regardless the movie was excellent and it was immensely enjoyed.   Ã‚  Ã‚  Ã‚  Ã‚  The movie kept you at the edge of your seat from the ‘ghost scene’ on. Although it was four hours, it seemed to go by much faster. It is always interesting to see a director’s interpretation or portrayal of the play. Kenneth Branagh did an excellent job. “2 thumbs up!';   Ã‚  Ã‚  Ã‚  Ã‚  As an amazing play is moved to a movie, it is very sad to see characters or scenes lost. In Branagh’s “Hamlet'; very little is lost in his adaptation. This is very pleasing as the play is sensational The only problem faced is that of the comedic actors. This did not effect the outcome of the movie and many are looking forward to more of Branagh’s work.

The Long Road to Graduate School :: Graduate Admissions Essays

The Long Road to Graduate School In his poem, The Road Not Taken, Robert Frost wrote, "Two roads diverge in the woods, and I took the one least traveled by/ And that has made all the difference." In this poem, the narrator had a choice of two roads. However, I've discovered that life is a little more complicated. Sometimes the path we embark on is not always the one we choose. Sometimes we are pushed or pulled in certain directions and we have to react to our environment. My path to a college education has been filled with bumps, potholes, detours and roadblocks. The signs often read "yield" and "do not enter." The path has not always been clear, but I've kept my eyes opened, focused on the road ahead, and the experience has made all the difference. During my freshman year in high school, my mother remarried and I had to move from Colorado to Kentucky. One year later, we relocated back to Colorado after they divorced. During my junior year in high school, my mother remarried again and I had to change schools again, although we remained in Colorado. Thus, I did not have a sense of continuity during high school and although I recognized that my path would lead me to college, I was not ready to commit myself to school full time. Instead I went to work full time as a grocery clerk and worked my way up to assistant manager. I then moved into customer service work and finally fell into an advertising manager position. I took several night courses during this period until I was ready to commit to school full time. Although I could have continued with work, I knew that it was not what I wanted to do and once I committed myself to attending school and realized that I wanted to study Sociology, I have proven myself to be an above ave rage student. This past year, I earned all "A"s in my courses.

The role of the community worker is fraught with tensions and dilemmas

In Britain in the 21st century, community workers are often linked with economic regeneration and consultation, empowerment and capacity building. This is in total contrast with the 1970's when community work was very closely associated with social work. (Twelvetrees, 2003.) Twelvetrees suggests that at its simplest community work is the ‘process of assisting people to improve their communities by undertaking collective action.' (Twelvetrees, 2003.) Community work though is not just carried out by community workers, community leaders, support workers and many others may choose to call themselves community workers. The majority of community work is carried out by paid workers and they undertake a wide range of functions. Community workers are classically seen as a guide or catalyst, enabler or maybe a facilitator. Community workers ‘go' to the place of the group and can advise its members on how they can do what they want to do. They can also cover roles such as secretary or chair, broker or advocate, but most important being clear about the fact that they must be clear about the role which they are playing at a certain particular time. Twelvetrees, (2003) suggests that community workers should be a ‘Jack of all trades' who can take on different roles and approaches and are willing to bring them into play in different situations. Community work therefore has a wide skill base with a great emphasis placed on the ability to make judgements and build relationships with others. Community workers must be able to adapt to each new situation and be able to listen, understand and act in an appropriate way to the situation that they are involved with. Butcher, (in Butcher et al, 1993) suggests that on the most basic principles community stands for the idea that community is a network of people who share a common interest. For many, community is where they can both have a sociological and psychological link to others. Sociologically they can ‘be part' of the community and can ‘identify with' it psychologically. These two factors greatly strengthens the idea that community workers work with groups of people who have a common interest and reason for being together. Summarising the above Community work can therefore be best described as both a set of values and as a set of techniques, skills and approaches which are linked to these values. Twelvetrees (2003) suggests that these values are to do with justices, democracy, love and empowering, and ‘getting a better deal' for those who are in some way disadvantaged. Primarily community workers must be able to establish relationships with others see the world through the community's eyes and find ways to assist them to help themselves. The theory behind most community work is basically about helping people to get a better deal, primarily by making this happen themselves, by being a facilitator and empowering the community groups in which one is working. Derrricourt and Dale, (in Jacobs et al, 1994) suggests that no one can work in community work long before realising that even ‘the simplest thing is difficult'. Community work it's self is a task of working with groups of people who may have different ideas but empowering them to come to a mutual agreement and find common ground in order to make the ‘project' work. In any real life situation within community and youth work there will be pressures and constraints on a worker to operate in some ways rather than others. Whatever the ideology, the worker must select actions which seem most likely to help the members of the particular community to get a better deal for themselves and become more confident and skilled. Twelvetrees (2003) suggests that while the values of community workers will quite legitimately influence their priorities, they also have to be pragmatic about choosing which approach is likely to work best. One of the major sources of tension within community work is that some workers can sometimes go into a new project with the agenda already clear in their head, with no room for changing it. By having this approach community workers produce a great deal of tension simply because they are meant to be helping the community it's self get a better deal through empowerment but by coming in with a fixed agenda it suggests that they have it all worked out. This leaves no room for any sort of consultation or community group meetings and can take away nearly all the interest by the residents. By not using community consultation the residents can very easily loose interest and involvement in a project if they are suspicious of the fact that it is not what they want to see happening. Community workers must be careful to go into a project with an open agenda and the ability to mould the agenda to what the residents want or face tension and the possibility of the lack of support of the community that they are working in. This happened in my local community. A substantial grant was won to improve the town. The council decided to create a community centre that would house a cyber-cafà ¯Ã‚ ¿Ã‚ ½ and open access hall for a variety of activities. It seemed like a good idea to the council yet the local community just wanted the money to be spent on tidying up the council estate, a new set of playground equipment and a new layer of paint in the church hall that the community had always used. Unfortunately the community worker and the council did not listen to what the residents wanted, and 5 years down the line the community centre is un-used except by a mothers and toddler group, with the rest of the community groups preferring to use their old hall. This project has tarred the council with a stereotype that they do not listen anyway so the local community has lost any belief in the fact that they are in it for their interests, even 5 years later this still is a lasting view. Community work often involves inter-agency working. Inter-agency work brings together a range of individuals, organisations and interest groups. By working with these agencies it can bring about tensions between the different managers, and can bring about competition and misunderstandings. Working with different agencies can seem like a good idea but there are many issues that can be raised and these can have a big effect on the overall ‘community; formed by the worker. Because each agency comes with its own agenda then their will be differences in the organisational systems. Banks et al (2003) states that different agencies have different systems for allocating work and recording and sharing information, this can cause many internal issues surrounding the smooth running of the project. When trying to work as a community worker to bring about change these issues must be carefully addressed. The tension will always be there because of the different agencies involved with their own interests but the role of the community worker here is to make sure that the project does not suffer and that the issues are dealt with in a open arena. Take for example a youth action project may include the police, youth workers and nurses. All these come with different agendas, youth workers looking at informal education and welfare, nurses on health and police officers on law enforcement and crime prevention. (Banks et all 2003) All of these different agenda have to be carefully managed in order for the project to be successful. Each agency must understand the importance of the project as a whole and be able to communicate any issues that it has with the other agencies. This is where the community worker can get stuck in the middle, between the different agencies and stuck in with inter-agency politics instead of being out in the community. Dilemmas also form part of the daily planning for community workers. Take for example the planning of a new project, does the worker go for a big and high profile project that will involve the whole community but may not be very effective due to the fact that it may never reach its goals. Or does the worker settle for the small project that will enable him/her to achieve the desired outcome and be able to address a certain issue that the community has raises like youth ‘hanging about on the streets'. This causes the community worker to face the fact that he either has to work with all the community, which he is likely to get more funding and support for, or just to focus on an achievable project like talking the youth ‘boredom' that is happening. Dilemmas surrounding confidentiality is always a difficult to decide the ‘right' course of action. Although community workers are not seen as a counselling service, many see workers as a trusted person in the community to talk to. In this situation confidentiality becomes important, but also the rules of breaking confidentiality have to be addressed as well. Confidentiality has its limitations to be enforced and this can cause the dilemma to the worker as to what is ethically right. Should the worker pass the information on or keep the confidentiality that he promised. (Roche, 2004) This issue was brought up when I was working as a youth worker in the local youth club setting. A young woman approached me saying that she needed to talk. Due to the fact that I had time to spare and she seemed distressed I let her talk and told her everything that she said would be confidential. She then told me that she was getting beaten up at home but did not want to it get out as she did to want her and her siblings to be spilt up. I spent a whole supervisory session talking to my supervisor about confidentiality. In the end I had to break it as a way of helping that young person to escape the endless circle but it was not a light hearted decision. My trust had been broken and since then the young girl has not come back to the youth club, but I know that she is now safe and living with a foster family and her siblings. One dilemma that community workers often face is the fact of accountability and who are they actually accountable to. Many workers would suggest that they are accountable to the community groups as they are working for what they need but others may suggest that they are accountable to the state and their employer. Community workers are employed by a wide range of bodies, including local authorities, primary care trusts, regeneration partnerships, charities, housing committees, the list is endless. All of these bodies have their own organisational and departmental aims for the community worker's role, and the worker is accountable to in a legal/employment sense to their employer. (Henderson and Thomas, 1992) In any community work there is the potential for a complex layering system of accountability, as managers may be employed by some agency to mange work funded by their agency. (Banks, 2003) this is where community workers can find them selves pulled in different directions and must always be careful about what they do. In some cases they may have to balance contradictory and compelling demands and attempt to make sense and achieve them in order to carry out the desired aim. This may be where they community project has been given a set of money from the Church of England for a youth project, this project has then started to deal with people from all religions coming to the project. In order to retain the centres success the worker does not want to ban the youth from the centre due to the fact that they are benefiting from it. Yet the worker is going against the aims of the funding application. In this case the worker has to be accountable to both the Church of England and the youth who are attending the project. In order to attempt to solve this situation then the worker must talk to the Church and attempt to re-structure the funding application so that it can be used across the project and not just on the youth of the Church. (Adapted from Brierley, 2002.) Bryants, (1982, cited in Jacobs et al) suggests that a community worker acts as a catalyst and has nine skills: 1. relational 2. communication 3. organisational 4. mediating 5. bargaining 6. entrepreneur 7. researcher 8. political 9. tactical. In order to be all these then at some point there will always be conflicting ideas and dilemmas to be addressed. One can not attempt to fill all theses roles of a community worker and still be able to work on a level ground with others. Although all of these are very important the fact that a community worker can relate to others within the community is essential and the skill of being able to accept differences and be able to address these is a skill which is learnt and will always be important in our world of work. There will always be tensions and dilemmas to address but these must not get us down. We must learn to take everything in our stride and learn from our mistakes, being able to see where we went wrong and be able to apply these lessons learnt to our future practise. Our strategy must be based on a clear awareness of what we as workers are aiming to achieve by our intervention and use negotiation and communication to overcome any difficulties that we encounter.