Jan Dhan Yojana: Many Unanswered Questions Kavaljit Singh On 28th August‚ an ambitious programme on financial inclusion - Jan Dhan Yojana (People’s Wealth Scheme) - was rolled out across the country amid much fanfare. The initial target of JDY is to cover 75 million unbanked households by 26th January‚ 2015 in both rural and urban India. The government claims that on the inaugural day‚ a record 15 million zero-balance bank accounts were opened across the country. Nowhere else in the world‚ such
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MONEY LAUNDERING: INDIA AND THE WORLD Table of Contents Chapter I: Introduction Money laundering refers to the conversion of money that is illegally obtained‚ so as to make it appear to originate from a legitimate source.1 Article 1 of the EC Directive defines the term money laundering as “the conversion of property‚ knowing that such property is derived from serious crime‚ for the purpose of concealing or disguising the illicit origin of the property or of assisting any person who
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Jeff Hateley Acct. 652.43 11/19/2014 The Ascent of Money While reading The Ascent of Money I learned that throughout the history of Western civilization‚ there has been a recurrent resentment to finance and financiers. The resentment is created from the idea that those who make their living lending money are somehow freeloading on the “real” economic activities of agriculture and manufacturing. The resentment to finance and financiers has the following three causes: Debtors have tended to outnumber
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Moral action - Doing something that is right in spite of opposition from others Adam Hochschild’s King of Leopold’s Ghost is the story of no other than European ruler King Leopold II of Belgium‚ and the Congo‚ in which he took ownership of. He later became in control of one of the largest colonies in Africa due to his manipulating ways and tricks. Moreover his Congo‚ mostly the white authorities‚ forced some villages in Africa into harsh labor‚ where they were punished for wrong behavior‚ and in
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Dear Guest Welcome to The Royal Exeter Hotel At the Royal Exeter Hotel we strive to achieve high standards and always aim to exceed your expectations. Our staff have been trained to offer a warm and friendly welcome. We will endeavour to make your stay with us‚ an enjoyable one. Our commitment to providing our customers with a comfortable‚ relaxing and enjoyable experience is the result of refurbishment that has taken place throughout the hotel over the last 6 years. We have introduced our 1812 Bar
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affirmative action? Affirmative action is an action or policy favoring those who tend to suffer from discrimination‚ esp. in relation to employment or education; positive discrimination. In the 1940s: President Roosevelt signed an order making discrimination illegal in defense contracting. 1954: The U.S. Supreme Court ruled in Brown v. Board of Education that "separate but equal" facilities on the basis of race were unconstitutionally discriminatory. The Act of 1964: Congress passed the Civil Rights Act
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is still at the forefront of new legislation and posed for ethical evaluation is money laundering. Money laundering has survived the years through questions of morality and lawfulness by adapting to rigorous restraints and finding new ways to manifest itself in different segmentation forms of trade. Historically‚ money laundering in its international form began in the 1960’s (Delston & Walls‚ 2009).While money laundering has been made popular throughout the years because of American Mafia scandals;
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Affirmative Action: Fisher v The University of Texas Affirmative Action. For many Texas high school students‚ these two words haunt them. Their future‚ or at least their future at the University of Texas‚ depends on these words. For Abigail Noel Fisher‚ a 2008 graduate from Sugar Land‚ Texas‚ affirmative action and its race bias policies allegedly ruined her chances of getting into this prestigious state university. Fisher argues that race should not be a factor in college admissions processes
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Money laundering and the financing of terrorism are financial crimes with economic effects. They can threaten the stability of a country’s financial sector or its external stability more generally. Effective anti-money laundering and combating the financing of terrorism regimes are essential to protect the integrity of markets and of the global financial framework as they help mitigate the factors that facilitate financial abuse. Action to prevent and combat money laundering and the financing of
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BLACK MONEY Definition Unaccounted-for and untaxed cash generated by dealingsin a black economy‚ black market‚ or organized crime.Holders of black money try to convert it into legitimate(’clean’ or ’white’) money through money laundering. unaccounted for Definition Adjective : lost without anyexplanation ExampleSeveral thousandunitsare unaccounted for in thestocktaking. BLACK MONEY IN INDIA | THE MENACE OF BLACK MONEY | THE TAINTED WEALTH IN THE COUNTRY | IMPACT OF BLACK MONEY ON INDIAN
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