THE FARMERS’ GRIEVANCES It is historian John D. Hicks’ thesis that the Southern and Western farmers suffered greatly in the new industrial system and blamed their suffering on the railroads‚ the trusts and low prices‚ the money-lenders and the bankers‚ and the money and banking system. Western farmers blamed many of their troubles upon the railroads‚ which sent all western crops to the markets. The farmers had no choice but to use these roads. The railroads naturally exacted high rates. The local
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required to maintain gold and foreign exchange reserves of Ra. 200 crores‚ of which at least Rs. 115 crores should be in gold. The system as it exists today is known as the minimum reserve system. Banker to Government The second important function of the Reserve Bank of India is to act as Government banker‚ agent and adviser. The Reserve Bank is agent of Central Government and of all State Governments in India excepting that of Jammu and Kashmir. The Reserve Bank has the obligation to transact Government
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ORIGIN AND EVOLUTION OF INDIAN BANKING Opinions differ as to the origin of the work "Banking". The word "Bank" is said to be of Germanic origin‚ cognate with the French word "Banque" and the Italian word "Banca"‚ both meaning "bench". It is surmised that the word would have drawn its meaning from the practice of the Jewish money-changers of Lombardy‚ a district in North Italy‚ who in the middle ages used to do their business sitting on a bench in the market place. Again‚ the etymological origin
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addition‚ Enron’s corporate culture also contributed to its demise. The following essay is a study of Enron’s case and an attempt to find out what went wrong for Enron. This essay would try to analyze the role of Enron’s culture‚ the role of its bankers‚ auditors and the role of chief financial officer Andrew Fastow to its bankruptcy. The Contribution of Enron’s Corporate Culture to Enron’s Bankruptcy: In general culture means the sum of social behaviors‚ beliefs‚ attitudes‚ human thoughts
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PROTECTION OF INVESTORS IN PRIMARY MARKET (IPOs) THROUGH ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS (ICDR) 1. INTRODUCTION We have discussed in previous chapter that SEBI has wide powers to regulate the securities market and to protect the interest of investors in primary market as well as secondary market. The board has powers to regulate the functioning of stock broker‚ sub brokers or other intermediaries‚ so that investor’s money can not be lost by malpractices or in other
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the mortgage crisis it not the greed of bankers that brought about the crisis but the fault of the working class for accepting the subprime loans they received to buy homes they couldn’t afford). Therefor the neoliberals feel banks deserved a bailout using taxpayer dollars and the individual taxpayers deserved to lose their homes due to accepting loans to buy homes they couldn’t afford. Responsibility for fell squarely on the taxpayer’s solders in the banker bailout as well the loss of equity and
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NEED FOR INTERNATIONAL TRADE FINANCE We understand that for a business organisation‚ a normal source of finance is a bank or a financial institute. Finance is also obtained for local business requirements. All banks are not allowed to offer international trade finance. Apart from that‚ there are specially created institutes like EXIM bank and EXPORT CREDIT GAURANTEE COPORATION (ECGC). We need to understand international trade finance in greater detail by also discussing role of EXIM bank and role
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Introduction to Investment Banks The roots of investment banks are varied. Some are bankers or merchants who started guaranteeing other merchants’ bills‚ others are outgrown brokerages‚ but most are products of the Glass-Steagall Act. Originally‚ the term "investment bank" comes from the United States of America‚ while some other variations include merchant bank’ in the United Kingdom and securities house’ in Japan. With the globalization of US investment banking‚ the term has become a generic
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public transport‚ such as‚ the Mass Transit Railway or the Cathy Pacific Airline‚ claim to be so. Our city building companies or estate developers‚ such as‚ the Cheung Kong and the New World Estate Development share this point of view. Of course‚ our bankers are not left behind‚ and the Standard Chartered and Hong Kong Bank are in the list. Seemingly‚ most of our big businesses are not only preoccupied with their zeal for moneymaking but also public responsibility. Sadly‚ the gathered facts provide us
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http://money.howstuffworks.com/question737.htm You may have heard an older person talk about how different things were when he or she was your age. It only cost a nickel to see a movie. Gas was 30 cents per gallon. A brand new car only cost about $5‚000. In the intervening years‚ prices have risen‚ sometimes drastically. Seeing a movie in the theater now costs about $10; gas costs more than $2 per gallon; and few new cars cost less than $15‚000. That’s inflation. Inflation is when a certain form
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