Institute of Management & Technology‚ Faridabad Economic Recession in India and Survival strategies (Technical Session III) Kavita Verma DAV Centenary College‚ Faridabad Verma_ruby123@rediffmail.com OBJECTIVES OF THE STUDY To study the impact of recession on Indian economy I.Positive Impact II.Negative Impact To study the survival strategies for 1.Individual 2.Investor 3.Employee 4.Employer THE RECESSION India is facing the position of recession as globalization showing its negative scenario. As it
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HRM Role in Recession The recession is healthy‚ from time to time. The recession helps to stop the businesses‚ which are not bringing value added and the human capital is transferred to more vital businesses at lower costs. In the companies‚ which survive the recession‚ the HRM Role is very important. The recession is very dangerous for the companies. During the times‚ when the business grows dramatically‚ the HRM Function introduces different policies‚ which are focused on spending money. The
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HOëRSKOOL “Life is not a problem to be solved‚ but a reality to be experienced” NAME: KGWATALALA THABANG SUBJECT: TOURISM STUDENT NO: 1152 GRADE: 11(KEY 6) TOPIC: CONFERENCE TOURISM YEAR: 2014 1.1 Introduction Gauteng is one of the nine provinces of South Africa. It was formed from part of the old Transvaal Province after South Africa’s first all-race elections on 27 April 1994. It was initially named Pretoria-Witwatersrand-Vereeniging (PWV) and was renamed "Gauteng"
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matter to which country one belong to‚ it is seen that every second person you come across is being said to be a victim of the dreadful recession. This tsunami like waves of recession have affected almost all the nations of the world from India‚ to America‚ to Australia or for the matter of fact it has even affected Canada to some extent. The worst part of recession that many may lose their jobs or need to shut down a well running business‚ it could also create a situation where people could find ii
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The importance of consumer lending became obvious during the Great Recession. One key factor of the Great Recession was due to the increase subprime and near-prime lending which was further aggravated by the securitization of these loans. The Financial Crisis of 2008 followed similar trends to other crisis (Demyanyk & Van Hemert‚ 2011). First‚ there was an evident boom in the subprime mortgage market. Second‚ a bust occurred in 2007 which is signaled by house foreclosures‚ high delinquencies and
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Dyer‚ Gursoy‚ Sharma & Carter (2007‚ p. 409) argued that tourism is prominent in Australia’s economic restructuring‚ particularly in regional and coastal areas. There are many aspects such as history‚ attitudes and culture to contemplate when defining the meaning of leisure‚ though it is essential the participation of recreational activities free from any other obligations or responsibilities (Lynch & Veal 2006‚ p. 25). The issues statement provided for discussion through this essay is: “Australian
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Negative Economic Impacts of Tourism There are many hidden costs to tourism‚ which can have unfavorable economic effects on the host community. Often rich countries are better able to profit from tourism than poor ones. Whereas the least developed countries have the most urgent need for income‚ employment and general rise of the standard of living by means of tourism‚ they are least able to realize these benefits. Among the reasons for this are large-scale transfer of tourism revenues out of the
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Impact of Ecotourism on Local Communities Table of Contents Table of Figures Section1: Introduction With the main objective of promoting responsible travel to natural areas‚ the well-being of communities and the environmental conservation‚ ecotourism is presented as an alternative type of tourism which is growing incredibly fast (Scheyvens‚ 1999). One of the objectives of ecotourism is to bring benefits to local communities. The important relationship between ecotourism
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Philippine Women’s University CDCEC - Tarlac SUSTAINABLE TOURISM DEVELOPMENT: ITS IMPACT TO THE ECONOMY OF TARLAC CITY Submitted to: Serwin Tolenada Instructor Submitted by: Ma. Ever S. Ignacio BS - Tourism Chapter I THE PROBLEM AND ITS BACKGROUND Introduction Tourism is known as one of the major contributors to the global economy delivering 10.9% of world Gross Domestic Product (GDP) in 1996 (UNWTO 2003). It offers economic benefits to industrialized and developing countries
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CASE STUDY IN TRAVEL‚ HOSPITALITY AND TOURISM Tourism in Singapore 6 May 2013 Table of Contents 1 Introduction The Singapore Tourist Promotion Board was first established in 1964 with the mandate to promote Singapore as a tourist destination. We began work with a small staff strength of 25 and that year‚ we welcomed 91‚000 visitors. The Merlion was created as a symbol as part of marketing campaigns. (Anon.‚ 2013) Travel agent licensing and tourist guide training were
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