Thousands of citizens from over 40 cities poured into the streets on 30th January to participate in the nationwide campaign for “March against corruption”‚ started by Param Pujya Gurudev Sri Sri Ravishankarji along with Swami Ramdev‚ Swami Agnivesh‚ Kiran Bedi‚ Anna Hazare‚ Arch Bishop Vincent M Concessao‚ J. M. Lyngdoh and many others. The campaign demanded the setting up of the citizen-drafted Lokpal as an independent body at the center and Lok Ayuktas in the state. These bodies will have powers
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North-Holland DAILY STOCK RETURNS The Case of Event Studies* Stephen J. BROWN Yale Universiry. New Haven‚ CT 06520‚ USA Jerold B. WARNER Universrty of Rochester‚ Rochester‚ NY 1462 7‚ USA Received November 1983‚ fmal version received August 1984 This paper examines properties of daily stock returns and how the particular characteristics of these data affect event study methodologies. Daily data generally present few difficulties for event studies. Standard procedures are typically well-specified
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Political Corruption: Causes‚ Effects and Remedies Introduction Corruption is like a parasite1; that resides in the body and feeds from the essential nutrients being given to the being. This parasite is growing at a rapid pace and is feeding on individuals and on society. There will come a time where in this parasite may grow into such a giant that living itself may become a challenge. It is surely beckoning our country India and we need to address this problem. At present there are only a few who
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widespread corruption for many years. For 2012‚ China was ranked 80th out of 178 countries in Transparency International’s Corruption Perceptions Index‚ ranking below the most of developed countries. This severe problem has become the target of public criticism. The 2002 Mainland China national survey‚ a part of the Asian Barometer Survey I‚ indicated that almost half of people view corruption in government as a common and serious problem. Then what are the determinants of corruption? According
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Corruption in India Corruption is the abuse of entrusted power for private gain. It hurts everyone who depends on the integrity of people in a position of authority. Corruption has been defined variously by scholars. But the simple meaning of it is that corruption implies perversion of morality‚ integrity‚ character or duty out of mercenary motives‚ i.e. bribery‚ without any regard to honour‚ right and justice. In other words‚ undue favour for any one for some monetary or other gains is corruption
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Introduction The expansion of International Trade and the accessibility to foreign stock and debt market has given rise to an increase debate on whether or not there is need to be a global set of accounting standards. As companies compete globally for scarce resources‚ investors and creditors as well as multinational companies are required to bear the cost of reconciling financial statements that are prepared using national standards. It was argued that a common set of practices will provide a “level
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Corruption The word corruption means the destruction‚ ruining or the spoiling of a society or a nation. A corrupt society stops valuing integrity‚ virtue or moral principles. It changes for the worse. Such a society begins to decay and sets itself on the road to self destruction. Corruption is an age old phenomena. Selfishness and greed are the two main causes of corruption. Political corruption is the abuse of their powers by state officials for their unlawful private gain. Over
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content 1. Summary 4 2. Introduction 5 5. External environmental analysis 7 5.1 Pest Analysis 7 5.1.1 Political 8 The activities of Kellogg in the UK are supervised various government agencies. The food safety is subject to the departments of federal government‚ local authorities‚ and multiple organizations. On the other hand‚ as a food production company‚ Kellogg has to obey certain environment regulations in the UK (Carey‚ Susan‚ 2010). The company should comply with regulation of release of pollutant
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serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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Many historians argue that the root of slavery is racism. Whilst this is the case of slavery in the American South‚ Caribbean and the Atlantic slave trade‚ Roman slavery and Medieval slavery contradict this notion. Although‚ perhaps the root of slavery being racism is dependant on the opportunity and access to another ‘race’‚ in order to be able to enslave and exploit them. Whilst Ancient Rome and Medieval slavery didn’t have the opportunity to enslave another race‚ the demonstration of setting a
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