milestone in this journey has been the passing of Insurance Regulatory and Development Authority Act‚ 1999. This along with amendments to the Insurance Act 1983‚ LIC and GIC Acts paves the way for the entry of private players and possibly the privatization of the hitherto public monopolies LIC and GIC. Opening up of insurance to private sector including foreign participation has resulted into various opportunities and challenges. CONCEPT OF INSURANCE : In our daily life‚ whenever there is uncertainly
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China and Vietnam: Who is moving toward a free market economy? By Gerald Headd II Prof. Sujian Guo Political Economy of Asian Transition Abstract Anyone can foolishly take a quick look at many Asian economies in transition and come to an even quicker assertion that they have taken on a capitalist market mindset. However‚ one can only determine whether a country’s economy is that of a capitalist market or socialist market by analyzing it based on public/private ownership and market/state
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Industrial Policy‚ 1991 INTRODUCTION The industrial policies pursued till 1990 enabled India to develop a vast and diversified industrial structure. India attained self–sufficiency in a wide range of consumer goods. But the industrial growth was not rapid enough to generate sufficient employment‚ to reduce regional disparities and to alleviate poverty. It was felt that government controls and regulations had put shackles on the growth of different segments of Indian Industry. Lack of adequate
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Christopher Hood‚ a scholar in Public Administration‚ contributed to the development of NPM. His four main concerns were‚ “attempts to slow down or reverse government growth in terms of overt public spending and staffing‚ shift towards privatization and quasi-privatization and away from core government institutions‚ with renewed emphasis on subsidarity in service provision‚ the development of automation‚ particularly in information technology‚ in the production and distribution of public services and
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Company History: British Airways PLC is the largest international airline in the world. It is based at Heathrow Airport in London‚ the busiest international airport in the world‚ and has a global flight network through such partners as USAir in the United States‚ Qantas in Australia‚ and TAT European Airlines in France. Via its own operations and those of its alliance partners‚ British Airways serves 95 million passengers a year using 441 airports in 86 countries and more than 1‚000 planes. British
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CHANGES IN HRM Some of the significant changes that are likely to take place in the human resource management are as follows: Increase in education levels : Due to technological progress and the spread of educational institutions workers will increasingly become aware of their higher level needs; managers will have to evolve appropriate policies and techniques to motivate the knowledge of workers. Better educated and organized workforce will demand greater discretion and autonomy at the
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2.1 Globalization of Markets and Production Globalization refers to a fundamental shift in world economy in which nations are moving toward an interdependent global economic system (Hill‚ 2009). Globalization has resulted in markets in which previously historically separate markets have become one huge global marketplace as a result of reductions in trade barriers and advances in information and transportation technologies. As a result‚ small firms can now participate in international trade right
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There have been numerous suggestions to try and help with jail and prison overcrowding. Some of these solutions are known as front-door solutions while others are known as back door solutions. Front door solutions to prison overcrowding are frequently directed at prosecutors and judges and the way that they handle offenders before and during sentencing. “Some observers suggest greater use of diversion and/or assignment to community service agencies‚ where some offenders may bypass the criminal justice
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This work POL 310 Week 4 Discussion Questions 2 Biodiversity‚ Extinction‚ and Making Choices in Policy contains answers on the following tasks: "Some people argue that since extinctions have always taken place‚ they should be considered a natural process and that the current extinction rates are not a matter of concern. Others point out that the preservation of biodiversity is essential to the continuation of life on Earth and that human actions have greatly accelerated the extinction rate. Should
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wholly owned by the government‚ was facing a situation in which the current compensation packages for senior executives needed to be updated and modified to become competitive compared to its counterparts at similar firms due to the undergoing privatization of Hydro One. As a government-owned corporation‚ Hydro One’s compensation plan was modest with job security and opportunities for career advancement within the organization in the public sector. However‚ as Hydro One was planning to go public‚
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