Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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www.sciedu.ca/rwe Research in World Economy Vol. 3‚ No. 1; March 2012 Globalization and Economic Growth: A Case Study in A Few Developing Countries (1980-2010) Abdolmajid Arfaei Moghaddam (Corresponding author) Department of Civilization and Government Studies‚ Faculty of Human Ecology‚ University Putra Malaysia‚ Tel: +603-894-67058 E-mail: marfaeim@hotmail.com Ma’rof Redzuan Department of Social and Development Science‚ Faculty of Human Ecology‚ University Putra Malaysia‚
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Dawson Stores‚ Inc. (Dawson) needs additional working capital next year. The company would like to obtain a $1‚000‚000 line of credit‚ on an unsecured basis from Springfield National Bank (Springfield). The approval of an unsecured loan would be based on the borrower’s credit-worthiness. In order to evaluate this‚ the company provided its financial statements to Springfield for the year 1990 to 1993. Dawson Stores Inc. is a company which has been experiencing consistent growth in terms of its financial
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I. Statement of the Problem Lincoln national bank had large loan losses in 1980’s‚ Mr. Vigil‚ the CFO didn’t want to repeat the mistakes LNB had in the past and want to create precautionary measures and avert future risks. II. Objectives of the problem The objective is to help LNB review its past performance to avoid future problems and also to help the bank maximize shareholder’s wealth. III. Areas of consideration a. One area that needs to be considered is Credit risk or the potential
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CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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turbulence in late 2011 due to mounting debt and a shortfall in expected revenue. Despite restructuring the debt with the help of creditors‚ the airline found it difficult to extricate itself out of its troubles. The case tracks the transformation in the Indian aviation sector as well as the ups and downs of Kingfisher Airlines. It provides information on the complex debt restructuring exercise at Kingfisher Airlines. Introduction: Kingfisher Airlines‚ a leading Indian private airline ‚ faced a
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and his greatest creation the Well of Moses. A artist at the Court of Burgundy‚ Claus Sluter was determined to become one of the greatest sculptor of his time. In 1389‚ the Northern Late Gothic artist was put in charge of the Chartreuse de Champole by‚ Philip the Bold‚ in charge of the sculptural program. Here’s where Claus achieved the Well of Moses. The Well of Moses was designed over a well‚ were Carthusians Monastery worshiped. The well served as a water source for
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is 6” sand Variable dip angle Generic GR-Density Tool Generic Neutron Porosity Tool Variable azimuth angle and position Symmetrical or non-symmetrical response and impact on dip estimation Thin bed response in vertical well vs. high angle and horizontal well α: dip angle Tool information Objectives β: azimuth angle Computation Environments NC State Univ. Cluster Resources 175 dual Xeon computer nodes with 2.8-3.2 GHz Intel Xeon Processors
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Furthermore‚ their financial reporting was very basic and catered to Piper Aircraft‚ their aircraft dealer. * AirTex needs to provide transparent information to all its stakeholders‚ such as their employees‚ their suppliers‚ and the bank‚ with whom they had short-term bank notes payable of $300‚000. * Old owner wasn’t very involved and was absent most of the time. He was only there strategically. It lacked a lot of the controls. There wasn’t a motivation
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Three Executives of a well-known multi-national company decided to form a new company‚ named New Star Company Limited in 1974. These three executives were becoming close to their retirement age. Pifco-Zen Chen Company Limited‚ the company that they worked for had been in business for the last 80 years. It was their previous employers policy to retire the executives with a golden hand-shake worth approximately US120‚000 each. The three executives occupied the following position with Pifco-Zen Chen
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