Why did the First World War have such a disruptive effect on the Essay

For what reason did the First World War have such a troublesome impact on the worldwide exchanging and monetary framework - Essay Example Just the USA have won. From the earliest starting point of the 20-th century the unadulterated market (other than it was in numerous regards a theoretical hypothetical structure) started to be enhanced and somewhat to be supplanted with the new open organizations. These organizations had different beginning and nature. Every one of them worked, in any case, in one bearing, diminishing a level of private enterprise suddenness with its damaging outcomes as occasional mass vestiges. Other than these new foundations have permitted understanding the rights to the best life, have raised the workers’ share, really making open wealth, in dispersion of an item made by all general public (Ashworth, 1962, p65). At that point there was the First World War. It has happened due to the reckless desire of the private cash-flow to the benefit and has carried numerous sufferings to the countries of the world. After the First World War there were the noteworthy changes for free enterprise. The alleged arrangement of ‘free trade’ has been rearranged in arrangement of interstate understandings. In the edges of national economies the top was taken by solid powers, which comprehended the evil of the rash rivalry for local financial structure, as a matter of first importance for new, dynamic ventures. The ancient arrangement of the highest quality level, which inclined to the biases concerning estimation of gold, has been supplanted with progressively current global fiscal framework accepted close coordination of national banks. The hasty rivalry has gotten a commendable balance as the antimonopoly law and, sometimes, components of economy arranging. The social privileges of laborers turned out to be better ensured - the job of worker's guilds has intensified, in certain nations the components of social security, the precursor of the cutting edge frameworks ‘welfare state’ started to show up (Aldcroft, 1978, p68). At that point there was the most ruinous financial emergency for all world history. It happened in light of the fact that the obsolete framework ‘laissez

ORGANISATIONAL CHANGE AND ANALYSIS Essay Example | Topics and Well Written Essays - 3000 words

Authoritative CHANGE AND ANALYSIS - Essay Example The 21st century has seen the rise of versatile association styles to adapt to these undeniably advancing changes in the financial, mechanical and social-social condition. This has affected the conventional association structure from the past bureaucratic to today’s rising post-bureaucratic or also called arrange model of association. A more critical glance at today’s associations will show that both the human and auxiliary segments have been on a consistent change way (Casey 2002). Casey (2002) further sees that today’s association has confronted some type of upset that has been made by the consistently expanding journey for advancement. The issue that emerges in this perception is, in this manner, what are the reasons for such changes and to what degree the present corporate associations have grasped the change or given the indications for those changes. This paper subsequently inspects the different components that have prompted the move from the bureaucratic style to that of post-innovation or system model of association by taking a gander at structures and the human variables. It likewise attempts to learn the degree to which today’s associations have grasped these changes. ... To start, the upheaval of the data and correspondence innovation has been a significant affecting variable in the manner associations have been operational. Procedures, capacities and the general condition of tasks in associations have changed and companies have felt this adjustment in a monstrous manner. Associations have experienced and experienced amazing changes in the twenty first century more than that of the modern unrest (Castells 2011). Choices are today made all the more instantly on the grounds that top administration have shed off a portion of their dynamic obligations with the rise of new innovation or PC data frameworks, for example, choice emotionally supportive networks. They have improved exactness and the time taken to settle on choices and they have encouraged association of numerous individuals instead of the past bureaucratic style where lower unit representatives needed to trust that official conclusions will be made (Heyderbrand 1989). Data innovation has likew ise viably improved the manner in which criticism is looked for from the top administration. For example, today you don't need to book an arrangement to meet the supervisor; rather you could simply send the person in question an email and you will be certain that there will be reaction soonest they get to their sends. Another impact that innovation has brought into associations is the ascent of expert specialists who are increasingly autonomous in speculation and dynamic and the decrease of manual laborers who rely upon management and requests for them to play out their errands fittingly (Frenkel 1999). This has thusly decreased bureaucratic inclinations of depending on requests and hanging tight for directions from the top organs as will be additionally found in this conversation. To obviously hand-off the

Bookish Celebrities The Musicians

Bookish Celebrities The Musicians I am going to be upfront and say that I could not have even started writing this list on my own. I knew I wanted to do something with musicians, but I had no practical knowledge in that area. I consulted a few friends, and it is from them that list was born. Josh Ritter Probably the most recent of the musician-novelist cross-overs, Ritter hit the literary scene with his novel Brights Passage last year. His skill as a songwriter had already earned him a spot on Paste Magazines list of the 100 Best Living Songwriters when the novel was released. It was that skill that attracted the attention of high-profile fans, including Rosanne Cash and Stephen King. It was that same skill that made King hesitant to read the novel, the ability to write narrative songs doesn’t always translate into the ability to write prose, any more than the ability to write good prose translates into the ability to write good verse.  King was pleased with what he read, however, complimenting Ritters tight lyricism and tasty language. Readers can get a taste of the first chapter as read by a variety of famous faces at EWs Shelf-Life. Art Garfunkel The man is a keeper of lists, the most notable of which is the list of every book he has read since 1968. It can be found on his personal website, along with a comprehensive timeline, a collection of his writings, and information about his music career. In the library section of the site, the lists are collected by decade, and organized by year. Each list has the month and year in which the book was read, the author, the title, the date of publication, and the number of pages (when available). Not only is the list well-organized, it is kept pretty current, too. The latest entries are from March of this year, when he read Full Service by Scotty Bowers. He even has a list of his all-time favorites, including The Confessions, The Art of Loving, In Search of the Miraculous, and War and Peace. Ted Nugent He has been in the news most recently for his political views, but Nugent has established himself not only as one of the best guitar players in the business, but as an actor, TV personality, and author.   He has written several books about his many passions, as summed up in the title of his 2000 release God, Guns, Rock and Roll. While his views are not shared by everyone, his books do seem to appeal to a large audience, earning him a spot on the New York Times Bestseller list. He has also written about two books about bow-hunting, a wild-game cookbook, and a politically charged title called Ted, White, and Blue: The Nugent Manifesto.  Nugent has a sense of humor, too. On an episode of The Simpsons titled I Dont Want to Know Why the Caged Bird Sings, his recorded voice says If we outlaw crossbows in our public schools, whos going to protect our children from charging elk?  Ian Bostridge Bostridge may not be the most familiar face to the average music lover, but he is quite well-known in the opera world. He is an English tenor, noted for his delicately expressive ability to inhabit character and emotion. He did not arrive on the opera scene until his late 20s, after spending several years in academia. He holds a PhD and focused his studies on 17th and 18th century witchcraft (the monograph of his dissertation is available for purchase). More recently, however, he put his carefully honed writing skills to use for a collection of lectures, essays, and book reviews called A Singers Notebook. As he explained to The Guardian, I got the idea from Martin Amiss collected essays in which he did the same thing â€" and clearly Ive had a long-term obsession in trying to make sense of going from one activity to another and how they join up. It is a subject that readers find fascinating, too. Amazon is out of stock. Carrie Brownstein These days, she is most-commonly associated with the various parts she plays on the sketch comedy show Portlandia, in which she and partner Fred Armisen tell Portland that to make something into a work of art, they only have to put a bird on it. When she is not in front of the camera, though, she is a guitar player, currently for the band Wild Flag.When her first band, Sleater-Kinney, broke up, she started writing. She has written high-profile interviews for The Believer, video game reviews for Slate, and the very popular (though now concluded) Monitor Mix blog for NPR Music. For the last couple of years, Brownstein has been working on a book called The Sound of Where You Are, which chronicles the changing way in which fans interact with the music and artists that they love. There is talk of a memoir in the works, too, but no title or release date (for either book) is available as of yet.

Dystopian Societies Literature Study - 1913 Words

Utopian Dystopian Societies - Literature Study Written By:Anthony Koper, Nate Stricker, and A.J. Futrick We are learning the meanings of a utopia and dystopia through reading The Giver and The Hunger Games. A utopia and a dystopia are very different. A utopia is an imaginary land with perfection of all kinds. In a utopian world, everybody makes the same amount of money, everyone is treated fairly, there is no racism or discrimination, everyone has housing, and nobody will ever starve or be unhappy. A dystopia is the total opposite of a utopia because a dystopia is a horrible messed up place. Everyone is upset, and it is dark and a gloomy community. In a dystopia, there is a strong government and there are strict rules that you have to†¦show more content†¦Jonas is turning twelve so he is able to earn a job. Jonas’s job is the receiver of memory and all he has to do is receive memories from the giver. But some of the memories our bad and hurt Jonas. But then Jonas wants to share his memories with his family and friends. So Jonas decides to leave the community with G abriel so he could keep Gabriel from not being released and so when he leaves the community the memories leave him in go into the community members. He escaped from the community and was being looked for by searching planes. Jonas and Gabe became very worn out, tired, and starving. It started snowing and they became very cold and almost became frozen with frostbit. Then Jonas tried to transfer warm memories to Gabrial. Jonas tried to think of warm memories, too. Will Jonas stay alive? Read to find out. In the book The Giver the community is a utopia in the beginning and dystopia at the end. Because everyone is the same and there is no hunger or starvation. There is also no feelings, no suffering, or no pain. But once you get farther into the story the community becomes a dystopia because they kill babies because either they our twins and they don’t want to have a relationship with love in it ,because love is not allowed in their community. That why it is a utopia at first then at the end of the book it becomes a dystopia. The second book we studied was The Hunger Games. The Hunger Games

The Utilitarian Theory Of Property - 1480 Words

The Utilitarian theory of property looks to maximize utility for all when property decisions are made. The common statement for the utilitarian property theory is that in making a property the decision should do the greatest good for the greatest amount of people. The problem of course with this theory is that there are many different definitions and ways to measure utility. While one of the founds of Utilitarianism, Jeremy Bentham looked at pleasure to measure utility, aggregated in a balancing system for decision-making, the problem with this view is that it included pleasure derived from bad things as well. A popular idea, under the Law and Economics theory, an offshoot of Utilitarianism, is looking at it from an economic perspective using wealth to identify and go through a cost-benefit analysis. The problem of course is looking at the price of which people are willing to pay necessarily depends on perfect information and that wealth effects will not influence the numbers. Ap plying a cost-benefit utilitarian analysis for the property decision in the Beacon Hill case leads to confusing and shows the problem of looking at decisions regarding cultural property through a Utilitarian lens. 1. Whom to Include in the Aggregation To decide what the greatest good for the greatest amount of people, who those people are has to be decided. It would not make sense to define people, as everyone in the world or the country, a more finite group is needed in order to aggregateShow MoreRelatedThe Utilitarian Theory Of Property1590 Words   |  7 PagesA. Utilitarianism The Utilitarian theory of property seeks to maximize the population’s utility when a property decision is made, the greatest good for the greatest amount of people. The difficulty with this theory stems from defining and aggregating a measure of utility comparable for all people in a cost-benefit analysis. A popular measure for utility, under the welfarist economics utilitarian view is utilizing the price a person is willing to pay for a good or service as the value aggregatedRead MoreBattling over Bottled Water Essay1288 Words   |  6 Pageshas a dispute over water rights escalated into several lawsuits? The purpose of this paper is to analyze the water rights case of Nestle versus Michigan Citizens for Water Conservation (MCWC) from the perspective of the libertarian, utilitarian, and Rawlsian theories of justice. During the year 2000, Ice Mountain, a Nestle water bottling company, moved into Mecosta County, Michigan. Many Mecosta residents were thrilled to learn that Nestle decided to build their water bottling plant in their countyRead MoreApplication Of Property Theories Of The Beacon Hill1740 Words   |  7 PagesII. Application of Property Theories A. Utilitarianism The Utilitarian theory of property seeks to maximize the population’s utility when a property decision is made, the greatest good for the greatest amount of people. To apply this theory, one must define and aggregate a measure of utility comparable for all people in a cost-benefit analysis. A popular measure of utility, under the welfarist economics utilitarian view, is utilizing the price a person is willing to pay for a good or service asRead MoreThe Ethical Theory Of Property1712 Words   |  7 PagesThe Utilitarian theory of property seeks to maximize the population’s utility when a property decision is made, the greatest good for the greatest amount of people. To apply this theory one must define and aggregate a measure of utility comparable for all people in a cost-benefit analysis. A popular measure for utility, under the welfarist economics utilitarian view, is utilizing the price a person is willing to pay for a good or service as the value aggregated in the cost-benefit analysis. HoweverRead MoreAnalyzing The Utilitarian Principle Of The Prince1613 Words   |  7 PagesMohammad Ridha Dr. Hazlett English 132 12/12/2016 Analyzing the Utilitarian Principle in The Prince In The Prince, Niccolà ² Machiavelli makes the utilitarian argument that, if it were for the benefit of the whole state, a prince may hurt some individuals and would be justified in his actions. He suggests that a reputation of cruelty attributed to a new prince can and should be dismissed, as the use of physical force to subdue a people is almost inevitable, if the prince were to retain hisRead MoreThe Effects Of Digital Media On The World Of Copyrights1531 Words   |  7 Pagesfamiliarity to intellectual property or copyright laws. When dealing with sources found digitally the laws become even more blurred and confusing; Copyright laws, traditionally, were intended protect authors and artists and physical mediums. Lawmakers’ struggle with copyright law is how to apply laws intended for one purpose to today’s high tech environment fast-paced environment. Laws are continuously being proposed and paced to stop piracy and infringement of intellectual properties (Yearne au, 2010; JamarRead MoreIntellectual Property Rights And Digital Pirating1364 Words   |  6 PagesINTELLECTUAL PROPERTY RIGHTS AND DIGITAL PIRATING Luke Telfer STATEMENT OF THE ISSUE The idea of intellectual property can be traced back to ancient Greece with the first known reference involving the protection of culinary recipes developed by chefs. According to the World Intellectual Property Organization, â€Å"intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce.† The violation of intellectual property rights canRead More Ethics Paper1121 Words   |  5 Pagesworld and asks if you can consistently will your maxim in a world in which that is a law? But if everyone steals anything they desire, how will there be property rights since it is okay for anyone to take anything at any time? There can’t. Since there are no property rights, the maxim breaks down since stealing only occurs when someone takes property from its rightful owner. Since there is a contradiction in the 1 conception of the maxim, you are prohibited from acting on that maxim. Imagine Ice ManRead MoreThe Morality Of The Market System897 Words   |  4 Pagesinterference. John Locke’s heavily criticized theory of Free Markets allowed government to play a limited role in markets came from the idea that human beings have a natural right to life, liberty and private property. If there were no government humans would be in a state of nature. Locke has heavily influenced the U.S. so much so that the 5th amendment quotes Locke and his viewpoint that labor creates property rights. Locke’s theory further stated that people are free to form a governmentRead MoreIs Feminism a Harmful Ideology Essay1529 Words   |  7 PagesThe following moral theories are components of normative ethics. Application of moral theories to Feminism and Freedom Act Utilitarianism: Act utilitarianism judges the morality of an act according to how much utility it produces. In this case, utility refers to an end or consequence. A morally sound act has utility, meaning that its end is a positive one. The act that produces the most happiness is considered the morally right one. An act utilitarian who believes that feminism

Internshp on Performance Evaluation of Exim Bank Ltd Free Essays

Internship REPORT ON EXPORT IMPORT BANK LIMITED TOPIC: Performance Evaluation of EXIM Bank Ltd. Special Focus on Foreign Exchange Division Department of Business Administration Submitted by www. AssignmentPoint. We will write a custom essay sample on Internshp on Performance Evaluation of Exim Bank Ltd or any similar topic only for you Order Now com Date of Submission: 17th May2012 LETTER OF TRANSMITTAL 17th May2012 To Lecturer Department of Business Administration Subject: Submission of the BBA Internship Report. Dear Madam, It is a great Pleasure for me that I have the opportunity to submit the Internship Report on performance evaluation of Export Import Bank of Bangladesh Limited special focus on foreign exchange division. The internship program gave me an opportunity to have an exposure to the working environment and on the job experience. I have acquired a good understanding on distribution channel of this multinational. I have tried my level best to put meticulous effort for the preparation of this report. Any shortcomings or fault may arise as my unintentional mistakes’ I will wholeheartedly welcome any clarification and suggestion about any view and conception disseminated through this report. Sincerely yours www. AssignmentPoint. com †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. SUPERVISOR’S CERTIFICATION This is to certify that student of department of BBA and major in Finance, has completed the Internship Report titled â€Å"Performance Evaluation of EXIM Bank Ltd. Special Focus on Foreign Exchange Division† successfully under my supervision. I wish her every success in life. Supervisor †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Lecturer Department of Business Administration Acknowledgement Allah is Almighty to mock internship report of my port of study of BBA Program. The accomplishment and completion of this report would not have been viable without the contribution of some people who took the time and effort to guide me in my report work. I deeply appreciate and value their suggestions and recommendations through the entire course of my report work. I would like to extend my heartiest thanks and my sincerest gratitude to all those who directly/ indirectly contribute to the compilation of report. I am especially grateful to my teacher, my internship supervisor. I could not prepare my Internship Report without her proper guidance and inspiration. Last but not least, I would like to give my thanks to all the members of EXIM Bank Ltd. , Panthapath Branch because working with them was such a wonderful experience in my life that I will never forget. TABLE OF CONTENTS Particular Page No |Executive Summary |VIII | | | | |CHAPTER-1 Introduction |1 | |1. 1 |Origin of the Report: |2 | |1. 2 |Objective of the Report: |2 | |1. |General objective of the Report: |2 | |1. 4 |Specific objective of the Report: |3 | |1. 5 |Scope of the Report: |3 | |1. 6 |Limitations of the Report: |4 | |1. 7 |Methodology of the Study: |4 | |1. |Sources of Information: |5 | | | | | |CHAPTER-2 Economic Conditions In Bangladesh |6 | | | | |CHAPTER- 3 Industry Analysis | | | | |CHAPTER-4 Company Analysis |12 | |4. 1 |Historical Background Of The Exim Bank |13 | |4. 2 |Vision |13 | |4. 3 |Mission |13 | |4. 4 |Objective |14 | |4. |Strategy |15 | | | | | |CHAPTER-5 The General Banking Division |16 | | | | |CHAPTER-6 Loans And Advances Department |24 | | | |25 | | | |29 | | | | | |CHAPTER-7 Foreign Exchange Department |39 | | | | |CHAPTER-8 Competitive position of Export Import Bank of Bangladesh limited with Premier Bank limited |45 | | | | |CHAPTER-9 SWOT Financial Analysis |51 | | Swot Analysis | | |Ratio Analysis | | |CHAPTER-10 Recommendation Conclusion |70 | |10. 1 |Findings |71 | |10. 2 |Recommendation |72 | |10. 3 |Conclusion |73 | | | | | Appendix |74 | |Bibliography |78 | Executive Summary Bank is a service oriented business organization. The prime goal of this organization is earning profit as another business organization. Customer service is core product of the bank. According to Bank Company Act 1991 clause 5(3) Banker means that person or institute of accepting for the purpose of lending or investment of Deposit of money from public, repayable on demand. To know your customer is the main slogan in new modern Banking System providing customer services. EXIM Bank Limited has earned a good reputation around Bangladesh. Despite competition among banks operating in Bangladesh both local and international, EXIM Bank has made remarkable progress, practically in every sphere of its activities. Export Import Bank of Bangladesh Limited is a third generation private commercial bank in the country with commendable operating performance. This study is mainly based on performance evaluation of EXIM Bank Ltd. Special focus on foreign exchange division. In order to make foreign the report more meaningful and presentable, use both the primary and secondary sources of collection information. EXIM Bank Ltd. as already established a favorable reputation in the banking industry of the country. At is one of the leading private sector commercial banks in Bangladesh. The bank has already shown a tremendous growth in the profits and deposits sectors. To get competitive advantage and to deliver quality service management can establish training institute and credit car should be introduced. The over all performance of the bank is very good according to its competitive position. Within a near future EXIM bank will be a market leader among the banks. 1. Introduction: 1. 1 Origin of the Report: In today’s world only academic education does make a student perfect to become competitive with the corporate Global business world. By doing an internship program, a student can get the opportunity to learn facing about real business world. Internship is highly needed to gain idea knowledge and experience. I am a BBA graduate from Private University in Bangladesh. It has designed its curriculum of the BBA Program such a way that the international standard graduates will be produced. After completing my 139 Credit hours I Need to go for further professional experience through Internship program in a Business organization EXIM Bank Ltd. is a place where I have learned the business dealings. This organization has created a positive image to the customer’s mind by providing better service specifically I am telling about the Panthapath Branch. This branch has introduced an exclusive modern banking system that has got high market sharing and rating in the prominent business banking avenue in Panthapath Bank way. As an BBA Internee Office I have tried to maintain the pace with the competitive business environment on official Activities Culture Philosophy Norms Styles. It should be reflect the best at any field of my Professional life; The Vice President Manger is my overall Guide Philosopher Superior. By receiving his all sorts of cordial support I have been availed the opportunity to work with this branch for three months from 10th January 2010 to 9th March 2010. I acquired idea about real business and corporate world. 1. 2 Objective of the Report: Prime objects to a large-scale study on Banking System. 1. 3 General objective of the Report: The report specification based on the overall banking performance evaluation and special focus on foreign exchange division of EXIM Bank Ltd. 1. 4 Specific objective of the Report: ? To apply theoretical knowledge in the practical field. ? To make a bridge between the theories and practical procedures of banking day-to-day operations. ? To know the different modes of scheme, in EXIM Bank. ? Trend analyses of the different scheme. ? To know the financial activity of bank. ? An overview on the major financial activity and practices of EXIM Bank ? To identify the strategies for EXIM Bank Limited, implementing in constant prosperity of the company ? Analyzing the performance trends of EXIM Bank. To give some idea about its management and organization structure ? To present and overview of EXIM Bank Ltd. ? Compare the different mode of scheme of Exim Bank with other similar bank. 1. 5 Scope of the Report: First the report presents about the current economic condition of Bangladesh and the present condition of the banking sector of our country and next it gives some ideas about EXIM Bank Ltd. Then it analyzes the performance of the bank based on financial analysis and SWOT analysis. After that, it emphasizes or foreign exchange division. By reading this report one can easily have some ideas about the performance and foreign exchange division of EXIM Bank Ltd. 1. 6 Limitations of the Report: Although there were sincere co-operation from employees of EX1M Bank Limited, Panthapath Branch, they could not manage enough time to provide the necessary information for the completion of the report. During the preparation of the report the following problems occurred that may be termed as the limitation or shortcomings of the study. Some of the limitations faced in preparing this report are: ? Confidentiality the Bank’s policy restricts disclosing some data ? Data about the performance of the bank of the year 2008 have not yet been disclosed by the bank. ? The study of such a short course of time is not free from limitation. ? The data relevant for the analysis report writing sometimes could not be collected due to excessive year-ending workload at the branch. It is too much difficult to comment and suggest based on only the annual report and information collected from written documents. ? As some assumptions were made with the help of limited information, there may be some personal mistake in the report ? It was very difficult to collect the information from various incumbents for the job restriction. 1. 7 Methodology of the Study: Although there were so many limitations, it was tried to use both the primary and secondary sources of collecting information to make the report presentable with as less abstraction as possible. 1. 8 Sources of Information: Two sources (i) Primary (ii) Secondary A. Primary data: Primary data is always known as survey data. This type of data is collected from the respondent. For this personal Interview with the offices and customers have been conducted. B. Secondary Data: Data that were published before for some other reason can be collected using internal and external sources. i) Internal secondary data: To furnish the report properly some papers has been collected from the officials of EXIM Bank Ltd. Information from annual reports journals, newspapers and other published documents have been used besides other published information about the organization, depth interview of the branch manager and second branch manager have also taken. i) External Secondary data: For better interpretation some data has been collected from Bangladesh Bank. Internet Browsing is also one source of external Secondary data. 2. ECONOMIC CONDITIONS IN BANGLADESH Bangladesh has an agrarian economy with 32% of GDP coming from the Agriculture Sector. Major agricultural p roducts are rice, jute, wheat, potato, pulses, tobacco, tea and sugarcane. . The country is the largest exporter of jute and jute goods in the world. Readymade garments are among the most exportable items. Tea, frozen shrimp, fish, leather goods and handicrafts are also major exportable commodities. The country has under gone a major shift in its economic philosophy and management in recent years. At Bangladesh’s birth, the country embraced socialism as the economic ideology with a dominant role for the public sector. But, since the mid-seventies, it undertook a major restructuring towards establishing a market economy with emphasis on private sector-led economic growth. During the nineties, the country has completed a major stabilization program which has reduced inflation as well as fiscal and current account deficits and established a healthy foreign exchange reserve position with low and sustainable debt-service liabilities. With modest economic growth, the basic indicators related to health, education and poverty have all shown sustained improvement. According to a World Bank estimate, Bangladesh has the 36th largest economy in the world in terms of GNP based on the purchasing power parity method of valuation, and the 55th largest in terms of nominal GNP in U. S. Dollars. Bangladesh economy grew on an average at above 6. 0 percent in the last four years up to FY07 . According to the provisional estimates of the Bangladesh Bureau of Statistics (BBS),real GDP recorded a strong growth of 6. 5 percent in FY07,which is marginally lower than 6. 6percent recorded in FY06 . This growth was commendable as it was achieved in challenging environment marked by high and volatile oil price ,phasing out of the MFA quota, labour unrest in the garment industry and confrontational political situation of the country in the first half of FY07. With reasonable support from agriculture sector, the 6. percent real GDP growth was underpinned mainly by industry sector and services sector. The expansion was broad based, registering positive growth by all sectors and sub-sectors of the economy. Spurred by a robust 9. 5 percent growth in industry sector and 6. 7 percent growth in services sector, GDP growth during the year was also aided by 3. 2 percent growth in the agriculture sector. The domestic savings-investment gap was met with net factor income from abroad which increased by 37. 0 percent in FY07 from 4. 4 percent in FY06 reflecting higher savings growth. The domestic savings investment gap was met with net factor income from abroad which increased by 37. 0 percent in FY07. The rising trend of inflation of FY06 as measured by CPI continued in FY07 mainly due to higher prices of oil and some other imported goods in the international market, distortion in the supply side factors and demand pressure generated from excess money supply . Slower import of consumer necessities pulling their domestic prices heightened the price pressures. Annual average CPI (base FY96) inflation as of end June 2007was 7. 20 percent, compared to 7. 16 percent as of end June 2006. There was notable increase of food prices component of CPI inflation from 7. 8 percent as of end June 2006 to 8. 1 percent as of end June 2007. Maintaining a favorable investment environment and a sound macroeconomic management are important to strengthen private sector investment in the economy. In view of medium term outlook of sustainable economic growth and low inflation for world and south Asian economies and assuming continuation of prudent policies and progress in advancing structural reforms, the near and medium term economic prospects of Bangladesh appear favorable. 3. INDUSTRY ANALYSIS Bank plays an important role in this modern world. The development of industries and business sectors of a country mainly depends on good banking system. The industries and businessman are taking short and long term loan from banks. In the modern world international businesses are fully depended on banks. Without sound banking system no country can develop in international trade. Bank constitutes an important segment of the financial infrastructure of any country. The economic history of many countries reveals that economic development and growth of financial infrastructure go hand in hand. Financial system of a country is the heart of a country’s economic system as it connects suppliers of the funds and demanders of fund, which is needed to produce economic goods. It also provides a large arena of employment opportunity. As Bangladesh is containing a bank base economy, its economic development is largely depended on the development of banking sectors. Bangladesh appeared as a new nation on the world map in the year 1971. After independence financial institutions, especially banks played a vital role in re-constructing the war-torn economy of Bangladesh. Bangladesh Bank is the central bank of the country and is in charge of monetary policies of the Government and controls all commercial banks. Development and growth of our banking system may be divided into three parts. The performance of our banking system during 1972 to 1982 was commendable in respect of expending network and providing easy credit to the socially desirable sectors but equally frustrating with r egard to maintaining validity and customer services. The second phase from 1983 to 1989 was characterized by denationalization and privatization of banking system without broad-basing the prudential and information regulatory framework; however, these measures of denationalization and privatization could not bring the viability and operational efficiency of banking system. Under the above circumstances and with the recommendation of World Bank, a Financial Sector Reform Project (FSRP) was undertaken in 1989 by the government, which can be identified with third phase of the development of our banking system. The government of Bangladesh has also enacted some important acts namely financial institutions act 1993, Securities and Exchange Commission act 1993, the companies’ act 1994 and recently Bankruptcy act 1997. The present day banking structure has evolved over several decodes. The far-reaching program of economic reform is being carried out at present towards efficient utilization of scare resources and the development of private entrepreneurship. Banks are financial service firms, producing and selling professional management of the public’s fund as well as performing many other roles in the economy. Banks are those financial institutions that offer the widest rang of financial functions of any business firm in the economy. Competition is strengthened by the entry of new and innovative provides of financial services, through the development of Money market and Capital market. Money market is designed for the making of short-term loans where individuals and institutions with temporary surplus of funds meet borrowers who have temporary cash shortages. Capital market is deigned to finance long-term loans where individuals and institutions with temporary surplus of finds meet borrowers who have temporary cash shortages. Capital market is designed to finance long-term investments. Private sector commercial banks are private companies operate under the legislative framework, which covers both Company Act, and Banking Company Act, under the ongoing financial liberalization, EXIM Bank emerges as a new Bank in private sector to operate at the Banking arena of Bangladesh It is committed to provide high quality financial services/ products to contribute to the growth of GDP of the country through stimulating trade and commerce, accelerating the pace of industrialization, boosting up export, creating employment opportunity for the educated youth , poverty alleviation, raising standard of living of limited income group and overall sustainable socio-economic development of the country. 4. COMPANY ANALYSIS 4. 1 HISTORICAL BACKGROUND OF THE EXIM BANK EXIM Bank- Export Import Bank of Bangladesh Ltd. was named at first as BEXIM Bank BEXIM stands for Bengal Export Import of Bangladesh. This new commercial Bank was opened in August 03, 1999 with some new innovative visions i n customer services. The Bank received the certificate of incorporate no. C-37864 (2164)/99 under the commencement of the business on the same day by the section 150(2) under companies Act. A part from the head office in Dilkusha C/A, it stared its first local branch in Motijheel C/A simultaneously in order to provide all kinds of Banking support to the clients. On December 02, 1999 the second branches both in Dhaka City and other cities. Now it has twenty-five branches in the country. 4. 2 VISION The gist of EXIM bank vision is ‘Together Towards Tomorrow’. Export Import Bank of Bangladesh Limbed believes in togetherness with its customers, in its march or the road to growth and progress with services. To achieve the desired goal, there will be pursuit of excellence at all stages with a climate of continuous improvement, because, in EXIM Bank, they believe, the line of excellence is never ending. Bank’s strategic plans and networking will strengthen its competitive edge over others in rapidly changing competitive environments. Their personalized qualities services to the customers with the trend of constant improvement will be cornerstone achieve their operational success. 4. 3 MISSION The bank has checked out the following corporate objectives in order to ensure smooth achievement of its goals- ? To be the most caring and customer friendly and service oriented bank. ? To create a technology base most efficient banking environment for its customers ? To ensure ethics and transparency in ail levels To ensure sustainable growth and establish full value of the honorable shareholders and ? Above all, to add effective contribution to the national economy Eventually the bank also emphasize on: ? Provide high quality financial services in export and import trade ? Providing efficient customer service ? Maintaining corporate and business ethics ? Being trusted repository of customers’ money and their financial adviser ? Making its products superior and rewarding to the customers ? Display team spirit and professionalism ? Sound Capital Base ? Enhancement of shareholders wealth ? Fulfilling its social commitments by expanding its charitable and humanitarian activities 4. Objective Bangladesh is now integral part of global market. As such there is an urgent requirement for Bangladesh to place the traditional banking pretties in harness with the global trades of a free market economy by following international banking customs, practices and standards. Today clients of a bank in Bangladesh are exposed as well as international markets. They have to stay update with their practice and standards to meet the demands of achieving harmony in the high standards of a free economy. EXIM Bank fully appreciates the importance and implication of the rapidly emerging competition in the banking and finance sector of Bangladesh. It intends financing its customer suited to his or her place in the market. In this regards EXIM Bank emphasizes in its employment the software aspects of human resource capability. It also emphasizes competence among its banking professional to cater to vary customer requirements to the modern time. The objectives of EXIM BANK is not only to earn profit but also to keep the social commitment and to ensure its co-operation to the person of alt level, to the businessman, industrialist specially who are engaged in establishing large-scale industry by consortium and the agro-based export oriented medium and small scale industries by self inspiration. EXIM BANK is always ready to maintain highest quality of services by upgrading banking technology prudence in management and by applying high standard of business ethic through its established commitment and heritage. EXIM BANK is committed to ensure its contribution to national economy by increasing its profitability through professional and disciplined growth strategy for its customer and by creating corporate culture in international banking area. 4. 5 Strategy In order to reach the goal it is important to build strategy and follow the policies. If it can select the appropriate strategy and choose the right policy, it will be very easy to touch its desired position. The distinguishing attribute of policy is to set the over all boundaries for activities. According to this system when the bank was started it has to decide what kind of business it is going to be in. The Bank also has to decide on its growth and communicate through am system of major objective of the business is to reach the goal, to reach the desired position from the current status. There might be a number of ways to reach there and its has to be decided which path would be easier to reach the objective. So the authority has no decided which path they select to proceed. The following figure can be explained clearly. Slogan of the EXIM Bank: â€Å"Local Bank Global Network† The world EXIM implies the meaning of its operation. Through it is a new type of Bank in Bangladesh; it is familiar with so many countries in the world such as Export Import Bank of the United States, Export Import Bank of Japan. Despite it is a local Bank, It has spread of its operation in the whole world through foreign Banking. To achieve the desired goal, it has intention to pursuit f excellence at stages with a climate of continuous improvement. Because it believes, the line of excellence is never ending. It also believes that its strategic plans and business networking will strength its competitive edge over in rapidly changing competitive environment. It motto I to provide quality service to the customers all over the world so, the slogan of the Bank â€Å"Local Bank Global Network† is completely adjustable with its operation. THE GENERAL BANKING DIVISION Internship has provided the opportunity to coordinate the theoretical knowledge that one has gathered in MBA Class with the practical field. Although three months is not a very long period to learn the whole thing that usually occurs in an organization. The supervisor divided this report into three parts. 1) The general banking department 2) The Investment department 3) The foreign Exchange department. Learning experience from General Banking Division: The main business of this Division is dealing with Deposit. There are two types of Deposit in this Branch and General Banking division as the following section: 1. Deposit section 2. Account Section 3. Remittance section 4. Clearing section 5. Customer Service section 6. Cash section and 7. Information Technology section Task I Handled in this Division is 1. Opening Accounts 2. Opening Monthly saving scheme, 3. Modaraba Term Deposit Account Current 4. Deposit foreign current Deposit Account 5. Modarada short notice Deposit (STD). 6. Fixed Deposit, Steady Money. 7. Demand Draft (D. D) 8. Telegraphic Transfer (T. T) 9. Payment Order (P/O) 10. Travelers Check (T. C) 1. Issuing Check. Pay Order (PO): Pay order is one kind of unconditional promissory note or instrument that is issued by the Bank to the customer. The difference between check and pay order is the mode of encasement. Demand Draft: Demand Drafts are made for the transfer of money from one place to another in the form of chequ es through a particular Bank, which can be ensued right way. The Bank issues DD for their outer district branches. Telegraph/ Telephone Transfer: When a certain amount of money is asked by the client to transfer from one branch to another than it is called telegraph/ telephone transfer. For TT, there is a particular from. When the form is filled up properly and deposits the amount by the applicant, the authorized officer issued a cost memo to the application for their confirmation. lssuing cheques Books: Checkbook issue is a very sensitive because most of the fraud occurs through this checkbook. Customer requiring check books to fill out requisition ship. For saving accounts 10 pages check book issued and CD/SOD/ CC accounts issued 25 and 50 pages checkbook. Cash Section: In clearing section the work is to clear the cheques, DD’s and PO’s through Bangladesh Bank that are submitted for cash collection. Everyday morning House another in the evening called return house. In the hose all the Banks representative sit together and exchanges their money receive instrument of their particular bank to clear the paper and transfer to money the paper partlcular accounts. Type of Clearing: There is two type of clearing 1) In-Ward 2) Out –Ward In- ward: Those Cheques or instrument of EXIM, which are submitted to other banks for collections are called In – Ward Clearing. Out- Ward: The cheques of other banks that are submitted to the EXIM for collections are called out-ward Clearing. Cash Section: Cash is the main element of all financial activities. The cash section of any branch plays very significant role. It’s very sensitive place of the branch, because it deals with most liquid assets. The EXIM Bank Mirpur Branch has an equipped cash section. This section receives cash from depositors/Client and pays cash against cheques draft, payment order and pay to slip over the counter This section deals with all type as of negotiable instruments and in includes volt. Used as the store of cash instrument, the main functions of the sections are cash receipt and cash disbursement. Accounts Opening Section: This section deals with opening of different types of accounts. It is also deals with issuing of books and different deposit boos to the different accounts opener. A customer can open different types of accounts through this department such as: l. Current Account 2. Saving Account 3. Fixed deposit account (FDR) 4. Short term Deposit (STD) 5. Monthly saving Scheme (Money Grover) 6. Monthly income scheme (Steady money) 7. Smart saver Scheme 8. Multi plus saving Account 9. Super saving scheme 10. Education saving scheme EXIM Bank gives special importance various deposit schemes are: l. Monthly saving Scheme (money Grower) 2. Monthly income scheme (Steady Money) 3. Multi plus savings A/C 4 Super saving scheme 5. Double benefit Scheme 6. Smart saver Scheme 7. And Education saving Scheme Types of Accounts with Terms and Conditions Current (CD) Account: Current account is purely a demand deposit account. There is no restriction on withdrawing money from the account. It is basically justified when funds are to be collected and money is to be paid at frequent interval. Some Important Points are as follows- †¢ Minimum opening deposit of TK. 1000/- is required; †¢ There is no withdrawal limit. †¢ No interest is given upon the deposited money; †¢ Minimum Tk. 1000/= balance must always maintain all the time. Savings (SB) Account: The bank provides savings account services for the ease of its clients. It offers both personal and corporate Savings Account to its clients in every branch. Hence, there is a restriction on withdrawals in a month. Heavy withdrawals are permitted only against prior notice. Some Important Points are as follows- Minimum opening deposit of Tk. 5000/= is required; †¢ Minimum Tk. 1000/= balance must always maintain all the time; †¢ Withdrawal amount should not be more than 1/4th of the total balance at a time and limit twice in a month. †¢ If withdrawal amount exceed 1/4th of the total balance at a time no interest is given upon the deposited money for that month. †¢ The current rate on deposit amount is 6%. †¢ Closing of saving accounts will cost 300tk to a customer. Short Term Deposit (STD) Account: Normally various big companies, organizations, Government Departments keep money in STD account. Frequent withdrawal is discouraged and requires prior notice. The deposit should be kept for at least seven days to get interest. The interest offered for STD is less than that of savings deposit. Interest is calculated based on daily minimum product and paid two times in a year. Interest rate is 4. 50%. Call Deposits (Money at Call): Sometime the banker secures funds from the money markets usually from other bankers against receipt to meet his purely tepmorary shortage of funds. These debts are repayable immediately at call. When the money market is tight such derosits attract higher rate of interst and then to be treated as banker’s borrowings as call loans. Account opening: To dill with the bank individuals need to have an account first. The particulars are essential for identification of the account holders individually so that the banker can discharge his obligations to every one correctly and to the extent due. Documents required for opening account ? Individual / Joint Account: 1. Introduction of the account. 2. Two photographs of the signatories duly attested by the introducer. 3. Identity (copy of passport). 4. Joint Declaration Form (For joint a/c only). 5. Employee’s Certificate (in case of service holder). ? Partnership account: 1. Introduction of the account. 2. Two photographs of the signatories duly attested by the introducer. 3. Partnership letter duly signed by all partners (Sign should be similar as stated in Partnership Deed). 4. Partnership Deed duly certified by Notary public. 5. Registration (If any). 6. Updated Trade license. ? Proprietorship account: 1. Introduction of the account. 2. Two photographs of the signatories duly attested by the introducer. 3. Valid copy of Trade License. 4. Rubber stamp. 5. TIN number certificate. 6. Identity (Copy of passport). 7. Permission letter from DC/ Magistrate (in case of newspaper) 8. ? Limited company: 1. Introduction of the account. 2. Two photographs of the signatories duly attested by the Introducer. 3. Valid copy of Trade License. 4. Board resolution of opening A/C duly certified by the Chairman/Managing Director. 5. Certificate of Incorporation. 6. Certificate of Commencement (In case of Public limited company). 7. Certified (joint stock) true copy of the Memorandum and Article of Association of the Company duly attested by Chairman or Managing Director. 8. List of directors along with designation specimen signature. 9. Latest certified copy of Form – xii (to be certified by register of joint stock companies) (In case of Directorship change). 10. Rubber Stamp (Seal with designation of each person) 11. Certificate of registration (In case of Insurance Company – Obtained from department of Insurance from the Peoples Republic of BD). ? Club / societies account: 1. Introduction of the account. 2. Two photographs of the Signatories duly attested by the introducer. 3. Board Resolution for Opening A/C duly certified by President/ Secretary. 4. List of Existing Managing Committee. 5. Registration (if any). 6. Rubber Stamp. 7. Permission letter from Bureau of N. G. O. (In case of N. G. O. A/C). Savings Scheme; †¢ Monthly Income Scheme †¢ Multiplus Savings †¢ Smart saver †¢ Super Saving Scheme †¢ Monthly Savings Scheme (Money Grower) †¢ Hajj Scheme Finance/Loans: †¢ Corporate Finance †¢ Industrial Finance †¢ Lease Finance †¢ Hire Purchase Finance †¢ Commercial Loans †¢ Project Finance †¢ Syndicate Loans †¢ Retail Loans †¢ Mortgage Loans †¢ Loan against Share and Securities †¢ Account Opening Procedures: Step 1 | | | |The account should be properly introduced by Any one of the following: | | |An existing Current Account holder of the Bank. | | |Officials of the Bank not below the rank of an Assista nt officer. | | |A respectable person of the locality well known to the Manager/Sub-Manager of the Branch concerned. | |Step 2 | | | |Receiving filled up application in bank’s prescribed form mentioning what type of account is desired to be | | |opened. |Step 3 | | | |The form is filled up by the applicant himself / herself | | |Two copies of passport size photographs from individual are taken, in case of firms photographs of all | | |partners are taken | | |Applicants must submit required documents | | |Application must sign specimen signature sheet and give mandate | | |Introducer’s signature and accounts number – verified by legal officer | |Step 4 | | | |Authorized Officer accepts the application | |Step 5 | | | |Minimum balance is deposited – only cash is accepted | |Step 6 | | | |Account is opened and a Cheque book and pay-in-slip book is given | Account Sections: Daily function: The routine daily tasks of the accounts department are as follow s: 1. Recording the daily transactions in the cash book 2. Recording the daily transactions in general and subsidiary ledgers 3. Preparing the daily position of the branch comprising of deposit and cash 4. Preparing the daily statement of affairs showing all the assists and liability of the branch as per ledger and subsidiary leader separately. 5. Making payment of all expenses of the Branch 6. Recording inters branch fund transfer and providing accounting treatment in this regard. 7. Checking whether all the vouchers are correctly passed to ensure the Conformity with the Activity Report; if otherwise making it correct by calling the respective official to rectify the voucher. 8. Recording of the vouchers in the Voucher Register 9. Packing of the correct vouchers according to the debit voucher and the credit voucher. Periodical Tasks: The routine periodical tasks performed by the department are as follows. 1. Preparing the monthly salary statements for the employees 2. Publishing the basic data of the branch 3. Preparing the weekly position for the branch this is sent to the Head Office to maintain Cast Reserve requirement 4. Preparing the monthly position for the branch, this is sent to the Head office to maintain statuary liquidity requirement. 5. Preparing the weekly position for the branch comprising of the break up of sector wise deposit, credit etc. 6. Preparing the weekly position for the branch comprising of the denomination wise statement of cash in tills. 7. Preparing the budget for the branch by fixing the target regarding profit and deposit so as to take necessary steps to general and mobilize deposit 8. Preparing an Extract’ which is a summary of all the transactions of the Head Office account with the branch to reconcile all the transaction held among the accounts of all the branches. General Account: General account is important one, which has to be maintained by each branch. Indeed general account is are record of Oregonian and responding transactions among inter- branches of the same bank. All types of assets and liabilities of one branch with another one are settled through this account. Branch can know how much the bank is liable with Head Office. The debit and credit balance shows assets and liabilities of the respective branch. Statement or Affairs: Accounts section prepares the statement of affairs for finding the profit/ loss as well as amount of assets and liabilities of concerned branch per day Theoretically, it is called financial statement and has tow parts: 1. Income and Expenditure Account 2. Statement of Assets and Liabilities Amortization and Depreciation: Amortization is the allocation of the cost of an intangible asset to expense for example, prepaid expenditure, prepaid insurance and good will etc Amortization schedule is determined by the decision of management. Establishment: This section deals with employee’s salary, much type of internal expenses such as purchase of pen, paper equipment, machinery and payment of labor Cost and employee conveyance. In cause of leave of absence employee collects prescribed from this section. LOANS AND ADVANCES DEPARTMENT Introduction: Banking is essentially a business dealing organization with money and credit like all other business activates. Banks are profit-oriented organization. A bank invites its find many ways to earn more and more profit and most of its income is derived from loans and advances. Bank makes loans and advances to traders, Businesspersons, industrialists and many other persons against security of some cautions policy and sound lending principle in the matter of lending. EXIM Bank is a lending bank in loans and advances and it grant loans in various sectors especially in industry, trade and commerce. Types of loans and advances: There may be different types of loans and advance given from the commercial banks such as EXIM Bank Ltd. Of our country. Loans and advances may be in the following types: 1. Cash credit 2. Overdraft 3. House Building loan (General and Staff) 4. Transportation (Car) loan (only for senior staff) 5. Consumer credit Scheme 6. Loan against Imported Merchandise (LIM) 7. Loan Bills purchases Documentary (LBPD) 8. Loan against Other Securities (LAOS) 9. Term Loan Brief Idea about the different types of loans and advance: Cash Credit (CC): Cash credit is an arrangement by which the customer is allowed to borrow May up to a creation limit. This permanent arrangement and the customers need not to draw the sanctioned amount of money at a time. The borrower can draw the money when required. The borrower can put back any surplus, amount, which he/she may he affect frequently. Intersect is charged only to the amount with drawn and not he whore amount sanctioned cash credit arrangement is usually divide into two ways such as: 1. Cash credit pledge 2. Cash credit hypothecation Cash Credit Pledge: In case of cash credit pledge possession of the goods dealings to bank and ownership of the of the goods belongs to borrower and bank the possessions of the goods as primary security. The goods storied in go down under lock and key by direct supervision of the bank. If the borrower wants to sell any potion of the pledged goods he/she permission of bank with returning the value of the loan amount. It is therefore regarded as the most secured type of advance. Cash Credit hypothecation: In case of cash Credit hypothecation possession of the goods not transferred to the bank and therefore such and advance is no better than a clean loan, such an advance can thus only be granted to a person in whose integrity the barked has full confidence cash credit in the form of Hypothecation is normally accompanied with mortgagee of immovable properties. The pray/ borrower possesses the lock and key of the down. The Formalities of opening cash Credit: There intending cash credit holder should submit the following documents and being fill up properly: 1. Stock repot, rend receipt 2. Trade license 3. Up to date income tax clearings certificate 4. Charge documents 5. Letter of Continuity 6. Letter of arrangement 7. DP (Demand Promissory) note 8. Letter of guarantee 9. Letter lien 10. Limit sanction advice 11. Non-Encumbrance Certificate Observing the documents the bank authority prepares a cc proposal from that contains the following information: 1. Nature of business 2. Banking with EXIM 3. Transition with CD account by the client 4. Allied deposit with SB/STD account. 5. Number of adjustment (s) how many times the CC holder made his/her Account nil that means debit balance equal to credit balance. 6. Recycling it is ration of total credit summation to the limit. If the ratio is Higher it is better from banker’s points of view. 7. Turn over in the account 8. By the encasement authority the bank holds the power to encase the FDR the encasement authority at any time in case borrower’s failure to repay the loan amount with interest in due time. Based in the above-mentioned information the dealing officer of the loans and advances department prepares recommendation about the prospect of granting the CC loan to the client. Overdraft: Overdraft is an arrangement between the banker and the customer by which the letter is allowed to withdraw over his/her credit balance in the current account up to an agreed limit. The borrower is permitted for draw and repays any number of times, provided he total amount overdrawn dose not exceeds the agreed limit. Here the interest is charged only for the amount withdrawn over the limit. Not for the whole amount. Overdraft is divided into tow categories:  ¦ Secured overdraft (SOD)  ¦ Temporary overdraft (TOD) Secured overdraft: It is allowed against the full security (i. e. FDR, ICB unit Certificates). Temporary Overdraft: It is allowed to the customer for a very short period of time. But EXIM bank deals only secured overdraft. Car Loans: This is a special type of loan, which is only provided for the staff of EXIM Bank. Usually AVP and above level officers get this kind facility. This loan is reimbursed on instrument basis and repayable after each month. House Building loan (General and Staff): General house building loan is providing into two sectors:  ¦ Generally  ¦ Staff Naturally house building loan is paid for the construction of commercial building, and owners etc, procedures for sanctioning house- building loan as follows:-  ¦ Application for sectioning loan  ¦ Application properly filled up for credit facilities supplied by the bank.  ¦ Personal net worth statement each director  ¦ Enquiry form Required papers for sanctioning HB loan:  ¦ Copy of general power of attorney  ¦ Copy of material certificate Copy of engineer’s estimate  ¦ Copy of projected cash flow Loan (General): In case of loan the banks sanction some of money for a certain period of time. The enter amount is one time disbursement and paid in cash or credit loan A/C. The interest is charged on full sanc tioned amount @16%. The bank generally sanctions loan to establish industry. These types of loan are granted for capital expenditure such as purchase of land, constriction of factory building, purchase of new machinery and modernization of plant. The borrower cannot withdraw this type of loan once repaid in full or in part again. Formalities for extending project loan: Loan application form: After receiving the loan application from the borrower the branch scrutinizes the application whether it is viable or not. Loan application from contains the following particulars amongst other detail below:  ¦ Particular description of the Project.  ¦ Nature of the Project  ¦ Detail information about the borrower  ¦ Statements of assets and liabilities of the borrower with declaration  ¦ Detail information about proposed products, machinates and manpower etc  ¦ Project cost and source of fund.  ¦ Market for the proposed project. Feasibility report: This report is provided by the borrower, which includes the following aspects of the project:  ¦ Marketing aspect  ¦ Technical aspect financial aspect  ¦ Managing aspect  ¦ Socio-economic aspect 1) Classification Procedure 1. Categories of Loans- At first all loans and advances will be grouped into four categories for the purpose of classification, such as- (a) Continuous Loans (b) Demand Loans (c) Fixed Term Loans and (d) Short Term and Agriculture Micro Credit. (a) Continuous Loans : The loan A/C in which transaction may be made within a certain limit and have an expiry date for full adjustment will be treated as continuous loan. Exp CC, OD etc. (b) Demand Loans: The loan that becomes repayable by the party on demand by his bank will be treated as demand loans. If any contingent or any other liabilities are turned into forced loan will also be treated as demand loan. Exp. LIM, PAD, FBP, IBP etc. (c) Fixed Term Loans: The loan which is repayable with in the specific time period under a pacific repayment schedule will be treated as Fixed Term Loans. d) Short Term Agriculture Micro Credit: Short Term Agricultural Credit will be as per list issued by Agricultural Credit and Specialized Programmers Departm ent (ACSPD) of Bangladesh Bank under the Agricultural Credit Programmed. Credit in the Agricultural sector repayable within 1(one) year will also be included herein. Short Term Micro Credit includes any micro credit not exceeding TK. 25,000. 00 and repayable within 12 months. 2) Basis for Loan Classification: (A) Objective Criteria (1) Past due/ over due: In this point we saw four factors those are; a) Any continuous loan if not repaid / renewed within the fixed expiry date for repayment be treated as past due/ overdue from the following day of the expiry date. ny demands loan if not repaid/ rescheduled within the fixed expiry date will be treated as past due/ overdue from the following day of the expiry date. b) In case any installment of a fixed term loan (repayable within fives) is not repaid within the fixed expiry date, the amount of unpaid installment will be treated as past due/ overdue (defaulted instilment) from the following day of the expiry date of the particular install ment. c) Incase of any installment or part installment of a Fixed Term Loan (repayable over five years) is not repaid within the fixed expiry date, the amount of unpaid installment will be treated as past due/ overdue after 6(six) months of the expiry date of that particular installment. ) The Short Term Agriculture Micro Credit if not repaid within the fixed expiry date for repayment will be considered as past due/ over due (defaulted instilment) after 6(six) month of the expiry date. (B) Qualitative Judgment; If any uncertainty or doubt arises in respect of recovery of any continuous, Demand or Term Loans the same will have to be classified as Sub- Standard or Doubtful or Bad/ Loss. Considering the merit of the A/C on the basis of qualitative judgment be it classified or not on the basis of objective criteria. The Bank will classify on the basis of qualitative judgment and can be- classify loans if qualitative improvement does occur. But if a loan classified by Bangladesh Bank inspection Team, the same can be de- classified with the approval of the Board of Directors of the Banks. CIB Report: Before making credit report to the head office the lending branch takes the credit information to the borrower from the CIB (credit Information Bureau) of Bangladesh Bank and other financial institutions. For obtaining this report the branch sends Inquiry form’ to CIB duly filled in particulars of the borrower. The report id divided into 5 segments. Project appraisal: It is the reinvestment analysis done by Banker before a project is approved. Project appraisal in the Banking sector is needed for following reasons:  ¦To ensue repayment of the Bank finance To achieve the organizational goals  ¦To establish industrialists in a country. The main tasks of the project appraisal is to justify the soundness of an investment by the Banker by means of a capital and systematic of the different elements of the Project For th is purpose Banks use two types of analysis:  ¦Lending Risk Analysis (LRA)  ¦Spread Sheet Analysis (SSA) Lending risk analysis: Lending risk analysis is modern methodologies, which describes how to access the risks that are inherent any credit extension and how to access the likelihood that the customer will repay a loan. The LRA form contains 16 pages to analysis different categories of Risks. The Financial Sector Reform project introduces the lending Risk analysis format in 1993. LRA is a standardize format for analyzing the credit worthiness of a borrower and the likelihood that the borrow will repay. Bangladesh bank issued a letter number BCD (p) 611/13/290 dated 17-07-1994, which now makes it mandatory for the commercial Banks to implement the LRA approach to credit analysis prior to extending credit facilities to a Borrower. The modern concept of lending is purpose and production oriented and not security oriented. The emphasis should be given not any security rather on he likelihood of repayment, the credit worthiness of the customer soundness and viability of the business etc. Lending Principles The Principle of lending is a collection of certain accepted time tested standards, which ensure the proper use of Investment fund in a profitable way and its timely recovery. Different authors describe different principles for sound lending. 1. Safety 2. Security 3. Liquidity 4. Adequate yield 5. Diversity Process of Investment |Heads |Characteristics | |Application |Applicant applies for the Investment in the prescribed form of the bank describing the types | | |and purpose of Investment. |Sanction |Collecting credit information about the applicant to determine the credit worthiness of the | | |borrower. Sources of information | | |Personal Investigation, Confidential Report from other bank, Head Office/Branch/Chamber of | | |Commerce. | | |CIB (Central Information Bureau) report from Central Bank. | | |Evaluation of compliance with its lending policy. | | |Evaluating the proposed security. | | |LRA is must for the Investment exceeding one crore – as ordered by Bangladesh Bank. | |If everything is in accordance the Investment is sanctioned | |Documentation |Then bank prepare a Investment proposal which contains terms and conditions of Investment for | | |approval of H. O. or Manager. | | |Takes the necessary papers and signatures from borrower | |Disbursement |An Investment Account is opened. Where customer | | |A/C—————————————————————————————Dr. | | |Respective Investment A/C —————————————-Cr. | FOREIGN EXCHANGE DEPARTMENT Introduction: One of the largest businesses carried out by the commercial bank is foreign trading. The trade among various countries fills for close link between the parties dealing in trade. The situation calls for expertise in the field of foreign exchange operations. The bank, which provides such operations refereed to as rending international Banking operation. Mainly trisections with overseas countries are respects of import, export and foreign remittance come under the preview of foreign exchange transaction, and international trade demands a flow of goods from seller to buyer of payment from buyer to seller. In this case the Bank plays a vital role to bridge between the buyer and seller. Foreign Exchange Mechanism in Flow Chart: Sales/Purchase contract Issues L/C Forward Forward documents Makes payment Makes payment Foreign Exchange department of EXIM Bank is department of all departments. This department handles various types of activates by three separate sections: 1. Import Section 2. Export section 3. Foreign Remittance. Import Section: The functions are of the section is mainly to deal with various components such as  ¦ Letter of Credit (L/C)  ¦ Payment against Document (PAD)  ¦ Payment against Trust Receipt (PTR)  ¦ Loan against Imported Merchandise (LIM) Letter of Credit (L/C): Definition: A letter of credit can be defined as an arrangement where in a Bank Guarantee on behalf of these customers to make payments to the beneficiary upon presentation of documents specified in the credit. Parties involved in L/C: Opener/ Buyer/Importer: The person who opens the L/C is known as opener/ buyer/importer of the L/C. The buyer and the seller conclude a sales contract providing for payment by documentary credit. 0pening Bank: The Bank issuing the L/C in favor of exporter is known as opening Bank. The opening bank opens L/C on request of importer according to application of the importer. Advising Bank: The Bank through L/C is advised their agent (correspondent Bank) abroad. The duty of the advising Bank is to authenticate the message so that is to the seller can act on it without any fear of forgery etc. Beneficiary: Seller and exporter in whose favor the L/C are opened. The beneficiary is normally the seller of good who receive payment under documentary credit. If has compiled with terms and conditions thereof. Negotiating Bank: The Bank that is authorized to handle (purchase) the documents under the L/C in the exporting country is known as negotiating Bank. L/C will stipulate either a notified bank to negotiate (restricted L/C) or any bank can negotiate in the seller’s country (unrestricted L/C). Reimbursing Bank: The Bank that is (by the L/C issuing Bank) to effect reimbursement is known as reimbursing bank. Reimbursing Bank authorized to honor the reimbursement claims in settlement of negotiation/ accepting/ payments lodged with its by the paying/ negotiating/ accepting Bank. Confirming Bank: A Confirming Bank is one which adds the guarantee to the credit opened by another bank. Therese undertaking the responsibility of payment/ negotiating/ acceptance under the credit in addition to that of the issuing Bank. A confirming Bank normally does so it requested by the issuing Bank. Types of L/C: – Revocable/ irrevocable L/C – Confirmed/ unconfirmed L/C. – Transferable L/C – Back to back L/C – Acceptance L/C – Revolving L/C – Red clause L/C – Green close L/C The EXIM Bank basically deals with irrevocable L/c. which can not be amended or cancelled by the issuing Bank at any moment and without prior to the beneficiary. It also deals back to back L/C, which is the letter of credit, provided by the exporter to the import the raw materials from abroad in order to produce the exportable commodity for the importer. Procedures for opening L/C: Application for opening L/C: An importer who is desirous to import goods from foreign country will apply Issuing Bank for opening a L/C. The importer will provide an application mentioning the following aspects: 0 Full particulars of applications Bank account. 0 Types of business 0 Historical background 0 Amount of required L/C limit 0 Amount of L/C margin. 0 Term of payment 0 Name of imported goods 0 Repayment schedule and source of fund Document schedule and source of fund. An importer or L/C opener has to submit the following documents 0 Application from (provided by the Bank) 0 Import registration certificate 0 Pro-forma invoice 0 Four sets of IMP from 0 Insurance cover not 0 VAT registration number 0 Tex registration number 0 Letter of credit authorization form Examination for opening L/C: Application must be carefully checked by the concerned officer considering the facts mentioning below: ? The terms and conditions of L/C applications are consistent with exchange control and import trade resolution UCPDC 500. ?Illegibility of imported goods ?The L/C must be opened in favor of importer ?That is signed by the importer and agreed with the terms and conditions. Indenting registration number ?Goods are not of Israel and vassals to be used are not of Israel ? Insurance cover note with date of shipment. ?Whether RC is up to date or not ?Whether IMP form is duly filled up and singed ?The imported goods are marketable After scrutinizing all thee legal aspec ts necessary entry is given to the margin register and charge, commission and margin in realized. Transmitting the L/C: The L/C is transmitted to the advising Bank for advising the L/C to he beneficiary. L/C is generally transmitted through tested Telex of Fax. Before transmission of final examination of the L/C contents is How to cite Internshp on Performance Evaluation of Exim Bank Ltd, Essay examples

Understanding Cross

Summary The article by Fink, Neyer and KÃ ¶lling (2007) presents a comprehensive research on cross-cultural management. The paper explores the variations in culture and how the variations affect managers and employees in a managerial environment. The paper brings out the incidences of management that emerge from cross-cultural variations. The paper approaches the issue from a theoretical concept using the Parsons and Shils’ theory of action.Advertising We will write a custom essay sample on Understanding Cross-Cultural Management Interaction specifically for you for only $16.05 $11/page Learn More Three fundamental issues of cross-cultural management are explored in the article. These are cross-cultural standards of management, the impact of cross cultural attributes on personality traits, and the managerial dimensions of managing in a cross-cultural environment. The article develops a model of management that can help in enhancing management and adjusting employees and managers in a cross-cultural context of management (Fink, Neyer KÃ ¶lling, 2007). Strengths The method of research that is used in the paper is quite comprehensive in the sense that it borrows from both literature and a deeper exploration of a theoretical concept to develop a cross-cultural model of management. The qualities of the sources used in the paper are of a desirable standard. The paper makes use of other resources to build up literature, resulting in comprehensive outcomes that are founded in the cross-cultural model of management that is developed by the researchers. The paper makes use of specific and limited sources in the literature. This helps the researchers to focus on the main issue that informs the research (Krishnaswamy, Appa Mathirajan, 2006). The multilevel perspective that is taken in the article is desirable; that is, exploration of cultural dimensions of cross-cultural management, the cross-cultural standards of management and the impacts of cross-culture on personality traits of manager and employees. It helps in the development of relational concepts of cross-cultural management, thus making the deductions more comprehensive in scope. The other feature that is important in this research is the summarization of literature under each mini-research into a conceptual perspective. This implies the value and the critical contribution of literature, making the research to attain the exploratory attribute (Mitchell Jolley, 2013). Weakness The researchers did not limit the research questions, a factor that works negatively when it comes to narrowing down of the research topic. However, the research questions in the article are specific. This aided the researchers to focus on the main goals of the research. The literature is quite limited and seems insufficient when it comes to development of deductions or recommendations that are universal. The researchers ought to have expanded the research in order to broaden th e scope of the research (Mitchell Jolley, 2013). Why the article is critical to human resource managers The contemporary managerial environment has increasingly become complex due to globalization and its impact on management. Cross-cultural perspectives are, therefore, quite common in the contemporary managerial environment. The article presents a comprehensive research into the cross-cultural antecedents of management. The concept of cross-cultural management developed in the article can be aped and replicated in organizations that are going international in their operations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Human resource managers find it complex to manage organizations that draw people from diverse cultures of management. This is analyzed in the article. Reading the article can, therefore, help human resource managers to identify the aspects of variations of culture in t heir organizations and develop effective tactics of dealing with the problems of adapting and managing in culturally diverse environments (Tjosvold, 2003). References Fink, G, Neyer A., KÃ ¶lling, M. (2007). Understanding cross-cultural management interaction. International Studies of Management Organization, 36(4), 38-60. Krishnaswamy, K. N., Appa, L. S., Mathirajan, M. (2006). Management research methodology: Integration of principles, methods and techniques. New Delhi: Pearson Education. Mitchell, M. L., Jolley, J. M. (2013). Research design explained. Australia: Wadsworth Cengage Learning. Tjosvold, D. (2003). Cross-cultural management: Foundations and future. Aldershot: Ashgate. This essay on Understanding Cross-Cultural Management Interaction was written and submitted by user Ahmad Mccarty to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Killer Angels review essays

Killer Angels review essays The Killer Angels, by Michael Shaara, is a historical novel that describes the three days of fighting at Gettysburg in the summer of 1863. The book illustrates the horrors of brother fighting brother, friend fighting friend, and the brutality of this devastating war that left 50,000 Americans dead. Although the book is a work of fiction, Shaara is very accurate in his depictions and characterizations. It is the humanity and personality that he infuses into the book that makes the reader feel a personal bond with the characters. Shaara revives this legendary battle from historical obscurity and breaths new life into the characters. The reader will be unable to put the book down. Many people believe that the Civil War was not based solely on slavery but it was. Without the uprising of John Brown and the election of an abolitionist president who got less than 40% of the national vote, secession would not have occurred. Or at least it would have been seriously delayed. The Northerners truly believed that the slaves deserved to be free, and their desire to set slaves free was the cause of the Civil War. Just before the Battle of Gettysburg, Colonel Chamberlin of the 20th Maine gave a speech to a group of mutineers. He told them that the war in which they were fighting was unlike any war in history. The war in which they were fighting was not for money, property, or power. It was a war to set other men free. The South, however was against freeing the slaves. The entire Civil War, whether the people were for or against the idea of slavery, soldiers fought for their sense of freedom. Shaara takes the reader into the minds and tents of most of the key strategists at Gettysburg, the southern Pennsylvania town where the war turned and the south began its lengthy retreat. Prior to Gettysburg the South had won most major battles. At Gettysburg, however, the North gained its first major victory. From then ...

True Reasons We Love Super Bowl

True Reasons We Love Super Bowl Super Bowl is the most popular show among Americans. In a bit more than a week the whole nation will be glued to the screen to see the game. And there is a number of reasons for that! Loving NFL is a long lasting tradition, so nobody actually asks questions like Why watch Super Bowl? or Why do you like Super Bowl? or (God forbid) What is Super Bowl? However, we decided to bring these wonderful Super Bowl things together to make your week of game anticipation even more exciting. This post is also for Super Bowl haters. You still time to change your mind start loving Super Bowl (because in week its going to be too late!) Bringing Folks Together Okay, maybe there’s a fair amount of other things going on in this world that need more attention. And yes, it would be nice if we saw the same passion and fervor for civil rights and personal liberties these days. But at least this magical game, when the best of the best go head to head and the commenters are flipping out, brings people together in sports bars and living rooms across the land. Chanting, cheering, stumbling around, and pretty much going quasi-insane for a few hours. It’s good fun. And listen, Super Bowl parties run the whole gauntlet from two dudes in their boxers in their dorm room eating Cheetos from the vending machine on the first floor†¦to blockbuster block parties and after-parties that literally anger the gods. It proves that whether you want it or not football is a part of our national heritage†¦a part of the DNA, to be more precise. Special Food Chips and dips, wings and BBQ feasts, casseroles galore Super Bowl food comes in many different nuances of class and sophistication. There’s your cheap and dirty munchies finished off with piss beer and then all the more â€Å"adult† parties where they take some time to make decent grub: gourmet sandwiches, tiny sirloin burgers, high-brow quesadillas, etc. If you get invited to one of these parties start counting your blessings! The food rocks no matter what though. And, while the game’s going it doesn’t matter if it’s the most fattening food in the known galaxy. Halftime Commercials Rule Corporations pull out all the stops, it’s madness! Throughout the rest of the year most commercials are like Super Villain fingernails carving words into chalk boards. Then suddenly, this one spellbinding game comes around and almost all the commercials are either super-deep thinker-pieces, or funny as hell. According to superbowl-commercials.org (yep, there’s a website for everything), here are a couple big hits from 2014: NSA – Smile, We Know When You’re Not (youtube.com/watch?v=NcAEjvT-Ri8#t=97) A commercial like this can only happen during a Super Bowl. AXE – Make Love, Not War (youtube.com/watch?v=UIecNEIaPao) It makes sense during the Super Bowl, everything does. Oh man, then you’ve got the halftime show, which, let’s be honest, is pretty hit or miss. Some years it’s dull or you’re laughing all over the place. But some years, wow, the show knocks your socks off and typically delivers some controversy to boot! In case you’re wondering, the Billboard list of the Best Half-Time shows claims these are the top 3 so far: Prince, in 2007: â€Å"But the explosive coda was Purple Rain, which had the stadium full of testosterone-pumped football fanatics waving their arms and howling in falsetto.† U2, in 2002: This was the mega-heart-wrenching tribute to 9/11 set when the wound was still very deep and fresh for the nation. Madonna, 2012: This got some pretty mixed reviews. But that’s the beauty of it, there are winners and losers in every aspect of the game, even in terms of entertainment. Rivalries Are Fun True, it’s not so cool when these rivalries get out of hand and people riot after football games. But to be honest, sports rivalries are much safer than wars, battles, revolutions, civil upheaval, geopolitical struggles, and all the other sorts of violent ways people create to release some steam. The Super Bowl let’s people who love the game really beat up a few pillows, scream at TVs, throw controllers, pull out a little hair, tear a jersey or two, and stomp around like they’ve got the last of their savings account riding on the game. Great Success Stories We follow NFL for the whole year. We know the players and all about them what coffee they drink, how their girlfriends look like and their football career, of course. We know the strengths and weaknesses of each team. And one day here they are on the field. The struggle begins. Each move counts. Each moment can be decisive. One big winning or a big failure. Fans rage. Thats the atmosphere where the legends are born. These stories are remembered and passed from generation to generation. These stories inspire. So, each Super Bowl is legendary and cant be missed for anything on earth. And that’s why we love the Super Bowl! Are there any reasons you like Super Bowl that we didnt mention! Agree or disagree with us in the comments!

Justification of Punishment Essay Example | Topics and Well Written Essays - 2500 words

Justification of Punishment - Essay Example This research will adamantly define the facts surrounding punishment. It is already generally conceptualized that without a reliable way to punish offenders crime would escalate to uncontrollable proportions. This is just one of the reasons for the use of punishment as a penal tool and why it is utilized by the legal system. In conclusion, this research again emphasizes upon the fact that criminal actions can be controlled and minimized with the proper form of punishment. Furthermore, the conclusive evidence at the end of this research defines the fact that, as has been said, punishment is indeed crucial to law enforcement officials in gaining control over crime and maintaining a more peaceful atmosphere for the general public at large. Restorative justice is one idea of how to relate the theory of punishment to the maintenance of legal control over criminal offenders. Although restorative justice in itself has not been shown to minimize crime, it has been helpful in bringing a relative relation between the victim and the offender and what punishments are best suited to fit the criminal actions of an offender as well (Strang 2005). The main difference between this form of justice and conventional methods is the fact that there is more of a mediating process involved to solve the problems leading to crime in the communities rather than focusing solely on the state as the main victim of criminal offenders, such as the conventional method does (Goulding 2005). It has been found that the main goal of restorative justice is to correct the harm within communities that has been caused by criminal actions placed onto them by the offenders. There is still a process of punishment associated with this new area of the judicial process but it is focused on a more humane way of dealing with crime rather than corporal punishment, or other harsher sentencing, etc (Goulding 2005). However, to some in society this is a positive attribute being added to the judicial system and to others (especially law enforcement personnel) it is neglecting the proper way to control and combat crime as there are those in the judicial system that still feel severe punishments are justifiable for certain criminal actions and therefore should be continued in order to properly control crime (Goulding 2005). Nevertheless, restorative justice does have its benefits and it is effectively being used to try and determine what rehabilitative treatment methods are best for preventing offenders from repeating their criminal behavior patterns in society. Also, in regards to punishment and treatment, restorative justice has the offender become a participant in these decisions. The offender is allowed to voice what treatment and punishment that they feel would be the best solution and penalty for their criminal actions. Researchers are defining this as a positive characteristic of this form of justice because there have been hints that allowing the offender to be a part of the justice process in a more active manner can increase the statistics that they will not continue their actions in a repetitive pattern but will rather conform to societal rules depicted by the legal process (Goulding 2005).

Effects of health education intervention on patients knowledge, Essay

Effects of health education intervention on patients knowledge, attitude and health behaviour in asthma - Essay Example However, findings are unlikely to be generalizable to patients with asthma in whom a complex interplay of factors complicate management and who are therefore often excluded from or fail to attend standard research. Asthma is the most common medical chronic disease in western society. Despite advances morbidity rates are increasing. According to a study from Harty et al (2003), in 1996 a threefold increase in prevalence over a decade was demonstrated in Irish schoolchildren aged four to nineteen years of age that reflect the early childhood years when asthma tends to be more prevalent and hospital add mission rate tend to be higher. Otherwise, deaths due to asthma are uncommon and most of the deaths occurred in people over 65 years. In the 5 to 34 year age group, there was a rise in the death rate in the early to mid 1980s, peaking in 1986, and then decreasing (Glasgow et al, 2003). However, Asthma is a chronic inflammation of the bronchial tubes (airways) that causes swelling and narrowing (constriction) of the airways (Bell et al, 2000). The result is difficulty breathing. The bronchial narrowing is usually either totally or at least partially reversible with treatments. Bronchial tubes that are chronically inflamed may become overly sensitive to allergens (specific triggers) or irritants (non-specific triggers). The airways may become twitchy and remain in a state of heightened sensitivity. It is likely that there is a spectrum of bronchial hyperreactivity in all individuals. However, it is clear that asthmatic patients and allergic individuals (without apparent asthma) have a greater degree of bronchial hyper reactivity than non-asthmatic and non-allergic people. In sensitive individuals, the bronchial tubes are more likely to swell and constrict when exposed to triggers such as allergens, tobacco smoke, or exercise (Butz et al, 2006). Moreover, the frequency and severity of asthma is a serious health issue over the entire world, crossing all national, cultural, social, and economic boundaries (Johnson, 2003). Health education interventions should be a major component of treatment, as they have the ability to make significant impacts both in terms of public and practitioner policy as well as personal suffering (Cote et al, 2006). The symptomatic and lifestyle effect of asthma upon the patients can be debilitating. Accordingly, when assessing, planning and evaluating the care of the asthma patient, nurses and healthcare providers must be especially aware of the conditions, quality of life issues, and therapies associated with the disease. Further, because asthma involves significant patient self-help behaviour associated with most chronic diseases, education is vital. Accordingly, the issue of both practitioner and patient awareness is particularly significant: A health education initiative will have a positive impa ct upon these individuals. The fact that the onset of physiological responses can happen very quickly and, in severe cases, cause asphyxiation, means patient assessment should be based upon symptomatic presentation and observable behaviours. The frequency and

Strategies to Prevent Child Injuries

Strategies to Prevent Child Injuries Table of Contents CHILDHOOD INJURIES Introduction The significance of child injury Health education strategies Strategy 1: to Educate the general public regarding risks of injury and the effective methods to avoid child injuries Strategy 2: to Develop new venues for imparting child injury awareness programs in schools, communities and professionals Strengths: Weaknesses: Social change strategies Strategy 1: Legislation and enforcement Strategy 2: modification of products Strengths: Weaknesses: Strategies that reflect either the medical, behavioral and/or empowerment Approach. Strategy 1: rehabilitation and Care Strategy 2: Health Care and Health Systems Strengths: Weaknesses: Recommendations for future health promotion Conclusion References CHILDHOOD INJURIES Introduction Urgent consideration is needed to handle the issue of child injuries over the world. There have been extensive shifts in the epidemiological examples of child demise; while incredible advancement has been made in counteracting infectious illnesses, the introduction of children and teenagers to the dangers of injury seem, by all accounts, to be increasing and will keep on doing so in the near future (Hyder, 2003). The global focus of children well being interventions’ has been on decreasing mortality of kids less than 5 years to accomplish the Millennium Development Goals. This has implied that the 5-18-year age bunch, in which injuries make up an incredible weight, has received less consideration. Without a doubt over the entire age range of children, the issue of child injuries is almost always absent from talks and is generally imperceptible in policies. In the December of 2008, WHO along with the United Nations Children’s Fund, published the first of its kind World report on child injury prevention, stressing the problem internationally (Sminkey, 2008). The significance of child injury Injury is a leading cause of death and misery among children aged one, and rises to become the main cause of demise among children in the age group of 10 to 19 years. Every year, nearly 950 000 young children less than 18 years of age die as a consequence of an injury. Almost 90% of these, i.e., around 830 000 die because of accidental injuries which is about the same count that pass away from measles, whooping cough, diphtheria, tetanus and polio consolidated (Meddings, 2011). A large portion of these accidental wounds is the aftereffect of street car accidents, drowns, burns, falls and poisoning, with the most noteworthy rates happening in low-wage and middle wage nations (Lewit Baker, 1995). The significance of child injury can be concealed by an emphasis on the significant concerns for mortality of young children who are under 5 years of age, which in many countries do not add to the injury. In fact, even in areas where deaths due to injuries are known to be under reported and child survival is decided basically by perinatal reasons, lower respiratory tract infections, measles, stomach ailments and malaria, child injury has an effect on death rates of kids under 5 years and includes a large extent of children passings after the age of 5 years (Smith Pless, 1994). In nations that have gained significant progress in wiping out or decreasing child deaths from different other reasons, nonetheless, child injury obviously arises as a major issue (Johnston, 2008). For instance, in high-salaried nations, accidental injuries represent about 40% of all young deaths, despite the fact that these nations for the most part have generously lower child injury casualty rates than low- and middle income nations. Health education strategies Instruction, development of skills and behavior modification programs for children and their parents ought to be consolidated as one part of a varied child injury avoidance system, yet ought not be utilized as stand-alone measures as there is no confirmation that this sort of project decreases risk of injury in the absence of any other safety measures. Strategy 1: to Educate the general public regarding risks of injury and the effective methods to avoid child injuries Education is an establishment to help, coach and guide parents, guardians, and organizations to settle on better decisions for childrens health and security. Formal training can prepare the general population with tools to diminish injuries to children. Also, along with increasing the knowledge aptitudes, child injury training can help parents, caregivers and the public make the fundamental moves to make more secure situations at home, at play, and even while the child is out on the roads. Knowledge about child injury avoidance can serve as a premise for enhancing safety gadgets and changing approach and practices in the communities at large. Actions that can be taken for this include- Integration of child injury prevention education into various efforts for child health promotion like- infant and early childhood programs. This can also be incorporated into maternal programs. General education to the decision makers of the society like the lawmakers, administration of the school and various business leaders should be provided about the burdens child injuries can have, the need for prevention, how it can save money and what are its health benefits publically. The knowledge imparted should be put to practice by making or strengthening associations with research organizations, individuals working in injury prevention and with all those working with children and their families directly. Textbooks, periodicals and newspapers should contain information regarding the importance of prevention of child injuries. Strategy 2: to Develop new venues for imparting child injury awareness programs in schools, communities and professionals Educational material regarding Child injury prevention should occupy an important place in educational curriculum and even in the training and practice to professionals. Prevention of Injury can be coordinated into numerous courses and settings and ought not be constrained to education on health and the promotion of safety. Education pertaining to child injury can take place in parenting classes, language training classes, vocational training, etc. to achieve this certain action can be taken like- Internship opportunities for child injury prevention can be established at agencies and other organizations are various levels –local, state and national level. Training modules on how child injury programs can be implemented should be developed. This should include evaluation, communication, risks and ways to advocate them. The internet and other technology should be used to improve the access to the training for child injury prevention. Training which pertains to child injury in fields like science, engineering, transportation and architecture should be provided. All mothers who are expecting and their families should be educated and trained in child injury and emergency response in case of an injury. Strengths: Education and training are a crosscutting strategy that can impact other facets of injury prevention. It is considered to have a more formal connection, with the plan to propel change. Child injury prevention training should be integrated into more extensive educational projects, creating powerful, instructive materials, cataloging and offering what works, and paying consideration on instructive needs and services at all levels from essential instruction to expert proceeding with training. Weaknesses: Not all people can be educated at once and this will require a continuous effort. Social change strategies Unplanned and Fast urbanization keeps on creating comps, casual urban settlements and slums, which pose as high dangers of child injuries all across the world. Motorization likewise influences child injury hazard. Streets have dependably been risky spots for children, yet the development rate of traffic, and the overall change in transport frameworks to the streets, implies that the issue is progressively squeezing (Executive summary: reducing childhood pedestrian injuries, 2002). Street injuries as of now are the main reason for death in the age group of 15–19 years and the second driving reason for death among children aged 10–14 year. Injuries and deaths from street car accidents are estimated to rise drastically over the world in the advancing decades (Chalmers, 2010). Ecological change might likewise have an effect on child injury rates. Young children can be presented to injury hazards either through an increase in extreme occasions that pose dangers straightforwardly, for example, flooding or mud streams, dry spells, rise in sea level, etc. Poor kids in low- and middle wage nations, who frequently stay in over burdened casual urban settlements or underestimated country zones, are particularly defenseless against the negative impacts of procedures, for example, urbanization, mechanization and ecological change (Gracey, 2003). These major worldwide techniques may have a huge impact on child injury study and preventive action, and child injury in a quickly changing world needs to be at the heart of future general health strategy and practice. Strategy 1: Legislation and enforcement Legislation obliging the utilization of protective equipments, for example, protective helmets, child traveler restrictions, safety belts, smoke cautions, and fencing around swimming pools can prompt expanded use of such gear and in this manner decrease the danger of injuries and their seriousness (Education and legislation are key to preventing child injuries, 2009). Compulsory standards for different products and services (e.g. Play area gear, security equipment, toys, furniture and handling) additionally indicate duty to safety for children and can decrease injury (Ramagoni, Shetty Hegde, 2007). To be successful, obviously, enactment and regulations must be implemented. As a rule the level of authorization decides the viability of these prevention measures. Strategy 2: modification of products Modification of items, for example, cooking stoves, lights, play area surfaces, furniture and decorations (e.g. Bunks, stairway railings) and adjustment of item package can act as successful prevention methods by decreasing the danger of injury, diminishing access to a risk and/or by lessening the severity of injury. The count of stairs, the direction in which windows open, and how galleries are planned are extremely critical cases (Martin, 2012). Child injuries can likewise be prevented by features, for example, low level handrails on stairs (Kim, 2008). Homes are regularly outlined with the needs of grownups as opposed to children as a top priority. Strengths: Society has a great role to play in the health of an individual. Individuals can make a great change in the degree of child injuries from trying to create a safe environment for children. Weaknesses: Increase in traffic influences how individuals use the road as pedestrians. Perhaps, the most important aspect related to child injuries is deprivation. The standard of living and the way it is distributed plays a vital role in peoples health. Strategies that reflect either the medical, behavioral and/or empowerment Approach. Safety of children as a general health concern has picked up momentum and a solid research establishment over the past decade (Child safety programs, 1982)s. To attain big gains up in the safety of children, prevention of child injuries information and practice should now be incorporated into standard child and juvenile health activities. From the health perspective of a child, this integration is vital, given the weight of child injuries. Such reconciliation is expected to overcome hindrances to kid damage aversion from the safety perspectives of children. Injury prevention must be incorporated in child wellbeing examination motivation and as a component of kid and juvenile health advancement and practice. A few steps may be taken to start this reconciliation. Strategy 1: rehabilitation and Care Improvement should me made in the quality and access of first aid and vital trauma care. Rehabilitation of the injured child is an important step to reduce the severity of injuries and their aftereffects. This will help to reduce the severity and frequency of disability related to injury and will improve outcomes for children with disability. Strategy 2: Health Care and Health Systems Medical services providers treat injuries, however, they are likewise accomplices in counteractive action through social insurance systems. While reacting to and treating injury, health care providers are basic for precisely reporting external reasons for wounds and injuries. Past the clinical setting, human health suppliers are sound promoters for child health and can encourage change in groups and families (Keyes, 1999). Strengths: Health care providers can educate and promote the prevention of child injuries, both at an individual level and at community level. Weaknesses: There are people living in the under-privileged sector who cannot reach out for the health service providers. The rate of child injuries in the poor socio economic class ig comparatively higher than the urban sector. Recommendations for future health promotion Both nonfatal and fatal injuries of children are expensive from numerous points of view. Notwithstanding the significant burden of death and handicap, injuries to children can likewise bring about generous financial expenses, including medical care facilities to the injured child and lost profitability for his or her guardians. The vision ought to be to anticipate injuries to children where they live, work, learn, play, and go by setting a national vital heading for moving from attention to the activity. This could be possible by illuminating activities cutting over all manifestations of youngster inadvertent damage and can be utilized to outline more particular activities by harm sort. this can be achieved by- Creating awareness about the degree, risks and effects of injuries in children as compared to other health issues. Drawing attention towards the ways of prevention of child injuries. Recommendations can be provided to increase the efforts for prevention of child injuries by improving data, research, education, communication and training. A plan of action should be outlined for organizing and then implementing child injury preventive actions. Conclusion Children have the privilege of health, a protected environment and protection from damage (Childrens Health And Health Care, 2007). Nations are obliged to take administrative, authoritative, social and instructive measures to guarantee the maximum extent of safety and development of the child. This commitment incorporates shielding children from injury. Unless the multi-sectoral activities depicted above are spread and executed in an auspicious way around the world, the weight of injury on childrens health and survival will rise and a percentage of the interest won through kid survival activities will be dissolved as children lose their lives and health to injury later in youth (Miller, Romano Spicer, 2000). The hindrances that at present thwart advances in prevention of child injury can be somewhat overcome by coordinating child injuries in the teenage and adult health motivation, both in arrangement and practically speaking (Alonge Hyder, 2013). On the other hand, advancement in child health will be constrained if child injuries-are not tended to methodically. References Alonge, O., Hyder, A. (2013). Reducing the global burden of childhood unintentional injuries. Archives Of Disease In Childhood, 99(1), 62-69. Chalmers, E. (2010). Review of child road injury prevention initiatives. Injury Prevention, 16(Supplement 1), A8-A9 Child safety programs. (1982). Journal Of Safety Research, 13(4), 177. Childrens Health And Health Care. (2007). Health Affairs, 26(2), 314-314. Education and legislation are key to preventing child injuries. (2009). Bulletin Of The World Health Organization, 87(5), 334-335. Executive summary: reducing childhood pedestrian injuries. (2002). Injury Prevention, 8(90001), 3i-8. Gracey, M. (2003). Child Health Implications of Worldwide Urbanization. Reviews On Environmental Health, 18(1). Hyder, A. (2003). Childhood injuries. Injury Prevention, 9(4), 292-292. Johnston, B. (2008). Child injury in the spotlight. Injury Prevention, 14(6), 345-345. Keyes, C. (1999). Communication and coordination of care among providers. International Journal For Quality In Health Care, 11(2), 169-170. Kim, K. (2008). Child Injury Prevention: Home Injuries and Bicycle Injuries. Journal Of The Korean Medical Association, 51(3), 230. Lewit, E., Baker, L. (1995). Unintentional Injuries. The Future Of Children, 5(1), 214. Martin, R. (2012). Product safetyso who is responsible?. Injury Prevention, 18(Supplement 1), A126-A126. Meddings, D. (2011). Child injury prevention and child survival. Injury Prevention, 17(3), 145-146. Miller, T., Romano, E., Spicer, R. (2000). The Cost of Childhood Unintentional Injuries and the Value of Prevention. The Future Of Children, 10(1), 137. Ramagoni, N., Shetty, Y., Hegde, A. (2007). Do Our Children Play Safe?. Journal Of Clinical Pediatric Dentistry, 31(3), 160-163. Sminkey, L. (2008). World report on child injury prevention. Injury Prevention, 14(1), 69-69. Smith, R., Pless, I. (1994). Preventing injuries in childhood. BMJ, 308(6940), 1312-13.