Sunday, August 18, 2019
Eye Strain as a Result of Computer Use :: Technology Computers Health Vision Essays
Eye Strain as a Result of Computer Use In the twentieth century, technology is at an all time high in the world. This technology includes research, stock market shares, computers, medical advances, and a vast variety of other things. Among the advanced technology is a break through of computer use. Almost everyone at sometime in their day is using a computer for one task or another. Computers have taken the world and reshaped the possibilities of ideas and dreams in the past decade. Millions of people are using a computer daily according to Anshel (1996). This work on the computer can ran range from five minutes a day to eight hours a day depending on they type of job a person holds. Today's job market, employees are accustomed to working with a computer. This could include data entry clerks, an internet consultant, a bank teller, a librarian, and especially secretaries. The field is open to just about anyone. Often overlooked are the students that use computers on a daily basis. Many college students depend on the use of computers classes whether it be for fun or recreational use. Sometimes the convience of using computers comes with a high price to pay. The National Institute of Occupational Health and Safety (NIOSH) says that eyestrain is the leading problem in computer use. This even exceeds such common problems as carpal tunnel syndrome. (Atencio 1996) Eyestrain and eye fatigue lead to many other complications if it is a continuous problem. One of these problems includes myopia. There are many ways of relieving eye fatigue and helping the symptoms of myopia. These problems can be onset in younger years when children are in school. Since most schools in the country are using computers as a main source of education, eyestrain can be a linked to myopia. There are many options people or companies have to improve the conditions under which the person is working. Eyestrain is defined as blurred or double vision, burning, irritation, headaches, gritty eye sensation, eye fatigue, neck and shoulder pain, color perception change, decreased visual efficiency, more frequent errors and reduced efficiency. (Atencio 1996, Palmer 1993, Nunoo 1997) Eyestrain is also known as asthenopia. It simply means visual strain. (Palmer 1993) Dr. Paul F. Bommarito also said that 88% of heavy computer users experience these problems. (Fletcher 1996) Palmer suggest that eye fatigue is often caused by the eye muscles becoming tired much like other muscles in our body.
Saturday, August 17, 2019
Football Religion
Christianity, with more than 2 billion believers, ranks second among the major religions of the world. Soccer is first. FIFA, the guardians of the faith, calculated that a cumulative television audience of 28. 8 billion people tuned in to watch the 2002 World Cup tournament. Keep in mind that the world's total population is only 6. 6 billion Hello I am one of the biggest football fan in the world. And I am here to show you how football is synonyms to any religion in the world. I will be telling you about the customs, rituals, the gods, the holly places and the like of football a. . a. soccer and how they are some what of same nature as the ones practiced in some of the worldââ¬â¢s major religions like Christianity and Islam. Like Hinduism, football has many gods. If we take Arsenal FC for instance the striker god of all time is Henry, the Mid field god was Vieria but now its Fabregas, the defensive god has to be Tony Adams. Its not just arsenal FC, every FC and every national team has its own gods. Few people wear the vestments of their favourite molana or priest as compared to the jerseys worn by the fans of their favourite player. Football provides the ritual of a weekend gathering for those who are truly committed. Fewer people visit churches on Friday as compared to the the fans that go to the Mecca of Football ââ¬Ëthe football stadiumââ¬â¢. Football has its own mythology too, those stories that believers tell to explain their identity and history and every club or nation has got one. It even has its own book in which all the rules are written. And like any religion the love of the game is passed through generations. If my father supported a team I am automatically put into the hierarchy of followers when I am born. Extremism also exists in the religion of football, and the extremists are known as the hooligans. Fans use the mean of violence to show there love for the team. They can be viewed as the jihadis, fighting the rival team supporters for the pride of their team. Religion is not complete without rules and code of conduct and football is no exception. It has got its own rules, its own mysterious language and song of praise. And if the rules are broken then it has the priest, the father or the molana of its own blowing whistle and punishing the players by showing yellow and red cards. In the end I would like to say that even though football falls in every category of a religion it has its gods, book, followers, holly warriors etc it fall a just short of a religion because The faithful don't get angry if God doesn't deliver a miracle every week. Football fans on the other hand do get very annoyed if their teams are not performing to the expected level, and miracles are often demanded.
Friday, August 16, 2019
Media Ethics and Laws
Indian Contract Act 1872 The law relating to contracts in India is contained inà Indian Contract Act, 1872. The Act was passed byà British Indiaà and is based on the principles ofà English Common Law. It is applicable to the All the States of India except the State ofà Jammu & Kashmir. It determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties.Indian contract deals with the enforcement of these rights and duties upon the parties in India. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Definition Section 2(h) of the Act defines the term contract as ââ¬Å"any agreement enforceable by lawâ⬠. There are two essentials of this act, agreement and enforceability. Section 2(e) defines agree ment as ââ¬Å"every promise and every set of promises, forming the consideration for each other. â⬠Again Section 2(b) defines promise in these words: ââ¬Å"when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted.Proposal when accepted, becomes aà promise. â⬠And other words Say Agreement is Sum of all contract are agreement, but all agreement are not contract.. CONTRACT=AGREEMENT+ENFORCEABLE BY LAW( LAW) ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Essential Elements of a Valid Contract According to Section 10, ââ¬Å"All agreements are contracts, if they are made by the free consent of the parties, competent to contract, for a lawful consideration with a lawful object, and not hereby expressly to be void. â⬠Essential Elements of a Valid Contract are: . Proper offer and proper acceptance. there must be an agreement bas ed on a lawful offer made by person to another and lawful acceptance of that offer made by the latter. section 3 to 9 of the contract act, 1872 lay down the rules for making valid acceptance 2. Lawful consideration: An agreement to form a valid contract should be supported by consideration. Consideration means ââ¬Å"something in returnâ⬠(quid pro quo). It can be cash, kind, an act or abstinence. It can be past, present or future. However, consideration should be real and lawful. . Competent to contract or capacity: In order to make a valid contract the parties to it must be competent to be contracted. According to section 11 of the Contract Act, a person is considered to be competent to contract if he satisfies the following criterion: * The person has reached the age of maturity. * The person is of sound mind. * The person is not disqualified from contracting by any law. 4. Free Consent: To constitute a valid contract there must be free and genuine consent of the parties to the contract.It should not be obtained by misrepresentation, fraud, coercion, undue influence or mistake. 5. Lawful Object and Agreement: The object of the agreement must not be illegal or unlawful. 6. Agreement not declared void or illegal: Agreements which have been expressly declared void or illegal by law are not enforceable at law; hence they do not constitute a valid contract. 7. Intention To Create Legal Relationships:- when the two parties enter in to an agreement,there must be intention to create a legal relationship between them â⬠¦ if there is no such intention on the part of the parties .. here is no contract between them .. agreements of a social or domestic nature do not contemplate legal relationship;as such they are not contracts. 8. Certainty, Possibility Of Performance 9. Legal Formalities 10. by surity ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Types of contracts On th e basis of validity: 1. Valid contract: An agreement which has all the essential elements of a contract is called a valid contract. A valid contract can be enforced by law. 2. Void contract[Section 2(g)]: A void contract is a contract which ceases to be enforceable by law.A contract when originally entered into may be valid and binding on the parties. It may subsequently become void. ââ¬â There are many judgments which have stated that where any crime has been converted into a ââ¬Å"Source of Profitâ⬠or if any act to be done under any contract is opposed to ââ¬Å"Public Policyâ⬠under any contractââ¬âthan that contract itself cannot be enforced under the law- 3. Voidable contract[Section 2(i)]: An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of other or others, is a voidable contract.If the essential element of free consent is missing in a contract, the law confers right on the aggrieved party e ither to reject the contract or to accept it. However, the contract continues to be good and enforceable unless it is repudiated by the aggrieved party. 4. Illegal contract: A contract is illegal if it is forbidden by law; or is of such nature that, if permitted, would defeat the provisions of any law or is fraudulent; or involves or implies injury to a person or property of another, or court regards it as immoral or opposed to public policy.These agreements are punishable by law. These are void-ab-initio. ââ¬Å"All illegal agreements are void agreements but all void agreements are not illegal. â⬠5. Unenforceable contract: Where a contract is good in substance but because of some technical defect cannot be enforced by law is called unenforceable contract. These contracts are neither void nor voidable. On the basis of formation: 1. Express contract: Where the terms of the contract are expressly agreed upon in words (written or spoken) at the time of formation, the contract is said to be express contract. . Implied contract: An implied contract is one which is inferred from the acts or conduct of the parties or from the circumstances of the cases. Where a proposal or acceptance is made otherwise than in words, promise is said to be implied. 3. Quasi contract: A quasi contract is created by law. Thus, quasi contracts are strictly not contracts as there is no intention of parties to enter into a contract. It is legal obligation which is imposed on a party who is required to perform it.A quasi contract is based on the principle that a person shall not be allowed to enrich himself at the expense of another. On the basis of performance: 1. Executed contract: An executed contract is one in which both the parties have performed their respective obligation. 2. Executory contract: An executory contract is one where one or both the parties to the contract have still to perform their obligations in future. Thus, a contract which is partially performed or wholly unpe rformed is termed as executory contract. . Unilateral contract: A unilateral contract is one in which only one party has to perform his obligation at the time of the formation of the contract, the other party having fulfilled his obligation at the time of the contract or before the contract comes into existence. 4. Bilateral contract: A bilateral contract is one in which the obligation on both the parties to the contract is outstanding at the time of the formation of the contract. Bilateral contracts are also known as contracts with executory consideration. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â Negotiable Instruments Act, 1881 Negotiable Instruments Act, 1881à was passed by British India and for over 130 years and except for amendments, the question of revising the act as a whole never been raised. According to Section of the Negotiable Instruments Act means ââ¬Å"Aà negotiable instrument à means a promissory note, bill of exchange or cheque payable either to order or to bearer. ââ¬Ë[3]But in Section 1, it is also described thatà Local extent, Saving of usage relating to hundis, etc. , Commencement. It extends to the whole of India but nothing herein contained affects the Indian Paper Currency Act, 1871, Section 2, or affects any local usage relating to any instrument in an oriental language. Provided that such usages may be excluded by any words in the body of the instrument, which indicate and intention that the legal relations of the parties thereto shall be governed by this Act; and it shall come into force on the first day of March, 1882. [3] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Modern era and Negotiable Instruments prefer to carry a small piece of paper known asà Chequeà rather than carrying the currency worth the value of theà Cheque. Before 1988 the re being no provision to restrain the person issuing theà Chequeà without having sufficient funds in his account. Of course onà Dishonoured chequeà there is a civil liability accrued. However in reality it takes a long time to recover the money. In order to ensure promptitude and remedy against the defaulters of the Negotiable Instrument a criminal remedy of penalty was inserted in Negotiable Instruments Act, 1881 by amending it with Negotiable Instruments Act, 1988. 3] With the insertion of these provisions in the Act the situation certainly improved and the instances of dishonour have relatively come down but on account of application of different interpretative techniques by different High Courts on different provisions of the Act it further compounded and complicated the situation although on dishonour of cheques the trends of the verdicts of theà Supreme Court of Indiaà unequivocally demonstrate that there is subconscious judicial pressure in the mind of the Judges which leans heavily in favour of the holder of the cheque. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â-The sales of goods act 1930à ââ¬â Presentation Transcript * 1. The sales of goods act 1930 Meaning of sale and goods Conditions and warranties Transfer of property Rights of an unpaid seller * 2. The law of sale of goods was contained in chapter VII of the Indian contract Act. 1872 Contracts for the sale of goods are subject to the general legal principles applicable to all contracts, such as offer and its acceptance or other essential elements of a contract. * 3. Contract of sale of goods A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to buyer for a price.The term ââ¬Å" contract of saleâ⬠is a generic term and includes both a sale and an agreement to sell. * 4. Sale and agreement to sell Where under a contract of sale , the property in the goods is transferred from the seller to the buyer, the contract is called a ââ¬Å"saleâ⬠but where the transfer of the property in the goods is to take place at a future time or subject to some conditions thereafter to be fulfilled. The contract is called ââ¬Å"agreement to sell ââ¬Å". An agreement to sell becomes a sale when the time elapses or the conditions, subject to which the property in the goods is to be transferred are fullfilled. 5. Essentials of a contract of sale Two parties: there must be two distinct parties i. e a buyer and the seller, to effect a contract of sale and they must be competent to enter into a contract. Goods: there must be some goods the property in which is or is to be transferred from the seller to the buyer. The goods which form the subject matter of the contract of sale must be movable. Transfer of immovable property is not regulated by the sale of goods Act. Price: the consideration for the contract of sale, called pri ce, must be money. When goods are exchanged for goods, if is not a sale but a barter.Partly in money and kind is a contract of sale. All the essential elements of a valid contract. * 6. Distinction between sale and an agreement to sell In a sale the property in the goods passes from the seller to the buyer immediately so that the seller is no more the owner of the goods sold. A sale can only be in case of existing and specific goods only. In an agreement to sell the transfer of property in the goods is to take place at a future time or subject to certain conditions to be fulfilled. It is mostly in case of future and contingent goods . * 7.Risk of loss falls on the buyer even though they are in the possession of seller. Seller can sue for price in case of breach, possession may be with seller. Risk of loss is with seller even though goods are in the possession of buyer. Seller can only sue for damages though goods may be in the possession of the buyer. * 8. Conditions and warranties A stipulation in a contract of sale with reference to goods which are the subject thereof may be a condition or a warranty ( sec 12(1). Condition: a condition is a stipulation which is essential to the main purpose of the contract.It goes to the root of the contract, its non fulfillment upsets the very basis of the contract. If there is a breach of a condition, the aggrieved party can treat the contract as repudiated. Ex: truck which is now in Bombay should proceed! * 9. warranty Sec 12(3) a warranty is a stipulation which is collateral to the main purpose of the contract. It is not of such vital importance as condition is. If there is a breach of a warranty, the aggrieved party can only claim damages and it has no right to treat the contract as repudiated. * 10.Whether a stipulation in a contract of sale is a condition or a warranty depends in each case on the construction of the contract as a whole. The court is not guided by the terminology used by the parties to the contract. A stipulation may be a condition though called a warranty in the contract. ( sec 12(4)). * 11. Difference between condition and warranty Condition Stipulation essential to the main purpose Breach of condition, contract can be repudiated A breach of condition may be treated as breach of warranty. Warranty Stipulation collateral to the main urpose of the contract Breach of warranty the aggrieved party can claim damages only A breach of warranty, cannot be treated as a breach of a condition. * 12. When conditions to be treated as warranty Voluntary waiver of condition: where a contract of sale is subject to any condition to be fulfilled by the seller, the buyer may (a) waive the condition or (b) elect to treat the breach of the condition as a breach of warranty. If the buyer once decides to waive the condition he cannot afterwards insists on its fulfillment. * 13. 2. cceptance of goods by buyer: where a contract of sale is not severable and the buyer has accepted the goods or part thereo f, the breach of any condition to be fulfilled by the seller can only be treated as a breach of warranty. Unless there is an agreement to the contrary. * 14. Express and implied conditions and warranties Implied conditions Condition as to title: (a) in the case of a sale, he has a right to sell the goods and (b) in the case of an agreement to sell he will have a right to sell the goods at the time when the property is to pass.Sale by description: where there is a contract for the sale of goods by description, there is an implied condition that the goods shall correspond, there is an implied condition that the goods shall correspond with the description. * 15. Condition as to quality or fitness: the condition as to quality or fitness is implied where (a) the goods sold are such as the seller deals in the ordinary course of his business (b) the buyer relies on the sellerââ¬â¢s skill or judgment as to the fitness of the goods for any particular purpose (C) the buyer expressly or imp liedly makes known to the seller that he wants the goods for that particular purpose.Condition as to merchantability: where goods are bought by description from a seller who deals in goods of that description , it means goods should be such as commercially saleable under the description by which they are known in the market at their full value. * 16.Condition implied by custom: an implied condition as to the quality or fitness for a particular purpose may be annexed by usage of trade Sale by sample: implied condition that the bulk shall correspond with the sample in quality, that the buyer shall have a reasonable opportunity of comparing the bulk with the sample, that the goods shall be free from any defect, rendering them un-merchantable. Condition as to wholesomeness; in the case of eatables and provisions, in addition to merchantability, there is another implied condition that the goods shall by wholesome. * 17.Implied warranties Warranty of quiet possession: if the buyer is any way disturbed in the enjoyment of the goods in consequence of the sellerââ¬â¢s defective title to sell, he can claim damages from the seller. Warranty of freedom from encumbrances; the goods are free from any charge or encumbrance in favor of any third party. Warranty as to quality or fitness by usage of trade. Warranty to disclose dangerous nature of goods * 18. Caveat emptor ââ¬Å" Let the buyer bewareâ⬠In a contract of sale of goods the seller is under no duty to reveal unflattering truths about the goods sold.Therefore when a person buys some goods, he must examine them thoroughly. If the goods turn out to be defective or do not suit his purpose or he depends upon his own skill or judgment and makes a bad selection, he cannot blame anybody excepting himself. * 19. Exceptions Fitness for buyerââ¬â¢s purpose Sale under a patent or trade name Merchantable quality Usage of trade Consent by fraud ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ⠬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- General Agreement on Tariffs and Trade Theà General Agreement on Tariffs and Tradeà (GATT) was a multilateral agreement regulating international trade.According to its preamble, its purpose was the ââ¬Å"substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis. â⬠It was negotiated during theà UNà Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create theà International Trade Organizationà (ITO). GATT was signed in 1948 and lasted until 1993, when it was replaced by theà World Trade Organizationà in 1995. The original GATT text (GATT 1958) is still in effect under the WTO framework, subject to the modifications of GATT 1994. 1] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- The Companies Act , 1956 The Companies Act 1956à is anà Actà of theà Parliament of India, enacted in 1956, which enabledà companiesà to be formed by registration, and set out the responsibilities of companies, theirà directorsà andà secretaries. [1] The Companies Act 1956 is administered by theà Government of Indiaà through theà Ministry of Corporate Affairsà and the Offices of Registrar of Companies, Official Liquidators, Public Trustee,à Company Law Board, Director of Inspection, etc.The Registrar of Companies (ROC) handles incorporation of new companies and the administration of running companies. Since its commencement, it has been amended many times, in which amendment of 1988, 1990, 1996, 2000 and 2011 are notable. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Provisions of the Act The Act is 658 sections long. It contains provisions about Companies, directors of the companies, memora ndum and articles of associations, etc. This act states and discusses every single provision requires or may need to govern a company. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â Intellectual property From Wikipedia, the free encyclopedia This article isIntellectual Property (film) | | * | | * | | * | * | Intellectual propertyà (IP) is aà juridicalà concept which refers to creations of the mind for whichà exclusive rightsà are recognized. [1]à Under intellectual property law, owners are granted certain exclusive rights to a variety ofà intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs.Common types of intellectual property rights includeà copyright,à trademarks,à patents,à industrial design rightsà and in some jurisdictionsà trade secrets. Although many of the legal principles governing inte llectual property rights have evolved over centuries, it was not until the 19th century that the termà intellectual propertyà began to be used, and not until the late 20th century that it became commonplace in the majority of the world. [2]à The Britishà Statute of Anneà 1710 and theà Statute of Monopolies 1623à are now seen as the origins ofà copyrightà andà patent lawà respectively. [3] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â Objectives The stated objective of most intellectual property law (with the exception of trademarks) is to ââ¬Å"Promote progress. ââ¬Å"[13]à By exchanging limited exclusive rights for disclosure of inventions and creative works, society and the patentee/copyright owner mutually benefit, and an incentive is created for inventors and authors to create and disclose their work. Some commentators have noted that the objective of intellectual propert y legislators and those who support its implementation appears to be ââ¬Å"absolute protection. ââ¬Å"If some intellectual property is desirable because it encourages innovation, they reason, more is better. The thinking is that creators will not have sufficient incentive to invent unless they are legally entitled to capture the full social value of their inventions. â⬠à [14]à This absolute protection or full value view treats intellectual property as another type of ââ¬Ëreal' property, typically adopting its law and rhetoric. Other recent developments in intellectual property law, such as theà America Invents Act, stress international harmonization.Trademarkà law is not based in theà intellectual property clauseà of the U. S. Constitution, and has distinct policy objectives which are not discussed here. [edit]Financial incentive [edit]Economic growth [edit]Morality ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â ââ¬âââ¬âââ¬âââ¬â- Foreign Exchange Management Act From Wikipedia, the free encyclopedia | | | | | | | | | | | | | Theà Foreign Exchange Management Actà (FEMA) was an act passed in the winter session of Parliament in 1999 which replacedForeign Exchange Regulation Act. This act seeks to make offenses related to foreign exchangeà civil offenses. It extends to the whole ofIndia. 1] FEMA, which replacedà Foreign Exchange Regulation Act(FERA), had become the need of the hour since FERA had become incompatible with the pro-liberalisation policies of theà Government of India. FEMA has brought a new management regime of Foreign Exchange consistent with the emerging framework of theà World Trade Organisationà (WTO). It is another matter that the enactment of FEMA also brought with it theà Prevention of Money Laundering Actà 2002, which came into effect from 1 July 2005. Unlike other laws whereà everything is permitted unless specifically prohibited, under t his actà everything was prohibited unless specifically permitted.Hence the tenor and tone of the Act was very drastic. It required imprisonment even for minor offences. Under FERAà a person was presumed guilty unless he proved himself innocent, whereas under other lawsà a person is presumed innocent unless he is proven guilty. Contentsà à [hide]à * 1à Switch from FERA * 2à Need for its management * 3à Main Features * 4à References * 5à External links| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Switch from FERA The done in 1974, a period when Indiaââ¬â¢s foreign exchange reserve position wasnââ¬â¢t at its best. A new control in place to improve this position was the need of the hour.FERA did not succeed in restricting activities, especially the expansion of TNCs (Transnational Corporations). The concessions made to FERA in 1991-1993 showed that FERA was on the ver ge of becoming redundant. [2]à After the amendment of FERA in 1993, it was decided that the act would become the FEMA. This was done in order to relax the controls on foreign exchange in India, as a result ofà economic liberalization. FEMA served to make transactions for external trade (exportsà andimports) easier ââ¬â transactions involving current account for external trade no longer required RBIââ¬â¢s permission.The deals in Foreign Exchange were to be ââ¬Ëmanagedââ¬â¢ instead of ââ¬Ëregulatedââ¬â¢. The switch to FEMA shows the change on the part of the government in terms of foreign capital. [3] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Need for its management The buying and selling of foreignà currencyà and other debt instruments by businesses, individuals and governments happens in theà foreign exchange market. Apart from being very competitive, this mar ket is also the largest and most liquid market in the world as well as inà India. 4]à It constantly undergoes changes and innovations, which can either be beneficial to a country or expose them to greaterà risks. The management of foreign exchange market becomes necessary in order to mitigate and avoid the risks. Central banksà would work towards an orderly functioning of the transactions which can also develop their foreign exchange market. [5] Whether under FERA or FEMAââ¬â¢s control, the need for the management of foreign exchange is important. It is necessary to keep adequate amount of foreign exchange reserves, especially when India has to go in for imports of certain goods.By maintaining sufficient reserves, Indiaââ¬â¢s foreign exchange policy marked a shift from Import Substitution to Export Promotion. [6] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- [edit]Main Features ââ¬â Activities such as payments made to any person outside India or receipts from them, along with the deals in foreign exchange and foreign security is restricted. It is FEMA that gives the central government the power to impose the restrictions. ââ¬â Restrictions are imposed on people living in India who carry out transactions in foreign exchange, foreign security or who own or hold immovable property abroad. Without general or specific permission of theà Reserve Bank of India, FEMA restricts the transactions involving foreign exchange or foreign security and payments from outside the country to India ââ¬â the transactions should be made only through an authorised person. ââ¬â Deals in foreign exchange under theà current accountà by an authorised person can be restricted by the Central Government, based on public interest. ââ¬â Although selling or drawing of foreign exchange is done through an authorised person, the RBI is empowered by this Act to subject theà capital accountà transactions to a number of restrictions. People living in India will be permitted to carry out transactions in foreign exchange, foreign security or to own or holdà immovable propertyà abroad if the currency, security or property was owned or acquired when he/she was living outside India, or when it was inherited to him/her by someone living outside India. ââ¬â Exporters are needed to furnish their export details to RBI. To ensure that the transactions are carried out properly, RBI may ask the exporters to comply to its necessary requirements. [7]
Case Study Of Westminster Company Essay
There are three alternatives which come to view for consideration by the Westminster Company in terms of logistical adjustments. The first option would be to consolidate its warehouses. The second option is to make use of public warehouses and the third option would be to have private warehouses. All the options have advantages and disadvantages which should be considered before a decision is made on the best type of warehousing that should be adopted by the company. System consolidation for the Westminster Company would result in easy gain of economies of transportation. This is because it would be easy to gather truckloads to and from the centers of distribution. This will lower both the customer freight as well as the transfer costs. The effects of warehouse consolidation have some great impacts on the costs of transportation. Firstly, it would reduce the inventory carrying costs. This will be as a result of the reduction of duplication of effort and use of better facilities. Ther e would also be an improvement on order fill rates. This will be achieved because the inventory will distributed from fewer locations of storage. Moreover, the number of freight transfers needed to meet the demands of the customer would be considerably reduced. System consolidation would therefore result in great savings in terms of costs. Another advantage of using the consolidated system is that it offers greater opportunities for large volumes of shipment using trucks. The consolidated system also makes it possible to practice mixed shipment. The large volumes of shipment would mean that there would be need for fewer shipments, each carrying a large quantity. This would improve the economies of scale. There are also some disadvantages of the consolidated system. There are some customers who feel comfortable when the stores are near them. Consolidating the warehouses would increase the distance from some customers. This may pose a challenge on the time taken to deliver the customers. The distance from the distribution centers would be longer and may result in a considerable increase in the cost of transportation. The other alternative is public warehousing. In this form of warehousing, the first advantage is that there is no need for fixed investment. The quality of performance is also considerably high. The first disadvantage of this system is that the variable costs involved are considerably high. Secondly, when handling products of high volume, one must incur high costs in terms of storage and handling. The third option is private warehousing. It is easy to work withà this type of warehousing when handling products which have uncertain nature in terms of their sales. However, this option would not be the best for Westminster products since they are health products which are in demand throughout the year. Use of third party warehousing and transfer would result into higher inventory costs. However, in case there are no fixed investments, the inventory costs would be considerably reduced. One of the advantages of third party warehousing is that since specialists are involved, the service provided is usually better at a lower cost. In terms of cost reduction, consolidated public warehousing would be the best alternative to explore. This is because the overall initial costs are considerably reduced using this option. This would be achieved since the company would not need to make any fixed investments of its own.
Thursday, August 15, 2019
Gladiator: Comparison from the movie to actual history Essay
In the movie, many things portrayed are the same as what really happened in Roman history. Some things though, are a little different in the actual history of Rome than in the movie. Scenes were changed in the movie too, to make the plot more interesting. I connected what I could between the movie and the actual history of Rome. Maximus was the general of Rome and a really good general at that. He lead Rome to many victories. He was so great and loyal that in the movie, Marcus Aurelius actually asked him to succeed him in the throne. When Commodus heard this from his father, he killed him and sentenced Maximus to death. When Maximus escaped, he was picked up by a group of men and sold as a slave to become a gladiator. As a gladiator, he fought many different types of gladiators. Quicker ones had nets with tridents and slower ones had curved swords with shields. There were some gladiators that even had chariots. In the actual history of Rome, there really were different types of gladiators. The gladiators with the net and trident were called the retarius. The gladiator with the curved sword and shield were called the samnite. Iââ¬â¢m not too sure if there were gladiators that used chariots as their weapons but it sounds likely since it is thought that the colosseum was filled up and used for boat wars. Using chariots would be easy for them and entertaining for the crowd. Thereââ¬â¢s a scene in the movie where itââ¬â¢s a one on one battle between Maximus and a champion gladiator. Maximus is barely armed and protected. All he has is a sword and shield I believe. The other man has two swords, a mask for protection, and heavy armor. This shows how each type of gladiator was to fight a different kind of gladiator so the match would be even and fair. In the movie, Commodus is very sneaky and vengeful. He uses murder in his politics also. He killed his father, tried to kill Maximus and even wanted to get rid of the senate in order for him to become a ââ¬Å"true emperor.â⬠He thinks the senate is unneeded and believes himself to be more of a peopleââ¬â¢s person then the actual senators. In history, there was much murder in the government also. The Gracchis were murdered as well as Caesar. Commodus tries to assassinate and kill Maximus since Maximus is supposed to be the successor to the throne after Marcus Aurelius. In Roman History, the Romansà never developed a formal policy of succession. Although many emperors named their successors, the Roman army often refused to accept the new emperors and assassinated them. This is what Commodus tried to do with Maximus in order for himself to become emperor and rule. Gracchus wants the citizens of Rome to be happy in the movie and makes sure the emperor hears the problems and needs of the people when he councils with him. He even suggests possible solutions to the problems. He seems to be a peopleââ¬â¢s person very much and knows how some of the senators can be crooked. In Roman history, there were actually two Gracchis who were actually both murdered because they were disliked by crooked senators who used violence to get ahead. The real Gracchis wanted to help the citizens out also. They even used public funds to purchase grain to be sold to the poor at low prices so they can afford it. They also improved the political status of the equites (business and land owning people.) Lucillia, sister of Commodus, has a son named Lucius. I did some research to find out that her son was named after his father who died in 169 A.D. His name was Lucius Veras. In the movie, she is portrayed as a widow, but, in real history, she remarries to Tiberius Claudius Pompeianus Quintianus of Antioch. In the movie, she joins the plot for the good of the Roman people but she really participated in this plot because she lusted after power. She also supports her brother in the movie but was actually involved in a plot with her cousin to assassinate Commodus and raise her husband up as emperor. The plan was figured out and she was banished to the island of Capri. In the movie, it shows her as out- living her brother but she is actually executed at the island because he changed his mind. As you can see, many things throughout the movie were the same as to what happened in the history of Rome. A few minor details were changed but nothing too noticeable. The only major difference I could see was in Lucillia and how she was portrayed. Her role had to be changed or else the whole movie would have been different and probably more boring. Definitely when you put the two, movie and history, side-by-side, you see how good of a job they really did sticking to the facts and at the same time, making theà movie wicked-awesome with its totally cool action.
Wednesday, August 14, 2019
White Collar Crime Social Interaction & Conflict Theory
The American dream exists because everybody has a dream of what they want, or what they want to achieve. Americans achieve success through achieving their goals. The American dream is what gives people hope; it allows them to work hard to achieve happiness, and all the things that come with it. Like gaining all the things you want and need in life (Warshauer). The American dream is a big part of Americaââ¬â¢s culture. The American dream is based on the freedom of the people to pursue their goals through hard work and free chance (Malone). Maybe the American dream doesnââ¬â¢t exist maybe there was no American dream to start with. The American dream is dead for the majority of Americaâ⬠sayââ¬â¢s financial guru Suze Orman, she believes that the dream of one day owning your own home and working one job till you retire, well and being able to retire will one day be crushed. Orman says we are on a road leading to poverty and there are no roads coming off of it. This is the e nd of the American dream some say ââ¬Å"it has been soldâ⬠says (DCraig), but itââ¬â¢s the start of a new American Dream. The new American dream deals with responsibility, quality, ethics, and creativity while money takes its new place as a means. But the American dream changes and changes in the 20th century, the American Dream was summarized as ââ¬Å"a single family house in the suburbs with a white picket fence around it,â⬠(Leinberger). So the American dream changes with time, as the world changes so does the American dream. The us bureau of labor stats that out of 100 people that started working when they were 25, by the age of 65, 1 percent are wealthy, 4 percent have retired, 3 percent are still working, 63 percent are dependent on social security and charity,29 percent are dead. This represents real people who will most likely never make it to the top. This says that only 5% of the people you see will be finically successful. The worst thing about the American dream is that people would rather be rich and miserable than poor and happy. ââ¬Å"I once said that at a party, and a woman about my age said, ââ¬Å"Well sure I would. If I was rich, I could make myself happy. â⬠ââ¬Å"Nope,â⬠I replied. ââ¬Å"Thatââ¬â¢s not the deal: You can either be rich and miserable, or poor and happy. Period. So which is it? â⬠She thought about it for several seconds. ââ¬Å"Iââ¬â¢d rather be rich. ââ¬Å" Said Francis Hare Thatââ¬â¢s the problem with the American Dream. It used to be that a person with good work ethic could become anything they wanted and be happy with it. Now itââ¬â¢s about all the money you can make how much you have and you social class. (Hare) Another way to achieve the American dream is through education; education is the key to success, if you donââ¬â¢t have the proper education itââ¬â¢s not likely for a person to succeed in life (Stone). If there is an American dream which means, people pursuing their dreams, then why is the unemployment rate so high? The answer to that question is that the American dream has changed in some peopleââ¬â¢s eyes. The opinion I share is that the American dream has always existed in Americans dreams hence the ââ¬Å"American Dreamâ⬠. I think it is what people dream of having which varies from person to person, no one person has the same dream. It also changes from time to time; as new things come out people want them. Most of all people are losing sight of the American dream all they want is money and an easy was to get it, most people are trying to achieve their American dream the easy way through lawsuits or the lottery (Warshauer). So I do think the American dream varies depending on the person. I can see why people think the American dream doesnââ¬â¢t exist. Since there is really no definition for the American Dream or you canââ¬â¢t really put your finger on what it actually is. Lorie A. Johnson says the American dream is getting farther and farther out of reach. Today, people cannot afford to buy a home; people are spending their money on other things to find happiness. But Lorie A. Johnson says that ââ¬Å"in order to be truly happy, Americans need to reject the false American dream and create their own vision of happinessâ⬠. Johnson) But the real question is does the American dream still exist? The answer to this question is there is no answer, because it only exists in the people that believe in it and itââ¬â¢s also different from person to person. The American dream only exists in the people that believe in the American dream. For the people that still believe in the American dream, it gives hope of success in their life. For the people that donââ¬â¢t believe in the American dream, they are now slaves to their jobs donââ¬â¢t have goals to achieve. Which makes it harder and harder to believe there is an American Dream? (Malone). The American dream can be said to be many things but one this for sure is that it is not gone. It just changes with the time, if America is still around so will the American dream no matter how bad the economy gets. The American dream is definitely still alive and kicking people just need to know that, the American dream is whatever their dream is or whatever they want to accomplish.
Tuesday, August 13, 2019
Industry Best Practices Research Paper Example | Topics and Well Written Essays - 750 words - 1
Industry Best Practices - Research Paper Example This essay intends to describe one of the best practices in retail industry in relation to remote connectivity solution. The objective of the essay is to describe the advantages and disadvantages of remote connectivity solution. Furthermore, the essay would also discuss about the opportunities of improvements in remote connectivity solution (SonicWall, Inc., 2007). Best Practice for Remote Connectivity Solution In Retail Industry Traditionally, remote access was enjoyed by only a certain number of people in a retail organization such as executives or sales force. However, intense progress of mobile devices along with introduction of high speed internet connectivity have increased the expectations of organizations in retail industry to ensure better and safe access to various networks and services. Retail industry nowadays demand accelerated information transmission and real time information processing in order to enjoy remote access of organizational information. In fact, there are s everal best practices for remote connectivity solution in retail industry. One such practice is introduction of ââ¬ËVirtual Private Networkââ¬â¢ (VPN) technology (Kouroubali, Starren, Barrows, & Clayton, 1997). Advantages VPN technology is a rational solution for remote access in retail segment. This system provides secure access to the organizational resources in retail segment by establishing an encrypted channel in an online environment. VPN technology permits retail organizations to reach their internal network in cost effective and secure manner. VPN technology can provide great flexibility to the employees to access the organizational network from any place and at any time. In this way, this technology helps employees to perform their job effectively. By implementing VPN solution, employees can conduct the regular business activities such as communicating through e-mail or using customized network program rapidly. The VPN solution can also enhance the productivity of ret ail organization as they will be capable of providing suppliers or business associates to access the required information without compromising the security (Lee, Hwang, Kang & Jun, 2000). The major advantages for applying VPN practices for remote connectivity solution are: It can provide secure communication with access authority by customizing the network system according to the information requirement for each user such as employee, suppliers or business associates It can improve the productivity by improving inner organizational network and applications It can minimize the communication expenses and enhance the flexibility of employees to perform regular activities (Cisco Systems, Inc., 2008) Disadvantages Although VPN provide solution to remote connectivity in retail industry, it also has quite a few disadvantages. VPN technology helps to extend the organizational network which at times makes the organizational resources more accessible for network invaders. They can disclose se nsitive information of organization to the public network. VPN technology is quite vulnerable, because any sort of fault or error in the system can result in security breach of organizational network. Except encryption technology, VPN system does not use any kind of security layer as a primary defense. Hence, it poses a threat for retail organization as people can access organizational information by bypassing the outside
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