1.0 Introduction The importance of tourism is increasing day by day. Tourism provides the foundations of foreign incomes, creation of employment, bases of both public sector and private sector income, cultural exchange, publicity of the country etc. In the 2012, the worldwide tourist visits exceeds 1.035 billion USD. Tourists spent over $1 trillion on the travel directly or indirectly, their spending was almost nine percent of the world’s GDP and six percent of its exports. Range of organizations
The capital asset pricing model (CAPM) serves as a model for the pricing of risky securities. CAPM believes that the expected return of a security or a portfolio equals the rate on a risk-free security plus a risk premium. If this expected return does not meet the required return, the investment should not be taken. The CAPM helps us to calculate investment risk and what return we can expect on the investment we have invested in. Systematic Risk is risk in the market that cannot be avoided. Some
According to the Reserve Bank of India, Priority Sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation. Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. PSL is an important financial policy aiming to restore the balance within different sectors of the economy
PROFILE OF R.B INDUSTRIAL FABRICATORS PVT. LTD. The company, “R. B. Industrial Fabricators Pvt. Ltd.” was incorporated in the year 1995. The Line of activity predominantly was fabrication of structures & sub assemblies of harvesting combines for CLAAS & Tractors attachment like Rotary cultivators, loaders & dozers for original equipments manufacturers (OEM’S) and India Market. The company also believes in giving innovation solution to customer’s specific requirement in their working and offers various
Being a Probation officer can be rewarding yet stressful and in some cases a dangerous job. Probation officers are required to have a Bachelor’s degree in Criminal Justice or social work, a successful Probation officer needs more than a college degree; they need a range of skills and training to effectively deal with a huge caseload of offenders and assist them with successfully completing their probation. Probation officers must be able to communicate clearly in both writing and speech.
NDB Aviva Wealth Management Limited. Mr. Mangala Boyagoda a senior banker, possessing over 30 years’ experience in the field of financial services. Mr. Boyagoda serves as Chairman, Wealth Lanka Management (Pvt.) Limited and Director of South Asia Finance Excel Investments (Pvt.) Ltd, Wealth Trust Securities Ltd, New World Securities (Pvt.) Ltd, Asset Trust Management (Pvt.) Ltd, PC House PLC and Sierra Construction Ltd. He is a former Chief Executive Officer, Standard Chartered Bank, Colombo and former
Trends in Centre-State Relations Till 1967, the centre-state relations by and large were smooth due to one-party rule at the Centre and in most of the states. In 1967 elections, the Congress Party was defeated in nine states and its position at the Centre became weak. This changed political scenario heralded a new era in the Centre-state relations. The non-Congress Governments in the states opposed the increasing centralization and intervention of the Central government. They raised the issue of
centralization restricts the ability of states to compete (as in (i) since a growing national share of total government money weakens the relative significance of local governments; and 3. Centralization may generate a greater reliance on inflationary finance given that only the national government is able to print money. Oates (1985) argued that decentralization would tend to increase total public resource mobilization. An empirical investigation conducted by Oates (1972) for 42 countries reveals a strong
What are The Townshend Acts? The Townshend Acts of 1767 were a series of laws that set expensive taxes on British Goods such as; paint, lead, tea, glass and paper. The taxes were then used to help pay the salaries of royal officials as well as the British troops in America. The names of the Townshend acts were: The Revenue Act of 1767 The commissioners of customs Act of 1767 The Vice Admiralty Court Act of 1767 The New York Restraining Act of 1768 The indemnity Act of 1767 Background:
“The high tuition-high aid model is based on claims of efficiency and equity. The efficiency claim begins with a tenant of public finance theory: any public subsidy of a good or a service that consumers are likely to purchase anyway, in the absence or diminution of the subsidy, is an inefficient use of public tax dollars” (Albatch, Gumport, Berdahl, 2011, pp. 333-334). This point is very true; there are so many jobs in the world today that require a higher education degree. The problem is, that