The Role of Lease Financing in Bangladesh Essay Example

The Role of Lease Financing in Bangladesh Essay Introduction Lease financing is comparatively a new concept in the financial sector and has got recognition as aninnovative source of finance for accelerating the pace of industrialization as well as economic growth of  Bangladesh. Leasing companies have registered substantial growth in lease financing during the year 1985through 1994. Since 1995 to date, growth in lease market has significantly slowed down because of sluggisheconomic activities, withdrawal of incentives by the government, imposition of cash resource requirementwith Bangladesh Bank as per Finance Act 1998, expansion of number of leasing institutions, lack of  diversification of service and of awareness in business community about leasing etc. Researchers have alsofound that leasing companies need to develop their professionals and should come in the market with newmarketing strategy. Background Bangladesh is a least developed country in the world with per capita GDP Tk. 11. 284 (USD 230). She suffersfrom poverty, imperfection in both, factor and product market, continuous in equilibrium in the economy,defective administrative structure in both financial and non-financial sector, inappropriate tax structure,heavy dependence on assistance from World Bank including other International Lending Agencies andDonor Countries, lack of capital stock, massive unemployment, political turmoil and unhealthy environmentfor investment. We will write a custom essay sample on The Role of Lease Financing in Bangladesh specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Role of Lease Financing in Bangladesh specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Role of Lease Financing in Bangladesh specifically for you FOR ONLY $16.38 $13.9/page Hire Writer With the emergence of Bangladesh as an independent country in 1971, the thenGovernment nationalized all commercial Banks with the hope of accelerating industrial growth throughfinancial, fiscal and other supports. Since the inception of independent Bangladesh, Commercial Banks,Development Financial Institutions and Investment Corporation of Bangladesh have been the major sourcesof industrial finance in the country. These Banks were predominately serving the public sector by extendingsupport in the form of long term loan, working capital finance, bridge finance etc. and had limited experiencein trade, commerce and industry. Due to dearth of experience in investment decision, project financing,recovery of loan and recycle of loan, both entrepreneurs and Banking Financial Institutions coupled withdifficulties at every stage of development and accomplishment which ultimately led to the emergence of  many sick industries. The Development Financial Institutions (DFI s) that depend largely on external assistance suffer fromfinancial constrains because of ineffective project appraisal. Imprudent investment decisions, poor recoveryand inability to recycle of loan which resulted in withdrawal of fund by international donors. As a result of  poor performance and withdrawal of external support, the liquidity position of DFI s have declined and abilityof sanctioning fresh loan and of refinancing sick industries reduced. Nationalized commercial Banks areusually reluctant to finance capital expenditure due to higher financial risk and poor recovery and designedto promote the nonproductive sectors. Besides, their loan operation was substantially diminished due toadditional cash reserve requirement imposed by Bangladesh Bank in order to curb inflation. Consequently,genuine industrial clients are affected by their limited access to the long-term local currency loan. Thiscontention is evident from the fact that the private sector remains in massive default to the DFI s and NCB s,90% of borrowers to DFI s are in defaulting and recovery rates are as low as 10% of the total recoverableamount. On the other hand, Dhaka Stock Exchange (DSE), the only stock market of Bangladesh is not wellorganized and therefore failed to mobilize sufficient fund to meet the demand of the capital market of thecountry. During 1972-84, public sector financial institutions were found totally failure in developing industrialsector and promoting first generation of industrial entrepreneurs

What to Do About College Drinking

What to Do About College Drinking College is typically viewed as the pathway to gaining the skills and knowledge needed to embark on a successful career. However, it can also be a pathway to the casual acceptance of dangerous levels of alcohol consumption. Drinking is as much of the college experience as studying, sleep deprivation, and junk food. According to the National Institute on Alcohol Abuse and Alcoholism, roughly 58% of college students admit to drinking alcohol, while 12.5% engage in heavy alcohol use, and 37.9% report binge drinking episodes. Terminology An alcoholic drink typically has 14 grams of pure alcohol, as defined by the National Institutes of Health (NIH). Examples include 12 ounces of beer containing 5% alcohol, 5 ounces of beer containing 12% alcohol, or 1.5 ounces of distilled spirits containing 40% alcohol. Binge drinking is typically defined as men students consuming five drinks in the course of 2 hours, or women students consuming four drinks in the same time frame. The Problem While college drinking is often viewed as a fun and harmless activity, alcohol consumption among college students is associated with a variety of issues. According to the NIH: Over 1,800 college students die each year from alcohol-related incidents, such as vehicles crashes.Almost 700,000 college students are assaulted each year by someone who has been drinking.Roughly 79,000 college students report being raped or sexually assaulted (when either one or both parties have been drinking). At least 20% of college students develop an Alcohol Use Disorder, which means that alcohol consumption is impulsive and uncontrollable. These students actually crave alcohol, need to increase consumption levels to obtain the desired results, experience withdrawal symptoms, and prefer drinking to spending time with friends or engaged in other activities A full quarter (25%) of students admit that alcoholic consumption causes problems in the classroom, including such behaviors as skipping classes, failing to complete homework assignments, and performing poorly on tests. Too much alcohol can also result in fibrosis or cirrhosis of the liver, pancreatitis, a weakened immune system, and various types of cancers. Prevention Strategies While the natural response is to simply discourage college students from drinking, Peter Canavan, a public safety officer at Wilkes University, and the author of The Ultimate Guide to College Safety: How To Protect Yourself From Online and Offline Threats to Your Personal Safety At College Around Campus, tells ThoughtCo that providing fact-based information on the dangers of drinking to excess is a better approach. â€Å"Education should be the first step to a successful strategy designed to eliminate or limit drinking,† Canavan says. â€Å"Responsible drinking and knowing when you have had too much to drink are important factors to staying safe.† Besides the laundry list of negative effects listed above in this article, Canavan says it’s possible for students to become victims of alcohol poisoning the very first time they drink. Aside from heart-rate and breathing changes, quickly consuming a large amount of alcohol could lead to a comatose state or even death. â€Å"Any time an individual consumes alcohol for the first time, the effects are unknown, but alcohol does cause memory and learning issues, forgetfulness, and bad judgment.† In addition, Canavan says alcohol dulls the senses, which can be catastrophic in an emergency situation.   Canavan provides the following tips to help students stay safe: Regulate your alcohol consumption to reduce the chances of experiencing dangerous outcomes; know your limit.Never leave your drink unattended; it may be compromised with a date rape drug while it is out of your sight.College is a huge investment in your future; dont jeopardize it by making poor decisions as a result of drinking. A drunk driving accident can harm or kill you or your passengers, so dont drink and drive. If you are convicted of a DUI, you may lose your license and be unable to get to college or work. Long-term, a DUI on your driving record could prevent you from getting a good job after graduation since many employers look at that when reviewing job applications. Colleges and communities can also play a role in preventing underage and excessive alcohol consumption by educating students. Additional strategies include reducing access to alcohol through such ways as checking a student’s identification, ensuring that inebriated students aren’t served additional drinks, and limiting the number of places that sell alcoholic drinks.

A paper which compares and discusses the 3 works of Philip Roth Essay

A paper which compares and discusses the 3 works of Philip Roth Goodbye, Columbus Defender of the Faith and Eli, the Fanatic - Essay Example This is due to his fondness to his religion and his indifferent behavior towards the materialistic world. His character reveals a different sense of humor which is appreciated by all. I disliked the character of Brenda Patimkin because she is exactly the opposite of what Neil Klugman is. Her character portrays a sense of love towards the materialistic world. The character of Brenda is also portrayed as of a negative one by Philip Roth. This is because in the latter part of the story she decides to end the relationship with Neil Klugman due to their class differences. Another famous work by Philip Roth is the "Defender of the Faith". This story like the other works by Philip Roth also tells about religion and faith. It revolves around Sergeant Marx who fights in the World War II. After coming back from the war the Sergeant gets deeply involved in the Jewish religion. The Sergeant while serving in the army lost his faith in the religion and started doing things which were prohibited in his religion (like he started eating kosher). The story deals with the transformation of Marx from a man of principles and faith to a different man who forgets his religion and views after he joins the army. But soon after he re transforms to the real self when he realizes the need and the change. He analyzes three other Jewish trainees who held their religion and faith to a higher position then serving in the army. In this story I admire the character of Sergeant Marx. This is because of the firm belief of Marx in his principles. He is portrayed as a strong man who has gone through a lot of changes but who still has a firm belief in his religion and faith. The advantages taken by the trainees due to the kindness shown to them by Marx are a thing which I dislike in the story. The story Eli, the Fanatic tells us about the incidents and events occurred after a small ultra-Orthodox Yeshiva entered into a Jewish middle-class society in America. Philip Roth described the feelings of the members of the Jewish community. They were outraged and anxious as they worked hard to maintain peace in the community. He described their anxiety to protect their well-balanced community. Eli was a Jewish lawyer and people appealed him to restrict the outsiders from entering in their grounds. I like the way Roth explains the Jewish unawareness and crudeness of the modern culture and derides their suspicion. The story is distinct in a way it exemplifies the complexity of discussion about the educational standard of the Jewish society in a broken Jewish race. It clearly shows the difference of two different standards of Jewish community. One part of the community is well-educated and realistic, whereas the other part consists of superstitious and backward people. They rely on t he past and are not ready to forget their old traditions and values which is quiet important for their progress at present These three stories are based on the same themes but have different stories and different views. Goodbye Columbus deals with the issue of socio economic differences and classes. It deals with the love of people for the materialistic world that is a common sight in the world. While in the Defender of the Faith the writer tells about the transformation of a man. It tells about people like Grossbart who take advantage of kind people like Marx. In the third

Cult Cinema Dissertation Example | Topics and Well Written Essays - 6000 words

Cult Cinema - Dissertation Example The content is often offbeat or even transgressive, besides being aberrant or challenging. The central themes tend to be far-fetched and uncanny, but still become the centre of audience’s attention. Thus, cult cinema tends to be categorically different from the mainstream cinema; this dissimilarity is revealed by lack of highfalutin artistic exclusiveness, mass consumerism, and political correctness in cult movies. This dissertation will provide a context for defining cult cinema, by delineating the peculiar characteristics that distinguish it from other genres. This dissertation is based upon information accumulated from a vast array of primary and secondary research sources dealing with cult cinema. The chief source was literature comprising of books, journal articles, articles in periodicals specifically aimed at identifying the underlying factors that drive audience towards cult cinema. Since the dissertation is aimed at exposing the factors that have developed a fan following, so analysis of the narrative, literary techniques, characters, and plot is relevant to this study. In addition to that, secondary methods shall also encompass analysis of box office success and commercial business of the top fifty cult films. Secondary resources such as statistical data concerning commercial revenue reveal that cult films were box office hits. Similarly, reviews of most successful movies based on the viewers’ ability to recall showed that many cult films such as Blade Runner, The Shawshank Redemption, Godzilla, Star Wars, Jaws, Scary Movie were the most favourites of all times. Other literature such as journal articles and books define the textual attributes and enigmatic signifiers that appeal to young and middle aged fans. Furthermore, analysis of movies made during the last two decades revealed how audiences’ demand has accelerated the trend of making of the cult films. In the ultimate analysis, the information contained in the following pages will shed light on how cult cinema, despite being bizarre and farfetched has produced some groundbreaking films and developed a huge fan following. Increasingly, audiences are fascinated by the aesthetic elements of cult movies such as enigmatic sig nifiers: mysterious puzzles that provoke thought and engage audiences throughout the film. Lastly, the process of narrative and characters go under an unexpected transformation to deliver ontological shock to audience’s leaves a mark on the audience. Undoubtedly, these aspects make cult movies the centre of fan debate and discussion. Chapter I: Introduction Although motion pictures have fundamentally

Research on ''Job stress'' and statistical analysis Paper

On ''Job stress'' and statistical analysis - Research Paper Example The finding revealed that a significant negative impact of Job 'Job stress'' and statistical analysiss satisfaction on the level of stress. A significant negative impact between the employment status and the job stress is also realized. Introduction Workplace life plays a vital role in an individuals’ social life. The dynamic nature of the work environment has forced people to engage in job related task leading to avandornment of the social life. The unsatisfactiry state of employees makes them to concentrate on aspect or tasks that will result to improvement of their output. On the other hand, the status of employment also pushes people to strain and get stress. For instance, individuals with greater levels of job stress may be unsatisfied with the kind of work he or she does and hence leadss to unhappiness at work place. Such issues triggers burned outs or frustration when such an individual encounter a snmall challenge. Such inccident impacts negatively on the organizations output leading to low profits. The goal of theis research id to find out individuals factors that implacts on the oevrall performace and one’s job satisfaction. The most appropriate group to interview is the workers in the teaching fields are they the most affected. Previsous studies showed that the gender of an employee contributes a lot to the level of stress that one gets at work place. Other factors such as job satisfaction also influence the empployees overall performance. Since most organization is striving to increase its employees’output, the employees tend to struggle to satisfy the company’s needs. The level of stress that an individual has depends greatly on the factors that cause it. Beehr and Newman (2012) define stress as a situation that compels an individual to stray from the normal state as a result of disturbed physiological condition. From this definition, it is crucial for us to emphasise on stress management at work place. It is found out t hat the state of most individuals in the teaching fraternity is innfluenced by demographic factors. Job related stress within workers is mostly affected by role management in the organization. The management of role in the organization can be a key factor which instills stress on workers. Role stress in this context refers to any organizational undertakin that has detrimental effects on the employee. There are roles of the management that stand out to conflict to the wishes of the employees (Beehr 2011). Work and family are disjoint; therefore the family status on an individual can greatly affect the workers’job life. The situation is two-way traffic; where the family life is the source of stress that manifest at work place or the job life being the source of stress that will be spilled to the family life. Connection between job satisfaction and job stress Many researchers have tried to find out the connection between job satisfaction and stress. Job stress and job satisfctio n are two critical aspects given concentration in the HRM research projects. Stamps & Piedmonte (2010), argued that a significatn connection between job stress and job satisfaction. Another reserch by Cooper, et al (2011) also revealized that the root cause of job stress is job disatisfaction. In addition, Fletcher (2010) found out that soneone can be stressed because he or she is not satisfied with the kind of work he does. Theoretical Framework and Hypotheses

Advantages Of The Issues Of Bonus Shares Finance Essay

Advantages Of The Issues Of Bonus Shares Finance Essay The term bonus issue also called as stock dividend means an extra dividend paid to shareholders in a company from additional profits. When large fund gets accumulated out of profits of a company much beyond its expectations and needs, the companys directors may decide to share out a part of it among the existent shareholders of company in the form of bonus. Bonus can be paid in two forms either in cash or in form of shares. The company pays cash bonus when it gains large amount of profits as well as cash to pay dividend. But many a times, it happens that a company is not in a position to pay bonus in cash though it has enough amounts of profits because of poor cash position or because of its unfavorable effects on the working capital of the company. In such a situation, the company pays a bonus to its shareholders in the form of shares; a free share thus issued is known as a bonus share. A bonus share is a free share of stock given to current/existing shareholders in a company, based upon the number of shares that the shareholder already owns at the time of announcement of the bonus. The important point here is, that the issue of bonus shares only increases the total number of shares issued and owned, but it does affect the value of the company at all. Certain classes of shares only are allowed to bonus issues and it depends on the constitutional documents of respected company. Bonus share is free share in fixed ratio to the shareholders. For example ABC ltd. issues bonus share in 1:1 ratio where the dividend is 20% and Rs.10.00 as face value dividend/share this means that the company will be giving Rs. 2 of dividend per share and with bonus share it goes double i.e. Rs. 4 as one free share is given to shareholder based upon the number of shares he/she already has. Sometimes a company may change the number of shares in issue by capitalizing its reserve. In other words, it can convert the right of the shareholders because each individual will hold the same proportion of the outstanding shares as before. Main reason for issuance is the price of the existing share has become unwieldy. Advantages of issue of bonus shares: To the company: Conservation of Cash: In issuing bonus shares, cash outflow is not at all involved. The company can retain earnings as well as satisfy the desire of the shareholders to receive dividend. Keeps the EPS at a reasonable level: Company may face problems having high earning per share both from employees and consumers. Employees may feel that they are underpaid. While consumers may feel that they are being charged too high for the companys products. Issue of bonus shares increases the number of shares and reduces the earning per share. Increases the marketability of companys shares: Issue of bonus shares reduces the market price per share. Enhances prestige of the company: By issuing bonus shares, the company increases its credit standing and its borrowing capacity. It reflects financial strength of the company. It helps in financing its projects: By issuing bonus shares, the expansion and other projects of a company can be easily financed. The company need not depend on outside agencies for finances. To the Shareholders: Tax benefits: When a shareholder receives dividend in cash, it adds to his total income and is taxed at usual income tax rates. Indication of higher future profits: Issue of bonus shares is generally an indication of higher future profits. Increase in future dividend: The shareholder will get more dividends in the future even if the company continues to offer existing cash dividend per share. High psychological value: Issue of bonus shares is usually perceived positively by the market. Limitations of Bonus Issues: For the company: After the issue of the bonus shares the shareholders expectation of increment in the existing rate of dividend per share continues. It becomes really a challenging task for the company to retain the existing rate of dividend per share. Issue of bonus shares prevents new investors from becoming the shareholders of the company. For shareholders: Some shareholders may prefer cash dividend to stock dividend, such shareholders may feel disappointed (no doubt they can very well sell their bonus shares and get their money). Dividend Tax Policy in India: Before 1997 in India, dividends were taxed in hands of the shareholders. They used to disclose the dividend income under the head Income from Other Sources and then used to pay tax on dividend at a rate that depended on their individual tax bracket. After 1997, Government of India introduced the dividend distribution tax, according to which, when company announces dividends, it also pays the dividend distribution tax directly to the Government of India. Therefore, shareholders do not have to pay any tax they receive. The Finance Act, 1997 introduced the dividend distribution tax for the first time in India and under this system, companies used to pay dividend distribution tax directly at the rate of 10%. Here, this act benefited to those shareholders who fell in the higher than 10% tax bracket. The 2002-03 Budget reverted back to the earlier system for one year where dividends were again taxed in hands of shareholders. However, the 2003-04 Budget reintroduced the dividend distribution tax rate in India but at a higher rate of 12.5% plus surcharges. And currently the effective dividend distribution tax rate in India is 16.609%.

Aspects of Darkness in Shakespeares Macbeth :: Free Macbeth Essays

Aspects of Darkness in Macbeth      Ã‚   Lady Macbeth has a fear of the darkness of hell: "Hell is murky" (5.1) What are the other aspects of darkness displayed in Shakespeare's tragedy Macbeth?    Roger Warren states in Shakespeare Survey 30 , regarding Trervor Nunn's direction of Macbeth at Stratford-upon-Avon in 1974-75, how the witches represented the darkness of   black magic:    Much of the approach and detail was carried over, particularly the clash between religious purity and black magic. Purity was embodied by Duncan, very infirm (in 1974 he was blind), dressed in white and accompanied by church organ music, set against the black magic of the witches, who even chanted 'Double, double to the Dies Irae. (283)    In "Macbeth as the Imitation of an Action" Francis Fergusson states the place of darkness in the action of the play:    It is the phrase "to outrun the pauser, reason [2.3]," which seems to me to describe the action, or motive, of the play as a whole. Macbeth, of course, literally means that his love for Duncan was so strong and so swift that it got ahead of his reason, which would have counseled a pause. But in the same way we have seen his greed and ambition outrun his reason when he committed the murder; and in the same way all of the characters, in the irrational darkness of Scotland's evil hour, are compelled in their action to strive beyond what they can see by reason alone. Even Malcolm and Macduff, as we shall see, are compelled to go beyond reason in the action which destroys Macbeth and ends the play. (106-7)    L.C. Knights in the essay "Macbeth" describes the moral darkness into which Macbeth lowers himself:    The main theme of the reversal of values is given out simply and clearly in the first scene - "Fair is foul, and foul is fair"; and with it are associated premonitions of the conflict, disorder and moral darkness into which Macbeth will plunge himself.   (95)    Charles Lamb in On the Tragedies of Shakespeare comments on the "images of night" and their impact on the audience:    The state of sublime emotion into which we are elevated by those images of night and horror which Macbeth is made to utter, that solemn prelude with which he entertains the time till the bell shall strike which