scholarly journals EXPORT FINANCE: A TOOL FOR PROMOTING EXPORT IN INDIA

Author(s):  
Dr. Mridula Singhal ◽  
Devendra Kumar

Export Finance play a crucial role in growth and development of export sector in any economy, which face a tough competition from rest of world. It is an essential and prime element for successful operation of various internal and external activities to grow the export business sector. In view of many scholars and economists, export is considered as the engine of growth and development of any country. Presently, India’s total export is contributing approx. 2% in the world’s trade. In export trading the 6 Ps concepts of export marketing are depending on the availability of export finance assistance in terms of share, cost and period of time. This study attempts to analyze and review the impact of export finance used by various exporters on their export profitability, performance on varied interest rate, cost of finance and special schemes related to pre and post shipment stage in export trading. To analyze the role and importance of various financial institutions in providing the financial assistance to the exporters in India helps and supports to export sector to grow in the right direction and also to achieve the specific goals. This research paper provides meaningful information to policy maker who want to reform their export structure, promotion schemes and increase the nation’s competitiveness in present era. KEYWORDS: Export Finance, Financial Institutions, Export Credits, Export Insurance

Sarwahita ◽  
2017 ◽  
Vol 14 (01) ◽  
pp. 48-52
Author(s):  
Mauna Mauna

Abstract: All children experience the process of growth and development in life. In order to reach optimal development, the child needs to get the appropriate stimulation provided with the right method. At the age of 0 to 7 years, children learn to use limbs so that the most appropriate stimulation for children aged 0 to 7 years is to use limbs as a medium of learning. This is in line with the techniques performed on sensory integration programs. But unfortunately not many parents know this. This issue often creates problems in child development. The purpose of this community service is to raise the awareness of parents to conduct teaching and learning process in ways appropriate to the age and stages of development owned by children so that children can be optimally developed. This activity is done by making activity planning, determining the location of activities and doing psychoeducation program on the parents of children at Darul Syifa Wal Aitam Foundation that located at Kranji, Bekasi. This activity is an attempt to improve parental knowledge about the importance of sensory integration and the impact it gains when the child's sensory is not well integrated. The benefit of this community service is the increased knowledge of parents about the use of sensory integration methods so that it can be used to optimize the growth of their children.   Abstrak: Semua anak mengalami proses pertumbuhan dan perkembangan dalam hidupnya. Agar perkembangannya dapat optimal, anak perlu mendapatkan stimulasi yang sesuai yang diberikan dengan metode yang tepat. Di usia 0 sampai 7 tahun anak belajar menggunakan anggota tubuhnya sehingga pemberian stimulasi yang paling tepat untuk anak usia 0 sampai 7 tahun adalah dengan menggunakan anggota tubuhnya sebagai media pembelajaran. Hal ini senada dengan teknik-teknik yang dilakukan pada program sensory integrasi. Namun sayangnya belum banyak orang tua yang mengetahui hal ini sehingga sering muncul permasalahan dalam perkembangan anak.Tujuan pengabdian masyarakat ini adalah meningkatkan kesadaran orangtua untuk melakukan proses belajar mengajar dengan cara-cara yang sesuai dengan usia dan tahapan perkembangan yang dimiliki oleh anak sehingga anak dapat berkembang dengan optimal. Kegiatan ini dilakukan dengan membuat perencanaan kegiatan, menentukan lokasi kegiatan dan melakukan program psikoedukasi pada orangtua anak-anak pada yayasan Darul Syifa Wal Aitam Kranji, Bekasi. Kegiatan ini sebagai usaha untuk meningkatkan pengetahuan orangtua tentang pentingnya sensori integrasi dan dampak yang didapatkan apabila sensori anak tidak terintegrasi dengan baik. Manfaat dari pengabdian ini adalah meningkatnya pengetahuan orang tua tentang penggunaan metode sensori integrasi sehingga dapat digunakan untuk mengoptimalkan tumbuh kembang anakanaknya . 


Author(s):  
Peter A Okere ◽  
Ndugbu Michael ◽  
J.N Ojiegbe ◽  
Barr. Lawrence Uzowuru

The focus of this study was on the impact of bank and non-bank financial institutions on the growth and development of the Nigerian economy. In an attempt to achieve the objectives of the research, data for the period 1992 to 2012 were collected from the CBN publications. Hypotheses were also formulated. The data collected were analysed using the E-views econometric software under the ordinary least square (OLS) regression analysis. The study as confirmed by the result of the joint test revealed that the financial institutions play prominent role on the growth and development of the Nigerian economy. However, it was further revealed that individual contributions of the explanatory variables varied. For example, the Deposit Money Banks were revealed to have impacted very insignificantly to the growth and development of the Nigerian economy. This may not be unconnected with the unwholesome practices in the banking sector such as granting of loans/advances to “ghost” applicants, diversion of loans and advances granted, high incidence of moral hazards. In view of the above, it is recommended among others that government should come up with lending policies that will not only reduce diversions of bank loans/advances but will deter persons involved in such sharp practices. Such loans and advances which must be on long-term basis should be extended to needy investors in the real sector. Consumer loans and also loans and advances for commerce do not play prominent role in the growth and development of the economy and thus should be discouraged. The current and on-going reforms in the financial sector should be encouraged and maintained.


Author(s):  
Irit Mevorach

This book interrogates the current cross-border insolvency regime and sets out a pattern to improve its future. In recent decades, and especially since the global financial crisis, a number of important initiatives have focused on developing effective solutions for managing the insolvency of multinational enterprises and financial institutions. This book takes stock of the varying success of previous policy, and identifies the gaps and biases that could be bridged by employing a range of strategies. The book first sets out the theoretical debates regarding cross-border insolvency and surveys the strengths and weaknesses of the prevailing method, ‘modified universalism’, synthesizing divergences into a rubric for both commercial entities and financial institutions. Adhering to these norms more robustly, the book argues, would enhance global welfare and produce the best outcomes for businesses and institutions. Drawing upon sources from international law as well as behavioural and economic theory, the book considers how to translate modified universalism into binding international law, how to choose the right instrument for cross-border insolvency, the impact instrument design has on decisions and choices, and the means to encourage compliance. In particular, the book proposes measures that could potentially overcome, or at least take into account, behavioural biases in decision-making in order to create a system that works for businesses, and offers a blueprint for the future of cross-border insolvency.


2020 ◽  
Vol 8 (2) ◽  
pp. 28 ◽  
Author(s):  
Tekeste Berhanu Lakew ◽  
Hossein Azadi

It is important to evaluate the impact of Ethiopia’s financial inclusion strategy since it has been launched in 2014. Accordingly, this paper assesses the extent to which the target has been met. The main aim of this study is to measure the success or failure of Ethiopia’s financial inclusion in comparison with other countries in East Africa. Using secondary data, this study revealed that Ethiopia’s financial inclusion is not as successful as other East African countries. This study also found that Ethiopians prefer informal saving clubs rather than formal financial organs. This preference, combined with unemployment and low income, is the barrier to the financial inclusion strategy. Based on the findings, identifying and addressing root causes should be done by removing distance, cost, credit, and documentation barriers. Moreover, the findings showed that access to public transit can also expand the reach of formal financial institutions by encouraging more people to physically access financial institutions. This study recommended access to formal financial organs as a core to financial institutions. Access to formal financial organs should be boosted through increasing financial institutions. Educating individuals about their financial circumstances were also recommended so that people can increase their formal saving uptake. This paper also recommended that the government develop regulatory guidelines for the functioning of financial institutions. The main outcome, therefore, is that financial institutions could be more transparent and predictable, reduce costs, and simplify the rules for entering the market.


2020 ◽  
Vol 5 ◽  
pp. 84-96
Author(s):  
Amir Azam

Export sector is considered as the backbone of any economy. The economy which is efficient and competitive in global market enjoys better export performance otherwise become dependence on foreign goods market. Pakistan being a developing economy faces worse export performance as compare to its past competitors and currently economy faces huge current account deficit. The current study made an attempt to check the relationship between Industrial Policy and export diversification using ARDL approach because of different integration nature of variables under consideration from 1980-2018. The findings of the study suggests that there is strong relationship between industrial Policy instruments and export diversification both in short run and long run and by enhancing strong and visionary Industrial Policies and less relying on imports, the economy can enjoy sufficient growth and diversify its export structure.


2014 ◽  
Vol 52 (1-2) ◽  
pp. 93-154
Author(s):  
Emilio C. Viano

Summary“Sharing” the Wealth? Minerals, oil, timber, medicines and now genetic wealth, all play a major role in development and all are the source of conflict, dispute and violations of indigenous peoples’ centuries-old rights. The driving force behind the relentless conflict between indigenous peoples and the waves of outsiders making forceful contact with them is the search for resources. Driven by an increasing realization that the Earth's riches are limited and at the same time by the fierce competition that globalization and economic policies have unleashed, and using increasingly sophisticated technology, both for discovery and exploitation, states and multinationals have been motivated and able to go, literally, where no outsider has gone before.The natural resources located in some of the Earth's most remote or inhospitable locations became especially available for exploitation when a number of new states sprung up in the post-World War II, postcolonial period. Elites and dominant groups, empowered to maintain security and promote trade, spurred by multinationals’ offers that they could not refuse and by international financial institutions loans and grants ”developed” natural resources, often igniting conflicts with indigenous nations. Frequently, these clashes led to the growth of the military, to arm races to ensure the monopoly on “development”, to authoritarian and corrupt regimes, and to the opposite of what was expected, increased poverty and inequality.The conflict is over the very issue of who owns the resources — a question that has been central to the rise of nationalism and the assertion of “ethnic” identity throughout the world. First Nation peoples realize that without their resource base, they have no future. They also believe that modem states, some of them relatively young, cannot legitimately claim resources that nation peoples have utilized and maintained for centuries. The manner in which this is done is also the subject of fierce disputes (e.g. damage or destruction of ancestral lands, food and water sources, way of life, income).States have traditionally received considerable help from other states and international organizations in appropriating the resources of indigenous peoples. Ironically, the improving economic conditions worldwide and the growing wealth of many in emerging economies have made this hunt and exploitation of natural resources even more urgent and seemingly legitimize it, given the increasing demand for consumer goods and technological items.Worldwide, multinational development industries help states to seize resources and put them up for sale on the world market — especially through “obvious” projects such as mining, oil exploration, and hydroelectric development.One issue is never, or at best rarely, addressed: Who owns the resources to begin with? Whose agreement is needed before proceeding? What is an equitable formula for sharing the earnings and mitigate displacement and environmental pollution and destruction? Laws introduced in the past few decades by ruling groups often deny first nations’ claims to their resources. Such laws, many indigenous groups argue, do not take precedence over their prior claims to resources. At stake are not only the issue of ownerships, but also the value of resources and who has the right to manage, extract and consume them. It is also a question of survival and identity.This work of critical criminology reviews the historical record of “exploration” and exploitation of resources showing that it is not a new phenomenon but rather a chronic situation that indigenous peoples have endured throughout the centuries. It examines the role that the state, the multinationals and the international financial institutions play in this clash over resources when indigenous peoples’ rights are often ignored, stepped upon and disregarded. It critically examines current efforts, treaties and policies meant to recognize and respect Native peoples’ rights. It shows that current measures are not truly addressing the key issues and that a concerted effort must be undertaken to change the equation and dynamics of power, dominion and use of the earth's riches.Development must be redefined, crafted and targeted in the right way taking into account and respecting all legitimate claims to the earth's wealth, especially those of the “First Nations” that have suffered throughout the centuries the impact of colonialism, racism, and wholesale theft of their riches on the part of the “developed” world.


2019 ◽  
Vol 28 (3) ◽  
pp. 89
Author(s):  
Paweł Szczęśniak

<p>The subject of this article was the analysis of the impact of a significant deterioration of the bank’s financial standing on the obligation to pay the tax on certain financial institutions. The assessment that a significant deterioration of the financial situation has occurred results in the creation of obligations and rights towards the bank not only under banking law but also tax law. On the one hand, the bank is obliged to implement a rehabilitation plan. On the other hand, the bank obtains the right to be exempted from the tax on certain financial institutions. In this respect, difficulties emerge for group recovery plans. The plans may be drawn up both for bank holdings and for cooperative banking mutual solidarity systems. The research problem discussed herein boils down to the assessment of whether a significant deterioration of the situation of one of the member banks of the aforementioned corporate structures results in the initiation of the group recovery plan. Adopting such a hypothesis means that all the banks covered by the group recovery plan, regardless of their financial situation, would be exempted from the tax on certain financial institutions. The purpose of this study was to prove the claim that the exemption from the tax on certain financial institutions applies only to banks that have implemented recovery plans due to a significant deterioration of their financial situation. In view of the directive to keep the legal order consistent and coherent, banks that have not experienced a significant deterioration of their financial situation will not be entitled to take advantage of the tax exemption. Therefore, the interpretation of the provisions of the Act on the tax on certain financial institutions must cover the objective of the exemption, namely counteracting the deteriorating situation of unprofitable operators.</p>


2015 ◽  
Vol 29 (4) ◽  
pp. 135-146 ◽  
Author(s):  
Miroslaw Wyczesany ◽  
Szczepan J. Grzybowski ◽  
Jan Kaiser

Abstract. In the study, the neural basis of emotional reactivity was investigated. Reactivity was operationalized as the impact of emotional pictures on the self-reported ongoing affective state. It was used to divide the subjects into high- and low-responders groups. Independent sources of brain activity were identified, localized with the DIPFIT method, and clustered across subjects to analyse the visual evoked potentials to affective pictures. Four of the identified clusters revealed effects of reactivity. The earliest two started about 120 ms from the stimulus onset and were located in the occipital lobe and the right temporoparietal junction. Another two with a latency of 200 ms were found in the orbitofrontal and the right dorsolateral cortices. Additionally, differences in pre-stimulus alpha level over the visual cortex were observed between the groups. The attentional modulation of perceptual processes is proposed as an early source of emotional reactivity, which forms an automatic mechanism of affective control. The role of top-down processes in affective appraisal and, finally, the experience of ongoing emotional states is also discussed.


2020 ◽  
Vol 17 (1) ◽  
pp. 56-69
Author(s):  
Aishath Muneeza ◽  
Zakariya Mustapha

Limitations of action designate extent of time after an event, as set by statutes of limitations, within which legal action can be initiated by a party to a transaction. No event is actionable outside the designated time as same is rendered statute-barred. This study aims to provide an insight into application and significance of Limitations Act 1950 and Limitation Ordinance 1952 to Islamic banking matters in Malaysia as well as Shariah viewpoint on the issue of limitation of action. In conducting the study, a qualitative research methodology is employed where reported Islamic banking cases from 1983 to 2018 in Malaysia were reviewed and analysed to ascertain the application of those statutes of limitations to Islamic banking. Likewise, relevant provisions of the statutes as invoked in the cases were examined to determine possible legislative conflicts between the provisions and the rule of Islamic law in governing the right and limitation of action in Islamic banking cases under the law. The reviewed cases show the extent to which statutes of limitations were invoked in Malaysian courts in determining validity of Islamic banking matters. The limitation provisions so referred to are largely sections 6(1)(a) and 21(1) Limitations Act 1953 and section 19 Limitation Ordinance 1953, which do not conflict with Shariah viewpoint on the matter. This study will prove invaluable to financial institutions and their customers alike in promoting knowledge and creating awareness over actionable event in the course of their transactions.


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