perception on suggestion scheme. Introduction:- Suggestion scheme is a formalized mechanism which encourages employees to contribute constructive ideas for improving the organisation in which they work. The overall aim is to gather‚ analyse and implement ideas in order to create results that have a positive impact on the business and/or deliver new value to customers. There are two approaches to the suggestion scheme * Traditional approach-which
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VARIOUS SCHEMES IMPLEMENTED BY KVIC I. THE MARKET DEVELOPMENT ASSISTANCE (MDA) ON PRODUCTION SCHEME Khadi is handspun and hand woven cloth made by around a million traditional rural artisans. Handspun and hand woven characteristic is the unique selling proposition of Khadi. Govt. of India has been providing sales promotional assistance‚ popularly known as rebate on the retail sale value of khadi in order to facilitate the product to compete with other textile products in the market. The rebate
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Assessment Record Candidate: Qualification: PTLLS Level Unit 008 1.1 Summarise key aspects of legislation‚ regulatory requirements‚ and codes of practice relating to own role and responsibilities. A role is: The function assumed or part played by a person or thing in a particular situation A responsibility is: the state or fact of having a duty to deal with something or of having control over someone The two statements above describe‚ in their more simplistic
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I would like to discuss the Post with some basic concepts based on the research about the "Classic affinity scam" or "Ponzi Scheme" also called as "Madoff Investment Scandal".This Scam was estimated worth of $64.8 Billion which resulted in collapse of Investments in the global community and effected from the prominent celebrities to the veteran pensioners. Bernard Madoff the founder of Bernard.L.Madoff Investment securities LLC in the early 1960’s was it chairman and also had some prominent positions
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Sahara and Ponzi schemes: What are the parallels? Dr KM Abraham‚ a former Whole-Time member of the Securities Exchange Board of India (Sebi) – the man whose original order led ultimately to a Supreme Court verdict forcing the Sahara Group to wind up two bond schemes and repay investors over Rs 24‚000 crore – made a brief allusion to Ponzi schemes in his order. While ordering two Sahara group companies‚ Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC)
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-1- Voluntary Retirement Scheme (VRS) for the employees of Public Sector Undertakings. 1. SHORT TITLE: (i) (ii) (iii) 2. OBJECTIVE: (i) (ii) (iii) 3. This scheme may be called the Punjab State Public Sector Undertakings Voluntary Retirement Scheme (VRS) 2002. This scheme shall apply to all the Public Sector Undertakings (PSUs) including all Cooperative Institutions of the State of Punjab. This will apply to the Subsidiaries of the PSUs defined as entities in which PSUs
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assurance and on-going development of best practice. 1.2 The five key concepts and principles of the assessor‚ known as SCARV are defined by‚ having SUFFICIENT evidence to assess‚ enusuring the evidence is CURRENT and up to date; it is AUTHENTIC work done by the candidate‚ is RELIABLE and VALID. This can be obtained in various ways and include documented‚ audio and visual evidence. 1.3 It is the Assessors responsibility to plan assessments with the student‚ make accurate judgements against agreed
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Pyramid schemes are very harmful towards investors‚ and are hard to watch out for unless you know exactly what they are‚ why they fail‚ the effect of the failure‚ common victims‚ how to avoid them‚ and how to prevent them from spreading. More individuals are hurt than are helped when dealing with these scams. Individuals should be more informed about pyramid schemes‚ because they can be easily disguised. Participating in scams‚ will more than likely lead to a loss in money. “A pyramid scheme is a get-rich-quick
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A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors‚ rather than from profit earned by the individual or organization running the operation. Objectives We learn how it started. We learn the key elements in running a Ponzi scheme. We learn how big a Ponzi schemes can get. We learn how a Ponzi scheme falls apart. We learn how to identify and avoid being involved in a Ponzi scheme.
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Exercise 1: Bernard Madoff‘s Ponzi Scheme (i) Background of man involved (concern) in the case: Bernard Madoff was a former Chairman of the NASDAQ Stock Exchange‚ a Wall Street legend before his arrest. (ii) Ethical issues: In 2008‚ during the economic meltdown in the United States‚ Madoff could no longer honor his investor’s cash requests. When he admitted to this Ponzi scheme‚ it was a massive investment fraud that had affected many people including high profile investors. He pled guilty
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