Friday, November 22, 2019
Factory, Industry, and Plant
Factory, Industry, and Plant Factory, Industry, and Plant Factory, Industry, and Plant By Maeve Maddox An ESL speaker asks for a discussion of the nouns factory, industry, and plant in the context of the following: ââ¬Å"mineral water factory,â⬠ââ¬Å"mineral water industry,â⬠and ââ¬Å"mineral water plant.â⬠factory An earlier meaning of factory was ââ¬Å"the employment, office, or position of a factor.â⬠A factor, as in the word cornfactor, is ââ¬Å"an agent who buys and sells, or transacts other business, on behalf of another person or company.â⬠In the context of manufacturing, a factory is ââ¬Å"a building or range of buildings for the manufacture or assembly of goods or for the processing of substances or materials.â⬠The earliest OED citation of this meaning of factory (1618) refers to a facility for the printing and manufacture of books. industry The noun industry has several meanings. The relevant definition in this discussion is this one: A particular form or sector of productive work, trade, or manufacture. In later use also more generally: any commercial activity or enterprise. Also with modifying word indicating the type of activity or principal product: banking industry, car industry, film industry, heavy industry, service industry, tourist industry, etc. plant The noun plant has numerous meanings, but in the context of manufacturing, plant is often a synonym for factory: the premises, fittings, and equipment of a business; a factory, a place where an industrial process is carried out. In extended use: the workers employed at a business, institution, or factory. ââ¬Å"A mineral water factoryâ⬠can describe a place ââ¬Å"for the processing of mineral water.â⬠Perhaps more commonly, such a facility is called ââ¬Å"a bottling plant.â⬠The phrase ââ¬Å"mineral water industryâ⬠connotes all the commercial activity that goes into the acquisition, preparation, and sale of mineral water. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:"Based in" and "based out of"How to Punctuate Descriptions of Colors75 Synonyms for ââ¬Å"Hardââ¬
Wednesday, November 20, 2019
Schools and society 601.4.4-10 Essay Example | Topics and Well Written Essays - 500 words
Schools and society 601.4.4-10 - Essay Example Show them a Saree from India and a Kimono from Japan. Explain that USA brings out the best in everyone. Ask children if they know where President Kennedyââ¬â¢s family originally came from ? Tell them they came from Ireland and he was the first Irish-American President of the US. Arnold Schwarzenegger, the Governor of California and former film actor is an Austrian American. Show picture of ââ¬Å"melting potâ⬠(Villager, 2006) and explain how different cultures have created the uniqueness that is America. Explain that, in a melting pot, cultures blend together to form a smooth and consistent whole ââ¬â with contribution from each. Then show a picture of ââ¬Å"tossed saladâ⬠. A tossed salad is also made of many components and forms a complete whole. Ask students how a tossed salad is different from a melting pot ? Explain that, in a tossed salad, each community is a seamless, well-fitted part of the whole where individual beauty of their own culture is also preserved. Give example of lettuce in the picture which is part of the salad but still distinctively identifiable. Read excerpts of the American adaptation of Korean story ââ¬Å"The Tiger and the Dried Persimmonâ⬠by Janie Jaehyun (2002). The folk tale shows the strength of speaking oneââ¬â¢s mind and being fearless. Ask students if they liked the Korean folk tale and if they know where Korea is and whether they have any Asian friends. Ask students if they know that many words spoken in English today were originally brought to our culture and English language from different regions of the world ? Give examples of Hurricane (Spanish), Algebra (Arabic), Fajita (Spanish), Bazar (Urdu), Cent (Latin ââ¬â French, Italian, German). Speak a little about these countries and their citizens who have made their home in the US. Explain to students how cultures bring languages and words together making it easier for us to understand new
Tuesday, November 19, 2019
Financial Management Degree Case Study Example | Topics and Well Written Essays - 3250 words
Financial Management Degree - Case Study Example As the acquirer buys another company and pays cash to the target's shareholders, the bidding shareholders would be able to retain the same level of control in the company because their equity proportion is not diluted. To some shareholders, retaining the level of control over the whole entity after the target company has been acquired is one of the major considerations (McDougall & Chenhall). Another advantage of cash purchase to the bidding shareholders is that is is simple and straightforward. A cash offer would be more likely attractive to the target's shareholders especially when economic times are not so predictable, therefore the acquisition deal would prove to have higher success. A major disadvantage to the acquirer would be the huge sum of cash that it has to raise in order to fulfil the deal. While it is less likely for a company to raise such a huge amount of cash from its retained earnings, it is necessary for the company to raise it through other means, such as by incurring debt. The dilution of the capital structure of the company through higher debt, which affects its risk and credit rating, is a major disadvantage. If the company already has a high amount of debt, the acquirer's shareholders would find that the huge amount of debt to raise cash and pay for the acquisition would erode the company's credit rating, and would increase the risk of each share that they hold. From the point of view of the target's ... B. Shares exchange Another form of merger financing is shares exchange. Instead of paying cash, the acquiring company can issue more shares for the target's shareholders in exchange for the shares that they hold in the target company. From the point of view of the acquirer's shareholders, shares exchange is beneficial in such that the company would not have to be burdened to raise a huge amount of cash through other financing means such as debt, which could put pressure and increased risk on each of the shares they hold. The company's liquidity position would not be compromised in the process (McDougall & Chenhall). Shares exchange have been so attractive during the past decades because of its impact on the acquirer's price/earning ratio. If the target has a low p/e ratio, the acquirer can take advantage of it by issuing one share equivalent to more than one share of the target's. This can have a significant impact on the acquirer's own p/e ratio. However, one major disadvantage of shares exchange to the acquirer's shareholders is the dilution of equity due to the issue of more shares, which leads to the dilution of position and lower level of control over the company. With shares exchange, the target's shareholders will not incur capital gains tax because no immediate sale of shares has taken place. If the target's shareholders sell their new shares in the acquiring company, that is when they pay the capital gains tax. This is one of the advantages. Another advantage is that the target's shareholders will be able to maintain a position in the new combined entity. One disadvantage to the target's shareholders would be that, if the acquiring company fails to generate
Saturday, November 16, 2019
Team Work Essay Example for Free
Team Work Essay Teamwork is the concept of people working together as a à to achieve the underlying objectives of the organization. TheTeam must have a clear vision of each of these short-term milestone goals as well as their impact on the long-term business goals of the organization. In many organizations today people working by themselves in achieving the overall objectives of the organization cannot accomplish certain goals and usually require people to work together with others due to its complexity, interrelatedness and the voluminous of the tasks undertaken. In fostering there is no one individual who owns a work area or process all by themselves, people should be open and receptive to ideas and input from others in the Team . The values of teamwork should be shared among the members of the team while compensation and rewards should depend on collaborative practices as much as individual contribution and achievement. It is important to identify à and thereby set a benchmark to the rest of the teams. However before embarking on , conflicts of all kinds should be resolved within the organization. Apart from the required technical expertise, a variety of social skills are essential for success in aTeam culture. The Forming-Storming-Norming-Performing model (Bruce Tuckman, 1965) takes the team through four stages of TEAM development. These phases are essential and inevitable in order for the team to grow, to face up to challenges, to tackle problems, to find solutions, plan the work effectively and deliver the end results. However there is a need to establish and develop collaboration and trust between team members vis a vis interactive exercises, team assessments which will enable teams to cultivate effective team building strengths amongst each other. Modern society and culture continues to become more dynamic and the factors contributing towards this include the communications revolution, the global market, specialization and division of labor. Thereby individuals are now required to work with many different groups of people in their working environment and also the personal lives. Successful Team that creates effective, focused work teams requires attention to the following areas mentioned in Figure A. à Empowerment is the process of giving an opportunity or authorizing an individual to take decisions, think creatively and have a control of his/her duties in an organization. It is the responsibility on the organization to create a work environment, which helps the desire of employees to act in empowered ways. Top management of organizations has a very important role to play in making employee empowerment successful. Initially the managers need to understand what empowerment really means; and thereby establish boundaries for empowerment, in the event of the managers absence, the decisions that could be made by staff members should be clearly defined; Managers should also build faith and trust on their decisions made by their employees; further managers should coach, train and provide necessary information and learning opportunities for staff to make effective decisions. They should tackle situations wisely and not blame or punish their staff for minute mistakes to avoid employees flee from empowerment, The organizations should ensure that they remove barriers that limit the ability of staff to act in empowered ways. Employees should be motivated in terms of compensation, recognition and responsibility in order to drive success of empowerment. The Flow Chart below depicts the increasing role for employees and decreasing role for supervisors in the decision making process in todayââ¬â¢s context. The supervisor makes the decision and cascades it to the staff The supervisor makes the decision and obtains commitment from staff The supervisor invites ideaââ¬â¢s into a decision while retaining authority to make the final decision The supervisor invites employees to join him/her in order to make the final decision The supervisor delegates to another person to make the necessary decisions. This is only where empowerment steps in. à British American Tobacco (BAT) came into light with one objective; to seek market leadership in all countries where a market existed. BATââ¬â¢s expansion to Ceylon was in 1905. Ceylon Tobacco Company (CTC) Limited continued itââ¬â¢s Sri Lankan operations and was incorporated in 1932. Between years of 1990 ââ¬â 1994, a self assessment was conducted and CTC identified the following lacunas such as lack of overall direction, lack of awareness on business issues, discontinued management team, departments functioning in isolation and in disciplined environment. After which the management identified Key initiatives and actions such as knowledge management, people involvement, culture change, gaining confidence of unions/employees and improvements in productivity via practicing concepts of Teamwork, industrial harmony etc. During the period 1995 ââ¬â 1996 CTC focused on building Trust within the company employees by adapting Teamwork throughout the organization, extensive training for shop floor employees, common time entry system, common recreation facilities, common social events etc. During 1997, shared vision and mission with focus business strategy, re-engineered business processes, multidisciplinary cross functional project teams, extensive training and education, creation of a winning culture, industrial and non industrial benchmarking and focus on continuous improvement.
Thursday, November 14, 2019
Roman Law :: essays research papers
Romans did not have very complicated laws but when they were broken there was very heavy punishment. Roman laws influenced most of the laws we have now and most of the laws of other countries. Americaââ¬â¢s court system was modeled around the Roman court system. They had upper courts and lower courts and that was what built our strong court system now. One thing that we did not take from the Romans is the right to be a Citizen. In Rome there were very strict class systems and they were classified greatly by clothes, shelter, and seating at the games. The word citizen for them meant that you had to be free and lived in Rome. The class system was always followed no matter what. You could move up from your rank in society but then you would have to work really hard and it was not easy because people would still look at you as a low class. The class systems from highest to lowest were the senators, councilmen and their families. Then came the regular middle class citizens, next were the Plebeians who were very poor but not slaves and last was the slaves who owned nothing at all not even the clothes on their back because it all belonged to their master. Therefore, if slaves were caught running away they were brought upon charges of theft for stealing themselves and their masters clothing. Stealing held a very heavy punishment and that punishment was always upheld. The punishment was capital punishment and all of this was done to teach them a lesson. Some say the Romans had a very strange way of doing things but, the way their country was setup most of their laws were necessary for them. à à à à à All of this got started with the Twelve Tables of Rome. Which were much like the Ten Commandments except man made them up. They were engraved into Bronze tablets and made up by ten Roman Magistrates around early 450 BC. The laws were really made to please the Plebeians because they complained that they didnââ¬â¢t get any rights because the laws were never written down and were often changed. After this the Plebeians could no longer be fooled because the Twelve Tables covered all aspects of the law briefly stating the crime and then the punishment. This was where the court system came in because the courts were the ones that had to follow by the Twelve Tables and there was no way to cheat the Plebeians because the laws were in the main Forum hanging up for those purposes.
Monday, November 11, 2019
Emma Woodhouse and Mr. Woodhouse Analysis
Both Emma Woodhouse and her father have a good deal of sway over the lives and affairs of the other members of their community. In the first scene of the book, we learn that Mr. Woodhouse finds homes for maids in other households, while Emma does essentially the same for her acquaintances, in attempting to pair them off with husbands and wives. The narrator presents this overzealous concern for other people's well being as an entirely harmless characteristic, in Mr. Woodhouse at least. While his intrusions into the personal lives of even non-family relations and frequent effusions of worry are bothersome to readers and characters alike, Mr. Woodhouse never actually does anyone the slightest bit of real or lasting harm. Read also Analysis of Characters in Flannery Oââ¬â¢Connorââ¬â¢s ââ¬Å"The Life You Save May Be Your Ownâ⬠Even Mr. John Knightley cannot stay mad at him for very long. Emma, on the other hand, is capable of doing real personal damage, and her wilful intrusions into the lives of her acquaintance are presented as arrogant presumption ââ¬â her character's major flaw: ââ¬Å"The real evils of Emma's situation [are] the power of having rather too much of her own way, and a disposition to think a little too well of herself. â⬠(4) The key difference between her acts of presumption and those of her father is that she has a stronger will and mind than he. Her actions are therefore not only more harmful to others but also more conscious and deliberate. Though she may, like her father, be acting out of good intentions, she is fully aware of the ways in which she manipulates. Emma not only sees that she is molding Harriet's weaker mind, she understands how best to do it. If awareness makes her more responsible for her actions than the fumbling Mr. Woodhouse, it also increases the distance she has to fall when she acts irresponsibly. Because Emma's station is the highest in her social circle, her machinations go largely unchecked, but for the rebukes of Mr. Knightley. The standard of goodness in the book and its moral compass, Mr Knightley's criticism is the narrator's way of alerting us to Emma's faults. After all, social protocol forbids anyone else from attempting such criticism. The fact that Knightley practices great forbearance with Mr. Woodhouse but takes exception to most of Emma's doings highlights the differences in each charact er's culpability. In short, Mr. Woodhouse is excused because he cannot help his effrontery, while Emma is not because she can. The distinction is related to each character's flexibility: Mr. Woodhouse is the most stagnant character of the book, while Emma is the one most capable of growth. Given Mr. Woodhouse's profound fear of change, it seems pointless to try to mend his flaws at this late age. Emma however, possesses the mental and spiritual instruments, which, applied correctly, and could bring her to a near-perfect existence, elevating her actions and awareness to a par with her social status. The work of the novel, and of Mr. Knightley himself, is to instil in Emma the humility that she lacks and help her evolve so as to become worthy of him, not only socially but also morally. The book's final ââ¬Å"happy unionâ⬠(448) is a sign that Emma has achieved that end. Unlike Emma, whose vibrancy of person and strength of intellect substantiate her claims to social prowess, Mr. Woodhouse's power derives solely from his landed status. In Emma and Knightley's first conversation, we are told that Mr. Woodhouse understands ââ¬Å"but in part;â⬠(5) as a person and a character he is static, lacking in awareness, and defined wholly by his limitations. People defer to Mr. Woodhouse's fortune and subsequent social standing rather than his intellect or any belief in his being right. The hypochondriac worries that he imposes on others are rarely given any credence because Mr. Woodhouse is never perceived as capable of solid reasoning. In fact, common sense almost always stands in opposition to Mr. Woodhouse's concerns. The likelihood of anyone getting trapped at Randall's on Christmas Eve because of half an inch of snow is not particularly high, yet the party is broken up early all the same. Everyone is quick to do Mr. Woodhouse's bidding, no matter how silly the cause. Such power, to make people act entirely counter to their own sense of reason, could be dangerous if put into more potent hands. Luckily Mr. Woodhouse would never deliberately manipulate anyone; in fact, he is shown to be quite harmless. In expressing his personal displeasure at his daughter Isabella's going to a particular seaside resort, he actually twists the truth, ââ¬Å"attributing many of his own feelings and expressionsâ⬠(99) to Mr. Perry. However, the narrator is emphatic in noting that this is done ââ¬Å"unconsciously. â⬠And even when Mr. Woodhouse is conscious of trying to prevail upon others, he affects no real damage. He is constantly trying to get other people to take a basin of gruel with him, but Isabella is the only one who ends up complying. When Mrs. Bates and Mrs. Goddard come to keep Mr. Woodhouse Company during the Coles' party, his power as host is actually trumped by Emma's. Against his wishes, she sees to it that all of their guests are well fed, with as much cake as they desire. Emma, like her father, enjoys a social dominion of fortune and station but joins it with a real superiority of intellect. Situations like the gruel debate point up the inversion of the traditional family structure at Highbury, in which the daughter's authority exceeds the parent's. Emma takes care of her father, and the book's only other mother-figure, Miss Taylor, has become more like a friend than a parent, at least at the point where the story picks up: ââ¬Å"The shadow of authority being now long passed away,â⬠Emma does ââ¬Å"just what she like[s], highly esteeming Miss Taylor's judgement, but directed chiefly by her ownâ⬠(1). Beyond the smaller family unit, there is no one but Knightley to challenge Emma's reign. She is at the highest spot on the social ladder, as indicated by the name of her estate, Highbury. Her peers are all inferior, in status as well as quickness and depth. Harriet is entirely vapid; she can ââ¬Å"sit, without any idea of anything in the world, for full ten minutes. â⬠(163) And although Emma may mistake the direction of Elton's gallantry, she sees right through it: there is ââ¬Å"a sort of parade in his speeches which was very apt to incline her to laugh. (46) Even in comparison to her sister, Emma has the ââ¬Å"stronger hand. â⬠(241) In truth, Emma is wholly worthy of most of the praise bestowed upon her throughout the book. The most obvious example would be her ââ¬Å"ready wit,â⬠(66) which Mr. Elton cites in his charade. The obvious problem with Emma's ready wit, though, and all her other powers, is that they are so often put to bad use. Where Mr. Woodhouse's social power is always proved to be harmless, Emma is the one with the potent hands that can at times wreak havoc. At the party at Box Hill, Emma ââ¬Å"cannot resistâ⬠(342) making a derisive comment to Miss Bates, simply because it is too ââ¬Å"cleverâ⬠to be kept in. The sole extenuating circumstance here (though it is one based on Emma's arrogance) is that she may not have anticipated its full effect ââ¬â ââ¬Å"I dare say she did not understand me. â⬠(346) But Emma's misuse of her own power of understanding is evident. The remark is both consciously derisive and deliberately aimed, and the evident pain it causes Miss Bates brings home the reality that Emma's understanding at that moment has become more limited than Miss Bates'. Moreover, the impact of the harm extends both beyond the present moment and beyond the single personal relationship, revealing that unlike her father, Emma has the power to do real lasting damage. Miss Bates tries to hide when Emma next comes to visit, and it will take a while to repair their rapport. The event also affects the larger public sphere. As Mr. Knightley notes in his later reprimand, Emma's comment was made in the presence of others, ââ¬Å"many of who would be entirely guided by your treatment of her. (346) In this social order, people who esteem the judgment of those superior in station use it as a model for their own. Not only has Emma spoken cruelly to Miss Bates, she has set up a standard of treatment which others may choose to follow. People cater to Mr. Woodhouse because they respect him, but they use Emma as a model because they take her opinion very seriously. Where until now Emma has been seeing power in terms only of its perks, the ripple effect of even a singl e lapse of judgment highlights the responsibilities that go with social power. The moment is an important turning point in Emma's progress of self-transformation. Knightley's earlier reprimand, ââ¬Å"Better to be without sense, than misapply it as you do! â⬠(51) targets this larger responsibility that Emma has been both too young and too blind to see. (As an interesting side note, the movie version of Emma actually has Knightley and Emma shooting during this scene, and while Knightly delivers this comment his arrow hits a bull's-eye. ) The most striking example of Emma's misapplication of sense ââ¬â along with her most deliberate act of manipulation ââ¬â appears in her treatment of Harriet. Emma literally tries to create Harriet, forging explanations of her parentage and painting portraits in which she alters Harriet's body structure. The craftsmanship of this artistic aspect of her assumed role is highlighted by Knightley's recognition, ââ¬Å"she really does you credit. â⬠(53) As pointed out in lecture, Emma even plays the literal puppet-master, using a set of strings, her bootlaces, to direct the scene when she and Harriet run into Mr. Elton after visiting the poor family. Emma presses on with her schemes despite the many clues that contradict her understanding. Whenever circumstances displease her, she creates explanations in her head that run contrary to her own sense of reason, yet accepts them all the same. When Mr. Elton's behaviour does not fit that of a lover, Emma makes various excuses for him, laughing at his description of what she presumes to be Harriet's ââ¬Å"ready witâ⬠but attributing such an ill-judged compliment to the consequence of his being ââ¬Å"very much in love. â⬠(66) Even when Mr. Elton himself tries to clear up the confusion, in the scene in the carriage, Emma attempts to convince them both that he is hopelessly drunk. Perhaps Emma's most blatant self-deception is her heedlessness of class and birth differences between Mr. Elton and Harriet: ââ¬Å"You and Mr. Elton are by situation called together; you belong to one another by every circumstance of your respective homes. â⬠(68) This statement could not stand in starker contrast to the acute, even over-conscious sense of social standing, which Emma displays throughout the rest of the book. She revolts at the idea of a union between Jane Fairfax and Mr. Knightley, but wilfully ignores the same obstacles in her matchmaking of Harriet and Mr. Elton. Emma presumes to know what is best for other people, and in pursuit of her slated end goal will even act contrary to her (often accurate) perceptions of their feelings. When she writes Harriet's letter of refusal to Robert Martin, (an intrusion in itself,) Emma senses that ââ¬Å"if the young man had come in her way at that moment, he would have been accepted after allâ⬠(50) ââ¬â yet she seals and sends it all the same. The comment testifies not only to Emma's consciousness of Harriet's true feelings, but to her arrogance, in deferring to her own judgment of Harriet's best interests rather than to Harriet's. The fact that Harriet ends up happily, but in exactly the same place that she started, is the narrator's way of putting Emma in her place. As in the encounter with Miss Bates, the gap between Emma's self knowledge and the perspective we are given on her suggests the conclusion that the proper sphere for exercising human judgment is on one's personal shortcomings instead of on anyone else's. What is most ironic about Emma's many social blunders is that, apart from Mr. Knightley, she has the deepest social consciousness of anyone in the book. Emma has a truly devoted sense of responsibility to her father, cares deeply for her family and friends, and is constantly smoothing over various social rifts that only she can foresee and repair, like those between her father and John Knightley. Readers understand the great possibilities that come with Emma's characteristic awareness ââ¬â we see the possibilities for a perfection which goes beyond the mere appearance of perfection introduced in the first line of the book ââ¬â and it is this consciousness that makes Emma's blunders seem all the more blind and regrettable. The turning point of the book is when Emma's awareness begins to work to her advantage ââ¬â when she starts to become more aware of herself. Emma's ability to reflect and feel powerfully is what fuels her self-transformation once she directs that power inwards to observe her own heart instead of outwards to mold other people and events. It takes only the right catalyst, namely Mr. Knightley, for Emma to become able to realize her own wrongdoing. She responds to his reprimands about her treatment of Miss Bates, not with the defensiveness of someone truly arrogant but with ââ¬Å"anger against herself, mortification, and deep concern. (347) A similar moment of realization and self-chastisement comes at the first big climax of the book, when Emma learns of Harriet's love for Mr. Knightley and realizes her own: ââ¬Å"with insufferable vanity had she believed herself in the secret of everybody's feelings; with unpardonable arrogance proposed to arrange everybody's destiny. â⬠(3 83) Emma proves herself capable of the character revolution which her father is not when she gives up her own pretensions to judge the best interests of others. The fact that it is Knightley who sparks Emma' reformation of character might seem to give ultimate power to him rather than to Emma herself. After all, his intrusion into her personal life ends up being the most positive force of the book. But it is important to keep in mind that Knightley is only a catalyst, a stand-in for the author's criticism of Emma's flaws, while Emma shares something like the role of the author herself. Like the playwright or novelist, she learns through trial and error the limitations of power exercised in trying to create and dictate the course of other people's lives.
Saturday, November 9, 2019
Price Rise
PRICE-RISE This is one topic in which I do not have to think before writing an article. The recent price rise in the essential commodities has hurt the common man where it hurts the most. The prices of onion , tomatoes, pulses have skyrocketed which adds flavor to the otherwise normal lifestyle of below average Indian. The above statement is a sarcasm in itself, but its necessary to show the grave situation which the normal citizens of this country are facing in the normal time.The prices of pulses which is nearly a staple diet for most of the country has risen to a large extent from the last 2 years. This may be due to less area under production for pulses in country or less per hectare yield of pulses or growth in demand. But the apathy is that there is no supportive government policy which could have helped India to raise the pulses production by giving more incentives to the farmers growing pulses, reducing loses to the intermediaries.One more benefit of higher pulses production is it takes less of nitrogenous fertilizers and is essential for regular wheat rice fields. The prices of onion has risen nearly 300% or more in the last month. The first reason is inefficient government policy which do not foresee demand supply situations, since onions are perishable quantities. The recent unseasonal rains in Nasik area has destroyed 10% of the crops, but still the quantum of price rise cannot be substantiated. The major culprit here is no control over the last leg of supply chain i. retailers , they are having the profit margin of more than 50% . They are speculating on the deficient supply and holding the common man on ransom. Moreover in India expert was stopped at a much later stage , which led to the spike in prices for the first instance. The rest and the last reason which is common to all, I would discuss in the later part of the article. There is another factor which is at play in high inflation rates across the commodities and it is ever increasing rates o f petrol and diesel.The common plea given by the government to the people of India during every rate increase is rising international crude prices, But they should first answer why there is double taxation by center and state on sale of petrol and diesel. My first question to the respective governments is why cannot these duties be reduced, so that atleast the transportation cost for the common commodities is reduced. Now let us come to the contentious issue which is common to all the commodities price rise and bone of contention between the government and opposition parties that is forward trading.Now some people will criticize me of knowing very little of the commodity trading, but my only point is why do you need speculative trading on the essential commodities, when you could have such trading on nearly each and every finance vehicle like equity shares, currency exchanges etc. The forward trading increases the speculation in markets and people who are really not in the supply ch ain of these commodities get into it and unnecessarily disrupts the chain leading to disparity in normal price mechanism of these commodities.Similarly prices of milk and other commodities could be discussed singly, but I just want to make a point that a concerted serious action is required for dealing the situation as it is hurting the foundation of common man economics in India. All the arms of government machinery, NGO's, common man should make an effort to discuss this problem and devise solutions which are practical and pragmatic in nature. Well I am doing my part by writing and publishing this article on net, so that our online community is more educated on the topic which is raging in India currently.
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