The Role Of Zara As A Brand Commerce Essay

The Role Of Zara As A Brand Commerce Essay Zara is a style brand from the place of Inditex SA, of Spain, which is one of the main design retailers of the world. Zara began its retail tasks for the in 1975, with its first store opened at La Coruna in Galicia, Spain. By and by this is the administrative center of Zara. Zaras retail activity presently reaches out to around 650 stores working in 50 unique nations. In the course of the most recent five years Zaras deals has expanded at a consistent pace of 25% and Zara as a brand adds to about 80% of the companys complete benefits. There are questions that pull forward the requirement for this exploration to be attempted. A portion of these inquiries would be that when most style retailers revealed negative yearly benefits because of the worldwide financial downturn, how has Zara had the option to persistently build its productivity? What are the systems utilized by Zara? What are the quality control checks utilized by Zara? How adaptable is Zaras plan of action lastly what does Zara follow to keep up its high piece of the pie and simultaneously rival other design retailers? Zara centers around the attire business more as an utilization showcase instead of being a product advertise. Subsequently Zara centers around speed and hence takes a gander at constant decrease of reaction time. Thus to accomplish this Zara has a successful vertically coordinated gracefully chain which is firmly incorporated with the clients. It is from here that the most recent patterns in style are distinguished and the articles of clothing are created as needs be and conveyed to stores inside a time of about fourteen days. . 1.3 Competitive Priorities of Zara: The recognizable serious needs on which Zara has developed its fruitful plan of action are as per the following: 1.3.1 Fast speed of creation: Zara can change a style idea and spot finish items in the stores inside a time of about fourteen days. Zara has committed groups at stores which permit the retailer to get originator affected items at an exceptionally fast pace inside the stores. 1.3.2 Variation of Production: Zaras esteem chain involves individuals who committed work intimately with clients in spotting new patterns of interest in style. They can dispatch new patterns, plans and variety of items. 1.3.3 Cost Leadership: Zara produces popular scope of items at a reasonable estimating. When contrasted with different rivals in the equivalent vital gathering, Zaras items are valued lower than GAP and Benetton. The primary reasons because of which Zara can accomplish cost authority is on the grounds that they keep a low degree of stock in stores. Their effective appropriation framework permits them to get items in the store without a moment to spare. Because of which Zara has a high yearly stock turnover. 1.4 Applying Porters Generic Strategy: On use of Porters nonexclusive technique it has been seen that Zara takes a gander at the wide extent of the market. Zara utilizes a mix of separation and in general cost authority. The capacity to create distinctive scope of style at a quick pace is the separating component of Zara that gives them a high feasible upper hand. Generally speaking cost administration is accomplished through the vertically incorporated gracefully chain that Zara has. Because of the productive flexibly chain, Zara can accomplish a high stock turnover and simultaneously keep up a low degree of stock in stores. 1.5 The act of Total Quality administration and its usage in Zaras vertical gracefully chain: 1975-1995: Since its origin in 1975 till 1995 Zara has followed the strategy for assessment so as to keep a mind the nature of its items. Zaras structuring group has worked intimately with clients and have invest their energy in detecting the most recent patterns sought after. A moment sketch of the plan has been dissected and the as needs be delivered. The quality control groups at Zara reviewed the structures before putting them in stores. 1995 till date: After 1995 Zara has executed the act of Total Quality administration. In this training Zaras vertically incorporated flexibly bind attempts to accomplish Continuous Improvement of their procedures, which incorporates spotting of the style patterns, structuring, and acquisition of their materials, the CAD innovation they use for planning, their improved stock administration lastly their unified coordinations and conveyance framework. Every one of the parts of the gracefully chain process has been clarified beneath. From the part of workers, Zara contributes a great deal on the inspiration of representatives. They chiefly employ youngsters who are imaginative and can comprehend the most recent patterns of design. By and large these two viewpoints are utilized to accomplish significant level of consumer loyalty. 1.6 Supply Chain View of Zara: As indicated by McMillan and Mullen (Operations Management Volume 2: 2002), the reason for SCM is to incorporate all errands related with the bi-directional progression of materials, data and fund into composed, intelligible, oversaw forms so as to give start to finish the board and control. One of the vital models that help this view is the Supply Chain Management in Zara. 1.6.1 Design and Production: Zara utilizes simultaneous planning process which coordinates individuals from the whole association structure in making its plans for style. This incorporates individuals from the acquisition group, fashioners, advertise pros lastly inputs acquired from deals administrators and senior supervisor. The normal age of the structuring group is 26 years. These planners recognize the most recent patterns from various sources, for example, design shows, magazines and exchange fairs. At that point they make a sketch of the structure and these plans are counseled upon by various individuals from the obtainment and creation divisions. Just 25% of the absolute number of ideas are acknowledged and really executed. Zaras business forms are coordinated and cross practical groups work over all procedures. Because of this there is a quick progression of data which lessens the dynamic time and thusly the lead time. 1.6.2 Procurement: 60% of the items delivered by Zara are by their own production lines. Zara has around 25 processing plants over the world and the majority of the plants run on a solitary move premise. Along these lines Zara has unutilised limit which they use for speedy reaction to increment in occasional interest. Because of this Zara can change their items rapidly to the stores in any event, when the interest is high. In spite of the fact that the structure and mechanized assembling is finished by Zara in house, a large portion of the work concentrated exercises are re-appropriated to lessen generally speaking expense. 1.6.3 Information Systems: Most of the structures created are finished utilizing CAD. This is a significant purpose behind creation the assembling procedure quick. Aside from this ZARA puts impressively on innovation so as to help in the progression of data. Zara senior supervisors gangs hand held PDA which they use to send data, for example, marketing projections, request setting and client input to the administrative center in La Coruna. In light of this structuring group affirms the plan and sends them across to assembling units wherein CAD is utilized to fabricate the items. 1.6.4 Inventory Management: Zara renews its stock from one of its 650 stores at any rate two times per week. Anyway the stock amounts are restricted with the goal that they guarantee not to convey overabundance stock. On record Inditex has minimal stock as a level of yearly deals when contrasted with Gap, which is its nearest rival. 1.6.5 Centralized Logistics and Distribution: Zara has an incorporated appropriation unit that works from its administrative center in La Coruna. Zara utilizes all modes transportation for shipment in particular trucks, prepares and even planes now and again. Trucks are stacked according to the particular request at night and they are dispatched around evening time at a particular time. 1.7 Employees at Zara: Employees at Zara is one of the primary explanations behind the viable fast reaction arrangement of Zara. The HR arrangements spin around elevated level of worker inspiration. Zara puts stock in employing youthful and imaginative individuals. Representatives are Zara are given comprehensive preparing over all ranges of abilities and they are likewise given high motivating forces. These practices spurs representatives to showcase the brand Zara adequately. 1.8 Value Chain structure of Zara: Based on the above examination a worth chain outline work of Zara is given beneath: 2. A relative investigation of Zara with Benetton: 2.1 Introduction to Benetton: The Benetton brand was built up in the year 1966 by Luciano Benetton as an Italian design brand that produces wide exhibit of hued garments. The Benetton bunch has 150 million pieces of clothing turning out of their stores and they have a mammoth number of 6000 contemporary stores around the world. 2.2 Operational Control: Since its origin, until 2004 Benetton had a brought together creation and circulation framework. It additionally did assessment of its items and quick quality checks from 1980 to the mid 2004. Anyway in 2005 the control has gotten decentralized and Benetton now follows the Total Quality Management rehearses in its whole worth chain. 2.2.1 Continuous Improvement in the Production Process: Benettons creation framework had experienced a significant change in the year 2005. It advanced from an association dependent on divisions, for example, fleece and cotton, to a structure dependent on administration units, for example, arranging and quality control. The new creation framework is adaptable, and it incorporates all the partners in the worth chain. Along these lines it helps in lessening item conveyance time and it likewise upgrades the quality and administration levels. In this procedure there are three groups that work pair to convey more noteworthy incentive to clients. These are the Logistics unit, the quality checking unit and the client care unit. The client assistance unit assumes a significant job in examining client requests and level of fulfillment. This group has offices which keep a nearby track on the business staffs and the senior supervisors, whose sources of info are taken

U.S. globalization Essay Example | Topics and Well Written Essays - 1250 words

U.S. globalization - Essay Example Globalization accompany difficulties and advantages that administrations need to mull over. Difficulties that are looked because of globalization are those that should be tended to by common society, the legislatures and different associations that make the arrangements. One test that is greatly looked in globalization is the guaranteeing that the advantages that are gotten from globalization reach out to all nations. This turns into a test as the event won't be programmed and the execution has been an issue. The second test that is looked in globalization is managing the feelings of dread that happen that the procedure prompts shakiness in a nation. the flimsiness can happen much in the creating nations. The created nations are steady and they are not inclined to insecurity through globalization than it is in creating nations. The third test that is experienced is to address the issue in the business that expansion in worldwide rivalry will prompt definitely to the fall in compensat ion, work rights, rehearses because of business and crumbling in condition principles. Another test that is experienced because of globalization is that the muddled issues are utilized as minor reasons in evading the hunt focused on better approaches to collaborate in the general enthusiasm of a country and the individuals that live in the country. Associations that are in the common society generally had the focal point of help and move of assets.

Music and Persuasive Essay Topics

Music and Persuasive Essay TopicsMusic and persuasion are one of the most important parts of a persuasive essay topic. Music is an excellent tool for getting across important messages and emotions and using this as part of your essay topic can make or break your arguments. If you can find the perfect topic for your essay that relies heavily on the use of music then it will be well worth your time and effort.In the past, music was often seen as an art form rather than a means of entertainment. Since the second world war, however, it has begun to take on the role of entertainment and expression. This means that it is more accepted in popular culture and its influence has become more prominent. This acceptance is reflected in the fact that music is now often used in advertising campaigns, the making of movies and even in the way we understand our environment. Thus, music is becoming an important part of the lives of people across the globe.Music and persuasion are one of the most import ant parts of a persuasive essay topics. The importance of music in persuading the reader, listener or viewer is not restricted to music that is being performed, it also applies to sounds that can be included in the arguments of a persuasive essay.Music was once prohibited from being played at public school students. However, in recent years schools have begun to allow certain forms of music that include the use of powerful melodies. This has paved the way for music to be included in classes with increased understanding of the impact it can have on the listeners or readers. With this growth in understanding, it has also become easier to convince a large audience that a point is true.Music is used extensively in advertising campaigns. This is why music should be considered in persuasive essay topics. By including a bit of music in a persuasive essay the audience will be encouraged to look further into the arguments that have been made.Music is also an important part of music education . This is due to the fact that it was designed by and for people to communicate. Music can be used as a tool for communication in a variety of different forms. This means that a student can learn a variety of skills that will help them communicate effectively when interacting with others. Music is also a powerful tool for transmitting messages through the various media that exist today.Another great way to incorporate music in persuasive essay topics is to choose one of the music types that is popular and understood. This is an easy way to expand the audience for a persuasive essay because of the impact that it can have on the listening audience.The way that music is used in persuasive essay topics is easy to understand. It is a means of communicating ideas to a wide audience of people without the constraints of how the writer or speaker would actually say the same message. Using music in persuasive essay topics creates a common ground that will appeal to a range of different types of people from all over the world.

Argumentative Essay Sit On Kids With Autism - 1119 Words

Argumentative Essay: SIT in kids with Autism 1 in 68 children suffer from autism according to www.autismspeaks.org. This disease targets children’s brains and makes them have trouble with communicating and forming relationships with people for the rest of their lives. It’s a terrible disease but can be treated through therapy, Sensory Integration Therapy to be exact. Sensory Integration Therapy opens the doors to new lives for children who suffer from autism because Sensory Integration Therapy is designed to target physical sensory and cognitive disorders in an act of play time according to www.kidshealth.org. SIT exposes children to sensory stimulation in a structured repetitive manner according to www.autsimspeaks.org. Within this therapy it has helped millions of children that suffer from autism but most experts don’t practice it or think it’s a waste of time. Not all experts think sensory integration works with learning and attention issues in kids, th ey think there’s more effective ways in improving sensory issues, and they think SIT is limited and inconclusive according to www.understood.org. The experts who do practice it though, see that it does improve learning and attention issues in kids, this is the most effective way, and that it is not limited or inconclusive. SIT isn’t just playtime, it improves learning and attention issues, its effective, and it’s not inconclusive. SIT has been a big controversial topic in the world of Occupational Therapy. Most expertsShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesapplying OB concepts. Compare the three levels of analysis in this book’s OB model. MyManagementLab Access a host of interactive learning aids to help strengthen your understanding of the chapter concepts at www.mymanagementlab.com cott Nicholson sits alone in his parents’ house in suburban Boston. His parents have long since left for work. He lifts his laptop from a small table on which his mother used to have a vase with flowers. This day will be like tomorrow, and tomorrow will be like today

A Brief Note On The Rules Of Football Essay - 1299 Words

Unit 2 assignment 1 When i would help the local children, these are the rules i would tell them: 10 rules of football Throw ins- A throw-in is given if a player kicks the ball past the sideline or out of bounds then the opposing team then gets given a throwing. A team member from the opposing team then gets the ball and puts their feet behind the line and throws the ball. Feet have to be kept on the ground when the ball is thrown. Scoring- scoring occurs when the (most preferably) striker shoots the ball towards the players opposing teams goal. If the whole ball goes past the line and the crossbar then a goal has been scored. Centre / kickoff- To start the match, two players from a team will start off in the centre of the pitch. Both teams would be on the side of the pitch of the goal that they are defending. Then the referee would blow his whistle and the team starting with the ball, would start the game. Handball- If the ball connects with any player’s arm then a free-kick is given to the opposing team. However, if the ball is kicked directly to the arm then it would not count and the free-kick will not be given. Free kick- When a player commits a foul on a player on the opposing team, then a free-kick is given. Penalty- If a defending player commits a foul in his own penalty area then a penalty is given to the opposing team. The penalty mark is 12 yards out from the goal. Corner- A corner is awarded when the ball leaves the pitch by crossing the goal line, without aShow MoreRelatedQuarterback Mobility And Its Impact On College Football Programs1541 Words   |  7 Pagespassing skills. Teams such as Carolina, Seattle, Washington, etc have been modifying their offense to best utilize the players skills, namely by implementing the zone read option offense. 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Symptoms And Treatment Of Lyme Disease - 1710 Words

aIntroduction Lyme disease has been the most commonly reported vector-borne illness in the United States since the Centers for Disease Control and Prevention started reporting it in 19911. It should be noted that Lyme disease does not occur everywhere in the US, and is heavily concentrated in upper Midwest and northeast United States1. This report has been compiled to provide recommendations for antimicrobial prophylactic treatment of Lyme disease once a patient encounters a tick bite. Lyme disease is caused by the spirochete Borrelia burgdorferi, which is transmitted by Ixodes dammini, otherwise known as the deer tick3. B. burgdorferi lives in the midgut of the deer tick, and becomes active after a tick’s gut is filled with warm blood from a host. Ticks are only able to transmit B. burgdorferi after they have been attached and taken a â€Å"blood meal† from the host. 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Statute for the Taxation Benifits for FBTAA

Question: Describe about the Statute for the Taxation for Benifits for FBTAA. Answer: The relevant statute for the taxation of the various fringe benefits is FBTAA, 1986 (Fringe Benefits Tax Assessment Act 1986). The FBT(Fringe Benefit Tax).on various benefits that are doled out by Periwinkle to the employee (Emma) would be calculated with reference to this statute as shown below. Car fringe benefit Periwinkle purchases a car in the year 2015 with a cost of $ 33,000. This car is provided to Emma (employee) who is authorised to use the vehicle as part of her personal use and hence as per Section 8, FBTAA 1986, car fringe benefit in indeed been provided to Emma for FY2016 and FBT liability on the same has to be accounted for by Periwinkle (Wilmot, 2012). Applicable formula for computation of taxable gross up value of Car Fringe Benefit (Section 39F) (Barkoczy, 2015). The computation of the various inputs required above is shown below. Capital value of Car Vehicles acquisition cost in 2015 $ 33,000 Repairs cost incurred in FY2016 $550 Vehicles capital amount =( Acquisition cost Repairs Cost) = (33000 - 550) $ 32,450 Statutory Percentage The statutory percentage essentially is driven by the factors identified below (Sadiq et. al., 2016). Vehicles year of purchase The usage (personal nature) by the employee during the time, the vehicle was available for use in year under assessment. For a year of purchase later than 2011 and usage by employee for personal reasons not to be in excess of 15,000 km, the statutory percentage would be 20% (Gilders et. al., 2016). This is the case here where both conditions are satisfied and hence statutory percentage applicable in 20%. Usage Days Deductions from the year would be made for the following. Car made available for use on May 1, 2015 and hence a deduction of 30 days for April 2015. Car was sent for annual repairs and hence a deduction of 5 days for the same Hence, applicable days = 365 30 5 = 335 Gross up factor The applicable factor here would be 2.1463 as car is Type 1 good on which GST applies (ATO, 2016). Taxable value of Car fringe benefits = (Capital value of vehicle Days for which vehicle available for use Statutory percentage gross up factor ) =( 32450 0.20 2.1463) $12,593.80 FBT payable by Periwinkle (FBT @ 49% for FY2016) =( 12593.80 0.49) $6,171 Loan fringe benefit The case information states that Periwinkle has provided a loan to Emma to the tune of $ 500,000. The interest rate charged on this amount would be 4.45% pa which is lesser than the corresponding RBA prescribed rate of 5.65% pa as given by TD 2015/8 (ATO, 2015b ). Loan fringe benefit would arise in this case, as the interest charged by employer is lesser than the RBA prescribed rate and the magnitude of the interest rate savings would be the quantum of loan fringe benefit (ATO, 2015a). The taxable value of this benefit is computed in the manner shown below. Interest cost assuming lending at RBA rate or 5.65% pa =(0.0565 500000) $28,250 Interest cost assuming lending at rate charged by Periwinkle =(0.0445 500000) $ 22,250 Interest savings for the whole year =( Interest cost @ RBA rate - Interest cost @ offered by Periwinkle) =(28250 - 22250) $ 6,000 Interest extended for days in FY2016 (September 1 to March 31) 213 Taxable value (loan fringe benefit) = (6000 ) $3491.80 Loan and related payments are Type 2 goods as GST does not apply, hence the relevant gross up value for FY2016 is 1.9608 (ATO, 2016). Grossed up value (Loan Fringe Benefit) =( Taxable amount Gross up factor) =( 3491.8 1.9608) $ 6,846.72 FBT payable by Periwinkle =(0.49 Grossed up value) =(0.49 6846.72) $3,354.9 It is noteworthy that deduction to employer is available if the amount extended to loan is used by the employee for incremental income. In the given case, Emma deploys 90% of the borrowed funds or $ 450,000 to purchase a holiday home which is capable of producing income and Emma may use it for that purpose thus ensuring deductions for Periwinkle. However, for the residual amount of $ 50,000, no deductions are possible for Periwinkle as it has been given by Emma to her husband for his use (Nethercott, Richardson Devos, 2016). Expense fringe benefits (Bathtub) Based on the information provided, Emma would receive expense fringe benefit as she was sold the bathtub at a discounted price by Periwinkle (Barkoczy, 2015). Bathtub cost of production $700 Retail selling price of bathtub $2,600 Offer price to Emma for bathtub $1,300 Expense fringe benefit =( Retail selling price- Offer price to Emma for bathtub) = ( 2,600 1,300) $1,300 Gross up factor (FY2016 Type 1 good) (ATO, 2016) 2.1463 Grossed up amount =( Expense fringe benefit 2.1463) =( 1300 2.1463) $4,078 FBT payable at the end of employer =( Grossed up amount 0.49) $1,998 (b) Usage of $50,000 by Emma for generation of share trading Now, Emma does not divert $ 50,000 towards husband and instead uses it herself and hence Periwinkle could not claim tax deduction on the same which would lower the FBT liability as shown below (Barkoczy,2015). Interest payable at RBA rate on $ 50,000 =(0.0565 50000) $2,825 Interest payable at Periwinkles rate on $ 50,000 =(o.0445 50000) $ 2,225 Hence, savings in interest =(2825 - 2225) $ 600 Thus, FBT deduction for employer =(Interest savings on $ 50,000 0.49) =(600 0.49) $294 References ATO 2015a, Loan Fringe Benefits, Australian Taxation Office, Available online from https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/Types-of-fringe-benefits/Loan-fringe-benefits/ (Accessed on September 20, 3016) ATO 2015b, TD 2015/8, Australian Taxation Office, Available online from https://law.ato.gov.au/atolaw/view.htm?docid=%22TXD%2FTD20158%2FNAT%2FATO%2F00001%22 (Accessed on September 20, 3016) ATO 2016, Gross-up rates for FBT, Australian Taxation Office, Available online from https://www.ato.gov.au/rates/fbt/?page=3 (Accessed on September 20, 3016) Barkoczy,S 2015.Foundation of Taxation Law 2015,7th edn, CCH Publications, North Ryde Gilders, F, Taylor, J, Walpole, M, Burton, M. Ciro, T 2016. Understanding taxation law 2016, 9th edn, LexisNexis/Butterworths. Nethercott, L, Richardson, G Devos, K 2016, Australian Taxation Study Manual 2016, 4th ed., Oxford University Press, Sydney Sadiq, K, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A 2016,Principles of Taxation Law 2016,9th edn, Thomson Reuters, Pymont Wilmot, C 2012, FBT Compliance guide, 6th edn, CCH Australia Limited, North Ryde

Title Of Paper J.S. Bach Essays - German Lutherans,

Title of Paper : J.S. Bach Grade Received on Report : 88 Johann Sebastian Bach Since the dawn of music, there have been many great composers throughout the world. However, no composer had a greater impact to music than Johann Sebastian Bach from the Baroque era (1600 ad. -1750 ad.). Johann Sebastian Bach was a forefather to music as the author Homer was a forefather Western literature. Yet, unlike Homer's uses of words and verses in his literature, J.S. Bach used notes and chords in his music which to him was an apparatus of worship. Johann Sebastian Bach was born on March 21, 1685, in Eisenach, Thuringina, into a family that over seven generations created at least 53 outstanding musicians. He first received musical training from his father, Johann Ambrosius, a town musician. Stricken by his father's death at the young age of 10, he went to reside and study with his older brother, Johann Christoph, an organist in Ohrdruf. In 1700, Bach began to earn his own living as a chorister at the Church of Saint Michael in Luneburg. Later in 1703, he became a violinist in the chamber orchestra at the Church of Prince Ernst of Weimar, but later moved to Arnstadt, where he became a church organist. In October 1705, Bach went to Lubeck to study with the distinguished Danish-born German organist and composer Dietrich Buxtehude which largely affected Bach. Bach was then criticized for the new lavish flourishes and bizarre harmonies in his organ accompaniments to congregational singing. He was already too highly respected, nevertheless, for either objection to result in his dismissal. Then in 1707, he went to Mulhausen as an organist in the Church of Saint Blasius. The next year, he went back to Weimar as an organist and violinist at the court of Duke Wilhelm Ernst and abide there for the next 9 years, becoming concertmaster of the court orchestra in 1714. In Weimar he composed about 30 cantatas, and also wrote organ and harpsichord works. In 1717, Bach began a 6- year employment as chapelmaster and director of chamber music at the court of Prince Leopold of Anhalt-Kothen. During this time he basically wrote secular music for ensembles and solo instruments. In addition, he prepared music books with the intent of teaching keyboard technique and musicianship. These books include the Well- Tempered Clavier, the Inventions, and the Little Organ Book. In 1723, Bach moved to Leipzig were he spent the rest of his life. At Leipzig, he became the music director and choirmaster of Saint Thomas's church. Life at Leipzig however was unsatisfactory. He continually quarreled with the town council, and neither the council nor the critics appreciated his musical genius. They saw him more a stifling elderly man who clung stubbornly to obsolete forms of music. Regardless, the 202 cantatas surviving from the 295 that he wrote in Leipzig are still played today, whereas a lot that was new and in craze at the same time has been forgotten. Nearly all of the cantatas start with a section for both chorus and orchestra, continue with alternating recitatives and arias for solo voices and accompaniment, and end with a chorale based on a simple Lutheran hymn. Among these works are the Ascension Cantata and the Christmas Oratorio, the following including of six cantatas. The Passion of St. John and the Passion of St. Matthew also were composed in Leipzig, as was the momentous Mass in B Minor. Among the works written for keyboard during this period are the famous Goldberg Variations, Part II of the Well- Tempered Clavier, and The Art of the Fugue, a grand exhibition of his contrapuntal ability in the form of 16 fugues and 4 canons, all on a single theme. Bach's sight began to deteriorate in the concluding year of his life, and he died on July 28, 1750, following undergoing an failed eye operation. J.S. Bach's greatest impact to music was his own music. The importance of Bach's music is due in a big part to the magnitude of his intellect. He is the best recognized as a ultimate master of counterpoint. He was able to understand and use every resource of musical language that was available in the Baroque era as Homer did with the Greek language of Archaic Greece. At the same time, he could compose for voice and the different instruments so as to take advantage of the peculiar characteristics of the make up and tone quality in each. Also, when a text was associated with the music, J.S. Bach could compose musical equivalents of verbal concepts, such as expanding melody to characterize the sea,

The Symbolization of the River in Huck Finn essays

The Symbolization of the River in Huck Finn essays The Adventures Of Huckleberry Finn has been widely recongnized as a great American novel. The book has many features which have helped sustain it over the years, but among the most important is the Mississippi river which carries Huck and Jim upon a winding path through a series od adventures. The river symbolizes many important aspects intrical to the novel's theme. These aspects include God or some other higher power, Huck and his irrepresible nature, and the change of characters in the novel as well as society in general. First and foremost the river symbolizes the novel's protagnist, Huckleberry Finn. The Likeness between the two is startling as one begins to examine the common trait. According to T.S. Eliot the most striking similarity that the two share is that like the river, Huck can not be contained (470). Throughout the course of the novel the river is constantly at flood, and all other powers pale in comparision to its awesome current. Evidence of this is found throughout Huck and Jim's journey in the form of swept away houses and smashed steam boats. Hucks personality is much the same. No matter how many times "respectable folk", like Miss Watson or Aunt Sally, try to civilze Huck or curb his extreme personality, Huck always breaks free and returns to his roots. Those of a poor, brazen country boy who speaks his mind regardless of the consequences. Huck refuses to compromise what he is and the principals for which he stands for the sake of others. Huck like the river will not except the bo undaries, rules, and practices which govern the rest of the world. A second comparrison which demonstrates this symbolization would be the fact that throughout the novel both Huck's path and the path of the River are circular in nature. T.S. Elliot put it sysnctally when she said; "Like Huckleberry Finn, the River its self has no beginning or end. In its beginning it is not yet...

Aircraft maintenance eng - Aircraft Maintenance procedures -scenario Research Paper

Aircraft maintenance eng - Aircraft Maintenance procedures -scenario for systems integration - Research Paper Example rding the aircraft’s system failures, system integration, Crew Resource Management, and tech recorders among others were evaluated, and the following information regarding the situation were summarized. The aircraft (Airbus A380) departed Changi International Airport for Sidney, Australia on November 4th, 2013 at 01:57 hours UTC. This aircraft (Airbus A380 whose registration number is VH-OQA) carried a total of 469 passengers (that is, 440 passengers and 29 members of crew) (ATSB 2010). During that day of flight, the weather was favorable, and was described by the metrological department of Changi International Airport as a clear and sunny Singapore day. After an approximate of 6 minutes after the takeoff of the plane (that is, at 02:02 hours UTC), and as the aircraft was climbing 7000 feet over Bantam Island in Indonesia, it was reported that the crew members hard a number of loud banging sounds (ATSB, 2010). These banging sounds were followed by ECAM (Electronic Centralized Aircraft Monitor) messages. These alerts were more than 50 in number and indicated that the aircraft’s Number 2 engine experienced a catastrophic failure. Immediately, the crew members initiated holding pattern then started to diagnose the problem. After approximately 50 minutes (that is at 14:52 UTC) the crew members made a decision to return to Changi International Airport in Singapore and attempt to land (ATSB 2010). At 16:32 hours UTC, the crew members managed to land the aircraft successfully with only one engine operating fully, with a maximum landing weight (MLW) of more than 50000 pounds, and in absence of the aircraft’s anti-lock brakes. In addition, the aircraft was stopped at distance of approximately 450 feet from the run way end (ATSB 2010). The disintegration of engine number 2, as indicated by investigations, produced a number of debris that struck (hit) the aircraft’s fuselage. Pieces of IP (Intermediate Pressure) turbine disc penetrated the aircraft’s left wing

Varieties of Judgment in the Critique of Pure Reason Assignment

Varieties of Judgment in the Critique of Pure Reason - Assignment Example As a result, while synthetic judgments are informative, they must be justified by referring to external or outside principles. On this theme, Kant begins by supposing that both Hume and Leibniz had not properly between the two distinct forms of judgment and that, in fact, they had made only one distinction, which was the difference between uninformative truths on the basis of pure reason and factual matters on the basis of sensory experience (Kant 37). Kant argues that the two distinctions were not wholly coextensive; also stating that all four combinations that are logically possible should be taken into consideration. The first combination, analytic a posteriori judgments, is not logical because one does not need to use experience in order to support an assertion that is purely explicative. Secondly, synthetic a posteriori judgments would be considered as generally uncontroversial facts that humans come to know of because of their sensory experience (Kant & Hatfield 45). Thirdly, analytic a priori judgments are those that are necessarily true because they include all straightforward definitions and merely logical truths. Finally, synthetic a priori judgments can be considered as the most crucial case from Kant’s arguments, specifically because they can only provide necessarily true new information.

Research Paper Essay Example for Free

Research Paper Essay Pharmaceutical Companies, Intellectual Property, and the Global AIDS Epidemic This case is provided at the end of chapter 3 of your text (Luthans and Doh). After reading the case, and performing research on the topic, answer the following questions: 1.) Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? What are the main arguments for and against such an approach? 2.) What are the principal arguments of pharma companies who oppose making exception to IPR laws for developing countries? What are the arguments by NGOs and others for a differential treatment? 3.) What impact would you expect South Africas decision to levy duties on drug imports from Western nations to have on the international distribution of drugs to South Africa? 4.) In June 2002, the WTO extended the transition period during which least-developed countries (LDCs) had to provide patent protection for pharmaceuticals. In your opinion, do you think this is an appropriate change in policy, or a dangerous precedent? What could be some of the negative ramifications of this resolution? What about effects for other industries? 5.) Given the initiatives announced by global development and aid organizations and among pharmaceutical companies themselves, was it necessary to relax IPR rules in order to ensure that adequate supplies of AIDs medications would be available for distribution in the developing world? 6.) What role do MNCs have in providing funding or other assistance to international organizations such as the Global Fund? Present your answers using APA-format: Eight to ten pages, double-spaced, using 12-point Times New Roman font. Also, please be sure to cite all scholarly information paraphrased or quoted from your researched sources of information on the case topic. Finally, be sure to include a separate Reference Page on which you list all of your research information sources according to correct APA citation style, depending on the kind of source: book, chapter, published article, internet article, etc. Submit this assignment to your instructor in Learning Plan 6 via the Assignment Drop Box labeled Research Paper. This assignment is worth 275 points and will be graded based on the Writing Intensive Rubric. Be sure that your paper shows multiple revisions with improved focus and clear writing for a general audience. Please remember to check your paper against the criteria in the Writing Intensive Research Paper Rubric before submitting it (see link above in this paragraph). Also, please let your Instructor know if you have any questions at all regarding producing or submitting this Research Paper assignment as the course progresses.a

american gothic design :: essays research papers

The most important aesthetic and philosophical style was developed in the eighteenth century, yet this style did not reach its apex until the nineteenth. With Christian elements and strong moral the movement appealed to the newly wealthy middle classes. The notable increase in prosperity that accompanied the Industrial Revolution was largely based on the accumulative benefits of inexpensive imports for the colonies. This new found affluence and status for the middle-class, has naturally revealed in the types of homes they lived in and the style in which they decorated and ornamented them. Unsure how to begin this new style of living, they chose architecture and furnishings that had previously been only for the aristocracy and the upper class. The critics of high Victorian style, known as the Aesthetic Movement, objected not only to the style and quality of machine-made furnishings but also to the manner in which they were used in the home. The typical middle-class drawing room was c rammed full of furniture, fabrics were used in abundance and every available surface was overflowing with knickknacks. Such displays were a means of showing off their new-found cultural interests, prosperity and status. They were also in accord with the fashionable notion that bareness in a room was in poor taste. Victorian Gothic style was zenithed in the mid-nineteenth century by those who yearned to return to the complexity of the skilled craftsmanship and design that prevailed in the Middle Ages. Architecture in the Middle Ages in northern Europe was based on arches, such as the gable, buttress, and ribbed vault. These houses had roofs that were high and sloping, which were imperative in wetter climates of the north, and inspired the used of decorative elements such as stonework and brick, oriel and lancet windows, or weathervanes. Colonettes rose to these ceilings and eliminated the used of masonry walls, now leaving enough interior room and wall space for windows. Large windows were made of stained glass, in later years portraying religious figures, and the glow of light was said to symbolize â€Å"heavenly spiritual light.† These subjects soon passed as the sixteenth century approached with a more classical form of architecture. This style, full of symmetry, rounded arches, and columns, and lacking culture, branded medieval design â€Å"barbaric†. Now collectively called Victorian the architecture was made up of several main styles. These include Italianate, Second Empire, Stick-Eastlake, and Queen Anne. Facades of Victorian Gothic homes were asymmetrical with steeply pitched roofs.

Person Who Changed My Life

We all have people who have changed our lives. People can change your life in a positive or negative way. My grandmother Esther changed my life in a positive way. My grandmother basically raised me. She changed my life and I am glad she did. My grandmother was a very hardworking woman. She valued education even though she never received an education during her childhood. It really touched me the way she would try to help me and give me advice. This made me work extremely hard in school. My grandmother taught me how important it is to tolerate people and certain situations. She told me showing people respect will get you a long way in life, as well as seeking help in hard times and facing problems instead of running away from them. Because of this, I try to see the good in people and over look the bad. When I have a problem I think of ways to solve it. When I cannot find a solution I ask for help before things get worse. She was very humble and kind. She did not let people take her kindness for weakness. She did not mind helping people. When you are wrong you have to swallow your pride and say your sorry. That is one thing she always did and taught me. The word love is used to often these for small things that do not matter. Few people understand what love really is. It is not trait we are born with like the color of our eyes. We have to learn to love ourselves and others. If you love some one you show it through actions and help them change if they need to.

Indian Economy Has Gone Through Many Phases Finance Essay - Free Essay Example

Sample details Pages: 14 Words: 4156 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Cause and effect essay Did you like this example? Since 1991 till date Indian economy has gone through many phases. It has seen many contemporary developments in terms of changing trends in economic growth, inflation, fiscal deficits, capital investment flows (FDI FIIs),current account and capital accounts convertibility, foreign exchanges reserves etc. In 1991 when India faced major crunch of foreign exchange reserves, it opened up its economy and introduced many economic reforms with more thrust towards globalisation, privatisation and liberalisation. Don’t waste time! Our writers will create an original "Indian Economy Has Gone Through Many Phases Finance Essay" essay for you Create order Over the years, out of these various economic contemporary phenomena, the one which has assumed great importance in the economic scenario of the Indian economy has been foreign capital flows (Foreign Institutional investments constituting major portion of total foreign investment in India ). These inflows have had both positive as well as negative impact on the health of the Indian economy. On the positive side, these capital inflows have raised the level of economic development by augmenting the domestic investment, contributed towards increased market capitalisation, more competitiveness in the capital market and widened financial intermediation. But at the same time, these capital inflows have also posed several threats to the economic and financial system of the recipient economy like inflationary trends, appreciation in exchange rate, overheating of the economy and unmanageable volatility in the capital market due to the possibility of their sudden withdrawal. Thus over the year s due to their increasing magnitude, the FII flows have impacted various economic factors in the Indian economy directly and indirectly like volatility in the stock market, risk-return patterns, inflationary trends, economic growth, foreign exchange reserves, decision on capital account convertibility and so on or vice versa. Over the years, FIIs have been showing diversified magnitude and changing trends with various underlying reasons for the same. During the initial year 1992-93, when the FII flows started flowing into India it just amounted to Rs 13 cr. because at this moment government was framing policy guidelines for FIIs. However within a year in 1993-94 the FIIs flow rose to `Rs. 5127 cr. increasing with 39338 percent because government had opened door for investment in India. Thereafter, the FII flows witnessed mixed trends over the years like from 1994-95 to 2008-09, FIIs showed negative comparative growth. However from 1995-96 to 2009-10, they have been showing comparative positive growth. There have been many reasons for these non patterned flows of FIIs in Indian economy. In 1997-98, FII inflow posted fall due to the South East Asian Currency Crisis. In 1998-99 FIIs also flew back. This was primarily due the economic sanctions imposed on India by US, Japan and other industrialized economies. These economic sanctions were the result of series of testing of nuclear bombs by India in May 1998. The slowdown in 2004-05 and 2005-06, 200 was on account of global uncertainties caused by hardening of crude oil prices and upturn in the interest rate cycle. During 2007-8 the whole world felt the heat of global financial crisis (popularly known as SUB-PRIME crisis) originated in USA. Even Indian economy could not remain unaffected from these global phenomena and in 2009-8-09 for the first time in the history since 1992 when FIIs first invested in Indian economy, it witnessed highest ever negative net investment outflow. During this period the gross purchases were ` 614575 and the gross sales were ` 6,60,386 Cr. It amounted to net out flow to the tune of ` 45,810 Cr. However as discussed earlier, FIIs flow has also shown positive trends over the last many years. In 2010 FIIs injected ` 1,12,000 cr.(net investment) in Indian equities. Even till date the trend is quite positive and F IIs has already made net investment to the tune of ` 7335 cr. till March 2011. It has been the experience over the years, Indian economy has not been immune to these FIIs flows. They have affected various economic factors of the economy considerably like volatility in the stock market, risk-return patterns, inflationary trends, and economic growth, foreign exchange reserves, market capitalisation of the companies listed with BSE, NSE, and government policy with regard to decision on capital account convertibility and so on or vice versa. Viewed from other perspective, there are many economic and financial determinants which have pulled and pushed the flows of FIIs into and out of India economy. Like Returns on Indian stock market, risk and inflation in foreign country might have positive impact on FIIs inflow whereas risk and inflation in domestic country and stock market returns in foreign country might have negative influence on FIIs investment to India. In addition to this, market capitalization, macro economic determinants like economic growth, liberalisati on policy (i.e. more capital account convertibility ) , burgeoning amount of foreign exchange reserves, decisions taken on tax benefits for FIIs in India might also have significant positive influence on FIIs flow in short-run as well long run. From time to time Government of India has taken many positive as well as precautionary initiatives to enhance the flow of FIIs into Indian economy but at the same time ensuring stability of stock market and protecting the interest of the shareholders. Like foreign firms and high net-worth individuals have been permitted to invest as sub-accounts of FIIs, FII ceiling under special procedure has been enhanced to 49 per cent, dual approval process of SEBI and RBI has got changed to single approval process of SEBI, Investment cap for FIIs in Government securities and corporate bonds has been increased and so on. Thus there are many perspectives attached with FIIs flows into Indian economy. From the problem of scarcity in the early 1990s to the problem of plenty now, the large foreign inflows into our economy has assumed utmost importance in recent times and managing such inflows have become a challenge in itself. Such inflows have thrown up new policy challenges as these inflows have influenced various macro level economic variables like inflation, , foreign exchange reserves, exchange rate (money value visa vis foreign currency), market capitalisation and so on etc. . Moreover, as India is in the process of liberalizing the capital account, it would have significant impact on the foreign investments and particularly on the FII, as this would affect the stability of the financial market in the short run as well as in the long run. And imposition of capital controls will reverse this process towards full convertibility of the rupee. This issue is extremely important for contemporary policy ma kers since managing such large FIIs inflows into India in recent times has come to haunt both the RBI and the Indian government.. Therefore in the light of the above scenario it has become important to study and analyse FIIs magnitude, trends , determinants and their impact upon various macro level factors, and the impact of policy decisions taken by Government of India, RBI, capital market regulator (SEBI) to enhance and the flow of FIIs. It is hoped the insight offered by this research work will help us to construct suitable policies in such a way that on the one hand the Indian economy will enjoy a large inflow of FIIs but at the same time there will not be unnecessary enhanced degree of volatility in the capital market. This will go a long way in cementing and consolidating the economic scenario of Indian economy in general and confidence of the investors in particular1. Review of Literature : Since 1990 till date several research studies have been undertaken on FIIs Flow in India. However their results have been mixed in nature and at certain time contradictory with each other also. Some of the major studies and their summarised findings have been discussed in the following pages: Classens (1993) analyzed the return and diversification benefits of investing for an investor in an industrial country with emerging markets and barriers which prevent a free flow of funds. Study found that equity portfolio flows can be affected by efficiency of domestic stock market as well as market segmentation created by barriers. Investors perception and attitude may thus matter as much as formal barriers. Chuhan (1994) analyzed portfolio switching behaviour by investors between different emerging markets. Study has found that institutional investors from Canada, Germany, Japan, United Kingdom (UK) and United States (US) have not contributed to the growth in portfolio investment in emerging markets (the countries where they have invested). These investors, who otherwise are major players in international capital markets, have approached developing countries securities markets with great caution. Institutional investors generally enter markets with significant liquidity, market capitalization and claim to have a longer time horizon in their risk return assessment than other investors such as performance based retail traders. Study concluded that any country that shows good track record in its reform process may expect to have a lower risk and e higher returns from portfolio investment, thus, consequently large portfolio flows are expected to go to such countries with good track records of liberalization, fiscal consolidation and regulatory reform than to those emerging markets that do not exhibit such a performance on sustained basis. Gooptu (1994) undertook research on Are Portfolio flows to Emerging Markets Complementary or Competitive He concluded that there is a competition between developing countries for portfolio investment from abroad. The study analyzed gross portfolio investment flows for a sample of eight emerging markets over the period of 1989 to 1993 using quarterly data. Four countries in each geographical region, namely, India, Indonesia, South Korea and Thailand in Asia while Argentina, Brazil, Chile and Mexico in Latin America have been examined. All of these countries have experienced large portfolio investment inflows in recent years. However, the gross portfolio flows to Latin America has been observed to be more significantly related to East Asia (Indonesia, South Korea and Thailand) than those to South Asia i.e., India in this study. According to the study, it is important for the policy makers in the developing economies to provide right signals to international capital markets in terms of economic and domestic institutional reforms to successfully compete with other developing economies to attract portfolio investment from abroad. Study found that to attract more private capital flows policy makers must continue to provide right signal to foreign institutional investors in terms of economic and domestic institutional reforms that attract portfolio investment from abroad. Study concludes that there is a need to continue for increasing pace of reforms in any given emerging stock market in order to maintain the steady portfolio flows to developing countries. Agarwal (1997) found that world stock market capitalization had a favourable impact on the FPI in India. FII inflow depends on stock market returns, inflation rates (both domestic and foreign), and ex-ante risk. In terms of magnitude, the impact of stock market returns and the ex-ante risk turned out to be the major determinants of FII inflow. Kumar (2001) investigated the effects of FII inflows on the Indian stock market represented by the Sensex using monthly data from January 1993 to December 1997. Kumar (2001) inferred that FII investments are more driven by Fundamentals and they do not respond to short-term changes or technical position of the market. This finding is in contradiction with the findings of Rai and Bhanumurthy (2003) who did not find any causation from FII to return in BSE using similar data between 1994 and 2002. However, Rai and Bhanumurthy have also found significant impact of return in BSE on NFI. Chakrabarti (2002) made an empirical investigation to see the inter relationship between FIIs flows and equity returns in India in the Indian context. Following the Asian crisis and the bust of info-tech bubble internationally in 1998-99 the net FII declined substantially by US$ 61 million. Using the monthly data between May 1993 and Dec. 1999, Chakrabarti (2001) found that FII flows and stock returns are strongly correlated in India. The entire sample period was sub-divided into Pre-Asian Crisis and Post-Asian Crisis period to capture the impact of the Asian crisis on the net FII inflows. The study found that there appears to be significant differences in the nature of FII flows before and after the Asian crisis. In the pre-Asian crisis period any change in FII found to have a positive impact on the equity returns ( FIIs acted as independent variable and other variable like return acted as dependent variable). But in the post-Asian crisis period it was found the reverse relation exi sted that is the change in FII was mainly due to change in equity returns ( where FIIs acted as dependent and other variables like return acted as as independent variable). It was also found that FIIs did not have any informational disadvantage in comparison with domestic investors in India, since the US and world return were not significant in explaining FII flows. Besides, changes in country risk ratings for India did not appear to affect the FII flows. The beta of the Indian market with respect to SP 500 index seemed to affect the FII flows inversely, but the effect disappeared in the post-Asian crisis period. Thus there appeared to be significant differences in the perception of FII flows before and after the Asian crisis. In the post-Asian crisis period i.e. from 1998 onwards, returns on the BSE National Index became the sole driving force behind the FII flows. Eun Rensick (2002) observed that international portfolio Investment has been growing rapidly in recent years due to (a) deregulation of financial markets (b) introduction of new investment vehicles such as international mutual funds, country funds and internationally cross listed stocks which allow investors to achieve international diversification without incurring excessive costs. Despite sizable potential gains from international diversification, investors allocate a disproportionate share of their funds to domestic securities displaying the so called home bias. Home bias is likely to reflect imperfection in the international financial markets such as excessive transaction/information costs, discriminatory taxes for foreigners and legal/institutional barriers to international investments. Mukherjee P (2002 ) undertook research study on Foreign Institutional Investment in the Indian Equity Market. Contrary to the general perception of foreign investors activities having a strong demonstration effect and driving the domestic stock market in India, evidence from causality tests conducted suggests that FII flows to and from the Indian market tend to be caused by returns in the domestic equity market and not the other way round.( returns acted as the driving force i.e independent variable ) Batra A (2003) in their study on The Dynamics of Foreign Portfolio Inflows and Equity Returns in India used both daily and monthly data in order to understand the trading behaviour of FIIs and returns in Indian equity market. It was found that there is strong evidence of FIIs chasing trends and adopting positive feedback trading strategies at the aggregate level on a daily basis. However there is no evidence of positive feedback trading on a monthly basis. The results of our analysis also indicate that foreign investors have a tendency to herd together in their trading activity in India. The trading behaviour and biases of the FIIs do not appear to have a destabilizing impact on the equity market. Trivedi Nair (2003) in their study on Determinants of FII Investment Inflow to India concluded that any investments, either domestic or foreign, would depend heavily on the risk factors. Hence, while studying the behaviour of FII, it is important to consider the risk variable. But it was only Trivedi Nair who considered this factor in their study in 2003.. Further, they have decomposed it (risk) into realized risk (observed) ex-ante and unexpected risk. Ex ante risk is an observed component and is negatively related to FII. But the relationship between unexpected risk and FII is obscure. Hence, one needs to separate the unobserved component from the realized risk while examining the impact of risk on FII. Gordon and Gupta (2003) in their study on Portfolio Flows into India: Do Domestic Fundamentals Matter conclude that given the huge volume of investments, foreign investors could play a role of market makers and book their profits, i.e., they can buy financial assets when the prices are declining thereby jacking-up the asset prices and sell when the asset prices are increasing Hence, there is a possibility of bi-directional relationship between FII and the equity returns. Boss and Coondoo (2004) undertook study on Impact of FII regulations in India A time series intervention analysis of equity flows. In this study they examined the impact of regulations over FIIs in India and gave an interesting results that the restrictive measures aimed at achieving greater control over FII flows do not show any significant negative impact on the net inflows. They also found that FII restrictive policies mostly render FII Investments more sensitive to the domestic market returns and raise inertia of the inflow. Griffin and Nardari (2004) in their study titled Are daily cross-border equity flows pushed or pulled found that foreign flows are significant predictors of returns for Korea, Taiwan, Thailand and India, indicating that foreign investors are buying before market index increases. Increasing trends of FIIs inflows can act as a predictor for upward trend in the value of index or vice versa. FII and Stock Index show positive correlation, but fail to predict the future value. They also found that contemporaneous flows are positive and highly significant in India. Kumar SSS (2005) in his study on Role of Institutional Investors in Indian Stock Market examines the pulling and pushing role of Foreign Institutional Investors in Indian stock markets. He finds using granger causality test that the market movement can be explained using the direction of the funds flow from these investors. Rai and Bhanumurthy (2006) in their study on Determinants of Foreign Institutional Investment in India studied and analyzed the determinants of foreign institutional investment in India using monthly data from January 1994 to November 2004. The study revealed the positive association of FIIs investment with return on BSE Sensex, inflation in US (home country) ; and negative association with inflation in India (host country), return on SP 500 index, ex-ante risk on BSE and ex-ante risk on SP 500 index. Thus empirical estimates seems to be perfectly in consensus with the proposed theoretical model, except for ex-ante risk in US stock market, which adversely affects the FII flow to India. This could be due to the dominant position of US stock market. However, the ex-post risk neither in US nor in India affected FII inflow to India. Study also did not find any causation running from FII inflow to stock market returns in BSE as it was found by some existing studies (Gordon Gupta, 2003). Study concluded that stabilizing the stock market volatility and minimizing the ex-ante risk would help in attracting more FII inflows. Otherwise there would be adverse impact of non-fundamental factors on FII behaviour which in turn would affect the real economy in the long-run. They further studied the impact of news on FII flows and found that the FIIs reacted more (sell heavily) to bad news than to good news. Saji kumar (2006) in his study titled FII vs. Sensex: An Emerging Paradigm analyses the performance of Sensex in terms of market Capitalisation , movement of Sensex, Returns on Sensex, trade turnover and Sensex P/E ratio and found out that they are significantly related to the surge in FIIs inflows. The behaviour of returns on Sensex and volatility has been more stabilizing due to external inflows and the fluctuations are largely due to withdraws by the domestic equity holders during the period considered. Singh (2008) in his study on FII Investment Flow and SENSEX Movement concluded that there are many variables which contribute to the positive growth of the stock market. FIIs investment is considered to be one of the biggest push after the economic fundamentals got stronger. The liberalisation of the FII flows into the Indian Capital Market since 1993 has had a considerable impact on Indian stock market. Babu and Prabheesh (2008) in their study on Causal relationships between Foreign Institutional Investments and stock returns in India concluded that the FII investments in India are more stock returns driven. Perhaps the high rates of growth in recent times coupled with an increasing trend in corporate profitability has imparted buoyancy to the stock markets, triggering off high and thereby leading to return chasing behaviour by the FIIs. Chakraborty (2007) undertook study on Foreign Institutional Investment Flows and Indian Stock Market Returns: A Cause and Effect Relationship Study. The empirical investigation of the direction of causation between FII flows to India and Indian stock market returns over the time period from April 1997 to March 2005 has revealed that FII flows are caused by; rather than causing the national stock market returns. However, the Indian policy makers must adopt a cautious approach while further liberalizing the FII policy by instituting in-built cushion within the system against the possible destabilizing effects of sudden reversal of FII flows. Rajput Thaker (2008) in their study on Exchange Rate, FII and Stock Index Relationship in India concludes that in globalized world, exchange rate, FII and Stock Index are important economic variable and reflect underlying strength and stability of business and an economy. Earlier study findings have revealed positive, negative and mixed relationship amongst those variables. They measure the relationship and its predictive power for the period ranging from January 2000 to December, 2005, in the light of third generation reforms in India. Using simple correlation and regression analysis it is found that no long run positive correlation exists between exchange rate and Stock Index except for year 2002 and 2005. FII and Stock Index show positive correlation, but fail to predict the future value. Kumar and Gupta (2010), in their study on FII Flows to India: Economic Indicators concludes that the trading by the FIIs in the Indian stock market is registering sharp hike every year but their net investment is often registering negative growth rate. It can be said here that they are much interested in making short-term profit by trading in the market. Their investment is equity oriented which accounts around 95 percent of the total investment. It has also been found that share of FIIs cumulative investment in the total market capitalization is below five percent and share of trading by FIIs in the total stock market turnover is around 17 percent. Though enjoying a lesser share in the stock market, the FIIs have emerged as the big custodian in the Indian capital market. Research Gap: Despite a number of initiatives and actions action taken by Indian government , there has been apparent problem of unwarranted volatility in the capital market due to unpatterned flows of FII in Indian economy. Due to these reasons, research in the field of FII flows in Indian Economy has received good deal of attention both for academicians and policy makers. However most of the researches have included stock return as the deciding variable for studying the determinants of FII in India. Since FII investment in stock market is sentiment driven, it is affected more or less by everything. The crucial task is to settle down on critical determinants which affect the flows of FII in India. In addition, majority of the research works have offered mixed findings. Even there are some studies which have contradicted each other in terms of their findings pertaining to the same data base. Like Kumar (2001) and Gordon Gupta, 2003). Whose findings (who supported the view that there is positive causation from FII to return in BSE) are in contradiction with the findings of Rai and Bhanumurthy (2003) ( who did not find any causation from FII to return in BSE using similar data between 1994 and 2002). More over there is a void in the field of research on FII flows in India as far as empirical investigations are concerned. After going through the review of literature, it is found that study and analysis on FII flows, magnitude, trends, determinants and the impact of government decisions need intensive investigation. This could fill part of the existing knowledge gap. Hence the study will be undertaken with these objectives. Objectives: 1. To study and analyse the magnitude and trends of FII flows in India since 2000 and make estimate for the same till 2015. 2. To study and analyse the impact of FII on Indian economy with special reference to stock market, exchange rate and foreign exchange reserves. (inflation) 3. To study and analyse the policy initiatives taken by Government of India and their impact. 4.To study and analyse the factors ( political and economic) affecting FII flow in and out of India. Research Methodology: Research Design: The proposed study will be an empirical research aiming at exploring the relation between the FII flows and various economic and financial factors operating in home and foreign country. Data Period of study: Data used for the study will be secondary in nature and the period of study will be from 2000 to 2010. Nature of Data: Research will be based upon secondary data. Methodology: The data (secondary in nature) on FII flows (sale and purchase ), return , risk will be collected from various sources/sites and the same will be analysed elaborately underlying the reasons for the same. And for estimating FII flows for future period and analysis of the same the relevant statistical techniques (as per their applicability ) like correlation, regression, standard deviation, and various econometrics methods will be used.