Free Essays on Western Influence is Eroding Tradition Chinese Value

As China’s entry into the WTO since 2001, it seems gradually obvious that the concussion, the collision, the combination and development between Chinese traditional value and the importing western cultural value has become nationwide recognized. Confronted with the enormously coming western culture and product nowadays, my point is that, we Chinese are having a kind of attitude that combined with partially acceptance, partially refusal and partially development. Firstly, we are NOT taking the â€Å"whole-refusing† conception. China is an ancient country with a history of more than 5000 years. Because of some historical and geographical reason, as well as the long-standing fabulous substantial and spiritual property, China has a Confucian traditional cultural value system, based on the concept of the â€Å"Great Union†, which has down from dynasty to dynasty, from generation to generation for thousands of years. This kind of typical Confucian value has been largely vanished into by the end of Chinese emperor era, nevertheless, it’s still deeply rooted in our ideology and moral value system nowadays, in some extent, has a profound influence via the course of our accepting to the western culture. Hence, and secondly, we are enduring the erosion of the western cultural impact irresistibly. My point is that, we are to treat the vary impact from two aspects, the side of positive and negative, I mean. As the aspect of positive influence, as to the western Scientism and Rationalism, the Humanism and humanistic literature, the neoteric idea of Democracy and Nomocracy, the advanced Modernism, and the continuable-developmnet strategy and many more, we are to enormously accept and manage, with the great confidence and generosity of our unique particularity of our nation-owned. Studying while collision, sublimating while impacted, enhancing while syncretized, this is the right way to these advantages that we can accept. Additionally, we ... Free Essays on Western Influence is Eroding Tradition Chinese Value Free Essays on Western Influence is Eroding Tradition Chinese Value As China’s entry into the WTO since 2001, it seems gradually obvious that the concussion, the collision, the combination and development between Chinese traditional value and the importing western cultural value has become nationwide recognized. Confronted with the enormously coming western culture and product nowadays, my point is that, we Chinese are having a kind of attitude that combined with partially acceptance, partially refusal and partially development. Firstly, we are NOT taking the â€Å"whole-refusing† conception. China is an ancient country with a history of more than 5000 years. Because of some historical and geographical reason, as well as the long-standing fabulous substantial and spiritual property, China has a Confucian traditional cultural value system, based on the concept of the â€Å"Great Union†, which has down from dynasty to dynasty, from generation to generation for thousands of years. This kind of typical Confucian value has been largely vanished into by the end of Chinese emperor era, nevertheless, it’s still deeply rooted in our ideology and moral value system nowadays, in some extent, has a profound influence via the course of our accepting to the western culture. Hence, and secondly, we are enduring the erosion of the western cultural impact irresistibly. My point is that, we are to treat the vary impact from two aspects, the side of positive and negative, I mean. As the aspect of positive influence, as to the western Scientism and Rationalism, the Humanism and humanistic literature, the neoteric idea of Democracy and Nomocracy, the advanced Modernism, and the continuable-developmnet strategy and many more, we are to enormously accept and manage, with the great confidence and generosity of our unique particularity of our nation-owned. Studying while collision, sublimating while impacted, enhancing while syncretized, this is the right way to these advantages that we can accept. Additionally, we ...

Impromptu Speech Activities for Elementary Students

Impromptu Speech Activities for Elementary Students Learning how to deliver an impromptu speech is part of meeting the oral communications standards. Use the following activities to help students practice their presentation skills. Activity 1: Speech Fluency The purpose of this exercise is for students to practice speaking clearly and fluently. To begin the activity, pair students together and have them choose a topic from the list below. Next, give students about thirty to sixty seconds to think about what they are going to say in their speech. Once they have gathered their thoughts, have students take turns presenting their speech to one another. Tip - To keep students on track, give each group a timer and have them set it for one minute for each presentation. Also, create a handout that students must fill out after their speech to give their partner feedback on the positives and negatives of their presentation. Possible Questions to Include in the Handout Was the message clear?Were the ideas organized?Did they speak fluently?Was their audience engaged?What can they do better next time? Topics to Choose From Favorite bookFavorite foodFavorite animalFavorite sportFavorite school subjectFavorite vacationFavorite holiday Activity 2: Impromptu Practice The purpose of this activity is for students to gain experience delivering one to two-minute impromptu speech presentations. For this activity, you can put students into groups of two or three. Once the group is chosen, have each group select a topic from the list below. Then allow each group five minutes to prepare for their task. After the five minutes is up, each individual from the group takes turns delivering their speech to the group. Tip- A fun way for students to get feedback is to have them record their presentation and watch (or hear) themselves on tape. The iPad is an excellent tool to use, or any video or audio recorder will work just fine. Topics to Choose From Any of the aboveGood newsExplain the rules of your favorite gameExplain how to make your favorite mealExplain your daily routine Activity 3: Persuasive Speech The purpose of this activity is for students to gain knowledge on how to give a persuasive speech. First, use the list of persuasive language techniques to give students examples of what should be included in their speech. Then, group students into pairs and have them each choose a topic from the list below. Give students five minutes to brainstorm a sixty-second speech that will persuade their partner to their point of view. Have students take turns delivering their speeches and then fill out the feedback form from Activity 1. Tip- Allow students to jot down notes or key words on an index card. Topics to Choose From Any current eventConvince listeners why you should be the presidentTry to sell the listeners the clothes you are wearingConvince the teacher to not give homework for a weekTry to convince the school board why they should have better food in the cafeteria Persuasive Language Techniques Emotional appeal: The speaker plays on peoples emotions, can manipulate the reader by triggering an emotional response.Descriptive language: The speaker uses words that are lively and vivid and engages the reader by inducing an emotion or producing a picture for them.Emotive language: The speaker uses language that plays on peoples feelings. There is a deliberate use of words to provoke an emotional response.Inclusive Language: The speaker uses language that engages the audience and sounds friendly.Alliteration: The speaker uses the same letter in two or more words to persuade by adding emphasis and reinforcing the meaning. (ex. cruel, calculating, and crooked)

Pros and Cons of the current Alcon IT management system Essay

Pros and Cons of the current Alcon IT management system - Essay Example Another major disadvantage of the management at Alcon is the autonomous operation of each of the business groups in the execution of their activities. They have adopted a culture of independent operation for each of the group and minimum cooperation among the groups. This leads to the independent execution of tasks from each group. Cooperation among different business groups in any organization helps in providing support and improves work handling. The position of Corporate Director of IT plays a vital role in the management hierarchy of the organization (Stair & Reynolds). Its long vacancy has affected the operation of the other groups below it in the hierarchy because they were operating without corporate governance. This put the organization at such a disadvantage that they had to create a new position to help with the situation. The decentralization of the management process can also play as a strength for the organization. This is in the sense that, with their own management of operations some groups will execute their operation better that others, hence singling out the poor performing branches. This can serve as a wakeup call for the improvement of the poor performing branches. The decentralization of operations also improves accountability in the dispensation and use of funds. With every branch allocated its own budget, accountability for the use of these funds in achieved more comprehensively The Alcan management also outsourced a lot of the work. This made then unaware of some of the workings and utilization of resources. The new enterprise architecture management system The vice president of Corporate Information Technology, Robert Ouellette had a vision of how he wanted to run the management at Alcan. After being brought on board, he performed an analysis and decided to come up with a new way of operation. His main target was to achieve cohesion and cooperation among the business groups. This was to be achieved at different levels. The new system, a lthough with advantages, did not come without a few setbacks. The main advantage of his system was development of better working relations among the departments. This helped improve work execution, although as a disadvantage, the lesser performing groups could easily go unnoticed, because their work seems complete. To tackle this, he made it a requirement, that in every team, the head of department and their officers were to report on the progress on their activities to higher management. This immensely improves accountability. The other major problem was the definition of roles in the management hierarchy. Due to unclear definition of roles, some activities were not properly executed. The advantage of Robert’s system is that, it clearly defines the roles of each position. Robert looked to reorganize the operations of the major braches in the organization. This was to be achieved by the implementation of the enterprise architecture. The architecture ideally centralizes operat ions and integrates the business activities of the organization with the IT infrastructure (Anderson). This greatly improves coordination among all the functions. This will lead to the creation of a centrally shared business center for the Information Systems within the organization. The disadvantage of this change is that implementation is mostly achieved at the management level; hence, the human resource at the

HIV1-Infection Drug Resistance Essay Example | Topics and Well Written Essays - 1000 words

HIV1-Infection Drug Resistance - Essay Example Antiretroviral therapy is the only existing response to the HIV/AIDS pandemic. The disease has already and continues to kill so many people in the world. The virus mutates to thrive in antiretroviral conquered environments. This is an obstacle as it will make scientists stop focusing on coming up with a cure and start thinking of fighting this resistance. There is the need, therefore, to understand why the virus mutates and consider the strength of second-line regimens treatments as an alternative. The middle-income countries face the most challenges in trying to solve the virus’ resistance to ART. There is need for independent organizations from developed countries to carry out researches to explain these Assumptions The paper makes the general assumption that, in all low and middle-income countries, the resistance and rate of spread are the same. The opportunistic infections are the same in the people living with the disease in the low and middle-income countries. In additio n to that, the assumption in this paper is that the resistance to antiretroviral therapy is due to mutation of the virus, and no other factors result in the case. Limitations The paper is limited in explaining the factors that contribute to the resistance observed in emerging cases. The reason or reasons as to why the virus mutates once it gets in new environments are not explained. Preview and Methodology The literature review in this paper looks at three different reports analyzing the emergence of the virus and its resistance nature.

The Art of Grilling Essay Example for Free

The Art of Grilling Essay After coming home from a long day of going to classes and studying there is one thing that I especially look forward to. Some people may want to go grab a beer or turn on the T. V and lounge around, but my vision of a perfect evening is one spent in front of a grill, cooking whatever it is Ive chosen for dinner. Im not sure why I like to grill so much but my guess would be because my dad loves to. Im from Tampa so it was never to cold to grill and a day rarely passed, rain or shine, that my dad wasnt out grilling something. I actually thought it was normal to grill everything, and I mean everything, until I was about 13. Fruits, vegetables, meat, you name it, my dad grilled it. Because I enjoy grilling so much I have decided to let you know exactly what the art of grilling is. Today Im going to discuss three topics, types of grills, types of food to grill, and to finish it off, some basic grilling techniques. The definition of grilling is cooking an ingredient over high heat, on a metal grill. On the grill food is cooked quickly because of the heat coming from a gas, electric, charcoal, or wood heat source. The first way to grill I will discuss is by using the wood grill. Wood grills are the oldest and most primitive way of cooking. Today wood grills are obviously more advanced than the one used by people hundreds of years ago, but the heat source is still the same, burning wood. Although charcoal and gas grills are more commonly used these days, wood grills are still thought of as a great heat source because it perfumes the grilled item with a smoky flavor. Experienced wood grillers' advice is to make sure to let the wood burn down in to embers before cooking, because grilling on an open flame will easily burn the food. According to the Culinary Education Center website, The best kind of wood to use when using a wood grill is hardwoods, such as fruit wood, hickory, or mesquite. The next types of grill I will be talking about are electric and gas grills. These two are usually grouped together because they are the easiest to use. Lighting them is as simple as pushing a button or flipping a switch. Also, unlike wood and charcoal grills, these grills keep a steady heat across the grilling surface. In the past, gas grills were always used more because of the electric grills inability to reach a high heat. Within the last couple years electric grills popularity has risen because of their new ability to reach and sustain a high heat and because they are considered safer in a home environment. These two types of grills are definitely the quickest way to cook dinner. The last type of grill I want to tell you about is the charcoal grill. Charcoal grills used to be the most common grill used in family homes, but as the electric and gas grills became more popular charcoal grills are now mostly used on camping trips or picnics. In addition to the other grills being safer, there is also a hassle in lighting charcoal grills. According to an article on the website of Learning the Art of Grilling at Home, charcoal grilling is cheaper but more troublesome to light and keep at a steady temperature. It takes 30- 45 minutes after lighting the charcoal until you can actually cook on it. Personally, charcoal grilling is my favorite because in my opinion it makes the food taste better. Unfortunately, because of the hassle that goes along with a charcoal grill, they are now a dying trend. Now that we have the three types of grills out of the way lets move on to what you can actually cook on them. The best types of foods to cook on a grill are red meat, poultry, vegetables, fish, and fruit. When choosing a red meat to grill you should try to get the most tender cut of meat, such as a filet or strip because on a grill there isnt enough time for the meat to tenderize by themselves. Another type of food to cook on the grill is chicken. Chicken is the most grilled items in households across the US. When cooking chicken, leaving the skin on will prevent the chicken from drying out and will also taste great when its finished. If you are cooking a skinless chicken breast you will need to be more careful because it is very easy to overcook them and dry the piece out. The same goes for fish. Fish tastes great on the grill but overcooking it will cause it to be dry and not taste very good. Vegetables such as squash, mushrooms, and peppers are also great. After a dip in oil, and some salt and pepper you will be amazed at how good they taste right off the grill. The last food that I will suggest cooking may surprise you. Fruits such as apples and pears are great after being thrown on the grill. All they need is just a little warm-up on the grill and it will completely enhance the flavors of the fruit. The taste will really surprise you. Ok, the last thing Im going tell you about today are some basic grilling techniques. First, you want to turn the grill on and turn the temperature to high, make sure the grill is hot. The Culinary Education Center says if the grill is not hot, it will be hard to develop the caramelized, smoky flavors of a properly grilled meat. Also, if the grill isnt hot the food youre cooking will stick to the grilling surface. After making sure the grill is hot you will want to clean off the grill surface with a wire brush. This cleans off any old pieces of food left on the grill. Finally you can now toss the food of your choice on. Barbeque N on the Internet says the goal of perfect grilling is to give the item delicious, brown grill marks on both sides, while making sure the item comes off the grill at jus the right amount of doneness. Today I hope I taught you a little bit about grilling that you didnt know before. I also hope you can now understand my weird obsession with grilling. An article I read in The Sun Valley Guide for Grilling said it best, food cooked over a fire, simply tastes better.

Averting Arguments: Nagarjuna’s Verse 29 Essay -- Nagarjuna Verse 29 E

Averting Arguments: Nagarjuna’s Verse 29 ABSTRACT: I examine Nagarjuna’s averting an opponent’s argument (Verse 29 of Averting the Arguments), Paul Sagal’s general interpretation of Nagarjuna and especially Sagal’s conception of "averting" an argument. Following Matilal, a distinction is drawn between locutionary negation and illocationary negation in order to avoid errant interpretations of verse 29 ("If I would make any proposition whatever, then by that I would have a logical error. But I do not make a proposition; therefore, I am not in error.") The argument is treated as representing an ampliative or inductive inference rather than a deductive one. As Nagarjuna says in verse 30: "That [denial] of mine [in verse 29] is a non-apprehension of non-things" and non-apprehension is the averting of arguments or "the relinquishing of all views." "Not making a proposition P" would be not speaking P or silence with regard to P (where P is some opposing view) and, as Sagal argues, not meaning a global l inguistic silence (where P stands for any proposition whatsoever). Such an interpretation would lead to attributing wholesale irrationalism to Nagarjuna-something I wish to avoid. In this paper I examine Nagarjuna averting an argument of an opponent (Verse 29 of Averting the Arguments), Paul Sagal's general interpretation of Nagarjuna, (1) and the former's conception of "averting" an argument. Since I focus my discussion around verse 29, we shall begin with it, then possible interpretations of it, and finally move to considerations of how to best characterize Nagarjuna's "stance" (for lack of a better word) given that verse. Verse 29: If I would make any proposition whatever [P], then by that I would have a logical error [E]... ...ent way (83). (5) See The Fundamental Wisdom of the Middle Way: Nagarjuna's Mulamadhyamkakarika, translation and commentary by Jay L. Garfield (New York: Oxford University Press, 1995). (6) Consult, e.g., J. N. Mohanty, "Indian Theories of Truth: Thoughts on Their Common Framework," Philosophy East and West, vol. 30, no. 4 (October, 1980): 439-451, esp. 441. (7) Garfield (note 5), 352: Verse "30. I prostrate to Gautama/Who through compassion/Taught the true doctrine,/Which leads to the relinquishing of all views." (8) Reprinted in Understanding Non-Western Philosophy, 180-181; and World Philosophy, 107-110. (9) David Michael Levin has an interesting, recent interpretation along these lines; see his "Liberating Experience from the Vice of Structuralism: The Methods of Merleau-Ponty and Nagarjuna," Philosophy Today, vol. 41, no. 1 (Spring 1997): 96-111. Averting Arguments: Nagarjuna’s Verse 29 Essay -- Nagarjuna Verse 29 E Averting Arguments: Nagarjuna’s Verse 29 ABSTRACT: I examine Nagarjuna’s averting an opponent’s argument (Verse 29 of Averting the Arguments), Paul Sagal’s general interpretation of Nagarjuna and especially Sagal’s conception of "averting" an argument. Following Matilal, a distinction is drawn between locutionary negation and illocationary negation in order to avoid errant interpretations of verse 29 ("If I would make any proposition whatever, then by that I would have a logical error. But I do not make a proposition; therefore, I am not in error.") The argument is treated as representing an ampliative or inductive inference rather than a deductive one. As Nagarjuna says in verse 30: "That [denial] of mine [in verse 29] is a non-apprehension of non-things" and non-apprehension is the averting of arguments or "the relinquishing of all views." "Not making a proposition P" would be not speaking P or silence with regard to P (where P is some opposing view) and, as Sagal argues, not meaning a global l inguistic silence (where P stands for any proposition whatsoever). Such an interpretation would lead to attributing wholesale irrationalism to Nagarjuna-something I wish to avoid. In this paper I examine Nagarjuna averting an argument of an opponent (Verse 29 of Averting the Arguments), Paul Sagal's general interpretation of Nagarjuna, (1) and the former's conception of "averting" an argument. Since I focus my discussion around verse 29, we shall begin with it, then possible interpretations of it, and finally move to considerations of how to best characterize Nagarjuna's "stance" (for lack of a better word) given that verse. Verse 29: If I would make any proposition whatever [P], then by that I would have a logical error [E]... ...ent way (83). (5) See The Fundamental Wisdom of the Middle Way: Nagarjuna's Mulamadhyamkakarika, translation and commentary by Jay L. Garfield (New York: Oxford University Press, 1995). (6) Consult, e.g., J. N. Mohanty, "Indian Theories of Truth: Thoughts on Their Common Framework," Philosophy East and West, vol. 30, no. 4 (October, 1980): 439-451, esp. 441. (7) Garfield (note 5), 352: Verse "30. I prostrate to Gautama/Who through compassion/Taught the true doctrine,/Which leads to the relinquishing of all views." (8) Reprinted in Understanding Non-Western Philosophy, 180-181; and World Philosophy, 107-110. (9) David Michael Levin has an interesting, recent interpretation along these lines; see his "Liberating Experience from the Vice of Structuralism: The Methods of Merleau-Ponty and Nagarjuna," Philosophy Today, vol. 41, no. 1 (Spring 1997): 96-111.

Is America a Christian Nation

â€Å"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. † Thomas Jefferson wrote those words to express the emotions of a nation that desired freedom, and to shake the foundation of the British Empire. However, this simple, but eloquent phrase has sparked one of the greatest debates in American history. Is America a Christian nation? One question has divided the nation and its politicians since the founding and forming of America.This fiery debate has sparked more controversy than any other debate in modern politics. When the facts are analyzed and examined it points to the side that America was not, and is not a Christian nation. It is not a Christian nation because the Founding Father’s ideas for this country were no meant to be entangled with a national religion. There are clear and precise arguments on both s ides, but one must put aside all biases and see that America’s founders had no intention of making America into a nation that was centered on one religion.Through their own writings, letters, and actions the founders have shown that creating a government that protected the rights and liberties of the people was the primary and fundamental goal. The War for American Independence was not fought because the colonists wanted to separate from England, which already had a national religion, to create another nation based on a religion. It was fought in order to free themselves from the tyrannical monarchs that lived hundreds of miles away. In order to discover the solution to this debate the founding of this nation must be analyzed in detail.Furthermore, it is important to look at this history because this debate deals directly with the founding principles, rather than the evolution of American government. The first question that must be asked is why the founders would be opposed t o a national religion (or Christian nation) if that is what they had before. For instance, one battle cry of the revolution was, â€Å"Give me liberty, or give me death! † It was not, give me religion or give me death, so it was clear to see that the people in America were not revolting because they felt their freedom of religion was in danger. It was an important part f their history though. As a matter of fact, the fear of religious persecution was not far removed from their memories. The men that had come to America had witnessed firsthand the results of a corrupt national church. They had come from the Anglican Church, which was created solely because Henry VIII wanted to divorce his wife. Many came to the colonies of America because the corrupt church was challenging their beliefs and not allowing them to worship as they saw fit. These men and woman realized that having a national religion did not give more rights or promote religion, but simply corrupted it.The founders believed that religion should be left up to the people to carry out how they see fit, without interference from any type of government. Those who claim that America was a Christian nation often point to the phrase in the â€Å"Declaration of Independence† where Jefferson invokes the name of the â€Å"Creator. † Even though this seems like a valid point, the truth is that Jefferson and many of the other Founding Fathers were not Christians, but rather Deists. This worldview states that a higher power created the universe and all those in it, but then left it alone and does not care or pay attention to his creation.Jefferson may have been referring to god, but it was certainly not the Christian God of the Bible. Like many of the prominent statesmen of that day, Jefferson knew who he was addressing. In the colonies, the majority of people would be considered Christians. Whether or not Jefferson or the other founders believed in the Christian God, they knew they had to se cure the support of the people. People, would certainly be more likely to follow a plan to take on the greatest empire in the world if they believed their cause was supported by God.Secondly, when supporters of the Christian nation idea point to the Declaration as proof they fail to realize something. The Declaration is not law. Nothing in the Declaration legally guides the way American government or its people function. Even though it set up the foundation for this new nation, it cannot be regarded as any type of legal document that would give evidence of a Christian based nation. However, even if someone were to look at the Declaration as proof, there are more misconceptions. The idea in the Declaration of a government that derives its power from the people is adically different from the theory of divine rights that is seen in the Christian kingdoms of the past. The founder’s idea of a government by and for the people completely rejects the idea of a government where man de rives the right to maintain power from a divine being. Moreover, if the founders had wanted to remain in that type of society than they could have used much simpler terms, rather than using the confusing, vague terms such as â€Å"Creator. † Since the Declaration is not in fact a law, one must look at the actual document that guides the way American government is supposed to act, the Constitution.If the founders had intended to create a Christian nation, then it would follow that their laws would follow in that way. However, this is not the case. In reality, it could not be further from the truth. For example, in Article VI section 3 of the Constitution it states that will be no religious test for public office. If the founders intended for a national religion, then why not make influential, political figures be held to some religious standard? Once again, the evidence points to the founders trying to avoid the route of so many of the nations that came before them.In yet anot her attempt to make sure there was no national religion, the 1st Amendment to Constitution states that, â€Å"Congress shall make no law respecting the establishment of religion, or prohibiting the free exercise thereof. † Clearly, the founders knew that establishing a national religion would result in the persecution of any other religion or belief system. Also, the establishment clause has been interpreted to mean there is a wall of separation between church and state, according to the Supreme Court. Even though this â€Å"wall† is not in the Constitution, it is implied through the 1st Amendment.Finally, the laws and fundamental beliefs were based off the ideas of John Locke and Greek philosophers. The argument that states that common law and the natural rights of man came from any type of religious belief system cannot be used. Therefore, the foundation of this country was not based on Biblical (or any other religious) standards, when it came to the policies and fun ctions of the US government. If the laws and history of the founders point to a rejection of national religion, what about how they lived out these policies? What did their actions and writings say about how they intended to run America?When one looks at the founder’s polices and laws, it is obvious that they never intended for America to have an established religion. Firstly, in 1779 Thomas Jefferson presented the â€Å"Virginia Statute for Religious Freedom† to an assembly in Virginia. This statute would greatly influence the 1st Amendment in that it was concerned with the corruption of national religion and the persecution of those who think differently. â€Å"Whereas, Almighty God hath created the mind free; that all attempts to influence it by temporal punishments or [burdens] or by civil incapacitations tend only to beget habits of hypocrisy and meanness. Clearly, the founders were aware of the eminent dangers that would follow creating an establishment of relig ion. Moreover, this statute was supported by James Madison, who is considered to be the author of the Constitution, and a group of Baptists that had been largely persecuted when there was an established religion. Furthermore, before the Constitution was ratified there was much debate over what type of government to have. â€Å"The Federalist Papers† were a series of essays defending the Constitution and a more powerful federal government than that of the Articles of Confederation.One of the main fears of the Federalists was the creation of factions. This meant groups, most likely political parties gaining control and causing a tyranny of the majority. Under the pseudonym â€Å"Publius† James Madison argued that even religious sects could become tyrannical when he wrote, â€Å"A religious sect may degenerate into a political faction in a part of the Confederacy; but the variety of sects dispersed over the entire face of it must secure the national councils against any danger from that source,† Obviously, this is an argument for a Union rather than a confederacy, but it clearly shows the founders fear of a national religion.They believed, like they had seen in the past that an established religion would be nothing more than a corrupt, political faction. Moreover, the most glaring, apparent proof that the founders did not want a national religion was when they were dealing with foreign nations. After the War for American Independence, the former colonies had to deal with the Barbary pirates themselves as they no longer had protection from England or France. Therefore a treaty was signed at Tripoli, in order to ensure peace and friendship between the two battling sides.This document was signed and ratified by President John Adams and was unanimously voted through by the Senate. Article 11 of the treaty states that, â€Å"As the Government of the United States of America is not, in any sense, founded on the Christian religion; as it has in its elf no character of enmity against the laws, religion, or tranquility, of Mussulmen; and, as the said States never entered into any war, or act of hostility against any Mahometan nation, it is declared by the part that no pretext arising from religious opinions, shall ever produce an interruption of the harmony existing between the two countries. Even though this was a treaty it showed what the founders truly believed about the nation that they had created. Furthermore, according to Article VI section 2 of the Constitution all treaties made by Congress shall become the supreme law of the land. There is the idea that this article was merely added to please the Muslim nation, which is a valid point. However, because it was a treaty it became law after it was ratified by the Senate. Why would the founders make such a bold statement that would become the supreme law of the land if they did not really mean it?It is apparent that the founders were clearly stating, in this treaty, what the y had already considered to be true. The study of history is important because it allows people to learn from the mistakes and errors of those in the past. The founders were some of the most intelligent men that have ever walked this earth and were certainly scholars of history. Therefore, they saw the corruption and persecution that was brought upon by the establishments of national religions.In no way were the founders hostile towards Christianity, Judaism, Deism, or any other religious beliefs. If anything, when the arguments are analyzed the founders were trying to protect religions and peoples religious beliefs more than anything else. By not allowing the establishment of religion they ensured that, for example, Christianity would be handled by the different churches and denominations of that religion, and not by a unitary government figure.Through their actions, writings, and policies it was evidently clear that America was never meant to be a Christian nation. In order to mai ntain the principles of liberty, the founding fathers had to create a nation where religion could flourish without the flaws and corruptions that come with combining a source of power with religious belief. If they had not done this, history would have surely repeated itself and the corruption of the church and government would have been much greater.

Best Online Trading Account- Width and Cost Analysis

| | |[pic] | | |BEST ONLINE TRADING ACCOUNT | | | |WIDTH AND COST ANALYSIS | | WEALTH AND INVESTMENT MANAGEMENT : (MGT-216) Submitted to: Dr. Shweta Anand By: HukumSingh Devendar Gautam Naveen Kumar Vijay Singh Vikash Chaudhary Yashpal SCHOOL OF MANAGEMENT GAUTAM BUDDHA UNIVERSITY GREATER NOIDA CONTENTS TOPIC 1. Executive Summary 2. Introduction Background of Stock Exchange in India 3. Theory of Share Market 4. Major Players 5. Methodology of Study 6. Objectives of Study 7. Comparative Study of Online trading portals 8. Conclusion 9. Reference EXECUTIVE SUMMARY This project as a whole can be divided into two parts. ? First part gives an insight about online trading and Dematerialization account. What is share trading and how buying and selling takes place. For trading, it is mandatory for us to have a demat or dematerialization account. How to open a demat account and what all documents are required was part of our study. Various terms used in share market such as bears and bulls, intraday, delivery, settlement, index, etc. ? The second part of project represents the major players of India and a small comparative analysis has been done on their basis of services given by these different online trading portals with their brokerage rates, annual maintenance charges, account opening charges and customer base. INTRODUCTION Background of Stock Exchange of India The emergence of stock market can be traced back to 1830. In Bombay, business passed in the shares of banks like the commercial bank, the chartered mercantile bank, the chartered bank, the oriental bank and the old bank of Bombay and shares of cotton presses. In Calcutta, Englishman reported the quotations of 4%, 5%, and 6% loans of East India Company as well as the shares of the bank of Bengal in 1836. This list was a further broadened in 1839 when the Calcutta newspaper printed the quotations of banks like union bank and Agra bank. It also quoted the prices of business ventures like the Bengal bonded warehouse, the Docking Company and the storm tug company. Between 1840 and 1850, only half a dozen brokers existed for the limited business. But during the share mania of 1860-65, the number of brokers increased considerably. By 1860, the number of brokers was about 60 and during the exciting period of the American Civil war, their number increased to about 200 to 250. The end of American Civil war brought disillusionment and many failures and the brokers decreased in number and prosperity. It was in those troublesome times between 1868 and 1875 that brokers organized an informal association and finally as recited in the Indenture constituting the â€Å"Articles of Association of the Exchange†. On or about 9th day of July,1875, a few native brokers doing brokerage business in shares and stocks resolved upon forming in Bombay an association for protecting the character, status and interest of native share and stock brokers and providing a hall or building for the use of the members of such association. As a meeting held in the broker’ Hall on the 5th day of February, 1887, it was resolved to execute a formal deal of association and to constitute the first managing committee and to appoint the first trustees. Accordingly, the Articles of Association of the Exchange and the Stock Exchange was formally established in Bombay on 3rd day of December, 1887. The Association is now known as â€Å"The Stock Exchange†. The entrance fee for new member was Re. 1 and there were 318 members on the list, when the exchange was constituted. The numbers of members increased to 333 in 1896, 362 in 1916and 478 in 1920 and the entrance fee was raised to Rs. 5 in 1877, Rs. 1000 in 1896, Rs. 2500 in 1916 and Rs. 48,000 in 1920. At present there are 23 recognized stock exchanges with about 6000 stock brokers. Organization structure of stock exchange varies. 14 stock exchanges are organized as public limited companies, 6 as companies limited by guarantee and 3 are non-profit voluntary organization. Of the total of 23, only 9 stock exchanges have been permanent recognition. Others have to seek recognition on annual basis. These exchange do not work of its own, rather, these are run by some persons and with the help of some persons and institution. All these are down as functionaries on stock exchange. These are 1. Stockbrokers 2. sub-broker 3. market makers 4. Portfolio consultants etc 1. ) Stockbrokers Stock brokers are the members of stock exchanges. These are the persons who buy, sell or deal in securities. A certificate of registration from SEBI is mandatory to act as a broker. SEBI can impose certain conditions while granting the certificate of registrations. It is obligatory for the person to abide by the rules, regulations and the buy-law. Stock brokers are commission broker, floor broker, arbitrageur etc. Detail of registered brokers |Total no. of registered brokers as on 31. 03. 2008 |Total no. of sub-brokers as on 31. 03. 008 | |9000 |24,000 | 2. ) Sub-broker A sub-broker acts as agent of stock broker. He is not a member of a stock exchange. He assists the investors in buying, selling or dealing in securities through stockbroker. The broker and sub-broker should enter into an agreement in which obligations of both should be specified. Sub-broker must be registered SEBI for a dealing in securities. For getting registered with SEBI , he must fulfill certain rules and regulation. 3. ) Market Makers Market maker is a designated specialist in the specified securities. They make both bid and offer at the same time. A market maker has to abide by bye-laws, rules regulations of the concerned stock exchange. He is exempt from the margin requirements. As per the listing requirements, a company where the paid-up capital is Rs. 3 crore but not more than Rs. 5 crore and having a commercial operation for less than 2 years should appoint a market maker at the time of issue of securities. 4. ) Portfolio consultants A combination of securities such as stocks, bonds and money market instruments is collectively called as portfolio. Whereas the portfolio consultants are the persons, firms or companies who advise, direct or undertake the management or administration of securities or funds on behalf of their clients. THEORY OF SHARE MARKET Stock Exchange: A common platform where buyers and sellers come together to transact in shares and stocks. Electronic Trading: Eliminates the need for physical trading floors. Brokers can trade from their offices using fully automated screen based processes. Their workstations are connected to a stock exchange’s central computer via satellite using Very Small Aperture Terminus (VSATs). The orders placed by the brokers reach the exchange’s central computer and are matched electronically. Stock Exchanges in India: The stock exchange Mumbai (BSE) and National Stock Exchange (NSE) are the country’s two leading stock exchanges. There are 20 other regional stock exchanges connected via Interconnected Stock exchange (ICSE). Index: An Index is a comprehensive measure of market trends intended for investors who are concerned with general stock market price movements. An index comprises stocks that have large liquidity and market capitalization. At NSE, the capitalization of NIFTY (fifty selected stocks) is takes as a base capitalization, with the value set at 1000. Similarly BSE sensitivity index consists of 30 stocks. The index value compares the day’s market capitalization vis-a-vis base capitalization and indicates how prices in general have move over a period of time. Stock: In financial market, stock refers to the supply of money that a company has raised. This supply comes from the people who have given the company money in hope that the company will make their money grow. Bears and Bulls: Bears are cautious animals who don’t like to move too fast. Bulls are bold who might charge right ahead. An investor is said to be bearish if he or she believes that the stock market will go down. A bearish investor will buy the stock cautiously. A â€Å"Bullish† investor believes that the market will go up. He or she will charge ahead and put more money into the market. An investor can be bearish or bullish about a particular kind of stock. Likewise the term â€Å"Bear Market† describes the time the stock prices have been falling on the whole. A â€Å"Bull Market† is a period when stock prices are generally rising. Dematerialization: What is a Demat? Demat is commonly used abbreviation of Dematerialsation, which is a process whereby securities like shares and debentures are converted from material (paper documents) into electronic data and stored into computers of an Electronic Depository. Requirements to Open a Demat Account: 1) PAN Card 2) Cancelled Cheque 3) Address Proof 4) Photo ID Proof trading: It is defined as a function when an investor buys or sells in the market. BUYING: 1. An investor gets order executed and makes payment to the broker. 2. Investor instructs his Depository Participant to expect credit on settlement day. Broker instructs his DP to debit his Clearing Member account on settlement day. 3. Before settlement day Broker makes payment to clearinghouse through Clearing Bank. 4. On settlement day clearing house releases shares to broker’s Clearing Member account which is then transferred to investors account through NSDL (National Securities Depository Limited). Investor gets credit in his account. Selling: 1. An investor gets order executed. 2. Investor instructs his Depository Participant to debit his account with immediate effect. The shares move from investors account to Brokers Clearing Member account via NSDL. A Broker clearing member accounts is credited. 3. Before settlement day broker transfers shares from his clearing member account to Clearinghouse via NSDL. His account is debited. 4. On settlement day Broker receives payment from clearing house which he passes on to the investor. Intraday Based Trading: Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions will usually (not necessarily always) be closed before the market close of the trading day. This is the opposite of After-hours trading. Traders that participate in day trading are called day traders. Delivery Based Trading: Delivery based trading involves buying shares on a market day, holding them and selling them only after receiving the delivery of those shares in demat account. ONLINE SHARE TRADING: Online Trading involves investment activity which takes place over the internet and it does not require physical inclusion of broker. An investor has to register with an online trading portal like Sharekhan. com, India Infoline. om and many companies like that and investor gets into an agreement with the firm to trade in different securities according to terms and conditions in the agreement. As the servers of the online portal are connected all the time to the stock exchange and designated banks the order processing is done in real time and the investors can also have updates on trading. They can also check the status of their order either through e-mails or through interf ace that it cannot be accessed by the third party. Some options are usually given to the users such as to link their bank account, Demat accounts and Brokerage account into a single interface. A single window is there for all exchanges and a single screen is there for the complete order routing mechanism. There are two broad models in play in the online brokerage space- 1) Bank-backed firms 2) Entrepreneur- floated firms Bank-backed firms: Bank-backed firms such as ICICIdirect. com and HDFC Securities have expanded on the basis of their brand name and trust of investors in them. The integrated 3-in-1 account offered by these companies help their parent bank by giving it accounts along with float income. Entrepreneurship-floated firms: Companies like India Infoline, Sharekhan, IndiaBulls, Religare and Karvy have expanded by offering the customers a mix of online and offline accounts, higher margin finance amount and lower brokerage rates. Advantages of Online Trading: 1) Provides with the freedom of information Through internet an investor can – ? Know the price of any stock he desires at any point of time on the internet. ? An investor can review the price history of any stock in the chart format online. ? The investor can follow in depth the events happening in the market. ? Consult with other online investors in any part of the world. Conduct extensive financial research of any company he desires. 2) Ensures the best price for the investors. 3) Provides instant trade execution 4) Provides level playing field. 5) Keeps information secure. 6) Instant order trade confirmation. 7) Consult on line help desk for queries. Disadvantages of Online Trading: 1) Brokerage is high as compared to off line 2) Privacy ca n be less due to hacking scandals. 3) Transactional errors due to technical problems. MAJOR PLAYERS OF INDIA The following are the major players: ? A. G. Shares & Securities ? India Bulls ? India Infoline ? Karvy Share khan ? ICICIDirect ? Motilal oswal Secureties ? Religare ? HDFC Securities ? Reliance Money A. G. SHARES & SECURITIES: A. G. Shares & Securities Ltd. (AGSSL)-(Sister Concern of India Casting Company) – a saga of success. Form a modest beginning in 1995 the Company has grown by leaps and bounds under the stewardship of Mr. Ajay Kumar Agarwal (Managing Director). AGSSL is an one stop shop providing gamut of financial services which include on line trading in NSE & Depository Services and Dematerialization of eligible securities, disbursement of corporate action benefits viz. non –cash benefits to the beneficial owner, settlement of securities traded on exchanges, pledging and hypothecation of eligible securities, stock lending and borrowings. Their sister concern namely â€Å" Seema Securities Pvt Ltd. â€Å" a member of BSE is providing various exclusive financial services related to BSE like on-line trading sale and purchase of Debenture, Shares, Warrants, sale and purchase of Shares. The other sister concern GKSSL having membership of NCDEX is also giving extra opportunity of clients to trade in most valuable exchanges. Products & Services: ? Broking with NSE in Cash Market Broking with BSE in Cash Market ? Dealing in Derivative trading in NSE & BSE ? NSDL Service ? CDSL Service ? Cash on sale ? Update services ? NCDEX Service ? MCX service INDIABULLS SECURITIES LIMITED Indiabulls Securities Limited was incorporated as GPF Securities Private Limited on June 9, 1995. The name of the company was changed to Orbis Securities Private Limited on December 15, 1995 to change the profile of the company and subsequently due to the conversion of the company into a public limited company; the name was further changed to Orbis Securities Lim ited on January 5, 2004. The name of the company was again changed to Indiabulls Securities Limited on February 16, 2004 so as to capitalize on the brand image of the term â€Å"Indiabulls† in the company name. ISL is a corporate member of capital market & derivative segment of The National Stock Exchange of India Ltd. At present, ISL accounts for approximately 3% of the total daily turnover of the Exchange with 32,359 client relationships and 70 branches spread across the country as of April 30, 2004. Products Offered by Indiabulls: ? Equity & Debt Stock Broking ? Insurance ? Commodity trading ? Depository Services ? Derivatives Broking Services Equity Research Services ? Mutual Fund Distribution ? IPO Distribution Type of Account Indiabulls Equity Trading Account Indiabulls Equity Trading Account is standard Online trading account from India bulls and along with online trading it also provides priority telephone access that gives you direct access to your Relationship Manager and full access to â₠¬ËœIndiabulls Equity Analysis'. Application Trading Terminal(Need Installation) Power Indiabulls Power Indiabulls trading terminal is the most advanced new generation trading platform with great speed. This trading terminal is built in JAVA. Power Indiabulls is extremely reach in features including Live Streaming Quotes, Fast Order Entry and execution, Tic by Tic Live Charts, Technical Analysis, Live News and Alerts, Extensive Reports for Real-time Accounting. Brokerage and fees : 1. Account opening fees : Rs 1200/- (One time non-refundable) as below: 250/- Equity Trading Account opening charge 200/- Demat Account opening charge 750/- Software changes Advantages of Indiabulls Equity Trading Account 1. Brokerage is less compare to other online trading companies. 2. Provide trading terminal ‘powerbulls', a java based software. It's very fast in terms of speed and execution INDIAINFOLINE SECURITY PRIVATE LTD India Infoline. com Securities Pvt. Ltd. is a wholly owned subsidiary of India Infoline. com Ltd and is the stock broking arm of India Infoline. com. The subsidiary was formed to comply with regulatory guidelines. www. 5paisa. com is a focused website for online stock market trading. 5paisa. com is a trade name owned by the India Infoline. com group. IILSPL has applied for trading membership of the BSE under Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Rules 1992. IILSPL is in the business of providing broking services online via the Internet (â€Å"E-broking Services†) and has been permitted by the NSE by way of registration permission no: NSEIL/CMO/INET/1103/2000 dated 03/July/2000, and will be applying for permission to the BSE, to provide E-broking Services to its clients. IILSPL is a TRADING MEMBER of the National Stock Exchange of India. Products Offered by IILSPL: ? Stock market: IILSPL deals in stock market by trading in equity and derivatives. ? Personal finance: It Deals In Mutual Fund and Insurance. ? Online Trading: It provides services in stock and commodity trading (through Internet). Trade In: BSE and NSE Trading Terminals: 5Paisa offers 2 different online trading terminals to its customers: Investor Terminal (IT) Investor Terminal is 5Paisa's equity trading terminal for low volume trader. This is web based terminal and could access from anywhere. This product provides limited features in comparison of Trader Terminal, which is another product provided by 5Paisa. Trader Terminal (TT) Trader Terminal is design for high volume equity traders or day traders. Trader Terminal provides high volume trading with powerful interface and fast order execution. Few popular features of trader terminal are: Fast trade execution with instant trade confirmation. o Live streaming quotes and price watch on any number of stocks. o Intra day charts, updated live, tick-by-tick. o Live margin, position, marked to market profit & loss report. o Set any number of price alerts on any number of scrips. o Flexibility to customize screen layout and setting. o Facility to customize any number of portfolios & watch lists. o Facility to cancel all pending orders at one click. o Facility to square off all transactions at one click. o Top Gainers, Top Losers, Most Active, updated live. o Index information; index chart, index stock information live. Market depth, i. e. Best 5 bids and offers, updated live for all stocks. o Online access to both accounts and DP to check live updated Order and Trade Book. o Facility to place after market orders. o Online fund transfer facility from leading Banks including ICICI, HDFC, CITI and UTI banks. o Online intra-day technical calls. o Historical charts and technical analysis tools. o India Infoline's world – acclaimed news service and research. o and many more. Brokerage and Account opening fees: 1. Account opening fees: Rs 500/- one time non refundable. 2. 5 paisa offer competitive rates. They charge only 5 paisa for Rs 100 of trade done, which is 0. 05%. brokerage. In case of trade that result in delivery, they charge an additional 0. 20% for back office and securities handling. Advantages of 5paisa 1. Very fast execution speed. 2. Rates are very competitive then other providers. 3. Easy online fund transfer facility from leading Banks including ICICI, HDFC, CITI and UTI banks. 4. Free facility of subscribing to mutual funds, equity IPOs and other investment products. Disadvantages of 5paisa 1. No intra-day tick by tick charts in Investor Terminal (IT). 2. Investing in IPO and Mutual Funds is not so easy like in ICICIDirect. . Learning 5paisa Trading Terminal is little hard. IPO / Mutual Funds investment through 5Paisa (IndiaInfoLine) 1. 5Paisa provides free facility of subscribing to mutual funds, equity IPOs and other investment products using internet banking account of ICICI, HDFC, CITI and UTI banks. 2. Registered users with 5Paisa can logon to following website to apply in an IPO: http://www. indiainfoline. com/ipo 3. While applying for IPO shares online through 5Paisa, Investor are taken to there corresponding banks homepage. Investors can use there net banking user id & password & transfer funds directly using any of these banks. . 5Paisa members can use the similar steps to invest in Mutual Funds online. KARVY GROUP Karvy is a premier integrated financial services provider, and ranked among the top five in the country in all its business segments, services over 16 million individual investors in various capacities, and provides investor services to over 300 corporate in India. Karvy has a professional management team and ranks among the best in technology, operations and research of various industrial segments. History of Karvy: The birth of Karvy was on a modest scale in 1981. It began with the vision and enterprise of a small group of practicing Chartered Accountants who founded the flagship company, Karvy Consultants Limited. They started with consulting and financial accounting automation and carved inroads into the field of registry and share accounting by 1985. Since then, karvy utilized its experience and superlative expertise to go from strength to strength, to better their services, to innovate, diversify and in the process, evolved as one of India’s premier integrated financial service enterprise. Product & Services Offered by Karvy Group: 1. Financial Products Distribution (Investments/Loans). . Karvy consultant ltd. 3. Karvy merchant banking. 4. Insurance(life/general) 5. Stock Broking 6. Commodities Broking 7. Mutual Funds Services SHAREKHAN: Sharekhan is one of the leading retail brokerage of Citi Venture which is running successfully since 1922 in the country. Earlier it was the retail broking arm of the Mumbai-based SSKI Group, which has over eight decades of experience in the stock broking business. Sharekhan offers its customers a wide range of equity related services including trade execution on BSE, NSE, Derivatives, depository services, online trading, investment advice etc. Sharekhan is one of India's leading financial services companies. They provide a complete life-cycle of investment solution in Equities, Derivatives, Commodities, IPO, Mutual Funds, Depository Services, Portfolio Management Services and Insurance. They also offer personalized wealth management services for High Net worth individuals. With a physical presence in over 300 cities of India through more than 800 â€Å"Share Shops†, and an online presence through Sharekhan. com, India's premier online destination, they reach out to more than 800,000 trading customers. Products Offered by Sharekhan: ? Equity Trading Platform (Online/Offline). ? Commodities Trading Platform (Online/Offline). ? Portfolio Management Service. ? Mutual Fund Advisory and Distribution. ? Insurance Distribution Trade In: BSE and NSE Type of Account Classic Account Trading Terminal ShareKhan Classic account Allow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer. a. Online trading account for investing in Equities and Derivatives b. Free trading through Phone (Dial-n-Trade) I. Two dedicated numbers for placing your orders with your cellphone or landline. II. Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers) III. Simple and Secure Interactive Voice Response based system for authentication IV. get the trusted, professional advice of our telebrokers V. After hours order placement facility between 8. 00 am and 9. 30 am c. Integration of: Online trading + Bank + Demat account d. Instant cash transfer facility against purchase & sale of shares e. IPO investments f. Instant order and trade confirmations by e-mail g. Single screen interface for cash and derivatives ShareKhan SpeedTrade account This accounts for active traders who trade frequently during the day's trading session. Following are few popular features of SpeedTrade account. h. Single screen interface for cash and derivatives i. Real-time streaming quotes with Instant order Execution & Confirmation j. Hot keys similar to a traditional broker terminal k. Alerts and reminders l. Back-up facility to place trades on Direct Phone lines Brokerage: Some stock trading companies charge direct percentage while others charge a fixed amount per Rs 100. Sharekhan charges 0. 5% for inter day shares and 0. 1% for intra day or you could say Sharekhan charges 50 paise per Rs 100. Advantages of Sharekhan: 1. Online trading is very user friendly and one doesn't need any software to access. 2. They provides good quality of services like daily SMS alerts, mail alerts, stock recommendations etc. 3. Sharekhan has ability to transfer funds from most banks. Unlike ICICI Direct, HDFC Sec, etc. so investor not really needs to open an account with a particular bank as it can establish link with most modern banks. Disadvantages of Sharekhan: 1. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below 20 rs. (If you trade, you will loose majority of your money in brokerage). 2. Lots of hidden rules and charges. 3. They do not provide facility to book lim it order trades during after-hours. 4. Classic account holders cannot trade commodities. 5. Cannot purchase mutual funds online ICICI DIRECT: ICICIDirect (or ICICIDirect. com) is stock trading company of ICICI Bank. Along with stock trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds and Bonds. Trading is available in BSE and NSE. Trade In: BSE and NSE Type of Account ICICIDirect offers 3 different online trading platforms to its customers: 1. Share Trading Account Share Trading Account by ICICIDirect is primarily for buying and selling of stocks in BSE and NSE. This account allows Cash Trading, Margin Trading, MarginPLUS Trading, Spot Trading, Buy Today Sell Tomorrow and Call and Trade on phone. ICICIDirect. com website is the primary trading platform for this trading account. They also provide installable application terminal based application for high volume trader. 2. Wise Investment Account Along with stock trading and IPO investing in BSE and NSE, Wise Investment account also provide options to invest in Mutual Funds and Bonds online. Online Mutual funds investment allows investor to invest on-line in around 19 Mutual Fund companies. ICICI Direct offers various options while investing in Mutual Funds like Purchase Mutual Fund, Redemption and switch between different schemes, Systematic Investment plans, Systematic withdrawal plan and transferring existing Mutual Funds in to electronic mode. This account also provides facility to invest in Government of India Bonds and ICICI Bank Tax Saving Bonds. ICICIDirect. com website is the primary tool to invest in Mutual Funds, IPOs, Bonds and stock trading. 3. Active Trader Account Active Trader account gives more personalized investment options to the investors. It allows investor to use online and offline stock trading. It also provides with independent market expertise and support through a dedicated Relationship Manager from ICICI. Active Trader also provides commodity trading. Brokerage and fees 1. Account opening fees : Rs 750/- (One time non-refundable) 2. Brokerage : ICICIDirect. com brokerage varies on volume of trade and inclusive of demat transaction charges, service taxes and courier charges for contract notes. It ranges from 0. 1% to 0. 15% for margin trades, 0. 2% to 0. 425% for squared off trades and 0. 4% to 0. 85% on delivery based trades. Advantages of ICICIDirect 1. 3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI and very well integrated. This feature makes ICICI the most interesting player in online trading facility. There is absolutely no manual interfere require. This is truly online trading environment. 2. Unlike most of the online trading companies in India which require transferring money to the broker's pool or towards deposits, at ICICIDirect you can manage your own demat and bank accounts through ICICIdirect. com. Money from selling stock is available in ICICI bank account as soon as the ICICIDirect receive it. 3. Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard. 4. Trading is available in both BSE and NSE. Disadvantages of ICICIDirect 1. Getting access to ICICIDirect. com website during market session can be frustrating. 2. ICICIDirect brokerage is high and not negotiable. 3. Not all stocks are available under Margin Plus. MOTILAL OSWAL SECURITIES: Incorporated in 1987, Motilal Oswal Securities Ltd is a well diversified financial services firm offering a range of financial products and services such as Wealth Management, Broking & Distribution, Commodity Broking, Portfolio Management Services, Institutional Equities, Private Equity, Investment Banking Services and Principal Strategies. Company have a diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. They are headquartered in Mumbai and as of September 30th, 2009, had a network spread over 576 cities and towns comprising 1,257 Business Locations operated by them. As at September 30th, 2009, company had 5,80,667 registered customers. Type of Account Most E-Broking MOSt E-Broking is complete online stock trading solution for Indiaian stock market. Following are the features of MOSt E-Broking account: o Easy single screen trader with instant trade confirmation similar to exchange based trading terminals. o Access to various online reports like margin report, Demat A/c details, trades executed, turnover report, net position report with mark to market profit/loss and realized profit. o Online transfer funds through HDFC Bank Awards 1. 2005, Asiamoney Brokers ranked MOSt the best Indian brokerage firm in India. 2. March 2006, AQ Research declared MOSt the best research house for Indian stocks. RELIGARE : Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company. Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. Company offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare retail network has more than 900 locations in 300 cities and towns in India. Religare provides the online gateway to their investors so investor can trade online in Equities, Commodities, apply for IPOs, invest in Mutual Funds, and buy Insurance. Religare Securities Limited (RSL) is a subsidiary company of Religare Enterprises Ltd and involve in equity related services include online trading at BSE and NSE, Derivatives, commodities, IPO, Mutual fund, Investment banking and institutional broking services. People who wonder where Religare word came from, it's a Latin word meaning ‘to bind together'. Type of Account Religare offers its wide range of financial services though a sophisticated and customized trading platform – R-ACE (Religare Advanced Client Engine). Below are 3 flavors of R-ACE accounts available to the investors. 1. R-ACE (Basic) R-ACE (Religare Advanced Client Engine) the basic online trading account provided by Religare. Investor can trade and access their account information online and over the phone as well. This account comes with a browser based online trading platform and no additional software installation needed. 2. R-ACE Lite (Advanced) R-ACE Lite is the advanced trading platform for the investor of Religare. This trading account provides the entire feature of R-ACE (Basic) account. In addition it also provides real-time streaming stock quotes and alerts. This trading platform is also browser based and no software installation is needed. 3. R-ACE Pro (Professional) As the name indicates this account is for high volume traders. Along with the features from above 2 accounts, this account also comes with Trading Terminal software which needs to install on your computer. This terminal directly connects the investor to stock market and having all industry standard Treading terminal features including technical charting (intra-day and EOD), multiple watch list, advanced hot-key functions for faster trading, derivative chains, futures & options calculator etc. As in basic and advance account, trading is available online through internet and offline though phone. Brokerage and Account opening fees: Religare offers three kinds of accounts as above. Below are detail about fees and activation charges for each account: 1. R-ACE Account activation charges Rs. 299/-. Minimum margin of Rs. 5000/- required. 2. R-ACE Lite Account activation charges Rs. 499/-. Minimum margin of Rs. 5000/- required. 3. R-ACE Pro Account activation charges Rs. 999/-. Minimum margin of Rs. 10,000/- required. 4. Brokerage at Religare On the basis of volume and frequency of trading, Religare provide different options for brokerages. On the broader way they divided into three categories: o Classic Account Intraday brokerage varies from 0. 03% to 0. 05%. Delivery brokerage varies from 0. 30% to 0. 50%. Derivatives brokerage varies from 0. 3% to 0. 5%. o Classic Plus Fees: Rs 600 Validity Period 6 Months Intraday brokerage varies from 0. 03% to 0. 05%. Delivery brokerage varies from 0. 30% to 0. 50%. o Freedom Account In this payment plan, investor has to pay a fix amount in advance for Monthly (Rs 500), Quarterly (Rs. 1400), Half-yearly (Rs 2500) or Annual Subscription (Rs 4000). This one time payment enable account holder to trade for Rs. 3,00,000 intraday & derivative trading and Rs. 40,000 of delivery based trading for zero brokerage. o Trump Account Trump account has four payment options, Trump Plus, Trump Super, Trump Star and Trump Super Star plan. ? Trump Plus has annual subscription fees of Rs 2,500, Brokerage on Delivery Trades is 0. 25% and Brokerage on Intraday Trades & F Trades is 0. 025%. ? Trump Super has annual subscription fees of Rs. 15,000, Brokerage on Delivery Trades is 0. 15% and Brokerage on Intraday Trades & F Trades is 0. 015%. ? Trump Star has annual subscription fees of Rs. 50,000, Brokerage on Delivery Trades is 0. 10%, Brokerage on Intraday Trades is 0. 01% and Brokerage on Future Trades is 0. 08%. ? Trump Super Star has annual subscription fees of Rs. 1,00,000, Brokerage on Delivery Trades is 0. 10% and Brokerage on Intraday Trades & F Trades is 0. 005%. Advantages of Religare 1. Religare gives interest on unutilized cash when investor is waiting to make next trade or online investment. 2. They provide intraday reports and historical charting. 3. Varity of fee structure to fulfill need of different type of investors HDFC SECURITIES: HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. Funds / shares are seamlessly moved from the linked Demat/Bank account to execute the transactions. HDFCsec provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and BSE, Trade on Futures & Options on the NSE and Online IPO Investment. Features on HDFC Securities Online trading : 1. Seamless Transactions – By integrating your accounts, we ensure minimal waste of time during movement of your funds and shares. . Speed – Orders are placed electronically, so proceeds are available instantly. 3. No manipulation – To prevent any mismanagement, we will send you an email confirmation, the minute your order is executed. 4. Safety and Security – HDFC Securities offer the highest level of security such as 128-bit encryption technology. 5. Dedicated and Separate contac t numbers – for trading over the phone as well as for customer care. RELIANCE MONEY: Reliance Money, A Reliance Capital Limited Company, is the financial services division of Reliance Anil Dhirubhai Ambani (ADA) Group. Reliance ADA group is among top 3 business houses in India with wide range of presence across various sectors. Group’s major interests ranges from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment. Reliance Money has over 22 lakhs customers and more then 10'000 branches in around 5000 cities in India. Company is among the largest broking and distribution house of financial products and having share of more then 3% of total stock market volume at BSE & NSE. RelianceMoney. com is the web based investment portal (with Online Stock Trading) from Reliance Money. This website enables its customer to invest & manage most of the services provided by Reliance Money including Equity (Stock) Trading, Commodity Trading, Derivatives, Mutual Fund Investment, IPO Investment, Life Insurances, General insurances, Money Transfer, Forex exchange, Gold Coins and Credit Cards Services. Company recently entered in to Wealth Management with tools like investment in equity-linked portfolio management services, structured products, insurance and mutual funds. The Reliance Money stock trading websites uses special security features ‘Security Token', which makes your online trading experience more secure without complexity. Stock Trading through RelianceMoney. com is available for BSE and NSE stock exchanges. Offline trading is also available through Reliance Money partners in more then 5000 city across India and through phone by dialing 022-39886000. Investment Options The investment options available with Reliance Money online portal are as below: 1. Equity (Stock) Trading at BSE, NSE and NSE F&O 2. IPO Investment 3. Derivatives Trading 4. Forex Trading 5. Commodity Trading(Gold, Silver, Crude etc†¦. ) at MCX, NCDEX and NMCE (FAQ's) 6. Mutual Fund Investment 7. Life & General Insurance 8. ‘Pure Swiss' Gold Coins (99. 99% pure, 24 carat) Trading Platforms Reliance Money provides 3 different trading platforms for equity trading: 1. Insta Trade 2. Fast Trade 3. Easytrade Reliance Money Technical Analysis (A paid service) Relance Money offers a simplified, automated, sophisticated technical analysis to Indian retail broking consumers with the help of Recognia's Technical Analysis tools. Recognia, a Canada based company, has proprietary pattern recognition technology capable of recognizing patterns in the price charts of any publicly traded financial instrument including stocks, bonds, funds, commodities, currencies and indexes. The technical services are available for introductory free 7-day trail period to Reliance Money users. Post the trail period, this service is available to users at a nominal subscription of Rs. 99 for 3 months/ Rs. 179 for 6 months/ Rs. 299 for a year, i. e. , less than Re 1 a day. Reliance Money Brokerage and fees: Reliance Money offers lowest brokerage rates in today's online stock trading industry in India. The brokerages are as low as 0. 075% for delivery based trading and 0. 02 for now delivery. For more detail about Reliance Money’s brokerage and fees visit the below section of this webpage. Reliance Money Demat Account Charges: |Fee Head |DP Charges | |Annual Services Charges – For Individuals / HUFs / Trust |Rs. 0/- | |Annual Services Charges – For NRIs / Foreign Nationals, Corporates / Others |Rs. 1000/- | |Transaction Charges – SELL (Market & Off Market) |Rs. 25/- | |For instructions given in physical form. | | |Transaction Charges – SELL (Market & Off Market) |Rs. 12/- | |For instructions received through Internet/ online trading through Reliance Securities Ltd. | Advantages of Reliance Money 1. Extra security features with ‘Security Token†, which is the most secure and tested technology in computer world. 2. Simple, easy and fast onlin e stock trading. 3. Almost all investment options are available under one account including Equity Trading, Derivatives, Forex, Commodity, IPO, Mutual Funds and Insurance. 4. Branches are available in all major cities and the number is growing. METHODOLOGY OF STUDY Research can be defined as a systemized effort to gain new knowledge. A research is carried out by different methodologies which have their own pros and cons. Research methodology is a way to solve research in study and solving research problems along with logic behind them are defined through research methodology. Thus while talking about research methodologies we are not only talking of research methods but also consider the logic behind the methods. We are in context of our research studies and explain why it is being used a particular method or technique and why the others are not used. So that research result is capable of being evaluated either by researcher himself or by others. Research Methodology: Research has its special significance in solving various operational and planning problems of business and industry. Research methodology is a way to systematically analyze the research problem. Sampling Methods: A sample is the representative of the population which will predict the behavior of the whole universe While deciding about the method of data collection to be used for the study the researcher should keep two types of data. . Primary Data. 2. Secondary Data. We use in our research secondary data. Primary means collected a fresh, and the first time data and secondary means which are already available like annual report, magazines etc. Limitations: Every work has its own limitations. Limitations are extent to which the process should not exceed. The following limitations for the project are: ? Data taken was secondary ? A time constraint has also become a maj or limitation ? Complete data was not available due to company privacy and secrecy Objectives of Study: Understand basics of Online Stock Market Trading in India. ? Provide detail about popular online stock trading companies in India. ? Compare and discuss about stock trading websites, their products and services ? To study the awareness of people towards online trading & demat account. ? To study customer satisfaction towards operating expenses of online trading. ? To study the client’s satisfaction towards network security & security of their money. CONCLUSION ? The brokerage rates of A. G. Shares and Securities are maximum, i. . 9 paisa intraday and 90 paisa delivery while brokerage rates of Reliance Money are minimum, i. e. 2 paisa intraday and 7. 5 paisa delivery rate. ? The account opening charges for Indiabulls is maximum while it is nil at India Infoline, Sharekhan and HDFC Securities. ? The AMC at India bulls and Sharekhan are Nil while maximum in Religare Rs 1200 p. aOn the basis of our analysis Reliance Money is the best online trading account because it charges minimum brokerage rates and less annual maintenance charges ? Branches are available in all major cities and the number is growing ? It is very difficult to find out the best online trading account but in a web survey ICICIDirect was founded the best online trading account. ? Second no. was given to India infoline REFERENCE 1) http://www. chittorgarh. com/newportal/online-stock-brokers-list. asp 2) www. indiainfoline. com 3) www. 5paisa. com 4) www. sharekhan. com 5) www. indiabulls. com 6) www. agssl. com 7) www. karvy. com 8) www. wikipedia. com [pic]

Ptolemys Contributions to Geography

Ptolemys Contributions to Geography Not much is known about the life of the Roman scholar Claudius Ptolemaeus who is more commonly known as Ptolemy. However, he was estimated to have lived from approximately 90 to 170 CE and worked in the library at Alexandria from 127 to 150.   Ptolemys Theories and Scholarly Works on Geography Ptolemy is known for his three scholarly works: the  Almagest- which focused on astronomy and geometry, the  Tetrabiblos- which focused on astrology, and, most importantly, Geography- which advanced geographic knowledge. Geography consisted of eight volumes. The first discussed the problems of representing a spherical earth on a flat sheet of paper (remember, ancient Greek and Roman scholars knew the earth was round) and provided information about map projections. The second through seventh volumes of the work was a gazetteer of sorts, as a collection of eight thousand places around the world. This gazetteer was remarkable for Ptolemy invented latitude and longitude- he was the first to place a grid system on a map and use the same grid system for the entire planet. His collection of place names and their coordinates reveals the geographic knowledge of the Roman empire in the second century. The final volume of Geography was Ptolemys atlas,  featuring maps that utilized his grid system and maps that placed north at the top of the map, a cartographic convention that Ptolemy created. Unfortunately, his gazetteer and maps contained a great number of errors due to the simple fact that Ptolemy was forced to rely upon the best estimates of merchant travelers (who were incapable of accurately measuring longitude at the time). Like much knowledge of the ancient era, the awesome work of Ptolemy was lost for over a thousand years after it was first published. Finally, in the early fifteenth century, his work was rediscovered and translated into Latin, the language of the educated populace. Geography gained rapid popularity, and there were more than forty editions printed from the fifteenth through sixteenth centuries. For hundreds of years, unscrupulous cartographers of the middle ages printed a variety of atlases with the name Ptolemy on them, to provide credentials for their books. Ptolemy erroneously assumed a short circumference of the earth, which ended up convincing Christopher Columbus that he could reach Asia by sailing west from Europe. Additionally, Ptolemy showed the Indian Ocean as a large inland sea, bordered on the south by Terra Incognita (unknown land). The idea of a large southern continent sparked countless expeditions. Geography had a profound effect on the geographical understanding of the world in the Renaissance and it was fortunate that its knowledge was rediscovered to help establish geographical concepts that we almost take for granted today. Note that the scholar Ptolemy is not the same as the Ptolemy who governed Egypt and lived from 372-283 BCE. Ptolemy was a common name.

Slaves Who Built the White House

Slaves Who Built the White House It has never been a closely held secret that enslaved Americans were part of the work force that built the White House and the United States Capitol. But the role of slaves in the building of great national symbols has generally been overlooked, or, even worse, purposely obscured. The role of enslaved workers had been so widely ignored that when First Lady Michelle Obama made reference to slaves building the White House, in her speech at the Democratic National Convention in July 2016, many people questioned the statement. Yet what the First Lady said was accurate. And if the idea of slaves building symbols of freedom such as the White House and Capitol seems odd today, in the 1790s no one would have thought much of it. The new federal city of Washington would be surrounded by the states of Maryland and Virginia, both of which had economies that depended on the labor of enslaved people. And the new city had to be constructed on the site of farmland and forests. Countless trees had to be cleared and hills had to be leveled. When the buildings began to rise, massive amounts of stone had to be transported to construction sites. Besides all the grueling physical labor, skilled carpenters, quarry workers, and masons would be needed. The use of slave labor in that environment would have been seen as ordinary. And that is probably why there are so few accounts of the enslaved workers and exactly what they did. The National Archives holds records which document that the owners of slaves were paid for the work performed in the 1790s. But the records are sparse, and only list slaves by first names and by the names of their owners. Where Did the Slaves In Early Washington Come From? From the existing pay records, we can know that the slaves who worked on the White House and the Capitol were generally the property of land owners from nearby Maryland. In the 1790s there were a number of large estates in Maryland worked by slave labor, so it would not have been difficult to hire slaves to come to the site of the new federal city. At that time, some counties of southern Maryland would have contained more slaves than free people. During most of the years of construction of the White House and Capitol, from 1792 to 1800, the commissioners of the new city would have hired about 100 slaves as workers. Recruiting the enslaved workers may have been a fairly casual situation of simply relying on established contacts. Researchers have noted that one of the commissioners responsible for building the new city, Daniel Carroll, was a cousin of Charles Carroll of Carrollton, and a member of one of Marylands most politically connected families. And some slave  owners who were paid for the labor of their enslaved workers had connections to the Carroll family. So its conceivable that Daniel Carroll simply contacted people he knew and arranged to hire enslaved workers from their farms and estates. What Work Was Performed By Slaves? There were several phases of work that needed to be done. Firstly, there was a need for ax men, workers skilled at felling trees and clearing land. The plan for the city of Washington called for an elaborate network of streets and wide avenues, and the work of clearing timber had to be done fairly precisely. Its likely that owners of large estates in Maryland would have had slaves with considerable experience at clearing land. So hiring workers who were quite competent would not have been difficult. The next phase included moving timber and stone from forests and quarries in Virginia. Much of that work was probably done by slave labor, laboring miles from the  site of the new city. And when the building material was brought to the site of present day Washington, D.C., by barges, it would have been transported to the building sites on heavy wagons. The skilled masons working on the White House and Capitol were probably helped by tending masons, who would have been semi-skilled workers. Many of them were probably slaves, though its believed that free whites and enslaved blacks worked at those jobs. A later phase of construction required a considerable number of carpenters to frame and finish the insides of the buildings. The sawing of large amounts of lumber was also likely the work of enslaved workers. When the work on the buildings was finished, its assumed that the enslaved workers returned to the estates where they had come from. Some of the slaves might have only worked for a single year, or a few years, before returning to the enslaved populations on Maryland estates. The role of the slaves who worked on the White House and Capitol was essentially hidden in plain sight for many years. The records existed, but as it was an ordinary work arrangement at the time, no one would have found it unusual. And as most early president owned slaves, the idea of slaves being associated with the presidents house would have seemed ordinary. The lack of recognition for those enslaved workers has been addressed in recent years. A memorial to them has been placed in the U.S. Capitol. And in 2008 CBS News broadcast a segment on the slaves who built the White House.

Analysis of Cross Cultural Consumer Behavior and marketing Term Paper

Analysis of Cross Cultural Consumer Behavior and marketing communication - Term Paper Example There are different sections of consumer in a society formed according to the basis of monthly household income for example lower income class, higher income class etc. (Earl and Kemp, 2002) The purchasing behavior of a consumer partly depends on Consumer Psychology. A purchase decision confronts the consumer with a host of potential changes. Most important is the problem structuring that occurs prior to taking any decision: becoming aware of the need or availability of a new product or service, collecting information of alternatives, and thinking about the future circumstances relevant to the purchase decision & also considering the possible outcomes contingent to the decision. Now these types of action vary within the different sections of consumers. In this context the marketing of the product or the branding has a quite influence on the consumer purchasing behavior. (Earl and Kemp, 2002; Zaichkowsky, 2006). During the current phase of globalization, branding has a lot of influenc e on middle class consumers also. To buy a product, consumers first think about the quality of the product. If two different brands of a kind of product with more or less same appearance, & same price are there in the market, brand name & its branding effect matters a lot. Consumers often judge on the basis of various informational cues that they associate with the product. Thus, proper marketing of a product is extremely vital in a market economy. Hence, marketing communications play an important role in creating demand for any market in any market. The main key to success for any firm is the application of appropriate business strategy. To ensure high customer base along with substantial growth in business, a firm needs to devise several strategies regarding the production process, marketing, distribution etc. and efficiently implement them. Among all these strategies, proper planning regarding marketing of the products is very crucial for creating demand in the markets. Unless an appropriate marketing technique is adopted by a firm, it would not be able to attract customers towards its products and business would automatically fail. Now marketing is quite a broad area which embraces various aspects like price, place, promotion and product. These four aspects form a marketing mix of a firm. As far as the issue of marketing communications is concerned, it actually refers to the area of ‘promotion’ in a marketing mix. The term ‘communication’ refers to exchange of information. An interesting feature of communication is that although it simply implies flow of information among people, it does not mean one-way exchange of information. A successful communication takes place when the receiver of a message actually receives the message and provides proper response. Advertising is a very useful tool for communicating with potential customers. (Egan, 2007) Advertising strategies, however, vary across culture. Cultural differences are very pr ominent across the nations. Thus, one particular advertising or promotional formula will not be appropriate for every culture. There are various cultural dimensions that are required to take into account at the time of designing any advertisement. For example, the cultural aspects of western countries are quite different from the cultural values of the eastern nations. Thus, there exist significant differences in