impact of globalization in indian retail industrywwgreatmutha
This document discusses the impact of globalization on the Indian retail industry. It notes that while retail in India has traditionally been unorganized (97%), organized retail (3%) has grown since the 1990s economic reforms opened India to global markets. Foreign companies like Metro, Shoprite, Tesco, and several apparel brands have since entered the Indian market through partnerships or franchises. The growth of India's urban middle class and changing consumer preferences due to globalization have contributed to the rapid expansion of organized retail. The government now allows 100% FDI in single-brand retail and cash-and-carry wholesale, though multi-brand retail FDI remains restricted due to political opposition. Overall, retail is expected to keep growing at
Mind the Gap_Bridging the Gap Between Research and Design.
How can we ensure that research insights have the power to inform and inspire design? Communicating insights in ways that are meaningful, actionable, descriptive and aspirational demonstrate value and illustrate futures rich with customer understanding. Insight translation is the next step in design research providing alignment within companies and inspiration for designers.
Este documento discute la importancia de la lectura en la educación básica y presenta dos software para animar la lectura: Cuentos Interactivos y Cuentos Interactivos para iPad. Los beneficios de la lectura incluyen ayudar a los niños a conocer nuevas historias, aprender palabras nuevas, mejorar la expresión y escritura, y crecer espiritualmente. El software permite a los niños escuchar cuentos de manera interactiva y desarrollar vocabulario y conceptos mientras se divierten.
Este documento presenta un proyecto fotográfico sobre las necesidades de la comunidad y cómo las actividades individuales cotidianas impactan en ellas. Se pide a los estudiantes que identifiquen 3 necesidades clave de su comunidad, describan cómo sus propias acciones generan o perpetúan dichas necesidades, y tomen fotografías al respecto para crear conciencia sobre la responsabilidad individual.
impact of globalization in indian retail industrywwgreatmutha
This document discusses the impact of globalization on the Indian retail industry. It notes that while retail in India has traditionally been unorganized (97%), organized retail (3%) has grown since the 1990s economic reforms opened India to global markets. Foreign companies like Metro, Shoprite, Tesco, and several apparel brands have since entered the Indian market through partnerships or franchises. The growth of India's urban middle class and changing consumer preferences due to globalization have contributed to the rapid expansion of organized retail. The government now allows 100% FDI in single-brand retail and cash-and-carry wholesale, though multi-brand retail FDI remains restricted due to political opposition. Overall, retail is expected to keep growing at
Mind the Gap_Bridging the Gap Between Research and Design.
How can we ensure that research insights have the power to inform and inspire design? Communicating insights in ways that are meaningful, actionable, descriptive and aspirational demonstrate value and illustrate futures rich with customer understanding. Insight translation is the next step in design research providing alignment within companies and inspiration for designers.
Este documento discute la importancia de la lectura en la educación básica y presenta dos software para animar la lectura: Cuentos Interactivos y Cuentos Interactivos para iPad. Los beneficios de la lectura incluyen ayudar a los niños a conocer nuevas historias, aprender palabras nuevas, mejorar la expresión y escritura, y crecer espiritualmente. El software permite a los niños escuchar cuentos de manera interactiva y desarrollar vocabulario y conceptos mientras se divierten.
Este documento presenta un proyecto fotográfico sobre las necesidades de la comunidad y cómo las actividades individuales cotidianas impactan en ellas. Se pide a los estudiantes que identifiquen 3 necesidades clave de su comunidad, describan cómo sus propias acciones generan o perpetúan dichas necesidades, y tomen fotografías al respecto para crear conciencia sobre la responsabilidad individual.
The document discusses how each day provides a blank page in the book of one's life to write their own story. It encourages the reader to choose positive colors and experiences for the current day's page, as even adversity can be turned into beauty. The key is having an optimistic will and making peace with God and others, enjoying life's blessings as if it were the last day. It concludes by asking the reader to accept Jesus and have their name written in the Book of Life.
2014 REVISTA MEXICANA DE CIENCIAS GEOLÓGICAS - Study of Cedral Horses and the...Ruben LLumihucci
Se realizó un estudio detallado de un depósito único de huesos de caballo en Cedral, San Luis Potosí, centro de México. Se usaron caracteres morfológicos y morfométricos, así como análisis estadísticos bivariantes y multivariantes de los restos del cráneo y del esqueleto postcraneal y se compararon con restos de otras localidades del Pleistoceno mexicano. Se suministran las medidas del material estudiado así como la estimación de la masa corporal de cada una de las especies. Tres especies de caba- llo están representadas en varios depósitos del Pleistoceno superior de México, correspondientes a la edad de mamíferos Rancholabreana, los cuales pueden haber sido contemporáneos: un caballo de gran tamaño Equus mexicanus Hibbard, 1955 conocido desde la porción occidental de Estados Unidos de América hasta México y América Central; un caballo de tamaño mediano ampliamente distribuido Equus conversidens Owen, 1869 que se encuentra en la mayor parte de América del Norte y Central; y un nuevo caballo de pequeño tamaño Equus cedralensis sp. nov., conocido hasta ahora sólo en localidades mexicanas. El conocimiento de la presencia conjunta de estas tres especies en el Pleistoceno tardío de México (género Equus sp.) es importante para entender los modelos de diversidad y extinción en los primeros tiempos de la presencia humana en el continente. Adicionalmente, se proponen algunas inferencias ambientales, pero se requerirá de más estudios para ponerlas a prueba.
Palabras clave: taxonomía; Equus; especie nueva; Pleistoceno Tardío; México; Cedral.
The document analyzes the table of contents for Dazed+Confused magazine. It summarizes the key design elements used including the bold and eye-catching font matching the magazine logo. Imagery includes a vibrant photo of a model with unique styling to attract an experimental audience. White space and a linear layout keep the design simplistic. An extremely colorful background makes the page lively and appealing to readers.
Economic rationale behind the policy regarding foreign investment in theM Jha
This document provides background information on Australia's foreign investment policy and screening process. It discusses the economic benefits of foreign investment and the rationale for Australia's policy. The key points are:
1) Australia has historically relied on foreign investment to meet domestic investment needs due to a shortage of domestic savings. Foreign investment has supported economic growth and living standards.
2) Australia's foreign investment policy aims to balance the benefits of foreign investment with community concerns about foreign ownership. Investments above certain thresholds are screened by the government.
3) The screening process provides certainty for foreign investors while protecting national interests. It is also a low-cost, transparent way to oversee foreign investors in Australia.
Daniel Arévalo: Como incrementar a taxa de conversão através de reviewsRakuten Brasil
A empresa de tecnologia anunciou um novo produto revolucionário que combina hardware, software e serviços em nuvem. O dispositivo é pequeno, portátil e oferece conectividade sem fio para acessar aplicativos e armazenamento na nuvem. A empresa espera que o novo produto impulsione o crescimento e a liderança no mercado de dispositivos conectados.
Absorb user forum bvs in bifurcation dr vspvishwanath69
A 55-year-old male with diabetes and previous coronary artery disease underwent coronary angiography (CAG) which showed 50% lesion in the left anterior descending artery and a tight stenosis with calcium in the D1 branch. Percutaneous coronary intervention (PCI) was performed on the D1 branch with balloon angioplasty followed by deployment of an Absorb bioresorbable vascular scaffold (BVS). Optical coherence tomography (OCT) showed under expansion of the distal part of the scaffold. High pressure balloon dilatation was then performed to achieve complete apposition, which OCT confirmed along with decreased subintimal staining. The message conveyed is that BVS require proper preparation for calcific lesions, high pressure ballooning
Innovate Israel 2013 - Conference ReportDaniel Seal
Innovate Israel Conference - 4 December 2013, Central London
Chaired by Yossi Vardi & Marc Worth
Organised by AcreWhite in partnership with UK Israel Business
La presentazione raccoglie il lavoro realizzato per il Centro estero delle Camere di Commercio abruzzesi, che ha misurato il peso dell'export nella produzione del Pil regionale.
Absorb user forum bvs in bifurcation dr vspvishwanath69
A 55-year-old male with diabetes and previous coronary artery disease underwent a coronary angiogram that showed a 50% lesion in the LAD and a tight stenosis with calcium in the D1 branch. Percutaneous coronary intervention was performed on the D1 branch using a drug-eluting bioresorbable vascular scaffold. Optical coherence tomography showed incomplete expansion of the scaffold, so high-pressure balloon dilatation was performed, which improved apposition but also caused some subintimal staining. The case highlights the importance of proper preparation and high-pressure post-dilatation when using bioresorbable scaffolds in calcified lesions, as well as the value of OCT guidance.
Albanian Res by Dr Lorenc Gordani - SlidesLorenc Gordani
The document discusses Albania's hydropower capacity and renewable energy market perspectives within the context of EU policies for 2020 and 2030. It covers Albania's regulation on promoting renewable resources, the state of renewable resource implementation, hydropower deployment scenarios, financial effort scenarios by technology type, and revenue allocation from the hydroenergy sector to the state budget. It also provides forecasts for the renewable energy sector and previsions for different renewable energy technologies from 2015 to 2020.
FINTECH: The Gamechanger - All India Management Association - www.sourajitaiy...South Asia Fast Track
This document summarizes key aspects of fintech in India. It discusses how fintech combines technology with finance to provide more convenient, faster, and cheaper access to financial services. It notes that fintech innovation relies heavily on algorithms and data analytics. While fintech has impacted many financial segments, it has seen the most success in payments and transfers where many new platforms have launched mobile wallets and online payment options. Traditional banks and financial companies face challenges in fintech innovation due to outdated data systems and mindsets focused on people over technology.
Motilal Oswal Case Study in Switzerland financial magazine - Sep 2016South Asia Fast Track
1) Motilal Oswal Financial Services found itself needing to transform its business model in 2014 to improve its return on equity (ROE).
2) It focused on building four engines to drive sustainable ROE growth: 1) Returning to its core competence of active investing through new mutual funds. 2) Starting an affordable housing finance business, Aspire Home Finance, to deploy capital. 3) Committing its own capital to sponsor its asset management and private equity funds. 4) Restructuring its brokerage business to be more cost-efficient and focus on institutional clients.
Sourajit Aiyer - All India Management Association Indian Management journal -...South Asia Fast Track
1. The article discusses opportunities for private and foreign investment in India's higher education sector.
2. It notes that while private investment has been restricted to vocational and technical education, the school and university segments that make up the bulk of higher education lack quality and investment.
3. The article analyzes challenges like regulations limiting investment structures and profit models, and identifies opportunities for foreign players to partner with Indian institutions in areas like teaching, research, corporate training, and specialized professional courses.
The document discusses how each day provides a blank page in the book of one's life to write their own story. It encourages the reader to choose positive colors and experiences for the current day's page, as even adversity can be turned into beauty. The key is having an optimistic will and making peace with God and others, enjoying life's blessings as if it were the last day. It concludes by asking the reader to accept Jesus and have their name written in the Book of Life.
2014 REVISTA MEXICANA DE CIENCIAS GEOLÓGICAS - Study of Cedral Horses and the...Ruben LLumihucci
Se realizó un estudio detallado de un depósito único de huesos de caballo en Cedral, San Luis Potosí, centro de México. Se usaron caracteres morfológicos y morfométricos, así como análisis estadísticos bivariantes y multivariantes de los restos del cráneo y del esqueleto postcraneal y se compararon con restos de otras localidades del Pleistoceno mexicano. Se suministran las medidas del material estudiado así como la estimación de la masa corporal de cada una de las especies. Tres especies de caba- llo están representadas en varios depósitos del Pleistoceno superior de México, correspondientes a la edad de mamíferos Rancholabreana, los cuales pueden haber sido contemporáneos: un caballo de gran tamaño Equus mexicanus Hibbard, 1955 conocido desde la porción occidental de Estados Unidos de América hasta México y América Central; un caballo de tamaño mediano ampliamente distribuido Equus conversidens Owen, 1869 que se encuentra en la mayor parte de América del Norte y Central; y un nuevo caballo de pequeño tamaño Equus cedralensis sp. nov., conocido hasta ahora sólo en localidades mexicanas. El conocimiento de la presencia conjunta de estas tres especies en el Pleistoceno tardío de México (género Equus sp.) es importante para entender los modelos de diversidad y extinción en los primeros tiempos de la presencia humana en el continente. Adicionalmente, se proponen algunas inferencias ambientales, pero se requerirá de más estudios para ponerlas a prueba.
Palabras clave: taxonomía; Equus; especie nueva; Pleistoceno Tardío; México; Cedral.
The document analyzes the table of contents for Dazed+Confused magazine. It summarizes the key design elements used including the bold and eye-catching font matching the magazine logo. Imagery includes a vibrant photo of a model with unique styling to attract an experimental audience. White space and a linear layout keep the design simplistic. An extremely colorful background makes the page lively and appealing to readers.
Economic rationale behind the policy regarding foreign investment in theM Jha
This document provides background information on Australia's foreign investment policy and screening process. It discusses the economic benefits of foreign investment and the rationale for Australia's policy. The key points are:
1) Australia has historically relied on foreign investment to meet domestic investment needs due to a shortage of domestic savings. Foreign investment has supported economic growth and living standards.
2) Australia's foreign investment policy aims to balance the benefits of foreign investment with community concerns about foreign ownership. Investments above certain thresholds are screened by the government.
3) The screening process provides certainty for foreign investors while protecting national interests. It is also a low-cost, transparent way to oversee foreign investors in Australia.
Daniel Arévalo: Como incrementar a taxa de conversão através de reviewsRakuten Brasil
A empresa de tecnologia anunciou um novo produto revolucionário que combina hardware, software e serviços em nuvem. O dispositivo é pequeno, portátil e oferece conectividade sem fio para acessar aplicativos e armazenamento na nuvem. A empresa espera que o novo produto impulsione o crescimento e a liderança no mercado de dispositivos conectados.
Absorb user forum bvs in bifurcation dr vspvishwanath69
A 55-year-old male with diabetes and previous coronary artery disease underwent coronary angiography (CAG) which showed 50% lesion in the left anterior descending artery and a tight stenosis with calcium in the D1 branch. Percutaneous coronary intervention (PCI) was performed on the D1 branch with balloon angioplasty followed by deployment of an Absorb bioresorbable vascular scaffold (BVS). Optical coherence tomography (OCT) showed under expansion of the distal part of the scaffold. High pressure balloon dilatation was then performed to achieve complete apposition, which OCT confirmed along with decreased subintimal staining. The message conveyed is that BVS require proper preparation for calcific lesions, high pressure ballooning
Innovate Israel 2013 - Conference ReportDaniel Seal
Innovate Israel Conference - 4 December 2013, Central London
Chaired by Yossi Vardi & Marc Worth
Organised by AcreWhite in partnership with UK Israel Business
La presentazione raccoglie il lavoro realizzato per il Centro estero delle Camere di Commercio abruzzesi, che ha misurato il peso dell'export nella produzione del Pil regionale.
Absorb user forum bvs in bifurcation dr vspvishwanath69
A 55-year-old male with diabetes and previous coronary artery disease underwent a coronary angiogram that showed a 50% lesion in the LAD and a tight stenosis with calcium in the D1 branch. Percutaneous coronary intervention was performed on the D1 branch using a drug-eluting bioresorbable vascular scaffold. Optical coherence tomography showed incomplete expansion of the scaffold, so high-pressure balloon dilatation was performed, which improved apposition but also caused some subintimal staining. The case highlights the importance of proper preparation and high-pressure post-dilatation when using bioresorbable scaffolds in calcified lesions, as well as the value of OCT guidance.
Albanian Res by Dr Lorenc Gordani - SlidesLorenc Gordani
The document discusses Albania's hydropower capacity and renewable energy market perspectives within the context of EU policies for 2020 and 2030. It covers Albania's regulation on promoting renewable resources, the state of renewable resource implementation, hydropower deployment scenarios, financial effort scenarios by technology type, and revenue allocation from the hydroenergy sector to the state budget. It also provides forecasts for the renewable energy sector and previsions for different renewable energy technologies from 2015 to 2020.
FINTECH: The Gamechanger - All India Management Association - www.sourajitaiy...South Asia Fast Track
This document summarizes key aspects of fintech in India. It discusses how fintech combines technology with finance to provide more convenient, faster, and cheaper access to financial services. It notes that fintech innovation relies heavily on algorithms and data analytics. While fintech has impacted many financial segments, it has seen the most success in payments and transfers where many new platforms have launched mobile wallets and online payment options. Traditional banks and financial companies face challenges in fintech innovation due to outdated data systems and mindsets focused on people over technology.
Motilal Oswal Case Study in Switzerland financial magazine - Sep 2016South Asia Fast Track
1) Motilal Oswal Financial Services found itself needing to transform its business model in 2014 to improve its return on equity (ROE).
2) It focused on building four engines to drive sustainable ROE growth: 1) Returning to its core competence of active investing through new mutual funds. 2) Starting an affordable housing finance business, Aspire Home Finance, to deploy capital. 3) Committing its own capital to sponsor its asset management and private equity funds. 4) Restructuring its brokerage business to be more cost-efficient and focus on institutional clients.
Sourajit Aiyer - All India Management Association Indian Management journal -...South Asia Fast Track
1. The article discusses opportunities for private and foreign investment in India's higher education sector.
2. It notes that while private investment has been restricted to vocational and technical education, the school and university segments that make up the bulk of higher education lack quality and investment.
3. The article analyzes challenges like regulations limiting investment structures and profit models, and identifies opportunities for foreign players to partner with Indian institutions in areas like teaching, research, corporate training, and specialized professional courses.
Sourajit Aiyer - South Asian Monitor, India - Why the Sri Lankan Vote matters...South Asia Fast Track
1) The election of Maithripala Sirisena as Sri Lankan president could benefit India's relationship with Sri Lanka in several ways. It promises a more inclusive relationship in terms of geopolitics, trade, and investments.
2) Under the previous president, Sri Lanka's relations with China grew stronger as China funded many infrastructure projects. The new administration may reduce Sri Lanka's reliance on China and help balance India's geopolitical concerns in the region.
3) Economically, the new government is expected to focus on trade and investments with India to help diversify Sri Lanka's exports and strengthen its economy. This could open up opportunities for Indian companies in sectors like infrastructure, defense, and
All-New Investor Presentation - Motilal Oswal Financial Services India ProfileSouth Asia Fast Track
Motilal Oswal Financial Services is transforming its business model to focus on building four engines of ROE growth: Capital Markets, Asset & Wealth Management, Housing Finance, and Fund Based businesses. It has allocated capital differently after the transformation, focusing on businesses that can generate a sustainable 20%+ ROE, like affordable home finance and investments in its own mutual funds and private equity funds. The presentation provides an overview of Motilal Oswal's strategic focus and performance in each of its business segments.
Sourajit Aiyer - Business & Money UK - Will the Indian Elephant dance again, ...South Asia Fast Track
The document discusses the economic challenges facing India's new Prime Minister, including slowing GDP growth, high inflation, and pressure on public finances. It outlines several areas that need to be addressed such as reviving economic growth through reforms and investments, reining in public spending, reducing inflation, supporting agriculture, boosting jobs, and making industrial and export growth a priority. Addressing these challenges will be difficult but necessary for India's economy to improve.
Sourajit Aiyer - GSCGI WealthGram, Switzerland - Using Imagination To Smoothe...South Asia Fast Track
The document proposes a renewable energy project for the border region between India and Pakistan to help address energy shortages and reduce regional hostilities. The project would involve installing thousands of solar panels along the border and areas 50km inside each country. This could generate electricity to benefit both sides while incentivizing peace by damaging relations if either side disrupts the infrastructure. The renewable energy source could also improve public finances and energy security in both countries over the long term. The goal is to promote economic cooperation and interdependence instead of conflict.
Sourajit Aiyer- EU Foreign Affairs Journal - Making the next Ramadan much mor...South Asia Fast Track
This document provides a summary of events in several Muslim-majority countries during Ramadan 2014 and suggestions for improving conditions. It discusses the Israel-Palestine conflict and internal Palestinian politics, noting economic opportunities and education could help. Conditions in Egypt, Iraq, Libya and Syria are also assessed, with Egypt seen as having potential stability. Non-Arab countries like Pakistan, Iran, Indonesia and Malaysia are briefly discussed. The next Ramadan is hoped to be better through regional cooperation and economic development.
Sourajit Aiyer - Dhaka Tribune - Microfinance - A catalyst to boost rural demandSouth Asia Fast Track
The document discusses how microfinance has helped boost rural demand for consumer packaged goods in Bangladesh. It describes how microfinance borrowers have used loans to set up modern grocery stores in villages, providing villagers access to a variety of packaged products. This has deepened the rural reach of consumer companies by facilitating supply of their products to new areas through the village stores. The microfinance model is seen as mutually beneficial, providing economic opportunities in villages while aiding consumer companies' penetration into rural markets.
Sourajit Aiyer - Dhaka Tribune - Will the Indian Economy start shining again,...South Asia Fast Track
A new prime minister has won the majority in India for the first time in 30 years. However, the Indian economy faces several challenges, with GDP growth at its lowest level in a decade, high inflation, and slowing industrial and infrastructure growth. The new government must address urgent economic issues to put the economy back on a path of sustained growth, such as reviving economic growth, keeping public finances in check, countering rising prices and supporting agriculture, boosting jobs and skills, and making industrial and export growth a priority.
Sourajit Aiyer - Daily Afghanistan Express, Afghanistan - Challenges for Indi...South Asia Fast Track
The document summarizes security preparations and election activities in Afghanistan:
1) The Kabul police chief says security forces are ready to provide security for the second round of presidential elections on June 14 and will protect voters.
2) The Independent Election Commission says it has completed delivering electoral materials to 10 provinces for the elections and the process is proceeding smoothly.
3) Afghan President Karzai hopes the new government will further strengthen relations with China in areas like security, economic cooperation, culture and trade.
Sourajit Aiyer - GSCGI WealthGram, Switzerland - Can the indian elephant move...South Asia Fast Track
1) The document discusses the challenges facing India's new government in reviving the country's economic growth, which is characterized as an "elephant" that has slowed its pace.
2) It notes some initial steps taken by the new government to establish better governance, such as faster decision-making, but that foreign investors remain cautious as they want to see further economic reforms.
3) The main challenges are reviving growth, keeping public finances in check, tackling high inflation, boosting jobs, and promoting industrial and export growth. Addressing these issues is akin to facing a "winner's curse" as solutions require difficult reforms and balancing social welfare programs with development.
Sourajit Aiyer - GSCGI WealthGram, Switzerland - What India’s leading Prime M...South Asia Fast Track
The document analyzes what India's three leading prime ministerial candidates - Rahul Gandhi, Narendra Modi, and Arvind Kejriwal - may mean for India's economy if elected. It discusses their stances on economic growth, fiscal deficit, jobs, infrastructure, corruption and other issues. Gandhi emphasizes social welfare programs, Modi favors commerce-led growth, and Kejriwal focuses on clean governance. The economy faces challenges like slowing growth, high inflation, and job shortage. The candidates offer different visions but all aim to revive the economy.
Finsight - Private Equity in India: Recent observations and emerging trends a...South Asia Fast Track
This document discusses private equity in India, including recent trends, challenges, and strategies. It notes that while PE activity levels have increased over the past decade, challenging economic conditions have impacted returns. Both investors and fund managers have adapted their approaches in response, such as focusing on management quality and differentiated strategies. The document also examines trends in fundraising, deal sourcing and due diligence, valuations, sectors and geographies.
Sourajit Aiyer - Trends in Consolidation in Indian Stock Broking - South Asia...South Asia Fast Track
This document provides an overview of initiatives taken by the National Stock Exchange of India (NSE) and Central Depository Company of Pakistan (CDC) to develop capital markets in 2013. It includes an interview with the Vice President of NSE discussing programs to educate investors and develop human capital. It also includes an interview with the CEO of CDC discussing initiatives to increase efficiency and outreach in Pakistan such as new depository services. Both executives discuss their visions for continued education initiatives and regional cooperation in 2014. The document provides background information on NSE and CDC.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Sourajit Aiyer - Euromoney Emerging Markets, UK - Why India's Insurance Sector Should Open More to Foreigners - Sept 2013
1. Why India's insurance sector should open more to foreigners
20/09/2013 | Sourajit Aiyer
Fears that opening up the sector more could lead to capital outflows are exaggerated. Instead, India's insurance
sector would benefit from more foreign investment
The Indian insurance industry has witnessed an interesting decade following its liberalization in 2000 when it was
open to foreign players for the first time (with a cap of 26%). Prudential, Allianz, Standard Life, New York, AIG
and SunLife were some of the earliest entrants, followed by New York Life, Metlife, Aviva, AXA, etc.
Since most of the private-sector entrants are joint ventures with foreign partners, all references to "private-sector
insurers" are meant to be synonymous with the JVs co-owned by foreign players.
The private players gained traction since 2000, with rapid growth in market share, penetration and density in
both life and non-life segments. Demand was fuelled by the growing economic base, disposable
income/purchasing power and increasing awareness. In fact, its growth has been among the fastest witnessed in
the industry globally.
The Industry’s premium size was INR 3.4 trillion in 2012, a CAGR of 20% between 2001 and 2012. Market share
of the private players picked up rapidly to 31% by 2012. Despite the onset of the Indian economic story from
1992 itself, the growth in both insurance penetration and density was actually sluggish during 1990s. It picked up
rapidly during the 2000s, coinciding with the entry of the foreign players and indicating the incremental benefit
achieved by their influx. However, India’s penetration level still lags most Asian and developed markets -
indicating potential headroom for growth.
While the economic story created a platform for initial volume growth, the industry is at an interesting juncture.
Volume focus and high spending on distribution channels took a toll on companies’ profitability. The focus in the
last decade was on setting up a base. Many insurers, including public sector ones, often resorted to reckless
underwriting to build volumes at the cost of underwriting losses.
While investment income was a savior, the industry is now feeling the pain of accumulated losses. While this
situation does not in any manner reduce the long-term prospects of the industry, nevertheless companies need
to rejig their operating models to achieve the next stage of development.
The high cost of developing physical networks and retaining quality agents is putting the emphasis on technology
for sales reach and operational processes. Cost of customer acquisition has become high. High operating
expenditures ate away bottom line profits in the chase for top line revenue.
There is now a visible strategic shift from top line to bottom line to create a sustainable sector. Cost control and
operational efficiencies are now in focus. Companies are monitoring physical expansion closely. Technology
2. across the value chain is now a key differentiator. Online marketing tools are penetrating the retail market
further. The regulator, IRDA, has promoted technology usage by several measures.
Investments have gone into technology related to internal processes and marketing/distribution capabilities to
reduce overheads and commissions, though agent network still holds importance in regions where online
penetration is low. Firms are exploring tie-ups with shopping malls, housing societies, office complexes for
temporary POS as a low-cost delivery mechanism.
Insurers realize that a shift in product approach is imminent. Insurance is still a push-product here. Most people,
including educated ones, view it as necessary for tax-saving or high returns, rather than for protection/social
security as per life stage needs.
While this shows a lack of customer maturity, the private-sector life insurers were also enjoying the advantage of
pitching high/guaranteed returns of ULIP products, a reason for the disproportionate share of ULIPs in private
insurers’ product portfolio. However, private insurers are now focusing on traditional products, with many new
products introduced in the last few months.
FOREIGN VALUE
Foreign players have helped bring in valuable capital, an established brand name as well as global expertise in
developing the business. They bring in strategic expertise gained from their experiences globally, and this is
invaluable in growing the Indian insurance pie further.
Going forward, they can play a key role in bringing in know-how on innovative product development, technology
initiatives and client servicing tools which are relevant to this stage of the industry. Foreign players have made
the product market more dynamic since they have been in this industry.
The objective of making products as per specific life stage-needs has started gaining ground. Insurers are
exploring options in products targeting specific people, ages, needs, conveniences and pricing. This is where the
expertise of foreign players can hold key.
Inflation of hospitalization costs, a plethora of lifestyle diseases and medical advancements will continue to boost
demand for health insurance. Some product types firms are keen to explore in health insurance include
outpatient treatments, emergency services, increasing riders, insurance with health/wellness programs, health
savings accounts, rural health products, products for lower income groups etc.
The other major component of non-life insurance, motor insurance, is expected to grow in line with auto sales.
Possible product innovations here that global firms might bring in include "pay as you drive" or "behavior-based
pricing."
Growth in rural income following employment programs, higher minimum support prices of agri-produce and
better monsoon can enhance opportunities for micro-insurance. Insurers need to build capabilities to manage
channels for this, like self-help groups, business correspondents and microfinance institutions.
ULIP (unit-linked insurance plan) as a product is not dead despite the cut in commissions. These might still be
relevant for higher-income clients. However, some of these might be relatively complicated products, and the
need to increase investor awareness is to use simpler products which they can easily understand.
3. Private insurers have played a pivotal role in bringing into focus the practice areas for technology. While the
focus initially has been on developing the physical network, the high cost of customer acquisition is making this
increasingly prohibitive.
Technology is a focus area that can bring in differentiation going forward. Some initiatives widely implemented
globally, and which have been/are been studied here are: online sales channels (financial portals, links to
websites of specific events to establish a Point of Sale, price aggregator websites), customer servicing methods
(online policy issuance, online claims registration/monitoring, online portfolio), operations (business lead
sourcing, automation of functions).
E-distribution platforms will help reduce the effort and time required to scale up a physical network, deepening
the online sale of policies will help save commission costs, and automating administration processes can enable
faster turnarounds. Ability to develop such initiatives on-ground can help enhance the customer experience and
build value-differentiators.
Another feature that may emerge is the ability to break up the value-chain and outsource functions. Most
insurers perform tasks themselves - product development, administration, investments, processing and
distribution.
As overheads exert pressure and technology enables outsourcing, insurers may explore that option. This is
already being seen globally, with INEAS in Europe and GeneralLife in USA already using an e-business,
outsourcing model with cost advantages.
The FDI limit of 26% has remained a contentious issue. An opinion against the entry of foreign capital has been
that insurers can instead look at domestic markets for capital, as foreign ownership would lead to forex outflows
due to profit repatriation. However, the entry of further foreign players by increasing the FDI limit would bring in
capital inflows.
Even an influx of foreign players at existing FDI limit would give exit opportunities to existing promoters who
might be looking to make a return on the investments they made so far. The point to stress is that, short-term
concerns notwithstanding, the long-term potential of the industry remains intact.
Improvement in the economy, disposable incomes and awareness levels should yield healthy growth rates in
volumes. The current demographic profile and increase in life expectancy of the current generation of young
Indians will be a key growth driver.
In favor of liberalization, the industry has grown further than what it would have otherwise done. But it still
remains under-penetrated. There is an opportunity to garner profitable growth by bringing in innovative products
as per specific needs, realigning distribution strategies and leveraging technology. Foreign players who can
specifically bring in tested strategies in these areas might still smell an opportunity.
Sourajit Aiyer works with a leading capital markets company in India. Views expressed are entirely personal.
This article is for information purposes only, and does not construe to be an investment advice or solicitation.
Any action taken by you is your responsibility alone.
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