Executive Summary The introduction of financial sector reforms in India has led to innovations in financial markets and instruments. One of the most prominent developments in the international finance in recent times that is likely to assume even greater importance in future is ‘securitisation’. Securitisation is the process of pooling and re-packaging of homogenous illiquid loans into marketable securities. Increased pressure on operating efficiency‚ on market niches‚ on competitive advantages
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Free speech‚ more than any other of America’s values‚ has been the touchstone of American democracy dating back to the Bill of Rights. The First Amendment‚ created in 1791‚ is so important because “without our basic and essential rights established by that first amendment‚ the others amendments would have little to no meaning and hardly any force.” It shows the creativity and innovativeness of American democracy. The Amendment states‚ “Congress shall make no law respecting an establishment of religion
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chain of large‚ discount department stores. It is the world’s largest public corporation by revenue‚ according to the 2008 Fortune Global 500.[5] Founded by Sam Walton in 1962‚ it was incorporated on October 31‚ 1969‚ and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer‚ trailing the British National Health Service‚ and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States‚
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When the USSR began supplying weapons and ‘volunteers’ to the Spanish Republic during their Civil War‚ it seemed as if Stalin was coming to the aid of international communism to defeat Franco. However‚ most modern historians believe this view is too simplistic and that the USSR’s aid was more motivated by the opportunity to advance the needs of their own foreign policy. Stalin attempted to regain support through Spain‚ which some historians believe was to unite international socialism against fascism
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distance and isolation are minimized. Globalization means that the globe has integrated socially‚ economically‚ culturally‚ and politically through advanced communication‚ transportation‚ and technology. It has brought the world together through the exchange of products‚ knowledge‚ and culture. The biggest firms are no longer national companies but multination corporations which have branches in many countries. According to the economist David Henderson of the Melbourne Business School‚ globalization
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Snowden has been the source of numerous other classified leaks demonstrating that the NSA is collecting all imaginable electronic communications and designing entirely new invasive methods for domestic surveillance. Some examples defy the imagination when learning that the NSA literally developed programs to spy on Americans through their Xbox video games system along with other online video games such as World of Warcraft. Outrageous leaks of this kind will only continue to surface‚ yet most of
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In most cases‚ when Refugees arrive into a new country‚ they often find themselves in a quandary‚ since it is hard for them to assimilate into their new home. Scholars such as Sarah Feldman claim that for refugees to feel part of the society‚ it is crucial for them to become integrated into host communities‚ since they have been warehoused in refugee camps for long periods of time and may feel estranged. Feldman mentions that one of the biggest issues is the misconception that refugee camps are temporary
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Is the world will be a better place‚If the nurses get paid more than pro athletes.We save lives‚ they throw balls.(5 things about nurses on Pinterest) Are athletes overpaid? Many Americans that work full-time job‚ Nurses who save lives even the president who run the country didn’t make that much.But many retired athletes have chronic health problems. It may seem unfair that athletes get paid to play game‚ but remember who they are really play for. However‚ many Americans work until they are about
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Greed is a shameful and horrible sensation that corrupts many. St. Thomas Aquinas declared Greed as one of the seven deadly sins following pride‚ envy‚wrath‚gluttony‚and‚lust. Greed earned the right to be there‚ greed destroys many people everyday. It is a disease that has plagued the world. Many have fallen ill of the disease‚ and unfortunately there is no cure. Because greed makes his victims always hungry for more even when they do not need it. It makes people so desperate for more. That they
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The North American Free Trade Agreement (NAFTA) is a very significant part of international trading in North America. NAFTA was built upon a prior 1989 trade agreement between the U.S. and Canada that was responsible for tariff reductions between the nations. There were concerns of U.S. jobs being lost in the transfer of factories to foreign nations‚ where U.S. companies could take advantage of cheap labor and the lack of workers’ rights. Also‚ environmental groups became concerned that enforcing
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