2. Amalgamation of ITC Classic Finance Ltd. It was one of the first-of-its-kind mergers in the country’s financial sector‚ ITC Classic Finance Ltd‚ the beleaguered non-banking financial arm of ITC Ltd‚ and country’s premier development financial institution‚ Industrial Credit Investment Corporation of India (ICICI) to merge their operations and share swap ratio for ITC Classic-ICICI merger was 15:1. Tobacco major‚ ITC was desperately scouting a buyer for ITC Classic‚ which had accumulated losses
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What makes an American an American? Is it the accent‚ the clothing‚ the fact that you can speak the English language‚ or is it the fact that you were born on American soil? I believe it’s certain characteristics that set us apart from other countries. The fact we are self-reliant‚ and competitive‚ and the compassion we bring to others are some‚ of many‚ American characteristics that help set us apart. These are the three characteristics that I have chosen to write about. Our self-reliance
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to enact the President’s Budget and legislative proposals. OMB coordinates the Administration’s proposed legislation‚ testimony‚ reports‚ and other documents to ensure consistency with Administration policies‚ including the President’s Budget. OMB also prepares Statements of Administration Policy for certain bills scheduled for House or Senate floor action‚ analyzes legislation that changes revenues or direct spending‚ and has responsibility under the Statutory Pay-As-You-Go Act of 2010 (PAYGO) for
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What goes in a marketing budget? A marketing budget typically covers costs for advertising‚ promotion and public relations. Each amount varies based on the size of the business‚ its annual sales and how much the competition is advertising. Depending on the industry‚ marketing budgets can range from as low as 1% of sales to over 30%. New companies may spend as much as 50% of sales for introductory marketing programs in the first year. Smaller business may just try to match the spending of their direct
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BUDGET According to CIMA ‚ Official Terminology “A budget is a financial and /or quantitative prepared prior to a defined period of time ‚ of the policy to be pursued during that period for the purpose of attaining a given objective.” In the words of Crown and Howard ‚ “ A budget is a pre- determined statement of management policy during a given period which provides a standard for comparison with the results actually achieved.” BUDGETRY CONTROL Budgetary control is the process of determining
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Madam‚ Thank you for contacting ABON regarding to you or your customer’s difficulty with our product. We apologize for any difficulty which either you or your customers have experienced due to the problem. Kindly note that we always strive to provide all of our customers with the highest quality product possible‚ and be assured that your concern will be addressed as soon as possible. To assist us in performing a timely and efficient investigation‚ it would be very helpful if you could relay the
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at Investopedia. It describes how making a personal budget is a great idea when struggling to live within your means. This article is targeting the majority of Americans who do not know how or are unwilling to follow a personal budget. They explain step by step how easy it can be to get your finances in order. They go into depth about starting with looking at your bills and separating fixed and variable costs‚ then move to showing how you can increase your income or decrease your expenses‚ and
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Definition of Budget It is an estimation of the revenue and expenses over a specified future period of time. It can help to create a system when someone wants to open a shop or start investments. A budget can be made for a person‚ family‚ group of people‚ business‚ government or anything else that makes and speaks money. It can also help to establish a planned level of expenditures and it can help to maintain a budget for a company either on an accrual or a cash basis. Structured planning can
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Advantages and disadvantages of a master budget Advantages of a master budget are: a. It gives an idea where a company wants to go (its goal).. b. It determines what the company has to do in order to achieve this goal. c. It helps the company to realistically project future cash flows. d. This cash flow will enable the company to get certain types of financing. In short a master budget formalizes planning‚ provides an framework for judging performance and it helps managers to communicate and coordinate
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The Effects of Symbols On "Say Yes" The author of the short story "Say Yes‚" Tobias Wolff‚ uses a number of symbols to express his different views on racism throughout the story. Wolff uses this literary device to express a message to his readers. Symbols‚ something representing something else by association resemblance or convention‚ are used efficiently in this short story. Wolff uses colors to symbolize a hatred for an alternative race in this short story. The husband more than once
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