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    Karthik Abhi
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    A nation’s growth is reflected in the quality of life of its people. Development of a nation depends on the quality of growth: its composition, distribution and sustainability. High rates of economic growth do contribute to a nation’s economic and social development. However mere high growth rates alone do not contribute in building a nation’s economy. A long run sustainable growth rate is equally essential to a nation to move from growth path to development. Employment generation, innovation, well distributed economic activity across population, sectors, geography along with good governance lead to inclusive growth, bridging various divides in a nation thus fostering quality life. Self-employed, micro, small, medium and large enterprises and multinational companies form different types of market players. Micro Small and Medium Enterprises (MSMEs) are heterogeneous group encompassing a wide range of business activities, from the single artisan producing for the needs of a village market, the restaurant in a corner, the paan shop in a small town to a small sophisticated manufacturing or software firm selling exporting to overseas market and a medium-sized bulk drug units selling to multinational pharmaceutical companies in the domestic and foreign markets. The firms operate in very different markets rural, semi-urban, metro cities, local, national, regional as well international. They operate at different levels of skill sets, investment, intricacies and growth orientation. MSMEs account for a large share of all firms, constitute a major source of employment and generate significant domestic and export earnings in the OECD, transition and developing countries. MSMEs nurture entrepreneurial talent, in addition to creating employment and fostering industrial development in an economy. SMEs are alleviating poverty around the world as well as increasing the social and economic participation of women, youth and minorities3. MSMEs, by number, dominate the world business stage. Estimates suggest that more than 95% of enterprises across the world are MSMEs, accounting for approximately 60% of private sector employment. The contribution of MSMEs to economic fundamentals varies substantially across countries: from 16% of GDP in low-income countries (where the sector is typically large but informal) to 51% of GDP in high-income countries. Japan has the highest proportion of SMEs among the industrialized countries, accounting for more than 99% of total enterprises. In South Africa, it is estimated that 91% of the formal business entities are MSMEs. Worldwide MSMEs account for 52% of private sector value added, which provides a reasonable estimate for the sector’s global economic contribution Thus they become important players in developing countries and economies with high unemployment MSMEs are generally more common in rural areas than larger businesses especially in developing countries like India, thus providing much-needed employment in rural areas. In India Manufacturing SMEs accounted for around 40% of industrial output, and 40% of all exports along with large employment generation. Service sectors are by far the most important contributors, accounting for 79% of SMEs’ contribution to GDP in United States. India is a growing service economy and thus provides an opportunity for SMEs growth and achieve balanced growth. SMEs can in fact become the engines that sustain growth for long-term development for India. When growth becomes stronger, SMEs gradually assume a key role in industrial development and restructuring. They can satisfy the increasing local demand for services, which allows increasing specialization, and furthermore support larger enterprises with services and inputs. India will have to take lessons from global phenomenon wherein increase in contribution of MSMEs is clearly visible for growth in developed countries than that for growth in developing countries. It is a clear and one of the time tested paths for

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    A nation’s growth is reflected in the quality of life of its people. Development of a nation depends on the quality of growth: its composition, distribution and sustainability. High rates of economic growth do contribute to a nation’s economic and social development. However mere high growth rates alone do not contribute in building a nation’s economy. A long run sustainable growth rate is equally essential to a nation to move from growth path to development. Employment generation, innovation, well distributed economic activity across population, sectors, geography along with good governance lead to inclusive growth, bridging various divides in a nation thus fostering quality life. Self-employed, micro, small, medium and large enterprises and multinational companies form different types of market players. Micro Small and Medium Enterprises (MSMEs) are heterogeneous group encompassing a wide range of business activities, from the single artisan producing for the needs of a village market, the restaurant in a corner, the paan shop in a small town to a small sophisticated manufacturing or software firm selling exporting to overseas market and a medium-sized bulk drug units selling to multinational pharmaceutical companies in the domestic and foreign markets. The firms operate in very different markets rural, semi-urban, metro cities, local, national, regional as well international. They operate at different levels of skill sets, investment, intricacies and growth orientation. MSMEs account for a large share of all firms, constitute a major source of employment and generate significant domestic and export earnings in the OECD, transition and developing countries. MSMEs nurture entrepreneurial talent, in addition to creating employment and fostering industrial development in an economy. SMEs are alleviating poverty around the world as well as increasing the social and economic participation of women, youth and minorities3. MSMEs, by number, dominate the world business stage. Estimates suggest that more than 95% of enterprises across the world are MSMEs, accounting for approximately 60% of private sector employment. The contribution of MSMEs to economic fundamentals varies substantially across countries: from 16% of GDP in low-income countries (where the sector is typically large but informal) to 51% of GDP in high-income countries. Japan has the highest proportion of SMEs among the industrialized countries, accounting for more than 99% of total enterprises. In South Africa, it is estimated that 91% of the formal business entities are MSMEs. Worldwide MSMEs account for 52% of private sector value added, which provides a reasonable estimate for the sector’s global economic contribution Thus they become important players in developing countries and economies with high unemployment MSMEs are generally more common in rural areas than larger businesses especially in developing countries like India, thus providing much-needed employment in rural areas. In India Manufacturing SMEs accounted for around 40% of industrial output, and 40% of all exports along with large employment generation. Service sectors are by far the most important contributors, accounting for 79% of SMEs’ contribution to GDP in United States. India is a growing service economy and thus provides an opportunity for SMEs growth and achieve balanced growth. SMEs can in fact become the engines that sustain growth for long-term development for India. When growth becomes stronger, SMEs gradually assume a key role in industrial development and restructuring. They can satisfy the increasing local demand for services, which allows increasing specialization, and furthermore support larger enterprises with services and inputs. India will have to take lessons from global phenomenon wherein increase in contribution of MSMEs is clearly visible for growth in developed countries than that for growth in developing countries. It is a clear and one of the time tested paths for

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    7 vizualizări2 pagini

    Fixed Deposit

    Încărcat de

    Karthik Abhi
    A nation’s growth is reflected in the quality of life of its people. Development of a nation depends on the quality of growth: its composition, distribution and sustainability. High rates of economic growth do contribute to a nation’s economic and social development. However mere high growth rates alone do not contribute in building a nation’s economy. A long run sustainable growth rate is equally essential to a nation to move from growth path to development. Employment generation, innovation, well distributed economic activity across population, sectors, geography along with good governance lead to inclusive growth, bridging various divides in a nation thus fostering quality life. Self-employed, micro, small, medium and large enterprises and multinational companies form different types of market players. Micro Small and Medium Enterprises (MSMEs) are heterogeneous group encompassing a wide range of business activities, from the single artisan producing for the needs of a village market, the restaurant in a corner, the paan shop in a small town to a small sophisticated manufacturing or software firm selling exporting to overseas market and a medium-sized bulk drug units selling to multinational pharmaceutical companies in the domestic and foreign markets. The firms operate in very different markets rural, semi-urban, metro cities, local, national, regional as well international. They operate at different levels of skill sets, investment, intricacies and growth orientation. MSMEs account for a large share of all firms, constitute a major source of employment and generate significant domestic and export earnings in the OECD, transition and developing countries. MSMEs nurture entrepreneurial talent, in addition to creating employment and fostering industrial development in an economy. SMEs are alleviating poverty around the world as well as increasing the social and economic participation of women, youth and minorities3. MSMEs, by number, dominate the world business stage. Estimates suggest that more than 95% of enterprises across the world are MSMEs, accounting for approximately 60% of private sector employment. The contribution of MSMEs to economic fundamentals varies substantially across countries: from 16% of GDP in low-income countries (where the sector is typically large but informal) to 51% of GDP in high-income countries. Japan has the highest proportion of SMEs among the industrialized countries, accounting for more than 99% of total enterprises. In South Africa, it is estimated that 91% of the formal business entities are MSMEs. Worldwide MSMEs account for 52% of private sector value added, which provides a reasonable estimate for the sector’s global economic contribution Thus they become important players in developing countries and economies with high unemployment MSMEs are generally more common in rural areas than larger businesses especially in developing countries like India, thus providing much-needed employment in rural areas. In India Manufacturing SMEs accounted for around 40% of industrial output, and 40% of all exports along with large employment generation. Service sectors are by far the most important contributors, accounting for 79% of SMEs’ contribution to GDP in United States. India is a growing service economy and thus provides an opportunity for SMEs growth and achieve balanced growth. SMEs can in fact become the engines that sustain growth for long-term development for India. When growth becomes stronger, SMEs gradually assume a key role in industrial development and restructuring. They can satisfy the increasing local demand for services, which allows increasing specialization, and furthermore support larger enterprises with services and inputs. India will have to take lessons from global phenomenon wherein increase in contribution of MSMEs is clearly visible for growth in developed countries than that for growth in developing countries. It is a clear and one of the time tested paths for

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    din 2
    10.206 ge, Corporation Bank (A Government fine Enterrse) A ae ease visit us at: www corpbank com soe Branch Account Opening Form for Term Deposit Account FD/KCC/RDICORP-RECUR/JO/MF-FD/MF-KCC/PREMIUM/READY CASH [iWe request you to openin your books a Deposit Account in myfour names) as per deals given below “Name (in tr) ate of Bi ‘Address othe fist named person / Full Name (in block letters) Date of Bith Oy t 2 3. PIN Code Ccexpaton fist named person PAN / GIA No. (no PANIGI, suit F. No. 60/61) Prd of Depost Rate of tees 9. “Amount of Deposit Rs. (Pupees i ia i wc dpa x mir HD acc pt ayo wack ie 8 seca adil as uo Gs Rar Aa Recount 10 be operated by Declaration incase of Minors Deposit: CMe / No. 1/No2/No3 Coty by us a Dia by [Nature of guardianship °C] Natural C) By Court Order Dany one of us Eiether or survey of ws Relatonshp wih miner: Son [Daughter Comer ) Botan reeerane ou of nds My own funds Reno's funds [Me No.1/No2/NoS Chuointy tous me Oe aio Dointy 0 | shal indent the Ban against be eam of above minor or any any one of us Esher or survivor of us transacontarawal made by me inher account * Following documents / certified copies are submitted by melus doin Famiy Leer 1D 209) Leter of Proprietors 2 Partnership Let (0 891) Pannership Deed (0 822) Clcenitcate of incorporation C2) Memorandum and Arices of Associaton Beard Resokstion Ccerfcate of ROC tor commencement of business C)Byelaws Trust Deed Cegstaton Contato * SPECIAL INSTRUCTIONS : (Please tax apprepiate optons oni) 1. Please ay intrest CNonhy —auarteny Hat veary Ch Youty Chon Matty 2) Please pay intrest as mentioned in (7) above by creat 0 accoun No seth you Ci by crest to account No vsth you branch Dioy sencing 10 bach of bank or ret 10 account C1 by issuing Pay Order to 3, Prease C] send. C1 do nat send mals the inimaton’s of mpeading de dates af matuniy o ths dopo 14 Please register nomination forthe depot as par tne amination request gven oveseat. C1] Uwe amiare no interested in nomination 15 Elie oper atorate renewal of he deposts on maturty Cl] wih mrt actives] witout etre acuta he prevaling rate ot rest on the save Condtons cf repeynertitetest peyrent fo 8 maumurr number of beck of neal pros ttl pees of Dopast ncn automate renewals ‘Should ol exceed ton yeas frm th Gay = unl evoked wth By MENUS Dhiwe op for aucatc rene! oe cepests on mauty Cl wt trstaeeved ] wiht eres accrue a he pevaling rate of ares on he sare Condtons of epaymentnterest payne for ne minimum par to get he mauum inert vate (Eepends onthe flcve ees rate suture of leposits wing onthe dele snvestment/rawestrant fem deposta) eta pares of Depot including automatic renewals should no exees tn ears fem te yl evoke ning by = 6. Thee onrcotel win apleston fom anyoneormogolutinis abe sree and subjeto such ums and cords asthe Bark may ipa ia) grata lean or advance against te secur of he term depost recap to be issued in ou ont names oF Tis) mate peraie payment ef the preeaede of he epost any ane a mote of us nthe event of death ot any one othe jot depositor he Bank ratte aural fe srg epost he sang epost be Very Tough hot baund and ss ast decent ep the depot ‘etre maturity or gre an advence apart the secary Deaton such feme asthe Bank ay fs aac discaton deo and such peyment shal consttute a veld deeharge to fhe Bane, 7 ote nsetion, any 7 We have read and understood he Bans ue for Term DepastAecounis and agree to comply wih and be Bound by them a hey ae in free now and fom ‘ime ote in force for such accouns. ie undertake to advise the Bank in wing of any change in mou adress and myfut ContidonPatnersDvectrs! Aries of AssocatenManaging Commitee INTRODUCTION: We cory tet have known Yours faithfully, shoo ve pat | , mont! yeas and cot she! ‘tix recent ohotagrepis of ii ocipaton nd aces as tata tis appleston the depestors ana oan ae 2 nisiner sqaure on the ost porn tere. lease ae Aecotn No. by gum and oo not sal. Tel. No. : = ote Signature of introducer cused uae FOR BRANCH USE Signed before me. Introducer’s signature verified ‘and introduction is found in order. Permitted to open ‘account Party Code No. ‘Account moblised by Standing instructions noted Date Stamp of the Branch ‘account on behall of the nominee in the event of mylourlminors ‘death during the minorty of the nominee. Date: Sorte ctaurorsed fiat wih No NOMINATION FORM DA -1 BOX -1 DETAILS OF NOMINEE Dear Sir, Nave: REG. : NOMINATION UNDER SECTION 45ZA OF THE BANKING | oss REGULATION ACT, 1949, AND RULE 2(1) OF THE BANKING ‘COMPANIES (NOMINATION) RULES 1985 IN RESPECT OF BANK DEPOSITS. Gy. PnCode \WWe nominate the person specified in Box-t to whom, in the event | OateotBitn (Mina —— a of my f our / minor's death the amount of deposit in the account, |_Reatonship vith Dapostr Particulars of which are gen in Box-2, may be returned by ‘BOX -2 DETAILS OF DEPOSIT CORPORATION BANK Branch. | Nature! Depot 2, As the nominee is a minor on this date, we appoint the person | AectN. ~ specified in Box-3 to receive the amount of the deposit in the | Additonal Dea, fan. ‘BOX - 3 DETAILS OF APPOINTEE FOR MINOR Place Name: Ae Date ara Signaturels of Depostons | gry Pincode. la) it the depesitis in the name of a minor, the nomination should be | BOX - 4 WITNESS/ES signed By a person lawful enitied to acton behalf of tne minor. | tame ‘ars (o) Box - 3 may be stuck out if the nominee is not a minor ae nee @ Signature/s should be attested by one witness and Thumb Impressions by two winesses.. Sonate. sm Shae. FOR OFFICE USE Whether Nomination Registered: YES/NO It Yes, Nomination Registration No IF No, reason for rejection - Signatur ofthe Ofte ; Date Name E.No. FOR THE PURPOSE OF RENEWAL OF THE TERM DEPOSIT Pieaze now to above aeaed ‘depot fo futher posed of

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