Jean, a consultant who owns a holiday rental cottage, received a call about the renewal of an advertisement in an accommodation directory for her cottage. Jean was particularly busy and the woman told her that it had to be done that day to make the print deadline. The woman asked for Jean’s credit card details so that she could receive a discount on the ad. Jean thought that this was one of many publications that she had previously used, so she provided her details.
The next day Jean received an invoice by fax stating that $350 had been debited from her credit card, and a proof copy of the ad from the accommodation directory. Jean then knew that she has been conned. The proof copy looked familiar using details from her cottage website but she had never heard of the directory and certainly hadn’t previously advertised with it.
Study about Trade Liberalisation and Innovation Capacity in the Finnish Telecom Equipment Industry
Abstract: This paper is one of the five case studies conducted in the framework of this project. It examines how recent trade and investment patterns (including ―trade in tasks‖ resulting from supply chain fragmentation) and Finnish and global policies promoting market openness and free trade have affected the innovation process in Finland’s (mobile) telecom equipment industry. The study illustrates how regulatory, trade and investment policy choices have helped — alongside other key policies– provide the right framework conditions for innovation in this country of 5.2 million people. In addition, it examines how the private sector, and more particularly Nokia, has taken advantage of those conditions to enhance its innovation capacity. This study does not constitute an in-depth evaluation of the effectiveness of Finnish public policies nor of Nokia’s business strategy. Rather, it provides an illustration of how certain public policy choices and business strategies can contribute to a country’s innovation performance
Executive Summary: Innovation relates to a process connecting knowledge and technology with the exploitation of arket opportunities for new or improved products, services and business processes compared to those already available on the market. There is today great interest in understanding how governments can promote innovation and the benefits it brings, as evidenced by the discussions at the 2007 OECD Ministerial Council Meeting. To gain a better understanding of how trade and investment policies andpatterns, in particular, affect countries’ innovation performance, and interact with other key policies influencing the ―framework conditions‖ for innovation, the OECD Trade Committee decided to undertake a ―Trade and Innovation Project‖. This paper is one of the five case studies commissioned in the framework of this work. Its objective is to examine how Finnish and global policies aimed at promotingmarket openness and trade and investment liberalisation have affected the innovation process in Finland’s (mobil telecom equipment industry, and more particularly in Nokia. Keep reading…
Studies about Federal Employees and Commercial Driver Licenses: Social Security Disability Fraud
The Social Security Administration has long acknowledged that its disability programs are not infallible. Sometimes the programs overpay the benefits owed; sometimes they underpay. Overall, the Social Security Administration has overpaid, and the total amount of uncollected over payments has grown from about $7.6 billion by the end of 2004 to $10.7 billion by the end of 2008. And while the over payment rate in the Disability Insurance program has been quite low, about 1 percent in 2008, the over payment rate in the Supplemental Security Income program has been far higher—10 percent, approximately.
In 2009, the SSI program reduced its over payment rate to 8 percent. That was a reduction from the prior year, but that is still, obviously, way too high. To help bring down that over payment rate, today’s hearing focuses on a Government Accountability Office report evaluating disability payments made to persons who work. While most disability recipients are unable to work, the government does allow disabled individuals to undertake a 9-month trial work period, without losing their benefits, to see if they can manage a job. When a disability recipient takes a job, they are required to notify the Social Security Administration about their employment status and whether they are earning in excess of program limits. Keep reading…
Scandals:~ All hell broke lose when three Rajasthan Royals players, and later a fourth one (a former RR cricketer), were arrested by the Delhi Police for spot-fixing. India fast bowler Sreesanth and spinners Ankeet Chavan and Ajit Chandila were held by the cops for allegedly colluding with bookies to bowl badly in three games. This is the worst scandal to hit the league.
Controversies:~ The Virat-Gauti spat prompted the media to recall the 2008 ‘slapgate,’ episode involving Harbhajan Singh and Sreesanth. The maverick pacer, however, didn’t find that funny. In a series of explosive tweets, which he later deleted, he claimed that there was never a slap and that the BCCI had done a cover up job. He called Bhajji a “back-stabber”. Read more onScandals and Controversies in IPL 6
A Study about Chit Funds – A Boon to the Small Enterprises
Introduction: Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous throughout the world. ROSCAs are a means to ’save and borrow’ at the same time. It is considered one of the best instruments to cater to the needs of the poor. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in chit funds were mainly for the purpose of purchasing some property or, in other words, for ’consumption’ purposes. However, in recent times, there has been tremendous alteration in the constitution and functioning of chit funds.
How Do Chits Work?: A chit scheme generally has a predetermined value and duration. Each scheme admits a particular number of members (generally equal to the duration of the scheme), who contribute a certain sum of money every month (or everyday) to the ’pot’. The ’pot’ is then auctioned out every month. The highest bidder (also known as the prized subscriber) wins the ’pot’ for that month. The bid amount is also called the ’discount’ and the prized subscriber wins the sum of money equal to the chit value less the discount. The discount money is then distributed among the rest of the members (or the non-prized subscribers) as ’dividend’ and in the subsequent month, the required contribution is brought down by the amount of dividend. Keep reading…
This is not so surprising .India is the world`s most corrupt country.Corruption is not new in India.Recently due to international pressure, Swiss government agreed to disclose the names of the account holders only if the respective government formally asked for it.
India has more money in Swiss bank than all the other countries combined.Second best Russia has 4 times lesser deposit. US is not even there in the counting in top five.
Coal allocation scam or Coalgate, as referred by the media, is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. Over the Summer of 2012, the opposition BJP lodged a complaint resulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption.
Historically, the economy of India could be characterized as broadly socialist, with the government directing large sectors of the economy through a series of five-year plans. In keeping with this centralised approach, between 1972 and 1976, India nationalised its coal mining industry, with the state-owned companies Coal India Limited (CIL) and Singareni Collieries Company (SCCL) being responsible for coal production.read more Indian Coal Allocation Scam
Definition: Spoofing is the development of TCP/IP packets using some unknown person’s IP address. Routers use the “destination IP address” in order to be able to forward packets through online, but ignoring the “source IP address”. This IP address is only used by the destination device when it reacts back again to the resource.
The term “spoof” indicates “falsified”. A spoofed e-mail is when the email sender intentionally changes areas of the e-mail to masquerade as though it was written by someone else. Generally, the sender’s name/address and the body of the message are partitioned to appear from a genuine resource, as though the e-mail came from a financial institution or a publishing or genuine organization on the Web
VVIP choppers deal facing charges of kickbacks, government on Thursday formally asked Italian firm Finmeccanica to state whether any money was illegally paid to any Indian entity or individual amidst its warning of legal action including blacklisting of the firm.
The ministry of defence, which is under attack on the issue, came out with a factsheet detailing the sequence of the Rs 3 crore deal for 12 helicopters clinched in 2010 by a Finmeccanica subsidiary AgustaWestland. It notes that the mandatory technical requirements of the chopper were changed in the tender during the Vajpayee government in 2003, with the then national security adviser Brajesh Mishra playing a key role…
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In a stunning twist to the 2G case, an audio tape of a CBI senior public prosecutor purportedly advising a key accused on how to counter prosecution’s charge has emerged, breathing fresh life into the mega-swindle and bringing fresh trouble for the government.
The tape sent to the CBI anonymously has the agency’s senior public prosecutor A K Singh speaking to Sanjay Chandra, MD of Unitech and one of the main accused in the scam case, tutoring him on how to strengthen his defence and weaken CBI’s case against him. “I have been muddling up the matters only for you,” Singh purportedly tells Chandra in the tape that has been sent for forensic investigation…
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