IT Impact on Banking and Finance †Free Samples for Students

Questions: Does Banking and Finance need IT? Why IT is Important for Banking and Finance Business? What is required to apply IT into chosen Business? How Banking and Finance Sector can maintain and monitor IT? Answers: Introduction Today banking and finance sector has become computerized and most of the banking activities are performed by using computer and internet and it has become easier for people to do their banking and financial work online in secure way. Due to centralization of banks and finance sector, all banks are connected with each other and providing appropriate services to people in easier ways. In banking and finance sector, the challenges regarding business and technology are faced every day. In this case, innovative IT solutions for banks and finance can provide help to manage these challenges. These IT solutions can be delivered to banking and finance sector as a service by an IT companies and they can take responsibility for the whole functionality of the banking solutions so that banks can provide appropriate customer services. Besides this there are various other needs of banking and finance sectors that are fulfilled by IT applications. Discussion In this segment of report we will discuss about some essentials points regarding role and need of IT in banking and finance sector. 1.Today, when every business organization is moving towards use of IT then it is necessary for banking and finance sector to deal with IT to provide faster and accurate services to its customers. Every individual is using information technology services and solutions to get quick and flexible services within less cost and time. For last many years, banking and finance sector has been working in conventional ways and most of the services are provided manually to customers instead of online (Ramey, 2017). It is a very time consuming process and customers are now getting fed up in bank and finance areas for delay in their work. The main reasons of delay is poor manual service, inappropriate ways to maintain information records and management of customers. Due to these reasons, banking and finance sectors need IT and it will also help to do international banking and finance tasks within lesser cost than other available communication and information sharing services. The use of IT in bank ing and finance sectors will be helpful for its customers and employees and will also enhance its performance (Ramey, 2017). 2.IT plays very important role in Banking and Finance Industry. Due to IT, banking services have become digitized and networked. Besides this, accounting and management system of banks has changed due to technology. Due to following reasons, IT is considered important for banking sector (Ralabandi, 2017): Information Technology (IT) facilitates banks by providing service of E-Banking. A banking software with an effective GUI is used by banks and its customers and through customers can access their banks details, make transactions, print bank statements etc. It is a convenient way for customers to perform their bank transactions online in secure way (wordpress.com, 2017). IT has reduced botheration of lining up into the long lines to the help desk in banks to know about account balance, to get bank statements for their accounts and to deposit and withdraw money. Now all these can be done by using internet banking via internet and It is called self-inquiry facility (Smallbusiness.chron.com, 2017). Besides banking sector, in finance sector, IT is considered important for following reasons: In finance sector, information technology allows finance to function on a global level. It is considered that finance is the first organized and global information market that is operating through networked computers. According to reviews of researchers, without information technology, it is difficult for financial markets to connect with global developments and finance companies. Financial institutions with valuable information on their customers is provided by social media on the internet. In this way, financial institutions are successfully attracting online communities those are associated with their products and encouraging their loyalty of brand. In this way, IT is considered important in finance sector for handling its various essential activities. 3.For successful implementation of IT in business and finance sector, it is necessary to fulfill some requirements of information technology and these components can be cost, hardware/software components, planning, installation and training etc. (tieto.com, 2017). Cost It is most important factor to implement information technology and its applications in banking and finance sector and for any other business. As compare to traditional technologies, the cost of IT applications is less. According to analysis, the estimated budget for IT is near about $70,000 and more. The actual cost depends on requirements of banking and finance sector and their network infrastructure (Novinson, Novinson, 2017). Planning It is next important requirement for implement IT into business and finance sector. In planning process, all requirements, cost, time and other essential components of IT are analyzed properly and on the behalf of this information right decisions can be taken for implementing information technology applications. Besides this, specifications of hardware and software components, their overall cost and best vendors of those components in market are also proper discussed in planning process. An appropriate plan for executing IT into business may lead to better outcomes. Hardware and Software Components Both hardware and software components are important for implementing information technology. If in banks and financial organizations, better quality of system hardware and software components will be used, then they can get required results. Hardware components of IT systems include hard drive, network cards, monitor and chips etc. Software components of IT systems must be operating system, memory, CPU and third party software etc. Installation and Training he suitable configuration of information technology is required to perform every operation in banking and finance sector. An IT system will work effectively, if all its components will be configured or installed properly. Otherwise, system errors or bugs can occur. In banking and finance sector various employees belongs to non-IT sector and they may have less knowledge about IT. In this case, it will be better to provide training to these employees, so that they can use these system without any problem. This can be done by IT professionals of service providers or technical department of banking and finance sector. How IT is used in Banking and Finance In banking sector, IT is used in following ways: In banking sector IT is used to facilitate customers for making their transactions and checking their account summary. IT is helpful for bank employees for maintaining customers account information into an online database that can be accessed from anywhere and anytime by using internet to collect required information from it (com, 2017). Information Technology is time saving and inexpensive technology to use by every business industry (World Economic Forum, 2017). In finance sector IT is used to get broad and secure information network that can valuable information regarding finance market and its customers. In 20th century, closed information network were used by finance sector but it caused various conflicts. Besides this, from social media applications of IT, valuable information is collected by finance sector. Benefits and Advantages of IT in Banking and Finance Sector In banking and finance sector, following benefits are encountered by customers due to implementation of Information Technology: Information Technology has increased the level of competition for banks and forced them to introduce new technologies into banks to facilitate finance sector. Remote terminals at site of customers are introduced by IT that are connected to the respective branch by using a modem (Francis, 2017). Cash withdrawal and deposit are become easier with help of information technology. Now customers can get their money anytime and from anywhere from their accounts by using ATM cards (in, 2017). In finance sector, the main benefit of Information Technology is to easily get information regarding stock market, banking sector and competitive financial market. It was not possible in previous days when every financial activities were performed manually. Information Technology is considered most accurate, secured and quick way to collect latest updates about financial sector (Deloitte United States, 2017). IT applications are inexpensive, so banking and finance sector is saving purchasing and maintenance cost of IT. After implementing IT systems into banking and finance sector, positive impacts are also seen on revenue. Risks of IT in Banking and Finance Sector Banking and finance sector is also facing some common risks of IT such as security and privacy of information. In banks and financial organizations, confidential information about employees and customers is stored that contains personal information of customers, information about bank account such as balance in bank account, monthly transactions, fixed deposits and information regarding market shared and stock exchange respectively. This information is very much important for every customer that is why hackers always attack to access this information. Due to weakness of security in IT applications risks of hacking and phishing can occur. This weakness can be at both developers and users levels that must be controlled (Kotwani, Kotwani, profile, 2017). 4.To maintain security and privacy of information technology systems and its applications, banking and finance sector should use anti-virus, firewall, security patches and other third party software solutions for database scanning. These tools are helpful to detect and restrict hacking attacks. By using these tools in appropriate way, system security can be maintained for long time. Besides this, SSL i.e. Secure Socket Layer and cryptography should be used by developers for high level security of banking networks (Poonegar, 2017). Conclusion After this whole discussion we can say that in Banking and Finance sector confidential and important information regarding customers finance is stored and used during transactions. Therefore, it is important for this sector to be very careful regarding security and privacy of this information while implementing IT applications or systems. It is matter of customers trust and that should be maintained. Reference Ramey, K. (2017). The Role of Technology in Banking Industry - Use of Technology. Use of Technology. Retrieved 23 May 2017, from https://www.useoftechnology.com/role-technology-banking-industry/ Smallbusiness.chron.com.(2017). Importance of Information Technology in Finance. Retrieved 23 May 2017, from https://smallbusiness.chron.com/importance-information-technology-finance-17292.html tieto.com.(2017). IT solutions for banks and financial institutions - Tieto. Retrieved 23 May 2017, from https://www.tieto.com/industries/financial-services/it-solutions-banks-and-financial-institutions Francis, A. (2017). Role of Information Technology (IT) in the Banking Sector. MBA Knowledge Base. Retrieved 23 May 2017, from https://www.mbaknol.com/business-finance/role-of-information-technology-it-in-the-banking-sector/ Pioneerjournal.in. (2017). Pioneer Journal Of IT Management - Benefits of IT in Banking Sector. Retrieved 23 May 2017, from https://pioneerjournal.in/conferences/tech-knowledge/15th-national-confernce/3899-benefits-of-it-in-banking-sector.html Sopinion.wordpress.com.(2017). Importance of Information Technology in Finance. (2017). Retrieved 23 May 2017, from https://sopinion8ed.wordpress.com/2012/11/28/importance-of-information-technology-in-finance/ Kotwani, R., Kotwani, R., profile, V. (2017). Information and Communication Technology in the banking sector. Thecommonmanblog1.blogspot.in. Retrieved 23 May 2017, from https://thecommonmanblog1.blogspot.in/2012/05/information-and-communication.html World Economic Forum. (2017). 5 ways technology is transforming finance. Retrieved 23 May 2017, from https://www.weforum.org/agenda/2015/06/5-ways-technology-transforming-finance/ Poonegar. (2017). Role of it in finance. Slideshare.net. Retrieved 23 May 2017, from https://www.slideshare.net/PercyPoonegar/role-of-it-in-finance Patch.com. (2017). 5 Advantages of New Banking Technology for Small Businesses (Blog).Retrieved 23 May 2017, from https://patch.com/iowa/iowacity/bp--5-advantages-of-new-banking-technology-for-small-businesses Ramey, K. (2017). Advantages and Disadvantages of Information Technology - Use of Technology. Use of Technology. Retrieved 23 May 2017, from https://www.useoftechnology.com/advantages-disadvantages-information-technology/ Novinson, E., Novinson, E. (2017). Importance of Information Technology in Finance | eHow. eHow. Retrieved 23 May 2017, from https://www.ehow.com/about_6397556_importance-information-technology-finance.html Ralabandi. (2017). IMPACT OF TECHNOLOGY ON FINANCIAL SERVICES. Slideshare.net. Retrieved 23 May 2017, from https://www.slideshare.net/santoshwardha/santosh-ralabandi Deloitte United States. (2017). Information technology risks in financial services | Deloitte US | Center for Board Effectiveness. Retrieved 23 May 2017, from https://www2.deloitte.com/us/en/pages/center-for-board-effectiveness/articles/information-technology-risks-financial-services.html

Problems with Transportation and Logistics Management

Despite the changes in technology that have rendered some aspects of transport meaningless, this remains to be a lucrative area whose services will always stand the taste of time. Technology has simply come in to boost the transport and logistics industry by making it easier to monitor and track products on transit.Advertising We will write a custom assessment sample on Problems with Transportation and Logistics Management specifically for you for only $16.05 $11/page Learn More However, with each development, there are usually many issues arising especially considering the number of middlemen that have to be involved. Gone are days when transport was all about the driver and goods. Many more stakeholders are currently involved in the industry, which is making the delivery of goods complicated and expensive. The most affected individuals in the industry are entrepreneurs who many times end up spending more than they bargained for. A client who is despera te to have their goods delivered will pay for what has been bargained for prior to the delivery of the services. However, the entrepreneurs who may incur other untold expenses such as rising fuel costs, security issues, more middlemen than they estimated and other delays may not be able to renegotiate the price. It has become quite a big challenge to tell how much an entrepreneur will spend and sometimes relying on wrong estimates. Since an entrepreneur has to prove his or her expertise to the client, he or she has to be specific with the price which at times turns out more costly to them (Bowersox, 2000).  Previously, entrepreneurs would resort to bargaining the price after the transportation has been done and the goods almost delivered. However, some of them encountered clients who were not willing to pay for the transport cost especially when they realized that the worth of the goods transported was lesser or almost equal to its cost. They hence resort to abscond from the deal, leaving the entrepreneur with the goods they did not need as well as having to bear the costs they used for transportation. Contract basis, where the cost was paid in stages was also common but yet faced similar challenges as the total cost is predetermined before the work is done.  Considering the above challenges that have continued to face the transport and logistics management industry, it would be appropriate if the costs are split and shared amongst various stakeholders.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For instance, the client should take the initiative of insuring the goods against untold risks. Fuel costs should also be calculated separately basing on the mileage and the market cost while the goods are on transit. The entrepreneur should also partner with specific service providers who should give the correct estimates of doing other logistic activities such as monitoring and handling of the products. To minimize on cases where goods transported are of lesser worth than the transportation cost, the client needs to be open on the value of goods being transported. Agreements need to be made and clear statements produced to ensure adjustments are made to the initial agreed cost in case it escalates (Ellram, 1996). Lack of proper guidelines and laws to protect the transport and logistics industry has remained to be a major hindrance to the issue. There is also the issue of technology which keeps changing by day. Even though such developments boost the industry, its challenges are numerous and unpredictable. Security measures that have always been taken to solve the problem are usually faced with other sophisticated criminal activities that take time to master and solve. This is hence a challenge that the transport and logistics industry will have to live with. However, with proper management, its negative impacts can be reduced drastically. Reference list Bowersox, D. J. (2000). Logistical management. Tata McGraw-Hill Education. Ellram, L. M. (1996). The use of the case study method in logistics research. Journal of Business Logistics. This assessment on Problems with Transportation and Logistics Management was written and submitted by user Alexa U. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Sample Essay Explaining Low Gmat Score

Sample Essay Explaining Low Gmat ScoreWhy is it important to write a sample essay explaining low gmat score? The main reason is the fact that people will use this information for their individual requirements. If you want your child to go to school, then a student with a low score would be useless for you to have him or her.In case of a person who is having a low score, if he or she wants to enter to an organisation, then he or she must have the ability to fill in the required documents like the certificate, work permit, and so on. At times, they may even have to go through the whole process of getting into school. Here are some samples of samples where you will find such things.If you are an employer, then he or she must first of all fill the questionnaire asking about his or her knowledge of his or her work location. It must also tell them where they were engaged and what sort of work they are performing. Here, you must not just ask them about their interests but you must also get into their way of thinking as well. This is a very good sample for you to understand the way the person is working with the job.If you want to know more about the low gmat score, then you must go through their parents' statement. This is a good and useful sample of samples where you can understand more about the school or institution they will be going to. You can read through their reference number to know more about their history and their knowledge of the school.Another sample is when they were asked to do an essay about the club which has a huge traffic. The amount of traffic there is would be a great source of information about how much the person knows about the club. Here, it is good to use this sample because it would help you to know whether the person is the one who knows the club or not.It would be better if you make a list of these samples so that you would know which one to use in creating a sample essay explaining low gmat score. This would be a lot better than getting into further trouble of hiring a person who does not have the knowledge to fill in the application form.There are many other samples where you will find such samples and this is the main reason why writing a sample essay explaining low gmat score is a must. You must make sure that you use these samples very wisely in order to get a good result from your application.

About the Usonian Vision of Frank Lloyd Wright

About the Usonian Vision of Frank Lloyd Wright The Usonian house - the brainchild of American architect Frank Lloyd Wright (1867-1959) - is the embodiment of an idea for a simple, stylish small house of moderate cost designed especially for the American middle class. It is not so much a style as a type of residential architecture. Style is important, wrote Wright. A style is not. When looking at a portfolio of Wrights architecture, the casual observer might not even pause at the Jacobs I house in Madison, Wisconsin - the first Usonian house from 1937 looks so familiar and ordinary compared with Wrights famous 1935 Fallingwater residence. The Kaufmanns’ Fallingwater in the Pennsylvania woods is not a Usonian, yet, Usonian architecture was another obsession of the famous Frank Lloyd Wright in the last decades of his long life. Wright was 70-years-old when the Jacobs house was finished. By the 1950s, he had designed hundreds of what he was then calling his Usonian Automatics. Wright didnt want to be known solely as an architect of the rich and famous, although his early residential experimentation in Prairie house design had been subsidized by families of means. The competitive Wright quickly became interested in affordable housing for the masses  - and doing a better job than the catalog companies like Sears and Montgomery Ward were doing with their prefabricated house kits. Between 1911 and 1917, the architect teamed up with Milwaukee businessman Arthur L. Richards to design what became known as American System-Built houses, a type of prefabricated small, affordable home easily and quickly assembled from ready-cut materials. Wright was experimenting with grid design and a less labor-intensive construction process to create beautifully designed, affordable dwellings. In 1936, when the United States was in the depths of the Great Depression, Wright realized that the nations housing needs would forever be changed. Most of his clients would lead more simple lives, without household help, but still deserving of sensible, classic design. It is not only necessary to get rid of all unnecessary complications in construction... wrote Wright, it is necessary to consolidate and simplify the three appurtenance systems - heating, lighting, and sanitation. Designed to control costs, Wrights Usonian houses had no attics, no basements, simple roofs, radiant heating (what Wright called gravity heat), natural ornamentation, and efficient use of space, inside and out. Some have said that the word Usonia is an abbreviation for United States of North America. This meaning explains Wrights aspiration to create a democratic, distinctly national style that was affordable for the common people of the United States. Nationality is a craze with us, Wright said in 1927. Samuel Butler fitted us with a good name. He called us Usonians, and our Nation of combined States, Usonia. Why not use the name? So, Wright used the name, although scholars have noted that he got the author wrong. Usonian Characteristics Usonian architecture grew out of Frank Lloyd Wrights earlier Prairie style home designs. But most importantly, perhaps writes architect and writer Peter Blake, Wright began to make the Prairie house look more modern. Both styles featured low roofs, open living areas, and built-in furnishings. Both styles make abundant use of brick, wood, and other natural materials without paint or plaster. Natural light is abundant. Both are horizontally inclined - a companion to the horizon, wrote Wright. However, Wrights Usonian homes were small, one-story structures set on concrete slabs with piping for radiant heat beneath. The kitchens were incorporated into the living areas. Open carports took the place of garages. Blake suggests that the modest dignity of the Usonian homes laid the foundation for much modern, domestic architecture in America yet to come. The horizontal, indoor-outdoor nature of the popular Ranch Style home of the 1950s is anticipated by the realization of the Usonian. Blake writes: If one thinks of space as a sort of invisible but ever present vapor that fills the entire architectural volume, then Wrights notion of space-in-motion becomes more clearly understandable: the contained space is allowed to move about, from room to room, from indoors to outdoors rather than remain stagnant, boxed up in a series of interior cubicles. This movement of space is the true art of modern architecture, for the movement must be rigidly controlled so that the space cannot leak out in all directions indiscriminately. - Peter Blake, 1960 The Usonian Automatic In the 1950s, when he was in his 80s, Frank Lloyd Wright first used the term Usonian Automatic to describe a Usonian style house made of inexpensive concrete blocks. The three-inch-thick modular blocks could be assembled in a variety of ways and secured with steel rods and grout. To build a low-cost house you must eliminate, so far as possible, the use of skilled labor, wrote Wright, now so expensive. Frank Lloyd Wright hoped that home buyers would save money by building their own Usonian Automatic houses. But assembling the modular parts proved complicated - most buyers ended up hiring pros to construct their Usonian houses. Wrights Usonian architecture played an important role in the evolution of Americas midcentury modern homes. But, despite Wrights aspirations toward simplicity and economy, Usonian houses often exceeded budgeted costs. Like all of Wrights designs, Usonians became unique, custom homes for families of comfortable means. Wright admitted that by the 1950s buyers were the upper middle third of the democratic strata in our country. Usonian Legacy Beginning with a house for a young journalist, Herbert Jacobs, and his family in Madison, Wisconsin, Frank Lloyd Wright built more than a hundred Usonian houses. Each house has taken on the name of the original owner - the Zimmerman House (1950) and Toufic H. Kalil House (1955), both in Manchester, New Hampshire; the Stanley and Mildred Rosenbaum House (1939) in Florence, Alabama; the  Curtis Meyer House (1948) in Galesburn, Michigan; and the Hagan House, also known as Kentuck Knob, (1954) in Chalk Hill, Pennsylvania near Fallingwater. Wright developed relationships with each of his clients, which was a process that often began with a letter to the master architect. Such was the case with a young copy editor named Loren Pope, who wrote to Wright in 1939 and described a plot of land he had just purchased outside of Washington, D.C. Loren and Charlotte Pope never tired of their new home in northern Virginia, but they did tire of the rat race surrounding the nations capital. By 1947, the Popes had sold their home to Robert and Marjorie Leighey, and now the home is called the Pope-Leighey House - open to the public courtesy of the National Trust for Historic Preservation. Sources The Usonian House I and The Usonan Automatic, The Natural House by Frank Lloyd Wright, Horizon, 1954, pp. 69, 70-71, 81, 198-199Frank Lloyd Wright On Architecture: Selected Writings (1894-1940), Frederick Gutheim, ed., Grossets Universal Library, 1941, p. 100Blake, Peter. The Master Builders. Knopf, 1960, pp. 304-305, 366Chavez, Mark. Prefabricated Homes, National Park Service, https://www.nps.gov/articles/prefabricated-homes.htm [accessed July 17, 2018]American System-Built Homes, Frank Lloyd Wright Foundation, https://franklloydwright.org/site/american-system-built-homes/ [accessed July 17, 2018] SUMMARY: Characteristics of a Usonian Home one story, horizontal orientationgenerally small, around 1500 square feetno attic; no basementlow, simple roofradiant heating in concrete slab floornatural ornamentationefficient use of spaceblueprinted using a simple grid patternopen floor plan, with few interior wallsorganic, using local materials of wood, stone, and glasscarportbuilt-in furnishingsskylights and clerestory windowsoften in rural, wooded settingsUsonian Automatics experimented with concrete and patterned concrete blockdesigned by Frank Lloyd Wright

Business Gravitas and Language

Business Gravitas and Language Business Gravitas and Language Business Gravitas and Language By Maeve Maddox Tech columnist Rob Walker questions whether anyone still has gravitas in the Internet Era. gravitas (noun): high seriousness, as in a person’s bearing or the treatment of a subject; seriousness of conduct, bearing, speech, temperament, etc. According to Walker, â€Å"if you want to be taken seriously in our post-gravitas culture, you must demonstrate that you do not take yourself too seriously.† Walker makes his case for the disdain of gravitas in the entertainment media (and that includes much of what is called â€Å"news coverage†), but the pride in ignorance and love of vulgarity that dominates the popular media does not seem to apply in corporate America. The Web teems with consultants and business coaches who list gravitas as a characteristic of â€Å"executive presence,† an elusive quality that leads to promotion and is required in positions of leadership. According to an article at Forbes, the gravitas associated with executive presence comprises â€Å"confidence, poise under pressure and decisiveness.† Closely associated with this quality are speaking and writing skills. Executives who possess gravitas: do not sprinkle their speech with vulgarities. do not mumble, but enunciate their words and pronounce them conventionally. do not let their voices rise at the end of sentences that are not questions. On the other hand, they do: avoid nonstandard usage that would make them sound uneducated. speak in a pleasant rhythm and modulate their voices to avoid shrillness or nasality. express themselves coherently and grammatically, even in email. Kyle Wiens, CEO of iFixit, and founder of Dozuki, believes that carelessness with language is symptomatic of carelessness in other areas: Grammar signifies more than just a person’s ability to remember high school English. I’ve found that people who make fewer mistakes on a grammar test also make fewer mistakes when they are doing something completely unrelated to writing - like stocking shelves or labeling parts. His policy of refusing to hire anyone who cannot pass a grammar test has stirred heated controversy. His critics feel that mastery of one’s native language should apply only to employees involved directly with written communication. For example, contrary to Wiens, writer John McWhorter would require the ability to tell the difference between â€Å"your† and â€Å"you’re† only of those whose jobs require â€Å"taking dictation, writing technical directions and blog entries, teaching school, etc.† McWhorter even suggests that people who don’t demonstrate mastery of standard usage are not necessarily lazy, but are â€Å"more likely† victims of ineffective public education. Whatever the cause, a large segment of the American workforce lacks basic writing skills. A survey of 120 American corporations conducted by the National Commission on Writing, a panel established by the College Board, concluded that a third of employees in these companies wrote poorly enough to require in-house remediation costing as much as $3.1 billion annually. The tragedy of all this waste is that CEOs are not looking for people who can write like prize-winning novelists. All they want are people who can speak and write clearly enough to get their point across in a standard form of basic English skills that can be mastered by eighth-graders. TV shows and car ads may get laughs by poking fun at gravitas, but speakers who want to get ahead in the business world will master a form of standard English and know when to use it. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Business Writing category, check our popular posts, or choose a related post below:Possessive of Proper Names Ending in SDoes "Mr" Take a Period?10 Writing Exercises to Tighten Your Writing

WSJ3 Article Example | Topics and Well Written Essays - 250 words

WSJ3 - Article Example Himsagar variety on the other hand has a sweetened aroma and comes from West Bengal. This variety ripens in June and it is not fibrous at all thus very delicious. Kesar variety is yellow in color and it has a tinge of green on the outside. It commonly come from Gujarat and is relatively cheaper than the Alphonso. Rajyasree describes Alphonso as the most beautiful mangoes he has ever seen. The variety comes from Ratangiri, Maharashtra and they have a huge market both locally and internationally. Alphonso mangoes are very delicious though they are highly expensive. The final variety that the article discusses is the Banganapalli type. It usually come fromTamil Nadu, and it was first introduced by the royal family of Banganapalli in Kurnool, Andhra Pradesh. Banganapalli mangoes are also very sweet and relatively cheaper compared to Alphonso (Rajyasree para1-9). However, apart from the varieties mentioned by the article, there exist other numerous varieties that are even popular than the above-mentioned. It appears as if Rajyasree covered mango varieties that are only common in India and ignored global varieties like Akbar, Apple, Betti Amba, Beverly, Banana and Batawi. The future of mango fruits is brilliant since there are various researches that are under way in various agricultural research centers in order to ensure that better mango varieties are introduced in the market that are more resistant to diseases, more delicious and varieties that can take a shorter time to mature. Rajyasree Sen. "Top Five Mango Must-Haves - India Real Time - WSJ." eFinancial Careers | Job News & Advice. N.p.,  2014. Web. 16  June  2014.

Social and Economic Inequality Essay Example | Topics and Well Written Essays - 1500 words

Social and Economic Inequality - Essay Example People might ask why does this type of inequality exist in the society or what are the reasons behind its existence. Some might say that it is because of the technological advancements whereas some might point towards the rate of unemployment all around the world. Technology has advanced a lot in these past years which has lead to the replacement of man with machines. This in turn has lead to the rise in the number of jobless people in the society. There are people who are willing to work at minimal wages just to earn what little they can (Reich 406). Another problem that can be contributed to the increasing income inequality is the availability of overseas workers who can accomplish tasks with the same level of perfection and yet ask for minimal salary in return. This shift of job placements from developed nations to developing nations also increase the gap between the upper class and the lower class employees who are now forced to work at a pay which is far less than what they actu ally deserve. The government is also considered selfish in this regard because they have attracted all the big booming industries by reducing taxes but little do they realize that these companies will soon be converted into completely automated industries which will require very little man power and hence the number of jobless people will continue to rise in the coming years but the government is more concerned about the productivity and the profit that they gain rather than the amount of unemployment that they will have as a result of this.