Business Communication

Introduction Communication underscores the means of exchanging meaningful opinions or ideas verbally or through writing to the concerned people or parties. Communication consists two or more people who have to come together to share information with one another and the material communicated should be clearly understood by all the involved parties.Advertising We will write a custom essay sample on Business Communication specifically for you for only $16.05 $11/page Learn More Effective communication is extremely important especially to business people and managers, as they have to communicate with their staff, shareholders, and the wider community in such a proper way to avoid misinterpretations (Taylor, 2005). Therefore, poor communication is very catastrophic and the result is the loss of business worth lots of money, loss of customers, and spoiling the good image of an organization. This realization implies that communication is a basic need in busines s organizations and for success of any business, up to date information should be readily available regarding various aspects of the business. This information should be present to all the interested parties so that it can be utilized effectively for the benefit of the business. Business communication Business communication is formal and carefully organized to get things done in the right way and deliver information swiftly and inexpensively rather than exchanging good-natured remarks. Anyone who works to earn a living is involved in business communication and its importance is growing tremendously due to the increase in commercial activities. In the past, one person could run a business as there were no large organizations, but this aspect has changed in the 21st Century due to the emergence of multi-national businesses and hence the pressing need for effective business communication (Cardon, 2013). Most successful organizations appreciate that good communication at all levels is e ssential if they have to succeed in today’s competitive business world. They have to adopt suitable systems of communication and use them in the right way in a bid to convey the right information to the concerned people. For instance, staff members play a vital role in the running an organization, and thus they need to have relevant up to date information so that they can know what is expected of them in a bid to improve their performances. Most misunderstandings that take place in organizations are mainly the outcomes of ineffective communication, which explains why delegation of tasks and resolving of grievances call for sensitive and careful communication to avoid conflicts in workplaces (Taylor, 2005).Advertising Looking for essay on business communication? Let's see if we can help you! Get your first paper with 15% OFF Learn More Communication with the suppliers may seem easy, but at times, some organizations order resources verbally, and thus fail to ensur e that the supplier has an understanding of what is required of them. Thus, an effective communication system should be in place to ensure that all the involved parties get the intended message from the source. Business communication media Good communication in any organization is subject to the chosen channels of communication. The chosen channel determines how the sender will convey the message and how the recipient will interpret the message, and thus choosing the right channel is very crucial. The communicator has to be careful and judicious when choosing a media and factors like reliability, formality, receiver, confidentiality, urgency, cost, speed, safety, and security should be the guiding principles when choosing a certain medium of communication. Today, a communicator can choose from the various ways of passing information in a bid to help a business function efficiently. These ways include written communication, which covers everything that is written and has to be commun icated in inscribed form, for example letters, press release, reports, telegrams, and memos among others. The benefit of this kind of communication in a business environment is that it is permanent and can be very useful in future reference. In addition, besides being accurate and precise, written documents can be accepted as legal documents. The other medium of communication is oral communication, which involves the use of spoken words rather than written words and it is a vital part in the contemporary business world. Oral communication includes conversations over the phone, group discussions, meetings, face-to-face conversations, and speeches among others. If used effectively, oral communication is useful in the development of any kind of business as it saves time and it is a powerful means of persuasion, as most recipients usually find it more dependable for they get an opportunity for clarification and feedback. Apart from communicating orally, it is also possible to communicat e visually using photographs, pictures, facial expression, gestures, charts, diagrams, posters, and tables. Successful conveyers of information make effective use of gestures and facial expressions. This channel of communication is also essential as information can be communicated successfully to the targets audience.Advertising We will write a custom essay sample on Business Communication specifically for you for only $16.05 $11/page Learn More In many cases, this form of communication is more effective than written or communicated words; for example, a poster of products made by a certain company will be conveyed to thousands of potential customers, hence the communication through this media is assured and instantaneous. In a bid to be more effective, visual communication can be combined with written media of communication to convey the message as visual communication alone is not sufficient. Audio-visual communication is another medium of communicati on and it involves an amalgamation of sight and sound. Visual communication is not enough and people may not understand the intended message. This aspect explains why audio-visual communication is important, as the recipients will not miss the message since the slides go along with enlightenment and description. When message is conveyed in such a manner, it is retained for a longer period as compared to any other medium of communication. In a bid to save money, large business organizations should practice this kind of communication when popularizing there products as it is suitable for mass publicity (Flatly, 2002). In the modern day, electronic devices such as computers and televisions have made communication much easier. Communication using such electronic devices is referred to as electronic communication. With the use of computers, business communication becomes easier as people can send either internal electronic mail, which operates within the organization or external electron ic mail, which can be send to organizations or individuals around the globe as long as there is Internet connection. Computers have also made it possible for companies to save money that is used while traveling as people can communicate electronically through electronic conferencing (Locker Kaczmarek, 2004). Thus, these new communication technologies should be used in the right manner as they are critical to success in many businesses and they boost the human ability to communicate as they make communication easier and cheaper. Types of business communication Communication in small scale or large-scale organizations should be made clear so that the process of communicating will not be complicated. There are two types of business communication namely external and internal communication. External communication involves the exchange of important messages amongst different organizations or individuals outside the business, for example marketing of products, reports to government depart ments, and press releases. This kind of communication is very important to the development of a company or organization as it helps to keep customers informed on the organization’s activities, products, and services and this aspect makes more clientele or people to be more interested in dealing with that particular company, thus leading to an increase in the sale of its products. In addition, apart from establishing a good reputation with its customers, external communication makes it possible for a company to get feedback from its customers and improve on weaknesses by making better products that suit the clients’ needs.Advertising Looking for essay on business communication? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the other hand, internal communication is the exchange of relevant information amongst people within the same organization. In an organization, having a good internal communication is a very crucial aspect as it helps in improving the relationship between the staff members and their employers. Having a good flow of communication between the senior and junior staff is highly recommendable as any kind of complaint by the staff is communicated and measures to solve it put in place. This move helps in averting crises like strikes, which affects the overall performance and reputation of the company. Moreover, with sound communication, the management is well informed on any shortcomings like a failure of machines and it takes the necessary steps to avoid any losses. Therefore, the presence of a good internal communication system enables employees to co-ordinate effectively, hence making them work together towards the same goal of making an organization more successful. Internal communi cation can take the form of formal or informal meetings between the employees and the management or even internal newsletters. To keep all communication routes open and effective in an organization, internal communication should flow into different directions depending on the organization’s structure. These directions include downward flow, which moves downwards from the top management depending on the different levels in the organization (Locker Kaczmarek, 2004). This kind of communication can be either oral of written and the immediate superior can successfully convey any information to the subordinates. Usually, downward flow of communication follows a chain of command and it is usually dominated by oral means of communication, as it is easier for the superiors to convey the message orally to those under their supervision rather than writing lengthy reports. Another flow of internal communication is known as upward flow. It the opposite of downward flow and it entails the movement of information from the subordinates to the top most senior officers in an organization. This flow of information helps the senior officers in managing the organization in a better way as they get constructive suggestions to improve performance from the junior employees. In addition, it improves the relationship between employees and the management by creating greater harmony between the two. However, this flow of communication can only be effective if managers do not exercise excessive strictness by encouraging the subordinates to come out and communicate freely on what they think of the organization and its policies. Feedback is an important aspect in the communication process, and without it, the process becomes unfruitful. Horizontal communication is a type of communication flow that takes place amongst persons at the same levels of hierarchy and departments within an organization. The main goal of this flow is to cooperate and share any useful information and it is th e most common in most organizations as workers are more comfortable while communicating with others of the same hierarchy rather than their superiors. Though some managers discourage this kind of flow, it is very important as it promotes understanding and coordination of different departments, which is essential in the completion of routine tasks. Due to its informal nature, it is easily carried out through oral means of communication especially face-to-face exchange of crucial information or telephone conversations from one department to the other. Unlike the formal communication that hinders the free flow of information, the informal environment created by this flow allows staff to express their views freely, thus coming up with solutions to various hitches and misunderstandings affecting the organization. Informal written means of communication like letters and reports can also be used to convey information to staff of the same hierarchy. Barriers to business communication Challe nges are inevitable and no matter how any organization plans the business communication system carefully, it is likely to encounter some barriers since business communication is a complex process with many sources of possible mistakes. The flow of information in an organization is usually interrupted by either external factors or people tasked with communicating. These barriers have negative effects as they affect the morale of the staff and the efficient functioning of the organization and thus it is important for the management to identify and take counteractive measures to overcome the same. For instance, language can cause breakdown in communication, as the choice of words is very vital to the effective communication. Many words have different meanings and different people interpret them in a diverse way according to their mental attitude and understanding. This element is a barrier for the information being communicated by the messenger may not convey the intended meaning to th e recipient, which results in distortion of the message. However, the miscommunication can be sorted out if the transmitter puts into consideration dialects, educational, and regional accents as peoples’ different backgrounds affect how they interpret different words. Noise, â€Å"which is a physical barrier, also affects effective communication in an organization† (Locker Kaczmarek, 2004, p.104). Interruptions of this kind can be very disruptive, as oral method of communication is rendered useless in a noisy working environment. Noise is also used to â€Å"refer to all kinds of physical interferences like poor telephone connections, illegible writings, and filthy copies of spare typescript and in addition to noise, time and distance also affect the smooth flow of information in an organization† (Locker Kaczmarek, 2004, p.106). Despite the technology evolution, modern communication systems are not available everywhere and at times mechanical breakdowns render these facilities useless hence affecting communication. Therefore, the geographical distance between the sender and the recipient can act as a barrier to successful communication. All the available media of communication have their advantages and disadvantages and hence the wrong choice of media to convey information can act as a barrier. A sender who has an idea of what the communication aims to achieve can choose the wrong medium and the recipient will misinterpret message. For example, an employee who wants to inform the employer about his misconduct should choose face-to-face communication rather than written formal communication as the supervisor is likely to be more satisfied. In addition, the use of a medium, which the recipients are not familiar with, turns the medium into a barrier. Another barrier to effective communication is psychological barriers, which occur due to psychological or social problems. Different individuals have different ways of interpreting messages due to their own perceived opinions. Thus, if the message under communication is in tandem with the individuals’ sentiments and positions, they are likely to accept it easily and this aspect acts as a barrier to business communication. Emotions also play a crucial role in the transmission of information because if a sender is worried or excited, the state of his/her mind will be reflected in the message and it may not be organized properly. Therefore, it is very important not to allow emotions to hinder the smooth flow of communication in an organization. Measures to ensure effective business communication Since business communication is the lifeblood of a successful business, measures should be taken to mitigate the aforementioned barriers in a bid to ensure effective transmission of ideas from one person to another in an organization. One way of achieving this goal is by ensuring that the business communication is well planned so that the contents are well organized, relevant, and complete. Completeness in communication is very necessary as the receiver will get the right message and avoid wrong actions and decisions, which can emerge from incomplete messages. The sender should ensure the completeness of a message as this aspect would help in avoiding miscommunication and misunderstanding between the sender and the receiver. In organizations, there has been an explosion of information, and thus for business communication to succeed, careful processing of information should be practiced to eliminate all the unwanted irrelevant information. This element is important as it ensures that the communication channels are not overloaded and hence the flow of communication in the organization is regulated. Additionally, the involved parties should identify and solve all weakness in a communication system of an organization in a bid to maintain the optimum flow of information. An example of a weakness that can affect the flow of information is relationship barriers, and thus the management should work hard to remove this barrier by creating firm relationships and a climate of confidence to facilitate honest feedback from subordinates. Conclusion Business communication is the cornerstone of coordination in any business environment. However, for business communication to be effective organizations should choose wisely their media of communication in a bid to ensure proper communication and mitigate any barriers that might arise in the process of communication. Therefore, all business organizations should try to establish good business channels. This aspect will be of great benefit to organizations as communication is a vital tool in any successful workplace, as it contributes to a better understanding among employees, commitment, and better decision making. Proper channels should be organized and the right media chosen for information to flow in any organization, as this element ensures that the message reaches the intended user without being di storted in any way. Reference List Cardon, P. (2013). Business Communication: Developing Leaders for a Networked World. New York, NY: McGraw Hill, Inc. Flatly, L. (2002).Basic Business Communication: Skills of Empowering the Internet Generation. West Patel Nagar, DL: Tata McGraw Hill. Locker, K., Kaczmarek, S. (2004). Business Communication: Building Critical Skills. New York, NY: McGraw Hill, Inc. Shutterstcok. (2013). Business communication Stock Photos, Illustrations, and Vector  Art. Retrieved from https://www.shutterstock.com/ Taylor, S. (2005). Communication for Business: A Practical Approach. Upper Saddle River, NJ: Pearson Education Ltd. This essay on Business Communication was written and submitted by user Drake Hooper 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. Business Communication Summarry Business Communication is described as the dissemination of information that is done primarily for the benefit of an organization. Business communication is accomplished by relaying information in different ways to various people who make up the organization.Advertising We will write a custom essay sample on Business Communication specifically for you for only $16.05 $11/page Learn More The communication also includes relaying information about the business s to suppliers, consumers and other stakeholders in the organization. Effective business communication has the advantage of increasing productivity and profitability of the organization (Guffey and Almonte, 2010). To adequately illustrate the concept of business communication, it would be useful to attempt a scholarly critique of two articles from scholarly journals. The critique shall involve a brief summary of the article focused mainly on the data used and the methods employed in formulati ng the research questions. Additionally, the scholarly critique shall attempt to identify the goals of the article and the key theories and concepts used and whether are not these theories and concepts achieved the goals of the article. Finally the conclusion seeks to establish whether or not the article was worth writing. The Use of Strategic Metaphors in Intercultural Business Communication The article seeks to categorically establish that strategic metaphors can be used to help achieve effective intercultural business communication that is a prerequisite for the profitability and productivity of any given organization. The article uses data from a case study of the alliance between Renault and Nissan to illustrate the fact that the use of a suitable metaphor can adequately capture an organization’s essence in terms of its activities, strategic intents and its global and national cultures. The strategic metaphor also details the ethical and business position of the company. The article highlights how the use of effective metaphor enabled the stakeholders in the Alliance to work towards a common goal by employing the ambiguity and the diversity of meaning of the metaphor to surmount the Western and Asian intercultural differences (Cacciaguidi-Fahy and Cunningham, 2007).Advertising Looking for essay on business communication? Let's see if we can help you! Get your first paper with 15% OFF Learn More The goal of the article is to illustrate how the use of a strategic metaphor can benefit intercultural business communication. In my view, the theory and concepts used adequately accomplished the stated goals of the article. In conclusion, the article was definitely worth writing, this is because it makes substantial and theoretical contributions to our knowledge of communication especially in the multi-cultural and global business environment. The implications of the article are fostering a sense of shared identity and goal congruence in a mul ti-cultural business setting. Language and Culture in International Legal Communication The article proposes that in the contemporary global business setting that is characterized by involvement of people from different cultures and nationalities, it is imperative to develop communication competence in terms of language skills. The article highlights the importance of considering intercultural differences in translation particularly with regard to the legal systems of both the target and the source. The article uses data from company law to draw the conclusion that there are certain cultural and linguistic implications of using English as the legal lingua franca in addition to its influence on learning and teaching practice (Kocbek, 2006). The goal of the article is to highlight the importance of language and culture in international legal communication. The key theory and concept successfully used the examination of company law to illustrate how cultural and linguistic differences affect legal undertakings. In my considered view, the article was worth writing as it makes a significant contribution to the methodological and theoretical understanding of communication in the business environment. The article has the implication of underlining the importance of considering the impact of cultural and linguistic differences in legal matters. In conclusion, a critical analysis of the two articles has enhanced my understanding of business communication particularly in the global arena.Advertising We will write a custom essay sample on Business Communication specifically for you for only $16.05 $11/page Learn More References Cacciaguidi-Fahy, S and Cunningham, J. (2007). The Use of Strategic Metaphors in Intercultural Business Communication. Managing Global Transitions. 133-155. Retrieved from http://www.fm-kp.si/zalozba/ISSN/1581-6311/5_133-155.pdf Guffey, M. and Almonte, E. R. (2010). Essentials of Business Communication. USA: Nelson Ed ucation Publishing Inc Kocbek, A. (2006). Language and Culture in International Legal Communication. Managing Global Transition. 231-247. Retrieved from http://www.fm-kp.si/zalozba/ISSN/1581-6311/4_231-247.pdf This essay on Business Communication was written and submitted by user Brisa Pena 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. Business communication

Cost Control and Cost Reduction Essays

Cost Control and Cost Reduction Essays Cost Control and Cost Reduction Essay Cost Control and Cost Reduction Essay PRINCIPLES OF COST CONTROL 1. 1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action the action not taken is often called the opportunity cost. The accountant is primarily concerned with the absolute cost. However, the forest engineer, the planner, the manager needs to be concerned with the alternative cost the cost of the lost opportunity. Management has to be able to make comparisons between the policy that should be chosen and the policy that should be rejected. Such comparisons require the ability to predict costs, rather than merely record costs. Cost data are, of course, essential to the technique of cost prediction. However, the form in which much cost data are recorded limits accurate cost prediction to the field of comparable situations only. This limitation of accurate cost prediction may not be serious in industries where the production environment changes little from month to month or year to year. In harvesting, however, identical production situations are the exception rather than the rule. Unless the cost data are broken down and recorded as unit costs, and correlated with the factors that control their values, they are of little use in deciding between alternative procedures. Here, the approach to the problem of useful cost data is that of identification, isolation, and control of the factors affecting cost. . 2 Basic Classification of Costs Costs are divided into two types: variable costs, and fixed costs. Variable costs vary per unit of production. For example, they may be the cost per cubic meter of wood yarded, per cubic meter of dirt excavated, etc. Fixed costs, on the other hand, are incurred only once and as additional units of production are produced, the unit costs fall. Examples of fixed costs would be eq uipment move-in costs and road access costs. 1. 3 Total Cost and Unit-Cost Formulas As harvesting operations become more complicated and involve both fixed and ariable costs, there usually is more than one way to accomplish a given task. It may be possible to change the quantity of one or both types of cost, and thus to arrive at a minimum total cost. Mathematically, the relationship existing between volume of production and costs can be expressed by the following equations: Total cost = fixed cost + variable cost ? output In symbols using the first letters of the cost elements and N for the output or number of units of production, these simple formulas are C = F + NV UC = F/N + V 1. Breakeven Analysis A breakeven analysis determines the point at which one method becomes superior to another method of accomplishing some task or objective. Breakeven analysis is a common and important part of cost control. One illustration of a breakeven analysis would be to compare two methods of road construction for a road that involves a limited amount of cut-and-fill earthwork. It would be possible to do the earthwork by hand or by bulldozer. If the manual method were adopted, the fixed costs would be low or non-existent. Payment would be done on a daily basis and would call for direct supervision by a foreman. The cost would be calculated by estimating the time required and multiplying this time by the average wages of the men employed. The men could also be paid on a piece-work basis. Alternatively, this work could be done by a bulldozer which would have to be moved in from another site. Let us assume that the cost of the hand labor would be $0. 60 per cubic meter and the bulldozer would cost $0. 40 per cubic meter and would require $100 to move in from another site. The move for Excavation. If, on a set of coordinates, cost in dollars is plotted on the vertical axis and units of production on the horizontal axis, we can indicate fixed cost for any process by a horizontal line parallel to the x-axis. If variable ost per unit output is constant, then the total cost for any number of units of production will be the sum of the fixed cost and the variable cost multiplied by the number of units of production, or F + NV. If the cost data for two processes or methods, one of which has a higher variable cost, but lower fixed cost than the other are plotted on the same graph, the total cost lines will intersect at some point. At this point the levels of production and total cost are the same. This point is known as the breakeven point, since at this level one method is as economical as the other. Referring to Figure 1. 1 the breakeven point at which quantity the bulldozer alternative and the manual labor alternative become equal is at 500 cubic meters. We could have found this same result algebraically by writing F + NV = F + NV where F and V are the fixed and variable costs for the manual method, and F and V are the corresponding values for the bulldozer method. Since all values are known except N, we can solve for N using the formula N = (F F) / (V V) 1. 5 Minimum Cost Analyses A similar, but different problem is the determination of the point of minimum total cost. Instead of balancing two methods with different fixed and variable costs, the aim is to bring the sum of two costs to a minimum. We will assume a clearing crew of 20 men is clearing road right-of-way and the following facts are available: 1. Men are paid at the rate of $0. 40 per hour. 2. Time is measured from the time of leaving camp to the time of return. 3. Total walking time per man is increasing at the rate of 15 minutes per day. 4. The cost to move the camp is $50. If the camp is moved each day, no time is lost walking, but the camp cost is $50 per day. If the camp is not moved, on the second day 15 crew-minutes are lost or $2. 00. On the third day, the total walking time has increased 30 minutes, the fourth day, 45 minutes, and so on. How often should the camp be moved assuming all other things are equal? We could derive an algebraic expression using the sum of an arithmetic series if we wanted to solve this problem a number of times, but for demonstration purposes we can simply calculate the average total camp cost. The average total camp cost is the sum of the average daily cost of walking time plus the average daily cost of moving camp. If we moved camp each day, then average daily cost of walking time would be zero and the cost of moving camp would be $50. 00. If we moved the camp every other day, the cost of walking time is $2. 00 lost the second day, or an average of $1. 00 per day. The average daily cost of moving camp is $50 divided by 2 or $25. 00. The average total camp cost is then $26. 00. If we continued this process for various numbers of days the camp remains in location, we would obtain the results in Table 1. 1. TABLE 1. 1 Average daily total camp cost as the sum of the cost of walking time plus the cost of moving camp. Days camp remained in location| Average daily cost of walking time| Average daily cost of moving camp| Average total camp cost| 1| 0. 00| 50. 00| 50. 00| 2| 1. 00| 25. 00| 26. 00| 3| 2. 00| 16. 67| 18. 67| 4| 3. 00| 12. 50| 15. 50| 5| 4. 00| 10. 00| 14. 00| 6| 5. 00| 8. 33| 13. 33| 7| 6. 00| 7. 14| 13. 14| 8| 7. 00| 6. 25| 13. 25| 9| 8. 00| 5. 56| 13. 56| 10| 9. 00| 5. 00| 14. 00| We see the average daily cost of walking time increasing linearly and the average cost of moving camp decreasing as the number of days the camp remains in one location increases. The minimum cost is obtained for leaving the camp in location 7 days (Figure 1. 2). This minimum cost point should only be used as a guideline as all other things are rarely equal. An important output of the analysis is the sensitivity of the total cost to deviations from the minimum cost point. In this example, the total cost changes slowly between 5 and 10 days. Often, other considerations which may be difficult to quantify will affect the decision. In Section 2, we discuss balancing road costs against skidding costs. Sometimes roads are spaced more closely together than that indicated by the point of minimum total cost if excess road construction capacity is available. In this case the goal may be to reduce the risk of disrupting skidding production because of poor weather or equipment availability. Alternatively, we may choose to space roads farther apart to reduce environmental impacts. Due to the usually flat nature of the total cost curve, the increase in total cost is often small over a wide range of road spacings. Figure 1. 2 Costs for Camp Location Example.

MOHG Essay Example | Topics and Well Written Essays - 1000 words - 1

MOHG - Essay Example bserved that the competition relating to the segment of hotel industry is likely to increase in future that ultimately depicts that Mandarin Oriental Hotel Group (MOHG) would face the difficulty new participants in the industry (Scribd Inc., 2012). By taking into concern this imperative aspect, MOHG effectively develops effective business strategies in the form of external plans. The group emphasises upon advancing its working people as well as enhancing teamwork as a structure of external strategy with the intention of dealing with the aforementioned problem (TMIUS, 2001). The suppliers’ bargaining power is expected to be moderate in recent day context as the reputed or renowned hotels do not desire to compromise their delivered services with quality (Scribd Inc., 2012). In this regard, MOHG execute the strategy of buying products in bulk quantity from its different suppliers that ultimately supports the group to lessen suppliers’ bargaining power (HKMA, n.d.). There have been numerous operators or hotels in the global hospitality industry, which eventually augments huge competition amid the existing market players (Alpen Capital, 2011). In a similar concern, MOHG adopts as well as implements effective business strategies in order to accomplish significant competitive position over its chief business market contenders. The group has been noted to frequently develop its various products or services and most significantly it organises dynamic promotional campaigns of its different services in order to remain competitive in the hospitality industry (HKMA, n.d.). The customers possess broad assortment of options that are readily accessible to them due to the introduction of internet as a form of online channels. This particular aspect not only supported the customers to take appropriate choices for their destinations but also enabled them to review as well as compare hotels along with their services by a greater extent. Thus, it can be stated that

Solar energy and environmental impacts Research Paper

Solar energy and environmental impacts - Research Paper Example Solar energy is copious in the earth and it suggests important potential for the alleviation of climate change; therefore, it is desirable due to its inherently small burden on the environment and has opportunities for positive social impacts. This is further helped by the fact that the cost of solar technologies has been reduced to significant proportions and technical advances coupled with favorable public policies that has resulted into reduction of costs. The use of solar technologies has the advantage of having low lifecycle greenhouse gas emissions when compared to other forms of fossil fuels. This is because the production of solar energy through the photovoltaics (PV) emits no pollution nor does it emit greenhouse gases (Fell, 2012). Moreover, it has the effect of improving the health and livelihood of most of the world’s poorest neighborhoods as it addresses the gaps that is not filled by the available modern energy services (IEA, 2010). Environmental Impacts A report by The Wall Street Journal stated that the development of solar on lands that are deemed desert by disturbing the caliche deposits found underground leading to the release of carbon dioxide in the atmosphere. A similar study has equally found that the development of a solar plant could cause emission of about 6000 metric tons of carbon each year from the disturbance caused by the plant (Wall Street, 2010). Forests play a crucial role in the life of both plants and animals and hence any form of deforestation hinders the proper functioning of these species thus damaging the atmosphere. The role played by forests in human life cannot be gain said and therefore when they are cut to create room for solar plants, the absorption of carbon dioxide ceases or the carbon stored in the trees is released into the atmosphere when the tree is left to rot or is burnt. This has the overall effect of occasioning carbon dioxide build-up in the atmosphere that eventually leads to climate change. This is what happens during the installation of large-scale solar-power projects as ecosystems are interfered with when huge tracts of land are put in use. Forests have to be cleared to prevent shading of solar panels and allow for easy installation of solar posts. The removal of the forests thereafter leads to a change in the natural carbon sequestration rate that thereafter affects the amount of carbon dioxide emitted in the atmosphere. It is important to note that land use will ultimately affect the climate of a place including the local climate, microclimate and the temperature of the surface of land. Therefore, when solar panels which usually have low reflectivity and utilizes or converts large amounts of solar insulation into heat, there is the likelihood it may affect the global climate or the climate of a particular place. To minimize the effects that come about because of land use, it is important that when a solar installation is to be put in place by any stakeholder, the land selected should be in areas with low population density that translates into a low environmental sensitivity. Solar Energy and Climate Change The use of solar energy has an advantage in the sense that carbon savings derived from the use of solar energy outweighs the development of this form of energy. This means that a solar plant can save nearly 560, 000 metric tons of carbon per year (Wall Street, 2010). There is therefore a need to expand the solar power potential in order to meet the climate

PersuasiveControvserial paper Essay Example | Topics and Well Written Essays - 750 words

PersuasiveControvserial paper - Essay Example Thesis Abortion is not an immoral act but the only possible way for many women to avoid undesired pregnancy and protect their future. Within the pro-choice movement, arguments come from the field of legal philosophy, specifically natural law, claiming that the right-to-life is a fundamental human right which should be protected by law. Again, from the legal perspective, pro-choice encompasses those advocating a right of every woman to control her life. This lobby advocates for female's right to choose abortion. Moderates believes that abortion should be a last resort and justified in case the pregnant woman cannot raise the child or give it up for adoption, or "if the pregnancy risks pose a danger for the life and health of the woman" (Hull et al 98). It also has to do with partisan affiliation: many Democrats are radical pro-choice, while the Republicans are mostly pro-choice moderates. The problem is that it is impossible to accept the law and develop a single ethical rule suitable for all the cases. Every specific case should be discussed separately in accordance with the circumstances and patients' health cond itions. Most Americans suppose that it is unethical to use people as a mean but its more unethical to deprive other babies of a chance to survive because of speculative ethical arguments created by a group of people. The vivid example of ethical dimensions of abortion is Roe v. Wade which became a landmark event in the history of abortion in America. The woman claimed that she had become pregnant by rape and therefore was seeking an abortion. Norma and her defendant though that abortion ban violated the right of women under the First, Fourth, Fifth, Ninth, and Fourteenth Amendments to the United States Constitution. Norma McCorvey had already given birth by the time the case was brought before the Court in December 1971. (Hull et al 93). Claiming that abortion is immoral and comparing it to killing, pro-life advocates forget about such problems poverty and hunger, lack of money and cloths. It is easy to state that 'fetus is a human'. It is possible to say that most of these people do not know hardship and poverty speaking about the God and high moral values. For many women, abortion becomes the only possible way to protect their families from poverty and hardship. For instance, some African-American and Latino families have 7 or more children, and one more children will be a real burden for them. So, banning abortions without any exceptions is a cruel and unjustifiable practice Abortion is also very bad for the morality of society as a whole. Abortion is an easy way out, so it encourages promiscuity and unprotected sex. The very notion of abortion is immoral because it ruins the whole concept of responsible parenthood. The society has the duty to protect the life of its citizens. "The right to life has been the found ation of the civilized society" (Wetstein 54). Still, there is no consensus among the scholars, politicians and members of general public as to what attitude to abortion is justified. Nor is there a consensus in the world community, since the practice of different states in this sphere varies a lot. "Whilst abortion has been accepted by the American state since the land-mark Roe vs. Wade case in the early 1970s, this is by no means a reflection of universal agreement - either international or within

Growth of Venture Capital in India

Growth of Venture Capital in India VENTURE CAPITAL:- Venture capital (also known as VC or Venture) is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. Venture capital investments are generally made as cash in exchange for shares in the invested company. It is typical for venture capital investors to identify and back companies in high technology industries such as biotechnology and ICT (information and communication technology). Venture capital firms typically comprise small teams with technology backgrounds scientists, researchers or those with business training or deep industry experience. VCs also take a role in managing entrepreneurial companies at an early stage, thus adding skills as well as capital . Inherent in realizing abnormally high rates of returns is the risk of losing all of ones investment in a given startup company. As a consequence, most venture capital investments are done in a pool format where several investors combine their investments into one large fund that invests in many different startup companies. By investing in the pool format the investors are spreading out their risk to many different investments versus taking the chance of putting all of their monies in one start up firm. A venture capitalist (also known as a VC) is a person or investment firm that makes venture investments, and these venture capitalists are expected to bring managerial and technical expertise as well as capital to their investments. A venture capital fund refers to a pooled investment vehicle (often an LP or LLC) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans. Venture capital is also associated with job creation, the knowledge economy and used as a proxy measure of innovation within an economic sector or geography. Venture capital is most attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the companys ownership (and consequently value). STRUCTURE OF VENTURE CAPITAL FIRMS:- Venture capital firms are typically structured as partnerships, the general partners of which serve as the managers of the firm and will serve as investment advisors to the venture capital funds raised. This constituency comprises both high net worth individuals and institutions with large amounts of available capital, such as state and private pension funds, university financial endowments, foundations, insurance companies, and pooled investment vehicles, called fund of funds or mutual funds. TYPES OF VENTURE CAPITAL FIRMS:- Depending on business type, the venture capital firm approach differ. When approaching a VC firm, consider their portfolio: Business Cycle: Do they invest in budding or established businesses? Industry: What is their industry focus? Investment: Is their typical investment sufficient for your needs? Location: Are they regional, national or international? Return: What is their expected return on investment? Involvement: What is their involvement level? Targeting specific types of firms will yield the best results when seeking VC financing. The National Venture Capital Association segments dozens of VC firms into ways that might assist you in your search. Many VC firms have diverse portfolios with a range of clients. If this is the case, finding gaps in their portfolio is one strategy that might succeed. ROLES WITHIN VENTURE CAPITAL FIRMS:- Although the titles are not entirely uniform from firm to firm, other positions at venture capital firms include: Venture partners Venture partners are expected to source potential investment opportunities and typically are compensated only for those deals with which they are involved. Entrepreneur-in-residence (EIR) EIRs are experts in a particular domain and perform due diligence on potential deals. EIRs are engaged by venture capital firms temporarily (six to 18 months) and are expected to develop and pitch startup ideas to their host firm. Principal This is a mid-level investment professional position, and often considered a partner-track position. Principals will have been promoted from a senior associate position or who have commensurate experience in another field such as investment banking or management consulting. Associate This is typically the most junior apprentice position within a venture capital firm. After a few successful years, an associate may move up to the senior associate position and potentially principal and beyond. Associates will often have worked for 1-2 years in another field such as investment banking or management consulting. ORIGINS OF MODERN PRIVATE EQUITY:- Before World War II, venture capital investments (originally known as development capital) were primarily the domain of wealthy individuals and families. Today true private equity investments began to emerge marked by the founding of the first two venture capital firms in 1946: American Research and Development Corporation. (ARDC) and J.H. Whitney Company. ARDC was founded by Georges Doriot, the father of venture capitalism to encourage private sector investments in businesses run by soldiers who were returning from World War II. ARDCs significance was primarily that it was the first institutional private equity investment firm that raised capital from sources other than wealthy families although it had several notable investment successes as well. ARDC is credited with the first major venture capital success story when its 1957 investment of $70,000 in Digital Equipment Corporation (DEC) would be valued at over $355 million after the companys initial public offering in 1968. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund. THE VENTURE CAPITAL FUNDS IN INDIA:- The concept and origin of Venture Capital, trace its growth, and highlight the venture capital regulations. It has briefly explained about the Chandra Sekhar Committee recommendations, various types of Venture Capital Funds and the venture capital process in India. A simple case on first Venture Capital Fund in India, Technology Development Information Company Of India Ltd., has also developed with concluding remarks. Introduction:- The venture capital investment helps for the growth of innovative entrepreneurships in India. Venture capital has developed as a result of the need to provide non-conventional, risky finance to new ventures based on innovative entrepreneurship. Venture capital is an investment in the form of equity, quasi-equity and sometimes debt straight or conditional, made in new or untried concepts, promoted by a technically or professionally qualified entrepreneur. Venture capital means risk capital. It refers to capital investment, both equity and debt, which carries substantial risk and uncertainties. The risk envisaged may be very high may be so high as to result in total loss or very less so as to result in high gains. THE CONCEPT OF VENTURE CAPITAL :- Venture capital means many things to many people. It is in fact nearly impossible to come across one single definition of the concept. Venture capital is defined as providing seed, start-up and first stage financing and also funding the expansion of companies that have already demonstrated their business potential but do not yet have access to the public securities market or to credit oriented institutional funding sources. The European Venture Capital Association describes it as risk finance for entrepreneurial growth oriented companies. It is investment for the medium or long term return seeking to maximize medium or long term for both parties. It is a partnership with the entrepreneur in which the investor can add value to the company because of his knowledge, experience and contact base. THE ORIGIN OF VENTURE CAPITAL :- In the 1920s 1930s, the wealthy families of and individuals investors provided the start up money for companies that would later become famous. Eastern Airlines and Xerox are the more famous ventures financed. Among the early VC funds set up, was the one by the Rockfeller Family, which started a special fund called VENROCK in 1950, to finance new technology companies. General Doriot, a professor at Harvard Business School, in 1946 set up the American Research and Development Corporation (ARD), the first firm, as opposed to a private individuals, at MIT to finance the commercial promotion of advanced technology, developed in the US Universities. ARDs approach was a classic VC in the sense that it used only equity, invested for long term, and was prepared to live with losers. ARDs investment in Digital Equipment Corporation , 1957 was a watershed in the history of VC financing. While in its early years venture capital may have been associated with high technology, over the years the concept has undergone a change and it implies pooled investment in unlisted companies. MAIN ALTERNATIVES TO VENTURE CAPITAL:- Because of the strict requirements venture capitalists have for potential investments, many entrepreneurs seek initial funding from angel investors, who may be more willing to invest in highly speculative opportunities, or may have a prior relationship with the entrepreneur. Furthermore, many venture capital firms will only seriously evaluate an investment in a start-up otherwise unknown to them if the company can prove at least some of its claims about the technology and/or market potential for its product or services. To achieve this, or even just to avoid the dilutive effects of receiving funding before such claims are proven, many start-ups seek to self-finance until they reach a point where they can credibly approach outside capital providers such as venture capitalists or angel investors. This practice is called bootstrapping. In industries where assets can be securitized effectively because they reliably generate future revenue streams or have a good potential for resale in case of foreclosure, businesses may more cheaply be able to raise debt to finance their growth. Good examples would include asset-intensive extractive industries such as mining, or manufacturing industries. Offshore funding is provided via specialist venture capital trusts which seek to utilise securitization in structuring hybrid multi market transactions via an SPV (special purpose vehicle): a corporate entity that is designed solely for the purpose of the financing. In addition to traditional venture capital and angel networks, groups have emerged which allow groups of small investors or entrepreneurs themselves to compete in a privatized business plan competition where the group itself serves as the investor through a democratic process. Venture capital (VC) arms of companies such as Intel, Cisco, Reliance ADAG, Google and Yahoo are increasing their investments in early stage technology and consumer service start-ups in India. Early Days In the absence of an organised Venture Capital industry until almost 1995, individual investors and development financial institutions played the role of venture capitalists in India. Entrepreneurs have largely depended upon private placements, public offerings and lending by the financial institutions. In 1973, a committee on Development of Small and Medium Enterprises highlighted the need to foster venture capital as a source of funding new entrepreneurs and technology. Thereafter some public sector funds were set up but the activity of venture capital did not gather momentum as the thrust was on high-technology projects funded on a purely financial rather than a holistic basis. REGULATORY GUIDELINES FRAMEWORK:- Later, a study was undertaken by the World Bank, to examine the possibility of developing Venture Capital in the private sector, based on which the Government of India took a policy initiative and announced guidelines for Venture Capital Funds (VCFs) in India in 1988. However, these guidelines restricted setting up of VCFs by the banks or the financial institutions only. Thereafter, the Government of India issued guidelines in September 1995, for overseas investment in Venture Capital in India. For tax-exemption purposes, guidelines were also issued by the Central Board of Direct Taxes (CBDT) and the investments and flow of foreign currency into and out of India have been governed by the Reserve Bank of Indias (RBI) requirements. Further, as a part of its mandate to regulate and to develop the Indian capital markets, the Securities and Exchange Board of India (SEBI) framed the SEBI (Venture Capital Funds) Regulations, 1996. These guidelines were further amended in April 2000 with the objective of fuelling the growth of Venture Capital activities in India. OBJECTIVES AND VISION FOR VENTURE CAPITAL IN INDIA:- Venture capitalists finance innovation and ideas which have potential for high growth but with inherent uncertainties. This makes it a high-risk, high return investment. Apart from finance, venture capitalists provide networking, management and marketing support as well. In the broadest sense, therefore, venture capital connotes financial as well as human capital. In the global venture capital industry, investors and investee firms work together closely in an enabling environment that allows entrepreneurs to focus on value creating ideas and allows venture capitalists to drive the industry through ownership of the levers of control, in return for the provision of capital, skills, information and complementary resources. This very blend of risk financing and hand holding of entrepreneurs by venture capitalists creates an environment particularly suitable for knowledge and technology based enterprises. Scientific, technology and knowledge based ideas properly supported by venture capital can be propelled into a powerful engine of economic growth and wealth creation in a sustainable manner. In various developed and developing economies venture capital has played a significant developmental role. India has the second largest English speaking scientific and technical manpower in the world. The Indian software sector crossed the Rs 100 billion mark turnover during 1998. The sector grew 58% on a year to year basis and exports accounted for Rs 65.3 billion while the domestic market accounted for Rs 35.1 billion. Exports grew by 67% in rupee terms and 55% in US dollar terms. The strength of software professionals grew by 14% in 1997 and has crossed 1,60,000. The global software sector is expected to grow at 12% to 15% per annum for the next 5 to 7 years. Recently, there has also been greater visibility of Indian companies in the US. Given such vast potential not only in IT and software but also in the field of service industries, biotechnology, telecommunications, media and entertainment, medical and health services and other technology based manufacturing and product development, venture capital industry can play a catalytic role to put India on the world map as a success story. WHERE ARE VCS INVESTING IN INDIA? IT and IT-enabled services Software Products (Mainly Enterprise-focused) Wireless/Telecom/Semiconductor Banking PSU Disinvestments Media/Entertainment Bio Technology/Bio Informatics Pharmaceuticals Electronic Manufacturing Retail ISSUES AND CHALLENGES:- Indian Venture Capital yet to be established as a sustainable asset class among institutional investors. Moreover a limited amount of true risk-capital impacts entrepreneurial activity. Exit challenges exist mainly due to shallow capital markets and dull MA environment for small companies. Most importantly, India is yet to create a brand-name for IP-led companies, like Israel has successfully done. THE GROWTH OF VENTURE CAPITAL: A CROSS-CULTURAL COMPARISON The venture capital (VC) industry plays an important role in nurturing entrepreneurship and innovation, and its role varies from country to country. The six countries whose VC industries are analyzed here are the United States and Canada, whose VC industries are mature; Sweden and Denmark, which have established small but successful VC industries; and Israel and Turkey, whose experiences demonstrate the state of the young VC industry in transition economies. The analysis is based on the four main determinants of the VC industry: sources of financing, institutional infrastructure, exit mechanisms, and entrepreneurship and innovation generators. In addition, the special role of VC financing in the biomaterials industry is explained. Understanding the factors that contribute to the emergence of a successful venture capital industry is important for academics, VC associations, policy-making institutions, government agencies, and investors themselves. VENTURE CAPITAL IN INDIA:- In India, the Venture Capital plays a vital role in the development and growth of innovative entrepreneurships. Venture Capital activity in the past was possibly done by the developmental financial institutions like IDBI, ICICI and State Financial Corporations. These institutions promoted entities in the private sector with debt as an instrument of funding. For a long time, funds raised from public were used as a source of Venture Capital. This source however depended a lot on the market vagaries. And with the minimum paid up capital requirements being raised for listing at the stock exchanges, it became difficult for smaller firms with viable projects to raise funds from public. In India, the need for Venture Capital was recognised in the 7th five year plan and long term fiscal policy of GOI. In 1973 a committee on Development of small and medium enterprises highlighted the need to faster VC as a source of funding new entrepreneurs and technology. VC financing really started in India in 1988 with the formation of Technology Development and Information Company of India Ltd. (TDICI) promoted by ICICI and UTI. The first private VC fund was sponsored by Credit Capital Finance Corporation (CFC) and promoted by Bank of India, Asian Development Bank and the Commonwealth Development Corporation viz. Credit Capital Venture Fund. At the same time Gujarat Venture Finance Ltd. and APIDC Venture Capital Ltd. were started by state level financial institutions. VENTURE CAPITAL INVESTMENTS IN INDIA:- The venture capital investment in India till the year 2001 was continuously increased and thereby drastically reduced. It is estimated that there was a tremendous growth by almost 327 percent in 1998-99, 132 percent in 1999-00, and 40 percent in 2000-01 thereafter venture capital investors slow down their investment. Surprisingly, there was a negative growth of 4 percent in 2001-02 it was continued and a 54 percent drastic reduction was recorded in the year 2002-2003. TYPES OF VENTURE CAPITAL FUNDS:- Generally, there are three types of organised or institutional venture capital funds: venture capital funds set up by angel investors, that is, high net worth individual investors; venture capital subsidiaries of corporations and private venture capital firms/ funds. Venture capital subsidiaries are established by major corporations, commercial bank holding companies and other financial institutions. Venture funds in India can be classified on the basis of the type of promoters. VCFs promoted by the Central govt. controlled development financial institutions such as TDICI, by ICICI, Risk capital and Technology Finance Corporation Limited (RCTFC) by the Industrial Finance Corporation of India (IFCI) and Risk Capital Fund by IDBI. VCFs promoted by the state government-controlled development finance institutions such as Andhra Pradesh Venture Capital Limited (APVCL) by Andhra Pradesh State Finance Corporation (APSFC) and Gujarat Venture Finance Company Limited (GVCFL) by Gujarat Industrial Investment Corporation (GIIC). VCFs promoted by Public Sector banks such as Canfina by Canara Bank and SBI-Cap by State Bank of India. VCFs promoted by the foreign banks or private sector companies and financial institutions such as Indus Venture Fund, Credit Capital Venture Fund and Grindlays India Development Fund. VENTURE CAPITAL FUNDING:- Venture capitalists are typically very selective in deciding what to invest in; as a rule of thumb, a fund may invest in one in four hundred opportunities presented to it. Funds are most interested in ventures with exceptionally high growth potential, as only such opportunities are likely capable of providing the financial returns and successful exit event within the required timeframe (typically 3-7 years) that venture capitalists expect. Venture capitalists also are expected to nurture the companies in which they invest, in order to increase the likelihood of reaching an IPO stage when valuations are favorable. Venture capitalists typically assist at four stages in the companys development: Idea generation; Start-up; Ramp up; and Exit There are typically six stages of financing offered in Venture Capital, that correspond to these stages of a companys development. Seed Money: Low level financing needed to prove a new idea (Often provided by angel investors) Start-up: Early stage firms that need funding for expenses associated with marketing and product development First-Round: Early sales and manufacturing funds Second-Round: Working capital for early stage companies that are selling product, but not yet turning a profit Third-Round: Also called Mezzanine financing, this is expansion money for a newly profitable company Fourth-Round: Also called bridge financing, 4th round is intended to finance the going public process WHAT DO VCS LOOK FOR? Venture capitalists are higher risk investors and, in accepting these risks, they desire a higher return on their investment. The venture capitalist manages the risk/reward ratio by only investing in businesses which fit their investment criteria and after having completed extensive due diligence. Venture capitalists have differing operating approaches. These differences may relate to location of the business, the size of the investment, the stage of the company, industry specialization, structure of the investment and involvement of the venture capitalists in the companies activities. The entrepreneur should not be discouraged if one venture capitalist does not wish to proceed with an investment in the company. The rejection may not be a reflection of the quality of the business, but rather a matter of the business not fitting with the venture capitalists particular investment criteria. Often entrepreneurs may want to ask the venture capitalist for other firms that might be interested in the investment opportunity. VENTURE CAPITAL IS NOT SUITABLE FOR ALL BUSINESSES, AS A VENTURE CAPITALIST TYPICALLY SEEKS : Superior Businesses:- Venture capitalists look for companies with superior products or services targeted at large, fast growing or untapped markets with a defensible strategic position such as intellectual property or patents. Quality and Depth of Management:- Venture capitalists must be confident that the firm has the quality and depth in the management team to achieve its aspirations. Venture capitalists seldom seek managerial control, rather they want to add value to the investment where they have particular skills including fund raising, mergers and acquisitions, international marketing, product development, and networks. Appropriate Investment Structure:- As well as the requirement of being an attractive business opportunity, the venture capitalist will also seek to structure a deal to produce the anticipated financial returns to investors. This includes making an investment at a reasonable price per share (valuation). Exit Opportunity:- Lastly, venture capitalists look for the clear exit opportunity for their investment such as public listing or a third party acquisition of the investee company. Once a short list of appropriate venture capitalists has been selected, the entrepreneur can proceed to identify which investors match their funding requirements. At this point, the entrepreneur should contact the venture capital firm and identify an investment manager as an initial contact point. The venture capital firm will ask prospective investee companies for information concerning the product or service, the market analysis, how the company operates, the investment required and how it is to be used, financial projections, and importantly questions about the management team. In reality, all of the above questions should be answered in the Business Plan. Assuming the venture capitalist expresses interest in the investment opportunity, a good business plan is a pre-requisite. METHODS OF VENTURE FINANCING:- Venture capital is typically available in three forms in India, they are: Equity : All VCFs in India provide equity but generally their contribution does not exceed 49 percent of the total equity capital. Thus, the effective control and majority ownership of the firm remains with the entrepreneur. They buy shares of an enterprise with an intention to ultimately sell them off to make capital gains. Conditional Loan: It is repayable in the form of a royalty after the venture is able to generate sales. No interest is paid on such loans. In India, VCFs charge royalty ranging between 2 to 15 percent; actual rate depends on other factors of the venture such as gestation period, cost-flow patterns, riskiness and other factors of the enterprise. Income Note : It is a hybrid security which combines the features of both conventional loan and conditional loan. The entrepreneur has to pay both interest and royalty on sales, but at substantially low rates. Other Financing Methods: A few venture capitalists, particularly in the private sector, have started introducing innovative financial securities like participating debentures, introduced by TCFC is an example. VENTURE CAPITALISTS INVESTING IN INDIA:- For a very long time, Silicon Valley venture capitalists only invested locally. However, throughout the years, they expanded their investments worldwide. Most recently, Matrix Partners, a leading American venture capitalist firm, had announced a $150 million India fund, where they will provide internet, mobile, media, entertainment, leisure, and travel services to customers in Mumbai. Sequoia Capital, a Silicon Valley-based VC firm, wanted to take advantage of investing in start-up companies and had acquired West bridge Capital, an Indian firm, for $350 million. It is no wonder that venture capitalist investments in India have risen dramatically within the past few years. From 2005 to 2007, VC investments in India grew from $320 million to about $777 million, respectively. Some important Venture Capital Funds in India:- APIDC Venture Capital Limited , 1102, Babukhan Estate, Hyderabad 500 001 Canbank Venture Capital Fund Limited, IInd Floor, Kareem Towers, Bangalore Gujarat Venture Capital Fund 1997, Ashram Road, Ahmedabad 380 009 Industrial Venture Capital Limited, Thyagaraya Road, Chennai 600 017 Auto Ancillary Fund Opp. Signals Enclave, New Delhi 110 010 Gujarat Venture Capital Fund 1995 Ashram Road Ahmedabad 380 009 Karnataka Information Technology Venture Capital Fund Cunningham Rd Bangalore India Auto Ancillary Fund Nariman Point, Mumbai 400 021 Information Technology Fund, Nariman Point, Mumbai 400 021 Tamilnadu Infotech Fund Nariman Point, Mumbai 400 021 Orissa Venture Capital Fund Nariman Point Mumbai 400 021 Uttar Pradesh Venture Capital Fund Nariman Point, Mumbai 400 021 SICOM Venture Capital Fund Nariman Point Mumbai 400 021 Punjab Infotech Venture Fund 18 Himalaya Marg, Chandigarh 160 017 National venture fund for software and information technology industry Nariman. DHFL VENTURE CAPITAL INDIA PVT LTD:- DHFL Venture Capital India Pvt. Ltd. (DVCI) provides advisory, managerial and consultancy services to Venture Capital Funds, Venture Capital Managements and Venture Capital Undertakings, related to Indian Real Estate. DVCI is promoted by Dewan Housing Finance Corporation Limited (DHFL), Indias premier second largest housing finance company in the private sector. The Company is presently providing investment management services to DHFL Venture Capital Fund. DHFL Venture Capital Fund was launched in Feb 2006, one of the first private equity Real estate funds in India. The fund is registered with Securities and Exchange Board of India. CANBANK:- Canaan Partners (Canaan) is a global venture capital firm focusing on investments in early stage companies in the technology and healthcare sectors. The firms technology group focuses on digital media, communications, enterprise software, semiconductors, and cleantech. The healthcare group focuses on biopharmaceuticals, devices, and diagnostics. Founded in 1987, the firm has offices in Menlo Park, California; Westport, Connecticut; Gurgaon, India; and Herzliya, Israel. Since inception, Canaan has raised eight funds to date and as of 2009 manages $3 billion in capital. Canbank Venture Capital Fund Ltd (CVCFL) is a wholly owned Subsidiary of Canara Bank. Canbank Venture Capital Fund is Indias First and Only Public Sector Bank sponsored Venture Capital Fund, set up in 1989. The Fund is registered with SEBI. Four Venture Capital Funds with an aggregate corpus of around INR 1200 Million launched till date. The portfolio investments are spread across diverse industrial segments. A Case on Technology Development Information Company Of India Ltd. TDICI was incorporated in January 1988 with the support of the ICICI and the UTI. The countrys first venture fund managed by the TDICI called VECAUS ( Venture Capital Units Scheme) was started with an initial corpus of Rs.20 crore and was completely committed to 37 small and medium enterprises. The first project of the TDICI was loan and equity to a computer software company called Kale Consultants. Present Status: At present the TDICI is administering two UTI -mobilised funds under VECAUS-I and II, totaling Rs.120 crore. the Rs.20 crore invested under the first fund, VECAUS-I, has already yielded returns totaling Rs. 16 crore to its investors. Some of the projects financed by the TDICI are discussed below. MASTEK , a Mumbai based software firm, in which the TDICI invested Rs.42 lakh in equity in 1989, went public just three ye

Reality Is Perception :: essays research papers

Reality Is Perception Human reality is full of physical objects but how humans perceive these objects is completely objective, depending on the person and there senses. Perception of physical objects cannot occur without other objects that allow one to perceive these manifestations in the first place. When a sentient being acknowledges that they "exist in a world of physical objects", they also confirm that their sense perception functions to an extent which allows them to reason, even to a small degree, their physical existence. What is a physical object? Does a physical object have to be something you can see, touch, feel, taste, or smell or can a physical object exist without one being able to confirm its existence? Is the sensory perception of a fly wrong just because it has over a 1000 eyes or is the way humans view the world incorrect because we do not? A blind man can still help a person distinguish a colour because no one perception is ever totally interpreted by only one sensory organ. Many other animals on earth do not just rely on there sight for information about their world. For instance fish in totally dark areas of the ocean have no eyes and yet can still maneuver around in there environment by sensing ripples in their area with special sense organs on their body. Birds also seem to use the magnetic lines of the earth to navigate south for the winter each year. It would be foolish to make the statement that all sensory perception of the world is circumspect and is exactly the same for all creatures. All animals on the planet earth live in a hermeneutic spiral meaning that we all live in the past. Humans as with other animals can only sense a cause after it has made an effect. The assumption is made that if we sense an effect there must therefore be a cause, which leads to a naà ¯ve realism of perception. As well, with sensory perception there is a large amount of extraneous information such as emotional and ideological that causes interference as to how we interpret the information received. This misinterpretation can happen from the time an action is made to the time when we seem to perceive the action. This can be seen for instance when at a baseball game the batter bats a home run and only after a second or two you hear the crack of the bat on the ball. This can be explained because the speed of light which allows you to see the batter hitting the ball is much faster than the

Fair Is Foul and Foul Is Fair Essay

â€Å"Fair is foul, and foul is fair. Hover through the fog and filthy air,† said the witches in the first act and scene of Macbeth. Pertaining to the story, I believe this quote sheds light to the audience on the evil the witches possess. Without even reading further into the book, the audience can feel the eerie aura that the witches give off. You can foreshadow that the witches are going to turn what is good, foul and maintain what is foul. The witches are saying that fair and foul are the same: to be fair, you must be foul and to be foul, you must be fair. The witches do foul things because they think it is the only fair way. The witches basically symbolize everything that the kingdom does not need to prosper. The witches are manipulative. They manipulate Macbeth simply because his downfall would bring them joy. Evil and foul prophecies will cloud Macbeth’s judgment, making him think that they are fair and what he needs to follow. They are foul in their motives but their words are fair and their wordplay cannot be defined as lying but they skillfully dance around the truth. To the witches foul is fair and vice versa. You can also say that what is foul to any normal human is what is fair and good to the witches because they embody everything that we believe is evil. You can relate the phrase to reality or just believe that this is the witches’ opinion. Relating to real life outside of the book, I believe that this quote can mean that sometimes do be fair and just you have to go about it in a way that isn’t fair and just. Justice has to be attained, sometimes, by unjust means. It can also mean that the truth hurts and life is not fair, also to be fair is not to be appealing. These two words are opposite of their meanings. Depending on a person’s definition of fair and foul, it can change its meaning. It is circumstantial, and the meaning can change frequently. Defining fair as benevolent and good and foul as evil and menacing, you can say that to be good, you have to be malicious and to malicious you have to go about it in a ‘good’ and nice way. Some things that are fair might not always be the best but things that are fair might always be what a person what a person wants. Also, it could mean that people and things aren’t as they seem. People who seem foul could be fair and people who seem fair could be foul.

Erp Implementation

Transforming Education Transforming India LETTER 2012 www. lpu. in Table of Content Introduction to Fatletter Freshmen Induction 2012 Lovely Professional University Campus Terminologies and abbreviations Academics and Examination Fee and Accounts UMS We Value what you say (Student Relationship) Parent Relationship Student Activities Residential Services Health Services Safety and Security Wannabuy Support Services Facilities available outside campus Vendors Details Academic Calender List of Holidays 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 FAT LETTERIntroduction to We congratulate you on associating with India's Largest University1, thereby building an association with a University known for providing Quality Education. Stepping into a new phase of your life that shall in true sense mould your future in the making of a world class prolific professional, we understand the oddment and dubieties you would be experiencing and therefore to incubate you with the culture, acculturati on and academic system of Lovely Professional University, we have provided you with this handbook to guide and counsel you.It contains all the germane information that a student requires while embarking on the professional education at University. We urge you to read this hand book and refer to it throughout your programme. It blankets information about all the aspects of a student's life – be it academics, campus life, hostel life or the numerous services/facilities provided by the University. It also provides an insight on various extra-curricular activities like cultural, sports, literary, social and creative.Utilize these varied platforms is an easy way to become a part of the University community and thus create one's own LPU experience. 1 in terms of number of students on a single campus Freshmen Induction Lovely Professional University has taken the initiative of ‘transforming India' by truly ‘transforming education' as necessitated by the world in the pres ent scenario. It aspires at enlightening the youth to rediscover the positivism that dwells within them and pursuit them to take a step forward to become a ‘Verto'-the true transformers.LPU purports to become a â€Å"Proudly Indian, Truly global† University thus believing in an exposure that could match the global standards while respecting the traditions and values of India. In order to inculcate you the system of the University, Freshman Induction is planned before the beginning of your professional career with us. â€Å"Freshmen Induction† is a unique attempt that not only introduces the students with the systems of the University but 2012 also precedes them with the varied platforms available in the University for enriching and exhibiting their potential.Your first three days at the University will be devoted for Induction sessions. These Induction sessions will acquaint you with the basic information and knowledge about the University that you need as a stud ent. Events and activities are planned and scheduled in such a manner so as to provide you ample opportunity not only to familiarize you with various aspects of the university but also to interact and mingle with students, teachers and dignitaries of the University. Also you would enjoy various cultural, sports and fun activities during the event. Academics Some Important terms/Terms in use ?Freshman: A student who is registering for the first time for a particular programme in the University will be ‘Freshman' for that particular programme. Registration Number: It is a unique number allotted to a student on his/her admission in a particular programme. Registration number of a student remains invariant throughout the duration of his programme at the University. Roll Number: It is a number allotted to a student in every term. Programme: It is the area of study leading to the conferment or award of a degree, diploma, certificate or any other academic distinction or title of the University.It shall also include dual degree and integrated programmes. ? Programme Detail: It refers to the scheme and curriculum of a programme. Course: A prescribed set of instructions in a subject offered as a unit of studies within a Programme. Course Detail: It refers to the detailed syllabus of a course. ETE: The examination held at the end of each term by the University. MTE: The examination held in the middle of a term by the University. LTP: It means number of hours of Lecture, Tutorial and Practical of a course per week in a term. Pre-requisites: It refers to conditions that must ? ? Examination ? ? be met before a student can register for a course. Prerequisites can include a specific skill level (e. g. , a minimum of C grade in a specified course) or Pass in a specific course or any other as specified for a course. ? ? ? ? Academic Counsellor: A faculty member who has been assigned the task of providing the course- specific and programme-specific information to a group of students and to advise them on registration related and other academic matters. Continuing Student: A student who has registered for at least one term prior to the current term. ? ? The academia of Lovely Professional University is governed by the rules called â€Å"Academic and Examination Rules for Regular Programmes of Lovely Professional University† which are subject to amendment from time to time as per the discretion of the University. Given below are some of the important points of the rules. After the confirmation of the registration of courses, a student is evaluated on some components. Components of Evaluation The total marks for each course at the end of term will be calculated by adding the marks of following components: ?Attendance ? Continuous Assessment (CA) ? Mid-term examination (MTE) ? End-term examination (ETE) ? Any other, as decided by the University. Attendance Attendance is a vital component of our academic system. An attendance of 75% is compulsory for appearing in the End Term Examination (ETE). deduction of marks or no marks for that particular component. A student is encouraged to prepare the assignments on his/her own and not copy from peers/classmates or directly from the internet because copy cases are dealt with strictly. Continuous AssessmentLPU believes in assessing/evaluating the students not only at the time of examinations but throughout the term. We give a student multiple opportunities to perform and to improve his/her performance throughout the term. Under this practice, a student is expected to work on various ‘academic tasks' e. g. assignments, projects, tests, quizzes, design problems or case studies. The ‘academic tasks' vary according to the nature of the programme. All these components and their weightages are communicated to the students through the Instruction Plans (IPs) at the start of the term that are available on the UMS.A student is required to make the submissions on or before the stip ulated time, failing which leads to the Mid-term examination (MTE) The purpose of MTE is to prepare the students for End Term Examination in terms of structure/pattern of Question paper and time management during the written examination. It is generally conducted in the mid of the term (after half the session is over) and includes approximately 50% of the total syllabus of the course. End-term examination (ETE) These examinations are conducted by the University at the end of term.It includes the examination of all the courses which may be in the form of written examination, practical, viva-voce, presentation or any other prescribed mode of conducting evaluation. Evaluated answer scripts of MTE and ETE are shown to the students on a specified date before the finalisation of awards. The answer sheets are only shown as per the schedule of scrutiny, which is made available on the UMS. In case a student fails to appear on the day of scrutiny, no provision is available for viewing the ans wer sheets later. Academics Examination System of Evaluation &Option 1: Reappear for the course Option 2: Re-register the course To measure a student's performance for a particular course, the following letter grades are used: Letter A+ A B BC CD E F I S U Grade Performance Outstanding Very Good Good Above Average Average Below average Marginal Reappear Fail Incomplete Satisfactory (For Zero credits courses only) Unsatisfactory (For Zero credits courses only) Grade Points 10 9 8 7 6 5 4 0 0 – LPU generally follows grading system, which is a blend of absolute grading and relative grading. However, in some programmes such as B. Pharmacy etc. arks based system is followed. A Student will be given credits for each registered course and will be awarded grades. For a particular term, TGPA (Total Grade Point Average) will be calculated. Similarly the overall academic performance of a student is measured by CGPA (Cumulative Grade Point Average). Grade â€Å"E† If a student is not able to pass a course and is awarded an E grade, it must be converted to a passing grade (A+ to D) by either of the following options: Option 1: Reappear In this case, there will be a single exam having weightage equal to weightage of ETE and MTE together for a concerned course.Option 2: Re-register the course as a Backlog course In this case a student needs to attend all the lectures, tutorials, practical and fulfil all the requirements of the course in terms of Attendance, CA, MTE and ETE. He/she may register the course in subsequent term(s) when such course is offered. The student may appear for reappear to pass a course in the immediate next three reappear examinations held after the term in which the student has registered the course in which he has obtained re-appear(E Grade), otherwise it will be automatically converted into Fail Grade â€Å"F† and the student has to register it again as a Backlog course.Fees for backlog registration as prescribed by the University will be charged. Grade â€Å"F† If a student is awarded Grade â€Å"F† in a course then he/she has only one option available i. e. to re-register the course as a backlog course. In this case a student needs to attend all the lectures, tutorials, practicals and fulfil all the requirements of the course in terms of Attendance, CA, MTE and ETE. He/she may register the course in subsequent term(s) when such course is offered.Process of clearing backlog courses may lead to an extension of the programme for such students. Improvement: In case student after obtaining the Pass Grade, wants to improve his/her result, he/she will have two options: Summer Workshops, study tours and training programmes Wherever the curriculum requires the students to undertake summer workshops, study tours and certain training programmes (certificate courses) the same will be arranged by the University. The students will be required to pay fees/expenses for the same.Change of Programme A student under exceptional circumstances may be allowed to change the programme on the recommendation of designated authority of the University subject to meeting the conditions for such change. A student can apply for transfer of programme only at the end of academic year. The important guidelines such as dates, process and fee will be notified to the students on the University Management System. Minimum Requirement for award of degree Grade-Based Programmes: The minimum CGPA required for the award of Certificate / Diploma / Undergraduate Degree / Postgraduate Degree is 5. subject to getting a pass grade i. e. a ‘D' or above grade in each of the courses individually. Marks-Based Programmes: The minimum aggregate marks required for the award of a degree/diploma/certificate will be 45%, subject to passing in each of the courses individually. However, if any regulatory body for a particular programme has imposed stricter conditions which are different from those given above, the same sha ll prevail. The details of re-appearing or re-registering the course are given under the clause of Grade â€Å"E† and ‘Grade F'.In such cases, best grade out of the previous grade and the current grade will prevail. Promotion condition A student for the Award of a Degree will have to clear all the offered courses. However, there are separate guidelines for promoting a student in the next year. A student has to clear a minimum of 40% of prescribed courses of 1st Year (1st and 2nd term collectively) to get promoted in 2nd Year (3rd Term). A student has to clear a minimum of 50% of prescribed courses of 1st Year and 2nd Year (1st, 2nd, 3rd, 4th term collectively) to get promoted in 3rd Year (5rd Term).A student has to clear minimum of 60% of prescribed courses of 1st Year, 2nd Year and 3rd Year (1st, 2nd, 3rd, 4th, 5th, 6th term collectively) to get promoted in 4th Year (7rd Term). The promotion of a student to a higher (degree/diploma/certificate) in a dual degree program will be subject to satisfy the eligibility criteria as prescribed by the University. However, if any regulatory authority has imposed stricter conditions for promotion in a particular programme, the same shall prevail. Department of Records LPU has a dedicated Department for records.The Department of records facilitates the following services: ? ? ? ? ? ? ? ? Bonafide certificate Character certificate Provision transcript for pass out students Migration certificate for pass out students Original transcript for pass out students Term break certificate for railway concession Term break certificate for visiting abroad Rectification of students records such as name, father's name, mother's name, address, contact number, etc. Submission of pending documents Verification and process of State Level Scholarships for ST/SC/OBC/PH, etc Loan specific documents ? ? ?You may visit the help window of Department of Records in Block 32 Room 101 Fee & Accounts Online Fee Deposition ? Bank Loan Assi stance To facilitate students, the University provides assistance to avail educational loans being offered by various banks like Central Bank of India, HDFC Bank, Punjab National Bank, Oriental Bank of Commerce, State Bank of Patiala etc. ? The fee is to be paid in the favour of the respective Faculty in which the student has taken admission. For example if a student has taken admission in Engineering then the payment is to be made in the favour of Lovely Faculty of Technology and Sciences.The University provides the facility of online fee deposition. Under this, the University has collaboration with 3 nationalised banks which are State Bank of Patiala, Oriental Bank of Commerce and Punjab National Bank. ? To know more please visit the web link: http://www. lpu. in/student_services/bank_loan_assistance. php To guide the students in this concern, loan cell is operational in the University. A student can seek assistance from this cell through Location: Block 30, Level1 Email: [email  protected] co. in In campus fee DepositionDeposition in campus Banks ? Download the fee deposit slip from University Management System (UMS) Fill the required information in Bank Copy & Student Copy. Deposit the fee in â€Å"Pay Fee† mode only in the bank according to the code number of the faculty given below. Obtain the acknowledgment on Student's Copy from the bank. Submit or fax this copy to University Accounts Office to get the Original Fee Receipt. Account Numbers and Bank Codes for all the Faculties are available on the Website and on UMS. To access please visit the web link: http://www. pu. in/student_services/online_fee_deposition. php SMS LPU has started a new facility for the students and parents to know the upto-date attendance and results through SMS. ? ? ? ? ? For checking attendance, Type ATTEND e. g. ATTEND 91180070013 and send it to +919780036414 For checking grade, Type RESULT e. g. for 2nd term result, Type RESULT 91180070013 02 and for 5th term result, T ype RESULT 91180070013 05 and send it to +919780036414 For checking fee, Type FEE e. g. FEE 91180070013 and send it to +919780036414 ? ? ?Fee can also be deposited directly in the University accounts office located in the basement of Block – 32 UMS Website The University website www. lpu. in contains all the vital information in its various tabs. University Management System UMS navigation will enable you to access following tabulated facilities: SERVICES Announcements Time Table WHAT YOU CAN DO WITH THE SERVICE? View information, announcements, and current happenings in the University. View schedule of classes with venue and time details. View aggregate and course wise attendance. View results of the current term as well as ? al CGPA till date. Submit assignments, Term Papers and projects online. View examination date sheet and seating plan. View Instruction plan consisting schedule and content of syllabus to be covered along with text books, reference books, relevant journa ls and related web links View manual covering list of all the experiments along with guidelines, procedures and expected results. Access library related services like book search from the centralized database. Register for Open and Social Science Electives online Forward suggestions, concerns and grievances to higher authorities.Access information regarding placement drives and register for the same. Store and update your pro? le Access information regarding Fee receipts, Accounts statement online Take leave if you are a hosteller. Fill survey and feedback forms to convey your opinions Access information about food kiosks, canteens, stationary shop, Photostat and printer facility, superstore, parlour, salon, computer cafe, boutique, banks ATM, mobile and laptop accessories, laundry , garment shop, sports good shop, shoe store etc.University Management System (UMS)/ Learning Management System (LMS) University Management System is an online portal that provides vital information requi red by the students in terms of academics, e-notices and other dynamic information to carry out the daily activities without any problem. UMS is a Web Based ERP Software that has been developed to take various university functions on IT backbone. UMS can be accessed through a standard web browser like Internet Explorer 8 / Firefox 3. 5 and above. You can avail the facility through your Registration Number as username and assword given to you at the time of admission. UMS can be accessed: Inside University Campus Outside University Campus https://172. 19. 2. 250/lpuums https://ums. lpu. in/lpuums Attendance Results Assignment/ Term Paper/Projects Examination Plan Instruction Plans Lab manual Library services Open and Social Science Relationship Management System (RMS) Placements Pro? le Fee Status Hostel Leave Online surveys and feedback Miscellaneous information Note: 1. UMS can also be accessed through the University Website i. e. www. lpu. in 2.You can access this portal as long a s your remain to be an enrolled student of the university UMS Smart Phone Application LPU i-touch Now the best ICT enabled university (Ranked in e-India awards 2012) is just a touch away on your smartphone. Access your own University Management System through a single touch called LPU i-Touch. The LPU i-touch can be downloaded from the link: http://itunes. apple. com/in/app/lputouch/id509819753? mt=8 it can also be downloaded from www. lpu. in FOR STUDENTS My Time Table : Access your timetable on the click of a button.Fee Statement : Get latest Fee Invoices and statements. Attendance : Real time attendance updates on your phone. Courses : See the list of courses registered with Section and Roll Number. Announcements : Get latest personalized announcements with file attachments. Result : See your Provisional DMC with Grades. FOR PARENTS Time Table – See the timetable of your ward. Fee Statement – Get Fee Invoices and statements. Attendance – Monitor attendance of your ward in real time. Courses – Check what your ward is studying in the current term.Announcements – Check important announcements from the University. Result – Check result of your ward in real time on phone. Student Relationship Cell WE VALUE WHAT YOU SAY University provides varied platforms to students to present their suggestions, queries, concerns or grievances, some of them are: One to One Interaction In certain cases, student considers it necessary to share his concerns with the authorities in person. He can do so at the Student Interaction Timings fixed for various authorities University facilitates the provision of Interaction with authorities at all the levels.The first point of interaction in all cases, however, will be the Section in charge. The various levels for interaction are: 1st level – Section In charge 2nd Level- Head of Department (HoD) / Co- coordinator of the department (CoD). 3rd Level- Head of School (HoS)/ Coordinator of Schoo l (CoS). 4th Level- Dean of Discipline (DoD) 5th Level-Head of Faculty (HoF) Head, Division of Student Affairs (DSA); Office of The Vice Chancellor and then the Office of Pro Chancellor can also be contacted if the issue remains unresolved.The interaction timings of the above said officials can be checked from the UMS under the tab â€Å"Interaction timings with Higher Authorities. † For administrative matters, a student can always approach to the Administrative Office. The details of these offices can be checked from the UMS under the tab â€Å"AO Details† Relationship Management System RMS has been evolved with the objective to facilitate students to share their Issues/ Queries/ Suggestions/ Complaints & Feedbacks with the University to obtain solutions and help for remedial measures. The students are advised to use this facility extensively for genuine purposes only.This facility is available in the UMS Navigation under the heading of â€Å"Relationship Management System† and is available round the clock. Suggestion Boxes A student also has the facility to drop his/ her suggestions in writing in the â€Å"Suggestion Boxes† located at 1. Main Gate 2. Division of Student Affairs 3. Division of Admissions 4. Office of the Worthy Pro Chancellor (Reception) (Block 13) (Block 30) (Block 29) Telephone Helpline Students can call at 01824-510311 during office hours (0900-1700). During induction programme, these services are extended till 1900 hours including Sundays and holidays.Students Interaction sessions Whenever any higher authority or any central division appreciates a need to interact with the students, the schedule of such interactions is announced on the UMS Walk in Help Desk Walk in Help Desk located in Division of Student Affairs, Block 13, Room No. 201 is manned by our counsellors from 0900 -1700 (six days a week). The students are always welcome to share their concerns personally. Student Relationship Cell Student Support Win dows Regular support windows are available to the students six days a week from 0900 hrs. – 1700 hrs. or handling queries related to mandates and procedures of University as elaborated below: SUPPORT WINDOW Academic Affairs ISSUES RELATED TO SPECIFIC QUERIES Change of Programme Change of Dual/ Integrated Degree Option Migration cases for continuing students Course Registration Backlog registration OE/SSE/Departmental Electives Term Off Login Password of UMS Assignment Uploading/Downloading Wi-Fi Internet Access Any other query related to UMS/LMS Fee Inquiry(Term/Hostel/Transportation) Modes of Deposition of Fee – Online – Demand Draft Extension for Fee Payment Verification of Fee/Scholarship Cases Refund/Security/Reimbursement Education Loan Installment Demand Letter LOCATION Block-29 Room No. 404 SUPPORT WINDOW Examination & Record ISSUES RELATED TO SPECIFIC QUERIES LOCATION Block 32 Continuous Assessment Date Sheet & Seating Plan (MTE/ETE) Room No. 102 Provisi onal Results (Examination) Re-checking & Re-evaluation Reappear & Improvement Exam Room No. 01 Scholarship Cases (Record Cell) Submission of Pending Documents Correction in Student Records Character Certificate Migration Certificate Bona Fide Certificate Term Break Certificate ID cards Loan Letters Railway/Bus Forms Documents of UGC approval and Supreme Court's Notification for AICTE Approval Tie Up letters with the Banks/Loan Letters Placement Policy Upcoming Placement Drives Placement Results Alumni Availing/Quitting the transport facility Route related queries Bus Pass Room Availability/Allotment Change of room/seater type Leave Policy Laundry service Stay arrangements for Parents Lost & Found Fire Safety and Security Vehicle Parking Discipline Related Block-32 Room No. 304 Infotech Block-32 Room No. 102 Accounts Block-32 Room No. 102 Student Career Services/ Placements Transport Block-29 Room No. 301 Residential ServicesBlock-27 Room No. 202 Security & Safety Block-27 Room No. 2 08 Student Affairs TOWARDS HOLISTIC GROWTH Contemplating arduous, enculturation from peers and joining student clubs are often reckoned as the three significant things that are said to be component of the students' University life. To ascertain the same, the University runs a well-constituted â€Å"Division of Student Affairs†. Excellence in co-curricular and extracurricular activities is encouraged by the opening of avenues for the students to develop a well-round personality. LPU conceives that co-curricular, extra-curricular, sports and recreation activities are an integral part of education.It takes sports and recreational activities very seriously and has the facilities and expertise to affirm this allegiance. It offers innumerable extracurricular facilities and provides varied platforms for students to learn, practice, amuse, enjoy, perform, compete and fruitfully utilise their time. The Division of Student Affairs (DSA) broadly deals with: ? ? Designing activities and delivering these through clubs & units Let students pursue their common interests by facilitating them to form Student Organizations for those objectives and thereafter let them manage & carry out their activities as an organised body. Various avenues provided to discover, nurture and exhibit one's potential are: â€Å" Winners don't wait for chances, they take them ? ? ? ? ? ? ?Cultural Activities Sports activities Community Services Student Organizations Student Employment services Student Entrepreneurship Student Projectss â€Å" Cultural Activities â€Å" ? ? ? ? ? ? ? ? Multiculturalism-nourish the roots of your culture Cultural activities are inseparable part of LPU life. With national level artists among the students, LPU takes pride in hosting the finest cultural activities. Students may use various platforms To learn basic skills in routine activity of respective clubs. To hone skills towards professionalism under proficient instructors in special sessions conducted by c lubs. To attend professional workshops under international and national exponents and get selected for participation in AIU/National Youth Competitions. â€Å"The Department of Cultural Affairs runs various clubs which include: Theatre Club Dance Club Music Club Literary Club Fine Arts Club Sports Activities We constantly endeavour physical development of our students along with their intellectual development. Towards it, sporting activity is undertaken by students as a recreation & stress buster, competition within university for learning games & formal play or honing better skills to represent the University. Sporting Facility is spread in the campus with over 40 playgrounds that are concentrated in four different sports venue with a separate venue for the girls next to the girl's hostel. Majority of these are located close to the hostel accommodation for convenience of the students.To facilitate sports activities, Department of Sports runs various sports clubs registration for w hich is open to the students. Club of each game has a number of strings that provide playing facility of playing with players of same level of skills. One game can have as many as 20 strings. Watchful eyes of coaches during routine games afford you an opportunity to move up the ladder of these strings and even become a member of the LPU team. Various clubs running under the Department of Sports are: ? ? ? ? ? ? ? Cricket Hockey Football Basketball Handball Volleyball Badminton ? ? ? ? ? ? ? Chess Table-tennis Athletics Yoga Judo Lawn tennis Boxing ? ? ? ? ? ? ? Kabaddi Kho – kho Teakwondo Weight Lifting Power Lifting Softball BaseballA student can pursue sports from amusement viewpoint, can learn basic skills and participate in hostel tournament or hone advanced skills to participate at school level with the probability of selection to be part of the two elite teams for each sport namely LPU-A and LPU-B teams those are continuously nurtured in a professional manner. Cultural and Sports Events Various platforms that are available for cultural and sports activities are as follows: Inter-hostel Competition Intra-School Competitions Inter-school Competition Inter-University Competition Student Empowerment Student Organizations Cell A Student Organization is a student body initiated, managed and run by the students of the University.It comprises of a group of University students associating with each other and sharing and pursuing common interests. These are independent and not related to student Clubs those are entities managed and run by the University administration. A student who feels the need of forming a new Organization can become a promoter and apply for the same by following guidelines given in the ‘Manual for Student Organization' available on UMS and pursue the case till approval of the Organization. Student Organizations are presently divided for administrative and logistical convenience into seven categories. 1. Academic & Education 2. Pe rforming arts I: Dance and Singing 3. Performing arts II: Theatre 4. Social Service 5.Hobbies and Recreation 6. Publication 7. Journalism and Public speaking At present 15 Student Organizations are running under the aegis of Student Organization Cell. Community Services Cell The University believes that the students should understand their social responsibility and help the society, especially unprivileged classes and masses. To act upon this, University organizes activities like Blood Donation Camps, Computer awareness & Training Program, Technical Skill up gradation programs, AIDS awareness program and Career Counselling. This cell consists of four verticals namely: 1. National Service Scheme 2. National Cadet Corps 3. Local Engagement Programs 4.Liaison with External Agencies The Community Service Cell is the one of the latest student driven initiatives by LPU. It aims to contribute to the society in a meaningful manner by utilizing the managerial expertise and skills of the stud ents for the benefit of deprived section of society. Community Service Cell is committed to building ties with NGOs, voluntary non-profit organizations, and government institutions and corporate, which act as catalysts for social change. We envision ourselves as offering voluntary services and eliminate the inequality caused due to social, economic, racial, and cultural differences in the society for doing useful social work. Student Employment CellThe Student Employment Services provides opportunities to the students to earn while they are learning through the part-time jobs thus preparing them to shoulder professional assignments with relative ease. Part-Time student employees will be working as Library Assistants, Computer Service Assistants, Data entry Operators, Project/Lab Assistants, Assistant Coaches/Trainers, Campus Guide, Tele-Support / Call Centre Assistant, Career counsellors etc. In Academic year 2010-11 around 200 students were provided opportunities to work as Student Employees. For any further information regarding the above mentioned cells visit Block – 13 (Room-208) Student Project Cell Student Project Cell with its preamble of â€Å"Originative.Creative. Innovative. † and the primary objective of student empowerment is a unique centre of Informal Skill Development where all activities are planned, managed and conducted by the students. It has two functional areas: 1. Student self-initiated projects 2. Lovely Youth Capital Student self-initiated projects: Student self-initiated projects are the projects that are initiated by a student or a group of students. Student Project Cell guide, mentor and facilitate all activities required for the physical realization of the project like formulation of group, segregation of resources- financial, tangible and non-tangible, etc. and conduct of projects.The student self-initiated projects has multi dimensions and covers all the fields of events/ workshops/ seminars/ celebrations/etc. in aca demic, technical and non-academics as well. Lovely Youth Capital: Lovely Youth Capital (Society for the Promotion of Artistic Culture, Literature, Journalism and Technical Proficiency) is a Society maintained for the promotion of informal accomplishments. The basic objective of the Society is to dig into and explore hidden talent by reaching the unreached students and counsel them realize the talent that persists in them. It has six functional areas: 1. Literature, Journalism and Publications 2. Music, Arts, Dance and Theatre 3. Film Production and Studio Works 4. Rastriya Manak Hindi Bhasha Samiti 5.Technical Proficiency 6. Photography Lovely Youth Capital organizes 20-30 high magnitude open Intra University events in the fields mentioned above every semester. Student Entrepreneurship Projects Student Entrepreneurship is a platform for students to recognize and utilize their skills in identifying opportunities and creating innovation in business. This initiative is about students, their choices and actions in starting, taking over or running a business. This provides opportunity to students to turn an idea into business or a business into successful venture and helps them to build confidence to take risk and taste the independence and self-realization.Various student entrepreneurship projects are entertained under the supervision and guidance of officials and experts in the field. A student or a group of students may submit proposal to open a entrepreneurship venture within University. For getting any information related to cultural, sports & other clubs or students Organisations, students are free to walk in to the Division of Students Affairs, Block 13 Room no. 201 or may give a call at 01824-510311. Residential Services The Social life in hostels constitutes an important part of the learning experience on campus. The Hostel is the centre of academic, social, cultural and medical activities.Hostel life provides students with opportunities to interact with e ach other in harmonious environment which develops respect, cooperation and sense of responsibility. The hostel environment can also help students to discover their talents, increase their emotional maturity, and acquire social skills. All residents of student hostels are members of the hostel community and should actively participate in hostel functions and help to promote an ideal environment. The University provides residential services that has semblance with the peace and comfort of the home. Apart from the basic facilities, University hostels provide: ? available for students. ? Warden. ? Internet connectivity through Wi-Fi system is available free of cost. Common Study Rooms are available in various hostels blocks.Cloak Rooms are available in various hostel blocks. Proper security checks at each hostel for the safety. Online leave process & when student check out a massage will forwarded to parents contact number. Bank & ATM facility (In campus and hostels) for money transact ion is available in Campus. When the Sweepers are cleaning the room you must supervise the cleaning. You can also hand over the keys to the warden for getting it cleaned in case you have a class. Use of electric items like heater, irons, audio players, tea maker and coffee makers etc. are not allowed. 150 units of electricity are free of cost, the unit exceeding 150 are charged, as per actual.The resident shall not remove any fittings from any other room and get them fitted in his/ her room. All resident are required to carry their valid identity cards issued to them by the University. ? ? ? ? ? ? ? ? ? ? RULES: ? Laundry facility with most modern machines is Avoid quarrel or Altercation with the hostel staff. Necessary complaints can be lodged with the Hostel Student Committees The hostel committees are formed to safeguard the best interests of the hostel residents. It is an attempt to enable student's participation in University affairs. Division of Hostels in order to maintain pr oper functioning of all of its elements has carved the concept of various Committees each looking at separate issues. It promotes a dual function.On one hand it smoothens the functioning of the hostels while on the other hand it ensures active participation of the students as the authority is delegated to them. There are different committees that are functional in the hostels and hence ensure better functioning of the entire machinery. The various committees are: ? Aim of Hostel Student Committee : The aims of forming Hostel Student Committees are: ? To uphold democratic and egalitarian values and strive towards intellectual excellence. To Involve Students in University affairs. To promote Esprit-de-Corps. To help students discover their hidden skills. To train students in organizing and management of events.To inculcate leadership qualities. Help the management in helping the students. To ensure that the facilities given by the management reach the students. To inculcate the sense of self discipline. ? ? ? ? ? ? ? Activities Conduct team: This team will consist of at least one representative for each of the following areas of activities ? ? ? ? ? Academic/ co-curricular Cultural Activities Sports Activities Literary Activities RMS: Iin case you have complaints regarding maintenance of furniture, fixture, cleaning, carpentry, plumbing, electricity, any type of complaint regarding hostel problem etc. the same can be entered online from your laptop and put up to RMS.In case you face any problem during your stay in hostel you can contact Office of the Division of Residential Services, Block – 27 Room No. -202, at 01824- 500888 (0800 hrs – 2000 hrs). ? ? ? ? ? Local Engagement and Entrepreneurship Designing, Decoration and Maintenance Team Marketing, Sponsorship and Publicity Team Discipline, Safety, Security and Medical Team Content Development and Database Management Team Hospitality and Mess management Team ? List of Warden Staff of Boys Hostels H OSTELS BH-1 A B C BH – 2 A B BH-3 A B C BH – 4 A C, D & E BH – 5 A B C BH-6A B Staff Resident OFFICE LOCATION 43 43 43 43 43 46 46 46 47 47 51 51 51 52 52 D1D2D3 DESIGNATION Dy Warden (Offg W) Warden Asst. Warden Warden Warden Warden Warden Dy. Warden Warden Warden Dy.Warden (Offg W) Dy Warden (Offg W) Dy Warden (Offg W) Warden Warden Warden E-Mail bh1. [email  protected] co. in bh1. [email  protected] co. in bh1. [email  protected] co. in bh2. [email  protected] co. in bh2. [email  protected] co. in bh3. [email  protected] co. in bh3. [email  protected] co. in bh3. [email  protected] co. in bh4. [email  protected] co. in bh4. [email  protected] co. in bh5. [email  protected] co. in bh5. [email  protected] co. in bh5. [email  protected] co. in bh6. [email  protected] co. in bh6. [email  protected] co. in staff. [email  protected] co. in CONTACT PERSON Amit Kumar Gaurav Manjinder Pal Suresh Kumar UP Sharma B. S. Rana Chamkaur Singh Chamkaur Singh Gurpreet Singh Ashok Kr Sharma Tarwinder Singh Davinder Prashar Davinder Prashar Shiv Kumar Gurwinder Singh Rounak Singh Munjinder Pal Singh CONTACT NO. 878426860 9780005942 7508182896 9876015107 9780036433 9780036434 9780036434 8054540426 9915020440 9915710553 9915020442 9915020442 970036529 9501110436 9915020436 9780005942 List of Warden Staff of Girls Hostels New Hostel GH-1 GH-2 GH-3 GH-4 GH-5, A GH-6A GH-6B OFFICE LOCATION 9 10 11 12 21 21 21 DESIGNATION Sr. Warden Sr. Warden Warden Warden Warden Warden Warden gh6. [email  protected] co. in gh6. [email  protected] co. in E-Mail [email  protected] co. in [email  protected] co. in [email  protected] co. in gh5. [email  protected] co. in CONTACT PERSON J. KNarang J. KNarang Gauri Thakur Usha Batra Reenu Sharma Reenu Sharma Reenu Sharma CONTACT NO. 9876644335 9876644335 9915020444 9915020443 9876740090 9876740090 9876740090Safety & Security Safety and Security Our students are very important and esteemed members of the University. Hence, we are committed to ensure their safety and security during their stay in the campus. To provide students with a safe and secure environment within the Campus, the Division of Security and Safety ensures that:? No student is permitted to use Alcohol, Drugs and Smoke within the University. ? Ragging free environment in the campus. ? Extensive Security Patrolling is carried across the campus by day and night. ? The entire campus is covered by CCTV Electronic surveillance. ? Special and Separate security is provided for Boys and Girls Hostels. A competent Fire staff and Fire Safety measurements are enforced. Security Advice to the Students There are certain measures/ precautions which every student needs to take to ensure that his/ her belongings are safe and there is no loss of property and information. The University cautions students to:? information like ATM pin numbers, Bank Account numbers, laptops passwords, cell phone data, RMS account etc. to anyone. ? While using social networking sites, do not disclose any significant information to others. Do not misuse information on the internet. Report any unscrupulous phone calls/ messages from unknown numbers to the Security Office immediately.Wear your UID cards when inside the campus. Lock your hostel rooms and keep all the valuable material like laptop, mobiles and wallets in their personal cupboards duly locked. Do not keep any cash in the rooms and instead avail the Banking/ ATM facility. Do not keep any gold ornaments and other valuables in the hostel rooms. Do not to lend valuable items like Laptops, mobiles etc. to any friend or strangers. Do not disclose your important personal ? ? ? ? ? ? ? Hostel Security Issues The students are advised to first approach their Hostel Warden Staff for any assistance. If the problem still persists, then he/ she should contact the nearest Security Office.The Campus Security Issues The students are advised to first approach their Academic Block AO for assistance. If the problem still persists, then he/she should contact the Main Security Office. All complaints will have to be given in writing to the Security Office. Students Entry and Exit from the University For better management of discipline and traffic within the University, Students Entry/Exit will be controlled from Main Gates 1 A, 1 B and 1 D only. Main Security Numbers: Security Office Gate 1 A Gate 1 B Gate 1 D Reception Gate 1 A Fire Safety Office 01824-500857 01824-501211 01824-510100 01824-501212 01824-510109 01824-510312 IMPORTANT SECURITY OFFICIALS Sr.SO Security Sector -1 DSO ASO SO Security Sector – 2 ASO ASO ASO 98784-26874 97800-36409 97800-36406 97800-36458 75081-83817 97800-36430 97800-05947 CSO CSO 97800-05945 Security Sector – 3 & 4 Sr. SO DSO ASO ASO 98766-44331 97800-36402 97800-36426 97800-36423 Health Services Campus Hospital Round-the-clock access to comprehensive primary health care services is available within the campus. T he University Hospital is: ? Run and managed under the guidance of qualified and experienced doctors. ? Supported by multidisciplinary staff comprising of resident medical officers (RMOs), specialists, physician assistants, medical lab technologists, nurses, dietician, psychologists, physical therapists, health educators, and administrative and technical personnel. ? Backed by a modern diagnostic centre ?Fully-equipped with dedicated ambulances to facilitate swift medical service in case of any emergency. Services Provided ? 24 hour Chemist Shop (24x7x365) ? Medical Consultation and Day Care Admission ? Medical Lab Investigations (Blood, Urine, etc. ) ? Oxygen & Nebulization ? Free ambulance service for shifting emergencies within or outside the campus ? Clinical laboratory for various investigations Facilities available ? General Medicine ? General Surgery ? Eye Consultation and Eye Testing ? Dental Consultation and Procedures ? Gynae Consultation ? ENT Consultation ? Ayurvedic Con sultation ? Psychological Consultation Physiotherapy Clinic ?The Physiotherapy clinic at LPU campus offers effective rehabilitative treatment to the patients, from within and outside the University, by specialized physiotherapists in 12-bedded OPD. This clinic is fully equipped with latest high quality electro diagnostic and electrotherapeutic modalities made for the treatment for common problems like: ? ? ? ? ? ? ? Arthritis Back Pain Knee Pain Slipped Disk Cervical and Lumbar Spondylitis Sports Injuries and many more Counselling and Psychological Support System (CAPSS) Health Services In case of any emergency during college hours a student can approach Administrative officer of his/ her school for medical assistance.In case a student is in hostel and requires medical assistance the warden can be approached. For availing ambulance facility a student can call 01824-501227 or 01824-501223. Alternatively, Resident Medical Officers (RMO) can also be contacted at: RMO I RMO II RMO III R MO IV RMO V 9878426880 9780036450 9780036429 9876015109 9872027634 The University offers CONFIDENTIAL and FREE professional counselling and psychological support to our students. Counselling/ Psychological support is kind a professional relationship between a trained/ well qualified Psychologist and a client, in which special assistance is provided to the client to deal with their behavioural concerns/ issues/ conflicts/ problems.CAPSS is focusing on timely help to the students to ease their psychological distress. By utilizing our services, students can learn to manage their personal problems and situational crises effectively, and can learn strategies to cope with academic stress and develop self-awareness, personal responsibility and skills for lifelong learning. Certain signs to watch out for, where you may need CAPSS Services ? ? ? ? ? ? ? ? ? ? ? Feeling homesick. Not able to manage with your work load and time. Feeling lonely and sad. Experiencing problems in relationships. U nprovoked anger and hostility. Feelings of inferiority. Feeling helpless or hopeless. Despite best efforts unable to adjust. Feeling stressed up most of the time.Deterioration in quality of work. Often feels shy and self-conscious. ? ? ? ? ? ? ? ? Feeling no sense of belonging. Thoughts about harming your own self or others. Feeling lack of concentration and confidence. Excessive fatigue and sleep disturbances. Experiencing constant anxiety, irritability or tearfulness. Lack of communication skills. Don't have any life goals or aims. Lack of self-control etc It is normal if you ever face any of the above mentioned signs. We all go through such phases in our lives when we feel that we are not equipped enough to help ourselves on our own. In such cases â€Å"IT IS WORTH TO SEEK HELP . † SERVICES OFFERED ? ? ?Individual counselling: It is one where one to one interaction is held between you and a psychologist; you get an opportunity to express out your concerns freely and to dis cover ways to implement positive solutions. Group counselling: It is one where a common concern of more than one student is taken care of for their better performances. Psychological Testing: It helps you to assess your aptitude, interest, I. Q. levels and other behavioural traits which can be put to optimum use of decision making for better future concerns. ? ? ? Consultation with CAPSS to get advice about how to handle minor conflicts with others related to hostels or classes and for getting someone to CAPSS.Psychiatric/Clinical helps at times when medications are helpful in treatment of psychological distress. Services of a Psychiatrist are provided to evaluate the need for medication. Workshops As per the demand of students CAPSS also provide workshops and training on timely psycho-educational topics. CAPSS services are opened from 9 AM to 8 PM in Campus Hospital Campus Hospital Location, Block 8. Apart from hospitals within the campus, the other hospitals in Jalandhar are Guru Nanak Mission Hospital, Patel hospital (backside hotel Skylark), Satyam hospital, kidney hospital, Tagore hospital, NMR scanning care, Mann scanning care, BS Diagnostic lab (near APJ School), Vikram Sood for skin.In Phagwara some good hospitals are Gandhi hospital, Civil hospital. We strongly encourage our residential students to refer the campus hospital first instead of going to hospitals outside. The details of the RMO's, timings of the specialists and their contact numbers are given on the UMS under the tab â€Å"Campus Hospital†. STUDENT Uni-Center Student Uni-Center (a Shopping Mall) is of 20 sq feet in area with 7 stories/floors, where one can shop all his/her daily needs under one roof itself. Student Uni-Center is a shopping mall within the university campus that is blending in a modern, cutting edge shopping experience with the irresistible charm for the brands and services it offers.The Student Uni-Center basically provides various facilities under one roof. It has Lovely Wannabuy, an undertaking of a Lovely Corporations and various other brands hood under various heads. Level wise briefing of the Student Uni-Center Lovely Wannabuy have following sections under it which will make you shop anything or everything under one roof. Following are the sections: Other Facilities: Recharge Facility and ticket bookings: It includes mobile recharges and air/bus/railway reservations. Flexi- Payment Facility: You can pay either by Cash or Swapping Credit/Debit Cards of any Bank. Banking Facility: State Bank of Patiala and Bank of India are operational in the Mall itself.ATM Facilities: There are a number of ATM outlets of different Banks, SBP Bank Of India, Orient , Bank of Commerce. Visum This particular section is related to ocular where you can find frames, shades, lenses and for each category huge variety is available. This section deals in Mobiles, their sale/ purchase only. This section of Unicentre is dealing in providing fast moving consumer goods that will cater your daily needs like food items, non-food items, and beverages. Sports items under Mascot section and Stationary items like pen, markers, notebook, diaries, variety of colors etc. under offprint This covers Women Cosmetics. WigiTech NextDoor Level 1 Level 2Lovely Wannabuy Shops related to Mobiles (sale/ purchase repair), Accessories, Banks (Bank of India, State Bank of Patiala) and Handloom Shops related to Apparels (Men/ Women) Fitness Center In future we are planning to open a food court MassCott and Offprint Cultus Level 3 Level 4 Level 5 & 6 RoostCentre This deals in the furnishing items like bed sheets, pillow covers etc. Household Items It includes crockery, dinner sets, different types of mugs and utensils. Support Services Eating & Shopping Banks Post Office A full-fledged post office has been opened at the University campus by the postal department of Govt. of India to cater to all relevant needs of students and staff like Mail , Parcel , Speed post , Mone y transfer , Banking Services etc. LPU houses a Campus Cafe and a number of other eating joints offering delicious food and superior services.Other facilities available in the Campus are Parlour/ Salons (separate for boys and girls), Boutique, Sports goods shops, Shoes shops, Computer cafe, Book stores, Stationery cum tuck shops, Photoshop and printer service, Laptop, mobile and other accessories shops etc. The University offers extensive banking services within the campus premises. There are fully functional branches of following banks in the University Campus: Name of Bank State Bank of Patiala Punjab National Bank Oriental Bank of Commerce Bank of India Location Block 15 Block 4 Block 2 Block 15 Timings 10 AM 4 PM 10 AM 4 PM 9:45 AM4:45 PM Ph. No. 97795-86338 01824-241315 01824-502360 10:00AM01824-240840 4:00 PMA Student requires the following to open a bank account: ? Account Application stamped by HoD/A. O/Warden. ? Two Passport size current photographs ? Campus Identity Card ? Any one Identity Proof like License, Ration Card, Voter Card etc. Eating & Shopping Joints in Campus Canteens Campus Cafe-Block-2 GH-1 Hostel Shopping Complex GH-3 Hostel Shopping Complex Block-26 Terrace Block -27/28 Terrace Block -28/29 Terrace Food Court cum staff dining Hall(Block-32 Level-1) GH-5 Hostel Shopping Complex BH-1 D3 Level-2 Food Court Ice-Cream Block 1 Campus Cafe-Block-2 Block 2 Parking Architecture Block Polytechnic Block Central Point LPU Near Block 28 Food Court Level-1 Block-32 LPUBetween Block-32/33 Near GH-5 Near LSB Near LIE BH-1 D3 Food Court BH-2 Near BH-2 Book Shop Near Campus Cafe (Block-2) Photocopier LIM LIT Basement Architecture Building at level-4 New Architecture Building Polytechnic Block-6, Room No. 206 GH-1 Hostel Shopping Complex Media-Block-14 Block-16 at level-1 Block-26 at level-2 Block-27 at level-2 Block-28 & 29 at level-1 Block-30 (CAD level-1 & 3) Food Kiosks Block 1 Block 2 Parking Near Campus Hospital Central Point Between Block-26/27 Block-28/29 Near Block-33 Block 14 LIE BH-2 Stationary-Cum-Tuck GH-1, Hostel Shopping Complex LSB block-20 LPU Block-26 LPU Block 28 LPU Block 33 LPU Block-34 GH-5 Hostel Shopping ComplexBlock-33 at level-1 Block-34 at level-1 GH-5 Hostel Shopping Complex LSB3 at level-2 LIE at level-1 BH-1 (C) near Warden Office BH-2 (A) near Mess BH-4 (C) near Entrance BH-5 near Wardens Office Fruits/Juice Shop Block 2 Parking Central Point Block-26/27 BH-2 Eating & Shopping Joints in Campus Computer Cafe GH-1 Hostel Shopping Complex LPU-28 GH-5/6 Mobile, Service and Accessories LIT Parking Central Point BH-2 Super Store Near Campus Cafe (Block-2) Laundry Collection and Delivery Counters BH-1 D3 Laundry BH-2 (A) GH-1 Hostel Shopping Complex GH-3 Hostel Shopping Complex GH-5 Hostel Shopping Complex Parlour/ Saloon GH-1 Hostel Shopping Complex GH-5 Hostel Shopping Complex Boys saloon (BH-1 A Block) BH-2 (A) near Mess Boutique Boutique (GH-1 Hostel Shopping Complex) Garments/Uniform/ShoesReady made G arments (Beside Auditorium) Above Super Store Tracer's Show Room (Near Architecture Building) Bank /ATM Near Campus Cafe LIT LIT level-2 GH-1 Hostel Shopping Complex LPU Shopping Mall LPU shopping Mall (Block-15) (Shop No. 208-209) Block-31/32 LPU Blocks, BH, LSB, GH & LIT parking GH-5 Hostel Shopping Complex BH-1 BH-2 News Papers Between Block-26/27 Near LSB Courier/Speed Post Services Near Campus Cafe Block-27 at level-1 How to Reach us? Once you decide to get here, you'll find that Jalandhar is extremely accessible from just about any destination. It is easily accessible by road as well as rail; well connected with Delhi and Amritsar, both cities being equipped with International airports.Main trains from Delhi to Jalandhar are Shatabdi, Jammu Tawi Express, and Rajdhani etc. 0 km from Chaheru Railway Station 3 km from Municipal limits of Jalandhar City 5 km from Phagwara 7 km from Phagwara Railway Station 7 km from Jalandhar Cantt Railway Station 15 km from Jalandhar City Railway Station 41 km from Hoshiarpur 45 km from Ludhiana City 80 km from Amritsar City 112 km from Pathankot 130 km from Chandigarh 219 km from Jammu 350 km from Delhi KAPURTHALA NAKODAR AMRITSAR JALANDHAR BAIN BRIDGE VILL MEHARU LOVELY PROFESSIONAL UNIVERSITY G. T. ROAD JAMMU PATHANKOT HOSIARPUR CHAHERU RAILWAY STATION CHAHERU RAILWAY BRIDGE NATIONAL AIRPORTSSahnewal Airport, Ludhiana Chandigarh Airport, Chandigarh VILL HARDASPUR PHAGWARA NURMAHAL BANGA NAWANSHAHR CHANDIGARH INTERNATIONAL AIRPORTS Raja Sansi International Airport, Amritsar Indra Gandhi International Airport, Delhi GORAYA TEMPERATURE The temperature in the District has the flavours of both summers and winters. Being a resident of Jalandhar ,a student can enjoy the variation in weathers Month March – July August- October November- February Max Temperature 44 degree Celsius Moderate 13 degree Celsius Necessities Umbrellas, Cotton Clothes Umbrellas, raincoats, cotton clothes etc. Woollens, Warmers, Socks and Shoes PHI LLAUR LUDHIANA G. T. ROAD AMBALA DELHI (Not to Scale)Jalandhar LPU About Jalandhar Jalandhar is a city in Jalandhar District in the state of Punjab, India. It is located 144 km northwest of the state capital, Chandigarh. It was known as Prasthala at the time of the Mahabharta and as Jullundur in British times. Jalandhar is another name of Lord Shiva. Jalandhar city is famous for international sports market, surgical goods and leather tool pouches. About Phagwara Phagwara is a city and a municipal council in Kapurthala district in North India, in the central part of the Punjab. The city is internationally recognized because a large amount of NRI (Non-resident Indian) population belongs to this city.Phagwara is the main industrial centre in the Kapurthala District because of its good location on the national highway. This city has many different types of manufacturing industries, the main ones being textiles, auto components, machine tools and agricultural implements as well as agricu lture services. About Amritsar Amritsar historically also known as R md spur and colloquially as Ambarsar) is a city in the north-western part of India. It is the spiritual center for the Sikh religion and the administrative headquarters of the Amritsar district in the state of Punjab. It is home to the Harmandir Sahib (referred to as the â€Å"Golden Temple† in the western media), the spiritual and cultural center for the Sikh religion.This important Sikh shrine attracts more visitors than the TajMahal with more than 1, 00,000 visitors on week days alone and is the most popular destination for Non-resident Indians (NRI) in the whole of India. The city also houses the Sikh temporal and political authority, Akal Takht, as well as the Sikh Parliament. The main commercial activities include tourism, carpets and fabrics, farm products, handicrafts, service trades, and light engineering. The city is known for its rich cuisine and culture and for the tragic incident of Jallianwala Bagh Massacre in 1919 under British Rule. Amritsar is home to Central Khalsa Orphanage, which was once a home to Shaheed Udham Singh, a prominent figure in the Indian independence movement.Sri Guru Ram Dass Jee International Airport, has more than 100 domestic and international flights during the week with daily connections to Delhi, Chandigarh, and Jammu in India and international flights to London Heathrow, Doha, Ashgabat, Tashkent, and Toronto. The city is also close to Lahore Airport on the Pakistani side of the border, but has no direct flights to Lahore. About Ludhiana Ludhiana (also Ludhyana) is a city and a municipal corporation in Ludhiana district in the Indian state of Punjab. It is the largest city in the state, with an estimated population of 1,613,878 in 2011. The population increases substantially during the crop harvesting season due to migration of laborers from states like Eastern Uttar Pradesh, Bihar, Orissa and Delhi. It has an area of about 310 km?. The city sta nds on the Sutlej River's old bank, 13 km south of its present course.It is a major industrial center of northern India. Ludhiana is a well-known NRI district of Punjab with a large population living abroad in Canada, and the U. S. Ludhiana is famous for Industrial goods, Machine parts, Auto Parts, house hold appliances, hosiery and garments. Ludhiana is Asia's largest hub for Bicycle manufacturing and produces more than 50% of India's bicycle consumption of more than 10 million per annum. Ludhiana also produces 60% of India's Tractor parts and a large portion of Auto and two-wheeler parts. Many parts used in German cars like BMW and Mercedes are exclusively produced in Ludhiana to satisfy the whole world requirement.It is one of the largest manufacturers of Sewing Machines. Hand tools and precision industrial equipment is another specialty. In the Hosiery industry Ludhiana is famous all over India for its Woolen sweaters and cotton t-shirts. In fact most of the top Indian woolen br ands like Monte Carlo are based in Ludhiana Academic Calendar for session 2012-2013 (For all Full Time Programmes except B Pharmacy and Programmes offered in LFAD ,Education and Physical Education ) AUTUMN TERM (Term I) Two week pre-term for freshmen of MBA(Honours) Induction of Freshmen and start of classes Evaluation of Summer Training for continuing Engineering students (wherever such training is applicable ) e. g.Batch 2009 – B Tech, B Tech-M Tech and B Tech-MBA ) Evaluation of Summer Training for continuing students of the Discipline of Management (wherever such training is applicable; including Commerce and Economics; and also students of programmes integrated with MBA e. g. B Tech. -MBA, B Pharm. -MBA etc. ) Commencement of classes for all continuing students Registration for backlog courses Commencement of Classes of freshmen of M. Phil. and Ph. D. programmes Last date for applying for reappear examination for immediate previous even term courses* Announcement of reap pear exam schedule for immediate previous even term courses Mid Term Examination (MTE) Resumption of Classes after MTE Bhartiya Vigyan Sammelan and Expo Inter School Cultural Festival Term Break for students Completion of Advance Registration for Elective courses (dept. electives, spl.Electives, OE & SSE) for Spring Term (Term II) of session 2012-13 Last day of classes End Term Examination ( ETE ) Winter Vacation for students Scrutiny of answer books (Term I 2012-13) by students Commencement of Classes of Term II of Session 2012-13 2012-13 W-Tu , 25 July-Aug 07,2012 M-M ,30th July-13th Aug,2012 M-W, Aug 06-08, 2012 M-W, Aug 06-08, 2012 Th, Aug 09, 2012 F-Sa, Aug 10-18, 2012 M, Aug 13, 2012 Sa, Aug 18, 2012 Tu, Aug 28, 2012 M-Tu, Oct 01-09, 2012 W, Oct 10 ,2012 Th-Su,Oct 11-14,2012 Sa-Su, Oct 20-21, 2012 M-W, Nov 12-14, 2012 Sa , Nov 10, 2012 Tu, Nov 27, 2012 Th-Sa, Nov 29 – Dec 22, 2012 M-Th, Dec 24 – Jan 03, 2013 F-Sa, Jan 04-5, 2013 M, Jan 07, 2013 Immediate previous even term courses would mean: For a 2006 batch (who took admission in 2006) student it would mean courses of term 12 Fo