Rupee Depreciation: Challenges for Indian logistics Sector

Rupee Depreciation: Challenges for Indian logistics Sector Abhinav Goyal Article Rupee depreciation creates challenges for Indian logistics sector Depreciation of  Indian Rupee  against the  US Dollar  has created a challenging environment for the  Indian logistics sector, owing to the increased costs of operation for both international shipping companies  and the  domestic transportation companies, and increased costs of services for end users (manufacturing and distribution companies) within the country. The challenges for logistics end users are primarily in case of international  shipments  since  importers  and exporters  need to pay the shipping charges in US Dollars and hence, additional amount has to be paid for the same shipments, making  international trade  less profitable for the companies. On the export front, Indian exporters will be viewed as the most price competitive , however, they will be faced with high freight costs, subsequently hitting their profit margins. Owing to the risk of losing international customers to competing exporters from other international markets, Indian exporters may be forced absorb the increase in freight charges and work with lower margins. In the event of failure or capability to absorb such additional freight costs, the exporters and importers may avoid/abstain from international trade. This could lead to an overall decline in the international trade volumes from India that would prove to be challenging for the shipping and freight forwarding companies. Especially for the shipping companies focused on Indian industries, a decline in international trade volumes from the country would result in idle capacity or shipments with not-fully loaded ships, resulting in lower revenues as well as higher operational costs per customer consignment. On the domestic front, Rupee Depreciation against US Dollar would lead to increase in fuel costs (already increased once within last 2 weeks), thus resulting in higher operational costs for cargo transporters, which would invariably be passed by them to the end users. In this case end users are on the losing side due to the impact of depreciation. In cases where logistics service providers (LSPs) and users are bound in long term contracts with charge revisions permitted only once in a year or a half year, service providers have to absorb /bear the increased costs of operations and hence are likely to incur erosion in profits or even losses in some cases. LSPs with business interests in port terminals are likely to benefit to some extent, given that a significant share of shipping and port related services are charged in dollars, but that gains could also be negated by the decreased trade volumes. The sharp increase in the price of aviation turbine has already resulted in a proportional rise in airfare. Air freight services are premium logistics services and will now be even costlier owing the increased fuel cost. The impact is not only on LSPs and end users, but also on the end consumers of goods due to the cascading effect. In majority of the cases, however, the depreciating rupee largely affects end consumers of imported goods. The LSPs and end-users alike may choose to work on decreased margins for a short period of time with the intent to spare their customers from increased prices, however, this will not be sustainable in the long term. Eventually, the increase cost of logistics services will be passed down to the end consumer. On the whole, the depreciation of the Indian Rupee against the US Dollar will impact all the key stakeholders of the logistics sector in India. The primary impact of this will be borne by the LSPs, particularly the transporters and the freight forwarders, and the end-users. COMMENTARY The depreciation of indian rupee against US dollar has hard hit each sector of the economy .One such sector is Logistic sector where the cost of production has increased invariably and revenues have decreased .This article is the study of pathetic conditon of logistic service provider . In India road transport has occupied a pivotal position in all the transport system existing in India .The sector is growing at the rate of 10% per annum1. There are many factors attributed to the growth of logistic sector in India such as rapid growth of many sectors like FMCG , retail , pharnmaceuticals and automobiles and the change in taxation system by the governement .The sectors of aviation , mining and consumer goods are investing a huge amount of money in this sector . The market has more competiton now than before because of the concept of outsourcing and this has made positive impact on logistic sector in India. The Indian logistic sector is facing a number of problems today which includes infrastructure in India and it is the main hindrance in the development of this sector .Poor infrastructure includes bad road conditions , problems with railways , inland water transport , domestic aviation , lack of proper connectivity and incapable ports are posing challenges for this sector . The loopholes in infrastruture has made the cost per transaction veryu high for the logistic sector in India and this has caused several other problems such as low economy of scale , the companie can not hire skilled labours and the industries are widely fragmented . In india one of the major problem faced by this sector ins the scattered customer base . Recently this sector if posing the challenge of depreciation of rupee (the fall in the value of rupee in the market ) against dolar as it has not only made international shipping very costly but has made a bad impact on domestic transportation very costly .Depreciation has increased the cost per transaction . In case of international shipments the fall in the value of ruppe will increase the cost of freight which will reduce the profit margin as the exporters will be compelled to absorb the rise in price and thus they will be less interested in getting more contracts .Eventually the business will be hit hard business will be hit hard . Graph 1 shows the impact of depreciation on the international shipment The decline in trade volumes will result in will result in idle capacity which will cause low income for the sector and high cost of operations . In the country the depreciation will increase the cost of fuel and this will make the service costlirr for the customers who will be paying money in the end thus the business will become less lucrative for the owners .In some cases the companies work on contract basis and with the higher operational cost the companies may end up reaping loss only. The sector has hope of earning profit from ports if the volume of trade is high while if the volume will be lower the company will again end up getting loss only .A rise in the price of air turbines will cause a rise in the price of airfares which will subsequently lead to the rise in cost per transaction. All the above discussed reasons will cause a fall in aggregate demand of logistic services in the economy. Graph 2 shows that the AD will fall if the depreciation will continue thus leading to more loss for logistic companies . The government can play a key role in helping logistic sector in this time of great challenge .There are need of stringent measure for solving the problem of depreciation in the country .The government can also reduce the tax rates so as to make this service cheaper for the national and international consumers . 1. http://logisticsweek.com/column/2013/04/challenges-faced-in-logistics-sector-in-india/

The Change in Scrooge’s Character :: A Christmas Carol Charles Dickens Essays

The Change in Scrooge’s Character How does dickens show the change in scrooge’s character in ‘A Christmas Carol’, look closely at the language used and how this influences the reader In 1843 Charles dickens wrote ‘A Christmas Carol’ partly to make people aware of the terrible conditions of the children of the poor. In 1843 he visited the field lane ragged school and was appalled by what he saw there/ ragged schools catered for the very poorest, hungry children who roamed the streets, trying to teach them the basic skills of reading and writing. He had also been shocked by a parliamentary report by the children’s employment commission. Dickens was the most popular novelist of the day and he soon realized that far more people would take notice of the terrible conditions of the poor if he wrote about them in a story. ‘A Christmas carol’ was published on 17th December 1843 and by the 24th he had sold 6,000 copies. Dickens called it a most prodigious success., the greatest, I think, have ever achieved. ‘A Christmas carol’ is still widely read today and appears in many versions including illustrated re-telling of the story for young children. Hardly a Christmas goes by without a version of ‘A Christmas carol’ appearing on TV in one form or another. The name of the main character, scrooge, has come into general use in the English language meaning ‘a miserly or mean person’. In ‘A Christmas carol’ Dickens shows scrooge as an evil, nasty man by using a long list of adjectives, he’s described with this sentence â€Å"Oh! But he was a tight fisted hand at the grindstone, scrooge! A squeezing, wrenching, grasping, scraping, clutching, covetous old sinner! Hard and sharp as flint, from which no steel had ever struck out generous fire; secret, and self-contained, and as solitary as an oyster† Another way to show this is the way he talks to people, e.g. when his nephew invites him to his Christmas party but he turns him down and calls Christmas a ‘Humbug!’ and even worse, when 2 charity workers ask him for a donation for the poor children, he says send them to the work houses, if they would rather die they better do it, and decrease the surplus population. This shows how much of a cold hearted, covetous sinner he is. Dickens makes us feel like he’s an evil man, he’s selfish and says he’d rather the children die than donate his money to charity. When the ghost of Marley visited scrooge in the night, he was shocked, he first saw Marley’s face as the doorknob, then he was frightened further when the ghost of Marley opened the door from the outside when

High school Essay

In ancient India, schools were in the form of Gurukuls. Gurukuls were traditional Hindu residential schools of learning; typically the teacher’s house or a monastery. During the Mughal rule, Madrasahs were introduced in India to educate the children of Muslim parents. British records show that indigenous education was widespread in the 18th century, with a school for every temple, mosque or village in most regions of the country. The subjects taught included Reading, Writing, Arithmetic, Theology, Law, Astronomy, Metaphysics, Ethics, Medical Science and Religion. Under the British rule in India, Christian missionaries from England, USA and other countries established missionary and boarding schools throughout the country. Later as these schools gained in popularity, more were started and some gained prestige. These schools marked the beginning of modern schooling in India and the syllabus and calendar they followed became the benchmark for schools in modern India. Today most of the schools follow the missionary school model in terms of tutoring, subject / syllabus, governance etc.with minor changes. Schools in India range from schools with large campuses with thousands of students and hefty fees to schools where children are taught under a tree with a small / no campus and are totally free of cost. There are various boards of schools in India, namely Central Board for Secondary Education (CBSE), Council for the Indian School Certificate Examinations (CISCE), Madrasa Boards of various states, Matriculation Boards of various states, State Boards of various boards, Anglo Indian Board, and so on. The typical syllabus today includes Language(s), Mathematics, Science – Physics, Chemistry, Biology, Geography, History, General Knowledge, Information Technology / Computer Science etc.. Extra curricular activities include physical education / sports and cultural activities like music, choreography, painting, theater / drama etc.

Organizational Behavior Case Studies with Answers

What is Personality? The dynamic organization within the individual of those psychophysical systems that determine his unique adjustments to his environment. - Gordon Allport * The sum total of ways in which an individual reacts and interacts with others, the measurable traits a person exhibits * Measuring Personality * Helpful in hiring decisions * Most common method: self-reporting surveys * Observer-ratings surveys provide an independent assessment of personality – often better predictors Personality is often defined by characteristics such as outgoing or charming. However, psychologists define personality as the growth and development of a person’s whole psychological system. We study personality in†¦show more content†¦The Big Five Model of Personality Dimensions The Big Five Model of Personality Dimensions Copyright  © 2011 Pearson Education, Inc. publishing as Prentice Hall 5-0 How Do the Big Five Traits Predict Behavior? * Research has shown this to be a better framework. * Certain traits have been shown to strongly relate to higher job performance: * Highly conscientious people develop more job knowledge, exert greater effort, and have better performance. * Other Big Five Traits also have implications for work. * Emotional stability is related to job satisfaction. * Extroverts tend to be happier in their jobs and have good social skills. * Open people are more creative and can be good leaders. * Agreeable people are good in social settings. Other Personality Traits Relevant to OB * Core Self-Evaluation * The degree to which people like or dislike themselves * Positive self-evaluation leads to higher job performance * Machiavellianism * A pragmatic, emotionally distant power-player who believes that ends justify the means * High Machs are manipulative, win more often, and persuade more than they are persuaded. Flourish when: * Have direct interaction * Work with minimal rules and regulations * Emotions distract others * Narcissism * An arrogant, entitled, self-important person who needs excessive admiration * Less effective in their jobs More RelevantShow MoreRelatedMGT 312 Entire Course1103 Words   |  5 PagesMGT 312 Entire Course    MGT 312 Week 1 Knowledge Check Study Guide    MGT 312 WEEK 1 Organizational Behavior Paper       Write  a 700- to 1,050-word paper explaining the role and purpose of organizational behavior. 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