Industrial sickness. Industrial Sickness : A Social Failure, Impact And Remedies 2022-10-15
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William Wordsworth was a major English Romantic poet who, along with Samuel Taylor Coleridge, helped to launch the Romantic Age in English literature with the publication of their joint poetry collection, Lyrical Ballads. Wordsworth is perhaps best known for his long poems, such as "The Prelude," which chronicle his spiritual and intellectual journey, but he also wrote a number of shorter poems that are notable for their beauty, simplicity, and emotional power. In this essay, we will explore some of the best short poems of William Wordsworth.
One of Wordsworth's most famous short poems is "I Wandered Lonely as a Cloud," also known as "The Daffodils." This poem describes the poet's joyful experience of seeing a field of daffodils waving in the breeze, and how the memory of that scene brings him happiness in times of loneliness and melancholy. The poem is characterized by its use of simple, straightforward language and its focus on the natural world as a source of beauty and inspiration.
Another memorable short poem by Wordsworth is "Composed Upon Westminster Bridge, September 3, 1802." This poem celebrates the beauty of London, seen from Westminster Bridge at dawn, and reflects on the power of human imagination and art to transform the city into something more than just a collection of buildings and streets. The poem is notable for its use of sensory imagery and its evocative description of the city as a "mighty heart" that "beats" with the energy of its inhabitants.
"The Solitary Reaper" is another of Wordsworth's best-known short poems. It tells the story of the poet encountering a young woman who is singing a "melancholy" song while she reaps grain in a field. The poem is notable for its use of personification, as the poet attributes emotions and thoughts to the woman and her song, and for its exploration of the theme of isolation and the human need for connection.
"To a Butterfly" is a shorter poem that reflects on the fleeting nature of life and the beauty of the natural world. In the poem, the poet compares a butterfly to a "joyful wanderer" and reflects on the way in which it "flutters" through the air, enjoying its freedom and beauty. The poem is characterized by its use of metaphor and its emphasis on the importance of cherishing the present moment.
Finally, "The Prelude" is a long, autobiographical poem that is considered one of Wordsworth's greatest works. While it is not a short poem, it is notable for its exploration of the poet's spiritual and intellectual journey and for its use of nature imagery to convey the beauty and significance of the natural world. The poem is characterized by its use of vivid, evocative language and its focus on the relationship between the individual and the larger world.
In conclusion, William Wordsworth was a master of the short poem, able to convey deep emotions and insights with a few simple words. His poems continue to be celebrated for their beauty, simplicity, and emotional power, and remain an enduring testament to the enduring appeal of the Romantic movement in literature.
Features of Industrial Sickness
The problem of industrial sickness is nothing peculiar to our economy or any developing country. Implementation: Due to delays in getting licenses and sanctions etc. A concerning gap in India has been the credit supply shortage to MSMEs. The dynamic economic factors and the external influence greatly affect the economic sustainability of the industry, and hence, they are responsible for sickness in an industry. In that regard, this paper aims to analyse the presence of industrial sickness by reviewing the revival policy measures of the Fertilizer Corporation of India Limited FCIL , particularly the Ramagundam unit. Heavy borrowings, high interest charges iv.
What is Industrial Sickness? definition, symptoms, causes and sick company
Low quality technical incompetence iv. Financial Causes: i Selection of inappropriate financial structure, ii Lack of sound financial planning, iii Lack of sound financial control, iv Poor management of working capital, v Failure to control overheads, vi Failure to control the waste of materials and manpower, vii Improper control on assets, viii Deficient dividend policy, ix High cost of borrowed funds. It may be caused due to insufficient funds involving uneconomical and unproductive working capital management, improper utilizationor diversion of funds, weak equity base, exclusion of planning and budgeting, deficient use of assets and use of inappropriate costing and pricing methods. Scarce Resource are Wasted: In an under developed, country like India, there is a lot of scarcity of resources and if these resources are locked up in sick units, it becomes a wastage of scarce resource which if in case invested at a right unit would have yielded substantial returns to the economy. In conformity with these processes of industrial sickness, Gupta 1983 investigating into the typical path to the present cash loss situation of sick units also reported that in the early stages i. Wastage of resources 3.
Lack of Financial Planning 10. This is reflected in lack of demand for industrial products in general. But in developing countries, like India, one cannot afford to do so as it will lead to substantial block of national capital to go waste and create unemployment of those already employed, when additional employment is a crying need of the hour. Industrial sickness usually refers to a situation when an industrial firm performs poorly, incurs losses for several years and often defaults in its debt repayment obligations. Poor maintenance of plant and machinery, lack of quality control system, absence of inventory management, lack of cost control, and non-replacement of obsolete machinery are some examples of mismanagement. Age — Younger people who start a business have a greater chance of failure than older people do. In India, majority of sick units are small units.
Defective pricing policy 5. ABSTRACT Industrial sickness is serious problems which affects all types of business units like small, medium and large scale companies in both public and private sectors. Decline in technical deficiency 7. This mostly happens in private industries. Few of the small scale units who use imported raw materials face a problem of raw material with more severity due to difficulty, in obtaining raw materials, may it be either due to foreign exchange crises or some other reasons.
Industrial Sickness: Process, Signals and Symptoms (Explained With Diagram)
. Frequent Industrial Strikes and Labour Unrest 8. Economic Timing — Businesses that start during a recession have a greater chance of failure than businesses that start during prosperity. Industrial sickness does not result in one day. Dependence on limited number of products 3. First, the sickness prone units, in order to present a better and sound image, do a lot of window dressing.
The major sufferers of industrial sickness are workers working in sick units. At the same time, the government policies also provided an ample scope and temptation for frauds and mismanagement. This study reviews the various articles on industrial sickness and its impact on various business organizations. The recovery of the overdue takes an unduly long period of time and in many cases only a small portion of the overdue amount is finally recovered. Objective — The growth and magnitude of industrial sickness is a dangerous issue, not only for the present situation but also for the near future. Choice of faulty location is one such mistake. Industrial sickness usually refers to a situation when an industrial firm performs poorly, incurs losses for several years and often defaults in its debt repayment obligations.
Banks and other financial institutions which have provided credit to sick industrial units suffer considerable financial losses on account of closure of such units. This is confirmed by figures given in the following Table 34. The Indore Malwa United Mills Ltd. Term Lending Institutions : If the term lending institutions take the following steps, sickness can be prevented: i. Selecting the supplier of the machinery with care ii. In the presence of the resource crunch, the industrial sickness becomes all the more an alarming problem. Non-availability of irregular supply of critical raw materials or other inputs 2.
Industrial Sickness: Meaning, Incidence, Nature and Factors Causing It
The various symptoms ultimately reflect on plant performance, capacity utilization, financial ratios, share market price and practices in the diverse areas of finance, production, marketing and labour relations in the industry. Causes of Industrial Sickness — In Small Scale Industries The sickness in small scale industry is the ultimate result of many causes that effects simultaneously. Also, instead of taking financial help from the fellow organizations, one should first look towards bankers and government regulated bodies as they would be running various schemes which would help to repay the debts easily. Such approach is better than positive measures for the revival of a sick unit through turnaround package or corporate restructuring. As these small units have weak economic front, they have to manage within their best available merge means. Paying adequate attention to the deficiencies in the unit iv.
Over years, the growing menace of industrial sickness not only assumed a cancerous form but also endangered the financial institutions, which had extended loans to them. Omkar Goswami, was submitted in July 1993. ADVERTISEMENTS: Let us make in-depth study of the meaning, incidence, nature, factors causing of industrial sickness. Other Causes: i Selection of inefficient manpower, ii Failure in controlling industrial unrest, in discipline, strike and lock-out, etc. It will be seen from Table 38. India being a capital deficient economy can encounter adverse effects, if an industrial unit is shut down due to sickness as all the resources invested in that unit will be wanted. Improper finance is the biggest factor for the industries to fall sick.