Money

Did you ever want something but couldn’t afford it? The short stories, “The Gift of the Magi” and “The Necklace”, deal with two women’s struggles to make someone else happy and how fulfilling your own wants can hurt you. The difference between these stories is how when push came to shove, the way the characters chose to spend their money.

These two interesting and ironic stories revolve around one main character. They both try to make their lives or someone else’s life better by using money. In “The Gift of the Magi”, the main character, Della desperately wants to buy a perfect gift for her husband. Unfortunately, she is poor and cannot afford to buy him a gift. This makes Della very unhappy. Finally, she decides to have her long, beautiful hair cut off for money. With the money, she buys a golden fob chain for her husband’s most prized possession, which is a pocket watch. The ironic thing in this story is that her husband sold the watch so that he would have money to buy her combs for her hair.

They both sacrificed themselves for gifts for each other. On the other hand, in “The Necklace”, the main character, a middle class woman named Madame Loisel is selfish, greedy, and an uncaring woman. Although she is beautiful, she only cares about money. In the story, she and her husband are invited to a party. She has her husband spend the 400 francs he has saved for a gun, on a dress she wants to wear to the ball.

She also wants something beautiful to go with her dress, so she borrows a gorgeous necklace from a friend. Madame Loisel was the hit of the party. At the end of the night, she discovered she had lost the necklace. Madame and her husband take out loans so that they could buy a replacement and spent the next ten years paying it off. Madame was forced to work, which made Madame Loisel’s looks deteriorate. Finally, at the end, we find out the necklace she lost was worthless. So, by reading these two stories, I found out how money can control and change people. Some people can use it for others and some for themselves. If you’re not careful, money can backfire in your face.

Jim and Della were a young married couple, like Mr. and Mme. Loisel, who were immature and foolish. They both lived in run down, shabby flats in big cities. The apartments were dark and dreary, which symbolized something bad might happen. These were both times of depression where there was very little money around, so there were many other couples like them. In the beginning, Della is counting her money and crying, which shows she was very poor. Mrs. Loisel often cried a lot, like Della. She cried about not having enough money and about the invitation her husband got for her. Both husbands had similar jobs, both which did not pay a lot. Jim was in love with his wife, and would do anything for her, as would Mr. Loisel.

Both couples were very thrifty when it came to money. Since they were poor, they were good at saving their money for items they needed, like groceries, and for special purposes. Both of these stories had themes, though the themes are very different from each other. Jim and Della taught us that it was better to give than to receive because even though the gifts were worthless, they still knew how much each gift meant; how much love was put into it, so love conquers all. With the Loisels, they showed us that honesty is the best policy. If they would have been honest and told Mme. Forestier they lost the necklace they probably would have just had to replace the necklace with a lot less money than what they had replaced it with.

In these stories, the main conflict is internal conflict (a.k.a.

Man vs. Himself). In these times of depression, only the strong at heart

could survive. In The Gift of the Magi Jim and Della had internal

conflicts when they were very low on money, and did not have enough to buy Christmas presents for each other. They overcame their problem by selling their most prized possessions to get enough money for the presents.

In The Necklace Mr. and Mrs. Loisel’s conflict was not that they wanted to buy something, but they had to. They had to replace a necklace they had lost with ten long years of anguish, sometimes not having enough money to buy groceries. Another analogy is that their endings are both very ironic. Jim and Della sold their most prized possessions to buy Christmas presents for each other. The ironic part was that their presents were for their most prized possessions, so the presents were useless. With the Loisels, they found out that the thirty-six thousand-Franc necklace was only worth about five hundred Francs, so the pain and anguish was for nothing. There were symbols in each of the stories, which represented something larger than itself.

The presents Jim and Della bought for each other symbolized love and sacrifice because they gave up their favorite thing for each other. In The Necklace, the necklace symbolized riches and wealth in the beginning because of the party Mrs. Loisel used it for. It was a higher social status than what she belonged to, but the necklace made her look like she belonged. At the end, it symbolized poverty and a wasted life because they spent all those years paying the debt of a stupid

necklace.

Unlike Della who loved and cared for Jim, Mme. Loisel was greedy, dishonest, and did not love her husband. She was a huge whiner who was always looking for attention, and often used people. Mr. Loisel was very different from his wife because he loved her very much, and gave her everything he could. They both had to make a big decision. Since Jim and Della were unselfish and gave their possessions away, they became much happier and more in love.

On the other hand, the Loisels chose to be

dishonest, and try not to get caught without the necklace. As a result it

caused them ten years of tribulation, and most likely tore them further apart. The diamond necklace Mme. Loisel borrowed was a symbol of many things at different times. In the beginning of the story, at the party,

she wore the necklace. It symbolized fame, riches, and wealth. Close to

the end of the story it symbolized poor decision making, greed, and failed dreams. When Mme. Loisel saw Mme.

Forestier after she had finally paid off the necklace, it showed how a better decision could have saved her all those years of grief. Both stories had very different themes. In The Gift of the Magi it dealt with love, giving, and sacrifice; a lesson well-taught. When they gave each other the presents, they both started laughing because they knew what each other had gone through to get the presents. Then in The Necklace the theme dealt with greed and selfishness. Again, if Mme. Loisel just would have told the truth, she would have lived an all-around better life.

Both stories showed you how two couples of similar lifestyles can still be totally different. The authors had great ways of showing how love conquers all and honesty is the best policy. Although the stories had totally different plots, they both showed that if you are loving and honest, you will live a better and happier life.

Overview of Merrill Lynch

Merrill Lynch & Co., Inc. is a holding company that provides securities brokerage, financing, investment, insurance, banking and advisory services, and related products in thirty seven countries throughout the world. It has 53,400 employees and 14,600 financial advisors that serve clients with assets of over $1.3 trillion (Gray, Cusatis and Woolridge, 2004). Merrill Lynch is comprised of three business segments: the Global Markets and Investment Banking (GMI), Private Banking and Merrill Lynch Investment Managers (MLIM). GMI provides investment banking and financing services to corporate and institutional clients and governments in t he United States and throughout the world. GMI activities include: underwriting, merger and acquisition advisory services, investment banking, trading and corporate lending services.

The Private Client Group provides services and products related to the management of wealth, including broker/dealer activities, banking, retirement planning, insurance and trust services, and mortgage lending. Brokerage activities are provided by two subsidiaries: Merrill Lynch, Pierce, Fenner and Smith; and Merrill Lynch International. Insurance activities consist of underwriting and marketing life insurance and annuity products written by Merrill Lynch Life Insurance Company and ML Life Insurance Company of NY. MLIM manufactures and offers tax-exempt and taxable fixed-income mutual funds, and equity and balanced funds. The organization has become a significant financial services company with its many mergers and acquisitions. Throughout the seventies and early eighties, Merrill Lynch began to expand and diversify its financial interests through acquisitions and joint ventures, as well as by offering new services via its existing organization. Further, the company made over 18 acquisitions between 1996 and 2001 under the leadership of David Komansky (Cameron and Green, 2004).

Overview of Franklin Resources, Inc.

Franklin Resources, Inc. is a diversified financial services company that operates providing investment management, marketing, distribution, transfer agency and other administrative services to the open-end investment companies of the Franklin Templeton Group and to the United States and international managed and institutional accounts. Also known as Franklin Templeton and Mutual Series; Bissett Fiduciary Trust; and Darby Overseas, Franklin Resources has a strong international presence, with offices in more than twenty nine countries around the world, in addition to offering services in over one hundred countries. In total, the company offers more than 200 different investment products include a broad range of domestic and global/international equity, hybrid, fixed income and money market mutual funds, as well as other investment products sold to the public under the Franklin, Templeton, Mutual Series, Bissett and Fiduciary Trust brands.

Franklin Resources has traditionally sold its services through financial advisors, but recently, the company has been pushing its web site and online access. During 2003, the company sought to reaffirm its position as a solid, prudent investor through launching its Franklin Structured Large Cap Core Equity Fund and Franklin Structured Large Cap Growth Equity Fund to offer institutional investors a new approach to enhanced index-based investing that seeks to limit risk. With more than fifty years of experience, Franklin Resources has grown to become the largest publicly-traded mutual fund concern in the world, with more than $237 billion in mutual fund assets under management (Loosvelt, 2006). Franklin Resources is also one of the top five largest mutual fund companies in the United States, a leader in bond funds and a pioneer of tax-free state bond funds. Like Merrill Lynch, it has a lengthy history of growth through acquisitions, including a key acquisition in 1992 of Templeton, Galbraith & Hansberger Ltd., the manager and operator of the highly regarded Templeton Family of Funds.

Benefits of acquisition

The experiences of both companies in all their acquisition ventures over the years and the work of those studying acquisition successes indicate that the melding of complementary rather than highly similar resources between firms involved in an acquisition increases the probability that economic value will be created. Hitt, Harrison and Ireland (2001) maintain that a key reason for this is that firms with highly similar resources also have highly similar strategic capabilities and vulnerabilities in the marketplace. Thus, a merger or acquisition that combines highly similar resources can result in a newly created firm that will encounter larger quantities of virtually the same environmental opportunities and threats that they faced as independent entities. Given this evidence, it will then be an economically rational decision (within the constraints of limited information, cognitive biases, and causal ambiguity) for both firms in the pursuit of competitive advantages and marketplace success to seek combinations of complementary instead of highly similar or even identical resources, which they will find in each other.

The acquisition, like typical contemporary acquisitions, will be quite strategic and operational in nature. The executives of both companies will be buying an installed customer base as well as new and better distribution channels and geographic markets. They will be acquiring each other’s competencies and an infusion of talent that leverage and extend strategic opportunities. They will also be consolidating business units or industries in a down cycle, to increase revenue and share price. At its best, the acquisition process itself will become an opportunity to develop the skills the two organizations will need to achieve advantage. Integration is the ultimate ‘work-out’ — a chance to eliminate work or transactions from the company’s business processes. It can be the catalyst for refining those processes so that they work better than ever. Merrill Lynch and Franklin resources, Inc., hopefully, can execute integration successfully, in all its complexity, and in turn they will be able to do a lot of other things successfully, too.

Works cited

Cameron, E. & Green, M. (2004). Making Sense of Change Management: A Complete Guide to the Models, Tools and Techniques of Organizational Change. Sterling, Virginia: Kogan Page Limited.

Gray, G., Cusatis, P. & Woolridge, J. (2004). Streetsmart Guide to Valuing a Stock. New York: McGraw-Hill.

Hitt, M., Harrison, J. & Ireland, R. (2001). Mergers and Acquisitions: A Guide to Creating Value for Stakeholder. New York: Oxford University Press.

Loosvelt, D. (2006). Vault Guide to the Top Financial Services Employers. New York: Vault, Inc.

How Much Does a Construction Workermake?

Construction Workers earn a median salary of $33,430 per year. Salaries typically start from $21,510 and go up to $62,600

What will the market bear or bare?

It is not correct to say that market will “bare” because it means ”naked.” So, there is no logic in this word combination. There is a collocation “the market will bear,” and it is used quite often. It means that the market will support something

What would happen if currency in all countries had fewer denominations?

In this case, the variety of currencies and exchange rate would be unavailing, and only one currency could be entered. The monetary policy of all states would be interconnected, and if countries implement it independently, denominations in countries will become different, so such a phenomenon could be very short-lived.

Which government agency responsible for control of the money supply is?

Federal Reserve

Management trainee enterprise salary?

What would happen if all currencies had the same value?

Such situation can become real only if the currency has some real value like gold. The rules for the monetary policy will have to be more rigid for all countries. There will be a necessity to create one organization which will control the flow of the world currency as well as its value. However, it’s quite impossible that this all will be done in a friendly way. Sometimes the government cannot resolve monetary problems within one small country. What can be triggered if the whole world is involved? There is a high likelihood that new conflicts and even wars can be brought about.

From my perspective, the attempts to create the world currency is doomed to failure, just as it happened with the attempt to create the world language Esperanto.

Money and currency are related because?

Money and currency are related because they are actually interchangeable synonyms. Money can be used as a more broad term, while currency refers to the money of the specific country. However, in the context, they can be used as absolute synonyms.

Why does everything cost money?

Why everything cost money? Money has been created for regulating the consumption and supply. If money didn’t exist, there would be no guarantee that everyone get enough products. There is an idea of Communism which tries to diminish the value of money. However, it turned out to be an unreal regime.

What are some examples of consumer and capital goods?

Consumer goods vs capital goods are interconnected. Consumer goods include all those products which you can buy in the supermarket or any shop. It can be anything from milk to flowers. Capital goods include those tools, machinery, technical devices which are used for manufacturing consumer goods.

How to give yourself money in CSGO?

If you adore playing Counter-Strike, you will like to find out about the means of getting money in CSGO. Start with opening the console (you should enable developer console on the keyboard) and then type the code sv_cheats1. In the console space type 101 for the desired free $16,000. Now you can enjoy the game even more with this money. It will allow you to buy lots of monstrous weaponry.

Cash money records taking over for the 99 and 2000?

There is a song beginning with the words “Cash records taking over for the 99 and 2000”. It is a rap song by Juvenile. The song is called “Back That Thang Up.” By the way, these words are only used in the intro, so you won’t find it while listening to the explicit version of the song.

What is the opportunity cost of holding money?

The opportunity cost of holding money is the benefit, which could be obtained if the money would be invested, so it is equal to the percentage of investment profit. Holding money does not bring any income, but it is justified in some cases, for instance, if a company need to have assets that have to be ready to be put into circulation at any time, while investing, which is positive for business, deprives financial freedom to a certain extent.

What did Steve Jobs sell to raise the seed money to start Apple Computers?

What did Steve Jobs sell to raise the seed money to start Apple Computers? For that time, Steve worked with Wozniak, and they decided to sell their properties to get some starting capital. Steve Jobs sold VW bus, and his friend got money for selling HP 65 Calculator. In sum, they got approximately $ 1,200.

Is a health savings account (HSA) useful? Why?

Health savings account is just like an ordinary account where you can save up money, but the purpose of HSA spending is connected with health only. This service is useful because you can always be sure that no matter what happens you have some savings for medical treatment. As to the advantages, HSA allows anyone to contribute to your account. Also, it is very convenient to pay for any medicaments because HSA provides a debit card.

Where does the money from unemployment come from?

Where does unemployment money come from? This money is paid from the trust funds which belong to the government and each state. Employers pay certain percentage of the employee’s salary to fulfill that unemployment fund. The amount of taxes are discussed with the employer, and there are even discounts for those who pay salary on time.

Preferred stock issued in exchange for land would be reported in the statement of cash flows in?

It will be reported in a separate schedule. A preferred stock as a term means a unity of specific class of shares which have features opposite to those of the common stock. As a rule, preferred stock has preferences in dividend payment.

Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care. Both have their own importance and benefits. Nevertheless, money is a useful and necessary commodity to live contentedly disposing all your usual liabilities towards your family and loved ones.

Long and Short Essay on Money in English

We have provided some simply written essay on money to help your kids to do better in their essay writing competition.

These Money Essay are written in easy English so that student of any class can easily understand it and also reiterate it or write it down, whenever required.

We have divided following essays under long and short essay on money in English according to the need, to help your kids to do better in their school competitions.

These essay on money will prove useful in your school assignments or general discussion with your family and friends.

Money Essay 1 (100 words)

Money is the most basic requirement of the life without which one cannot fulfill his basic needs and requirements of the daily routine. We can never compare the importance of the money with the importance of love or care. When one need money, love cannot fulfill this requirement and if one need love, money cannot fulfill this requirement.

Both are highly required for the healthy life but they have their significance and importance separately. Both are required by us on urgent basis so we cannot rank both on the same scale. We need money everywhere such as to eat food, to drink water or milk, to see TV, news, subscribe newspaper, wear clothe, get admission and many more requirements.

Money Essay 2 (150 words)

Money is the basic requirement of the life without which one cannot imagine a healthy and peaceful life. We need money even buying a little needle. In the modern time, where growth of civilization is going very fast and following western culture, we need more money because of the increasing prices of everything. Earlier there was a system called barter system in which one was allowed to exchange things to get goods however, in the modern one need only money to buy everything.

The importance of money is increasing day by day as the living has become so costly. The significance of money has increased to a great extent in the field of production, consumption, exchange, distribution, public finance and etc. It plays a very crucial role in determining the input, income, employment, output, general price level of anything, etc.

Money Essay 3 (200 words)

In such a costly and competitive society and world, no one of us can live without money. We need money to fulfil our basic needs of the life such as buying food, and other many basic necessities of life which are almost impossible to buy without money. People in the society who are rich and have property are looked as honourable and respectful person of the society however a poor person is seen as hatred without any good impression.

Money increases the position of the person in the society and gives good impression to him. All of us want to be rich by earning more money through good job or business in order to fulfil all the increasing demands of the modern age. However, only few people get this chance of completing their dreams of being a millionaire.

So, money is the thing of great importance all through the life. Money is required by everyone whether he/she is rich or poor ad living in urban areas or rural areas. People in the urban areas are earning more money than the people living in backward or rural areas as the people of the urban areas have more access to the technologies and get more opportunity because of the easy sources.

Money Essay 4 (250 words)

Money is very much required thing in the life however; it cannot buy things like time, love and true care. It can only fulfil the outer needs of the person and not the inner needs like true love. Now-a-days, everything has become so costly but necessary to buy for living a simple life. And what if we have no money, either we would die or suffer more if saved.

Money has capability to buy anything virtually and helps us a lot throughout the life. By taking the importance of the money in our life we should never destroy or waste the money without any purpose. We should not compare the money and love because both are required separately to run a successful life.

In this competitive world, everyone wants to get good study with higher education from the popular college and university to get good job in order to earn more money. A person needs more money to fulfil the requirement of the all members of the family especially one who is only working person of the family.

He or she needs to fulfil the eating, clothing and living requirements of the family members and for that money is required. Rich people of the society are given particular recognition and popularity however poor people live their life by arranging just food for two times a day. All the changes and differences are just because of the money.

Money Essay 5 (300 words)

Money is really a very important thing for the human beings to lead their life in the satisfactory way. Unlike animals and plants, we need more money everywhere. In order to live in the society, we need to maintain our status and position in the society for which we need money. In order to eat food or drink water, wear cloth, get admission to the school, take medicine or go to the hospital and other many activities we need lots of money. Now the topic arise is, where we got such required money. We need to get higher level study and do hard works to get good job or open our own business which requires more skill and confidence.

Earlier the condition of poor people was very poor because of the pressure of the rich people. They were not helping the poor people and use them only as a servant on the very low salary. However the condition of the poor people has become good as the rule and regulations of the government as been change in order to equalize the condition of both. Now everyone has equal rights to study higher and get good job. Many people understand that money is the origin of the evil in the mind however I do not think so because thinking is the process of human mind and not the creation of money.

I understand and believe that money is the most important key of happiness gifted by the God. It is the human mind to take anything in different ways. Some people take it only to fulfil their physical needs and they never take it heartily however some people understand everything to the money and they can do anything for getting the money such murder, corruption, underworld work, smuggling, promoting bribe, etc.

Money Essay 6 (400 words)

There is no any doubt that money is so essential for our healthy living. Money is almost everything for us to live a life and maintain the good stats in the society. It is the money which fulfils the need of bringing necessary comforts and amenities of the life. If one has money, he/she can get anything in his/her life. It is the money which helps us in developing good personality, improving confidence, makes us able to creditworthiness, improving capacity, increasing capabilities and enhancing our courage to a great level. Without money we feel helpless and alone in this world where no one is ready to help and assist. In the current materialistic world, money is very important and powerful thing without which one cannot live and survive.

Now-a-days, in order to earn more money in wrong ways, bad people are taking help of corruption, bribe, smuggling, murder rich people of the society, and other callous activities by degrading the moral and ethical values of the humanity. Lazy people follow wrong ways to earn money as they understand that these ways are simple and easy however it is not true. One can earn more money in less time and effort but not for long; surely he would be lost in the near future as he is following wrong and weak way. The people who are earning money by following all the rules of humanity earn less money but for long time and they become the high status personality of the society.

People doing corruption save their money as a black money in other countries to keep hidden from the common public and use that money for bad works or increasing their physical luxury. However, common people of the society respects a lot to the people earning money using wrong techniques as they have fear of them and little bit greediness that they can get some money in return whenever required by giving them respect. They are generally called as the bhai or dada or don. Money cannot buy or stay the time as well as cannot give true love and care however highly required by all of us to run the life on the right path. It cannot give time and love however gives happiness, confidence, satisfaction, feeling of well being mentally and physically, makes life easy by solving all the difficulties, and many more.

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All the money essay given above are written by the professional content writer to help students in getting fulfilled their needs and requirements. Essay on money is generally assigned to the students to write something in their own way. Money essay is given under the category of general essay.

A postman has always been an important part of our society. His job duties involve reporting to the post office on time every day, sorting the letters according to the addresses, placing them carefully in his bag, delivering them to the correct address and reporting back to the post office in the evening. He reports to the postmaster and follows his instructions. His job is tough but he carries out all his duties with a smile. He also brings a smile on the face of people who receive letters, presents and money orders delivered by him.

Long and Short Essay on Postman in English

Here are essay on Postman of varying lengths to help you with the topic in your exam. You can find here variety of Postman Essay written under various words limit in order to fulfil your requirement.

We have covered all the points related to the postman such as importance of postman, postman in our village, postman: a tough profession, postman in our neighbourhood, etc.

We hope, you will enjoy reading these essays because they are written in easy and very simple language to make it user friendly.

Short Essay on Postman (200 words) – Essay 1

A postman is a community helper. He is as important to the society as other community helpers such as a doctor, a teacher, a policeman, and a vegetable-seller. He helps in connecting people by conveying their messages to each other.

A postman wears a khaki uniform and holds a bag full of letters on his shoulder. He rides a bicycle and roams around on streets to deliver letters to different addresses. He needs to make sure that every letter reaches the correct address. He also needs to ensure that the letters are delivered timely. Many people subscribe to magazines and newsletters. These are also delivered by the postman. He is reprimanded in case he doesn’t perform his duty well.

Postman’s profession is quite tough. He faces many hardships such as riding the cycle all day long irrespective of the weather outside. Whether it is rainy, windy or sunny, a postman cannot take a leave. He needs to be out on his cycle to distribute the letters so that people do not miss any important message. This can be quite strenuous physically. However, he does his job with dedication. By evening he needs to report to the post office. He is allowed to go home only after the postmaster’s approval.

Despite the hard work, a postman is not paid well. I wish the government increases the allowance of the postmen.

Essay on Postman (300 words) – Essay 2

‘Importance of Postman’

Introduction

In ancient times, people relied on pigeons to convey messages to their loved ones living in faraway lands. However, as things changed these were replaced by a more reliable medium. Post offices came into being and postmen were hired to deliver important letters, parcels, and documents.

The Importance of Postman in the Earlier Times

A postman was one of the most important community helpers in the times when there were no phones. People communicated with their relatives and friends living in distant lands by way of handwritten letters that were delivered by postmen.

Since banks were not easily accessible and there were no ATMs, people often sent money orders. Gifts and other important parcels were also sent via post. A telegram was sent in case an urgent message had to be conveyed. The role of the postman was thus that of great responsibility in the past.

People relied upon him for receiving money and important messages and things. They keenly waited for postman each day.

The Importance of Postman in the Modern Times

It would not be wrong to say that the importance of postman has lowered to some extent due to the introduction of phones and emails. Instead of writing long letters to each other, people send quick messages or emails to convey the message. They no longer have to wait for days to hear from each other.

They can simply make a call or text their loved ones as well as business associates and connect with them instantly. All the banking transactions including the transfer of money and receiving of documents is also done online. People hardly send money orders these days.

However, receiving handwritten letters is still a great feeling. The importance of postman may have reduced with time but he is still an essential part of our community. He still delivers many important posts such as university results, admission cards, weekly/ monthly magazines, and the likes.

Conclusion

Though we have now shifted to the electronic mediums of communication, however, the role of a postman is still important. It is good to see that most postmen carry out their duties with honesty and dedication.

Essay on Postman (400 words) – Essay 3

‘The Postman in Our Village’

Introduction

We live in a residential society in a metropolitan city. The sight of a postman is very rare here. The postman usually delivers the letters at the society gate and that is where we pick them from. I only get to see a postman when I visit my grandparents during my summer vacation. They live in a beautiful village in North India. Postman is one of the few people who are awaited eagerly by the people of the village. We also look forward to his arrival each day.

The Joy of Receiving Letters

The atmosphere of villages is quite different from that of the cities. Children are seen playing together in the neighborhood all day long. Elderly people also gather to chit chat during the afternoon and evening hours. I and my siblings also play and run around the village area. The joy of the kids playing around increases particularly when they see the postman coming. They run after him chasing his bicycle, greeting him and giggling away to glory.

Everyone is eager to know if they have received any letter or another postal article. It is like receiving a precious gift. The postman seems as glad as the people around. He stops by at the addresses where the letters are to be delivered. People living in villages are quite courteous. They offer him water. Some of them even offer him sweets on special occasions.

There is no bank or ATM in our village. The nearest one is around 10 km away. It is difficult to withdraw money transferred to the bank. This is the reason why money orders are quite common here. People prefer receiving their payments through money orders. Many children also send money orders to their parents living in the village so that they can purchase things with ease. The postman understands the importance of money orders. He carefully delivers them to the respective recipients.

The Postman Reads the Letters

Many people in the village do not know how to read. So, in addition to distributing letters, the postman also takes it as his responsibility to read the letters to villagers. He does this job with joy. He sits down and patiently conveys the message written in the letter to the people. In case, there is some good news, people reward the postman to express and share their happiness.

Conclusion

The bond between the villagers and the postman is really strong. It is a treat to watch the postman riding through the village. We miss this in the city.

Essay on Postman (500 words) – Essay 4

‘Postman: A Tough Profession’

Introduction

A postman is a government servant. He is employed to distribute letters, money orders, and other postal articles to people. He roams around on a bicycle all day to complete the work assigned to him. The profession of a postman is not easy. He needs to face many challenges.

The khaki Uniform

A postman wears a khaki uniform. He wears a matching cap and carries a bag full of letters on his shoulder. The bag also contains certain other stuff such as cards, money orders and magazines that need to be delivered at different addresses. The uniform of a postman sets him apart from the rest of the public. A postman’s uniform helps us recognize him from a distance.

The Old Bicycle

A postman rides a bicycle even in today’s times. People have upgraded from cycles to scooters to cars. However, postmen are still assigned bicycles. They roam around on this eco-friendly vehicle the entire day to distribute letters and other important documents to people.

Many people argue that their vehicles should also be upgraded. However, others support this old way of commuting. It may take time for the postmen to reach from one place to another via cycle. However, there are many advantages attached to it too. One of the main advantages is that a postman does not have to worry about traffic jams.

The role of a postman is that of great responsibility. He needs to ensure timely delivery of letters. Driving a car, scooter or tempo can hinder his work as it will make it difficult for him to escape the traffic. Besides, cycles are good for the environment. They do not cause pollution, unlike cars and bikes. Also, keeps the postman healthy and fit.

Postmen are usually seen riding an old bicycle which has become an integral part of their identity.

A Tough Job

The job of a postman is not easy. He requires reporting to the post office early every morning. He collects all the letters from the post office and then sets out to distribute them in the area assigned to him. The letters need to be distributed at different addresses. He needs to look for the best possible route based on the addresses he needs to visit in order to complete his job by evening.

He needs to ensure that the letters reach people on time so that they do not miss out on any important message. A postman cannot afford to miss any delivery or misplace any letter as he can be questioned for loss or delayed delivery. He can be punished in such cases. He can lose his job or a part of his salary in the event.

In the evening, the postman requires reporting to the post office again. In case, any job is left incomplete he requires completing it before heading home.

It is sad, that even though a postman works hard all day long, he is not paid well by the government.

Conclusion

The service provided by a postman is essential for society. We should be thankful to these professionals for carrying out their tasks with dedication.

Essay on Postman (600 words) – Essay 5

‘Postman in Our Neighbourhood’

Introduction

Since my early childhood years, I remember one person who visits us regularly. He comes to our house many times a week and has become a part of our family. He is our postman, Naresh. While many postmen are transferred to a different area every few years, Naresh has been delivering letters in our vicinity for quite a long time. It has been for several years.

My Grandparents Await Postman Eagerly

While most of us have switched from writing letters to sending a quick email or message, my grandmother still prefers the good old way of writing letters. She and her siblings exchange handwritten letters regularly to keep in touch with each other. I often go with her to the post office to purchase inland letters, envelop and stamps. She also assigns me the task of putting letters in the nearby letterbox. We then await their reply. My grandmother eagerly waits for our postman, Naresh each day and so do I.

Apart from the letters from my grandmother’s siblings, we often receive letters from banks and some other institutions. Naresh knows that my grandmother keenly awaits letters from her loved ones. He rings the cycle bell joyfully as he approaches our place on the days he brings letters for my grandmother.

Just as my grandmother is overjoyed to receive these letters, Naresh is glad to deliver them. Sometimes, her brother sends her gift. No matter how small the gift is, the joy of receiving a surprise parcel is simply unmatched. Naresh makes sure the parcel is carefully kept in his bag to avoid any kind of breakage. He joyfully hands it over to my grandmother who is thrilled at receiving it.

My grandfather, on the other hand, waits for letters from the stock market and bank. While my father carries out all the banking transactions online and receives notifications on his mobile or email, my grandfather still prefers the old way of dealing with such institutions. So, he too awaits Naresh every day. He trusts Naresh completely and thus instead of visiting the bank he often opts for receiving even the most important and confidential documents via post.

My Pen Friend

I love this old way of keeping in touch. To experience the joy of receiving letters, I recently made a pen friend. In this era of mobile phones and chatting apps, this seems quite old fashioned and mundane. But I really wanted to experience this and it is really awesome. I write regularly to this friend and it is exciting to receive letters from her. She even sent me a beautiful birthday card which came as a pleasant surprise.

Our Postman; Our Friend

We are lucky that Naresh has been assigned our area as he is a very sincere professional. He carries out his tasks with honesty and dedication. Many of our relatives complain of missing out on letters and gifts. It is all due to the negligence of the postman in their area. They visit the post office to register complain regarding the same.

However, the lost/ misplaced parcels and letters are seldom found. Thankfully, we have never faced any such problem. This is because Naresh is a thorough professional. He understands the importance of timely delivery of letters and other postal articles and makes sure no one misses out on an important message.

It would not be wrong to call Naresh a true friend. On festivals and other special occasions such as birthdays, we offer sweets and juice to Naresh as he visits our house. My mother also gives him some cash and a pack of sweets for his family. We have been following this ritual for years.

Conclusion

Our postman, Naresh is always on time despite the weather outside. He works tirelessly and always has a smile on his face. His sincerity and dedication inspire me to work hard.

Black money is basically the accumulation of income obtained illegally. It is not declared for tax purpose. The issue of black money is prevalent in India and the government has come up with stern measures to deal with it lately. The money earned via unlawful means is known as black money. There are various sources of generating black money and people have been practicing these since decades despite the negative impact they have on the society.

Long and Short Essay on Black Money in English

Below we have provided some Long and Short Essay on Black for your information and knowledge.

These Black Money essays have been written in simple and easy to remember language for you to present them with ease whenever and wherever required.

Following Black Money essay will prove useful in your school assignments and other competitions, where you have to write or speak about Black Money and impress your teachers, class mates and friends.

Black Money Essay – 1 (200 words)

The problem of black money is not new to our country. Money generated via various illegal sources and the attempt to hide it from the government for the purpose of tax evasion has been a common practice here.

The problem of black money has given rise to a number of other issues in India. False information about the country’s economy is among the major issues being faced due to black money. The government is completely dependent on the tax revenue and evasion of tax to accumulate black money has a major impact on the nation’s fiscal system. Apart from the impact it has on the nation as a whole this also impacts the general public as it is the basis of social and economic disparity in the country.

There are a number of causes of accumulation of black money. The high tax rate set by the government is said to be the main reason for it. Other reasons include the different rates set for excise duty, the price control policy, the real estate market, inflation and quota system. People look for various ways to hide their income from the government and get away with it.

The need to stop this practice must be sensitized. While the government is taking steps to eliminate this problem it cannot achieve success in this direction if the public doesn’t support.

Black Money Essay – 2 (300 words)

Introduction

Black money is basically the money earned in black market. It is the amount which is hidden from the government so as to avoid taxation on the same. The accumulation of black money has several negative repercussions on the society with economic and social disparity being the major ones.

Sources of Black Money

Now the question remains that when there are so many negative impacts of black money then why isn’t the government taking steps to eradicate the problem? Well, the government is making efforts to free the country of black money however the sources of this ill practice are stronger than the policies imposed to get rid of it.

It goes without saying that evasion of different types of taxes including the income tax, state taxes, corporation tax, excise duty and customs duty is the key to generating black money. Here is a look at the various other sources of black money:

1. Black income via exports: A lot of black money is generated by businesses that export their goods.
2. Black market: The good supplied in the black market are another source of black money.
3. Stock Market: A lot of profit is generated via the stock market trade and most of it goes unaccounted. It is this unaccounted profit that makes for the accumulation of black money.
4. Illegal commissions: Many government officials take illegal commissions from the general public for offering certain services. The income earned via this means is all black.
5. Bribes: A lot of bribery goes on at different levels in the government as well as private sector and this also contributes to black money.
6. Scams: Scams done by politicians and other people in power are undoubtedly a major source of black money.

Conclusion

The problem of black money has persisted in our society since decades. It is high time the government should come up with a foolproof plan to free the country from the clutches of this ill practice.

Black Money Essay – 3 (400 words)

Introduction

Black Money is one of the major problems being face by our country these days. This is one of the reasons behind the economic disparity that in turn causes social inequality which is the root cause of several problems in the country. There are a number of factors that lead to this problem. Some of these include the high rate of tax, increased cost of living, inflation, different rates of excise duty and the real estate market.

Ways to Control the Problem of Black Money

It is important to control the problem of black money as it is hampering the growth and development of the country to a large extent. Here are some of the ways in which we can control this issue:

• The tax system should be realistic. People must not see it as a burden. High tax rate would only make people look for ways for tax evasion.
• The process of tax collection must be made more efficient. The government must take certain steps to award the officials who are dedicated and sincere towards this task so as to motivate more and more officials to take this seriously.
• The government must work on its price control policy as it is also one of the reasons behind the generation and accumulation of black money.
• The public sector projects must be monitored stringently so as to bring down their expenditure.
• The private sector investment expenditures must also be monitored effectively.
• The government must take action against the corrupt officials who in many ways contribute to the growth of black money.
• Administrative corruption must be controlled at various levels.
• The sale and purchase of properties must be thoroughly monitored by the IT officials to ensure that people do not hide any black money in the event.
• The politicians, celebrities, senior civil servants and media people must set an example for the general public to pay their taxes.
• Incentives should be given to those who provide voluntary disclosures of income.
• The exchange rates must be realistic and should reflect our comparative rates and position in the world economy.

Conclusion

While the Modi government has taken the step of demonetization to break this illegal wealth accumulation, there is still a lot that needs to be done in order to bring this problem down. People must understand the importance of paying the tax and should refrain from concentrating black money. The small contribution each citizen does in the form of taxes helps in the development of the country.

Black Money Essay – 4 (500 words)

Introduction

Black money is the money on which tax is not paid. It is hidden from the government just to keep it exempted from tax. There are a number of means used by people to keep their money under wraps and escape from paying the tax. Here is a look at some of these and also the way government has tried to curb this problem in the recent past.

Black Money Deposited in Foreign Lands

Many big business men, ministers and celebrities are known to have deposited their money in foreign banks. Though the total amount deposited by Indians in foreign bank is not known, there are many reports claiming estimate amount of money deposited by Indians in their foreign accounts. As per one of these reports a whopping US$1.06 trillion has been held in Switzerland while another report claims that Swizz bank accounts of Indians includes around US$2 billion. It has also been claimed that illegal funds of Indians in foreign tax havens amount to around US$ 500 billion.

Demonetization – A Step to Eradicate Black Money

Recently, the Modi government took a major step to eradicate the problem of black money. On the 8^th of November 2016, Narendra Modi announced that 500 and 1000 rupee notes would cease to be legal from midnight. ATMs all across the country were closed on 9^th and 10^th of November. These were refilled with 2000 rupee notes and new version of 500 rupee notes. The old notes were removed completely from circulation. As per the government this action would bring down the accumulation of black money and bring down the illegal businesses and activities that are funded by the same.

The sudden announcement of the withdrawl of old currency notes and the shortage of new notes created havoc in the country and disrupted the normal functioning across of various sectors for several weeks. The decision had mixed reactions from the public. The decision was condemned by many stating that it has only caused inconvenience to the general public. It has been criticized for being poorly planned. Public came out to protest against the government in various parts of the country.

However, the government claimed that the move is aimed at improving the overall condition of the society and people will see the positive results in the long term.

Impact of Demonetization

While the move was condemned and criticized by many here is a look at the positive impacts of demonetization:

• Black money was majorly destroyed due to this move of the Modi government.
• It came as a shock for the political parties and ministers who used black money for campaigning and other activities. It disrupted the ill practices used by these parties to win votes.
• The amount of black money floating in the real estate sector saw a huge dip.
• Hawala transactions that promote terror activities came to a halt.
• It has also impacted Maoists and their movements negatively.

Conclusion

The issue of black money has been eating the country like a parasite. While demonetization has helped in controlling it to some extent there is still a lot that government should do to get rid of this issue.

Black Money Essay – 5 (600 words)

Introduction

People earn money from different sources and do not bring it to notice so that they can refrain from paying tax. This accumulation of money on which tax is not paid is known as black money. The problem of black money has been prevalent in our country since long. There are a number of factors that contribute to this problem.

Causes of Black Money

Here is a look at the various causes that lead to the problem of black money in India:

1. High Tax Rate

The rate of tax in India is quite high. The increase in the taxes and duties has forced people to take the route to illegal wealth accumulation. Tax free income limit in the country is just Rs. 25,000/-. This amount is not sufficient to run a household these days when the cost of living is sky high. This is the reason why professionals who earn more tend to hide their income so that they don’t have to pay tax.

2. Price Control Policy

The prices of certain commodities such as fertilizers, sugar, cement, etc are regulated by the government by way of its Price Control Policy. The policy is rigid and does not go by the ups and downs in the market. The private manufacturers and retailers take advantage of this policy that results in black money.

3. Different Excise Duty Rates

The government has set different rates for excise duty based on the quality of products. In order to avoid paying higher rate of excise duty, the manufacturers at times downgrade a product. This leads to the generation of black money.

4. Real Estate Transactions

Real estate transactions involve huge amount of money. People accumulate black money via real estate transactions. Purchasing property at a cheaper rate and selling it when the prices rise has become a lucrative business and a lot of black money is generated with this.

5. Quota System

The government has set a certain quota for export, import and foreign exchange. While this is set for the benefit of the people it is often misused to accumulate black money.

6. Inflation

High inflation rate is also known to be one of the causes of black money.

Impact of Black Money

Black money does not only have a negative impact on the country’s economic condition but also has adverse social consequences. It creates economic disparity in the country which undoubtedly is the basis of social disparity. Such practices are the reason why the rich here are getting richer and the poor are getting poorer. Social inequality leads to frustration among people and gives rise to crimes such as robbery, bribery and more.

Tax evasion also means the amount that could have been used for the country’s growth and development did not reach the government. If the government does not get enough revenue it would be unable to take up new projects for the development of the country and the uplift of the poor sections.

The countries where people pay taxes religiously are far better off as compared to those where there is huge amount of accumulation of black money.

Conclusion

The government has taken certain steps to eradicate the issue of black money. The recent and one of the major steps taken in this direction was demonetization. While this step helped in eliminating black money to some extent many people condemned it. However, even if it helped, it definitely was not enough. A lot more needs to be done in order to stop this ill practice. The government must look for more effective measures to curb this problem. And remember, the government alone cannot bring this issue to an end. It can only be curbed if each and every citizen of the country contributes his bit.

Long Essay on Black Money – Essay 6 (800 Words)

Introduction

Any money on which income tax or other taxes have not been paid is termed as “Black Money”. It is usually earned through corrupt practices and is not declared fearing legal action. Sometimes, the amount of black money stalked up in a country is so higher that it could run a parallel economy. Black money is accumulated by corrupt officials, politicians, businessmen, criminals, smugglers and any other individual trying to evade taxation.

Black money is a huge hindrance to a nation’s growth, as it is either used in black market or in money laundering. In the below essay, we will go through the sources of black money, its socio economic effects and its possible counter measures.

Sources of Black Money

There are various sources of generating black money. One of the basic areas where black money is generated and exchanged is in the government sector. Corrupt government officials authorized to make policy and financial decisions, maliciously convene with interested parties to favor them and get perks/bribe in return. This money obviously cannot be declared and is purposely hidden from the tax net; though, it is invested in a new venture through shell companies or money laundering. Thus, the money which should be taxed and the taxed amount utilized for public welfare schemes, escapes the tax agencies, having a deteriorating affect on the overall economic health of a nation.

Private firms also generate black money through a method called “Transfer Mispricing”. The modus operandi used in this method is to manipulate the price of transaction between two parties, in order to deceive tax agencies and benefit both the parties. Though the money is not earned by dishonest means, it is purposely hidden from tax authorities to evade taxation and is still considered black money.

Many other anti national, anti social and criminal activities are the sources of black money. Anti national activities mostly rely on black money generated internally or unscrupulously provided as foreign donations.

Socio-Economic Impacts of Black Money

Accumulation of black money by few corrupt individuals, damages the economical growth of the nation, as the money hidden from tax agencies is further invested into other businesses or sent outside to tax haven countries, with lighter tax laws.

Crores of rupees collected as tax, could have been used for public welfare schemes- building schools, colleges, hospitals and roads etc. Black money not only weakens the economy of a nation, but also widens the economical gap by making rich richer and poor poorer.

Presence of huge amount of black money pollutes the social structure of a nation and adversely effects the functioning of government agencies. Money earned by dishonest means, is used to bribe government officials and other relevant agencies, in exchange to a certain favor. This corrupts the whole government machinery and reduces peoples’ trust in the government and administration.

Inflation is another significant effect of black money, on a nation’s economy. Black money increases the purchasing power of people, automatically resulting in higher prices of commodities. An increased price of everyday commodities put a strain on the pocket of common man, while it hardly affects those who have black money. This in turn widens the gap between rich and poor, by making the poor poorer.

Measures to Counter Black Money

Many steps could be taken by the government to counter black money. The government of India had from time to time announced voluntary disclosure scheme for people who have stacked black money. The scheme persuades them to declare their money and other illegal assets and to pay the tax at a lower rate than usual.

Take a resolve to not to bribe any government official for personal gains. However, small or big the matter might be, your pledge to not take the illegal path, will definitely improve nation’s social and economical health.

One of the major steps taken by the government of India to counter black money was demonetization. It stands for stripping a particular denomination currency, of its status as a legal tender. In demonetization, the black money accumulated by anyone, instantly loses its worth, leaving the holder with no option but to exchange it by declaring it to bank or discard it.

Apart from all the above methods to counter black money, there is a need of stricter laws to punish someone who deliberately conspires to evade taxation. People with huge amount of undeclared money, use it to bribe tax and law enforcement officials, escaping from punishment. There is an urgent need to remove such existent loop holes in present laws and also to make and implement new stricter laws.

Conclusion

Black money has a potential to push back the progress of a nation and generate economical and social disparity. Illegally earned money, slowly corrupts the whole system and leaves a nation in a state of economical and social upheaval. It is a fight that no government can fight alone and the people also must be co operative and vigilant to fight against any kind of financial fraud or illegal activities. Any information about any kind of illegal transactions must be immediately reported to the concerned authorities.