#ib project

Some researches for the woman in red. I'm going for a 40's look for her because of Guertena's periode of living.

But who is the Lady in Red ?

A popular theory is that the lady in red and her variations were Guertena's lovers. In the game it is said that she was a Lady who tried yo seduce and marry him for money.

My personnal interpretation would be a mix in between.

Guertena fell in love with her after she seduced him. He painted her a first time as the embodiment of passion and love, hens the red.

But after a while he discovered her true motive and broke his relation with her as well as his heart. That's were he painted the blue variation. To represent sadness.

But then came bitterness and the Lady in green. He depicted the money hungry woman she was, hens the green, color of greed.

At last, and this is more strechted out, I theorise Guertena's was a controvesial artist in nazi Germany. Out of spite, because she couldn't married rich the woman denonced him as a degenerated artist. Most of his work, as a result, as been burned. (that would explained the fear of fire of the gallery and Mary. ) only being concerved the lady in red which was acceptable. This Is why only this variation is shown in the museum (along side with more recent works) but Guertena painted a last version of this lady he once loved. The lady in yellow, which represented her treason towards him (as yellow is often used to depicte Judas in christianisme). She is the most powerful and monster looking of the four versions because He painted all his sorrow and bitterness towards her and love, and maybe a beautiful life he dreamed of where he would have a little girl, named Mary. The yellow Version represent this dead dream.

Project Eev is a fan-animation project with a certain ambition I must admit. It will be an adaptation of the indie rpg horror game Ib, which is a masterpiece.

What is the meaning of an adaptation? An adaptation is surely not a perfect copy of the original work. Things will be changed, as for example the name of the main character. Theses changes happened for three reasons ; 

A film is not a video-game, so the narration must be altered for it to be as fascinating to watch as it is to play.

Why even bother doing a movie if it’s a conform copy of something already perfect as it is? None. This is why, and we come to the last point, it need a clear aim.

The story will be altered because I have my vision of this story I love. I will do everything possible to keep the spirit of the game but things will change.

Why Eve and not Ib? To be sincere I seriously hesitated to change her name, put, and this is one of my statements, I want the story to be culturally re-centered in England. Gary and Mary both have english sounding name and most of the fans know that Ib’s real translation would be Eve. So Eve it is!

What are your statements?

The story is based in England, contemporary to our time, or so...

Ib will be named Eve

Weiss Guertena was contemporary to Pablo Picasso (Since his name might be a hint to Guernica), born in the early 1900s he saw both world war one AND two. Weiss is a german name so his art was marked with pain and suffering. He might even have been one of the artists Nazi’s censored, hens the lost creations that can only be found in the fabricated world. He died without finishing his last painting.

Mary is an unfinished piece of art. She will mostly be herself but I want to accentuate her merry and playful personality. Even if she is older than 10 she had nothing to educated her so she stayed at a 10 years old mental age.

The museum is not ABOUT Guertena’s work. It’s an exhibition only.

Gary will know be a student at the Beaux-Arts, hens the fact he also fall in the fabricated world. He is 20, young, unsure, usual Gary. He as a strong liking for art in general, even if he doesn't truly understand it, as he his still young and naïve. 

Eve is a very stoic character in the game, but as you might imagine, it won’t work in a film point of view. So i could give her more emotions but that’s not what I’ve decided. I think Eve will be autistic. She doesn’t talk much, she has strange ways to show her emotions and she will be really sensitive to art, hens her falling into the fabricated world. It will create a real alchemy between her, a real person who is hard ton apprehend, and Mary, a creation that paradoxically feel more “alive” than Eve. On the surface of course. 

The animation will be a mixe between 3D for the character and 2D to enhance the immersion into Guertena’s tortured artistic world.

If you have any question I will glad to answer !

A

SYNOPSIS ON

INFRASTRUCTURE DEVELOPMENT IN INDIA USING EXTERNAL COMMERCIAL BORROWING (ECB)

  UNDER SUPERVISION OF:

………………………..

  SUBMITTED BY

NAME :

ENROLLMENT NO :

  Submitted in partial fulfillment of the requirements for qualifying

MASTER OF BUSINESS ADMINISTRATION (IB)

INFRASTRUCTURE DEVELOPMENT IN INDIA USING EXTERNAL COMMERCIAL BORROWING (ECB)

  Submitted By:

Enrollment No. :

Name :

Area of Specialization : MBA (IB)

Title of the Project :

External Commercial Borrowing (ECB)

Name of the Study Centre :

Study Centre Code :

TITLE OF THE PROJECT

  INFRASTRUCTURE DEVELOPMENT IN INDIA USING EXTERNAL COMMERCIAL BORROWING (ECB)

STATEMENT OF THE PROBLEM

This study will help in establishing impact of various issues on the External Commercial borrowing in the current liberalized scenario, which is a new phenomenon in Indian external commercial sector. Interrelation of various macro economic factors with commercial sector investment perspective will be done. It will also try to identify various regulatory issues, which money market and banking setup are trying to cope up with while lending to power projects. Study will also contribute significantly towards finding innovative ways to meet requirement of infrastructure developing sector.

Due to rapid industrialization and growth of population, India requires huge amount of power. By 2030, India requires an additional power generation capacity of 550, 000 to 850,000 MW. Moreover in India power generation through hydro power is still not tapped completely. According to report, over 150,000 MW of Hydel Power is yet to be tapped in India. The supply of power is less than the demand. The situation is that there are all India average energy shortfalls of 7% and peak demand shortfall of 12%. Alarmed by the increasing gap in supply and demand government has taken various initiatives in policy, regulation and taxation etc., which are likely to boost investment in all segments of power sector.

Infrastructure Development had been in the public domain since its inception way back in 19th century. Most of the infrastructure was created and operated by central government, state government, agencies and undertakings in government domain at various levels. It was mounting technical & commercial losses and widening gap of supply & demand, which forced government to start reform process in power sector. Indian Power sector has been opened up for private sector effectively only in late nineties and afterwards. Necessary regulatory framework and policy has been brought out in 2003. Government has already initiated unbundling of vertically integrated state electricity boards in most of the states in country. Government has also set to privatize the distribution circles whereas the regulatory authorities have come out with tariff reforms to boost investment.

Not much contribution has been made in Infrastructure sector financing by private sector

OBJECTIVES OF THE STUDY

Comparative performance analysis of various channels and institutions financing power sector and innovative methods adopted by PFC. (Channels taken as Bonds markets, Stock market, ECBs, domestic debt market, governments. Institutions taken as banks, insurance companies, pension funds, mutual funds, bilateral and multilateral bodies) Identifying limitations of PFC and concerns of various sources currently financing power Sector.

Formulating strategic measures required to improve availability of low cost and long term finances to power sector channeled by the PFC. (relaxing exposure norms for banks, SLR status to power sector bonds, review of cap on all-in-cost to borrower for ECBs, channelising insurance and pension funds for long term financing and downward revision on interest rate for loan under APDRP)

Finding out new possible innovative ways of funding to be adopted by PFC in near future. (Big and cash rich clients like industrial houses , railways, hospitals etc. can be roped in to contribute equity capital in lieu of subsidized and uninterrupted power supply. Leasing out adjoining land for commercial usage)

RESEARCH METHODOLOGY

The project being undertaken is exploratory research. Where in all these approaches of exploratory research like:

It is a way to systematically solve the research problem. The research methodology includes the various methods and techniques for conducting a research. Research is the systematic design, collection and analysis and reporting of data and finding a solution to a specific situation or problem. D.Slesinger and M.Stephenson in the encyclopedia of social sciences defines Research as, “ The manipulation of things, concepts or symbols for the purpose of generalizing to extend , correct or verify knowledge, whether that knowledge aids in construction of theory or in the practice of an art.” Research is, thus, an original contribution to the existing stock of knowledge making for its advancement.

PRIMARY DATA: Most of the information will be gathered through primary sources. The methods that will be used to collect primary data are:

a) Questionnaire

b) Interview

Questionnaire – It consists of both open ended and close ended questions.

SECONDARY DATA: Secondary data that will be used are web sites and published materials related to ECB as well as any relevant information infrastructure development in India. And secondary data in the form of internal sources come from books and internet.

Secondary data from various

Magazines Newspapers Internet, etc

  CRITERIA FOR SELECTION:

A criterion for Information in this work will be sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to many paid databases. Few important entities which are involved in Infrastructure development sector financing are as follows:

(i) Planning commission

(ii) Ministry of Finance

(iii) Ministry of power

(iv) Reserve Bank of India

(v) Power finance corporation

(vi) Rural Electricity Corporation

(vii) Central Electricity Authority

(viii) Stock Exchange Board of India

  Data relating to operations and performance of all these entities will be collected.

(a) Interviews with finance experts and executives, directly involved with power sector financing will be conducted to the extent possible. Data so collected will be primary data and will help in doing qualitative analysis. It will also help out in carrying SWOT analysis for power sector financing and ECB.

(b) Balance sheet of various companies in power sector will be analyzed for preceding five years. Changes in capital structure of these companies will help in analyzing current investment scenario.

(c) Mega Power Projects have come up recently and are in the process of completion. Investment data from these projects will help in getting most recent trends in power sector investment. This data is available from Power Finance Corporation, which has emerged as nodal agency of central government for investment in power sector.

    METHOD USE TO CLASSIFY DATA:

Data Analysis & Interpretation – Classification & tabulation transforms the raw data collected through questionnaire in to useful information by organizing and compiling the bits of data contained in each questionnaire i.e., observation and responses are converted in to understandable and orderly statistics are used to organize and analyze the data. ¨ Simple tabulation of data using tally marks.

¨ Calculating the percentage of the responses.

¨ Formula used = (name of responses / total responses) * 100

Graphical analysis by means of pie charts bar graphs etc.

NUMBER OF RESPONDENTS

Total samples of 50 respondents were contacted who responded to the questionnaires.

AREA OF STUDY

Infrastructure development in India

  COMPANY PROFILE

PFC was set up on 16th July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The Corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956.

The Corporation is registered as a Non Banking Financial Company with the Reserve Bank of India (RBI). RBI, vide its revised Certificate of Registration no. B-14.00004 dated July 28, 2010 classified the company as an ‘Infrastructure Finance Company (NBFC-ND-IFC)’.

PFC, which has entered its Silver Jubilee Year in 2010, is a Schedule-A, Nav-Ratna CPSE (conferred by Govt. of India on 22nd June, 2007) in the Financial Service Sector, under the administrative control of the Ministry of Power. Its Registered and Corporate Offices are at New Delhi.

PFC was incorporated with an objective to provide financial resources and encourage flow of investments to the power and associated sectors, to work as a catalyst to bring about institutional improvements in streamlining the functions of its borrowers in financial, technical and managerial areas to ensure optimum utilization of available resources and to mobilize various resources from domestic and international sources at competitive rates.

Techno

  QUESTIONNAIRE

  Q1. What do you thing ECB help in developing the Infrastructure in India at higher rate?

Yes No

Q2. What is the attitude of PFC for the ECB?

Positive Negative Neutral

Q3. If you that the PFC is always ready to adopt the new ideas & strategies in the market.

Yes No

Q4. The rate of interest in the ECB is less than the Local Indian Market.

Yes No

Q5. If PFC is facing Problem of higher rate of interest prevailing in Indian Market?

Yes No

Q6. If the ECB is the Best Option for the PCF.

Yes No

Q7. Which country you will prefer for ECB?

USA

JAPAN

UK

Singapore

Q8. Do you think the Infrastructure development will go on high race by ECB?

Yes No

Q9. If Indian Laws Come across the ECB?

Yes No

Q10. If the ECB is the only best option for the Municipal Infrastructure finance in India?

Yes No

  7. REFERENCES

1. Venketesan, R. & Varma, S. (1998), Policy Competition Among States in India for Attracting Foreign Direct Investment, National Council of Applied Economic Research, New Delhi.

2. Electricity Trading In Competitive Power Market: An Overview and Key Issues ; Prabodh Bajpai and S. N. Singh; International conference on power systems, ICPS2004, Kathmandu, Nepal (P110)

3. Maitra, S. (1999) ‘Financing Urban Development: Flow of Funds from External Sources’, a paper presented at the National Workshop on Urban Agenda in the New Millennium, organised by School of Planning, Centre for Environmental Planning and Technology and UNNATI, supported by Oxfam (India) Trust, Ahmedabad, July 23-24 and also published in urban affairs journal ‘NAGARLOK’

5. www.careindia.org

6. http://www.business-standard.com/india/news/centre-confidentmeeting-power-sector-targets/349502/

7. Pvt investment in power sector — Planning Commission expresses reservation on BOOT/BLOT concept by G. Srinivasan, Business Daily from THE HINDU group of publications, Tuesday, Apr 07, 2009

8. http://www.emecklai.com/mecklai/forex/regulatory/NTFxECB3Mc.html

9. The report on 1 7 th Elect ric Pow er Survey of I ndia has been published by Cent ral Elect ricity Authority

10. Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries:A Case of the Indian Power Sector: Anoop Singh: ADB Institute Discussion Paper No. 64

11. UNDP / World Bank (1999), Global Energy Sector Reform in Developing Countries: A Scorecard, Energy and Mining Sector Unit, World Bank, Washington, DC.

12. http://www.ficci.com/media-room/speeches-presentations/2007/sep/sep20-electricity-sushil.htm

13. The World Bank. “The World Bank’s Role in the Electric Power Sector: Policies for Effective Institutional, Regulatory and Financial Reform.” Policy Paper, 1993, p. 14.

  8. CHAPTERISATION

Detailed/final Project Report will include the following chapters

Chapter –I Introduction

Chapter –II Objective and scope of study

Chapter –III Methodology

(Details of methodology used in studying and collecting the data and issue will be described)

Chapter –IV Descriptive work

(Descriptive work on the topic, this chapter will include analysis and interpretation of data tabulation and categorization)

Chapter –V Study report

(Study report of other researcher will be observed and analyzed)

Chapter –VI Conclusion

Chapter-VII Findings

Chapter –VIII Limitations

Chapter –IX Recommendation

Chapter –X Bibliography

Chapter –XI Appendix-1