Business Makers

Environmental pollution poses a serious threat to human health and quality of life.� Pollution makes air harmful to breathe, water unsafe to drink and land unfit taj live on.� Control over environmental pollution is necessary due to the following reasons:

• To Reduce Health Hazards: Environmental pollution is a major cause of cancer, lung and heat diseases.� These diseases have become leading cause of death in modern society.� Most of the health problems which women and infants face arise from the environment in which they work and live.

• To Reduce Safety hazards: Air pollution caused by oil refineries sand other industries leads to poor visibility.� As a result automobiles on highways and aircrafts trying to land or take off from airports face hazards.� Poor visibility has were the cause of serious accidents.

• To Reduce Economic Loss: Pollution spoils clothes, vegetation, livestock, and buildings.� Pollution control is necessary to reduce the damage.� It will reduce washing expenses and cost of repair maintenance of buildings.

• To Reduce Inconvenience: Pollution of rivers and lakes makes them unfit for swimming and fishing.� Air pollution causes eye irritation and respiratory problems.� Air pollutions obstruct normal conversation.� Control over pollution can avoid such nuisance or discomfort.

• To Improve Quality of Life: Pollution control helps to improve the quality of air.� It prevents blackening of buildings by pollution.� For example, environmental experts have stressed the need to protect Taj Mahal from the pollution caused by Matura refinery Pollution control will also reduce foul odours.

Pure and Speculative Risks Pure risks cause a loss and a businessman cannot make profit out of them.� These risks may arise form accident, fire, theft, strike, and others.� These are not inherent in business.� On the other hand, speculative risks are inherent in business and a person may either suffer a loss or earn a profit.� For example, change in demand may cause speculative risk.

Internal and External Risks Internal risks rise due to internal factors, e.g. breakdown of machinery, accident, etc.� Such risks can e minimized.� Risks arising from factors beyond the control of a firm are external risks.� Flood, earthquake, change in market conditions, government policies and others are causes of external risks.

Property and Personal Risks Damage or destruction of property are property risks. Injury or loss of life due to accidents, occupational diseases, etc. is personal risks.

Insurable and Non-Insurable Risks Insurable risks are hose which a can be insured it is possible to determine he probability of such risks.� No-insurable risks cannot be insured because their probability cannot be determined.

A well known name automobile industry in India TATA motors chairman Ratan Tata said that they have good expectation in automobiles area in United Kingdom, in a likely recurrence of his significance in Land Rover and Jaguar. On the occasion of inauguration of Tata Corus plant at Netherlands.
While everyone expecting that he will not comment on the deal itself, “This process is on his path and it is practically private”. Tata motors have show interest in the ford’s Land Rover and Jaguar brands. According to expert opinion this deal will be worth more than USD 1.5 billion.
TATA motors great value in Indian automobile industry and now waving in wing by expanding and forwarding their steps toward global market. TATA earlier announced his 1 lakh car project in which they introducing a car worth Rs. 1 lakh. Let’s hope for the best as it will soon be on news.