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Comparison between two retail companies picked are Walmart and Costco

The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
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Whopping Compensation of Rs1 Cr. for Medical Negligence

In a landmark judgment the Supreme Court of India has directed Nizam’s Institute of Medical Science, Hyderabad to pay Rs one crore or INR 10 millions for carrying out wrong surgery on Mr. Prasant S Dhananka decades ago. Mr. Dhananka underwent an operation that turned him paralyzed for life at the age of 19. It is only his spirit of perseverance that he fought the compensation case for more than 15 years and finally got the order from the Supreme Course. Though earlier he was awarded compensation of Rs 15 lakh by National Consumer Court but he decided to proceed further claiming compensation amount Rs 7 crores. The Supreme Court fixed the amount of compensation of Rs 1 Crore, first time ever in the history of consumer compensation in India. In fact amount of compensation is reached, in case of medical negligence, considering the age, potentiality and value of lost opportunities in victim’s life. But the Supreme Court in year 2000 expressed its views while giving verdict in “Charan Singh Vs Healing Touch’ case, that the compensation amount should bring the errant service providing hospitals in senses.
In India the cases alike Prasant are rampant, very few can afford to seek the judgment from court of law. Imagine the plight of them as his, having lost the most vital period of life; can any amount truly compensate their losses? Those who venture; they are harassed by the hospitals to such an extent in Indian legal system that most of the cases are dropped. It is equally difficult to get evidence against the errant doctors; because eventually that has to be drawn from the people of same profession. Filing compensation case before consumer court for medical negligence requires written statement from specialist doctors. It is a far cry, since the government has failed to create a panel of independent and impartial doctors to do such jobs. Given the existing situations in our irresponsible medical service, with little hope of getting justice or compensation, the chaos and devastation carried out by frustrated public in hospitals time and again is but natural!






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AMIT said…
Oh this was indeed a bad thing happened on that person.

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5 June 2009 at 07:11
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