Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi
Right to information or RTI act dug out many misdeeds in several government organizations. The latest is siphoning off money placing purchase orders for Bisleri Mineral water at inflated rates by different Govt. Deptt. at the same time. The RTI revealed this in details. In the under noted letter I received you may find the names of officials involved in the deals. Of course we have to wait and see; after inquiry who are fixed ! See that amazing amount of exchequer's money is drained out thus! 1. " Different Ministries/Departments procure Mineral water (packaged drinking water) to fulfill requirement of drinking water for its employees, preferably senior level officers. But the sad part of this is that, while M/o Agriculture (Department of Agriculture & Cooperation) is purchasing 20 Ltrs. Jar of Bisleri Mineral water @ Rs.50/- per jar, the same is being purchased by M/o Urban Development @ Rs.78/- per jar. M/o UD purchases nearly 1200 jars per mo