Carpe diem 2017-at IIM-C

Final Round of Carpediem 2017 will be held on 28th and 29th Jan 2017 in KolKota where students from various colleges all over India will participate for the coveted  prize and glory.

Preparation starts much earlier for the event.

Certificate IIM Sample certificate
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The Carpe-Diem workshop was conducted on the18th and 19th of February,2016 in the Gurgaon campus. This workshop covered two topics namely : Entrepreneurship and Digital Marketing.

The purpose of this workshop was to make students aware of what digital marketing is, and how along with entrepreneurship, one could move forward and start their own venture. Also at the end of two days, 5 students were awarded merit certificate and  selected to compete in a nation-wide competition in IIM-Calcutta in January 2017.

The two day workshop was conducted by Mr. Ujjwal Chugh. He is one of the best orators I’ve come across. The moment he started speaking, all students were pulled in, and were not even bored for a second in those two days.

Students were taught the basics of digital marketing and how entrepreneurship and digital marketing as a whole inter-twined and went hand in hand. They also learnt what is SEM and SEO, how to create a domain name and how to start own website if one wanted to. It was also demonstrated by running a live campaign.

31 students participated in the workshop, at the end of the two days, 5 students namely – Mahipal Jain, Vijaydeep Dhasmana, Surabhi Bhatia, Riya Garg and S.Swetha were selected to compete in the nation-wide competition to be held in Calcutta in 2017.

 

Pravasi Haryana Divas 10-12 th January 2017

The government of Haryana in collaboration with Confederation of Indian Industries(CII) and Federation of Indian Industries(FII) organised  this two day event of Pravasi Haryana Divas on 10 – 11 January 2017 in Kingdom of Dreams, Gurugram with the objective to recognise the achievements of NRI’s and PIOs of Haryana. It was not  exclusively for the NRI’s , additionally, every one of the general population who are currently settled in different locations in India and whose roots are from Haryana were reconnected to their underlying foundations with a specific end goal to tap their energies later on in improvement of Haryana and make a cooperative energy.

On 10th and 11th of January some students from IILM, Gurgaon participated as volunteers in PHD 2017.The event saw participation from stalwarts of politics,sports and Films.

VIP Guest list include

Honorable  CM of Haryana- Shri M.L. khattar, Honorable Union minister Smt. Smiriti Irani, Honorable Union minister Shri Piyush Goyal, Shri kapil dev (cricketer) , Sonu Nigam (singer), Mr. Vijender (Boxer), Geeta and Babita Phogat (Wresling- Dangal fame), Randeep Hooda (Actor), Joginder sharma (cricketer) , Dr. Subhash chandra (Member Rajya Sabha) and many others.

It was our pleasure to be a part of such prestigious event. We thank the Mr. Deepak Jain- Secretary General of FII to give the students of IILM, an opportunity to associate with the mega event. I see this event as a great opportunity to enhance their management and networking skills. Meeting people who came back to their motherland after so many years and talking to them about the developments of India, the power of Indian youth and the power of the country was indeed a great affair.

We started as a part of this event on 9th January in kingdom of dreams whereby we met, Mr. Deepak Jain – Secretary of FII, Mr. Rachit and Mr. Gaurav, officers of FII, who briefed us on the event and invigorated us to feel pleased about being a part of this event. By night, we were altogether assigned with our obligations at different locations where, we had visitors from India, as well as all over the globe.  On 10th January, we, a team of 5 students, left  early morning. On reaching our respective locations, we met various teams IMG_20170110_090159 IMG_20170110_131128 IMG-20170111-WA0002 IMG-20170111-WA0004 IMG-20170111-WA0063 IMG-20170111-WA0064 IMG-20170111-WA0070 IMG-20170111-WA0086 IMG-20170112-WA0008 IMG-20170111-WA0013from wiz craft, make my trip, officials from CII and FII. Interfacing with them help us know more about the corporate world, the difficulties confronted in the corporate world and a more extensive skyline of the economy was investigated. Certainly, it was a test of the communication skills we had. By evening, we were all invited to the main venue i.e. Kingdom of Dreams, where we had the opportunity to interact with more delegates and celebrities. By night, we were altogether welcomed to the primary setting i.e. Kingdom of Dreams, where we had the chance to connect with more delegates and big names. On, eleventh January likewise, we were at the focal scene dealing with the occasion and attempting and connect with the delegates.

On an entire, I see this 2 day occasion as an open door which permitted me to learn corporate conduct, enhance my networking skills, organizing aptitudes and for all intents and purposes confront the different periods of administration, which I had hypothetically seen yet. Being placed in the front, whereby we would meet the representatives first then the authorities and attempt and encourage them in the first place, was leverage for us. Knowing the encounters of individuals who left India long back and now wished to return to their countries, made us feel devoted many times and surely, this occasion amplified the adoration for our nation in our souls.

After the event CM of Haryana  met some students ,praised their efforts and wished good luck to them and IILM.

I want to express gratitude toward Vishal sir , FII and CII group to give us the chance to be a piece of this super occasion.

  • Kanav Goyal (PG1)

Smart India hackathon 2017

Students of IILM, Gurgaon are regularly participating in “Smart India Hackathon 20117” an initiative by AICTE for promoting inclusive innovation. Live videos are regularly streamed in the campus for students to get awareness about the initiative and also they can post their queries through facebook and twitter.

It all started from 16th December 2016  and since then various sessions on different topics are taken by experts and Office bearers from AICTE  in the month of December 2016 and January 2017.

Tomorrow (23 dec banner_facebook_leadershipTalk_AbhayJ_218/1/17) also we are arranging for live streaming of session by Union Minister Mr. Prakash Javdekar. 23 dec 1 AICTE IMG_20161216_142504

FICCI HIGHER EDUCATION SUMMIT 2016

THEME:-LEARN IN INDIA – LEARN FOR THE WORLD

 

Students of IILM Institute for Business and Management attended the global conference & exhibition at Vigyan Bhavan, New Delhi. The conference was organized by Federation of Indian Chambers of Commerce & Industry(FICCI) in partnership with Ministry of Commerce and Industry, Government of India. More than 1000 national and international delegates including Indian and foreign University Presidents, Vice Chancellors and Deans participated for deliberations on Future of higher education. Participation from 60 plus countries from EU, UK, Canada, USA, Africa, Middle East, SAARC, CIS etc.

The program started with the distribution of green card certificate to the guests followed by special address in the following manner:

  1. Mr Harshavardhan Neotia, President, FICCI(Welcome Address)
  2. Dr Rajan Saxena, Chairman, FICCI(Theme Address)
  3. Ms Martine Reicherts, Director general, EU, Education & Culture(Special Address)
  4. Ms Nirmala Sitharaman, Minister of state for commerce & industry, Gol(Ministerial Address)
  5. Mr N.Chandrababu Naidu, Chief Minister, Andhra Pradesh(Keynote Address)
  6. Mr Sudhanshu(Concluding Address)

 

KEYNOTE ADDRESS:

The Chief Minister of Andhra Pradesh “Mr N.Chandrababu Naidu” was the key note speaker of the summit who claimed to achieve largest higher education market by year 2025 and wish India to be one of the top 10 countries for education of students. He claims that the principle goal of the summit is to do promote new steps rather than repeating old ones. He claims education is key for:

  • Wealth creation
  • Poverty eradication
  • Value promotion

Key takeaways-

According to a survey by British Council,

  • By 2025, India will have the best domestic Higher Education and India will be the 2nd largest supplier of International students.
  • India will have a position among the top 10 host countries for International Students.
  • Education is the key to wealth creation , civilisation and eradication of poverty.
  • FICCI and CII are involved in the continuous promotion of Human Resource Development.
  • In the current 4th Industrial revolution of technology and Internet of Things , IT is the main asset India currently possesses.
  • Education Institutes in India are focusing on delivering applied knowledge in the form of research projects , Field etc.
  • Among Top 10 Educational Institutes in India 3 are from Andhra Pradesh Also the first University to get International Ranking is from AP.
  • India is the single largest provider of global talent, with one in four graduates in the world being a product of the Indian education system
  • Major challenges – Student teacher ratio , Capacity building ,incubation centres funding and digitalisation.
  • 2 MOU’s signed with Government AP –One for opening an Engineering College and One For setting up a FICCI centre of Excellence in Amravati.

 

 

CONCLUDING ADDRESS:

 Mr.Sudhanshu Pandey (Joint secretry- Ministry Of Commerce)

“Education cannot be stolen by a Thief

Education cannot be acquired by a King

Nor can it be divided among Brothers.”                                             

Key takeaways-

  • Globalisation means taking the best services in every way.
  • To become a responsible supplier of education , we need to improve on -State of education in the country & Recognition of Institutes and Courses
  • Industrialists need to contribute to the development of Higher Education.
  • If we give education to others – it multiplies and even we learn more.

 

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Event – ISTD – Gurgaon Chapter:

Theme: People, Technology, Innovation – The Key drivers for Make in India

 

The Indian Society for Training and Development, on the momentous occasion of its 3rd foundation day hosted a conference on the 28th of October with the theme of the event being ‘People, Technology, Innovation – The Key drivers for make in India’

With an open to all invitation, the conference aimed at attracting reputed B-Schools and their enthusiastic students to present their own Take on the Make in India initiative launched with pomp and fashion by our P.M. Narendra Modi on the 25th of September 2014.

 

With many a B-School involved, Including the Hosts as well as universities like Ansal University, two groups from IILM Gurgaon also prepared to take centre stage to compete against the other institutions.

 

With the participant’s list counting six teams, the stage was primed for presentation amidst a stellar judges panel along with the presence of distinguished guests like Mr. Debashish Sarkar,CGM, SBI and Dr. R Karthikeyan, National President ISTD being the Chief Guest and Guest of honour respectively. The event kicked off with much enthusiasm.

 

The main idea was to assess the Make in India initiative in all its holistic glory through its genesis, impacts, future success and various other parameters.

The teams from Ansal and ISTD Gurgaon chapter certainly proved themselves to be worthy competitors by shedding light on the initiative from different angles which were very enlightening.

Two groups from IILM Gurgaon consisting of Sudhanshu Mewati, Sagnik Das (Group 1) and Rahul Chitrakar, Bharti Goel (Group2) set the stage ablaze with renewed zeal and enthusiasm shedding more light on the Micro-economic and Macro-economic impact of the initiative that is burgeoning the country to greater heights. Shedding light on not only the global but the domestic (Immediate) impact of the initiative gave one Team of IILM,Gurgaon(Bharti Goel/Rahul Chitrakar) the competitive edge, which was appreciated by the judges as a refreshing touch which substantiated all the facts we so eloquently put across; which was validated by the fact that IILM Gurgaon Bagged first prize for its presentation of what Make in India Holistically stood for and represented.

 

The Competition/Conference in its entirety was an extremely fruitful affair for students  because it was such an enriching experience to have had an opportunity to present amidst so many able competitors and a stellar panel of judges. This level of exposure and experience is priceless. and students also feel honoured to have been given a chance to represent the College at such a platform.img_20161028_173103 img_20161028_182623 img_20161028_185800

Finance and sports club activity- MASTER’S SUPER LEAGUE

img_2523 img_2462 img_2391MASTER’S SUPER LEAGUE

been six months and we have taken part in many activities be it HR, Marketing or finance activities. But this time we came out with an idea to merge two clubs i.e finance & sports into one mega activity.

In this way the idea of MASTER’S SUPER LEAGUE –“TUG-O-WAR” came into picture through brain storming among first year PG students. We came consensus that we will have an auction before the game. The real motive to bring auction into the picture was to make the students analysis and implement different tactics and put them in a real time situation like IPL or ISL’s auctions.

On 21st DEC 2016, we scheduled the auctions ceremony, there were four franchises comprising of two teachers and one student for their help. The auction lasted for one hour and the energy level was quite high from the franchises. The focus was to make a team of four boys and three girls as this was the mandatory criteria. But for the backup purpose spare players were added into the squad. Money was the constraints as virtual money of INR 50 million  were awarded to each franchise. So, it was very much difficult task that “where to invest and how to invest”. On the block there were 30 boys and 20 girls to be taken into teams. Base price for each female player was kept at 2 million and for each male player at 1 million after the end of many rounds of fierce bidding and counter bidding & auction every franchise was satisfied with their team they have bought.

 

On 22nd DEC 2016, the day came when these franchises were competing against each other. There were semi-finals and finals as there were only four teams. Looking at the teams’ one could easily estimate that the game was going to be very impressive as well as aggressive. And yes we can’t forget the roaring voices and thundering claps of the crowd’s cheering for their favorite teams. After six block buster rounds (including tie breaker) and many bruises in the hands of players, we had a winner in front of our eyes.

 

Many of us will think that tug-o-war is only based on strength but by combining auctions and providing money constraints we were able to introduce mind games.

VITTIYA SAKSHARTA ABHIYAN (VISAKA) – A Campaign for Digital Economy

#deshbadalrahahai

Taking cue from Modi Governments initiative on cashless economy  , IILM also encouraged its students and faculty members to not only adopt digital payments methods in their day to day life but also try educating at least 10-12 people around their neighborhood to start using these methods.

I have taken a session with our under graduate and post graduate students on this subject and train them on various methods of digital payments.

  1. USSD(Unstructured Supplementary Service Data)
  2. AEPS (Aadhaar Enabled Payment System)
  3. UPI(Unified payment interface)
  4. POS(Point Of Sale)
  5. Credit/Debit cards
  6. E Wallets
  7. Micro ATMs
  8. Internet banking
  9. Mobile banking
  10. Ru Pay cards

Two team of students are specifically assigned the task to educate people in nearby villages about these methods and also encourage them to adopt to new technology without fear and apprehentions. One of the teams is only comprising of girls under GIRL UP club to approach women in areas with high concentration of BPL families and educate them,because if a women is educated whole family becomes educated.img-20161222-wa0014

BUDGET 2015 – A Trailer to “ACHHE DIN”

The new Modi Government came to power with the motto of “Achhe Din”, which ensured that the government would try and focus on creating a better environment for all concerned. Every year when the budget is to be presented, the Finance minister is faced with a dilemma and more so when it’s a first (full) budget from a new government. He is faced with a choice of whether to go for a populist budget to have a good initial first impression of the government or to take a risk, which he was suggesting to previous finance ministers, while sitting in opposition.

SEE ALSO: Mr. Arun Jaitley’s Fine Balancing Act | Annual Budget 2016-17

The budget this year seems to be bent towards the risk taking and experimentation; even though not many bold steps have been taken yet, as was expected from the government. However the budget did provide an inclination of what is to be expected in the coming years.

Just like the finance minister, as citizens we too are faced with a choice. We may either focus on what’s not being done and complain, or align our thoughts on what all has been undertaken and critically assess the implications. I would rather take the latter option i.e. focus on the steps undertaken and the direction of these steps; and how they may impact an individual, the society and the economy as a whole.

As is known, India’s Economic Growth is pegged at 8% by 2017, as per the World Bank reviews. In my view the budget this year is a pragmatic budget while also being growth oriented. Whenever experts analyze a budget they focus on deficit and its effect on inflation, though there is no empirical evidence of the linkage between the two. Let’s not focus too much on figures and the technical jargons, which only the CA’s and financial analysts might understand, because in last 67 years we have seen that jargons can’t lead to solutions. Let’s focus on actual steps taken.

In my opinion the idea behind the budget this year was to De-bottleneck the economy, and to simplify certain processes. One of the major reforms in budget is focusing on financial inclusion, which of course is in line with the overall governmental policy. Even after 65+ years of independence, a large part of our population operates outside the organized financial sector. Hence steps like linking Adhaar to direct cash      benefit transfer, RuPay cards Jan dhan yojna and increasing mobile banking, all seem to be directed towards the right direction. This time Indians have liked the JAM (Jan Dhan-Adhaar-Mobile)!!!

Mr. FM has perhaps taken cues from the old Rabbit-Tortoise story that slow and steady wins the race, so he has shifted focus of the government from interfering in the economy directly in the form of subsidies and exemptions; to a new role of providing stimuli to the economy in terms of better infrastructure. The National Investment and Infrastructure Fund (NIIF), to be established with an annual flow of Rs. 20,000 Cr. indicate the government’s motive of creating ease of doing business. This seems to be in line with the “Make in India” Campaign. One such example is Plug and Play power projects, so now those private players who are investing can be sure of immediate/early starts of projects and reduced uncertainties. Another example is, The Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors. (SETU) Self-Employment and Talent Utilization to be established as Techno-financial, incubation and facilitation programme to support all aspects of start-up business. Rs. 1000 Cr. is proposed to be set aside as initial amount in NITI in order to facilitate SETU. Though one can’t expect immediate results from these steps, but if properly and honestly implemented they will be very highly fruitful in long term and can prove to be real game changers for India as an economy.

Some of us may not like postponing of GAAR once again, believing it to be reason of huge revenue loss for the government. In my view what we need more at present is not revenue but the trust of the investors and assuring them of at least a predictable tax regime. There is no harm in catching those who evade tax but investors must also be assured that their past files will not be opened arbitrarily.

Another major step to be hailed is enlarging the scope of SARFAESI (The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and bringing large NBFC’s within the definition of financial institutions. This step is bound to speed up the process of recovery of NPA”s and there by improve the balance sheets of FI’s. Now they can lend to SME’s and mid- sized corporates without the fear of being caught up for years in legal battle for clearing NPA’s. However, at the same time they would have to ensure that they adhere to the Capital Adequacy Norms laid down by the Government from time to time for Financial Institutions. This would in turn ensure that unnecessary risk is avoided and loans are directed towards credit worthy lenders. Creation of MUDRA bank with a corpus of Rs. 20,000 Cr seems to be a step in this direction.

Another big step towards a larger economic and social goal is “Pradhan Mantri Suraksha Bima Yojna”, wherein everybody is to get accidental insurance of Rs. 2, 00,000 at a very nominal cost of just Rs. 1 per month, which was long awaited. In a country like India where a huge chunk of the population is poor, this can be a real game changer for society in long run. “Pradhan Mantri Jeevan Jyoti Bima Yojana” to cover both natural and accidental death risk of Rs. 2 lakh at premium of Rs. 330 per year for the age group of 18-50; as also the introduction of “Sukanya Samriddhi Account Scheme”, all seem to be welcome steps. Contribution to such schemes will be eligible for tax rebates under section 80C. Clearly, this Budget has focused on developing a robust social security system, which had been put on the back seat for long now.

The service tax increase from 12.36% to 14% (may be 16% after Swatch Bharat Cess) is a bit of a dampener, since it raises concerns of inflationary pressures on economy. The only justification being is the intention to rationalize and simplify the indirect tax system, as a prerequisite before the implementation of GST. The government’s commitment toward implementation of GST from 1/4/2016 is again highlighted in the budget. This again gives hope of a simplistic and understandable tax regime in future, which not only will reduce hardship of taxpayers but will also reduce administration and supervisory cost of the government in terms of tax regulation.

Reduction in corporate tax by 5% in next four years is though not a very populist step in the eyes of large population of India. This was required to give Indian corporates a level playing field in competitive market as their counterparts in other countries are paying less tax.

Some noteworthy steps have been taken for the capital market as well, which seem to be intended towards bringing the investor’s confidence back. Major steps like the proposal of Forward market commission to be merged with SEBI thereby giving more power to SEBI, the proposed introduction of India financial code, Public Debt Management Agency (PDMA) to be set up this year; are expected to bring both external and domestic borrowings under one roof. Gold Monetization, which will allow the investors to earn interest or take loan on gold, will also help in mobilizing the dead assets of households, towards the creation of economic capital. All these steps have been taken, keeping in mind the long term horizon and to set a platform for India to gain competitive advantage on international stage.

So in conclusion, it can safely be assumed that the FM has set up a multi cuisine buffet which is looking promising. What remains to be seen is how well it is served and executed, is it delicious enough for the country, and whether it will be able to satisfy the taste buds of not only more than 125 Cr Indians, but also the foreign investors who are seeking India as the fastest growing economy in near future. The planning seems to be good, and the execution needs to be better. It is a game of wait and watch.