2/9/2013 Monday

GYAN VIHAR ISBM HULCHAL

FDP by CIMA
Inside this issue: Virtual Trading Idea Master Gully Cricket
The downfall of Rupee
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29th-30th August, Faculty Development programme (FDP) was conducted by ISBM with Charted Institute of Management Accounting (CIMA) in the presence of Dr. Ram Garg with the guidance of Dean ISBM. In the programme Honble Vice Chancellor Prof. Dr. D.N. Rao and CIMA members informed the students and the faculty members about the importance of management accounting

profession and about the courses on management accounting. They also informed about how most accounting qualifications train people for private practice, working on external audit and tax issues. Whereas CIMA prepares people for a career in business. It teaches skills for strategic advice, managing risk and making key decisions. ISBM has launched B.Com (Honors) + CMA in collaboration with CIMA.

New in ISBM
There is a commencement of a new club in ISBM, The Loudspeakers, which will be focusing on the development of the students in communication skills. More information on page 3.

Management Magma
International School of Business Management Suresh Gyan Vihar University organized 2 days Programme - Management Magma which was based on Stock Master Virtual Trading and Idea Master innovative & creative ideas on 26th & 27th August2013. The Core Objective behind organizing this event was to help equipping students with innovative skills and creative plans that are essential for inculcating entrepreneurial values in students.

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we need to read - Mr.Ishu

26th August, the day was enlightened by a Inspirational and Motivational speech from Mr. Ishu Tayal which was an eye opener to all. Mr.Ishu Tayal (Regional In charge BSE) threw some light on falling currency day by day and its impact on Indian Stock market. He provided some significant guidelines to our students about knowledge and skills which can be acquired by them according to job sector in this market. His guidance was extremely helpful to the students and assisted them in the contest as well.

Idea Master Contest

27th August, the day got all minds running for ideas, Innovative and creative ideas popped out in this contest with varied strategies, prioritization and presentation skills. As a student we always wish and dream to start our own business and making it big and so the contest gave a chance to all the participants to make the dream work. Creative ideas like introducing Campus Store, Spa and Salon in Hostel, Fan Motor experiments etc were amazing experience for all. Ad-Mad Show: The key to successful advertising is doing things differently. Difference is what sells. Difference makes you stay ahead. AD-MAD provided our student an opportunity to showcase their innovative thinking, original ideas, perspectives and insights that make you stand apart from the crowd.

Virtual Stock Trading

26th August, the event of Virtual Stock Trading which is not just a virtual game on trading stocks but it is way too more than that, it requires skills and ample of understanding about the stock market, it is a life time experience, this game gets your heart pounding. The amazing session of this game ended with a lot of experience and learning, students were thrilled while playing this game. Everyone had their moments and will always be remembered by them.

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Play Cricket to Learn Management

24th August, The event of Gully Cricket was organized to develop team building spirit in all the students which is very important to guide and motivate young students to develop spirit of team, coordination and coworker and as a manager or leader to lead in various tasks in the organization. The event was full of enthusiasm and spirit, each team participated with the spirit of sportsmanship. In total 25 teams participated. Every team had an ambition to win, every team gave whatever they had but in the end there can be only one winner. It was such an amazing environment as the teams which were getting eliminated they were not leaving, they were standing till the closure of the event to support their friends in other teams. This can indeed only happen in Gyan Vihar University.

The Loudspeakers
1st September, ISBM has commenced a new club for the students , which is also by the students, this club is for all the students who suffer from stage fear, who look forward to have a control on the English language, who want to communicate in English as if it were their native language. This club also focuses on the writing skills, article writing will also be a part of this club. Students seems to be very energetic about the club especially the newcomers of the college. This club will also help students to learn how to survive and tackle situation in the corporate world which is very important for the Business Students.

Nothing is Impossible
27th August, Mr. RP Singh (Eminent Speaker) energized the occasion of Management Magma by surprising the students as well as the faculty members by his memory skills. He shared his experience of conscious and unconscious stage of our mind, how we can control our mind and brain with different thought at conscious and unconscious level. He guided us how to be happy and remain happy, everyone must see the positive side not negative side for doing any task and work in an organization.

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The DOWNFALL of Rupee

The Indian rupee is in the state free falling at the moment. In present, one can assuredly buy petrol and onion at the same price, the clock of Indian rupee is perceived to be turning back onto two decades of liberalization. The Reserve bank of India (RBI) has started imposing controls and measures to balance the fainting rupee. Individuals and companies are partially controlled in terms of capital. The poor already didn't have anything to eat and the conditions are drastically getting worse. Are we going to remain a developing country till infinity? There are no changes in the earnings of the people, they still have the same amount in hand with the impossibilities of running there houses. Overseas direct investment (ODI) has been lowered from 400% to 100%, making it burdensome for the locals to buy overseas assets. RBI has also cut back remittances allowed by locals to USD 75000 from USD 200000 annually. Making it seem as a mirage for the Indians who want to own homes abroad. The Indian rupee has fallen to a all time low against US Dollar( USD), the value of rupee against USD is trying to balance itself at 69 in the present. Money is being pulled out by the foreign investor from the Indian economy. There are no new foreign investors lining up, some are even packing up.

The sources of concern for the country are running out of fingers, our country has an expanding current account deficit which further more suggests that the country has to borrow more money from abroad. It's hard to say to which road our leaders are leading us but certainly it's soon going to have a dead end. Our economy is turning out to be a nightmare, the government has also announced to sell government bonds in weekly auction, worth about USD 3.6 billion, so that they can help themselves generate some funds. A hike has also been executed in the short term interest rates to stabilize the financial worth of rupee.

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So far the government has seemed incapable of leading the country and to steep even more low they are pleading the gold obsessed Indians to stop buying gold as it drains foreign exchange reserves. "If I have one wish which the people of India can fulfill, it is 'don't buy gold'," Finance Minister P. Chidambaram told the reporters in June, " Every ounce of gold is imported. You pay in rupees. We have to

Without doubt the whole country's mind is psyched by the morning flashing news of everyday about the ironical journey of rupee, but its greatest emphasis would be felt at the street level, where country's poor and middle class are struggling with the daily cumulating prices of fuel and food as the imports have become expensive. The fall of rupee is more than 20 percent this year alone, which is the greatest fall among the Asian countries tracked by Reuters. India's main National Stock Exchange index fell as much as 3.2 percent, Foreign investors are paring equity positions, having sold a net $3.6 billion in stocks since the start of June, but still their net purchases so far this year total nearly $12 billion.

In bond markets, foreign investors have sold more heavily, with outflows reaching nearly $4.6 billion so far this year. The future of India seems quite unpromising but as they say ' there is light at the end of every tunnel ', lets keep our fingers crossed. Compiled by Mr. Puneet Bafna HOD (PCBBA) Written by Apurv Dadhich BBA 3 rd Sem.

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EDITORIAL (The editor of the newsletter Apurv Dadhich is a student of BBA III Semester in ISBM, he is also one of the promoters of the Loudspeakers, he can be contacted at philnkk30@gmail.com or at : 91-9636309309) This newsletter is a small initiative to connect to the well wishers of ISBM. Please send your articles / reviews / views / experiences so that we may publish these on this platform. This is an initiative to document the various activities taking place in ISBM. Please subscribe to receive this newsletter regularly. In order to subscribe it, please write an email to isbm@gyanvihar.org The subscription fees is that you have to promote this newsletter among your 10 friends. Please provide us their email ids, so that we can send them this newsletter regularly. Your articles and news clippings are also welcome. We shall be delighted to publish them. Any student from Gyan Vihar University or any alumni / well wisher can contribute his articles / notes / writings / photographs for this newsletter. ISBM regularly organizes different activities to develop students. You can also join those activities and contribute to those activities. Some of the forthcoming events / activities are as under : C3W : Convention on Climate Change and Water - 18 and 19 October 2013 (www.c3w.in) Gyan Vihar Commerce Proficiency Test (National Level Test for Commerce Students) Economics and Environment Test (National Level Test Conducted by Rajasthan Economic Association and C3W) Alumni Association Meeting : 10 October 2013 HR Conclave and Entrepreneurs Round Table Conference CSR Round Table Conference 19 October 2013 (during C3W 2013)

From the memories of Alumni

BY : SWATI MISHRA (Swati Mishra is an alumni from ISBM, presently she is working in ISBM itself. She shares here experiences as a student of ISBM)
We used to write case studies and present in our classes as assignments. I still remember that we prepared a case study on Chak De India - it was an OB case study. We organised HR executive workshop (two day workshops) and interacted with HR executives. We used to face deficiency of resources, but we were filled with zeal. However, now we find that resources are there but the zeal is not that much. We didnt have marketing, finance and accounting labs at that time. All my classmates are well settled now. Shruti Jain is working in Dautche Bank. Megha Dusad is working in Ministry of Family Welfare. Ankit Garg is working in Infosys. Amit Sharms is working in SBI as Bank PO. Sumit Khurana is an entrepreneur now and is doing well in his business. Rashi Chhabra is now a faculty member. Neha Hamilton is working as faculty member in Jodhpur. Ayushi is doing PhD in BITS Pilani. Pallavi Purohit is now an entrepreneur and is running a hotel. We participated in management games and presentations in many Business Schools. I still remember that I won prizes in Maharshi Arvind Institue of Management, where I was the winner in Business Games in inter-institute contest. We organised many business quizes and other contests. I still remember the fond memories of organising Inter College Quiz. We were pioneers in many aspects. We started the quaint - two page newsletter, which is still continuing. Swati Mishra (2007-9 Batch)