Time to Pass the Baton on to the Younger Minds and Stronger shoulders

CLAIRVOYANCE BLOG PROUDLY WELCOMES OUR NEWEST MEMBER

NEELABH MANOJ

As Admin and Founder of IILM Clairvoyance Blog, it has been a very emotional journey with a very steep learning curve for me to start this forum as a one stop shop for a mirror we wanted to show to the outside world about Life :Academic and Non Academic at IILM Greater Noida

I have been very proud of my team members : Aditya Chaturvedi, Ankush Soni,Manish lakchaura,Gagan Karwar,Ria Arora,Supriya Kumari,Gagan Karwar,Atul Tomar,Saurabh Mishra,Raavi Katyayan and also would like to thank our benefactor and Motivator Mr Anand Rai,Mrs Aarti Rai for reposing faith in me and the team I chose.

My heartiest regards also to my Co-designer of the Blog Platform Anoop Tripathi and Special thanks to Dean(Admissions) Sonika Ma'am for her moral and academic and administrative support.

Special thanks and credit to Deepak Sir who helped us achieve the heights and go to multiple platforms and promote the blogging activities in unison with Admissions and Placement activities

It gives me profound happiness to see the baton now being passed to the newer batch 2013-15 to take this journey ahead and add new life and vigour to it.

I welcome Neelabh Manoj, my buddy mentee as the newest member of IILM Clairvoyance Blog Greater Noida and also our offline initiative Knowledge cell.

I wish him all the best for a successful stint with Clairvoyance

Regards

Anupam Dubey
Admin and Founder
IILM Clairvoyance Blog & GSM Blogging team

The IILM family that we are......

The beauty of our family is that wherever our members go, they take IILM with them in their hearts

And they always keep coming back down the memory lane....

Dedicated to the IILM Family, a video made by IILM Film and Media club.....

Lets take the walk down the memory lane together ...

Let's create our SYMPHONY
 

Time to pass the baton....... for the race must go on

Posted for IILM Clairvoyance blog

Editorial club Clairvoyance-The beginning of IILM Clairvoyance blog Pic Courtesy: Karan Kunal(Batch 2012-14)

When the Soviet Union took a major leap by putting the first man made satellite into space-Sputnik it was a story of how collective human effort could take us to the unknown challenging the very limits we had previously conjured in our humble manifestations of our capabilities.

This very day, I wish to share our own small journey of the IILM Clairvoyance blogging team and also to acknowledge all those hands that worked silently patting our backs and challenging us to achieve more.

Our challenges still look upon us, but we wish to have more people come share this journey with us and now its time to pass the baton to the young Turks of Batch 2013-15.

IILM Clairvoyance took a long turn of events before it was announced as the official blog of IILM GSM Greater Noida campus and it would never have been possible without the belief that our patrons instilled in us.

To Mr Anand Rai, who first mooted the idea of having a blogging team and more so for pushing us to achieve more, I dedicate this small token of gratitude for believing in us.

Just like every great journey or cause begins with an ode to our elders, may I dedicate our new journey to our patrons and elders and seek their blessings:


Prof Sanchita Ghosh- Faculty Coordinator (Editorial club-IILM GSM)-who advised me to start a blog for the Editorial club

Mr. Animesh Saha (IILM GSM 2011-13) Former Senior OB - IILM GSM editorial club -my very esteemed buddy mentor, senior, guide and friend who gave the name Clairvoyance to the club and this blog.

Mrs Aarti Rai- For her confidence in our abilities to deliver.

Mr Deepak Sah(IT Manager-IILM):For his able guidance and timely and prompt help.

Prof Sonika Sharma- For her ever welcoming gestures of help and guidance

Mr Anoop Tripathi (IILM GSM 2011-13)- Co-designer IILM blog who added new life into this blog in its design.

To my blogging team members for standing by me in times of glory and chaos.

And above tell to all members of our IILM GSM family and utmost to our new family members of batch 2013-15


Thanking you,

Anupam Dubey

Admin(IILM Clairvoyance)






 

Join Heads,hearts and Hands

Published for IILM Clairvoyance

At a time when most of us go about with our daily struggles with Life, one of our brother states is facing the wrath of Poseidon Himself it seems Devabhumi Uttrakhand has angered Mahadev himself.

It is in the heart of Science to achieve feats-the other day ISRO launched its first of a group of seven satellites to boost India's own Navigation system to be the eyes and ears of our defence forces 1500 kms from our borders on either sides with China and Pakistan

However when one sees Nature's fury on man, all magnificence of Science is dwarfed and so are we. The Uttrakhand story is not just a story of Nature against man ,it is also a tale of how Some Men stitch tales of Greatness at the cost of death(read politicians trying to make brownie points about relief work in Uttrakhand) and Yet other men who trade their own for saving fellow country men(ITBP, Indian Air force ,NDRF and Indian Army)

My friends in me lies an inherent weakness of finding only negative in things around us

For a change today Let me say If something can collectively take us all forward in this time of grief, then it is this

My fellow Country men , join not just hands, but hearts and heads and seek to revive Devabhoomi Uttrakhand like our soldiers have

Rest In Peace the Brave and Holy Departed
   

Random lines, random thoughts, a small perspective

Work hard and smart,

 

Respect is all about give and take,

Life is all about what you make of it,

It’s the journey not the destination that counts,

It describes the way you take things which come your way,

There is always an option but we plainly ignore to take notice of it,

Every crossing, every turn, every junction, leads to an unknown place, don’t fret coz it’s the experience you gain is the gold you earn,

In the race to be in the larger picture of the world, we often ignore the small things in life which actually makes us real happy,

Seeing through the eyes of the life itself, makes me yearn more of it,

It’s about living on the go, meeting new challenges everyday be it big or small,

Living on the edge of the cliff with the struggle to be on top of it while being calm and composed makes you feel alive!!

Happiness is not in the things what we want but in those things which we actually get/need,

Random kindness and humbleness is the way of life,

We try so hard to become what we want to be but still it turns out in a way that we become what we actually are,

Don’t regret what have you done so far, just look forward what you still can be,

Life gives you things as and when it is needed to move forward/ahead but not the way as we want,

Music is my life,

I write what I feel like and the way it should be,

Trying to make the sense out of life as it should be, not the way it is portrayed.

Trying to make  a name source out of me to become a namesake,

Much to write but less a word. I stop here!!!!

 

 

Blog by Aditya Chaturvedi for IILM GSM

IILM Graduate School of Management, Prof. Yavar Ehsan, Mr. Vinod Rai, Post Graduate Program in Management

         

Mr. Vinod Rai Congratulates the Graduands at IILM Graduate School of Management Convocation 2013 .

         

 

New Delhi, Delhi, India, Tuesday, April 23, 2013 -- (Business Wire India)

	The annual convocation ceremony of IILM Graduate School of Management, Greater Noida was held on 17th April, 2013. The Chief Guest, Mr. Vinod Rai, Comptroller & Auditor General of India presided over the convocation and awarded certificates of merit to the students. Mr. Vinod Rai delivered the Convocation address emphasizing on propositions as to how the youth can contribute to a better tomorrow. Presenting the Dr. Kulwant Rai Gold and Silver medals to the meritorious students as well as to the overall performers, he encouraged the students to continue to excel in the professional phase of their lives. More than 3500 students have so far been awarded the diploma in Business Management, with most of them having been placed comfortably despite the economic fluctuation. Earlier Prof. Yavar Ehsan, Director, IILM Graduate School of Management in his greatly inspiring and motivational speech laid emphasis on the Institute’s 20 year legacy and the various steps taken to enforce the Vision 2015. He also mentioned the highlights of the past year which included IILM GSM being included on CNN-IBN’s feature on the top 15 B-Schools of India, International tie-ups with 25 Universities of repute for student exchange, faculty research collaboration, and study abroad opportunities, and the new on-campus fully residential facility. It was a matter of great pride for the students graduating from IILM-GSM at the Post Graduate Program in Management and the three sectoral programs in Financial Services, Marketing Management, and International Business. The 15 month executive MBA and the Fellow Program in Management are all set to be launched in the forthcoming academic year; thus providing an opportunity to develop high quality teachers, researchers and management thinkers, in the process thus harnessing the intellectual capital of IILM to its true potential. The 2011-2013 batch has been placed in companies like Smart Cubes, Citibank, Royal Bank of Scotland, Evalueserve, Britannia, Deloitte and Nestle, to name a few. The highest package for the batch has been Rs. 15 lacs per annum and close to 230 companies have been engaged for recruitment of students this year. Mr. Vinod Rai, Comptroller & Auditor General of India, presenting PGDM Diploma to one of the toppers along with Mrs. Malvika Rai, Chairperson IILM and Prof. Yavar Ehsan, Director IILM Graduate School of Management                                                                                Source: Ms. Sarla Rawat, IILM Institute for Higher Education, +91 (11) 40934335, sarla.rawat@iilm.edu

IILMGSM

Which category do these belong to: Viola, Gerbera, Gaznia, Larkspur?
Flowers

Name the American philosopher and constitutional law expert who died suffering from leukaemia.
Ronald Dworkin

Expand ICTT. (Hint: Container)
International Container Transshipment Terminal

Expand FCRA. (Hint: Contract)
Forward Contract Regulation Act

Expand FMC. (Hint: Markets)
Forward Markets Commission

Expand CTT. (Hint: Tax)
Commodity Transaction Tax

Which sporting event is planning to use biological profiling of players at 2013 Confederations Cup and 2014 World Cup?
FIFA

Which 2 companies have entered into a partnership to launch the Discovery Channel magazine?
Discovery Network’s Asia-Pacific and India Today Group

Name the channels launched by Cira Media targeting youths in India.
Clubbing TV, Juke Box, Rock TV and Dancetrippin

Which company has joined hands with Disney to launch tv channel in India?
Mahindra and Mahindra

Which mobile maker launched Bolt series phone As5 model recently?
Micromax

Which 2 companies announced $11 billion dollar merger deal to create world’s biggest airline?
American Airlines and US Airways

Name the architect whose iconic creations would be exhibited by Royal Institute of British Architects from 14th May to 4th September 2013.
Charles Correa

In which Middle East country online matchmaking creates a revolution?
Saudi Arabia

Expand MFIN. (Hint: Finance)
Micro Finance Institutions Network

Why was Mylan company in news recently?
Mylan entered into an agreement with Biocon to market insulin

Magma Advisory Services Ltd. recently purchased which company’s mortgage business?
GE Capital India

Infosys ADS was approved for listing and trading on which professional segment?
NYSE Euronext Paris

Name the children’s program which is nearing 1 billion views on Youtube after Ganganam style.
Sesame Street

Expand OBI. (Hint: Budget)
Open Budget Index

Which rank does India hold in terms of budget transparency according to Open Budget Survey 2012?
14th rank

Who is appointed as Sri Lanka’s Test and ODI captain for a period of 1 year?
Angelo Mathews

Inflation Indexed Bond a solution to GOLD RUSH and Inflation

Gold Rush

• Demand for gold has been rising worldwide
• gold prices in international market are calculated in US$. And these gold prices have doubled since 2008.
• India has traditionally been a major absorber of world gold.
• Gold has been a combination of investment tool and status symbol in India
• Gold imports are positively correlated with inflation. (meaning, if inflation increases then gold imports will definitely increase.)

Why do people invest in gold?

1. Share market is volatile (fluctuates a lot). And it doesn’t offer attractive return at the moment.
2. To invest in share market / mutual funds, you need PAN CARD + DEMAT Account. Many people still don’t have it. = With limited access to financial instruments, financial markets, especially in the rural areas.
3. Rural people don’t have awareness about Mutual funds, pension-provident funds etc.
4. Inflation is high. So the profit (return) offered on back savings, fixed deposits, pension-insurance funds = not attractive.
5. When you combine these factors: most people prefer to invest in gold / silver.

Thus, rising demand for gold is only a “symptom” of more fundamental problems in the economy (inflation, lack of financial awareness etc.)

• Anyways, what’s the big deal? let the people invest in gold, after all its their money!
• The big deal is, if people had invested money in banking / finance sector, then that money could be given to some needy businessmen, he’ll open / expand his factory = more employment + more production =good for economy.
• But if people just purchase gold/ silver = that money stops moving. It just sits in their locker = bad for economy.

Another problem => gold rush = high CAD.

Gold -Current Account Deficit (CAD)

• High CAD = bad, because it weakens the rupee.
• There are two main villains responsible for India’s current account deficit: 1) gold import 2) crude oil import.
• Given the energy requirements, we cannot stop / reduce the crude oil import, else it’ll badly affect economy.
• Then solution is obviously: reduce gold import. But how?

How to stop gold rush?

• One solution = increase duty on gold import. But problem is people will start smuggling. Then Government will not get any import duty at all.
• Therefore, Economy survey suggests following things:

1. Underlying motive for gold rush = high inflation. So first, Government should curb the inflation.
2. Second problem is lack of financial instruments available to the average citizen, especially in the rural areas. (they don’t have PAN card, DEMAT account or knowledge  of how to invest in sharemarket/ mutual funds etc.). So Government should take initiatives to increase the financial awareness, financial inclusion.
3. Government should introduce inflation indexed bonds. (then it is more attractive to invest in bonds, otherwise 9% return is not good, if there is 11% inflation!)

Inflation indexed bonds

• Normal “bonds” work in this fashion: 10%, 2017
• Meaning you give me Rs.100 right now. I’ll pay you Rs.10 as interest every year until 2017 and then I’ll return the principle (Rs.100).
• Ok but what if there get so high inflation in 2017 that even cheapest ballpoint pen costs Rs.500! Then getting back the Rs.100 principle hardly benefits you. Because of this reason, nowadays people prefer to invest in gold rather than in shares/ bonds/ mutual funds etc.
• But in “inflation indexed bonds”, the principle is linked with Inflation index. So, if from 2013 to 2017, inflation increased by 30% then you get 30% more principle (=100 original + 30) =Rs.130. this is good because your investment is protected from inflation.
  
  
  Submitted by Gagandeep Singh Karwar PGDM 12-14 ,
  IILM CLAIRVOYANCE (blog of IILM GSM)

IILGSM

Current Affairs

1. The Sultan Azlan Shah Cup is related with Hockey.

2. The Elephanta Festival is organized by Maharashtra.

3. Online Shopping portal Snapdeal.com has tied with Mahindra n Mahindra to sell its two wheelers.

4. The first lady Michelle Obama and the secretary of state John Kerry will present the “International Women Courage Award” to Delhi victim.

5. Services defeat Kerala to 67th Santosh Trophy Football Tournament.

     

Some useful terms for non-finance students

Balance sheet:- It is the statement of assets and liabilities, i.e., financial position of an enterprise at a given date. It is also known as Position Statement.


Profit and Loss Accountts:- it shows the net result of business operations during an accounting period. It is also known as Income Statement.


Financial Statements:- “The Financial Statements provide a summary of accounts of a business enterprise, the Balance Sheet the assets, liabilities and capital as on a certain date and income statement showing the results and operations during a certain period.”

                                                                                                                                  John N. Myer


Cash Flow Staement:- A Cash Flow Statement is a statement showing the flow of cash-- inflow and outflow, during an accounting period. It is an essential tool for short-term financial analysis.

IILMGSM

Current Affairs

1. Delhi become the first state in the country to ban manual scavenging.

2. Sugata Mitra wins million dollar TED prize for Extraordinary Creativity for his building the schools in the internet.

3. India to have first public sector Women Bank by the end of 2013.

4. "Kamal Nath" to lead the Indian team in the World Economic Forum annual summit in Davos, Switzerland.

5. K. G. Balakrishnan is the current Chairperson of National Human Rights Commission.

6. P. Chidambaram is the current Union Finance Minister.

7. Special AC luxury class announced by Railway Minister and named B_AnubhutiB coaches.

8. Delhi placed lowest in pollution survey by Planning Commission.

9. Every year February 28 is celebrated as the National Science Day.

10. ISRO scientists successfully launch Indo-French satellite PSLV-SARAL.

11. Park Geun-hye sworn in as South Korea first woman President. 

12. the Vatican announced that the pope Benedict xvi will be known as "emertius pope".

13. Pawan Kumar Bansal is the current Union Railway Minister of India.

14. ISRO is set to launch the world first smartphone controlled Nano satellite with a definition camera.

15. February 21 is celebrated as International Mother Language Day.

 Rail Budget 2013: Highlights By IILM-GSM  

Rail Budget 2013-14 as presented by Railway Minister Mr. P.K. Bansal relating to the following Headings:

 Manufacturing:

• A new wheel factory to be set up at Rae Bareli
• A greenfield Mainline Electrical Multiple Units (MEMU) manufacturing facility at Bhilwara (Rajasthan) in collaboration with State Government and BHEL.
• Six more Rail Neer bottling plants to be set up
• Coach Manufacturing Unit in Sonepat District (Haryana) in collaboration with State Government.
• A Midlife Rehabilitation Workshop at Kurnool (Andhra Pradesh) in
  collaboration with the State Government.
• Bikaner and Pratapgarh workshops to undertake POH of BG wagons.
• A workshop for repair and rehabilitation of motorized bogies at Misrod
  (Madhya Pradesh).
• A new wagon maintenance workshop in Kalahandi (Odisha).
• A modern signaling equipment facility at Chandigarh through PPP route.

Environment:

• Railway energy Management Company (REMC) to be set up to harness solar and wind energy
• 1,000 crossings to be energized by solar power
• Deployment of new generation energy efficient electric locomotives and EMUs.
• More usage of agro-based and recycled paper and ban use of plastic in
  catering.

Jobs:

• 1.51 lakh vacancies to be filled up

Technology:

• Locomotive cabs to be air-conditioned
• Free Wi-Fi to be provided on some trains
• e-ticketing via mobile phones
• SMS alerts for passengers on reservation status
• Smoke and fire detection system to be installed
• Internet booking to be strengthened with next-generation e-ticketing system to eliminate delays. Next generation e-ticketing system by end of 2013
• 179 escalators and 400 lifts at A 1 and other select stations
• Induction of crash worthy LHB coaches with anti-climb feature.
• Using 60 kg rails, 260 meter long welded rail panels and improved flash
  butt welding technology.
• Extension of Unreserved Ticketing System (UTS), Automatic Ticket Vending Machines (ATVMs), Coin-operated Ticket Vending Machines (CO-TVMs) and schme of Jan-Sadharan Ticket Booking Sevaks (JTBSs).

Safety:

• Fire extinguishers to be kept in guard vans
• Smoke and fire detection system to be installed
• Raised four companies of women RPF personnel, and another eight to be raised for women’s safety
• Seventeen bridges identified for repair
• Special A/C coaches ‘Anubhuti’, to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience with commensurate fareIntroduction of Train Protection Warning System on Automatic
  Signalling Systems.
• Induction of crash worthy LHB coaches with anti-climb feature.
• Using 60 kg rails, 260 meter long welded rail panels and improved flash
  butt welding technology.
• Use of fire retardant furnishing materials in coaches.
• Measures initiated to deal with elephant related accidents.
• Four companies of women RPF personnel set up and another 8 to be set up to strengthen the security of rail passengers, especially women
passengers.

Recruitment to RPF with 10% vacancies reserved for women.

Introductions:

• Azadi Express to be introduced to travel to places associated with freedom struggle
• Common rail-bus ticket to be introduced for Katra-Vaishnodevi pilgrims
• Internet booking to be provided from 0030 hours to 2330 hours
• Identification of 104 stations for upgradation in places with more than one million population and of religious significance
• Special A/C coaches ‘Anubhuti’, to be introduced in select Shatabdi and Rajdhani trains to give excellent ambience with commensurate fare
• ‘Fuel Adjustment Component’ concept to be implemented linking tariffs
  with movement of fuel prices;

Other Targets/Plans:

• By end of 2013-14, 1,500 km of contracts to be awarded for two dedicated rail corridors
• Rs 1 lakh crore target set for public-private-partnership route
• Corporate plan for 10 years to be drawn up
• Aim to eliminate 31,846 level crossings
• Planning Commission pegged 12th Plan at Rs.125.19 lakh crore
• Making a Corporate Safety Plan for a ten year period (2014-2024). 
• Funds:
• Rs.100 crore for improving stations in New Delhi.
• New fund – Debt Service Fund – to be set up to meet committed liabilities of debt servicing for WB and JICA loans for DFC and other future liabilities.

Facts presented:

• Railways set to enter 1 billion ton freight club of China, Russia and US
• Losses mounted from Rs.22,500 crore in 2011-12 to Rs.24,600 crore in 2012-13
• Planning Commission pegged 12th Plan at Rs.125.19 lakh crore
• Fall in accidents – per million accidents down from 0.41 to 0.13
• Losses mounted from Rs.22,500 crore in 2011-12 to Rs.24,600 crore in 2012-13
• Operating ratio expected to improve to 87.8 per cent in 2013—14 from 88.8 per cent in the current fiscal
• 5.2 per cent growth in passenger traffic expected in 2013—14
• Railways set to enter 1 billion ton freight club of China, Russia and US

IILMGSM

Current Affairs

1. The "Temi Tea" is a tea brand of Sikkim state of India established in 1969.

2. Chhattisgarh is the only Tin producing state in India.

3. "Port of Miami" port is also known as the "Cruise Capital of the World".

4. India ONGC has set a new record by drilling a oil well to the deepest depth in the world in the East Coast of India.

5. "Invest India", a joint venture company between the Department of Industrial Policy and promotion and FICCI.

 

Questions & Answers

• Which 2 companies have entered into a partnership to launch the Discovery Channel magazine?

Discovery Network’s Asia-Pacific and India Today Group

• Name the channels launched by Cira Media targeting youths in India.

Clubbing TV, Juke Box, Rock TV and Dancetrippin

• Which company has joined hands with Disney to launch tv channel in India?

Mahindra and Mahindra

• Which mobile maker launched Bolt series phone As5 model recently?

Micromax

• Which 2 companies announced $11 billion dollar merger deal to create world’s biggest airline?

American Airlines and US Airways

IILMGSM

Current Affairs

1. A joint venture between TATA group and Malaysia bsed AirAsia is coming up in airline market.

2. SBI has launched "Tatkal" scheme for urban poor to transfer money to their families withoutactually opening an account.

3. In 1977, Haribhai Patel is known to have given the shortest ever interim budget speech in India.

4. Bihar has recorded highest growth rate in 11th five year plan.

5. Spain has busted a global cyber-crime operation that infected millions of computers with a "ransomeware" virus.

Questions & Answers

• Expand ICTT. (Hint: Container)

International Container Transshipment Terminal

• Expand FCRA. (Hint: Contract)

Forward Contract Regulation Act

• Expand FMC. (Hint: Markets)

Forward Markets Commission

• Expand CTT. (Hint: Tax)

Commodity Transaction Tax

• Which sporting event is planning to use biological profiling of players at 2013 Confederations Cup and 2014 World Cup?

FIFA