e- NeWSLeTTeR

Editorial Board

Patron

Prof. Manish R.

Mundada

Founder President,

SaiBalaji Education

Society

Editors

Dr. Laxman Ku-

mar Tripathy

Director,

SaiBalaji International

Institute of Management

Sciences

Editors

Dr. Anand

Deshmukh

Director

International Institute of

Management & Human

Resource Development (W)

Members of Research Committee

Dr. Tripti Sahu Prof. Smarjeet Das Prof. Nitin Ranjan

Prof. Niharika Singh

YoUtHoLoGy ManTrA 2

Term of the Month 3

Campus @ Glance 5

Economic Fragrance 6

Celebrations 8,9

Inside this issue:

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September– 2013

Volume—2 Issue– 5

इच्छा शक्ति क्रिया शक्ति ज्ञान शक्ति

Advisory Committee

Dr. Sandip Sane

Director

International Institute of Management Studies

Women are generally perceived

as home makers with little to do

with economy or commerce, but

this picture is changing in mod-

ern industry. More & more

women are taken up entrepre-

neurial activity especially in me-

dium & small scale industry.

A

women

entrepre-

neur de-

fined as

“a women

or group

of women

who initi-

ate, or-

ganize & run a business enter-

prise”.

She is only who is owning and

controlling an enterprise.

From India to turkey, women

entrepreneurs are on the leading

edge of the shift, poised to trans-

form their local economics and

in doing so, change the world.

For example Ekta Kapoor, one

more famous example is Melek

pulatkonak who is founder and

curator (take care) of the Turkish

women international network.

Education and training play an

important role in improving the

economic position of women.

I personally believe that women

are tremendous, untapped invest-

ments that yield huge return for

entire communities…

—-By, Ayushi Dixit

PGDM Ist Sem IIMS

Page 2

YOuTHoLogY maNtRa

A ST UT E

Caption describing picture or graphic.

Barsat Maharana PGDM Ist Sem, IIMS

Women in the Developing World

1) imaginative

2) hardworking

3) ability to bear risk

4) profit earning ca-

pacity

Walt Disney Company, which is

entertaining kids all over the

world for decades, is planning to

renovate its hero character

“Mickey Mouse”. Yes, the same

Mickey mouse that is your fa-

vorite cartoon character and is

your father’s favorite cartoon

character and your grandfather’s

favorite too. A brand which

served the market for decades is

smelling threat from modern car-

toon characters like Doremon,

Dora, and the animated heros

like rescue force and power

rangers etc.

This is the first time that Paul

Rudish (Executive producer) is

trying to change the image of

Mickey Mouse for the tech-

savvy kids. In his opinion, Mick-

ey has become a corporate sym-

bol rather than a beloved charac-

ter for recent generations of

young people. Young kinds now

are more interested in heroic fea-

tures in a character.

The name which is for years,

known for its clean and innocent

character will be more stunning

in the coming years. Epic Mick-

ey, the formerly squeaky clean

character can be cantankerous

and cunning, as well as heroic,

as he traverses a forbidding

wasteland.

Of course a good amount of

market research has been con-

ducted and there are plans are to

launch the new avatar of Mickey

in a game by coming year. It is

worth pondering that is it justifi-

able to alter a brand which

brought great returns to the com-

pany incessantly for years.

Though there are many exam-

ples of great brand alterations

which brought fat rewards for

the company but every band has

its own vulnerability. Moreover

it should also be noticed by the

brand that in case of kids it is not

the kids but the parents, are cus-

tomer and their preference is of

utmost importance. The question

is, will they allow their school

goers to buy material which does

not seems to be very good for

character building. Again a

brand which is already posi-

tioned as a lovable character, it’s

really difficult to get the same

acceptability for a changed ver-

sion of it.

It will be premature to predict

anything about the new change.

Only the time will tell how well

the new Mickey will be taken by

its little customers. Let’s keep

the figures crossed

The take home for a manage-

ment student here is that even if

the brand is performing well, it

doesn’t means that it cannot per-

form better or will not face any

threat in future. The Marketing

mantra is “innovate or perish”.

——- Dr. Tripti Sahu ———

Eg: If XYS com-

pany didn’t pay tax

for current year,

Govt. has right to

collect tax by sell-

ing its property.

Page 3

Even a Hero Brand needs a Makeover

TERM OF THE MONTH: TAX LIEN

e - NEWSLETTER

If any person liable to pay tax neglects or

refuses to pay the same after demand, the

amount (including any interest, additional,

amount, additional to tax, or assessable

penalty, together with any costs that may

accrue in addition thereto shall be a lien in

favor of the United States upon all property

and rights to property, whether real or per-

sonal, belong to such person

Indian Inc is sitting on the Debt

Bomb. G Seetharaman In his

aticle “India Inc sitting on debt

bomb: Why the health of large

corporates should worry us all” have stated the problem of

mounting debt by Indian INC.

Alone Bank Loan in INFRA-

STRUCTURE has grown almost

100 times in last 13 Years. In the

years 2000 it was 7243 cr and

now in 2013 the figure touches

786,045 cr and the Per cent of

Infrastructure loan to a total Per

cent of total credit to Industry

during this period have grown

from mere 3.62% to 35.25 %. In

a speech recently on bank lend-

ing to the infrastructure sector,

which now accounts for 35% of

total loans to industry, deputy

governor KC Chakrabarty stated:

"I reiterate that the reason

for NPAs is non-performing ad-

ministration. In the case of infra-

structure, this could also be on

account of non-performance be-

yond that of the bank manage-

ment & that of policymakers,

bureaucracy etc.

A recent report

by Credit Suisse points to the

scale of the problem in the con-

text of large corporate houses.

According to the report, 10 cor-

porate groups the Adanis, Ve-

danta, GMR, GVK and Jaypee

among others together account

for around 13% of all banking

system loans. In plain words we

can understand that the Indian

banking system and this is to a

considerable extent the problem

of public sector banks is heavily

exposed to the fortunes of just

these groups. The report, an up-

dated version of a similar one

published last year, points to

worrying trends. One, the collec-

tive debt levels of these groups

have actually risen from last year

by 15%. Secondly, their ability

to service this debt has deterio-

rated. "The largest increases

have been at groups such as

GVK, Lanco and ADA where the

gross debt levels are up 24%

year on year. For most of these

corporate groups, the debt in-

crease even outpaced capital ex-

penditure. Asset sales key for

deleveraging for most of these

have still not taken-off;

only GMR and Videocon have

had some success on that front,"

says the report. made the addi-

tional point that the bulk of

NPAs were from the and stocks,

has been blamed on the failure

of the current government to car-

ry out structural reforms. The

weak economy is certainly an

important part of the large and

growing NPA problem. But even

the RBI itself doesn't seem to

think that's the only story. But

what is really PUZZLING

is why this affects the public

sector banks the most? The an-

swer lies squarely in the poor

project appraisal techniques,

lack of accountability, post-

disbursal supervision, etc. In our

assessment, the project appraisal

and the decision making in pub-

lic sector banks has been more

impressionistic rather than being

information based. Earlier this

week, the director of the Central

Bureau of Investigation Ranjit

Sinha warned that the agency

may begin a probe into the rising

volume of loan defaults, and

look into the possible culpability

of senior officials of mainly pub-

lic sector banks. Pointing to the

fact that non-performing assets

(NPAs) of public sector banks

had risen by 95% between 2010

and 2012, he made the additional

point that the bulk of NPAs were

from the top 30 defaulters for

most public sector banks. For-

mer Reserve Bank of India

(RBI) governor C Rangarajan,

who was present at the event in

Delhi where Sinha made those

comments, differed pointing to

the fact that NPA levels are also

due to the weak state of the

economy.

Page 4

INDIA INC----- FaCinG A DeBT B MB

A ST UT E

Caption describing picture or graphic.

e - NEWSLETTER

"Every NPA is not due to moti-

vated actions of bank employ-

ees," he is reported to have said.

Much of the weakness in the

economy, and the recent crash in

the rupee those comments, dif-

fered pointing to the fact that

NPA levels are also due to the

weak state of the economy.

"Every NPA is not due to

Page 5

Continue……….

and the recent crash in the rupee and

stocks has been blamed on the fail-

ure of the current government to

carry out structural reforms. The

weak economy is certainly an im-

portant part of the large and grow-

ing NPA problem. But even the RBI

itself doesn't seem to think that's the

only story.

--By Prof. Nitin Ranjan

Campus At Glance SBES Formed Rotract club under Rotary Club Pune. Congratulations for the following students who were appointed at vari-

ous positions. The club undertakes CSR activities for the institute. Under the

same theme, the society organized a visit for the students to the orphanage

“Navshitij” and to “Ganga Dham” old age home. Students of MBA and

PGDM distributed fruits and cloths to the needy on behalf of SBES, during

the visit.

SBES Celebrated Independence day 15th Aug 2013 with full enthusiasm. The

occasion was blessed with the presence of guest of honor, Dr. Vedavati Pu-

randare, Dr. Bharat Purandare and Lft. Cr. Mr. Prem Anand. The flag hoist-

ing celebration was followed by the cultural programs by students and tree

plantation by the guests and founder president of SBES Prof. Manish R.

Mundada.

Students of MBA 2013-2014 batch went for a picnic to Lonavala on 19th

Aug. 2013

SBES organized a national Seminar “India Inc: Challenges & Opportunities”

on 24th Aug 2013.

Processionals from various esteemed organization were invited for sharing

their ideas and views. Students took the benefit of wonderful speeches

by speakers

Mr. Sudhir Soudalgekar, Director- Projects, Shoppers Stop Mumbai

Mr. Nitin Pitty, Head HR- Recruitments, KPIT Cummins Ltd. Pune

Mr. Naveen Nagpal, Senior HR Manager Infosys Ltd. Pune

Brig. Mr. Ajit Apte, Ex VP- HR Deepak Nitrite Ltd, Director, British Busi-

ness Group Pune

Mr. Hemant Koshti, Senior Manager- Strategic Marketing, Geometric Ltd.

Students of SBES participated in Raio Mirchi Queen Contest organized by Radio Mirchi Pune. Two of our girls Parul Ramola

and Divya Kaul got selected for the portfolio.

SBES organized a workshop on research paper writing on 17th Aug. 2013 under guidance of Dr. L. K. Tripathy. In the event,

Dr. A. A. Deshmukh, Prof. Vijay Khode, Prof. P. Dubey, Dr. Tripti Sahu, Prof. Nitin Ranjan and Prof. Niharika Singh shared

their experiences.

SBES organized a workshop for faculties on Goal Setting, Which was delivered by Prof. Manish R. Mundada. The visionary

and founder president of SBES.

motivated actions of bank employ-

ees, "he is reported to have said.

Much of the weakness in the econ-

S

N

Post Name Institute

1 President Sagar Joshi IIMS

2 Vice Presi-

dent

Kinjal Sri-

vastava

SBIIMS

3 Secretary Shipra Ghosh IIMHRD

4 Treasurer Pravat Purohit IIMS

5 Joint Sec. Hussain

Kotawala

SBIIMS

6 Joint

Tresurer

Anurag Kar IIMS

7 D i r e c t o r

Community

Services

Anuja

8 Director

Club Service

Issar

9 Director

International

Service

Sumit

India's Exports during July 2013 were valued at 25834.46 Million US Dollars

As per the data released by Ministry of

Commerce and Industry on 12 August 2013,

India's exports in July 2013 were valued at

25834.46 million US

dollars.

Import Duty on

Gold

Silver &

Platinum hiked to 10 %

by Central Gov-

Page 6

Union Cabinet approved Setting up of Tax Administration Reform Commission

NE WS LE TT ER TI T LE

The Central Government on 13 Au-

gust 2013 raised customs duty on

gold, silver and platinum to 10 per-

cent in a bid to curb the surging im-

ports and burgeoning Current Ac-

count Deficit.

Railway Revenue Earnings up by 10.74 Per Cent during April-July -13

As per the data released by Ministry of Railways on 12 Au-

gust 2013, the total ap- proximate earnings of Indian Rail-

ways on originating basis during 1 April to 31 July 2013 were

44260.16 crore rupees compared to 39969.24 crore rupees

during the same period in 2012, registering an increase of

CCEA approved Creation of the

Special National Investment Fund

The Union Cabinet on 13 August 2013 approved the proposal for setting up of the Tax Administration Reform Com-mission (TARC) to remove ambi-guity and establish a sta-ble and non-adversarial

EcOnOmIC FrAgRaNcE

V OLU ME 1, ISS UE 1

Union Cabinet to continue

Interest Subvention of 3

Percent on Crop Loans to

Farmers

The Union Cabinet of India on 2

August 2013 decided to continue

the interest subvention of three

per cent on crop loans to farm-

ers. The scheme will be availa-

ble on crop loans taken from

scheduled commercial banks and

also those in the private sector.

The estimated budgetary impli-

cation of the scheme for current

financial year is 15 thousand 385

crore rupees.

FDI to increase in Print

Media from 26 Percent to

49 Percent

The executive committee of the In-

dian Newspaper Society (INS) on 2

August 2013 approved a proposal

to increase Foreign Direct Invest-

ment (FDI) from 26 percent to 49

percent in print media. The INS will

recommend of 49 percent FDI in

print through the Foreign Invest-

ment Promotion Board (FIPB) route

to the Information and Broadcasting

Ministry. The Cabinet Committee

on Economic Affairs (CCEA) on 2

August 2013 approved the creation

of the Special National Investment

Fund with the specific objective of

meeting the minimum public

shareholding of 10 percent require-

ment in the six Central Public Sec-

tor Enterprises (CPSEs)

The Reserve Bank of India on 23

August 2013 imposed monetary

penalty of 6 crore 50 lakh rupees

on six banks for violation of the

Know Your Customer (KYC)/

Anti Money Laundering guide-

lines.

Page 7

Government of India Banned Duty-Free Import of Flat Screen TVs by Air Travelers

RBI imposed Monetary Penalty on 6 Banks for violation of KYC Guidelines

The Union Government of India on 19 August 2013 banned duty-free

import of flat screen televisions by people who travel through air. This

move came after the Rupees fell below 63 levels against the US Dollar.

Sl. No. Name of the bank Penalty Amount (in ` Crore)

1 Bank of Maha-

rashtra 0.50

2 Corporation

Bank

0.501

3 Dena Bank 1.50

4 IDBI 2.00

5 Bank Ltd. 1.00

6 Indian Bank 1.00

SaiBalaji Group of Institutions, Pune

IIMS, SBIIMS, IIMHRD (W)

Published by:

Celebrations !!!

Address:

S. No. 54, Nere Duttawadi, Near

Hinjewadi IT Park,

Tal — Mulshi, Dist Pune –411033

Contact: (020) 22919514

www.iimspune.edu.in

इच्छा शक्ति क्रिया शक्ति ज्ञान शक्ति Flag Hoisting 15th Aug. 2013