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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:
AST
UT
E
SA
IB
AL
AJ
I E
DU
CA
TI
ON
S
OC
IE
TY
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