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FMS Delhi hosts panel discussion on Budget 2013

FMS Delhi conducted a panel discussion on Budget 2013 on 6th March. Esteemed Speakers for the day shared their views regarding the Budget 2013.

fms-budgetMr Sanjiv Chaudhary Partner at KPMG discussed the Direct and Indirect Taxes along with his views on GST. He suggested monetary policy of higher interest rate will help in reduction of inflation.

Mr Srivastav from E&Y mentioned that the Budget 2013 is based on a weak assumption of high growth, as the Global export demand is low.

Mr Poddar, Partner at E&Y stressed on rupee stabilization to preserve the Forex reserves . He added Subsidies form a huge chunk of our Expenditure, that must be controlled.

Mr Bishwajit Bhattacharya, Senior Advocate Supreme court of India stated that unplanned expenditure must be reduced to avoid erosion
of revenue.

All panelists agreed that, in spite of the alarming situation, India is in a better state than the rest of the Global giants like Europe, US etc in terms of the Debt to GDP ratio. A systematic structuring of the policies is the need of the hour. Students from FMS and other colleges under Delhi University gathered in high volumes to attend the session and participated in question and answer round with enthusiasm. Vodafone taxation case with its retrospective taxation and its impact on India’s image was discussed in depth.

Event was organised by Finsoc, Finance society of FMS under the guidance of FMS faculty Mrs. Monica Singhania.

FMS Delhi concludes it’s annual management fest Fiesta 2013

Faculty of Management Studies (FMS), University of Delhi saw hectic activity on the campus this weekend with a plethora of events, discussions, and inter-college competitions at the Annual Management Fest ‘Fiesta 2013: Glory Beckons’. The fest was organised in association with Tata Administrative Services (TAS), Airtel and The Financial Express, with Red FM as the Radio partner. With participation from the top B-schools including the IIMs, XLRI, MDI, SPJIMR, experienced judges from best-in-class companies in each domain and exciting prizes, the two day extravaganza had the campus abuzz with activity.

fiest-2013-fms-delhiThe inauguration ceremony of Fiesta 2013 was attended by Dr Raj Dhankar (Dean, FMS) and guest of honor, Mr Sanjay Sethi (Vice President of Tata Services). The opening address was given by Mr Richie Pandey, Secretary, Team Fiesta who elaborated on the introduction of new events and cultural activities which further propelled the stature and popularity of Fiesta in the B-school circuit.

The flagship event – ‘Fiesta Icon 5.0’ continued to capture interest of students across campuses. After finding their way through a labyrinth of events across various management domains, 13 finalists competed in a 2 day event to win the title of “The Icon”. This was a home-run as FMS managed to keep the title in-house by winning the trophy. The Consulting club presented Game of Thrones, a strategy event that sought out to challenge every budding consultant worth his or her salt. With multiple testing rounds, this one was a true test of consulting acumen. Vihaan, the social service cell in collaboration with Teach For India organised Uththaan, an event designed to put the fertile minds of B-school students competing to prove their analytical capabilities and innovative thinking.The Marketing society, presented Pandemonium– a National level Market competition on preparing a strategy for making Promed a billion dollar company by 2020. The response was overwhelming with the team from JBIMS winning the honours followed by IIM-A and IIM-S. Finsoc, the finance society, presented Finotaur, an extensive finance case study involving key aspects of finance followed by a grilling Q&A session by the judges.

Media Relations Cell came up with an exciting event of their own for the first time – Media Maestros that tested participants on their knowledge of current affairs, social media gyan, PR skills, innovation, creative writing skills and humour quotient. The event saw participation from more than 540 students belonging to both UG and PG colleges and was thoroughly appreciated by all. The Entrepreneurship Cell launched Vishleshan, sponsored by Picovico.com and Aavawaters. The participants were asked to work on critical real-time issues faced by entrepreneurs.  The Systems Society presented Opsilium, a supply chain case study competition and Cloud9, an IT case study competition, which were lapped up by the students as they appealed to the IT geek in many of them. The HR & OB society presented antHRopos, a competition to test the participants’ comprehension of the industry and the pertinent HR issues.

Alongside, the fun never stopped with On-the-spot events and Cultural events like quizzes, debate, group dance, fashion show and many more. A major attraction was the street play competition on responsible drinking organised in association with SABMiller India. The festival ended with a band competition which saw participation from 10 different bands from colleges of the likes of SRCC, KMC and a semi-professional band Cenotaur. With that, Fiesta 2013 came to an end with the winners walking away with bulky cheques, while the other participants raked in vouchers and goodies provided by our various sponsors.

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FMS Delhi Summer Placement Report 2012

The Faculty of Management Studies (FMS-Delhi) has concluded the summer placements for the year 2012. 170 companies have confirmed participation of which finally 95 companies have participated. 210 students have participated in the placement process all of them were placed, majority of the students (39%) were placed in Sales & Marketing domain. 29% of students bagged placement offers in Finance sector in roles such as Investment Banking, Private Equity, Treasury, and Financial Markets. Morgan Stanley hired from FMS  for the first time for its Front End Investment Banking profile. Legacy recruiters like Standard Chartered and Deutsche Bank opened their lucrative Financial Markets  profile at FMS, thus testifying the quality that was on offer.

Graph
23% students were placed in Consulting domain, companies which hired aggressively are Deloitte, Capgemini Management Consulting, ICRA Management Consulting, KPMG, Nodwin Consulting Redseer Consulting and PricewaterhouseCoopers.

9% of the students were placed in HR & Operation domain, the presence of  Asian Paints, Bristlecone, Hindustan Coca Cola Beverages and  Valcon Consulting, all of whom hired interns for the first time from FMS Delhi. Flipkart and American Express also hired students for their operations profile. There were lucrative options on the HR front for the students from various companies which included Michael Page, BASF, Vedanta, GAIL and UTI.

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‘Obama likely to win the US Presidential Election Battle’ predicts FMS Delhi Students

While some may associate them only with snazzy presentations and meaningless jargon, management students at the Faculty of Management Studies – University of Delhi (FMS-Delhi), have proved that there is more to an MBA than just the usual rigor of academics.

Completing a research paper under the tutelage of Dr. Pankaj Sinha, FMS Delhi final year students have predicted the results of the 2012 US Presidential Elections. The research also elaborated the impact of the expected outcome on various macroeconomic variables of U.S. economy post elections. These research papers have been circulated and published in international economics forums like IDEAS, New Economics Papers, Econpapers etc.

The University of Buckingham Press has published the Journal of Prediction Markets entitled “Prediction for the 2012 United States Presidential Election Using Multiple Regression Model”, research conducted by Dr Pankaj Sinha, Harsh Vardhan Singh and Aastha Sharma points to a victory of Obama in the presidential elections with a vote share of 51.8% to 54.2%.

“We discussed several factors while developing a prediction model for the election. As opposed to what several naysayers are stating, our research proves that in spite of the weight of the economic crisis upon him, Obama will not have difficulties in defeating Romney in the upcoming elections.” says Dr. Sinha while discussing the study.

Furthermore, students extended the study by applying various statistical techniques through their paper “Forecasting 2012 United States Presidential election using Factor Analysis, Logit and Probit Model” (Dr Pankaj Sinha, Varun Ranjan, Ashley Rose Thomas), also under review at “American Politics Research Journal”, to gain wider international acceptance for their study on the prediction.

In both the papers, the results show a remarkable deviation from the contemporary discussions that economic indicators like unemployment rate and healthcare spending play an important role in voting pattern. Instead, it is a combination of variables like Presidential job approval and contemporary scandals that influence the voting decision.

Weighing in on the debate continuing on the economic scenario in the US, another publication entitled “Economic scenario of United States of America before and after 2012 U.S. Presidential election” (Dr Pankaj Sinha, Anushree Singhal, Kriti Sondhi) uses statistical ARIMA modeling, to forecast the affect that both the candidates’ policies would have on the US economy in the upcoming years after the election.

Dr. Sinha adds, “The findings indicate that GDP is expected to grow at an average of about 2 percent and that a recession is not impending in 2013. Also going by the current policies, it is forecasted that U.S. exports and imports are expected to increase as the U.S. economy recovers”. The publication predicts that the Obama’s policies will inflate the budgetary deficit while Romney’s strategy would lower the same.

Links to papers:

  1. Title: Prediction for the 2012 United States Presidential Election Using Multiple Regression Model (Pankaj Sinha , Aastha Sharma and Harsh Vardhan Singh)
  2. Title: Forecasting 2012 United States Presidential election using Factor Analysis, Logit and Probit Models (Pankaj Sinha, Ashley Rose Thomas and Varun Ranjan)
  3. Title: Economic scenario of United States of America before and after 2012 U.S. Presidential Election (Pankaj Sinha, Anushree Singhal and Kriti Sondhi)

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FMS Delhi installs Bloomberg Terminal to set up Finance Lab

With the installation of the much awaited Bloomberg terminal at the Faculty of Management Studies, Delhi, a firm foundation of the Financial Lab has been established at the Institute. With this, FMS joins the very exclusive club of Top B-schools in India which are equipped with a Finance Lab.

This lab equips the students with a wealth of authentic industry and economic data from across the world which can be used for purposes ranging from the course-mandated Final year Dissertations to Sectorial research for Competitions and Placement preparations. With the study of the financial derivatives already being an integral part of the course for student specializing in Finance, this lab can indeed increase the quality and scope of the student projects exponentially along with adding immense value to the research carried out by the Faculty members.

Also, it makes the students industry-ready as they already get a hands-on experience of carrying out in-depth analysis of volumes of real-time data along with handing the complex terminals which they otherwise would have to learn while being in the corporate – Thus giving them a clear edge over the competition by making them industry-ready.

The lab is expected to see further expansion with more facilities and terminals by the end of this year.

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FMS Delhi concludes it’s Annual Conclave on 30 Sept.

Faculty of Management Studies, University of Delhi hosted its annual conclave on the 30th of September at The Ashoka, New Delhi. This year the theme of the conclave was “Resurgence of India growth story”. The conclave brought together many eminent personalities from varied sectors in both government and private fields, and provided valuable insights through stimulating discussions. The event was attended by the faculty and students of the Faculty of Management Studies, Delhi.

Prof. Raj S Dhankar, Dean FMS Delhi after lighting the traditional lamp opened the discussion by talking about how the recession in the US affected India and how we managed to cope with it. He also talked about the reforms of 1991 and the economic growth they lead to. Professor Dhankar was of the opinion that real resurgence will happen when we look more inwards in terms of policy making and reforms.

The Conclave was divided into two distinct panels. The first panel featured eminent bureaucrats as speakers. They were Arun Kumar Jain, Member Secretary, National Human Rights Commission, Dr. Vijailakshmi Gupta, Former Secretary, Ministry of Defence, Finance Division, Shri Niranjan Pant, Deputy Comptroller and Auditor General of India, Dr. Archana Mathur, Economic Advisor, Ministry of Petroleum and Natural Gas, Dr Subhash Chandra Pandey, Joint Secretary and Financial Advisor, Ministry of Defence.

The first speaker of the day was Dr. Pandey. He spoke about the growth of our economy and the distribution issues. According to Dr. Pandey, growth is not well spread across sectors, regions and classes. The service sector has been growing tremendously whereas the agricultural sector is “the Achilles Heel”. Hence the real resurgence would require a lot of changes in this sector. He also spoke about ecological concerns, real estate issues, and problems of internal security. Adding to his thoughts, Dr. Archana Mathur, began by giving an overview of the Petroleum and Natural Gas sector and discussed India’s dependence on oil imports which continue to be more than 75% of the total consumption. She went on to discuss the NELP( New Exploration Licensing Policy) and the demand and pricing of petroleum products and how investment in this sector can play a major role in helping India write its resurgence story.

Arun Kumar Jain of the National Human Rights Commission spoke about partnerships between public and private domains (PPP model) and how these partnerships would be the building blocks of major investments in the development of the nation. He also discussed the social aspect of growth and the role of businesses in corporate social responsibility. He stated that media has a very critical role to play in development as it is pivotal for the dissemination of the relevant information and provides a mirror to the conditions of the society and its emancipation.

The post-lunch part of the conclave featured the second panel, which consisted of distinguished personalities of the corporate world from various sectors. They were Mr Raj Hosahalli, Executive Director – AAC (Advanced Analytic Consulting), Nielsen India, Mr. Piyush Garg, Executive Vice President ICICI Securities Ltd, Mr Saurabh Kumar, Director, Deloitte, Dr Anil Chawla, Global HR head, Tata Consultancy Services , Kamakshmi Raman, GM (HR), SAIL, Arvind Mathur, Chairman, Private Equity Pro Partners, Mr. Anurag Saxena ,Managing Director, Linkcoz Ltd.

Presenting the corporate opinion on the theme, the first speaker was Mr. Piyush Garg of ICICI securities ltd. He started by saying that understanding economics is crucial to making long term decisions. He stated that India needs to break out from the deficits and get into the zone of surpluses. He then discussed how the European countries are reducing their fiscal deficits and compared the global economy to the Indian economy. He discussed how the Chinese economy has an effect on the Indian economy and how we can make it a mutually beneficial phenomenon instead of looking upon it as a threat.

Mr Raj Hosahalli started by discussing India’s demographics and gave his valuable insights on how to best reach the customers. He discussed the needs and preferences of the young generation in India which compromises of the majority of the population and how fulfilling their demands would determine the drivers of the future.

Mr Saurabh Kumar stated that we lack consensus in politics and in industry. We Indians are good at recognising problems, but not at implementing solutions, he said. Hence, a whole attitudinal shift is required which would convert us from complainers to doers for a sustainable growth story.

Dr Anil Chawla gave a very insightful talk on IT infrastructure and an overview of Tata Consultancy Services. He discussed internal and external triggers for economic imbalance. He talked about the need to revamp our existing outsourcing models and how IT would still play a major role in spearheading the resurgence. Ms Kamakshmi Raman of SAIL talked of the demographic advantage that India has due to the vast population of people below 25 years. She discussed the importance of HR in developing an industry and stressed that PSUs offer an equally challenging work environment as any other company and youngsters should consider contributing to the nation from the public offices as well.

Mr Arvind Mathur encouraged the students to try and be entrepreneurs. He advised them to do an internship with a start-up to see how companies start their operations at a grass root level. He emphasised that a strong entrepreneurial spirit will ensure that we keep growing as a nation.

The final speaker, Mr. Anurag Saxena talked of looking beyond just the cliched countries which we do business with and encouraged the students to look at the whole continent of Africa which can provide huge opportunities. He discussed various issues from the African economy perspective and how it co-relates with India.

With these enriching perspectives from across the spectrum about the resurgence story of India, interspersed by the questions and injunctions of the audience, the conclave came to an end. The students of FMS Delhi thanked the panellists for the very interactive and enlightening session.

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FMS Delhi invites applications for MBA, Executive MBA & Ph.D Programmes 2013

The Faculty of Management Studies (FMS) Delhi, Delhi University has invited applications for MBA Full Time, Executive MBA & Ph.D programmes commencing from the academic year 2013. The application process will commence from today, 12 September 2012. The annual intake for it’s flagship MBA programme is 200, candidates must appear for the Common Admission Test (CAT) conducted by IIMs. The last date for registering for CAT 2012 is 19 September 2012.

Apply online

The last date to apply for FMS Delhi courses is 14 December 2012.

For more details, please visit below link

FMS Delhi Admissions 2013

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FMS Delhi Students sweep roads as a part of cleanliness awareness campaign

The Social Service Cell of Faculty of Management Studies (FMS), Delhi launched their “Social Awareness Campaign” this week. The campaign agenda is to sensitize people towards the importance of cleanliness, personal hygiene, education etc. FMS Delhi Students divided themselves into groups and took up a plethora of activities to create a considerable social impact.

The day started with the students cleaning up the roads and lanes in and around Delhi University, installing dustbins and sensitizing the citizens about the importance of cleanliness. The students came up with catchy slogans like “Humara Dilli Kaisa ho, Hamare Ghar Jaisa Ho” and shouted them at the top of their voices. The impact of these students can be well gauged from the fact that the nearby restaurant staff also joined in the awareness drive.

A group of students visited the slums of Malkaganj and spoke to the kids and families that lived therein about the importance of personal hygiene and education. The students also demonstrated how water can be treated using alum, and explained the causes of diseases like Typhoid, Dengue and what the dwellers can do to avoid these diseases.

While most of us just keep complaining about the apathy of the administration towards the common public, these students showed that it doesn’t take much out of the same common public to make an effort to keep their surroundings clean and hygienic. With proper planning and concerted efforts, each locality can manage to keep their surroundings as they should be. By carrying out the drive with just Rs. 300, the students demonstrated that cleanliness and maintenance of the environment does not need deep pockets and can be easily carried out by the common man.

Another group of students decided to spread awareness among rickshaw pullers, slum dwellers about AIDS and HIV. It was surprising to see many did not know about the incurable disease and the ways it can spread. The students made posters explaining in detail the vices of the disease, how it can spread and the preventive measures that can be undertaken.

While most of the activities that are carried out every year border mostly on the familiar, one group went a step ahead and carried out a different kind of an activity. These students decided to generate awareness among the public about Aadhar, the Unique Identification Project carried out by the Government of India. The students walked around the streets talking to the public about the UID project, its benefits and how to register for the same. The students even arranged for forms from the nearby Post Office, circulated them among the public, got them filled and deposited the completed forms back to the authorities.

“It is commendable to see the enthusiasm of the young students and their desire to sensitize citizens and contribute to the society. It only reinforces the belief that students of FMS are not only concerned about their own careers but also about the greater good of the society,” says Dibakar Das, President of Vihaan(Social Service Cell), Faculty of Management Studies.

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Silent Auction: FMS Delhi auctions Dating Tips, Camel rides, Poker Tutorials for a cause

Silent Auction is not just another auction where hammers are pounded and bids are screamed. It is the annual flagship event of Vihaan, The Social Service Cell at FMS, Delhi. The bids included items as unique as Dating Tips, Camel rides, Poker Tutorials, Midnight Bike Trips, Home Cooked Food, Rubic Cube WoSilent Auctionrkshop etc.

Dating Tips for 2000 bucks was one interesting item placed for all those guys who find it difficult to approach the fairer sex. Other bids included, Marketing Gyaan, Yoga classes, Martial Arts, Driving lessons, Old books, Self portraits, TV serials. Someone even offered washing clothes for the bidder. Around 25-30 items promised Finance sessions which was not so unexpected in one of the top B-Schools of India.

Over the last 5 years, the auction has been generating funds for social causes and this year the activities planned from the earnings include donation funds to NGOs, Cleanliness drive, Tree Plantation Drive etc. This year, the auction earned Rs. 1.68 lakhs as compared to the Rs. 1.46 lakhs last year. There were around 856 bids placed for the 221 items placed.

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Kiran Bedi Talks About The 7 Step Code To Success at FMS Delhi

The one person who has inspired generations with her courage, conviction and integrity is the living legend, Dr. Kiran Bedi. She was India’s first and highest ranking woman Police officer who single-handedly converted a notorious jail like the Tihar into almost a peaceful ashram. Among many other honours, she has also been decorated with the prestigious Ramon Magsaysay award.

Thus, it was indeed a grand occasion for the students of FMS, Delhi when this very epitome of endurance, integrity and devotion to duty came down to the campus to address them. She talked about the importance of leadership in every sphere of life and on how they, as the wealth generators of tomorrow could actually be ‘Value Generators’. She also came up with a seven step code for success for the emerging leaders of tomorrow. For many of the students it was an emotional moment where they got to meet and interact with their childhood idol.

Dr Bedi started off by asking the future managers about their goals in life. Explaining the importance of the first 100 days at a new workplace where we either establish or demolish what we promise, she recounted her experience when she was promoted as a Director General and had to take command of a sleepy and heavily bureaucratic branch of the Police. She explained the underlying organizational behavioural principles to her strategy which helped her in creating a highly integrated, responsible and accountable team. She then proceeded to her Seven-Step code for success – Work Habits, Sensitivity, Skills and Knowledge, Proactivity, Hunger for Knowledge, Team Work and Communication Skills.

After this the house was thrown open to questions which saw several eager hands shoot up in the air. Talking about the scanty interest of today’s youth in working for the have-nots, Dr. Bedi said that the seeds of compassion and sensitivity for the underprivileged need to be sown at an early age. She recalled her own days of volunteering for the Red Cross at the tender age of 14 and encouraged the students to volunteer for internships at her two foundations- Navjyoti India foundation and India Vision Foundation to get sensitized to real issues. Answering another question, Dr. Bedi said that earlier the question used to be “How can a woman do it?”, but now the question has become “How dare she leave us behind?” – leading to vehement nods from the women in the audience. She laid great emphasis on the importance of an understanding family which she described as her bedrock of success. Dr. Kiran Bedi rounded off the discussion by encouraging the students to manage their own expectations and do the right thing by listening to themselves. She urged them to be good human beings, nurture relationships and do their duty without expecting anything in return.

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