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Infosys to train 1800 graduates with a stipend of Rs 10,000 PM

Lately IT major Infosys has announced that it intends to train 1,800 Graduates at their campuses batch wise. These graduates will undergo a 3-month rigorous training program that will cover the basics of IT and help them build a strong understanding of concepts. Some of the courses covered include data structures, RDBMS concepts, algorithms, object-oriented concepts, programming, etc. In addition, the program will also impart soft-skills training to improve communication and interaction skills of the graduates. The course is designed to help these students learn in a world-class environment.

Graduates who are selected for Spark-IT will receive:

  • Reimbursement of one-time onward and return travel expenses
  • A stipend of INR 10,000 per month
  • Boarding and lodging allowance of INR 5,000 per month
  • Twin-sharing accommodation within the campus, chargeable at INR 3,000 per month
  • Hospitalization, medical, and personal accident insurance

Disclaimer

Undergoing this training program does not guarantee employment at Infosys or outside.

For any queries, write to Infosysspark_query@infosys.com. Or, call on 1800-3000-4747 between 8:30 a.m. and 5:30 p.m., Monday to Friday.

​ICAI Campus Placement Programme – August, September & October, 2014

As one of the prominent accounting bodies worldwide, The Institute of Chartered Accountants of India (ICAI) has achieved recognition for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. The Institute has been playing a proactive role in formulation and implementation of technical standards on accounting.

Starting with a handful of about 1700 members, today, the strength of Chartered Accountant fraternity has grown to over 2.35 lakh members. On the education front, the ICAI began with mere 259 students and today more than 8.50 lakh active students are a part of ICAI.

The ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a year and is committed to provide world class placement services to the Members and best accounting and finance talents to the industry. Campus Placement Programme provides an opportunity to the employers to interact with newly qualified Chartered Accountants peruse their particulars and recruit the suitable candidate in their organizations. Candidates were given two chances to meet the recruiting organisations via opting for two centers, 1st at smaller center and 2nd (if the candidates have not been selected at smaller center) at bigger center.

CA.K.Raghu, President, ICAICA.K.Raghu, President, ICAI said “The placement programme provided an excellent opportunity for topline Indian companies to recruit the finest minds in the accountancy space. Chartered Accountants provide essential strategic guidance, expertise and consultancy across a vast array of business activities and sectors.”

The government is undertaking several initiatives in key sectors and financial inclusion is going to be a key growth area.  Accountancy is one of the most significant segments of the rapidly expanding economy. It is seen that the CAs are in great demand not only in the traditional sectors like banking, financial services or manufacturing but even in the new generation sectors like the IT, ITS, telecom, Risk and Assurance Services ,Infrastructure and Retail etc. Chartered Accountancy has emerged as a unique profession of considerable importance in view of the integrated globalized scenario.

Raghu added “Chartered Accountants today are technically equipped to act as management consultants and play a vital role in assisting business and industry to improve the use of their resources, increase their efficiency and achieve their objectives. The breadth of management advisory services rendered by CAs reflect their expertise in diverse areas.”

In view of the above, the future of the accountancy profession is going to be very promising in times to come. Accountants can indeed play a greater role in the economic development of the country.

In its endeavor to provide quality Accounting, Finance, Tax, Audit and Management Consultancy personnel to recruiting entities, the ICAI successfully organised one more round of Campus Placement Programme for Newly Qualified Chartered Accountants at 19 centres viz. Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, Nagpur, Navi Mumbai, New Delhi, Pune, Thane & Vasai in August-September-October, 2014.

Summary of Campus Placement Programme-August, September & October, 2014

  • ​​952 Chartered Accountants accepted the Job offers.
  • The Highest salary offered for Domestic posting was Rs. 17 lacs Per Annum.
  • The Highest salary offered for International posting was Rs. 24 Lacs per annum.
  • The average CTC offered was approx Rs 7.28 Lacs Per Annum.
  • Organizations like Tata Consultancy Services Ltd., The Federal Bank Limited, ITC Limited, Barclays Shared Service Pvt. Ltd., ICICI Prudential Life Insurance Co. Ltd., Cairn India Ltd., Coca Cola India Inc., L&T, Marriot Hotel, Jindal Steel and Power Ltd. & Alghanim Ltd., Wipro Limited, Bharat Petroleum Corporation Limited, Genpact AIG, Bosch Limited, Reliance Industries Ltd., Engineers India Ltd., GAIL India Ltd., Indraprastha Gas Ltd. etc. and many more participated in the Campus Placement Program.
Salary Range (per annum) Number of Candidates
Rs. 9,00,000 and above 201
Rs. 7,50,000 to Rs. 9,00,000 135
Rs. 6,00,000 to Rs. 7,50,000 336
Rs. 5,00,000 to Rs. 6,00,000 246
Rs. 4,00,000 to Rs. 5,00,000 21
Rs. 3,00,000 to Rs. 4,00,000 13
Total 952

 

Quiet strange how a reputed B-School failed to protect data from Google

Kirloskar Institute of Advanced Management Studies – KIAMS has campuses in Harihar & Pune. While searching about the PGDM specializations the Institute is offering something strange and unusual has happened. The applicant details of the 2014-16 batch (atleast some of them) are indexed by Google and shown in the search results.

kiams

For the search query “kiams pgdm specializations” the above results have been displayed by Google, on clicking those results the applicants registration data is available for public display. One of them as below:

kiams_data

We strongly urge the management of KIAMS and the web admin to take this issue and block certain URL’s being indexed by the search engines. The web admin can also request Google to remove the URLs which are indexed to protect privacy of the registrants.

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Image Credit: http://www.freedigitalphotos.net/

ICAI completes proceedings in Satyam case

As a part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of ICAI is working assiduously. Disciplinary Directorate of ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 and Rules framed there under.

CA.K.Raghu, President, ICAI said ” In the wake of Satyam scam, disciplinary action was initiated against the concerned Statutory Auditors including audit incharge(s), then CFO of the Company and Head of Internal Audit Department. After completion of enquiry against the aforesaid persons, the Disciplinary Committee having found them guilty of professional misconduct has awarded the maximum punishment of removal of their name(s) from the Register of Members permanently and also imposed a fine of Rs. 5 lakh each on them.

The Appellate Authority constituted under Section 22A of the Chartered Accountants (Amendments) Act, 2006 in all cases, except one case which is yet to be heard by the said Authority, has also upheld the decision of the Disciplinary Committee of ICAI.”

Budget 2014: 10 things you should know in Personal Finance

As the 2014 Budget is out; often you are faced with questions related to budget in the selection process of Business Schools, Finance Job Interviews. The below are the 10 things you might like to keep on your finger tips.

2014 Budget Highlights – Personal Finance

  1. Income tax exemption limit raised from Rs 2 lakhs at present to Rs 2.5 lakhs
  2. For Senior Citizens Income tax exemption limit raised from Rs 2.5 lakhs to Rs 3.0 lakhs
  3. Section 80C investment limit raised from Rs 1 lakh to Rs 1.5 lakh for tax benefits
  4. Tax exemption on interest component on housing loan raised from Rs 1.5 lakhs  to Rs 2 lakhs
  5. Annual Public Provident Fund PPF ceiling to be enhanced from Rs 1 lakh to to Rs 1.5 lakhs
  6. A special small saving scheme will be introduced encourage savings towards education & marriage of girl child
  7. Kisan Vikas Patra to be reintroduced for planned and unplanned savings under small savings schemes
  8. EPFO to launch unified account scheme to ensure Provident Fund portability
  9. Cheaper Housing Loan & Tax Incentive for LIG – Low Income Groups. Allocated Rs. 4000 for same.
  10. Insurance sector FDI to be hiked to 49%, from 26% leading to increase in Insurance penetration.

Seminar on ‘Being an entrepreneur in a complex world’ by WeSchool

Gain insights about the 11 months Entrepreneurship Program on 11th and 12th July, 2014

We SchoolThe volatility and complexities of the economic environment in India has made not only growth but also survival for businesses a challenge. In spite of the odds, there has been an increase in the number of entrepreneurial ventures that have come up recently. Entrepreneurs are one of the key drivers of growth in any developing economy like India. They act as the facilitators of change by creating new products, solutions, business strategies etc apart from supporting the society by creating jobs, carrying out various CSR activities and the like.

According to the EY G20 Entrepreneurship Barometer 2013, India is ranked in the 5th position for coordinated support. India’s abundant resources needs to be better utilized to help create a robust and nurturing atmosphere for its aspiring entrepreneurs. Apart from a healthy ecosystem and positive culture, right education also plays a vital role in duly guiding the budding talent. The report also ranks India at 11th position for entrepreneurship culture and 20th position for education and training, thus clearly setting out the need for bringing about considerable changes in the education system. Inspiring ideas and ambitious dreams have lead to the expansion of India’s entrepreneurial landscape.  However, the inability to rightly channelize the ideas and talent will create an unsupportive framework for them if not suitably mentored.

Hence, to help and lead aspiring entrepreneurs on to the right path, educational institutes areproviding various modules in entrepreneurship. Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool), one of the leading B-Schools in India has formulated a specialised course, Post Graduate Program in Entrepreneurship (PGP- Entrepreneurship)’,  based on the AAA (Acquisition, Application and Assimilation of Knowledge) model similar to that at Harvard Business School.

To provide more insights on the program and its outcomes, WeSchool will be organizing multiple free seminars on the theme, ‘Gain insights about the 11 months Entrepreneurship Program’ on 11th and 12th July, 2014. These will be beneficial for 1st and 2nd generation entrepreneurs, SME owners from diverse industry sectors and aspiring entrepreneurs interested in starting their own business or from established family run businesses. The session will help in getting information on the course structure, program highlights, eligibility, application procedure, fee structure, career opportunities and the like. It will also focus on the current business scenario in India and how the course will help entrants in shaping themselves by honing their skills and capabilities to be able to lead their businesses successfully in this complex world.

For the convenience of the students across the city, these free seminars are being held at Andheri and Thane on 11th and Weschool campus (Matunga) and Vashi on 12th July 2014.

Please find details on the time and venue below.

Date: 11th July 2014; Time: 6pm to 8pm

Thane – Hotel Satkar Grand, Opp Aplab Ltd, Wagle Estate, Thane (West)

Speaker – Prof. Victor Manickam, WeSchool

Andheri – Hotel Karl Residency, 36, Lallubhai Park Road, Andheri (West)

Speaker: Dr. S. Gondhalekar is a leading business consultant and   a mentor   to  various   organisations  and   entrepreneur across 22 countries.  He Is the Professor-In-charge for PGP-Entrepreneurship Management at WeSchool.

Date: 12th July 2014; Time: 6pm to 8pm

Matunga – Prin L N Welingkar Institute of Management, Matunga Central, Mumbai 19.

Speaker:  Dr. S. Gondhalekar, WeSchool

Vashi – Hotel Regenza by Tunga, Next to Center one Mall, Vashi

Speaker – Prof. Victor Manickam and Prof. Sapna Malya, WeSchool

For more details on the seminar please contact: Anahita Guha – 9867581591

About WeSchool

Established in 1977, Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) features among the premier Business Schools in India. Run by charitable Trust S.P. Mandali, Pune, all across the state of Maharashtra, WeSchool is ranked 10th among the top private B-Schools, 8th in international linkages by Forbes India in their best Business School survey in July 2011 and ranked 16th in Economic Times – India Inc’s Preferred B Schools survey 2011.

GATE 2015 important dates, registrations open from 01 Sep 2014

Graduate Aptitude Test in Engineering commonly called as GATE is an all India examination that primarily tests the comprehensive understanding of the candidate in various undergraduate subjects in Engineering/Technology/Architecture and post-graduate level subjects in Science. GATE score is used for admissions to post-graduate programs (e.g., M.E., M.Tech, direct Ph.D.) in Indian institutes of higher education with financial assistance provided by MHRD and other Government agencies. The score may also be used by Public and Private Sector undertakings for employment screening purposes. GATE 2015 will be organized by IIT Kanpur.

Important dates for GATE 2015

GATE Online Application Processing System (GOAPS) Website Opens:
Enrolment, Application Filling, Application Submission
1st September 2014
(00:00 Hrs)
Last Date for Submission of Online Application through Website
1st October 2014
(23:59Hrs)
Last Date for Request for Change in the Choice of Examination City via GOAPS login
21st November 2014
Availability of Admit Card on the Online Application Interface for printing
17th December 2014
GATE 2015 Online Examination
Forenoon: 9.00 AM to 12.00 Noon
Afternoon: 2.00 PM to 5.00 PM
31st January, 1st, 7th, 8th and 14th February, 2015
Announcement of Results on the Online Application Website
12th March 2015
(17:00 Hrs)

GATE 2015 Information Brochure

For more details on GATE 2015, Refer GATE 2015 official website

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Delhi University drops 4 Year UG courses

Delhi_University's_official_logoUnlike the traditional way, last year the Delhi University has experimented a 4 year degree course to enhance more flexibility to it’s students. The students can choose the subjects they wish to study under the 4 years degree scheme, it became controversial when the HRD Minister Smriti Irani  announced scrapping of the 4 year degrees.

Students held protest, it went so long that the Delhi University UG admissions were on freeze; till the dilemma is resolved. According to a statement issued by Delhi University Vice Chancellor Dinesh Singh, the University will roll back it’s degree programme to three years instead of 4 years. This should ease the confusion between the UGC & the University, Delhi University is one of the oldest universities in India established in the year 1922. Delhi University is fully funded by the Government of India.

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ICAI launches Flexi Working Portal for Women Members

Portal_for_Women_MembersIn this knowledge era, when gender doesn’t matter as much as talent and expertise do, more and more women turn into professionals and are proving their mettle by playing an important role in every sphere of business and industry nationally as well as internationally.  Indian accountancy profession is no exception to this phenomenon.

Today,  ICAI  can  boast  of  women comprising  21.1%  of  the  total  membership and girls students  comprise of 36%  share  of  active  students. As on date, there are approx 48,658 women members. It is indeed commendable that women accountants are consistently leaving their mark of excellence on corporate world while more and more young CA girl students are making it to merit list of CA examinations very frequently.

The immense  potential  that lies  embedded  in  these  encouraging  numbers  is still  vastly  untapped  and  needs  to  be  harnessed, strengthened   and   empowered   further   in   the interest  of  CA   profession,  our  society  and   nation. The Institute of Chartered Accountants of India (ICAI) believes that to tap the enormous potential of women professionals, there is a need to help them find flexible working conditions so that they can pro-actively contribute towards the growth of CA profession and also towards the economy at large, while simultaneously managing their commitments at domestic front.

CA. K Raghu, President ICAI, said ” Women are  skilled at multitasking, and they  tend  to  take  a  larger  share  of  responsibility wherever they are, including in our profession. As such, if we empower women, we actually empower ourselves. As the leader of the Indian accountancy profession, I am particularly alive to this cause.”

To provide the women members a medium through which they can explore suitable opportunities which provide part time jobs, jobs with flexi hours or jobs with work from home option, ICAI has recently  launched a ‘Flexi Working Portal for Women Members’. Besides providing  job opportunities, it will also have important announcements of ICAI, details of events, success stories and articles by women professionals, and feature a section on health tips. This portal will not only serve the interest of women members but will also enable CA Firms and industry to tap talent pool which might not be accessible otherwise in normal course.

To make effective use of this new initiative the members are required to post job requirement(s) having option to work part time or flexi hours on this portal (http://womenportal.icai.org/). This portal will serve the best interest of both the job seekers and employers.

CA. K Raghu, President ICAI, added, “Providing part time/ flexi hours option will be very cost effective to our practicing members specially SMPs who look for addition human resources during peak audit season like corporate audit, bank audit, tax audit etc.”

In less than a year, Apex court rolls back it’s stance on AICTE

Last year on 25th April, the Hon’ble Supreme Court said that the All India Council for Technical Education (AICTE) has no role to play in the technical & management courses offered by Universities. This has not only limited the powers of AICTE but has put a serious trouble for the education institutes which were subjected to dilemma on whether to follow UGC or AICTE guidelines.

In less than an year, the Supreme Court has rolled back it’s stance by giving the wings back to AICTE. For the next academic year the AICTE will take over the authority over the technical & management institutes. This includes colleges offering B.E or B.Tech and MBA or PGDM courses. For now, AICTE approval is a must whether one opts for an UGC approved University course or an autonomous course.

It is believed that the intervention of AICTE will ensure quality of the education offered by the technical & management courses, since the required expertise to lay norms isn’t with in the reach of UGC.

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