Bimtech Campus Review

SUCCESS &SUCCESS & HAPPINESSHAPPINESS SUCCESS &SUCCESS & HAPPINESSHAPPINESS SUCCESS & SUCCESS &
&SUCCESS & SUCCESS & SUCCESS &SUCCESS & SUCCESS &SUCCESS HAPPINESSHAPPINESS HAPPINESSHAPPINESS SUCCESS &SUCCESS & HAPPINESS SUCCESS &SUCCESS & HAPPINESSHAPPINESS HAPPINESS HAPPINESSHAPPINESS SUCCESS & SUCCESS & SUCCESS & SUCCESS & HAPPINESS HAPPINESSSUCCESS & HAPPINESS HAPPINESS SUCCESS & HAPPINESS HAPPINESS SUCCESS & SUCCESS & SUCCESS & SUCCESS & SUCCESS & SUCCESS & HAPPINESS HAPPINESS HAPPINESS HAPPINESS HAPPINESS HAPPINESS HAPPINESS HAPPINESS
SUCCESS & SUCCESS & SUCCESS & SUCCESS & HAPPINESS HAPPINESS HAPPINESS HAPPINESS SUCCESS & SUCCESS & SUCCESS & SUCCESS & HAPPINESS HAPPINESS HAPPINESS HAPPINESS SUCCESS & SUCCESS & SUCCESS & SUCCESS & HAPPINESS HAPPINESS HAPPINESS HAPPINESS
A QUARTERLY PUBLICATION OF THE BIRLA INSTITUTE OF MANAGEMENT TECHNOLOGY, GREATER NOIDA, INDIA
For Private Circulation Only Volume XIV, Issue 8, December 2013
SUCCESS & SUCCESS & HAPPINESS HAPPINESS
www.bimtech.ac.in
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Success Happiness
SPECIAL ADDRESS BY HIS HOLINESS THE DALAI LAMA
HIS HOLINESS THE DALAI LAMA BLESSES BIMTECH WITH
December 2013
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he BIMTECH family was truly blessed by having the life time opportunity of inviting His Holiness the Dalai Lama on December 1, 2013. It was our privilege of welcoming the fourteenth Dalai Lama, Tenzin Gyatso to the city of Greater Noida for the first time in his life. Thus, our 25th Anniversary Celebration concluded with lessons on spirituality and hope. A select gathering of corporate leaders, civil servants, academicians, professionals, diplomats and parents of students agreed to become the lively audience to listen to the epitome of compassion, the Nobel Peace Prize awardee, His Holiness The Dalai Lama. The event took place at the Jaypee Integrated Sports Complex, Greater Noida. On behalf of the Birla family, Smt Rajashree Birla, Chairperson of the Aditya Birla Centre for Community Initiatives and Rural Development and Smt Jayashree Mohta, the Chairperson of BIMTECH were especially present to welcome His Holiness. He was presented with a bouquet of flowers and a garland of Khadi yarn as a symbol of Gandhian legacy. He then took part in lighting the lamp. There were words of welcome from Dr H Chaturvedi, Director BIMTECH, as well as from Smt Jayashree Mohta and Smt Rajashree Birla. Smt Birla said how shed felt inspired from his interviews and his writings and felt that compassion is a great inner strength, a unique way of binding oneself into the concept of universal family or Vasudhaiva Kutumbakam. Smt Jayashree Mohta and Smt Rajashree Birla quoted from several of His books and speeches.
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I consider myself to be just another human being with not much difference between us. I remember it was perhaps 20 April 1959 that I reached Birla House in Mussoorie after several days of journey by train. Soon afterwards, Pandit Nehru came to see me. I met him for the first time in Peking in 1954, then again at the time of the Buddha Jayanti celebrations in 1956.
Dr. H. Chaturvedi welcomed His Holiness to Greater Noida, a part of Uttar Pradesh, which contributes to 25% of the states GDP. With His Holiness arrival, Dr. Chaturvedi observed, that the whole environment was filled with grace and peace. When His Holiness took the microphone, he felt nostalgic about his relations with the Birla family, which began with his early days in India. It was in the house of Late G. D. Birla at Mussoorie that he spent his first year in exile before moving to Dharamshala. In a brief meeting before his talk, he was presented with a framed photograph of himself with Syt B. K. Birla and Smt Sarala Birla on the veranda of Birla House in 1959.
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Its a great honour for me to have this opportunity to share my views and experiences with brothers and sisters like you, His Holiness began. I consider myself to be just another human being with not much difference between us. I remember it was perhaps 20th April 1959 that I reached the Birla House in Mussoorie after several days of journey by train. Soon afterwards, Pandit Nehru came to see me. I met him for the first time in Peking in 1954, then again at the time of the Buddha Jayanti celebrations in 1956. By then there was already trouble in Tibet and I told him I was thinking of not going back. He advised me that it would be better to go back and to try to manage the situation on the basis of the 17 point agreement. Its been nearly 55 years since I came to stay at Birla House. I lost my home and found a new one in India, a country Id always felt close to because of my studies. The Government of India took care of us. I am a refugee, but Im also the longest staying guest of the Indian government. As a result of Indias help and the freedom Ive enjoyed here, Ive learnt many things, among them the ancient Indian concept of ahimsa or non-violence offered the vote of thanks. He went on to explain that non-violence is not necessarily indicated by the quality of the action, but according to the motivation for it. He said that if we want to cheat and take advantage of someone and we smile, use sweet words and even proffer a gift, thats a form of violence because of our negative motivation. On the other hand if, out of sincere concern for others well-being, we use harsh words, because our motivation is positive, this counts as non-violence. Corruption is widespread and is quite serious here in India; along with cheating and deception, it counts as a form of violence. Peaceful, non-violent action is related to warm-heartedness, which is something we need to promote on the basis of secularism. Because India is a multi-religious society, the freedom fighters decided there should be a secular constitution. It wouldnt work to impose one religion or another, whereas secularism, from the Indian point of view, is respectful of all religions and even of the right to be agnostic. This is exemplified by the response to the ancient Charvaka or Hedonist school of thought, which challenged the spiritual approach. Nevertheless, even their teachers were referred to as rishis or sages. Ive read that of the 7 billion human beings alive today, at least 1 billion claim to be non-believers. But of the remaining 6 billion who apparently have some faith, many are fairly superficial about it. Unless you are serious and sincere about religious practice, there is a grave risk of hypocrisy. Indeed, religion can clearly be used to exploit and manipulate people, when there is a lack of moral principles. Since my first visit to Europe in 1973, I realised we need to develop a sense of global responsibility, which treats the whole of humanity as part of our concern. Nobody wants problems, but we create them. They spring directly from our self centred attitude. The opposite of this, compassion and concern for others, is the key factor in the creation of a more peaceful world. If we base our compassion on religious faith, therell be limits to it. If, instead, we take a secular approach, there are no limits to what we might achieve.
December 2013
Excerpts from the Question and Answer Session:

Q. Your Holiness, we see a lot of suffering all around. How can then we believe that God exists? His Holiness: Problems and suffering have their source in ignorance. Therefore, the solution lies in education. The existing education system is very much oriented towards materialism. There is a need to include education of morals and values in a secular way in our education system. Q. Which is more important, wisdom or moral principles? His Holiness: Because wisdom directs one to be honest and truthful, wisdom is more important! We consider ourselves religious and pray to God but in our day-to-day conduct we forget the principles of honesty, justice and compassion. Wisdom gives us the judgement to distinguish right from wrong. Q. What comes first, success or happiness? His Holiness: I dont know, other than to suggest that happiness is related to having a calm mind. And a calm mind provides the basis for distinguishing right from wrong. Q. How strong is the movement for a free Tibet? How much support has he garnered from China? His Holiness: Its a political question! Since I have retired from political concerns, it may be difficult to respond. Nevertheless, I recollect passing through the Chinese city of Xian on the way to and from Peking in 1954-55. Sitting on the ancient city wall, the guide pointed out that it was where the Tibetan different solution. Because Tibet is materially backward, despite being culturally and spiritually rich, it is in Tibetans interest to remain with the Peoples Republic of China. Just as the Palestinian problem can only be resolved through dialogue, the Tibetan issue also needs a mutually acceptable and beneficial solution. We have to live together, thats why we seek mutual benefit through the Middle Way Approach (MWA). So far there has been no concrete response from the Chinese government, but among Chinese intellectuals, writers and activists there is great sympathy and solidarity for Tibet. Meanwhile, Chinese hardliners continue to accuse us of being separatists. They know we are not, but they keep up the propaganda. It seems these hardliners need the idea of separatists to give them the excuse to keep up their crack down. The whole world knows we are not against the Chinese people. The governments of India, USA, and Europe support our MWA; this is a sign that it is realistic. As a token of gratitude at the end of his talk, BIMTECH offered His Holiness a Patachitra- a traditional painting from Odisha, illustrating the life of the Buddha and requested him to bless a Bodhi tree that will be planted in the BIMTECH campus. Dr. Anupam Varma, Deputy Director of BIMTECH offered the vote of thanks.
His Holiness the Dalai Lama is presented with a photo of himself with Mr & Mrs BK Birla on the veranda of Birla House taken in 1959/60 before his talk in Greater Noida, India on December 1, 2013.
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His Holiness said that we need to reflect on our common experience: our birth from our mothers and the affection with which she cared for us, it should give us the ability to be affectionate to others. From my own experience I can tell you that peace of mind is effective when it comes to our physical health. Scientists are verifying this with experiments to measure the benefits of meditating on compassion, from a secular point of view, over a period of three weeks or so. They found lower blood pressure, less stress and improved interaction with others. So, success and happiness are directly related to developing a calm mind rooted in compassion. If we pay attention to inner values, life can be happy. There will be problems, but the crucial issue is how we approach them. He was jovial throughout the session, laughing heartily and reflecting at things with both wisdom and reality. His Holiness also invited questions from the audience.
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December 2013
ne of the contemporary world's greatest transformational leaders, the Dalai Lama, is cast in a totally different mould. Reserved and respected by millions across the globe, he has no overt base of power, no political position, no army and no control over economic resources. Yet, he strikes a powerful and positive chord in a world riven by materialism that is divided by constant conflict and strife. However, the Dalai Lama's influence is a profound one, more so because he consistently offers the message of peace, hope and humanity. It is so true that the Dalai Lama's quite persuasion and reaching out, has drawn many to the message of Buddhism. He has made Buddhism more contemporary so much so that today, his positive perspective and teachings are part of mainstream spiritual thought. Over the last 50 years the Dalai Lama has relentlessly transmitted the message of peace, non-violence and tolerance to millions of people across the globe. At a personal, individual level also, the Dalai Lama's presence tends to rekindle and reaffirm the fact that every human being is trying to achieve peace of mind, tranquility and happiness. The journey towards these goals can be attained, in the eyes of the Dalai Lama, through pursuing what I understand as the three-fold path. First, having genuine compassion; second, minding the mind and third, being aware of the law of impermanence. I shall very briefly share these leanings with you. First, on the importance of compassion: Compassion gives us great inner strength. It is spirituality of the highest order, for it leads to positivity and contentment. It is negation of the feeling of hatred, revenge and criticism of fellow sentiments. In compassion, as the Dalai Lama says, is that unique sense of caring, which binds people into a single human family. In sum, it upholds the principals of vasudhaivakutumbakam, that the world is one family. I move on now to the second major learning which is that of 'minding the mind'. The mind can sway you; it can manipulate you. The mind can control you completely. The Dalai Lama's teachings focus on the Buddha dharma as an instrument that helps one keep the mind always in a good frame. He emphasises that we must not let storms of the heart blank out the sun in the mind. Instead, we must learn to mould our mind, never regretting the past, and taking forward its lesson into the future. In other words, beat the game of expectations by keeping your compass always on the sunny side of human nature. From this flows the third important learning which is becoming aware of the fundamental law of impermanence. This encapsulates the sequence of birth and death, and the illusory reality of worldly existence, what is referred to as maya the transitory nature of all phenomena. Nothing is forever. The lesson here is know that life is a river, so go with the flow. This is the sum of the three-fold path, which one has gleaned from the teachings of the venerated Dalai Lama. And as he points out, still, one remains a seeker; always. Smt. Rajasjhree Birla is Chairperson of the Aditya Birla Centre for Community Initiatives and Rural Development.
HUMAN NATURE
SIDE OF
THE SUNNY
PLANNING THE WAY FORWARD

BOARD OF GOVERNORS ASSESS PROGRESS
SMT. RAJASHREE BIRLA'S ADDRESS ON THE OCCASION OF HIS HOLINESS- THE DALAI LAMA'S VISIT TO GREATER NOIDA ON BIMTECH'S INVITATION.
n September 30, 2013, a meeting with the Board of Governors was held for reviewing the activities for the year 2012-13 and getting guidance from the seasoned Board members. Among the Board members Dr. Ajit Ranade, Mr. Vikash Kandoi, and Dr. H. Chaturvedi attended the meeting. Dr. Prithvi Yadav, Director of BIMTECH, Bhubaneswar, Deputy Director, Dean Research and Registrar attended the review meeting along with Area Heads for reporting achievements and strategies on the way ahead to placements, admissions, research, progress of Bhubaneswar campus and several other areas. Deputy Director, Dr. Anupam Varma presented a report on all major activities at the institute. The Board members suggested that the institute should involve more students in CSR activities so that more values could be built in students before they move to the corporate world. Convener Admissions highlighted improvement in the quality of students admitted this year by way of increase in CAT percentile cut off. During the discussion, board members also talked about the strategy for boosting the confidence among Bhubaneswar (BBSR) students and their parents for placements and teaching-learning processes by replicating the Greater Noida campus teachinglearning processes. Chairperson, CCR took up the placement review and stated the efforts made by the CCR team in placing the 2011-13 batch and also apprised everyone with the strategy for placements for the batch of 2012-14. It was highlighted how continuous efforts for revamping of curriculum have been made to come closer to the industry needs. The courseware and pedagogies are being revised after studying different Indian and global pioneer B-schools. Every year, Academic Advisory Committee meetings are held to review the course structure by inviting industry experts.
On Research and FDP front, the Board advised that in the long run we should shift our focus on FPM and EFPM and tie up with other university Ph. D degrees for better brand affinity. Performance on MDP Activities was also presented. Board suggested editing the 30 minutes NDTV telecast on HR round tables to be converted into professionally made 3-4 minutes high quality clips on sub themes and be uploaded on YouTube for greater impact. Incubation centre presented a progress report of total 6 incubates registered out of which 4 are now running companies and rest 2 are at different stages of development. Director of BBSR, Dr. Prithvi Yadav campus presented a report on the status of planned and completed construction and the strategy on how the challenges of admissions and other fields can be met in coming years. Members suggested putting in timely efforts for achieving targets for next two years and building a strong faculty team for taking things ahead. International Alliances and partnerships progress report highlighted tie ups and the number of students coming from or visiting abroad under the Exchange Program and other joint research work. Board suggested that we should get more joint research projects from overseas partners. Shri Vikash Kandoi, member, BOG met with the Conduit members and CRs of all programs and expressed pleasure that students are satisfied with all the facilities provided to them and their clarifications related to excellence in academics. Members also interacted with all faculty during lunch and expressed satisfaction and appreciated the progress made by the institute on several fronts.
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December 2013
IMTECHs 25th Convocation function was held in the lush green lawns of the Institute on November 1, 2013. The entire campus had a festive air with decoration of flowers, buntings and lights. The atmosphere was full of awe, nostalgia and pride. The former Finance Minister of India, Shri Yashwant Sinha was the Chief Guest. Dr. Ajit Ranade, Member of the Board of Governors of BIMTECH and Chief Economist, Aditya Birla Group and Shri Vikash Kandoi, Member of the Board of Governors of BIMTECH also graced the occasion. The convocation day, for any educational institution, is a great event in the life of the scholars, parents and guardians, faculty and all stake holders of an institution. It is a day of hope, of fulfilment and of plans for the future, Shri Vikash Kandoi, Member, Board of Governors BIMTECH said in his welcome address. Dr. Ajit Ranade enlivened the environment with quotations of Swami Vivekananda Arise, Awake and Stop Not till the Goal is reached and of Steve Jobs Stay Hungry (for success) and Stay Foolish (for miraculous achievements). His encouragement reflected in his words that the moment belonged to the Diploma awardees and the gathering was a celebration of their achievement. His wise words invoked a sense of responsibility in one and all, as he said, For turbulent uncertain times, the knowledge imparted to you by your alma mater shall act as a travellers compass and shall guide your conscience to take up challenges. Before presenting the progress report of BIMTECH for the year just concluded, Dr. H. Chaturvedi, Director of the Institute, welcomed the awardees into the alumni network of the college and observed that hereafter, the professional achievements of the awardees in the global arena will keep on making the BIMTECH family proud. In the annual report, he focused on the stress being accorded to academic excellence and in strengthening the team of faculty, research scholars and also female entrepreneurs in the dedicated program in association with ISB Hyderabad and Goldman Sachs. He mentioned the introduction of Fellow Programme in Management and Executive Fellow Programme in Management which have given the institute a strong stand in research domain. Also, in association with the Federation of Indian Export Organizations (FIEO), BIMTECH has launched a new six month Diploma course in Foreign Trade whose first batch of forty students has passed out. He proudly said Speed of action and excellent delivery are our hallmark. Addressing a lively audience of about 750 students, academicians and invited guests, Shri Yashwant Sinha, stated that the young graduates must assess the true features of the economy in order to take correct business decisions. He noted that since our country has not been able to sustain over 7% annual growth rate, theres a general sense of disappointment. He stressed that instead of consumption led growth, focus must be shifted to investment led growth since the former curbs sustainability of a high annual GDP growth rate. Also, a large part of the fiscal deficit is the revenue deficit which stems from consumption led expenditure. So a lack of investment will hurt perpetual economic growth. The delayed tapered quantitative easing by the US Federal Reserve is only a temporary factor for a healthy stock market. Supply side measures from the government will lead the path for sustainability. The chief guest concluded with giving a four point formula to the passing out students by inspiring them to perform their duties with Commitment, Courage, Ethics and Excellence. The Diplomas were awarded to students from all the five programs viz. Post Graduate Diploma in Management, PGDM in International Business, PGDM in Insurance Business Management, PGDM in Retail Management and PGDM in Sustainable Development Practices. Continuing the tradition of the BIMTECH PLEDGE, the Diploma awardees exuberantly stood up to take the oath and cheered themselves and their friends on the occasion. Deputy Director Dr. Anupam Varma expressed his vote of thanks. A dazzling display of fireworks was the apt finale for the grand event.
CONVOCATION
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Excel in your pursuit, be ethical in your corporate life, courageously go places, taking risks and live with commitment.
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SHRI YASHWANT SINHA, MP

FORMER FINANCE MINISTER, GOVT. OF INDIA AND CHAIRMAN, PARLIAMENTARY STANDING COMMITTEE ON FINANCE
For turbulent uncertain times, use your knowledge as travellers compass to guide your conscience to take up challenges.
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DR. AJIT RANADE

CHIEF ECONOMIST, ADITYA BIRLA GROUP
DAWN
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December 2013
he foundation day holds a very special place in the heart of every member of the BIMTECH clan. Celebrated each year with much enthusiasm, the 26 Foundation day of BIMTECH was no exception. The famous ASMITA Theater Group marked the beginning of the celebration by performing their famous play 'Court Martial', written by Swadesh Deepak, on October 1, 2013. The auspicious morning of Gandhi Jayanti was given a spiritual start with a Sarva Dharma Prarthana Sabha, an amalgamation of prayers from all religions, as a tribute to Gandhijis vision of a united India. Prayers from all the six major religions practiced in India, namely Hinduism, Islam, Sikhism, Jainism, Buddhism and Christianity, were presented by the students. Prof. P S Nagpal introduced the guest artiste Ms Vidya Shah and her accompanists. He informed the audience how the tradition of Prarthana Sabha was adopted by Shri G D Birla, founder of the Birla Group, inherited by his family and had become a part of the culture of BIMTECH. The melodious voice of Ms Vidya Shah echoed in every individuals ears and instilled in them a feeling of devotion. Quoting some lines from one of the bhajanas she recited, Mann laga mera yaar fakiri men, Jo sukh pawe Ram bhajan men, So sukh nahi amiri men. The artists very melodiously presented bhajans and prayers from the ancient scriptures along with hymns by Tulsidas, Meera, Kabeer, Narsi and Guruvani, ending with Gandhijis favourite hymns.
FOUNDATION DAY
2 OCTOBER, 2013
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Remember, when you are climbing your career graph, unless you are humble you cannot maintain your equilibrium. Always try to look at the Indian value system and way of life which may be relevant while imbibing the commonly accepted management theories.
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- DR. ASHWANI KUMAR

Honourable Governor of Nagaland and Manipur
THE FOUNDATION DAY LECTURE

The foundation day lecture was inaugurated the traditional way by lighting of the lamp by the chief guest for the occasion, Dr. Ashwani Kumar, Honourable Governor of Nagaland and Manipur and his wife Mrs. Kumar along with Dr. H. Chaturvedi, Director of BIMTECH and Deputy Director, Dr. Anupam Varma.
FOUNDATION DAY
In his welcome address, Dr. H. Chaturvedi enlightened the audience about the prestigious heritage of BIMTECH and values associated with the name Birla that each one of us has to carry forward. He explained to all that Gandhi Jayanti was chosen as our foundation day by the founders, Syt. B.K Birla and Smt. Sarala Birla, because of the deep history that the Birlas shared with Gandhiji. Gandhiji was a mentor and ideal to the Birla family and that legacy has continued till today. The Gandhian ideology is reflected in the vision and mission of BIMTECH. Socially responsible business decision making and conscious capitalism has shaped the BIMTECH brand and has led it to be perceived today as a B- School with a difference, opined Dr. Chaturvedi. The foundation day function also gave us an opportunity to celebrate several achievements on various fronts of BIMTECH. Four distinguished members of the BIMTECH fraternity, Mr. Firoz Ahamad, Senior Accountant; Mr. Y. S Aggarwal, Finance Manager; Dr. Gagan Katiyar, Assistant Professor and Dr. L. Ramani, Associate Professor , were felicitated by the chief guest for completing a decade of service with the college. The occasion also marked the launch of the new BIMTECH website and the Annual Report. Prof. Eugene Reuben took the initiative to revamp the website and gave it a more dynamic look and contemporary features. The new website was officially launched by Dr. Ashwani Kumar. Also the first publication of the Annual report of activities of BIMTECH was unveiled by the dignitaries. The annual report put together by Prof. Jaya Gupta and Mr. Atul Jayal is a compilation of all the activities that have taken place in BIMTECH throughout the year.
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December 2013
An essay writing competition on the topic , What 25 years of BIMTECHs journey mean to me, was conducted by the Business Communication Area . On this special occasion the prize winners were felicitated by the esteemed chief guest. The first prize was won by Mayank Devlal, PGDM 2 Year. The second prize was awarded to Akanksha Aggarwal, PGDM 2 Year, while the winner of the third prize was Mahima Kapoor from PGDM- IB 1 Year. Seeing the kind, smiling face of the gentleman, Dr. Ashwani Kumar, one has a hard time picturing him as Ex-Director of the CBI or holder of several positions in the Himachal Pradesh Police department. Rising through the ranks, winning the Indian Police Medal, Presidents Police Medal, going on to become DGP, the first Director of CBI from Himachal Pradesh and eventually the Governor of Nagaland and Manipur, Dr. Ashwani Kumar is the quintessential self made man. In his soft spoken and humble demeanor, he first congratulated the BIMTECH family for completing 25 glorious years and expressed how he himself finds great solace in the life and ideology of the father of our nation. Further, the chief guest highlighted the plethora of problems that still burden our country from lack of development to high levels of unemployment and stressed that if we wanted to see this situation change, the youth, the future of the nation would have to take charge. You must be the change you wish to see in the world, this was his request to all the students in the audience. He believes that the only way to achieve this is through education; the quality of education provided is shaping the minds of the youth of today who will become the change tomorrow. Speaking on achieving success and happiness, Dr. Ashwani Kumar was very firm in his thinking that there is no shortcut to success. Dr. Abha Rishi anchored the entire programme.
COMMENCEMENT OF PROGRAMME AT BIMTECH'S BHUBANESWAR CAMPUS

TRULY A DREAM FULFILLED !
COMMUNITY LUNCH
Celebration of Indian roots and culture happened with the community lunch, organized by the Food Conduit. The activity plaza was bursting with the hustle bustle of the BIMTECH students and faculty serving food to the people. Plates made from sal leaves were laid on the floor and people had lunch in a shuddh desi fashion. The first batch to be served consisted of the working staff of the college like the domestic help, security people etc., and their families. The subsequent batches had students from foreign exchange, faculty and their families all basking in the flavor of traditional India. The event was hugely successful with support and help from different conduits.
ugust 3, 2013 was a momentous day as it marked the commencement of the first academic batch of BIMTECH's new campus at Bhubaneswar, Odisha.
The former Secretary Govt. of India Dr. Prasanna Kumar Mishra, IAS (Retd.) graced the occasion as the Chief Guest. The other key dignitaries were Smt. Jayashree Mohta, Chairperson, BIMTECH; Shri Vikash Kandoi, Member, Governing Board, BIMTECH; Dr. H. Chaturvedi, Director, BIMTECH, Greater Noida and Prof B.K. Das, BIMTECH. In her key note address Smt. Jayashree Mohta, Chairperson, BIMTECH said that it gave her a great sense of satisfaction and immense pleasure to welcome everyone on the Commencement day of BIMTECH Bhubaneswar campus, which had finally taken wings after a two-year long wait since the laying of the foundation on April 5, 2011. Highlighting how the Birla's have traditionally been very concerned about the society, its growth and development, she said that the Birla's have been involved in the field of education since the times of Pujya G D Birla, who started the first campus in a small village of Rajasthan, today popularly known as BITS, Pilani. Since then, as a family, the Birla's presence spans the whole country. Syt. B.K. Birla and Dr. Sarala Birla set up the BIMTECH, Greater Noida Campus in 1988 which started from a small room in the basement of Pushp Vihar in Delhi. This is the Silver Jubilee year of the institute and it has really grown in leaps and bounds and is placed among the top ten private B-Schools in the country. In 2009, when BIMTECH was thinking of expanding the institute, the Government of Odisha came forward and offered them the land. Smt. Jayashree Mohta thanked the Govt. Of Odisha for this gesture which showed how concerned the Government was in having good institutions in the state. Stressing that the task does not end with just the setting up of the institute; she was of the firm view that quality education be imparted to the students who come to study in Bhubaneswar and no efforts will be spared to achieve this. She assured the students and guardians that they are in good hands and good care will be taken to groom them into fine young managers, future leaders and good citizens of the country. The Management, Faculty and Staff all stand committed to BIMTECH's motto of Excellence with Values.
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KITE FLYING PROGRAMMEThe Foundation Day celebrations came to an end with the Kite Flying Programme organized by the Sports Conduit. Kite flying has always been a very fun-filled and significant part of all Indian festive celebrations and for BIMTECH, 2 October, its Foundation Day, is no less than a festival. BIMTECH, on its 26 year of existence, aspires to fly high and achieve greater heights in the years to come. The BIMTECHIANS are the kites, BIMTECH is the pulley and knowledge is the thread which helps all the students to fly high and achieve their dreams. The event was a refreshing change and it brought the campus alive with new energy, happy faces, cheering students and their colourful, vibrant kites. The day celebrated the spirit of BIMTECH in a unique way and involved the entire BIMTECH family which has helped the institute in reaching the heights it has attained. -VRITANT TEAM
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December 2013
SECOND BATCH OF DIPLOMA IN FOREIGN TRADE INAUGURATED
Talking of the campus, she said, it has been designed to provide an eco-friendly atmosphere and gives ample opportunity to students to engage in various extracurricular activities and sports including sensitizing them towards nurturing the environment which has been greatly eroded. Besides promoting education, she committed that BIMTECH will be extending its activities towards the social causes in Odisha through its Corporate Social Responsibility (CSR) cell. Congratulating the first batch of students, she hoped that they would make the best use of all the facilities and opportunities being provided to them. The Director of BIMTECH, Greater Noida, Dr. H. Chaturvedi welcomed the maiden PGDM batch of BIMTECH, Bhubaneswar campus and assured the parents that all care will be taken of their wards both for academic excellence as well as for comfortable stay.
BIMTECH
AMONGST INDIA'S BEST B SCHOOLS
RANKED 9
TH
Harping on the fact that quality education is sine qua non for any State to have high economic progress, he lamented that despite having large number of educational institutes, there was dearth of quality institutions in the state. This was the reason why states like Odisha, West Bengal and Jharkand could not derive much benefit from the liberalization of the Indian economy. It is here that BIMTECH can play a pivotal role in the creation of quality human resource. Heaping praise on the people of Odisha, its rich culture and heritage, he thanked the Govt. of Odisha and the administration who have provided unflinching support in setting up the Institute. The chief guest of the occasion Dr.Prasanna Kumar Mishra, Former Secretary, Govt. of India, commended the promoters for establishing a sprawling institute within such short period of time. Putting the focus on meaning and role of 'Management', he remarked that it has to permeate all levels of governance. Citing the example of the 'Panchayat' which today deals with development funds of a few crores, it is imperative that we have someone such as the sarpanch with an MBA degree. This can equip them with management tools for maximizing the benefits to be accrued from utilization of the resources. Dwelling on the purpose of management education, he was of the opinion that it should be aimed at the creation of leaders, not mere managers. Leaders can be a catalyst for creation of social wealth which is crucial for a country like India. Increasing the 'Latent strength' of people should be the thrust of management training. Quoting liberally former President of India, Dr. A.P.J. Abdul Kalam, he provided the mantras as envisaged by him for being a true leader. The most important among them being 'Learn to accept failures' and 'Integrity and Humility'. Emphasizing the paramount importance of the quality of 'entrepreneurship', he urged that management institutes should inculcate it in all students. The vote of thanks was proposed by Dr. B.K. Das who thanked the chief guest for providing such a masterful analysis of management education. He also promised that every effort will be made to make BIMTECH, Bhubaneswar an institute of eminence.
fter the overwhelming success of its first batch, BIMTECH in conjunction with Federation of Indian Export Organisations (FIEO) inaugurated its second batch of Diploma in Foreign Trade on September 28, 2013. Shri Najib Shah, DG, Directorate of Revenue Intelligence (Former Chief Commissioner, New Delhi) was present in this event as the chief guest. The course of Diploma in Foreign Trade will be a great addition to the skill of participants, both in terms of entering into foreign trade as well as of curricular qualification, essentially for the students who wish to pursue a career in the field of foreign trade. The inaugural ceremony began with the lighting of lamp. Mr Ajay Sahai, Director General and CEO, FIEO in his speech mentioned that the course has been conceptualised keeping in mind the future growth of Indias foreign trade and the manpower required for it. The first batch had received an overwhelming response which encouraged BIMTECH & FIEO to launch a consecutive batch this year. Dr Anupam Varma, Deputy Director, BIMTECH in his welcome address emphasized that no business can survive without globalisation and that strategies need to be developed to ensure the same. Therefore, the course has been developed to impart structured knowledge to the participants so that they are able to use it in future as and when required, after consultation with major stakeholders, said Dr. Varma. Dr Anuj Sharma, Program Director, DFT, explained about the course in a more detailed manner. Apart from the various pedagogical and academic merits, he explained about the differentiating factors of this course on foreign trade, the most important of which
is a 3 week industry project that every participant has to undergo, at the end of which they produce a report by analysing one or more important issues of foreign trade. He also mentioned about some other features like visits to industry and a participative style of learning. With his subtle sense of humour, the Chief Guest, Shri Najib Shah said that he had a selfish interest in coming for the inaugural, as he found his potential ambassadors sitting across as participants who would be doing businesses in the manner it should be done. He laid great stress on doing business in ethical manner to avoid bad name for the individual as well as for the country. He advised all present to take extra care of quality of the product as there is no substitute for the same. He reminded that a good quality product sells in India as well as abroad. He also stressed that all should take advantage of the course as doing business in India is difficult and it only gets more difficult doing business outside India. Mr Ajay Sahai delivered the vote of thanks to the honourable guest present. The event was anchored by Shri Ashish Jain, Director, FIEO. The success of the inauguration ceremony has set the ground for an eventful and rewarding forthcoming six months. It promises the running of this valuable and skill fulfilling course for years to come. This effort of BIMTECH & FIEO would result in knowledge enrichment and better understanding of the foreign trade issues among the Indian professionals and young students.
BIMTECH ranked at 9th position among Private B'Schools and at No. 21 among all BSchools in the 14th Business Today MDRA Best Business School Survey 2013 The 14th BT-MDRA Best Business Schools Survey-2013 has been released and it has ranked BIMTECH at the 9th position out of top private b'schools of the country. This year, we have been ranked 21st all-India (Govt. + Private) among the list of 200 b'schools of India.
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CONFERENCE
December 2013
NATIONAL CONFERENCE ON INDIAN ECONOMIC GROWTH IN REGIONAL FRAMEWORK
will and investment environment differ among states. Prof. Jagdish Narayan, Head of Economics Department, Allahabad University and Prof. Jagdish Shettigar, Chairman of the Organizing Committee of the Conference respectively shared their observations of the current and capital account imbalances and their causes and effects on different states. The session ended with the vote of thanks by Prof. K.C. Arora, Registrar BIMTECH. Prof. Sangeeta Shukla compeered the session. The inaugural session was followed by a Panel Discussion which was chaired by Dr. Shettigar. Dr. Ashok Mittal, Prof and Chairman Economics Department, A.M.U. Aligarh, highlighted the importance of differentials of achieved levels of economic growth for the formulation of future growth strategy. He pointed out that more rapid growth of lagging than leading states will reduce the gap between the achieved levels of development of different states. Thus, the average growth of the Indian economy will rise. He substantiated his statement with extensive data. Dr. A. K. Singh continued his arguments of the inaugural address and showed the statistical analysis of under-developed states. The session ended with chairmans remarks who emphasized the role of environmental factors that promote or obstruct investment in states economies and the policies that are formulated and implemented at the state level. He also emphasized the differential levels of benefits that are derived from Central Schemes by states. Dr. P. K. Chaubey pointed out a series of options among growth strategies- Leading States vs Lagging States; Rapid Growth vs Inclusive Growth; Inclusive Growth vs Pro-Poor Growth; and Sectoral Specilisaton vs Diversification. On the second day, two technical sessions were held in the forenoon and two after lunch sessions. Thereafter, the valedictory session was held and was chaired by Prof. K. C. Arora. Dr. Anupam Varma, Deputy Director, BIMTECH delivered the valediction address. Dr. Prahlad Kumar, Professor of Economics Department, Allahabad University observed that the conference opened up new vista of academic collaboration between Allahabad University and BIMTECH. He will explore the possibility of signing MOU between BIMTECH and Departments of Economics, Commerce and Management of the university. Dr. Varma in his valedictory speech also endorsed the idea. He particularly praised the schedule which ran only one technical session at one time without running any parallel sessions, ensuring effective participation of delegates. He noted that the range of topics covered by the papers presented at the conference ranged between purely theoretical and purely empirical, local and national, and national to international aspects of growth. The themes of papers ranged from infrastructure related diversities to sector specific diversities. This was followed by vote of thanks by Prof K.C. Arora. By reminiscing his own example, he pressed that education is an escalator for the poor as well as not so poor or even the rich to move up the social and economic ladder. In his concluding remark, he suggested that a committee may be appointed to finalize the comprehensive report of the deliberations of the conference to be submitted to the Government of India and be shared with the media for wider dissemination.
IMTECH organised a National Conference on Indian Economic Growth in Regional Framework on September 28 and 29, 2013. The department of Economics, Allahabad University was the academic partner and ICSSR supported the conference. In all, thirty-three papers, including 3 papers presented in Panel Discussion were received. Fifty five delegates participated in the deliberations of the conference. The Conference was inaugurated by Dr. A. K. Singh, an eminent Economist and Director (Former), Giri Institute of Development Studies, Lucknow. Dr. H Chaturvedi Director, BIMTECH, in his speech, highlighted the importance of the theme and sub-themes of the conference towards the identification of areas of adequate and inadequate growth of the states. He opined that such discussions give insights into the equitable development of the states. Dr. Chaturvedi also highlighted the consonance between the themes selected for the conference and the major recommendations of the Raghuram Rajan Panels Report, submitted to the Government of India few days before the conference. This coherence between the conference themes and the growth concerns of the government is noteworthy. Dr. Shri Prakash, Prof. of Eminence, BIMTECH elaborated the objectives of the Conference and the major theses that characterize the themes. The inaugural address by Dr. A. K. Singh highlighted the current status of development of different states and the inequalities of development that characterize the stages and status of growth. He not only unraveled the contrast in levels of development achieved by different states of India but also discussed how governance, political
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OPINION
December 2013
He counted oil imports, gold imports, poor infrastructure, high inflation, slow growth of core sectors to be the main reasons for the economic crisis. Apart from the above mentioned issues, depreciation of rupee and the consumptionsaving patterns of Indians were also discussed. There are four ways of obtaining dollar, as he mentioned: Exports, Borrowings, Foreign Direct Investment (FDI) and Foreign Institutional Investment(FII), and Exporting manpower. Another interesting aspect is that the total amount of foreign currency we earn is approximately the same as the amount we pay for our purchases. With respect to oil imports, he mentioned that though we import a lot of crude oil, our oil refineries at Numaligarh, Guwahati and Barauni enable us to export refined petroleum and earn foreign exchange. Foreign exchange reserves are important as they are indicative of the financial strength of a country and at present, we have reserves that would last for only seven months. Citing the Indians emotional attachment and sense of security with gold, he quoted that their was a huge consumption of the metal in the first quarter of 2013-14, when there was a dip in international gold prices. He concluded that the prime focus now should be on controlling inflation and then boosting growth which will in turn lead to a sustainably growing economy. The experience was enriching and stimulated the economist in all students. When interviewed by the Team Vritant, he candidly answered all questions. The excerpt is below: Q. A few days ago, youd tweeted Half the countrys assets are now being managed by women. What is your take on women heading banks? Dr. Ranade: Its a remarkable change! A few days ago, in a lighter vein, Christine Lagarde, the Managing Director of the IMF had said, that if women were incharge of the Wall Street and if Lehman Borthers were to be Lehman Sisters instead, there would have never been such a big financial crisis! What I think she hinted at was, that amid the herd mentality of the Wall Street of reckless risktaking, women could bring in a new perspective, which would be beneficial for the system. Im proud that despite being a developing country in the financial sector, India is getting more women as Bank CEOs. Q. Youve been an educator. What is your advice for students on pursuing their career? Dr. Ranade: Thats a hard question to answer. For youngsters:50-60% of the problem is of figuring out what to do in life? One must spend time alone, not with friends or family or teachers, try to analyse ones strengths, weaknesses, inherent inclinations and aptitude and then find their passion. Once they discover what they have to do, they must just do it. If they dont find it, try doing something approximate, if not exactly similar to what youd want to do. Q. Our Marketing faculty say that the Tier-2 and Tier-3 cities are growing rapidly, while the Economics faculty paint a dull picture of the economy. Why that paradox? Dr. Ranade: This paradox exists! However, the aggregate spending in rural areas is higher than in urban areas. Many Tier-2 and 3 cities are growing fast but just the growth rate isnt just enough for everyone. Thats why the dull picture! The fact that Indian economy has almost doubled in the past seven years, but the amount of GDP growth is still same, has led to an apparent fallen rate of GDP growth. Evidently, opportunities are huge and more number of areas are demanding growth now. Q. How can students realize their dream of pursuing entrepreneurship early in their career? Dr. Ranade: They must take the route of Business Incubators within their colleges, experiment and whenever they feel strong enough to go on their own, they can move out of their institutions. However, there are routes of Intraprenership within large organizations where these opportunities can be availed. Students must take steps and have some guts. Sky is the limit! VRITANT TEAM
A TALK BY DR AJIT RANADE
ROUND TABLE ON IMPLEMENTATION

OF SECTION 135 OF THE COMPANIES ACT, 2013
IMTECH organised a Round Table on the implementation issues of Section 135 of the Companies Act, 2013 on October 28 , 2013 at India Habitat Centre, New Delhi. The Round Table was chaired by Dr Bhaskar Chatterjee, Director General and CEO Indian Institute of Corporate Affairs (IICA), an institute under the Ministry of Corporate Affairs, Government of India. The Round Table had representation from the government, the public and the private sector, the civil society, the micro, medium and small scale sector, the Chamber of Commerce as well as representation from the academia. The members of the Round Table were Dr Bimal Arora, Director, Centre for Responsible Business; Dr K K Upadhyay, Head CSR, FICCI; Mr Mukesh Gulati, Director, Foundation for MSME Clusters; Mr Neeraj Kapoor, AGM (R&R) NTPC; Ms Pushpa Sundar, Author, Business and Community, Mr Umesh Asaikar, Executive Director, Deepak Nitrite and Ms UVL Ananda, Head, Governmental and Stakeholder Affairs and Sustainable Business Development, Bayer Group in India. The Round Table was moderated by Mr R N Bhaskar, Consulting Editor, DNA. The discussion began with an introductory speech by Dr Vineeta Dutta Roy, Associate Professor, Lead CSR BIMTECH and the convener of the Round Table, followed by a welcome address by Dr H Chaturvedi, Director, BIMTECH. To set context to the Round Table discussions, Dr Bhaskar Chatterjee made a keynote presentation on Section 135 of the Companies Act, 2013. Thereafter, all members of the Round Table put forth their views on the bill and pointed out implementation issues from their perspective. The discussion began with Dr. Bimal Arora, who said that a great opportunity lay ahead for the civil society organisations with the implementation of the Bill and the question that emerged was if the organisations were prepared to work to the expected scale that it required. Furthering this, Dr. K K Upadhyay elaborated upon the expectations from the civil society organisations to join hands with the corporate sector in executing the various provisions under the CSR clause. Mr Mukesh Gulati highlighted the need for investment in community development through CSR, while Ms. Pushpa Sundar delved upon issues such as CSR prescriptions and guidelines to include corporate governance, extending the Act to the MSMEs and capacity building of the civil society organisations to handle CSR projects. Mr. Neeraj Kapoor said that rules are often cumbersome and should be made simple. He suggested that projects on environment should also be listed as CSR activity under Schedule VII of the Companies Act, 2013. Mr. Umesh Asaikar tabled the opinion that profit was the main motivation for business and hence tax benefits could be considered for organisations spending on CSR. He also questioned the presence of AIDS only as a CSR health initiative under Schedule VII and not of other diseases which are prevalent in the country. Ms. UVL Ananda in her presentation welcomed the bill and said that CSR should be in the DNA of every organisation. She cited the example of Bayer's Child Care Program and Model Village Project which had created positive impact in the society and benefitted the business at the same time. After the Round Table discussions, the participating guests posed their questions to Dr. Chatterjee as well as to other Round Table members. "The timing and the focus of the Round Table is very opportune and topical and it is very welcome" remarked one of the guests Ms. Sangeeta Robinson, Founder & CEO, Enduring Value Advisory & Practice LLP at the end of the discussions. Her views were echoed by many other participants. Dr Anupam Varma, Deputy Director BIMTECH presented the vote of thanks while members from the BIMTECH faculty presented mementoes to the Round Table members as token of the Institute's respect and appreciation for them.
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r. Ajit Ranade, the Chief Economic Advisor of Aditya Birla Group and Member, Board of Governors of BIMTECH addressed the students on CURRENT ECONOMIC CRISIS IN INDIA: WAY FORWARD on 30 September 2013. In the event of recent recurrent depreciation of Rupee vis--vis Dollar and prevailing macroeconomic conditions, the talk by Dr. Ranade turned out to be pearls of wisdom for students. Dr. Ranade has been at the heart of economic matters during his professional life. With his knowledge and experience, it could have been expected of him to deliver a lecture to young students. However, he chose the session to be conducted as a two way interaction. Enthusiastic students didnt miss the opportunity. Beginning with a true picture of the current Indian economy, he continued how in 2006, India became a trillion dollar economy and in seven years since then, is set to get doubled. In 2006, the growth rate was 9% vis-vis approx 5% in 2013, but since we are doing better than nations in the west and other developing countries, we have hope for the future.
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For the youth of the country, we are opening a whole new vibrant profession because the act will bring CSR from the back room to the board room. Now people envision, If I am a CSR professional, I will sit in the CSR committee, on the board, that is the aspiration of the young CSR professional. We have opened a new avenue!
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Dr Bhaskar Chatterjee
Director General and CEO, Indian Institute of Corporate Affairs (IICA)
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ians BIMTECH Shining
December 2013
MBA UNIVERSE GOLD AWARD
CONFERRED TO
CHANAKYA AWARD
DR. SHRI PRAKASH BY UTTAR PRADESH & UTTARAKHAND ECONOMIC ASSOCIATION (UPUEA)
AWARD FOR CSR
CORPORATE EXCELLENCE
FOR BIMTECH SDP PROGRAMME
The UPUEA, an Association of faculty from Uttar Pradesh and Uttarakhand engaged in teaching and research on economic issues, has conferred the prestigious Chanakya Award to Dr. Shri Prakash for his lifelong work in economic research. The award was conferred upon him at the IX Annual Conference of UPUEA held at Jaunpur on October 26, 2013.
Dr. Vineeta Dutta Roy has received the Institute of Public Enterprise (IPE)Corporate Excellence Award for Corporate Social responsibility for the year 2013. The Institute of Public Enterprise (IPE), Hyderabad is a non-profit educational society and is recognized as a "Centre of Excellence" by the Indian Council of Social Science Research (ICSSR), Ministry of Human Resource Development, Government of India for doctoral studies. The IPE Corporate Excellence Awards recognizes and honours companies as well as individuals who, through their corporate practices, have helped to raise Indias corporate disclosure standards and corporate governance.
FIRST RUNNER UP
FIRST AND THIRD PRIZE
V- GUARD COMPETITION
NIPM QUIZ
IMTECH received the Gold Award for its PGDM - Sustainable Development Practices Programme. The program was judged best among all the entries under the theme Effective Engagement between Industry and Institute in the Management Conclave organised by MBA Universe on August 2-3, 2013 at New Delhi. The award was given by Dr Shashi Tharoor, Honorable Minister of State, HRD, Govt. of India. Indian Management Conclave, 2013 was the fourth edition of the event organised by MBA Universe to identify best practices, ideas, initiatives that are making positive impact in different B-Schools for enhancing value of MBA Education. The award ceremony was attended by over 250 MBA Educators including Directors from B-schools across India, China, USA, Singapore and Canada.
The V-Guard Big Idea Business Plan Contest offers B-school students an opportunity to put their business acumen into action, weave business strategies for the brand and showcase their talent on a national-level platform. The V-Guard Big Idea Contest 2013 posed a challenge of making the company a $ 1 billion company in the near future. Out of 105 applications, 20 business plan reports were shortlisted and the respective teams were asked to present their plan to a three-member jury, comprising of Mr. Shivram S (Director Deloitte), Mr. Ramachandran V (Director-Marketing & Strategy) and Mr. George Sleeba (Director- Production and HR). The team selected three winning entries and two entries for a special jury award. IIM-Ahmedabad emerged as the winners of the V-Guard Big Idea Business Plan Contest; the first runner up was Birla Institute of Management Technology, the team comprising Arnav Shankar, Asif Ali and Tanuj Kodwani, and the second runner up was another team from IIM Ahmedabad.
BIMTECH students bagged the first and third prize in the quiz contest organised by NIPM (National Institute of People Management) on 23 August, 2013 at Scope Minar, New Delhi. The competition was at North India level. There were a total of 18 teams from different colleges across Delhi/NCR like BIMTECH, Delhi School of Economics, Amity Business School, to name a few. Mandeep Kaur Arora and Sugandha Upadhyay stood first. They were awarded a cash prize of Rs. 10000 and also an opportunity to go to Goa, to appear for All India level of the quiz. Second prize was won by the students from DSE. The third prize was won by Ratna Teja Manda and Ankur Puri from BIMTECH. They were given a cash prize of Rs. 5000.
Dr. Tharoor was the Guest of Honor & Valedictory Keynote Speaker for the conclave. While presenting the IMC Awards 2013, Dr. Tharoor said that B-schools should learn from each other and adopt the best practices to enhance the value of MBA education in the country. BIMTECH was adjudged winner among several other finalists by an eminent jury including Dr. Devi Singh, Director, IIM Lucknow; Fr. E. Abraham S.J., Director, XLRI, Jamshedpur; Dr. Pritam Singh, DG, IMI & Former Director IIM Lucknow; Dr Rajan Saxena, Vice Chancellor, NMIMS University, Mumbai; Dr Debashis Chatterjee, Director, IIM Kozhikode and Dr Sesha Iyer, Director, S P Jain Institute of Management & Research, Mumbai. Speaking about "Effective Engagement between Industry and Institute", Prof. N.N. Sharma, Chairperson of PGDM - Sustainable Development Practices Programme said that this programme is an epitome of seamless engagement between institute and industry. This spirit, according to him, pervades the entire circle of the program, i.e. from design to delivery to development and thus leading to purposeful deployment. The Awards instituted by MBAUniverse.com had received more than 50 nominations from Bschools and University MBA departments across India, such as IIM-Kashipur, T.A. Pai Management Institute, Manipal, Goa Institute of Management, Jaipuria Institute of Management, Great Lakes Institute of Management, Chennai, ITM-Navi Mumbai etc.
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DISCUSSIONS
contributed in policy making at independent level but had surmountable presence amongst citizens, which is not a common happening now. He added that, in such circumstances it is more pertinent to develop Think Tanks in India provided it doesnt lead to groupism. Shri Padhi identified the contextual definition, structural issues, funding and research influence of Think Tanks as some of the major issues. He added that policy formation is also highly centralized, dictated by the concerns of political agenda and specific to the manifesto of the political parties, so it leaves very less space for Think Tanks in India. Shri Jagdananda differentiated between NGOs and Think Tanks and raised issues of credibility of the organisations. He commented that although there has been a mixed view on the governments financial support, it is evident from past occurrences that the government mechanism is not bias free and builds up systemic pressure if it funds research for a particular agenda related to policy.
December 2013
THINK TANKS IN INDIA, PUBLIC POLICY

AND CHALLENGES
PANEL DISCUSSION IN BHUBANESWAR
A panel discussion on Think Tanks in India, Public Policy and Challenges organised by India Policy Foundation (IPF) and Birla Institute of Management Technology (BIMTECH) raised some pertinent issues and stressed on the necessity of Think Tanks in the country to act as a bridge between government and citizens to complete the democracy in India. Dr B K Das and Dr Panda opened the session with presentation of the agenda. The role of Thinks Tanks in field research, public opinion, and contribution to public policies in the government mechanism is present although not in a significant form said Mr D N Padhi former Chief Information Commissioner of Odisha. He alluded to the fact that the regional and national Think Tanks should be connected and should graduate to knowledge creation and dissemination from field evidences. The intellectual colonisation by few hundred people in this country is taking the grass root voices away from the real policies needed in the states and at national level. They (individual experts) do not have sufficient exposure to grass root realities but are deeply involved in policy debates, Think Tanks are better alternatives in democracy than individual experts in policy making mechanism said the panel. Think Tanks is a must for public policy making to strengthen the process and the institutions. Moderator Dr Panda called upon the need of such issues when India is undergoing a large social change due to globalisation, regional development programmes and migration of rural Indians to cities. He mentioned that though it is not easy in the present national system, it is still critically important as Think Tanks are the only link between government and citizens to represent their voice, aspirations, and concerns who need to remain persuasive to achieve their rights and engagement in the policy making process. Shri Radha Mohan presented his view on the dynamic need of Think Tanks to express their views and researches with high integrity and also asked for innovative ways which can train politicians and bureaucrats, who happen to be the pillars of policy making, on humility, to accept the evidence-based knowledge and not opinion-based statements. Before the discussion, Dr Rahul Singh and Prof N N Sharma from BIMTECH presented the research projects in action throughout India and its objective to define Indian Think Tanks and their role in making of public policy for the present and the future. Dr Rakesh Sinha, IPF Director said that we should recognise the contributions of eminent thinkers and social workers who
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The absence of definite policy making mechanism was highlighted in the discussion. The critical instances of Nuclear Policy, Foreign Diplomacy Policy, Reservation Policy, Education Policy, Environmental issues, and Economic Policies were offered as examples during the discussion which should be attended by the Think Tanks as they need very deep engagement for citizen dialogue. Presenting examples of MNAREGA, NRHM, Adhar Card Programme etc, Shri Ray opined that it is vital to study the high impact policies properly and in different settings given the diversity of our country. The strength of research, analysis and expertise will help policymakers understand the possible positive and negative outcomes in society. IPF President Dr Kapil Kapoor appreciated all the members for their honest opinions and the fruitful discussion and presented the commitment of IPF for more discussions and research based reports on the Role of Think Tanks in India. Hon Director Prof. Sinha mentioned that more such debates will collect broad views from different parts of the country, generate some honest thought processes and opinions from the stakeholders of Think Tanks and Policy making. All the members lauded the initiative by IPF and BIMTECH and underlined the need of such research specially when there has not been any such debate in such a diverse group for a long time in the country.
Dr Kapil Kapoor Chairman IPF and former Pro VC, JNU Mr D. N. Padhi Former Chief Information Commissioner, Odisha Mr S. Panda Former Chairman, State Finance Commission, Odisha Dr B. K. Das Professor and Advisor BITMECH Mr Ambika P. Nanda State Programme Officer, UNDP Dr O. N. Mohanty Former VC, Biju Patnaik Technical University Dr Radhamohan Former Commissioner, Information Commission, Odisha Mr Jagadananda Head, CYSD and Former Information Commissioner Dr P. Yadav Director BIMTECH Dr R. K. Panda Director, Nabakrushna Choudhury Centre for Development Studies Mr Abasar Beuria Former IFS and Ambassador Mr Dhirendra Kumar Ray Former Chairman, Odisha Electricity Regulatory Commission
Dr Jyoti Mohapatra Dean, SOA University Mr D. D. Patnaik Former Professor and Social Worker Mr J. B. Sarangi Former Director, Cottage Industries & Social Tech. Mr Rabinarayan Panda Hindustan Samachar Mr Sarbeswar Behera Law Expert Mr Shiva Narayan Singh Sub-Editor, Rastradeep Prof. Aswini K Mohapatra Associate Professor, JNU Mr Chitta Ranjan Pani Social Worker Prof. N. N. Sharma Chairperson, ICPP, BIMTECH Mr Rakesh Sinha Director, India Policy Foundation Dr Rahul Singh Associate Professor, BIMTECH Mr Janardan Dash Associate, BIMTECH
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SEMINAR
December 2013
CENTRE FOR MANAGEMENT DEVELOPMENT ADDS NEW CLIENTS IN THE YEAR 2013
MDP
SEMINAR WITH DR. JAGDISH SHETH
Dr. Jagdish Sheth, Founder, Academy of Indian Marketing and Charles H Kelldstat Professor of Marketing, Emory University interacted with faculty and research scholars in a seminar held on October 12, 2013. Initiating the discussion, he emphasized that the faculty need to be well rounded doing various academic activities like research, teaching, training and academic administration. While he said that the best way to learn is to teach, he was very emphatic that creating knowledge is the primary job of a faculty. He also admonished that the faculty should not be looking to the industry with disdain nor the people from industry who come to management institute should undermine the academician. He painted the scenario of business education in 21 century which is very stressful in USA where Wharton has announced 1 year free online course for MBA aspirants. He surmised that a similar situation may be faced in India in future and therefore management institutions cannot depend on fees alone. They need to aggressively generate revenue through training and research grants. In a question relating to retail raised by a research scholar, he cautioned that it is too early to say that retail has failed in India. He acknowledged that in Indian society the traditional retailing is well entrenched but a call centre couple will not go to traditional Indian retail outlet. He advised that marketing faculty should not get into the trap of modeling supported by econometrics for marketing research and by experiments for consumer behavior adopted by psychologists. He opined that marketing should be studied and taught in a holistic manner and a researcher needs to have a very wide base of knowledge before getting into the depth of his/her thesis. In research, relevance should have priority over rigour, he advised. While knowledge of higher statistics or mathematics is helpful, it is not necessary for doing a relevant research. The method needs to be enabled in the problem he is investigating. The method to be adopted should be selected based on the problem selected for investigation and the research question framed. The supremacy of positivist has long been over; the researcher can take either of the route - qualitative or quantitative suiting his investigation. He also gave tips for publishing and delved in detail on programmatic research through which a faculty can create personal branding. Further, he emphasized the need for knowledge of history describing how he cherished the study of history that also helps him in his research. Winding up the discussion, he talked about the website researchGate which is a social networking site for scientists and researchers and exhorted the researchers to visit the site and get research paper of their research interest.
EDCIL India Ltd. : Centre for MDP conducted a two day Management Development Programme on Basic Computer Awareness for the Executives of EDCIL India Ltd. The programme was conducted at BIMTECH campus on September 30 and October 1 and was attended by fifteen participants. Prof. Akhil Pandey delivered classroom training and lab sessions on MS Office and Office Management. In view of BIMTECHs performance, we received a request for one more MDP from EDCIL on Managerial Effectiveness held on October 25 and 26. ORIENTAL INSURANCE Ltd: A two day Management Development Programme was conducted for the Executives of Oriental Insurance Ltd. on Business Communication, on August 21 and 23, 2013. The programme was delivered by Prof. Sangeeta Shukla and was very well received by the participants. EXECUTIVE DEVELOPMENT PROGRAMME: BIMTECH completed its sixth Executive Development Programme (EDP) for the E 1 officers of NTPC ER II, WR I and WR II. It was a two weeks residential programme conducted at BIMTECH campus from September 9 to 23. While the inauguration was done by Mr. Sebastian Joseph, General Manager HR/NTPC, Western Region, the valediction was done by Mr. MSD Bhattamishra. FOUNDATION COURSE IN GENERAL MANAGEMENT: BIMTECH conducted a foundation course in General Management from October 17 to 30 for NTPC Eastern Region 1, E 5 Officers. The programme was conducted at Stellar Gymkhana Club, Greater Noida. OTHER PROGRAMMES: Several other programmes were conducted in the areas of Leadership, General Management, Managerial Effectiveness, Investment Management, Stress Management, Investment Management, Creativity and Innovation etc. for companies like NTPC Power Management Institute, NHPC, Powergrid, Neyvelli Lignite Corporation, UCO Bank and NIPM etc.
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In research, relevance should have priority over rigour. While knowledge of higher statistics or mathematics is helpful, it is not necessary for doing a relevant research. The method needs to be enabled in the problem one is investigating.
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FDP ON INORGANIC GROWTH STRATEGY

BIMTECH, in collaboration with Strategic Management Forum, the pioneering body to propagate the concept and practice of strategic management in the country, organized Management Teachers Program on Inorganic Growth Strategy at Birla Institute of Management Technology (BIMTECH) from October 22 26, 2013. AICTE has been supporting such initiatives to train faculty members in the area of strategic management due to acute shortage of faculty in this area. Apart from the course work, the participants were expected to bring with them their research problem/question or their data for case writing that was discussed threadbare to take forward to publication stage. 28 participants from 14 states and one from Nepal participated in this programme.
DR. JAGDISH SHETH,

Founder, Academy of Indian Marketing and Charles H Kelldstat Professor of Marketing, Emory University
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RESEARCH UPDATE
November 2013 December
INTERNATIONAL DOCTORAL CONSORTIUM
AICTE/ ICSSR GRANTS TO BIMTECH FACULTY

Name Dr. Anshul Verma Project Title Modernization and Removal of Obsolescence Scheme (MODROBS) - AICTE Career Award for Young Teachers (CAYT) AICTE Research Promotion Scheme (RPS) AICTE Conference on Indian Economic Growth in Regional Framework ICSSR 1st Year Grant 712000 2nd Year Grant 178000 3rd year Grant Total 890000
Mr. Devendra Kumar
300000
300000
300000
900000
Dr. Parameswar Nayak BIMTECH is now a part of International Doctoral Consortium. Currently there are 10 Universities/business schools (flagged in the picture) involved in the consortium: NORTH AMERICA UMASS Boston (US) Athabasca University (Canada) York University (Canada) Saint Mary's University (Canada) SOUTH AMERICA FGV (Brazil) EUROPE Queen Mary University (UK) Radboud University of Nijmegan (the Netherlands) Jyvaskyla University (Finland) University of Eastern Finland (Finland) ASIA BIMTECH (India)
100000
5882
105882
Dr. Shri Prakash
126000
14000
140000
FDP ON RESEARCH METHODOLOGIES

A two-day FDP was conducted on Research Methodologies in BIMTECH on 9 and 10 October 2013. In the words of the attending faculty members, the program was an engrossing and enriching one. Using a hands-on SPSS approach, participants were given a detailed exposure to Regression and Factor Analysis. The first session on Day-1 was conducted by Dr. Shri Prakash. He took the participants through a quick tour of the Philosophy of Research, covering essentials such as, structure of research, evolution, schools of practice, the scientific methodology and the status of social science research in the overall research domain. The session set the tone and tenor of the two day program. Dr. A. K. Dey began his session with Scale Development and Testing and untwined this crucial area of research. His insights uncovered the seldomhighlighted areas that actually lend credibility to research findings. The session was remarkable for developing application skillset of the attendees by means of intense and quality interactions.Further to it, Dr. Dey spoke on Factor Analysis, an indispensable social science research technique, in the afternoon session on Day 1. A walkthrough tutorial using an example on SPSS was extremely effective in maintaining a high level of participative interest. Doubts, arguments and clarifications between participants and Dr. Dey flowed thick and fast. Theoretical premises helped a great deal in connecting the dots. A faculty assisted hands-on session on Factor Analysis on Day 2 of the FDP, whetted the appetite for more. It gave participants a first hand experience of the elegant dimensionality reduction technique on a data set that was shared by Dr. Dey. Regression was discussed by Prof. A.N. Bose. The session helped researchers and faculty attendees crack the myth that regression is not the bland push-button test to determine a "coefficient of determination". Instead, the theory of the foundations of inferential statistics was invoked to justify its interpretation and implications for research.
PH.D. THESES SUBMITTED

Name Ms. Chitra Bhatia Arora
Total eight theses have been submitted, out of which seven candidates have submitted Ph.D. theses to University of Mysore, Mysore and one candidate has submitted her thesis to Mohanlal Sukhadia University, Udaipur.
Supervisor Dr. Shri Prakash
Topic of the Research Determination of Equity Prices in Selected Stock Exchanges in India: An Empirical Study Analysis of Households Choice between Current and Future Consumption Expenditure: A Study of National Capital Territory of Delhi Factor Endowment, Structure of Business and Trade: An Analysis of Interrelations in Indian Economy Impact of Deposit Mobilization and Credit Creation by Commercial Banks in the Indian Economy A Study of State Bank of India since 1991 in an Input-Output Framework The Indian Social Enterprises in Livelihood Sector: A Study of their Challenges Performance of Chain of Organized Pharmacy Retail Stores in Delhi and NCR: A Frontier Analysis Approach Impact of Exchange Rate Fluctuations on Merchandise Trade and Growth Productivity and Profitability as Indicators of Organisational Structure of the SMEs of the Electrical Goods Industry in the NCR of Delhi
Ms. Ritu Sharma
Dr. Shri Prakash
Every weekend, I am taken back to my college days, away from the daily rut of difficult deadlines, even more difficult targets and bosses who always seem to be at loggerheads with me. The weekends come as a big relief, though I have a backpack heavy with my books and laptop, the mind doesn't feel burdened at all. There is always something new waiting to be learnt from fellow scholars and teachers in every session. Before I decided to give the entrance examination for EFPM at BIMTECH, I inquired with academicians about the reputation of BIMTECH. The consensus was, If you want a degree, there are easier options but if you want learning, opt for BIMTECH. My experience so far corroborates those views. BIMTECH has helped reignite my desire to learn, undertake research and once again become a student of management. When I started my weekend classes, I expected a deserted campus to greet me. But I was surprised to find a busy, vibrant environment with young students, busy scholars, and teachers. I felt as if in their silent communication, they were connecting with me and giving me an assurance that I am at the right place. So far we haven't been pushed to our limits by the teachers; rather the focus is on getting our concepts clear so that we can understand the nuances of research. Because the teachers are not sitting on their past laurels and even after several achievements talk about doing new work, they are the role models for those like us who have joined the course after several years of work experience. I am sure my years at BIMTECH campus will reinvigorate new desires, new abilities and new aspirations, which will make me a seeker once again; and this time for life!
Ms. Sonia Anand
Dr. Shri Prakash
Mr. Harsh Kumar
Dr. Shri Prakash
Ms. Bhawna Anjaly Ms. Smriti Pande
Dr. H. Chaturvedi Dr. G. N. Patel
Mr. Abhinav Rahul

Corporate Vice President Max Life Insurance Ltd. Executive Fellow Programme
Ms. Rekha Sharma
Dr. Shri Prakash
Ms. Niharika Joshi Bhatt
Dr. Shri Prakash
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SPORTS
December 2013
ITS PLAY TIME AT BIMTECH!

INTER B-SCHOOL
FUTSAL TOURNAMENT
n 16 October, Foot N Boot Club, the official football club of BIMTECH conducted an Inter B-School Futsal Tournament. The event was first of its kind in BIMTECH where 8 teams played continuous football in a night long Futsal (Five- a-side) Tournament. While BIMTECH had two home teams, one team was the KEDGE B-School of France represented by a team of BIMTECHs foreign exchange students and 5 visitor teams included football teams from B-Schools IMI, MDI, FORE, IIFT and FMS. As the tournament progressed through the night, MDI and BIMTECH Team B made it to the finals, which were held early next morning. The final match was an exceptional display of football by both the teams. MDI team was the winner by a long margin of 5-1 defeating the home team, who had put up a great fight as well. The winners and runners up were given cash prizes and trophies. Trophies were also given to the best defender, goal keeper, striker and midfielder. The event was a huge success and the efforts of the Foot N Boot Club were appreciated by the Director, Dr. H. Chaturvedi and Sports In- Charge, Dr. Rishi Tiwari, who graced the event for the final match and distribution of prizes. It is events like these which help strengthen relations of BIMTECH with other B-Schools and we look forward to similar occasions in the future.
July to October
SPORTS ACTIVITIES
BIMTECH organized 18 Sports events and activities for the period July to October 2013 including core sports events and recreation and sports culture development activities.
Born to Pedal
The first event of the academic year was conducted by the BIMTECH Cycle Club on 28 July, 2013 where a 10 km. ride was covered by 22 riders including Dr. H. Chaturvedi, the Director of BIMTECH. With a slogan Born to pedal the Cycle Club started off the year with an energetic event which was also covered by the media. Following this, the club conducted five more cycling events gathering growing popularity amongst the students.
was crowned as Inter-Departmental football champions 2013. An event first of its kind in BIMTECH, was organized - a football match between the foreign exchange students from France and the BIMTECH students. Living up to the theme of the event Bridge the cultural gap, with a friendly football match. BIMTECH students won the match with a score of 6-4. September 5, 2013 was celebrated with a token of adulation and amicability for BIMTECH teachers. The Sports Conduit organized fun events such as arm wrestling and musical chair for them on Teacher's Day. The Sports Conduit also organized fun events such as Matki phod on Janmashtmi and Kite Flying on 2 October which marks both Gandhi Jayanti and the Foundation Day of BIMTECH. On the occasion of National Sports Day, i.e. August 29, the BIMTECH clan participated in "Celebration of National Sports Day & National Conference on Contribution of Physical Education in Public Health, Fitness and Sports Promotion in New Delhi, India. Six first year students brought fame to the institute by receiving applauds from various Arjuna Awardees, Dronacharya Awardees, Padmashree nominees and many distinguished Physical Education and Sports personalities including Vice Chancellor of Gujarat Sports University and Former Vice Chancellor of Jiwaji University, Gwalior. Mr. A. K. Shirotriya, Sports Officer of BIMTECH was the Joint Organizing Secretary of this conference. The Sports Conduit also conducted various inter departmental and inter class tournaments for other sports. Inter Class Volleyball Tournament was organized between September 28 and 29, 2013. PGDM 2nd year emerged as the winners of the tournament. Exclusively for girls this time, Interdepartmental Girls Throw ball Match was organized on October 4, 2013. The girls participated with enthusiasm and PGDM - IB 1st year girls stole the show. To cater to all the basketball fans the Interdepartmental Basketball tournament was conducted by the conduit between 8 and 10 October 2013. The tournament gave the students a chance to showcase their skills on the court.
Maitri
Friendship's Day was celebrated through Maitri, a friendly basketball match between the first and second year students in which the first year students emerged victorious.
LAURELS AT MDI
BIMTECH WINS
ports enthusiasts of BIMTECH proved their mettle at MDIs college festival Akshayam 13. Our students displayed exemplary skill and passion as they went on to win glory for BIMTECH. We participated in 6 events, namely, Volleyball Men, Badminton-Men and Women, Football, Futsal and Cricket. The Badminton Womens team was efficiently led by their captain Pragya Trivedi and won the finals by beating the girls team of SP JAIN, Mumbai. The Volleyball Mens team, led by captain Ashish Reengasia, steered victory in our favour by defeating the host team in the finals. Throughout the tournament, the Volleyball Mens team didn't concede even a single set to the opponents. To add to the victorious streak, in the Futsal event BIMTECH stood 2nd under the great leadership of Captain Praveen PK. Badminton Mens team, led by Captain Akash Agrawal, also played exceptionally well but suffered defeat at the semifinals stage of the competition.
22 Yards
After the success of the cycling club, the Sports Conduit introduced a new Cricket club called 22 Yards. This club organized a BIMTECH Premiere League (BPL). After an auction of the players the event commenced on August 14 and the heat was on till September 6. Team Warriors won the BPL Trophy.
The First Encounter

Foot n Boot Club, the football club of BIMTECH conducted The First Encounter, a friendly football match between first and second year students. The ice breaker match was held on 3 August 2013 with lots of enthusiasm by the players and spectators alike. The second year students won the match despite the first years putting up a great fight.
Sudden Death
The Sports Club organized Sudden Death, the Interdepartmental Football Tournament from 24 August to 7 September, 2013. PGDM Section C of the 1st Year
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EVENTS
December 2013
COURT MARTIALA PLAY BY ASMITA THEATER

The famous ASMITA Theater Group marked the 26 Foundation Day celebration of BIMTECH by performing their play Court Martial, written by Swadesh Deepak. On the eve of this important day, the head of ASMITA, Director Arvind Gaur organized this performance. Mr. Gaur is passionate about directing theater and street plays on socio-political issues of India and aims to change the hearts of his audience through his works. The storyline of the play is centered about the exploitation and denied self-respect to subordinates by their senior officers in the Indian Army. It talks about the disparities still running through the veins of the fabricated Indian society. It pokes at your ribs and says that caste system is not a subject of the history text books, rather, the permanent imprints of feudal mentality etched in the minds of millions are too difficult to eradicate. Director Gaur acknowledged the impact this play has had across the country in last 20 years and has given birth to actors who went on to earn laurels in Indian Film Industry. He said he loves this story because it teaches us to value human dignity as paramount something that goes in-line with the BIMTECH Vision as well. The team earned an enthralling audience response. Shocked silence, quiet sobs and passionate claps amid occasional chuckles ended in a standing ovation. Dr. H. Chaturvedi, the Director of BIMTECH assured that the ties of ASMITA and BIMTECH will remain established in future for more successful events. Along with students and faculty members, the play was watched by alumni, foreign exchange program students from BEM, France and other guests.
BIZMARK
BRAND IT 3.0
Bizmark, the marketing club of BIMTECH came up with their first event of the academic year, BRAND IT 3.0 on August 28. Brand It 3.0 was an advertisement competition which tested the talent and creativity of students to market a product which is disjoined from its normal association. The products were Patanjali Cola, Mac D dhokla, Odonil mouth freshener, Tide fairness cream and Pepsi lassi. Brand It 3.0 had two subcategories - Video and Enactment. In the former, the participants were asked to create a video ad featuring the promotion and marketing of one of the products. In the enactment segment the participants performed live to deliver the same. The group were allowed to choose only one of the two modes for a product. Thirty teams participated in the event. The enthusiasm and energy from the students made it to be a gala success. The event was judged by Prof Sunil Sangra and Prof A.V. Shukla. The winners in enactment category were Marksmen team(Members - Aman Sachdev, Shubham Chhabra, Varun Garg) and that of video category were Empty Bins(Members - Abhinav Bajpai, Himanshu Sharma, Saurabh Vijayvergiya, Sanjay Davis Tony).
MAJLIS THEATER WORKSHOP

A three days theater workshop was conducted by Mr. Arvind Gaur in August 2013. The purpose of this workshop was to bring out the feelings and emotions that we harbour within ourselves, but have trouble expressing. Just because I dont say what I think, doesnt mean that I dont think! What better medium than theater to Express not Suppress. This would go a long way in the future of the students, where human capital building is the need of the hour and their ability to connect with their work teams would be tested by their communication. Sh. Arvind Gaur is famous for his work in innovative, socially and politically relevant theater. He has worked with the National School of Drama and coached the likes of Kangana Ranaut. His work deals with internet censorship, communalism, caste issues, feudalism, domestic violence, crimes of the state, politics of power, violence, injustice, social discrimination, marginalisation, and racism. Shilpi Marwah, who played Abhay Deol's sister, Rashmi, in Raanjhanaa, prefers to be recognized from her work in Street Plays. The workshop was conducted on August 29, 30 & 31 at the Activity Plaza and was attended by over 70 enthusiastic students from both batches across all programs. Beginning with the Mirror Image exercises to the final Nukkad Natak performances by the groups of students, the forum provided an interactive session, where strangers on the first day, became friends by the end of the program.
TAG OF WAR
The marketing club went corporate this time with an offer of Live Projects to the winners of its event Tag of War. Mr. Pankaj Rastogi, Head Sales and Marketing and Ms. Rinky Tewari, Manager Operations judged the event along with Dr. A V Shukla, Chairperson- Admissions and mentor BIZMARK in the presence of Chief Proctor, Dr. K R Chari. The event was a simulation of Brand wars among 6 teams allocated with different brands - Samsung mobiles, Apple Iphones, Hyundai, Maruti, Colgate and HUL oral care. These 6 teams were selected on the basis of a current marketing affairs quiz in which 35 teams took part. The two and a half hour event was highly stimulating, knowledge gaining and definitely took event standards at BIMTECH to the next level. After gruelling rounds involving presentations and question and answers, Team Pi r square stood out to be the winner and Team Baazigars were runner up. The judges and other guests expressed their appreciation for the event and the judges offered their full support to future BIZMARK activities.
THE GREAT DEBATE 2013
Putting the debating skills of the new batch to test, Majlis - The Debate & Theatre Society of BIMTECH conducted The Great Debate 2013. Majlis has been holding this event, exclusively for the first year students, for 5 years in a row and organised it as its first event of the year 2013-14. From more than 100 candidates, only fourteen made it through to the final round. The topic was then announced, and the finalists started gearing up for the day when they would be going up on stage and fighting it out. India's demographic dividend not paying off: Indian youth to blame was the topic of the debate. The topic was understandably not among the common ones the fresh CAT takers were familiar with. This gave the contestants a sample of what they could expect to be talking about in B schools and in the future. July 22, 2013, the day of the debate finally arrived and Prof. Dhruva Chak and Dr. Parameswar Nayak, senior members of the faculty at BIMTECH cordially agreed to judge the event. Every participant gave it his / her best in the first round and only eight finalists passed the elimination. Further, they were subjected to the scrutiny of each of the other finalists, the judges and the audience. The points discussed made one think deeply about the importance of India's favourable demographic not paying off dividend and steps to tackle the issue. Aabhar Gilhotra and Aman Sachdev the charming hosts of the event, kept the audience engaged with their quick thinking and witticisms. With an efficient organisation from Team Majlis, the event smoothly wrapped up with two winners for each side of the topic, namely Sumit Rekhi & Abhinav Bajpai claiming winners' prizes while Nandini Bansal and Hrishikesh N winning the runners-up.
PALETTE
FUNAMBULOUS 2: CARRYING ON THE LEGACY

Palette, the Art Society of BIMTECH conducted Funambulous 2 in the beginning of October. After a successful run last year, Funambulous 2 was back with a bang. With a huge participation of 100+ enthusiastic students and exciting rounds, Funambulous 2 turned out to be a great fun event for participants and spectators alike. Based on the lines of the popular game Pictionary, the event had three rounds. In the first round Bhagam Bhaag, the teams had to draw and describe as many objects as they could within one minute. In the second round Aasman se tapke khajoor mein atke, hindi idioms were to be described and in the final round Picture abhi baki hai, the contestants described bollywood movies to their team mates. The event was won by first year PGDM team comprising of Abhishek Rane, Aditya Nathan and Himanshu Sharma. The efforts put in by the Palette team were paid off with the appreciation they received from Prof.Nagpal and Prof.Chari who were the judges for the event.
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EVENTS
December 2013
JAGRITI A CAMPAIGN AGAINST ACID ATTACKS

Jagriti - a campaign against acid attacks, started from BIMTECH's gate and continued to Jagat farms, where the procession assembled and formed a rally of about 50 students and faculty. The students went on streets and appealed to the people not to attack women with acid, by means of slogans, banners and posters. A huge crowd assembled to see the nukkad natak presented by 'Fitoor' group of our college and everyone appreciated it. The crowd was addressed by activists from an NGO called STOP ACID ATTACKS, along with a victim, who told her story and appealed to all to prevent such atrocities. Director, Dr. H. Chaturvedi expressed his sympathy for victims who had suffered and anger against culprits of the heinous crime. He appealed to all the masses to stand against this injustice. The victim along with other members of the NGO were given a token of appreciation by Dr. H. Chaturvedi for their efforts.
PRATIBHA 2013
Carrying forward its tradition, this year too BIMTECH celebrated the Independence Day in a unique way by organizing Pratibha, an intra-college fest. The day began with the flag hoisting by the Director, Dr. H Chaturvedi, followed by the national anthem and a speech. After that, every nook and corner of the institute was buzzing with a plethora of events. In addition to the management-related events, the fest also included cultural and literary competitions. Pratibha 2013, was a huge success and this year many new exciting ,funfilled and innovative events were introduced to involve maximum number of students. The plethora of events included Ad Mad Psyche Switch Nukkad Natak BIMTECH Idol Dancing Superstars B-Plan Best Manager The Great Debate Coffee Couple Buyers Town Just a Minute (Jam) Junkyard War 3 Idiots Mask Me -The Face- Painting Competition Graffiti Wordsmith Nail And Thread Treasure Hunt Fashionista
There was an overwhelming response for the events, both in terms of participants as well as the audience. Overall, Pratibha 2013 met its desired goals when our Activity Plaza was filled with so many Young Pratibhas and budding organisers for future events @ BIMTECH.
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INTERNATIONAL
INTERNATIONAL UPDATES
UPDATES
December 2013
MOUs
UEF, Finland: An MoU has been signed between BIMTECH and University of Eastern, Kuopio towards
Student Exchange program from the next academic year and research focusing on Innovative Management and comparative study across different countries. UEF, is a dynamic university of high repute and ranked among the top 300 in global universities in QS rankings. Both will provide support to discover Health Business in India; triangular partnership between India, Finland and Africa; availing funds from IFS, IMF, WB and Nordiac Asia Center. Under its long term goal, BIMTECH is aiming to collaborate with Nordiac-South Asia research center. In September, Dr. Rahul Singh visited University of Eastern, Kuopio, Finland to deliver a lecture and attend meetings hosted by the University.
STUDENT EXCHANGE PROGRAMME

Destination BIMTECH
In the current trimester, the number of Incoming Exchange Students has risen drastically, reflecting the enthusiasm among the foreign students of partner institutes abroad. The exchange students are from: BEM (Kedge Business School, Bordeaux), Euromed (Kedge Business School, Marseille), La Rochelle, Rouen Business School, RBS-IFI and Kozminski University. The positive feedback of the International Exchange students who came to BIMTECH in the past has motivated them to select BIMTECH for this programme. Students conduit has assigned one BIMTECH student as their buddy to help them in every possible way.
BIMTECH students nominated on Exchange Outgoing Programme

In order to provide a cross cultural exposure and a global perspective to the BIMTECH students, CIA has nominated 46 of them for Exchange Outgoing Program to study abroad with BIMTECH International partner Institutes in France, Germany, Poland, South Korea and South Africa. The Exchange Program has become increasingly popular with the students and nearly 15% of the students during the two year PGDM Programme have got an opportunity to spend a term or two at the partner Institutes.
PFH, Germany: An MoU between BIMTECH and PFH, which is a privately owned and a leading B-School of
Germany, has been signed. PFH invited Dr. Rahul Singh to discuss and finalize the grounds of collaboration.
ICESI, Colombia: Recently, an MoU has been signed between ICESI and BIMTECH. Ambassador of Colombia
to India, HE Juan Alfredo Pinto Saavedra, Economic Attach, Mr Gustavo Makanaky and a group of three professors and thirty six students from B School of ICESI University in Colombia visited BIMTECH in July, 2013. The agenda of their visit was to have a panel discussion on the Economy and business between India and Colombia and thereby to promote collaboration between the two Institutions.
I SHOULD SAY THAT BIMTECH IS A GREAT INSTITUTE WITH EXCELLENT FACULTY, DEDICATED STAFF AND TALENTED STUDENTS. I AM SURE THAT BIMTECH HAS THE STRONG POTENTIAL TO REACH ITS GOAL IN THE NEAR FUTURE. I REALLY ENJOYED MY STAY HERE AND I WILL CHERISH WHAT I HAVE LEARNT FROM PROFESSORS AND CLASSMATES, SIXTINE ZELLER, STUDENT, ESSCA FRANCE
Visits
Prof. D. K. Malhotra, Philadelphia University, USA: Prof D. K. Malhotra, Professor of Finance, School of Business Administration, Philadelphia University, USA visited BIMTECH and delivered lectures to PGDM students on derivatives. Dr. Zhou Lin, China and Dr. Peacock, AACSB Singapore @ BIMTECH: Dr Zhou Lin, Dean, Antai College of Economics and Management (ACEM), Shanghai Jaio Tong University (SJTU), Shanghai, China and Dr. Eileen Peacock, Senior Vice President and Chief Officer, Asia from AACSB Singapore visited BIMTECH. The agenda for Dr. Lins visit to India and B Schools is to learn about the schools in India and their internationalization accomplishments. Dr. Lin emphasized the importance of having global knowledge exchange partners. ACEM is triply accredited by EQUIS, AMBA and AACSB. With a strong faculty, experienced and selfmotivated student base, Dr. Lin is focusing on faculty exchanges, joint research and short term programs like Doing business in China with their partners.
Several academic and other actions have been pursued to contribute in achieving the goals in the Vision 2021 of BIMTECH. Student Exchange and International Executive Education have been two of the focused activities to append to the agenda. Student Exchange, Dual Degree and the India Study Program have enabled students to make long term relationships and undergo continued learning process. It was decided to construct a strong and organized platform where all students moving internationally on different programs and those coming from International partners to BIMTECH come forward to form a long lasting community. The community is proposed to be known as BIMTECH International Student Exchange Network (BISEN). Its goal is to strengthen the network to create opportunities for members and help in professional and social movements globally. This network is also open for BIMTECH alumni.
BISEN
Student Exchange Orientation by International Affairs Conduit

In September, 34 students from partner universities joined BIMTECH under the exchange program. Before their formal induction, the International Affairs conduit organized an orientation for the exchange students. This made them familiar with the institute, the city and other aspects of living and studying in the campus. The orientation started with the introduction of all the students and reasons behind choosing India as their student exchange destination. By showing them a video, they were given the feel of not only the student life at BIMTECH but also the Indian culture.
LAUNCHED
International Exchange Incoming students @ BIMTECH 32
Orientation day for Exchange Incoming Students 33
UPDATES
December 2013
Towards the end of the trip, Prof Chak held discussions with Prof Sunil Mithas and Prof Melissa Carrier on possible ways and means of carrying the collaboration forward. These will further be discussed during Prof Mithass forthcoming visit to India. It is sincerely hoped that the present project is of utility to the client and thus will pave the way for similar projects in future. Strengthening of the collaboration and taking our students and faculty further on the path of globalization is envisaged in our Vision statement and we do our best to spread the essence of it.
FOUR BIMTECH STUDENTS BAG CONSULTING PROJECT IN US

BIMTECH Students Visited Washington D.C. for CIBER International Consulting Programme Project in collaboration with the RH Smith School Of Business, University of Maryland, USA The CIBER Programme
The CIBER Program was created by The Congress to foster international understanding and enhance the ability of American businesses to prosper in the world economy. The Smith School CIBER helps to achieve this mission by integrating the Smith School's extensive international resources with those of Washington area institutions and organizations. Thanks to an initiative launched by the Centre for International Affairs four BIMTECH students Aastha Jain, Ankur Rohilla, Praveen Yeluri and Tushar Bahl, chosen through a rigorous selection process, spent a week in Washington D.C. collaborating with their counterparts from the Robert H Smith Business School, University of Maryland, to work on a Consultancy project for the client Jayshree Tea. Prof. Dhruva Chak is the BIMTECH mentor for this project.
The CIBER Project

The Smith School CIBER International Consulting Program provides its Master of Business Administration students, the opportunity to work in collaboration with students from leading business schools in other countries on actionable consulting projects. This gives them the first-hand experience of traveling to, and working in other countries and to obtain exposure in global business practices, issues, conditions, etc.
Experience in Washington D.C.

Most of the sessions took place in the Ronald Reagan Building located in the heart of Washington DC. Prof Dhruva Chak, presented the overview of India as a country and also showed the audience a corporate presentation and a corporate film. Mr Sumit Dalan, Manager, Tea Exports for Jayshree Tea presented the company and the problems faced by them to the audience. The project involves widening the scope of Jayshrees operations and strengthening its sales of packed tea. The project will continue virtually through the ELMS system where mentors and students will be on the same page as far as project progress is concerned. Smith school students will visit India for a fortnight in January and final presentation will be made before the client in Kolkata. Another consultancy project is also underway as part of the CIBER project, between Smith School students and those of the University of Chile. During the week in Washington the students benefited from the educative talks on Project Management, Cross Cultural Challenges in International Business and Consulting Strategies by Smith School faculty and practitioners from Deloitte. They also spent several sessions working with Smith School students in defining and fine tuning the scope of the Consultancy project that they were working on. A presentation was made towards the concluding session before Prof. Dhruva Chak and Prof. Sunil Mithas and all those involved in both the CIBER projects. The students were also taken to the World Bank where they witnessed a presentation on the history, setting up, functioning and relation of the World Bank to other financial institutions such as IMF and IBRD. Apart from the academic side of the trip, various novel cultural and other treats were in store for our students.The hospitality received from Smith School students and faculty was truly heart - warming.
RANGANATHAN SOCIETY EARNS LAURELS AT INTERNATIONAL CONFERENCE
Ranganathan Society for Social Welfare and Library Development (BIMTECH) participated as a Knowledge Partner in a two day International Conference on Open Access Scholarly Communication Reincarnated: A Futuristic Approach organized by the Department of Library and Information Science, Bangalore University, Bangalore in association with Korea Institute of Science and Technology Information (KISTI) and Indian Library Association (ILA), Delhi from August 19 to 20, 2013. The occasion was blessed by the presence of Sri Sri Ravi Shankar, religious guru and founder of Art of Living, who was also the Chief Guest of the conference. Dr. H.Chaturvedi, Director BIMTECH, attended the conference as the Guest of Honour and Dr. Rishi Tiwari, Librarian, Knowledge Center BIMTECH, attended the conference as the Chairperson for one of the technical sessions. The conference was attended by around four hundred LIS Professionals of National and International stature. The work done by the Ranganathan Society for the betterment of the society, especially, those done at Dasna Jail, Ghaziabad and Lucknow Jail, under the leadership of Dr. Harivansh Chaturvedi, President, Ranganathan Society was appreciated and acknowledged by everyone present. On the inaugural day, Dr. Harivansh Chaturvedi was felicitated for his continuous involvement and innovative initiatives in the CSR activities. The felicitation was done by Sri Sri Ravi Shankar, Prof. B. Thimme Gowda, Vice Chancellor of Bangalore University and Prof. A.N. Rai, Director of NAAC, Bangalore.
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UPDATES
December 2013
ECO CHAMBER's LOK RAJYA TURNED BIMTECHians ADVOCATES OF STATE ECONOMICS
NEW MEMBERS IN THE BIMTECH TEAM

BHUBANESWAR CAMPUS
Dr. Prithvi Yadav, Director Dr. Prithvi Yadav is the Director of the newly established BIMTECH campus in Bhubaneswar. He has a vast experience of 25 years in esteemed institutions like IIM, Indore; IIFM, Bhopal; GHSIMR, Kanpur and Agriculture Research Service,ICAR. Dr. Sudeep Mallick, Associate Professor Dr. Sudeep Mallick has done his B.Tech (Hons) in Electrical Engineering from IT-BHU and FPM from IIM, Bhubaneswar. He has an experience of 14.5 years working with renowned names like Tata Motors, Infosys, XIM, Bhubaneswar and IIT-Kharagpur.
Dr. Chandan Kumar, Assistant Professor Dr. Chandan Kumar has a work experience of 33 years working in XIM, Bhubaneswar; KIIT University, Bhubaneswar and Oriental Insurance Company. He has done his B.A, Post Graduation and Ph.D from Utkal University, Bhubaneswar.
Ms. Y.R Lakshmi, Assistant Professor Ms. Y.R Lakshmi has completed her B.Com and M.Com from University of Madras. She has 8 years of work experience with IIM, Ahmedabad; Asian Institute of Business Management, Bhubaneswar and Biju Patnaik Institute of IT and Management Studies, Bhubaneswar.
GREATER NOIDA CAMPUS

Mr. Fazal Jaferi, Catering Officer- Trainee Mr. Fazal Jaferi has joined as a trainee catering officer. He completed his Diploma in Hotel Management from AMU, Aligarh and has 3 years of work experience. Mr. Chandra Shekhar, Senior Executive, HR Mr. Chandra Shekhar has joined as a Senior Executive in the HR department of BIMTECH. He has 1.6 years of work experience and he has done his MBA from GLA ITM, Mathura.
he Economics club, Eco Chamber, organized its maiden event of the year, a debate competition, LOK RAJYA: Your State, You advocate.
It was thrown open by conducting a BIMTECH-wide opinion poll on the topic Which Indian state enjoys relative wholesome growth? Its results were displayed to raise the engagement of the audience for the preliminary event (elimination round). For this, each participating team had to choose an Indian state which they believed enjoys wholesome growth and had to justify their stand on the parameters of economic growth, human development, mission and vision of the state and comparative analysis with other states. From an enthusiastic 24 teams registering for the event, five finalists were selected. The final event was conducted in three rounds. Firstly, each team had to make a comprehensive presentation for six minutes on their state and justify that their state is comparatively better than the rest in terms of wholesome growth. The second round was a rebuttal in which each state questioned other states. The house was declared open in the third round, wherein teams had to face questions from the judges and audience. Not only did the participants perform an extensive research, but they also articulated their findings with reason and argued them well with the opponents. Passion, vision and knowledge were adequately displayed by the participants as well as audience. The exciting contest ended with two teams Madhya Pradesh and Chattisgarh tied for first place! A tiebreaker question was asked by the judges, through which team Madhya Pradesh was adjudged winner. The event was judged by Prof. Jagdish Shettigar and Prof. Arindam Deb, whose vital insights into the forum enlightened the participants and audience. The objective of the event, which was to familiarize students with the growth model of 5 Indian states and encourage their economic planning path by means of debating was well achieved. The team of Dibyanshu Tripathi, Ankur Malhotra and Ashish Agarwal represented Madhya Pradesh and Manjot Singh Shergill, Tript Sidhu and Abhinav Mathur stood for Chhattisgarh.
Ms. Sakshi Goel, Admission Counsellor Ms. Sakshi Goel has joined BIMTECH as an admission counsellor. She has done her Post Graduate Diploma in Management from Symbiosis, Pune and has a work experience of 3 years in her field of expertise.
Mr. V.S Varun, Programme Assistant Mr. V. S Varun has joined BIMTECH as a programme assistant. He has a work experience of 7 years. He has completed his B.A from M.G University, Kerela.
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EDITORIAL BOARD Editor PROF. SANGEETA SHUKLA Editorial Committee ANKIT SHARMA - PGDM DEEPA PAUL - PGDM KOMAL PREET KAUR - PGDM RAJAT BATRA - PGDM RM RISHAB KUMAR - PGDM IB SALONI BHATNAGAR - PGDM RM SONAM SRIVASTAV - PGDM ADITI PRIYAM - PGDM ANUBHA SWAMI - PGDM SHARON KUNDU - PGDM PRASHANT TYAGI - PGDM TAMANNA MAHAJAN - PGDM Photographs by SHRI JOGINDER KUMAR

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SUCCESS &SUCCESS & HAPPINESSHAPPINESS SUCCESS &SUCCESS & HAPPINESSHAPPINESS SUCCESS & SUCCESS &

SUCCESS & HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & SUCCESS & HAPPINESS HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & SUCCESS & HAPPINESS HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & SUCCESS & HAPPINESS HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & HAPPINESS

SUCCESS & SUCCESS & HAPPINESS HAPPINESS

SUCCESS & HAPPINESS

SPECIAL ADDRESS BY HIS HOLINESS THE DALAI LAMA

HIS HOLINESS THE DALAI LAMA BLESSES BIMTECH WITH

Excerpts from the Question and Answer Session:

PLANNING THE WAY FORWARD

SHRI YASHWANT SINHA, MP

DR. AJIT RANADE

- DR. ASHWANI KUMAR

THE FOUNDATION DAY LECTURE

COMMENCEMENT OF PROGRAMME AT BIMTECH'S BHUBANESWAR CAMPUS

SECOND BATCH OF DIPLOMA IN FOREIGN TRADE INAUGURATED

NATIONAL CONFERENCE ON INDIAN ECONOMIC GROWTH IN REGIONAL FRAMEWORK

A TALK BY DR AJIT RANADE

ROUND TABLE ON IMPLEMENTATION

ians BIMTECH Shining

MBA UNIVERSE GOLD AWARD

AWARD FOR CSR

FOR BIMTECH SDP PROGRAMME

FIRST AND THIRD PRIZE

THINK TANKS IN INDIA, PUBLIC POLICY

FDP ON INORGANIC GROWTH STRATEGY

DR. JAGDISH SHETH,

November 2013 December

INTERNATIONAL DOCTORAL CONSORTIUM

AICTE/ ICSSR GRANTS TO BIMTECH FACULTY

Mr. Devendra Kumar

Dr. Shri Prakash

FDP ON RESEARCH METHODOLOGIES

PH.D. THESES SUBMITTED

Supervisor Dr. Shri Prakash

Ms. Ritu Sharma

Dr. Shri Prakash

Ms. Sonia Anand

Dr. Shri Prakash

Mr. Harsh Kumar

Dr. Shri Prakash

Ms. Bhawna Anjaly Ms. Smriti Pande

Dr. H. Chaturvedi Dr. G. N. Patel

Mr. Abhinav Rahul

Ms. Rekha Sharma

Dr. Shri Prakash

Ms. Niharika Joshi Bhatt

Dr. Shri Prakash

ITS PLAY TIME AT BIMTECH!

The First Encounter

COURT MARTIALA PLAY BY ASMITA THEATER

MAJLIS THEATER WORKSHOP

THE GREAT DEBATE 2013

FUNAMBULOUS 2: CARRYING ON THE LEGACY