International Yoga Day Celebration

JIMS Kalkaji celebrated ‘International Yoga Day’ on June 21, 2017 with a Special Yoga Session by Guru Shri Gopal Krishan Ji, from Anand Yog Amrit Trust. He gave guidance on Physical, Mental and Spiritual Practice.

19260306_1502934403115075_2929655687104669458_n 19399102_1502934393115076_5966864040067627136_n

 

 

Posted in Cultural Events | Leave a comment

Sustainable Development: Revised concept of Economic Growth

“The best way to predict the future is to create it.”

The term sustainability, also called as sustainable development, gained importance primarily after the 1980s. The first and most widely accepted definition was given by World Commission on Economic Development’s 1987 Bruntland Commission Report: “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Sustainability, at its most basic level refers to enhancement of living condition- the capacity to endure. The process of development, in recent times, has come to include sustainable development as one of its processes.

The characteristics of human population set the quality and extent of desires to be achieved by the society. The early classical and neo-classical economists referred to natural resources, especially land, as inputs required in production processes. It is then the manner in which they are all utilized which sets the path and limits of development. Classifying the resources as renewable and non renewable, use of the former can be subtractive but with capability of regeneration while use of the later is exhaustible and has no capability of regenerating in any finite time.

Sustainable development attempts to take a note of both economic and ecological aspects of resources. The ecosystem approach to developments includes waste management, investment in recycling and regeneration of natural resources and regard to extinct of species. It also takes into consideration the dimensions of direct utility received from natural resources in the form of recreation, intrinsic beauty and concern for inter-generational equity.

The classical and neo-classical consider the scarcity and availability of substitutes to evaluate the respective values and prices of natural resources. But how to deal with non-use values of resources? The irreversibility of the ecology, such as loss of a species, makes the non use equally important. On the similar lines, equitable distribution and access of resources is important attribute of sustainability. If, for instance, a mineral resource is exhausted by the present generation, this would imply denial of rights to the future generation for the same mineral. Then there comes a question of resilience. As stated by the Thermodynamics theory, higher and higher levels of production also implies generation of higher and higher levels of waste which, again, is not cost free. The environment has limited capacity to accumulate and assimilate the waste however slow it may be. But beyond a certain extent, waste assimilation would require higher level of investments.

The main aim of environmental and economic accounting is to expand the scope of calculating economic activities to integrate environmental and social dimensions in accounting framework. The concept of ‘Green GDP’ has been increasingly used for that purpose. Green GDP monetizes the loss of biodiversity, and accounts for costs caused by climate change.

Also mentioning the ‘Swachh Bharat Abhiyan’ campaign initiated by the Government of India which aims to accomplish the vision of ‘Clean India’ by 2 October 2019. The campaign was described as “beyond politics” and “inspired by patriotism”. Thus, preserving resources and environment for generations to come is of utmost importance if we wish to continue moving forward on the path of development.

Ms Shilpa Lalwani

Assistant Professor, JIMS Kalkaji

shilpa-lalwani

 

Posted in Faculty Articles | Leave a comment

Financial Literacy in India

Financial literacy means the ability of an individual to understand how money works in the economy and to be able to take an informed and an optimum decision pertaining to all financial matters. According to a global survey, around 76% of Indian adults don’t understand the fundamental concepts of finance, which are necessary for making basic financial decisions. Following are the results of a survey conducted by S&P which shows levels of literacy on various fundamental financial topics, comparison between BRICS nations on the basis of financial literacy and comparison of men & women around the world, in advanced economies and in emerging economies.

New Picture

We can conclude from the chart above that among the BRICS nations, India is the least financially educated. In Indian context, there are numerous interdependent reasons of financial illiteracy. Firstly, general illiteracy-inability of people to read and write leads to financial illiteracy. Illiteracy, in turn, is dependant on factors such as-poverty, socio-economic roadblocks, mindset of people, etc. Secondly, inadequate financial inclusion results in deficiency of financial literacy. Financial inclusion in rural and sub-urban areas is negligible. This is in turn dependent on poor infrastructure facilities due to which prevalence of financial institutions in such areas is either low or of poor quality. Due to meagerness of financial inclusion, major portion of rural population is unaware about basic banking services such as facility to deposit their savings, facility to borrow in the form of loans, etc. This could also be due to lack of awareness and education that people prefer to keep their monetary savings at home rather than depositing them into the bank. Also, people borrow from informal sources such as friends and family at high rates of interest because either they aren’t aware about this service provided by financial institutions or they do not trust these institutions. Thirdly, in the informal sector wages do not get transferred in the bank accounts of the earners, so there is not much incentive to put their money into the banks. In addition to this, ATM machines are hardly found in rural areas which make it difficult for people to withdraw their money in accordance with their convenience. This again, acts as another disincentive for people to save their funds in banks. Lastly, Indian society is orthodox and hence sees women as housekeepers and male members are expected to take care of all the finance related matters which creates deficit of financial literacy among women.

Some ways to tackle the problem of financial illiteracy are as follows:

Government of India should undertake mass drives to educate people on fundamentals of handling their funds. Government has already begun its efforts in the direction of financial inclusion by making provisions in the banking system like, opening of zero balance accounts, setting up of micro finance institutions, payment banks, etc. Another measure which enhances financial literacy could be to introduce basic financial topics in the curriculum at primary level of education; this will help those who do not pursue higher education.

By Ms Rupali Vashisht

Assistant Professor

rupali

Posted in Faculty Articles, Finance | Leave a comment

FDP on “Research Methods and Data Analysis using SPSS and AMOS”

The Faculty Development Programme has been organized by JIMS Kalkaji in association with QT Analytics, a Statistical Consulting, Training and Education provider. The FDP is being conducted by professional experts and eminent academicians from May 22-27, 2017 in Kalkaji Campus Conference Room.

Posted in FDP | Leave a comment

Blunders that can blow your resume

Do you usually wonder whether your resume had been read by your prospective employer? Does the phobia of your application being lost amidst competitive candidates a common worry to you? If you answered ‘yes’ to either of the two or both of these questions, you have reached to the right site to gain answers.

We all have dream jobs and a good, well-structured resume is the first weapon in the hands of the applicant that can make him or her win battle for the best job in the market. It is commonly told that if you don’t tell well, you can’t sell good. It is firmly believed in the professional world that one rarely gets a second chance to make first impression. Resume is the first communication that happens between a candidate and an employer even without seeing each other. The decision of whether or not to meet in person is processed only after screening resume prior to scrutinizing digital footprints of the applicant. It is worth your time to spend and build your resume. Following are a set of few tips that I would like to share:

  1. Label ‘Resume or CV’

More often than not it had been observed that the candidates write out resume or CV as a main heading to the document. How many a times, have we observed a toothbrush or a biscuit being labeled as a ‘product’? This is a cliché and must be stringently avoided.

  1. Focus on ‘me’

Just imagine someone talking to you even for a single minute about their past, present and future, how long would you be interested to listen to such a person? Same goes for your prospective boss or employer: if you won’t talk through your resume about how can you help the organization you wish to apply for, how do you even imagine your selection?

  1. Faking

It is a common error to bloat about achievements and listing up skills that one does not really possess and remember, interview is a situation where all that had been printed on the page is screened, scrutinized, quizzed and verified. To filter out milk from water is very facile for any interviewer, so do it at your own risk.

  1. Cliché Career Objective

‘To be a fruitful asset to the organization where I can enrich my learning and growth’ is a hackneyed phrase under the category of career objective. The job that is being looked forward to by the prospective employee promises and beholds along with career aspirations, his or her financial well being too. Thus, it is quintessential to carefully and candidly draft it.

  1. Listing roles not results

Many a times, while talking the might of the previous jobs, candidates tend to focus more on their previous job roles, duties and tasks assigned than the results achieved. The prospective employer is interested in calculating objectively the contribution of the candidate for the job and thus working upon the framework of salary.

  1. Listing accomplishments without date

Accomplishments such as winning sports or dancing competitions during schooldays stand good stead to communicate an overall groomed personality. But blowing your own trumpet, should be done cautiously.

By Ms Jyoti Kukreja

Assistant Professor

244e2a1

 

Posted in Faculty Articles | Leave a comment

Role of Data Analytics in Education

Data Analytics is the process of drawing and interpreting conclusions and decisions from huge data sets through varied techniques of data mining, predictive analytics, clustering, classification and visualization. In Education sector, a lot of data flows in and out every day in form of students, faculty, staff data, attendance records, test, exam and mark sheets data, textbooks reference, cafeteria menu etc. but little has been done with this structured, semi-structured and unstructured data on how to store it in a meaningful manner and draw effective conclusions and reports from it. Now days, lot of technological softwares have crept into Education in form of advanced softwares, flipped classrooms, smart boards etc. but yet a lot of opportunities are awaited for better data gathering and analysis.

Education analytics and data mining captures learning patterns of students, evaluation of effectiveness of study material, time and effort spent on each activity, attendance, frequency of meetings with faculty members, test and assignment submission on time etc. For example, Moodle, or Desire2Learn, Learning Management Systems (LMS) help to track time invested, frequency of postings, login attempts and development track of students much similar to what Google Analytics does on web and social network traffic. Such LMS techniques though are good to track completion of an assignment but fail before analytics where distributed social and information networks are more authentic and trusted through visual dashboards and scoreboards interpretation.

Data and Learning Analytic tools, if applied to Education, will help to monitor how inputs produce and influence output and various factors that contribute to learner success. It helps each student to study and progress in a course as per their level, understanding, convenience and learning capacity as data analytics ensures flexibility, adaptability, regular updates and retests in courses taught making them more concurrent with industry and academic standards of other National and International institutes. It helps in analyzing a student not only within campus but in external world too.

Artificial Intelligence, Machine learning, neural networks, fuzzy logic, language recognition are thus now combined with routine teaching pedagogy and collaborative learning. Massive Open Online Courses (MOOC), Open Study Tools, Learning Management System (LMS), SAP etc. are highly promoting analytics in Education sector. However, it is still facing some issues related to capturing soft elements of learning such as motivation, group discussions and face to face interactions. Data privacy, security and ownership are yet to be resolved as to determine who will be accountable for maintaining data warehouse, data access for different sets of users, access privileges, monitoring authentic usage of resources, correct dashboard interpretations etc are currently a big question to be answered. But if analytics is seriously taken in Education sector, emphasis should be more on techniques of evaluating the analytics models and understanding in which contexts those analytics are not valid. The complex challenges that institutes face can, at least partially, be resolved through analytics applications.

By Ms Palak Gupta

Assistant Professor

palak

 

Posted in Faculty Articles | Leave a comment

FDP on “Case Based Methodology”

The faculty development programme  has been conducted in JIMS Kalkaji by Mr Harsh Verma on 6th May 2017. The session was extermely interative and was based on “case based methodology”.

IMG_5693

 

 

 

 

Posted in FDP | Leave a comment

Education- The Road to Knowledge and  Economic Superpower

India has emerged as one of the fastest growing economies in the world and soon poised to take over  even as a knowledge superpower. However, this would be possible only if education enables that thrust. Future growth of an economy will depend upon the level of knowledge intensive sectors  and employment that the country is able to generate. Herein, lies the importance of quality education and higher impetus on further research and development.  Knowledge economy not only generates employment opportunities but also foster social welfare and economic development by including the human capital as a factor of production, thus emerging as a key driver to economic growth.

 

Human resource development occupies centre stage in all government policies, program me  and initiative. For any economy to be effectively emerge as knowledge economy, skill development and  sustained use of new innovation is fundamental to it. The development of this human resource has to become the new objective of education institutions who have to orient themselves and their curriculum in knowledge  generation, creation and transfer of knowledge in order to  meet the growing demand . A developed human resource contributes to the economy by manner of informed individuals who are far more prepared to embrace globalization. A well designed education policy and flexibility within the adoption promotes higher understanding, deep analytical thinking, intuitiveness  and competencies to face modern challenges. This element of education not only builds skills and competencies but also imparts the individual with a positive attitude, problem solving abilities and above all take ‘risks’ to attempt solving these problems in an innovative and novel manner. Thus, the education one receives not only benefits the individual alone but society, nation and the world at large.

 

India, undoubtedly, is making strides into the education sector and empowering itself to emerge as knowledge economy. However, the country suffers from a major limitation in this regard and that is we are still imparting low- quality education. This impacts the skill level and competency as a national force to meet new challenges of globalization. Unfortunately, for a long time in the past, country failed to bring about any positive and far reaching reforms to meet the new demands of a growing economy. The adherence to colonial past and inability to invest in developing human resource has left India with a huge ‘Human Resource Defecit’.  India remains trapped in ‘middle-income’ syndrome which has traditionally emphasized on only enrolment and not on child’s learning, It has failed to nurture the spirit of innovation and skill development. Hence despite the enrolment figures rising and people graduating in their disciplines, the sheer fact is that more than half of this graduate youth is unemployable. Gender bias in education still remains high and out of the total drop outs in middle and senior school, a majority of them are girls. Thus, absence of quality in education along with absence of flexibility in choices at all levels in education are some of the serious barriers to enable India becoming a knowledge economy.

 

Hence, India needs to act on an urgent basis to transform the quality of education imparted in the country. This quality approach has to take into consideration not only the ‘what’ of teaching but also the ‘how’, ‘Why’ and ‘where’ of it. The entire system requires to be revamped to empower an individual with the necessary skills, knowledge and multi disciplinary skills. Elements of teaching must endeavor to inculcate values, ethics, team spirit and respect for divergent opinions.

Ms Sanjeela Mathur

Associate Professor

images

 

 

 

Posted in Faculty Articles, Uncategorized | Leave a comment

Experiential Education

A system based approach where there are always things in black and white , there is always a right or wrong situation, there is one and one way of looking at a situation and the perspective has to be of the teacher who puts alphabets  and numbers and feeds them into the minds of young learners and never gives a chance to understand their orientation to things and situations. But is that how things should work or is there a need to completely revamp the ideologies set by the standards of the  education society.

There is definitely a huge cry and demand to let them be the self learners, learners who want to absorb concepts by imbibing them in their understanding in a way that they do not ever forget. But is there a pattern that can be broken and we can evolve in the field of education in a system where learning is there for both the parties involved in the exchange of information.

The traditional model of education for all schools and colleges has been speaking about lecture cum discussion or as we may say a chalk and talk method. This has always been the only way to impart education to the fraternity of youth for tomorrow but with the changing and evolving times it has become of prime importance to change the pedagogy as well. The new term is called as “Experiential”.

Experiential, as the word describes is gaining experience while you are learning. A very famous proverb says “Tell me and I ll forget, Show me and I may remember but make me do it and I will surely remember”. Gaining learning through experiencing through engaging activities is the need of the hour.

What could be the methods for making it experiential?

So there have been numerous studies now to find out on this aspect and some of them speak about methods like activities, games, simulations amongst many others .Many private schools have also adopted the model of letting the students be given the liberty to express in the most natural environment as it can be rather than through route learning for which the impact has been felt for a temporary period. Many colleges as well have started to adopt the model and are giving their students a wholesome experience learning through live projects, demonstrations, internships programs, student exchange programmes , constant interaction with the external turbulent environment .

Experiential mode of education is still evolving and institutions are beginning to realize the need to change the methodology and  are working towards giving a much more enhanced, powerful and effective approach by engaging them in the process of self learning  and development. There has be a pledge taken by the entire society of parents and teachers  to make this system work  and be able to see a completely different product for tomorrow who has the ability to engage , tackle and solve situations through various alternatives .The change is happening though slow but the realization has already happened for the good.

By Ms Gopika Kumar

Assistant Professor

1448879694_511569_Gopika

 

Posted in Faculty Articles, Uncategorized | Leave a comment

Guest Lecture by Mr. Nishant Chakarwarti

A guest lecture was organsied on 29th March,17 on “Career Awareness”. Students of BBA & B.COM(H) attended the guest lecture. It was an enlightening and informative session for the students.
IMG_0456
Posted in Guest Lectures, Uncategorized | Leave a comment