Activity on Road Safety

Road safety pledge and poster making activity was conducted in all the classes on 12th and 13th April, 2017.

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Farewell 2014-2017 Batch for BBA / BCom H

 Farewell to BBA / BCom H for Batch 2014-17 was organized on 15th April, 2017 at Paradise Banquet Hall, Vasant Kunj from 12 pm to 5 pm. All the students participated with full enthusiasm and zeal.

 

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BAD BANK:  A NEW SAVIOR OF GOOD BANKS

How interesting it is that a bad bank is going to safe good banks. But the point is  that these good banks will be good banks because of existence of bad bank. What exactly is the parameter of good or bad bank is a big question .But the answer is very simple, as banks are financial institutions which facilitate the flow of funds from surplus to deficit player in the economy in a most efficient manner. That means banks take deposits from households and give them interest, hence create liabilities in its book. On the other hand, corporates they take loan from banks and pay interest to the bank, hence loans are assets in bank’s book. But there is very important point to be kept in mind , these loans are assets in bank’s book till they generate interest and the bank has assurance that it will get principal back .In case bank has given loan and the borrower is not in a position to pay loan amount as well as interest for 90 days. As a result the bank will not earn interest income on that particular amount of loan disbursed but it has to pay interest to the depositor, hence bank’s liabilities may go up and assets may decrease. In case of high rate of inflation, downfall in economy, lower business growth rate or depreciation of  currency ,lack of vigilance by  lender in disbursing loan may result in conversion of healthy bank assets to zero return generating asset . This will result in keeping more of capital aside for protecting depositor’s interest, because banks are liable to pay the principal amount back to their depositors. In India, Public sector banks have huge pile of bad loans. To get rid of these bad loans, there will be only one bad bank which will take all the liabilities of good bank and will try to convert the bad loans back to good loans. Hence Bad bank will make all the Public Sector Banks in India to perform with higher efficiency.

Management Mantra: JIMS  Faculty  Members convert all minus of students to plus and make them most eligible for India’s corporate world  (the way bad bank takes all problems of good banks and make them better banks).

By: Dr. Neelam Tandon

Associate Professor: (Economics and Finance)

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Farewell 2017 for PGDM & PGDM (IB)

Farewell to PGDM & PGDM (IB) for Batch 2015-17 was organized on 8th April, 2017 at Paradise Banquet Hall, VasantKunj from 3pm to 8pm. All the students participated with full enthusiasm and zeal.

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Management SYMPOSIUM at IITM,Janak Puri

A competition was held on 1st April 2017 , Management SYMPOSIUM ,at IITM ( Institute of Information Technology and  Management), Janak Puri,where Gunjeeta Puri, PGDstudent and Parvee Kapoor, BBA student on being awarded “Judge special prize” for presenting in the research paper contest at Symposium:”Transforming India through Digitization: Issues and Challenges”. The students won cash prize with certificates.

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RISE OF CAREERS IN VOCATIONAL COURSES AMONG YOUTH IN INDIA

Parnes(1963:5) very precisely said “Creativity is thinking and responding process that involves connecting with our previous experience, responding to stimuli (objects, symbols, ideas, people, and situations) and generally to at least one unique combination.”

Education enhances competence but is also a valuable tool for widening and advancing by and large the quality of individual life. But, it has become a tradition in India that the emphasis has been on general and technical education, where vocational education stands at the last priority. We often have a belief that those who have a fondness for pursuing Arts subjects are those who cannot dig up Science and Commerce or those who are below average in academics. But if truth be told, it’s high time to rethink. Today, proceeding toward artistic courses can lead to money-spinning career prospects equivalent to the other streams. Also this trend has now been acknowledged by various institutions and hence there is a greater push on vocational courses.

Today, Indian education system need to confront for providing skill based coaching to people ahead. Not only rural areas, but also in metro cities, there is a huge necessity for imparting the same.

Gone are the days where generations of Indians enjoyed their safety enclosures by having technical degrees and diplomas. It was assumed as a gateway to go overseas, earn status and bigger package and even a better marriage prospect. Today, we see that a silent revolution is there somewhere down the line, as young talents do something their ideals never could have thought of. This cultural shift has brought a new wave of prospective students for vocational and artistic courses by choosing careers in fashion, communication, media, dance, music, photography, animation, innovation and interior designing and many more.

Nowadays, lot many career counseling are done to make people aware about vocational courses, their significance and scope in coming years as it is believed that taking these courses would endow more employment opportunities than those provided by conventional intellectual courses. There is a biggest drawback in our education system that out majority students pursue career extraneous to their education or degrees.

These students, especially from IT background, should foresee their careers in creative field, content, poem and blog writing etc., rather than becoming simple engineers. In India, people are fanatical for Cricket and take it as the most popular game but still very little population prefers sports as a full time career, even if they are born for it. There is a need to inculcate a level of confidence in them to go for offbeat careers like Politics, event management, media planner, concept artist, clothes designer. So many options are there if we make broader viewpoint towards such courses like photography, painting, adobe Photoshop, animation etc.

The city’s cultural bodies serve a platter of workshops and activities aimed at youngsters layering maximum creative pursuits. From DJing to dance, being an RJ, painting to graffiti, dance performance, video editing to event production there are openings everywhere to polish certain skills.

It can be concluded by believing that Art help build self esteem and sense of pride when you work hard to bring life in your artistic works. Art helps to improve one’s alertness and improve the cognitive abilities. This is because to succeed in vocational career, one needs to observe something, strive to reconstruct it and then to correlate it with reality so that the world once again start believing in you, your talent and not only your credentials.

 

MUGDHA SEHGAL

ASSISTANT PROFESSOR

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Forthcoming event : Farewell 2017

Farewell for the batch 2014-2017 is going to be conducted on 15/04/2017 at The Paradise Banquets, Vasant Kunj.

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Industrial visit to Moon Beverages

Industrial visit to Moon Beverages (Coca-Cola bottling plant) located at Ghaziabad was organised for students of BBA VI E on 29th March, 2017 by Ms. Jasleen Rana.

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Changes in the Income Tax after the release of Finance Budget 2017

The Finance minister Arun Jaitley presented the Union Budget for the fiscal year 2017-18 . He announced various changes in the existing rate of taxation for individuals. It’s been proposed to cut the tax rate for the taxable income of less than Rs 500,000 from current 10% charge to 5%. This slash in tax will benefit the resident/ non-resident Individuals who are below the age of 60 years and Individuals above the age of 60 years but below 80 years of age. Rebate available under section 87A of the Income-tax Act, 1961 has been proposed to be reduced from Rs 5,000 to Rs 2,500. Such rebate shall be available to the resident individuals whose total income lies below Rs 350,000 from the earlier limit of Rs 500,000.
Due to the above amendments in the tax provisions, the net benefit available to an individual with taxable income of Rs 350,000 is Rs 2,575 and those whose taxable income is Rs 500,000, they will be benefitted by Rs 7,72. Also a surcharge of 10 per cent shall be levied on the individuals whose income is Rs 50 lakh- 1 crore.
Also, those who will do late filing of tax return will have to pay fine up to Rs 10,000. The new provision is meant for brining amendments in the section 80CCD of the Act so as to increase the upper limit of Gross Total Income (“GTI”) from to 20% in case of individual who is self-employed. Thus this amendment has brought about parity between an individual who is an employee and the one who is self-employed. Thus, for a self-employed individual, contributions to National Pension Scheme shall be allowed to the extent of 20 percent of his/ her Gross total income. Also, the limit of cash donations to the charitable trusts has been reduced from Rs 10,000 to Rs 2,000.

In case of capital gain taxation the existing provisions considers the Fair Market Value (“FMV”) as on April 1, 1981 for long/short term capital assets acquired on or before the said date. In this year’s budget the base has been shifted to the April 1, 2001. Accordingly assessee has the option to consider the cost of the asset or FMV as on April 1, 2001 in respect of assets acquired on or before April 1, 2001. Further, for the indexation of cost of acquisition and improvement year 2001 shall be taken as the base year.

Also, for the capital asset land and buildings, section 2(42A) of the Act has been amended so as to reduce the holding period from prevailing 36 months to 24 months in case of immovable property. No exemption shall be provided for the long-term capital gains on transfer of listed shares if STT (securities transaction tax) is not paid on purchase of then unlisted shares bought after Oct 1, 2004. A one-page form will be introduced for filing income tax return for individuals having taxable income up to Rs. 5 lakh and income other than business income. The finance minister has also said that such individual who files income tax return for the first time will not be subject to any scrutiny in the first year until and unless any specific information available with the tax department.

By Ms Pooja Rana

Assistant Professor

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“MEDIA AKASH- 2017” by USMC, GGSIPU

 University School of Mass Communication ,Guru Gobind Singh Indraprasth University at Dwarka, organised its Annual Media Fest “MEDIA AKASH- 2017″on 28 th and 29 Of March 2017. Aman Rashmi of BBA II (E) was declared  Winner in Unleash the Flash.  He along with the certificate was also awarded with Rs. 1000 cash voucher from Lenskart and 3 days/ 2 nights holiday stay voucher from Sterling Holidays all over India. All the participants were rewarded with Rs.100 vouchers of mypic.com for each event and participation certificate.

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