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“The First of its Kind” Induction Programme @ IIM Ranchi: Welcoming Newness in a Fresh Way !

The two-week long induction program for 2015-2017 PGDM and PGDHRM batches served its purpose of ice-breaking, bonding and information sharing, all while living up to the brand value of an IIM. Unlike the expectations of the students, the learning commenced right from day 1 (day zero being reserved for registration process), yet it was ensured that the students aren’t dismayed but amused. It began on 13th June with Dean, Prof. (Dr.)  Pradip Kumar Bala addressing the entire batch with a welcome speech focusing on the mission and vision of IIM Ranchi. This was followed by the welcome speech by Director, Prof. Anindya Sen who motivated the students to work brilliantly while maintaining a personal philosophy of life. The entire induction program was meticulously designed by Prof. Gaurav Marathe.

The activities to follow required the 190 students to be divided into 8 batches, to engage them into interactions, group learnings and performances.The first activity for the groups was to prepare a 7 minutes short film on ‘Management in our lives’ within 24hrs! This, and several such assignments aimed at encouraging team work and co-ordination among students while making them aware of “deadlines are sacrosanct” mantra at IIM Ranchi. The students submitted impressive entries and lived up to  the expectations of the judges, in terms of uniqueness of storyline, direction and performances. The short film show was followed by a ‘Know your state’ session where Professor of Economics at Ranchi University, Prof. Saran enlightened the batch about the tribal community in Jharkhand. The next few days had presentations on Administration, Hostel and Mess, Library, AIS and other facilities provided by the institute, including the important Bloomberg session on being familiar to the Bloomberg terminals. They were also exposed to a few foundation classes on Excel, Case Study solving and Quantitative Techniques by the in-house faculty at IIM Ranchi.

Prof. Amita Dutt from Rabindra Bharati University delivered a lecture on Dance forms of India portraying its heritage, values and culture in a novel way, while Prof. Swapan Kumar Mullick, (Director, The Statesman Print Journalism School) gave the students an informative and enlightening lecture on film making. Prof. Deepak Dhamija  and Prof. Ghanshyam Lalsa also guided them through the art of drama making.  An outbound program was arranged in collaboration with the RMG Learning Centre,wherein the students got some time out to visit rock gardens, the 120 year old Firayalal Shopping mall, take snaps in front of Captain Dhoni’s house, among many other things in Ranchi. RMG group kept the students engaged with fun activities such as solving murder mystery and war strategy.

Besides this,  the new batch attended area presentations on Accounting and Finance, Operations, Marketing, Economics and Strategy building and HRM and Organizational Behaviour by the respective faculty members. They also were a part of International Yoga Day, observed across the country. The most interesting part was the sports events arranged by seniors. Tug of War, Dodgeball, Bricks, Pipes and Marbles,  to name a few. These games were not just fun, but were also associated with an important learning in management. The senior batch also worked very hard on introducing each and every committee, club and special interest group to the junior batch, so as to pass on the baton to them in coming times.

The  induction programme reached its culmination with the Talent show. During the entire 2 week Induction Program, each and every team, in the little time at disposal for preparation for the Talent Show, ultimately managed to pull off some stellar performances in front of the judges. Social issues, humorous acts, entertaining performances filled the CMPDI auditorium as the teams  staged some rare talents amidst an enriched diversity of engineers, geologists, architects and commerce students having varied work experience in diverse domains.

These two weeks gave the students a complete hang of how busy, occupied yet enjoyable the coming two years are going to be, leaving them totally prepared to ride the daunting B-school roller coaster as the classes begin from 29th June 2015.

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From France With Love – Student Exchange Program At IIM Ranchi

Travelling across continents to come to an absolutely new place can be a daunting thought for many. However, for Alexandre Issad and Leo Mounier’, their stint at IIM Ranchi proved to be an experience of a lifetime.  The two students came all the way from Audencia Business School, France to come to a place which neither of them had visited before. They were the first students to come to IIM Ranchi as a part of the Student Exchange Program (STEP) Program. Here is what they had to say about their three months in IIM Ranchi.

First Experience in India – the spicy delicacies of Delhi

When we first arrived in India, Delhi was the place where we stayed. We stayed there for two days and had a great time there. Delhi is deep India. We did try some Indian food or rather the Delhi food. It was very good, but …very, very spicy. In time, we did accustom to the food here.

From Delhi to Agra – Taj Mahal beckoned

Though the schedule was hectic, we still managed to get the chance to visit various cities in India. Unfortunately, we couldn’t visit all the places that we wanted to, yet the places that we got to explore gave us wonderful memories. Our exploration of this amazing country took us from Delhi to Agra, where we saw the beautiful Taj Mahal. From the rooftop, we saw the sun rise over the Taj Mahal, which was an amazing experience. The way the orange hue of the morning sun shone against the white marble was an image of compelling beauty. We set out to see the monument very early in the morning and were probably the first people to arrive at just the moment when the gates opened for the day. We were glad to find not much crowd there. It was a wonderful and a very special moment for us to see Taj Mahal – the epitome of India right in front of our eyes.

The backwaters of Kerala, holiness of Varanasi and merriness of Goa3921bf95-6631-4681-a0b3-967515d05d15

We also went to the backwaters of Kerala. It was a very beautiful place. We got the chance to stay at a small place at the coast. There was something special about Varanasi. You could sense that it was a holy city. The last trip was in Goa. It was a dream for us, French guys, to go to Goa and when we went there, it was indeed a dream come true moment for us. Very different experience from the rest of the trips but an amazing one.

Back to Studies at IIM Ranchi

We were here to complete our term and were glad to find good faculty here. The subjects were taught really well. We were both Finance enthusiasts and the faculty at Finance was really experienced. It was a really good opportunity to interact with them. Overall, the classes were really interesting. We learnt a lot during our three months here.

The people, the friendliness and memories 8e813582-4caf-49d0-9f3c-967ccca37832

At IIM Ranchi, we felt really welcomed. It was a place where we got this wonderful opportunity to interact with people from different parts of the country. In fact, the first thing that struck us the most and eventually helped us the most was the friendliness of the people at IIM Ranchi. The faculty, the staff- everyone was really nice to us. We did not have much experience in staying in a foreign country and as a result, the initial days weren’t easy. Language was an issue as our fluency in English wasn’t perfect. However, gradually we were able to communicate with everyone, understand the people around us and be understood.  We would definitely have fond memories of the people of IIM Ranchi.

Fun at Futsal

One unique experience we had at IIM Ranchi was when we participated in Futsal. It was a small tournament but the energy which everyone showed was really great. We both enjoyed playing with other fellow students and it was really a fun event. Though we couldn’t win the tournament, it was a thrilling experience.

Unexpected learning

Every young man of our age should come here to learn more about himself and the world in which we live in. Here, we learnt beautiful things about ourselves, the people and a country which are truly amazing.

Message to juniors

The only advice we would like to give to our juniors would be that if they really want to have a truly unique experience during their student exchange program, they should come to India especially to a city like Ranchi.

Au Revoir guys!

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To New Beginnings – IIM Ranchi

An MoU was signed between IIM Ranchi and UNICEF on December 9th, 2016. UNICEF is partnering with IIM Ranchi to set up a Centre for Policy Advocacy & Management (CPAM) to continuously advocate, engage and collaborate with policymakers and other stakeholders on child survival, protection and development issues.

Welcoming the initiative, the CAO of IIM Ranchi, Brig. VS Saini said that this enhanced partnership would help improve the lives of children and families in Jharkhand.

Dr Madhulika Jonathan, Chief of UNICEF, Jharkhand said, “We are glad to be partnering with IIM Ranchi on the occasion of UNICEF’s 70th anniversary this year. UNICEF’s mandate and innovation strategy focuses on expanding partnerships with academic organisations to be able to leverage new ideas, strategies and approaches to improving the development goals. To seek to reach the SDGs, UNICEF is seeking to go beyond short-term engagements to integrated partnerships that add value to regional activities, advance critical analysis and programming, and can have an impact on a large scale.”

GRS_0239

Addressing the students and guests, Director of IIM Ranchi, Prof Anindya Sen said that this initiative would provide a golden opportunity to the faculty members as well as students of IIM Ranchi to contribute towards the growth and inclusive development of Jharkhand. This opportunity will be the ideal platform for students to know of the ground realities, and be able to consolidate their efforts towards the betterment of the society.

She said that the engagement with IIM Ranchi would have CPAM host scholars, researchers and subject experts as a part of the Visiting Scholars Programme for identifying gaps, suggesting solutions and building an evidence base to influence and strengthen government programmes and policies. Advocacy seminars and conferences will be organised to increase awareness of students, companies, NGOs/CSOs and the civil society on child rights, sustainable development goals (SDGs), responsible business practices and corporate engagement. Capacity development programmes are planned for government officials and working professionals on management aspects and corporate social responsibility in partnership with Jharkhand Corporate Social Responsibility Council of the Department of Industries, Mines and Geology. The CPAM will also undertake documentation of innovative CSR work and best practices in the field.

The initiative also aims to provide stability and direction to innovative thinking so as to create a ‘new policy environment’ in Jharkhand for the successful implementation of policies taken up by the government. It also has a long-term vision of combating nutrition related issues in order to come up with a solution for malnutrition which is a gripping problem in the state. To further the cause of Swachh Bharat, awareness regarding sanitation would also be an agenda of this programme.

In addition to this, efforts will be made to document the CSR initiatives and practices undertaken by the people of Jharkhand. The students of Ranchi are enthusiastic about the prospect of working with the international body on this noble cause.

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A CA’s Perspective On Demonetization – IIM Ranchi

Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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Amidst all the demonetization chaos, IIM Ranchi students had the honour of having an interactive session with Mr Parag Kulkarni. The Finance Club of IIM Ranchi organised a meet with Mr Parag who is the first and youngest Indian to complete CA exams from India, USA, England and Wales. He is an associate member of Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants of India (ICAI), a Charter Holder for CPA(USA), has also completed Diploma in IFR from the Association of Chartered Certified Accountants (ACCA), London and IFRS Certification from ICAI.

Image 1

In the session, Mr Parag discussed the impact of demonetization and its implications on different sectors of the Indian economy. Welcoming the step of demonetization taken by the government, Mr Parag explained its global perspective. “There are four types of money in the market”, he said, “ Black Money– the money that remains unaccounted to avoid paying taxes. Grey Money – the money that leaves the country unaccounted (black money in a foreign country) but is brought back again into the economy as white money (in form of some foreign investments). Then there is Green Money – the fake and counterfeit currencies brought in by anti-nationals. Lastly, Red Money – money that comes out of illegal business activities.”

Mr Parag blamed the bureaucratic system of governance, improper rules and policies of businesses for black money in the economy. He added that to eradicate black money from the system, the government would require to tackle red money first and along with that implement structural reforms. Talking about tax evasion through investments in tax havens, he said that the government will soon be coming up with tax laws in the coming financial year.

Due to demonetization, there has been an increase in the deposits to the bank, increasing the interest expense of the banks. This has lead to banks investing in government bonds to cover their spread, eventually increasing the funds with the government which would be spent for development of the economy, he said.  In the end, Mr Parag touched upon several other topics like economic crises of 2008 and inflationary measure RBI can take in near future. With a lot of KT, it was a great session.

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