From Campus To Corporate - Tips From An IIM Ahmedabad Alumnus
Having worked for almost 4 years now, here is what I have learnt about the corporate sphere.
Having worked for almost 4 years now, here is what I have learnt about the corporate sphere.
Analytics is a rapidly growing market with organisations looking for talents across several domains such as engineers, MBAs as well as economics & statistic grads. Such a scenario enables one to work in a team with varied experience and backgrounds. Most organisations who used to earlier outsource major analytics work to pure-play analytics firms, today have in-house analytics teams as they prefer to keep critical data to themselves. Most top organisations such as Flipkart, Amazon, Walmart, Facebook have their own analytics team, which is increasing in great numbers. In addition, all the buzz words going around the market today are all to do with analytics, like, Data Mining, Big data, Text analysis are all integral to Business Intelligence in all fields of work, be it finance, marketing, operations and even HR.
The Union budget was announced by the Honorable Finance Minister of India, Mr. Arun Jaitley on the 1st of February, 2017. This budget had many firsts. For the first time the Union budget was announced on the first day of February and not the last. Also, for the first time the Railway budget was not a separate affair, it was clubbed with the Union budget. The highlights of the budget included the focus on pro-poor schemes, huge spending on infrastructure projects and farmer welfare schemes. Not much was changed when it came to the tax structure, besides slashing the tax rate to 5% for the lowest taxable bracket. In fact, indirect taxes were not touched at all as the Goods and Services Tax is expected to become a reality soon.
If the last quarter of 2016, saw journalists across the globe having a Trump up their sleeve, 2017 has already seen corporate action like never before. AT&T’s 109 Billion$ acquisition of the times warner group has kept tongues wagging for a while now.
Post budget discussions organised by VIT University on the Union Budget 2017-’18 recently evoked mixed reactions with speakers welcoming the thrust given to the farming sector.
It's what every B-school does, and they can teach each other some great practices. After being at 7 different B-schools, here are some tips that I found them doing exceptionally right.
The Finance Minister has been able to achieve a difficult balance between growth-oriented expenditure and fiscal prudence. The thrust on infrastructure development expenditure is expected to fuel growth. Lowering tax rate to 25 % for SMEs would also help business growth. The stock market has given thumbs up to the budget proposals by the Sensex increasing by 486 points.
On 8th November 2016, our Hon’ble Prime Minister Shri Narendra Modi, announced the demonetization of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. The primary reason was that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity including terrorism. The decision has been a huge one as, RBI estimations suggested that 16.5 billion and 6.7 billion notes of 500 and 1000 respectively were floating in the economy and all the cost that went on to print these had gone sunk which cannot be undermined (around ₹3 for printing one ₹1000 note). But the amount of collection of black money that govt. was expecting was definitely a lot more than that as almost 84% of the cash was in the notes of 500(45%) and 1000(39%).