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Chief Minister to felicitate Taxila Alumnus with Udyog Ratna Awards & Cash Prize of Rs 1.00 Lac.

Chief Minister to felicitate Taxila Alumnus with Udyog Ratna Awards & Cash Prize of Rs 1.00 Lac.

M/s Desire Energy solution Pvt Ltd a company owned by Mr Saurabh Gupta, Taxila Business School Alumnus have been selected for Rajasthan Udyog Ratna Award to be awarded by honourable Chief Minister Vasundra Raje Sindhia on 17th Sep 2017.
With a view to motivate industrialists and businesses in the state, the Rajasthan Government will honor industries for their excellent performance with Udyog Ratna Awards. Aimed at creating a healthy competition among industries. It will be a first of its kind award that the Government of Rajasthan will be honouring the industrialists with. “Four awards in each category of micro, small and medium enterprises will be given. Along with this, one award each would be given to national award winning handicraft artisans and weavers.
A total of fourteen awards will be given” said the Industries Minister, Rajpal Singh Shekhawat. “One lakh Rupees cash, letter of appreciation and a shawl would be awarded,” he further added.

CAT 2017: How to crack CAT: How to Prepare for CAT, getting seat in your dream Business School

CAT 2017: How to crack CAT: How to Prepare for CAT, getting seat in your dream Business School

It is critical to contemplate at least 3-4 hours for each day. On an off chance that you are doing some work alongside your readiness, endeavour to eliminate your rest during evening and concentrate during evening and late nights.

CAT 2017, which will be hung on November 26, is presently only three months away. CAT comprises of three areas which are Verbal and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DI and LR) and Quantitative Ability (QA). Each of these areas is designated one hour and there are 100 questions in total.
Essential subjects in each segment

Quantitative Ability (QA):
In QA, most of the questions originate from variable based math, number framework and stage and blend. Ensure that these subjects are secured completely by tackling however many questions as could reasonably be expected from them. Getting settled with these subjects would help you in boosting your certainty. Inquiries from geometry for the most part have an alternate route technique to understand them. Endeavour to learn distinctive easy route techniques to understand them while giving sectional tests.

Verbal and Reading Comprehension (VARC):
In VARC, the larger part of inquiries originates from para-disorders and Reading Comprehension (RC). Attempt to unravel RC of various spaces like brain science, science, financial aspects, prescription. Getting settled while perusing those entries from new areas would help you in looking over your understanding abilities and enable you to plan better.
Information Interpretation and Logical Reasoning (DI and LR): LR and DI is tied in with rehearsing and expanding your speed of unravelling. Attempt to hone up your brain by explaining whatever number various inquiries as could be allowed.

Keep in Mind these tips while getting ready for CAT 2017

Concentrate on study regularly: on the off chance that you began your planning as of late, you require not stress. Rather, simply concentrate on your arrangement, without getting worried. Ensure that you think about all the time. It is critical to ponder at least 3-4 hours for every day. On the off chance that you are doing a task alongside your planning, attempt to eliminate your rest during the evening and concentrate amid that period.

Parity speed & exactness:
CAT is tied in with adjusting precision and speed in the meantime which can be accomplished just through greatest practice. In the underlying period of your readiness, attempt to concentrate more on precision instead of speed. Bit by bit, with time, endeavor to build your speed keeping your exactness consistent. Don't simply concentrate on one segment and get ready for that. It is imperative to tackle inquiries of each area every day. It helps in keeping the speed and solace with every one of the points in place.

Cover all points
:

Leaving out specific subjects for CAT won't not be a decent technique. You may miss out on a chance to score simple imprints. In the event that you need to leave any subject amid planning, ensure that the point ought to is not a vital one, for instance, para-jumbles or permutation & combination.

Know your strong and weak areas by taking Sectional Mocks:

Since each segment has its own cut-off, along these lines it is critical to know your solid and frail regions. In the event that you have quite recently begun your readiness, for the following couple of weeks, chip away at your ideas and comprehend them altogether. Likewise, give sectional ridicules of these themes to see how very much familiar you are with those subjects. Simply giving sectional derides won't help you a great deal. It is significantly more imperative to see the arrangements and break down your execution and gain from your slip-ups.

Do full-length Mocks:

A similar thing goes for full-length mocks too, where simply giving excessively mocks isn't the most ideal approach to get ready. A significant measure of time ought to be given to the investigation of those mocks. Likewise, the gaining from those mocks ought to be ingested.
Search for the easiest technique: now and again, there are various approaches to comprehend a similar question. Endeavour to unravel the inquiry by the most limited strategy utilizing traps and alternate routes. Ensure that you remember those traps for some time later. Simply understanding an inquiry by utilizing a long strategy doesn't do any great.

Take little breaks in the middle
It is some of the time important to take softens up between consider while honing. This causes you to spruce up your brain and enhance your effectiveness.

Make a weekly study plan:
Make a 12-week study plan in which the first 5 should focus more on concept building and giving sectional mocks. The next six weeks should focus more on giving full-length mocks and analyzing them in detail. This would include working on your weak areas and making sure that you develop a certain level of comfort with those topics.

Focused efforts along with a hard study plan during last three months might help you get a in your dream Business School.


Reasons Why People Do MBA; Why MBA

1. MBA can help with professional success

A standout amongst the most well-known explanations behind doing a MBA is that, for some individuals, it can prompt the higher stage in their professions. Now and again, subsequent to working for a specific measure of time, individuals find that they've achieved a specific level in their vocations, and they require another thing to get to administration level positions. A MBA can add particular business aptitudes to your toolbox, for example, initiative or vital considering, that will be great capability while applying for administration level positions or advancements
.
2. A MBA can enable you to meet more and better individuals

It's said that it's not what you know, it's who you know. In the event that you do a MBA, you can meet many people: you'll be encompassed by educators, personnel, and understudies from everywhere throughout the world. Entry level positions – which are a required part of numerous MBA programs – are an approach to get a foot in the entryway into organizations and businesses you are keen on.
What's more, past that, most business colleges will support occasions, for example, boards and blenders, where you can meet individuals from the business world and past. Also, numerous business colleges' vocation administrations offices will have organizing occasions, where potential managers will come and acquaint themselves with you and your kindred understudies. These will turn out to be priceless resources as you search for employments after graduation.

3. A MBA can enable you to find out about other practical ranges and ventures

Understudies who need to move starting with one industry then onto the next will find that a MBA can help them with particular data that might be essential for the new business. For example, transforming from the retail area to the vitality division may require particular learning about administrative issues or vitality arrangement.
Moreover, changing from one practical region, similar to data innovation, to another, such as showcasing, may require an alternate state of mind about business.
In either case, a few understudies find that a specific MBA program can enable them to connect those holes.

4. A MBA program can enable you to move to another place


A MBA program can be a decent approach to move to another city, or considerably another nation. Simply being in another place for maybe a couple years can enable you to get the lay of the land, discover organizations that you need to work for, and orchestrate gatherings with potential bosses. Indeed, numerous understudies pick their MBA program in light of area — with a long haul perspective of staying and working after graduation.

The individuals who would like to move to another nation ought to know about visa controls. Some MBA rankings rate school in light of a metric called "worldwide portability," which means the number or level of graduates who wind up working in a nation that is unique in relation to where they are from.

5. MBA can enable you to get profit

Most importantly a decent MBA program can give a quantifiable increment in pay. Truth be told, for a large portion of the reliable MBA rankings, post-MBA "compensation increment" is one of the principle measurements for judging a school's quality in connection to others.

Few of the Best Private MBA/PGDM colleges in India:

MDI Gurgaon
XLRI Jamshedpur
IMI Delhi
SP Jain Mumbai
NMIM Mumbai
Taxila Business School Jaipur
Fore Delhi
Symbiosis Pune
Welingkar Mumbai

COMMON ADMISSION TEST (CAT) 2017 for Premier Government and Private B Schools In India.


COMMON ADMISSION TEST (CAT) 2017 for Premier Government and Private B Schools In India.


Common Admission Test (CAT) is national-level test for admission to PGDM/MBA, led by the Indian Institutes of Management (IIM). Feline scores are utilized for admission to different PGDM schools the nation over.
Calendar for CAT 2017 has been declared. The exam is booked to be hung on November 26, 2017. No progressions have been gotten, in the exam structure.
CAT 16 was directed by IIM Bangalore on December 4, 2016, result declared on 9th January 17.
20 boys, all from B.Tech scored 100 percentile.
Qualification
The competitor must have a Bachelor's Degree with no less than 50% or proportional CGPA (45% for SC, ST and PWD/DA class).
Business Schools Accepting CAT 2017 for MBA and PGDM score:

There's no particular list of CAT score accepting B Schools but In any case, other than all the 20 IIMs every best B-School in India acknowledges CAT scores including MDI, FORE, TAXILA BUSINESS SCHOOL.

Process
Admission is purely merit based and a rigorous selection process that consists of Written Ability Test (WAT), Personal Interview (PI), CAT score, and marks during school and college.

CAT 2017 Application Procedure:
It started from August 9. The application is to be submitted online. CAT enlistment process is a three-stage online process.
CAT registration process is a three-step online process, registration, log in and filling the application form on official website.

Test Fees
The enlistment charge is Rs 1800 for General and NC-OBC applicants and Rs 900 for SC/ST/PWD (DA) classifications.

CAT ADMIT CARD
CAT 17 admit cards will be accessible for download from October 18. Admit card is a required document to be carried to the exam centre along with a additional ID proof.

Best PGDM/MBA School accepting CAT Percentile

Adani Institute of Infrastructure Management, Ahmedabad
AIMS Institutes, Bangalore
Alliance School of Business, Bangalore
Amrita School of Business, Coimbatore
Balaji Institute of Modern Management, Pune
Bharathidasan Institute of Management, Tiruchirapalli
Birla Institute of Management Technology, Greater Noida
Birla Institute of Technology and Science, Pilani
Birla Institute of Technology, Mesra
Delhi School of Management, Delhi Technological University, Delhi
Department of Management Sciences, University of Pune, Pune
Department of Management Studies, Indian Institute of Technology, Delhi
Department of Management Studies, Indian Institute of Technology, Madras
Department of Management Studies, National Institute of Technology, Tiruchirapalli
Faculty of Management Studies, University of Delhi, Delhi
FORE School of Management, Delhi
Goa Institute of Management, Goa
Great Lakes Institute of Management, Chennai
IBS Business School, Hyderabad 
Indian Institute of Forest Management, Bhopal
Indian Institute of Management, Ahmedabad
Indian Institute of Management, Bangalore
Indian Institute of Management, Calcutta
Indian Institute of Management, Indore
Indian Institute of Management, Kashipur
Indian Institute of Management, Kozhikode 
Indian Institute of Management, Lucknow
Indian Institute of Management, Raipur
Indian Institute of Management, Ranchi
Indian Institute of Management, Rohtak
Indian Institute of Management, Tiruchirappalli
Indian Institute of Management, Udaipur
Indian Institute of Social Welfare and Business Management, Kolkata
Indian Institute of Technology, Indian School of Mines, Dhanbad
Indian Institute of Technology, Kanpur
Indian Institute of Technology, Roorkee
Institute for Financial Management and Research, Changambakkam
Institute of Finance and International Management, Bangalore
Institute of Management Studies, Banaras Hindu University, Varanasi
Institute of Management Studies, Ghaziabad
Institute of Management Technology, Ghaziabad
Institute of Public Enterprise, Hyderabad
Institute of Rural Management, Anand
Institute of Rural Management, Jaipur
ITM Business School, Navi Mumbai
Jaipuria Institute of Management, Lucknow
Jamnalal Bajaj Institute of Management Studies, Mumbai
KIIT School of Management, Bhubaneswar
Kirloskar Institute of Advanced Management Studies, Harihar
KJ Somaiya Institute of Management Studies and Research, Mumbai
Lal Bahadur Shastri Institute of Management, Delhi
Loyola Institute of Business Administration, Chennai
Management Development Institute, Gurgaon
National Institute of Agricultural Extension Management, Hyderabad
National Institute of Industrial Engineering, Mumbai
National Institute of Technology, Durgapur
National Institute of Technology, Rourkela
NSHM Knowledge Campus, Kolkata
PES University, Bangalore
Prin. LN Welingkar Institute of Management Development and Research, Bangalore
Prin. LN Welingkar Institute of Management Development and Research, Mumbai
Rajiv Gandhi Indian Institute of Management, Shillong
School of Management Studies, University of Hyderabad, Hyderabad
School of Petroleum Management, Pandit Deendayal Petroleum University, Gandhinagar
SCMS Cochin School of Business, Cochin
Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay
SP Jain Institute of Management and Research, Mumbai
Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai
TA Pai Management Institute, Manipal
Taxila Business School Jaipur
University Business School, Panjab University, Chandigarh
Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur
Xavier Institute of Management and Entrepreneurship, Bangalore
Xavier Institute of Management, Bhubaneswar

MBA from top Business Schools are in high demand in 2017-18

MBA/PGDM from top Business Schools are in high demand in 2017-18

For the 7,500 or more MBAs moving on from India's major 30 Business Colleges, the 2017 season accompanied its own arrangement of difficulties in the prompt fallout of demonetisation. Organizations went mindful on the contracting front; compensation bundles crosswise over grounds saw a normal 6-15% increment and the mind-set, all in all, was more quelled than in the former couple of years.

In the midst of this, be that as it may, for blue-chip scouts, MBA kept on being a key driver of their India development story. Advanced change of organizations and the rising open doors that emerged from the present dynamic business condition was one of the essential regions B-school graduates were hired during the current year.

Rubbing shoulders with Cognizant in the best three were ICICI Bank and Deloitte, both of which have been installations in the best 10, since 2011.

"As we leave on the following flood of change and fortify our way of life of being dynamic, dexterous and client driven, we will keep on hiring top-quality MBA from chief business and designing schools as a piece of our procedure," said TK Srirang, head of HR at ICICI Bank. The bank said it has enlisted 223 hopefuls from B-schools this year.

Presently in its seventh year, the ET Top Recruiters study depended on information gathered from 30 Top Business Colleges crosswise over India: IIM Bangalore; IIM Lucknow; IIM Indore; IIM Kozhikode; XLRI-Xavier School of Management; Management Development Institute (MDI) Gurgaon; Indian Institute of Foreign Trade (IIFT), Delhi; Faculty of Management Studies (FMS), Delhi; Taxila Business School Jaipur; SP Jain Institute of Management and Research (SPJIMR); IIM Shillong; Narsee Monjee Institute of Management Studies (NMIMS); IIM Trichy; IIM Rohtak; IIM Udaipur; Xavier Institute of Management (XIM), Bhubaneswar; Shailesh J Mehta School of Management (SJMSOM), IIT Bombay; WESchool; National Institute of Industrial Engineering (NITIE), Mumbai; Great Lakes Institute of Management; Goa Institute of Management; Institute of Management Studies, Banaras Hindu University (prior FMS-BHU); IIM Kashipur; International Management Institute (IMI), Delhi; Symbiosis Center for Management and Human Resource Development (SCMHRD), Pune; Symbiosis Institute of Business Management (SIBM), Pune; and Department of Management Studies (DoMS), IIT Madras.


Consulting mammoths overwhelmed the rundown this year, a declaration to their developing requirement for MBA that can be quickly sent to address customers' issues. "Progressively, a few firms keep on exploring choices to set up worldwide advancement focuses in the nation, and this also could be fuelling this metric," said SV Nathan, boss ability officer at Deloitte India.

Deloitte slipped to third position on the ET Top Recruiters list, yet the organization said it has contracted more than 1,000 alumni from the Class of 2017 crosswise over business colleges as in past years. MBA graduates were contracted crosswise over business vertical and administrations.

B-school hiring has expanded by more than 45 for each penny at IT administrations advisor Capgemini, a move that has shot the organization into the best five of the best enrollment specialists' rundown following a four-year hole. Almost 25 for every penny of the offers made at B-schools incorporate understudies from the IIMs. "Capgemini in India is today a 100,000-individuals association and is the conveyance spine of the gathering. As we develop in India, it is critical for us to recognize and prepare youthful potential pioneers for the future," said Anil Jalali, head of HR for India at Capgemini.
IT organization Wipro, which enlisted more than 200 understudies from chief B-schools this year said request is principally determined by business needs and association progression.

Indeed, even as internet business enlisting fell forcefully, Amazon proceeded with its upward adventure in the best enrollment specialist rankings. Opponent Flipkart went off grounds, however Amazon, which visits around 30 grounds yearly, ventured up its employing from grounds by 15-18 for every penny this year.

"As we develop, we have gained critical ground in pulling in top MBA ability from top B-schools in the nation. Our MBA procuring is about numbers as well as the quality and assorted variety of ability we get. We employ in triple digits consistently and that number is just expanding," said Priti R, chief, ability obtaining, APAC "Our concentration is to offer understudies profession decisions in numerous territories. We offer profession decisions crosswise over 20+ parts which is novel to Amazon. Our attention is additionally on assorted variety with 25 for each penny of our contracts being females." Amazon procures for parts in retail, operations, HR and back and said it's not the family of the organization that is basic but rather a blend of understudy intrigue and capacity to meet the organization's enlisting bar.

Consulting firm EY, which entered the ET top spotters list without precedent for the seven years of the overview, said it had employed around 300 MBA understudies, up 15% from a year ago.

"We have a vigorous summer entry level position program with a viewpoint to change over pre-arrangement offers thus far, we have seen a transformation proportion of 60 for each penny at our objective chief schools," said Sandeep Kohli, ability pioneer, EY.
"B-school employs frame a fundamental piece of our general technique and get new bits of knowledge important to the regularly evolving business, client and innovation scene," he included.

For proficient administrations associations, the present market exhibits a scope of chances in light of the way that the dynamic business condition, changes in law and control, developing plans of action, and the effect of innovation related advancements and disturbances, has most ventures and organizations moving in the direction of tending to the rising open doors and difficulties.

So as to react to the market needs, gifted and spry ability keeps on being a necessity that drives the requirement for administration aptitudes crosswise over particular development ranges, said Shalini Pillay, head, individuals, execution and culture at KPMG in India.

With regards to the pattern of consulting firms drenching up huge numbers crosswise over B-schools this year, KPMG, as well, has enrolled a sizable 350 understudies from the 2017 graduating clump. In the previous two years, over all organizations, B-school hiring have expanded by more than 51% , Pillay said.

MBA and PGDM from top universities and Best Business Schools is still sought after in the midst of testing time. A couple of B Schools like Taxila Business School was able to place their batch on an average placement of 7.0 Lac with maximum of Rs 14.80 Lac.

Why Executive MBA is Beneficial for Working Professionals?


Why Executive MBA is Beneficial for Working Professionals?

You may have scaled the achievement step and feel sure about your position at the work environment. In any case, there comes a period when you encounter staleness and it is that minute when

You feel that an official MBA would have done a ton to push your profession further. Previously, you may have joined occupation in the wake of graduating attributable to family weight, yet now you lament for not doing a MBA that could have opened new roads in your calling.

In spite of making enormous progress, numerous senior pioneers and working experts feel the need of a degree at one point. Not to stress, gaining a degree in MBA is not hard if an expert needs to amidst his profession. Off late, getting a MBA degree has turned out to be effectively accessible to anybody and everybody. In any case, not all nature of the degree is proportional and fills a similar need. Along these lines, when chasing for the correct degree you need to evaluate what the degree offers and how it can help shape your profession into encourage improvement. You have to check all EMBA courses from the rundown of Top-indent official MBA Business schools in India in understanding to getâ the things appropriate in the request.

Thusly, to empower working experts extemporize on their administration abilities, official MBA is seen instrumental and viable. The degree goes for ingraining administrative abilities and helping people like you who have not done a MBA before to develop better in the corporate field. In the long run, you take in more about administration at a point in your profession when you have to liquefy the dormancy and bring new measurements of learning and abilities for rendering a further lift to your vocation chart.

Lets investigate what is an official MBA, and the advantages it gives.

An official MBA, which implies Master's of Business Administration program is implied for built up experts who have finished at least 5 years of working knowledge. The best part is the program offers an indistinguishable advantage from any normal MBA.

An individual get the particular advantages from the course:

While you are a full-time representative you can think about at the same time so you can enhance your execution at the occupation.

At school, you find out about new business aptitude that open new degrees for administration considering and impact your approach towards basic leadership. You get creative thoughts and motivations, and contacts to re-characterize your profession.

Since there is a scope of administration and business disciplines associated with a MBA course, you pick up specialization from it to guide your vocation one specific way.

You are ensured achievement and supreme development in your vocation chart.

You procure the abilities of creating systems of expert and individual contacts.

The progress situations just show signs of improvement; from practical chief to the post of general director, from an administrator to an effective business person, et cetera. In the event that you couldn't accomplish a MBA some time recently, at that point an official MBA will ground you in the essential abilities of business and give you the expected lift to facilitate your vocation statures. Keep in mind and official MBA can make an interpretation of your fantasy into reality by outfitting you with new innovation and thoughts and enable you to comprehend the estimations of the corporate world.

Consequently, in the event that you are anticipating pursuing an official MBA course, here observe the application necessities, program prerequisites and the regular courses associated with it. The program can be finished through end of the week and night courses. The individuals who need to seek after can do work in the day time and go to classes at night.

What are the Application prerequisites?

Before you apply you need a couple of years of working background, no less than 5 years much of the time. In any case, candidates must have a four year certification before applying for the course. Any working individual needing to seek after an official MBA ought to give transcripts, suggestion letter, and furthermore an occupation history explanation. Certain MBA schools may require its understudies to have interviews with staff and affirmation delegates.

What is the coursework?

The courses as offered chiefly center upon the distinctive administrative viewpoints incorporated into the business subjects. Such illustrations incorporate administrative back, administrative financial matters, data innovation administration, and legitimate issues for directors, worldwide capital markets et cetera. The courses empower understudies to how the strategies of applying learning and abilities in the business area. The greater part of the courses are engaged around administration, while some other MBA course is about specialization in administration.

What is the program structure?

An official MBA courses covers a period traverse of 19 to two years. Look at the program design that incorporates broad classroom contemplate, long goes for going to business workshops for the most part round the ends of the week, et cetera.

What are the systems administration scopes?

Experts advantage massively from the course since they take in an extraordinary arrangement about the business world. The program chalks out a domain wherein understudies can find out about others abilities and offer their own.

In this way, toward the end understudies not simply win an official MBA degree, but rather build up new contacts with business work force and expand their system through the program.

Best Business Schools in India

Top ranked Business Schools in India

MBA vs PGDM: Which is better?

Everything has an expiry date, probably true with MBA. In India MBA is an old version for those wanting to pursue management studies and now two-year diploma course PGDM sounds better, as long it is approved by AICTE. Generally, PGDM course is far more industry oriented and practical as far as job market is concerned.

I have been professor at one the of major B-Schools in India. With a bundle of degrees on offer, students are tremendously confused. There is a perception MBA (Master in Business Administration) is degree program whereas the other program is diploma. This is where the confusion starts. Having taught both MBA and the “so called diploma programs, I can assure that as far as legal equivalence is concerned; all two-year programs approved by AICTE or affiliated to a University are the same. There is not at all any difference in the acceptance of these courses. Yes, as far as market acceptance is concerned I have noticed these days’ companies have more faith on PGDM program. The reason could be that autonomous college’s focus remains entirely on one program wherein universities offering 100s of courses may not give that much of care to one.

Why PGDM?

Universities in India are extremely slow in revising their curriculum to the changing industry demand. This is why we don't have an MBA in Financial Markets or in real estate, although these are the fastest growing segments. The PGDM on the other side, is tailor-made and customized by the institute and is far more flexible. This makes it possible for the college to continuously upgrade and improve the curriculum. That is why the PGDM is far more industry oriented than MBA. The Question of Perusing Higher Education Is PGDM valid for higher education? In India, all the awards of PGDM from AICTE recognized institutes are equivalent to a master’s degree. A student can pursue her/his higher education like M Phil, PhD, or any other course with the PGDM conferred by an AICTE approved institution.


PGDM vis a vis MBA course:

Generally, University based curriculums for MBA are out of fashion and not updated very frequently. While PGDM courses keep updating almost every six months. I appreciate few colleges like SPJain, Taxila Business School and few more for changing in curriculum almost every term to cater to the futuristic requirements.

One important decision:

Normally we spend more time researching on the features of the laptop or a smartphone we buy than on the college we wish to make career with. Selecting an Business School may be the most important decision in the life of an management aspirant. You must not be swayed by the opinions and myths. A couple of hours spent researching the school is a good investment. If possible, visit the school and have a discussion with the faculty members and students. And keep in mind, Finally PGDM programs from AICTE recognised institutes are better than MBA.


Affect evaluation of demonetization in India.

Affect evaluation of demonetization in India.

The time period demonetization shouldn't be new to the Indian financial system. The absolute best denomination be aware ever printed with the aid of the Reserve bank of India used to be the Rs 10,000 note in 1938 and once more in 1954. However these notes have been demonetized in January 1946 and again in January 1978, in step with RBI information.

Final week on November 8, when the whole world was once ready for the effect of US presidential elections, Prime Minister Narendra Modi came out with his grasp stroke on corruption, counterfeit foreign money, terrorism and black cash by way of announcing demonetisation and ceasing Rs 500 and Rs. 1000 thousand notes as a part of legal tender in India. The Reserve Bank of India manages currency in India and derives its position in foreign money management on the groundwork of the Reserve Bank of India Act, 1934 and a new redesigned series of Rs 500 banknote, moreover to a brand new denomination of Rs 2000 banknote is in circulation for the reason that November 10, 2016.The new redesigned sequence can be expected to be introduced to the banknote denominations of Rs 1000, Rs 100 and Rs 50 in the coming months.
The term demonetisation is not new to the Indian economy. The easiest denomination be aware ever printed by means of the Reserve financial institution of India was once the Rs 10,000 observe in 1938 and again in 1954. However these notes have been demonetised in January 1946 and again in January 1978, in line with RBI information. Considering that lower than 5 percentage of population in India had access to such notes and most banks not ever had such currency notes, demonetisation did not have a gigantic affect on the country. The decision was taken to curb the unlawful use of high denomination forex which was once used for corrupt deals in the nation. Nevertheless, with the latest circular of demonetisation, the original public and bankers are certainly going through difficulty due to the fact that more than eighty five percent of currency in circulation has been rendered illegal in a single single stroke.
Demonetisation is obviously hampering the present financial system and can continue to take action in the near time period and also will influence India’s development for the approaching two quarters however can have confident long lasting results. The question that arises is why demonetisation used to be required at this factor of time. There are unique pros and cons of demonetisation. Pros one of the vital largest advantages of this move is that it'll greatly impact the corrupt practices. Folks who're keeping black money in money might not be in a position to alternate much as they would be in a worry of getting penalised and prosecuted by way of the authorities. Enemies of the nation that are concerned in counterfeit foreign money and terrorism will not be able to proceed it extra for relatively some time as a minimum. The smuggling of hands and coping with the terrorist won't preserve additional as all of the cash shall be on report now.
Secondly, the banking process will improve as it is going to slowly head toward a cashless society. Cashless society will expand credit score entry and fiscal inclusion. The present white money of people might be recognized to the government and it'll remain with banks so that it can be put on loan, and curiosity may also be generated from it (though interest premiums would fall) with a corresponding fall in Inflation. Additional Banking system will get a boost, as greater than Rs 7-eight lakh crore base cash (new legal money) will enter the approach.
Nevertheless, it wishes to be seen what quantity of money actually remains in the process, as soon as the money withdrawal limits are eased. Thirdly, it's going to lower the chance and price of money dealing with as smooth money is safer than difficult cash. It's going to additionally curb executive legal responsibility. In view that every observe is a liability for the government, the old currency will come to be nugatory for those men and women, who prefer no longer to disclose their income. For this reason, this may increasingly extinguish government's liability to that extent.
It's expected roughly Rs 5 lakh crore may just come to the federal government within the form of extinguished RBI liability, taxes and penalties. This quantity is sufficient to maintain India's complete fiscal deficit for one 12 months or extra. It'll additionally reduce tax avoidance. Anything money can be deposited or exchanged, authorities will hold a track of it and they're going to be additional cautious in this interval. Dealing on this interval in sectors like jewellery and real estate will likely be on radar and people entering into loan transactions may also undergo tax scrutiny. Search and Seizure hobbies of the IT division will even upward push to curb such malpractices. Limits have already been prescribed for reporting to the IT division those bank bills where extra cash deposits are being made on this 50-day window (Rs 2.5 lakh in case of contributors and Rs 12.5 lakh in case of companies). Importantly, within the longer run, tax and interest premiums on loans are expected to return down as higher earnings tax collections bobbing up from better compliance would offer scope to minimize charges over the long term. This, in flip, will drive up disposable sales. This may give a constructive have an effect on on consumption demand in long term. Cons The liquidity squeeze precipitated via demonetisation might be bad throughout sectors with high stage of cash transactions. www.taxila.in
Real property, jewellery, retailing, eating places, logistics, customer durables and luxurious manufacturers, cement and a few segments in retail/SME lending space will likely be going through brief term instability. Those corporations with high stage of debt will face extra stress and may face loan defaults. Secondly, there shall be an delivered replacement charges of currency. We can't ignore the increased fee of running ATMs must be refilled extra generally and in addition it's going to be a huge burden on banks. Firstly, it is extremely tricky to create a cashless society as more than 50 percent of Indian populace is not good versed with card transactions. Additionally for these preliminary months,
it'll be very tricky to make money transactions of a larger amount. However the govt is taking steps to beef up liquidity into the procedure and cut down inconvenience as much as possible. India is absolutely going to expertise "Acche Din" in Modi's regime. The selection of this surgical strike on black cash was once not taken in a day or two. Rome was once now not developed in a day and in a similar fashion, this plan is the outcome of high Minister's meticulous planning and under no circumstances ending fight towards corruption. Hence, he has efficaciously made the right stroke on the correct time.
Additional, the penal provisions are hefty sufficient to ensure that corrupt practices will find it difficult to take roots once more. Regardless of distinctive short time period troubles, demonetization is definitely going to reinforce the Indian financial system ultimately. As of now, everyone should stand and help this daring transfer of our prime Minister and support these needy, around us.

www.taxila.in
Taxila Business School

Affect evaluation of demonetization in India.

Affect evaluation of demonetization in India.

The time period demonetization shouldn't be new to the Indian financial system. The absolute best denomination be aware ever printed with the aid of the Reserve bank of India used to be the Rs 10,000 note in 1938 and once more in 1954. However these notes have been demonetized in January 1946 and again in January 1978, in step with RBI information.

Final week on November 8, when the whole world was once ready for the effect of US presidential elections, Prime Minister Narendra Modi came out with his grasp stroke on corruption, counterfeit foreign money, terrorism and black cash by way of announcing demonetisation and ceasing Rs 500 and Rs. 1000 thousand notes as a part of legal tender in India. The Reserve Bank of India manages currency in India and derives its position in foreign money management on the groundwork of the Reserve Bank of India Act, 1934 and a new redesigned series of Rs 500 banknote, moreover to a brand new denomination of Rs 2000 banknote is in circulation for the reason that November 10, 2016.The new redesigned sequence can be expected to be introduced to the banknote denominations of Rs 1000, Rs 100 and Rs 50 in the coming months.
The term demonetisation is not new to the Indian economy. The easiest denomination be aware ever printed by means of the Reserve financial institution of India was once the Rs 10,000 observe in 1938 and again in 1954. However these notes have been demonetised in January 1946 and again in January 1978, in line with RBI information. Considering that lower than 5 percentage of population in India had access to such notes and most banks not ever had such currency notes, demonetisation did not have a gigantic affect on the country. The decision was taken to curb the unlawful use of high denomination forex which was once used for corrupt deals in the nation. Nevertheless, with the latest circular of demonetisation, the original public and bankers are certainly going through difficulty due to the fact that more than eighty five percent of currency in circulation has been rendered illegal in a single single stroke.
Demonetisation is obviously hampering the present financial system and can continue to take action in the near time period and also will influence India’s development for the approaching two quarters however can have confident long lasting results. The question that arises is why demonetisation used to be required at this factor of time. There are unique pros and cons of demonetisation. Pros one of the vital largest advantages of this move is that it'll greatly impact the corrupt practices. Folks who're keeping black money in money might not be in a position to alternate much as they would be in a worry of getting penalised and prosecuted by way of the authorities. Enemies of the nation that are concerned in counterfeit foreign money and terrorism will not be able to proceed it extra for relatively some time as a minimum. The smuggling of hands and coping with the terrorist won't preserve additional as all of the cash shall be on report now.
Secondly, the banking process will improve as it is going to slowly head toward a cashless society. Cashless society will expand credit score entry and fiscal inclusion. The present white money of people might be recognized to the government and it'll remain with banks so that it can be put on loan, and curiosity may also be generated from it (though interest premiums would fall) with a corresponding fall in Inflation. Additional Banking system will get a boost, as greater than Rs 7-eight lakh crore base cash (new legal money) will enter the approach.
Nevertheless, it wishes to be seen what quantity of money actually remains in the process, as soon as the money withdrawal limits are eased. Thirdly, it's going to lower the chance and price of money dealing with as smooth money is safer than difficult cash. It's going to additionally curb executive legal responsibility. In view that every observe is a liability for the government, the old currency will come to be nugatory for those men and women, who prefer no longer to disclose their income. For this reason, this may increasingly extinguish government's liability to that extent.
It's expected roughly Rs 5 lakh crore may just come to the federal government within the form of extinguished RBI liability, taxes and penalties. This quantity is sufficient to maintain India's complete fiscal deficit for one 12 months or extra. It'll additionally reduce tax avoidance. Anything money can be deposited or exchanged, authorities will hold a track of it and they're going to be additional cautious in this interval. Dealing on this interval in sectors like jewellery and real estate will likely be on radar and people entering into loan transactions may also undergo tax scrutiny. Search and Seizure hobbies of the IT division will even upward push to curb such malpractices. Limits have already been prescribed for reporting to the IT division those bank bills where extra cash deposits are being made on this 50-day window (Rs 2.5 lakh in case of contributors and Rs 12.5 lakh in case of companies). Importantly, within the longer run, tax and interest premiums on loans are expected to return down as higher earnings tax collections bobbing up from better compliance would offer scope to minimize charges over the long term. This, in flip, will drive up disposable sales. This may give a constructive have an effect on on consumption demand in long term. Cons The liquidity squeeze precipitated via demonetisation might be bad throughout sectors with high stage of cash transactions. www.taxila.in
Real property, jewellery, retailing, eating places, logistics, customer durables and luxurious manufacturers, cement and a few segments in retail/SME lending space will likely be going through brief term instability. Those corporations with high stage of debt will face extra stress and may face loan defaults. Secondly, there shall be an delivered replacement charges of currency. We can't ignore the increased fee of running ATMs must be refilled extra generally and in addition it's going to be a huge burden on banks. Firstly, it is extremely tricky to create a cashless society as more than 50 percent of Indian populace is not good versed with card transactions. Additionally for these preliminary months,
it'll be very tricky to make money transactions of a larger amount. However the govt is taking steps to beef up liquidity into the procedure and cut down inconvenience as much as possible. India is absolutely going to expertise "Acche Din" in Modi's regime. The selection of this surgical strike on black cash was once not taken in a day or two. Rome was once now not developed in a day and in a similar fashion, this plan is the outcome of high Minister's meticulous planning and under no circumstances ending fight towards corruption. Hence, he has efficaciously made the right stroke on the correct time.
Additional, the penal provisions are hefty sufficient to ensure that corrupt practices will find it difficult to take roots once more. Regardless of distinctive short time period troubles, demonetization is definitely going to reinforce the Indian financial system ultimately. As of now, everyone should stand and help this daring transfer of our prime Minister and support these needy, around us.

www.taxila.in
Taxila Business School

Impacts of Demonetisation on Indian economic climate?

Impacts of Demonetisation on Indian economic climate?

Demonetization is a generations’ memorable expertise and is going to be one of the vital financial routine of our time. Its have an effect on is felt by way of every Indian citizen. Demonetization affects the economy by means of the liquidity part. Its influence shall be a telling one due to the fact almost 86% of foreign money worth in circulation was once withdrawn with out changing bulk of it. Consequently of the withdrawal of Rs 500 and Rs one thousand notes, there took place massive gap within the foreign money composition as after Rs one hundred; Rs 2000 is the one denomination.

Absence of intermediate denominations like Rs 500 and Rs a thousand will cut down the utility of Rs 2000. Easily, this may occasionally make Rs 2000 less useful as a transaction foreign money although it may be a retailer price denomination.
Demonetization technically is a liquidity shock; a surprising discontinue in terms of currency availability. It creates a main issue the place lack of currencies jams consumption, funding, construction, employment and so on. In this context, the endeavor may produce following brief time period/long run/, consumption/investment, welfare/growth affects on Indian economic system. The intensity of demonetization effects evidently is dependent upon the duration of the liquidity shocks
.Following are the main influences.
1. Demonetization just isn't a tremendous catastrophe like global banking sector concern of 2007; but even as, it'll act as a liquidity shock that disturbs economic events.
2. Liquidity crunch (brief term influence): liquidity shock approach people aren't capable to get adequate quantity of popular denomination notably Rs 500. This currency unit is the favourable denomination in everyday life. It constituted to practically forty nine% of the earlier foreign money give in terms of price. Bigger the time required to resupply Rs 500 notes, better will be the duration of the liquidity crunch. Current experiences indicate that each one security printing press can print handiest 2000 million units of RS 500 notes by using the end of this year. Nearly 16000 mn Rs 500 notes have been in circulation as on finish March 2016. Some part of this have been crammed via the brand new Rs 2000 notes. Closer to finish of March roughly 10000 mn units might be printed and replaced. All these point out that currency crunch can be in our economic system for the subsequent 4 months.
3 Welfare loss for the currency utilising populace: Most lively segments of the population who represent the ‘base of the pyramid’ makes use of foreign money to fulfill their transactions. The day-to-day wage earners, other labourers, small merchants and so forth. Who stay out of the formal economy makes use of cash on the whole. These sections will lose sales within the absence of liquid money. Money stringency will compel firms to reduce labour cost and hence reduces earnings to the terrible working classification.
There can be a trickle up outcome of the liquidity chaos to the greater sales folks with time.
4. Consumption will be hit: When liquidity shortage strikes, it is consumption that's going to be adversely affected first.

Consumption ↓→ production ↓→ Employment ↓→ development ↓→ Tax sales ↓
5. Lack of progress momentum- India risks its function of being the quickest growing largest economy: reduced consumption, sales, funding and so on. Could cut down India’s GDP growth as the liquidity affect itself could last three -4 months.
6. Affect on financial institution deposits and interest fee: Deposit within the short term may upward push, but in the long term, its effect will come down. The financial savings with the banks are surely liquid money individuals saved. It's difficult to count on that such able cash once saved of their palms shall be put into financial savings for a long term. They saved this money into banks just to convert the ancient notes into new notes. These usually are not voluntary savings aimed to get curiosity. It's going to be transformed into lively liquidity by using the savers when full-fledged new foreign money give take location. This means that new savings with banks is simplest transitory or short-term deposit. It may be encashed by the savers on the suitable time. It's not crucial that demonetization will produce huge financial savings within the banking system in the medium time period. Lots of the savings are received by using biggie public sector banks just like the SBI. They'll curb curiosity rate within the brief/medium term. However they can't follow it in the long term.
7. Affect on black cash: best a small component to black money is actually saved in the form of cash. Traditionally, black earnings is saved within the type of bodily assets like gold, land, structures and so forth. Consequently the quantity of black money countered by demonetization depend on the amount of black money held within the type of cash and it'll be smaller than anticipated. However more than some thing else, demonetization has a big propaganda influence. People are now a lot convinced about the have to battle black revenue. This sort of nationwide attention and urge will encourage government to return out with even strong measures.
Eight. Affect on counterfeit foreign money: the actual influence will probably be on counterfeit/false currency as its circulation shall be checked after this activity.

Demonetization as a cleaning undertaking could produce several excellent matters in the economic climate. Even as, it creates unavoidable earnings and welfare losses to the bad sections of the society who gets income founded on their everyday work and people who doesn’t have the digital transaction tradition. Total financial activies might be dampened within the short time period. But the unmeasurable benefits of having extra transparency and lowered volume of black money routine may also be pointed as long run advantages

Six Real-time Marketing Ideas from #Demonetization of Rs 500 and 1000 . Notes

Six Real-time Marketing Ideas from #Demonetization of 500 and 1000 Notes



























We were expecting breaking news on the American Elections. We sure as hell did not expect this – Our beloved PM Narendra Modiji announcing the demonetization of the 500 and 1000 Rupee notes

The impact it had was definitely BIG. It set the Twitteratis in a frenzy, with constant tweets, hilarious memes and endless opinions. The media house talked of it non-stop and everyone tried to understand the move – and how it affected them.











































Thank you @Allindiabakchod – we definitely needed this meme.

What also happened is that a lot of brands capitalized on it! Big news – means Big Impact. And if you can use it to convert the audience to customers, well that is called successful real-time marketing! (News-jacking is similar and you can use news-jacking for successful content creation).
What made them successful though? Will it work for you as well? Well, that is what we are going to discuss here -so that next time such big news hits, you can be ready!

Real-time marketing hack #1 Be quick to respond
Big news also becomes old news quite fast. Though your audience may never stop talking about it, you get a very small window of opportunity, after which, your audience’s enthusiasm on that topic flags.
It is no longer interesting, and they in turn are no longer interested.
When the demonetization exercise was announced around 9:00 PM on the 8th Nov, the first response I noticed was by Paytm






























Check out the time stamp on the post. It was a mere 3 minutes from when the news became public. It was quick, it was witty and it was loved by the Twitteratis.
They did not wait to come up with an offer. They did not wait to publish an indepth analysis. They got the news and they reacted – adding their two cents to the topic that had the attention of their audience. We have to give it to them folks – @Paytm totally nailed that one!
And let us not forget the brands that immediately followed. Box8 came up with a great offer that was started within the hour:













































Cool right?
Oh, don’t get me wrong, a lot of other brands came up with offers as well – but by the time they rolled in, the public had serious offer ennui. For eg, consider this offer message I received:

It is still a nice offer, but the chances of me converting for that offer is pretty low. By then, I had already been inundated by a LOT of such messages and frankly, this one did not excite me in the slightest.
Better late than never is good. But with news-jacking, the later you deliver, the lesser your chances of converting.

Real-time marketing hack #2 Be prepared
Where real-time marketing is concerned, the unexpected always happens. You can expect one of three scenarios.
Scenario 1
Big news happens; You use it to market your brand and then you expect to have happy customers and great engagement. And you get it! Your name is on Twitter for all the right reasons.




















Scenario 2
But hey, it can backfire as well. Consider what this brand went through – they had set up a nice offer, tweeted about it and were all set to receive customer praise. Unfortunately, a unhappy customer took them to task for failing to deliver on their offer (literally).

























The saving grace here is that the brand anticipated an emergency and handled the situation. Whoever was monitoring social media then kinda saved the day.
Scenario 3
This is the worst possible case. You have absolutely nothing to do with what is going on, but still get flamed. That is what this tweet is all about:






















Ouch! Unfair isn’t it? Well, it can still affect your brand image and you need to do damage control.
Your audience are witty. They are clever (and sometimes mean). They can easily pull up your past boo-boos to have a good laugh. Remember to watch out for it and defend your brand accordingly.

Real-time marketing hack #3 Nail customer service
Ground breaking news almost always creates confusion. The prospect is left wondering about “Is your brand adopting the change too? How can I proceed then? Why can I not just use the old way? What should I do now?” etc.
In short, they do not know what to expect from you, which means it is upto you to set their expectation straight.





























Short, simple and to the point. Uber announces their stance and gives you a work around as well. That means no unhappy consumer complaints and difficult negotiations. More importantly, the consumer is informed and no longer in a dilemma – a direct win for customer service.
Now could also be the time to win customer loyalty – by going the extra mile to provide great customer service.
For eg. this is the message I got from my bank the very next day:

As a customer, I appreciated their gesture no end. The simple forethought of changing their business operations to accommodate our needs was effective in ensuring brand loyalty. Yes, it costed them man hours and they probably did not get the ‘Best Employer’ award that day. But they sure did win a lot of good will from us customers!

















Real-time marketing hack #4 Include traditional media

Focusing on your brand image and impact in the digital world does not mean that you can forget about the print media. The good old newspaper is still going strong and can reach a far wider audience than what you can imagine.
If the breaking news makes the most sense to you and can hugely impact your brand, then you should definitely make every effort you can to connect with your prospects across every channel.
The demonetization of the 500 and 1000 Rs notes directly impacted online transactions. More people abruptly shifted to digital wallets and depended more on electronic transactions. Players in this field like Paytm and FreeCharge of course took full advantage of the winds blowing their sails!
Less than 48 hrs after the announcement, the front and back page of The Times of India newspaper carried bold ads:






















Notice how Paytm appreciates the PM for such a bold move – and doesn’t focus on self promotion on the first page. Having an image of the man behind such a huge reform immediately attracts attention and instantly set it apart from other ads.
Not to lose out on the mind-share, FreeCharge – another online payment app opted for full size advertisement as well.

In their ad, not only did they target the buyers, they spoke to the vendors as well – businesses that could not accept money and were not online yet. They articulated the problem of ‘needing cash’ for businesses and delivered a powerful message – to use their App! Kudos guys, great move!

Real-time marketing hack #5 Standout from competition
If you think you have noticed an opportunity, then rest assured that your competition has as well and is working as hard as you are to capitalize on it.
In this case, it behooves you to introduce a differentiating factor in your ads so that you get noticed. Like I already mentioned, the demonetization announcement opened up a slew of offers being thrown at the public. However, two copies caught my attention:
The first one was this Ola ad. the first page is the usual life-size offer proclaimed because of the circumstances.








































The second page however educated the audience on how exactly to start using Ola Money. It was actionable, it provided an incentive to join and also highlighted multiple other advantages of moving to Ola Money. In short, it provided a complete conversion package.
Imagine an average citizen who does not have Ola Money yet and is deeply affected by the demonetization recall. This ad directly speaks to him! Since a lot of the audience who subscribe to the print media fit the exact profile of the above mentioned average citizen, they scored a definite win right there!
The age old way to hasten conversion is by making the process as simple as possible. Quick, hassle free and least effort guarantees better conversion rates. Here is an ad that used these aspects to differentiate itself – FreeCharge.
Check out this screenshot I took while clicking a picture of their ad in the newspaper:







































Notice the highlighted URL on top? Well the end of the page has a scanning code that when scanned by your mobile automatically gives you a URL to download the App. That means, no searching on GooglePlay and installing. The minute you read the Ad and you are convinced about it, you can whip out our phone and instantly install. Great way to boost conversions!

Real-time marketing hack #6 Be relevant
Have you noticed a common thread in all the ads above? They addressed a common problem, yes (that arose because of the big, breaking news). But they also framed their headlines and their ad language in such a way that the reader can immediately make the connection as to how the product could solve their problem. “Cash”, “Note”, “Unwanted” etc were a recurring theme that the reader could immediately identify with.
Using such relevant language in regular offers can improve the conversion rates of your ads. So when I got these two emails in my Inbox today, I had no doubt that they were referring to the demonetization issue at hand.
































The highlighted text show you that they have kept their offers very pertinent to the situation at hand – without referring to it directly!
So, I have one more example to talk about when it comes to relevancy and I promise you that it is equally interesting.
While this breaking news was happening in India, across the pond, a monumental election was taking place. Yes, I mean the one in America.
Since we do not make political comments here, I shall reel myself in with a herculean effort and instead talk of this:
























Good move Uber!
And I am sure you realize the obvious – this offer would not have made a lick of sense in India or in any other country for that matter. Remember that the news you want to base your offer on may have global consequences, but it’s immediate effects are still geographically limited. To translate, even if the whole world was talking about the US elections, having an offer anywhere but inside the US would not have been relevant at all.
So, what real-time marketing efforts have you come across? Do you have more to add? Comment and let me know!