Budget Talk was organized at AIM to understand and analyse the intricacies of the Union Budget 2016-17. Dr.Martin Patrick, Chief Economist, Centre for Public Policy Research, Kochi was the Resource Person. Dr.Martin explained the basic concepts of a budget so that the students could understand the meaning of the terms used in a budget. He explained the nine pillars upon which the budget of 2016-17 is built up. In a nutshell he explained the budget and gave an excellent idea on the impact of this budget on the economic situation of this country. He expressed his concern on how the Finance Minister is going to reduce the Fiscal Deficit from 3.9% o to 3.5% of GDP. Given the situation of high expenditure due to Salary to Central Govt. employees and increasing revenue expenditure, the Finance Minister may face tough times, he said. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF because of low inflation, sufficient forex reserves (350 billion US dollars), growth started picking up. He also stressed upon poor performance of capital market, decline of manufacturing sector and distress of agriculture sector. Dr.Martin is of the opinion that Fiscal Consolidation and Global Slowdown is a challenge for the Indian Economy. He expressed his concern over the objective of doubling the income of the farmers in five years, because to achieve this end almost 15% growth in farm sector is essential.
Albertian Institute of Management organized a National Seminar on ‘Startup India Standup India’ on 22nd March 2016. The seminar was organized in association with Kerala State Industrial Development Corporation ( KSIDC ). Inaugurating the seminar, Mr.Jyothikumar, Executive Director, KSIDC, said that an initiative like Startup India has never been seen before in the country and he appreciated the initiative. He was of the view that the seminar of this nature will give value addition to the participants. Commenting on the ‘Start-up India Stand-up India’ programme, he said that this venture has a chance of bringing in a great revolution that would translate into extraordinary growth. Technology has today become a driver in many of the cases and IITs that are centres of excellence in engineering are doing more work in the area of medical sciences. He reminded the students to keep aware of the developments around them. The interfaces that one is able to have with the industry should enable persons to become value added outputs. He wished everyone the very best and advised all present to keep the doors open for being successful managers and entrepreneurs.
At the same time, expressing his apprehensions, Mr.Jyothikumar told that the youth of this country should study, analyse and evaluate their entrepreneurial ventures before they startup. Learn lessons from failures, adopt to changes, be an innovator and be smart, he said. Dr. Rajagopala Nair, Director, AIM, opened the proceedings by welcoming the gathering and giving an overview of the start-up scenario in the country. Commenting on the success and failure factors of the start-ups in the country, he was of the opinion that the start-ups would play a significant role in the overall development of the country. Prof. Harry Cleetus, Principal, St. Albert’s College in his presidential address stated that in an earlier period the concern of the UGC and in turn the colleges was only related to academics, but during the last 20 years all these have changed and a new delivery system has been put in place with the introduction of projects. Entrepreneurship is the new buzz word and all institutions have incorporated EDP programmes as an essential feature of the education process. Dr.M.Raghupathi, Govt. Arts College, Komarapalayam and Col.( Retd. ) Sayed Makkar, Indian Military Service, offered felicitations. Mr.Nidhin Johny, Asst. Professor, AIM, proposed the vote of thanks. Followed by the inauguration, two plenary sessions were organised. Dr.Sebastian Thomas, Asst. Gen. Manager, KSIDC, delivered the key note address in the first plenary session and Mr.Sundaresh Gopala Pai, Founder, Orange-i, in the second session. Mr.Regil Das and Mrs. Nandini Das, Startup Entrepreneurs shared their experiences with the audience. Delegates from other institutions and B-Schools have presented their papers in the technical session. Certificates were distributed by Dr.Jude Martin Mendez, Vice-Principal, St.Albert’s College, who was the Chief Guest for the valedictory session. Dr.Titus Correya, Professor, AIM, proposed the vote of thanks.
An Investor Awareness Talk was arranged on 2nd February 2016. Mr.Venugopal Rayirath from Bombay Stock Exchange, inspired our students on how to invest in shares at a very young age. He illustrated the comparative merits and demerits of various avenues of investment like Fixed Deposits, Mutual Funds, real estate and gold. The history and development of Capital Market in India was explained in detail. He also demonstrated the operational aspects of Demat and Trading accounts. The IT support provided in the smooth functioning of Stock Trading was explained. He dealt upon the ‘Dos’ and Don’ts’ of Share business. He compared the investment in ‘Equity’ and ‘Debt’ instruments. His address created a positive impact on the students to think loudly on the Stock Market and its intricacies. Earlier, Dr.Rajagopala Nair, our Director welcomed the gathering. Ms.Emma Jacob, fourth semester MBA student proposed the vote of thanks.
The Second Semester MBA students of AIM were on an Industrial Tour to Bengaluru from 7th to 10th Jan 2016. They visited Therelek Engineers (P) Ltd., Mr.Sasindran, the production manager explained the workings of the different types of furnaces that are used to make products for the aerospace industry. ISRO is a major customer of this company. They also visited the HR division of the company. Our students visited Kerala Soaps and Detergents Ltd., the manufacturers of Mysore Sandal Soap. Mr.Balakrishnan of the R&D dept. explained the manufacturing process that is followed in the company and told that Mysore Sandal is the only soap in the world made from 100% pure sandalwood oil. On 9th January, our students stepped into St. John’s Medical College, where Rev.Fr. Vimal Francis, the proud alumnus of AIM is the Head of the HR dept. He explained the history of the college revealing the efforts of the visionaries to create an institute that is revered across the world. The students viewed the services rendered by the Medical college to heal the pains of mankind. They came to know how the top institutions can be built by following the path of truth and by contributing to the social cause. Another service sector industry our students visited is The Paul, Bangalore, a Five-Star hotel with 57 luxury suites. Creating new heights of comfort and redefining new meanings to luxury, this hotel dedicates its efforts to maintain world class standards while constantly providing personal service without intruding on privacy. Mr. Akshay, the HR manager explained the history and growth of the hotel and took our students to view the luxury of The Paul, Bangalore. Mr. Sajeev C.S and Ms.Indu George, the faculty who accompanied the tour party, took our students for a Metro ride and for shopping.
In a highly dynamic business environment many companies experience corporate distress which may affect their long term prospects. All is not lost for these firms as turnaround specialists from around the world are trying to make faltering companies profitable again.
Inviting papers on the theme “Turnaround Management “
5 Albertians of 2013 -2015 Batch – Mr. Jaison Sebastian, Mr. Sinto Joy, Mr. Ankit Tolasario, Mr. Amal Sebastian & Mr. Vinu Francis got selected in the Campus Recruitment by ICICI SECURITIES on 5 February 2015. Their emoluments include a fixed pay of Rs.3 Lakh pa along with Reimbursements & Performance Incentives
Following the campus recruitment by Berger Paints Ltd with annual salary package of Rs. 4.5 Lakh, 2013-2015 batch students are looking forward to obtain an array of placement opportunities. ICICI Securities Ltd., South Indian Bank Ltd., Mind Edutainment Pvt. Ltd. and Royal Bank of Scotland have already conveyed their interest in campus drive. On the other hand, 2014 pass-out students continue to receive placement assistance from AIM. Organizations like TVS Sons Ltd., Meta Data, CapitalVia Ltd., Winbless Management Solutions Pvt Ltd., Synergians, BackwaterBreaks.com, etc. with an annual salary ranging from Rs. 1.8 Lakh to Rs. 4.07 Lakh offered various positions to them in January.
The entire Albertian team found some time to refresh themselves on the last day of January when they made a trip to Vazhachal, Athirappaly, and Ezhattumugham.
The 34th annual management convention of KMA was held on 14 – 15 January, 2015 at the International Convention Centre, Le Meridien, Kochi. Dr. Rajagopala Nair, Director, Ms. Shiny C.M., Mr. Sajeev C.S., and Mr. Nidhin Johny, faculty members, AIM were delegates at the convention. The main theme of the conference was ‘India 2.0 Opportunities.’ The three areas of focus were: changing business models, emergence of the global manager and branding ‘New India.’
The chief guest at the event was Mr. T.N. Ninan, Chairman & Editorial Director, Business Standard who said that India needs to have a new thinking and new goals if it has to come to the top and match China that has increased the gap in the last 25 years. The special address at the convention was by Mr. Harish Bijoor, Brand expert & CEO, Harish Bijoor Consultants Inc. who said that it was time to forget ‘Best Practices’ and think of ‘Çlean Practices’ in the new business world. The special theme address at the convention was given by Mr. V.G.Mathew, MD & CEO, South Indian Bank Ltd. Commenting on the changes in the banking sector, he said that banks now recognize the changing needs and aspirations of the banking sector.