Posts Tagged ‘special seminar’

Special Seminar on “Commodity Awareness Programme” held on September 10, 2019 at IMS Ghaziabad,

September 11, 2019 Leave a comment

Special Seminar on “Commodity Awareness Programme” held on September 10, 2019 at IMS Ghaziabad,

Under the auspices of “Special Seminar Series 2019”, a seminal lecture was organized at IMS Ghaziabad on September 10, 2019 for the benefits of IMSians..Mr. Vinit Singh Kaler, a seasoned trainer with MCX Mumbai was the Guest of Honour. He was welcomed by Prof. Alok Pandey, Director IMS Ghaziabad.

In his inaugural address, Prof. Pandey drew attention on the importance of MCX which has crossed a turnover of INR 65 lakh crore and going high further. In his address to the students he asked “why do we need trading in commodity?”In his opinion everyone should understand asset classes like equity, debt instruments, commodity, currency, real estate etc. Prof. Pandey also emphasized that IMS Ghaziabad has signed MOU with MCX for knowledge sharing and research purpose and the present seminar was the outcome of that initiative.

Mr. Vinit Singh Kaler, who is a seasoned trainer with enriched corporate experience, introduced the audience with the historical development of the MCX in India and drew attention on Derivatives and Commodity Markets. In his view risks are associated with every asset class and it can be minimized in commodity market through commodity derivatives.. There are 20-25 commodities in the MCX ranging from Agri products to bullion, energy, and metals. He also highlighted that MCX has over INR 80,000 crore of turnover per day and also MCX boasts of over 40 lakh user terminals across the country. In the end he also talked about ‘Dos and Don’t for the new entrants in the commodity market. After the lecture , “Question & Answer session” took place followed by “Vote of Thanks” to the distinguished guests.

Special Seminar on “What went wrong with Satyam & Kingfisher”

September 28, 2017 Leave a comment

Special Seminar on “What went wrong with Satyam & Kingfisher”, September 27, 2017

Under the auspices of “Special Seminar Series”, a Special Lecture was delivered by Prof. J.P.Sharma, Director, IMS Ghaziabad, on “What went wrong with Satyam & Kingfisher” on September 27, 2017. Prof. Sharma, with his vast experience and innumerable publications on the related topic of “Corporate Governance”, engaged the PGDM I Year IMSians on an academically pertinent topic today.

Based on his own researches, Prof. Sharma explained, what could be the probable reasons for such collapses?. He deplored how company like Satyam, which received the prestigious “Golden Peacock Award” in 2008 collapsed in 2009?. The acceptance Rs. 7000 crore fraud by Mr. Ramalinga Raju on January 7, 2009 and subsequently takeover by Tech Mahindra in June 2009 infact Satyam now merged with Tech Mahindra. Prof. Sharma termed Satyam as a classic case of “bogus accounting”. In a similar vein, he also highlighted the failure of “Kingfisher Airlines” a classic case of mismanagement and not adhering to the tenets of Corporate Governance (CG) norms. In his view, the owner of Kingfisher -Mr. Vijay Mallya, a well educated man coming from a sound family behaved in an unethical manner. The Kingfisher Airlines was launched by Mallya in 2005, with initially 4 aircrafts, but emerged as second largest market share holder in Indian aviation by 2011, with its fleet reaching to 92. However, the company never declared profit.

Prof. Sharma elucidated several factors responsible to the downfall of “Kingfisher Airlines” including Mallya considered Kingfisher as his fiefdom; he withdrew substantial amount of money and diverted to several shell companies outside india and IPL; the CEO of the Kingfisher was paid exorbitant salary, ie second highest salary; Questionable role of Independent Directors/ Auditors/regulators/bankers; Lack of transparency prevailing at Kingfisher; Lack of professional management; ill timed merger with Air Deccan; Political funding; Lack of delegation of responsibilities; Defaulted on salary payments; pledging of shares by Vijay Mallya for getting loans from other banks. In all, based on facts and figures, the seminal lecture critically analyzed the “Rise & fall of Satyam & Kingfisher Airlines” and put forth a right perspective. Chairperson for “Special Seminar”- Dr. S. K. Dube expressed vote of thanks to the Director, Prof. J.P.Sharma for his ‘insightful lecture’ and keeping the flame of “Knowledge sharing” alive in IMS.

Special Seminar on “De-Monetization and Digitalization” held on January 18, 2017 Guest of Honour- Dr. J.C.Sharma (IES) & Former Economic Advisor to Ministry of New & Renewable Energy

January 21, 2017 Leave a comment

Special Seminar on “De-Monetization and Digitalization” held on January 18, 2017
Guest of Honour- Dr. J.C.Sharma (IES) & Former Economic Advisor to Ministry of New & Renewable Energy
The “Special Seminar Series” is being initiated under the stewardship of Director IMS, Prof. J. P. Sharma, with the sole objective of encouraging “Quality Discourse” in the campus by inviting “Academic Exponents” of our country.

Prof.J.P.Sharma, in his inaugural address, referred to “De-Monetization and Digitalization” as a hot topic in the country. While tracing the history of currency, he told how Han Dynasty in China introduced the currency and first time paper currency was published in the 7th century. He further told that in India credit cards were introduced in 1980s and subsequently debit cards in 1990s. Worldwide the number of internet users has increased from more than 1 billion in numbers in 2004 to more than 2 billion in by 2010. That shows how it is gaining acceptability in the world.

In his “Seminal Lecture”, Dr. J.C.Sharma broached the topic by saying, “Was it really necessary? Has it propelled digital payments?” In his view, it was a difficult decision and it had tremendous implications on our country and society. In general, people had different opinions about de-monetization. On November 8, 2016, Prime Minister Modi announced banning of Rs. 500 & 1000 denomination notes as legal tender. He questioned the move- whether it has disrupted the economy or was it an innovative disruption? He laid bare facts and figure to cogently argue pros and cons of the “Demonetization”. Dr. Sharma illustrated the facts that out of total money circulation of 17 lakh crores in the country, denominations of 500 and 1000 comprised 86 percent of the total. The reasons cited by the GOI for de-monetization were three pronged- unearthing counterfeit currencies and black money besides controlling terrorist financing and drug trafficking. He also highlighted anticipated economic and political gains by the incumbent government. A timeline for initiating such move by the GOI was also highlighted. Professors of Harward- Laurance Summers and Kenneth Rogoff expressed their doubts about the efficacy of such move. Dr. Sharma also discussed the impact of de-monetization on different sectors ie Growth, Real estate, FMCG, Agriculture etc. he also took up the case of Noida and Gujarat for illustration purpose showing how reverse migration has set in there. Finally, he suggested growth of digital economy (cashless needs) which heavily hinges upon ubiquitous internet connectivity countrywide. . The session was followed by ‘Question & Answer Session’, where volley of questions were raised by students and faculty members too.

At last, the Chairperson of “Special Seminar Series”- Dr. S.K. Dube, expressed “Vote of Thanks”, on behalf of IMS Fraternity, to the Director IMS- Prof. J.P.Sharma, ‘Guest of Honour’- Dr.J.C.Sharma, Programme Chairperson-Dr.Tapan Kumar Nayak; HOD-MCA, Dr.Avadhesh Gupta, and to the fellow colleagues from PGDM & MCA. He also thanked the PGDM I Year students for showing keen interest in the seminar.

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