INDIA HAS ABUNDANT GROWTH PROSPECTS-Dr. N S Shetty, Former FAO Consultant, UN
“India’s growth potential is enormous. The country needs a suitable model for its growth. Only then we will be able to tackle key challenges that undermine the achievement of the potential growth rate,” said Former FAO consultant Dr. N.S. Shetty.
He was speaking on ‘Indian Economy- Emerging Issues’ , as a part of the Guest Lecture series organised by ‘FINBYTES’, the finance forum of MBA department of Alva’s Institute of Engineering and Technology, at AIET Seminar Hall, Mijar on 17th October 2016.
Speaking on the history of Indian Economy, Dr Shetty elaborated at length on the financial sector which is meant to sub-serve the needs of the real economy and cannot drive growth by itself. He also said that there is a wide difference between mean-based production and need-based production.
Dr Shetty said, “The growth model that we should pursue has also been a subject of great debate amongst the policy makers. Should it be a manufacturing driven, export-led growth, should it be infrastructure led growth or one driven by domestic consumption? The discussion is still going on now.” Lack of investment in infrastructure- both physical and financial and high level of financial exclusion skill gap which has implications for employability are key challenges to growth, said Dr N S Shetty.
Dean of the department, Prof P Ramakrishna Chadaga felicitated the guest on the occasion. Prof Gurudatt Somayaji introduced the guest and Yashaswini compered the programme.
BE A SMART AND WISE INVESTOR-Prof Raghunandan, Associate Trainer, Lotus Knowlwealth
“FIN BYTES”, the finance forum of the Department of Business Administration at Alva’s Institute of Engineering & Technology, Mijar- Moodbodri organized “Capital Market Awareness Programme” by Prof. Raghunandan, an Associate Trainer with Lotus Knowlwealth (LKW), Bangalore on 4th October 2016.
Speaking on the occasion, Prof Raghunandan stated that development of the economy required intelligent investors with the knowledge to operate in sophisticated markets like stock exchange, commodities exchange, mutual funds and derivatives. This was to build the wealth with very high rate of return achieved through least taxability of the income and capital gains. He emphasised that consistency, liquidity and returns are the three pillars of investing.
Dr. Ravi Kulkarni, Programme coordinator, felicitated Prof. Raghunandan.
KNOWLEDGE OF IT SKILLS - KEY TO CORPORATE SUCCESS: Mr. VIVEK ALVA, MANAGING TRUSTEE, ALVA’S EDUCATION FOUNDATION
The opening ceremony of the course for “Computer Development Skills” for the students of MBA Department of Alva’s Institute of Engineering & Technology, Mijar, Moodbidri in association with NIIT Mangalore was held on Thursday, 29.09.2016. The function was graced by the Managing Trustee of Alva’s Education Foundation, Mr Vivek Alva who inaugurated the course. Mrs Pavithra Vikas, Business Partner, NIIT Mangalore and Prof P Ramakrishna Chadaga, Dean of the department were present.
Speaking on the occasion, Mr Vivek Alva stressed that it was vital that computer literacy had become a requirement in universities and colleges today. Our world had become more and more computerized, forcing people to work with the machines every day. It could only benefit them and
the workplace or the people around them. Computer knowledge has increased the functionality of the modern world, said Mr Vivek Alva.
He also emphasised that students should engage themselves and become exponential learners. He appealed the students to make the best use of the opportunity provided by the institute.
Prof P Ramakrishna Chadaga, Dean MBA, advised the students to take the benefits of this course to cope with corporate changes.
MAXIMIZING WEALTH, SECRETS REVEALED -START INVESTING EARLY TO BE FINANCIALLY INDEPENDENT
There is a difference between insurance and investment. Just keeping money in banks won’t make anyone rich. In 2046, nearly 4 lakhs Rs in a month may be needed to lead a decent life. This reality should be understood by everyone. Speculation is for gamblers. Investment is not trading. All should concentrate on wealth – maximization because it is the ultimate goal of investment. Obligations like constructing homes cannot happen overnight. Regular investment is the need of the hour, said Sri Harish, Proprietor, Premier investments, an associate of Motilal Oswal Securities Ltd.
He was speaking on the occasion of a guest lecture organized by FINBYTES, the Finance Forum of the department of Business Administration of Alva's Institute of Engineering and Technology, Mijar on 19-09-2016
Therefore, start early, invest regularly and think long term- are the best strategies to
invest. If anyone understood the power of compounding interests, they will get rich faster than others, said Sri Harish on the occasion.
The Dean of department of Business Administration, Prof P Ramakrishna Chadaga was present on the occasion.
Mrs. Saumya Chandraker, Senior Manager (HR), MRPL, Mangalore – Successful organisational management strategy includes agreement on a common vision.
VIBES- the HR Forum of Department of Business Administration at Alva’s Institute of Engineering and Technology, Mijar had organised a guest lecture on “Use of Technology in HR and Managing Organisational Change” on 15th September 2016.
Speaking on the occasion, the resource person Mrs. Saumya Chandraker mentioned that technology is playing a major role in HR today. Technology is also being used for talent search, master data maintenance, employee life cycle management, real time talent assessment and other related fields.
Technology is a wonderful tool for recruitment, training and development, performance management, virtual man power and data storage.
She emphasized that technology has brought in a paradigm shift in HR by making the system entirely transparent. The main goal of technology is transforming disintegrated departments into Strategic Business Units with embedded HR system.
The Dean of MBA department, Prof. P. Ramakrishna Chadaga also spoke on the occasion. He stressed on the importance of updating oneself in the Dynamic world. Programme co-ordinator Gurudatt Somayaji was present.
On 14th September, Wednesday, the Department of Business Administration at Alva’s Institute of Engineering and Technology, Mijar, organized a guest talk on Entrepreneurship and Innovation by Mr Nivedan Nempe, inventor of areca tea (Proprietor of Mystic Aromatics) www.arecatea.com. He addressed the management graduates of the institute and stressed on the need to become entrepreneurs for the rural development of the country. He gave an insight into how entrepreneur’s skill sets could be inculcated in the young minds.
He emphasized on the fact that failures are part of the entrepreneurial journey. He gave an account of the challenges which he had faced while setting up his business. He told that the real business could be generated in Rural India. Hard work, dedication and lot of common-sense are the prerequisites of a successful entrepreneur, he said.
Managing trustee Mr Vivek Alava, Dean of the Business Administration Prof. P. Ramakrishna Chadaga and the coordinator of the program Prof. Gurudatt Somayaji were present.
As a part of our efforts to educate the students on industry and related avenues, a series of guest lectures and talks were organized by the department this year. The topics ranged from financial matters to etiquettes. Prominent speakers from different sectors visited the campus and gave insightful lectures.
POLITICS OF POVERTY AND THE CORPORATE SECTOR OF INDIA
On September 9, 2015, the Business Administration Department organized a talk on “Politics of Poverty and the Corporate Sector of India” by eminent Professor and renowned economist, Dr. G. V. Joshi.
Speaking on the occasion, Dr. Joshi stressed on the fact that all subsequent governments didn’t put enough efforts to eradicate poverty from the country. He said some governments only mooted slogans and didn’t really take any concrete steps to drive poverty out of country.
Dr. Joshi then explained the inter-linkage between politics of poverty and poverty of politics, both of which had ruined the country and deprived people of happiness. Highlighting the need to create more jobs in the country, the speaker highlighted the need to provide basic needs to the common man and bring a balance between the expectations and reality in terms of economic conditions of people.
Managing Trustee, Sri Vivek Alva and Dean MBA Prof. Alexander Mathews were present during the occasion.The talk was attended by Faculties and MBA students of the institute.
Dr Surekha Prabhu, HOD of the MBA department of KVG College Sullia visited the department on the 3rd of November and presented a talk on ‘Women Entrepreneurship’. She addressed the issues and challenges women face when they decide to branch out on their own.
The Bombay Stock Exchange as part of its initiative to create financial awareness among the public, deputed Dr Raghunandan of Lotus Knowlwealth on the 1st of September 2015 to give a talk to the students on ‘Capital Awareness’
Stock Market Investment for Beginners
Dr Raghunandan formerly of SVS College Bantwal visited the department on 18th February 2016 for motivating and educating the students on considering the investment option in shares. He gave a talk on ‘Stock Market Investment for Beginners’
How to Excel in MBA
On the 5th of November 2015, Captain Radhakrishna gave an encouraging motivational talk to the newly joined MBA students. He expounded on the need for a systematic approach to studies combined with a zeal to achieve
Importance of Etiquette
The 6th of November saw Retd Air Vice Marshal Ramesh Karnik, Retd Prof, JKSHIM-NITTE address the students on the ‘Importance of Etiquette’
How to do presentations and perform well at Group Discussions
Prof Preeti DSouza of the Mangalore University on the advised the students on how to perform well during the company recruitment process thro’ her talk on ‘How to do presentations and perform well at Group Discussions
The Art of Management
On the 2nd of March 2016 the department had Dr Varambally from Manipal Institute of Management to deliver a talk on ‘The Art of Management’.