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TABLE OF CONTENTS
EDITORIAL
FACULTY WRITE UP’S
TRACING THE GENESIS OF THE RUPEE-DOLLAR RELATIONSHIP
ALEXANDER THE GREAT PLANNER
COMMITTEE CONTRIBUTION
MARKET SNAPSHOT
FUND FACTS: UTI MNC FUND
LET JOY BE YOUR LIFE DESIGNER
RISK TO FREE YOURSELF & ABC OF FRIENDSHIP
DEMONSTRATION LECTURE AND CONCERT
DANDIYA RAAS-2K14
“OPERACY”
INTRAPINNACLE
BIRTHDAY CELEBRATIONS
AWARDS
INSTITUTE INDUSTRY INTERFACE WITH DR M S CHANDRAPPA
INSTITUTE INDUSTRY INTERFACE WITH MR. MAHESH REVANKAR
STUDENT DEVELOPMENT PROGRAM ON ADVANCE EXCEL
QUIZOMANIA
QUIZOMANIA ANSWERS
BOOK REVIEWS
GBS IN MEDIA
EVENTS AND HAPPENINGS
ACADEMIC CORNER
STUDENTS WRITE UP
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Mr. Vijay J Deshabag
Librarian
Editor-GBS FOCUS
EDITORIAL
“We delight in the beauty of the butterfly, but rarely admit the changes it has gone through
to achieve that beauty.”
― Maya Angelou
Greetings from GBSFOCUS!
Welcome to yet another issue of GBSFOCUS. Time waits for none so do the events and
happening at GBS. This time we bring to you some exciting events and articles that will
keep you focused on GBS FOCUS.
The issue continues to keep our readers interested with our featured article by our eminent faculties. These time Mr.Nitinchandra takes you through the journey of genesis of the rupee-dollar relationship and Mrs.Tazeentaj Mahat brings out the greatest military genesis of all time Alexandra the Great.
From the student end we have Basil Braganza who will teach you the real essence of life with his article Let joy be your life designer See that your face always wears a “smile” and Bhagya Kulkarni with her some unique and different thoughts. Bundled with quiz and answers of previous issue of QUIZOMANIA along with concluding pages of book reviews we present to you the October issue of GBSFOCUS
You can Mail your comments on the articles and contents and will incorporate any new
suggestion and feedback of our readers. [email protected]
Happy Reading !
BACK TO CONTENTS
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Mr. Nitinchandra S M
Lecturer
TRACING THE GENESIS OF THE RUPEE-DOLLAR RELATIONSHIP
RECENTLY I CAME ACROSS A FACEBOOK POST SAYING THAT IN THE YEAR 1942, ONE US DOLLAR WAS EQUAL
TO ONE RUPEE!!! THIS MADE ME CURIOUS AND I BEGAN TO TRACE THE BIRTH OF THE RUPEE VS THE USD. AS I
READ I FOUND THAT IT WAS THE BRITISH INDIAN RUPEE THAT HAD SUCH A HIGH VALUE BECAUSE OF THE
PROSPERITY OF THE BRITISH ECONOMY AND NOT THE INDIAN RUPEE. THE INDIAN RUPEE GAINED
PROMINENCE ONLY AFTER INDEPENDENCE AND RELECTED THE TRUE NATURE OF THE INDIAN ECONOMY. The year 2012 turned out to be a roller-coaster ride for the Indian Rupee. A high-point in the Rupee’s journey (or low point if you are an importer!) came on June 25, 2012, when it touched a one year high of Rs. 57.88 to the USD prompting the RBI governor to make media appearances! In this article, I trace the genesis of the Rupee-Dollar relationship and the many geopolitical and economic developments that have shaped this relationship since the country’s independence. I have also attempted to use the Real Effective Exchange Rate (REER) Index to explain the variation in the Rupee over the recent years. The Rupee-Dollar parity of 1947 When India achieved independence in 1947, there were no external borrowings on India’s balance sheet! The exchange rate as on 15 August 1947 was 1 US$ = 1 INR. With the introduction of five year plans, Indian government needed foreign borrowing and this required the devaluation of the Rupee. The trend was exacerbated by the Indo-China war of 1962 and the Indo-Pakistan war of 1965 which forced the government to further devalue the Rupee as the country was in dire need of USD for importing weapons. Devaluation during the high inflation period of 1970s In the year 1966, under the prime minister-ship of Mrs. Indira Gandhi, inflation was increasing at an unprecedented rate. This was also a time when India was under immense pressure from the US to devalue the Rupee to safe-guard the aid received by India from the US. This led to the Rupee being devalued to 1 USD=7 INR. The then members of parliament, Mr. Krishnamachari & Mr.Kamraj opposed the weak Rupee policy but Mrs. Gandhi did not relent, being mindful of the country’s dependence on aid from the US. The strong dollar period of 1980s After 1970, USD grew stronger against the Rupee under the incompetence of Indian politics coupled with robust economic growth in the US. The exchange rate in 1970 was 1 USD= 7.47 INR, which rose to 1 USD=8.4 INR in 1975, after the political uncertainty following the assassination of Mrs. Gandhi in 1984. The next round of weakness in the Rupee came in the wake of the Bofors scam which toppled Rajiv Gandhi’s government plunging the Rupee to new lows of 1 USD= 12.36 INR in the year 1985. In the year 1990 this rose to 1 USD =17.5 INR.
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Devaluation after the economic liberalization of 1991 The economic liberalization in 1991 under the prime minister-ship of Narsimha Rao brought with it a sharp devaluation of the Rupee. At that time the Indian Forex reserve dropped to multi-year lows and a point came when India had only enough forex to be able to pay for 3 months of Import bills! To fill in this gap India borrowed large amounts from the International Monetary Fund’s (IMF) with an obligation to devalue the Rupee. The Rupee hit new lows with 1 US$ = 24.58 INR by the early-nineties from Rs.16.31/1 USD towards the end of the previous decade. The low Rupee policy came as a boom for exporters including the Information Technology industry, which was in its infancy at the time. What would be the fair value of the US$? Today the Rupee trades at low levels to the USD when compared to the historic trends. The exchange rate today is far more market determined than ever before. But comparison with a single currency fails to account for the very real possibility that the USD itself could be trading outside its fair value! But one can in simple terms determine the real value of any currency by looking at its Purchasing Power called as Purchasing Power Parity (PPP). The Real Effective Exchange Rate index provides an excellent alternative for estimating the fair levels of a currency relative to a basket of major currencies in the world. What Real Effective Exchange Rate (REER) index? REER index measures a domestic currency’s competitiveness against other major currencies and is an indicator of currencies relative value versus foreign currencies. REER index is the 6 currency basket which uses 3 year moving averages for calculating weights of the index taking 2004 -05 as base year. The 6 currency REER index in India is calculated using Euro, US Dollar, Yen, Pound Sterling, Hong Kong Dollar & Renminbi. REER relates to purchasing power parity hypothesis. It’s the invoicing currency that has more weight age and since 80 % of our trade is done in USD it is assigned more weight age in REER index.
It is believed that RBI intervenes in the currency market to suppress the rupee if REER index approaches 105 and props Rupee up if REER gets close to 95. REER above 100 indicates relative strength of the currency. REER levels as on 25 Aug 2011 was at 117.01 implies that rupee is weaker compared with the base year of 2004-05.
There is also a 36-currency REER index, which is also used to measure competitiveness of currency. However, this index is not used too frequently since CPI data for many nations comes with a 3-month lag. On an average basis, the 6-currency real effective exchange rate (REER) appreciated by 12.7 per cent in 2010-11, the 30-currency REER by 4.5 per cent and the 36-currency REER by 7.7 per cent.
REER Trends: The 6-currency REER index rose to 112.76 in the period leading up to the economic crisis in 2007-08. During the crisis, REER weakened as rupee depreciated due to fall in capital
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flows. In one of the sharpest fall during the period, it fell to 93 levels in March 2008. REER stood near 100 for almost two years in 2008 and 2009. As the economy gathered pace, REER started appreciating and scaled to 116 by April 2010. From April 2010, REER has stayed around 115 for 17 months. REER strength and weakness before and after the crisis have been due to demand and supply factors led by capital flows. However, recent slide in rupee has been triggered by the euro-zone issues as also problems on the domestic front.
BACK TO CONTENTS
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Mrs. Tazeentaj Mahat
Assistant Professor ALEXANDER THE GREAT PLANNER
“A good plan violently executed now is better than a perfect plan executed next week.”
George S. Patton1
Alexander lived thirty-three years, and he reigned for only twelve years and eight months;
but he left a profound and lasting mark on the world. He founded and built dozens of cities,
many of which still exist, and he caused others to disappear forever from the face of the
earth. He founded the capital of ancient Egypt, Alexandria, considered the “New York” of
the ancient world. Alexander produced a cultural exchange between the West and the East
that changed the history of the world. His conquest contributed to shape the culture and
the world, as we know it today. His achievements were so marvelous that, the powerful
Napoleon, Julius Caesar, and other Roman rulers, almost every major general in history
looked up to Alexander.
Alexander possessed a relentless power of endurance and a sharp intellect, which was only
surpassed by his courage. Educated by Aristotle, one of the most influential thinkers in the
world, he became a warrior at the age of fourteen, a general at eighteen, a king at twenty,
and the sovereign of most of mankind at twenty-five. In a fast-changing world, populated
by billions of inhabitants, people often do not remember the leaders of five years ago.
Alexander the Great is considered to be one of the greatest military geniuses of all times.
How was he able to conquer the Persian Empire when his army was typically outnumbered
and he was fighting in unknown lands against people defending their own country? Let's
look at a few facts:
Alexander inherited a very well trained army after the death of his father, Philip II. He
trained them further but, he kept them small in number. His army never went over 40,000
so he kept them lean and flexible. He maximized their flexibility and speed by eliminating
the caravans of servants and wagons which usually went with the army when marching.
The Battle of Gaugamela, is the testimony of his planning abilities.† King Darius III of Persia
had chosen a flat ground for the battle to capitalize as much as possible on his great
superiority in the number of soldiers. His impressive army was estimated as one million
foot soldiers, 40,000 equestrians, 200 scythe-chariots, and some elephants, while
Alexander’s force consisted of only 7,000 cavalry and approximately 40,000 foot soldiers.4
This represented more than twenty Persians per Macedonian, in a time of hand-to-hand
battles.
Following a long journey and after receiving the information of Darius’ position, Alexander
stalled seven miles away from his enemy and remained there for four days to rest his
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soldiers, check horses, polish weapons, and plan for the battle. He left behind pack animals,
baggage, and soldiers unsuited for war. He then resumed the march‡ toward Darius,
halting again about four miles away from the Persians the night of September 30. The
Persians were already prevised and lined up for fight. Alexander then called for a meeting
with his officers to decide on a plan of action. His alternatives were to fight Darius that
same night, as the majority of his officers asked him to do, or to follow General Parmenio’s
advice and wait until the following day.
Alexander, together with his light infantry and the Companions, one of the finest and best-
trained cavalry units in history, performed a careful inspection of the entire battlefield.
Then he called a second meeting with his commanders and examined carefully the pros and
cons of each alternative. Alexander’s rationale for delaying the attack were, First, by
waiting until the following day, he could keep the Persians waiting another day and night
under arms. Meanwhile, his soldiers would lay down their arms and stay rested for the
battle.
This would not only have an impact on the soldiers’ fatigue before the fight but would also
test the nerves and morale of the Persians. Waiting for the night attack that would never
materialize would stress the Persians. Second, waiting until the next day would give
Alexander enough time for a minute inspection of the battlefield and the enemy’s
dispositions. Third, a night attack would be a risk. Even if Alexander won, the darkness
would give Darius an excuse for his defeat. Finally, while the majority of his commanders
wanted to advance at once and attack under cover of the darkness—because it would cause
confusion—Alexander did not like the idea of “stealing victories like a thief.”
From the top of a hill, he saw the overwhelming number of soldiers whom Darius had put
into the field, already under arms and standing in battle order. He decided to halt and keep
the gigantic Persian army waiting under arms for another day and night.
During said night, the Persians indeed kept ready for battle, fearing a nighttime attack.
Hour after hour, they waited in arms, alert, with their lives at stake. The attack, however,
did not materialize during the endless night of September 30 because Alexander had
ordered his army to halt, lay down their weapons, refresh themselves, and rest. The last
order he gave was probably the most difficult one, as his soldiers had already seen the
approximately 100,000 campfires of their enemies, and such a large number of soldiers
naturally disturbed them.
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The following morning, his troops were understandably more invigorated than their
counterparts, who had kept expecting, and stayed armed, stressed, and awake. He had
minutely planned the disposition of his forces.
Behind the front lines, Alexander located reserve troops to anticipate any attack from the
rear and to protect the entire army. These troops had orders to watch for an encircling
attack—very likely due to the Persians’ heavy numerical superiority. In the case of such an
event, the reserve troops had instructions to meet the endangered attack. In addition,
Alexander reinforced both wings with backup troops, so they were ready for a swift
defense in case of an encircling maneuver. The over-all formation was so adaptable that the
back troops could roll around the entire army and reach the front line in case of necessity.
Such was the level of detail and perfectionism with which Alexander planned his fights. He
forecast his enemies’ chess moves and planned the responses for each alternative as much
as possible. His enemies usually surpassed him in numbers, but he would not allow them to
be better prepared for a battle than he was. Alexander was brilliant at doing his homework
and anticipating dangers.
Apart from military prowess Alexander ensured that his military had enough supply of
food and artilary. Alexander created alliances with those territories which he conquered
and with friendly locals. This enabled his army to be constantly re-supplied along their
marching route. In addition, many cities surrendered prior to any fighting as he was able to
surprise his targets with his swiftness and due to his destruction of Thebes, he was able to
strike fear in the hearts of those he marched on. They subsequently pledged their support
and supplies.
Alexander also used sea transport to replenish supplies. He marched his army along rivers
to provide easy access to those sea transports. He also set up forward bases for shelter and
supplies prior to the arrival of his army. These bases were typically supplied by
surrendered cities, ships or allies.
Now, when we think of great military leaders and their victories, we think of bravery,
better weaponry, or a superior strategy. In reality, these battles and wars were won
through better planning. For an army to realize success on the battlefield, it must be
properly supplied. Simply stated, victory is impossible without an effective planning. An
army cannot win wars without supplies and a business cannot win customers without
delivering product on time. In business just as in war, superior planning and
implementation makes all the difference between a world class company and their
competitors.
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Mr. Prasad Kulkarni Faculty (Finance)
Market Snapshot
S&P BSE Sensex ended the October month
on a positive note at 27865.83 with a gain
of 4.64% on monthly closing basis.
S&P BSE Mid-Cap and S&P BSE Small-Cap
indices registered a gain of 3.19% and
2.34% respectively for the month.
Ind
ia -
Eq
uit
y
S&P BSE Sensex (27865.83)
BSE Sectoral Indices Performance in the Month
Among BSE Sectoral Indices, S&P BSE Capital Goods Index was the top gainer for the month,
with a gain of 11.61%. Whereas S&P BSE Realty Index (1.76%) was the top loser for the month.
Top Sensex Gainers in the Month
Company % Chg
(M-o-M)
BHEL 27.27 %
GAIL 17.89 %
AXIS Bank 16.13 %
Top Sensex Losers in the Month
Company % Chg
(M-o-M)
SesaGoa (6.16) %
Wipro (5.52) %
TCS (4.88) %
Disclaimer: The information contained here was gathered from sources deemed reliable; however, no claim is made as to
accuracy or content. This is an informatory report and does not contain specific recommendations to buy or sell at particular
prices or times.
Invite your feedback on [email protected]
11
Mr. Prasad Kulkarni Faculty (Finance)
Fund Facts: UTI MNC Fund
Ind
ia –
Mu
tua
l
Fu
nd
s
UTI – MNC (G) : Rs. 122.86
UTI – MNC (D) : Rs. 75.56
Rs. 10,000 invested at inception in UTI Mastershare vs. S&P BSE 100
Investment Objective
The Funds collected under the scheme shall be invested predominantly in stocks of Multinational Corporations and other liquid stocks. The funds collected under the scheme shall be invested in equities and equity related instruments. The risk profile of investment could be high.
Sectoral Breakdown (% as compared to Benchmark)
Fund Performance Vs. Benchmark as on
30.09.2014 Growth of Rs.10,000
NAV
%
CNX MNC (%)
CNX Nifty (%)
NAV (Rs)
CNX MNC (Rs)
CNX Nifty (Rs)
01.10.2011 – 30.09.2012 14.44 22.67 15.38 11,444 12,267 11,538
01.12.2012 – 30.09.2013 4.85 0.61 0.56 10,485 10,061 10,056
01.10.2013 – 30.09.2014 62.55 48.15 38.87 16,255 14,815 13,887
Since inception as on 30.06.2014 (CAGR)
18.27 12 13.03 155,435 63,789 74,089
Management Style
L L & M
M & S
Aggressive
Moderate
Conservative
Note: L=Large, M=Medium, S=Small
Risk Measure
Fund Benchmark
Beta 0.65
Standard Deviation (annual)
10.6% 13.1%
Portfolio Turnover
Ratio (annual)
0.15
Fund Information
Fund Manager: Mrs. Swati Kulkarni
Inception Date: May 29, 1998
Fund Size: Rs. 413 Crore
No. of Unit Holders: 59901
Minimum Investment: Rs. 5000
The Fund is suitable for Investors who are seeking*
1. Long – Term Capital Growth
2. Investment predominantly in equity instruments of
multinational companies and other liquid stocks.
3. High Risk
*Investors should consult their financial advisor if in doubt about whether the
product is suitable for them
Disclaimer: The information on this document is collected from the deemed reliable sources and is provided for information purpose only.
Invite your feedback on [email protected]
12
Mr. Basil Braganza
III SEMESTER LET JOY BE YOUR LIFE DESIGNER
SEE THAT YOUR FACE ALWAYS WEARS A “SMILE”
“The Bible says a merry heart does the body good like medicine (Proverbs 17:22) “
Human blood contains receptors that receive signals from the brain. So, in a happy man, the
receptors receive a single of happiness from the brain and pass them. Then the process of
healing is made fast. Hence the more you laugh, the healthier you become.
By smiling, laughing and wearing a cheerful expression, we strengthen the immune system
to prevent and fight diseases. If tensions, stress and anxiety make a man sick, then
happiness, cheerfulness, contentment and joy will help a man cure his diseases.
People today need a sense of humor to laugh often. As Mahatma Gandhi says “You are not
completely dressed until your face wears a smile. You must laugh as often as possible”
Develop a sense of humor, a humor that brings blessings, to oneself and others and not the
kind that will hurt others. Learn to laugh at yourself. It is easy to laugh at others
weaknesses but you must learn to laugh at your own. Always look at the bright side of the
things. Fell joy in everything that the will of god brings to you.
At times, you may face obstacles, pain and setbacks, but you still fight them with your smile,
you’ll find all these negative things much easier to get rid of. There is a common
misconception that those who laugh a lot are those who don’t have any problems. It’s
actually quite the opposite. Research have shown that who have developed a good sense of
humor and laugh often are the one who have faced enough troubles to know the value of a
smiling moment and hence they never want to lose them. They have transcended different
stages of suffering and have learnt the best way to live.
The joy which I mentioned is just not my emotions but also these are practiced in reality.
Such an example is SEVA CAFÉ, Bangalore
Seva means service. When immersed in the heart of Seva, one finds a pathway to the Divine,
and it’s this connectedness to which they ultimately aspire. Volunteering at Seva Cafe is a
conscious exercise in staying tuned to that deep and true space of genuine service.
As more participate, they believe in the joy of giving, the more the experiment thrives. It
begins with a single gift: first given, then received... multiplied, and given again, in a
growing chain of kindness and care. They hope this Circle of Giving leaves you feeling more
nourished, and inspired to carry the experiment forward.
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-SEVA CAFÉ, Bangalore
So, laugh often and spread happiness. The happiness which you give to others will come
back to you one day. Laugh and the world laughs with you…
BEAUTY TIPS FOR INNER YOU!
For attractive lips: Speak words of Kindness.
For beautiful eyes: Seek out the good in other people.
To Lose weight: Let go of stress and the need to control others.
To improve your hands: Touch someone with your love, rather than focus on the thorns of
life, smell the roses and count your blessings.
For Poise: Walk with knowledge and Self- esteem.
To strengthen your heart: Repent and forgive yourself and others. Don’t worry and hurry
so much, rather walk the earth lightly and leave your mark.
“Don’t let the life laugh at you, instead let it to smile at you”
BACK TO CONTENTS
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Ms. Bhagya Kulkarni
III SEMESTER
RISK TO FREE YOURSELF
To laugh is to risk appearing the fool
To weep is to risk appearing sentimental
To reach out for another is to risk involvement
To expose feelings is to risk exposing your true self
To place your ideas, your dream before a crowd is to risk their loss
To live is to risk dying
To hope is to risk despair
To try is to risk failure
But risks must be taken because the greatest hazard in life is to risk nothing
The person who risks nothing does nothing, has nothing, and is nothing
They may avoid suffering and sorrows, but they cannot learn, feel, change,
grow, love and live
Chained by their attitudes they are solves, they have forfeited their freedom.
Only a person who risks is free
-------------------------------
A, B, C OF FRIENDSHIP
Ageless relation that we share
Beautiful time we spend together
Castles of mutual care
Dew drops delight and fun
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Excitement and ecstasy
Faith that to stars our friendship
Glory of grand times
Heart full wishes for each other
Islands of endless joy
Journey through enchanting tracks
Kind and compassion
Lasting pact of our trust
Moments of merriment and peace
Never ending talks
Old special memories
Pearls of pleasure
Quality of loyalty
Rich, exciting adventures
Simple yet unforgettable joys
Trust that keeps us together
Understanding that connects us
Virtues of sacrifices and forgives
Waves of true wishes
Xtra thrill whenever we meet
Youthfulness of our bond
Zenith of true happiness
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Dr. Bhargav K Revankar
Faculty Coordinator DEMONSTRATION LECTURE AND CONCERT
The recital and demonstration lecture of Pt. Dr. MrithyunjayShetterwas arranged perfectly
a baithak style at 04:30 pm in Global Business School.
PT. DR. MRITHYUNJAY GSHETTER: He is Head of Department PPG Music college Gadag,
who is disciple of great stalwarts: Dr. Mallikarjun Mansur, Dr. BasavragRajguru, Pt.
SangameshwarGurav etc. Pundit Ji is Gold medalist in both Bachelors and post graduate
examination in vocal. He is renowned in all parts of India and Half of the globe for his vocal
performance and demonstration lectures.
His concerts and demonstration lectures in vocal are conducted in all metro cities in India,
and internationally in Boston, Dallas, New York, Philadelphia, London, Maryland, Toronto,
Ontario, Washington DC, Doha, Dubai, Baltimore, Rome…. to name the few.Born artist is a
good orator, actor, painter, poet, mimic and director too.
DR.RAMAKANT KULKARNI GREETING PT. DR. MRITHYUNJAY G SHETTER DURING THE CONCERT
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Dr. Shetter’s mission
is to spread the joy of
enjoying Hindustani
Khyal and spread the
message of
VeerashaivVachanas
and Dasa
compositions through
the demonstration
lecture, so in GBS he
started with
KiranaGharaninDhrat Tin taal the Raag - Yaman with the lyrics ||MoheDarushaanbinaa…. ||.
In this he has explored the audience with Music the yoga of Healthcare. The singing
artifices and their uses towards healthcare was very well presented.
Further, he demonstrated Jaipur Gharana the Gharana of melody – a beautiful composition
|| Aayemoreygharaaayemitawa|| is presented with his natural phirat and rhythms. Pundit ji
has demonstrated muband and its
advantages for the health towards
asthmatic patients. Followed by a
tappa || AAba to aayosajana …. ||.
Than he continued with a Bhajan
and psychology relationship
between a couple and beyond.
Pundit ji demonstrated spirituality
and connected with a Vachana.
Finally his favorite and as a
tradition SadasuhaganRaagBhairavi in TaalDadara || tu to gopichandan me
jogansangateri… ||
PT. DR. MRITHYUNJAY G SHETTER IMMERSED IN DIVINE RAGA DURING THE CONCERT
PT. DR. MRITHYUNJAY G SHETTER AND HIS TEAM DURING THE LIVE CONCERT
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The Director has honored all the artists starting with Dr. Arjun Watar, Harmonium, Pt.
AllamprabhuKadkol, Tabala (who own a tabal school in Paris and conducts classes in
Colombia, Brazil etc) and Pt.Dr. Mrithyunjay g Shetter. Sri Giridharjoshiaccomnied on
tanpura.
Master of ceremony with introduction of all the artists was conducted by Dr.
BhargavRevankar while Dean Dr. M N Manik presented the gratitude
Prof. Iranna Desai, Prof.ShredharKulkarni &Sri. ChandrashekharHiremath were graced the
occasion.The teaching staff with all sub and menial staff were delighted and appreciated
the de-stressing lecturer cum concert of the evening.
BACK TO CONTENTS
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Ms. Tejaswini Patil
Faculty Coordinator
DANDIYA RAAS-2K14
Navratri is celebrated in India with great devotion for 10 days. People play
Dandiya and Garba. They ask the help and strength from the Goddess to fight
against the evil. The Dandiya Raas dance is known for setting the festive mood
and is most popular dance for navratri evenings. It is performed in the honor
of goddess Durga.On the eve of Navratri cultural committee of GBS organized
Dandiya Raas on 29-9-2014
For the first time at Global Business School we bought in the tradition of
conducting Dandiya Raas for the students within the college. Another success
to add this year. The Dandiya function was conducted by the cultural
committee of Global Business School on 29th of September at the global
business School Campus.
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Positively most of the cultural committee organizers committed themselves
towards a structured organizing of the event. Competitions were conducted
for Best Male, Best Female and Best couple dancers. For a relevant evaluation
of the competition we bought in a reputed two judges who were from the
Gujarat Garba dance background and who were expert in the field of Dandiya
dance
The event was commenced for all the students at Global Business School
including the juniors and seniors; even we received a sportive and energetic
participation by the faculties as well. It was very well observed that all the
students took it positively and came with the theme of event with attires by
girls as designers chudi, Choli, Gagra and bhandani dupattas, by the boys
kurta, special turbans and kedias.
The flow of the event was first we started with the general round, 2nd with
only the female, 3rd with the females, 4th for the couples and DJ party for all.
Later we concluded the event with a dinner.Here are following students who
bagged the prizes
Best Male
o Winner: Amit Basava
o Runner: Rakesh N
Best Female
o Winner: Kanchan S
o Runner: Megha R C
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Best Couple
o Winner: Rohith S K and Veena J
o Runner: Bhagyashree K and Basil B
From the organizers:
“We would like to first thank the management for helping us with respect to
knowledge and financial support. We would like to thank all the faculties for
their facilitation and support. We thank the support staff and admin staff for
all the arrangements done in case of premises. We thank our cultural
committee members for their cooperation and support. Finally we thank all
the students for an active participation and making the Dandiya function
joyful and complete”
GLIMSPES OF THE EVENT
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Mr. Kiran Ambekar
GMG Coordinator
“OPERACY” MANAGEMENT FEST ORGANIZED BY KIAMS-HARIHAR
Global Business School participates in the fest “OPERACY”“organized by KIAMS College
HARIHAR 9th to 11th of October 2014. Across different states around 12 teams have
participated in this fest, GBS being one among them, deputed team of 4 students for the
event.
GBS
acknowledges the efforts of the team, also conveys best wishes to them in forth coming
events
Students feed back of the event
The best ever “business plan” set-up done by KIAMS… though we have attained enough of
feats in 22years of OUR life but this B-plan stood as an EMINANT” which mean above all”.
Various colleges were invited to the fest. They gave lots of inputs about the core concept ie:
SOLAR ENERGY here we learnt many hidden things about this concept and it’s utmost
usage in better way’s, The creative part was…they had taken us to a village gave us a task &
at the end of the day we have collected A data achieved as said by our observer’s…later we
were informed to create a B-plan over night, with-out a single “NAP” we 4 struggled a
lot..[”Horrible”] but a great experience..but on whole we have learnt a lot many things
(hand’s on experience). The rounds were very knowledgeable and informative about
SOLAR ENERGY. We learnt a lots of things with fun. And the awesome thing was the
“HOSPITALITY” it was just class-A treatment… Totally it was a good experience & a
memorable one, than-q KIAMS..
STUDENTS NAME EVENTS
1. Vishwanath j s
A
BUSINESS
PLAN
2. Mrudula
3. Sana
4. Manjunath
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GLIMPSE OF THE EVENT
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26
Mr. Nitinchandra S M
Faculty Coordinator
INTRAPINNACLE 2014
Hustle,hit and never quit
Thank Heavens!!! These were first the words that lingered in my mind as I thank the
weather Gods for giving us the perfect weather for conducting sports activities at GBS. The
students were eager and excited to be a part of the event and it was truly an event
comprising of hard fought battles, tense finishes and showcased the triumph of the human
spirit.
The sporting spirit is an integral part of GBS culture. The attitude to win, the fighting spirit and determination to give it your all on the field are the values that a sportsman lives by. GBS encourages such sporting values in its budding leaders of tomorrow. In line with this spirit, the GBS sports committee
conducted INTRAPINNACLE
2014, the annual intra-college sporting event of GBS on 30th and 31st October 2014 at SDM Dental College Ground, Dharwar. The event comprised of the following seven disciplines across all the four divisions of GBS: S.
no
Games Category Winners Runners Up
1 Cricket Boys, Girls Athens,Scholastics Patronas,Sparta
2 Volleyball Boys Sparta Scholastics
3 Basketball Boys Patronas Sparta
A SNAP DURING THE INAUGURAL MATCH OF INTRA PINNACLE
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4 Football Boys Scholastics Patronas
5 Throw ball Girls Scholastics Sparta
6 Badminton Boys, Girls,
Mixed Doubles
Scholastics,Sparta,
Scholastics
Patronas,Athens,
Patronas
7 Sprint 100 Metres Boys,Girls Athens,Athens Scholastics,Sparta
8 Carrom Boys and Girls Patronas Athens
9 Chess Boys and Girls Patronas Athens
There was active participation by the students in all the disciplines and the average attendance was recorded at 180 students for the two days. The games conducted were fair in terms of umpiring and refereeing. Consequently the event was conducted very smoothly. A novel feature of Intra-pinnacle 2014 was the introduction of the PLAYOFF system on the lines of the IPL. The sprint event for the boys and girls was an additional feature. The catering facility was good and on time. In the light of all these wonderful things, I would like to state that the event was indeed a remarkable success and was a great improvement over the last Intra-pinnacle both in terms of number of events held and the attendance clocked…..
Finally, I would like to express my gratitude to the GBS sports committee and all the volunteers who helped me in conducting this event. I profusely thank Dr. Bhargav Revankar for supporting me throughout the event.
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STUDENTS HAVING FUN IN INTRA PINNACLE
28
29
BIRTHDAY CELEBRATIONS
Global Business School Celebrates the Birthdays of the following Members
Mr. Vishwas Shinde
Accountant & Internal Auditor
10th October
Mr. Kalmesh Keremani
Office Boy
30th October
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30
AWARDS AND ACIEVEMENTS
BUSINESS TODAY(Edition October 16,2014 ISSUE 374) IN ITS YEARLY SURVEY OF B-
SCHOOLS IN INDIA WITH THE AGENCY MDRA.HAS RANKED GBS HUBLI AS 190TH
BEST B SCHOOL IN INDIA.
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31
Mr. Uday Lawate
Faculty Coordinator
INSTITUTE INDUSTRY INTERFACE (I.I.I.)
Dr M S Chandrappa Manager (E & P) KSFC, Dharwad – III for Sem I
As part of the III program, we had invited Dr. M S Chandrappa Manager Economics and
Planning, KSFC Dharwad to share his experience and speak on the schemes and services of
KSFC. Dr Chandrappa is MA Economics and PhD in Economics and has been with the
organization from 15/1/1997. He joined as a Deputy Manager and was promoted to
Manager on 15/1/2007.
Dr Chandrappa highlighted the following aspects:
Economic Survey of 2013-14 growth rates, GDP and its implications
Aims and objectives of KSFC such as support to MSMEs, support to 1st generation
entrepreneurs, women entrepreneurs, backward areas and entrepreneurs from
weaker economic sections
Org structure of KSFC and the act through which it is institutionalized
Key departments of KSFC such as technical, ecomomics, legal and planning
Categories of loans and amounts for various loans. These range from Rs. Five lacs to
Rs. 800 lacs for proprietory firms and between Rs. Five lacs to 2000 lacs for
corporate
Areas where KSFC extends support such as manufacture, service, traditional or
modern sectors
o An entire list of sectors was discussed which ranged across sectors
Finance is given for fixed assets and capital assets both. However, margin money
and guarantees vary
KSFC has developed a credit risk model which helps them evaluate projects
Interest concessions to various sectors and sections of investors
Mode of repayment, interest rates and concessions
Availability of soft seed money to a max of Rs. 25 lacs at low interest rate of 1%
Loans for purchase of raw material
He also highlighted how KSFC was different from normal banks especially on aspects such
as being a single window or evaluation of projects, legal help and economic viability of
projects. This is because they have a lot of experience in understanding trends of the
market and technology available.
This was followed by a question and answer session.
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Thanks to Dr. Bhargav Revankar, we could arrange for him to come over. Dr. Chandrappa
would be a good help for us to send our students to get knowledge on projects and finance.
I have spoken to him that we might take his help on this and he has kindly consented.
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complied by: Mr. AyushMahajan Mr. NagrajKabadi Mr. Sameer Bagwan MR. RushikeshHuddar
It was really a Good afternoon 17-Oct-2014 for the first year student managers, who were
motivated truly by hearing Mr. Mahesh Revankar’s valuable experience sharing in III
Session.
A seasoned administrator with more than twenty years of experience
in managing educational Institutions, Dynamic, Result oriented person
with strong inter personal skills, Tech savvy, passionate about learning
new trends in technology and bringing it to the academic
administration. Have mastery over majority of the regional languages
and a proven track record of liaison skills. (English, Hindi, Kannada,
Marathi, Konkani and Telugu)
His Educational Qualification details are MBA in E-Business from CSM-Institute of graduate
studies, CANADA.,B.Com, Karnataka University, Dharwad.,Diploma in Computer
Programming, Annamalai University, Tamilnadu.,Pursuing Post Graduation Diploma in
TQM and ISO, All India Institute of Management Studies Chennai.,PurusingM.Sc in TQM
from Sikkim Manipal University.
Mr. Mahesh Revankar took us through his professional journey of two decades was
mesmerizing and motivating. “We were lucky enough to have Mr. Revankar among us for
the III Session”.
The inputs what given by Mr. Revankar are worth a lot and will play a vital role in
betterment of career of any manager as well as wellbeing. The valuable discussions and
inputs received from Mr. Revankar are to WORK SMART rather than to work hard. Sir feels
everyone works hard which is common but working smart is what the need of hour. A
humor full Questions like “Why do you drink water?” and smarter answer “Because we
can’t eat it”. He also describedthe SMARTER you are – you achieve great heights in our
career faster.
Sir also stated that we should be SATISFIED with our work (self-satisfaction), we should be
happy doing it only then we can perform to our best. If not then we won’t be able to achieve
much in our life.
Institute Industry Interaction Mr. Mahesh Revankar, Secretary of KIAMS Society and Head
Administration at Kirloskar Institute of Advanced
Management Studies, Harihar& Pune
Date: 17-OCT-2014
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Sir feels everyone should have their own routes of learning. Sir has gone through many
changes in his career, because he was interested to learn new things. The same way
Mr.Revankar feels everyone should have his own way of learning according to their choice
and one should always take keen interest in whatever he is willing to pursue instead of a
half-hearted effort. Sir feels COMMITMENT plays a vital role in every individuals life. If an
individual is committed towards his work or career he will achieve great success and will
go a long way in his career. He quoted the example of Sachin Tendulkar, and his practice
session even when he was in peak of his career was a motivating one.
Considering the views of Mr.Revankar and his thoughts he shared are waysand means of
everyday life management. Management is all about being smart, satisfied, having our way
of learning and commitment.
A brief work experience of Mr. Mahesh Revankar
Sept 2010 – Till date :Secretary of KIAMS Society and Head Administration at Kirloskar
Institute of Advanced Management Studies, Harihar and pune
The legal matters pertaining to the Society, Complying with the Norms of AICTE Campus management Covering Hostels, Mess and canteens, Clinics Estate maintenance and Monitoring related Civil works
Sept 2009 to August 2010: Registrar in IMBR a B-School at Hubli.
Co-ordinating with 3 campuses of IBMR. Developing and implementing the quality systems in the Office
Administration. Employee satisfaction towards Management policies. In-charge of HR.
May 2004 to August 2009: Senior manager SDM College of Medical Sciences, Sattur,
Dharwad.
College Administration. Planning and executing of process and procedure - Medical Council of
India. Legal Matters of SDME Society. Certified Lead Auditor of Quality Systems.
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1998 to 2004 :Network Support Manager at M/S. Svenpa Systems a franchise of Aptech
Computer Education and Asset International, Hubli
1994 to 1998 :Centre Manager for S.M.Softwares, Dharwad a franchise of APTECH
Computer Education Asset International.
1988 to 1993: Marketing Manager for BITS Computers, Hubli, a dealer for and sales and
services of computers and printers.
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36
Mr. Nitinchandra S M and Dr. Bhargav K Revankar
Faculty Coordinators
STUDENT DEVELOPMENT PROGRAM ON ADVANCE EXCEL
To improve the employable index of student a Student Development Program on Advance
Excel was conducted on 19th and 20th October, 2014.
About Resource Person:Prof. Syed Nazimuddeen has got 12+ years of IT experience at
various levels of software solutions that include analysis, design, delivery, implementation
and integration. He has also got 6+ years of experience as a Visiting Faculty for various
management departments in India teaching systems related management papers.
His competencies are ranging from Advanced Programming Methods, Business Analytics,
Data Mining, Statistical Inference, Simulations, Mathematical Modeling & Statistical
Programming (SAS, SPSS, Mathematica, Maple, et al.,) to Java/C++.
The objectives:
A. Analyzing, organizing data
B. Charting
C. What if analysis
D. Formulae and functions
E. Questionnaire coding and decoding
F. Tips for efficiency and best practices
The schedule was followed and training was imparted with demonstration using Office-13
trial version.
Time
(AM/PM)
Topics
09.00 to
10.00
Quantitative Techniques through Advanced Formulae &
Functions
10.15 to
11.15
Market Research using PowerBI Tools
11.30 to
12.30
Project Data Preparation through Advanced Formatting
Techniques
12.45 to
13.30
A Case with solution
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Students were present with energy to learn the subject.
The BENEFITS earned by students:
- Students were educated how to use Excel to solve Quantitative and Market Research
problem.
- Kind of depth required in research methodology.
- Frequent slip-ups by students in data analysis and how to avoid them.
- Presentation of data using various NEW tools of Excel like power pivot, power BI,
Power map.
Vote of thanks was presented by Mr. Nitinchandra More.
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38
QUIZOMANIA
Quantitative Aptitude:
Study the Following table carefully and answer the questions that below:
Number of Men and Women living in various sectors of a town:
Sector Men Women
A 15,000 12,000
B 12,500 10,600
C 13,200 12,600
D 14,500 13,800
E 11,600 10,900
Percentage of Literates in the given sectors:
Part Male Literacy Female Literacy
A 72% 56%
B 81% 75%
C 65% 61%
D 79% 72%
E 85% 78%
Q1: What is the number of male literates in sectors A,B,and C of the town?
1) 28,125 2) 29,505 3) 30,405
4) 31,646 5) None of These.
Q2: What is the number of Female literates in sectors C, D and E of the town?
1) 22,544 2) 23,284 3) 25,474
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4) 26,124 5) None of These.
Q3. What is the number of Female literates in sectors C, D and E of the town?
1) 6909 2) 7045 3) 7123
4) 7265 5) None of These.
Finance and Accounting Quiz
Q1. Interest Rates in a Savings Account are calculated on a_____________ Basis
1) Weekly 2) monthly 3) Yearly 4) Quarterly 5) Daily.
Q2. The Assets of banks can be:
1) Loans given to MSME Segment 2) Loans and Advances Sanctioned to
Companies.
3) Capital of the banks 4) Deposits attracted from the public 5) 1 and 2
Q3. Which of the following is associated with the Bombay stock exchange (BSE)?
1) Dalal Street 2) Mint Street 3) Wall Street
4) Fleet street 5) none of these.
Coding-Decoding:
Q1. If in a contain language “MYSTIFY” is coded as “NZTUJGZ”, How is “NEMESIS”
coded in that language?
1) MDLHRDR 2) OFNFTJT 3) ODNHTDR 4) PGOKUGU
Q2. IF “TAP” is coded as “SZO”, then how is “FREEZE” coded?
1) EQDFYG 2) ESDFYF 3) GQFDYF 4) EQDDYD
Blood Relations:
Q1. Showing the man receiving the prize, saroj said, “He is the brother of my uncles
daughter.”.
Who is the man to saroj?
1) Son 2) Husband 3) Cousin
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4) Nephew 5) Brothers in Law
Q2. Pointing to a gentleman, Deepak said, “His only brother is the father of my
daughter’s father”. How is the gentleman related to deepak ?
1) Grandfather 2) Father 3) Brother-in-Law
4) Uncle 5) None of these
Q3. Pointing to a photograph, a man said, “I have no brother or sister but that man’s
father is my father’s son. Whose photograph was it?
1) His Own 2) His Sons 3) His father’s
4) His nephew’s 5) none of these
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41
QUIZOMANIA ANSWERS
I-Numeral conundrums:
2-2/2+2/2=2
II-Ziggrat time(puzzle version)
III-Finance and Accounting Quiz
Q1: Choice B
Q2: Choice B-False (A adjustment entries are made before preparation of the financial
statement
IV-Marketing Quiz
1 Bells and Whistles
2 Usage of New and old Brand Names and Logos
V-H R Quiz
1 The Baby Boomers
2 He is called The Gate Keepers
VI-General Awareness quiz
1. Q I: choice-4
2. Q2: choice-3
VII_English Language
1) ‘SMART’ Means intelligent or Quick –witted, hence sagacious, Quick and profound
are apt choice
2) ‘REEK’ means a very unpleasant smell. The words’ festor’, ‘smell’ and stench’ are
synonymous with it. Choice (4).
C A R T
T R A C E
R E A C T S
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BOOK REVIEWS
NOT JUST AN ACCOUNTANT : THE DIARY OF THE NATION'S CONSCIENCE KEEPER
Not just an accountant is an incisive, no-holds-barred account of
Indias eleventh comptroller and auditor general and a symbol of the
anti-corruption movement, Vinod Rai.
Through a narrative, rich in anecdote and inside information, Rai
sheds light on the major scams that shook the country. Among the
case studies-chosen for the diversity of failures they highlight are -
the procedural irregularities in the issuance of licenses for second
generation spectrum allotment, the last minute quick-fixes in the
conduct of the XIX commonwealth games, the loss of national
resources while allocating coal blocks, the flouting of systems and the clear display of crony
capitalism in the exploration of hydrocarbon and the tragic tale of civil aviation in India.
Through these illustrations, Rai wishes to not only expose government malfeasance, but
also probe the mandate of the CAG as a watchdog. Equally, he hopes to push for long-term
solutions to corruption and bring home the urgent need for ethics-for the pursuit of
excellence, accountability, probity and transparency within governments, the bureaucracy,
corporate enterprises and public life.
INTERESTING FACTS
A blow-by-blow, explosive, yet thoughtful account that sheds new light on the scams that
shook India - 2G, coalgate, civil aviation, the conduct of the XIX commonwealth games and
hydrocarbon contracts.
Explodes the myth of accountability in contemporary Indian governance.
Written by the eleventh CAG of India and a symbol of the anti-corruption movement, Vinod
Rai.
Presents long-term solutions for the future, so as to contain procedural irregularities
within the government and corporate enterprises.
Provides a roadmap for good governance, important for the growth of the nation.
Exhorts younger professionals / administrators to strive for excellence.
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HALF GIRLFRIEND
Madhav is a Bihari boy with big dreams who falls in love with the
beautiful Riya, a rich lass from Delhi. There are some
fundamental differences between the two. Madhav’s English isn’t
all that great, but Riya speaks the best English. Madhav wants
Riya to be his girlfriend but Riya disagrees. She wants them to be
just friends but he definitely wants more. Riya finally comes up
with a suggestion, a compromise – she agrees to become his half-
girlfriend! Chetan Bhagat presents a simple and beautiful love
story that will move you with all the nuances of a modern-day
relationship. It also inspires you to realize your individual dreams.
About Chetan Bhagat
Chetan Bhagat is a famous contemporary Indian writer, speaker,
columnist and novelist. He was born in New Delhi in 1974. Considered one of India's most
popular writers of fiction, Chetan Bhagat is an alumnus of the Indian Institute of Technology,
Delhi and the Indian Institute of Management, Ahmedabad. Before becoming a fulltime writer,
Chetan worked as an investment banker for a few years. The New York Times called him ‘the
biggest selling English language novelist in India’s history’. Some of Chetan's other notable
works are Five Point Someone, One Night at the Call Centre, 2 States, The 3 Mistakes of My
Life, and Revolution 2020. Three of his books have been adapted into Bollywood movies, two of
which went on to become massive hit movies: 3 Idiots and Kai Po Che!
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REVOLUTION 2020
Revolution 2020 is an engaging tale of two best friends who fall
in love with the same girl. The novel is set against the backdrop
of rampant corruption, which one friend yields to, but the other
fights.
Summary Of The Book
The novel is set in Varanasi. Chetan Bhagat initiates the story
through the central character Gopal. It is through Gopal’s
narration of his life to the author that we are introduced to
Raghav and Aarti. The story revolves around these three
characters. While Gopal comes from a poor family, Raghav
comes from a well-off family. Both set out to achieve success
and realise their dreams. While Gopal’s main motive is to seek
financial wealth, Raghav has always wanted to bring in a revolutionary change in the
political arena of the country.
As circumstances may have it, both the boys fall in love with the same girl, Aarti. However,
Aarti eventually falls for Raghav. The climax of the story reaches its peak when Aarti
harbors feelings for Gopal too. Who will she finally choose? In the meantime, Gopal,
through unfair means and with the help of a corrupt politician Shukla, starts an engineering
college. Raghav goes on to become a successful journalist and begins to use this power to
expose Shukla’s wrongdoings.
It is indeed an interesting tale that has been realistically depicted against the background of
a real world where corruption looms large. It brings to light the corrupt system of
education in India. Revolution 2020 was published in 2011 and turned out to be a
bestseller.
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45
FORGE YOUR FUTURE
“Despite the fact that I spent my childhood in Rameswaram, an isolated island in the south of India, I could get educated, find a job and overcome many obstacles to become the
President of my country. If I could overcome all the hardships and achieve what I have, so can you or anyone else. It does not matter where you start from or what you have achieved till date, the important thing is that from this point onwards, you decide what you want and work towards creating your own future. This is the message I want to convey through this book and if it can inspire even one young person to achieve his or her dream, I will feel that my effort has been truly worth it.
In the last fifteen years I have interacted with more than 16 million youth, in face-to face meetings, through emails and over Facebook, and wherever I go I am asked questions. Everyday I receive about 300 emails and spend two hours reading and answering them. This book is based on the questions that I have been asked over the years. In their questions, people are mostly seeking solutions to problems that they are facing in their lives. Answering these questions, I realized that what we call
problems may probably be a result of the way we ‘process’ events and situations in our lives and everything that happens in our world. ‘Process’ means the way we perceive and think about them. If we could change the way we ‘process’, then we could possibly change the way we think about our problems and hence also about their solutions. I believe it is possible to do so and that is the underlying theme in my answers.
My answers are based on what I have learnt from my own experiences of life, and from reading books and my interactions with political and spiritual leaders. The replies in my book are presented in a way that they provide a generic message for any one who may be undergoing a similar problem in his or her life.
Your life should be a manifestation of your dreams. That is why I always call upon the youth to dream lofty dreams and invoke in them a vision of their future. And in achieving your dreams, you are bound to face difficulties and obstacles, but with determination and discipline you can always overcome them, just as I have been able to do.” -From the Introduction of the book
It is remarkable that how, APJ Abdul Kalam, the 11th president of India continues to be such a popular public figure even seven years after demitting office. Much sought, much admired, he is an inspiration for the Indian youth and they turn to him for advice, guidance, inspiration, or simply just seeking to be in touch with him. The mentoring, the solutions,
46
the direction, the philosophy he provides are based on the wisdom of his own experiences, as he knows well the trials and tribulations of the hard rocky road of life that he has walked from Rameswaram to the Rashtrapati Bhawan. This book is like a roadmap for life which one can to turn to when needed, and come away reassured that there is always a way out of any situation and that we will be able reach our dream destination. Inspiring and intimate, it provides an insight into the mind and heart of one of the most remarkable leaders of contemporary India. A leader, who at the age of 84 continues to inspire young Indians towards living the life of their dreams.
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GBS IN MEDIA
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