The rising inflation: A cause for concern

Wholesale inflation accelerated at a faster-than-expected pace in July, surging to 23-month high of 3.55 per cent on higher food prices. 

Wholesale food prices last month rose 11.82 per cent year-on-year, compared with a 8.18 per cent gain in June. Among individual food items, potato prices surged 59 per cent, vegetables 28 per cent, pulses 36 per cent and sugar 32 per cent.

In June, wholesale inflation had risen 1.62 per cent.

Madan Sabnavis, chief economist, Care Ratings, said until the new harvest comes in September, the pressure on inflation is unlikely to ease.

The consumer inflation data for July, which was released on Friday, also showed an acceleration, with the reading topping the Reserve Bank of India's (RBI) near-term target.

Consumer prices rose at a faster-than-expected pace to 6.07 per cent last month from a year ago, up from June's 5.77 per cent annual gain. Mr Sabnavis said that the price rise vindicates Reserve Bank's strong stance on inflation. 

Prime Minister Narendra Modi in his Independence Day address to the nation strongly backed the government's fight against inflation.

While PM Modi's government is yet to pick a successor to RBI chief Raghuram Rajan, it has bound the next governor with Dr Rajan's retail inflation target of 4 per cent, with a band of 2 percent on either side, for the next five years. 

Article first published on NDTV and has been borrowed for academic purposes only.

So with this rising inflation and the strange spot our job market is in, as an MBA aspirant let us know how do you think the government can stabilise the situation.

Friends, who can understand kannada must spend 50 min and watch this video



https://www.youtube.com/watch?v=BCyxt6lbp6k

The right supplement!

RR (Raghuram Rajan) is a most admired name in India and outside. No doubt he is an  IITian, but IIM and Sloan guided his career and many more like him. Engineering to core with Management to supplement is the best combination. So Engineers, rush to B-Schools to equip yourselves with leadership skills to prove 21^st century belongs to Asia.

 

Nurturing: Quite evident at SMSR by Darshana Rajpurohit

Only plants do not require nurturing, it is also necessary for each and every living being. Nurturing is something that can make someone incorporate positive thoughts, it can also guide someone to work towards success, and it can help someone to analyze what is wrong and right. Be it parents, be it peers, be it a guide, be it a mentor, be it a friend or be it a teacher, nurturing can be done by anyone.

BVB-SMSR is a perfect example for this. The faculty members, HOD and non-teaching staff are so supportive and motivating that they nurture students in every required way. The classes, lab, library, lectures, committees, sports and recreational activities motivate students as well as faculty members so much so that out-of-the-box thinking has become a routine for us. This helps students and faculty members to grow and enhance their knowledge. Especially if spoken about faculty members, the effort they put in to help students overcome their weaknesses is commendable. The way they teach, the way they encourage students to participate in extra curricular activities, the way they correct students and the way they immerse themselves in nurturing us is appreciable. Such nourishment is necessary and this can definitely facilitate students to reach their goals with ease.

Very Good Reasons to do an MBA-By Ravi Kulkarni, 3rd semester student

With some top 50 graduate schools of business across the north Karnataka, the M.B.A. degree has clearly become a commodity.

Even among elite schools, courses and case studies are pretty much water from the same well (i.e., finance, operations, marketing, HR).

So how do you choose? By using the rankings? Which ones? The Economist’s? Business week’s? The Financial Times’s? And if you do, how do you tell the difference between a school ranked No. 6 and a school ranked No. 7?

Don’t ask none. Don’t ask the schools, either. Their polished brochures try to be everything to everybody, and in the process they obscure rather than illuminate.

An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a touch, or is there real value in pursuing such a study programme? It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?

1. Higher remuneration

The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification. For MBA graduates the average salary ranges from 8000 INR (in governmental or non-profit Institutions) to 28000I NR (in consultancy, finance or healthcare). That is almost twice as much of what you can expect to earn with a regular University degree. In this case, in 2-3 years, you cover the investment made in your MBA education, which is estimated to cost, for a 2 year MBA at a top business university, 35000 INR on average.

2. Better career opportunities

This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.

3. Better fused business network

As an MBA student you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner (in a context that emphasizes your business management capabilities) with colleagues (future high level managers), professors and teaching staff (usually former or current potent business people, with great on-field experience). Furthermore if you are not doing a part-time MBA next to your job or within your company you have good chances to meet potential employers through the various internships that are part of most top MBA programme.

4. A holistic viewpoint over the business world

As mentioned before, through studying an MBA you become part of a great network of professionals and companies and you constantly challenge yourself with the newest problem-solving. These things together give you a great overview of the business world, a deep understanding and certain receptiveness to the slight changes of this environment. This type of overview and sensitivity is very hard to achieve without spending a lot of time on it. 

Focus on good education and ability to work in difficult situations:

SUNDER is most searched word on search engines today. It is because; SUNDER takes the driver seat of a popular and $400 billion tech giant – GOOGLE. In an article published in economic times, two points are worth mentioning, especially to Indians. First, 12 leaders of Indian origins are heading global businesses (majority of them are from Business Administration (MBA) background) today and second their dynamic behavior pattern is what makes them adaptable.

The portion of article goes like this:

There are many other Indians heading the businesses at relatively smaller companies abroad, especially in IT sector, but at least 12 large companies have got India-born chief executives. 

These include Microsoft (Satya Nadella), PepsiCo (Indra Nooyi), ArcelorMittal (Lakshmi Mittal), Diageo (Ivan Menezes), Reckitt Benckiser (Rakesh Kapoor), MasterCard (Ajay Banga), DBS Group Holdings (Piyush Gupta), SanDisk (Sanjay Mehrotra), Global Foundries (Sanjay Jha), Cognizant (Francisco Dsouza) and Adobe (Shantanu Narayen). 

According to human resource experts, the significant rise of India-born executives in global companies can largely be attributed to the technical skills and the behavioral patterns, which make them very much adaptable to any kind of situation they come across.

Experts believe that Indians' focus on good education and ability to work in difficult situations are aiding to this rising trend and more and more Indians could rise to top positions at global companies in near future. 

http://economictimes.indiatimes.com/tech/internet/new-google-ceo-sundar-pichai-joins-elite-league-of-indian-origin-people-heading-400-billion-business/articleshow/48435809.cms

The following research conducted by Saint Gallen University claims that:

Collaborative learning, having harmonious and meaningful relationship with co-workers is being taught in Indian B-Schools.

The main features of Indian CEOs:

1.     Leadership in strategy formulation

2.     The custodian of the legacy of the organization

3.     Ambassador of Owner and Stakeholders

Source: Kannada Prabha, Kannada Daily, 12/8/2015

MBA aspirants take pride in experiencing MBA program and experience it at SMSR.