`

IIM Indore IPMAT 2020 Exam Date Extended

IIM Indore IPMAT Dates Extended – As an outcome of COVID-19 outbreak and the related lockdown imposed in the country as a precautionary measure against the viral disease; IIM Indore has announced the postponement of the IPMAT 2020 Exam for admission to IPM Course offered by it.

IIM Indore IPMAT Dates Extended

Last date to apply for IIM Indore IPMAT 2020 has been extended to April 20, 2020. 

New Exam date is yet to be announced. As per IIM Indore press release, the new date announcement will be made soon depending on the state of Corona virus and Central and state directions to educational institutes to reopen. 

Similarly, IIM Rohtak has also extended the date to apply for IPMAT 2020 for IIM Rohtak’s IPM Program to April 15, 2020. However, IIM Rohtak is yet to officially announce he postponement of the date of conducting the exam. 

CLICK HERE to apply for IIM Indore IPMAT 2020 Exam.

CHECK OUT No.1 IPM Online Coaching Course HERE.

Stay tuned to Career Anna for regular updates on IPMAT 2020 important dates related to IPMAT 2020 Exam and IPMAT 2020 Admission.

`

IIM Amritsar Placement Report 2020

IIM Amritsar Placement Report 2020 – Highest domestic annual salary is Rs.40 LPA. The average for top-quartile is Rs.17.86 LPA. For IIM Amritsar Summer placement 2020, highest stipend is INR 2,50,000 and average stipend is INR 62,500.

IIM Amritsar Placement Report 2020

Final Placement for Class of 2020

In a fitting conclusion to a glorious academic year 2019-20, IIM Amritsar concluded 100% final placement of its MBA04 batch, even amidst a slight economic stagnation throughout the year. The key metrics continued to display an upward trend once again this year,  with an average CTC reaching Rs.12.61 LPA, a modest increase over the last year. The highest domestic annual package spiralled to Rs.40 LPA, marking a 90% YoY increase. The average for top-quartile witnessed a 15.15% growth as compared to last year, reaching Rs.17.86 LPA from Rs. 15.51 LPA.

The placement drive saw a balanced mix of offers for all the management domains like marketing, sales, and finance, along with some noteworthy offers in operations and analytics domains. The institute, for the first time, witnessed a healthy spike in advisory & consulting roles offered to the students from three of the Big Four accounting firms, viz., Deloitte, Ernst & Young, and KPMG. In addition, IIM Amritsar witnessed marquees like Amazon, Grant Thornton, Bisleri, Aditya Birla Capital, etc., visiting the campus for the first time, along with several reputable firms like ICICI Lombard, Anand Rathi, Accenture,  returning for recruitment.

Read Placement Reports of Top MBA Colleges HERE.

Summer Placement for Class of 2021

The institute, despite the increase in the batch size by 50%, managed 100% summer placements of its fifth batch, while outperforming all its past benchmarks. The highest stipend offered this year was Rs. 2,50,000, a 25% leap over last year.The overall average and the average stipend for the top 25% of the batch, stood at Rs. 62,572 and Rs. 1,35,357, respectively.

The internship drive saw an overwhelming response from prominent recruiters like ICICI Lombard, Cipla, Landmark, L&T, Nielsen, CRISIL, GroupM, etc., offering a multitude of roles including business development, operations and analytics, supply chain, finance, and market research. The recruiters lauded IIM Amritsar for the variety and quality of the talent pool of the institute, which has only helped foster the industry-academia partnership of the institute. IIM Amritsar extends its profound gratitude to the recruiters for their continued support.

Read Placement Reports of Top MBA Colleges HERE.

`

JBIMS Summer Placement Report 2020

JBIMS Summer Placement Report 2020: The 55th batch of MMS, the flagship course of Jamnalal Bajaj Institute of Management Studies (JBIMS), a premier B-school in the country and extensively known as the CEO Factory, successfully concluded yet another Summer Placement Season. 

JBIMS Summer Placement Report 2020

Mean Stipend INR 2.05 lakh
Highest Stipend INR 5.67 lakh
Average of top 10% INR 3.18 lakh
Average of top 25% INR 3.04 lakh
No. of Companies 57

Consulting

Consulting domain saw a rise in the number of companies for the process as well as the number of students recruited. 9% of the batch was hired by the consulting sector companies. Recruiters such as Accenture Strategy, BCG, Capgemini, PwC offered enticing roles providing an excellent opportunity to the students to work with premier consulting firms.

Finance

BFSI & IB sector was the largest recruiter with about 37% of the batch bagging lucrative roles. Top recruiters in this sector were Aditya Birla Capital Limited, Axis Bank, Bajaj Finserv, Barclays, Citibank, Goldman Sachs, HSBC, HDFC Bank, ICICI Bank, J.P. Morgan, Metlife, Standard Chartered, SBI Capital Markets and Yes Bank among others.

Marketing

FMCG and Pharmaceutical companies such as Abbott, Amway, Castrol, Cochlear, Havmor, Hindustan Unilever Limited, Medtronic, PepsiCo and P&G offered attractive roles in Sales & Marketing, Corporate Finance and General Management. The Manufacturing and Conglomerate sectors witnessed participation from top recruiters such as Bridgestone, Dalmia Bharat, JSW, Piramal, Reliance Industries Limited, TAS, Tata Steel and Welspun.

Technology

The E-commerce sector giants offered varied roles in General Management, Sales & Marketing and Operations. Renowned companies in this sector such as Amazon, Grofers and Ninjacart were a part of the placement process. Apart from this, other companies including Airtel, Cisco, Hexaware, TCS, Titan and Xiaomi offered roles in Corporate Finance, Sales & Marketing and General Management.

Dr. Kavita Laghate, Director at JBIMS said, “We take great pride in the academic acumen of our students and it is validated by the stupendous response they receive from the industry. Year after year the students have exceeded all expectations and this trend has continued in the present year with stellar performance during this summer placement season. Our recurring and new recruiters have helped us achieve this result and it stands as a symbol of the strong ties the institution has with the various stakeholders in the industry. We have constantly evolved and updated our academic curriculum to enable our diverse talent pool to meet the requirements of the industry and we strive to sustain the faith that eminent organizations across sectors have bestowed upon us and continue this legacy of excellence into the future.”

Anushka Patil, a Placement Committee member said, “We take immense pride in announcing the successful result of the Summer Placement season for the batch of 2021. We express sincere gratitude to our recruiters for keeping their faith in the capabilities of the students at JBIMS. The campus has seen an overwhelming increase in the participation of some of the most coveted organizations across the country making lucrative offers. The team would like to convey its heartfelt thanks to the faculty and global alumni base of the Institute for their ceaseless support and assistance. The success of the placement season is purely because of the valuable support and collaboration of each and every student of the institute.”

`

BITS Pilani MBA Placement Report 2020

BITS Pilani MBA Placement Report 2020 has been released. The average salary for the batch stood at Rs.9.18 LPA while the highest salary was Rs.15 LPA. Accenture, Cognizant, Bridgestone, HSBC, ITC were among the top recruiters at BITS Pilani. 

BITS Pilani MBA Placement Report 2020

Average Salary INR 9.18 lpa
Highest Salary INR 15 lpa
Batch Size 77 students
Top Recruiters Bridgestone, HSBC, ITC, Bosch, Toyota, CISCO, Accenture, Cognizant, JSW, KPMG

Roles Offered
Students from the Department of Management are recruited by various industries in roles like Domain Specialist, Management Trainee, Business Consultant, Subject Matter Expert, Business Analyst, Business Development, Product Manager, Engagement Partner, Sales Manager, Research Analyst, Marketing Strategist, Operations Manager, Bidding Specialist, Business Associate among others.

Top Recruiters at BITS Pilani
In the last three years, 40 companies have recruited students from the Department of Management, BITS Pilani. In the same duration, 17 companies extended placement offers to students from the Department of Management who worked as interns during Practice School-2 in these companies.

Some of the top recruiters include Bridgestone, HSBC, ITC, Bigbazar, Bosch, Taj Hotels, Toyota, CISCO, Accenture, Cognizant, JSW, Indiamart, Bajaj Allianz, SIEMENS,Mahindra Finance, Tata Steel, Future Generali, UBS, KPMG, Zomato, Nayara, CGI, Saint Gobain, netcore, Syngene, Maybank, RBI,

Companies from the IT industry, Banking and Financial Services, Consulting, Retail, Marketing Research, Tele-services, E-Commerce, Automobile and Aerospace, Retail, Healthcare recruited the students in large numbers.

BITS Pilani is a Deemed to be University offering UG, PG and PhD programmes to over 15,000 students across its campuses in Pilani, Goa, Hyderabad, and Dubai. The Institute has been recently granted the “Institution of Eminence” tag by MHRD, Govt. of India. It is also India’s highest ranked non-Government Institute as declared in QS BRICS, QS Asia, and QS India 2019. At present, MBA programme is not offered at Goa or Hyderabad campuses.

`

FMS Delhi Placement Report 2020

FMS Delhi Placement Report 2020: Average salary has increased by 11% going up at Rs.25.6 LPA from Rs.23.20 LPA last year. 

FMS Delhi Placement Report 2020

  • Highest Package up at Rs.58.6 LPA from Rs.48 LPA Last year
  • 11% hike in Overall Average Package
  • Average salary up at Rs.25.6 LPA from Rs.23.10 LPA last year
  • 75% offers were above Rs.20 LPA
  • Median Salary stood at rs.23.40 LPA
  • 36% rise in Number of PPOs
  • 42% increase in the number of consulting offers

Top Recruiters
Top recruiters at FMS Delhi in placement 2020 include ABG, Accenture Strategy, Airtel, Bain & Company, Capgemini E.L.I.T.E, EY, Flipkart, Kearney, McKinsey & Company, Shell, TAS, Xiaomi, Amazon, American Express, Cloudtail, Delhivery, Flipkart, Freshworks, Go-MMT, Infoedge, Microsoft, RBS among others.

The placement process at FMS Delhi was divided into 2 parts, the lateral and the final placement processes. Students with greater than 18 months of work experience prior to their MBA participated in the laterals placement process. Subsequently, the final placement process for the remaining students was held in 2020.

Entrepreneurship at FMS
For the sixth year in a row, a scheduling algorithm was run in the placement process to optimally match the company and student’s preferences during the recruitment exercise. To encourage entrepreneurship, FMS provides a placement holiday to students who wish to pursue their own ventures and allows them to participate in a subsequent placement process for up to two years, in case they want to avail the opportunity.

36% Rise in PPOs
More than 65 PPOs were offered this year as against the 48 accepted PPOs last year. FMS Delhi has a legacy of securing stellar placements, both in terms of the compensation and the wide variety of profiles on offer. Placement 2020 was no exception to this feat.

Domain Wise Placement
Students were offered roles in Consultancy & General Management, Sales & Marketing, BFSI, IT & Operations, and E-commerce among others.

33% students got placement offers from Consulting, Strategy and General Management domain. Key  recruiters offering roles in this domain were ABG, Accenture Strategy, Airtel, Bain & Company, Capgemini E.L.I.T.E, EY, Flipkart, Kearney, McKinsey & Company, Shell, TAS, and Xiaomi.

26% students got placed in Operations/IT/E-commerce domain.Key recruiters were Amazon, American Express, Cloudtail, Delhivery, Flipkart, Freshworks, Go-MMT, Infoedge, Microsoft, RBS among others.

`

NITIE Mumbai Placement Report 2020

NITIE Mumbai Placement Report 2020 – NITIE Mumbai Placements 2020 witnessed average salary of INR 21.5 lakh and highest salary of INR 58.24 lakh.

NITIE Mumbai Placement Report 2020

Key highlights of NITIE Mumbai Placements 2020

  • Highest salary offered in NITIE Mumbai placement – INR 58.24 lakhs per annum.
  • The average salary offered increased to Rs. 21.5 lakhs from Rs. 20.19 lakhs in the previous year, whereas the average salary for top 10% of the batch was Rs. 39.81 lakhs.
  • This placement season saw participation from 121 companies on campus to hire the 253 participants from the class of 2020 at NITIE Mumbai.
  • 34% percent of the Class of 2020 received pre-placement offers and pre-placement interviews through their summer internships at top corporate companies.
  • The season saw the return of regular recruiters like Amazon , Deloitte, Flipkart, HUL, ITC, P&G, Philips, PwC US Advisory to name a few. NITIE remained a preferred destination for the recruiters.
  • NITIE added over 20 new recruiters including Ather Energy, Grofers, IDFC First, McKinsey, RBEI, RBL Bank, SAP Labs, Square Yards etc.

NITIE Mumbai Placement Report 2020

NITIE Mumbai Placement Report 2020

Check out Placement Reports of Top MBA Colleges HERE

 

`

5 Trillion Economy – Is it Possible for India?

5 Trillion Economy – Is it possible for India? While the Vision is laudable, Economists point to the rapidly slowing India economy. India’s gross domestic product (GDP) growth has dropped to 4.5% in the July-September quarter of 2019-20, a free fall from the government’s ambitious call for a double-digit growth not so long ago. The International Monetary Fund cut its estimate for India’s growth this year to 6.1% from 7% projected in July, calling on the country to use monetary policy and broad-based structural reforms to address cyclical weakness and strengthen confidence.

5 Trillion Economy – Is it Possible for India?

The Context:

  • Prime Minister Modi had announced an ambitious target of a $5 trillion economy for India by 2024. If achieved, India will become the third-largest economy in the world.
  • The focus is on boosting services sector contribution to $ 3 trillion, manufacturing to $ 1 trillion and Agriculture to $ 1 trillion.
  • However, the recent economic slowdown has made critics question the ambitious target.

What is a $5-Trillion economy?

Before we move forward, lets understand the term clearly.

  • Simply put, the $5-trillion economy is the size of a national economy as measured by the annual Gross Domestic Product (GDP).
  • What is GDP? The GDP of an economy is the total monetary (rupee) value of all goods and services produced in an economy within a year. GDP is a way among countries (economies) to decide who is the largest and so on.
  • In 2014, India’s GDP was $1.85 trillion. In 2018, it is $2.7 Trillion, and India is the sixth-largest economy in the world.

Comparison with Major Economies of the World

  • India is the sixth-largest economy. But this does not necessarily means that Indians are the sixth-richest people on the world! Look at GDP per capita chart below for better understanding.

In the chart below, which the first column is country, next is GDP of the respective country and third columns is “per capita” income of a country. Per Capita income is a more accurate picture of the level of prosperity in the respective country. For example, while GDP of India and UK is nearly same, but a UK resident’s income was 21 times that of an average Indian in 2018!

How to achieve $5 Trillion Economy Target
Going forward what steps can Government take to get closer to its target. Niti Ayog CEO Amitabh Kant recently outlined these steps. 

1. Increase Ease of Business and Ease of Living to promote private investments
Over the last four years, the government has scrapped over 1,300 antiquated law! It has done away with a lot of archaic procedures, rules and regulations.

Through a series of reforms, India has jumped up 65 positions in The World Bank Ease of Doing Business. No other large country has been able to do this. India has jumped up 65 positions, but our challenge is that in the next two years India must reach the top 50 and in the next five years reach the top 25.

2. Urbanization – a big driver of growth
Cities account for less than 5% of the earth land mass, but they account for over 75 % of the global GDP! So, Urbanization in cities is important as they are centers of economic growth.

While the process of urbanization has ended across America and Europe, and matured in China, it has just begun in India. In the next 5 decades, India should see more Urbanization than what we’ve done in the last 500 years. While there will be many challenges, India needs more Urbanization to grow rapidly.

3. Globalization for growth
India exists in a globalized and interdependent world. Like in Japan, Korea and China, Globalization has helped large sections of population to be lifted above the poverty line. India’s share in global export is less than 2%. So, India must learn the art of size and scale, of manufacturing to size of scale and to penetrating.

4. Women Participation is key
India cannot grow at high rates over a 3-decade period without gender parity. In India, only 26% of the women work; the worldwide average is 48%. If such a major chunk of the population is not working and we consciously don’t put women into positions of power, it will be very difficult for India to grow.

5. Agriculture Reforms in vital
It’s not possible to grow over long periods of time without some very major structural reforms in the agriculture sector because that’s where close to 60% of India lives. You can’t keep growing on subsidies, you can’t keep going on just giving assistance to farmers without ensuring better markets, without putting technology, without contract farming and so on. Agriculture sector reforms are critical.

`

Xavier University Placement Report 2020

Xavier University has witnessed 100% placement for Xavier Institute of Management, Xavier School of Human Resource Management, and Xavier School of Rural Management. Under the helm of Xavier University, students have successfully been placed in reputed companies. 

Xavier University Placement Report 2020

  BM HRM RM
No. of Companies 107 57 35
No. of Students Placed 365 118 101
PPO/PPI 74 12
Average Salary 15.42 LPA 12.87 LPA 7.78 LPA
Median Salary 15.00 LPA 12.09 LPA 7.5 LPA
Highest Package (Domestic) 26.00 LPA 22.47 LPA 13.2 LPA
Highest Package (International) 58.22 LPA

Xavier University Placement Report 2020

With new recruiters like AB InBev, Tolaram Group, Goldman Sachs, Adani Wilmar, Mahindra & Mahindra, Delhivery, all served as testament to the growing brand equity and reputation of the institutes.

The institutes also hosted several other prominent recruiters such as Deloitte, ICICI Bank, PwC, Royal Bank of Scotland, Amul, Extramarks, GAIL, Tata Steel, and so on.

`

Corona Virus – All You Need to Know

Corona Virus breakout emerged in Wuhan city of China. China has allocated more than $10 billion to contain the corona virus. The growth rates due to this virus for numerous countries have been cut. S&P Global Ratings has cut China’s 2020 growth forecast to 5 per cent from 5.7 per cent. Nine out of the top 10 countries in Asia are vulnerable to the virus and they include India. Hong Kong, Singapore, Taiwan, Japan, South Korea, Thailand, Malaysia and the Philippines.  

Corona Virus – All You Need to Know

Impact on India
The impact of Coronavirus outbreak in China could be negative, if the selective steps are not taken. India could turn this problem into an opportunity also with more exports and achieving high growth rate. Let us discuss the negative and positive impact both briefly:

Negative Impact on Indian Economy
India faces a series of challenges due to the coronavirus outbreak. Pharma companies, mobile handset, consumer electronics and automobile sectors in India may witness lower production due to clogged supply from China.

The corona virus outbreak made RBI Governor Shaktikanta Das take note and suggest the need for a contingency plan to deal with the unfolding situation. According to Jimeet Modi of SAMCO Securities, “The overhang of Coronavirus will largely drive the mood of stocks in the short term. Investors are advised to wait and let the market settle down before allocating any meaningful savings to direct equities.”  

It implies that if the global environment remains weak, commodity prices would fall, as is the case with the 20 per cent drop in crude oil prices, which should benefit India. However, India is not immune to a global slowdown. UBS said reports of the virus contagion have contributed to investors’ concerns during its marketing trip.

The report said, “Potential similarities between the Wuhan virus Coronavirus and SARS in 2003 have led many investors to question the extent of the impact on India. At this early stage, we only see a negligible economic impact, but India is not immune. India’s tourism contributed only 1 per cent of GDP in FY19. But, China is India’s third-largest goods export partner ($17 billion; 5 per cent share in India’s exports). Any likely slowdown in growth in affected Chinese cities could result in a further drag on raw material demand from India and thus could drag exports further.”

Opportunity for India: Positive Impact
Economists are of the opinion that the disruption caused by the virus in China could pave way for more foreign investments in emerging economies like India, Bangladesh, and Vietnam as the world looks to reduce dependency on China, the largest manufacturing hub in the world.

Experts feel that India has a good chance of becoming an attractive manufacturing hub given the present situation, provided the government changes some of its trade policies to bring down commodity prices. An example of Vietnam, which has gained a huge growth boost due to higher density of electronics manufacturing, is before everyone.

H Nemkumar, Head – Institutional Equities, IIFL, said that ill-fated coronavirus outbreak in China has offered India with an opening to revive the ‘Make in India’ programme.

According to the Chief Economic Advisor of India, Krishnamurthy Subramanian the coronavirus outbreak in China provides an opportunity for India to expand exports. India is one of China’s leading trade partners in Asia and has a huge trade deficit with that country.

Coronavirus: A Black Swan for Global Economy
Nassim Nicholas Taleb, a former options market broker was the first to suggest the term “Black Swan,” which is used to emphasize unpredictable, rare events that have the potential to deeply affect the financial world and global economic systems.

With the impact of trade wars, Brexit and various geopolitical issues, the global economy has been going through a hard time and the possibilities of recession and economic slowdown are on the global agenda. One of the concerns is the fear of a “Black Swan” scenario coming true, further deteriorating the global economy, which has already been on fragile ground for some time.

Impacts of such outbreaks like Cornonavirus, are interpreted primarily through their impact on exchanges. Financial markets strongly react to the flow of information about these kinds of unexpected events. An increase in the death toll might suddenly result in a 10% loss of value in stock markets. On the other hand, even a shred of good news could be regarded as an opportunity to buy. Because we are talking about China, which is considered the “factory of the world,” it would be wise to assess the impacts through supply chains, foreign trade and real sector channels.

The impacts of the coronavirus could be felt more deeply than that of SARS. China no longer has the same radius of action that would enable it to increase its exports in  significant numbers. In recent years, China has gone through a transformation from an export-based growth model to a model dependent on domestic demand. The share of domestic demand in the growth composition is much heavier now than it was in the past.

Accordingly, the virus would slow down domestic demand that would have a more distinct impact on economic growth. Within the economic sphere, epidemics and natural disasters tend to impact the service industries the most. The importance of the service industry in the Chinese economy has increased from 40% to at least 50% in the past 20 years. This shift in the sectoral structure of the economy might result in the impact of the coronavirus on growth to be stronger compared to 2003.

In comparison with 2003, China’s foreign trade is five times bigger today, the number of tourists sent abroad is six times more and its share from the global economy has also increased fourfold. It would not be a surprise if developments in China impact the global economy more deeply than it would 17 years ago.

The deterioration of expectations on the global economy might render the impacts of the virus a tad stronger.

How much will these factors increase the negative impact of the Wuhan virus on the economy compared to that of SARS? With reference to the scenario in which the coronavirus outbreak would be under control by April, Shang-Jin Wei from Columbia University made a very optimistic prediction that the impact of the virus on Chinese economic growth would be limited to only 0.1 percentage point.

International finance organizations predict that the Chinese economy will experience a loss of growth by 0.5 percentage point on average. There are also grave pessimists who predict that the Chinese economy will face a loss of growth of more than 1 percentage point. Predictions about the overall global economic growth loss due to the virus range between 0.02 to 0.03 percentage point.  

Impact on World Economy
Disturbance caused by Coronavirus has affected key sectors like global tourism, trade, manufacturing and export/import. But the biggest jolt has come from the shutdown of many businesses–from major retail chains to automobile and smartphone manufacturing firms–in mainland China.

As a result, countries that have a high dependency on China for goods–especially small components and parts–have suffered. Market experts fear that the world’s over-reliance on China will continue to hurt global growth until the virus is contained.

According to predictions by Bloomberg Economics, the global economy might face a loss of 0.416 percentage point in the first quarter of 2020. Deeply conjoint to China in terms of finance, logistics and merchandise, Hong Kong is one of the most likely countries to be affected by the virus.

Slowing down of China means less product exports, which would affect the main product exporters such as Brazil and Australia. Mostly dependent on China in its intermediate goods, South Korea’s economic growth in the first quarter of the year might end up 0.4 percentage point, less than expected due to the virus.

Owing to the deficiencies in intermediate good supplies coming from China, a South Korean automobile company decided to halt its operations for some time. Problems to be caused by the virus and a breakdown in expectations in the global supply chain are expected to negatively impact the U.S. and various EU countries. Among the EU countries, the virus is expected to affect German economy the most.

The dependency of Turkish economy on China is less compared to other G20 countries. The impact of Wuhan virus on Turkey might be relatively less. The loss of acceleration in global economic growth and trading volumes might also slow down the growth of export rates in Turkey. On the other hand, Turkey’s foreign trade deficit to China might become tighter. A decrease in global growth expectations also brings down the petroleum prices. The petroleum prices dropping below 55 dollars is a positive development in terms of inflation and account balances.

If the expectations about the impact of the virus on the global economy further deteriorate, significant central banks such as FED and ECB could go for an additional monetary expansion. The final and concrete outcomes of the current possible (positive and negative) impacts will be dependent on which actors are stronger and more influential in the process.

The Risky scenarios
There are three risky scenarios that might increase the impact of the virus on the global economy. The first significant risk is the possibility to not be able to get the virus under total control by the end of the second quarter of the year. As the weather temperatures increase, the possibility of the virus losing its durability might result in this scenario to not happen.

The growing social tension in China due to the virus and the Beijing government overreacting to this situation is another risky scenario. Although some criticize this, it is obvious that China is acting in a more transparent manner compared to its reaction to SARS outbreak in 2003. In such a serious situation, it is not easy to keep all related issues under control — first and most important of which are quarantine processes.

The possibility of social tension growing and things getting out of control of the Beijing government is low at present.

Pitching India as Strong Investment Destination
A recent surge in order queries has been received by Indian traders across various domains. Trade analysts expect more investment opportunities for emerging economies in the backdrop of the coronavirus outbreak in China.

`

Plastic Ban in India – Must Know Points

Plastic Ban in India has been a recently trending topic which impacts both environment and economy. Hence, it is important to understand several nuances around the topic and be able to talk about it in a well informed manner. 

Plastic Ban in India

How Plastic Harms Environment

1. Difficult to Decompose
It takes 500-1000 years for plastic to decompose and hence it is a permanent pollutant. Plastics are composed of long-chain polymers of carbon and are developed from mostly petroleum products. Decomposition occurs when organisms like bacteria break down a cellular structure and feed on it. But the structure of plastics is not naturally occurring and thus organisms have not yet been evolved to be able to utilise its chemical composition and thus cannot be decomposed naturally.

The only method known so far to naturally decompose plastics is to leave it in open sunlight (UV rays). Daniel Burd, a student at Waterloo Collegiate Institute, recently demonstrated that certain types of bacteria can break down plastic. This is a breakthrough if the experiment can be replicated and would solve the problem to a certain extent. 

2. Forced Disposal Harmful
Plastic disposal is quite complicated as it cannot decompose and thus is very harmful if disposed off in landfills, where it just lies and fills space that could otherwise be constructively used. If it is left around on soil, it prevents seepage of water into the ground, providing breeding grounds for all sorts of disease-causing germs. If it is disposed off in water bodies, it eventually makes its way into the oceans where it affects the survival of marine organisms. Burning plastics releases toxins which cause air pollution and adds to the already vast amounts of particulates in the atmosphere. Basically, plastics cannot be disposed and need to be recycled.

3. Damages Wildlife
More than one million marine animals and birds are killed annually due to plastic wastes directly or indirectly. When plastics are washed away in oceans and decompose due to direct sunlight into smaller bits, they release toxic chemicals such as bisphenol A (BPA) and PS oligomer which end up in animal guts or ocean shorelines and come in contact with humans and affect their health too.

Further, plastics sometimes are directly consumed by fish and other marine animals and these animals either die due to entanglement of plastic components in organs and subsequent organ failures or the plastic ends up in their guts and enters the food chain. Sometimes, the plastics in landfills is consumed by birds and the birds suffer the same fate as fishes. Autopsies of dead fishes and birds have shown all forms of waste material being accumulated in their intestines.

4. Overuse
Global plastic demand stands in excess of 300 million tons every year. Every where we look, we see plastics. This over reliance on plastics has led to excess of it in dumpsters and landfills. Plastics are used to carry goods, in packaging material, in household products like food containers and water bottles, disposable utensils, electronics casings, insulations and almost everywhere.

5. Harmful Pollutant
Plastic pollution is seen in land, water, groundwater as well as in air. When plastics get buried underneath the soil, the groundwater gets affected as plastics release their toxins into the water and this water is then used by humans in households as well as in industries. Water pollution is seen when plastics make their way into water bodies and litter shores and ocean beds and further affect marine life. Plastic disposal in landfills affects the quality of soil due to seepage of toxins into the soil and further prevents water to soak into the soil and prevents replenishment of groundwater. When plastic is burned, toxins are released in the air.

6. Poisonous
Many plastic related toxins have also been found in humans. Polyvinyl chloride, or PVC, is widely known as the most toxic plastic for health and the environment. In its production, it releases dioxins, phthalates, vinyl chloride, ethylene dichloride, lead, cadmium and other toxic chemicals. Further, plastics have been proven to be carcinogenic (cancer causing), mutagenic (mutation inducing) or toxic. The increased number of cancer patients has been attributed in part to the increased use of plastics.

Plastic Ban: Might Harm Economy

1. Bulky and Expensive Packaging
Plastic offers a cheap, hassle free and light-weight long duration and air tight packaging. Paper bags and cloth bags cost quite a lot more than plastic bags and are not durable also. Moreover, they are bulky and often unreliable. Especially paper bags and paper packaging  can be damaged easily thus compromising the safety of goods being packed.

2. Difficulty in Branding
Mostly, companies give away custom made plastic bags that act as brand features with company logos, contact information etc.  Printing on pre made plastic bags costs much cheaper compared to cloth bags which need to be custom made. Thus, the ban on plastics will not only affect the plastic industry but other industries as well.

3. Adverse Impact on Product Pricing
When the packaging of products is changed to an expensive alternative, it will naturally affect the price of the product. This will result in a chain reaction of increase in prices of products all over the market and affect customers and businesses alike.

4. Impact on Trade
The global market for plastic products is growing at about 3% per year, according to the research report by The Business Research Company Plastics Product Manufacturing Global Market 2017. It was worth $1.1 trillion in 2016, and is set to grow to $1.2 trillion by 2020. Banning plastics will bring down a multibillion-dollar industry and thus cause a catastrophic effect on the economy and subsequently the share market.

Possible Solutions for Plastic Ban in India

1. Greener Alternative
The situation calls for developing a substitute for plastics as pretty much everyone depends on them. Currently, there are two types of bio degradable plastics available. The first is a plant-based hydro-biodegradable plastic known as Polylactic Acid which is formed from corn and degrades within 47 to 90 days. The other type is petroleum-based oxo-biodegradable plastic. Apart from this, paper bags or biodegradable bags can be used for daily purposes and industrial packaging material can be made from recycled material rather than custom made packaging.

2. Reducing Plastic Use at Personal Level
As it is said, nothing is impossible if all do their bit. So, for starters each one of us can start the change by reducing use of plastics on a personal level, like refusing plastic grocery bags, plastic bottles, food containers and other household items. Apart from that, we can encourage our neighbours and relatives to recycle the existing plastic so as not to add to the waste and rather use it again.

3. Gradually Ban Use of Plastics
Banning use of plastics outright is a very drastic measure that we cannot afford at the moment due to lack of alternative options. Even if it is banned, it might result in illegal manufacturing, use and disposal of plastic material which might further add to the problem as there will no longer be any rules and regulations to follow as plastic itself will be contraband. This might put plastic as a form of black-market business which will be quite hazardous to the environment.

4. Global Initiatives
Various global initiatives have been taken to tackle the problem of plastic waste solution. One of these is the Clean Seas Campaign started by the United Nations and is being supported by several sports events in form of sailing, yachting and surfing to raise awareness. Apart from that, several businesses have taken initiative to give parts of their income to help clean the oceans of plastic waste. Moreover, a lot of celebrities like Leonardo DiCaprio and Mark Ruffalo have spoken up about the degrading environment and set up foundations to help tackle the problem at some level.

5. Recycling
Plastic has become sort of a necessary evil in our lives. But continuing to harm the environment is no longer an option. If we want to move forward from plastics, it has to be done in steps. It is something that needs to happen gradually no matter the urgency of the situation. Industries engaged in recycling of plastics and putting the material to unharmful uses should be encouraged. Recently Hindustan Unilever has launched the process of plastic disposal & recycling leading to no adverse impact on environment.

What we can ensure nonetheless is minimal use of plastics on a personal level and at the same time moving towards greener alternatives on an industrial and global level. The first step being enforcing stricter recycling laws and banning low quality plastics. Next, we can concentrate on greener methods that can substitute plastic which will not cause the consumers much discomfort. Because without providing an acceptable alternative for plastics, if plastic is banned, it is more likely to result in illegal marketing and disposal of plastics which will only harm the environment further.

`

IIM Bangalore Placement Report 2020

IIM Bangalore Placement Report 2020 has been released by IIM Bangalore. Average Salary offered was INR 24.54 lakh per annum and median salary was INR 23 lakh per annum. Let us have a detailed look at IIM Bangalore Placement Report 2020.

IIM Bangalore Placement Report 2020

  • Average Domestic salary up at Rs.24.54 LPA from Rs.22.76 LPA last year
  • Average International Salary Up at Rs.62.30 LPA from Rs.58.20 LPA last year
  • 170 PPOs were made and 125 were accepted
  • International Offers made-15
  • Lateral Placement Offers made-142; accepted-110
  • Consulting Firms Emerged as Top Recruiting Domain with 161 Offers
  • Accenture emerged as top recruiter with 30 offers

Top Companies Making PPOs
Following are the top companies making PPOs to 170 students. However, only 125 PPOs were accepted by the IIMB students.

Recruiter Making PPO
No. of PPOs made
Bain & Company
10
The Boston Consulting Group
10
Strategy&
  9
Accenture Strategy
  8
Amazon
  8
A. T. Kearney
  7
McKinsey & Company
  5
Aditya Birla Group
  4
Alvarez & Marsal
  4
Procter & Gamble
  4

Check out Placement Report of Top MBA Colleges in India

IIM Bangalore Placement Report

Consulting Biggest Recruiting Sector
161 offers were made in the consulting sector led by Accenture with 30 offers. Other leading Consulting companies which made placement offers in good number included Deloitte USI and Delotte India with 18 offersAT Kearney -14 offers; The Boston Consulting Group-14 offers; Bain & Company -14 offers; Strategy &-11 offers; EY-Parthenon-8 offers; McKinsey & Co-7 offers.

Other prominent companies making offers in Consulting domain include Nomura Research Institute (5), KPMG (5), Alvarez & Marsal (4), Auctus Advisors (4), Ernst & Young (3), Zinnov (3), GEP Consulting (2), Roland Berger (2), IBM Consulting (2), Oliver Wyman (2), Vector Consulting (2), Analysis Mason (2) and Infosys Management Consulting (1) offer.

In addition, there were 20 offers in the Technology consulting domain with PricewaterhouseCoopers making the maximum of 12 offers followed by Larsen and Toubro Infotech Consulting (4), Thoucentric (2), Accenture Technology (1) and Cognizant Consulting (1).

Finance: 54 Offers
There were 54 offers overall in the Finance domain. Among global banks, Goldman Sachs made the maximum of 7 offers followed by JP Morgan (4), Deutsche Bank (2), Citibank (2), HSBC (2), Barclays (1), Standard Chartered (1). Other Investment firms included Avendus (3), Matrix Partners (1), Axis Capital (1), Allegro Capital (1), Arpwood Capital (1) Tata Asset Management (1) and True North (1). Among banks and financial firms ICICI Bank made the maximum of 8 offers, and others included Société Générale (5), Royal Bank of Scotland (5), ANZ (3), Bajaj Finserve (1), and PWC Deals (1). Corporate Finance roles were offered by Reliance Treasury (2) and EMAAR (1).

Conglomerates: 40 Offers
Conglomerates recruited for their leadership tracks, making 40 offers in general management, with Adani Group leading with 7 offers followed by Tata Administrative Services (6), Aditya Birla Group (6), Vedanta (5), RPG Group (4), CK Birla Group (3), Wipro Global (2), Jindal (2), Mahindra Group (2), Reliance (2) and Lodha Group (1). In addition, there were 23 offers in General Management roles by Genpact (6), Sterlite Power (4), Capgemini (4), Udaan (3), Renew Power (2), Tata Sky (2) and Microland (2).

Sales & Marketing Domain: 47 Offers
Students opting for Sales and Marketing roles received 47 offers and were recruited by major consumer goods firms led by Anheuser-Busch Inbev with 9 offers. Other recruiters included Samsung Electronics (8), Procter & Gamble (4), Nestle (3), Asian Paints (3), Lenovo (3), Wipro Consumer Care (3), Bajaj Auto (2), ONGC (2),  Mondelez (1), Dr Reddys (1), Indian Oil Corporation (1), Colgate Palmolive (1), Vodafone (1), Coca Cola (1), Sigtuple (1), Maruti (1), St Gobain (1) and Jubilant Foodworks (1).

Analytics: 32 Offers
The 32 offers made in the fast-growing analytics space included EXL Services (9), WNS Global (5). American Express (4), Gartner (4), UnitedHealth Group (3), Visa (3), MasterCard (2), Addzebra (1) and CRISIL (1).

IT Domain: 41 Offers
Prominent recruiters in the information technology and IT product management domain, who made 41 offers, were Microsoft (7), Reliance Jio (5), Value Lab (4), Krazybee (4), Sprinklr (3), Byjus (3), AT Kearney Digital (3), Tech Mahindra (2), Servify (2), Moonfrog (2), Edfora (2), Hindustan Unilever (1), Dunzo (1), ACT Fibernet (1) and Infoedge (1).

E-Commerce: 52 Offers
The e-Commerce and online space saw 52 offers with Amazon leading with 16 offers followed by Oyo Rooms (10), Flipkart (8), Myntra (7), Paytm (4), Ola Cabs (3), Grab Singapore (2), Clirnet (1) and Perpule (1).

Operations: 18 Offers
Operations roles saw 18 offers – Bharti Airtel (4), Uber (4), Cloudtail (3), Accenture Operations (2), Amway (1), Hindustan Coca Cola Beverages (1), Danaher (1), Lenskart (1) and Schneider Electric (1).

High Lateral Placement
The Lateral Placement season for candidates with more than 22 months of work experience saw a high placement trends with more offers being made by firms in varied domains like Consulting, Business Leadership, Product Management, Operations, Category Management, and General Management.

Newton Bishoyi, Student Placement Representative, said, “IIMB has seen a diverse set of new recruiters this time. Strategy consulting and finance continue to be the most sought-after roles followed by general management and marketing.”

Check out Placement Report of Top MBA Colleges in India

`

Citizenship Amendment Act and NRC

Citizenship Amendment Act 2019 and NRC explained: Citizenship Amendment Act amends the definition of illegal immigrant for Hindu, Sikh, Parsi, Buddhist and Christian immigrants from Pakistan, Afghanistan and Bangladesh, who have lived in India without documentation.

Citizenship Amendment Act 2019 

The President of India gave his assent to the Citizenship (Amendment) Bill, 2019, on December 12, a day after it was passed by the Rajya Sabha. The CAB bill was passed in the Indian Parliament on December 11, 2019 with 125 votes in favor and 105 votes against. Hence the CAB Bill became the CAA Act. Soon after the protests have broken out across India against the Citizenship (Amendment) Act 2019. In response, the Government has shut down the Internet and issued Section 144 in many cities, that prohibits a gathering of four or more people in a place.

What is Citizenship (Amendment) Act 2019?

The Act seeks to amend the definition of illegal immigrant for Hindu, Sikh, Parsi, Buddhist and Christian immigrants from Pakistan, Afghanistan and Bangladesh, who have lived in India without documentation. They will be granted fast track Indian citizenship in six years. The legislation applies to those who were “forced or compelled to seek shelter in India due to persecution on the ground of religion”. It aims to protect such people from proceedings of illegal migration. The cut-off date for citizenship is December 31, 2014 which means the applicant should have entered India on or before that date. Indian citizenship, under present law, is given either to those born in India or if they have resided in the country for a minimum of 11 years.

What is Government’s rationale?
Centre says these minority groups (Hindu, Sikh, Parsi, Buddhist and Christian immigrants) have come escaping persecution in Muslim-majority nations. However, critics say that the logic is not consistent, and bill is discriminatory – the bill does not protect all religious minorities, nor does it apply to all neighbours. For example, the Ahmedia Muslim sect and even Shias face discrimination in Pakistan. Rohingya Muslims and Hindus face persecution in neighbouring Burma, and Hindu and Christian Tamils in neighbouring Sri Lanka. The government responds that Muslims can seek refuge in other Islamic nations.

What is the Opposition’s objection?
According to Opposition Parties and Critics, the CAB discriminates against Muslims by declaring India a welcome refuge to all other religious communities. They say that it seeks to legally establish Muslims as second-class citizens of India by providing preferential treatment to other groups. This violates the Constitution’s Article 14, the fundamental right to equality to all persons.

NRC and how is it related to the Citizenship (Amendment) Act 2019?
A state-specific exercise, National Register of Citizens (NRC) identified illegal immigrants from Assam on the Supreme Court’s order. But, as soon as the Citizenship Amendment Bill was given Presidential assent making it a law, speculations started about another move – the National Register of Citizens or NRC.

What is NRC – National Register of Citizens?
Simply put, NRC is the National Register of Citizens. It has been adopted by many countries in the World. In India, NRC identified illegal immigrants from Assam on the Supreme Court’s order. This has been a “state-specific exercise” to keep its ethnic uniqueness unchanged. But ever since its implementation, there has been a call for its nationwide implementation. Many top BJP leaders including Home Minister Amit Shah have proposed that the NRC should be implemented across India. According to its proponents, NRC will effectively enable the government to identify infiltrators who have been living in India illegally, detain them and deport them to where they came from.

Will any particular community lose out if NRC is implemented along with CAA?
CAA, if implemented, will profile illegal immigrants in India. But Hindus, Christians, Sikhs, Buddhist, Jains and Parsis coming from Afghanistan, Pakistan and Bangladesh won’t be affected, if they claim they have arrived India after fleeing religious persecution. Which essentially means, if a nationwide NRC comes in as proposed, any illegal immigrant from other than Pakistan, Afghanistan and Bangladesh, will be affected. And as for those three nations, people coming from there who belong to the Muslim community will also be affected as they are not included in the Citizenship Amendment Act.

What will happen to the affected?

As proposed, if a nationwide NRC comes in place, the affected will be detained and taken to large detention centres, as it is happening in Assam. After that, the Ministry of External Affairs will get in touch with the concerned nations. If the details of the detained are matched and accepted by the concerned nations, deportations will follow.

Whether a nationwide NRC will come in place or not is yet to be known. But going by the speed the government is moving in bringing bold legislations like abrogation of Article 370 and CAB in 2019, a pan-India NRC Bill can’t be ruled out in 2020.