DEAR ALUMNI FOR YOUR INFORMATION
PLZ HAVE A LOOK THE REVISED NOTIFICATION
http://www.gitam.edu/gatmgt2008.pdf
LAST DATE FOR RECEVING APPLICATIONS:9-7-2008
ADMISSION TEST & GD,PI :12-7-2008
http://www.gitam.edu/gatmgt2008.pdf
Jun 27, 2008
May 6, 2008
GITAM University signed a Memorandum of Understanding (MoU) with the State University of New York – Binghamton (SUNY-B
GITAM University Registrar P.M. Valli and Dean of Thoms. J. Watson School of Engineering, Binghamton University Seshu B. Desu exchanging MoU in the presence of GITAM Vice-Chancellor M. Gangadhara Rao
VISAKHAPATNAM: GITAM University signed a Memorandum of Understanding (MoU) with the State University of New York – Binghamton (SUNY-B) here on Thursday.
GITAM University Registrar P.M. Valli and Dean of Thoms. J. Watson School of Engineering, Binghamton University Seshu B. Desu signed the MoU in the presence of GITAM Vice-Chancellor M. Gangadhara Rao. As per the MoU both GITAM University and Binghamton will start ‘2 + 2’ programmes at Undergraduate and PG levels along with faculty exchange programmes. Mr. Gangadhara Rao emphasised on the need for quality education for the overall development of students.
Prof Seshu B. Desu said Binghamton University had earned a reputation as the premier public university in the Northeast of US because of its exceptional and innovative academic programmes, outstanding students and faculty and graduation rates.
Director of GITAM Institute of Technology V.V. Kutumba Rao, Principal of GITAM Institute of Science N. Lakshmana Das and Principal of the College of Management Studies K. Siva Ramakrishna participated.
VISAKHAPATNAM: GITAM University signed a Memorandum of Understanding (MoU) with the State University of New York – Binghamton (SUNY-B) here on Thursday.
GITAM University Registrar P.M. Valli and Dean of Thoms. J. Watson School of Engineering, Binghamton University Seshu B. Desu signed the MoU in the presence of GITAM Vice-Chancellor M. Gangadhara Rao. As per the MoU both GITAM University and Binghamton will start ‘2 + 2’ programmes at Undergraduate and PG levels along with faculty exchange programmes. Mr. Gangadhara Rao emphasised on the need for quality education for the overall development of students.
Prof Seshu B. Desu said Binghamton University had earned a reputation as the premier public university in the Northeast of US because of its exceptional and innovative academic programmes, outstanding students and faculty and graduation rates.
Director of GITAM Institute of Technology V.V. Kutumba Rao, Principal of GITAM Institute of Science N. Lakshmana Das and Principal of the College of Management Studies K. Siva Ramakrishna participated.
GITAM invites applications for PG diploma course
VISAKHAPATNAM: GITAM Institute of International Business (GIIB) has invited applications from eligible candidates for admission into its two-year PG Programme in International Business.GIIB, acclaimed as one among the top-ranking B-Schools for international business in the country, is part of the 100-acre GITAM University that has carved a niche for itself in the field of engineering and management education.
The two-year PG Diploma in Management (International Business) is a 116-credit, six trimester programme with focus on International Business covering courses on global supply chain management, global sourcing, EXIM management and International Marketing.
Candidates seeking admission should have secured at least 50 per cent marks in any degree from a recognised university. Candidates should apply with their CAT ‘07/XAT ‘07/IIFT ‘07/MAT Sept. ‘7, Dec. ’07 score cards/registration numbers and MAT-Feb. ’08 hall ticket/registration numbers or valid GMAT score.
They can also appear for GIIB Entrance Test (GET ‘08) to be held on March 16 in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Visakhapatnam and Bhubaneswar.
Final selection will be based on aggregate of the best test score, and scores in essay writing, case analysis, Group Discussion and personal interview to be held from March 17 to 19 at the above centres. Brochure-cum-application form can be obtained for Rs.1,000 at IMS study centres. The last date for receipt of duly filled-in applications is February 20.
The two-year PG Diploma in Management (International Business) is a 116-credit, six trimester programme with focus on International Business covering courses on global supply chain management, global sourcing, EXIM management and International Marketing.
Candidates seeking admission should have secured at least 50 per cent marks in any degree from a recognised university. Candidates should apply with their CAT ‘07/XAT ‘07/IIFT ‘07/MAT Sept. ‘7, Dec. ’07 score cards/registration numbers and MAT-Feb. ’08 hall ticket/registration numbers or valid GMAT score.
They can also appear for GIIB Entrance Test (GET ‘08) to be held on March 16 in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Visakhapatnam and Bhubaneswar.
Final selection will be based on aggregate of the best test score, and scores in essay writing, case analysis, Group Discussion and personal interview to be held from March 17 to 19 at the above centres. Brochure-cum-application form can be obtained for Rs.1,000 at IMS study centres. The last date for receipt of duly filled-in applications is February 20.
Apr 24, 2008
Fighting inflation: A long-term view
The Reserve Bank’s decision raising the cash reserve ratio of the commercial banks by 0.5 per cent has to be welcomed as an essential measure in the ongoing fight against inflation. But, in itself, it is not adequate. The RBI also needs to make use of the statutory liquidity ratio, the other instrument available with it, with immediate effect. But the fight against inflation is a comprehensive process and every single element in the package is important. One has to recall the package of anti-inflationary measures applied by the government of India in 1974 with dramatic effect.
Interestingly, while most other areas of economics have undergone major changes in recent decades with sophisticated techniques and mathematically-oriented solutions, the area of inflation control has not changed beyond the days of the early economics classics. The basic principle that inflation occurs when too much of money chases fewer goods still remains the basis. This naturally means that money supply has to be strictly regulated and, second, the supply of goods has to be increased. The measures adopted by the RBI are surely the right steps in the direction of controlling the money supply. It will, no doubt, affect the liquidity of the banks, and through this the growth of some industries and the purchasing power of people at large. But these have to be accepted in the interest of the higher goal of bringing down inflation.
Some more steps also need to be taken. Interest rates must be given a second look. Then, the implementation of the government’s decision on the recommendations of the Sixth Pay Commission will imply the release of massive funds in the hands of the people. A part of it may be impounded through savings schemes and annuities. Once again, this will be unpopular with government employees, but should be accepted in the interest of reducing the cost of essential goods. Some restriction on dividend income may also be seriously considered, not on the lines of the ill-thought 1974 move of limiting dividend declarations, but by some other means by which part of the dividend income does not add to the purchasing power of the dividend receiver immediately.
But the real problem arises when we come to the supply side. There has been a global dimension of the increase of petroleum crude prices and many other essential commodities. Also, we have to give serious thought to bringing the rate of agricultural growth to the level it had reached several years ago and to give special importance to the growth of food crops. It is a matter of regret that a substantial number of farmers have, in recent years, given up foodgrains production and opted for growing cash crops which yield more money. There is no harm in paying farmers more for producing food crops. In fact, with our climate, where it is possible to produce some crops all the year round, India — unlike any Western country — has the potential to become a food grower for the entire world. But this option can only be explored after we have a second green revolution.
Attention should, therefore, be given to persuading farmers to grow good crops, to provide them with better seeds, better pesticides, and, above all, loans at easy rates of interest. Also, we need to give up our near-theological aversion to large-scale farming. Small farmers may be encouraged to join up for use of hired mechanical facilities such as tractors or harvesters. This will mean a considerable effort on the part of the administration, as well as those in politics and agricultural scientists. It is time for us to ask serious questions such as why India has been driven to the position of having to import pulses, an essential food crop and essential food for poorer sections, from overseas.
We have to evolve a strategy for reducing our dependence on petroleum. If global prices for crude petroleum have increased from less than $50 a barrel to nearly $120 per barrel in three years’ time and India has not been able to discover any domestic source of crude oil after the discovery of Bombay High during the early 1970s, common sense would indicate that we should have a strategy for reducing the use of imported petroleum. This would mean some very hard decisions like promoting inland waterways, the cheapest form of transport.
It was with this idea that we had promoted a new company — the Inland Water Navigation Corporation — years ago, but have now liquidated it because it was never tried seriously. We should return to that concept and try to promote inland water transportation in bulk in selected areas like, say, Kolkata to Allahabad, the waterways through Bangladesh to Assam and the northeastern states, the waterways that prevailed through the Buckingham Canal from Chennai to the South and perhaps improve the navigability of the Narmada and Tapti rivers. Also, we need to have more of hydel power and nuclear power, taking the emphasis away from petroleum-oriented thermal power.
This would also mean that we should not dismantle our traditional transportation systems in rural areas: cycle-rickshaw vans and bullock carts. They play a very important role in transportation in rural areas. These could be modernised. It will be foolish to replace them by motorised transportation which again means the use of imported oil.
While on the subject we should seriously think of demand management in sectors such as automobiles. India has today become one of the largest markets for automobiles in the world. This explains why nearly every automobile giant has constructed its own plant here. While the automobile industry is no doubt one of the biggest components of industrial growth, we should not shrink from some kind of demand management if only because we must in the long run aim at reducing the use of imported petroleum. These long-term measures will be of great importance in the ongoing fight against inflation. There are other short-term measures, such as banning futures trading in commodities and restricting the use of automobiles, as Singapore has done. Demand management and supply-side economics are both crucial in the war against inflation.
Dr Nitish Sengupta, an academic and an author, is a former Member of Parliament and a former secretary to the Government of India
Interestingly, while most other areas of economics have undergone major changes in recent decades with sophisticated techniques and mathematically-oriented solutions, the area of inflation control has not changed beyond the days of the early economics classics. The basic principle that inflation occurs when too much of money chases fewer goods still remains the basis. This naturally means that money supply has to be strictly regulated and, second, the supply of goods has to be increased. The measures adopted by the RBI are surely the right steps in the direction of controlling the money supply. It will, no doubt, affect the liquidity of the banks, and through this the growth of some industries and the purchasing power of people at large. But these have to be accepted in the interest of the higher goal of bringing down inflation.
Some more steps also need to be taken. Interest rates must be given a second look. Then, the implementation of the government’s decision on the recommendations of the Sixth Pay Commission will imply the release of massive funds in the hands of the people. A part of it may be impounded through savings schemes and annuities. Once again, this will be unpopular with government employees, but should be accepted in the interest of reducing the cost of essential goods. Some restriction on dividend income may also be seriously considered, not on the lines of the ill-thought 1974 move of limiting dividend declarations, but by some other means by which part of the dividend income does not add to the purchasing power of the dividend receiver immediately.
But the real problem arises when we come to the supply side. There has been a global dimension of the increase of petroleum crude prices and many other essential commodities. Also, we have to give serious thought to bringing the rate of agricultural growth to the level it had reached several years ago and to give special importance to the growth of food crops. It is a matter of regret that a substantial number of farmers have, in recent years, given up foodgrains production and opted for growing cash crops which yield more money. There is no harm in paying farmers more for producing food crops. In fact, with our climate, where it is possible to produce some crops all the year round, India — unlike any Western country — has the potential to become a food grower for the entire world. But this option can only be explored after we have a second green revolution.
Attention should, therefore, be given to persuading farmers to grow good crops, to provide them with better seeds, better pesticides, and, above all, loans at easy rates of interest. Also, we need to give up our near-theological aversion to large-scale farming. Small farmers may be encouraged to join up for use of hired mechanical facilities such as tractors or harvesters. This will mean a considerable effort on the part of the administration, as well as those in politics and agricultural scientists. It is time for us to ask serious questions such as why India has been driven to the position of having to import pulses, an essential food crop and essential food for poorer sections, from overseas.
We have to evolve a strategy for reducing our dependence on petroleum. If global prices for crude petroleum have increased from less than $50 a barrel to nearly $120 per barrel in three years’ time and India has not been able to discover any domestic source of crude oil after the discovery of Bombay High during the early 1970s, common sense would indicate that we should have a strategy for reducing the use of imported petroleum. This would mean some very hard decisions like promoting inland waterways, the cheapest form of transport.
It was with this idea that we had promoted a new company — the Inland Water Navigation Corporation — years ago, but have now liquidated it because it was never tried seriously. We should return to that concept and try to promote inland water transportation in bulk in selected areas like, say, Kolkata to Allahabad, the waterways through Bangladesh to Assam and the northeastern states, the waterways that prevailed through the Buckingham Canal from Chennai to the South and perhaps improve the navigability of the Narmada and Tapti rivers. Also, we need to have more of hydel power and nuclear power, taking the emphasis away from petroleum-oriented thermal power.
This would also mean that we should not dismantle our traditional transportation systems in rural areas: cycle-rickshaw vans and bullock carts. They play a very important role in transportation in rural areas. These could be modernised. It will be foolish to replace them by motorised transportation which again means the use of imported oil.
While on the subject we should seriously think of demand management in sectors such as automobiles. India has today become one of the largest markets for automobiles in the world. This explains why nearly every automobile giant has constructed its own plant here. While the automobile industry is no doubt one of the biggest components of industrial growth, we should not shrink from some kind of demand management if only because we must in the long run aim at reducing the use of imported petroleum. These long-term measures will be of great importance in the ongoing fight against inflation. There are other short-term measures, such as banning futures trading in commodities and restricting the use of automobiles, as Singapore has done. Demand management and supply-side economics are both crucial in the war against inflation.
Dr Nitish Sengupta, an academic and an author, is a former Member of Parliament and a former secretary to the Government of India
BBM,BBA Sale of applications
CMS opened its Admission process for 2008-09 year, BBM,BBA Programmes applications are for sale
Apr 16, 2008
Infy delivers despite US slowdown, Rupee rise
Software major Infosys has managed to deliver a strong result despite a slowing US economy and a strengthening rupee. The company recorded a net profit of Rs 4,659 crore for the year ended March ’08, up 20.8 per cent over the year before. The company has recorded consolidated sales of Rs 16,692 crore, up 20.1 per cent over FY07.
More worrying however, is the fact that the company has given a lower earnings forecast for the coming year. The number of people it proposes to hire has also come down. For the coming year, Infosys has projected a top-line growth of 19.2 per cent to 21.1 per cent while profits are projected to increase by 16.3 per cent to 18.3 per cent. The company expects to touch revenues of $5 billion in FY09.
"Infosys managed to meet the earnings forecast for last year despite taking a hit of Rs 1,000 crore due to unfavourable exchange rates," said Mr Apurv Shah, research head, Prabhudas Lilladhar. "The outlook is a mix of cautious optimism. For the next one or two quarters, project flow will be slower as there is greater scrutiny on expenses during a slow phase," he added.
Going forward, the company expects things to get back to normal in a few months time. "The company is confident about the operating environment. They feel that new projects could get delayed over the next 4 to 5 months, but there will be no project cancellations," said Mr Gaurang Shah, IT analyst with Asit C Mehta Securities.
Apart from a turnaround in the US economy, exchange rates are also expected to be stable in the current fiscal due to weaker capital markets. Infosys has declared a final dividend of Rs 7.25 per share and a special dividend of Rs 20 per share. Together with the interim dividend paid out, this takes the total payout by the company to Rs 33.25 per share.
More worrying however, is the fact that the company has given a lower earnings forecast for the coming year. The number of people it proposes to hire has also come down. For the coming year, Infosys has projected a top-line growth of 19.2 per cent to 21.1 per cent while profits are projected to increase by 16.3 per cent to 18.3 per cent. The company expects to touch revenues of $5 billion in FY09.
"Infosys managed to meet the earnings forecast for last year despite taking a hit of Rs 1,000 crore due to unfavourable exchange rates," said Mr Apurv Shah, research head, Prabhudas Lilladhar. "The outlook is a mix of cautious optimism. For the next one or two quarters, project flow will be slower as there is greater scrutiny on expenses during a slow phase," he added.
Going forward, the company expects things to get back to normal in a few months time. "The company is confident about the operating environment. They feel that new projects could get delayed over the next 4 to 5 months, but there will be no project cancellations," said Mr Gaurang Shah, IT analyst with Asit C Mehta Securities.
Apart from a turnaround in the US economy, exchange rates are also expected to be stable in the current fiscal due to weaker capital markets. Infosys has declared a final dividend of Rs 7.25 per share and a special dividend of Rs 20 per share. Together with the interim dividend paid out, this takes the total payout by the company to Rs 33.25 per share.
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