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Gearing up for the Flagship Event of Samarthan - Lakshmi Bal Mahotsav (LBM)
LBM was started in 2008 in memory of our beloved senior Lakshmi Iyer Appu, a socially responsible person and an outstanding student of IFMR's PGDM Batch of 2008-10. As part of the event, we organize educational activities, party events which include games, music, dancing, friendly competitions, gifts, arrange for food and provide lots of personal love and care.
Childhood should be carefree playing in the sun, not living a nightmare in the darkness of the soul therefore; the sole purpose of the event is to bring smiles to the faces of the underprivileged children.
The event is very special to each one of us at IFMR and all of us are busy doing our bit to contribute to the event and make it a grand success
Eagerly waiting for Jan 5th - To begin the year with a good deed indeed !!
23/12/2013 - Guest lecture on "Core Banking - Trends & opportunities" by Mr. Venkataramana R, Principal consultant, FSI, Infosys
IFMR so far:
It's been a long time since I had posted in PG. It's going to be a really long post since I have loads to share about my experiences at IFMR
It's been six months since joining the elite course at one of the best B-schools in India and it's time to reflect on what's happened so far
After 3 years of working in Wipro I was too excited to get back to studies and wanted to make use of the 2 years to the maximum. Being offered a seat in GIM, TAPMI, LIBA and IFMR I chose IFMR over the others and I'm pretty sure my decision was right. For the past six months IFMR has become my second home. Be it the hectic schedules, guest lectures, presentations, committee works, quizzes it has been a roller coaster ride full of fun and asking us to want for more and more. The experience is unique and one which I've never experienced in the past. Though I have 3 years of experience, I was dumbstruck initially by the knowledge and enthusiasm of freshers. I was wrong that work ex people had an edge over the freshers. It entirely depends on the interest each one has towards learning.
For anyone entering the seeing the campus for the first time, it surely would look small and not attractive. But this very campus has been to our advantage since we can easily bump into our seniors and staffs and paves the way for constant interaction with them. On the hindsight there arises a question as to whether a bigger campus is really needed?
The best part about IFMR is the different student committees and some of the wonderful work they do.
“All work and no play make Jack a dull boy” – Laasya, the cultural committee of IFMR made sure we had ample fun even in the first week of joining college. There were some awesome performances during the Annual dinner which left us wanting for more and kept us guessing as to what was in store for the fresher's party!!!
The big day for the Fresher's arrived and there was pure fun at Dee Cee Manor, which saw a host of performances from the juniors and seniors.
After having all the fun at Fresher's it was time for us to wear the “Social Service” hat. IFMR's special social service club – Samarthan joined hands with Chennai Trekking Club in the big event Chennai Coastal Clean-up 4. The event was all about helping to clean 15 Kms of the beach from Marina till Injambakkam. The event was a great success and IFMRians did our best to collect as much waste as we could.
This was followed by the touching act of Samarthan towards the flood victims of Uttarkhand. Materials, monetary contributions were collected to reach out to the victims.
When we were just beginning to relax and get comfortable, the real test began. Surprise quizzes, mid-terms, hectic schedules, presentations kept us always on our toe and kept us guessing for what more was in store. This was accompanied with the selection of Batch '14 members for various committees. There was intense competition for each and every club and I'm sure the seniors had a very tough time in selection process!!
For the first time in IFMR, Gully Cricket tournament was conducted. It was all about combining the fun of cricket and the thrill of betting!!
Like adding feather to the cap, for the first time the twin clubs – “Speakers” and “Traders” clubs were formed in IFMR. It would not have been possible without the efforts taken by Batch'14's very own charismatic “Ashwath Krishna” and the trader “Rahul Malhotra”!! Kudos to both of them for such a wonderful initiative!!
Come August and there was freedom in the air. With students from the different states of the country, I felt this was the best Independence Day ever celebrated!! There were a host of events from Face painting competition, Independence Day special quiz, Special screening of the evergreen movie Rang De Basanti organized so well by our very own Student Welfare Committee.
September and October months were full of fun with some interesting events lined up. The sports club “B Sportive” organized the gaming event “LAN Quest”, Badminton tournament “SMASH” which made all of us practice like Saina Nehwal's
Diwali was the best time for hostelites, with the much awaited ten day long break a Dhandiya night just before the holidays was just perfect for the celebration mood to set in!!
When different clubs were showing their mettle, can the Flagship committee of IFMR, the Arthasabha be far behind?? Arthasabha, the Finance committee conducted “The Thingamajig Bazaar” a strategic event where buyers/sellers of a fictitious commodity (Thingamajig) need to use their best strategy to maximize their profits. The contest was pure fun and had some enthusiastic participation.
From my post, it might seem to be like it is all fun and games. But there is totally an opposite side of this where last minute group works, power naps, late night/early morning preparations, presentations; guest lectures are part of everyday routine.
It's hard to believe that already two trimesters are over and I'm in my third. Looking forward to some great learning and unlimited fun in the coming years
Refreshing up the busy MBA life : Fresher's Party
With the onset of month of August, IFMR batch 14 students geared up not for the celebration of the 67th Indian Independence Day but for the most fantabulous & spicy day of their lives- “The Fresher's Party”.
The fortnight before the D-day passed with the mornings & evenings filled with lots of discussions on the “To-be happening stage performances.” With the day round the corner, the rehearsals began to take up the pace.
On 14th day of August, IFMR cordially invited its newly joined batch for the fresher's party. Around late evening, the rock & roll show began with pumping energy. The theme of the party was “The Mask”. The environment was filled with exuberance. It started off well with the guys humming (like male-bees) around the gorgeous ladies followed by photography sessions in every nook & corner of the hall. The show had plethora of performances lined up for the audience. The league of events started off with the-only hilarious act of the day: the Kanthamadi Mad-ad. The act brought kudos to the team & audience enjoyed the light hearted event. Following it were several mellifluous & soothing performances by the great students cum singers. Talking about the dance performances, it appeared to be tie between both girls and boys as both dragged the same level of applause from dear audience. The sumptuous & relishing delicacies made the hungry crowd appreciate the performances all the more. Then there came the most anticipated and awaited event of the evening, Race for Mr. & Ms. Fresher. Several contestants were tested on quick-wittiness & other parameters by the jury. Finally results announced were :
Mr. Fresher- Sourav Kamilya
Ms. Fresher- Monica Mishra
The crown was awarded to the winners by Mr. & Ms. Fresher of 2013 batch. The DJ turned on sassy mind numbing favorite tunes of the audience. Be it regional songs, flashy tunes or Punjabi mix , the stage soon acted as a magnet to the dancers who were inseparable from the it.
The show reached it final end with the slogans of patriotism being voiced from mouth of every IFMR-ite and therefore the party in a matter of moments turned into a patriotic meeting after midnight. But in the end, the party can be described as “refresher & full of masti- oozer”.
Seminar on Monetary transmission in Low-Income Countries: Effectiveness and Policy Implications
By Ms. Prachi Mishra, Senior economist, Economic Advisory Council to PM of India (On leave from IMF)
10.09.2012, IFMR, Chennai
Monetary transmission mechanism describes how policy-induced changes in the nominal money stock or the short-term nominal interest rate impact real variables such as aggregate output and employment. This was the topic of a seminar given at the IFMR Business School by eminent economist Ms. Prachi Mishra. The seminar was attended by the president of IFMR, faculty members, Ph.D. scholars and both first and second year MBA students. The salient points of the talk were description of characteristics of an ideal monetary transmission mechanism and the pre-conditions required for the development of the same based on what is prevalent in advanced economies, various channels of such transmission and how these differ across developed and developing countries, and common features of a relatively weak transmission mechanism across low income economies. An ideal monetary transmission mechanism is based on the effective functioning of six channels namely short term interbank interest rate, bank lending, exchange rate, long term interest rate, asset and balance sheet. Some of the pre-conditions for development of these transmission channels include strong institutional environment and well defined property rights, independence of the central bank, liquidity of government securities and term structure of interest rates, high international capital mobility, a floating exchange rate and well-developed securities markets. Through a series of econometric evidence, it was empirically shown that compared to advanced economies, developing and low income countries substantially lag behind in several of these pre-conditions such as exchange rate flexibility, degree of financial integration, banking sector competitiveness, central bank credibility, and financial depth. A simple model was used to demonstrate that in conditions of uncertainty such as those characterizing developing and low-income economies, pursuing aggressive monetary policy may not be suitable, though it may be beneficial in economies with much less uncertainties, such as the developed countries. In this context, desirability of an inflation targeting framework, foreign exchange interventions to stabilize the exchange rate as well as prudence of capital account restrictions in developing and low income countries were discussed at length through active participation from the faculty members and students. The seminar concluded with the implication that while the existing monetary transmission models may work for advanced economies, the same may not be suitable for developing countries and hence there is a need to rethink the way monetary policies are implemented in these countries.
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