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Students of Jaipuria Institute of Management, Indore make the most of the Finance Conclave 2012

The Finance Conclave – which is the flagship event of the Finance and Economics club of Jaipuria Institute of Management, Indore – was organized on the 3rd of November 2012. The topic for the one-day conclave was ‘A Rendezvous with FMFM: Fast Moving Financial Market’, and was prominently divided into two technical sessions. From welcoming the guests, to anchoring the sessions, to proposing the vote of thanks, the conclave was entirely anchored and managed by the students of Jaipuria Institute of Management, Indore.

In his welcome speech, Dr. J. P. Upadhyaya (Director, Jaipuria Institute of Management, Indore) set the agenda for the brainstorming by eminent corporate personalities and noted academicians of the country. Stressing the importance of the plethora of financial products available in the market, he dwelt on their pros and cons, and suggested that the conclave deal with these issues. He advised the students of Jaipuria Indore to make the most of the collective wisdom of the stalwarts of industry.

This paved way for the first Technical Sessions, which had a select panel consisting of Mr. Amber Arondekar, MD- Power Train corporation and Mr. A. Shreenivas, Regional In-Charge, SIDBI. Interestingly, both Technical Sessions scheduled for the day were preceded by a role-play by the students of Jaipuria Indore. This format was widely appreciated by the panelists, as it helped them understand the objectives and expectations from the discussions. The sessions were organized in an open-house discussion format, which went down very well with the students of Jaipuria Indore.

“The key is to bring back the numerous parallel economies to the mainstream and foster transparency and uncorrupt conduct at every stage – starting from an individual,” observed Mr. Amber Arondekar, who spoke with great insight on Global Financial Markets. “It is not the methods of managing the economy, but the ones who are handling it, who are responsible for the miserable situation. The tools of Monetary and Fiscal Policy are to be executed with very special care with a watch being kept on going to extremes. This is where economies like the Euro Zone and US are going wrong and the result is global turmoil in the entire financial sector. India is no exception when it comes to large fiscal deficit and the growth of a parallel economy.”

To supplement his points, Mr. Arondekar made effective use of data and statistics, to showwith shocking clarity the mammoth size of the EuroZone crisis and the role of PIIGS nations, especially Greece.

Speaking on the Financial Market in the context of SMEs, Mr. A. Sreenivas painted a picture of the process through which his organisation – SIDBI – supports SMEs as well as start-ups through direct financing, refinancing, consultancy, guaranteeing, technical know-how, rating services and many more. He elaborated on the gaps in the financial market related to small-scale industries, as well as the numerous benefits of SMEs and how they contribute to economic stability. He also shared what organisations like SIDBI look for before approving a project for funding, and gave various tips to the future entrepreneurs of Jaipuria Indore, for them to use in their own start-ups.

The panelists for the second Technical Session were Mr. Rajendra Goyal, CA and Mr. B.J. Rao, Branch Head, Central Bank of India. Speaking on Capital Markets, Mr. Goyal’s was an in-depth session, dwelling on how an investor thinks and acts before investing.

For his part, Mr. B.J. Rao presented the nitty-gritty of the currentfinancial market from the perspective of commercial banking. The session was highly interactive, with youngsters of Jaipuria Indore showing a keen interest in how the entire banking channel operates. Various simple bank transactions were demystified, and a clearer understanding of the moves made by RBI and commercial banks emerged. Mr. Rao helped the Jaipuria Indore students understand how fiscal measures and monetary measures may differ – referring to the recent CRR cut – and how these changes influence the fast-moving and changing financial market.

The conclave was an opportunity for youngsters of Jaipuria Institute of Management, Indore to get a finger on the pulse of industry, and they made the most of it.

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Jaipuria Indore STUDENT Speaks

“After having interacted with a number of industry stalwarts in various conferences at Jaipuria Indore, i have begun to understand how professionals and businessmen think.”

One look at Abhishek Pratap Singh – a first year student at Jaipuria Institute of Management, Indore – and you know that he is a sportsman. With over 38 ‘Man-of-the-Match’ awards at the Under-17 level, Abhishek has played cricket for Uttar Pradesh at the national level and has had the honour of being a part of the Republic Day parade. Abhishek credits his family’s army background and army school education for his discipline, dedication and ability to work hard.

“I joined Jaipuria Indore with the aim of being a part of a prominent MNC. My ultimate ambition is to start my own apparel designing business and be a prominent business personality. I selected Jaipuria Indore because I believe that it can help me fulfill my ambitions. Jaipuria Institute of Management has a wide range of academic disciplines, trains you to multi-task and provides lot of opportunities. It offers a course that is especially relevant for future entrepreneurs.”

Abhishek is quite active on the extracurricular front… and not just in the sports field.

“Jaipuria Institute of Management has helped me discover a side to myself that I never knew existed. I recently won the runner-up award in the ‘Rocket Singh’ competition, which is a hard-core salesman’s competition. I have been representing Jaipuria Indore in management games and business quizzes all over the country.”

Abhishek believes that Jaipuria has given him a lot, and changed him in many ways.

“I have begun to understand how professionals and businessmen think. I learnt a lot from all the speakers at the ‘Demystifying the Budget 2012-13’ conclave at Jaipuria Indore recently. The thoughts of Mr. Arif Shaikh, CEO, Entertainment World Development, were especially impressive.”

Abhishek believes that the seniors at Jaipuria Institute of Management, Indore have helped him immensely – not just in understanding the finer points of the curriculum, but also at a personal level.

“I am really thankful to Anmol Mathur and Himanshu for their support. I am eternally grateful to them for being such great seniors. The faculty members at Jaipuria Institute of Management, Indore are amongst the best I have ever seen. They are masters of their fields. Each and every faculty member works hard to develop our skills, leaving nothing to chance. They are loving and caring.”

Abhishek concedes that his ambitions and expectations of himself were not always as high as they are now. He points out that it is not just about having confidence in oneself, but also in the institute one comes from. In this regard, he is positive that Jaipuria Indore will give the right direction to his career.

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