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FACULTY Speaks Jaipuria Lucknow

Dr. Kumar from Bond University, Australia conducts a workshop on Business Statistics and Big Data careers for Jaipuria, Lucknow students

At Jaipuria, we regularly get to interact with academic and business leaders from across the world. This gives students an international perspective to theirlearning and exposure to the ever-changing global business climate. On August 28th we got one such opportunity. Dr. Kuldeep Kumar, Professor in Economics and Statistics at Bond University, visited the Jaipuria Institute of Management’s Lucknow campus to conduct a workshop in his area of expertise – Business Statistics and Big Data.

As to why he chose statistics for a career, Dr. Kumar said it was the business application part of statistics that always excited him. So, he channels his knowledge and efforts towards business applications, such as data analysis and inter-disciplinary research variables study, to name a few. Before joining Bond University in 1993, Dr. Kumar taught at IIM and the National University of Singapore.

Dr. Kumar began by discussing how business statistics and big data are among the top professions in the world. To elaborate on how business statistics can help detect internal frauds, he used the example of Satyam.

He went on to discuss fraud, corruption, and bribery in India and how these can be eradicated. Later, Dr. Kumar took the time to speak to some students individually. While explaining complex concepts of the Golden Ratio, Fibonacci series, and Benford’s law, he also discussed how misleading advertisements are created by using simple applications of statistics.

Continuing from his discussion on internal fraud, Dr. Kumar said statistical models that incorporate big data analysis should be developed to help predict bankruptcy or fraud. Such information can then be forwarded to the Ministry of Finance, RBI, and relevant tax departments so that the necessary steps can be taken.

When teaching statistics to a class that also includes science, arts, and commerce graduates, Dr. Kumar said the best approach is to begin from the basics of mean, median and mode. Recalling the teaching method in Australia, he said that they use the “triple enforcement teaching technique”, wherein they first conduct lectures that are followed by lab sessions, before sending students out to collect data from their selected areas of interest.

Dr. Kumar wishes to see more students taking an interest in Big data and data analytics, as he predicts there will be a huge demand for professions in these fields in the near future.And, talking about his experience at Jaipuria, Dr. Kumar said he always enjoys interacting with students – especially when they’re attentive like the ones at Jaipuria. The session was informative in that helped build on the concepts students have been studying in class.

I think more information needs to be given on these four topics/sentences. With only one sentence for each, it seems incomplete.

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FACULTY Speaks Jaipuria Noida

Dr. Moid Uddin Ahmad from Jaipuria presents his research at the prestigious Singapore Economic Review Conference

Dr. Moid Uddin Ahmad, a faculty member at Jaipuria Institute of Management, Noida, recently presented his paper “How effective are the monetary policy changes made by the central bank” at the Singapore Economic Review Conference (SERC).The event is one of the most prestigious conferences in the area of economics and finance, and is held every two years in Singapore. Hosted by Nayanang Technical University (NTU), Singapore, the conference was held on August 5th- 7th and brought together leading names from the field.
The three day event held at the Hotel Mandarin Orchard had 20 expert talks, which included Prof. Euston Quah, NTU, Editor, SER, Mr. Ravi Menon, Governor, Monetary Authority of Singapore, and noted names from Harvard, Cambridge, and Stanford Universities. 250 papers from several South Asian and South East Asian countries, as well as from Australia, New Zealand, Germany and Switzerland, were presented during the conference.

Dr. Ahmad called the event an enriching experience. “This kind of international exposure is critical for academicians and researchers as we are exposed to latest trends in methodology and functional areas,” he elaborated. “You can also learn best practices and collaborate with likeminded people for teaching and research.”

Dr. Ahmad is also the author of the acclaimed book An Uncommon Life and is known for his research in the field of Finance. The paper that he presented at the SERC further bolstered his credentials as it focused on the role of the Reserve Bank of India, or any central bank, in ensuring economic stability in the country. Central Banks use Cash Reserve Ratio and interest rates, like Repo rates, to control liquidity and inflation in the country. But these measures have to be verified and the research, which is a part of a working paper on the theme, strives to test and verify the effectiveness of the changes in monetary and policy rates on the desired critical variables.

If you ask Dr. Ahmad about the paper, he says, “Quite simply, the research aims to offer inputs to decision makers in formulating policies, and contribute to the existing literature on the subject.” While presenting at a conference of this stature was no mean feat, Dr. Ahmad was more upbeat about his experience: “The plenary sessions with professors from top schools across the globe were informative. The session with the Editors of top journals was definitely one of the highlights for me.”

Dr. Ahmad’s achievement is also a proud moment for Jaipuria Institute of Management, which has always supported research activities amongst its faculty members and students. In fact, the institute has several faculty members with a strong research base, which works to the students’ advantage. Dr. Ahmad has the last word on the subject, saying, “Students are motivated and encouraged when they see their faculty members gain international exposure. They are very interested in experience sharing and it boosts their confidence, as well”.

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Blog Jaipuria Jaipur

A workshop on ‘learning beyond the classroom’ conducted at Jaipuria Jaipur by Industry expert Dr. Rupande Padaki

By Samreen Monga and Nimisha Kothari

Dr. Rupande Padaki, Director, The P&P Group, and Trustee at India Care Foundation, conducted an insightful workshop for Jaipuria students on the importance of focusing on learning beyond the classroom and through unstructured learning experiences.

This workshop was part of several others that the institute organizes throughout the year to offer varied exposure to students and groom them into well rounded individuals.

Dr. Prabhat Pankaj, a leading expert in the area of HRM & Operations and Director of the institute, started the proceedings by talking about the importance of learning beyond the classroom: “Too much structured learning is not a sign of healthy learning. There has to be effective learning apart from a structured learning; structured learning prepares a student for a job, whereas unstructured learning prepares a student for life.” With his impactful speech he set the tone for the special guest session and handed the dais over to Dr. Padaki.

In a bid to make things interesting and relevant for students, Dr. Padaki kept her talk interactive and focused on learnings in the field of management. She highlighted the example of IIMs and how only 50% of students get the job of their choice because of a lack of skills. “The growth of business houses has led to need for transformation from home business managers to professional managers,” she explained. “Cross border business in India is growing and people are supposed to work in different time zones, which require innovative learning methods.”

According to Dr. Padaki, some of the important aspects of learning that B Schools should focus on include integration into the needs of the industry, high quality skill sets for leadership roles, improvement in communication skills, and analytical and reasoning abilities. “Classroom learning is important but not sufficient. Learning should be of concepts, theories, framework and basic foundations, which have to be remembered through one’s life,” she continued. “Alternative learning methods have shown promising results.”

Dr. Padaki also talked about the type of exposure that should be on three levels. While the first level is of self-learning, level two is comprised of interpersonal skills, and the third level is about interacting with teams, groups and society. She then encouraged students to build a life kit that can help them achieve their goals.

As the talk came to an end, the students were made to take part in activities that had important lessons for them. First, the ‘Obituary Exercise’ required them to write how they should be remembered in their lives. It was a fun, yet thought provoking activity for Jaipuria student Benett, who said, “I am now looking forward to making my life worth it so that people remember me for good after my death.”

The other activity taught students all about teamwork and made its mark amongs students like Vandita who added, “Sessions like these really add to our classroom learning.” And that was the general consensus amongs the students who were going back home enlightened after the session and looking for “a life beyond the pines”.

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Blog Jaipuria Featured Stories Jaipuria Noida Events

H.E. Major General V. Namgyel, Ambassador of Bhutan to India, delivers an eye opening lecture and stresses on the importance of educational exchanges.

Aug 20, 2015: It was a special moment for students of Jaipuria, Noida as their institute invited H.E. Major General V. Namgyel, Ambassador of Bhutan to India, to come and interact with students and faculty.

Bhutan, known for following the Gross Happiness Index as a substitute to Gross Domestic Products, is a subject of study for a lot of policy makers, as it is taking a different approach to measure the well-being of its citizens. The concept looks at non-economic measures for the overall happiness of the nation and its citizens.

So, aptly, the special guest delivered a talk on “Political Changes in Bhutan and Indo-Bhutan Relations with Reference to Gross Happiness Index & its relation with Education”.

He started by talking about the strategic geographical position of Bhutan as it is bordered by China to the North and India to the West. He also shed light on the social and political fabric of the country and its transition from an absolute monarchy to a constitutional monarchy. Elaborating on the much talked about GNH, he said, “Gross National Happiness (GNH) was coined as a signal of commitment to building an economy that would serve Bhutan’s culture based on spiritual values and its four development pillars.”

The Ambassador also reminded the audience of the long standing relationship the two countries shared, beginning with Prime Minister Pt. Jawahar Lal Nehru and continuing to Mr. Narendra Modi. According to Gen. Namgyel, Mr. Modi’s visit focussed on the regular high-level exchanges, which were required to nurture the bilateral relations and economic cooperation between the two countries. He then graciously invited the participants to his country. He was also appreciative of Director, Dr. Rajiv Thakur’s proposal of educational exchanges, which he believed were imperative for the bilateral bond.

Thus, the highly engaging session came to an end, but not before the Ambassador had answered all the queries the participants had for him. The event concluded with High Tea as the students had an opportunity to mingle with the esteemed guests. It turned out to be an eye opening session as Pratishtha Singh, student of batch 2015-17 put it, “There is so little we know about our neighbouring countries. It’s fascinating that Bhutan measures prosperity in terms of gross national happiness (GNH) and the spiritual, physical, social and environmental health of its citizens.” And that was just one of the revelations of the day for the students.

The event was attended by several big senior leadership from Jaipuria and Royal Bhutanese Embassy, including Mr. Shreevats Jaipuria, Vice Chairman; Mr. Norbu, Counselor (Political) at Royal Bhutanese Embassy; Dr. H. Halve, Director, Jaipuria Indore; Dr. Prabhat Pankaj, Director, Jaipuria, Jaipur; and Dr. M. A. Rizvi, Director, Jaipuria, Lucknow.

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