Workshop conducted on Financial Literacy, Computer Literacy

A workshop was conducted by the Banking Association of the Department of Business Administration on, "Financial LiteracyComputer Literacy” for the students of Government Higher Primary School, Ammunje village, Bantwal taluk.

Forty-seven students and three faculty members of the Banking Association conducted the workshop for the students of standard VI and VII on various schemes run by the banks, various methods of banking transactions and the precautions to be taken while undertaking banking transactions. The students also guided them on the basics of computer operations. The Association conducted various activities for the students of the school and distributed prizes and study materials. The activity was organised with the help of our Trustee, Shri. Devadas Hegde, an alumnus of the school. The school administration applauded the efforts of the teams’ overwhelming gesture towards the children who are deprived of some of the basic amenities. The Headmaster thanked the entire Team Sahyadri for bringing smiles on the faces of the young school children. It was a memorable experience for the final year banking students which they would cherish all their lives.

Panel Discussion on Union Budget2016-17

A Panel Discussion on the Union Budget 2016-17 was held in the campus in collaboration with Kanara Chamber of Commerce & Industry, Mangalore. G. V. Joshi, professor of economics, Justice K.S. Hegde Institute of Management, Rammohan Pai Maroor, president, Kanara Chamber of Commerce & Industry, Mangalore, Mahesh Chandra Alva, regional training manager-south, HDFC Bank Ltd, Bangalore, Agnish A, team leader, Oracle Financial Services, Bangalore and Kiran Vasanth, chartered accountant, Mangalore were the resource persons.

A P Achar, director, department of business administration, welcomed the gathering and shared the relevance of conducting events of this nature that make students aware of the tax regime which affects their day-to-day life.

Mahesh Chandra Alva in his overview of the UnionBudget 2016-17 acclaimed that this is one of the bestbudgets so far as the government has looked at the macro angle and we can foresee the Indian economy growing at a faster pace. This budget will give impetus for better growth.

Rammohan Pai, in his talk regarding Public Expenditure highlighted the nine pillars outlined by Arun Jaitley, finance minister of India. He also stated that the rich, middle class and the poor have equally benefitted from this budget.

Agnish A, in his speech regarding stock market mentioned that this budget was a ‘Robin HoodBudget’ – pulling money from the luxury class and investing in the rural class. This budget will attract FDI in the agriculture sector.

Kiran Vasanth, talking on Public Revenue emphasized that the scenario is not good globally and most of the countries are losing, however India is comparatively still better. He highlighted certain cosmetic changes made in the tax structure and the reforms brought about in the budget shall inculcate the saving habits amongst the youngsters. He is of the opinion that tax disputes will be settled more quickly and corrupt practices will be majorly reduced. He concluded saying – ‘This budget has injected us with the right spirit’.

G V Joshi moderated the panel discussion and during the course of the question and answer session he highlighted that the manufacturing sector should grow which will create jobs for youth in other sectors as well. He concluded stating that – ‘No single centralbudget can meet expectations of everyone and we cannot expect miracle, but should be realistic”.

Panel Discussion on “Karnataka StateBudget 2016-17”

Panel Discussion on “Karnataka State Budget 2016-17” was organized by the Department of Business Administration. Prof. Premalatha Pai, HOD – Economics, SVS College, Bantwal, Mr. Badruddin Azman, an Industrialist, Belthangady & Mr. Santhosh Prabhu, Practicing Lawyer, Udupi were the resource persons for the programme.

Dr. Vishal Samartha, Director, Department of Business Administration welcomed the gathering and gave a glimpse of our institution & the department. Mr. Raghavendra Prabhu, Assistant Professor, Department of Business Administration, shared the relevance of ‘State Budget session’ to the students as they would step into the corporate field very soon and would be beneficial to them from the point of Tax, Savings, Loan and also to support their parents with the knowledge they have on the budget.

Prof. Premalatha Pai in her session on ‘Impact ofBudget on Agriculture & Industry’ mentioned that Union Budget holds greater value than State Budget. She appreciated our Chief Minister, that this time; he has totally delinked himself from AHINDA schemes but focused on other sectors which need utmost attention. She valued the intentions of the budget to make all the Bhagya schemes a reality now which shall turn out to be Sowbhagya’s for the state, however every action plan is effective only when it is time-bound. She was of the opinion that Agriculture has not been given as much importance as it needs to be given. Industry sector has been given still lesser importance and budget allocation. Priority was given to Education, Water resources and Rural Development. She concluded her session by stating that focus should have been on the challenges related to Power shortage, maintenance of Water Canals, Agriculture and Industry. However the intention of thebudget looked like ‘Sabka Saath, Sabka Vikas’ – Too many schemes for development, but less budget has been allocated for each scheme.

Mr. Badruddin Azman in his session on ‘Impact ofBudget on Education’ appreciated the management for organizing an event of such nature since in few months, students would be attending interviews and knowledge of the candidates shall be tested on the awareness they have about issues related to the state and the nation. He acclaimed the encouragement given to increase the number of hostels for students of backward class and Morarji Desai Schools. IT in school concept has been motivated profoundly. He appreciated the stimulation given to government schools related to ‘Lab in Box’ concept wherein students shall have major exposure to science related matters. He brought into light the award announced for the toppers - 500 students of SSLC and PUC of Rs. 10,000 and Rs. 20,000 respectively. He concluded the session by mentioning of the support given to Incubation Centers in Management & Technical Institutes.

Mr. Santhosh Prabhu in his session on ‘Tax proposals in Budget’ mentioned that there is no much scope for taxes in state government as the tax powers are vested with the union government. Value Added Tax is the major source of revenue which contributes to 61% and then the State Excise Duty which is increased on Alcohol. He stressed on the initiative taken by the state of honoring the honest payers of Value Added Tax. He concluded the session by stating that a person cannot avoid two things – Tax and Death. Death is certain and Tax cannot be avoided.

The forum was then open for Question & Answer session which was an interactive session that allowed enthusiastic students to clear their doubts and share their views on the State Budget 2016.

Mr. Santhosh Prabhu Addresses MBA Students on Intellectual Property Law

Mr. Santhosh Prabhu, advocate, addressed the second semester MBA students on “Intellectual Property Law.” In his lecture he explained the concept of intellectual property and the subject matter of intellectual property which includes literary and other works like inventions designs trademarks computer programs, etc. He also gave a brief history of Patent Law and the Indian Patent Act 1970. He explained the meaning of inventions and their salient features and the meaning of patent. Further, he elaborated on the administration of the patent system in India and the procedure for grant of patent which involves various steps from filling an application for a patent to grant and scaling of patent.

Corporate Guest Lecture on “Trading in Stock Market”

A corporate guest lecture on “Trading in Stock Market” was organized by the department of business administration. Mr.Santhosh, Relationship Manager, Way to Wealth Brokers Pvt Ltd was the resource person.

During the interactive session, he spoke on history of stock market, basics of financial markets, methods of investing in the equity and derivative markets in India, practical challenges of intra-day trading, Demat account opening procedures etc. He motivated the students to start trading as it would be the best secondary source of income against an uncertain future. Forty four students of final year Core Finance and Marketing & Finance Specialization attended the lecture.