Prerna Full n Final Edition

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In

today’s businessworld,

information technology is playing

a significant role in managing the

business. It looks like the

technology is a heart of any

business such as retail business,

banking sector, courier industry

etc. It not only saves time but

allows implementing innovative

ideas to improve the business

productivity.

The ideas like cloud computing,

pervasive computing is being

implemented and business are

reaping the benefit of it. Today

business is ready to offer services

to their customer at the tip of the

finger. It’s a win-win situation for

customer and business both.

You look at the financial

institution who is offering

services through internet. It is

very much convenient for the

customer to perform the financial

transaction irrespective of the

location. Railway reservation

system is another example where

earlier people were spending lot

of time to book the tickets. Now

it is very much easy to book the

tickets. There are so many

examples which show how

information technology simplifies

our life.

Technology also has an impact onthe social life. Interaction and

meeting people virtually is a

common thing in today’s life. You

can share your idea/views with

the masses and can be reached

easily. Facebook, orkut linkedin

and twitter are some of the social

meeting point over the internet.

- Chandrashekhar

Ingle

SICCI and IBS®

Pune, India have decided to enter into a co-operative relationship for the general purpose of

promoting opportunities to carry out activities that are mutually beneficial to SICCI and IBS®

Pune, India.The parties hereby agree that:

The SICCI will assist IBS®

Pune, India, in the areas of:

Organizing visits for:

- Business & Trade Delegation, Management executives & Students as well as faculty.

Invite experts from IBS, where appropriate, to participate as speakers, panel members and/or

chair, delegates, participants in seminars and events at SICCI.

The IBS®

Pune, India will assist SICCI in the areas of:

Organizing visits for :

- Business and trade delegations

Organizing attachment / internship programme for Singaporean students.

Offering consultancy to the members of SICCI in the areas of :- Strategic management, business & management audit

- Growth, revival and diversification

- Mergers & acquisitions

- Identify opportunities to promote trade between Singapore and India.

- Undertake feasibility studies, market research in India

- Innovation management

- Supply Chain Management

Inviting experts from SICCI, where appropriate, to participate as speakers, panel members

and/or chairpersons at seminars and events at IBS®

Pune, India.

Inviting members of SICCI for national and international events and seminars in India.

“ When the mirror of life gets dirty with the fog of reality, Just

try wiping it with your faith,

You will see clear reflection of your dreams once again”

Let me also take this opportunity to welcome the students of the batch of 2012 who have commenced theirsecond year of the two year’s management program. I wish the students of batch of 2012 and 2013 all thebest in their studies. Particularly let me extend the best wishes for batch of 2012 for excellent placements. Iwould also like to wish all the faculty and staff a very happy new year, i.e, academic year.

We are beginning the new year on a buoyant mood on account of the following developments which havetaken place in the recent past :

Acquisition of land near Wakad for campus of IBS Pune

Placements of the batch of 2011 have been very good.

IBS Pune continues to register international placements for the fourth year in a row.

MoU signed with Macquarie University, Sydney, Australia by IBS Pune

MoU signed with SICCI (Singapore Indian Chamber of Commerce and Industry) by IBS Pune

MoU signed with FIU (Florida International University) .

LG has offered a scholarship of Rs. 36,000/- and a gold medal to Omkar Avhad, a student of class of 2011. For the past three years in a row, LG has offered such a scholarship to our students.

Three of our faculty members namely, Prof. Pravin Patil, Prof. Abhilas Pradhan and Prof. Ashwini Sovani have completed their Ph.D research work. Please join me in congratulating them.

The academic year 2011-12 will have regular academic sessions, extra curricular activities, events andseminars. In all these activities, whole-hearted participation of students is absolutely essential.

Once again, all the best wishes for an exciting academic year and a bright career and future.

------------------

cccccciiu.

s

GOGREEN Prera

na Volume -1

April-June 2011

www.ibsindia.org

From Director’s Desk

Faculty of Business &

Economics of MacquarieUniversity, Sydney,

Australia and IBS Pune has

signed an MoU

(Memorandum of

Understanding) for the

following purpose :

· Exchange of staff,

academic materials and

information

· Joint research

activities

· Joint conference and

other academic meetings

· PhD Co-supervision

The MoU has been signed

by the Vice Chancellor

Professor Steven Schwartz

on behalf of Macquarie

University and I have

signed on behalf of IBS

Pune.

Information Technology Expert’s View

MoU with MacquarieUniversity

MoU with SICCI (Singapore Indian Chamber of Commerce and Industry)

In this issue:

MOU Macquarie

MOU SICCI

SIP experience

Zeal

Yes Finance

Minister

Smarter Wealth

Creation

NSMQ(AIMA)

IBS Placements

Rotaract Events

LG Award

Dewang Mehta

Awards

Best Faculty

Award

U.K Scholarship

S.A.P

Student’s Insight

Every coin has two sides.Similarly information technology

has its own advantage as well as

disadvantages. One has to decide

how to make use of it for their

personal or professional purpose

so that they would get benefit

and make their life easy .

“ I am happy to know that the first issue of e-newsletter

“ Prerana” will be released on 8th

July 2011 when a special

inaugural address is arranged for the batch of 2013. An

expert in the field of management Mr. Aalok Pandit will

deliver the inaugural address. I am happy to formally

welcome the batch of 2013”.

http://www.ibsindia.org/





OBJECTIVES OF SIP INCLUDE:

1. To provide students with opportunities

to apply the concepts learnt in the

classroom to real life situations.

2. To sensitize students to the nuances of

a work place by assigning time bound

projects in a company.

3. To provide students a platform to net

work which will be useful to improve

their career prospects

The Summer Internship Program (SIP) is meant to bridge the gap between

real-life business and academic institutions. It is a simulation of the business

environment and enables students to experience the rigors of a business

organization.

The SIP emphasizes faculty supervision during the project and the

evaluation of the students at the work center with the active involvement

of the senior management. These efforts have strengthened the closeindustry relationship at academic center and have also paved the way for pre-

placement offers to the students.

STUDENT’S EXPERIENCE

SIP was a great experience and an opportunity which gave me exposure to the practical side of

corporate world. Learning the theoretical concepts and applying it to real life situation is what I

got to learn during my SIP at PUNE STOCK EXCHANGE.

-- Harshad Kulkarni

(Batch 2010-12)

SIP was an experience full of challenges and obstacles which introduced me to the corporate

life as an intern of ONGC. But at the same time it also taught me to overcome all the hurdles,prepared me to face the challenges and achieve the desired goal. I am really thankful to IBS

Pune for giving me this opportunity.

--Piyush Saini

(Batch 2010-12)

I got to work on a more diverse range of work than what I expected before joining the SummerInternship Program. My SIP with “Somharsh Enterprise “was fun and learn experience for me

which also gave me a fair idea about how to prepare myself for the future.

--Dhananjay Singh

(Batch 2010-12)

MCL is indeed one the best organizations to work for. My project brought me in touch with

people from many departments which gave me an opportunity to interact with people of

incredible talent and enthusiasm.

--Arjun Dange

(Batch 2010-12)

The Internship with IDBI CAPITAL, in its Commercial Relationship Banking division, was a

wonderful experience. Every day came with new challenges as well as opportunities to out-

perform myself

--Arpit Agarwal

(Batch 2010-12)

SIP-Exposure to the Real

World



To secure our present & our Future we need to visit the past; Contemplating on this idea, the theme for Zeal 2011 was

PRADAKSHINA’ -

Back to the FUTURE’

‘Climate Change’ is one of the biggestconcerns for mankind, ZEAL 2011 intendsto spread awareness with its ‘Go Green’

concept!

ZEAL is a signature event of IBS Pune which is a management fest entirely organized by the students of IBS Pune. It gives

an opportunity to all the students of B-Schools in India to showcase their talents in the areas such as:

•To dance is to be out of you.This is power, it is glory onearth and it is yours for thetaking. So come shake a leg andlet the wobrld know what youare capable of.

NRITYA SPARDHA

•TLAN Gaming--Help bring in theessence of the online gamingthat takes you on a ride to anexhilarating world to win overyour virtual foes.

SADYASKA KRIDA

•Management Quiz--Checks yourGeneral Knowledge andnurtures your ideas about thecorporate world.

PARIPRACHHITA

•Fashion Show--For all the girlsand boys, here is a chance toshowcase your personality andconfidence on the ramp.

KALPANA

•Tests an indiviual's behaviourin Conflict Management,CrisisManagement,Inquizitive,StressInterview etc.

CHANAKAYANEETI

•Focuses on real time selling of products in market ,Your Baby-an environmental friendlyproduct creation task etc

VITTAUPAARJAK

•Gives a platform to the youngtalented people to showcasetheir abilities to perform, yetbeing creative in the field of Advertising, Marketing andDesign.

PRAROCHANAH

•Gives an opportunity to theYoungsters to let their mindsopen and create the most eco-friendly business idea of theirlifetime.

KARYA VINYAAS

ZEAL

2011

ZEAL 2011



NSMQ is a Management Quiz held by AIMA (All

India Management Association) and Organized by

IBS Pune. This quiz is a General Knowledge delight

with the flavors of Business Knowledge, Awarenessabout competent business personalities, Brand

Endorsements etc which enlightened the qualities

of management students. The Partnership of IBS

Pune – AIMA is in existence from more than 5 years

for this prestigious B-School student much awaited

management event.

“This event intends to enrich theknowledge of students and accelerate learning curve in a

stimulating and thrilling environment of the quiz. Through

the event B-School students get an exposure to showcase

their knowledge, talent & Professional skills which helps

them to specialize in handling such a prestigious

management event.”

--Dr. Pravin Patil

(Event coordinator and IBS Pune Faculty)

“Yes Finance Minister” is an annual program held by IBS Pune which aims towards providing an insightful analysis on Union Budget.

This year in 2011 the 10th annual edition of “Yes Finance Minister” felt the presence of the chief economist and president of Yes Bank, Dr. Shubhada Rao

and the chairman of direct taxation committee of MCCIA, Chandrashekhar Chitale, as speakers.

.

When we are talking about investment into capital market

everyone must know that capital market is highly

volatile i.e. it involves risk which results due to

fluctuations in the capital market due to various

reasons. Your success as an investor depends

upon your ability to choose the right investment

options. The right investment is a balance of

three things Liquidity, Safety and return. So to

insure returns on your money you just being smart

is not enough you need to be smarter.

Smarter Wealth creation was an

event intended to create

awareness about Investment. By

investment we mean the

commitment of money or

capital to the purchase of

financial instruments or other

assets so as to gain profitable

returns in the form

of interest, dividends, or

appreciation of the value of the

instrument (capital gains).

SMARTER WEALTH CREATION

● ● ●

“In Comparison with the economicachievements of developing countries,

India has progressed satisfactorily. Along

with rising inflation, rising oil prices, aswell as falling agricultural productivity,

could change the canvas of the budget.

----Chandrashekhar Chitale.

“Focusing on the monetary measures thathave been adopted; as they have been

commensurate with an active fiscal

policy. She said that the provisions thathave been made towards improving

agricultural productivity are quite paltry.”

---Dr. Shubhada Rao

● ● ●

YES FINANCE MINISTER

( An Incisive Analysis Of Union Budget 2011)

Mr. Nilkanth Pandya (AGM, Dept. of Investor Services, BSE) and Prof. Shashank Divekar(Investments &Portfolio Advisor) will share with us various smarter ways to to invest and get the desired returns.

IBS Pune in association All India

Management Association (AIMA) has

organized 7th

National Student

Management Quiz regional round on

Friday 11th

March 2011 at QMTI Hall,

Pune. Mr.Sharad Gangal- Executive Vice

President- HR (Thermax Limited) was the

Chief Guest for this event. Team from

Symbiosis Law College has emerged as

the WINNER and Team from Marathwada

College was the runner up team. The

event also experienced the presence of

Mr.Prassan Yadav (Sr.Manager-Thermax),

Mr.Kamal Singh (Director –AIMA) and

Prof.Dhananjay Keskar (Director –IBS

Pune), and IBS faculties. The position of

Quiz Master was successfully handled by

Mr.Kunal Savarkar.

NSMQ (NATIONAL STUDENT MANAGEMENT QUIZ)



It is said that for every good career one needs a good

start….and for every good start you need a good institution to

provide a robust platform. In today’s world of tremendous

competition it is not enough to just acquire good knowledge but is

equally important to showcase the talent at the right place at the

right time. And that is where an institution can make a stark

difference to young career aspirants.

And this is where the institutions like IBS-Pune can bring

about remarkable metamorphosis in its students. IBS-Pune has been

a front runner in shaping careers of the young aspiring

management graduates. Hundreds of careers are shaped every year

at the Career Management Center. Career Management Team has

an impeccable track record of achieving good placements year after

year, with the reputed companies, both in India and abroad visitingthe campus to recruit students.

International Placements:

IBS Pune has stepped into global markets by recording a significant increase in its students securing

International Placements. On an average, 10 % of the students have been placed internationally for the last 3 years.

Leading companies from Middle East Asia, Africa and some part of Europe were on the campus in the last three years to

provide scintillating opportunities to the budding executives. More than 85 IBS students have made inroads into

international markets over the years and have brought glory to their organizations.

One of our esteemed international recruiters Mr. S. Sivam of P&G Oman says, “Profile of students have shown marked

improvement which is an indication of dedicated efforts to sharpen the skillsets.”

International Placements-Batch2011:

IBS-Pune has been able to explore the

international markets due to the consistent

rapport with the industry in India and abroad.

The exposure that students get in the

beginning of their career in a global market,

transforms them to become complete global

citizens.

Ankit (2011 batch) narrates howhe feels after securing one of the

prestigious internationalplacements. He says “My

Placement has given me agreater confidence about

working abroad and using theknowledge I gained through MBAfrom IBS. I am gaining experience

working as financial officer atMRS Dubai. I have acquired agood understanding of what’s

required to sell and exportproducts globally. Overall I feel I

am gaining valuable workexperience that I hope will aid

me in future”.

Amber Singh placed in P&GOman says "One of the best

companies to work for in Omanwill be Khimji Ramdas (P&G

Division). The company is havinga very good reputation in all

parts of Oman. You can find oneof the best working and culturalenvironment in the company.

They have great respect for theiremployees and the work. IBS

Pune has provided me the bestopportunity of my life.

International Placements



LG SCHOLARSHIP

LG Electronics Limited is an illustrious recruiter at IBS-Pune for the past four years. For the past three

years LG has been providing “LG POTENTIAL MANAGER AWARD” in the form of Scholarship of

Rs 36000/- in cash and Gold Medal to one all-rounder student of IBS Pune.

The nominations are invited from reputed business schools and a student is selected by the top

management on the basis of academics and extra curricular activities during the MBA Programme.

This year the scholarship isbeing awarded to the Mr.

Omkar Avhad of the batch of 2011. He is presently working

with Deloitte Consulting.

Blood Donation

Camp

•Blood Donation Camp is held twice a year with the help of Jahangir Hospital; Pune, which experiencesthe contribution of on an average 300 volunteers including IBS Pune students, IBS Faculties and staff.

A Trekking

Camp

•A trekking camp of 2 days was organized in which the students visited “Rajmachi Fort” 15 kms away

from Lonavla. The camp gave a golden chance to experience the rural life and the village environmentwhere life exists without the resources such as electricity etc of which the people in city can’t leave

without.

Prayas

•This was an initiative towards social responsibility. The students of IBS Pune visited two orphanagesand also invited them to the college campus. Various competitions such as Dancing, Singing, Acting andDrawing were held and their performances were awarded. Funds were also collected which wereutilized as an contribution towards providing them with basic necessities.

Navshitij

•“Navshitij” is an NGO working for mentally challenged people who are trained to work and become

independent. They are trained to manufacture as well as sell products such as Chocolates; Candles;Dolls and handmade Paper Bags. This visit was organized with an objective to motivate studentstowards their social responsibility.



● ● ●

The 18th Dewang Mehta Business SchoolAward held at Taj Lands End, Mumbai on 24th November, 2010. The Dewang Mehta Business Award recognizestalent and leadership amongst the Business School across India. The Awards are supported by Ms. Shaila Mehta-Director, Onward Foundation for Dewang

Mehta awards. The Chairman of the Jury is Dr. Prasad Medury, Partner, Amrop International honored IBS, Pune

● ● ●

DEWANG MEHTA AWARD

IBS PUNE CONGRATULATES IT’S FACULTIES FOR COMPLETING THEIR PhD

Green Code… Green Quotient… Green Marketing has emerged as driving force behind conceptualization toimplementation of innovation ideas worldwide, especially in developed countries. The latest FORTUNE

magazine issue has estimated that Rs. 12,63,800 crore could be lost over the next two decades if India Inc. doesnot implement GREEN strategies Now. Without an aggressive green agenda, analysts say, India cannot

develop. Investors are evaluating cities on their green quotient. Green Strategies are mammoth task for

government and industry. Green strategies broadly cover greening the supply chain, development and certified

energy saver products & services, eco friendly packaging, green transport till green community work. Active

participation of employees, customers and community on environment platform would build image and

reputation of organization. Involving local government agencies and media on environment issues, creates

favorable publicity. Thus, effective implementation of green strategies would provide the much needed

rofitability and sustainability to corporate industry. I heartily congratulate IBS student for taking

GO GREEN as a theme for Prerana magazine.

--Dr. Pravin Patil Faculty, IBS Pune

In this era of Globalization,

corporate responsibility is no

longer merely about local

labour issue, pollution control,

or energy efficiency. Sustainable

business is those that are

helping find global solutions to

our most pressing environment

and social issues.

- Ed Barker

Director of Corporate

Partnership at

Earth watch



The most memorable part of my life was those three months that i spent in UK with everyone.Experience of modular formatwas interesting and it helped to focus on each subject at one time. Even the faculty members at Birmingham Collage werevery cooperative and friendly.

Prashant Jha

(Batch 2010-12)

I am truly thankful to Mr Dhanajay Keskar sir, for giving me an opportunity to study one semester on scholarship basis in UK.UK is highly acclaimed as the best place in the world where leaders are born and it proved me as well. The level of educationfabricated by the expierence of Icfai education has let me improve many area of my life.

Piyush Saini

(Batch 2010-12)

The study abroad program offered by IBS has been a great one for me. It has made me learn how to handle pressure and alsohow to manage time to meet the deadlines. In addition to this it was also a new experience to be able to explore a newculture and look into new way of life.

P. Krishna Reddy

(Batch 2010-12)

First of all I would like to thank IBS to give me this wonderful opportunity. It was a great pleasure to interact and gel withstudents from different campuses. UK, altogether a new country made us feel really good by their warm welcome be it in fieldof education or culture.

Umangi Shah

(Batch 2010-12)

It was great opportunity given by IBS to have a global exposure to British culture. The modular format was quite interesting tostudy. Industry visits were exciting. Teaching methods of Indian and British professors were different which made our learningexperience joyful.

Tejaswini Potnis

(Batch 2010-12)

The course exposed me to international way of learning and to understand industry requirement/ expectation from a buddingcandidate. The stay exposed me to hard realities of life.My way of looking at real world was broadened dramatically, be that atacademics or otherwise.

Sujal M Raul

(Batch 2010-12)

IBS Pune’s Golden Opportunity- International Study Scholarship

The Deserving Six

Stipendiary Assignment ProgramEarn While You Learn

"I am from an engineering background and want to specialize in finance,

However when I heard about SAP and its benefits I couldn't stop myself to

work in SAP I am so lucky to be part of this wonderful program that inspires

leadership in young people. It provided me with a new found motivation to

succeed. Awards and accolades in SAP Achievers conference is one most

sought after experience in SAP career which I will always remember and

cherish. It makes me feel proud to be recognized for being a good and able

manager. Being acknowledged in such a way made me proud and even more

determined to do things the right way every day and to be involved in what I

enjoy and what I am good at. Receiving such an honor carries a

responsibility to use one's talents to one's fullest potential. SAP has

helped me get exposure to newer avenues for working in a team and gaining

insights into the functioning of corporate entities and consumer behavior.SAP is a validation that I am living my life the right way. "



Business Ethics

It is all about making money,To make none of differences,Between humanity, money and time.

It is all about changing situations,In an area of huge gathering of work,

It is to concentrate on work that makes serious,But not to make serious things that disturbs us.It always emphasizes on two important things,

When there is an importance of money,Humanity doesn’t values,

But when there is an importance of humanity,Money doesn’t values.

Time matters a lot in business,To update decisions on changing events,It enlightens and brightens when it favors,Or it collapses or vanished when it won’t. By keeping in mind the special value,

As business should regulate,An intension with achieving with higher profits,

Rather to run with a sight of having loss .

Ankur G. Patel

Batch 2013

TeenageOh! The sparkle of teenage years makes me feel nostalgic. This is very critical phase when

the blood is pumping fast in our body. The sudden urge to be rebellious the crushes, the

inexplicable dislike, the brooding, are all symptoms of this teenager phase. The need to look cool

by loosening the tie and keeping shirts unbuttoned reflect this confused stage. This is very

common among the teenager stage. Now do you understand why you behave in this peculiar

attention grabbing behavior?

Parents please be careful, it’s a turbulent stage since children spend their maximum time

at home, and it’s your duty to help your kids in understanding the upheavals inside them. You

have to become “a best friend, philosopher and guide” to your child. Your child should freely

share with you, all hopes, aspirations, phobias, peer-group pressures. Don’t worry. As it’s only a

transient stage, so gently steer emotional confusion. Don’t be angry on them ever whether they

are wrong or not. Try to solve the situation as gently as possible. Make them understand what is

right and what is wrong.

A lot of responsibility has been thrust on teachers regarding behavioral management.

One Aspect which should be tackled is discipline. Teachers should be such that they became role

model for their students. Pupils should be made aware that after a certain limit, outrageous

behavior will not be tolerated. They should become mature enough that they should not be

informed every now and then how to behave. This exercise overflow of energy and emotional

should be challenged into demanding sports like athletics, march past and drill which not only

instill discipline but also maintain mental equilibrium.So, start transforming your behavior. Once you do that, enjoy this period but do not

forget your limits. What is revered and what is sacrilege should be absolutely crystal clear in your

mind. Don’t go overboard and don’t be side tracked. You are the fountain of untapped potential,

the perpetuator of great Indian power in the era of globalization. Don’t be misleading by fake

modernism. Stick to your basic values, though you might change superficially, the innateness of

being Indian in mind body and spirit should be adhered to.

Brijesh R. Patel

Batch 2013

STUDENTS’S INSIGHT

Should India import Technology?When we hear word ‘Technology’, we draw picture of giant machines and tools in our mind. Well,

Technology is not only about giant machines or tools. It’s all about techniques that reduce human efforts.

After all, Human has invented technology for his ease of work. The world is changing rapidly in 21st

century.

After 63 years of independence, the question arises that, are we really independent in terms of Technology?

Well, it’s a point of debate. Some will say yes, we are independent enough to have our own

technology, while others say we are using technology which we had not invented. India is one of the fastest

developing countries in the world along with its neighbor China. So Technology plays important role in

development aspect of such countries. The optimists would say, India have its own technology in fields of

Army, Agriculture, Production, Infrastructure. India has its own nuclear weapons and missiles which shows

essence of Technology in India. India has achieved tremendous success in Information Technology Sector. So

many patents and copyrights are registered under name of Indians.

Though, we have good technology in above fields but still we are very much behind to implement &

use technology. When we compare technologies of India and developed countries i.e. USA and Japan, we are

more than three years behind. The perfect example of it is, when we launched 3G Technology, Japan wasgoing to implement 4G Technology. We import technology from other countries and at the same time they

adopt Advanced Technology!

At the end, I would say, we should not worry about technology should be imported or invented, as

long as technology is helpful to us in developing ourselves and India. Mobile was not invented in India, but

India is one of the biggest consumers of Mobiles in the World. Invention of technology is also vital as it gives

you an extra edge in this competitive world. Maybe we are not the best inventors of technology, but we are

the best users of technology forsure.

Siddharth Sheth

Batch 2013

Android

Android is a software stack for mobile devices

that includes an operating system, middleware and key

applications. It is an operating system for mobile

devices such as mobile phones, tablet

computers and net books. Android is developed by

Google and is based upon the Linux

kernel and GNU software. It was initially developed

by Android Inc. (a firm purchased by Google) and later

positioned in the Open Handset Alliance. It

allows developers to write managed code in a Java-like

language that utilizes Google-developed Java libraries.

The Android operating system software

stack consists of Java applications running on a Javabased object oriented application framework on top

of Java core libraries running on a Dalvik virtual

machine featuring JIT compilation. Libraries written in

C include the surface manager, Open Core media

framework, SQLite relational database management

system, OpenGL/ES 2.0 3D graphics API, WebKit

layout engine, SGL graphics engine, SSL, and Bionic

lib. The Android operating system consists of 12

million lines of code including 3 million lines

of XML, 2.8 million lines of C, 2.1 million lines

of Java, and 1.75 million lines of C++.

Francis U. Christian

Batch 2013



Child Labour

Can we eliminate child labour? Though it is a desirable goal the fact remains that in the given socio-economic scenario that is prevalent in our country, it is virtuallyimpossible to do away with child labour. One cannot dispute the fact that employers exploit children by paying them much less than what they would pay in adult and the

future of the working children is ruined as they will not be able to attend schools and get educated for a better future.

But when one considers the economic compulsions of the families which force the children to work, one will be compelled to admit that elimination of child

labour will be a distant dream as long as the socio-economic status of these families is not improved. Realizing the harm caused by child labour, the Indian Government

made laws to protect children from exploitation at work and to improve their working condition. Besides, a comprehensive law called Child Labour (Prohibition and

Regulation) Act. 1986, was promulgated to prohibit employment of children in certain occupations and processes.

In 1987, the Indian government formulated National Police on Child Labour to protect the interests of children and focus on general development programmesfor the benefit of children. As a part of this policy National Child Labour Projects have been set up in different parts of the country to rehabilitate child labour. Under

these projects, special schools are established to prove non-formal education, vocational training, supplementary nutrition etc. to children who are withdrawn from

employment.Though elimination of child labour is an impossible task in the current socio-economic scenario, the Indian government is committed to the task of ensuring that

no child remains illiterate, hungry and without medical care. When this ideal will be achieved is a million dollar question.

The developed countries are exerting pressure on developing countries like India to eliminate child labour. According to the current thinking the developed

countries may stop imports of those goods that involve child labour in their production. In some of our cottage industries like making of carpets, children are employed inlarger numbers. These carpets, which are being exported, may soon lose their market abroad if the producers of these carpets persist with child labour.

Child labour is, no doubt, an evil that should be done away with at the earliest. The prevalence of child labour reflects very badly on society that is not able to

stop this evil. But in a society where many households may have to suffer the pangs of hunger if the children are withdrawn f rom work, beggars can’t be choosers. Thesefamilies have to send their children to work, even if the future of these innocents is ruined, as that is the only choice open for them to survive in this world. Therefore,

unless the socio-economic status of the poor families is improved, India has to live with child labour .

Tarunjeet singh Barkey

Batch 2013

Piyush Saini Brijesh Patel Prof. Arun

PrasadSiddharth Sheth

Harshad

Kulkarni

Editorial Team

This edition is just an expression of the life at IBS-Pune, which we are PROUD TO BE A PART OF!!

Prerna Full n Final Edition

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Transcript of Prerna Full n Final Edition