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Editor-in-chief:

Shanjali Shahi

Section Editors:

Anita Yadav Nalesh Labde

Lino James Aishwarya Limbasia

Theyre smart, theyre successful, and theyre there, the

unimaginable heights as we call it.Are they just luckier, smarter and harder working

than us or were they simply born with it. Do they just be-

lieve in their impulse and predict the possibility of things or

things just happen to them. Do they choose luck or luck

chooses them. Whatever they do or they are, they definitely

dont believe in the concept of the impossible. For others

who dont know when you consider something impossible it

becomes invisible.

For instance, have you ever wondered how would you feel

standing on a vertical, rock exposure followed by jumping

off into the water? Oh, its called Cliff Diving BTW. Most of

us, including me would say Its impossible, the people whodo it are either born with it or they need a psychiatrist. And

theyre right, who likes to jump in a well or even a sea for

that matter. But apparently Cliff-diving happens to be the

most extreme sport performed by only 300 professional

divers in the world. It gives the diver an exhilarating rush of

adrenaline and adventure. Oh, you just have to experience

it to know it. But of course if you think you cannot do it,

youd not even consider it. Dont set limits for yourself, go

ahead exceed your boundaries, youd know what all you

can do. From walking the moon to creating human babies

from single cells in a plastic dish theyve done it all, despite

all sounding impossibly unattainable.

Edit Team: Info. From the editors desk

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Union Budget 2011-12

stays on fiscal corrective

course perhaps aided by a

few optimistic assump-

tions.

The Budget Charted a path

of fiscal responsibility by

increasing total spending a

mere 3.4 % and projecting a

5 %( Rs 3,43,000 Cr against

expectation of between

3,80,000 Cr to 4,00,000 Cr)

reduction in the govern-

ments borrowing pro-

gramme

The government came out

with borrowing programmeof Rs 3, 43,000 Cr against

expectation of between 3,

80,000 Cr to 4, and 00,000

Cr.

But doubts prevail

whether the government

can keep the spending on

such a tight leash and cut

the subsidy bill by the

promised 12%.

Doubts also prevail over

whether the government

will be able to meet itsrevenue target, with the

increase in tax receipts

based on an economic

growth assumption of 9 %

in fiscal year 2012.

While there is no new big

bang reform, already an-

nounced measures such as

DTC and GST remain on

track.

Key Expected Reforms

which werent an-

nounced in this budget

are as follows.

Over the last few

years every budget has

chartered three distinct

objectives sustaining

GDP growth, containing

inflation and bridging

the fiscal deficit.

This years budget innova-

tively textures these criti-

cal aspects into its overall

tapestry. The finance min-

ister has delivered a pro

growth, anti inflationary

and socially inclusive

framework.

Changing Face of Education

Positive steps

have started to be taken

to help modernize Indias

education system and pro-

fessionalize our institutes

to create a better future

for young minds, there is

still that needs to be done.

One hopes that the gov-

ernment and regulators

are able to not only in-

crease governmental

spend on education qual-

ity and equality but also

are able to pull in private

sector support to bridge

the knowledge gap.

Academics 4

Cover StoryBudget 5-6

Students Corner 7

Professors Corner 8

Motivation 9

Creativity 10

Reviews & Features 11-

12Fun Page 13

Inside this issue:

Lead Story: Budget 2011

Content

2

3

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Whenever I hear anyone still

calling India a developing nation, in-

stead of a developed country, I canthelp feeling that our education system

has a lot to do with this. Its logical

isnt it? If we want to raise the stan-

dard of the country, it cannot happen

merely by governmental intervention;

the corporate sector has to contribute.

For the corporate sector to contribute,

it is essential that the people in indus-

try are not only high on knowledge

and skills but also have the right atti-

tude when it comes to giving back to

the country or in terms of thinking out

of the box and coming out with innova-

tive ideas that will help the nation at

large.

This hasnt happened in the

past six decades. While we may have

won freedom politically, we are still

not emancipated when it comes to tak-

ing off the fetters of an antiquated

education system.

It is not important that India

has 550 million people under the age

of 25, of which only 11% are enrolled

in tertiary institutions, compared tothe world average of 23%. What is

more important is what is happening

to these people who are actually en-

rolled in these institutions. As per the

UGC, only 2% of Indian institutes

have potential for excellence. Interest-

ingly, these are all seen to be in the

private space. But is this enough for a

country of Indias size? Will we be able

to produce enough knowledge workers

with such a low penetration of quality

institutes?

In the past two years, several

foreign universities have considered

coming to India. Initially this included

big brands like Stanford University.

Unfortunately, one of the finest uni-

versities in the world was dissuaded

against coming to India when they

were told by UGC that they would

have to adhere to faculty salaries and

fee structures prescribed by UGC;

these didnt quite satisfy the quality

criteria of Stanford and they refused

to come down to India. I wonder whoseloss it was? The politicians or the

pseudo regulators who probably didnt

lose a nights sleep or the hundreds of

students who could have benefited

from a Stanford University in their

own backyard, in India. The other day

I endeavored really hard to try and

figure out at least 5 big foreign univer-

sities that have come to India. I could-

nt find a single one. Is this a signal for

the HRD & Education Ministry and

the so-called regulators of Indian edu-

cation to wake up to reality and see

how they can attract education insti-

tutes to India that can help us create

both, knowledge and knowledge work-

ers?

Consider private-public par-

ticipation in education. Mr. Sibal has

been talking about this for a while

now and there is no doubting his sin-

cerity and intent. But has the system

beaten even this man? Why would the

private sector put their hands into the

web that is the Indian education sys-tem? A system which insists that you

have to be a non-profit organization if

you want to open a school or a higher

education institute providing profes-

sional or technical education. There-

fore, those institutions who can proba-

bly deliver the desired value are not

motivated to enter the arena of educa-

tion; and the ones who are there are

constrained to offer low quality educa-

tion as they do not have access to

funds, or simply because they are the

well-intentioned scholars but lack thebrilliance and innovativeness of a gun

slinging entrepreneur.

Having said that, the situa-

tion is not that bleak any more. Every

now and then, there is a glimmer of

change happening. And this change is

being wrought by none other than po-

tential students as well as the indus-

try body. The industry wants human

resources to be more employable; to

not merely have a degree but for that

degree to have some associated utility.

This is also what the students want a sound education but not something

that they leave behind in the hallowed

classrooms of their colleges; but some

learning that they can carry away

with them when they exit the college

and enter the corporate world.

Some institutions have truly

pioneered this change. In the B-school

space, institutes like IIFM and ISB,

Hyderabad have been two of the main

change agents. ISB, Hyderabad per-

haps has better faculty than any otherB-school in India or even in other

parts of the world. IIFM has pioneered

industry involvement in all their pro-

grams to the extent that even admis-

sions interviews to their management

program are conducted by a corporate

panel. The other innovation at IIFM

campuses is that every week senior

industry leaders and executives take

sessions with students, thereby ena-

bling students to relate theory with

practice and at the same time build a

network with senior industry profes-sionals. Some private universities like

LPU, Jalandhar and Sharda Univer-

sity have also tried the foreign faculty

route to add value to students and

help provide global exposure.

Be that as it may, while there

is no doubt that positive steps have

started to be taken to help modernize

Indias education system and profes-

sionalize our institutes to create a bet-

ter future for young minds, there is

still that needs to be done. One hopes

that the government and regulators

are able to not only increase govern-

mental spend on education quality

and equality but also are able to pull

in private sector support to bridge the

knowledge gap.

Jagmohan Bhanver

AKA-DYNAMIC

Changing Face of Education

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Economic survey has fore-

casted Gross Domestic Product ( GDP)

growth of 8.75 to 9.25 for the fiscalyear 2011-2012.The Gross Domestic

Product (GDP) Of India is estimated

to have grown at 8.6 % in 2010-2011

in real terms. In 2010-11 agriculture

is estimated to have grown at 5.4%,

Industry at 8.1 % and services at 9.6

%. All three sectors are contributing

to the consolidation of growth.

The Union Budget FY12 has

been presented at a time when the

Indian economy is heading towards a

high growth trajectory, albeit certain

challenges such as elevated inflation,

high Current Account Deficit (CAD),

and moderating growth of industrial

production, which have surfaced in

the recent past. At the current junc-

ture, what was required from the

Budget was to address the issue of

inflation and support growth momen-

tum, while maintaining the focus on

Fiscal consolidation and continuing

ahead on the reform agenda. In-

creased allocation of planned re-

sources towards infrastructure pro-

jects along with the proposals to direct

foreign funds and private saving to-

wards infrastructure sector willunlock much of the growth potential

of the sector.

Fiscal Consolidation:

The experience with Fiscal

Responsibility and Budget Manage-

ment Act, 2003 (FRBM Act) at Centre

and corresponding Acts at State level

show that statutory fiscal consolida-

tion targets have a positive effect on

macroeconomic management of the

economy. The Thirteenth Finance

Commission has worked out a fiscalconsolidation road map for States re-

quiring them to eliminate revenue

deficit and achieve a fiscal deficit of 3

% of their Gross State Domestic Prod-

uct latest by 2014-2015.It has also

recommended a combined States debt

target of 24.3% of GDP to be reached

during these period. The states are

required to amend or enact their

FRBM Acts to accept the changes.

However, in the current sce-nario, fiscal deficit target though en-

couraging seems highly ambi-

tious .Continuing its focus on the fis-

cal consolidation, the Budget has set

the rolling targets at 4.1% and 3.5%

for FY13 and FY14 respectively.

Moreover, the decision to introduce an

amendment to the FRBM Act, laying

down the fiscal road map for the next

five years during the course of the

year reiterates Governments commit-

ment towards fiscal prudence in the

years to come.

Ballooning Subsidy:

In the past, government has

routinely overshot the subsidy esti-

mates by a huge margin. For example

against a provision of mere Rs3100 Cr

in FY11BE for petroleum subsidy,

revised estimate is placed at Rs38400

Cr which is expected to go up further

to Rs44800 Cr. So FY 12 budgeted oil

subsidy of Rs 23600 Cr looks very dif-

ficult to be achieved given the high

current crude prices. Besides there is

an element of underestimation in at

least one major source of spending-

subsidies.

The budget also hopes to trim

the subsidy burden to Rs 1, 43,570 Cr

during 2011-12 from this years re-

vised estimates of Rs 1, 64,153 Cr,

which turned out to be much higher

than the budgeted Rs 1, 16,224 Cr.

BUDGET 2011

UNION BUDGET 2011 12: A MACROECONOMIC PERSPECTIVE

Estimated increase in gross tax revenue

by 17.88%.

Non-tax revenue, on the other hand, isbudgeted to record a significant decline

of 43.02% during FY12.

The budgeted fiscal deficit is at 4.6%

for FY12 as compared to 5.1% for

FY11 (Revised March).

Gross tax revenue for FY12 is budgeted

to increase by 17.88% over the FY11

RE, driven by a 19.42% increase in

direct tax revenue coupled with

17.36% increase in revenue from

indirect taxes.

53%

10%

4%

33%

Tax Receipts (Rs. 6,6 4,457 cr. )

Non Tax Receipts (Rs. 1,25,4 35 cr.)Non Debt Capita (Rs. 55,0 20 cr.)

Fiscal Deficit (Rs. 4,1 2,817 cr.)

0

5

10

15

20

J an M ar M ay J uly Sep t No v

Growth[in%]

Growth[in%]

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Revenue Deficit /Fiscal Deficit

is projected to be at 74.4 % as against

67.3% which means out of total gov-

ernment borrowing around 75% of it

will be use to finance current con-

sumption and only remaining 25 %

will be used for Investments. So out of

total borrowing only 25 % of it will be

used to create Assets from where gov-

ernment will service its debt.

Government will meet the

large interest payments from these

investments which means government

will have to continue borrowing to

keep its head above water.

Center is projected to incur

public debt at the rate of Rs. 1154

crore per day, up from Rs.1,033 cr es-

timated for the current year and Rs.

747 cr just for four years.

Inclusive of other liabilities,

the daily borrowing will be Rs. 1,155

cr in 2011-12, or Rs. 80 lakh every

minute, compared with Rs.1, 132 cry

this year and Rs.818 cr in 2007-08.

The figures speak for them-

selves. The accumulated public debt of

the centre has leaped from Rs. 19,

20,390 cr in 2007-08 to a revised Rs.

28, 60,191 cr by the end of March

2011

Every Indian carries an oner-

ous debt burden and it is rising

sharply year after year. The per cap-

ita public debt is placed at Rs. 24,116

cr this year compared with Rs. 16,875

in 2007-2008

Large scale borrowings may

not be bad per se if they were de-

ployed for productive purposes. Debt

proceeds have been used mainly to

finance current expenditure.

In fiscal policy statement, the

govt seems conscious of the misloca-

tion of borrowed funds and stated that

it will make further efforts for not

using debt receipts for financing non-

plan expenditure, especially non-plan

revenue expenditure.

As the RBI has observed, in

its analysis of the year 2010-11

budget, Reducing the fiscal deficit

through reduction in the revenue defi-

cit is the most desirable option, which

would otherwise necessitate curtailing

capital expenditure.

70 % of government revenues

are in the form of taxes. But from the

governments the net tax revenue

42.71% goes into meeting the interest

cost.

Budget 2011:

Union Budget 2011-12 stays on

fiscal corrective course perhaps

aided by a few optimistic assump-

tions.

The Budget Charted a path of

fiscal responsibility by increasing

total spending a mere 3.4 % and

projecting a 5 %( Rs 3,43,000 Cr

against expectation of between

3,80,000 Cr to 4,00,000 Cr) reduc-

tion in the governments borrow-

ing programme

The government came out with

borrowing programme of Rs 3,

43,000 Cr against expectation ofbetween 3, 80,000 Cr to 4, and

00,000 Cr.

But doubts prevail whether the

government can keep the spend-

ing on such a tight leash and cut

the subsidy bill by the promised

12%.

Doubts also prevail over whether

the government will be able to

meet its revenue target, with the

increase in tax receipts based on

an economic growth assumption

of 9 % in fiscal year 2012.

While there is no new big bang

reform, already announced meas-

ures such as DTC and GST re-

main on track.

Key Expected Reforms which

werent announced in this budget

are as follows.

Raise FDI in Insurance Sector

from current 26 % to 49 % - It was

clearly a missed opportunity since

there is an estimated $ 10 billionof investments waiting to flow in

the sector once norms are liberal-

ised.

Allowing FDI in multi brand Re-

tail This would have help to re-

duce inflation by removing the

supply chain bottle necks.

Changes to Land Acquisition

Law.

Deregulation in Diesel Prices-

This is very much expected some-time down the year since govern-

ment has budgeted its petroleum

subsidy to around 23,800 Cr from

previous years around 38,400 Cr.

Over the last few years every

budget has chartered three distinct

objectives sustaining GDP growth,

containing inflation and bridging the

fiscal deficit.

This years budget innova-

tively textures these critical aspects

into its overall tapestry. The financeminister has delivered a pro growth,

anti inflationary and socially inclusive

framework.

Contributed by

Harsh Mehta, Sana Qureshi, Mitali

Mehta, Imraan Khan, Nidhi Veera

The Bigger Picture

BUDGET 2011

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To be or not to be may have

served as your life a go gaga mantra in

the 19th century and until now. Itstime to switch to To be normal or

not to be thats the question. All

men and women are created in the

same shadow, silhouette or whatever

you prefer to call it. How is it that

when theyre dropped on to Earth by

the Stork they all look the same - we

dont qualify one as the smarter one,

another as the successful one and yet

another as something else? Couple

more years down the line we invent

more sophisticated descriptions; That

guy made it big Wow, he talks sense.When did he get so smart, That girl

never went up on stage, but look at

what shes made of herself.

How it is that distinction ex-

ists in the world we live in? In the

smallest of spheres you can track your

imagination down to...in the office, in

a college cafeteria, in the classroom,

on the internet...if we are all created

in the same shadow , if we were all

born with exactly the same number of

grey cells to call our own.. its because

one person chose to be satisfied with

that number and another crazy onesplit open his own head and Einsteins

as well, looked up the web for the pro-

cedure to create a hybrid and placed

the product back into his own head

only to becomesecond to none, the

subsequent Einstein who took the

world in his stride (That obviously

didnt happen..but now you do get thepoint that I am trying to make here, I

believe). The world beckons us to not

be normal. Normal is old , normal is

stale , nobody wants to be normal; nor-

mal subdues creativity, normal puts

down everything that is yet to be born

and would have stifled the birth of

everything that has until date revolu-

tionized the world .

Now there are no formal defi-

nitions of NORMAL and there is noclear demarcation between special and

generic; there cannot be. Then what is

being normal and what sets you

apart...is it your new glamorous hair

do? Is it your never ending friend list

on facebook? Is it the perfect 10 points

that you scored last semester? Is it

because you have the hottest girl orguy in town as your beaux or beau? Or

is it because you unceasingly post your

bizarre ideas anonymously on some

online forums? Promptly and much to

your disenchantment Id say NO. And

who am I exactly to be dictating the

norms of being ordinary...Well...

Thats just a load of gibberish already,

but I do deserve some credit for at

least trying to elucidate on my sanc-

tion to be expressing such strong no-

tions :p . Absurd ideas they are really

now arent they?? Nonetheless this ismy notion of not being normal and I

got here first; this is my personal

mount Everest and I climbed it first..

whether or not to deem it right is

yours to decide; whether or not to be

normal is also yours to decide..but

theres one thing I can tell you asser-

tively , theres one thing Bob Dylan

told us years back..

If your time to you is worth sav-

ing then you better start swim-

ming Cause if you don't you'll sink

like a stone Cause the times theyare-a-changin'

-Vaibhav Gupta

STUDENTS CORNER

To Be or not to Be...What Normal?...Oh Yeah!!

7

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1. The indefinable dilemma many of us

face is how to strike a balance between the

demands of family, career and the world offriends, relatives, strangers etc. While we

want happy and fulfilling lives outside of

work, we have to make personal sacrifices

in order to achieve our career aspirations.

How do you balance those sacrifices so

they dont greatly interfere with your per-

sonal goals? How do you fit roles such as

husband/wife, father/mother, and friend

into an already hectic schedule? Since time

is precious, keeping a balance between the

three worlds can be a challenge. Fortu-

nately, with proper planning, it is possible.

Several senior corporate executives re-

vealed their balancing strategies to me.They offer proof that it is possible to have

not only a successful career, but a re-

warding and enjoyable personal life as

well. In fact the very definition of success

is how you solve the equation:

pF+qC+rW= HAPPINESS,

Where p, q and r are the value-

coefficients created by you to keep your

Family, Career and the World relevant to

you in harmonious equilibrium.

2. The first step is that you and your

family reach an amicable agreement on

what the priorities should be. Realizethat business success often requires long

hours and travel. In these instances, sup-

port from your family is sine qua non. Ad-

ditionally, when children are involved,

many people discover that they have to

alter the happiness equation.

3. Ms. Shukla, assessed both her personal

and professional life as successful. This

situation worked for her because she had

the trust of all from her world of relevance.

As she explained, There are sacrifices.

But your friends and family, your spouse,

your parents, all have to support the situa-

tion and have a genuine understanding.Ms. Shukla went on to explain that her

schedule did not always allow her to be as

available as other women, but she man-

aged to do what it took to keep everyone

happy, and more importantly gave physi-

cal evidence that she was truly exerting to

her best mettle to keep everyone happy

and enable them to understand her.

4. Ms. Shukla, like many others, made the

decision that family was indeed a top pri-

ority. As such, they strove for new ways to

carve out family time each day. They were

aware that many people say at the end oftheir lives, I wish I had spent more time

with my family.

5. Mr. Yogesh said, The time I spent with

my family and friends was less and not

what I wanted it to be. Thats why I began

to focus on ways to be more efficient with

my personal time. I began to apply some of

the efficiency tools that I learned from

business. For example, I got very aggres-

sive about scheduling time with friends

and family. Everything went on my calen-

dar. Thats how I dealt with things in busi-

ness, so I did the same outside of the of-

fice. Using those kinds of tools helped meminimize the sacrifices.

6. When placed in identical situations, no

two people will make the same choices.

Each person has to evaluate the event and

then make a decision based on what is

right for him/her at the moment. Just be-

cause an outcome worked for one person,

doesnt necessarily mean it will work for

another.

7. It is not only important to have a list of

priorities, the real success mantra is how

one prioritizes the list. The main empha-

sis is on the time dimension due to which

the prioritization will change. Decide what

is most important to you. Where do you

want to spend your time and energy?

8. Ms Gonsalves, decided to be available

for global vacation travel with her family.

The decision affected her career, and she

understood that. She didnt expect people

to overlook her absences. Many others in

her position would not have made such a

drastic decision, but Ms. Gonsalves made

the best choice based on her prioritized

values.

9. Every day we hear of increasing num-

bers of people who reach the pinnacle of

their careers and decide its time to em-

bark on a new stage of life. They quit their

jobs, start a family, change careers, or

take an extended leave. Others start busi-

nesses out of their homes so they can be

with their families.

10. Some companies seek to know the

persons goalsboth personal and profes-

sional. Therefore, once you have defined

your time-bound goals communicate it to

your management and get support of your

company. If the company will not support

your personal goals as well as your profes-sional ones, then its time to evaluate

whether this is the right company for you.

11. Before you make any drastic changes

to your personal or professional life, con-

sider the implications of each decision and

how you plan to integrate the changes into

your schedule so that the happiness equa-

tion is always solvable and has real solu-

tion.

12. We all need to make sacrifices to get

what we want. Most top executives do not

sleep eight hours. Many of them work on

weekends. These are choices they make in

order to have what they want. Think about

where you want to be in 10 or 20 years and

what it will take to get there. What choices

and sacrifices will you need to make today

to achieve your goals tomorrow? Never

ever judge the outcome of your actions by

yardstick of others.

13. Finally, No one has solved the equa-

tion mentioned above without aspiration,

perspiration and inspiration. One has to

solve the equation oneself on a conscious

basis because it is a dynamic and not a

static equation. One can easily ruin ones

life if he/she tries to define his/her success

by copying how others define their success

and what others do to achieve their de-

fined success. The definition of success and

its evaluation lies entirely with you.

14. To conclude I have always seen that

persons who have made several sacrifices

in their lives rate themselves as very suc-

cessful and live and depart with a sense of

immense satisfaction.]

-Prof Iyer

PROFESSORS CORNER

YOUR HAPPINESS EQUATION: pF+qC+rW= HAPPINESS

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Have you ever been in an im-

possible situation & have felt that

there was no way to solve it. Chances

are that you have. Often, we try & try

& try, but dont seem to have a way

out. Its like a swirling whirlpool

where you are stuck in the middle

going forever in circles. At times a

change of perspective can solve it in a

jiffy.

To illustrate, take the case of

a teacher who asked his students to

fill a sieve with water. The students

tried various ways, but were unsuc-

cessful. Finally they went back to

their teacher, admitting that theywere unsuccessful. The teacher

merely smiled & took the students to

the bank of a river. He threw the sieve

in the water while the astounded stu-

dents watched. There. It is now full

of water, he said.

I remember, there were a

number of occasions in my life when I

was completely overwhelmed with a

problem. The gentle advice of my

grandmother was, step back. Look at

the situation or challenge with a newpair of eyes. And the answer will

come. She was so right. We can see

the full mountain only when we are at

a distance.

I remember a story that I

have read about a bee who was unsuc-

cessfully trying to get out of a room. It

kept banging on a closed glass win-

dow, in an unsuccessful attempt to get

out. It kept at it for hours. If only it

had flown away from the closed win-

dow & looked at the full room. On the

opposite side of the room, was a large

open window, the gate to its freedom.

There was once a journalist,

who was investigating a story on

twins. He went to meet Joey, the first

twin. The journalist entered the draw-

ing room which had a musty odour

about it. The windows looked as if

they hadnt been cleaned in ages. He

could hear the yells & scuffles of chil-

dren above. Joey waddled into the

room. He was fat, unshaven, slovenly

and had bags under his eyes. Joey was

unmistakably an alcoholic. The jour-

nalist asked him, What do you attrib-

ute your present situation to? Joey

replied with resignation, I had no

choice. My father was an alcoholic. He

made our life hell. Its no surprise that

I am in a similar situation. The jour-

nalist then visited the second twin,

David. He drove to his house expect-

ing the worst. He was surprised toreach a sparkling house with a neatly

kept garden. He was seated in the

lawn when David entered. He had an

unmistakable aura of success around

him. On being asked the secret of his

success, he replied I did not have a

choice. My father was an alcoholic

who made our lives miserable. I could

not do that to my family. I decided to

give them what my father could not

give us love, affection & security.

Same situation - different ends. This

is what perspective is all about.

The only thing certain in life

is that there is nothing certain. Which

means that life will continue throwing

challenges at us, and each time that

happens, we have the choice of either

buckling under it or meeting it head

on. Which of these two choices we will

take will depend largely on our per-

spective. One person takes the per-

spective that suggests God, i cant

handle these problems; and another

person somewhere adopts a perspec-

tive that says There are problems,

and there are challenges, and when i

meet them head on, i become ME.

How do we view a business

problem or any other challenge for

that matter? Our success in solving it,

is directly proportional to our way of

looking at it.

-Komal Bhanver

A change of perspective

MOTIVE-ATE

1. Positive affirmations for success

I see failure only as a signpost

on my post to success

2. Positive Language for Success

Instead of saying problem,

call it opportunity

3. Exercise

Fifteen minutes three times a

week has profound results

4. Take Risks

Take the road less travelled to

stir up your creative juices

5. Positive Reading

Read about the lives of

successful people

6. Positive Visualization

Visualize how good it feels to

complete your goals

7. Think Big

8. Set Goals

9. Positive Appearance

10. Helping Others

-Shanjali Shahi

10 quick steps to motivateself

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Intelligence is something we are born

with. Thinking is a skill that must be

learned.

The word create means to bring into

being something that was not there

before. Creativity here is bringing into

existence something that has value.

Creativity makes life more fun, more

interesting and fuller of achievement.

Research shows that 94% of youngsters

rate achievement as the most impor-

tant thing in their lives. Creativity is

the KEY skill needed for achievement.

Without creativity there is only repeti-tion and routine. These are highly

valuable and provide the bulk of our

behavior, but creativity is needed for

change, improvement and new direc-

tions.

In business, creativity has become es-

sential. This is because everything else

from information to current technol-

ogy, have become a commodity avail-

able to everyone.

Imagine a cooking competition with

several chefs. Each chef has the sameingredients and the same cooking facil-

ity. Who wins the competition? At the

lower level, the chef with the highest

quality wins. But at the higher level all

chefs have excellent quality. So who

wins? The chef who can turn the same

ingredients into superior quality.

Creativity is a skill that can be

learned, developed and applied. It is as

much a skill as playing cricket, paint-

ing or learning accounting.

Creativity is more than just being dif-

ferent. The creative idea is not just

different (for the sake of being differ-

ent). Creative ideas must necessarily

h a v e o r a d d v a l u e .

People are reluctant to be creative out

of fear of making "a mistake." And peo-

ple generally like to avoid "mistakes."

In order to learn creative thinking, we

need to look at new options and new

patterns in everything we see. This is

the basic principle of lateral thinking

or out-of-box thinking.

Edward de bono, the leading authority

in the field of creative thinking and the

inventor of the process of "lateral

thinking" emphasis on the creativity of

what can be rather than the usual

education emphasis on what is.

He comments that using analysis,

judgment, and argument, is largely

concerned with "what is, which is all

well and good, but it's not sufficient.

The other aspect of "what can be" type

of thinking involves creative thinking

and "designing a way forward.

Now lets see how this concept of crea-

tive thinking can be applied, as am

sure all of us would like to be creative,

isnt it??

The following story is based on chal-

lenging assumptions, which is one way

of creative thinking.

A man worked in a tall building. Every

morning, he would take the lift on the

ground floor, press the lift button to

the tenth floor and walk up to 15th

floor. In the evening he takes the liftfrom the 15th floor and presses the

ground floor button and comes down.

Why is he doing so?

In this problem, the common assump-

tion is the man is normal but his be-

havior is abnormal.

For this problem the possible explana-

tions are:

He wanted an exercise

He wanted to meet someone on the

way upHe wanted to show people that he

works on the tenth floor which has

more prestigious companies

The 15th floor has building housekeep-

ing and he does not want others to

know that he is working in housekeep-

ing

He is a dwarf and he can reach only up

to the 10th floor button in the lift.

The whole purpose of this exercise is to

question the assumptions and generate

new patterns of thinking.

Another way which helps creativ

thinking is through pairing, like how

this game below lets us go beyond the

obvious.

There are 2 sets of word lists; using

the pairing concept, attempt different

pairings between the word list..we

can see how many thoughts can be

generated.

List A: Toast, Prophet, Chip, Tail

List B: Runway, Formula, Lollipop,Pyramid

Immediate thoughts

.toast and lollipop are both edible

.prophet and pyramid both occur in

ancient cultures

.tail and runway are both to do with

airplanes

.chip and formula require mathe-

matics

Now put your thinking caps on and

lets think of some more pairs..trynot to look below.

Further thoughts

.toast and pyramid can be the same

shape

.chip and lollipop are both liked by

children

.tail and formula can both be very

long

.prophet and runway suggest depar-

ture to the future

As you can see, creative thinking leads

to an exposure to a multitude of new

ideas.

So lets keep practicing this regularly

in order to develop and establish crea-

tive thinking as a habit, as a sense of

challenge and achievement.

-Liselle Dsouza

CREAT+VE

Creative Thinking

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Meet the members of the Sun-

set Club: Pandit Preetam Sharma,

Nawab Barkatullah Baig and Sardar

Boota Singh. Friends for over forty

years, they are now in their eighties.

And every evening, at the sunset

hour, they sit together on a bench in

Lodhi Gardens to exchange news and

views on the events of the day, talking

about everything from love, lust, sex

and scandal to religion and politics.

As he follows a year in the

lives of the three men from January

2 6 , 2 0 0 9 t o J a n u a r y 2 6 ,

2010 Khushwant Singh brings his

characters vibrantly to life, with his

piquant portrayals

of their fantasies

and foibles, his

unerring ear for

dialogue and his

genius for captur-

ing the flavour and

texture of everyday

life in their house-

holds. Interwoven

with this compel-

ling human story is

another chronicle

of a year in the life

of India, as the

country goes through the cycle of sea-

sons, the tumult of gen-

eral elections, violence,

natural disasters and cor-

ruption in high places.

In turn ribald and

lyrical, poignant and pro-

found, The Sunset Club is

a deeply moving explora-

tion of friendship, sexual-

ity, old age and infirmity;

a joyous celebration of

nature; an insightful por-

trait of India s paradoxes

and complexities.

-Lino James

Char Bag gaye hai lekin

party abhi baki hai.. is

something which resoundedthe IIFM corridors for weeks

after its music release. The

song is from the movie

Faltu. This was the song of

all our parties that energized

each one of us during our

stressful and hectic college

times. There have been many songs

that have come in the past for party

freaks but this song felt so muchcloser to us. From being Our Song

we rate it at 4.5/5.

-Shanjali Shahi

Book: The Sunset Club by Khushwant Singh

Music: Chaar baj gaye from the movie Faltu

This system is the ultimate

dual-purpose computer: its a laptop

and a tablet, with all the features

commonly found in both. This in-

cludes a physical keyboard and mouse

trackpad, but also sensitive touch-

screen and multitouch features found

in tablets.

But whats the advantage of

this convertible computer? Why not

just buy a laptop or a tablet, or both?

Well, cost for one thing. Most people

buying a tablet like the iPad have a

standalone laptop or desktop, for a

more robust computing experience,

plus to store more files, photos, etc.

Much more than the iPad could possi-

bly hold. The cost of buying two sepa-

rate systems adds up.

-Nalesh Labde

Tablet PCs are the ultimate

convertible computer; you have a

beautiful laptop with a 12.1-inch

screen (on average), a keyboard to

type away and a mouse trackpad to

navigate the screen. But swivel the

screen around and youve got a fully

functional tablet, much like the Apple

iPad. Unlike the iPads somewhat lim-

ited iOS, the tablet PCs we looked at

run a full version of Windows 7.

Gadgets: Tablets War

REVIEWS & FEATURES

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Bade Miyan is the legendary

tandoori eatery that guarantees an

interesting alfresco dining experience

- if you are lucky enough to get a seat

that is! Behind Taj Mahal Hotel, in

Colaba this kebab

corner opens only in

the evening and

turns the whole

street into one

crowded open-air

restaurant. Such is

its popularity.

It is about a

well-loved city land-mark and you will

either love it or hate

it, but you simply

cannot ignore it.

Drive down

the grotty bylane

behind the Taj, ignore the mangy

dogs and order from the rubber-

chappalled waiter. An awesome

aroma of grilling meat from the open-

air charcoal grills and Roomali Roti

from the tandoor fills the air.

M. Haq's father started this

kebab counter 53 years ago, and his

long beard earned him the nickname

of "Bade Miya".

Today, it is a night-eater's

paradise, with electronic signs wel-

coming you. Go if you have a cast-

iron stomach and enjoy eating on the

street. Its succulent stuff, somewhat

greasy, but reasonably priced.

Bade Miyan also

doubles up as a drive-

through restaurant. You

enter from one end of

the lane, have your

chicken tikka served to

you in your parked car,

and you exit through the

other end.

The menu con-

tains Khiri-Kaleji ,

Bheja, tikkas, Baida

Roti, Reshmi Parathas,

Tandoori rotis, naan and

veg dishes. On average

it gets a rating of 3.5/5.

-Aishwarya Limbasia

expensive doesn't bother them at all.

Prive, winner of the "Times

Nightlife Award

2008" for the best

nightclub in South

Mumbai, continues to

redefine high end

clubbing and seam-

lessly delivers a truly

world-class experi-

ence be it in the

choice of liquors, the

cocktails, the Cham-

pagne bar, the Oyster

bar , the Dom

Perignon Lounge and even the bar

snacks (which include sushi). Hand-

somely black and femininely mysteri-

Perched at the southern tip of

dagger shaped Mumbai, this sexily

glamor-

ous bar

a n d

n i g h t -

club con-

tinues to

be popu-lar with

t h e

younger

clubber.

T h e y

m e e t

their own crowd there, they find it a

"killer" place with classy ambience and

great music. And the fact that it is

ous spaces are created with the artful

use of glass, acrylic, and water-bodies.

They offer it all, from the pri-

vacy of the Mini Suites and the gran-

deur of the Lotus Tables to the con-

templative serenity of the Ice Bar.

Situated near the Radio club in Co-

l a b a ,

Prive gets

a rating

of 4.5/5.

Aishwarya Limbasia

REVIEWS & FEATURES

Food: Bade Miyan

Party: Prive

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What lives when you give it food but

dies when you give it water?

It gets wetter and wetter, the more it

dries.

-

Explore our Fun Pages for trivia,games, puzzles andintergenerational activities.

Funny Motivational Story

Point-less

Joke

I just got lost in thoughts. It

was an unfamiliar territory..

Riddles

The following puzzles pertain to different forms of communication. Name them...

Reginald's New Diet

Reginald was terribly overweight, so his doctor placed him on a strict diet. "I want you to eat regularly for two days, then

skip a day, and repeat this procedure for two weeks. The next time I see you, you'll have lost at least five pounds," his

doctor assured him.

When Reginald returned he shocked his doctor by having lost almost twenty pounds. "Why, that's amazing," the doctor

said, greatly impressed. "You certainly must have followed my instructions."

Reginald nodded, "I'll tell you what though, I thought I was going to drop dead on the third day."

"Why, from hunger?" asked his doctor.

"No, from all that skipping.

Lesson: A different perspective can yield better results. Therefore, learn to be open to all possibilities. Do

not short-change potential results with narrow, limited thinking.

13

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In IIFM even at the GD/ PI

students are interviewed by

corporate. All faculty member

from a corporate background

provides us with guidance on pr

situations. The industry expo

given to students of IIFM

different from other B- Sch

Rukkaiya Khatoon (IGPM

The faculty here at IIFM

excellent they make learning

beautiful experience. Also

corporate exposure we get her

at the graduate level is awesInteracting with seniors , who

fot experience really helps

getting ready for our futu

Isha Goraksha (IGPM)

Even after being a new player

educational league IIFM h

maintained its standard by pr

quality education, experien

faculty, corporate exposure,with good infrastructure a

administration they even g

emphasis to extracurricul

activities, Im sure these th

really help in overall developm

an individual.

-Maulik Solanki (PGPM)

IIFM is the only college wh

conducts so many guest lectutoo give students a platform

interact and extract as much p

from the experienced corpor

Students get placements even

getting their results in han

-Ravi Gupta (PGPM)