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EDITORIAL BOARD: Dr. Archana Mahamuni

ADVISORY BOARD: Dr. Sujata Shahi Dr. Saima Rizvi

DESIGN BY: Mukesh Singh

STUDENT EDITOR: Manan Porwal, PGDM 17-19





"Arise, Awake And Stop Not Till The Goal Is Reached" - Swami Vivekananda.

Arise! Awake! Approach the great and learn. Like the sharp edge of a razor is that path, so the wise say−hard to tread and difficult to cross.

Arise, awake, sleep no more; within each of you there is the power to remove all wants and all miseries. Arise and awake, for the time is transitory and all our energies will be dissipated away in futile talking. Arise and awake, let trivial things, and clashes over little details and quarrels over little dogmas be thrown aside, for here is the supreme of all works, here are the sinking millions.

TABLE OF CONTENTS Student Column • Industry Academia Conference • Renew Green Quiz • Industry Academia Meet at IILM • Visit to Induslnd Bank • Session On Thought Leadership • Minds On Fire-brand Quiz • Mother Dairy Plant Visit • Pariksha Pe Charcha • Stock Mind Season 6

5 7 8 10 11 12 13 14 15

Life @iilm Gurgaon Campus • Mosaic • Christmas Celebra ons • Basketball Match • Saraswa Puja

16 19 20 21

Faculty Ar cle • Impact Of Demone sa on On MFIS in India • ICOs The Alterna ve Method Of Public Fund Raising… • Awareness Building Exercise On Ar ficial Intelligence

22 24 26

Book Review • My Bedside Feast


Faculty Achievements


Alumni- Interac on



On 17 January, 2018, CINQUE organized an “INDUSTRY ACADEMIA CONFERENCE – 2018” at INDIA INTERNATIONAL CENTRE where IILM was one of the key sponsors. Theme of the conference:- COCREATING EMPLOYABLE FUTURE LEADERS The main topics for the conference were1. Managing Diversity : Issues & Challenges 2. Harnessing the Poten al of Millenials and Gen-Z 3. Heightening Industry Academia Collabora on for Co-Crea ng Employable Leaders The conference started with inaugural session with opening remarks from Prof. B A Metri, IIM Trichy where he talked about up-scaling the industries and he also quoted “Na ons are not destroyed by missiles but by poor educa on”. It was followed by conference mentor remarks from PADMA SHREE Dr. Pritam Singh, CEO – LEAD Centre and he threw light upon the five pillars of educa on which includes Ÿ Cogni ve Skills Ÿ Emo onal Quo ent Ÿ Social Quo ent Ÿ Global Quo ent Ÿ Quo ent of Learnability This was further extended by Mr. S Y Siddiqui, Chief Mentor, Maru Suzuki who provided relevant informa on regarding fuel free cars in future and further his thoughts can be summed up by a very beau ful quote ”Success can be achieved if we replace already achieved one ”. At the end of inaugural session, the vote of thanks was given by Subrat Kumar, CEO of Cinque. A er inaugural session, there was discussion on “Managing Diversity: Issues & Challenges” in Industry as well as academia. The moderator for the same was “Dr. Sanjay Srivastava – VC, MRIU and the speakers were Ms. Mamata Vegunta – Head HR – INVESCO. She said that diversity should be present at all levels in the organisa on and diversity at rou ne task and leadership should be there. She said that they focus more on gender at leadership level and global mentoring program rather than anything else. 2nd Speaker was Mr. Harsh Sachdev – ED, IOCL who spoke about the different challenges like stereotyping of woman, segmented communica on, etc. and there solu ons opted by Indian oil like mentoring, upgrading skills and

managing diversity from the star ng only ie. from selec on process only. And he also shared his wi y thoughts enlightening the crowd with the same with a very relevant example of GEM(General, Engineer, rd Male) category. 3 Speaker was Ms. Meenakshi Davar – Director – HR, POSOCO who said that Diversity should be everywhere (emo onal, office, etc.). We should treat everyone same but treat them differently and should always think about win-win situa on. She also said that they provide internship opportuni es to NGO's. Last Speaker of the session was Prof. Subir Verma – Prof. and Chairman, FORE. And he ended this session with the quote “Diversity is a given fact, but incusion is our choice”. A er this IAC AWARDS CEREMONY took place with session president – Mr.P Dwarkanath – Director, MAX. Chief Guest for the same were Mr. DD Sharma – Director – HR, ONGC and Padma Shree Dr. Pritam Singh – CEO, LEAD Centre. The jury members were – Mr. A D Burman – AVP – HR, Maru Suzuki, Mr. Dhananjay Singh – DG, NHRDN, Ms. Mamata Vegunta – Director – HR, INVESCO and Mr. Kamal Singh – ED, Global Compact Network. A er awards ceremony, there was discussion on “Harnessing the Poten al of Millenials and Gen-Z”. The moderator for the session was Ms. Asha Bhandarker – Dis. Prof., IMI and the speakers were Mr. D P Singh – Head HR, IBM(INDIA & SA), Mr. T K Srirang – Head HR, ICICI Bank, Dr. Pra ma Sheorey – SCMHRD and Dr. Rakshita Sharma – Consultant. Ms. Asha asked four ques ons to all and the ques ons were :1. Who are Gen Y and Gen Z and are they really different? 2. How is industry handling or planning to handle the change or difference between two? 3. How B-school are preparing or prepared to train students for corporate? It was followed by last session on “Heightening Industry Academia Collabora on for Co- Crea ng Employable Leaders”. The moderator for the session was Dr. H R Chaturvedi – Director, BIMTECH and the speakers were Ms. Anuranjita Kumar – MD – HR, Intl. Hubs, RBS, Mr. Niranjan Gupta – CFO, Hero Motocorp, Dr. P K Biswas – Director – IFMR, Chennai, Dr. M P Jaiswal – Director – IIM Sambalpur and Mr. Kamal Singh – ED, Global Compact. The Conference ended with the valedictory session and takeaway which was given by Padma Shree Dr. Pritam Singh CEO, LEAD. PG 17-19 Batch Student Coordinators:- Nayan, Masoom, Kajol, Alisha, Ekta, Aman, Rahul, Aashirwad, Chaitanya, Pooja, Sidharth. Faculty Co-ordinator – CA Vishal Goel

RENEW GREEN QUIZ The business quiz was held on 18th nov, 2017 at Excelsior American school, Gurgaon. The Theme of the quiz was “The Right Answer for a Sustainable Tomorrow “. The owner of the ReNew Power welcomed us and told us about the startup of ReNew Power. Large number of the teams par cipated in the quiz from various er-1 business schools and corporates. Then, we were introduced with quiz master whose name is Avinash Mudaliar. He is the founder of and has hosted many quizzes and has also won many of the quizzes . We came to know about the Business Quiz from our faculty Mr. Vishal Goel. This created a sense of excitement in all the students. We were excited because all the Tier-1 B-schools and corporate people par cipated in this event. About 40 students a ended the Business Quiz and all were happy as they will acquire great knowledge from this. In the B-schools round our college students par cipated ac vely as the audience. As the topic of the quiz is something different from general quiz which is renewable energy. So, we will come to know new things. We get a great exposure about how important this energy is in near future and also get to know that many of the companies are using techniques to save energy. For example McD sign uses less ink and save lot of ink. We were amazed to see the par cipants have a great knowledge . In the corporate round the difficulty level of the quiz was very high. We were astonished to see their knowledge level and the TCS AND SAI MITRA CONSTRUCTION team was of great inspira on to us as they were giving answers even before the blink of an eye. They were full of knowledge we get to know about energy a lot in this that thermal energy is the most used source in India. This round inspired us to enhance our knowledge by reading more and grab the opportuni es where we can showcase our skills and improve. Regards PG17-19 Batch Faculty coordinator: Prof. Vishal Goel

INDUSTRY ACADEMIA MEET 2018 at IILM Conven onally, educa on is portrayed as a process of enabling learning or acquiring knowledge, habits & skills with the inten on to be transformed into a socially acceptable person. Right educa on unbolts plethora of avenues for an individual which can be exploited to reap resounding success in life. With changing mes, the educa on system too, has become irrevocably dynamic and hence the responsibility of educators heaves up manifold to equip future leaders with an accurate incubator for maximum mutual benefit. Evidently, organiza ons constantly put an employee's me le to a test by observing how poised he/she is in countering mundane business worries. Hence, employers incessantly hunt for people who are cogni vely flexible, smart & confident to make their business grow. As though ul educators, the management of IILM decided to engage in a radical discussion with established loyalists to iden fy the lacunae and incorporate sugges ons to make the teaching model oriented towards students' success. The objec ve of the Industry Academia Meet 2018 was thus boiled down to acclima ze with measures that add up in making a student fit for the corporate world. The deliberated meet also intended to probe for ways to inculcate prac ces that make teaching model most innova ve. Restraining students to classroom teachings could be quite delirious to their careers and would eventually hamper the organiza onal excellency, especially in the contemporary set up because organiza ons are in dire need of versa le personnel. To address & resolve this percep ble issue, eminent personali es from organiza ons like Future Group, IndusInd Bank, Nestle, Bata, Oracle & Marks & Spencer nodded to par cipate in the dialogue. The discussion peeled off with Senior Director and other Faculty Associates elabora ng about the prevailing structure of educa on at IILM, wherein they explicitly explained all the modules across different domains of specializa on, the blueprint of extra-curricular ac vi es, management-oriented engagements & finally expressed the openness to adopt experimental learning. Post understanding the en re schema, the industry guests adorned the gathering with alluring proposi ons, some of which are envisaged as under: •

Students must drive majority of func ons: Borrowing cues from his alma mater, one of the guests suggested that a student would learn more by doing. A pla orm must be created whereby students are given lead to plan and execute events, sessions or fes vals as learning does not happen in isola on. Doing so will help them learn how to tackle difficul es and think faster.

Clarity of thought process: This goes to explain the ambiguity that virtually no student is spared of while thinking about choosing the specializa on. One way to sort this issue is by connec ng every

student to industry mentors over and above the faculty mentors to keep them at pace with industry expecta ons from different domains. Once this is achieved, the college must give all possible insights relevant to that domain. •

Student focus is most pivotal: An important point enumerated by one of guests signalled that most students keep hopping off across different ver cals that ul mately fosters job dissa sfac on and resentment. Thus, a student must inves gate his/her area of interest to perform sensibly at workplace. The aim must not be to get the job but to make a career.

Curriculum must lay more emphasis on learning through case studies. This form of educa on is more prac cal and would enhance the a tude of brainstorming.

Faculty training: It meant to highlight the importance giving proper, mely induc ons to faculty members so that their contribu on is also improved. This would also help them understand that every student is different and needs to be developed on a case to case basis.

Working on so skills: Students need to be highly polished while presen ng themselves to the community. Dashing communica on skills are a pre-requisite to business success and must thus be given prime importance.

Summer Internship Program (SIP): By far one of the most influen al factors in securing jobs is by demonstra ng the learnings acquired by a candidate during his/her appren ceship. Mosdt organiza ons welcome candidate with a good founda on and prior understanding of business know how which could be established through undergoing a good training. The guest also suggested that students must be mentally tough to advocate severe grinding during this s nt as it ul mately does more good than harm. Important to men on that it also reduces organiza on's cost in some cases.

Use of technology: Technology should be used in a wise way. It should not jeopardise the use of books that have world of wisdom and be er ways to sort our queries.

Ins tu ons must also give me to students to absorb huge amount of informa on as well as me to introspect. Some of the top colleges have moulded their curriculum to match with a student's requirements.

Use of LinkedIn: This undoubtedly remains an indomitable source to search numerous opportuni es. Accordingly, it can induce ac ve learning and serve to be a mul purpose source.

Delving into these sugges ons would lead to rewarding outcomes, for both students and the ins tute. In totality, the agenda to explore and acquire progressive ideas was adequately met. It is a ma er of pride and honour that these sugges ons would be incorporated in IILM's silver jubilee year of establishment coupled with its achievement to be accoladed as a University. Hoping it glorifies the educa on level once again and meets the expecta on of its stakeholders with staggering performance in the educa on industry.

Manan Porwal PGDM-I

VISIT TO INDUSLAD BANK They say anyone who stops learning is old, whether at twenty or eighty. Hence, to give wings to the learning objec ve of aspiring Bankers, the management organised a visit to IndusInd Bank's M. G. Road branch on 20/12/17. The en re episode was escorted under the tutelage of Prof. Shegorika Lalchandani, who is an Associate Professor of Finance & Accounts. Such visits are an integral component of Career Trek scheme that aims at ensuring that all par cipants are enlightened with a prac cal outlook, something that is mundane with IILM's teaching model. Visi ng one of the top Indian banks certainly added lilies to the bouquet as it gave us a glimpse of a typical work environment in a bank. Eager to grasp all that we could, we were fortunate to meet Mr. Parvinder Singh, who holds the coveted posi on of Bank Manager. He graciously outlined several no ons that drives the banking industry in a crisp fashion throughout a very descrip ve conversa on. He also briefed about the expected level of understanding, the type of a tude and the right set of skills that a candidate must exhibit to perform and reach to the zenith in banking industry. It is a well established fact that Banking is a very dynamic industry and one needs to be agile in carrying out any opera on as a bank employee. Furthermore, Mr. Singh apprised us with the trends & concepts such as FinTech, Industrial Revolu on 4.0, how the sector has evolved in 21st century and how bright the future looks like for Bankers. He narrated a process called '4 eyes' to jus fy how me culously a transac on is carried out in a bank to minimalize the possibility of an error/fraud. All opera ons and ac vi es, are thus carried with rapt a en on as any folly could tantamount to severe repercussions. At last, he welcomed and sorted ques ons escalated by us and suggested that one must always be inclined towards working hard to reap the most desired dividends in life. In the nutshell, it was an enthralling experience that added interest to our bank of knowledge and intrigued us to possess & analyse with a pragma c frame of mind to connect be er with classroom teachings. Manan Porwal Team SCOP

SESSION ON THOUGHT LEADERSHIP Mr. Sanjay Kumar from IBM India Corp took an interac ve session on Thought Leadership which happens to be a very contemporary concept. During his interchange, he covered various aspects of the term, star ng with explaining the meaning of the term and its prac cability in today's me. Thought Leadership can be defined as a type of content marke ng where one can tap into talent, experience, and passion inside the business or from the community, to efficiently answer the biggest queries in the minds of target audience of a topic. It also means to furnish the most prudent and meaningful answers to your stakeholders' biggest ques ons, in a manner that the audience understands. He corroborated his views by taking the example of well-known thought leaders and explained that it is a process that begins at a very primal stage, on an issue which remains untouched and unsolved. It produces the best results when an intense research is coupled with thorough knowledge of the subject ma er. Carefully understanding the challenges of the customers and pu ng all the energies in determining the solu on is a way to go in Thought Leadership. If applied judiciously, a company can use it to effec vely to support their overall mission. In totality, Thought Leadership is the result of a strong content strategy and refers to a poten ally winning strategy to create and increase the demand for a product or a service. Manan Porwal Team SCOP

MINDS ON FIRE-BRAND QUIZ The marke ng club at IILM came up with yet another ac vity to which they named as Minds on Fire-The Brand Quiz. Addressing fi y plus audience, the event turned out to be extremely frui ul for students in terms of gaining industry specific knowledge and self – confidence. Minds on Fire was all about speed, accuracy and improvisa on of thoughts to bring the best out of all. Quiz was framed around four rounds- Mild Fire, Chocking Fire, Wild Fire and Minds on Fire. The very first round- Mild Fire was based on brand logos. Under this round, teams were shown logos of various brands. Second round was named as Chocking Fire. This round was based on CEOs of various brands. Contestants were shown the images of various eminent CEOs and were asked to iden fy their names along with the brand they are known for. “The more informa ve is your adver sing, the more persuasive it will be’’, keeping this thought in mind we designed the third round – Wild Fire. Contestants were provided with a visual of adver sement with no audio where they were supposed to iden fy the brand name behind the adver sement. Finally, the most awaited round was disclosed to all the par cipants. Minds on Fire was a Rapid Fire round. Each team chose one digit between 1 to 10. The chosen number acted as the number of points to be added for every correct answer and deducted for every wrong answer. Therefore, this was the game changing round which was completely relied on the luck and number of correct answers spoken out by teams within ten seconds. Since the quiz was addressing fi y plus audience from both PG1 and PG2, some ques ons were designed for audience as well which resulted in ponderable par cipa on by par cipants as well as audience. The event ended with a gra tude speech for all concerned facul es and students responsible for organizing the ac vity. Also, the winning and runner-up teams were praised with cer ficates of apprecia on. Minds on Fire evaluated students on the basis of their knowledge and awareness about renowned personali es and products exis ng in the market. Such ac vi es at IILM are nothing new and are o en conducted to enrich students with all significant skills and self – confidence so as to groom them for compe ve corporate world. Thank you! Ms. Arpita Sharma, Student Coordinator-Marke ng Club, IILM GGN Dr. Archana Mahamuni, Faculty Coordinator-Marke ng Club, IILM GGN


18 December, 2017 th

The company visit was undertaken by IILM ins tute for business and management, Gurgaon on 18 December, 2017 wherein, nearly 30 students visited the Mother Dairy factory plant, 30,New Patpar-Ganj Road, New Delhi 110092 . The objec ve of the visit was to get the insights about the FMCG industry and how it operates. This was to make to learn the students, what are expected skills, knowledge and exper se required to make a successful career in that industry. This further will help the students to build a network base. Mother Dairy, Delhi was established in year 1974. The slogan of mother dairy is “happy food, happy people”. Mother dairy deals in milk and other dairy products. 8 lac litres of milk is processed at a me in the plant. Mother dairy follows the en re 4 step process, following are those steps: • The first step is procuring milk from the farmers in villages and collec ng the milk at collec on centre. The milk is then tested for its quality. A er the successful quality tests, milk is chilled at 4 degree Celsius. This is done to prevent the quality of milk for longer dura on of me. • The second step involves bringing the collec on tankers to the plant. Here ini ally, 24 parameters tes ng of the milk is done. It is only when the milk is taken inside the plant, when it passes all the 24 parameters. Only good quality milk is taken. If it fails then the milk is rejected. • The third step is processing of the milk which further consists of 4 steps: • Clarifica on: it involves cleaning of unwanted waste from the milk. • Pasteuriza on: it involves hea ng the milk without affec ng the nutri onal value of the milk. • Storing • Packaging Mother dairy has different variants of milk like Toned milk, Double toned milk, Skimmed milk Learning Outcomes Through the Mother Dairy factory visit students got prac cal understanding regarding · Produc on process and means of marke ng. · TPM philosophy of Mother Dairy · Distribu on formats and how they operate in such industry where goods are perishable in nature. · Plant layout and loca on, further gave a prac cal understanding of supply chain and logis cs management. Ms. Maitri Singh PGDM 2017-19


On 16 February, PM Narendra Modi interacted with students at Talkotra stadium. The occasion was graced by many other dignatories like Union Human Resource Development Minister Prakash Javadekar, law minister Ravi Shankar Prasad and Minister of Science and Technology Harsh Vardhan. The session witnessed over 2500 students listening to our esteemed prime minister. He took ques ons related to exam stress from students across the country. A er releasing a book on exam stress earlier, prime minister asked students from across the country to share their ques ons and he addressed those ques ons in the session. He urged the students present at the session to consider that they are talking to a friend and not a prime minister. Students asked Mr. Narendra Modi various ques ons such as how to keep confidence high during me of exam stress, and in reply prime minister said that the only way to keep confidence is to do hard work and stay focused and having the right skill set boosts confidence. To another ques on regarding concentra on, he recommended yoga and said we must start with the easiest yoga asana, one that comes naturally to us. We shouldn't try to start off by doing something difficult and said to focus defocusing at right me and regular intervals is very important. The PM also urged parents as to not to pressurise their children by looking at the ranks of other children as a ma er of societal status or social pres ge. In a ques on about EQ and IQ he replied by sta ng that a healthy balance between EQ and IQ is very important, as emo onal bonding is extremely important for the overall development of a human being. In the end he thanked everyone for joining and greeted everyone and waved to all and then he walked out. The best thing we liked about the session is that not even once he tries to promote his party or Government policies. This event remains a pure interac on between PM and children, So everybody in the audience loved this and in end shown their gra tude with standing ova on and a huge round of applause. Students : PG17-19 Batch Faculty Coordinator:- Prof. Vishal Goel

Stock Mind Season 6 Stock Mind Season 6 was conducted on 2nd February, 2018 by ICICI Securities at IILM Gurgaon. The competition provides an online trading platform to students to trade with virtual money for a week's time. The competition provided them an idea about the trading process and helped them to construct a diversiďŹ ed portfolio. This was the intra-college round followed by the national round where the winners would be participating with various national level universities and IIMs. Students have an exposure as to how to track the market and trade in various stocks by placing orders in the market. This simulated environment gave them an in depth hands-on understanding to stock trading without incurring any real loss. Faculty Coordinator: Dr Saima Rizvi

Life @IILM

Gurgaon Campus

MOSAIC' 2018 On 7-8th march, 2018 IILM Gurgaon diligently organized its annual fest –“MOSAIC”. Mosaic is a fusion of cultural, business and sports events. This event provided an opportunity to the students to showcase their talent and compete amongst the best in educational institutions of Delhi and NCR regions. The fest comprised of various different events namely Fun cricket, Table Tennis, Carom, Ad-mad show, Dalal Street, and much exciting once like Group dance and street play. The college was beautifully decorated with marvelous pieces of craft. The building was lighted and the posters of the fest were displayed all around. Teams from colleges like Deen Dayal Upadhyaya college, College of vocational studies, Maharaja Agrasen Institute of Management Studies, Shivaji college, Shyama prasad mukherji college for women, Keshav Mahavidyalaya, Sri aurobindo Dyal Singh Evening, Agarasen Institute JIIMS Rohini, IILM Jaipur, and IMS Ghaziabad along with teams from IILM , Gurugram majorly became part of the fest. The long awaited day dawned, on 7th March, the day began with a lot of enthusiasm and energy. “The moment of victory is much too short to live for that and nothing else,” said Martina, tennis player. Apart from commemorating victories, sports also aim at imparting lessons on sportsmanship spirit. Prof. CA. Vishal Goel the faculty head for the event inaugurated the first event that was “FUN CRICKET”. In all 14 ambitious teams from different colleges around the city took part in this. The matches began at 9:00am. The teams showed whole lot of energy and enjoyed the sport, 4 teams were qualified for semifinals from which the finalists were selected. All the players were served with refreshments and the finals th for the event was scheduled for 8 march. At the end the crowd departed with smiles on their faces bidding goodbye to the day full of energy and a lot of memories to be cherished. th

On 8 march, the day began with the auspicious lamp lighting ceremony and a tribute to goddess saraswati and lord Ganesha by our directors Mrs. Sujata and Dr. Mala. Entire IILM family's presence made the

inauguration more sparkling. A welcome speech was given to warmly greet all the participants. The crowd was prepared to enjoy the odyssey of events and pamper themselves with the mouthwatering dishes presented by our food partners :- Subway, Dos Bakers and House Cafe. The schedule for the day was announced so as to acquaint the participants with the venue and time of each event. After kicking off semifinals of FUN CRICKET the previous day, now was the judgment day. The finalists geared up and were ready to compete. The Tone for the day was set up by a Friendly match of fun cricket among Faculty

Mosaic Fun Cricket Winner Team members. This really motivated the students. Simultaneously CAROM AND TABLE TENNIS were being held at the respective venues. The event was flooded with participants all excited to take part and show their skills. Starting the day with sports boosted up the crowd. Business quiz was conducted inside the hall where students had to use their immense knowledge and compete with all the bright ones. The faculty and student coordinators efficiently managed the participants and led to success of the quiz on healthy note. As rightly quoted by SEAN YATES “Good morale in cycling comes from good legs” Further events like slow cycling unwrapped the thrill and joy. The participants were made familiar with the rules and the elimination round. This event was sponsored by Mobycy and the winner was awarded a beautiful trophy and goodies from mobycy. TREASURE HUNT was being conducted simultaneously, an event which was eagerly awaited by all. Firstly the teams were filtered with the elimination round that was a quiz. The qualifying teams had to search for the hidden clues and reach out for the final hint so as to win the event. Lucrative cash prize was awarded to the winning team. Meanwhile the students enjoyed delicious food and beverages served. Next was the most exhilarating and invigorating event “DALAL STREET”. The event was organized by the members of finance club. A miniature of dalal street was created wherein teams were given a particular amount which was to be invested in various securities with help of the brokers so as to increase their amount to maximum. It was a knowledgeable plus fun thrilling event. The participants and the audience both enjoyed the display. Further in line were the most dramatic, impressive and provocative events, the AD-MAD SHOW and THE STREET PLAY. Where Ad mad was all about fantasies and imaginations which got

Mosaic Dalal Street the audience rolling on the floor, on the contrary teams in the street play depicted the insight realities of life through acting. The energy, power and the acting passion of the students gave Goosebumps to the audience and the judges as well. Entire crowd was engrossed and awestruck by the way teams threw light on major social issues. The fest took a new turn and was one the highlighted events of the day. Last but not the least was THE GROUP DANCE, a step towards falling in love. The heart beats went up and everyone was eager to sink in the depth of music, songs, lights and joy. The evening was lit by captivating and scintillating dance moves presented by the teams. The young dancers made everyone go WOW! With firework of their rapid moving steps. The event was closed by the prize distribution and an encouraging speech by the chief guest. The stage was open for everyone to dip into the tunes of the DJ and enjoy. MOSAIC'2018 was a great success as a result of great efforts shown by the students and faculty of IILM Gurgaon. POOJA AGGARWAL - PG 17-19 Batch Faculty coordinators: CA.VISHAL GOEL, Dr. VIDHISHA VYAS

Mosaic Ad Mad Winner Team

CHRISTMAS CELEBRATIONS December 21 2017 The IILM Gurgaon family came together for yet another event on campus - Christmas Celebrations. The event was organised by Utsav - The Cultural Club on the 21st of December 2017 with involvement from students, faculty and staff members. Hosted by Rishabh Saxena and Chirag Jain (PG Year 1), the key highlights from the event included Christmas Carols to Team building activities and Secret Santa. The team building activity saw the coming together of faculty members along with students in teams of 5 members. The activity required the teams to cross over from one end to the other while stepping on bricks. The challenge the team members had to hold each others' hands while they crossed! The activity was enjoyed by the teams and saw healthy competition and strategy coming in to succeed. The winning team sang a Christmas Carol along with the Choir to ring in the celebrations. The second was an individual Balloon activity, including faculty, staff members and students alike. The objective was to have the balloon in one's hand by the end of the game. This activity was followed by a few dance performances by Richa (PG Year 1) and Arham Jain (PG Year 2). Himanshi Garg, Nayan and Shefali from PG Year 1 graced the stage with their melodious voices (PG Year 1). The evening ended with Secret Santa - the IILM Gurgaon community was informed prior to the event that they could bring a small gift / message for anyone in the college and place it around the Christmas Tree placed in the Solar System area. Many wrote notes while a few got presents. The event was highly engaging and set the note for the upcoming Festival and was a great way to ring in the New Year! Faculty coordinator : Prof. Urvashi Nandrajog, Dr. Sweta Aggarwal Student coordinators and participants : Rishabh Saxena, Priya Yadav, Chirag Jain, Kajol, Himanshi Garg, Nayan, Shefali Mittal, Richa Sharma, Masoom, Charu (PG Year 1) Harbind Singh, Arham Jain (PG Year 2)


BASKETBALL MATCH As we know education plays a vital role in student's life, so does sports. It has been forgotten that academic learning and sports education complement each other. If sports education is carried out accompanied with the academic curriculum, the overall personality of the student is increased to quite an extent. The qualities of the leadership, sharing, team spirit and tolerance are learnt from sports.


So, keeping this thought in mind SPORTS CLUB of IILM GURGAON organised a basketball tournament for the students on 1st December 2017 under the guidance of Faculty coordinator of sports club CA Vishal Goel.

Students were pretty excited as they got a platform to showcase their sports spirit and talent. There were four teams consisting of the students from PG1 and PG2. Keeping the motto of promoting girls in every walks of life, every team had three members (2 BOYS & 1 GIRL). The teams played a game for duration of 15 mins each in 1st round and final round is of 10 mins. The name of teams were 1. BAZOOKA 2. IILM STRIKERS 3. IILM WARRIORS 4. DOMINATORS First match was between DOMINATOR & IILM STRIKERS. In which IILM STRIKERS won the game by 20 points. Second match was between BAZOOKA & IILM WARRIORS . BAZOOKA team won the game by 16 points. Final game was between BAZOOKA & IILM STRIKERS. The winner team was IILM STRIKERS' and the members were SWARAJ BAID, LINGRAJ DAS & NANDINI KEDIA. The team was rewarded with cash prize. And the 1st runner up team was BAZOOKA and the members were RISHABH SAXENA, HIMANSHI GARG & DHRUV ARORA. They were rewarded with a box of chocolate. Other than participants, audience also showed their interest and excitement. Everyone enjoyed a lot. REGARDS SPORTS CLUB Faculty Coordinator-Prof. Vishal Goel


Saraswati Puja- 22nd January 2018 On the auspicious day of Basant Panchami, students and faculty of IILM Gurgaon came together to seek the Blessings of Saraswati Mata - the Goddess of Knowledge, Art, Music and Culture. In the presence of Dr. Sujata Shahi (Senior Director, IILM Gurgaon), Dr. P. Malarvizhi (Director - Academics), Dr. Vidhisha Vyas (Dean - Student Affairs), Dr. Shegorika Lalchandani (Dean - PG Programme), Prof. Radhika Madan (Dean - UG Programme) and all the faculty and staff members of IILM Gurgaon. The event was organised by Utsav - The Cultural Club. From Independence Day, Navratri Celebrations to Christmas and Saraswati Puja, Utsav - The Cultural Club has organised celebrations of festivals with great enthusiasm. These celebrations ensure that students always feel at home at the institute and makes the entire IILM Gurgaon family come together. The event saw participation from all the students across Undergraduate and Post Graduate students who offered their prayers with great devotion. The ritual was performed by Mr. A. K Singh who recited hymns and explained the importance of the occasion. The event concluded with an Aarti and serving of Prasad to everyone present. Faculty coordinator: Prof. Urvashi Nandrajog Student coordinator for the event : Ms. Sanjana Banerjee, Ms. Sanghita Baruah, Ms. Kajol and Ms. Masoom


November 8 , 2016 at 8 pm was a new move to a step towards a corruption less India. There were mixed reaction from various corners of India on the demonetization of Indian rupee. All sectors have been impacted by the demonetization of the Indian rupee and so has the microfinance institutions. This article is an attempt to study the impact of demonetization of Indian rupee on the microfinance sector and the way forward in the coming times. The definition of “Demonetisation” as per Investopedia is “the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency”. This implies that the old unit of currency must be retired and replaced with a new currency unit. NABARD (2000) defined micro finance as the “provision of thrift, credit and other financial services and products of very small amounts to the poor in rural semi – urban or urban areas enabling them to raise their income levels and improve living standards”. The reserve bank of India (RBI) uses the same definition (RBI 1999). Thus, it can be concluded that Microfinance and Financial inclusion go hand in hand. And with time MFIs have become one of the vehicle of the financial infrastructure catering to the unbanked population in across the globe including India. In Indian the microfinance industry, NBFC-MFIs hold a substantial share and are governed by RBI regulations. As on date there are 71 NBFC-MFI registered with the RBI. India is a country where approximately 70% of the population live in rural areas and their daily transactions are made in cash, in fact this move paralysed the microfinance industry. This news like in other industries, can as a shock to the MFIs across India. In microfinance industry where the clients borrow and repay in cash, many MFIs experienced a major dip in their repayments rates which from as high as 99% fell to as low as 12% which lead to the increase in the portfolio at risk by 7-10% for the MFIs. As per the ICRA report, MFIs which raised close to Rs 5,500 crores in the first half of FY16-17 which fell to Rs. 1,650 crore in the second half of

the financial year. Also, the MFI industry experienced a dip in the micro loan securitization which can be attributed to the impact of demonetization on MFIs. Negative Impact of Demonetisation on MFIs The immediate impact that was felt by the MFIs was delay and drop in the repayments of loans as the installments which were due could not be done due to non-availability of new currency to the borrowers' post demonization. Due to non-availability of cash, the lending too was hit as the MFIs neither received the repayments and withdrawal limits were imposed on current accounts which led to non-availability of funds with the MFIs to disburse to the lenders. The lack of funds to the farmers and other small enterprises in the rural area of India led to the interruption in the economic activities of the rural economy. Lastly, the demonetisation led to the threat to the small MFIs challenging their existence due to lack of funds from all stakeholders as the small MFIs have a high financial leverage and with low collections, they faced decline in their credit worthiness. Positive impacts of Demonetisation: Most of the articles even after 15 months of demonetisation highlight the negative impact of demonetisation but like other policies, there is another side of the coin too. The one most outcome after the demonetisation ahs been that the top 8 MFIs in India who hold about 40% of the market share have been permitted to operate as small finance banks. This will lead to rural population use them for cash deposits and withdrawals. Through these banks there has been increase in the rural population opening bank accounts under Jan-Dhan Yojna and hence the financial inclusion for the unbanked. The RBI has not turned a blind eye to the MFI and in special cases allow the usage of demonetized notes, they have further stretched the deadline by 90 days before categorizing the loans as NPAs for payments due in November and December 2016. There has been seen an increase in the awareness as well as usage of e-wallets like Paytm, Mobiwik etc. Also, steps are being taken by MFIs to educate the clients to move towards a cashless economy though the process might be slow. Conclusion An attempt has been made in the above article to highlight both negative as well as positive impact of demonetisation on MFIs. Both regulatory bodies as well as politicians need to support the MFIs, the vehicle for financial inclusion, for some period of times till the ill impact of demonetisation does not fade off in the poor clients else the mere existence of small MFIs will be a challenge. It has been seen that demonetisation crippled the rural economy in many ways due to cash transactions at many steps thus impacting the livelihoods of almost 40 million. Prof. Sandhya Prakash Associate Professor-Finance

ICOs THE ALTERNATIVE METHOD OF PUBLIC FUND RAISING‌ Initial Coin Offerings (ICOs) is the new big way by which startups are arranging funds. It is considered as an alternative form of crowdfunding emerging outside the traditional financial system. It has helped many entrepreneurs to meet funding requirements for their projects and companies. The first ICO was floated by Mastercoin in 2013, which raised approximately USD 600,000 for a project to create a Bitcoin exchange and platform for cryptocurrency transactions. ICOs are the cryptocurrency version of crowdfunding. It is assumed to be an easy and efficient method for companies and entrepreneurs to fund their projects. It also provides an avenue for regular investors to invest in projects they find valuable. An ICO like an IPO (Initial Public Offer) usually remain open over a period of time. Though in case of ICOs this period is little longer and can extend to few weeks. During this period interested investors are allowed to purchase newly issued tokens in exchange for established cryptocurrencies like Bitcoin or Ether. Tokens are coins that are offered during an ICO and are generally considered equivalent to shares purchased in an IPO. They are also referred as cryptocoins. Therefore, ICOs allocate tokens which are equivalent to equity giving the investors ownership with voting rights and in certain cases, qualifying for dividends. Though ICOs are very similar to IPOs but majority of ICOs issue tokens that are like an asset giving investors right to the cashflows of a particular project rather than ownership in the company. Hence ICOs is special method of crowdfunding a new cryptocurrency project, involving a token sale, with the cryptocurrency

project raising capital to fund operations and investors receiving an allocation of the project's tokens in return. In ICO an investor gets rights of a particular project but not the company launching the project. ICOs are not regulated; they are generally public by way of the underlying blockchain or as outlined within the white paper and agreement with the investors. Issuance of ICOs is less cumbersome and requires limited intermediaries. The exchanges on which they are listed are less regulated.

Usually ICOs are issued if an investor wants to participate in a project, Decentralized Autonomous Organization (DAO) or an economy. The coins issued in the process sell participation in an economy while token ICOs sell a right of ownership or royalties to a project or DAO. The majority of ICOs involve the creation of a defined number of coins or tokens at a set price prior to sale. ICOs may have multiple rounds of fund raising, with coins or tokens on offer, increasing in value until the release date, where early investors likely to have greater rewards embedded within their tokens as an incentive. ICOs conclude once the coins or tokens are tradable in the open market. While ICOs are to mainly raise capital for a start up, they are also used to kick-start the sale of a service to be taken to market or to use a new cryptocurrency. On most occasions, the investor becomes the consumer of the service being offered by the company raising funds through an ICO, which allows investors to buy coins at a discount, though valuation will ultimately be dictated by supply and demand once released to market Now a days, it is becoming a sought after way for companies to raise money. Companies ranging from online sports gambling to regional banks being established for the digital generation are joining the league, as the only pre-requisite to qualify for raising funds through ICOs is to have a cryptocurrency and token as an integral part of product on offer!

CENTER OF TECHNOLOGY Awareness Building Exercise on Ar ficial Intelligence On 8th Feb 2018 an Interac ve talk was conducted for 9th to 11th standard students at coaching Ins tute named as :Educa on by IITans which is located at sector 15 Part II Gurgaon. Students at this coaching Ins tute are primarily from Salwan Public School and Amity Interna onal. This interac ve talk was a part of Awareness building Exercise on Ar ficial Intelligence. IILM faculty Dr. Archana had given a presenta on and an Interac ve talk was conducted for 9th to 11th standard students. Objec ve of this interac ve session was to create awareness regarding Ar ficial Intelligence in young minds. Session was conducted for 45min. Emphasis of the session was mainly on what is Ar ficial Intelligence; different skill-sets need to be acquired by the students. Along with that, Job func ons and various career opportuni es available for AI in different sectors were also discussed in detail. A er the session, students asked few queries related to AI which has been answered. Session was very well received by audience. By: Dr. Archana Mahamuni

Book Review MY BEDSIDE FEAST Once in a while, you get your hands on a book that changes the way you look at life. So it is with Jonathon Livingston Seagull by Richard Bach. Over sixteen years ago, when my husband gi ed me this book on my birthday, li le did I realize this beau ful story will make a phenomenal difference to my life. A literary treasure, Jonathan Livingston Seagull was wri en in 1970. It is Richard Bach's fourth book a er “One”, “Illusions”, “A Bridge across forever”. Bach is a former US Air force pilot and not surprisingly most of his books are based on fight and avia on. Bach, who is over 70 years old, s ll flies a seaplane today. This book, Jonathan Livingston Seagull was inspired by John H. Livingston, who was one of the country's top pilots during the barnstorming days of the nineteen-twen es and thir es. Through this simple story Richard Bach takes us to the skies and makes us realize that we are leading an ordinary life. He inspires us to li ourselves to find out our real poten al and tells us that there is no limit to what we can achieve- if there is a limit, it is there in our imagina on and belief. If we believe in ourselves and work hard towards refining and honing our skills, then we can achieve everything in life – nothing is impossible. And most importantly, we all can lead Jonathan's life of complete freedom. The Story Jonathan Livingston Seagull (JLS) is a bird unlike any other in his flock. While his companions fly to live, from ground to food and back again, Jonathan lives to fly – it is an all-consuming passion. Jonathan Livingston is not an ordinary seagull. No, Jonathan is a seagull who enjoys the fact that the Great Gull gave them wings. Where the other birds were content just to eat, breed and fly, Jonathan is different from the other gulls, he wants to get more out of life. He constantly takes risks, pushing himself to limits, just to prove that he could. He enjoys doing this, and does them for fun, a concept unheard of by the other birds. Unlike the rest of his flock, he isn't sa sfied with the daily hunt for food and need to fit in with its own societal rules. He learns about speed, high flight to go further inland, low flight to save energy, aeroba cs and wing and feather control to enable him to take off in the strongest and weakest of winds. All this does not please the other seagulls. A er one barrel roll around an Elder for fun, Jonathan is 'called to centre', a ceremony for honoring the great gulls. But instead Jonathan is banished for breaking the gull code and is sent to live alone far from any flock. His ini al a empts to improve his flying skills only earn him the scorn of the flock, and he becomes an outcast. That doesn't bother him enough to make him change – in fact, now he sets himself new goals, and aspires to reach them. His pleasure is in the constant achievement of these goals, doing what no gull has ever done before so-to-speak. He is never sa sfied – he is constantly finding something else to push himself into doing. This sets him apart from the other gulls and he lives quite a solitary existence.

Jonathan spends his years learning more about flight. As he reaches old age, one day he is interrupted whilst gliding half asleep through the sky, by two brilliant white gulls flying alongside him. He decides to test their ability to keep up with him (even in his dotage) and is surprised when they do. They tell him that it is me for him to progress to the next part of his journey, to go from this world to the next, and that his skills will be appreciated, and he will be able to pass them on to others who wish to learn. They take him to a different plane, where he learns more about flying and life and love and how they are all connected, than he ever thought possible. Jonathan decides to take all this knowledge and go back to his flock and teach them that there is more to life than feeding, figh ng and si ng on the beach in the rain, a er all “the gull that sees farthest flies highest”. JLS enjoys his flying. He wants to push the parameters. Each day he tries to fly faster. Climbing higher and diving ever more steeper and faster - trying to take that one step further, just a li le but more. He would rather be cast away from his flock, than be cast away from his inner dreams and desires. Once Jonathan decides to return to visit his old flock – and it has not changed a bit. S ll as staid as when he le it, they are s ll ruled by the council under the same rules. In showing some of his skills, he becomes the hero of some of the younger gulls, who realize they want to be like Jonathan. Jonathan begins to teach them all he knows, and finally moves on, leaving one of them (who he feels has the same calling as he has) in charge, knowing that they will con nue to expand their skills and knowledge. Later, when Jonathan returns to the flock with his band of merry gulls, he is immediately shunned by the elders and branded an outcast again. But the damage is done and some of the younger gulls want to know how they learned to fly the way they did and a er some unexpected events Jonathan's lessons are soon sinking in and his students begin to understand all the things he spoke about. Jonathan Livingston Seagull is simultaneously simple and profound. Bach is successful in making each one of his readers feel as though he has wri en this especially for them, the individual. As he puts it: To the real Jonathan Seagull, who lives within us all. The story of JLS crosses the boundaries of race, colour, creed and age, encouraging us to follow our hearts, be individual, make a difference - in ourselves, in the world we live in. It gives us permission to follow our dreams, and a empt those things which we may not think we can achieve, yet to try them nonetheless. Flight is the metaphor that makes the story soar. This inspiring tale teaches us the importance of seeking a higher purpose in life, even if your flock, tribe, or neighborhood finds your ambi on threatening. Despite being banished from his flock, Jonathan does not compromise on his higher vision. Jonathan gets the ul mate payoff: transcendence. He finally learns the meaning of love and kindness. Breaking the mould drives him to discover the secret of unlimited freedom. This is a feeling familiar to many people, even though it may pass with me. It is the idea of the underdog striving against the odds to survive which is one of the book's most appealing factors, and what makes it so easy to iden fy with. I believe that we need to learn the lessons that Jonathan Livingston Seagull gives us: the most important thing is to believe in ourselves, and always do our best without giving up – not to abandon your dreams. It's hard to convey the magic of this tale. Most of the me, one forgets it's a book about seagulls and gets caught up in the personali es and characters. Through Jonathan's trials and tribula ons, we learn about how to overcome adversity and follow what we believe in and how to be one-minded and focused. His desire to learn about flight and consequently to learn about all the other lessons life has to offer is inspira onal. And in those mes when I am feeling low and are unsure about what course to take, this book gives me direc on. O en it is difficult to follow our own dreams, but similar kind of stories inspires us to do just that! With hard work and determina on, anything is possible. What is important is that we should never underes mate our poten al... we must always think that we have the power to do things beyond our visible capabili es – and that is what Jonathan Livingston Seagull taught me. Dr. Sona Vikas, IILM Gurgaon

Faculty Achievements

Dr. Sweta Agarwal presented a research paper on “Corporate Governance, Ownership Structure, Subscrip on and Short – Term Performance of Indian IPOs: An Empirical Inves ga on" in 7th India Finance Conference held at IIM Bangalore between 20 Dec-22 Dec, 2017.

Dr. Sandhya Prakash has presented a paper on “Financial sustainability Index of Microfinance ins tu ons in India” on 13th January, 2018 at Interna onal Conference of Suitability and Business (SUSBUS 2018 ) at IIM Calcu a.

Alumni- Interaction with students on E Commerce platform

We had alumni in the campus on 20th Feb 2018, for the interaction with students on E Commerce platform. Mr. Sidhanshu City Head, Mobikwik of batch 2012-2014 interacted with students who have keen interest to join e commerce industry, to discuss the industry in details along with different job roles and proďŹ les that appear in this industry and the key skills required to step into this industry.


Also, on 21 Feb 2018 Mr. Dhruv Awasthi from Fab Hotels of batch 2009-2011 came to interact with students .

Plot 71 Sector 53,Golf Course Road,Gurgaon -122003. 0124-6675756

Advika February 2018  
Advika February 2018