ACCA tax chief urges simplicity in tax regime
The head of taxation at ACCA (the Association of Certified Chartered Accountants), the global accountancy body, has said the Indian governments new vision for tax reform must be kept simple to avoid the plethora of loopholes and ineffective measures that other countries currently face. Speaking at the Cross Border Transactions: Challenges of Foreign Investment and International Taxation Conference at Jindal Global Business School in Delhi, Chas Roy-Chowdhury said while tackling tax evasion was essential in all countries, Indias tax authorities had an opportunity to get it right. We have seen a drive globally for a move towards a global corporate tax regime aimed at stamping out transfer pricing and income shifting. While the sentiment is good, the reality is flawed, he said.
Analytics Conclave at the Dept of Biz Economics, DU
The Department of Business Economics, University Of Delhi, South Campus, in association with Dunnhumby, organised Vishleshan 2013-Annual Analytics Conclave in Delhi. Dunnhumby, a customer science company, was the title sponsor for the event. Dunnhumby provides services in the field of customer loyalty management to FMCG brands and retailers. The theme of the conclave was Reinventing Decision Making through Analytics in order to focus upon the impact of analytics is bringing over various business decisions-making processes. There was also a case study competition at the conclave where 80 teams from top institutions across the country participated. Team Novelty from SRCC and Team Mark-e-tics from MBE were declared joint winners followed by Team Accelreators from MBE which was judged the runners-up for Vishleshan 2013.
Batch size of 303 students placed at XLRI internship
Amidst the economic slowdown, XLRI has managed to establish its pre-eminent standing as a premier management education institution. The institution has successfully managed to deliver well-paid summer internship opportunities to each and every one of its largest ever first-year batch in a record time of 3.5 days. The recruitment drive saw 105 companies participating in the process and making 336 offers to 303 students. Fr E Abraham, director of XLRI, commented, We are overwhelmed with the success in summer placements and I congratulate all our first-year students. This is an affirmation of the all-round integral formation we strive to impart, that even during an economic slowdown, our students are much sought after by firms across industry sectors. The placement process at our campus concluded in a record time of just 3.5 days, with 100% of the batch of 303 students getting meaningful offers for internship from major conglomerates.
NITIE celebrates 50 years of industrial excellence
One of the premier management institutes in the country, the National Institute of Industrial Engineering (NITIE), reached its golden jubilee milestone in 2013. It was established in 1963 under the aegis of UNDP and ILO in the financial capital of India, Mumbai. The inaugural function for golden jubilee celebrations was held at the NITIE campus. On the occasion, the 16-storey new hostel building was inaugurated by B Prasad Rao, CMD, BHEL, who was the chief guest. The academic and library building was inaugurated by Amita Sharma, additional secretary, Technical Education, MHRD. On the occasion, Prof Karuna Jain, director, NITIE, announced that two new PG programmes in Manufacturing Management and Project Management would commence from the next academic year. As part of the celebrations, all the five student festsLakshya, Prerana, Empressario, Arohan and Joshhave been amalgamated under an umbrella event Avartan, literally meaning rhythmic cycles.
Swiss schools freeze exchange rate for Indians
Les Roches International School of Hotel Management and Glion Institute of Higher Education, both Swiss institutions, have decided to fix the exchange rate of the rupee for Indian students for the January 2014 academic session onwards. They have fixed the value of the rupee at 63 against 1 Swiss franc. As the exchange rate of the rupee had been witnessing significant fluctuations against the Swiss franc, many students are concerned about pursuing their academic career abroad with the uncertainty raised by the exchange rate volatility.