Game Of Words : View Vs Counter View 1.3

Topic- Will the abolishment of 500 and 1000 Rupee notes help India curb black money?

“Black money is so much a part of our white economy, a tumor in the center of the brain- try to remove it and you kill the patient.”

   – Rohinton Mistry

View:

Prime Minister Narendra Modi’s address to the nation was a surprise, but the prevalence of counterfeit currency notes in India is not. Neither is thousands of crores stashed as black money. This move is very bold and decisive, which will tremendously impact the circulation of counterfeit notes in our economy. More importantly, the money stashed in the black economy will become redundant, thereby sealing the cavity through which billions of dollars were being siphoned off.

Although arguments persist that people hoarding black money do not necessarily do so in the form of liquid cash, it has to be acknowledged that even in a corrupt system like ours, it is not very simple to convert ‘black’ money to ‘white’. This process becomes more difficult when the hordes of liquid cash suddenly become redundant, making it illegal tender.

The move announced by the Prime Minister targets another group of criminals- counterfeiters. The prevalence of counterfeit or ‘fake’ notes in our economy is mind boggling. Foreign interests that are inherently against Indian economic growth and development seek to use this mechanism to cause havoc in the Indian economy. Estimates suggest that for every 10 lakh notes, 250 are counterfeit. David Headely, the criminal behind the 26/11 attacks on Mumbai used counterfeit notes to procure weapons and carry out attacks on India. With the introduction of new series of notes, that too abruptly, will have a great positive impact on the counterfeit market. The fake notes already in circulation are, again, redundant.

Many arguments also point out to the stash of black money overseas, especially in Swiss Banks. After the steps announced by Mr. Modi, the conversion of Indian money into a foreign currency, so as to make it legal will also become complicated, if not impossible. Round-tripping of black money is another issue. Round-tripping refers to the process by which black money stashed abroad is disguised as foreign capital and sent back to India. This process will become difficult as the conversion of Indian currency overseas, mostly stashed as 500/ 1000 rupees notes will no longer be valid.

Finally, to make this move more effective, the parliament must pass legislations that will impose harsher penalties on persons hoarding black money. The concessions given to defaulters must be stopped immediately and the black money hoarded by them should be fully seized.

Following the above arguments, it can be concluded that this move will help curb black money in India and prevent counterfeiting. 

-          Nishant

1 BBA ‘A’

Counter View:

On November the 8^th late evening Prime Minister Narenhdra Modi rocked the Nation by discontinuing the use of 500 and 1000 Rupee notes with effect from midnight. This demonetization was done to counter black money, fake currency, corruption and cross border terrorism.

This surgical strike created ripples in the stock market, panic among common citizens and it stunned political circles. Social media went berserk with all types of interpretations of this announcement. While it was highly appreciated by certain people, many felt the brunt of the situation as they were left with little or no notes of lower denominations.

Experts predict that one of the major repercussions of this move would be heavy deflation, as there would be reduction of total currency circulation in the economy as people who have earned money through illegal means would be afraid to declare the money.

While the rich folks with black money may find a way to work around the situation, it is the common man who is really suffering. This move deeply impacts the working sections of society: drivers, maids, cooks, electricians, plumbers. They are not well versed with card transactions and some do not even possess a bank account.

The E-commerce industry is preparing for a period of low demand and sales as most of their payments are received on a Cash - On - Delivery basis. The tourism industry, especially those in the outbound travel space, predict a dip in business. Tour operators have already had to cancel a number of arranged trips on request of their clients. Political campaigns in the near future may also take a hit as most of them rely on unaccounted money.

Real Estate is one sector that is likely to be the most affected. It contributes about 11 percent of the gross domestic product. Investment in property is a common means of parking unaccounted money and a large number of transactions in real estate are either not reported or are under-reported. But with Modi's sudden move, this sector is now under immense pressure and a downtrend in business activity is inevitable.

The problem lies in the fact that the plan seems badly thought out and unorganized to some extent. It provides little clarity on what prevents the new notes from being used as “black money” in the future.

-          Alyssa Merchant & Anoushka Fernandes,

1 BBA 'A'

Editor’s opinion:

At the outset it is a proud moment when a news in your country is trending more online and on media than US President Elections. A bold move by The Indian Government that would definitely reduce corruption. However it is unplanned and unorganized. Such a short notice is too quick to comprehend and will lead to a lot of confusions in the market and huge problems for the common man.

 Rural Poor and uneducated are unaware of this change and will face dilemma when no one accepts high denomination notes.
 For those still without debit or credit cards, imagine the trouble and difficulty when one has to carry many 100 rupee notes for eating at a fine dining restaurant or monthly shopping of household groceries and other essentials that amount to thousands.
 People may lose confidence in the Monetary System and value of Rupee. Stock markets will be adversely affected and personal and infrastructure projects halted.
 Ridiculous to keep banks and ATMs closed on 9th Nov and make legal tender invalid overnight on 8th. The middle class who has only 500's and 1000's will suffer as they cannot pay for transport etc.
 Black money cannot be fully eliminated. Most of it is in the form of land and other Investments, expensive luxury goods, gold or cars. Those people in the ruling party who got to know about this much earlier or received an advance intimation may have made other arrangements.
 Some questions that are still unanswered why does the Government that has been in power for some time now wake up suddenly and take a decision that would have such a huge impact so fast without much debate and discussion? What about Indian Citizens abroad who still possess home currency? With the long queues outside banks and an upper limit, will the exchange of billions be smooth and efficient as expected?

-          Mohamed Owais Adam

2 BBA ‘A’

INTERVIEW OF SIDDHI MAHAJANKATTI

               

Aanandam

Releasing on 21st October 2016 

Interviewer: Mohamed Owais
Reporter : Anoushka Fernandes
How was your experience? Did you face any challenges?
My experience in this film and the shooting was just amazing. Of course it was a very tiring experience as well as it was a back to back shoot. We had to travel to Hampi, Goa and Nepal. I also had to manage my college activities and that was difficult. Those were the two challenges I had to face; Managing College and managing film. However I got to see new places and even see the location where Dil Chatha Hai was shot and it was just amazing!
Tell us about the movie.
“The movie is about a four day college trip. It revolves around friendship, love, amiability, travelling. It is something related to the industrial visits that colleges have. It’s a fun filled film. I would rather say it’s a romantic comedy.”
How long did you work for this film I mean how many months was the shooting? Can you recall one fun memory?
“The total shooting period time was fifty two days. One funny experience I can recall would be the time when we had to shoot the sunrise shot. We had shot till 12 ‘o’ clock and had to get up at 2 ‘o’ clock and start getting ready because the place was an hour away and we had to be there 4:30. To wake me up was the most difficult task the production controller got and I wouldn’t wake. They decided to pour water on me to wake me up! That was one memory I will never forget!”
How did you manage along with studies and college?
“Managing studies was a bit difficult for me. I kept calling my best friends; Adlin, Amulya and Kevin. I used to keep clearing my doubts. It was a bit difficult for me because I missed the first month and that month was the basis. I had a few basics because I took commerce in 11th and 12th. However I found organizational behavior tough because it was an entirely new subject for me. Also I had to make friends when people had already made friends. But they didn’t treat me like an outsider once I came back. They treated me like a Josephite and that was the best part of my life. I thought they wouldn’t accept me for who I am. Thank you so much Josephs for that. The teachers too were extremely friendly. Even Rathi Ma’am told me how amazing it is that I'm balancing college and filming and others may not been able to do so.”
How did you go about promoting the film?
“We’ve been invited as chief guests for so many college promotions and we are going. We also have live TV interviews. I keep going to the theaters to watch the film with my family, friends and crew members. It’s a part of the promotion process. I’ve also had several newspapers and radios interviews. That’s how promotion works.”
How different are you in real life compared to the character you portrayed in the film ?
“There’s no difference. The main reason why my director casted me for this role is because I am exactly the same as the character is in this movie. My character name is Diya Ambhat. She’s a very joyful girl. She’s the loudest girl and the center of attraction in the college. She has seven best friends. She is the prettiest and most beautiful girl as what my director says. She’s the one who gets amiable very fast. She is friendly with every single person and I'm the same. I like meeting people and traveling and so does she. So I can relate to the character very well.”
How important is this for your future career ?
“It’s not that important. I’ve always kept film and acting as Plan B. Plan A is completing BBA and starting my own company. I have not figured out what kind of company I want to start but I know I don’t want to work for anyone. It’s a small part of my life and l like it.”

Game Of Words : View Vs Counter View 1.2

Should people who download music/movies illegally be punished?

Introduction:

Nowadays when a movie or song is made and marketed, everyone involved in the process gets his/her monetary gain. Therefore if any of the content which is protected by the copyright law cannot be copied, reproduced or sold without the permission of the owner of that product. The Indian copyright law protects literary works, dramatic pieces, melodious works, artistic works, films and music recordings. But these days’ people don’t seem to follow this law at all. The internet being a boon to all of us, we misuse it and disrespect the artists whose works we download illegally.


View: Artists, Directors, Producers and every other person connected to the making their masterpieces put in a lifetime of hard work and dedication, It be A music recording, A documentary, A movie and others. Downloading all of these content is equivalent to stealing someone else’s property. Something that is made by using a lot of resources. Piracy directly contributes to the destruction of the business. It damages the entertainment companies and industries. This in turn leads to unemployment and causes a lot of harm to the economy. People who illegally download these products should be punished. The government should take it seriously and do its best to track down the people following this absurd trend and make the copyright law more effective. If a person can go to jail due to robbery, why shouldn’t a person who illegally downloads music and movies be punished?



Counterview:  Its common sense: taking a thing that you used to pay for is not virtuous for the people who created that thing. But when it comes to entertainment piracy, lots of folks—whether motivated by statistical inquisitiveness, forward-thinking vision or a desire to rationalize their own law-breaking—have argued that things aren’t quite so simple. Now, with the release of a new analysis of 16,000 European music consumers, those on the side of piracy, like myself have evidence to back us up. Specifically, the study found that legal purchases would be about 2 percent lower without illegal downloading available—meaning, yes, illegal downloads boost legal downloads. The positive effect of streaming was even larger. And of course, as the study’s authors do acknowledge, sales data are not the only reason music-industry professionals don’t like piracy. Conclusion: people who download pirated music/ movies mostly do so for tunes they wouldn’t have ever spent money on. Therefore, it should be my choice to pay for what I want and not for what I don’t want. I shouldn’t be legally bound to do so!


I BBA ‘b’
Suraj Bagewadi- 16SJCCB123
Taaha Syed- 16SJCCB118   

Game Of Words : View Vs Counter View 1.1

iPhone - A fashion statement



Introduction:

It’s that time of year again when a new iPhone has just been released. Lines will stretch out in front of cell phone stores. The  latest iPhone unveiled  by Apple on September 7th sees the addition of a host of features ,a better processor, camera, battery life and display. What has  shocked everyone, however is the  removal of the standard 3.5mm headphone jack.

View :

It is a known fact that you can get a phone with better specifications for less than what the iPhone costs. Despite being massively overpriced, people are truly, madly and deeply in love with it.
Apple’s iPhone is a fashion statement, with its overpriced accessories, ranging from vibrant cases to headphones to phone docks (before the iPhone 7). You can literally buy another smartphone with the amount of money you will spend on purchasing accessories for your iPhone.
But do you really need an iPhone? Can’t you do without one and buy a better phone with better specifications and save your money? Well the answer to this is both yes and no. Depending on how fashion conscious you are, you will probably choose an iPhone over all other phones. The thrill of taking out your iPhone in front of everyone and are adorned with the tag of ‘cool and
hip’ when your friends see an iPhone in your hand.

By Jordan. (1 BBA B)

Counter View:

The iPhone has come a long way since its first launch. The technology that has gone into making the later versions of the iPhone has changed drastically. As pointed by my counterpart, I agree that the iPhone is slightly overpriced. The iPhone is not a fashion statement alone, for it employs some of the world's most exclusive technologies . In addition, it offers  an easy to use operating system -the iOS and also has the best camera in comparison to any other smartphone.
Not everybody buys a product ONLY for the prestige it holds in society but because of the various extraordinary characteristics it possesses. If you want the product then you should be ready to pay the price that it demands.

By Kashmira. ( 1  BBA B )

Level Up - BBA International Seminar

            St. Joseph’s College of Commerce (Autonomous), Bangalore, in association with the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) conducted an International Seminar on the topic: “INDIA- AN INCREDIBLE BUSINESS AND INVESTMENT DESTINATION”- A MYTH OR REALITY on Friday, 19^th August, 2016.

The Inauguration was graced by various eminent personalities and renowned people from the field of commerce like Mr. Shashidhar, Chairman, Industry Committee, FKCCI. The Keynote speaker was Mr. N Parthasarathy, the Secretary General of FKCCI. We were also graced by the presence of Her Excellency-Foreign Consular General of Israel to India, Ms. Yael Hashavit who spoke about how a strong partnership can be forged between the start-up capital of the world, Israel and India.

The other dignitaries present were, Rev. Fr. Anthony Joseph, SJ, Rector and Vice President of Bangalore Jesuit Educational Society and Rev. Dr. Daniel Fernandes, SJ, the principal of SJCC.

Rev. Fr. Anthony Joseph, SJ and Her Excellency, Ms. Yael Hashavit released the Compendium consisting of 18 Research Papers written by various individuals and experts from the industry. The Seminar saw participation of more than 180 students, academicians, corporate delegates and research scholars, including, international participants from UK, Afghanistan, South Korea, Uganda, Nepal and Ivory Coast.

The inauguration session was concluded with the vote of thanks by Mr. Raj Sadhwani, HOD of the BBA Department of SJCC, who thanked the dignitaries for sharing their findings, and everyone else who contributed towards making the seminar a success.

The first session was a panel discussion based on start-up India, moderated by Mrs. Uma Reddy, Chairperson, Technology & Innovative Committee, FKCCI and the Founder and President of eMERG. The session began with Mrs. Uma addressing the audience and introducing the panelists. The panelists included Mr. Sandeep Singh, Software Developer for Samsung Technologies, Mr. Jacob Crasta, the founder of ‘Envirosystem Pvt. Ltd’ and Mr. Ankur Bhasin, the founder of ‘Bhasinsoft India’. Each Panelist spoke about their experience as an entrepreneur and the start-up culture followed in India. It was followed by a Q&A session where participants got a chance to interact with the panelists.

The paper presentation, post lunch, was moderated by Dr. Lily David, Dr. Mohan Philip, Dr. Himachalapathy and Dr. Raja Jebasingh. The participants through their presentations gave their insights on the topic of the seminar. The main topics covered were Rural Marketing, Public policies for growth, Business tourism, Human Resource Management, Indian Start-ups, Behavioral Finance, etc. It threw light on the problems faced by our country and the various policies of the government.

The next technical session mainly revolved around the theme ‘India as an Investment Destination- 2020, Challenges, Opportunities and Possible Scenarios’. It was presided by Dr. Rajaram, Head of the English Department with over two decades of teaching experience. Participants were divided into 12 groups and had a round table discussion with one or two members from each group speaking about their research.

The Valedictory Ceremony included presenting the delegates with certificates and mementos and a presentation of a summarized report of the day’s proceedings. Mr. K. Ravi, the Senior Vice President of FKCCI addressed the gathering and the seminar was concluded with a vote of thanks by Ankita Chatterjee, the BBA Co-coordinator of SJCC.

           

Newbie View Counterview - Coming Soon

GAME OF WORDS.

Our opinion on anything is nothing but a result of varying perspectives and views. Just like every coin has two sides to it, every story has two different perspectives to it. The objective of "view and counter view" is to provide a platform for students to display their varying perspectives on a myriad of interesting topics.

The BBA department,SJCC is all set for the launch of its own space for VIEW & COUNTERVIEW to enable students to voice out their opinions and stand by them. With a wide range of topics this aims to bring out the different sides that one topic beholds and throws light on the rainbow of thoughts posted by the students.

" If you have a say 

Get into the play;

Of words, of opinions

Of thoughts amongst billions. "

 What are you waiting for ? Let's get started with our game of words!
Watch this space and be prepared to widen your horizons. 


Yamuna Krishna
Pratima

Conexus It Is!

   

 ‘Conexus’: The word itself implies creating a connection, and that is what this association intends to do by integrating the entire BBA Department into one united unit. Directed by Razi Abbas of 3 BBM ‘B’ and Mohamed Aqib of 3 BBM ‘A’, Conexus was formed under the guide of Mr. Raj Sadhwani, Head of the BBA Department. His goal was the formation of an organization that would promote the various activities of the department through the use of electronic media and public relations.

    Within a few months of its establishment, Conexus has performed a number of activities and developed initiatives to promote the accomplishments of the students. ‘Humans of BBA’, a Facebook page directed towards the lives of the students and teachers of the BBA Department was developed to ensure that familiarity was created among the BBA section. In addition to this, Conexus assists in preparing video presentations for the various events undertaken by the department including the International Seminar. 

Team Conexus.

    Consisting of 30 members, the directors of Conexus promote participative management among the association and avoid any autocratic rule so as to motivate members to come forward with ideas and suggestions. Their vision is to make St. Josephs’s College of Commerce BBA Department one of the best in the country, a goal shared by Mr. Sadhwani as well.

    As for the future, Conexus has much in store. They aim to create database of student information which can be used for forthcoming events, thus centralizing the information of past and current batches. This is just a few of the many initiatives this association has planned, which will be implemented in the time to come.“Great things take time, but when they take shape, they produce phenomenal results.”,a notion Razi Abbas firmly believes in. 

Conexus plans to initiate a number of activities in the second semester. With the motivation and guidance of its directors and Mr. Sadhwani, there is no doubt that this association will reach extraordinary heights. As rightly said by Mohamed Aqib,“Every accomplishment starts with the decision to try!”

Reporter :

Anoushka Fernandes

1 BBA ‘A’