World Financial Crises – Is it a terror attack?

We all are about to be engulfed by the wild fire of the US credit crisis.

It is surprising to note that despite the US Govt. having passed the bail-out package still the markets are behaving in a very irrational and illogical manner.

This seems to be a handiwork of the hins and the operators in the market who always play on the short side.

Or is this called as almost a kind of attack by terrorist. Report by Medical Research Association shows that in US 75% Male & 86% Female are impacted due to financial crisis and 22% Male & 15% Female are on alcohol.

If this can impact such a large size of population don’t you really think it’s called a terrorist attack?

I have certain suggestions which may be refined based on the need and applicability to save the situation.

1. All short sales should be curbed immediately until the markets improve by at least 15-20% from the current levels.

2. A concerted campaign must be unleashed to inform the general public that the financial system of India is robust and there is no cause for panic. This should not be done on a piecemeal basis and not when a near panic situation arises-a case in point is that of a rumor doing the rounds that ICICI Bank is going bust. The Govt. (FM), RBI , SEBI & NSDL chiefs of the stock exchanges have to play a pivotal role and should educate the lay investors that there is absolutely no cause for panic.

3. Once this is done, the redemption pressure on the mutual funds and the ULIP insurance companies will ease considerably. Thus, they would not be forced to liquidate their holdings in the markets.

4. Similarly, the Govt. should also notify certain additional tax breaks for investments in the mutual funds. This would enable the funds to garner additional funds for buying securities in a falling market to stem the fall.

5. The US Govt. should be advised to stem the fore-closure of the housing loans by taking appropriate steps. This would reverse the whole cycle of defaults/redemption s etc.

More then anything else believing in India story and make other believe will be the key in the bad time. I know some of us are thinking its good everything is going down but think it this way…if everything goes down…may be your employer / or business will also go down and we will be out of job.

Regards,

Prashant

On Dias @ Yahoo meet - Introducing IIM Calcutta group.

A GREAT HONOUR FOR THIS FORUM - IIMC_EPAF03

Dear Friends & Partner of success,

This would please you to know that among the million Yahoo groups in India, we have been selected to be a part of the 50 odd groups, whose Moderator/owners were honored by Yahoo India, for making a difference to the lives of people. Interalia our group got selected based on parameters like activity in a day on a group, features used by us,
amount of relevant content uploaded on the group

This was done by their inviting us to a Moderators Union meet 2008. on
the 7th , that is last Saturday where we were given a opportunity to
speak on the dais, about our Group, experience and the purpose and
advantage of its creation to all and the Yahoo Top Brass took pleasure
in explaining us the forthcoming innovations, products, and launches
shortly forthcoming from Yahoo.

We were also listened to, for our suggestions to improve the
technicalities in functioning of these Groups. Plus a few other issues
were taken up for the benefit of all.

I personally thank all those who were present from the Yahoo! whose
warm conversations with us made us comfortable throughout.

• Mr.Raj Reddy - Director of Product Management – USA.

• Mr.IM Swaminathan - Director, Communications & Community Products–India.

• Ms.Shefali Gaur - Community Manager, Communications & Community Products.

• The Yahoo staff which was involved in organising memorable meet & Event.

• The Moderators and Owners of the other 50+ groups invited to the function who gave me good company.

• Thanks to all the IIM Calcutta Director and especially to Prof. B.B. Chakrabarti & Ms.Subra for giving an inspiration & all support provided to create this platform & content to make it more relevant and give life to this group.

• Last but not the least, I thank all of you great friends & members whose membership has given me this honor to represent our Group and make it to the Top Yahoo groups from India.
  

This has been the only educational group to have been invited till date for this event.

In file section of yahoo group (http://groups.yahoo.com/group/iimc_epaf03/files/), I have uploaded few photos & video I shall also
provide you the link to the photos and video shoot of the event, as
soon as it is available and uploaded by Yahoo on the Net.

In the meanwhile we shall strive to live up to this honor with your
continued support and good wishes.

Best Wishes to you all, Please share your comments on this.

Yours truly,

Prashant Thakar

How does this EPAF Programme works & what is a value add ?

Indian Institute of Management Calcutta (IIMC) offers the following programmes in technical collaboration with NIIT. IIMC’s expertise in executive education coupled with NIIT’s experience in adopting latest technologies immensely enrich the programmes :

EXECUTIVE PROGRAMME IN APPLIED FINANCE (EPAF)

AIM

In the present changing and highly competitive business environment, the finance function in an organization has taken the center stage. The treasury division of a business entity can now effectively contribute to its bottom line. The increasing diversity coupled with associated risks in finance functions have led to enhanced demand for qualified and action-driven finance professionals.

The present Programme aims to provide cutting edge knowledge in the frontiers of finance using latest pedagogy to develop brilliant finance minds. The Programme is designed to provide training in the techniques and nuances in finance expected of a successful professional in the corporate sector, banks, and financial institutions. The Programme would be equally relevant for professionals working (or planning to work) as broking/security analyst, consultants, and chartered/cost accountants.

The Programme is offered by the Finance & Control Group of the Indian Institute of Management Calcutta in educational partnership with NIIT Imperia - Centre for Advanced Learning.

Programme element

Term I - Core Courses:

1. Business Accounting and Analysis

2. Corporate Finance-I

3. Quantitative Methods for Finance

4. Business Economics

5. Corporate Finance-II

Term II - Special Courses:

6. Business Valuation

7. Financial Derivatives

8. Investment Management

Term III - Special Courses:

9. Fixed Income Securities

10. International Finance

11. Bank and Risk Management

The science of teaching

Each course will be taught with the help of case studies, live corporate examples and general discussions. Statistical software and online database resources will be used wherever necessary. In order to provide greater industry insights, senior executives from the relevant industries would be invited to share their experiences.

Programme Duration and technique

The duration of the Programme is one year. Each candidate has to go through five core courses and six special courses over a period of one year. A five-day interactive workshop will be conducted at IIMC campus after the completion of core courses.

Who should attend?

Graduates (10+2+3 or equivalent) in any discipline with 50% marks, who would like to build their career in finance CAN APPLY for the course. However, working executives of any other function who plan to develop their future career in finance would also find the Programme quite stimulating and challenging. Preference will be given to graduates with at least two years of work experience, preferably in finance and accounting.

Evaluation

Each course will be evaluated twice-mid-term and end-term. Candidates successfully completing the Programme will get a completion certificate from IIMC.

Selection Process

Eligible candidates will be selected through an entrance examination conducted by NIIT and IIMC & on the basis of individual profile.

Programme Faculty

Select faculty from IIM C.

Programme Directors

Prof. Ashok Banerjee

Prof. B. B. Chakrabarti

For details : Contact:

Ms.Subra - iimc_niit@iimcal.ac.in

Office Champ - on Radio City 94.3 FM

You may call it as a luck or a jackpot but its true...there were around 100 employee from my organization who had given its trial for getting selected for office champ campaign by radio city 94.3 FM....by just a chance I was passing thru a site and had cracked some mad funny jokes and reacted on the situation given by selector...I had to run for meetings so was rushing but they stopped me and asked me to stay there for some more time...after 3 rounds...which off course all did well...there was a time top announce a name of employees who will get selected out of the 100 of us.....while I was really worried and want t0 rush for my meetings....the selection committee announced my name...and with all surprise I was asked to be on radio....oh...boy...It was great to be on Radio with RJ Prince....as you can feel the freedom of speech but had also realized the seriousness of how such media can be used and misused...coming back to the recording room...I see the giant equipment and the way technology is exploited was absolutely kept me at amaze... just attaching recording of one of the slot of 1 hr to get u a felling of how i sound...u know after all i was on RADIO : -)

What Vinesh Nair - Business Head of People Group had to say on me..on his blog

I was with the sales team of Online ads sales at Goa...hosted by prominent and proven business head Vinesh Nair...to my surprise this what he had to write for me....

"When Hitler jived.....
All of us know that Hitler had 2 left feet and even if otherwise, only Eva Braun who have known and God knows, we dont want to get into those details here.However, there is this guy whom we call 'Hitler' and if did sport that 1cm by 1cm mustache, he would definitely look the part and in his case we definitely did see him jive!Well, not exactly...but move? Yeah, he did. So, this little guy trooped into the room, sporting his glass of wine and strutted onto the makeshift floor giving it the moves to some of the wildest item numbers in recent times.The very next day, he stands there in his suit passing deliverance upon us as if our very lives itself depended quite heavily on it!To be honest, it does?!"...

Thanks Vinesh for being so modest.

Welcome to my BLOG

Dear Reader,

Thanks for taking your time out and visiting my BLOG.

This Blog is to share my thoughts and my experience at IIM Calcutta campus and with all of 82 students who was studying for IIMC – EPAF Batch -03 which was started in Apr'08.

BLOG will also give you content which has inspired me to be what I am today and what I want to be tom. It shares my vision, passion and mission in various posts.

Do write your comment so I can improve and write a content which can help us mutually walk up the leader of a life.

Regards
Prashant