Saturday, July 28, 2012

59th Week@XIMB

59th Week@XIMB - 22nd July to 28th July, 2012

22nd July - Sunday was gone in studying for mid term exams.

Raising an Olympian - MARY KOM : As the Proud Sponsor of Mom, P&G presents a series about the Mom behind each Olympic athlete.

23rd July - ESM exam is over.The big news was about Hindustan Unilever Ltd. HUL increased its net profit by 112 per cent for the first quarter of 2012-13 to Rs.1,331.2 crore, thanks largely to a one-time gain on sale of property amounting to Rs.607 crore.

Hindustan Unilever Profit More than Doubles on Strong Sales and Speaking at company AGM, HUL Chairman Harish Manwani lays emphasis on role of corporate in financial inclusion.

24th July - Tuesday was a holiday. I came across an article: How Hindustan Unilever is making every employee a marketer.

25th July - Mid Term exam of MFM was more analytic than based on rote learning. With Q2 session results are coming, companies are coming up with reports. Here a positive news from agri-business sector: ITC's e-choupal boosting company's FMCG business. ITC typically organises 60,000 Pradharhan Khets and 6,000 Choupal Haats in a year. There is a general criticism that its expansion has benefited only large farmers as their produces could be sold at somewhat better prices and perhaps quickly through e-choupal. But, they are ignoring the ITC is market development initiative with its huge cash piles against nexus of caste based strong lobby of traders and middle men.

26th July - CM quiz was last one and that finishes mid term on happy notes. Let us watch a conversation with Wharton Marketing Professor Jagmohan Singh Raju .

Multinational Corporations and Rural India:

27th July - Lectures started after the mid term. That was a boring stuff. I am also struggling with facebook addiction and attention deficit disorder.

28th July - This was a sleeping day still I was lucky enough to read Report of the Nair Committee on Priority Sector Lending. There was also news of RBI enforcing foreign banks to raise their priority sector lending (PSL) portion to 40 per cent from 32 per cent currently. The move will impact only four of 55 foreign banks, which have over 20 branches. Only four foreign banks — Standard Chartered Bank (94 branches), Hongkong & Shanghai Banking Corporation (50 branches), Citibank (42 branches) and Royal Bank of Scotland (31 branches) would come under the ambit of the new norms. Another foreign lender, Deutsche Bank, has 16 only branches. That's a welcome move by RBI.

Some loans that would be classified as priority sector -:
  • Loans up to Rs 1 crore to micro and small service enterprises
  • Loans to food and agro processing units
  • Loans to distressed farmers indebted to non-institutional lenders
  • Overdrafts up to Rs 50,000 in no-frills accounts
  • Loans to individuals other than farmers up to Rs 50,000 to prepay their debt to non-institutional lenders
  • Loans up to Rs 25 lakh for housing in metros having population above 1 million
  • Loans up to Rs 15 lakh for housing in cities having population less than 1 million
  • Education loans up to Rs 10 lakh for studying in India and Rs 20 lakh for studying abroad
While doing AMDA assignment on Multicollinearity, I read about Demonstration effect (Keeping up with the Joneses) and Cobweb model. I also made inquiry about Co-variance and correlation. The problem with covariances is that they are hard to compare due to metric units. Notably, correlation is dimensionless hence more author friendly.

Why Do I Love IRMA ? : The memoirs of an IRMA alumnus in one page article is beautiful reading on this weekend.

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