Sankalp (BMS)

About Sankalp (BMS) of Aryabhatta College

Sankalp is the official society of the Department of Management Studies, Aryabhatta College initiated in 2017, with an oath to promote knowledge-sharing amongst the students on financial management, business communications and corporate management. Since its inception, Sankalp has been working arduously in organising wide-ranging workshops, monthly webinars, social projects, newsletters and edifying speaker sessions defining its members. The Department has been releasing annual Newsletter “The Bottom Line” since 2019, as on date, the department has successfully released 3 volumes of the “The Bottom Line”. 

The society comprises students of Bachelor of Management Studies of the Aryabhatta College. It helps the students in fostering the much-needed practical approach to the course.

Our vision is to change the perception of management being just a back-end office job. Management is an adventure of getting things done through people efficiently and effectively.

A practice where art, science and craft meet. We at Sankalp encourage students to take on entrepreneurial management activities through various workshops, webinars and events like Delve, Nigmit. Just as our name suggests, we have made a “sankalp” to make a difference in the DU circuit by being gratifying yet didactic.

EVENTS

WEBINAR ON CORPORATE EXPECTATION FROM FRESHER

Sankalp, the Department of Management Studies of Aryabhatta College conducted a webinar on “Corporate Expectation from Fresher” with Mr. Ashish Kumar, Assistant Manager – Tata Consultancy Services, Mentor of Change – ATL (NITI Aayog), on 13th August 2021 from 3PM onwards.The purpose of this session was to enrich fellow students about the importance of Corporate Expectation from Fresher, at an early age, thus ensuring some value addition in their knowledge during this unfortunate lockdown period.The session was inaugurated by Teacher- in-Charge of BMS Department, Dr. J.K. Singh and the welcome address for the guest was delivered by our Principal, Dr. Manoj Sinha.

As we moved ahead, students got a deep insight into a lot of things like-

1. Expectation of a company from a fresher: Communication skills, Knowledge beyond textbooks, confidence, ability to lead, knowledge of foreign language (niche technology), ability to travel to different location jobs, versatile and ability to engage people, ambitious about achieving things, team player and he collectively called it RAINBOW factors.

2. Resume:

•   RAINBOW factors.
•   Certification of participation/winning – student is aware, skills, and has a learning
  ability.
•   Professional membership- eg. Connecting dreams, Enactus are professional
  societies which inculcate learning, leadership, understanding CSR, and ability to
  organize something.
•   Certifications: Information security, Google cloud, big data, data science, risk and
  information security, PMP project management, ethical hacker, certified scrum master, business analyst, supply chain professional, foreign language, lean six sigma, agile certified professional.
•   Projects
•   Internships and industrial visits
•   Award and achievement
•  Being a part of NGO or a CSR initiative

WEBINAR ON HOW TO ACHIEVE SUSTAINABILITY IN EVERYDAY BUSINESS

Sankalp, the Department of Management Studies of Aryabhatta College conducted a webinar with Indu Sabharwal Mehta, President of LNJ Bhilwara on Topic: “How to achieve sustainability in everyday business” on 23rd November from 5pm onwards. The purpose of the session was to imbibe the concept of sustainability in the young generation and how we can use it in everyday business.The session was inaugurated by the Teacher-in- Charge of the BMS Department, Dr. J.K. Singh,who introduced the guest and gave a welcome addressed our honorable principal sir and gave blessings.

During the session, the points covered were:

•  Breaking myths about sustainability
•  Saving the planet
•  The issues caused due to lack of sustainability
•  Sustainability means making future gen rational, hygienic ● Nature is the biggest teacher
•  Today world is moving more towards partnership relation including UN
•  We all learn from each other from this. (Gave example of covid vaccine) ● Brief about UN G17 goals on sustainability
•  Talked about practical need of sustainability
•  India is the 3rd in the most carbon negative countries
•  Sustainable India program
•  Abhivyakti program— promotes entrepreneurial idea on sustainable energy
•  Meals for rupee 1 in Rajasthan. Even during covid they used steel plates rather than plastic to reduce carbon footprint
•  They recycle paper. Each year’s diary is made of recycled paper
•  Described sustainability the best (impact, economics, relation & transformation). Think about these 4 points before doing anything
•  Plant a tree on everyone’s birthday
•  Natural colors are used for making yarn in RSWM
•  The company saved a lot of money by using sustainable and smart methods

NIGMIT: THE MANAGEMENT BOOTCAMP

NIGMIT- The Management Fest organised by Sankalp – The Department of Management Studies, was held on 11th, 12th and 13th March 2022, 11:30 Onwards.

DAY-1 :

Apart from the impressive speaker sessions, Nigmit: The Management Bootcamp started off with Cascade: Case Study Competition. The competition was successfully organised by Sankalp: The Management Society in association with MBAtrek. The competition took place in three rounds. The

DAY-2:

The speaker sessions started with Prof. J.K. Singh sir, the faculty coordinator, addressing the audience with a few words, and further invited Prof. Manoj Sinha sir, our principal, who gave a few words of wisdom to the listeners and started off the event. 

DAY-3: of the speaker sessions kickstarted with the session by Mr. Surojit Mahto, a digital marketing consultant and trainer. An associate member at Sankalp introducedhim to the audience. The session he took, mainly focused on ‘Exploring Digital Marketing as a Profession’ and was actively attended by 60+ students.

WEBINAR ON PYTHON DATA SCIENCE

Sankalp – The Department of Management Studies of Aryabhatta College, University of Delhi, proudly hosted a webinar in collaboration with NIIT Limited and was organized on 18th July, 2020 to give students a technology update and to prepare them for industry readiness.

Webinar saw participation from 40 students who all were truly satisfied once the webinar got over. Welcome note by honorable principal Prof. Manoj Sinha and management department’s teacher-in-charge Dr. J.K. Singh, marked the beginning of the webinar.

Mr. Vikram Jha being the webinar moderator started the session by introducing the guest speaker wherein he also thanked all the participants for joining in the webinar.

ANNUAL EVENT MELANGE 21

Melange 21, an online management conclave, was one of the best webinars organized by SANKALP & VANIJYA on 21th & 28th FEBRUARY 2021.

Various speakers and motivators from different fields came forward to speak and share their points.

1. Ambasador Akhilesh Mishra – Additional secretary of DPA at the Indian Ministry External Affairs,
2. Mr Kiran DM – CEO of ONGC foundation
3. Mr. Praful Nikam- President of Y4D foundation
4. Mr. Balasighamony Deva Sekhar-Legal Counsel at Supreme Court Delhi
5. Ms. Prerna Singh- Member of Municipal Corporation Delhi
6. Mr Shiv Pratap Shukla- MP, Rajya Sabha and Ex- MOS, Ministry of Finance
7. Mr AshutoshTripathi- Managing Partner at LargetonInc
8. Mr. Chaitanya Puri- Peak performance coach
9. Mr. Shanil Ranka- Senior Associate Auditor, PwC UK, CA
10. Ms Jaya Kishori- Spiritual Orator, Motivational Speaker
11. Mr. Niloptal Mrinal-Author, Poet and Sahitya Akademi Awardee
12. Devan Bhalla – Integrated Marketer | TEDx Speaker | Brand Management
13. Mr Gunjan Solanki- Founder of Marketing Weekly, Sales manager at Pidilite
    Industries Limited
14. Dr Purnima Rao-Associate Professor at FIIB

WEBINAR ON ANTI-PROFITEERING PROVISION UNDER GST

The purpose of this session was to enrich fellow students about GST and the benefits of learning about Anti-profiteering, at an early age, thus ensuring some value addition in their knowledge during this unfortunate lockdown period.

As we moved ahead, students got a deep insight into; First provision for the consumer The objective of GST is to remove the cascading effect of taxes i.e. tax on tax and seamless flow of credit in the supply chain.Basis under two instances: Rate reduction in GST by government & Enhance benefit of ITC under GST regime.

Taking an example of a DSLR camera for meaning and understanding: The GST rate was reduced from 28% to 18%. Earlier the basic price was ₹40,000 without GST and ₹51,200 after 28% GST. Now with reduced GST the price of the camera should be ₹47,200.

With the introduction of GST various taxes got subsumed in the GST. This additional benefit of input tax credit in the GST regime is to be passed on by the suppliers to the recipients by way of commensurate reduction in prices. There are various legal provisions under section 171 in the GST act relating to anti-profiteering.

Order of the National Anti-profiteering Authority NAA mail order the supplier to: Reduce the prices Return the profiteered amount along with the interest to the recipients, wherever identifiable. NAA may impose a penalty or cancel the GST number of the supplier.

WEBINAR ON “OPPORTUNITIES POST COVID-19”

Sankalp, the Department of Management Studies and the Department of Commerce (Vanijya) conducted a webinar on “Opportunities Post Covid-19” on 23rd November 2020 with Mr. Vaibhav Mendiratta (Consultant at the Pune Institute of Business Management). The aim of the webinar was to guide the students towards possible pursuable options after the pandemic.

WEBINAR ON TEAM BUILDING, CONFLICT MANAGEMENT & WORK-LIFE BALANCE

The purpose of this session was to enrich fellow students about Team Building and the benefits of having a good Work-Life Balance, at an early age, thus ensuring some value addition in their knowledge during this unfortunate lockdown period.

As we moved ahead, students got a deep insight into; Self-Management for team building.A team is when that group of people is working on a specific goal. Most teams Share information openly Participate in team’s task Encourage each other Use all the team’s resources BUILDING TEAMS Stage 1 – Forming Members form opinions of others.Share responsibility, encourage open dialogue, provide structure, direct team issues, develop a climate of trust and respect.

Stage 2 – Storming Characterized by competition and strained relationships among team members.

Enhance team development by – Joint problem solving, norms for different POV, Decision- making procedures, encourage two-way communication, support collaborative team efforts.

Enhancing team development by – Communicate frequently and openly about concerns, encourage members to manage team process, give positive and constructive criticism, support consensus decision making efforts, delegate as much as possible After that Dr Sharma, delved deeper into topics like; COLLABORATION THROUGH TEAM BUILDING Most effective teams arrive at a decision through consensus by following a rational process that includes: Identifying the issue, setting a specific objective, Gathering and analyzing the facts, developing alternatives, Evaluating the alternatives, Deciding and acting TEAM BUILDING STYLE Relationship between Social and Task aspects of Teamwork.

WEBINAR ON ANALYTICS IN THE FINANCIAL SPACE

The purpose of this session was to enrich fellow students about the importance of analytics in finance, at an early age, thus ensuring some value addition in their knowledge during this unfortunate lockdown period.

As we moved ahead, students got a deep insight into; Products that a bank offers. Marketing Analytics – Who should you give credit cards to? Involves analysis of the consumer base. What limit do you set? Every bank has different threshold levels for different kinds of criteria. Once customers are taken onboard, analytics come in while deciding the credit limit.

Sources of revenues for banks: Interest Fees – Over limit fees Discount/Merchant revenue – Fees on payment on every transaction at stores Cost of banks: Non-payment of dues Expenses like logistics, technology, onboarding etc.

Frauds PBT = Net interest fees – frauds – overheads – delinquency PAT = PBT – Tax At every stage, PAT is calculated and decisions are made based on that.

Ways to identify fraud: Place of transactions Volume of transactions Types of transactions Software used in Analytics: SaaS Assessing Big data – framework like Hadoop, languages like Python etc.

We got participation from 60 students across different courses.

WEBINAR ON INDIA AND THE WORLD

The purpose of this webinar was to educate students about the importance of having healthy foreign relations with other countries and strengthening India’s position as a nation in the world.

Throughout the session, she provided us with various valuable insights: Contributions of India Culture – folk dancing, festivals, food, handicrafts etc Grammar Zero Architecture History of India She told us how India wasn’t really an important country in the early and mid 1900s but our leaders were important.

This was because we had never been an aggressive country.We have always been helpful when it comes to other countries. During these trying times, we have helped 150 countries. We’ve provided vaccines to more than 82 countries and the United Nations itself. India’s Soft Power Yoga Ayurveda Our Human Resources who create goodwill Diaspora Indians are at top positions throughout the world. Foreign Services Our foreign service is present in almost all countries of the world, even though we don’t have a lot of foreign officers.

Political, cultural events and collaborations with other countries. Help distressed women, as well as workers in countries like the UK, US. We got participation from 75 students across different courses.