T A Pai Management Institute hosts the finance conclave ‘Finomenal 2017’

Media Release
October 30, 2017

Manipal, Oct 30: The 3rd edition of the three-day annual finance conclave ‘Finomenal’ was recently conducted at the T A Pai Management Institute. ‘Finomenal, with its theme “Govern, Strengthen, Transform” provides a platform for the students of finance to showcase their knowledge and also network with senior industry professionals. This initiative brought together Economists, CXOs, Bankers, Regulators and Fund Managers to discuss the recent trends, the emerging issues, challenges and opportunities in the industry and the way ahead.

Finomenal provides students an opportunity to interact with nationally and internationally-acclaimed experts in finance on the latest developments and trends in the field of finance. Finomenal was conceptualized to bridge the gap between the world of corporate finance and B-school education, by ensuring interaction of industry experts with the TAPMI students for a seamless flow of ideas.

This year’s conclave saw the participation of several eminent industry experts such as Mr. Harish Madnani, Director-Risk Solutions Group, Barclays Bank Plc., Mr. Manish Kothari, Business Head-Mutual fund, Policybazaar, Mr. Mitul Desai, Head-Compliance, India, National Australia Bank, Mr. Nitin Parmeshwar, Sales Associate - Equity Sales, Bloomberg LP, Ms. Lakshmi Iyer, CIO-Fixed Income & Head-Products, Kotak Mahindra Asset Management company to name a few.

Speaking on the changing trends in Corporate Governance, Prof. Rajiv Shah, Professor and Chairperson of Finance & Strategy at TAPMI, said, “Issues such as skills of board members and gender diversity of boards was being looked at more closely by investors. Risk management nowadays is coming under the direct focus of boards. The spotlight on audit committees and overall accountability is also increasing. The need for good governance came into prominence after a series of misadventures including the Satyam issue in 2009. This was followed by the revamping of the Company’s Act in 2013.   However, good rules also need to be backed up by proper monitoring and regulation. This gap was highlighted by the recent problems with Infosys and the Tata group.

Highlighting Finomenal’s theme: 'Govern, Strengthen, Transform', the Chief Guest, Mr Ganti Murthy, Former Head - Fixed Income at IDBI Asset Management Ltd. said, “Good governance strengthens and transforms the economy. Good governance is when we do not just inculcate but assimilate those regulations in the system. Thus, as finance enthusiasts, we need to move ahead by improving governance standards and have a collective responsibility to keep up with good governance to bring change”.

The three-day conclave consisted of inter-collegiate competitions such as; 

1.TAPMI-Bloomberg Olympiad: Bloomberg champions of more than 10 B-Schools took part in the Olympiad to test the expertise of using Bloomberg terminals. This year, the winners of the Bloomberg Olympiad is T. A Pai Management Institute.

2.Accretion 1.0.: This inter-college event saw students play the role of financial consultants in the Merger or Acquisition area. IIM-Calcutta won this year’s Accretion 1.0. 

3.Govern It Right: This event saw students play the role of representatives of the Board / Minority stakeholders of a company to debate governance issues. Ambarish and Nandan from T.A Pai Management Institute won this year’s Govern It Right.

Apart from the above events, there were Guest Lectures and Interactive Sessions like round table discussions between guests and students around the topics ‘Sustainability and Governance’, ‘Business Ethics in Corporate Governance’, ‘Financial market supervision and control’, ‘Internal controls and accountability’.

About TAPMI

The student city of Manipal, Karnataka plays host to the T. A. Pai Management Institute, fondly called TAPMI. With academic rigour and experiential learning as its core, TAPMI’s Masters in Post Graduate Diploma programs, approved by the All India Council for Technical Education (AICTE) and internationally accredited by AACSB.

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News Network
April 23,2024

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The Karnataka government's decision to categorise the entire Muslim community as a backward caste for reservation purposes in the state has drawn criticism from the National Commission for Backward Classes (NCBC), which said such blanket categorisation undermines the principles of social justice.

According to the data submitted by the Karnataka Backward Classes Welfare Department, all castes and communities within the Muslim religion have been enlisted as socially and educationally backward classes under Category IIB in the State List of Backward Classes.

The NCBC, during a field visit last year, examined the state's reservation policy for OBCs in educational institutions and government jobs.

"All castes/communities of Muslim religion of Karnataka are being treated as socially and educationally backward classes of citizens and listed as Muslim Caste separately under Category IIB in the State List of Backward Classes for providing them reservation in admission into educational institutions and in appointments to posts and vacancies in the services of the State for the purpose of Articles 15(4) and 16(4) of the Constitution of India," the NCBC said in a statement on Monday night.

This categorisation has led to the provision of reservation benefits for 17 socially and educationally backward castes under Category I and 19 castes under Category II-A, respectively.

The NCBC said the blanket categorisation of Muslims as a backward caste undermines the principles of social justice, particularly for the marginalised Muslim castes and communities identified as socially and educationally backward.

However, the NCBC emphasised that while there are indeed underprivileged and historically marginalised sections within the Muslim community, treating the entire religion as backward overlooks the diversity and complexities within Muslim society.

"The religion-based reservation affects and works against ethics of social justice for categorically downtrodden Muslim castes/communities and identified socially and educationally backward Muslim castes/communities under Category-I (17 Muslim castes) and Category II-A (19 Muslim castes) of State List of Backward Classes. Hence, socially and educationally backward castes/communities cannot be treated at par with an entire religion," the NCBC stated.

The NCBC also voiced concern over the impact of such reservations on the overall framework of social justice, particularly in the context of local body polls.

While Karnataka provides 32 per cent reservation to backward classes in local body elections, including Muslims, the Commission stressed the need for a nuanced approach that accounts for the diversity within these communities.

According to the 2011 Census, Muslims constitute 12.92 per cent of the population in Karnataka.

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News Network
April 29,2024

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Bagalkot, Apr 29: Prime Minister Narendra Modi on Monday accused the Congress of planning religion-based reservation in the country for the sake of vote bank politics but asserted that he will not let it happen.

He said this Congress proposal is to appease minorities as the SC/ST and OBC community is now with the BJP.

"In Karnataka, Congress has started a campaign to change the Constitution and to snatch away the rights of SC/ST and OBCs. Our Constitution does not accept religion-based reservation. But the Karnataka government has given part of OBC reservation to Muslims," Modi said.

Addressing a mega election rally in this district headquarters town, he said, "They (Congress) will not settle with this. They had earlier too in their manifesto said about coming out with a law to provide religion-based reservation. There is a similar signal in their manifesto this time."

"I want to make my Dalit, SC/ST and OBC brothers and sisters aware about Congress' intentions. These people on the basis of religion, to keep their vote bank safe, are planning to loot your right which was given by Babasaheb Ambedkar and the Constitution," he added.

Veteran BJP leader B S Yediyurappa, BJP candidates and MPs from Bagalkot (Bagalkot) and Vijayapura (Bijapur) - P C Gaddigoudar and Ramesh Jigajinagi, respectively - were among those present at the rally.

Noting that most of SC, ST and OBC MPs in the Parliament are from BJP, Modi said, "So they feel that as SC, ST and OBC are with BJP. To gain the trust of minorities, they want to loot from SC, ST and OBC and give it to minorities. Will you let this happen?"

"I want to guarantee today to my Dalit, Adivasi and OBC brothers and sisters. I will not let such intentions of Congress be successful. To protect your rights, your reservation, Modi will go to any extent. I'm assuring you this," he added.

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News Network
April 25,2024

Bengaluru, Apr 25: Former union minister C M Ibrahim, who was expelled from Janata Dal (Secular) for protesting against party’s alliance with BJP, has stressed on need for a third front not just at the national level, but also in Karnataka. 

Addressing a news conference in Bengaluru on Wednesday, he said he’s planning to form a third front in Karnataka along with Lingayat Seer Dingaleshwar Swami.

Ibrahim said that he will tour the state between April 27 and May 4 and that he would meet Dingaleshwar Swami on April 29. “There is a need for the third front in this country. We will try to establish a third front in association with the seer and we hope we will be successful in those efforts,” he said.

Expressing disappointment with the Congress for not doing enough to gain the full confidence of Muslims, Ibrahim said that Congress is concentrating only on certain communities for votes, and ignoring Muslims. 

“The Congress is not even caring for Muslims and Dalit votes. In some Muslim areas they did not even hold campaigns seeking votes and trying to convince the communities which never vote in their favour. I fear this may lead to low turnout and Congress may lose its vote base,” he opined.

Mentioning about guarantees on which Congress is strongly relying during this election, Ibrahim said, such things won’t work all the time. “Guarantees will not work anymore. Every election you need to give something new to the voters,” he added.

On Prime Minister Narendra Modi’s statement that Congress is trying to appease minorities for votes, Ibrahim requested both Congress and BJP parties not bring Muslims between them. “I request both parties. Leave us alone. Don’t make us sandwiches for your political sake. We are living with peace and hope even the Prime Minister will understand this,” Ibrahim added.

Launching a broadside against Prime Minister Deve Gowda, Ibrahim said, “Deve Gowda has sold his personality itself. Whatever I have told about JD(S) has come true. I pity, a former Prime Minister should not have come to this stage,” he said. 

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