International Lecture Series
Department of Commerce PG organized an International Lecture Series on 12th July, 2019 at Conference Hall II (PG Block) from 3.30 pm to 4.30 pm. Ms.Teresa Jacobs, Director, ISDC, UK delivered an interactive and inspiring lecture on importance of higher education in today’s dynamic business environment.
The lectures related to different approaches adopted in the field of higher education to face the today’s competitive business environment. The guest speaker has thrown a light on the significance of higher education in meeting holistic development of student community. She has also highlighted the role of parents in nurturing and reinforcing learning bahavious of the students in today’s modern era.
Total 89 students (50 from III M.Com & 39 from III M.Com FA) attended International Lecture Series. The participants had an interactive experience with the guest speaker in the major thrust areas of the higher education.
Expert Session on Budget 2019-2020
Department of Commerce PG has arranged an Expert Session on Budget 2019-20 on 6th July 2019 at Mini Audi IV (UG Block) from 9 am to 1.45 pm. Mr.Sudhakar G, Director – Taxation, Deloitte delivered highlights on post live budget 2019-20 presented by our finance minister Ms.Nirmala Sitharaman on 05th July, 2019.
Mr.Sudhakar has given a bird’s eye view on Budget 2019-20 and made the major budget highlights as given below:
• Total Expenditure: The government is estimated to spend Rs.27,86,349 crore during 2019-20. This is 13.4% more the revised estimate of 2018-19.
• Total Receipts: The government receipts (excluding borrowings) are estimated to be Rs.20,82,589 crore, an increase of 14.2% over the revised estimates of 2018-19.
• Transfer to states: The central government will transfer Rs.13,29,428 crore to states and union territories in 2019-20. This is an increase of 6.6% over the revised estimates of 2018-19.
• Deficits: Revenue deficit is targeted at 2.3% of GDP, and fiscal deficit is targeted at 3.3% of GDP in 2019-20. The target for primary deficit (which is fiscal deficit excluding interest payments) is 0.2% of GDP.
• GDP growth estimate: The nominal GDP is estimated to grow at a rate of 12% in 2019-20. The estimated nominal GDP growth rate for 2018-19 is 11.5%.
Total 89 students (50 from III M.Com & 39 from III M.Com FA) attended expert session and the students have felt that the expert lecture provided them real-time information about the budget 2019-20. They also responded that the session as a whole was very well articulated and delivered and the guest speaker made it interesting and therefore making a good learning experience.
GOODS & SERVICES TAX (GST
Classes Attended & Number of beneficiaries: I & II Year M.Com & M.Com FA & 172
Name and details of the Resource Person: ) Mr. K P Srinivas, FCA & Mr.Georgy Mathew, Senior Manager, Verma & Verma, CA Firm
a) To enable the students understand the nuances and dynamics of Goods & Services Tax (GST)
b) To provide the students a comprehensive bird’s eye view on challenges and issues of implementation of One Nation, One Tax, One Market GST in India.
The key note speaker Mr.Georgy Mathew had opened the talk on Goods & Services Tax (GST) by inviting students to have common questions, doubts and clarifications for the open interaction and discussion. The following concepts of GST were requested by the students to have a comprehensive view on the GST.
a) Input Credit Tax
b) Central Excise Duty
c) Service Tax
d) Additional Excise Duties
e) CVD (levied on imports in lieu of Excise duty)
f) SAD (levied on imports in lieu of VAT)
g) Excise Duty levied on Medicinal and Toiletries preparations,
h) Surcharges and cesses
i) Central Sales Tax
Mr.Georgy Mathew had introduced the effects of GST as a game changer, allowing, which allows even service-providers to claim Input Tax Credit. He allowed students to make a mention of all the concepts they know under GST and listed them down as the agenda of the meeting, and explained how GST subsumed the previous indirect tax regime and encouraged students to understand the subject further. Mr. K Srinivas, complemented by Mr. Joji Matthew, had thrown light on objectives of GST towards illuminating the cascading effect of Tax, as a Value-Added Tax and a chain of tax credit in b2b transactions to be borne by the final consumer.
Mr. K Srinivas introduced the classification of Goods under HSN codes, the composition scheme, compensation cess and emphasised the impact of the new GST Network. He explained the registration process and Pricing mechanism under GST invoicing against the old system.
Mr. Joji Matthew then went into Reverse Charge Mechanism vs Forward Charge Mechanism and filing of returns under the common GSTR 3B and GSTR 1 to be filed on a monthly basis and GSTR 4 to be filed quarterly as well as refunds in case of wrong filing of returns, export and for low output tax with present-day examples. They illustrated the concept of GST in the present-day scenario and thus, concluded the session with many active interactions with the students. The Guest Speakers have thrown a light on the following which have been replaced by the GST.
• Central Excise Duty
• Commercial Tax
• Value Added Tax (VAT)
• Food Tax
• Central Sales Tax (CST)
• Entertainment Tax
• Entry Tax
• Purchase Tax
• Luxury Tax
• Advertisement tax
• Service Tax
• Customs Duty
Dynamics Of Forex And Commodity Markets
Classes Attended & Number of beneficiaries: I & II Year M.Com & M.Com FA
Name and details of the Resource Person: Mr.Vivek & Mr.Seetharaman, Managers, Karvy Stock Brokers
Investors program awareness- they include capital markets, money markets, commodity markets, etc., are all interlinked. The economy of any country is dependent on oil market, forex market and gold market. Gold is highly important asset class in the country because it serves as a security which is financially termed as best hedge against inflation. Demand for gold is globally very important and not just within the nation.
Mr.Vivek stated about the high impact and the interlinks between gold market, oil market, and forex market. 10 golden rules were advised for investing in the commodity and stock market. Much more of his knowledge and experiences were shared with the gathering. He also stated about the availability of investment facilities in Bangalore and Hyderabad for the one’s investment decision making.
The session covered many topics like existing indirect tax vis-à-vis GST, Pro’s and Con’s of GST, Taxes subsumed under GST, GST – basic features, destination based tax, supply, GST rates, GSTN portal, registration and reverse charge mechanism. The resource person explained various concepts through life time examples which cleared many myths about GST among students.
Lecture 1: Capital Line Software
Department of Commerce (PG), organized a guest lecture for 81 M.com and M.com(FA) students on August 15, 2016. Mr.Dr.Debashish Pal –Academic Coordinator, Department of applied economics university of Cincinnati, USA. addressed the students on CAPITAL LINE SOFTWARE
He addressed the students on how software can be implemented in various accounting techniques in calculations. He executed a problem in accounts using online software and also showed how to copy data to Ms Excel sheet from online software for different calculations in all the form of accounts. He taught how to do a comparison for two years data from the available balance sheet of various companies through online in excel. That includes comparative balance sheet, income statement and Common size income statement and balance sheet. Then he spoke about Ratio Analysis, how different types of ratios can be calculated using Data that is available through online in MS Excel .
The session was interactive with questions from students on how effective online software is in implementing capital and accounting techniques.
Lecture 2: Convergence of IFRS and Ind as-Present Scenario
The PG department of commerce organized a one day guest lecture on convergence of IFRS and Ind as-Present Scenario for M.Com & M.Com (FA) students on Tuesday 16th August 2016. The chief resource person for the day was Mr Shirish Shah. The session started off with the background of IFRS and how it was originated. To understand Ind AS in a better way, he talked about:
• Fixed Assets or inventories purchased on deferred credit terms having financial elements and its implications on tax
• Unbundling of multiple elements from the sale price where required, and its implications on TAX, VAT, and Service Tax.
• Redeemable preference shares carrying fixed rate of dividend considered a liability under Ind AS and its implications on MAT and TDS
• Measurement of interest at effective interest rate rather than the contracted rate to recognize interest income and expenses and its implications on TDS, MAT on account of change in book profit.
• Greater use of fair value (FV) as measurement basis and its implications on MAT on account of book profit.
The session was engaging on account of enthusiasm of students as well as the Resource person.
Lecture 3: Managerial Economics
The PG Department of Economics conducted a guest lecture for an hour on Managerial Economics for M.Com, M.Com (FA), MA (Economics) and BA Students on Wednesday, 21st September 2016.The resource person for the day was Dr.Debashish Pal.
The session began with an introduction to game theory in managerial economics. Dr. Debashish Pal explained about game theory and its major role in managerial economics. He talked about how game theory is included in concepts of Economics and what are the methods or tricks that are used to get equal equilibrium in the economy using game theory.
With activities and question and answer sessions, the guest lecture proved to be an interactive one.
Lecture 4: Investment Banking & Financial Leverage
The PG Department of Commerce conducted a guest lecture on Investment Banking and Financial Leverage for M.Com, M.Com (FA) students on 16th December 2016. The resource person for the day was Mr. George Karammel, Investment Banking Analyst at Barclays.
The session began with Mr. George Karammel’s introduction on Investment Banking. The practical as well as theoretical aspects of investment banking were covered during the guest lecture conducted for two hours by Mr. Karammel. He made the session lively and interactive through the narration of vivid examples for various financial concepts.
Department of Commerce (PG), organized a guest lecture for the M.com students on August 16, 2013. Prof. K. Kanishka, Head of department, BBM, St. Joseph’s Evening College addressed the students on public private partnership model.
He began the speech by defining PPP Model and explained the numerous variables involved in PPP Model. He also mentioned the potential benefits of the model which are: mobilization of more resources, cost effectiveness, accelerated delivery, reduces corruption and waste and enhanced social service.
“PPP Model will be successful only if certain essential factors are taken care of such as policy factors, transparency, cost and risk sharing arrangements,” Prof. Kanishka added.