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first day proved to be a huge success, especially for the overwhelming number of 210 participants in the event named Check That List! The Second day of the fest started with a bang, with its first event M-AD – Tastic (Ad – Mad) setting the bar for the other events scheduled to be held later in the day. 13 teams from different colleges had registered. Each team which registered for the event could have a minimum of 2 members and a maximum of 4. Two rounds were conducted and at the end of both the rounds the marks received were summed up to ascertain the winners. The first round was the “Jingle” round, where teams were given a word/product name and they had to utilize the given word in a song to make some sense out of it. The second round was the Ad round, where the same word/product name had to be used to make an advertisement. After summing up the marks of the individual rounds, the winning teams were ascertained. In the first position were Yathartha and Ayush from Shaheed Bhagat Singh College, in the second position were Rachita, Saksham, Ankit and Shiva from P.G.D.A.V College and in the third position were Nitin, Shivam, Kunal and Ashika from Maharaja Agrasen College. The second Event for the day, namely, The Opinionators (Group Discussion) received a strength of 40 entrants. These 40 participants were divided into 4 groups and the prelims were conducted to sieve out the best from the rest. Some of the topics that were put up throughout the prelims were: “Export Stagnation – Causes and Cures”, “If you give a man a fish, he eats it once. You teach him to fish, you lose a business opportunity” and “FDI in retail”. 12 of the best participants were selected for the final round with 2 groups of 6 students. The topics were selected in a draw of lots basis. The participants were given 5 minutes to jot down their points and 10 minutes to dicuss the topic. The topic for the first group was, ” In most corporates, ethics is for show but corruption is for real” and for the second group was, ” Corporate Social Responsibility is a Hypocrisy”. Meghna from Shaheed Sukhdev College Of Business Studies received the first prize, Shivam from the Institute of Chartered Accountants of India, received the second prize and a joint third prize was provided to Naman from Lady Shri Ram College and Mahima from Shaheed Sukhdev College Of Business Studies. The third event of the day was Rock The Stock! which was conducted in three rounds. For the first round, teams of two were given 15 multiple choice questions on finance, economics and stock markets. The second round included share trading in pre – determined markets. Participants were provided with price lists and favourable or unfavourable news per trading. Only a selected number of teams were selected for the final round. For the same, students were given virtual currency for trading and those with the most amount of returns in the stipulated time would be named as winners. We had the opportunity of talking to Himanshu Joshi, Head – Learning and Development at Globe Capital Market Ltd. (Title Sponsors for the Event) who was moderating and guiding the event. He said,  This is a great event and a great opportunity for students to understand how a stock market functions. Trading under live market conditions gives the students an opportunity to understand how much they could have made had they been trading with actual currency”. The results were as follows, The first prize went to Aman and Anupam from Shaheed Bhagat Singh College, the second prize to Rohit from P.G.D.A.V and Hardik from Shyam Lal College and the third Prize to Basant and Aparna from P.G.D.A.V College. Aman and Anupam, the winners of this event said,” This event was pretty well organised. The good part about the event was that there were quite a lot of things to learn and there was an actual market link to the game. Overall it was an event well done”.

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The Next Event was Bid Bowling which had a preliminary round with 27 odd teams, out of which 12 teams made it to the next round. The next round replicated a “Betting Scenario”. Every team was provided with a cash balance of one lakh model money. A minimum bet of 1,000 rupees and and maximum of 10,000 rupees could be made on certain hypothetical or real scenarios depicted through visual clippings. The moderators would give the participants these scenarios, for example, In three balls 6 runs were to be scored . The participants would bid accordingly, if they thought such a target was possible. Then the visual would be played to show the result. The top 6 earners were selected for the final round and the earnings of the participants in the previous round were added to a one lakh rupees provided freshly in this round. In this third round, the amount of money earned till now was to be used in a player auction. Each team had to purchase a minimum of 3 players which included one batsman, one bowler and an alrounder whose role had to be specified . A pre-played match had been recorded and its stats had already been kept ready by the moderators. For every run the batsman had scored, the team would get one point and similarly for a wicket taken by a bowler, the team would get 10 points. The auction was highly dramatic due to the bizarre auction rates. For example Chris Gayle was sold for 60,000 rupees and his base price was 45,000, whereas Ravi Rampaul was sold for 80,000 when his base price was 30,000. The event ended in a highly energetic note and the summision of the points received decided the winners. The first Prize went to Nidansh and Abhishek from Deen Dayal Upadhyay College , the second prize to Lupin and Vipul form Ram Lal Anand College and the third Prize to Abhay and Akshay from P.G.D.A.V. We asked Lupin and Vipul who won the second prize , regarding the organisation of the event. They said, ” Apart from certain time management issues, the organisation was good. The events was well planned and well executed. Even the teachers were enjoying.” In the end, the valedictory ceremony was addressed by the Principal of the college , followed by faculty of the Commerce Department. The results for the Online Photography Competition – topic being, street entrepreneurship, were as follows: First prize went to Aditya from Swami Shraddhanand College and the second Prize went to Noorain from P.G.D.A.V. By Ishaan Sen Gupta ([email protected])]]>

The Commerce Department at Hans Raj College organised their Annual Department Fest, Vanijya Utsav 2014 on the 21st and 22nd of February. The participants in ‘Vanijya Land’ (as well termed by the organisers) were seen solving case studies, formulating marketing strategies, dealing in stock, acting like banks, quizzing and taking part in certain games and fun events that were organised.

Prof. JP Sharma, Head of the Commerce Department from Delhi School of Economics inaugurated the event. The event started by launching “De Facto” – The Annual Commerce Magazine by Commerce Society.

Vanijya Utsav was divided into two kinds of events namely – flagship events and filler events.

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Most of the Flagship Events had hosted their online preliminary round before the main event. Although this was not an elimination round, it provided the winners a direct entry to the Campus Finals.

Except for the on-campus events, The Bank Theory an online event comprised of a case study based in ‘Vanijya Land’ was conducted. In the same, in order to earn a coveted bank licence, participants had to propose the best profitable plan in a real life scenario. Prizes worth rupees three thousand and books worth rupees one thousand were given away as prizes.

Flagship Events comprised of Chase The Case (Case Study Competition), Marketing Mayhem, Bullzai (Mock Stock Competition), Bizinga (The Business Quiz) and Be the Bank (Banking Event).

Chase the Case

The case study competition required participants to analyse various case studies provided to them, formulate solutions and present them in front of the judges. Round 1 and Round 2 of the prelims were held on the first day of the event while the finals were held on 22nd February. Sukrit and Vaibhav from Delhi Technological University (DTU) bagged the first position and were awarded Rs. 10,000. Arushi and Nikhil from Shri Ram College of Commerce (SRCC) and Shaheed Sukhdev College of Business Studies (SSCBS) respectively, were adjudged second and won Rs. 5000 as a team.

Marketing Mayhem

Marketing Mayhem gave participants an opportunity to step into the shoes of the marketer and analyze the ever-changing consumer needs and come up with innovative solutions to gain that elusive competitive edge. The event took the participants through a journey ranging from product development to brand resurrection, to winning over the customers with innovative strategies and putting their creativity to a test. Representatives from SSCBS, Mudit and Mayank were declared the winners and Abhinav and Akash from Hansraj were the first runners-up. Rupees ten thousand and five thousand were awarded to both the winning teams respectively.

Bullzai

An event modeled on the stock market that made participants taste the extremities of the equity market. Book building, short selling, high funda derivatives – a game based on luck, skill and strategy stock market saw the maximum participant turnout in the event. Both the top positions were bagged by teams from the host college. Vikas and Gautam were adjudged the winners and Sahil & Ayush took away the second spot.

Be the Bank

Be the Bank, whose finals were also held on the second day of event, broke the mainstream idea of being a customer to the bank. Instead it challenged the participants to step into the shoes of banker and groove their way to survival in economy. Mohit and Shivam from Ramjas were the top scoring bankers in the events whereas Palash and Ishan from the host college secured the second position. Their bank accounts were also credited with Rs. 15000/- in total.

Bizinga – The Business Quiz

Bizinga -The Business Quiz covered not only questions from the business world, but also from other fields, which in some way or another, will have a business connect. Teo Thomas from ICAI bagged the second position and won Rs. 3000/- and Manu Abbi and Om Prakash from Delhi School of Economics were declared as the winners. Cash Prize of Rs. 5000 was awarded to this team.

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Filler Events

The Soccer Strategist, a filler event saw the teams trading amongst themselves by negotiating or trading at the market price at the changing price levels of shares of two football teams, the live match for which was being played by the volunteers right in front of participants. Prizes more than Rs. 1000/- had to be awarded and Anurag and Pranjal from Hansraj College won the competition.

Along with these flagship events, Vanijya Land had various fun and light events going around. Pictionary, Brand Mania (Advertisement related) and Logo Identification grabbed interest of many participants. Prizes were given out in kind for these events in the form of books and chocolates.

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The University of Delhi has always been innovating and experimenting with the courses it offers. This time, however, the change is even more radical and in spite of millions of speculations, protests and uncertainty the University has carried out its four year undergraduate plan, which on the face of it, seems entirely different from all previous attempts.

Almost all the courses are divided into Discipline course, Foundation course and Integrating Mind, Body and Heart course. B.Com (Hons) likewise has eight semesters altogether with first two years dedicated to Diploma, 3 years offers bachelor degree and fourth year bachelor with honours degree.

Difference in topics
The syllabus includes the commerce component business laws, financial accounting and auditing, business mathematics and statistics, human resource management and financial management in Discipline 1. While new papers like corporate governance and social responsibility, industrial law and foreign exchange management have been introduced, papers like indirect tax have been dropped.Discipline 2, which comprises six papers, includes setting up a business, marketing for beginners, financial reporting and analysis, personal tax planning, investing in stock market and insurance and risk management. However, the optional papers like financial market, institutions and financial services, compensation management, corporate tax planning and business data processing found no place in the new structure.

Diluted or Enriched
A section of teachers has alleged dilution of the B.Com (H) course as full-fledged papers on indirect tax (VAT and service tax) and international business have been dropped. However, the mix of different subjects in Foundation and Discipline course seems quite promising in giving a more intensive touch to Commerce as a whole.

Knowledge- Theory or practical
The four year course, definitely, has more practical side than the previous three year system. With subjects like Setting up a Business, Marketing for Beginners, Financial Reporting & Analysis, Personal Tax Planning, Investing in Stock Market, Insurance & Risk Management in discipline 2 the students are expected to have more exposure to actual business and market condition.

(Commerce 2013 cut-offs)

Work Load- swell up?
The first year has 11 foundation subjects which the students have to take. There is no other way out. Naturally the work load has increased. However, the pressure on students will fluctuate with every semester. In addition the Foundation course offers subjects like Science and Life which a commerce student might not be interested in, which in turn increases the work load.

Co- curricular activities
With increased workload and diverse subjects, focus on extracurricular activities will demand greater effort and time. The students might face difficulty in coping up with these. In the second, third and fourth year however, one cultural activity has been made compulsory.

Multiple exit points
Many professors feel that multiple exit points will encourage dropping out and actually lead to greater inequity among students. If a student leaves after two years, it will be of little help to him as far as employment is concerned. With multiple exit points it is unclear how students will be accommodated in other colleges outside Delhi.

Final Verdict
Although the FYUP offers more choices and greater diversity, if we look closely, a student has little choice to make and most of foundation subjects might not prove to be worth it. However, if a student completes all the four year he/ she will have a better employment prospect. The study is in depth if we ignore the subjects which have been dropped.

(For analysis of other courses click here)