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We-Like Project
Ankit Sharma
HPGD/JL15/2639

Newswire1
Tax Burden on Gift
• Learnings:
• This article says about Tax burden on Gift by recipient of Gift and who give the Gift.
• Before 1988, the Taxation on Gift was governed by Gift Tax Act, 1958, where who give the Gift was required
to pay the Tax. But in 2004, Government introduce Gift Tax in Different form, where the recipient of gifts is
subject to pay the Tax under Income Tax Act, 1961.
• According to Income Tax Act, 1961 any gift amount whether it is money or property worth over Rs. 50,000
given to an individual or HUF without consideration would attract Income Tax on receiver’s hands at a rate
applicable for the receiver tax slab.
• By Property means movable or immovable property. Movable property includes shares and securities,
jewelry, archeological collections, painting etc. who are easily movable and immovable includes lands &
property. The taxable value in case of immovable property is Stamp duty or in case of movable, it is the fair
market value.
• The main aim to curb money laundering and plug tax leakage in property transaction; they also protect
genuine gifts from loved ones from the tax net.

• Gifts that are received from a relative or on the occasion of wedding or by
inheritance or by Will or gifts received from any local authority (state government
and related establishments) or from any university, educational institutions,
charitable institutions and other specified institutions and trusts are excluded
from taxation, regardless of the amount of gift.
• Relative, as regards individuals includes
• i) Spouse of an individual
• ii) Brother or sister of an individual
• iii) Brother or sister of the spouse of an individual
• iv) Brother or sister of either of the parents of the individual
• V) Any lineal ascendant or descendant of the individual
• vi) Any lineal ascendant or descendant of spouse of the individual
• vii) Spouse of the individual referred to in (ii) to (vi).
• Relative, as regards an HUF would include any member thereof

Newswire2
Tax Management Income Exempt from Tax
• Learnings:
• This article save your Income from Taxes under various section of Income Tax Act, 1961 it mainly consider
Section 10.
• Agriculture Income [Section 10(1)]: Income from agricultural land situated within India is exempted from
tax.
• Share income of HUF [Sec 10(2)]: Any sum received by an individual as a member of a Hindu Undivided
Family either out of income of the family or out of income of estate belonging to family is exempt from tax.
• Share of profit from partnership firm [Sec10 (2A)]:Share of profit received by partners from a firm in
which they are partners is not taxable in the hands of partners.
• Gratuity [Sec 10(10)]:Gratuity received by an employee from employer is exempted from tax
subject to the following conditions:
• a) For Got employee/ semi Govt.employee – amount of gratuity received is fully exempt.
• b) For employees covered under Payment of Gratuity Act 1972: Least of the three will be exempt from Tax
• Actual Gratuity
• 15 days average wages for every one completed year of service or part thereof in excess of 6 months or
• Rs 10,00,000/-

• c) For other employees who have more than 5 years service.
• ½ months salary for every completed year of service
• actual amount received
• Rs.10,00,000.
• Retrenchment compensation [Sec 10(10B)]: Compensation received by workmen at the time of
retrenchment is exempt from tax to the extent of the lower of the following
• a) An amount calculated in accordance with sec 25F(b) of the Industrial Disputes Act, 1947 i.e. 15 days average
pay x completed year of service or part thereof in excess of 6 months.
• b) maximum notified by the govt. (Rs.5,00,000)
• c) actual amount received.
• Education Scholarship [Sec 10(16)]: Scholarship granted to meet the cost of education is exempt from tax.
• Awards [Sec 10(17A)]: Any award instituted by central or state govt. or by any body and approved by the
govt., whether paid in cash or in kind are exempt from tax.
• Family pension: Family pension received by family members of armed forces, when the member of armed
force dies during service.
• Formers rulers of Indian states [Sec 10(19A)]: Annual value of any one palace in the occupation of a
former ruler is exempt from tax.
• Income of pension fund [Sec 23(AAB)]: Any income of a fund set up by the LIC of India under a pension
scheme to which contribution is made by any person for receiving pension from such fund, and which is
approved by the controller of insurance is exempted from tax.

Newswire 3
CATEGORIES OF NON PERFORMING ASSETS
(NPA’S)
• Learnings:
• This article define the term NPA which are used in current Bank terminology.
• Non Performing Assets (NPA’s): A ‘non performing assets’ was defined as a credit facility in respect of
which interest or instalments of principle has remained ‘past due’ for a specific period of time.
• NPA Categories:
• Standard Assets: Standard assets are the ones in which the bank is receiving interest as well as the principal amount
of the loan regularly from the customer. Here it is also very important that in this case the arrears of interest and the
principal amount of loan does not exceed 90 days at the end of financial year. If asset fails to be in category of
standard asset that is amount due more than 90 days then it is NPA and NPAs are further need to classify in sub
categories. Banks are required to classify nonperforming assets further into the following three categories based on
the period for which the asset has remained nonperforming:
• 1. Substandard Assets
• 2. Doubtful Assets
• 3. Loss Assets
• Substandard Assets: a sub standard asset would be one, which has remained NPA for a period less than or equal to
12 month. The following features are exhibited by sub standard assets:

• the current net worth of the borrowers / guarantor or the current market value of the
security charged is not enough to ensure recovery of the dues to the banks in full; and
the asset has well defined credit weaknesses that jeopardies the liquidation of the debt
and are characterized by the distinct possibility that the banks will sustain some loss, if
deficiencies are not corrected.
• Doubtful Assets: an asset would be classified as doubtful if it remained in the
substandard category for 12 months. A loan classified as doubtful has all the weaknesses
inherent in assets that were classified as substandard, with the added characteristic
that the weaknesses make collection or liquidation in full, – on the basis of currently
known facts, conditions and values – highly questionable and improbable.
• Loss Assets: A loss asset is one which considered uncollectible and of such little value
that its continuance as a bankable asset is not warranted although there may be some
salvage or recovery value. Also, these assets would have been identified as ‘loss assets’
by the bank or internal or external auditors or the RBI inspection but the amount would
not have been written off wholly.

Newswire 4
WHAT IS ARBITRAGE?
• Learning:
• This article define the term “Arbitrage”.
• Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the
price. It is a trade that profits by exploiting the price differences of identical or similar financial
instruments on different markets or in different forms. Arbitrage exists as a result of market
inefficiencies.
• A Simple Arbitrage Example
• As a simple example of arbitrage, consider the following. The stock of Company X is trading at $20
on the New York Stock Exchange (NYSE) while, at the same moment, it is trading for $20.05 on the
London Stock Exchange (LSE). A trader can buy the stock on the NYSE and immediately sell the
same shares on the LSE, earning a profit of 5 cents per share. The trader could continue to exploit
this arbitrage until the specialists on the NYSE run out of inventory of Company X's stock, or until
the specialists on the NYSE or LSE adjust their prices to wipe out the opportunity.

Newswire 5
IMPORTANCE OF STRATEGIC PLANNING
• Learnings:
• This article define about how important a Strategic Planning to find a success.
• It is the company’s road map to achieving competitive advantage.
• It is the company’s game plan for how to please customers and how to improve
financial performance.
• Companies that plan strategies are more successful than those that do not.
• No strategic planning puts a company at risk (Strickland et. al, 2008)
• No strategic planning = No direction.

Newswire 6
HOW TO MAKE YOUR RESUME POP, NOT FLOP
• Learnings:
• This article define how to make a good resume.
• 5 Mandates or basics to ensure we follow while making the
resume are:
• Aesthetic Content
• Bullet Points, Visible approach writing
• Formatting
• No Spelling errors
• Crisp and to be point

Newswire 7
IDBI INTRODUCES FACILITY TO INVEST IN
GOVERNMENT BONDS THROUGH ATM
• State-owned IDBI Bank has introduced a first of its kind investment facility that allows a retail
customer to invest in government bonds using the bank's ATM.
• The move is aimed at promoting and popularize retail participation in government securities in
line with the government of India and RBI's efforts towards broad basing and expanding retail
holding of sovereign bonds in the country, IDBI said.
• "The process of transacting in G-Sec through the ATM is very simple, convenient, transparent and
cost-effective. The facility of investing in G-Sec through ATM is an extension of bank's Samriddhi
G-Sec Portal to enable retail investors to transact in government Securities, the bank said.
• The retail customers of the bank can register, one time, for this facility and invest in G-Sec through
any of the Bank's ATMs.

Newswire 8
SKS MICROFINANCE RAISES RS 214 CR THROUGH
SECURITISATION DEAL
• SKS Microfinance today said it has raised Rs 214.61 crore through a
securitization deal.
• In a BSE filing, SKS Microfinance said it has "on March 16, 2016 completed
the sixth securitization transaction during 2015-16 for a pool value of Rs
214.61 crore."
• With this transaction, the total sum of securitization completed during the
current fiscal (year-to-date) is Rs. 1,781.82 crore, it said.
• The entire pool qualifies for Priority Sector treatment as per the Reserve
Bank's Priority Sector lending guidelines.
• "The pool has been rated AA (SO) by a leading rating agency, signifying a
'high degree of safety regarding timely servicing of financial obligations'.
Such instruments carry a very low credit risk," it added.

Newswire 9
RESERVE BANK OF INDIA TO BUY UP TO 150
BILLION RUPEES OF BONDS VIA OPEN MARKET
• The Reserve Bank of India will buy up to 150 billion rupees ($2.24 billion) of
government bonds through open market operation (OMO) on Thursday, the
central bank said in a release on Monday.
• The RBI will buy 8.27 per cent 2020 bond, 8.35 per cent 2022 bond, 8.40 per cent
2024 bond, 8.33 per cent 2026 bond, 8.60 per cent 2028 bond and 8.32 per cent
2032 bond under OMO, it said.
• This will be RBI's third bond OMO purchase in March. The central bank has been
conducting buying bonds under OMO to ease tight cash condition which is typical
in last month of the fiscal year ending March.

Newswire 10
3 SOFT SKILLS NEEDED BY EVERY GREAT LEADER
• Learning:
This article define the 3 soft skills that are compulsory for a Great Leader.
• 1. Strong Communication Skills: Whether in speaking or in writing, communicating up, down and across is
always important. How you communicate is even more crucial. Those who know how to articulate their
point with influence, directness, and compassion are demonstrating a real ability to raise their organization’s
game.
• 2. Ability To Influence: In order to influence your customers, vendors, board of directors, team and other
management, you need to be savvy. Influencing takes a soft touch, time to understand your audience, and
the ability to bring them to your side of the table.
• 3. Humility: Humility can be defined as the quality or state of being humble; modest opinion of one’s own
importance or rank. In today’s environment, leading with power and authority, albeit effective at times, are
going by the wayside. Leaving your ego at the door and allowing others to lead with you is paramount to the
future growth of your team and organization. This, my friends, is humility

We Tube – 1
Big Data: The 5 Vs
Presented by: Nitesh Verma

Big Data The 5Vs
• Big data is like a normal data but in very big amount and mostly
unstructured.
• Unstructured data means all data is not in the structured (table) format;
85% of data is unstructured today that includes audio, video, images, chats,
etc.
• We cannot handle the big data in usual approach, it requires different
approach : techniques, tools and architectures.
• Big data is a collection of data sets so large and complex that it becomes
difficult to process using on hand database management tools
• The challenge include capture, storage, sharing analysis and visualization.

Big Data The 5Vs
• 5 Vs of Big Data
1. Volume
2. Velocity
3. Variety
4. Veracity
5. Value

Big Data The 5Vs
• Volume
The amount of data generated.
• Velocity
The speed at which the new data generates, travels and increases.
• Variety
In which form the data has been captured; for example earlier most of the
data were in tabular form but now video, text, heart rate, etc.
• Veracity
How much data is accurate to create meaningful value. How much we trust
the data.
• Value
Generate value from the huge data available .

We Tube – 2
Type of E-Business - A quick preview
Prof. Alok Jha

• E-Business – The business in which Internet is involved that is called e
business, communicates to consumers using internet.
• Types of E-Business
• Informative: E.g. Corporate websites, Educational Institutes websites,
Classified website, Government websites.
• Business: Business refers to all business that are carried out directly or
indirectly with end consumers.
• Social Platform: Facebook, Instagram etc.

• Broad Categories of E-Business:
• B2B – Business to Business: Business deals with business. Such as
2findlocal.Com, Alibaba.com, Tradeindia.com, Tender.com. Information & content
are only for business house & avails opportunities to them.
• B2C – Business to Customer: Directly deals with each other. Portals like company
website or alone aggregator of various businesses. E.g. Flipkart, Homeshop.com,
Snapdeal.com, Cleartrip.com
• C2C – Customer to Customer: Online market place is created & seller & buyer
are allowed to interact with each other. Payment & Terms are controlled by
platform to protect buyers & sellers. E.g. Ebay.com, Naaptol.com
• C2B – Customer to Business: Customer is given the charge of driving the
business, allowed to put his demand & businesses to fulfill customer demand.
Demands are based on price points & type of products/ services. E.g. Auction
section – Ebay.com & Alibaba.com

• Another way to look at e commerce
• 1Physical/Tangible goods - From Needle to Car.
• 2. Digital goods - Movie/music downloads, wallpapers, eBooks,
etc.
• 3. Services - Bill pay, travel ticketing, insurance premium etc.
example ebay.com, tradus.com, hungama.com, billdesk.com, etc.

We Tube – 3
Introduction To Supply Chain Management
Prof. AVINASH POTDAR

• In every competitive market, every company or a service providing firm is trying
to deliver the products/services at highly attractive price without sacrificing
quality and promised delivery time. this systematically and scientific process of
supply chain management is being derived and followed.
• Supply chain is the complete of process of receiving a customer order, accepting
it, to the delivery of the product/service to the customer.it also includes
purchasing and the production of the product and for value addition to the
services. supply chain includes all independent steps, and it gives rise to a solve
objective of meeting customer requirement
• Supply chain includes the coordination of order generation process, the order
taking process and offer fulfilment of distribution of products to the customer.
hence the product involves services and information also.
• Independent supplier, firm supplying products and service providers are involved
in the supply chain. This include manufacturers, component and raw material
suppliers and packages shippers and couriers etc.

• According to the supply chain council, U.S.A the SCM include managing supply
and demand, sourcing raw materials and parts, manufacturing and assembly,
warehousing and inventory tracking, order entry and order management,
distribution across all channels.
• In 1960-Inventory management focus on cost control.
In1970-MRP & BOM-Operations Planning.
In 1980-MRPII & JIT-Material management logistics.
In 1990-SCM,ERP-Integrated purchasing financial manufacturing order entry.
In 2000-Optmised value network with real time decision support, synchronized
and collaborative extended network.
• In SCM Logistic is the process of planning and implementing cost effective flow of
goods from the point of origin to the point of consumption. In Fundamental the
logistic Is nothing but store and move. Logistic involves managing the flow of
items, information, cash and idea through the coordination of supply chain
process and through the strategic addition of place, period and pattern values.

• In SCM the functional perspective is Purchasing/Procurement where to buy and
whom to buy. How to control inventory Warehousing, material handling, order
processing, transportation and customer service .
• Current trends in India- Indian logistic sector is estimated to be $200 billion by
2020. current state of logistic dismissal because of in sufficient facilities. Lack of
technology, shortage of expertise , small and distributed across states primarily
due to tax structure. Demand very strong hence very high activity in logistic
sector, growth in E-commerce. Warehousing industry is estimated to growth by
25% P.A.
Purchasing is one of the major activities of SCM. For each and every transaction
of purchase several legal implications are involved. Several laws are to be
followed for every purchasing activity. In 1985 Walmart introduce to concept of
cross-docking. In 1998 the concept of e-commerce changed the definition of
business and logistics played a major role in SCM

We Tube – 4
Anger Management
Prof. RM. Saravanan

Anger Management
• What is Anger ?
• Anger is nothing but the extreme displeasure or extreme churning of ones
mood.
• Every one gets angry but the only different is that each and every individual
have different breaking points and different irritation levels.
• Anger is nothing but a potent energy, which is expressed but humans in very
creative format and if used wisely can assure guaranteed growth.

Anger Management• Types of Anger:
• Expectations that are not matched creates anger.
• Anger due to lack of energy.
• Anger due to need of instants results.
• Anger due to ego is hurt.
• Anger due to your heart is hurt.
• Anger due to inability of management of irritants.
• Anger due to one’s own incapability.

Anger Management
• How to manage Anger?
• A Person should avoid the saying of this how I m and I will not change and
should never control it because in the end after certain limit it will become a
volcano and hurt a lot of loved one’s.
• Always try to find the cause of your anger and correct it because self-
awareness is the key to lower the anger.
• Accept the outcome so as to ensure the return of peace and once the peace
has returned one can solve this issue.
• A person should channelize its anger and try to become aware of it root.

Anger Management
• Tips for lowering your anger:
• Do not over expect in any situation because at the end you have to face the
fact that everybody leaves for there own self and different reasons for it.
• There is always two choices with the person in the situation of he getting
angry. Either he can neglect it and carry on in a good way or he can act on it
and destroy the relation.
• Always try to look for a creative solution in order to overcome the anger and
to manage it accurately.

We Tube - 5
Gantt Charts
Prof. Gaurang Chandarana

Gantt Charts
• Gantt Chart
• This is the tool for any kind of production units,
• This is also coming in web based format now,
• It can be used for any timely activity.
• Advantages
• Things become clear,
• Very useful for projects up to 30 activities,
• Breakdown the work into specific manageable parts,
• Clarify the workflow, sequence and dependencies.
• Limitations
• Become unwieldy more than 30 activities project
• Only represent part of the cost time and scope
• Do not represent the size of a project
• It works as a scheduling tool so it will not work good for reporting if any deadline fails
• It will not show the exact time to start or end the activity

Gantt Charts
• How to Prepare
• List all activities(with timeline, length of activity time required to complete,
activities are parallel or sequential, dependencies)
• Set up Gantt Chart(example template headings - name of the task, previous
activity, duration, Jan-week1, Jan-week2, Jan-week3, etc.)
• Plot the graph
• Present the analysis(final version of the Gantt chart, link of sequential
activities, color representation details, etc.)

We Lounge 1
Mr. Govind Shrikhande
MD, Shoppers Stop

MD, Shoppers Stop
• Professional Journey
• He joined Shoppers Stop at April 2001 as Vice President and after several
promotions COO, CEO he is MD today.
• He is textile graduated from VGTI Mumbai and MBA from Symbiosis.
• He is having more than 30 years of experience and leading textile company
like Mafatlal, Arvind, Arrow etc.
• He was also part of the team responsible for creating denim revaluation in
India.

MD, Shoppers Stop
• About Shoppers Stop
• It established in India by K Raheja group in October 1991
• There is an Anthem of Shoppers stop which is written by Guljar Shahab and
Sung by Sonu Nigam in 2008 and it plays everyday across the Shoppers Stop at
10:45 am
“Itni se baat pe gaur karo. Apne liye to sab karte hai, Auro ke liye kuchh aur
karo. Chand par uth kar , Thahro, Sambhlon , Ruk kar dekho. Jahan bhi ho t
um ,Apni jami ko jhhuk kar dekho. Hadh se aage bhi ek hadh hai, Itni se baat
pe gaur karo.Apne liye to sab karte hai, Auro ke liye kuchh aur karo.”
• Shoppers Stop began by operating a chain of department stores under the
name “Shoppers’ Stop” in India. Shoppers Stop has 73 stores across 35 cities
in India.

MD, Shoppers Stop
• Shopper stop in digital domain from last 4 years and for the next 3 year we are
investing a lot of assets and infrastructure on our online expansion and his target
to achieve 10% sale of Shares from online expansion.
• They have to concentrate on customer experience and product assortment.
• Talking about the work culture at Shopper’s Stop ,he informs that they are
customer driven organisation. Each employee is a customer care associate first.
• Employee retention is a challenge. Attrition rate is at 48% annually.
• Key drivers for growth would be online selling, beauty segment and exclusive
brands/private labels.

MD, Shoppers Stop
• The worst this is it is a 365 day 24*7 job, no Sundays no holidays
• His biggest strength is focus and analytical skills and weakness is emotionality.
• Best part about retail is that there is something new happens every time. One
word for shoppers stop is it is university for learning. He says he is still
learning
• Messages for Students
We all are work in progress keep on learning, be passionate about what you
do and enjoy your work.

We Lounge 2
Mr. Damodar Mall
CEO Reliance Fresh

Mr. Damodar Mall
CEO Reliance Fresh
• He is Chief Executive Officer of Reliance Retail Ltd.
• He is the Ex-Director, Integrated Food Strategy at Future Group. He was a part of
Kishore Biyani’s core strategy team. Damodar Mall writes an invitation blog for
Forbes India, on consumer behavior and modernizing retail.
• He finished his engineering in 1984.
• He is an IIM Bangalore Alumni.
• He is recognized as "Most Admired Grocery Retail Professional" in 2011.
• He has more that 25 years of experience and he worked with brands like
Hindustan Unilever Limited and he was ex director of future group.

Mr. Damodar Mall
CEO Reliance Fresh
• He writes blog as well on consumer behaviour.
• He first time see in Brazil this concept of super market in emerging area and after
that he was a co founder of D Mart.
• First thing he do in office is take a blank paper, pencil and some colour pen and
try to figure out the new thing.
• Like most is being in the store and does not like no holidays no Sundays and
employee has to stand more than 6 hours everyday.
• Strengths stay curios and open to change try out new thing.
• He is the author of famous book "Super Marketwala" - secrets to winning
consumer India.

We Lounge 3
Mr. Shirish Deshpande
CEO at Essel World An Essel Group Company

• He is Chief Executive Officer of Essel World and water kingdom.
• He is also second vise president at IAAPI(India Association of Amusement of Parks
& Industries) for F.Y 2015-16.
• Mr. Deshpande has over 22 years experience in Sales & Operations in the Service
& FMCG Sector and also carries an experience from the Pharmaceuticals Sector.
• He is a Science graduate and has done Post Graduate Diploma in Marketing
Management from Mumbai University.
• Deshpande was involved with Marketing of Water Kingdom and played a key role
during the launch of the water park.

• About Esselworld
• EsselWorld is an amusement park located in Gorai, Mumbai and established
in 1989.
• EsselWorld is the largest amusement park in the country it draws in an
estimated 1.8 million visitors annually, of which approximately 300,00 are
student.
• The park is owned by Pan India Paryatan Pvt. Ltd(PIPPL). EsselWorld along
with its counterparts, Water kingdom are stretched over 64 acres of land.
Together, they are recognized as India’s largest Amusement and water park as
well as Asia’s largest Theme Water Park.
• There are 900 plus employees who are working in Essel World.

• Message for Students
• Be passionate with what you want to do.
• Attitude to learn, ability to learn and initiative to learn.
• You should learn how to make customer happy.
• Don’t be jealous from people who enjoying there holiday when you are
working.
• Learn soft skills so important for new joiners' as well as experienced
employees.

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