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SPM Mirror OCT-NOV 19
SPM Mirror OCT-NOV 19
In the end, what makes a book valuable is not the paper it’s printed on, but
the thousands of hours of work by the dozens of people who are dedicated to
creating the best possible reading experience for you. SPM mirror witnesses
the essence of this quote as it is back with its second issue of the current
Dr. Pramod Paliwal academic year to keep all of us updated about the activities going on around
Professor and Dean the campus.
Urvi Jain - PGP19
School of Alumni sessions were held, Accenture launched its first-ever certification
Petroleum Management program, there were various sports and clubs’ activities as well. This issue
also covers the Business Management Symposium on the theme 5 trillion-
Huawei is a Chinese multinational technology company that Commenting on these allegations CFO of Huawei said
dollar economy which India is aiming at. The theme attracted renowned
sells technological equipment and consumer electronics, that there are strong political motivations and political
experts from industries like real estate, manufacturing, and service sector.
including smart phones. It started in Shenzhen, China in manipulations behind the actions of the US. This started a
Meanwhile, Indian Oil Corp has caught attention for developing batteries 1987, so it’s 32 years old. trade war between the US and China. But the allegations of
(Metal-Air Batteries) based on indigenous metals to forestall dependence Its main products are mobile phones, consumer electronics,
the US and the financial charges it indicted on Huawei have
on lithium imports once EVs and renewable energy projects take off in a big created a major financial issue for it in the global market.
telecom equipment and networking equipment which has
way. This technology eliminates the need for charging infrastructure. At a developed its market in more than 170 countries and has FBI said that Huawei intentionally conspired to steal the
macroeconomic level, the benefits of using materials that can be broadly served 45 out of the top 50 telecom operators. It entered intellectual property of an American company in an attempt
sourced locally to create energy solutions will directly impact GDP, fiscal India by a research and development center in Bangalore to undermine the free and fair global marketplace. Which
deficit, and energy security and thereby, national security. back in 1999.It is the second-largest phone producer in the is like stepping on Chinese pride. The US has restricted its
world. Huawei currently holds 4.5% of India’s total smart technology companies by selling anything that harms the
This mirror issue is even more special as it covers the most joyous festival of
phone market. Its handset market covers 3.5% of the total country’s privacy which is a direct indication against Huawei.
India and especially Gujarat- Navratri. It’s so good to see junior batch joining region. Google has also officially stopped trading with Huawei so on
the bandwagon and contributing so much to the SPM Mirror. access to Google apps in Huawei’s products from now on.
Why is Huawei in so much spotlight recently? Yes, It is
I hope you all have a wonderful time going through the pages of this issue. known because of its product but in recent times it is in the Such statements on the company had affected its
news because he is being alleged with certain cyber security market shares at the global level. National cyber security
allegations by the superpower US that has affected it on a coordinator Lt General Dr. Rajesh Pant said that security
large scale. is a big issue in 5G and the decision around participation of
Chinese telecom major Huawei should be taken after proper
Let’s see what it is all about. On January 30, 2019, the justice
consideration.
department from white house stated 2 cases against the
Chinese MNC Huawei. 1) The indictment accuses Huawei of So being an industry giant it has to face a lot in the overall
trying to steal trade secrets from T- mobile and of promising market and also its country has to face in terms of the
bonuses to the employees who collect confidential overall economy. This trade-off will lead to more decline in
information on computers. the economy and will affect larger part of other countries as
well.
2)The indictment claims that the company worked to skirt to
US sanctions on Iran.
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And the good news is that until now 10 states and union territories including Delhi, Maharashtra, Karnataka, etc. have
STUDENTS CORNER formulated their EV policy invigorating people to move towards Electric Vehicles. To our delight, major automobile players
have also recognized India being a major EV market for the future. MG Motor, the iconic British carmaker and Nissan have
Electrifying Indian Roads – ‘Too sooner or Never late’ thought of expanding in the country by the means of electric vehicles.
But mere policies are not enough to ensure the transformation to an Electric Mobility hub, the required effort of the citizens
is equally needed and important. It is equally vital for each responsible individual to sensitize towards the environment and
climate issues and reduce the use of carbon-emitting items and thus adopting greener options such as an Electric Vehicle to
ensure more sustainable and better future for all. Absolute transformation to Electric Vehicles seems to be a timely affair but
with a comprehensive collaboration of all the stakeholders of the society, India can and will turn out to be an Electric Vehicle
empowered nation in times to come if we start inculcating it right here from this very moment.
So much of talks have already been circling in India about the adoption of Electric Vehicles shortly. Moreover, India’s rank
at 177th position out of 180 in the Environmental Performance Index alarms us on becoming more greener and sustainable
economy for the present and the future generations. And now is the time when globally sales of Electric Vehicles have
accelerated to 5.1 million than 3.1 million in the previous year that India too be in the race of becoming an EV empowered
nation.
For any nation to adopt new technologies it is very crucial to develop an ecosystem for easier adaptation. Hence policies
introduced by the government have a bigger and much developmental role to play in ensuring the implementation of the
same. And thankfully in recent times, we have been watching the government taking many proactive steps for inducing
Electric Vehicles in the country by introducing various policies. The government announced FAME 2 – Faster Adoption &
Manufacturing of (Hybrid &) Electric vehicles in India wherein INR 10000 crore has been allotted to ensure electric mobility in
the country. It will provide lucrative incentives for the purchase of electric buses, two-wheelers, three-wheelers, four-wheelers
to be adopted by the masses. Under the policy INR 1000 crore funds specially allocated for the development of charging
References:
infrastructure, which is a sine qua non for EVs. Also, in the Union Budget 2019, Finance minister announced a reduction on
GST on EV from 12 to 5%. Apart from this she also declared income tax reduction of 1.5 lakhs on the interest paid off the loan • https://www.iea.org/publications/reports/globalevoutlook2019/https://auto.ndtv.com/news/budget-2019-electric-
taken to purchase an EV. The government also announced major benefits for the manufacturers by exempting custom duties vehicles-to-get-more-affordable-2064906
on import of specific components. It is said that, • https://www.livemint.com/auto-news/how-fame-2-scheme-aims-to-promote-the-use-of-electric-vehicles-in-
“Leadership and learning are indispensable to each other.” india-1552352972259.html
China – our neighbour and a global EV leader have a lot to teach us. And of course, there’s a lot to be learned on how China • https://www.thehindubusinessline.com/economy/indias-electric-vehicle-sales-face-challenges-of-affordability-charging/
has managed to dominate the Electric Vehicle market in past and continues to still dominate it. All of it started with the article29614676.ece
electrification of the two-wheelers in China and currently, it has 99% of the world’s 250 million two-wheelers. The next step • https://qz.com/1517557/five-things-to-know-about-chinas-electric-car-boom/
on their plan was to discourage or rather hinder ownership of gasoline-powered two-wheelers. Also, they introduced various
• https://energy.economictimes.indiatimes.com/energy-speak/is-india-prepared-for-future-crude-oil-shocks-and-supply-
subsidies and incentives for the purchasing of Electric Vehicle to encourage the buyers on shifting their preferences. The
disruptions/3820
government also established a policy infrastructure which aided manufacturers of EVs and OEMs, thus cutting the costs for
the end-user. Hence all of this has lead China to be the front runner in the EV race.
The Indian government aims of having 30% Electric Vehicles on roads by 2030 which will be full of tests and trials and they
might require working on various forefronts to fulfil the target. Some of the areas to focus on are:
• Affordability
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Mr. Purav Bhatt, Head Sales & Business Development- Digital Solutions- Asia, Siemens ltd, were invited by the Guest Lecture
Committee of SPM, to have a talk with students on a topic most relevant at this point of time- “CAMPUS TO CORPORATE”.
According to Mr. Bhatt one should know the proper way of making ideal decisions. Earlier decisions were made thinking what
could possibly go wrong with this decision? but, now its time to think that what can be guided ahead through this? He with
his own job experience explained why diversification at every level of your corporate world is important so as to add value to
yourself. He differentiated between Campus and Corporate that, campus allows us to make mistakes but corporate doesn’t,
campus must be taken as a net practice while corporate is playing in the field. Staying steady in a dynamic & unpredictable
ecosystem needs 4 characteristics as stated by him- agility, flexibility, risk bearers and speed. And this is the right time to start
Vaishakh Nair - PGP19 networking your-self, your work and your learnings. He concluded the session by advising the students to stay consistent in
making efforts.
Gladwell asks the question, “How do people become extremely successful at what they do?” He nurtures the answer by writing,
“The successful are those who have been given opportunities and who have had the strength and presence of mind to seize
them.”
As the subtitle states, this is a book of success stories, and true to his usual style, Gladwell draws on a diverse and interesting
set of examples and presents a unique thesis on ingredients it takes to make a person successful. Hard work matters much
more than talent. In the chapter called “10000 hours”, he cites a study of music students which shows that the number of hours
spent practicing is the key determinant in mastery. I found that very encouraging. If you want to succeed, spend your time
practicing.
Once he has opened our mind to the idea that a significant component of success might be being in the right place at the right
time, he asks us to hold that thought while he introduces another idea. He uses the example of the Beatles and their time in
Hamburg, and Bill Gates and his time at the University of Washington’s computer lab. Then Bill Gates is used to correlating
both the ideas. Bill Gates was born at a perfect time to be a success in the computer industry and had an additional advantage
of hours and hours of practice as a teenager.
Gladwell’s curiosity takes him to many other topics. He looks at the traits of persistence. He questions the role of language in
the early mastery of number sense. He examines the effect of summer vacation on academic performance. His restless mind
and energetic research stir up contradictions that force the reader to revisit intuitive explanations that are so tempting to
grasp.
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It was an interactive session where he also shared his experience and answered the queries of students and insights about
SCM and contracts management in the oil and gas industry were provided.
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Guest Session on ‘Power Purchase Agreement’ ‘Commodity Derivatives and Trading at MCX- Multi
Ms. Shailaja Vachharajani Commodity Exchange’ - Mr. Shrikant Koundinya
It is the PPA that secures the viability of the business of power A session on commodity derivatives and trading was held on 12th September 2019 by Mr.
generation. Lack of adequate PPAs causes power generation Shrikant Koundinya. He is currently working as Assistant Vice president at Multi Commodity
capacity under stress. An interactive session and a guest Exchange of India and has a huge amount of experience in finance and capital markets, risk
lecture was organized by Dr. Lalit K Khurana on 28th August management, and advisory in financial markets.
2019 for the students of MBA in Energy &Infrastructure at the
An introduction about MCX and its functions was provided by him initially. MCX provides a
School of Petroleum Management, PDPU.
platform to mitigate risks through investments and trading of commodities. He then explained
Ms. ShailajaVachhrajani, General Manager from Gujarat Urja the various types of financial markets. Capital markets: It is the stock market where trading of
Vikas Nigam Limited was the speaker on the occasion. She shares takes place, Debt market: It is the financial market where participants can issue new debt,
explained various aspects of PPAs, its importance and present known as the primary market, or buy and sell debt securities, known as the secondary market.
challenges and also brought about some thought-provoking This is usually in the form of bonds, but it may include notes, treasury bills, etc. The foreign
and interesting reasons for the overall better performance exchange market relates to the exchange of foreign currency.
of Gujarat Power Sector. She also explained the complex
Commodity market: Detailed insights on commodity markets were provided which includes trading of commodities which are
mechanism of price determination and competitive bidding
classified on segments namely bullion segment which includes gold, silver, etc. Crude oil segment i.e. natural gas, crude oil, and
process in the power sector. It was very enriching experience
Agriculture segment which includes Agro products. An explanation of the process of trading of commodities contracts and
of learning for the students.
hedging or risk management through derivatives. Derivatives include futures, options, forwards and swaps. He illuminated
the students about the reason behind commodities trading and the new areas of Freight contracts, Temperature contracts in
the global scenario.
A Session on ‘How to be Interview Ready’ by Skill Prodigy
Skill Prodigy – an E-learning platform conducted a session on 28th & 29th of September 2019 for the second-year students Influential lecture on ‘How to be a successful team player’
to train them for placement interviews. The rationale for organizing the session was to make students perfectly ready for the
interviews to come and clarify all the doubts, queries by the experts themselves. In the session, the moderators gave general Captain Akhilesh Saxena
tricks and tips to inculcate in daily life to prepare well for the D-Day. They explained about making the best in case of a resume
as per the job profile of the company and tips on preparing an apt resume for the job. Students also got an idea about the
“Freedom is not free, somebody else
Application Tracking System used by most of the companies today. They also briefed students about do’s and don’ts in the
is paying price for the same.”
interview via conducting a mock interview. Also, a mock Group Discussion was held to guide them on the same. According to
Ms. Anu Bansal, “Preparing for the interview isn’t a day preparation; it is a process which prepares you gradually.” A session by Captain Saxena - a Kargil
War Veteran and Vice President – TATA
Communications was organized on 1st of
October 2019. Captain started the session by
delivering his story during the Kargil war and
how despite many difficulties his regiment was
able to conquer the Kargil peaks – Tololing, The
Hump and Three Pimples. But unfortunately,
Captain got severe injuries due to which he
decided to move out of the army. With his
leanings from the battlefield, he moved to the
corporate world to inculcate and contribute
immensely to the corporations of the country.
Currently, Captain along with his wife Ms.
Shikha Saxena is on a journey to inspire the
youth of the nation by their initiative “Inspiring
Mantras”. They firmly believe, “Every citizen of the country is a soldier if he/she intends to be.” Inspiring mantras aims to bring
about a transformation in the vision, thoughts, and actions of the countrymen.
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TRACK 2: Day 1, Track 2 was all about “Manufacturing Sector”. That is how manufacturing as an industry can affect achieving
the Economic goal. All the 4 speakers Ms. Gauri Trivedi, Independent Director at Energy Efficiency Service Ltd, Mr. Dinesh
Yadav, CEO and Director of Arvind Envisol ltd, Mr. Rajendra Sisodia, Former Executive Director at Indian Oil Corporation and
Mr. Gopal Sharma, Former Senior General Manager at CERA, portrayed that manufacturing will contribute to the economic
goal with properly tested principles, ideas, and engineering along with effective usage of India’s population and resources as
an advantage. With compared to economic superpower countries India has to get 12%of GDP growth for reaching the desired
level.
BMS 2019 gave a great opportunity to the students to get an expert view in a particular subject that has helped to make one’s
own opinion on the same. BMS 2019 ended with a lot of takeaway with proper guidance. It inspired and motivate to work
towards a common goal with best of efforts from each of us. It was a great opportunity for exchange of thoughts and ideas with
leaders in decision making. India’s goal of reaching a $5 trillion economy is not far away.
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Sports at SPM
the lawn. Cultural Committee made the event ebullient
and curious by adding treasure hunt. They made the
students play treasure hunt in a team of three, the clues
Students at School of Petroleum
were given such to find a stick at the end. Whichever
Management have a tradition of
team was able to find the stick won but the game didn’t
showing a great balance between
end there, one person from each team was blindfolded
academia and sports. This year, the
and carried the sticks to break their assigned matkis and their team members guided them towards matkis by giving directions.
students of SPM kicked off the sports
The winning team won by few seconds. Later, everybody rejoiced with music, dance, and colors.
season by bagging the Fresher’s Cup,
a sports tournament organized by
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PANDIT DEENDAYAL PETROLEUM UNIVERSITY
SCHOOL OF PETROLEUM MANAGEMENT
Off Koba-Gandhinagar Highway, Raisan, Gandhinagar- 380027, Gujarat, India.
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