ISSUE VIII | MAY 2022

GLOBAL DIVE
by
ABHYUDAYA
IB CLUB

SCHOOL OF BUSINESS AND MANAGEMENT

CHRIST BANNERGHATTA ROAD CAMPUS

MBA - INTERNATIONAL BUSINESS

 TABLE OF
CONTENTS
Editor's Note

Faculty

Team

About the course MBA IB & F

Country Snapshot: Ukraine - Russia War Crisis

Students Corner

SWIFT- A Messenger

Effects on world economy due to Russia - Ukraine War

View on CAATSA sanctions

India’s interests with USA and Russia and the balancing act

Sanctions on Russia and its future impact on the Russian Economy

Future of Ukraine medical students

Talent Corner
 EDITOR'S NOTE
Privet and Dobryden dear readers!

The world is returning to normal after a massive Covid-19 attack, followed by

the Omicron and Delta viruses. However, a sudden boom occurred in the form of
the Russia-Ukraine War, which wreaked havoc on the new age. The economy
slashed abruptly, and the markets plummeted into another downturn.
Nonetheless, economies worldwide are attempting to retain their current phase
and assist one another in maintaining demand and supply.

Many countries may be reliant on Russian and Ukrainian goods. Russia is a

significant fuel and energy exporter, with crude oil accounting for 26% of total
shipments and natural gas accounting for 13%. In Ukraine, the primary sources are
iron ore, agricultural goods, and mining products. Exports account for around
41.2% of Ukraine's GDP. As a result, we have discussed the essential aspects
affecting short-term economic trends in this special newsletter issue. This edition
tries to cover every aspect of economy, growth, and dependability.

We hope you find it helpful and manage the crisis effectively!

Team Global Dive

 FACULTY

Rev Dr Fr Biju K Chacko Dr Jyothi Kumar

CMS(Comm), MPhil, PhD, MBA, MPhil, PhD,
ASSOCIATE PROFESSOR PROFESSOR

Dr Rashmi Rai
MBA, PGCM (HR), MPhil, PhD,
ASSOCIATE PROFESSOR

 TEAM

RANJANA S KAVYA VM

JABEZ J P
 ABOUT THE COURSE MBA
IB & F

Vision: Excellence and Service Programme Outcomes: The Master of

Business Administration – International
Mission: “CHRIST (Deemed to be Business & Finance at CHRIST (Deemed
University) is a nurturing ground for an to be University) is structured to enable
individual's holistic development to make the students graduate out of the
programme with the following outcomes:
an effective contribution to the society in
a dynamic environment"
• To understand the various domain
knowledge and be able to relate the
Core Values: Faith in God | Moral management concepts to business
Uprightness | Love of Fellow Beings | situations
Social Responsibility | Pursuit of
Excellence • Demonstrate the ability of Effective
Communication Skills ,Critical thinking in
The MBA (International Business & dynamic Business environment
Finance) is a specialized Programme
designed in the light of the face lifting of • To develop analytical and decision
the corporate world that has been taking making skills so as to formulate effective
place for the last one and a half decades in national and international business
and outside India. The Programme, strategy and Innovative Solutions
besides covering the general management
• To develop Global Exposure and Cross-
courses, includes new courses on the
Cultural Understanding
contemporary needs of the corporate
sector from international perspectives. • To demonstrate Leadership and
Rapid developments in the international Teamwork
business on the one hand and the
consequential impact of the same on • To create Sensitivity towards Social
India’s domestic market on the other, call Responsiveness and Ethic
for a professional approach and sensitivity
to the international business environment.
The main academic focus of the
programme is on equipping the learners
with in-depth knowledge of global
business and instill in them an urge to
take up competitive global challenges.
 COUNTRY
SNAPSHOT :
UKRAINE - RUSSIA
Ukraine
Population: 43,263,833 (2022)
Capital : Kyiv
President: Volodymyr Zelenskyy

Geography: Ukraine's geography seems mostly vast steppes and plateaus, with rivers
such as the Dnieper, Seversky Donets, Dniester, and Southern Bug flowing south
into the Black Sea and the smaller Sea of Azov.

Climate: The climate of Ukraine is temperate continental. The only exception is the
southern coast of Crimea, where the weather is subtropical of the Mediterranean
type. Warm low-snow winters and rainy summers are specific to the mild climate of
the Zakarpatye region.

World Bank Ease of Doing Business Rank:

Food and Cuisine Culture:

TOPIC RANKING The national dish of Ukraine is borscht,
78 the famous beet soup, of which many
Overall Ranking
varieties exist. However, varenyky (boiled
Starting a business 137 dumplings similar to pierogi) and a
Dealing with
179
cabbage roll known as holubtsi are also
construction permits national favorites and are expected in
71
Getting electricity traditional Ukrainian restaurants
Registering property 98

B
Getting credit
Protecting minority 70
investors
Paying taxes 65

Source : World Bank

Russia
Population: 146,045,203(2022)
Capital : Moscow
President: Vladimir Putin

Geography: Russia is the world's largest country in total land. The Caucasus
Mountains, Altai Mountains, Ural Mountains, Mount Elbrus, Kamchatka Peninsula,
Siberian Plain, Siberian Plateau, and Stanovoy Mountains are significant landforms.

Climate: Most of the country has a continental climate, with long, cold winters and
brief summers. There is a wide range of summer and winter temperatures and
relatively low precipitation. January temperatures are in the field of 6°C (45 °F) on
the southeastern shore of the Black Sea.

World Bank Ease of Doing Business Rank:

Food and Cuisine Culture:

TOPIC RANKING Poultry dishes are pretty celebratory in
70 Russian cooking. Stews, beef, and cabbage
Overall Ranking
are typical everyday fare, and goulash is an
28
Starting a business ancient meat dish. Bread and other wheat
Dealing with 115 items, namely brown bread, are also
construction permits essential components of the culinary
Getting electricity 4
culture
Registering property 93

Getting credit c

Protecting minority 31
investors
Paying taxes 24

Source : World Bank

STUDENT'S
CORNER

 SWIFT- A Messenger
As Russia began invading Ukraine on 24
February 2022, the United States of
America and the European Union member
Financial Telecommunication) is a secure
countries imposed several financial and
non-financial sanctions on Russia. The
tough call on banning SWIFT transactions
from some Russian Banks caused tremors
in the entire global money transfer system.
In 2014, the US also called for Russia to be
away from SWIFT after Moscow annexed
Crimea, though the sanction was not
realized. According to the data, Russia
uses SWIFT in 70% of its financial
transactions. Other than Russia, in 2012,
countries like Iran also faced sanctions on
using SWIFT due to concerns erupted
about the country's hidden nuclear
program. Hence, Internationally, imposing
restrictions on SWIFT is considered a
punishment to a Government that wages
wars or dictates destructive policies. As
many countries are dependent on Russia
for crude oil, natural gas, and other
agricultural products, it is a matter of
great concern with rising inflation. It is an
obstacle to settling imports; receiving cash
for exports, borrowings, and investments.
However, Russia introduced its network
through SPFS (System for Transfer of
Financial Messages) as an alternative.
SWIFT (Society for Worldwide Interbank
communication system for the institution
that enables global financial transfers. It
does not hold or transfer assets but offers a
secure facility being the mode of
communication. In a message, payment
instructions are transmitted from the payer.
Each member institution has a unique ID
with an 8 or 11 character code that identifies
the bank's name, branch, city, and country.
After receiving the message, Nostro(ours) or
Vostro (yours) accounts are used to transfer
money from one account to another with
bank charges. These accounts keep a regular
record of the deposited money between
banks. The network followed in making a
transaction message consists of a
relationship. If a relationship exists between
banks, the message goes quickly from one to
another. But if the banks do not
communicate, the message goes through
intermediary banks. The platform created
can be regarded as a channel for banks to
trade internationally. The origin of SWIFT
can be traced to the Belgian cooperative
society providing banking services. It was
founded in Brussels, supported by 239 banks
and 15 countries in 1973, and sent its first
message in 1977

 SWIFT- A Messenger Contd.
It operated through data centers
anchored in the United States, the
Netherlands, and Switzerland, sharing
financial information among domestic
real-time information. It is regulated by
the Central banks of G10 countries and
the National Bank of Belgium. To secure
access and credentials, institutions need
to declare 16 basic security principles laid
by SWIFT. The text messages consist of
five data blocks with three headers,
message content, and a trailer. All
messages include 'MT' as text, and three-
digit numbers denote category, group,
and type. The data of messages are
encrypted using codes. It helps
traceability, transparency, and
consistency in how messages are
structured. Before this, Telex, a public
system, was used as a mode of
communication. In 2014, SWIFT created a
joint venture as 'SWIFT India' for
domestic transactions in India.
The purpose was to exchange structured
participants. It is guided by the requirements
of regulators, government agencies, banks,
Non-Banking Financial Institutions,
securities markets, exchanges, repositories,
and customers. Other than Banks, the
SWIFT net service is also used in trading,
Asset Management firms, stock exchanges,
treasure markets, and foreign exchanges.
More than 11,000 financial institutions
currently use the SWIFT system in
International transactions, with 42 million
messages transmitted over the system each
day. This digital initiative disrupted the
traditional manual processes in the industry
forty years ago. SWIFT continues to be an
excellent payment instruction facilitator
globally among various messaging systems
like Fedwire, CHIPS, and Ripple.
JENIFER VAS
2128340
Effects on world economy due to Russia
- Ukraine War
The conflict between Russia and
Ukraine has harmed the economy of the
warring countries and the rest of the world.
The war has been a challenge for the global
economy, hurting the growth of the world
economies and putting upward pressure on
the inflation levels. Major countries like
China, Germany, the US, France, etc., are
some of the major import partners Russian
commodities whose supply has been halted
due to the war.
The Ukrainian and Russian economies
In a simulation conducted by the National
are some of the major suppliers of
Institute of Economic and Social Research,
commodities like palladium, titanium,
the conflict will likely reduce the World
wheat, and corn. Disruptions in the supply
GDP by 0.5% in 2022 and 1% in 2023
of these goods have led to the rise in prices,
(approximately $1 Trillion). This will add
which has impacted the users of these
3% to the inflation levels in 2022 and 2% in
products (automobile, smartphones, and
2023, increasing the cost of living and
aircraft manufacturers).
putting pressure on household
Russia is one of the world's leading oil
consumption.
producers, and energy exporters have hiked
In the long run, the war may alter the
energy costs, causing inflation to rise.
global economic and geopolitical order if
The conflict has also led to large-scale
the supply chains reconfigure, payment
emigration from Ukraine. The UNHCR
networks fragment, energy trade shifts, and
calculates approximately 4 million refugees
countries rethink their reserve currency
as a result of the crisis.
holdings. Increased geopolitical tension
The volatile market and political risk
further raises the risk of trade and
may increase the savings ratio, making
technology's economic fragmentation.
firms more reluctant to invest their money.
Effects on world economy due to Russia
- Ukraine War Contd.
Russia's war on Ukraine has disrupted those
nations and the regions around the world to
the point where the countries need to rely on
their safety net, which is in place.
"We live in a more shock-prone society," IMF
Managing Director Kristalina Georgieva said
recently during a media briefing. "And we'll
need the teamwork to deal with the upcoming
crises."
Although some effects may not come into
focus for many years, there are already clear
signs being seen of how the jump in costs of
commodities and the rise in inflation will
pressure the political leaders of countries when
making monetary decisions because they will
need to be able to strike a balance between
containing inflations and at the same time help
the economy to recover from the pandemic.

-ELSTON PINTO
2128312
 View on CAATSA Sanctions
President Trump signed the Countering
America's Adversaries Through Sanctions
Act of 2017 (HR 3364). On August 2, 2017,
Trump was initially offered an Iran sanctions
bill; however, the bill developed into a
compilation of other proposed sanctions
measures, including Russia, Iran, and North
Korea.
It probably caught consideration and was
passed quickly by the House and Senate-and
with tremendous edges in light of its Russian
authorization's arrangements. The
demonstration was principally taken to
obstruct an unmerited, one-sided lifting of
assignments, which was getting looked at at
the beginning of the Trump organization.
Bypassing the rally, Congress had the option
to show its assurance to oppose Russian
animosity in Ukraine and elsewhere and
punish Russia for hacking the 2016 US
official political decision.
Prior sanctions forced on Russia by the
United States and European Union (EU) and
the danger of
expanded sanctions were essential elements,
close to the fall in oil costs and Ukraine's
tactical endeavors, in restricting Russia's
hostility against Ukraine and freezing the
line of contact, which aided input everything
is out on the table for the Minsk Accords.
The financial effect of these approvals on
Russia was critical.
Many have seen that while the precarious
decrease in oil and gas costs had the biggest
contributing impact on Russia's monetary
downturn, sanctions sped up the financial
slump and play influenced hampering
Russia's capacity to move out of it.
The authorizations which exhibited US-
EU solidarity, while distinctly detaching
Russia, additionally subverted Russia's
mental self-view as a rising politically
influential nation and featured President
Putin's powerlessness to safeguard a portion
of his nearest relates from worldwide
assent.
In passing this new demonstration,
Congress had the option to sensibly
presume that approvals were a valuable
apparatus in achieving a settlement in
Ukraine, which was their unique reason and
could be utilized to set up a solid system to
stop extra Russian hatred in Europe.
Ukraine-related sanctions Arrangements
to forestall one-sided lifting of current
Ukraine-related sanctions Area 216 on the
Sanctions Act of 2017 (HR 3364) draws
from past regulations which approved the
legislative survey of the Joint
Comprehensive Plan of Action on Iran) to
accommodate legislative
audit and the possible dismissal of
approvals lifting.
 View on CAATSA Sanctions
Continued.

Its language proposes that Congress would Area 222 composes into regulation six
uphold facilitating of blessings because of chief orders (EOs) from the Obama
satisfaction or execution of the Minsk organization, four of which laid out the
Accords (which frame a settlement in the Ukraine-related Russia sanctions program
Donbas that eliminates Russian powers and in mid-2014. Two of which laid out the
counsels and reestablishes Ukrainian sway digital assents program utilized against
including over its Eastern boundary as a Russian focuses in December 2016.
trade-off for neighborhood independence, Furthermore, Section 222 requires that, to
nearby races, and acquittal). The Minsk defer any new endorses, the organization
Accords are the concurred US and European should ensure that Russia is "doing whatever
benchmark for facilitating sanctions. it takes" to carry out the Minsk Accords
This arrangement reflects legislative worries "and any replacement arrangements that are
that the organization could lift sanctions as a consented to by Ukraine." Section 222
one-sided motion to Russia. As composed as additionally subjects the end of approvals to
it may, Section 216 works out positively past a similar legislative audit process in Section
legislative audit of critical authorizations 216.
lifting.
Under its terms, Congress should audit and
object to any delisting of people or
substances by OFAC, any waiver of the
authorizations measures passed by Congress,
or any permitting activities that "altogether
change the United States Foreign Policy as
to Russia." Critically and joyfully, a
somewhat late expansion to Section 216
excludes from survey routine licenses that
OFAC uses to restrict the overflow impacts
of consents on the United States and its
accomplices and fix unexpected crashes of
approvals.
 View on CAATSA Sanctions
Continued.

By securing current Ukraine-related sanctions

against Russia and requiring a legislative audit
of approvals facilitating, the law hinders the
organization from following up on its evident
prior compulsion to lift them singularly as an
unmerited gift (a "kindness" or "compromise"
motion) to Russia. This survey arrangement is
presumably the central arrangement of the
law. While justifiable in its inspirations, it
places Congress in the strange and possibly
off-kilter position of dealing with this
component of US international strategy
toward Russia.
The Ukraine-related sanctions, similar to
sanctions, for the most part, are planned to
change conduct. Russia would have less
motivation to de-heighten assaults on the
contact line or cease other undermining acts or
acceleration against Ukraine.

HARSH KUMAR
- 202834
India's interests with USA and Russia
and the balancing act
India and Russia have a strong bilateral
relationship in strategic, military,
economic, and diplomatic aspects. After
the dissolution of the Soviet Union, Russia
inherited its close ties with India, which
resulted in both nations sharing a special
relationship. Russia and India term this
relationship a "special and privileged
strategic partnership.”
As the world rushes to sanction Russia
for its full-scale invasion of Ukraine, India
has refrained from criticizing Moscow's
aggression and called for "dialogue and
diplomacy." India is dependent on Russia
for defence weapons and oil.
In 2022, India and the United States are
expected to move forward on a wide-ranging
set of initiatives, including fighting against
pandemics, climate change, QUAD, and new
and emerging technologies. After India
abstained from voting in the United Nations
conference, all democratic nations pressured
India to support Ukraine and vote against
Russia.
India understands the importance of
bilateral ties with the USA and Russia. Hence,
abstaining from voting has maintained a
neutral stand and dignity to maintain good
relations with both countries.
-SANDHYA GIRISH KUMAR
2028302
 Sanctions on Russia and it's future
impact on the Russian Economy
Russia has 146 million people and has
one of the most significant landmasses
globally. Yet the GDP of Russia is not as
high as other developed economies. It can
be comparable to South Korea. It is
essential to consider that Russia is a
significant exporter of basic commodities.
After Feb 24th, following Russia’s invasion
of Ukraine, major western countries have
posed sanctions such as:
Ban of secondary trade in Russian
Govt Bonds
Ban of interaction with vital Russian
Banks
Ban of export of critical technology to
Russia
Freezing the assets of elite Russians
and banning their travel
Germany halted the certification of the
Nord Stream 2 gas pipeline.
But it is also known that Russia has
sufficient foreign currency reserves and can
temporarily absorb the significant decline
in revenues. Also, there is a fear that Russia
can counteract by banning its export of
essential commodities, such as the sale of
oil/gas, etc., to western countries which are
dependent on them.
On Feb 26th, all major western nations
sanctioned the Central Bank of Russia (CBR),
making it more difficult for Russians to obtain
access to its foreign reserves. Russia holds a
significant foreign currency reserve in euros,
pounds, and dollars. In addition to this,
western powers have banned Russia from
accessing the SWIFT financial messaging
system.
After the sanctioning of CBR, the Russian
ruble fell drastically, dropping up to 40%
against the US dollar. CBR increased its
interest rate from 9.5% to 20% to respond to
this crisis. Russia’s 10% GDP depends on
commodities and 70% on the export of goods.
Although it can be expected that Russia can
benefit from high commodity prices, it is
expected to face challenges due to financial
sanctions. It is also reported that refineries,
banks, and shipping companies across the
western world are shunning the Russian oil
markets to avoid the legal and reputational risk
associated with doing business in Russia.
- ASHITA BAGDI
2028358

IB REFORMS
AROUND THE
WORLD

 Future of Ukraine Medical Students
Ukraine is a country known for its
educational tourism, especially in medicine.
So many students all across the globe see
Ukraine as a top destination to pursue their
medical education. There are several
reasons for the same. Indian students are
one of the significant communities
pursuing medicine in Ukraine. They
account for almost 24 percent of the
overseas students. A few of the crucial
reasons behind this are: The total cost
incurred for a student pursuing medical
education in Ukraine is low & affordable as
compared to India. Ukraine is also known
for its reputed institutions offering MBBS
Programme. India also grants practice
licenses to professionals who have
completed MBBS in Ukraine.
With the ongoing war with Russia and
other issues, the future of students pursuing
their education in Ukraine has been put on
a fix. The returnees are uncertain about
their educational status. That's been a cause
of worry for all students and their parents.
The student community has been urging
the government & other educational bodies
to accommodate them in Indian
institutions & grant them a provision to
complete their MBBS in India and serve in
India.
At this stage, India requires the services of
much more doctors and healthcare workers.
But a clear decision has not been taken yet by
the government or any other educational
organizations. It should also be noted that
neighboring countries like Poland, Kyrgyzstan,
and Russia have provided opportunities and
invited students to continue education in their
own countries. Also, there seems to be some
light at the end of the tunnel for the final year
students pursuing MBBS in Ukraine. Their
government has announced that it will cancel
the mandatory licensing exam and award the
last degree. One more respite is that most
universities have resumed classes in online
mode.
The system of valuation and examination in
Ukraine is entirely different from that of
Indian institutions. Transferring essential
student documents from Ukraine university to
its Indian counterpart is imperative for
students' studies. One more problem is
educational loans taken by the students to
pursue their studies.
SHRICHARAN R
2127408

DOCUMENTARY
REVIEW
 Ukraine and Russia War

The cultural foundations of Russia and Ukraine are similar. However, throughout time, the
cultural and political identities of the two countries diverged. While Kyiv has fought Moscow's
attempts to impose its dominance over Ukraine, Moscow has maintained Ukraine as a part of
Russia. Despite their hatred, Ukraine was a member of the Soviet Union for more than seven
decades. The Russian Empire suppressed Ukrainian culture and language in the nineteenth
century. This was done for Ukrainians to become more assimilated into Russian culture.
Ethnic Russians were transferred to Ukraine by the Russian Empire to populate the territory
and make it more loyal to the empire. This was done to enhance Russian dominance over the
region and to expand the empire's borders. The Russian Empire began to relocate ethnic
Russians to what is now Ukraine. During the Soviet era, this trend continued.
There was widespread support in Ukraine to leave the Soviet Union in the early 1990s. Ukraine
inherited a considerable nuclear weapons stockpile following the fall of the Soviet Union. The
store was the world's third-largest, capable of designing and manufacturing more weapons.
There was widespread support in Ukraine to leave the Soviet Union in the early 1990s. Ukraine
inherited a considerable nuclear weapons stockpile following the fall of the Soviet Union. The
stockpile was the world's third-largest, capable of designing and manufacturing more weapons.
Ukraine promised in 1994 to destroy the weapons and join the Nuclear Non-Proliferation
Treaty (NPT). In 2004, political protests erupted in Ukraine in response to Viktor
Yanukovych's victory, backed by Russian President Vladimir Putin. According to the
demonstrators, the authorities rigged the elections in Yanukovych's favor. Viktor Yanukovych
stopped signing the EU Association Agreement on November 21, 2013, in favor of deeper ties
with Russia.
Euromaidan protests were sparked by the decision not to sign the deal. The protests were
held in response to significant government corruption, power abuse, and human rights
violations in Ukraine. Since the 2014 Ukrainian revolution, followed by Russia's annexation of
Crimea from Ukraine, and due to Russia's support for separatist fighters from the Donetsk
People's Republic and the Luhansk People's Republic in a war that had killed over 13,000
people by early 2020, and brought Western sanctions on Russia, relations between the two
countries have been tense. Several bilateral agreements have been dissolved, as well as
commercial relations.
A Russian military buildup on Ukraine's border in 2021 and 2022 heightened tensions
between the two countries and worsened bilateral relations.
 Ukraine and Russia War
Continued

In response to Russia's invasion of Ukraine, Ukraine severed diplomatic ties with Moscow.
Russia began a significant military buildup on the Ukrainian border in 2021. Despite warnings
from other Western countries, the advertisement persisted. Vladimir Putin, the Russian
president, issued an order for his army to enter Ukraine on February 24, 2022.

NATO & WAR

NATO is a military alliance established in 1949 (also known as the Washington Treaty) to
counterbalance Soviet troops stationed in Central and Eastern Europe after World War II.
NATO and Ukraine have had a long-standing relationship that dates back to the early 1990s
that grew into one of NATO's most important relationships. Cooperation in critical areas has
increased following the 2014 war between Russia and Ukraine. Since 1992, Ukraine and NATO
have enjoyed a relationship. In 1997, NATO formed a Ukraine-NATO committee to provide a
platform for discussing security concerns and to advance the NATO-Ukraine partnership —
notwithstanding the lack of a formal membership agreement.
NATO membership would considerably boost Ukraine's international military support,
allowing NATO to conduct military operations in Ukraine alongside Ukrainian forces. This
assurance of military power would serve as a stable deterrence to Russian aggression. While
Ukraine is making strides toward NATO membership, it is unlikely to join the alliance soon, if
at all.
Russia opposes Ukraine joining NATO because it would expand the organization's footprint
to its southern border. Another important argument is that any NATO member country will
be eligible for collective support from all countries in an external attack.
NATO considers an attack on one or more of its members to be an attack on them, as per
the principle of collective defense. Article 5 of the Washington Treaty establishes the idea of
collective defense. This is one of the reasons why Russia opposes Ukraine's joining NATO. It
believes that if Ukraine joins NATO, it will attempt a military takeover of Crimea. Aside from
the devastation and humanitarian calamity produced by Russia's invasion of Ukraine, the global
economy will suffer from weaker growth and increased prices.
 Ukraine and Russia War
Continued

There will be three primary avenues for impacts to travel via. One, increased commodity
costs, such as those for food and energy, will drive up inflation further, diminishing the
value of incomes and putting downward pressure on demand. Two adjacent economies will
face disruptions in commerce, supply chains, remittances, and an unprecedented influx of
refugees. Finally, lower company confidence and increased investor uncertainty will put
downward pressure on asset values, tightening financial conditions and possibly
encouraging capital outflows from emerging markets.
Countries with direct trade, tourist, or financial exposures will face additional pressures
in addition to global spillovers. Oil-importing economies will have larger budget and trade
deficits, putting more pressure on inflation. However, some exporters, such as those in the
Middle East and Africa, may gain from higher prices.
Should energy commerce move, supply chains rearrange, payment networks divide, and
governments reassess reserve currency holdings, the battle may radically upset the global
economic and geopolitical order in the long run. Increased geopolitical tensions enhance the
likelihood of economic fragmentation even more, notably in trade and technology.
The implications of Russia's assault on Ukraine have already shaken those countries, the
region, and the world, emphasizing the significance of a global safety net and regional
mechanisms to cushion economies.
While some repercussions may take years to show fully, there is unmistakable evidence
that the conflict and the resultant spike in the cost of critical goods will make it more
difficult for policymakers in certain nations to achieve the delicate balance between
managing inflation and supporting the pandemic's economic recovery.

SAMRIDHI JAISWAL
2128351
TALENT
CORNER
 Beauty lies in all regions

Captured by :
Jabez J P
2128315

Captured by :
Riya Jain
2028319
Namma Ooru- Bengaluru

Captured by :
Riya Jain
2028319

'SIMPLY NEAT!'
CLUB ACTIVITIES
AT A GLANCE
 Club Inaugration 2022

The FIB Club inauguration 2022 headed up with a guest lecture on the topic of "International
Finance" followed up with providing the Coordinator post to the first year students by the
second year students of MBA. We had the Heads of the clubs, Dr. Rashmi Rai of the
International Business Club and Dr. Rajani Ramdas of the Finance club, who were inductees
of the 2022-23 class and the International Club. The inauguration included presentations
based on the events that were conducted in the past and the upcoming activities. With that
event came to an end.

DATE: 09/03/2022
TIME: 2:30-4:00 pm
VENUE: Mini Auditorium
CHIEF GUEST: Ayush Jain
 The Big Calamity 2022 -
Crisis Management

Abhyudaya (IB Club) presented The The Big Calamities 2022 as the Activity. Eight teams
participated in the activity. Each group was assigned to one of eight countries: Germany, the
United States of America, Turkey, Egypt, Lithuania, Poland, Belarus, and India. Each team
discussed the impact of Ukraine and Russia's war on the country to which they were
allocated, and each component made their case to the United Nations Security Council. The
last stage required teams to explain why their group opted to support Ukraine or Russia.

DATE: 11/03/2022
TIME: 2:30-4:00 pm
JUDGE: Dr. Anand Patil
FACULTY IN CHARGE: Dr. Rashmi Rai
 Guest Lecture - Corporate Social
Responsibility and Sustainable
Development

The guest lecture was conducted with collaboration with CAPS team in BGR campus. The
Guest Speaker Ms. Mukul Rastogi, an Independent Consultant and Advisor in the Social
Sector and Human Resource. Therapist. She has worked as a vice president at ITC Ltd. and
has completed her Bachelors in economics from Fergusson college and MA in Personnel
Management & Industrial Relations from Tata Institute of Social Sciences. She also has a
degree in an advanced human resource executive programme from the University of
Michigan. The talk highlighted the CSR committee's actions and also discussed additional
eye-opening subjects linked to corporate responsibility.

DATE: 21/04/2022
TIME: 2:30-4:00 pm
GUEST SPEAKER: Ms. Mukul Rastogi
FACULTY IN CHARGE: Dr. Rashmi Rai


“If You Don't Choose To Do It In

Leadership Time Up Front, You Do It
In Crisis Management Time .”

-STEPHEN COVEY