IIM Rohtak hosts Management Summit 3.0: GST discussed as Innovative Tax Reform
Vikas Gaur, 14 Nov 2017, #IIM Rohtak
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Indian Institute of Management, Rohtak (IIM ROHTAK), the first IIM in North India and the only IIM in Delhi-NCR region, hosted its first MUMBAI management conclave on 11th Nov 2017. The purpose of the management summit 3.0 was to augment interface between academe and industry for the transformation of the business environment in India. Several industry stalwarts and top academics from IIMs participated in the summit.

 

The key discussion at the event was around innovation and how it can help transform the business environment specifically and nation in general. The event registered the presence of more than fifteen industry stalwarts and IIM faculty discussed how innovations can be fostered and commercialised successfully. Among the key invitees who spoke at the event were Sonali Dhawan, Marketing Director P&G, Prabhat Agarwal, CEO Alkem labs, Pia Shome, Vice President RBL bank, Pia Shome, VP, RBL Bank, Bal Mukand Singh, AVP-HR, HDFC Ergo, Rajesh Dubey, President, Alkem Labs among others.

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Goods and Services Tax (GST) was also discussed by academics and industry stalwarts and how it may help transform consumption behavior, business environment, and investment in India.

 

Prof Dheeraj Sharma, Director, IIM-Rohtak said that “GST is an innovation. It is innovation in tax collection and governance.” He also added that new changes in GST are likely to further stimulate consumer demand by cutting inflation, improve investment environment in India, and encourage better tax compliance among traders and small businesses.

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Sonali Dhawan, Marketing Director P&G, said, “GST is likely to spur consumption and will make products affordable”. She also said that innovation failure is a people related issue and not a product related issue.

 

Prabhat Agarwal, CEO Alkem labs, said, “GST presents an opportunity for pharma sector to leverage”. He also talked about inefficiencies in the supply chain that will be reduced as a result of GST implementation.

 

Rajesh Dubey, President, Alkem Labs, added that while on surface there is an increase in GST on pharma 12% but actually there may be reduced tax burden if other efficiencies in the supply chain are realized properly by good organizational practices.

 

Mr. Tridipta from Thompson Reuters said that new GST changes will bring positivity in the business environment. Mr. Sunil Bhagwat from Huhtamaki added that GST will increase food consumption that will probably lead to increased business in the packaging industry.

 

Immediate usefulness of GST and implementation challenges were also discussed at the summit. The summit attendees also debated whether the recent revisions to GST were implementation failure or requirements for smooth transition to GST. Overall, the interaction between academe and industry suggested that GST is a positive reform but may require a sustained effort from the government in terms of communication of the GST related matters and also in terms of IT support for better compliance.

 

In summary, industry stalwarts and academicians concurred that GST is going through initial teething problems, which seem to be over. It is expected that the last quarter of the years will be marked with sharp growth.

 

Overall, the summit was a major step toward developing a better understanding of the role of innovation in business transformation, particularly with a focus on GST. Prof Dheeraj Sharma, Director, IIM-Rohtak, said that IIM-Rohtak students and faculty are likely to come up with a white paper on GST’s influence on business environment soon.

 

Nearly fifty students and five faculty members from IIM-Rohtak were involved in the organisation of this event that aims to crystalize how innovation in products, services, and governance can act as a catalyst in transforming the economy.

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Questions related to IIM Rohtak

Showing 27 out of 27 Questions
21 Views

is there any freshers party Organised??

Era Madaria 25th Sep, 2019

Hi Student


This kind of information is given by your seniors and your faculty . But every college has freshers party ... the quality of fresher depend on your senior batch .


Hope your query was cleared . If you have any further doubt you can mention it in the  comment section below .



Best Wishes

78 Views

IPM IIM ROHTAK SAMPLE QUESTION PAPER

Deepanshi Verma Student Expert 2nd Sep, 2019

IPM entrance test has 2 sections : Section 1 : Quantitative Ability and Section 2 : Verbal Ability.

The questions are based on mental aptitude and one’s hold over the English language. You can practise such questions from a lot of sources.

However, this can help you. Have a look : IIM Indore IPM Sample Paper

An IPM friend of mine once told me that he appeared for IPM test because he wanted to practise the VARC section for BITSAT and later decided to join IIM Indore. So, the aptitude test isn’t very IIM I specific.

Hope this helps !

All the best. 

36 Views

IS IIM Rohtak offers MBA in different branches like IB,Finance,Marketing?

Deepanshi Verma Student Expert 26th Aug, 2019

IIM Rohtak Online Entrance Examination for 'One-Year Post Graduate Programme for Executives' (ePGPx) from IIM Rohtak' will be held on 26th October 2019 (Saturday). So better govg tge exam. So better go for it and get the job done. All the best as the college is providing the course so do not miss the opportunity and go for it!

166 Views

My IPM Category wait list in IPM IIM Rohtak is 20 (SC). What are chances of my addmission

Snigdha Sharan Student Expert 2nd Jul, 2019

Hi Stuti,

You have good chances to get a seat in IPM IIM Rohtak, as based on this number in wait list your status is expected to get confirmed soon. Hence you have good chances of admission. Integrated Programme in Management (IPM) is a five-Year programme introduced by IIM rohtak for students after class XII who aim to pursue their career in Business Management. It is a comprehensive management program that has a combined course of management studies from under-graduate (UG) to postgraduate (PG). 

Good luck

148 Views

My waitlist category rank (General) for IIM Rohtak is 26. Do I stand any chance of getting through?

SHRUTI MORE 28th Jun, 2019
Yeah! That's really easy to get in. General cutoff (waitlist) goes upto 80-140 and you are already in. So just chill and relax. Prepare for your college. Its not a matter of tension.
All the very best
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