IIM Rohtak hosts Management Summit 3.0: GST discussed as Innovative Tax Reform
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.
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.
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.
IIM Rohtak Updates and Articles
IIM Rohtak Admission Criteria 2020 - IIM Rohtak has released t...
IIM Rohtak Placements 2019 - Know all about the major highligh...
IIM Rohtak introduces a five year integrated MBA Programme at ...
Questions related to IIM Rohtak
is IIM Rohtak a good college for 5 year integrated course in management?
The placement committee is highly dedicated in bringing the best companies for recruitment located nearby,i.e, around northern india which is a greater advantage. Last year,both in summer placements and final placements, 100% students were placed.
IIM Rohtak stood on rank 5 in the research and development practices in management criteria among all the IIMs in India, and ranked 27th according to NIRF ,2018.
Also, the academic rigor in this college is quite high.classes are mostly about discussions of cases with your peers, which is an advantage for the development of your skills. Lectures act as facilitators of the discussions.
I am waitlisted for IPM at IIM Rohtak 2020-2025 batch, I didnt get any rank, and i am general category ,can i expect admission?
So,firstly i would like to congratulate you for making into the wait list of IIM ,Rohtak but i would suggest you to please wait for the final cutoff lists to be announced and please keep a 2nd option ready for any chances as it is sometimes difficult to crack the waiting list for the General category students.
Hope i might helped you.
i have been waitlisted for ipmat rohtak nd without any rank.....am from general category do i have chances of selection in iim rohtak?
Dear candidate, your question is not complete, it has some missing information but if you didn't get any rank for ipmat for rohtak then do consider other options as well, so that you don't waste your 1 year. You might had applied for other examinations, please consider that too.
Yes you can try for rohtak as well but there are very few chances. Good luck!
We regret to inform that you have not been selected for IPM Rohtak batch 2020-25 . Pls tell , can I still get a call from iim rohtak .
Hello student. IIM rohtak has sent a mail stated above. So, there would not be any chance for you to get a call from the university any more. Really sorry. But donot worry. Try applying for other colleges. You will definitely get the admision in any of the good colleges.
Should I take admission into IIM for IPM or Symbiosis Pune for ba llb if I have been selected for both and have no particular interest?
Hello student bot BA LLB and BBA +MBA are reputed course but if you compare Symbiosis college with IIM you'll get to know that IIM Is more recommended by teachers and experts so I'll suggest you to go with IIM for IPM course.
IPM is also one of the best courses to get admission for after class 12 so if you've got selected then without any doubt you should go with IPM.
In case if you're not interested in purchasing your career in management and interest in pursuing law then you should get admission in Symbiosis.
Feel free to comment if you've any doubt