Page 14 - NewsLetter Vol 2 Issue May 2020.cdr

My Trek Experience Covid-19 and lockdown - Should B-School Students panic:
ow about a hot cup of tea/coffee/milk high up at around 12,000 ft, oronavirus has expanded its wings in such a way that should remain positive and look at how we can utilize this time
with the view of sun's rst rays kissing a snow-capped peak? there is hardly any place in the world untouched by it. efciently. All the students are at home now and majority of
HSounds surreal, right? Now, imagine lying down on an open CNo disease in the past has had such far-reaching the companies have converted the internships into Work-
meadow with nothing to see but a sky full of stars -- a lot more than you consequences on the world. There is an atmosphere of terror, From-Home mode. There are plenty of companies offering
have ever seen. This was experienced by me on a trek to the mighty anxiety, and uncertainty all around the globe. Responding at internships in WFH mode, so those whose SIPs have been
mountains last winter. You will be able to do a lot more than just that. Far the right time, the Indian Government announced a 21-day revoked can be placed in these companies.
complete lockdown in the country effective till 14th April which
from phone signals and closest to the breath-taking peaks, you can has been further extended till May 3. Despite this laudatory Looking at how we can utilize this time when we are at home,
experience walking on the snow and hear it crunching under your feet, precautionary step, the number of positive cases is on the rise working in WFH mode, the rst thing that we should be
breathe the fresh air, have your dinner by a campre and sigh at the most in India. But if we look at the spread of virus in other countries, thankful for is that we are getting this rare opportunity to
beautiful views that you pass by. Stay will be at a wooden hut or basic one can easily nd how effective lockdown has been in spend time with our family which every student and
lodge with a dining area or campsites with tents, cozy bed with warm containing the spread of virus. professional crave. So, we should enjoy the time with our

blankets/sleeping bags. On a trek, this feels like a luxury! As soon as the government announced the lockdown, the loved ones. Secondly, owing to less work pressure and
working hours exibility, we can work on learning new skills in
stock market crashed. It is on the free fall since then, amid our free time. We can do various useful online courses, live
All this can be enjoyed after practising regularly, i.e., 5km jog/brisk walk huge future uncertainty. There is hardly any economic activity projects and certications which will add value to our
which should be completed in 35 - 40 minutes. I have been to two treks so going on in our country. credentials. As, the economic condition has worsened and

far and trust me it is a lifetime experience. I repeat it is a life time Amid these uncertain times, there is one group of people who will take time to recover, there is going to be huge competition
experience. is quite apprehensive about their career i.e. B-school students in placements this year. Adding new skills may eventually
graduating in 2021. Many companies have revoked the make one stand out from the crowd and sail through the
Sandakphu (January 2018) - 11,900 ft. altitude Summer Internship (SIP) offers as the Internship period has tough competition. As everybody is tensed due to future
started and the country is in lock-down. Also, no body knows uncertainty, one should invest some time in pursuing their
Deoriatal Chandrashila (December 2019) - 12,100 ft. altitude how long this lock-down is going to be. Worsening nancial hobbies too. It can be singing, dancing, painting, reading,
position of the companies due to lockdown is also leading to gardening, exercise, playing musical instruments etc. These
Life lessons learnt: this unpleasant eventuality. In this tough time, should the B- things will keep one happy and positive in this testing time.

School students panic, is a question. At last, we must understand that pressing the panic button is
Ÿ Understood the importance of
First of all, there is no one denying the fact that it is an alarm in no way going to help us. Everything is going to be normal
small things (which we often don't again soon. The need of the hour for us is to remain positive
bell for the B-school students recently graduated and those
care) like food, water, silence, even graduating next year. But they must understand that this is an and focus on learning new things every day.
more. I'm going to be more grateful unprecedented situation and is in no body's control. Almost
for it and respect these small things everyone is impacted by this in one way or the other. Yes, by Md Mukarram Hussain
PGP (2019-21)
even more. placements are denitely going to be impacted by this, but we
Ÿ Helping strangers by giving small things makes us donors and people who could carry
more food and water with them till reaching point are treated as richest.
Economy and Corona
Ÿ Nature is the best healer. In return, we all should take the utmost care to protect and
safeguard the environment. he world is one interconnected market”- boasted people adopting specically focussed on “food security” and
of how globalisation has turned the places so accessible
by Tacross countries and how interconnected has the providing money in the hands of the poor.
G Nandita 1. For poor and migrant workers - Announcement of
economies become. With the onset of COVID-19, the fast- “Pradhan Mantri Garib Kalyan Scheme” worth Rs 1.7
Assistant Manager (Finance & Accounts) paced world caught in its daily affairs has suddenly stopped. lakh crore and aiming at direct transfers of cash benet
IIM Visakhapatnam And starts the blame game between countries as to who really 2. For doctors - Insurance cover worth Rs. 50
started and led the others on the path of an economic lakh/person (Doctors, Nurses and other health
downturn. The issues that went unrecognised in the good professionals
times are coming to be noticed now. This will surely have a 3. For poor- Additional 5 kg of rice and wheat apart from
ripple effect on the world relations which was already tensed. the existing 5 kg grant (80 crore poor people will
benet out of it)
The countries are contemplating their ties with other countries
Unravel through chaos and trying to get self-sufcient or moving to get into new trade 4. For MGNREGA - The wages to be pushed up by Rs.
The Destination 2000 per worker
Telling a true story needs courage, relations with other countries. This surely isn't the end of 5. For poor widows, divyang and senior citizens - Ex-
You start your journey to reach your goal, “Globalization”. Some countries like France have made it clear
Will Power and Hope clear confusions, gratia amount of Rs.1000 pm for three months
You take small steps, to move in accord, for the French companies to revamp their supply chains and
And helps a person to come out of illusions, ways of doing business to reduce their dependence on China. The Government of India also announced the suspension of
Your zeal encourages you and embarks you to follow your
Trust on your instinct, Trust in the divine light, While China is thinking of changing its strategy of shifting from Member of Parliament Local Area Development Scheme
instincts, something more than “low-cost manufacturing for the world” (MPLADS) as measures to ght the Covid-19 crisis which has
Your way shall enlighten; your soul shall brighten,
Your efforts accomplish your every stint, towards manufacturing of technologically advanced products. gained huge amount of criticism for being anti-federal and
The glory of victory shall blossom your visage, There are different predictions as to what this pandemic will rendering MPs powerless. This suspension of MPLADS will
The accolades which come your way are sought with much
Your journey shall nd solace, lead to- global nancial collapse, rise of new super powers, help the government save a whopping amount of Rs. 8000
eager and wait, digitally powered functioning, etc. crore in a period of two years. Tracing the spending pattern of
And You shall have many accolades,
You fall, you ght, and you face every odd upright, One would as what is the impact of Covid-19 on the Indian MPLADS was mostly in the area of building road, railway
A day of darkness does not summons for an end, facilities, education, clean drinking water facilities, etc.
You jitter; you deter to craft your path to glitter, Economy? The condition of the Indian Economy is rather in a
A new dawn is ready after every dusk, Suspension of this scheme will make it difcult for the MPs to
You focus, you plan, you execute, and you run, sad state gripped by fear of impossibility of revival from the even recommend some customised necessity and micro-
So, stand up with all your might without any dust, hard blow by the virus crisis. The major segments to suffer are
You endure, you love, you cherish, and you afrm, the NBFC's, Small-and-Medium enterprises, travel, aviation level interventions which is greatly needed currently to
Clarify and introspect, do not daunt, do not haste, alleviate the distress that the Indians (mostly the poor) are
You reach a milestone and your journey again begins... sectors the bottom of the social pyramid which were mainly
As you have a purpose, purport on it, hired by the private sectors or the unorganised sector. Indians facing. Moody's Investor Service has also sharply slashed
As you have a life, live it….!! see some form of hope when the relief packages are down the projection for India's GDP growth to 2.5% for the
by announced either by the RBI or the Finance Ministry. year 2020 and stated that severe liquidity constraints in both
Devoshri Mukherjee the banking and non-banking sectors.
Staff (PGP-DGM Ofce), IIM Visakhapatnam The rst relief package announced by the Finance Minister
Nirmala Sitharaman highlighted the following measures to be
14 IIM Visakhapatnam IIM(V)IBES - A quarterly newsletter 15