1 Cover Photo by Er. Divyadeep FOR INTERNAL CIRCULATION

V O L U M E
ALSO INSIDE
THIS ISSUE:
2 ,
I S S U E 5
The Monk Who Sold Apples
By Nitisha Khandelwal
O C T O B E R , 2 0 1 1
Aakash– The Radical Innovation
By Ashish Sethi
US Double Dip Recession
By Kanika Jain
1
Cover Photo by Er. Divyadeep
FOR INTERNAL CIRCULATION
ASTITVA
VOLUME
2,
ISSUE
Letters to the Editor
Cover Story
5
CONTENTS
…..…….………………………………….3
To Sir With Love
Divyadeep Singh Meena .……….…….…………………………………….19
…………………………………………………...4
CAUTION! READ THIS AT YOUR OWN RISK!
Geromic Geroge …...……….……………………………………………..20
National Seminar on Climate Change
Ginni Rani ..………………………..……………………………………………….8
New Element in The Periodic Table
International Statistics Day Celebration
Sudhanshu Maurya …….……………………………………………………….20
Megha, Pallav & Punit …………………….……………………….…………….8
lH;rk o laLd`fr ij O;k[;ku
lkSE; ijekj] uhye lsu ………………………..………………………………….9
How To ...?
jko.k ngyk ?ke.M tyk*
bUlkQ [kku ]fotsUnzflag ijekj ¼ehfM;k ,.M dYpj½ .…………………….9
Let’s Play Gentlemen – Gentlemen
‘Political Institutions’ and ‘Political Culture’
The Energy Bridge
Geromic Geroge …….......…….…………………………………………...….10
Divyaroop Harshwal ...…………………………………………………...22
Long Live Gandhi: The Apostle of Peace
Narendra Jarwal……………………..…………...…………………….…….11
Launch of Aakash Tablet
The Certainty of Success
Aakash – The radical innovation
Raghubir Singh ..…………………………………..……………………………...21
Ritesh Dudi ……….……………..………….……………………..……………….22
Megha Maheswari ..….………….…….……………………………………….23
Pankaj Swami ...…………………………..………….………………….…...…11
Ashish Sethi ..…………………………..…..……………………………………...23
International Financial Reporting Standards (IFRS)
The Monk Who Sold Apples
Pallav Bhat, Ravindra Singh ……………....……………………………….12
Nitisha Khandelwal………………..……...………………………………….…24
10 Signs of a U.S. Double Dip Recession
RiP Steve Jobs (1955-2011)
Kanika Jain…………..…………………..…………………………………………..15
Deepanshu Mittal……….…………………………..…………….…………..…25
oDr ugha
Tribute to Jagjeet Singh
dey dqekj …………...…………………………………………………………16
Ruchita Jain …………………..….........………………………………………….26
vglkl vkSj ftanxh
Life is Something
uhye lsu ……………………..….……………….…………………………….16
Sudhir Kumar ………..…..……….……………………………………………….26
gekjk otwn
v#.kk “kekZ ……….……….……………………………………….…………..17
Book Review: Little Prince and The World is Flat
Khushbu Sharma …………….……………………..…….……………...………27
अच्‍छे‍्च्‍ े
Movie Review : The Pursuit of Happyness
xtsUnzflg “ks[kkor ……..…………..…...……………………………………17
Nikita Puri ……………………..………………...………..………………………..28
Xkt+y
ft;kn gqlSu …………..………..………………………………………………17
Music Review : Metallica
Deepanshu Mittal ....……………………..……………………………………..28
dyk vkSj v/kwjkiu
lkSsE; ijEkkj ……….…….......………………………………….…………….18
Is Formula One An ‘Elitist’ Sport?
Geromic George ……….………………….……………………………………...29
The Way of life
Campus Buzz
va”kqeku xqukor……...……………..………………………………………..………..18
Campus Buzz Team ………..…………………………………………………….30
fonkbZ ds {k.k fj”rksa dk tqMko
Pièce de résistance………….………………………………………….31
Kirti Sharma …………………………..…………………………………………….19
………………………………………………………………………………………………...
……………………………………………………………………………………………......
2
ASTITVA
VOLUME
2,
ISSUE
5
Astitva Editorial Board
(In alphabetical order): Abhijit Gajapure (M.B.A.), Ashish Sethi (M.B.A.), Arun Kumar Shukla (MSc.Tech. Mathematics), Deepanshu Mittal
(M.Sc. Statistics), Geromic George (M.A. Economics), Khushbu Kumpawat (M.A. English), Nitisha Khandelwal (M.Sc. Statistics), Poonam
Rathore (M.A. Economics), Pramathesh Nandan (M.A. English), Prem Prakash Meghwal (M.B.A.), Priyanka Gupta (MSc.Tech Mathematics), Raghubir Singh (M.B.A.) and Ritesh Dudi (M.B.A.).
Astitva Team
(In alphabetical order): Aruna Sharma (M.A. Hindi), Ashanjal (MBA), Ashutosh Bajaj (M. Arch.), Jyoti Divedi (M.A. Hindi), Khushbu Shar-
ma (M.A. Economics), Nikita Puri (M.A. Economics), Nitisha (M.Sc. Statistics), Poorvi Medatwal (M.A. Economics), Shefali Kumawat (M.A.
Economics), Vijendar Singh (Media and Cultural Studies), Vivek Raj Bulia(M.Arch.), Yadvendra Parmar, (M.A. Hindi).
Letters To The Editor
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3
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COVER STORY
VOLUME
2,
ISSUE
5
Celebrations
The fabled ASTITVA of
Central university of Rajasthan
Gushes regal splendor.
Take a trip to a month of
Festivals and bonhomie.
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COVER STORY
VOLUME
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ISSUE
5
CELEBRATIONS
It is celebration that touches our heart and soul...
“What-so-ever which is beautiful, creative, and of worth in humans is celebration and our festivals represent all such feelings.”
Feelings, soothing emotions, which makes us feel musical and enjoyable represent celebrations.
Why is it that some moments, hours, days, months, years seem to us like a celebration?
Why is that each day is not a celebration or should we celebrate each day?
Let us try to find the answers to some such questions.
We feel only those things which are inside us. For some people their whole life is a celebration.
Such people are incredible. May be this is a feeling which they get from the experiences of their
life. These are the one who had lived their life to the fullest and they had given a lot to the lives
of others and society as a whole. I feel they are the most positive ones. Their thinking style is a
bit different from how most of us think. Their heart is attached deeply with the experiences of
life.
Feeling celebration from the inside is viewing everyone from the perspective of brotherhood. Everyone seems to be unique in some way or the other. Besides the commonly seen manifestation of
celebration, many people celebrate the beauty of nature like blossoming of trees, blooming of
flowers, smiles and innocence of persons, change of seasons in different-different ways. Thus, so
peculiar and unique is the feeling of celebration that it keeps changing the human being from
what he was before, it keeps transforming him and thus one evolves.
As Osho has rightly said, “Once you start rejoicing whatever you are, life takes psychedelic colors,
your each moment becomes so juicy, your whole life becomes a celebration. The whole existence is
a celebration. The laughter has certainly to be the major ingredients in this celebration. The intelligence of the heart creates poetry in your life, gives dance to your steps, make your life a joy, a
celebration, a festivity, a laughter”
Celebration is “Be blissful, be in peace”. We should work with our mind again and again to see
what it is that gives us joy or bliss. Be very clear, happiness is different from bliss. Bliss is a
beautiful and intense feeling inside you that makes you feel that you are on a different plane of
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COVER STORY
VOLUME
2,
ISSUE
5
existence and it gives you a great sense of peace. Happiness and pleasure is often related to materialistic objects and creates pain continuously for us as well. Happiness is relative while bliss is
absolute. Bliss is something that has no opposite. When you are in happiness ,sadness is around
the corner. When there is lot of pleasure, you are on the anvil of pain. But when you are in bliss
you simply are and there is no opposite to it. Bliss is beyond duality, it never sways.”
Celebration: the sole aim of every entity in this universe. Life should be a continuous celebration,
a festival of lights and colors the whole year round not specifically at Deepawali, Holi or Eid.
We should harmonize ourselves in a way that every small thing or event gets transformed into a
celebration. Most of us complain that our respective life is miserable but ironically we all are in
tremendous love with it. Hence celebrate every moment; there is no other way out. Everything
needs to be celebrated. Celebration is not of attaining some goal, but we should celebrate each
moment spent in attaining that goal. At very personal level every day should be a celebration
because life is ephemeral. Every instant it is changing. Celebration is the consequence of integration and acceptance. Sometimes it would be conspicuous and sometimes very hard to notice. For
example, the dance of a peacock during a cloudy weather is easily noticed but every living being
has its own way of celebration. In human beings some are so introvert that they love to celebrate
even their happiest moment in silence. One should enjoy each activity which one performs because
the reason for the happening of any activity is never to put us in a adverse situation but just to
give us a different taste of life. It is really nice to see people enjoying their daily routines, chores
of the day like bathing, sleeping, eating etc. It is an etiquette to keep quite while eating. This has
more to take with, whether we are enjoying our food or not, than with anything else.
By nature human beings love celebration. Celebration has originated from social groups. We love
to be in groups as it divides sorrow and multiplies the happiness. Celebration in the form of festivals highlights the philosophy of life. Birth-death, deities, grains, fire, jungles, trees, river, changing seasons, transition of planets, relationships extending beyond life, our dead ancestors and pen
-inkpots, everything has a festival related to it.
Being in tune with life is most important in order to celebrate our existence, and ironically the
most difficult. When we look at the tribal people, the versatile musicians, artists or even a famous scientist, we find „LIFE‟ and passion in their work. Being in tune, the tribal people celebrate every change in nature and never complain. The frenzied dances and music is a manifestation of celebration of their passion, the life and the connection that they share with each and
every living entity.
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ISSUE
5
Celebration in University
The arrival or birth of something ,or getting to a new place always has some uncertainty,
anxiety along with a sense of celebration imbibed in it. Since the last couple of months
our alma-mater has been surrounded by positive vibes the glow of which is being reflected
on most faces in the university. On one side, freshers‟ are celebrating their arrival in the
university while the seniors are celebrating the joy of meeting new faces. Each one of us is
celebrating the feeling of getting into the new campus. Many faces are radiating the
warmth of celebrating their devotion towards studies, sports, co-curricular activities or
even towards the opposite sex.. Most of us have found our own source of joy and are busy
celebrating with it. As the student strength of the university is very less, we tend to celebrate each day as members of a joint family like recently, we celebrated Navratras,
Dussehera, International Non-violence day, Joy of giving week etc. We even celebrate the
birthday of many of our batch-mates and juniors with great fervor. At personal level few
girls even celebrated the pious festival of Karwa Chauth.
For some people like me, celebration in the university could be as simply as getting time to
be either with myself or with nature. Celebration for me could be to be with friends whose
company provides me an opportunity for self-introspection and critical appraisal of my
work. It could also be celebrating silence after living for a long time in a crowded city like
Delhi. I usually celebrate the beautiful view of sunrise, sunset, and the wonderful moon
in a starry night. One may celebrate the time when one is totally with oneself while doing
one‟s routine works or while one is taking a stroll after dinner.
It is always nice to have a close look of a budding thing whether it is a living thing or a
non-living thing like an institution. It is joyous to see our alma-mater developing in different dimensions each semester. We are feeling lucky to avail ourselves of many diverse
opportunities that strengthen our personality. Last but not the least we all are glad to
celebrate ourselves as leaders without playing the role of followers.
With these words I would like to give a pause to my article and congratulate all of you
on the sacred eve of Deepawali. So be blissful, be in peace, be creative, be beautiful, be
joyous, keep smiling and celebrate your Astitva in this university,
Arun Kumar Shukla
MSc. Tech Mathematics –V
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National Seminar on Climate Change
Environmental science department of
CURAJ held 2 day National seminar on
climate change, on 10th and 11th of Oct
2011 under direction of K.C. Sharma
(OSD and HOD) along with Prof.
Devesh Sharma and Prof. Garima
Kaushik. Eminent speakers and
learned personals from various disciplines of environmental science were
invited for enlightening and updating
students. Also, students and faculty
from selected universities and colleges
all over India were invited. The inaugural function started with lamp lightning
and
welcome of
the intellectuals. Prof.
P.S. Dubey,
exprofessor
and chairman, pollution control
board, Bhopal addressed the inaugu-
ral session which was followed by
presidential remarks by honorable
Vice-Chancellor, Prof. M.M. Salunkhe.
It proceeded with innovative lectures
on global environmental issue, climate
change; adaptation and mitigation,
clean technologies for sustainable
development, management of solid
waste, role of cyanobacteria in mitiga-
tion and a very interesting presentation on Antarctica; an ideal platform
for studying and monitoring climate
change by Anubha Kaushik. On second day, topics like urban heat island effects, water footprints, impact
of climate change on animal life, climate change in Rajasthan and sociocultural implications of neoliberal
economy and climate change by Dr.
Rajiv Gupta, a sociologist were covered. Each session was very interactive and informative. Dr. Alok Srivastav deliverd vote of thanks followed by experience sharing from
CURAJians and finally group photograph.
Ginni Rani
MSc. Environment Science
International Statistics Day Celebration
October 20th is celebrated as International Statistics Day since year
2010. The world celebrates the Statistics Day to raise awareness of many
achievements of official statistics
premised on the core values of service, professionalism and integrity This
day was celebrated by Department of
statistics in CURAJ .On this Occasion
an eminent personality Dr. Devendra
Kothariwas invited as a chief guest.
After obtaining formal degree in population sciences from the Harvard University (1975) and Australian National
University (1980), Prof. Devendra Kothari has been working in the area of
population program management. He
was associated with the Indian Institute of Health Management Research
(IIHMR), Jaipur for more than 14
years. Currently, he is working as the
Director of Forum for Population Action (FFPA), a national NGO, working
on issues on population and development (www.ffpa.weebly.com). He
headed the team, which drafted statespecific population policies for Madhya
Pradesh (2000) and Rajasthan (1998).
On the occasion of International Statistics day, a quiz by Statistics department for Department students regarding General Statistic on 19th October.
This was a great success for which the
results are declared on 20th October.
Also it is proposed to have such kind of
quiz for all the students of the university from next year onwards.
At this day he enlightens to all with
one of the major problem which India
8
is facing since many decades i.e.
growth of population creates chaos
for the growth of economy. He laid
down various facts and figures i.e. the
rate at which population is growing in
India .Dr Kothari majorly emphasized
on control of population growth of
the country.
It was a good experience for all and
everyone was awarded with the negative effects of the population
growth with comparison between
India and China population on the
basis of data.
Megha Maheswari
Pallav Bhat
Punit Bhatnagar
(Dept. of Statistics)
UNIVERSITY NEWS
VOLUME
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ISSUE
5
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lHkh Nk=&Nk=kvksa dk ;ksxnku jgk A
** esjs eu esa jko.k cuk dj tyk;k tk;sa
vkSj ng”kjk dks /kwe&/kke ls eukus dk
fu”p;rk iw.kZ [;ky vk;k ] vkSj ;g dk;Z
lkdkj gks x;k ]eSaus fe=ksa ds lg;ksx ls
jko.k dks rS;kj fd;k ]vkSj cqjkbZ ij vPNkbZ
dh thr ds bl ifo= R;kSgkj dks lHkh ds
euk;k A
fo|kfFkZ;ksa ds vuqjks/k ij lgk;d
izksQsljksa us jko.k esa vfXu yxkbZ ] jko.k
QVkdksa ,oa jks”kuh ds QVkdksa dh vkokt ds
lkFk tyus yxkA vkokt okys QVkds rFkk
jks”kuh ds QVkds pyus yxsa ] vkdk”k jks”kuh
ls txex gks x;kA Nk=&Nk=kvksa us gwfVax
ds lkFk Hkxoku Jh jke ds
bUlkQ [kku ]fotsUnzflag ijekj
¼ehfM;k ,.M dYpj½
9
STUDENT’S CANVAS
POLITICS AND CURRENT AFFAIRS
‘Political Institutions’ and ‘Political Culture’
Everything is political.
However, the mere mention of the
word ‘politics‘ makes people act in
a rather ‘strange manner’. It has
acquired a negative connotation
over the years. One can blame the
politicians for politics!
does get handed down the generations
over time.
To explain, I would take an example of
a modern day political institution of
India— the Parliament. The Parliament
In all the hubris of politics, be it
politics at the student level or politics at the international level, two
very important concepts arise:
political institutions and political
culture.
Political institutions are the structural edifices within which political
cultural resides. Political institutions are designed and established
in such a way that there are both
elements of flexibility and rigidity
present in them. They also need to
have definite shape and form and
are made such a way that they can
withstand the tests of time. Political culture meanwhile is the entire
sum of the traditions and practices
of the ‘ruling or governing establishment’. Political culture is also
amorphous and has no well defined pattern. Culture is usually
subject to easy change but intrinsic
characteristic parts of it can and
is the temple of our democracy. It is an
institution given shape, size , function
and form by the Constitution of India.
Without the Indian Constitution, the
Parliament would not have existed. The
spirit with which it should function is
also preserved within the Constitution.
However, the culture within it comes
from elsewhere. The culture comes
from the practices of the ‘governing
establishment’. The current of political
leaders are very different from the
leaders we had during the 50s and 60s
i.e. just after independence. The difference lies in the difference in culture.
The current crop of leaders are corrupt, loud and crass; and this becomes
the political culture of the day. This as
opposed to the culture of dignity, humility and honesty of the leaders of
independence era. So, we now have
this great tamasha or the Great Indian
Circus where our elected leaders flinging mikes, paper balls and what-not on
each other while being live on TV and
all of this happening in the hallowed
institution of the Parliament. Little now
10
needs to be said on corruption which
now seeps through the walls of our
political institutions. Our institutions
are now rotting because of this and
we need a new crop of leaders with a
more ‘civilised culture’.
We can take a look at our own university with its own set of political cultural and institutions. The structure for
our institution has been laid by an Act
of Parliament and there is one for
both the students as well as the administration. We now need to build of
culture of appreciation of merit, of
knowledge, a culture of healthy debate and of mutual respect. But
merely building a culture won’t
suffice. One needs to build an institution as well. A belief in the structures
of an institution is also needed. It is
within our institution that a culture of
learning can reside. Both the structure of an institution and the life of an
institution i.e. its culture are of equal
importance. At present there is a
belief in the structure of the institution and that one can manage with
culture alone. This belief is highly
misplaced and needs to be rectified.
The process of building institutions
and making and remaking culture is a
long and torturous one. But one has
to start with a belief that it can be
done, for our university and for our
nation. And, there in lies true leadership.
By the way, this article is political as
well.
Geromic George
M.A. Economics IIIrd Sem.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
SPIRITUAL AND MOTIVATIONAL
Long Live Gandhi: The Apostle of Peace
This year we celebrated Mohandas
Karamchand Gandhi’s 140th birthday,
if after 1000years there is still life on
this planet we will still be remembering him on his 1140th birthday. Such is
the stature of Gandhiji and yet he
lived a simple life. After analysing his
“experiments with truth” it is crystal
clear that he was like anybody else
working in a field or a worker working
in factory.
Then, what had made him such a great
man? A simple old man wearing khadi
and walking with the stick yet posing a
larger than life image. He was a man
who single handedly challenged racial
discrimination in South Africa, inspired
an entire nation to fight for its independence and did all with his policy of
days, that’s not what he would have
envisioned.
Today India has one of the fastest
growing economy but the question is
with what ,moral? The image of politicians and their corrupt method put
a question mark on mahatma’s policies and the recent examples was the
commonwealth games 2010.
non-violence which saved a lot of
blood shed that could have otherwise
occurred.
Every year we celebrate his birthday
with lots of fanfare, but to what ends.
Remembering him and his policies
once a year and then following our
own selfish methods for the rest 364
This year the youth, the future of this
nation, should make a pledge to not
just remember him as a legendary
figure, but to also study his policies
and adopt his morals in our day to
day life.
Narendra Jarwal
M.A. Economics– Ist Sem.
The Certainty of Success
You have to think of success, imagine success, dream of success & toil
for success. So that success becomes
yours. You have to have a definite
aim decisive, definite, time-bound
goal backed by a strong, sustained,
intense & burning desire to achieve
it, paying the price for it in terms of
your time effort, energy, resoluteness & single minded concentration.
problems, no matter how big or
difficult they appear, can be overcome or resolved. Where there is a
will, there is a way. You can accomplish & achieve anything. The utilisation of the capacity is hard work.
Success is hard work which takes
you to your chosen, cherished goal.
No matter the obstacles, No matter
the problems, resolve that you must
& will succeed. This certainty of success will automatically create the
opportunities for success.
Appearance & conduct count a great
deal. You must, always & ever look ,
talk, & act like a winner. If you are
surefooted, other will unhesitatingly
follow our foot-steps.
Nothing is impossible. All obstacles &
One has several goals, but the golden motto is to concentrate & work
on one at a given time. If you succeed in attaining one goal, you will
11
automatically be motivated to work
for the next one & so on, attaining
success in each. You will thus acquire
the “success-habit”. What is required is the fixing up of priorities &
good planning where the realisation
of one goal will give the way for
working & realisation of the next
goal. One doesn’t become a celebrity
or a master overnight. You have to
begin at the base of mountain before you can climb the highest peak.
“One thing at a time & that will be
done “is a proved rule for success.
Begin now & get going & keep doing.
Decide what you want & go after it
with all you have got. Your success is
sure & certain
Pankaj Swami
M.A. English— Ist Sem.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
BUSINESS AND ECONOMY
International Financial Reporting Standards (IFRS)
A big revolution is about to
come in the Indian corporate
sector as the International Financial Reporting Standards
(IFRS) are well on their way to
be implemented and will proceed according to schedule. At
least this is what Mr Salman
Khurshid; Minister of State for
Corporate Affairs wants us to
believe. Towards this MCA
(Ministry Of Corporate Affairs)
has notified 35 Indian IFRS
standards known as Indian AS.
Barring banks, insurance companies and small companies, all the
other companies will have to follow
the converged accounting standards with effect from April 1, 2011.
According to Mr. Khurshid, certain
issues remain and they have to be
sorted out as adjustments have to
be made. He said this while speaking on the side lines of the second
International Conference on Competition Law.
National Advisory Committee on
Accounting Standards (NACAS) has
almost finalised the drafting of the
Indian Accounting Standards converged with IFRS, according to an
official release. Under the Converged Accounting Standards, the
Schedule VI will have two partsPart-A, as per existing notified
accounting standards and Part-B,
based on converged accounting
standards. These have been finalised and recommended by NACAS.
The following table is a detailed comparative statement on Indian Gaap and IFRS:
IFRS (International Foreign Reporting Standards)
Indian GAAP (General Accepted Accounting
Principles)
First-time Adoption
IFRS 1 gives guidance on preparation of the first IFRS financial
statements. IFRS 1 grants four mandatory exceptions and limited voluntary exemptions from the full retrospective application.
No specific standard. Full retrospective application would be
required.
For Small and Medium Sized Entities (SMEs)
A separate IFRS for SMEs is under formulation. An Exposure
Draft of the proposed IFRS for SMEs has already been issued.
There is no separate standard for SMEs; however, exemptions /
relaxations from the specific requirement of Standards have
been provided. For providing exemptions / relaxations, the Companies (Accounting Standards) Rules classify all companies into
two categories; whereas, for this purpose, the ICAI has classified
all entities into three levels where Level 2 and Level 3 entities are
considered to be SMEs.
12
VOLUME
2,
ISSUE
5
BUSINESS AND ECONOMY
IFRS
Indian GAAP
Cash Flow Statement
Cash and cash equivalents
Cash comprises not only cash on hand but also demand deposits with banks or other financial institutions. An investment
normally qualifies as a cash equivalent only when it has a maturity of three months or less from its acquisition date. Bank
borrowings are normally part of financing activities Nonetheless, bank overdrafts that are repayable on demand and that
form an integral part of an entity’s cash management are included in cash equivalent.
Similar to IFRS except that there is no provision in AS 3 for classification of bank overdrafts.
Format and content of cash flow statement
The cash flow statement may be prepared using either the direct method (cash flows derived from aggregating cash receipts
and payments associated with operating activities) or the indirect method (cash flows derived from adjusting net income for
transactions of a non-cash nature such as depreciation). The
latter is more common in practice. The cash flow should be
classified into operating, investing and financing cash flow.
Similar to IFRS. However, in case of listed entities SEBI requires
preparation of cash flow statement using indirect method only.
Cash flows associated with extraordinary items
Separate disclosure is prohibited. The concept of extra-ordinary
items has been removed from IFRS.
The cash flows associated with extraordinary items should be
classified as arising from operating, investing or financing activities as appropriate and separately disclosed .
Disclosure of interest paid and received
Operating in case of financing entity. For other entities, interest
paid should be disclosed as operating or financing. Interest received is disclosed as either operating or investing cash flow.
Operating in case of financing entity. For other entities, interest
paid should be disclosed as financing cash flow and interest
received should be disclosed as investing cash flow.
Disclosure of dividend received
Operating in case of financing entity. Operating or investing in
case of other entities.
Operating in case of financing entity. Investing in case of other
entities.
13
VOLUME
2,
ISSUE
5
BUSINESS AND ECONOMY
IFRS
Indian GAAP
Accounting Policies, Changes in Accounting Estimates and Errors
Change in accounting policies
When an entity changes an accounting policy upon initial appli-
cation of a Standard or an Interpretation that does not
include specific transitional provisions applying to that
change, or changes an accounting policy voluntarily, it shall
apply the change retrospectively. Comparative information
is restated, and the amount of the adjustment relating to
prior periods is adjusted against the opening balance of
retained earnings of the earliest year presented.
Any change in an accounting policy which has a material effect
should be disclosed. The impact of, and the adjustments resulting from, such change, if material, should be
shown in the financial statements of the period in which such
change is made, to reflect the effect of such change. If a change
is made in the accounting policies which has no material effect
on the financial statements for the current period but which is
reasonably expected to have a material effect in later periods,
the fact of such change should be appropriately disclosed in the
period in which the change is adopted. There is no specific guidance on how changes in accounting policies are dealt with, except few specific items, like change in the method of depreciation or change arising out of a new standard.
Prior period items
An entity shall correct material prior period errors retrospectively Reported as a prior period adjustment in current year results.
in the first set of financial statements authorized for issue after
Comparatives are not restated.
their discovery by restating the comparative amounts for the
prior period (s) presented in which the error occurred; or if the
error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities and equity for the
earliest prior period presented.
Events after the Balance Sheet Date
Adjusting and non-adjusting events
Amounts recognized in the financial statements should be adjust- Similar to IFRS, except that under AS 4, non-adjusting events are
ed for events that provide additional evidence of conditions that required to be disclosed in the report of the approving authority,
existed at the balance sheet date and should not be adjusted for for example, the board report.
events that provide evidence of conditions that did not exist at
the balance sheet date. Under IAS 10, material non-adjusting
events are required to be disclosed in the financial statements.
Pallav Bhat & Ravindra Singh
(Department of Statistics)
14
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
BUSINESS AND ECONOMY
10 Signs of a U.S. Double Dip Recession
Here, we go again. Another recession
is on the cards. The world’s largest
economy, the U.S. economy is skidding into fresh recession in 2011. It's
the much talked about double dip
recession. It means that when a recession comes in the economy then a
recovery followed by a recession
again. There are several signs which
show that a recession is firmly in place
in the U.S. again. They are the following:
1.UnemploymentSome of the Americans claim that the
recession has never ended. This was
said in context of the looming unemployment problem present in the
economy. The present unemployment
rate is 9.2%. In 2010, nearly 5 million
Americans have remained unemployed for a year. Another problem
that has resulted because of unemployment is that the government
needs to spend billions of dollars to
support the unemployed. This further
puts a constraint on the already cash
strapped government.
2.Debt ceilingIt’s the maximum amount that government can borrow to fund its day to
day functioning. The current debt
ceiling is at $14.294 trillion. But the
U.S. is faced with a situation where it
does not have money to repay its
debtors nor to run its day to day expenses of the government. This
means it has to borrow to keep the
ship running.
However, since it has already used up
the limit, it’s in a dilemma. Borrowing
more means more debt, and not borrowing means a default on the payment. The reason why this situation
has occurred is because the U.S. has
earned more than what it has spent.
3. Large fiscal deficitU.S. government is presently reeling
under $45.6 million trade deficit.
Thus, by that, it has become one of
the world largest debtor countries in
the world.
4. China economy slows downThe U.S. exports to China are a key to
the health of many American businesses. As the rate slows, it has profound effect on tens and thousands of
American companies and their employees.
5. Investments have begun to yield to
yield lessMarkets have stumbled. The 10 year
treasury yields give a mere 3% interest. Gold was a good investment over
the last year, but it has begun to falter
as well. Thus, markets may not be a
good friend to investors for a long
time.
6. Auto industryCar sales have slowed down. There
are a lot of job cuts in the industry.
GM’s and Ford’s revenue collections
have dropped by 1% compared to the
May of 2010.
7. HousingIt’s considered to be single largest
drag on the American economy. High
mortgage payments charged by
15
banks, the inability of people to pay
EMI because of job cuts, rising
NPA’s .All these factors together have
thus, adversely affected the construction and housing industry.
8. Downgrade of U.S. ratingThe international credit agency”
Standard and Poor” has recently lowered the rating of U.S. by 1 notch from
AAA to AA+. It means the credibility of
U.S. in terms of a good investment
place have declined in the world market.
9. Anti-austerity protestsIn order to reduce its deficit U.S., the
government has adopted various
kinds of strict measures that are in
lieu of IMF guidelines. These are
known as fiscal austerity measures.
They include increase in taxes, job
cuts by government, reduction in
spending on developmental programmes etc. Old age people are particularly the worst affected because of
the reduction in health and Medicare
facilities. Thus, adoption of such
measures had lead to average decline
in the standard of living of people.
10 Lack of access to easy creditBanks have been reluctant to pay to
individuals and small businessmen,
the main driver of economic growth.
They have been less willing to loan
money to companies with less than
100 workers because these firms
often rely on a few customers for
revenue and usually have very little
money on hand. Thus, these factors
have further lead to slow down of
economic growth.
Kanika Jain
M.A. Economics—III
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
oDr ugha
gj [kq”kh gS yksxks ds nkeu esa ] ij
bd galh ds fy, oDr ugha !
iSlska dh nkSM esa ,sls nkSMs ] fd Fkdus
dk Hkh oDr ugha !
ijk;s ,glklks dh D;k dæ djsa ] tc
vius liuska ds fy, gh oDr ugha !
fnu jkr nksSMrh nqfu;k esa ] ftanxh ds
fy, gh oDr ugha!
Hkz’Vkpkj dh nqfu;k esa ] balkfu;r dk
gh oDr ugha !
Ekka dh yksjh dk ,glkl rks gS ] ij eka
dks eka dgus dk oDr ugha A
rw gh crk ,s ! fatanxh] bl ftanxh dk
D;k gksxk ]
Lkkjs uke fny eas gSa ] ij nksLrh ds fy,
gh oDr ugha !
fd gj iYk ejus okyks dks ,d iy
thus dk Hkh oDr ugha !
xSjks dh D;k ckr djsa ] tc viuks ds
fy, gh oDr ugha !
dey dqekj
,e- ch- , ¼iwokZ)Z ½
vka[kksa esa gS uhn cMh ]+ij lksus dk gh
oDr ugha !
fny gS xeksa ls Hkjk gqvk ] ij jksus dk
Hkh oDr ugha !
vglkl vkSj ftanxh
fdrus eksM+] fdrus jkLrs fy;s gksrh gS]
fdlh ds fy;s ,d etcwjh gksrh gS]
;s ftUnxh -----------
;s ftUnxh ---------D;k ekSt eLrh ;k xe] ;s nks igyw
bl fy;s ftUnxh gh vglkl
vkSj vglkl gh gSa ftUnxh ---------bls mxrs lwjt dh fdj.k
ns] nks
fy;s gq, gh gksrh gSa ;s ftUnxh ---------fQj Hkh bl ftUnxh us cny nh
gS
eLr gokvksa dh fQt+k ns] nks
eLrh ds gj vglkl esa bUnz/kuq"k
dh
dbZ jaxksa esa ftUnxh -----------dHkh uk pkgs rks Hkh cgqr dqN ns nsrh gSa]
rjg jax ns] nks
;s ftUnxh -----------
;gha gksxh] ,d vglkl Hkjh ftUnxhA
;k cgqr dqN pkgus ij “h
vYgM+ ] eLrh ] fcUnkl ] twuwu
lc Nhu ysrh gS] ;s ftUnxhA
thus dk tTtck nsa ftUnxh ]
D;k dksbZ uke Hkh vius fy;s cksyrh gSa]
;gha gS ftUnxh ] ;gha gS ftUnxh
--------
;s ftUnxh -----------dsoy xqykc dh ia[kqfM;k¡ u gksdj
dk¡Vksa dh dBksjrk Hkh fy;s gq, gkrh gSa]
;s ftUnxh ---------Uk tkus D;w¡ fdlh dh [kq”kh vkSj
uk tkus D;w¡ fdlh ds fy;s iwjh vkSj
fdlh ds fy;s dksjh gksrh gSa ;s ftUnxh
dsoy gekjs vglklksa ij fVdh gS ;s
ftUnxh
16
uhye lsu
,e- ,- fgUnh
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
gekjk otwn
efUty gS jkLrk gS] ge lQj gksrh gSa
csfV;k¡
thou ds gj dfBu Mxj ij lkFk gksrh gSa
csfV;k¡A
vcyk dh lksp&lksp dj fi?kyrh gSa
cQZ&lh fpUrkvksa vkSj fprkvksa Hkjs lQj esa ]
gelQj gS csfV;k¡A
bUgsa fny esa txg nks ] I;kj nks ]
dkSu dgrk gS] ek¡&cki ds cq<+kis dk lgkjk
ugha gksrh gS
lEeku nks ] ojnku gSa ] nqvkvksa dk vlj
gSa ] csfV;k¡A
ek¡&cki dh vly gennZ gksrh gSa ] csfV;k¡A
v#.kk “kekZ
thrs th fny ds gky dks yc is u yk
ldh ]
,e- ,- **fgUnh iqok)Z **
tnZ vkalqvksa ls rj gSa ] csfV;k¡A
?kj ds gj ,d 'k[l dh budks [kcj gS ]
exj [kqn vius vki ls cs[kcj gS ] csfV;k¡A
/kjrh ij dne j[kus ls iwoZ gh ]
/kjk ds vkapy esa lek nh tkrh gSa ] csfV;k¡A
ijk;k /ku u dgks ] budks exj
nks ?kjksa dk fpjkx gksrh gS ] csfV;k¡A
lc ns[krs gSa ] exj dksbZ ;s lksprk ugha ]
D;ksa bruk dqN lg jgh gS ] csfV;k¡A
HkkbZ;ksa ds I;kj dk j{kklw= gS] ;sek¡&cki ds
gkSalyksa dh mM+ku gSa ] csfV;k¡A
अच्छे फच्चे
Xkt+y
nnZ fd dkSu nok nsrk gSA
कुछ फच्चे फहुत अच्छे होते हैं
वे गें द औय गब्ु फाये नह ॊ भाॊगते
tks Hkh nsrk gS ltk nsrk gS]
मभठाई नह ॊ भाॊगते ज़िद नह ॊ कयते
dksbZ rdnhj ls f”kdok dSlk
औय भचरते तो हैं ह नह ॊ
xe ;k [kq”kh nksuksa [kqnk nsrk gSA
फड़ों का कहना भानते हैं
dksbZz bYtke ugh xSjks ij
वे छोट़ों का बी कहना भानते हैं
viuk viuksa dks nxk nsrk gS]
इतने अच्छे होते हैं
vius xeksa dks fny esa nck ns **ft;k**
इतने अच्छे फच्च़ों की तराश भें यहते
[kq”k jgs rw lnk fny Hkh ;gh nqvk
हैं हभ
nsrk gSA
औय मभरते ह
उन्हें रे आते हैं घय
ft;kn gqlSu **ft;k**
izcU/ku foHkkx *izFke o’kZ*
अक्सय
तीस रुऩमे भह ने औय खाने ऩय।
xtsUnzflg “ks[kkor
dEI;qVj lkabl
17
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
dyk vkSj v/kwjkiu
nqfu;k dh izR;sd lqUnj dyk ] v/kwjsiu ds
xfy;kjs ls gksdj fudyh gSA fn[kus vkSj lquus
esa *v/kqjkiu* ,d vojks/k izrhr gksrk gS( ijUrq
dyk ds fo”ks"k lUnHkZ esa v/kqjkiu fdlh dk;Z
dh izxfr dh O;k[;k u gksdj O;fDr ds Hkko&
{ks= esa vk;k fodkj gSA ;gha fodkj varLFk
jpukRed {kerkvksa dks u;k vk;ke nsdj
yfyr dykvksa dks tUe nsrk gSaA ewfrZ]LFkkiR; ]
fp= ] ukV~; ] laXkhr vkSj dkO; bR;kfn
loZizeq[k dykvksa dks * yfyr dyk * uke
fn;k x;k gSa]D;ksafd ;s v/kwjsiu esa tUesa vuqie
ek/kq;Z ¼ykfyR;½ ds dkj.k vfLrRooku gSaA bl
izdkj ds v/kwjsiu dh ifj.krh lqUnj gS] l”kDr
gS vkSj lcls t#jh fd og thou ds fy,
vko”;d gSA
iw.kZrk iznku djrk gSa ;k og thou ds fy,
bruk vko”;d D;ksa gS \
loZizeq[k rF; ;g gS fd *v/kqjsiu*
dk vglkl rCk gksrk gS tc ?kVuk ;k
ifjfLFkfr;ksa dk lekiu gks pqdk gksrk gSA
bl lekiu ds lkFk gh vuqHko&izkfIr
dk ;ksx “ks’k jgrk gS rFkk bl izdkj ds
vuqHko iw.kZ ifjikd fy, gksrs gSaA ;g
*v/kqjkiu* xgu fopkj laosnuk rFkk
jpukRed dk uohu lalkj fy, izdV gksrk
gSA
*v/kqjsiu* dh vuqHkwfr furkUr
oS;fDrd gSA ,d dk v/kqjkiu] nwljs ds eu
esa ogha rFkk mlh Lrj ds Loj iSnk djsa] ;g
vko”;d ughaA *v/kqjsiu* dh vuks[kh
felky rktegy dks ns[kdj
*v/kqjkiu* D;k gS \-------ân; ds Hkko {ks= dk egRre mn~xkj gS] ;g
isze fdlh Hkh izdkj dk vkSj fdlh ds Hkh
gekjs eu esa Lo] lkSUn;Z cks/k ds gksrs gSa u
fd 'kkgtgk¡ ds gn; esa iljh fjDrrk ds]
gekjk efLr"d fdlh dfo dh jpuk ds Lo
dk lkgp;Z rHkh izkIr dj ldrk gS] tc
ge *v/kqjsiu* ls
izfr gks ldrk gS vkSj izse ds {ks= esa v/kwjkiu]
*v/kqjsiu* dhs mi;qDr O;k[;k gks ldrh gSA
bl *v/kqjsiu* dh l`tukRed {kerk,sa] izseh
gn; ds LiUnu dh rhozrk ij lekuqikrh :i
ls djrh gSaA
tqM+ tk;sa( ;g tqM+ko gekjh psruk dks
dykdkj dh jpuk&izfdz;k ls tksM+rk gSaA
vkf[kj ,slk D;k dkj.k gS fd
Ikz”u mBrk gS fd Lo;a iw.kZ u gksrs
gq, Hkh *v/kqjkiu* 'kCn] fdl izdkj dyk dks
v/kwjkiu] ,d Js"B dykd`fr dk
loZegRoiw.kZ vk/kkj gS \ *v/kqjsiu* esa ,d
vuks[kk vkd"kZd gS &iw.kZrk izkIr djus dk
vkd"kZd( blesa Hkko&lkSan;Z Hkh gS vkSj
mlls mitk dyk&lkSan;Z HkhA ;g iw.kZrk
rd ig¡pus dh yyd gS] ijUrq okLrfod
iw.kZrk izkI; ugha gS] ;g vius esa jgus dh
dqaBk gS] ;g y{; dks izkIr djus dh
ckS[kykgV gSA ckS[kykgV vius HkkokRed
*v/kqjsiu* dks xgjs laosnu ds lkFk izdV
djus dks mdlkrh gS( ân; dh Hkkoqdrk
dks Lof.Zke vadu ds lkFk iw.kZ djus dks
izsfjr djrh gSA
la{ksi esa fu"d"kZ ;gha gS fd
*v/kqjkiu*] O;fDr dks vUreqZ[kh cukrk gSA
bl izdkj dk O;fDr vius vkH;Urj esa gh
ml *v/kqjsiu* dks nwj djus pkg j[krk gS
( ijUrq ;g iw.kZrk ml fo"k; oLrq }kjk
laiUu ugha gksrh] ftlds dkj.k og
*v/kqjkiu* izdV gqvk gSA vfirq ;g iw.kZrk
dqN l`tukRed miknkuksa ds }kjk LFkkfir
dh tkrh gS vkSj ;gh pj.k gesa ,d Js"B
dykd`fr ds :i esa n`f"Vxkspj gksrs gSaA
lkSsE; ijEkkj
*euu*
,e- ,- iwokZ)Z ¼fgUnh½
The Way of life
़िेन गुरु जॊगर की ऩथय र ढरान
ऩय अऩने एक मशष्म के साथ कह ॊ
जा यहे थे. मशष्म का ऩैय फपसर
गमा औय वह रुढ़कने रगा. वह
उसने तुम्हें सहाया ददमा औय तुभ फच
एक कदभ बी आगे नह ॊ जा सकते…
‘हाॉ”, मशष्म ने कहा.
“जी, ऐसा कई फाय हुआ है ”, मशष्म
फोरा.
गए.”
ढरान के फकनाये से खाई भें गगय ह
गुरु ने फाॊस के एक वऺ
ृ को ऩकडकय
एक छोटा वऺ
ृ आ गमा औय उसने
की बाॊतत फनो”. फपय उन्ह़ोंने फाॊस को
ऩूय तयह से भड
ु गमा रेफकन न तो
जगह रौट गमा.
जाता रेफकन उसके हाथ भें फाॊस का
उसे अऩनी ओय खीॊचा औय कहा, “फाॊस
उसे भजफूती से ऩकड मरमा. फाॊस
छोड ददमा औय वह रचककय अऩनी
जभीन से उखडा औय न ह
“फरशार
टूटा.
मशष्म ने उसे भजफूती से थाभ यखा
था औय ढरान ऩय से गुरु ने बी
भदद का हाथ फढामा. वह सकुशर
ऩुन् भागग ऩय आ गमा.
हवाएॊ फाॊस़ों के झुयभुट को
ऩछाडती हैं रेफकन मह आगे-ऩीछे डोरता
हुआ भजफूती से धयती भें जभा यहता है
औय सम
ू ग की ओय फढ़ता है . वह इसका
रक्ष्म है , वह इसकी गतत है . इसभें ह
उसकी भुजक्त है . तम्
ु हें बी जीवन भें कई
तभ
ु ने फाॊस को ऩकड मरमा था. वह
टूटे . ऐसे कई अवसय आमे ह़ोंगे जफ
सभम
फाय रगा होगा फक तुभ अफ टूटे , तफ
फाॊस ऩूया भुड गमा रेफकन फपय बी
तम्
ु हें मह रगने रगा होगा फक अफ तभ
ु
“तुभने
दे खा,
गगयते
“ऐसा तुम्हें फपय कबी रगे तो इस फाॊस
की बाॊतत ऩूया झुक जाना, रेफकन टूटना
नह ॊ. मह हय तनाव को झेर जाता है ,
फजकक मह उसे स्वमॊ भें अवशोषषत कय
आगे फढ़ते सभम गरु
ु ने मशष्म से
ऩूछा,
अफ जीना व्मथग है ”.
18
रेता है औय उसकी शजक्त का सॊचाय
कयके ऩुन् अऩनी भर
ू अवस्था ऩय रौट
जाता है .”
“जीवन को बी इतना ह रचीरा होना
चादहए.”
va”kqeku xqukor
Ik;kZoj.k foKku **izFke o’kZ **
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
षवदाई के ऺण : रयश्त़ों का जड
ु ाव
‘ ऩद्मवकरॊ ‍’‍fnudjks
मभठास तो होती ह है ऩय वहाॉ बी सफ कुछ
fod
fpdjksfr
क्रर्वऱॊs
fodkl;fr dSjopdzokyeA
ukH;fFkZrks जऱधरो‍tya nnkfr lUr%
Lo;a ijfgrs fufgrkfHk;ksxk%A
The sun causes the lotus to bloom .
The moon on it own would make the
lily to bloom.
अऩने षवचाय़ों के भत
ु ाबफक ह चाहते है,
रेफकन ऐसा नह होना चादहए क्म़ोंफक जड
ु ाव
एक मभरन है, अद्भत
ु मभरन,शामद एक
ऩडाव है जहाॉ अरषवदा कहना ह होता है|
भाना फक मे
शब्द साये व्मथग है
इसमरए फक शब्दातीत कुछ अथग है औय भें
शब्द़ों की सॊऻा दे कय उस ऩर की
भहत्ता
The cloud too, without being asked ,
gives water and great souls are always
taking the initiative to do good to others.
को सीमभत नह कयना चाहती हूॉ | ठक्कय
सय का आशीवागद हभ ऩय सदै व यहा है औय
कबी कबी हभ अऩने भन की उस याह ऩय
आऩके साजन्नध्म भें अऩने महाॉ के प्रवास भें
अग्रसय होते है - जहाॉ न कोई षवचाय, न
कोई सॊदेश फस एक ठहयाव की जस्थतत |
जो कुछ बी कयते है, भन के द्वाया कयते है
औय जो कुछ बी ऩाते है वह बी भन के
द्वाया ह ऩाते है रेफकन कबी ऐसा कुछ बी
अनब
ु व कयने को होता है जहाॉ अॊतस की
हभेशा यहे गा | मह हृदम से हृदम का
जड
ु ाव है औय भैंने इस आत्भीमता को
ऐसी जस्थतत है, जहाॉ हभ फहुत कुछ सीख
सकते है | हभें उनके व्मजक्तत्व की उन
षवमशष्ट फात़ों को दे खना होगा जजससे हभ
बी फेहतय कय ऩामे जैसा सऩना
उन्ह़ोंने दे खा है औय साकाय कय ऩामे
| मह ऩण
ू ग भन का उत्सव है जो हभें
उऩरजब्धम़ों का भागग प्रशस्त कये गा
We are proud to be guided by your
thought and great time spent with us.
For us , you will always be there ,
always lead and we will always follow.
आऩके आशीर्वाद‍कव‍सॊ्ऱ‍है
अनब
ु व फकमा है | इसमरए एक रॊफे
की‍्हुत‍दरू ‍तक‍सवथ‍ ऱने‍को‍जी‍
वहतव‍है‍|
रेफकन जहाॉ आशीवागद फक शजक्त व अनग्र
ु ह
ऩर‍र्क़्त ‍कुछ‍इस‍तरह‍्वॉध ‍दे तव‍है
्स ‍यवदें ‍ही‍रह‍जवती‍है‍जीने‍को‍॥
साजन्नध्म के फाद कुछ उदास सा रगा |
का बाव है वहाॉ गहय घतनष्ठता है |
जड
ु ने का अथग है हभ हभेशा
नए रुऩ से शुरुआत कयते है | मह एक
‍
Kirti Sharma
M.Sc. CS—IIIrd Sem.
To Sir With Love
“The creation of an educational institution is often an act of faith, and the
expression of that faith is a tremendous philosophy that guides the actions of those who fashion such institutions.”
be passing out and shall physically
move away from the university, yet
like you we too would like to leave a
positive impression of dedication, grit,
character, affection and constructive
contribution towards the nation.
-Dr. Vikram Sarabhai
(Founder of IIM-Ahmedabad)
Can affection and inspiration be
subjected to physical boundaries? If
no, then how can we bid adieu to
one of the founders of CURAJ. Professor N.V Thakkar had an affectionate yet erudite communication link
between the students on one hand
and the administration cum academic affairs of the university on the
other.
Though physically and formally he
might have moved away from the
affairs of CURAJ yet the affectionate
support and dedication that he had
extended to all of us is an integral
part of the positive attributes visible
in the sincere effort for culture building.
No doubt you are our inspiration and
motivator.
Divya Deep Singh Meena
M.B.A.—IIIrd Sem.
Respected sir very soon we too shall
19
Introduction about our
new OSD (Academics)
Recently Prof. K.C. Sharma Ex.
Vice-Chancellor
Maharishi
Dayanand Saraswati University, Ajmer joined our almamater as Officer on Special
Duty (OSD) Academics in place
of our beloved Prof. N.V.
Thakkar. Prof. Sharma is a
renowned
environmental
biologist. He is a great researcher who has guided more
than 25 students for their
research work, has authored
four books and also has many
national and international
publications to his credit. He
organized first national conference with international participation on Environment and
Eco-development of Pushkar
valley of Rajasthan at Ajmer.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
CAUTION! READ THIS AT YOUR OWN RISK!
Don’t read this article! You must NOT
read this article. This article is not for
everybody, it is only for those who can
digest something very important.
While important it is, it is highly
‘controversial’ as well and would infuriate many people. Let us just say that
this article would ‘shake’ up many
people.
Do you have a closed mind? If you
have then don’t read this article. To
read this, the right kind of mindset is
needed. Only a person with a mind
that is truly open and completely
ready to learn should read this article.
A person with a closed mind would
end up only banging his head in frustration and ‘madness’ after reading
this article. I am using the word
‘madness’ because it will truly make
you ‘mad’, such is the nature of this
article. So you might not as well read
this article any further!
You must be smart enough to understand what this article says. It is difficult to comprehend this article. The
purpose of this article does not jump
out from the pages calling for attention. Therefore, it is not easy to comprehend this article. Furthermore,
what the article would say will shock
many people. It is shockingly so simple that many would feel why they
didn’t think of it earlier. Even the
smartest amongst us would remain
bewildered. So read further only at
your own risk.
A warning is being issued beforehand.
The contents of this article which
when revealed would not be liked by
many people. Courage is required and
only if you are ready to be offended
should you read further. So, mentally
prepare yourself for what the article
would say.
My suggestion for of all of you is that
please do not read any further, it is
too risky as this article has already
caused many problems and it would
create many more problems.
This is the article.
P.S. – For those who didn’t understand, yes, this entire wall of text is
the article and it says two things.
Firstly, it is very easy to make people
do something when you tell them not
to do it. I am sure 90% of people who
read the title must have read the
entire article despite repeated warnings! Secondly, before writing this
article I was wondering whether it is
possible to write an article which says
something while saying nothing and it
is possible thanks to you all readers
for making sense out of nonsense!
Geromic George
M.A. Economics - IIIrd Sem.
New Element in The Periodic Table
Element: WOMEN
Symbol: WO+
Atomic mass: Accepted as 45.6 Kg;
Isotopes: May vary from 40-200 kg.
Occurrence: Copious quantities in all
whole world.
and absorbs great quantities of expensive substances.
2. May explode spontaneously without prior warning and for no known
reason.
PHYSICAL PROPERTIES:
1. Boils at room temperature
2. Freezes without any known reason.
3. Melts if given special treatment.
4. Bitter, if incorrectly used.
5. Sweet as Honey if given a proper
treatment.
3. Most powerful money reducing
agent known to man.
COMMON USES:
1. Highly ornamental, good samples
can increase your social value.
2. Can be great aid to administration.
TESTS:
1. Pure specimen turns rosy pink
when happy.
2. Turns green when placed behind a
better specimen
Compiled By:
Sudhanshu Maurya
M.Sc Computer Science - I
CHEMICAL PROPERTIES:
1. Have great affinity for gold, silver
and a range of precious stones
20
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
How to... ?
Whether you consider it as a concise
article about my summer internship or
as a sequel article to the questions
that were highlighted in the book
review ‘Drucker & Tagore’, the entirety shall reveal itself as parts of the
grand labyrinth on education vis-à-vis
current states of affairs in knowledge
economy.
In 1962, Fred Smith entered Yale University. While attending Yale, he wrote
a paper for an
economics class
outlining
overnight
delivery
service in a computer information
age.
Folklore
suggests that he received a ‘C’ for this
paper. The paper became the idea of
FedEx (for years, the sample package
displayed in the company's print advertisements and featured a return
address at Yale).
Moral of the story: When such blunder of neglect/ underestimation can
occur at the prestigious Yale University, claiming to be the alma mater of
many leaders and top shots, it can
happen anywhere in the world.
As part of an education system I believe that each student is a Fred Smith
with billion dollar ideas and purpose
with him/ her. How can we harness
the optimum positive output out of
him/ her in the Knowledge Economy?
At least if the education system can
not comprehend the “A” in the student it should not butcher the thinking propensity of the student in order
to cover its own limitations and inefficiency in bringing out the best from
its customer.
The zillion dollar question is “How to
evolve a healthy environment for
synergistic learning?”
My internship was focused in a similar
direction viz. ‘Entrepreneurial Explora-
tion of Educational Avenues in
Knowledge Economy’ and accordingly,
I contemplated deeper in that context.
I scanned through the innovational
thinking and contributions of a few
well known educationists viz. J. Krishnamurti, Dr Sarvepalli Radhakrishnan,
Rabindranath Tagore, Vinobha Bhave,
Ivan Illich, John Holt and Thomas Babington Macaulay. Contemporary
efforts of Howard Gardner, Daniel
Pink, Toffler and applications of artificial intelligence were also my area of
concern for contemplation and discussion.
Now let me share a fact which few in
our university know of. During the 2nd
semester my frequent informal and
open discussions with Miss Kirti Sharma and Mr. Dinesh, both of M.Sc.
Computer Sciences, kindled my inquisitiveness about ‘Neural Networks‘. I
am thankful that they sincerely supported me at various points of time
and though I did not formally enrolled
for opting it as an additional paper (@
audit course as with the department
of English) yet it yielded unseen returns in reframing my thinking and in
kindling pertinent questions in my
mind.
It also helped me in authoring a paper
with the title “Refining Education by
Demonopolising Education Factories:
Challenges and Opportunities”. It was
a focused attempt to study the impact
of Information and Communication
Technology (ICT) on education sector.
Let others get trapped by the fashionable buzzwords and catchy phrases of
the trend, CURAJ must develop a
culture efficient enough to bring out
the best from its customer. Given the
latent potential of each one of us, I
am optimistic about it.
Sincere efforts pertaining to the title
question “How to..?” shall be reflected in each one of ours daily contributions and shall remain as a permanent
characteristic in our future.
Finally, as a student of entrepreneurship I have interacted with a number
of budding Fred Smiths in their latent
stages who are always eager to learn.
Raghubir Singh
M.B.A-IIIrd Sem.
papy eu
esjs dneksa dk fu”kka vkt Hkh ml ixMaMh ij
gksxk
tks eu ls fudyrh Fkh vkSj eu dh rjg
pyrh tkrh Fkh A
uk Fkk dksbZ cU/ku ] uk Fkh dksbZ etcwjh
eu dh rjg cgrk Fkk] dneksa dk fu”kka A
dHkh [ksrksa dh D;kfj;ksa ls Vdjkrk Fkk
rks dHkh eSnkuksa esa uhys vklekuksa ds rys
cgrk FkkA
dc le; fcrk ]dc fj”rs cnys
dgk xqe gks x, eu ls fudyus okys jkLrs
dqN irk uk pyk ]A
rUgkbZ bl dnj xj dj xbZ eu dks
dh ekuksa nhid ty jgh gksa fcuk thou ds
dqN fnuksa ls ,d vkl txh gS]A
With small two member workgroups/
teams/ associations we can optimally
harness the best out of the resources
available to us. Our new campus
offers us an opportunity to learn with
modishness and forbearance. While
the concrete structure is being constructed lets construct our mutual
bonds to evolve a ‘Learning Culture’.
21
,d u;k losjk ]ekuks tSls lks ds mBk gksa
eu fQj vc papy lk gksus yxk gSaA
jkLrs cukus dks vkrqj gSaA
jkLrs cukus dks vkrqj gSa----------------
Lqkftrdq.kky
,e ch ,
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
Let’s Play Gentlemen – Gentlemen
Suited and booted, marching and
striding; men and women move alongside all the corridors of the campus.
Their ways and behavior all seems to
be just perfect.
I mean it is so eye catching!!
Wait! Wait a minute, look after a period of time. Now what is this? Oh! Mu
god it’s so funny, it seems as if new
emerging minds are playing games
like ‘I am me’ and ‘you are you’. Or in
other words they are playing gentlemen-gentlemen.
Ha-ha…so funny and so amazing, what
these guys are doing, having breakfast
with unwashed faces and dinners with
uncleaned hands and the lunch oh!
that’s all right that is with full vibrancy
and color all around! Just simply perfect gentlemen behavior!
When I asked one of my friend how
he keeps himself so groomed, he said
“you need not do anything”. When I
asked what? He again said, “YOU
NEED NOT DO ANYYY…THING”. What
does it mean? Does it mean to do all
the things, or does it really mean to
do nothing at all and stay with your
resources.
My that friend was a man of difference, and his single argument created
several differences into my mind.
Before, I could divert myself; he had
already ignited my inquisitiveness. I
was searching for questions like –
How important it is to TRY or to try to
behave like gentlemen. Will it really
create difference even by trying? Or
would it prove to be just foolish?
After a few experiments, what I could
find was that yes, ‘YES’ it would create
a difference!
As by asking people to behave people
in a particular way, we are actually
forcing them to think unilaterally. And
when we make people think, we make
people work. And this way we are
really creating differences. Thus we
can say-
‘An imitation to Gentlemen behavior
makes society civilized’! “Yes, it does
really work.”
The other way round we are not asking people to be ‘factory products!’
but rather ‘Genuinity’ is a more prerequisite need. Men, who laugh when
needed, pacify when needed, alter
when needed and fight when needed:
are simply the perfect gentlemen.
Again we are not saying that they
have their fix time table. Yes, they are
free of boundations but are been
likened by all!
Certainly that friend of mine had
changed my thinking pattern for a
while. That’s why I am more keenly
interested in playing that game. And
so when I meet my pals, I call them
“Gentleman/Gentlemiss, Let’s play:
Gentleman-Gentlemen!!
Ritesh Dudi
M.B.A.—III
The Energy Bridge
Italian designers Francesco Colarossi,
Giovanna Saracino and Luisa Saracino came up with a stunning design
of a structure called Solar Wind. What
is even more impressive is that
this design can
become a reality.
The
structure
represents
a
bridge with large
wind
turbines mounted under it, between the
pillars. The bridge will traverse a valley with large open space and the
wind turbines will operate at high
altitude where the speed of wind is
higher, thus more green energy will
be collected.
In addition, the "Solar Wind" will be
able to harness solar energy, since its
entire road will be covered with a
dense network of solar cells. The
latter will be coated with a seethrough and highly resistant type of
22
plastic.
Because the bridge will handle high
traffic, designers also offered a Solar
Park on the bridge
where people can enjoy the panorama,
informs New Italian
Blood.
It was said that the
bridge will be able to
generate 40 million
kWh per year.
Divyaroop Harshwal
M.B.A. Ist Sem.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
AAKASH Tablet
Tablet--PC
5
The Launch of Aakash Tablet
India’s Minister for Human Resource
Development, Kapil Sibal launched
‘Aakash’, a low cost access cum computing device ( $35), midst much fanfare on October 5, 2011 at Vigyan
Bhawan, Delhi. The launch was hailed
as a grand moment for India’s innovative prowess and claims to have silenced the skeptics. Aakash is developed by DataWind, a wireless Web
access products maker in Montreal in
partnership with IIT Rajasthan with
the job of procuring and testing these
devices based on the design and specifications.
The device was also distributed
among 500 children on the occasion.
Making technology cheaply available
is a great way to bridge the digital
divide and illiteracy .He also called for
support and partnership from all so that
the device could cost further less.
The National Mission on Education
through Information and Communication
Technology (NME-ICT) was launched by
the Union Ministry of Human Resource
Development, in February 2009 with a
budget of Rs. 4612 cr. The Government will also be providing price subsidy to the students. The device will
be distributed to students through the
institutions at which they are studying. Future efforts will move in two
directions to achieve the same functionality at a lower cost and to achieve
added capabilities at the same cost.
MHRD invites collaboration, ideas and
inventions from the community of
academics and experts and inventors
to achieve the cherished goals.
It is expected that 416 Universities
and 20,000 colleges all over India will
be connected under the NME-ICT.
Megha Maheswari
MSc. Statistics - IIIrd Sem.
Aakash – The Radical Innovation
The much awaited tablet PC by the
students of Curaj and country is
finally here in our hands that being
India’s ultra-low cost Aakash tablet.
When our friends got it, it created
ripples all around. The London based
Datawind launches Ubislate 7 in
India as Aakash.
Aakash comes loaded with unique
features as a tablet PC. As quoted by
Kapil Sibal, "The rich have access to
the digital world, the poor and ordinary have been excluded. Aakash
will end that digital divide." during
its official launch. There is definitely
no other touch pad tablet or computing device anywhere which nears
the price of Aakash tablet. This is
one of the world’s cheapest tabletPC which has finally been launched
in India. Aakash tablet is a new gen-
eration device which comes with attractive features. This tablet is made for the
requirement of the users and especially
for student needs.
You would feel amazed the same way as
I was, hearing about its brilliant features,
powerful Android 2.2 operating system
with a 7" touch screen, GPRS and Wi-Fi
connectivity, 2 GB internal and 32 GB
external expandable memory capacity,
supporting almost all document formats,
image viewer, web browser, mini SD
card slot, 256 MB of RAM, 3.5 mm audio
jack, book reader, etc. These features
prove that a very innovative and brilliant
work has been accomplished by them.
But low price means compromises at
various levels. Aakash also has the same
problems associated with it. The low
quality resistive touchpad which has a
23
very slow response and critical battery
life are the main issues because students would usually require power
sockets in their desks. A good alternative for it could have been a solar
charging option which is being used for
these types of tablets and modern
calculators. Besides there is no cooling
system due to which it heats up very
early.
But despite all its shortcomings, the ta
let is a breakthrough innovation in
Indian technical history. And since improvements are still being made by the
manufacturers, IIT Rajasthan, so hopes
are not stopped yet for a better tabletPC.
Ashish Sethi
M.B.A.- IIIrd Sem.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
STEVE JOBS
The Monk Who Sold Apples
“Design is a funny word. Some
people think design means how it
looks. But of course, if you dig
deeper, it's really how it works."
These are the words of great
apple trader of the millennium;
Steve Jobs, innovator, inventor,
design patron, the man who
changed the way designers and
non-designers think, do, share,
listen, create and behave is no
more after a seven-year battle
with
pancreatic
cancer.
Born on February 24, 1955 to
Joanne Carole Schieble and Abdulfattah Jandali, Steven Paul
Jobs was adopted by Paul and
Clara Jobs. From an early age,
Steve Jobs was interested in
electronics. As an eighth grader,
after discovering that a crucial
part was missing from a frequency counter he was assembling, he
telephoned William Hewlett, the
co-founder of Hewlett-Packard.
Hewlett spoke with the boy for
20 minutes, prepared a bag
of parts for him to pick up and
offered him a job as a summer
intern. Jobs met Stephan Wozniak, with whom he co-founded
Apple in 1976, he and Wozniak,
using their own money, began
Apple in the Jobs family garage in
Los Altos with an initial investment of $1,300. After enrolling at
Reed College, Jobs left after one
semester, but remained in Portland for another 18 months
auditing classes; he had decided
to leave college because it was
consuming all of his parent’s
savings.
From a college dropout to head-
ing an over $350 billion Apple empire,
Steve Jobs dramatically transformed
the worlds of personal computing,
music and mobile phones, ushering in
a new digital era. He was ousted in a
bitter boardroom battle in 1985, a
move that he later claimed was the
best thing that could have happened
to him. Jobs went on to buy Pixar, the
company behind some of the biggest
animated hits in cinema history including Toy Story, Cars and Finding
Nemo. He returned to Apple 11 years
later when it was being written off by
rivals. What followed was one of the
most remarkable
Jobs initially hid his illness but his
startling weight loss started to unnerve his investors. He took a sixmonth medical leave of absence in
2009, during which he received a liver
transplant, and another medical leave
of absence in mid-January before
stepping down as chief executive in
August.
Jobs leaves an estimated fortune of
$8.3bn, but he often dismissed others' interest in his wealth. "Being the
richest man in the cemetery doesn't
matter
to
me
…
Going to bed at night saying we've
done something wonderful … that's
what matters to me."
“Your time is limited, so don't waste
it living someone else's life. Don't
be trapped by dogma - which is living
with the results of other people's
thinking. Don't let the noise of others'
opinions drown out your own inner
voice. Most important, have the courage to follow your heart and intuition.
They somehow already know what
you truly want to become. Everything
else is secondary.”
comebacks in business history.
Though he himself never designed a
computer in his life, it was because of
him that the Apple products, while
largely providing the same services as
those from other companies, are perceived to be different. He once said.
"A lot of times, people don't know
what they want until you show it to
them." Jobs’ remarkable capacity to
spot what people wanted next came
without the aid of market research or
focus groups.
24
Nitisha Khandelwal
M.Sc. Statistics—III
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
STEVE JOBS
RiP Steve Jobs (1955-2011)
The news of death of the Apple
founder, after years spent
battling
Pancreatic
Cancer,
spread so swiftly that it breaks all
the records on virtual world till
date. 10,000 tweets per second
and
innumerable
Facebook
posts. Best eulogy I found from
these was” Three apples changed
the world. The first one seduced
Eve, the second fell on Newton
and the third was offered to the
world half-bitten by Steve jobs.”
So true and so in keeping with
the profile of a man who single
handedly changed the way the
world works, read and listens to
music.
Jobs always inspired others by a
saying “do what you love, love
what you do”. That reflects in his
machines too, working on an
Apple machine is never boring.
We have to thank Steve for helping us feel connected, have a
relationship with our machines.
Also he was so passionate for
what he do that other virtual
world leader used to say, nobody
nowadays is as passionate about
his work as Mr. Jobs. His quote
reflects this better way “being
richest man in the country
doesn’t matter to me . Going to
bed saying we have done something wonderful that what
matters to me.”
He, who dropped out of Reed
College just after 6th months,
knew that it is only possible to
create great products only if he
created a culture that nurtured
and respected great design. So,
we can see there are phones and
there is iPhone and now iPad, a
huge hit. When he first introduced the
iMac in 1998 he explains ‘i’ stand for
internet. He went on to say that it also
mean other things like individual,
instruct, inform, inspire. But I always
look at it as Innovation. As iMac
changed the way we use computers
Running short of space I am summing
it by his quote :
Stay hungry, stay foolish.


Keep looking don’t settle.

Don’t let the noise of
others’ opinions drown out
your own inner voice.

And most importantly have
courage to follow your
heart and intuition. They
somehow already know
what you truly want to
become.
You
have
to
trust
something –your gut,
destiny,
life,
Karma,
whatever.
iBow, iSalute . RiP Steve Jobs.
Deepanshu Mittal
A Tribute by CURAJ
As chronicled by various newspapers, magazines and social networkby plugging internet in it. iPod for me
most revolutionary device by Jobs. As
a matter of fact till date more than
300 million iPods have been sold out.
Many of us might know that he has his
spiritual roots in Himalaya, India.
From the first time I read ‘The Monk
Who Sold His Ferrari’ I always project
his picture for the character created
by Robin Sharma. This might be the
reason that he always reflects sound
values. Even after he discovered at the
age of 27 that he was placed for adoption doesn’t made difference to his
children rather he used to say “it’s our
heart who is running outside.”
25
ing sites, the effect of the death of
Steve Jobs really touched the whole
world as well as the students of
CURAJ. We found a unique way to
pay tribute to the master. We organized a film screening on the life of
Steve Jobs – Pirates of Silicon Valley.
Before that we lit diyas and candles
around a apple bitten in the shape
of Apple’s logo .
And after the screening, a sweet
speech was delivered by our friend
Kanika, highlighting the achievement and life of Steve Jobs, making
the entire event a memorable and
an entertaining one.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
A Tribute to Jagjeet Singh
The day 23rd September of 2011,
had witnessed the greatest loss to
Indian music industry in the form of
death of one of the greatest and
rare ghazal singer. Born on 8 feb,
1941, Jagjeet Singh died on Sept 23
in Mumbai’s Leelavati Hospital
fighting brain hemorrhage. The soft
and silken toned international face
of Indian ghazals went mute. He
was a rare blend of a singer, composer, activist and entrepreneur.
He was famously known for his
ghazals and worked hard to develop his own style; his forte was his
indigenous handling of ghazals and
geet. He had ruled over hearts of
his fans for 3 decades and will continue doing so through is immortal
and everlasting ghazals and gets.
His ability to produce huge variations in his voice is amazing. He is
rightly called the ‘emperor of
ghazals’. ‘
He had sung in Punjabi, Hindi, Urdu, Bengali, Gujarati, Sindhi and
Nepali languages. He was awarded
India's third highest civilian honour,
the Padma Bhushan, in 2003 for his
contribution to the fields of music
and culture. Jagjeet was initially
named Jagmohan Singh. He went
to meet his sister at Sahwa in Churu district where a saint of the
Namdhari sect, on hearing him sing
hymns, suggested to his brother-inlaw Ratan Singh that he be renamed as Jagjeet Singh as he had
the ability to win over the world
with his golden voice.*citation needed+
His association with music goes
back to his childhood. He learnt
music under Pandit Shaganlal Sharma, for two years in Ganganagar,
and later devoted six years to
learning Khayal, Thumri and Dhrupad forms of Indian Classical Music
from Ustad Jamaal Khan of the
Sainia Gharana school , a distant
relative of Mehndi Hasan. He arrived in Mumbai in 1961 in search
of better opportunities for being a
musician and singer. His early
struggle in the music industry,
though not too harsh by his own
account, still had its share of trials
and tribulations. He lived as a paying guest and his earlier assign-
ments were singing advertisement
jingles. Singh was first offered to
sing in a Gujarati film, Dharati Na
Chhoru produced by Suresh Amin.
I want to dedicate the song,
“chittihi na koi sandesh, jaane wo
konsa desh jahaan tum chale
gaye”… to him.
Ruchita Jain
M.Sc. Tech (Mathematics) Ist Sem.
Life is Something
Life is something
To get anything
In the way of aim
Just like a game
Something will be lost
One may loose or one may gain
To get all thing at time
Sudhir Kumar
M.Tech Computer Science—I
It fails at most
Stability of life is
Just like aim
Hence choose the time
If there is no labor
One success providing lane
One may get shame
Do labor and keep patience
26
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
BOOK REVIEW
The Little Prince & The World is Flat
sand roses in the same garden and
they do not find what they are looking
for ..'
‘’They do not find it,' I replied.
'And yet, what they are looking for
could be found in a single rose or in a
little water.” “Yes, indeed,” I replied.
And the little prince added: “But the
eyes are blind. One must look with the
heart.”
Publishing Year: 1943
Author: Antoine de SaintExupery
Category: Fiction
Now, here's a charming story
about a little prince who falls to
earth from the Asteroid B-612.
What kind of a little prince is he?
He's a lonely little prince. He's in
need of a friend, and so he sets
off on a journey across the planets to see who he can find.
On his journey, he meets
many people but is disappointed by many of them.
There's the absolute monarch,
the conceited individual, the
drunkard, and the businessman.
They are all too wrapped up in
their own affairs to consider
being the little prince's friend.
When he lands on earth, he
meets a special person, Antoine
de Saint-Exupery who has crashlanded. They seem to understand each other right away.
They don't spend much time
together. But before they part
ways they learn to share a lot of
simple joys together, like the
pleasure of looking at a single
flower, or taking a drink of water
when you are really thirsty. Another excerpt from the book:
'The men where you live,' said
the little prince, 'grow five thou-
There are many ways to read this
book. You can take it as a straightforward story about a charming little
prince who wants a friend or you can
think more deeply about the way the
little prince chooses to live his
life. This book truly deserves a place
on the bookshelf. While reading this
book, one learns many lessons and it
makes you analyse the truly important
things in life.
_______________________________
Publishing Year: 2005
Author: Thomas L. Friedman
Category: Non Fiction
‘The World is Flat’ is a historical and
geographical journey, with stories and
anecdotes from the days of Columbus
to a modern day Indian call centre;
from the Great Depression to the
home office of a Midwestern-USA
housewife demonstrating the pervasiveness of the world-flattening trend.
27
Spanning a broad range of industries,
cultures and schools of thought, the
real-world examples presented as
evidence of his theory are undeniable.
From teleconferencing to podcasts
and manufacturing to restaurant
order taking, ‘The World is Flat’
leaves no stone unturned in a quest
for answers to a problem that most
cannot even define. Friedman’s dissection of globalization is a valiant
attempt at explaining and understanding the forces driving the
flattening of the world, though he
admits that the very nature of beast
prevents one from having all of the
answers. This candour is the theme of
the entire book, that we must learn
how to learn, teaching ourselves to
stay curious and innovative, if we are
to excel in a global economy.
Friedman warns of the forces that
could seriously harm or slow the
flattening of the world, particularly
the threat posed by terrorist networks such as Al-Qaeda. His perspective is refreshing in a media driven
largely by scare tactics and fear mongering as he encourages a realistic
and objective approach to this threat.
As people become more able to collaborate, compete and share with
others of different cultures, religions,
educational backgrounds and languages, The World is Flat is a necessary reality check to bring these factors into perspective and offer, if not
answers to every problem, the drive
to uncover working solutions.
One must read this book as it has a
mind boggling effect on the reader.
Khushbu Sharma
M.A. Economics –I
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
FILM REVIEW
The Pursuit of Happyness
Critic’s
Rating:
Very Good
Starring: Will Smith, Jaden Smith,
Brian Howe, Scott Klace, Thandie
Newton
Directed by: Gabrielle Muccino
Produced by: Todd Black, Jason
Blumenthal, James Lassiter, Will
Smith, Steve Tisch, Teddy Zee
has custody of his son, but finds that
naysayers and homelessness to be-
providing for the two of them is a chal-
come a rags-to-riches phenomenon.
lenge in the increasingly unstable economic climate. He struggles to work his
Will Smith has done the best acting of
way from unpaid intern at Dean Witter
his career so far. He also made it more
to something more substantial, even as
believable acting with his own real
life continues to offer him setbacks.
son. And as for little Jaden Christopher
Starring alongside his adorable 8~years
Syre Smith, this was his very first
old son,jaden,he turns in a raw, heart-
acting career and does a fabulous job
breaking performance as a man who
considering he is only about 5 years
strug-
Written by: Steve Conrad
As for the movie title’s oddly-spelled
“happyness,” the word is painted that
way on the outside of a day care centre “The Pursuit of Happyness". The
rousing, true-life story of a single dad
who went from living on the streets to
owning his own brokerage firm is
brought to the big screen by superstar
Will Smith. Set in early-'80s San Fran-
gives
The Pursuit of Happyness is based on
his
real events, the story faithfully follows
child
reality. I would recommend this movie
the
for all people to see, even guys. Every
quality
so called tough guy would most likely
life
cry when they see this movie. It is a
that
really good movie! Everyone must
es-
watch it......!!!!
caped
cisco, the film charts the hard times
and eventual comeback of Chris Gardner, a suddenly single salesman who
old and is in a dramatic movie.
gles to
him-
Nikita Puri
sur-
M.A. Economics – I
mounting a lack of education, stubborn
MUSIC REVIEW
Metallica
The Gods of Heavy Metal have come
to India!! Hurray!!!!!!!
I still clearly remember the moment,
around 6 months ago, when I first
read about Metallica coming to India.
I called my friends and started our
plan to ‘get high’ on metal. Unfortunately, I wasn’t able be able to make it
to the concert (anyway the concert in
Gurgaon was cancelled). But I am still
happy that they came to India because it’s gonna open the gates for
many more such concerts and may be
even on a bigger level.
About the band - it all started in 1981,
Los Angeles, California when James
Hetfield (lead vocals, rhythm guitar)
and Lars Ulrich (drummer) met. They
then met Kirk Hammett in 1983, their
stable lead guitarist. He replaced Dave
Mustaine, who left the band to form the
other metal Band Megadeth.
Most of the posters we see of Mettalica
consists of Jams Hetfield, Lars Ulrich, Kirk
Hammett and Robert Trujillo (a bassist
who joined in2003). But the bassist who
was with the band in there golden era
was Jason Newsted (till 2001). I feel so
humble to talk about the success of the
band. But as a matter of fact, they have
won nine Grammy awards. They have
made a studio album, 3 time albums,
and 45 singles. They also have a record
of making five consecutive album debuts
28
at the number one rank on Billboard.
I am leaving you with some of my favourite tracks of Metallica with one advicehit them so hard, make the neighbours
rock with you!








Master of Puppets (Master of Puppets 1986)
Fuel (Reload 98)
Battery (Master of Puppets 1986)
Nothing else matters (Single)
St. Anger (2003 Title)
Creping death (Ride the lightening)
Attitude (Reload 98)
The Unforgiven II (Title 98)
Deepanshu Mittal
MSc. Statics IIIrd Sem.
STUDENTS’ CANVAS
VOLUME
2,
ISSUE
5
SPORTS
Is Formula One An ‘Elitist’ Sport?
There is a Formula One Grand Prix
being held in nearly every one of the
emerging and ‘happening’ economies
or regions of the world like Brazil,
China, South Korea, Bahrain in the oil
rich Middle East etc. have a Grand Prix
of their own; and it was only a matter
of time that we had one in India. A PIL
was raised on why the Mayawati-led
government in UP had given tax exemptions to the Indian Grand Prix
being held in Buddh International
Circuit in Greater Noida. The argument was that Formula One is an
‘elitist’ sport and it does not deserve
any kind of tax exemption. While the
court has cleared the decks for the
Indian Grand Prix, the question does
arise – is Formula One really an ‘elitist’
sport? And if it is, then is that any
cause for concern?
There are various parameters which
can be used to judge whether the
sport is ‘elitist’ or not. Money is one
such parameter. The sport is fuelled
by big bucks and there is no doubt of
that. The cost for any constructor to
develop its car and operate it throughout the year has been steadily increasing over the years. Efforts to cap team
budgets and to provide a level playing
field between the bigger teams like
Ferrari and the smaller teams have not
been completely effective. It takes
hundreds of millions of dollars per
annum for a team to develop and race
its car. Smaller teams with fewer
brand endorsements charge their
drivers money i.e. you have to pay to
race. But if one were to compare Formula One with other sports like football, basketball, baseball and even
cricket, one would find that there is
not much of a difference. The top
clubs of EPL and La Liga have budgets
exceeding Formula One teams; the
revenue earned and the brand value
across these sports at the top level are
all in the same league of ‘big bucks’.
Therefore, if football is not considered
as elitist despite all the big bucks in it
then one shouldn’t consider F1 as
elitist just on the same lines.
Modern day sports at the top level
have one more major component and
that is glamour. It is difficult to imagine how a sport which is all about cold
cutting edge racing machines be considered as glamorous. But the sport of
F1 has become a glamorous one
through years of careful image building. From the pit girls to the after race
parties to the race circuits in the playgrounds of the rich like Monaco, F1
has managed to add the sheen of
glamour to itself. It is a magnet for the
rich, the beautiful and the famous.
29
However, it is also widely watched
and followed by millions of fans
around the world. This again means
that F1 is just the same as other
sports like football with a very wide
fan following and the glamour quotient doesn’t make it elitist.
Trying to play the sport is what that
makes it ‘elitist’. One can’t just hop
into a F1 car and start racing. One has
to start from the bottoms of motor
sport racing, like starting from go
karting and going all the way to Formula 3, and then making it to F1. This
entire journey upwards to the pinnacle of motor sport racing is an expensive one. While reaching to the top in
a sport like a football is also a long
and difficult process, it is no way as
expensive as motor sport racing.
Often being talented and hardworking is not enough, having connections in the right place and having
sponsorship is very crucial in getting
to the top. Moreover, your average
sports fan on the street can play football whenever and wherever he
wants; all that is required is a football, but you can’t do that in F1
(racing in Maruti 800s or on Bajaj
Pulsars on city roads is not the same
as racing around in a F1 car!). A lot
more racing tracks and sponsorship
interest from corporates is required
to ‘democratize’ F1. However, a beginning has been made with the coming of Indian GP. Let us raise a toast
to this!
Geromic George
M.A. Economics—III
CAMPUS BUZZ
VOLUME
2,
ISSUE
5
SO
WHATS SO NEW
ABOUT IT. HAVE BEEN
HEARING ABOUT THIS
Heyy...did you hear that
the 1 GBPS WI-Fi is coming
Hey chill yaar. Fresher’s is
finally happening na. At least
you are having a party. Last
year we didn’t had any.
Meanwhile
enjoy freshers.
WI fi will be
here soon.
30
Pièce de résistance
Front and Back Page Designers : Vivek Raj Bulia (Shunnya Studios) , Poorvi Medatwal, Shefali Kumawat and Nikita
Puri.
Acknowledgments for the work: The Times of India, Osho International and DSC– Jaipur Literature Festival.
© Copyrights Reserved.
31
- Astitva Editorial Board