The Com-Press

2020 VOL. 1 THE COM-PRESS THE COMMERCE NEWSLETTER OF SRI VENKATESWARA COLLEGE TABLE OF CONTENTS Editor's Note THE UNEMPLOYED Dear Reader, CROREPATI We welcome you to the first edition of The Com-Press. While the winters, the virus and the semester hasn't been easy on STARTUPS VS JOBS: A anyone, we hope to warm you up with some thought- COMPARISON provoking pieces of work! This newsletter has been started keeping in mind the kind of HOW THE IN- content that would interest most of us and while we promise SPOTLIGHT CORONA these are 2-5 minute reads, we assure you that they would VIRUS IS AFFECTING hold your attention for much longer. SUPER POWER This edition covers the most relevant comparison for ECONOMIES OF THE commerce students, that is, starting your own business vs WORLD taking up a job, a guide to making money out of thin air and everything you should know about Coronavirus and it's TRENDY TERMS economic impact. This product is made with love, we hope you enjoy it. Happy THE COM-PRESS reading! Until next time! Hrishita Goyal Editorial Head (Comsoc)

2020 DEPARTMENT INTRODUCTION Knock knock. Who’s there? Commerce Department. Commerce Department, who? Commerce Department: the most lit department there is! Apologies for the corny joke. However, the fact remains that our department is one of the greatest in Venky and widely recognised across the DU circuit. Apart from being huge, it is immensely dynamic, with a concrete body of research and its faculty members specialising in multiple areas of their disciplines. The department boasts of a culture that uplifts the college motto, \"Truth through education\" and ensures a holistic development of its members. But first things first, who is behind all of this? Well, It’s the combined efforts of our amazing faculty members, bright student community and a combined association of both, called the Commerce Association or Comsoc. Comsoc is an association of 550+ vibrant students, that never fails to leave its mark. The society has always been symbolic of the virtues that hold true for every member of our department. The department stands strong and still because of its pillars of support, the faculty members: Dr. Venkata Kumar, Ms. Sunita Chhabra, Dr. Mamta Arora, Dr. Shruti Mathur, Dr. Pooja Jain, Dr. Sindhumani Bag, Dr. Vinod Kumar, Dr. Neha Singhal, Ms. Shilpa, Dr. Arpita Kaul, Mr. Ajit Singh, Ms. Priyanka, Mr. Aashish Jain, Ms. Simranjeet Kaur, Ms. Mohini Yadav, and Ms. Shivani Kalra; and the student core team. The student core team whose core of life has become Comsoc, includes the President, Shrey Chhokra; Vice Presidents, Shivaanchal Dua and Yatin Kochar; General Secretary, Ria Malhotra; Joint Secretary, Ramit Mohindroo; Head Coordinator, Tushar Chawla; Editorial Head, Hrishita Goyal; Marketing Head, Nishika Sharma; Sponsorship Head, Keshav Agarwal; Technical Head, Mohammad Azhan Shafiq; and Creative Head, Riya Hiranandani. While you might have heard the phrase ‘jack of all trades, master of none’. We, here, have bent this phrase a little, interchanging the words ‘master’ and ‘jack’. Our student community is a group of intellectuals, artists, athletes, investors, inventors, and most importantly, thinkers. This is because we have been given an environment and a safe space that allows us to nurture our minds and cultivate ourselves. This newsletter is a further step in the direction of making this space more open, interactive, and integrative. We are excited to launch this platform as a way to connect, educate and entertain our commerce community, and we look forward to all forms of feedback and interaction from our readers! THE COM-PRESS

2020 Our Commerce Fam! THE COM-PRESS

2020 You can’t get out of the financial crisis, because you have no money. And you can’t THE see a therapist, because, you guessed it, you UNEMPLOYED have no money. Who will save you then? CROREPATI If you had started investing Rs.2,000 per by Kshitish Sood - B.Com (H) VI-A month out of your pocket money (or asking your parents for it) when you were 18 in an Shifting attention from the virus that has index fund scheme (which can give around ruined my favourite brand of beverage, let’s 10% returns), your investment would be talk about something we all care about. Money, Rs.1,54,00,000, while your principal invested and how to make it. Make a lot of it, and make is only Rs.5,28,000 (jadoo!). it without working for it. The longer you stay invested, the higher will One of my favourite anecdotes, when we talk be the return. In the same example, if you had returns from the stock market, is about the withdrawn your funds a year earlier, your growth in the Wipro stock. It goes like this, if investment would be worth Rs. 15,00,000 less. you had invested Rs.10,000 in Wipro in 1980, There is a lot of money to be made in the stock your investment would be worth market. If you don’t know how, investing in an Rs.7,41,00,00,000 in 2019. That’s a 741,000 index fund is the second-best option. times return, pre-tax. It’s hard to swallow I know you are smart and you already know (that’s what she said), isn’t it? this, but “Mutual Fund investments are subject to market risks, read all scheme related So, what am I saying? That we need to find a documents carefully”. stock like Wipro? By pure luck? (because not everyone can do what Buffett does). And hope? Note: I am by no means an expert in Hope that it keeps growing and getting better investments, I just know a bit more than the for the rest of our lives? Of course not. It’s not average person, and sometimes that’s all you marriage. My way is a little less insane. really need. Picture this – you quit your job and the company you started right after is doing so well that it almost feels like you’re minting money. A few years later, things start going downhill. You, however, still believe in a turnaround. So, you keep putting more money into the sinking ship. You’re 60 now, in a financial and emotional crisis. THE COM-PRESS

2020 PHOTO BY MARTIN R. SMITH 2. Work Life balance: A 9 to 7 job gives you enough time to spend with your friends, family START-UPS VS JOBS and yourself. You will even have time for vacations and have designated leaves but a by Karnika Pagaria - B.Com (H) II-A start-up demands full attention. There might be times when you won't get a break at all and will One of the many dilemmas that a commerce have to work nonstop for a uncertain future. student can face at the graduation stage is The real question is, Can you compromise? whether to get a job through the placement process or initiate a start-up. Well, here we 3. Skills: A regular job means a specific role in are with a small comparison between the two a specific department where the required skills to bring some clarity to your confusions. can still be counted but a startup means that Brace yourselves and don't get demotivated you will have to handle all aspects of the (haha). business. You will have to wear a number of hats and might need to learn things on the fly 1. Risk factor: We all know that start-ups before stepping in those shoes. The task is involve a very high amount of risk and thus the difficult, but not impossible if you possess the stakes are also very high but the only right expertise and enough will. motivation is \"Higher the risk, higher will be A short comparison, yet an important one; the profit\". So, if you think that you have the where the conclusion depends on what suits you will to give it a chance and be your own boss, the best. It can never be generally stated that then just go for it. While on the other hand, a either of them is better than the other. So, it's placement might provide you with a secure job time that you think about what fits you the best, but won't always guarantee you the progress before you regret your decision! that you want. \"Learning to make right THE COM-PRESS choices is the only way they will survive in an increasingly frightening world.\" -Louis Lowry

2020 How the In-Spotlight Corona Virus is affecting Super Power Economies of the world! by Kaushik Patwari - B.Com (H) IV-A Global shares take a hit. Big shifts in stock markets, where shares in companies are bought and sold, can affect the value of pensions or individual savings accounts (ISAs). The FTSE, Dow Jones Industrial Average and the Nikkei have all seen huge falls since the outbreak began on 31 December. The Dow and the FTSE saw their biggest quarterly drops in the first three months of the year since 1987. Central banks in many countries, including the United Kingdom, slashed interest rates, in response to investor's fears regarding declining economic growth. Global markets did also recover some ground in late March after the US Senate passed a $2 trillion (£1.7tn) coronavirus aid bill to help workers and businesses. In the United States, the number of people filing for unemployment hit a high record, signalling an end to a decade of expansion for one of the world's largest economies. Close to one million people in the United Kingdom also applied for benefits in just two weeks at the end of March. Demand for oil has all but dried up as lockdowns across the world have kept people inside. The crude oil price had already been affected by a row between OPEC, the group of oil producers, and Russia. Coronavirus has driven the price down further. Brent crude is the benchmark used by Europe and the rest of the world. Its price dipped below $20, to the lowest level seen in 18 years. In the United States, the price of a barrel of West Texas Intermediate (WTI) turned negative for the first time in history. The International Monetary Fund (IMF) says that the global economy will shrink by 3% this year. The IMF described the decline as the worst since the Great Depression of the 1930s. This is followed by a high risk of global recession. Shares in technology companies such as Zoom have shot up as more people rely on video conference calls and email to hold meetings or get tasks done. Amazon's share price has hit new highs, while streaming platform Netflix was at one point a more valuable company than oil giant ExxonMobil. THE COM-PRESS

2020 In China, where the coronavirus first appeared, industrial production, sales and investment all fell in the first three months of the year, compared with the same period in 2019. China makes up a third of manufacturing globally, and is the world's largest exporter of goods. Restrictions have affected the supply chains of large companies such as industrial equipment maker JCB and carmaker Nissan. Shops and car dealerships have all reported a fall in demand. Chinese car sales, for example, dropped by 48% in March. More carmakers, like Tesla or Geely, are now selling cars online as customers stay away from showrooms. Although it said that the coronavirus has plunged the world into a \"crisis like no other\", economies around the world do expect global growth to rise to 5.8% next year if the pandemic fades in the second half of 2020, according to estimates made by IMF. THE COM-PRESS

2020 TERMS THAT ARE HERE TO TRENDY by Hrishita Goyal - B.Com (H) VI-A and Karnika Pagaria - B.Com (H) II-B STAY How often do you hear business terms (commerce squad where you at?) and ignore them because you’re unaware of the meaning? And these terms keep coming back to haunt you because well, these are trendy terms that everyone wants to use to sound smart. We have combined a small list of these terms that would come in handy if you want to enhance your commerce vocabulary (often known as business buzzwords) or if you just want the haunting to stop! 1. Deep Dive - Some may call it brainstorming, but many professionals say they're going in for a deep dive when they need to come up with ideas. 2. Bleeding Edge - This is one I've been hearing more and more lately. When being \"cutting edge\" isn't quite enough, we get this term for being ahead of trends. 3. Ideation - the process of creating new ideas. Once restricted to marketing, it has moved into the wider business world. 4. Wheelhouse - A wheelhouse shelters the person steering a boat but in business, it refers to a person's specialty area. 5. Bandwidth - Another tech term that has made its way into the corporate environment. In day-to-day context, it is often used to ask if someone has time available to talk or work on a project. 6. Low-Hanging Fruit - It often refers to sales deals that are easier to close than others. 7. Dead cat bounce - A dead cat bounce is a small, brief recovery in the price of a declining stock. Derived from the idea that \"even a dead cat will bounce if it falls from a great height”. THE COM-PRESS

2020 8. Black Swan Event - A phrase commonly used in the world of finance, it is an extremely negative event or occurrence that is impossibly difficult to predict. Coronavirus has been termed as a black swan event. 9. Rubber Band Effect - After a large sell-off in the market, there is a tendency for the market to bounce back right away. It is caused by computerized trading programs. 10. Stagflation - A state of the economy when Unemployment is high and Inflation is high. Quite often, stagflation is caused by massive deficit spending by the Federal Government. 11. Unicorn - A privately held company that had quickly reached one billion dollars in revenue, and is now considering going public. Such companies appear to be \"mythical\" like a unicorn due to their swift growth. 12. Hunting elephants - It is used to describe a strategy of going after very large customers to sell a good or service, as well as targeting large companies for acquisition. 13. OTTS - Acronym for “over-the-top service”, describing the highest quality of customer service. 14. Wantrepreneur - Someone who lacks the resources to realise the potential of a business they have started or want to start. 15. Growth hacker - A marketer or entrepreneur who understands social technologies and other techniques for efficiently and quickly attracting new users. 16. Return on relationship (ROR) - Similar to ROI (return on investment), but referring to the loyalty and recommendations that can arise from nurturing relationships. 17. Bizmeth - short for “business method”. 18. Deck - the components of a visual presentation, as in a “deck of cards”. 19. Freemium - a strategy where the basic version of a product is offered free of charge, in the hope that customers will pay for an upgraded version. 20. Deserves the analog - likely to fail due to not being able to adapt to new circumstances. THE COM-PRESS

2020 Here's a snapshot of our entire student team for the term 2019-20.We all hope that you enjoyed our little initiative. Let us know at: [email protected] Love, Comsoc THE COM-PRESS

Comsoc Team 2019-2020 Teacher-in-Charge: Dr. Shruti Mathur Convener : Ms. Shilpa Committee members: Dr. Sindhumani Bag, Dr. Neha Singhal and Ms. Simranjeet Kaur Student Core Team President: Shrey Chhokra Vice Presidents: Shivaanchal Dua and Yatin Kochar General Secretary: Ria Malhotra Joint Secretary: Ramit Mohindroo Head Coordinator: Tushar Chawla Editorial Head: Hrishita Goyal Marketing Head: Nishika Sharma Sponsorship Head: Keshav Agarwal Technical Head: Mohammad Azhan Shafiq Creative Head: Riya Hiranandani