IIF, 12th May, 2014 : Indian Institute of Finance, Delhi based in GNOIDA has decided to offer Post Graduate Diploma in Finance (widely known as MBA-Finance) in Hindi from July 2014 session. The decision is taken in its Academic Council meeting held on 10 May 2014 on its campus in Greater Noida. The academic council strongly felt that it is the dire need of the students to study in the language which is most frequently used in business, trade and industry, even in large business houses and multinationals most business establishments. Managers deal with banks, financial institutions, investors, businessmen, contractors and subcontractors, employees and labour and interact with them in the Hindi or local language. A quick survey has revealed that English is rarely used in most of the business dealings. Hindustani (Hindi) is the language in most of the business dealings in the large part of India particularly in northern, central and western India.
The academic council chaired by Dr. J.D.Agarwal a well-known educationist was attended by 21 leading educationists - Professor P.B. Sharma, Vice-Chancellor, Delhi Technological University, Mr. T.N.Pandey, Former Chairman, CBDT, Govt of India, Professor Vinaysheel Gautam, former Professor and Head, Department of Management Studies, IIT Delhi and former Director, IIM Kozhikode, Padamshri Ms. Shovana Narayan, Guru & Kathak Musestro of India Dr.Vijay Laxmi Pandit, Principal Rajdhani College, University of Delhi, Dr. M.S.Rathore, former Principal Delhi College of Arts and Commerce, Dr. M.M.Goyal, Principal, PGDAV College, Delhi University, Professor Y.P. Singh, former, Head & Dean, Faculty of Commerce, University of Delhi, Professor R.P. Tulsian, Associate Professor, Bhagat Singh College, Delhi University, and member Academic Council, Delhi University, Dr. Preeti Singh, Associate Professor, Jesus & Mary College, Delhi University, Dr. Prabhat Kumar, practicing advocate and former commissioner Customs and Excise, Govt of India, Ms Promila Gupta, former Director, Ministry of Defence, Dr. Manju Agarwal, Associate Professor and former officiating and acting Principal, Moti Lal Nehru College, Delhi University, Professor A.S.Chillar, former Professor, Maharishi Dayanand University, Rohtak, Professor Aman Agarwal, Professor Saurabh Agarwal, Professor Yamini Agarwal, Professor Pushpender Singh, and other faculty and student members of the Institute.
The academic council discussed several other academic issues including expansion, diversification, and course restructuring.
IIF founded in 1987 is well known for its academic and research activities It has been offering MBF program through regular and distance learning mode for the last 26 years.
According to Dr. Agarwal, the course structure and contents would be tuned to the need of the domestic needs of the trade, business and industry in India and not blindly copied. The managers and entrepreneurs working in India need to be educated and trained to manage people and resources in the Indian way in the most commonly used language. Dr Agarwal feels that the MBA in Hindi would give a definite advantage to students and people from Hindi belt. Dr. Agarwal clarified that medium of instruction would be Hindustani and not pure Hindi. Hindustani would be a mix of words from Hindi, Sanskrit, English, Punjabi, Urdu, Bengali, Gujarati etc. The course structure would also include a course on Business communications in English so that the students passing out are able to communicate in English language. A language lab and financial lab would also be set up to give students an opportunity to learn another Indian or foreign language and deal in stock exchange.
MBA/PGDBA has had its beginning with assistance from Harvard in early sixties. At that time there was a need for training managers to fill the void in industry. The mentors and the institutions stared to train managers, could not think beyond what is being done in mentor institutions like Harvard in United States. The structure, contents, teaching methodology, evaluation techniques are adopted from the mentor institutions with some or no relevance in Indian business conditions. Dr. Agarwal retreated that even the courses offered in most of more than 3500 institutions and university departments in India are blind coping of the course structure, contents, teaching methodology etc offered by some of the lead Indian Institutions –which are repeat of course structure and contents of some American Universities. Blind coping and adopting methods and systems suffer from some weaknesses and lack originality and creativity, feels Dr. Agarwal.
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