IIM Admissions

In order to comply with the Right to Information Act (one of the very few pieces of good legislation by the current UPA government), IIMB has disclosed the “formula” used in this year’s admission process. For someone who went through the process three years back, it makes extremely interesting reading. Once again, I’m not in the mood for “writing”, so I’ll use bullet points.

  • For a start, i never imagined that the formula would be so “complex”. If you look at the extent of mathematical computation involved, perhaps the only formula that that is more complicated than this would be Duckworth-Lewis!
  • It is interesting to see how much your “history” matters. I didn’t imagine my 10th and 12th board marks would matter for so long. Thank goodness my 69 in 12 Board English didn’t have too much of an adverse impact!
  • On a related note, it might explain why you don’t find that many gults, or people from factory towns such as Kota for that matter, at IIM. The fact that many of them totally ignore their 12th boards in favor of the JEE may perhaps be coming back to haunt them a few years down the line. This is just a conjecture, and there is a good chance i’m wrong on this count.
  • Contrary to what a lot of people think, the place where you do your undergrad doesn’t seem to have any impact on your prospects of getting in. It doesn’t matter whether you do your undergrad from Indian Institute of Technology or (the now derecognized) Islamia Institute of Technology!
  • On one hand, this gives a good opportunity to those who had missed out in their JEE or similar exams to “get back”. Also, one thing you will notice is that historically the percentage of IITians at IIMB is significantly lower than that at IIMA or IIMC. Maybe, now that fits in!
  • The group discussion in itself has as little as a 7.5% weightage, which is heartening. In my opinion, group discussion is one of the worst selection tools. The equal weight given to the GD summary also offers a ray of hope to people who are not aggressive, or those who get stuck in a GD panel full of aggressive people.
  • It is now clear that the “most preferred” work experience is about three years. So if you have tried four times for CAT and not gotten through, you might do well to look for alternate alternatives.
  • Again contrary to popular perception, there doesn’t seem to be much weight for extra curricular activities, and leadership. Unless of course, they have an impact on your performance in the interviews. And they will probably improve your chances of a shortlist in placements if you do make it to IIM
  • Then, it is interesting that the weight given to CAT in the final analysis is about 20%. In our batch (IIMB 2004-06), it seemed like the weightage for CAT was higher. Practically half my batch had a percentile in excess of 99.8. And we could see in our junior batch that this number had come down.
  • The table with cutoffs for each category makes for interesting viewing. That the cutoffs for SC/ST/disabled is much lower than that for the general category comes as no surprise. It would be interesting, however, to know the difference in final cutoffs for people who get in “normally” through SC/ST and those who get in to the prep course. I have reasons to believe it is going to be significant.
  • Much has been made out of the fact that the OBC cutoff is not too different from that for general. For example, Rashmi Bansal of JAM says , “It’s heartening to know the OBC cut offs were pegged very close to General cut offs“. However, I believe it’s more to do with demand and supply. Had the reservations been implemented this academic year, the proposed quota for OBCs was 7%, and this low “supply of seats” pushed up the cutoffs. If 27% is to be reserved for OBCs, I’m sure the cutoffs would be much lower, not too much more than that for SC/STs.

Do read the document, it makes for some interesting reading. And if you find anything else interesting, do let me and the other readers of this blog know.

Why?

I wait and wait for the weekend, and when it arrives, what do I do? First thing I do when I reach home on Friday night is to check my work email! And I do it again as soon as I wake up on Saturday, just in case one of the people in the head office in the US has sent some mail. Not that I bother to respond to any of it, and I have absolutely no plans of working over the weekend.

But I do it, check mail every friday night, and saturday morning. And some sundays also. Almost compulsively. And if there’s something in it which says I have a lot of work on Monday, I start getting worried.

Warrasht.??

Learn from the guy on your right

The Gabriel Heinze drama is reaching dramatic proportions, with Man U refusing to sell him to LIverpool (or any other EPL club for that matter) despite the latter meeting the asking price. And it seems like Heinze wants to move at any cost – it seems he has engaged LIverpool’s legal team to assist him.

I don’t know how it will work legally, but Heinze might do well to learn from the guy who plays immediately to his right in the national team – Roberto Ayala. Last month, Ayala moved from Valencia to Villareal, only to move on to Zaragoza within a matter of days, without playing a single game for Villareal.

It seems like LIverpool desperately want Heinze, and are willing to up their bid. In which case, can’t they find a “surrogate intermediate club” for Heinze? Maybe some impoverished spanish or italian club might take up the offer. They buy Heinze from Man U for GBP 6.8 million (the asking price) and then quickly sell him to Liverpool for say 9 million, thus making a cool 2 million odd GBP profit! The money thus gained would be extremely useful to them while Liverpool will also get what they want. And if done efficiently, Man U will also be willing to sell Heinze to this impoverished club since it’s not in England and they are meeting the ask price!

On a related note, Liverpool bought Craig Bellamy last season for GBP 6 million from Blackburn, and now they have sold him to WHU for GBP 7.5 million. Do they have to pay capital gains tax on Bellamy?

A gem

This interview with A B Bardhan, the General Secretary of the CPI published in yesterday’s Business Standard is nothing short a masterpiece. The entire interview is a work of art, and deserves to be framed. However, even in such a galaxy, some lines deserve a special mention.

When asked why the left has little influence in the cow belt, Bardhan says:

The reasons for our failure in the Hindi heartland are the continuing hold of feudalists, traditionalists and obscurantists in our society.

He even admits that states such as West Bengal and Kerala are “peripheral” (and i’m not sure he meant that in a geographical sense) and has more reasons to offer about the non-performance in the heartland.

In peripheral states like West Bengal and Kerala, we have had the advantage of great social movements but in the Hindi heartland, in spite of philosophers like Kabir being from there, things haven?t changed much.

What takes the cake, however, is Bardhan’s stand on FDI

The Left supports FDI as this way at least some part of the billions that were looted from India in colonial era can come back.

On reforms

We will not allow the issue of hunger and poverty to be relegated to the background while pursuing growth. Reforms will have to touch the last man in this country. Today?s reforms are only producing millionaires and billionaires, and even trillionaires.

You should read the full thing for maximum pleasure. Hats off to Aasha Khosla of the Business Standard for enabling this masterpiece!

Bad timing

Sometimes I feel like I want a break. That I want to take a few days off, even unpaid leave will do. And roam. I want to generally roam the forests of the western ghats. Go by bus. Start off at some famous place. Take a bus to some arbit place and get off. Walk for a while. Take pics. Talk to people. Make notes. Make sure I stay clear of naxalites. Move on.

Only problem is that it’s monsoon now? so I can’t immediately execute on this. And I can’t execute on this for pretty much the next three months. The last time I had got such ideas was last August, when I was on a break between jobs. Again, there was the monsoon issue. Add to that the uncertainty that was in my life then. And the fact that once i’d successfully interviewed with my current employer, I didn’t get much time.

Why does it always have to happen in the monsoon? Why don’t I get this kind of feeling in say winter, when it can be easily executed? Worresht.

The English Tail

Cricinfo says:

Both James Anderson and Chris Tremlett are in which means there won’t be a Lord’s debut for Stuart Broad. A little unlucky, after his 5 for 76 for England Lions against the Indians at Chelmsford. It is Tremlett’s Test debut though.

I think the reason Tremlett has been preferred to Broad (despite the latter’s recent string of strong performances is that… he bats right-handed! Yes, i know that both of them are right arm fast bowlers but Broad’s selection would have resulted in an all-left-handed English Tail.

The English think tank knows fully well that India’s weakness is in its failure to get out the tail, and hence some left-right combination there should definitely help! Bowling abilities don’t matter I guess.

Wheat Procurement And Derivatives Markets

So the government has done it again. After managing to procure only about 11 million tons out of the targeted 15 million tons from our farmers, the government has gone ahead and imported about half a million tons from the international market at a much higher price. A process which, in its entirety, ends up raising a large number of questions.

Continue reading “Wheat Procurement And Derivatives Markets”