Ibri college of Technology

Business Studies Department News Letter

 B-Kaleidoscope BSD Newsletter, Summer Issue, 2017

Its a great moment of pride for Business Studies Department that the editorial team
is back with a revamped edition of our newsletter Kaleidoscope. We, in Business
Studies Department, are on the move and would like to welcome some of the ini-
tiatives and activities that are happening within our department.
I am pleased to know that the new issue of business newsletter, B-Kaleidoscope,
has aptly portrayed events, activities and diverse talent of our students and faculty
members.
Our faculty members come from rich and elite backgrounds, and bring with them
HOD the expertise, knowledge and skills which help the students to be successfully en-
M essage gaged in education for employment and career advancement for global citizenship.
The current issue presents a wide range of topics of varied interest to both the staff
and the students.
I am confident that the upcoming issues will continue to provide updates on departmental activities and
events with which are associated. I extend my heartiest appreciation to all lecturers and students who have
taken keen interest and have positively contributed and enhanced the richness of the newsletter.
I wish you all the success and sincerely thank the editorial committee for their effort to bring it out and
also thank the ESS for their meticulous assistance with the design and layout.
Best Regards,

Mr. Mohammed Abed Ali

Head, Business Department

From The Editor's Desk

Dear Readers,
A thought manifested into reality is indeed an exciting feeling. This edition of B-Kaleido-
scope, the newsletter of business department is the manifestation of a long cherished thought
and had its roots in determination and persuasion. Communication is essential for institu-
tions development. We hope this attempt will reinforce and allow better awareness, improved
interaction and integration amongst us as a team. This newsletter is intended to appreciate and
acknowledge the tiny deeds that we all are doing and many times goes unnoticed. This issue sets
Mrs. Laly Antoney the beginning of our new publication schedule- two release in a year- Summer issue and a winter
issue. We have tried to produce this publication with more content in overall. This newsletter will
highlight number of academically relevant articles and also some insights and opinions on some of the issues faced by Oman
and also portray expressions of human feelings and desires. To achieve our vision and mission, we have just started our jour-
ney and miles and miles to go before we reach our destination. We would be glad to hear from you with your valuable input
and suggestion to improve further.
Let us know what you think.

Happy Reading

2 Learn from yesterday, live for today, hope for tomorrow. The important thing is not to
stop questioning. -- Albert Einstein

B-Kaleidoscope
Dr. M. Tamil Selvan
Is Oman Economy Resilient
towards Sustained Oil Price Drop?
Sultanate of Oman is one of the prominent
economies in the Gulf Cooperation Council
(GCC) possessing 40% of world oil reserves
with 3.19 million people constituting 23.30%
rural and 76.70% urban population. Oman, with
$80.57 billion and $81.79 billion gross domestic
production during 2013 and 2014 stood worlds
64th largest economy. It is estimated that the
countrys foreign currency reserve is around
$25 billion, has a debt to GDP ratio is well
maintained at 4% level. Such a robust economy
appears to be facing budget crisis due to sus-
tained low oil price which dropped around 40%
from the peak last year, since 31st July,2014.
The Oman economy is generating 83% revenue
from hydrocarbon sector. The nations budget
largely depends around 79% on oil and 21% on
non-oil revenues. The cascade effect of drop in
oil prices has an impact on the performance of
in different sectors. There are about 119 com-
panies listed in Muscat Security Market (MSM)
Shariah Index which are grouped under fi-
nancial sector (36-Compnies), service sector
(36-companies) and industrial sector (47-com-
panies). Nearly 78,318 people (30356 Omanis
and 47962 expatriates) are employed at various
levels in these three sectors. The performance
of all the three sectors began declining in 2014;
especially the service and industrial sectors
showed a negative growth. During 2011-2014,
the growth rate of total income, net profit, net
worth, dividend and market capitalization of
all the three sectors is 5.72%, 17.41%, 12.57%
and 11.16 (Total Income Financial Sector)
-13.02%,39.33%,19.54% and 1.35% (Net Prof-
it Financial Sector) 5.88%,22.23%,22.47%
and 7.98% (Net Worth Financial Sector)
6.57%,10.58%,14.65%,and 10.94% (Dividend
Financial Sector) -9.22%,3.76%,21.63% and
-1.12% (Market Capitalization Financial Sec-
tor) -2.08%,20.57%,8.94% and 4.62% ( Total
Income Industrial Sector) -26.33%, 34.09%,
10.45% and -5.20% ( Net Profit Industrial
It does not matter how slowly you go, so long as you do not stop.
STAFF CORNER
Sector) 5.46%, 7.59%, 10.37% and 4.95% ( Net
Worth Industrial Sector) -17.25%, 20.36%,
1.97% and 4.87% ( Dividend Industrial Sec-
tor) 18.95%, 31.21%, 34.08% and -16.26%
(Market Capitalization Industrial Sector)
5.10%, 4.07%, 10.24% and 3.61% (Total Income
Service Sector) -12.32%, 3.54%, 28.40% and
-1.87% ( Net Profit Service Sector) 5.30%,
3.06%, 28.90% and 4.91% ( Net Worth Ser-
vice Sector) 0.52%, 12.84%, 13.02% and 1.04%
( Dividend Service Sector) -4.38%, -1.89%,
20.52% and 10.61% (Market Capitalization
Service Sector).
It is observed that the nations economy is con-
fronting revenue deficit owing to oil price drop
and resilient to achieve the estimated growth
rate, increasing revenue from non-oil sector,
financing infrastructure through external bor-
rowings and issuing government bonds in capi-
tal market.
Mr. Imran Zakir
Essential skills to handle
Student complaints.
Behavior is one among the other categories
of complaint from students. In this regard,
the academic leaders offered few advices on
minimizing the number of complaints and
managing them. It can be a source of nasti-
ness if complaints are not addressed properly,
particularly when it goes up the chain of com-
mand to resolve. Here are the tips:
Follow protocols
Normally, the department heads are not likely
to handle grievances that fall into legally pro-
tected categories such as the Ethnic or Gen-
der discrimination or harassment. In these
cases, the department heads job is to refer the
complaint to the student affairs office / diver-
sity officer of the institution.
Discuss with the faculty mem-
ber
- Confucius
BSD Newsletter, Summer Issue, 2017
The best solution of handling complaints of-
ten comes through discussion between the
individuals directly involved, first ask the stu-
dents to talk to the concerned faculty member
if they havent before.
Occasionally a student gets too upset to dis-
cuss with the faculty member directly, and
the chair/department head needs to handle it.
Here,students can be asked to schedule an ap-
pointment with the department head.
Avoid using email
Emails are public records, so
discourage students from venting in
the email. Instead, they should be
encouraged to come and meet the department
head or concerned authority to discuss their is-
sue face to face, so that there isnt a record of a
complaint about a faculty member.
Likewise, discourage faculty members from
sending emails related to the problems theyre
having with students. In a critical situation, the
student or students lawyer might get an ac-
cess on email communication between faculty
member and department head which could be
embarrassing to the faculty member.
Be approachable
Faculty members, through their words and
character, should create an environment in
which students sense contented talking about
their concerns rather than approaching the
Department Head or Dean.
Be professional
Avoid talking about personal is-
sues and show up to class on time
if you dont want, your students
to show up late for class. Your appropriate in-
teraction with students matter a lot.
Express regret when necessary
Try to resolve problems as they
arise. Inflexibility or such like
acts doesnt help the students. An
act of contrition extends to mak-
ing your students feel better and reinstating
steadiness with the student.
Reference: Academic Leader, <http://www.magnapubs.com/
newsletter/academic-leader-2906-.html?st=FFweb&__hs
tc=11832235.6c9239f4edc26c7a6dcc5eff47e37
bc5.1486041618749.1486041618749.1486041618749.1&__
hssc=11832235.1.1486041618749&__hsfp=4048804265> 30.5
(2014): 8. Magna Publications
3
 B-Kaleidoscope
Mr. Sai Kishore V.
Approach towards Quality
Many of us are so obsessed with the term
Quality or Quality Assurance for many rea-
sons. Some of us may say it is all just about
documentation and some others may say it
is just a waste of time as we are already doing
our work. Few others may say that it im-
proves the quality of professional and person-
al life. The known fact is that we record the
work done with all the details for future refer-
IF ITS IMPORTANT ence and for improvement actions to achieve
TO YOU, YOU WILL excellence.
FIND A WAY. Of late, organizations across the globe are
taking up different types of quality assurance
IF NOT
initiatives which suit to their nature of work
YOULL FIND
and working conditions. Usually, experts in
AN EXCUSE respective fields would design the structure
and framework with a good number of brain-
In the present scenario research is consid-
ered as the most effective tool to empower
the academicians and professionals with the
virtues of knowledge, skill, and capability to
Dr. Ashok Patnaik observe, analyze issues and provide solutions.
It is a myth that research and education are
the two parallel aspects. However, research
& is an integral part of education prevailing at
three stages of learning - elementary, sec-
ondary and higher education.
The era of transformation has led to a tran-
Dr. Ansarul Haque sition from an industrial society to a knowl-
edge driven society. Thrust on research can
bring a paradigm shift to create a world-class
PARADIGM SHIFT IN RESEARCH
institution with excellence.
AND HIGHER EDUCATION
Today, the need of the hour is that the higher
education system requires a complete change
Research is creating new
in its perception, structure, emphasis and
knowledge.-Neil Armstrong
implementation in creation and diffusion of
knowledge. World-Class management insti-
tutions are aspiring for accreditation from
the leading accrediting agencies like-AACSB
(The Association to Advance Collegiate
Schools of Business), AMBA (The Associa-
4 Someone is sitting in the shade today because someone planted a tree a long time ago.
-- Warren Buffett
BSD Newsletter, Summer Issue, 2017
storming sessions and by referring the other
established quality assurance standards avail-
able. It is quite obvious that not all the stake-
holders of the organization would appreciate
the initiatives taken as people come from dif-
ferent backgrounds with different mindsets.
It is needless to say that, the framework de-
signed for Quality Assurance for a particular
organization is targeted to achieve excellence.
If one could follow it consistently over a peri-
od of time, the desired results are bound to be
achieved. Many of the organizations do fail,
in spite of having QA framework; this is not
primarily because of the faulty framework, but
not addressing/resolving the immediate prob-
lems that may arise. Quite often, organizations
fail to address the burning issues which may
cause further damage and thereby divert the
focus from the designed QA framework.
Lastly, the extent of commitment and agility
in implementing the decisions taken by the top
and middle-level management is extremely
important. In my opinion, this is one of the
most important areas for the
success of QA initiatives and for the journey
towards excellence.
tion of MBAs), EQUIS (European Quality
Improvement System) are evaluated based
on various criteria related to teaching and
learning, infrastructure and intellectual capi-
tal. Among these, research is considered as a
prominent component which is evident from
the following statements:
AACSB requires research to be the part of
the mission statement of the institution.
,AMBA gives emphasis on faculty research
and publications in journals of international
repute.
EQUIS gives more weightage to research
with international dimension.
Successful research institutions are the em-
bodiment of positive features like: large
sprawling campuses, conducive academic en-
vironment, contemporary curriculum, highly
oriented faculty members, excellent infra-
structural facilities to expedite acheiving the
research objectives.
 B-Kaleidoscope
Mr. Manikandan Sathyamoorthy
Personalty Development
Personality development is the dynamic rea-
son of our life to achieve success and it makes
each person distinct. It can be developed with
traits like attitude, character etc.
Tips for Personality Development:
1. Be Confident: One needs to be confident
in every aspect and moment of life to achieve
ones goals and to satisfy human needs.
Whether it is happy or sad, we need to be self-
confident to overcome anything. This can be
reflected in the form of character, attitude and
passion.
2. Communication Skills development:
- The way people communicate at the right
time and at the right place with people makes
a person to build ones personality more ef-
fectively. It leads every individual to compete
with this 21st Century world by having ef-
fective way of communication. This has to
be developed by many ways to reach the new
heights.
3. Dress Up Well: The people are usually
adjudged based on the dress they put on at
occasions or events. The impression which is
created by dress would help people to show
their image. Dress creates a good impression
in others and it is one of the criteria for the
developing personality.
4. Do What You like and like what you do:
Many people dont understand the above in a
right way to do in life. If you follow what you
like, you can do wonders in life wherever you
are. One needs to make use of every opportu-
nity comes in his or her way.
5. Body Language: Several studies have re-
vealed that language is a medium of exchange
to transfer the information to the outside
world. The body language plays an important
I have not failed. Ive just found 10,000 ways that wont work. -- Thomas Edison
role and helps in judging confidence and per-
sonality of an individual.
6. Improve social skills and Learning: It is
widely known that Synergy is the key fac-
tor for success and one needs to improve all
levels of communication skills to improve
relationship with the society where we live
to achieve the goals. One can gain experience
learning from every situation and how things
were handled.
7. Leadership: The ability of managing peo-
ple depends on the skills a person has. The
style of leadership of a leader needs to be
democratic in order to satisfy followers and
subordinates in a given situation,knowledge,
skills, experiences, and attitude help develop-
ing ones personality.
8. Be a Good Listener: Listen before you
react It implies that the regular day need to
start from listening first. A good listener with
enough patience can solve many problems
without much difficulty.
Last but not the least Being Human is much
needed today which helps an individual to de-
Mr. Bijja Srinivas
Proposed Reforms on Oman
Tax Laws
Tax Reforms seems to be the best tool for
any government to clear its budgetary deficit
over a period of time. After slashing subsi-
dies, raising fees and tightening government
spendings, tax laws are now on the edge of
reforms in Oman, due to the huge budgetary
deficit caused by the recent oil price rout in
the international markets. To appraise the
need and effect of the recent proposals of
tax reforms, my presentation focuses only the
corporate income tax reforms. I am trying to
enhances both positive and adverse effects of
these proposal.
In this tenure of low oil prices most of the
middle-east countries have reformed their tax
policies. Initially, Oman wants to borrow 2.1
billion Omani Rials from the international
markets and manage the current years pro-
jected deficit. It is known that the Oman Tax
BSD Newsletter, Summer Issue, 2017
Laws are reformed with the advises of Majlis
Al Shura and the State Council from time to
time. The recent recommendation of these ad-
visories raised a debate on non-fulfilment of
the current budgetary deficit resulting 17% of
GDP (i.e., over 3 billion Omani Rials).
Their recommendation on enhancement of
tax rate from 12% to 15% along with remov-
ing the exemption threshold of RO 30,000
would be argued first by the SMEs in Oman.
They may not object over increase of tax
rate from 12% to 15%, but they strongly op-
pose the removal of current tax relief of RO
30,000 (i.e., as per current Oman tax laws,
companies earning less than RO 30,000 are
exempted from income tax).
Currently over 80,000 SMEs are registered
with Oman tax authorities and nearly 30% of
them are paying tax according to the resent
statistics. This will escalate to 100%, if they
remove the tax exemption threshold. It may
enhance the Governments revenue and bring
down current deficit to a remarkable extent. It
may also result as an effective tool to control
or maintain optimal rate of inflation in the
country. The current rate of inflation for the
month of January, 2017 is reported to be 1.8%
and forecasted to be around 1.6% in the near
future.
On the other hand, these decisions may have
adverse effects on the entrepreneurial growth
of the individuals in Oman and may lead to
close down of those SMEs facing high busi-
ness expenditure. Moreover, entrepreneurs
are less likely to start a new business due to
these changes. This will restrain the new in-
vestments in Oman, which leads to adverse ef-
fects on the economy like unemployment and
poverty. It may also reduce the consumption
power of SMEs and individuals depended
on them, resulting in lower individual saving
rate. It may also lead to a tendency of avoid-
ance and evasion of tax among the Omani
companies.
Considering these adverse effects, it is strong-
ly recommended not to abolish the tax relief,
but to alter it to the reasonable extent. The
current corporate income tax rate may also
be enhanced as per the revenue requirement
of the government to clear off the budgetary
deficit. It is our duty to stand by the govern-
ments decision and support it with honesty. As
it is our primary duty to pay our taxes and
help the government in achieving the desired
economic growth rate.
5
 B-Kaleidoscope
Dr. Syeda Zubaida Hashmi
English has become an important aspect of
success today. Be it any job or profession
speaking English fluently is essential. But
why cant I speak it fluently? Putting it in
other words, How can I bridge my Com-
munication Gap? What is it I am missing?
Where am I going wrong? How should I
overcome this problem?
As any other problem, answer to these ques-
tions lies in identifying the root causes of
the problem. The main reason I feel is that,
people dont feel acquainted with the foreign
language as they love their mother tongue
the most. The feel they get in their mother
tongue cannot be brought easily in any for-
eign language; as they are more concerned
about its grammar or sentence making and
most importantly the thought of embar-
rassment if they may go wrong. People tend
commit more mistakes eespecially when they
talk to others, thinking that others know
English much better. Its not that people
dont know English at all but they are not
adapting it as they have adapted our own
language. They are aware of their mistakes,
however, they are not able to avoid such mis-
Mr. Sandeep Kale M.
Teacher - A Leader Ever
...No one can teach anybody; a child teaches
itself. We can help it to go forward in its own
way. Within man is all knowledge, it re-
quires only an awakening and that much is the
work of a teacher. A teacher is a facilitator of
learning. So it is said
6 You must expect great things of yourself before you can do them.
- Michael Jordan
Why cant I speak English
Fluently????
takes when they speak without prior prepa-
ration.
In order to solve this issue, people tend to
ask their teachers or elders to advise them
on improving their communication or pres-
entation skills. The usual answers they get
are to read books and newspapers, listen to
the news and broad cast, speak at home and
other similar exercises. They start reading
books and newspapers first and try to un-
derstand the content but while talking they
cannot not use the same English that they
learned from reading. They try listening to
news but fail to use the same words in day-
to-day activities. When they start interacting
with people, it becomes difficult for them to
frame sentences. Many of them try to speak
at home, however, we may fail to get someone
to speak with or we may fail to express our
thoughts in English properly.
I think one need to examine the problem lit-
tle deeper, and ask oneself How did I start
speaking in my mother tongue An infant
cannot speak any language. People did not
use any language or used any words when
they born. They express their feelings by
laughing, crying etc. People understood their
mother tongue by observation and practice
by relating their words to the expressions
of others. Thoughts or ideas are generated
first in their mother tongue. However, while
speaking English, people try to frame the
Awakening of knowledge that lies within
ones own self, sums up the supreme of the
role of a Teacher. The role of a teacher has
been of supreme importance since the time
immemorial.
BSD Newsletter, Summer Issue, 2017
meaning in their mother tongue and trans-
late it. This gives scope for committing er-
rors in grammar and formation of sentences
resulting in giving two different meanings
in each language.
Therefore, one can improve ones spoken
English by two things; first, by observation
and practice and next by thinking and im-
agining in English. By observation I mean
listening to presentations, watching mov-
ies, cartoons and short stories in English
and trying to use the the language in day-
to-day conversation. Reading and writing
diary would be of great help. By thinking
and imagining I mean speaking to self in
English, trying to create a situation in mind
and solving it in English. Believe in self
and not to worry what others. Try getting
meanings for the words shall be the priority
and try correcting the grammatical errors
in the later stage. Before presenting our-
selves in front of public, one has to imagine
the situation and plan the sequence and use
the words accordingly. Take up a chance to
speak in public whenever possible and try to
make ones own style of presenting things
instead of copying others.
The above mentioned things helped me a lot
and I think anyone really need or desire to
speak they find their own ways. All the
Best!
For everything, we need a teacher
first. Books are only outlines. Its a Teacher
who hands down to the students living secrets
in every art, science and religion. He/She is
responsible not only for imparting knowledge,
but also in moulding the character and per-
sonality of the pupils.
A Teacher is an affectionate father/
mother and a person of high moral and spir-
itual qualities. Great learned scholars say that
a teacher possesses three instruments -
Instruction, Example, and Influence. The
good teacher will seek to awaken much more
than to instruct; he/she will aim at the growth
of the faculties and the experiences by a natu-
ral process and free expansion. He/she will
not impose his/her opinions on the passive
acceptance of the receptive mind, because a
teacher knows that an example is always more
 B-Kaleidoscope BSD Newsletter, Summer Issue, 2017

powerful than an instruction. An example not that of the outward acts,

but of the inner motivation of life and the inner states and inner activi- )1(
ties. Finally, he/she also acknowledges that influence is more important
than an example. For, influence proceeds from the power of contact of

a teacher with his/her pupil, from the nearness of his/her soul to the

soul of another, infusing into the pupil, even though in silence, all that
which the teacher himself/herself is or possesses. 1
In the 21st century, especially in the context of an emerging
globalized society, great responsibilities are for teachers whose duty
is to mould the character and the mind of the new generation. Teach- 2

ers in the contemporary society need to be thorough professionals

fully equipped with high academic standards, pedagogical and practical . .
skills, ethical and moral values. The educational policy of every nation
emphasizes that the quality of education can be achieved only when : 3
teachers are professionally satisfied, motivated, committed and are will-
ing to perform for the benefit of the learners, the community and the
society at large.

Professionalism for a global society demands that teachers
should be innovative in their attitude, flexible in their approach, inquisi- 61 69 45 13
tive and reflective in their mind - always refreshing themselves with the 67 137 97 44
day-to-day increase of knowledge in their subject area. It is said that
a teacher can never truly teach unless he/she is still learning. A lamp

can never light another lamp unless it continues to burn its own flame. ) 1339 (
At a time when knowledge is expanding so fast, a teacher can hardly : 4
afford to remain static. In this world of science and technology, teach-
ers should endeavour to equip the student with every kind of scientific
and technical training, but they should do it without sacrificing the

permanent values. The future of a learning society will be bright only
when the teachers are intellectually and morally well-equipped, and are
dedicated to the welfare of the society. The teacher, however qualified
he or she may be, will be useful to the society only if he or she loves
the vocation. The words of Henry Van Dyke, an eminent American 1285
writer, express the significance of teachers and their teaching in the ... ... :
society, are relevant here - Ah there you have the worst paid and the . 5
best rewarded of vocations. Do not enter it unless you love it. For, the -
vast majority of men and women it has no promise of wealth and fame, 6
but they to whom it is dear for its own sake are among the nobility of . .
mankind. I sing the praise of the unknown teacher, king of himself
and the leader of the mankind. ) 92( ( )
A teacher is a serious scholar first, who then performs with . 7
a complete sense of belonging to the profession and the pupil imbued
and enthused with a certain amount of austerity and renunciation, deep .
humanity and tolerance. A Teachers breadth of vision motivates and
commands respect for the freedom and dignity of the entire creation.
72 1983/1404 : / 1856 . 1
: / . 371/22 : .2
169 1995 : / . 254 2001/1422
1213 : / .
2007/1428 : / - . : .3
85-76
. . . .4
144 2000/1421 :
5
-35 1994/1415
1
.69 2003/1423 : / . 36
110/1 1994/1414 : / . .6
36-35 : .7

Success does not consist in never making mistakes but in never making the same one
a second time. -- George Bernard Shaw
7
 B-Kaleidoscope
Mrs. Laly Antoney
Fiscal Reforms of Oman & Its
Implication On Business Education
All GCC Countries are undergoing a transi-
tional phase to get their economies less de-
pendent on hydrocarbons due to sinking crude
oil prices. Oman is also not an exception to it.
State deficit is going to touch OMR3.3 billion
($8.6bn) this year. The Sultanate is one of the
countries that is most heavily dependent on
hydrocarbons, which is now grappling with
the adverse effect on its economy due to dete-
riorating oil prices. The outlook of the coun-
try is bleak from number of macro-economic
challenges such as Chinese economic slow
down, regional conflicts and federal reserve
decision of US. According to a press release
of IMF, despite the robust policy actions tak-
en so far, the sustained decline in oil prices has
adversely affected Omans economy. This de-
cline oil price has reinstated the need to accel-
erate economic diversification further and to
enhance the role of private sector. Raising the
quality of education is pertinent to increase
national employment opportunities in the pri-
vate sector.
Policy makers and planners are now think-
ing of tapping other areas and generate more
revenues to economy from non-traditional av-
enues such as tourism, logistics, mining and
fisheries, manufacturing, all of which will help
Oman advanceing from its current reliance on
oil. As part of the number of austerity meas-
ures suggested by experts one key reform is to
implement VAT, which is estimated to gener-
ate revenue between OMR200 and OMR 300
Million every year. These reforms are indeed
going to create more opportunities, supports
and strengthen the economy, no doubt, but
the question arises? Do we have the required
skills/professionalism who are capable to
manage these challenges? The education sys-
tem will be fruitful and effective only when it
can produce the required skills demanded by
the industry. The technical education system
should be able to produce professionals to
manage the fiscal reforms which are on
cards with local skills.
8 All progress takes place outside the comfort zone.
BSD Newsletter, Summer Issue, 2017
In view of the current scenario of these fiscal
changes, lets see how the synchronization of
the education system in general and business
education in particular with economy could be
materialized. One of the key fiscal reform de-
cisions is the introduction of VAT which will
have a direct impact on business education in
the Sultanate. Since the idea of implementing
VAT is in its nascent phase, a simultaneous Dr . Surendar Vaddepalli
step from the policy makers of the technical
education is indefensible to bridge the skill The Road Towards Sustainable
gap. Education on taxation and developing the Development - Few
required taxation skills is inevitable to make
the technical education to aptly reciprocate Challenges
with the prospective fiscal reforms on card.
It is well known that a countrys overall devel-
Pedagogical remedy need to be implemented
opment happens based on the resources it has.
by revising the curriculum of accounting
It is a great achievement for Oman that Sul-
courses and content delivery.
tan Qaboos bin Said, the King of Oman, was
Students of business education especially ac-
successful in uniting diversified population
counting students should be given proper
centers across the country and built govern-
training and conceptual understanding on
ment institutions for sustainable development.
VAT, documentation on Input and Output tax,
However, the countrys development faces
preparation and filing of annual tax returns,
challenges including a few mentioned below:
online tax deposits etc. In order to achieve
this, a thorough re-visit to the present curric-
High dependency on nonrenewable nat-
ulum is the need of the hour. Present taxation
ural oil and petroleum products.
courses need to be re-designed and customized
Nearly 59% of Sultanates
to emerging needs. Designing or redesigning
exports consist of crude oil
of courses hasto be in tune with the local le-
of the country exports which
gal regulatory framework, computation and
is equal to 49% of its GDP.
assessments of tax, including ethical con-
The countrys target is to
siderations. Taxation studies can be aligned
increase the share of non-oil
with the present curriculum by including two
GDP to reach 81%. The oil
or more specialization courses on taxation in
resources are expected to get
the accounting stream or by starting a spe-
depleted in the next 15 years if the extraction
cialization courses to meet the requirement.
of oil happens at the same pace.
Provision for furthering education on taxation
can also be ensured by affiliating institutions
Adverse climatic condi-
with international professional bodies such as
tions
ACCA, CIMA etc. An apex institution solely
The records show that there
dedicated for molding and developing tax
is an increase in the tem-
professionals can also be envisioned in future.
perature of Earth by the 0.5
Training programmers can also be planned
C in the last two decades
by collaborating with industry leaders such
which resulted in the higher
as KPMG, PWC, Deloitte and Ernst & Young
demand for water resources.
Middle East.
These climatic changes bring
Other areas where policy makers have to focus
increased concentration of
on, in the verge of current fiscal reforms, are
methane, carbon dioxide, nitrous oxide and
to develop skills in the area of logistics and
other greenhouse gasses in the atmosphere.
customer care which are a critical skills for the
The cyclones that happened recently in Oman,
development of tourism/hospitality industry.
i.e., in 2007 and in 2010, forced the country
The success of an education system is primar-
to face a significant loss of lives along with
ily gauged in terms of its ability to reciprocate
monetary losses affecting properties and in-
with the changes in the employment market
frastructure.
and to what extents the system is able to de-
Too much reliance on expats for all
liver the required skill to steer the wheel of
types of workers/professionals
changes.
-- Michael John Bobak
 B-Kaleidoscope
Sultanate of Oman might
lose the skilled labor and
talent as highly qualified and
skilled labor started looking
at getting new employment
opportunities in other parts
of the Gulf region. The
employees over 60 years of
age are nearly 72% of them are expats. Most
of the firms in the country are of the opinion
that the labor laws are becoming a constraint
to retain the highly talented
employee force.
Water scarcity
The policy of Oman has not
been so strong in adopting
Integrated Water Resourc-
es Management (IWRM)
into its national water plan.
Many shortcomings have been identified in
the Omans national water policy because of
which Oman could not adopt IWRM as the
international standard of water management.
In addition to this, it is ob-
served that water policy
was not given much impor-
tance.
Awaiting for a liberal-
ized labor policy
It is almost impossible to
fire an Omani employee
in the Sultanate of Oman.
Considering this fact, most
of the firms hiring people to avoid consider-
ing Omanis to be their employees. The labor
policies in the country are made in such a way
that firing an Omani employee is near impos-
sible and it makes firms giving less preference
to hire Omanis. The migration policies were
also changed limiting expats to get employ-
ment in Oman. The country has approved
only four conventions of ILO out of its eight
conventions its DHI (Difficulty of Hiring
Index) is rated as high compared to interna-
tional benchmarks. The working hours in a
working day is 9 in Oman whereas it is 8 in
other MENA countries.
In spite of challenges, the Omani youth be-
tween 15-29 years of age constitute around
27% and this productive labor force would
help the country as support in all respects is
extended for them to look at non-oil sector for
their employment to achieve the desired ob-
jectives.
Do one thing every day that scares you.
BSD Newsletter, Summer Issue, 2017
ACCOLADES
Dr. Abdul Jaleel Said Salem Al-Omeri has Dr. Syeda Zubaida Hashmi has been award-
been conferred with Doctor of Philosophy ed doctorate from Osmania University, Hy-
(PhD) in Arabic Literature from Menoufia derabad, India in May2016 for her studies on
University, Shebeen El-Kom, Egypt on his Cost Efficiency of Select Public Hospitals in
analytical study on Romance in Al Aqad Andhra Pradesh- A comparative on District
Poetry between Creativity & Criticism. Dr. Hospitals.
Jaleel investigated the concept of Romance
through its historical manifestation of Arab
poets ranging from Ehya and Baath School,
through Al-Dywan School and Apollo Group Mr. Syed Akram Pasha
to Al-Mahjer Group with a special focus on
Aqads poem. Dr. Abdul Jaleel completed his Attitude
doctoral study under the guidance of Prof.
Dr. Osama Moosa of Menoufia University,
Egypt and was awarded the title in the cer-
emony conducted at University of Menoufia
on 9th of August, 2016.
Attitude Attitude Attitude
It is a way of Thinking
Thoughts and feelings form attitude
Which sometimes results in solitude
Every individual should have attitude
It helps to get self-respect and from
Getting into difficulties it protects
Your behavior it Reflects
And
Dr. Mohammed Quadir Mohiuddin has been
Helps you to walk with success
awarded doctorate from Acharya Nagarjuna
For whatever you have got
University Guntur, Andhra Pradesh, In-
Say thanks to God
dia,2016 for his doctoral theses on A Com-
Thanks to your parents, friends
parative Study on Effectiveness of Training
And all your well wishers
Programs (with References to PSU, Andhra
As Gratitude is the Best Attitude
Pradesh India). Dr. Mohammed has to his
You are to be the perfect way
credit a dozens of research papers, articles
Which must make you say
published in edited books and in Interna-
I have the best Attitude..
tional Journals with high impact factor. He
acts as a Research Paper Reviewer for Five
International Research Journal
-- Eleanor Roosevelt 9
 STUDENT CORNER
B-Kaleidoscope BSD Newsletter, Summer Issue, 2017

thinking that if grew up I will be relieved, I

The Innocence of a Belief
Mr. Mohammed Aamir Al Maqbali
Diploma-II- Accounting
In a moon night, and I am sitting in front
of the sea, I remembered my childhood and
my old years are passing in front of me, I
meditate a life what has been changed
does there something change?
does there something occur?
who and where am I?
or another one?
lots of questions and I looking for the an-
swer, I wonder is this the day that I have
been waiting since I was a child?
Exactly its not the day that I was wait-
ing and wish, this is the life and this is the
place it hasnt notified to my mind, I was
was feeling comfortable when I think in the
future, I didnt know that will happen, I was Ms Bushra Said Al Mamari
kind and there was a self-faith that the future Diploma-II, Accounting
will be better, so my heart got reassured.
Do you know what happened when I grew
up?
There was a beautiful baby and his manners
are wonderful, when the days and years have
gone, the conditions wanted that this baby
has been changing, yes he became young and
his thinking and manners have been changed,
unfortunately who was guessing that this
baby is what is on it now.
I am sure when the human gets educated on
values and manners will not hide whatever
we do, then the teenager chose yo back as he
was, a beautiful one, has a good manners also
an ambitious, a goal owner, optimistic, good
heart.
Between dreams and wishes I was created in a
poor house doesnt own anything else (kind-
ness, honesty, manners, integrity, vineyard,
optimize, good conjecture, tranquility) in
God is this a poor house?

Studying in English and Work-
ing In Arabic Environment
Ms. Fatma Abdullah Al Mandhari
---------------------
I was wondering why we are studying in
English but in real life we are working in
Arabic environment. While studying the
student has to make two types of effort. The
first effort is studying the English language
which is a new language and new medium of
instruction. Also when we graduate from the
school, we do not graduate with that much
skills and abilities of English language like
writing, reading, listening and grammar and
understanding it. The second effort is under-
standing the material written and explained
in English.
On the other hand, studying in Arabic will
give more understanding of materials.
Moreover, studying in Arabic will decrease
lot of expense of the country. Firstly, the
expense of the first year foundation will
decrease from the student study as founda-
tion course is of English so that decrease a
year of the studies for the student. Secondly,
in many industries employees with English
background skills are required, if working
in Arabic more people will be available to
work for one particular job.
In the end I wish and hope that it we be a
combination of strategies to make a balance
between the studying and real work envi-
ronment.

10 Keep your face to the sunshine and you can never see the shadow. - Helen Keller
 B-Kaleidoscope
What you wait for!! Take
your Opportunities
Mr. JUMA KHAMIS
B Tech Human Resource,
Final semester
Weve all learned and studied in our spe-
cialization importance of using the oppor-
tunities we have. We know the value of the
opportunity after being lost, and we try to
take it when it is out of our reach and we
wish it to return again, to publicly make up
for what we missed.
But entrepreneurs are the ones who know
how we can get and use opportunities, so
they are only the beneficiaries not others.
And opportunities come disguised, cynical
and go .. and this is the secret missed by
many,
I hear some of them say: I know, but Im
not sure ...
The successful warrior is the average man, with laser-like focus.
BSD Newsletter, Summer Issue, 2017
Or he says, I did not expect to miss this so
quickly, .. .
This is the difference between those who
take advantage of the opportunity at the
right time and runs behind after the fly out Illusory
of his hands.
The owner of initiatives jumps on the op- Ms Bushra Said Al Mamari
portunity, The other, they wait opportunities Diploma-II, Accounting
to come to them in his lap, but they dont
know opportunities do not care about them
.In any case it is important to know opportu- I do all for some people
nity characteristics ..
They are as follows: But they are moving away
First, opportunities come blurry, unclear. My heart hurts, coz of them
Second, it does not slow down time, not in
the interest of those who dont use their Because most of them deceptive people
mind Like the sun that is beautiful in winter
Third: It comes equal for all, and take it avail-
able to all people, and as the saying goes, the But in summer, burns my body
opportunity knocks all the doors, but they
For this reason, I will punish myself
may not see anyone at home.
Fourth: It goes back. Therefore, we should I afford them for a short while
be ready and we should have:
Then I will execute from my life
First, advance preparation.
Second: jump on the opportunity, when it Then I will execution from my life
comes without delay.
Then I will execution from my life
Fourth: Hold opportunity too strongly and
make impossible to possible
To sum up, Our advice to you: not only did
the successes achieved, excessive in luck,
trust can turn against you, you should learn
how to stop believing in luck, or rely upon,
-- Bruce Lee 11
 B-Kaleidoscope BSD Newsletter, Summer Issue, 2017

Ms. Khulood Al Zidi

EXPRESSIONS Advanced Diploma

Ms. Hajar Saif Al Shuhoomi

FRAMES n FUMES Diploma-II, Accounting

12 Success does not consist in never making mistakes but in never making the same one
a second time. -- George Bernard Shaw
 B-Kaleidoscope
BSD NEWS & EVENTS
Workshop on Self-consciousness in
organizational dynamics
Mr. Sai Kishore V. & Mr. Sandeep Kale
conducted a Workshop for the IT depart-
ment staff on workshop on Self-conscious-
ness in organizational dynamics in Decem-
ber 2016. the workshop was well received
and the audience appreciated the efforts
taken by the speakers.
Industry visit Central Bank of Oman,
Head Office, Muscat
Mr. Sai Kishore V. organized a visit for the
students to the Central Bank of Oman, Head
Office, Muscat on March,14,2017, with the
help of a student Mr. Al Mouaid Sulaim.
Three different interactive sessions were ar-
ranged by CBO to create awareness among
the students on the various activities that are
being undertaken by CBO. Mr. Malik, CBO
employee started with the first session with
the objectives of CBO, later it was handed
over to Mr. Abdullah to speak on monetary
functions. In the third session, Mr. Basam
elaborated on the activities of various de-
partments within CBO viz., Treasury, Re-
search and Marketing, Monetary functions,
International settlements & Investment.
In the final session, the group was taken
for a round to Currency Museum in Cen-
tral Bank of Oman, where Mr.Ibrahim (In-
charge for the museum), explained about the
monumental currency notes and the coins
and its origin.
As we look ahead into the next century, leaders will be those who empower others.
-- Bill Gates
BUSINESS SOCIETY(BS) ACTIVITIES
The Business Society, was instituted in the
year 2009 under the visionary leadership of
Mr. Abdulrahman Ismaili, the then Head,
Department of Business Studies. Since then,
the BS is the nerve center of almost all
events and activities of the business depart-
ment. The aim of the society is to provide a
platform to exhibit and excel in harnessing,
nurturing innate talents of the young minds
of the department by organizing myriad ac-
tivities in order to instill a high level of con-
fidence to orient students to real life busi-
ness world from classroom settings.
During 2015-16 and 2016-17, as usual, Busi-
ness society organized number of activities.
The Second Intercollegiate Research Pa-
per competition was organized on 2nd Feb-
ruary 2015 of which, Mr. Muhammad Faisal
Aziz was the Research Paper Reviewer. On
19th October 2015 Business Day was or-
ganized. To mark the day, a Seminar On the
Practical Challenges Faced in Organiza-
tion was organized. Mr. Nazmi Iqbal, Re-
gional Sales Manager, PEPSICO was the
key speaker for the event. Also, Debate on
Going For Your Own Business Or Job,
and an Exhibition titled as A Glance of
Oman was organized by students and
staff members. From 14th to 16th March
2016 College organized First Technical
Cultural Week, BS organized Bid for Re-
source Mock Interview and Manage-
ment Games for the students. To develop
soft skill among our students, a novel idea
Thursday Activities was organized every
week. This includes Goal Setting Workshop,
Time Management, Business Games, Busi-
ness Etiquette Workshop, Business Com-
munication Games. On 30th Nov, 2016 a
workshop on CV Writing and Mock Inter-
view was conducted. On 16th November
2016 National Day Celebration was or-
ganized. The event was inaugurated by Dr.
Shaik Mastan Vali, Mr. Safik Khan and Dr.
R. Pugalarasu. The activities included Food
for Noble Cause: An event to collect funds
for a charitable organization, An Exhibition
BSD Newsletter, Summer Issue, 2017
Related To Omani Culture: an exhibition
showcasing the traditional items such as Om-
ani dress, jewelry, pottery, handicraft, paint-
ing and traditional food to give an insight into
Omani traditional life style, Collage Making:
Student from various departments participat-
ed in the collage making competition based on
the theme Sultan is the Best Leader.
As a part of the 2nd Technical and Cultural
Week of IBRICT, Business Department con-
ducted various activities on 7th March 2017.
The day was inaugurated by the Dean, Dr.
Said Masoud Ali Kashoob at 10 am. The in-
auguration took place in the august presence
of the Assistant Dean Academic Affairs- Mr.
Younis Al Zaabi and the Head of the Divi-
sion, Mr. Mohammed Abed Ali, and hundreds
of enthusiastic students and BSD faculty.
The events were Big Day Auction, Stop To
Shop, Glimpses Of Business And Industry
In Oman, the Business Quiz Kingship and
Best Of Waste.
Research Publication
1. Tamilselvan. M.(2016), A Study On Con-
ditional Volatility On Nifty Evidence from
National Stock Exchange India; I J A B E
R, Vol. 14, No. 6, (2016): 3781-3797
2.Tamilselvan. M.(2016):,Forecasting Stock
Market Volatility Evidence From Muscat
Security Market using GARCH Models, In-
ternational Journal of Commerce and Finace,
ISSN 2149-9608 Vol.2 Issue.1
1. Laly Antoney (2016),A Model Show-
ing Factors Influencing Customer Satisfac-
tion In Retail Banking Services Of Kerala:
A SEM Approach International Journal
of Management Research and Business
Strategy(IJMRBS),ISSN 2319-345X www.
ijmrbs.com,Vol. 5, No. 3, July 2016
2. Mohammed Quadir Mohiuddin(2016):
Role Of A Women Entrepreneur In AGCC
(Arab Gulf Cooperation Council) Women
Empowerment- Assumption University-
eJournal of Interdisciplinary Research (AU-
eJIR) Vol. 1, Issue 2, 2016 Bang Sao Thong,
Samuthprakarn, Thailand 10540
3.Surendar Vadepalli &Laly Antoney
(2016): Role of Intangible Assets to Create
13
 B-Kaleidoscope
Wealth- Empirical Evidence from Select EU
Countries & US, Imperial Journal of Inter-
disciplinary Research (IJIR) Vol-2, Issue-7,
2016 ISSN: 2454-1362, http://www.online-
journal.in
4.Tamilselvan. M.(2016): Price Earnings
Ratio And Financial Performance Nexus Us-
ing Panel Data Regression Model: The Case
Of Oman, International Journal of Business
Management & Research (IJBMR) ISSN(P):
2249-6920; ISSN(E): 2249-8036, Vol. 6, Issue
2, Apr 2016, 79-84
5.Tamilselvan. M. & JayaKumar (2016): Is
International Trade Exaggerating the GDP
The Case of India GE-International
Journal of Management Research Vol.4 ISSN
2321-1709
6. Mohammed Quadir Mohiuddin (2015),
(HR):The Emerging Issues In Human Resource
Management IJMSRR, ISSN - 2349-6746 ISSN
-2349-6738 Vol.1, Issue.12, June - 2015
BSD IN PHOTOS
14 Be yourself. Everyone else is already taken. -- Oscar Wilde
7.Mohammed Quadir Mohiuddin,(2015):
Application of HRD Strategies for Organiza-
tional Development Vol.03 Issue-06, (June,
2015) ISSN: 2321-1784
8. Mohammed Quadir Mohiuddin(2015):
Effects of Islam on Business Ethics - Edited
Book Volume titled - Dynamics of Commerce
and Management in the New Millennium,
Pg 1-8 (2015) International Research Pub-
lication House Delhi India ISSN : 978-83-
84144-65-4
9. Mohammed Quadir Mohiuddin(2015):
Retention Strategies For Talent; Internation-
al Journal of management, IT and Engineer-
ing ISSN: 2249-0558 Volume 4, Issue 10
10. Surendar Vadepalli(2015): Value Based
Management Education - Need of the Hour;
Paramount Publishing House, February 2015
(ISBN 978-93-85100-06-2)
11. Surendar Vadepalli;(2015), Regulatory
Impact on Reference Data Management, In-
BSD Newsletter, Summer Issue, 2017
ternational Journal of Advanced Research
Foundation, Jan, 2015, Vol 2, Issue 1 [ISSN:
2394-3394]
12. Tamilselvan. M. & Manikandan Sathy-
amoorthy (2015):A Study On Impact Of
Foreign Direct Investment On Gross Domes-
tic Production In India.International Journal
of Academic Research in Business and Social
Science, Vol (5) 224-232 ISSN:2222-6990.
13. Tamilselvan. M(2015). Random Walk
Investigation in Indian Market with special
reference to S&P Nifty Fifty Stocks.
International Journal of Finance Banking
Studies, Vol (4), 52-61. ISSN: 2147-4486.
14. Tamilselvan. M.(2015):A Study on Ra-
tional Utility Maximization: Empirical Evi-
dence from National Stock Exchange - India
with Special Reference to Automobile Sec-
tor; GE-International Journal of Manage-
ment Research Volume.3 Issue (9) 1-7
ISSN:2394-4226
 B-Kaleidoscope BSD Newsletter, Summer Issue, 2017

Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am

changing myself. Rumi
15
Business Studies Department