The document discusses the activities and initiatives of the College of Management & Economic Studies (CoMES), including the release of the newsletter 'Comes Pulse,' workshops, conferences, and management development programs relevant to energy, infrastructure, and transportation sectors. It features insights from prominent speakers at events and emphasizes the importance of bridging academia and industry while enhancing students' practical knowledge and networking. Upcoming events and the focus on enhancing tax reforms and inflation measurement are also highlighted.

1. CoMES PULSE
INTERVIEW
RAJAT KATHURIA
Director & Chief Executive, ICRIER
REPORT
WORLD PETROCOAL CONFERENCE
at New Delhi
EVENT
ICMI
2nd
International Conference, CoMES
PVC’s Message
I congratulate ‘CoMES PULSE’ team for
envisioning such a newsletter which is a
compendium of views and ideas of the bud-
ding managers on campus and provides
an industry interface. I proudly uphold
them for successfully bringing out the
second edition. I believe, through this, the readers have enjoyed a
wealth of fresh insights and are abreast with the interdisciplinary
activities of the College of Management & Economic Studies.
This newsletter also seeks to create a bridge between the academia
and the industry alumni to pave way for a more enriched
knowledge bank.
I hope this initiative inspires the entire students and academic fra-
ternity towards better networking and integration as a college. It is
a great medium to publicize the dynamism of CoMES by dissemi-
nating news of plethora of activities undertaken, achievements,
conferences, seminars, management development programs and
articles by experts and students pertaining to various areas of do-
main.
Prof. Utpal Ghosh
Pro-Vice Chancellor, UPES
INDIAN GAS TRANSMISSION INFRASTUCTURE:
SOMETHING’S ROTTEN?
For India to match the CAGR of 7-8% p.a. it needs uninterrupted clean
fuel supplies, suggesting an increase in imports of natural gas by more
than 100%. “Is our gas transmission and distribution infrastructure
ready to meet the emerging loads?” Read more inside….
Mr. Tajinder Chawla(MBA ET-II) at WPCC-2014
Mr. Neil Broker addressing audience at 2nd ICMI- 2014
Dr.Parag Diwan, VC, UPES Inaugurating CoMES PULSE

2. Conferences
Seminars
Workshops
Training Workshop by GIZ and UREDA
University of Petroleum and Energy Studies (UPES), Deh-
radun in collaboration with Center
for Management Development (CMD) organized a Train-
ing Workshop on Selling Solar Lights: Technology and
Finance for 56 participants from 11 different districts of
Uttarakhand. The workshop was part of an initiative under
the project funded by GIZ (German society for Internation-
al cooperation) and Uttarakhand Renewable Energy Devel-
opment Agency (UREDA) in lieu of technical cooperation
between Germany and India to promote private investment
in providing access to clean energy in rural areas from re-
newable energy sources.. Mr. Sudhir Kulkarni (SELCO
foundation, Bengaluru), Mr. Rustam Sengupta (BOOND,
an incubator of SELCO) and Mr. R N Dixit provided their
valuable inputs. Dr. S. J. Chopra, Chancellor, UPES rein-
forced the need of capacity building for self-employment
generation in the state of Uttarakhand and encouraged the
incubation center of UPES, which has been committed for
development of state, to offer its services to help the rural
youth in setting up their own business.
4th World Petro Coal Conference
The Fourth World Petro Coal Congress 2014 "Energy, Environ-
ment, Efficiency, Equity & Entrepreneurship for a Greener Plan-
et" was held from 15-17 Feb 2014 at New Delhi, India. It was
organized by Energy and Environment foundation. It gave a plat-
form to ponder upon stock of new fossil fuels, cleaner use of ex-
isting fuels and the need for closer networking amongst the vari-
ous agencies handling different fuels for synergizing their opera-
tions and strategies. This would make the energy industry
achieve higher value addition to scarce and depleting resources,
will enhance the benefits to society, and will encourage better
environmental management.
The eminent speakers of the conference were Dr.M.Veerappa
Moily (Honorable Union Minister for Petroleum and Natural
gas), Mr. Shri Prakash Jaiswal (Honorable Minister for Coal),
Mr. SK Srivastava (CMD, Oil India Limited), Mr. Benjamin
Sporton (Deputy Chief Executive, World Coal Association, UK),
Mr. Narendra Taneja (a leading expert in energy sector), Dr.SJ
Chopra (Chancellor, UPES Dehradun) and Mr.BS Negi (Former
Member, Petroleum and Natural Gas Regularity Board).
The conference was attended by various students of MBA Ener-
gy Trading, Sem II & IV, and MBA Oil & Gas, Sem II & IV.
The conference gave an insight about energy access, energy
availability and energy affordability along with discussion on the
concern over climate change that must be treated as an integrated
priority.
Seminar on Foreign trade policy
About 15 students of MBA IB II semester from UPES at-
tended the seminar conducted by the Jt. DGFT in his office
in collaboration with Commissioner of Customs, Direc-
torate of Industries in Dehradun on 25 Feb 2014. The
Jt.DGFT, Dr. Amiya Chandra was quite impressed with the
students and expressed his desire to visit the campus to
deliver a lecture on Foreign Trade Policy to all the stu-
dents.
Workshops attended
Prof. Rajeshwari Deb, from ISM Department attended a workshop from10-15 March, 2014 on Research Methodology’ conduct-
ed by Indian Social Institute Delhi.
Prof Abhijit Singh from Transportation Department attended Indian Council of Arbitration (ICA) as Maritime Expert, New Delhi
(Ministry of Commerce, GOI).
Dr. Rajeev Sharma attended two days event on Feb 27-28, 2014 ‘Innovate India – 2014 by NRDC.
Dr. Nikhil Kulshretha attended a workshop on HR organized by ISTD Dehradun chapter.

3. Conferences
Seminars
Workshops
Started in 2013, by College of Management & Economic Studies International Conference on Management & In-
frastructure, ICMI returned again in February 14-15, 2014, after a notable success last year. ICMI 2014 provides an
interdisciplinary forum for discussion, debate and dissemination of information about the newer ways of managing,
mitigating and regulating the emerging challenges in ever-changing Energy, Infrastructure, and Transportation sector.
A total of 181 selected research papers were presented from across the globe. Apart from the Chancellor of UPES,
Dr. S.J. Chopra,VC Dr. Parag Diwan, PVC Mr. Utpal Ghosh, Dr. Anirban Sengupta, Dean, CoMES, Mr. Neel Bro-
ker, CEO-Laureate International University, Mr. R.S. Tolia, Former Chief Secretary, Govt. of Uttarakhand, important
personalities and academicians from various industries, Mr. Rajeev Puri, CAO & Sr Dy Director (IT), Indian Port
Association, Dr. Reshmy Nair, from Administrative Staff College of India, Mr. B.S.Negi, Former member PNGRB,
Mr. Sushant Chatterjee, CERC, Mr. Akhil Mehrotra, British Gas and Mr. Narendra Kumar, MD-IGL, Prof. Dr. Lars
D. Wellejus from University of Applied Sciences, Frankfurt, Germany, Mr. Dinesh Kumar, ED – Training, Indian
Aviation Academy, AAI presided the event & addressed the students and various other participants. Best papers from
Energy Sector- Mr. Ayush Gupta & Mr. Narendra Nath Dales (Research Scholar/Corporates/Academicians Catego-
ry); Vivek Goyal, Lakshmi Narayan, Anjali Gupta & P.Jacob Chako, Ben Paulson, Suhas (Students Category). Trans-
portation Sector- Mr. D.P. Singh, Dr. A.K. Nigam, Mr. Manish & Mr. Ashish Bisht (Research Scholar/Corporates/
Academicians Category); Utkarsh Yadav, Rajeev Kumar, Mustakeen Khan & Haniksha Kabra, Vikas Kanwar,
Dr.Ajit Nigam (Students Category). Infrastructure Sector- Dr. Liju Joshua & Mr. Anand Chakarvarthi (Research
Scholar/Corporates/Academicians Category); Dhaval Shah, Raman Shahi, Vikas Gupta (Students Category). Allied
Sector- Prof. Patiraj Kumari, Shivani Thapliyal (Research Scholar/Corporates/Academicians Category); Aparna Na-
rayan, Gunjan Chabra (Students Category).
2nd International Conference on Management & Infrastructure
Paper Presentation in Conferences
Research paper titled “Brand engagement on social media: challeng-
es and opportunities” was presented by Ms. Meenakshi Tomar, Dr.
D.K. Punia, Dr. Tarun Dhingra and Dr. K.K. Pandey at International
Conference on Research in Marketing (ICRM 2013) held at IIT Del-
hi, Dec 21-22, 2013.
Mr. Sunil Barthwal presented a paper titled “Generational differences
in interpreting ‘gestalt’ cultural value from Indian durable goods ad-
vertisements: A qualitative study” in IIM Lucknow annual Confer-
ence on the theme ‘Listening to Consumers of Emerging Markets’,
Jan 9-11, 2014.
Dr. Hiranmoy Roy presented a paper “An Empirical Study on Fac-
tors Determining Energy Demand: Japan’s Experience” in the Inter-
national Conference on Research and Business held in IIT Roorkee
on 8-9th March, 2014.
Dr. Priya Grover presented a paper “A conceptual model for the suc-
cess of brand extended products” in the Global Conference on Man-
aging in Recovering Markets organized by MDI Gurgaon, March 5-
7, 2014.
E-cell (Incubation center)
Workshop on Share Market & Investment
A workshop on Share Market & Investment was
organized by ‘Innovians Technologies’ supported
by E-cell of UPES under the supervision of
Apoorv Agarwal (E-cell) on 5th
and 6th
April
2014. Trainer of the workshop, Nasir Mirza, a
well-known equity trader and investment analyst,
trained 65+ students of UPES on investment de-
cisions in buying of stocks in terms of cash/
currency from commodity, derivative Market
with good market exposure. Participants worked
live on various trading software and charting
techniques thereby learning how to technically
analyse and trade profitably. At the end of the
workshop 8 winners of the trading game were
awarded Certificate of Excellence whereas par-
ticipation certificates were issued to all the par-
ticipants.
A two days Business Simulation Workshop,
organized by E-Cell of UPES was conducted by
EnParadigm, Mumbai, on 20-21st April 2014.
The workshop was facilitated by Mr. Garvit
Bhandari (MBA from Virginia Tech University,
USA) with the aim to bridge the gap of theoreti-
cal studies by actually providing practical situa-
tions to the students of management.
Upcoming!
‘Agro Supply chain conference’ -2014 supported by
NABARD on 22nd Aug 2014 Keynote Speakers: Mr. Vijay
Sardana, Co-Chairman, Agribusiness Committee at PHD Chamber of
Commerce and industry, Mr. B.S.Negi, Mission Director, Horticulture
Mission Uttarakhand For contributions and details contact:
nanand@ddn.upes.ac.in ; sumeetbgh2007@gmail.com

4. Management
Development
Programs
Centre for Management Development (CMD) is a brainchild of the two path-breaking institutions- University of Petroleum and
Energy Studies (UPES) and Indian School of Petroleum (ISP)- that have cumulatively dedicated more than 2 decades in im-
parting training and education programs in the energy and core sectors. It offers unique management development programs
(MDPs) in the areas of energy, infrastructure and transportation (E.I.T.) for industry professionals. MDPs are designed to equip
practicing managers with necessary competence to take business decisions more effectively. Moreover, they aid in developing
an understanding of the nuances of different facets of the sector. Department of HR conducted its second successful MDP in a
row on the theme Talent Management on May 23-24, 2014 with Dr. Nikhil Kulshrestha as the Program Director. The MDP had
18 participants from organizations like HPCL, BPCL, GAIL, UPCL, PTCUL, Airport Authority, Ministry of railways, THDC
and Sanmarg. The resource persons were a mix from academics and Industry. This MDP focused on all the aspects of Talent
acquisition, Motivation and Retention and the pedagogy was a combination of lectures and Experiential Learning. The sessions
were well received and appreciated by the participants
February 21-22, 2014: Occupational Health,
Safety, Fire and Environmental Issues in Indian
Industries: Challenges and Solutions
Modern industry has ever growing hazards of
health, fire and explosion causing substantial dam-
age to the environment. Main challenges in the OSH
(Occupational Safety and Health) scenario is the
huge workforce in the organized sector, availability
of cheap labor, meagre public spending on health,
inadequate implementation of existing legislation.
The main objective of the MDP was to present sce-
nario of safety challenges in industries and solutions
thereby for India and on a global basis. Due stress
was laid on innovative approach towards implemen-
tation of the HSE concept, use of behavior based
safety program, current environment issues and se-
lection of best available technology. Key note
speakers were industry professionals such as Mr. R.
K. Singh, Deputy Chief Inspector-Factories, Depart-
ment of Labour, Uttarakhand, Dr. Piyoosh Rautela,
Executive Director, Disaster Management Centre,
Uttarakhand, Dr. Sanjay Bhutani, Deputy General
Manager, ONGC, along with academicians Dr. N.
A. Siddiqui, Prof. Manish Dubey and Prof. Nishan-
thini from HSE Department of UPES.
April 17-19, 2014: Management Practices in Oil and Gas Sector
The global oil and gas industry is faced with a stream of challenges as
emerging economies demonstrate a huge appetite for oil and gas to
fuel the development process. The objective of the program was to
equip the leaders of the future with a deep understanding of the man-
agement processes and methods that aid decision making. During
these three days various dignitaries from the industry such as Shri. B.
S. Negi discussed various regulatory regimes and policies pertaining
to Oil & Gas. Gas industry, Mr. Jayant S. Pandya (Ex-Head, Capital
Projects Consulting Group, USA) discussed on how to accomplish a
successful project, Mr. Kumar Amit (Associate specialist, Smart Cu-
be) discussed on energy trading and risk management concepts and
Ms. Surbhi Arora (Associate Professor, Glocal University) spoke on
the economic importance of Oil & Gas. A total of 13 participants of
mid-career government and non-government officials from 8 different
organizations such as IOCL, OIL, GAIL, MNGL, EIL, IGL, Total Oil
attended the program
UPCOMING MDPs
June 26-27, 2014: Power Distribution Management: Opportunities and
Challenges
July 4-5, 2014: Driving Solar Power Growth
August 8-9, 2014: Advanced Data and Business Analytics
August 21-23, 2014: Future of Civil Aviation in India
September 12-13, 2014: Project Risk and Contract Management
September 19-20, 2014: Business Leadership and Law
October 10-11, 2014: Port and Shipping Management
November 14-15, 2014: Energy Trading and Risk Management
November 21-22, 2014: Building Supply Chain for Strategic Excellence
December 5-6, 2014: Leveraging People Skills for High Performance
For more information on MDPs Contact:
Dr. Neeraj Rawat, Assistant Director, CMD.
Phone: +91 9412079731, Email: neeraj.rawat@hotmail.com

5. Interview with Mr. Rajat Kathuria, Director & Chief Executive, ICRIER
Interview by Saurabh Sahni (MBA ET) & Charlene Miriam Samuel (MBA ET)
Q1: RBI has changed the measure of inflation from WPI to CPI. How effective do you feel this move would be to control
inflation?
Answer: Controlling inflation is a separate issue; it’s about getting the measure of inflation right. I think in that spirit, it’s the right
measure because WPI is wholesale and CPI is retail. Various policies worldwide are based on retail prices rather than wholesale
prices. And there are some other problems with CPI in terms of whether it adequately reflects the structure of the economy and
structure of the consumption process. It may not, it almost will never do that because different people have different consumption
baskets. Thus, it should be as representative as possible. So, the good thing about this move is that it’s a move in the right direc-
tion. As a policy measure, it’s CPI that is relevant and not WPI. But whether it will control inflation is a later thing. The first step
is to identify the right measure. So now at least we’ve got the right measure.
Q2: What is your view on the current debate of tax reforms, whether it is regres-
sive or progressive?
Answer: A desirable attribute of a tax is that it should be progressive. If you have an
expenditure tax type of thing, it’s regressive because the poor pay much more. So we
have to make the income tax process progressive. So my view is that we need to im-
prove the administration of tax, and we need to use IT sector. It’s almost a no brainer,
making greater use of information technology in tax reforms. We need to do 2 things;
1 is we need to increase the tax space and 2nd
, we need to improve the administration,
the Governance. These two moves will be sufficient in getting the desired revenues for
the Government because a lot of income goes unreported, and people who ought to be
paying taxes don’t pay them. I’m not even getting into issues such as agricultural tax,
and so. I mean those are other issues which will probably come much later. I’m sure
some people take advantage of the fact that agriculture activities are not taxable. By
this I mean that a lot of income could be shown as agricultural when it not truly agri-
cultural.
Q3: You’re the founder member of Broadband Society of Universal Access. What
is this society all about?
Answer: The society essentially is, what the name suggests, universal access in the
sense that broadband services are available
Rajat Kathuria, Director
and Chief Executive
ICRIER along with PVC
Prof. Utpal Ghosh
About 25 guest speakers were invited by CoMES between Jan-May 2014 for various
domains specializations. A glimpse of some speaker profiles are reported here.
Mr. I. P. Agrahari, DGM, IOCL Kozikode delivered a guest lecture on, ‘Gas and Re-
newable Energy Hybrid Systems’ on 16th of Jan 2014.
Mr. Arun Sharma, GM, Orient Electricals delivered a talk on ‘Managing Supply Chains
of different Products’ for the students of MBA LSCM
Dr. Devashish Chakravarty (DGM-Exploration and Development) ONGC, Dehradun
addressed MBA students in IGNITE – 2014.
Mr. Dulal Halder-Chief Engineer (P) –Business Development, ONGC addressed MBA
OG & ET students on the topic ‘Augmenting Energy Security through Overseas Acquisi-
tions: Challenges and Opportunities’.
Mr. KMN Pillai- Sr. Project Manager- Worley Parsons addressed MBA OG, ET & Inte-
grated students on the topic ‘Project Management in Engineering Consultancy for Oil
and Gas Projects’.
Mr. Hanoob Hakim-Sr. Project Engineer- Chevron (Saudi Arabia) addressed MBA OG
& ET students on the topic‘Project Management and Phase Gate Process’.
Mr. Rahul Kale-Industrial Business Development (Petronas Lubricants) addressed MBA
OG & ET students on the topic ‘India Lubricant Market and New Channel Partner Devel-
opment’.
EXTERNAL INTERFACE
everywhere so that can deliver as many
services to the people without having phys-
ical delivery. I’ll give you an example of
education and health services, because it is
inaccessible for people in remote areas. A
lot of primary health centers don’t work
and teachers don’t come to school; even if
they come, they’re not teaching. So univer-
sal access means make it as widespread as
possible. But it has also got to do with the
content of the delivery mechanism riding
on this network. And we’re hoping that a
lot of social and education services, and
citizen services can get delivered through
broadband. And I think that’s going to
happen in future because broadband when
it’s available on mobile, it could be a game
changer in terms of delivery. India falls
awfully short in delivering quality services.
So this can be a way to improve the quality
of services.

6. EXTERNAL INTERFACE
Question 4: Various Maharatna companies, like CIL, in
spite of having autonomy have failed to spearhead the
economic growth. Your comments on that!
Answer: See I can make a general comment on the public
sector companies. The incentive structure in PSUs like CIL,
ONGC, etc, is not conducive for an independent sort of dom-
inance. CIL paid Rs.20,000 Cr dividend last year, but it
doesn’t have independence. It was told to pay that money, it
paid that.
Question 5: Where do you see India’s economic position 5
years from now, especially with the new political scenario
coming into place?
Answer: In the new political scenario, there will be a new
Government. So I think we are on our way to recovery, be-
cause people are just waiting to invest. India’s growth story
is robust. I think we’ve had a temporary lift. “Hoga”, India
will grow. You’ll find it out when you’ll go to the job mar-
ket. When is that? -“Sir, next year” (student)- So you’ll be
riding the wave of 6.5-7% of growth!!
Despite being flooded with work, Mr.Shinghal gave us his
precious time to talk about various issues related to UAE’s
banking system and also the corporate scenario of UAE in an
exclusive interview with Mr.Sunil Barthwal for PULSE. The
interviewer acknowledges Mr. Vishal Rajput, BBA OG-IV in
organizing the interview.
Mr. Gaurav Shinghal, Head, Collection &
Recoveries, Emirates National Bank
Of Dubai
Q: Could you please tell us briefly about
yourself?
A: I was born and brought up in New Delhi, did my masters
from Fore School of Management and started my professional
career in New Delhi worked with several banks and institu-
tions like HSBC, Barclays, American Express and Standard
Chartered mostly as risk analyst.
Q: What are some of the major differences that you would like to highlight in terms of customer that you serve in UAE
and in India?
A: UAE is a country with more than 170 nationalities and therefore banking is the “heart” of this set of nationality. From the
retail banking perspective we need to cater to their requirement keeping in mind the cultural background and the cultural mix
as well. Similarly the recruitment of staff also has to face this challenge which you don’t see in India to a large extent, though
there also you have employees from all regions of the country and with different cultural background but they do not have that
diverse cultural shift which is required to serve the customers in UAE.
Q: What are the differences you see in policy decision for a banking firm in UAE and other countries?
A: Since this question is very technical, therefore I would tell you about policy decision making models of different countries
and UAE as well. The policies are made by the central banks of the respective countries:
 Bank of England’s committee structure follows best practice: it has a clear goal, it is made up of diverse members and it is
not too big. Also individual contributions can be identified and evaluated, and its members are encouraged to think for
themselves. And one very interesting fact is that, in 2005 the governor lost a vote which indicates that the governor’s posi-
tion is not dominating in the committee.
 Whereas in Bank of Canada, individual contributions are not identified and there are no outside members in the committee.
On the positive side board members receive advice from a group of senior advisors, who are encouraged to think inde-
pendently.
 It’s very interesting to know that The Central Bank of Czech Republic makes it possible to identify individual contributions
with a “6 year DELAY”.
 At Bank of Israel four different departments have to prepare recommendations before meeting independently. This
makes each department to conduct its own analysis which counters groupthink.
 Now coming back to the policy decision of banks in UAE: the board of directors of Central Bank of UAE decides the
maximum amount of discounts, loans and advances that may be granted by any bank, even the maximum amount that
can be lent to a person is decided by the Central Bank depending on his/her assets. The interest rates to be paid to the
customers and also the rate of interest to be collected is decided by Central Bank. Interestingly, the minimum required
margins to be deposited in cash by bank customers to cover the opening of documentary credits is also decided by the
Central Bank. CENTRAL BANK of UAE has no clear set target, the meetings are headed by the Governor and every
individual recommendation is taken into consideration.
Q: How do you see the role of a financial institution like BANKS in development of a nation’s economy? Is it different
in UAE?
A: Disclosing policy issues is a little difficult but overall the role of financial institutions is specific to the developmental issues
with respect to the different Emirates of UAE. For instance trade policies would be more focused for Dubai whereas Abu Dha-
bhi would have other industries (including oil based industries) also as central to policy framework.
Q: What advice do you have for an Indian student who’s willing to work in an international environment like UAE?
A: Yes certainly if a student does specific degrees and diplomas that give specializations in accounts and finance would open
up good opportunities for them here. However, it certainly takes a while to learn the specific rules of the game for the banking
industry here and adapting culturally also is crucial.

7. DOMAIN AND INFRASTRUCTURE
INDIAN GAS TRANSMISSION INFRASTUCTURE: IS SOMETHING ROTTEN?
By Architt Agarwal (MBA ET)
The Indian economy, with steep economic growth, has positioned itself as one of the fastest growing economies of the world. In the long
run, India in order to match the CAGR (compound annual growth rate) of 7-8% p.a., needs uninterrupted clean fuel supplies. In the same
context, according to 12 -13 fifth year “Plan Document”, natural gas share in energy basket of the country will increase to 20% from cur-
rent 10%. This will result subsequently in increase of imports of natural gas by more than 100%, in the following 15 years. However, the
major question that arises here is “is our gas transmission and distribution infrastructure ready to meet the emerging loads?”
India has relatively under- developed, north-western based transmission infrastructure with 15,283 km of natural gas pipeline. GAIL, who
has the world’s longest exclusive LPG pipeline infrastructure and being the quasi-monopoly operator has 70% share. 20% share is under
State players like Assam Gas Company (AGC) and Gujarat State Petroleum Corporation Limited (GSPCL). A remarkable milestone that
took place in this sector was in 2006 when it was opened up for private players. Currently Reliance Gas Transportation Infrastructure
Limited (RGTIL) has a share of about 9% of the total pipeline and rest 1% of share lies with National Oil Companies (NOC) like ONGC
and IOCL. These networks of pipeline are proposed for expansion to 28,000 km in next 5-6 years. Currently India has 2 LNG terminals
which are operational and running with their 100% capacity of 13.75 mmtpa. This is proposed for expansion to a capacity of 20 mmtpa
by FY14. About 10 new LNG terminals are planned/ under construction with the capacity of 50 mmtpa.
Even after implementation of proposed infrastructure, the supply deficits of the natural gas will be a major concern for the industry. One
of the main reasons behind it will be the lack of infrastructure for gas distribution. If we have a look at the current policy for development
of gas pipeline or a distribution network, the important and a favorable clause is that it is mandatory to seek approval form the PNGRB
and it is granted only if the design capacity is at least 33% more than capacity required for the entity. This 33% of the capacity shall be
available for use to other entities of the gas industry on common carrier basis via open access method which would be on non-
discriminatory basis and the rate of transportation will be set by the board (PNGRB). Another important restriction is related to the period
and time of laying, building, operating or expanding of the gas pipeline which purely depends upon the board decision. Central govern-
ment may suggest the board to invite applications from the interested parties. So, if an entity wishes to invest in gas midstream sector, it
would have to wait for the invitation of application from the board or suggestion from the central government.
In order to support gas dependency of the country or to have a step ahead in greener fuels, the expansion of transmission infrastructure is
required. Similarly to other energy projects, land acquisition is identified as a major barrier for gas infrastructure; some of them include
forest and other nation wealth reduction. There have been significant steps taken by government to increase investment in the sector in
past by introducing FDI to 100%, setting up the Gas Regulatory Board (GRB) which consists of the representation from major companies
operating in Indian Gas sector like ONGC, RIL, IOCL, AGC, IGL etc., to give their demands a voice in the decision framework of the
board.
However, a proactive enabling environment is required for paced development of natural gas infrastructure. This would include providing
a policy support and the current signal pricing for investment in the sector, which can be done by introduction of reforms in the present
set of rules and regulations for the adoption of changes, and making them vigorous and addressing the warping in the fiscal conditions
applicable for the sector of natural gas. In spite of all the efforts made by various regulators, board and central government, there is still a
need for amendments in the policies for promotion of investment and accelerating the growth of the supplied quantities of natural gas.
Firstly, the open access of the pipeline should be increased to 50% from present 33%. Secondly, the transportation rate which is present-
ly regulated by the central government should be relaxed and should be left on companies operating the pipeline, provided the upper limit
of the transportation rate is decided by board to have a regulatory framework. Thirdly, an integrated approach of construction of LNG
terminals by the entities who wish to lay pipeline would help in all round development of the gas mid-stream industry. Lastly, introduc-
tion of gas grid connectivity can be a healthy solution for not only harmonizing the operations but also to provide an inter-connectivity of
different gas pipelines. While India is slowly emerging as one of the major natural gas markets of future, there is a significant need for all
round development in LNG terminals and gas pipeline. This should go in line with a comprehensive set of technical and safety standards
that are required for operational compatibility.
Dear ‘Pulse’ readers,
‘CoMES Pulse’ invites write-ups on issues pertaining to ‘Energy’, ‘Infrastructure’, and ‘Transportation’ (EIT) for its next issue.
Also, any interesting or unique ideas in the EIT sector that can make a difference to our country and the state of Uttarakhand are a
welcome. Innovative ideas will be published under the column ‘I have an idea’ in ‘Pulse’. Please do mention your name, batch, and
email id along with your submissions.
You can send in your articles /ideas on: cmespulse.info@gmail.com
Join Pulse!
Students who have a flair for writing and journalism may send in their resume with their photograph and mobile number at:
cmespulse.info@gmail.com

8. DOMAIN AND INFRASTRUCTURE
AIR SHOW
by Vidushi Mehrotra, M.B.A.(AVM)
The visit to the India Aviation 2014 was much awaited by the students of M.B.A. &
B.B.A. Aviation management. It was organized by the Ministry of Civil Aviation and the
FICCI and was held from the 12th to 16th of March.
After various security clearances students were welcomed onto the tarmac by the magnifi-
cent New Large Aircraft that the world was talking about, the Airbus 380, brought to In-
dia by Emirates. Not too far away was Air India's Dreamliner, the Boeing 787.
Apart from these two prominent displays, there were a number of business jets from man-
ufacturers like Dassault and Embrarer and microlight training aircrafts on display. The exhibition had about 350 stalls comprising
of national and international aviation businesses and organizations as well as representatives from the different states of the coun-
try. The exhibition was an eye opener & students realized that there was more to this industry than what they ever imagined. The
Rolls Royce stall displayed a prototype jet engine which would have lower emission levels and capable of running on bio fuels.
The HAL stall displayed models of multi role aircrafts and helicopters designed by them for general and military aviation. The
Boeing and Airbus stalls displayed models of their various aircrafts and focused on efficient designing and future aircrafts. (check
for more stalls on website).
Our visit concluded on a high with an aerobatic display by a British aerobatic team in A-berth aircrafts that displayed a number of
gravity-defying maneuvers that left the crowd awestruck. The India Aviation Airshow was a great learning experience and from a
student's perspective, the event gave us an insight into the various career prospective in the aviation industry.
TRIAL ROOM
by Ravish Sundriyal, BBA Automarketing
Retail outlets of Lifestyle giants like Nike, Puma, Adidas, UCB and many others have become just a trial room now days. Yes,
because people nowadays visit these showrooms just to see colours, check sizes and try the apparels or any other product and
come back home without buying.
You might be wondering, why? Why don’t they buy the products? It has a very simple answer which we all know very well.
“Myntra.com, Jabong.com, zovi.com, Bestylish.com are some of the major online businesses that answer the above two questions.
Today people just go and try out the products in the retail outlets, come back home and order the same product on these online
shopping websites which provides attractive offers. Discounts are one of the major motivations through which these companies
are able to attract the customers.
Recently on a festive season these online stores were offering a huge discount of flat 40% on various products of companies like
Puma, Nike and Adidas. This trend not only has hampered the sales of retail outlets but has also given an opportunity to online
businesses in India to bring a new revolution in the cyber world. In a country like India where “BRANDS” plays an important
role in the minds of youth, Click companies are enjoying huge profits today.
So if you like a pair of Nike shoes in the Nike Store near your house always try finding it online, you may get the same product
with a better deal. And yes do not forget to try it in the “TRIAL ROOM”.
AMAZING FACTS
 The American Society of Civil Engineers has given America's crumbling
infrastructure an overall grade of D.
 It is being projected that Americans will spend an average of 160
hours stuck in traffic annually by the year 2035.
 It is estimated that rolling blackouts and inefficiencies in the U.S. electrical
grid cost the U.S. economy approximately 80 billion dollars a year.
Source: theeconomiccollapseblog.com
A woman dries cassava paste by a natural
gas flare in Nigeria. Millions of people in
Nigeria lack access to modern energy,
even though the African nation is a major
oil producer.
Source: National Geographic
 Refrigerators in the U.S. consume about the same energy as 25 large power
plants produce each year.
 Enough sunlight reaches the earth’s surface each minute to satisfy the
world’s energy demands—for an entire year.
 The amount of energy Americans use doubles every 20 years.
 According to Google, the energy it takes to conduct 100 searches on its site
is equivalent to a 60-watt light bulb burning for 28 minutes.
Source: fact.randomhistory.com

9. FROM THE
It has been a yet another eventful year for our College of Management and Economic Studies with the campus abuzz with vari-
ous kinds of activities. This includes passing out of the current batch- I wish them the best after their convocation in May end-
and the junior batch preparing well for the incoming Summer Internship Project (SIP). M3 pumps the college with a lot of ex-
citement with fresh batch of students joining the campus. The challenge of successfully holding the next MDPs and guiding
PhD scholars is a continuous activity for the faculty. And - to cap it all - the preparation to move to the new campus at Kandoli
in August end (tentatively) is something the entire college is looking forward to. ‘Pulse’ has done well to present the kaleido-
scope of all such events and activities in this as well in its previous issue. I hope that as we move forward with many more new
ventures, partnerships, and zestful activities in the current academic year ‘Pulse’ will capture all of it as vibrantly as it has done
in the past and keep its readers waiting to catch up with developments at CoMES through the next issue of ‘CoMES Pulse’.
Dr. Anirban Sengupta
Dean, CoMES
FINANCING INFRASTRUCTURE DEVELOPMENT PROJECTS IN INDIA
Physical infrastructure plays an important role in the growth and development of an economy. For better and adequate
infrastructure availability in our country, there need a persistent effort to relook the issues of budgetary allocation, fiscal
incentives, private sector participation and public private partnerships to ensure that required infrastructure development
takes place. The public sector is expected to continue to play an important role in building transport infrastructure along
with health and education. However, our past experience shows that we can assume a maximum of 50 per cent of the
resources needed from public sector to meet the finances of infrastructure development. Another 50 per cent of resources
are much larger and is a challenge for the private sector to invest in infrastructure sector. Therefore, public investment
will have to be supplemented by private sector investments, in Public Private Partnership (PPP) mode. This strategy was
seen in the 11th
FYP with substantial results. PPPs imply efficiency gains, efficient use of resources, availability of mod-
ern technology and better project design along with faster implementation, reduced lifecycle costs and more optimal risk
allocation. The Government of India is taking various steps like signing agreement with ADB and other agencies to en-
courage private sector participation in infrastructure investment. Fiscal support will continue to be dominant for infra-
structure development in India but equally important would be the enabling policies that could lead to encourage private
participation in infrastructure sector.
Prof. Anshuman Gupta
Professor and HOD
Department of Economics and
International Business, UPES
Dr. Narendra Nath Dalei
Assistant Professor-Senior Scale
Department of Economics and
International Business
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DOMAIN AND INFRASTRUCTURE

10. CLUBS & FORUMS
BBA Students encouraging primary school children during the
CSR activity in May 2014
CSR ACTIVITY
Under the leadership of Dr. Mandira Agarwal and the co-
ordination of Dr. Ankur Kumar Rastogi, a Community
Services Event-3 of CoMES was organized with the stu-
dents of BBA-IV SEM (AM, LSCM, OG & AVO) on
April 5, 2014 at primary schools in Pondha, Bidholi,
Bishanpur, Upper Kandoli and Doonga near UPES, Deh-
radun. Children of the schools participated and showed
their talent in singing, dancing and poem recitation com-
petition with great zeal. UPES students also interacted and
played various educational games with the children.
UDAAN
Udaan- giving wings to your ideas is a fo-
rum created by the students of MBA Avia-
tion Management, UPES. The objective of
creating such forum was to provide practi-
cal awareness and network by organizing
events, managing e magazine- “Vayu-Veg”,
online presence on social platforms etc.
There are high dreams for the forum such
as to take the forum outside the campus and
make it a national one (international, if pos-
sible). Events like flash mob, weekly quiz,
and expert talk are on the cards.
'GEMS' is a forum for
student activity and develop-
ment conceptualized by under-
graduate college of manage-
ment, UPES. GEMS, has given
the pathway to the students for
their development which aims
to highlight student work, tal-
ent, and their creative skills and
enhance their learning capabili-
ties and motivate them further. GEMS organized a quiz
event “Will win for you!” was successfully organized by
GEMS Team in the Annual Technical Fest Ignite’14 of
University of Petroleum & Energy Studies, Dehradun on
22nd Feb, 2014.
Dr. Anirban Sengupta, Dean, CMES, UPES & Gen. (Dr.)
S.P.S. Narang, Associate Dean, CMES had graced the
event. At the end of the quiz Dr. Anirban Sengupta ques-
tioned the students- How should Reliance position itself in
the retail sector? Correct answer to the question meant
winning ‘Dinner with Dean’ on the same day. Mr. Vishal
Rajput, student of BBA (Oil & Gas) Semester-IV an-
swered the question and had the privilege of having a lav-
ish dinner with the Dean.
IGNITE- 2014, the university’s third techno-legal-
management fest, held in Feb 20-22 aimed at building a platform to
bring students of all domains under a single umbrella to work, learn
and grow together. With various activity based competitions, de-
bates, paper presentations, seminars and lectures by resident faculty
and visiting speakers, the festival aimed to reinvent and showcase the
engineering, legal and management acumen of the students. Dr.
Jayesh Bellari, from IIT Mumbai presided as the chief guest. The fest
saw participation from over 300 students from all across India. There
were other various energizing events such as Feel the Field, Quin-
nite, National Parliamentary Debate etc. CoMES had over 20 events
namely Best CEO, Tech Run, Financial Statement Analysis, Dalal
Street etc. GEMS, a CoMES forum also organized a quiz – Will Win
For You-a quiz.
JIGYASA
Thequest for curiosity
Jigyasa Club, a Techno Managerial
Club is formed by M.B.A. students.
The club organized various competi-
tive activities like case study competi-
tions, white paper contest, business
proposals, quizzes, debates etc. in
academic year 2013-14.

11. UPES MAKES US PROUD
PATH BLAZERS
1. Priyadarshini Majundar
MBA (OG)
KPMG
2. Jaskaran Singh Saini
MBA (IFM)
Wipro
3. Jyoti Sharma
MBA (AVM)
AirAsia Ltd.
4. Tanmay Suryavanshi
MBA (PM)
Beroe Inc.
5. Kumaran Palanisamy
MBA (PSM)
Maersk Global
6. Harshita Anand
MBA (LSCM),
Accenture Ltd.
7. Amber Vasudeo Behre
MBA (ET)
Wipro
8. Gurpreet Singh
MBA (IB)
Dexler Holdings Pvt. Ltd.
CoMES Pulse Team
Editor-in-chief Executive Editors Copy Editors Design Team
Mr. Sunil Barthwal Dr. A.K. Jain, Associate Porf, Dept. of Marketing Mr. Saurabh Sahni Mr. Chandan Kumar
Asst. Prof. (SG) Associate Prof. , Dept. of Marketing Ms. Charlene Samuel
Dept. of Marketing Dr. Sheetal Khanka, Asst. Prof. (SG), Dept. of HR Ms. Neha Taneja
Ms. Debika Chakraborty
SUMMER INTERNSHIPS
MBA/BBA AVM
 Centre for Asia Pacific Aviation
 Virgin Atlantic
 Lufthansa Cargo
 Make My Trip
 Business Aircraft Operators As-
sociation
MBA PSM
 Singapore Lead Edge Logistics
 Jindal Shadheed (Oman)
 Gateway Rail
 Adani
MBA/ BBA O&G
 Mott MacDonald Pvt. Ltd.
 AF Mercados EMI
 Cairn India
 HPCL
 IOCL
 Navitas Resources
 CB & I India Pvt. Ltd
MBA ET
 ChemoilAdani
 GI Bunkering
 Jindal Steel Works
MBA ISM
 Jindal Power Ltd.
 Efarm
BBA Automarketing
 Big Boy Toyz
 Mahindra First Choice
MBA IB
 Dexter Consultancy Ltd.
 Godrej
MBA/ BBA LSCM
 Britannia Industries
 Panalpina World transporta-
tion India Ltd.
 ITC Wills Lifestyle
 Carrier Air Condition
MBA PM
 BSES Rajdhani Power Ltd.
 TATA Power Company
 POSOCO
MBA IFM
 Instititute of Urban Transpor-
tation
 Voyants Solution Pvt. Ltd.
Company Number of students
Markets and Markets 54
Air India Sats 46
Global Data 16
Accenture India 2
Total Oil 4
Maersk Global Service Centers India Pvt.
Ltd.
1
Earth India Infra 5
Albatross Inland Ports Pvt. Ltd. 3
Castrol India 4
L & T Infotech 9
Mott Macdonald 4
Transocean Shipping Ventures Private Ltd. 2
Indian Energy Exchange 3
Evalueserve 10
PLACEMENTS (till April’14)

12. DOMAIN CROSSWORD
Across
1. Suggests that speed and aggressiveness of the
moves and countermoves create an environment in
which advantages are rapidly created and eroded.
2. A charge that is created to compensate for delay.
3. A method of trading a commodity in which trader
attempts profit from differences in price between 2
or more markets.
4. The ability to control large amounts of an under-
lying variable for a small initial investment.
5. Abbreviation for a trade association for world’s
airlines.
6. One nautical Mile.
7. A contractual agreement for use of an asset.
8. The process of a transportation vehicle returning
from the original destination point to the point of
origin.
9. Strategy where organization limits its scope to a
market segment and tailors its offerings to that
group of customers using either cost or differentia-
tion.
10. A window that showcases leadership disclosure
and feedback model
Down
1. A carrier's ability to provide service between an
origin and a destination.
2. Commodity maintained at the constraint, conver-
gent points (with a constraint part), divergent points,
and shipping points.
3. Self contained functional units.
4. The plan an organization uses in providing infor-
mation services.
5. A rate that is applied broadly over different arti-
cles or entities.
6. Man who loads Ships.
7. A generic term for increasing the amount of
crude oil that can be extracted from an oil field.
8. Supports the crown block.
9. An extremely small market segment.
10. A group of companies that agree to cooperate
rather than compete, in producing a product or ser-
vice. Thus limiting or regulating competition.
11. A rapid advance in future prices.
Solutions for this crossword can be mailed at
cmespulse.info@gmail.com. Solution would be pub-
lished in the next issue of CoMES Pulse along