Policy Making Institutional Academia interactions along with policy implementing industry academia training and consulting showcases a higher education institute’s entry into the maturity phase of its learning curve. SRCC is at the cusp of this curve by entering into the domain of training and consulting provided to both policy making institutions as well as policy implementing stakeholders. SRCC as a premier Institution has significant collaborations with Indian Corporate Law Services (ICLS Academy), Ministry of Corporate Affairs; Reserve Bank of India (RBI Academy); and Competition Commission of India (CCI), Government of India to share expertise towards greater industry-institutions-academia interface.
Reserve Bank of India
SRCC has achieved the twin distinction of not only conducting two consecutive training programs for the middle level and senior officers of India's premier financial institution, The Reserve Bank of India, but also scoring extremely high on assessment from the participants (with a score of 4.5 and above out of maximum 5) with respect to the content and delivery of training sessions in the domain of " Fundamentals of Microeconomics". The college faculty while conducting these training sessions have not only imparted clarity to the participants in understanding the fundamentals of microeconomics but have also showcased with the help of real-life case studies how these concepts of microeconomics are applied and implemented both at the firm level and industry level. This helps the policy makers to grasp how their macro polices impact micro level stakeholders.
The first training program was conducted from April 22 to 26, 2019 at Mumbai in person by three senior faculty members at RBI Academy in Mumbai. The second training program was conducted from November 02-06, 2020 and November 23-27, 2020 respectively in virtual mode by senior faculty members of SRCC.The appreciation received from RBI Academy is encapsulated in the following comment:
"The participants have given excellent feedback on the presentations, content, relevance and effectiveness of the programme". This achievement of SRCC reinforces its unflinching commitment to its vision of sharing and delivering excellence in education, training and consulting to our stakeholders and moving towards being a “college of global choice.”
The Institution has also successfully been imparting training to the Trainee Officers of Indian Corporate Law Service and its subordinate cadres, in pursuance of an MOU between SRCC and ICLS Academy, Ministry of Corporate Affairs, Government of India. The College conducts training programmes in various subjects such as Introductory Accounting, Advanced Accountancy, Advanced Auditing, Corporate Finance and Corporate Valuation, Financial Derivatives and their Accounting, etc to equip the Trainee Officers with the conceptual and practical knowledge as well as necessary skill set. The training is imparted at Indian Corporate Law Service (ICLS), Academy, Manesar, Haryana, The College has been imparting training for the last three years with an excellent feedback and appreciation from both the participants as well as the administration of the Academy. A number of College faculty members are involved in imparting training which is fully focused on providing real-life experience and feel of the subjects such that when these Trainee Officers carry out their duties, they do not feel constrained for want of theoretical-conceptual knowledge and practical skills. Starting 2019, three training programmes have been conducted for Trainee Officers of Indian Corporate Law Service and one for subordinate cadres, who were promotees and were to be prepared for assuming duties of greater responsibility in their next level of hierarchy.
Competition Commission of India
The College has Successfully completed and submitted the Draft Research Project report to Competition Commission of India (CCI) under the Principal Investigator, Prof. Simrit Kaur, Principal, SRCC for the research project titled, “Competition and Regulatory Issues related to the Taxi and Cab Aggregator Industry: With special reference to Surge Pricing and Algorithmic Collusion in the Indian Context”.
The objective of the study has been to analyse competition and regulatory issues pertaining to online Cab Aggregators (CAs), with special reference to the policy on ‘surge pricing’ and ‘algorithmic collusion’ across four Indian States, viz., Delhi and Mumbai (as Tier I cities), and Jaipur and Indore (as Tier II cities). In addition to expert opinions sought, primary data was collected from about 2000 customers and 200 drivers; and analysed thereafter, using statistical and econometric tools. Based upon findings, suitable policy recommendations proposed.