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IIT-Delhi alumnus Soumitra Dutta to be Dean of Cornell’s new business school
Washington: The Indian Institute of Technology-Delhi alumnus Soumitra Dutta is all set to be appointed as the dean of Cornell University’s new integrated College of Business during the 2016-17 academic year.
Dutta currently is dean and professor of management and organizations in the Samuel Curtis Johnson Graduate School of Management at Cornell University.
He is considered an authority on the impact of new technology on the business world, especially social media and social networking, and on strategies for driving growth and innovation by embracing the digital economy.
The Ithaca, New York based Ivy League institution announced that the new college was aimed at cementing the university’s position as a world-class centre of teaching and research for business management and entrepreneurship.
The new College of Business will comprise Cornell’s three accredited business programmes: the School of Hotel Administration (SHA), the Charles H. Dyson School of Applied Economics and Management, and the Samuel Curtis Johnson Graduate School of Management.
Each school will maintain its unique identity and mission, while their collective capabilities will be strengthened by bringing together faculty, curricular offerings, and programmes within a cohesive College.
The establishment of the College, through a change in the niversity’s bylaws, was unanimously approved by the Cornell Board of Trustees at its meeting on January 30.
The Cornell College of Business will be one of the most comprehensive business schools in the US with 145 research faculty and nearly 2,900 undergraduate, professional, and graduate students.
“At the heart of Cornell is a mission to apply knowledge for public purpose and educate the next generation of professionals and entrepreneurs to solve some of the world’s major challenges,” said President Elizabeth Garrett.
“Being able to leverage Dyson’s strength in international development and agricultural economics, SHA’s expertise in hospitality, entrepreneurship, and real estate (through the Baker Programme in Real Estate), and Johnson’s depth in economics, finance, and executive training will naturally lead to a College of Business that stands out for its unparalleled breadth of instructional excellence,” said Dutta.
“A more prominent and collaborative platform will elevate opportunities for faculty to conduct innovative research and be at the forefront of their fields.”
“Bringing together Cornell’s three business schools will also establish an effective administrative structure that will be immensely beneficial to the University’s ability to continue to attract the best and brightest faculty and students,” Dutta said.
Dutta has earlier served as the Roland Berger Chaired Professor of Business and Technology and was the founder and academic director of the eLab at INSEAD, a top-ranked graduate business school in Fontainebleau, France.
Previous roles Dutta has held during his 23-year tenure at INSEAD include dean of external relations; dean of executive education; and dean of technology and e-learning.
Dutta received a B.Tech in electrical engineering and computer science from the Indian Institute of Technology-Delhi.
He received an MS in business administration, an MS in computer science, and a PhD in computer science from the University of California at Berkeley.
The State Scores Extra High on Gaming-Friendly Industry Index
Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.
The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports
Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.
All for the Tourists
The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.
“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.
To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.
Meghalaya Reaches Out to a Vast Market
With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.
Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).
Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.
Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.
Local Citizens will Still have Their Teer Betting
Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.
Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.
The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.
If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.
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