Visakhapatnam: all sparkling, as they say, not gold.
But the old saying did not stand when it came to the gold medal provided by the Indian Institute of Management-Visakhapatnam for his toppers.
Contains 30 grams of gold, including waste, every medal presented by IIM-Visakhapatnam costs almost Rs 1.45 lakh.
IIM-visakhapatnam is probably the only institution in Telugu States currently using pure yellow metal for medals.
The questions made by Toi revealed that most universities and institutions in Andhra Pradesh and Telangana were present only a gold medal plated for students to merit, each medal containing up to 3-4 grams of gold, the rest became copper, silver or brass.
The Iim-Visakhapatnam handed over 13 gold medals on 30 October for toppers from PGP 2018-20 and 2019-21 PGP and executive management programs.
Medals include “The Vani Row Gold Warning Medal” to secure first rank among girls.
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The 13 gold medal, with 92% purity or 22 carats, has a total agency fee of Rs 18.93 lakh.
Even though the fourth and the annual meeting of the five institutions were almost held in July, because Covid-19 Pandemic Iim-V invited the toppers to campus to receive a private medal on Saturday.
Incidentally, most of the gold medals offered by universities and other academic institutions in Andhra Pradesh or Telangana have been institutionalized by heart donors for further causes of education and research.
But of the 13 gold medals presented by IIM-Visakhapatnam on Saturday, only two gold medals (each for one academic year) was fulfilled from the revolving fund established by donors.
The remaining medal costs are borne by the institution itself.
Dr.
Brl Row, a leading scientist in the chemistry and Original Visakhapatnam, contributed Rs 2 Crore to the construction of the building on the permanent campus IIM-V.
Dr.
Row also institutionalized a gold medal with Rs 22 Lakh, which will be served every year for the MBA student topping girl.
Dr.
Row made a donation in the daughter’s memory of the late Vani Row, which was an alumnus of IIM Ahmedabad.
Speaking to Toi about a pure gold medal offered to the toppers, Director of IIM-V Prof.
M Chandrasekhar said that it was not equal directly to efforts to be included in the students.
“But their performance is pure, like gold in the medal.
IIM-V has decided to offer a pure gold medal to make students intrinsically motivated because they will become the brand ambassador of the institution after they get their title.
We procure a customized gold medal from Bangalore, “said Prof.
Chandrasekhar.
Students, who received a gold medal, were surprised when they learned that they were indeed gold and were not gold plated.
Prerna Baid, who received two gold medals from the institution, said that it was an extraordinary feeling for the gold bag medal from IIM-Visakhapatnam was also made of pure gold.
“I came to know that only a few institutions in the world use pure yellow metal for medals.
In fact, it was surprising to know that the medal contained pure gold, “said Prerna.