Rules governing the M. Sc. Programmes

  1. The two year M.Sc. Programme is spread over four semesters. All students admitted to the M.Sc. programmes shall be required to register for sixteen compulsory courses and four optional courses within two years, spread over four semesters, from the date of admission.

Course structure of 16 compulsory courses and 4 optional courses shall be standardized for all M.Sc. programs. Any additional courses offered by a student shall be treated as a Certificate Course and the student shall be required to pay the requisite fees for such Certificate Course. Consequently, the consolidated statement of marks shall display only 20 courses, and a Certificate shall be issued for additional courses/s offered by the student, if any, upon successful completion of the Course.

However, where an additional course is offered as a compulsory courses with due approval of the Board of Studies and the Academic Council, and notified accordingly, the students will not be charged extra fees.

  1. Each student shall be required to complete the programme within a maximum period of three years from the date of admission. Failure to register for required number of compulsory and optional courses during the specified time will automatically lead to termination of the student’s tenure in the programmme at the end of three years from the date of admission.
  1. At the time of admission, the student shall be required to indicate his/her preference for the optional courses, in the prescribed format.
  1. On the basis of preference of optional courses, the Institute will announce the optional courses on offer at the beginning of each semester. The choice of optional courses in the semester will be limited to those announced by the Institute. If the optional course preferred by a student is not offered in that semester, the student will be required to opt for another course on offer in that semester, in the order of preference indicated by him/her.

The optional courses will be offered subject to preference by minimum 15 students, and at the discretion of the Institute, and subject to availability of suitable faculty. However no student shall be entitled to change his preference of optional courses.

  1. Each course will be of 100 marks. Continuous internal assessment during the semester (based on periodical tests/assignments) will account for 40 marks, and the semester-end examination 60 marks.
  1. Fractional marks shall be rounded off in the case of aggregate of periodical tests and semester-end examinations.
  1. Continuous internal assessment shall comprise three periodical tests of 20 marks each (of 1 hour duration each) for every course in each semester. Of the three tests, two best performances will be counted to arrive at total periodical test marks for each course.

Attendance in 2 out of 3 periodical tests/assignments in a paper is an essential pre-requisite for eligibility to take the semester-end examination in that course. 5

Of the three periodical tests, the first and the third shall be tests, while the second examination shall be either a test or an assignment.

  1. Attendance in at least 75% of the lectures delivered in each course, including the qualifying course/s and appearance for at least two out of three periodical tests/assignments is compulsory, failing which the student shall not be allowed to appear for the semester-end examination for the courses/s. In this case, the consolidated statement of marks will carry the remark “Not Eligible” against the said course.
  1. Students of M.Sc. Part I who score marks below the threshold in Mathematics section of the Entrance Test shall be required to take course (of one semester duration) in Basic Mathematics and Statistics. Marks obtained in this course shall not be included in the total marks for award of class. However, such students shall be required to pass the qualifying examination in this course in maximum three attempts during the 1st year. Failure to pass in Basic Mathematics and Statistics will lead to termination of the student’s tenure in the programme.

The qualifying course in Basic Mathematics and Statistics shall commence immediately after the last date of admission. Examinations of 10 marks each shall be held after every 6-8 lectures. The students shall be required to pass the qualifying course with minimum 40% marks in the aggregate.

  1. The hostel admission of students who fail to fulfill the requirement of 75% attendance or answer at least two of the three tutorials/assignments in any course during any semester, is liable to be cancelled.
  1. In addition to successful completion of the prescribed number of compulsory and elective papers, it shall also be mandatory for students to obtain certification of professional agencies as may be prescribed for that programme by the Institute (for example NISM certification for students of M.Sc. (Financial Economics) and NCDEX certification for students of M.Sc. (Agribusiness Economics).

Award of Degree

For the award of the M.Sc. degree, a student shall be required to complete all the course requirements (i.e., sixteen compulsory and four optional courses) within a period of four years from the date of admission, and obtain the prescribed certification.

Performance Improvement Scheme:

A student shall be offered an opportunity to improve performance if he/she has secured minimum passing marks, but less than 60 per cent marks in an individual course only.

  1. a) A student shall be given a chance to improve his/her performance in the courses offered by him/her in each semester.
  1. b) When a student chooses to improve his/her performance in any course, he/she will be required to surrender the marks earlier obtained by him/her in the semester-end examination of that course. Thus, only the marks obtained by him/her in the improvement examination for the course shall be considered for the award of the degree, even if his/her earlier marks in the course are higher than the marks obtained by him/her in the improvement examination. The marks obtained by him/her in the internal assessment for the course shall, however, remain unchanged.
  1. c) If a student appears for the improvement examination in a course but fails in that improvement examination, he/she will not be allowed to appear again and he/she will be treated as failed.
  2. d) After registering for improvement examination in a course, if a student remains absent at the time of the improvement examination of that course for any reason, his/her earlier marks will be retained; however he/she shall not be eligible for another attempt at improvement in that course.
  3. e) In the case of a course where a student has opted for improvement, the caption ‘Improvement’ will appear in the remarks column against the said course in the consolidated statement of marks of all four semesters.
  1. Rule for Passing: A candidate must obtain minimum 40% marks in the aggregate; taking together the marks obtained in the periodical tests and the semester-end examinations, in a course, in order to pass in that course.
  2. A student shall be eligible for maximum two attempts for each course to clear the semester-end examination, i.e. the main examination, and second time as backlog. Under any circumstances the student shall not be eligible to answer the semester-end examination in a course more than two times.

Students shall appear for Backlog courses in the next immediate semester.

  1. Gracing Rule: In case a candidate fails to get an aggregate of 40 per cent marks in a course, he shall be given not more than three grace marks by the Examination Committee to enable him to pass in that course. The grace marks will be added to the marks obtained by him/her in the end semester examination. The consolidated statement of marks will carry the remark “Grace Marks” against such course, in the remarks column.
  2. Condonation: If a candidate fails only in one course, having passed in all the remaining courses, his/her deficiency of marks in that course up to a maximum of 10 marks will be condoned and these marks will be added to the concerned courses. The consolidated statement of marks will carry the remark “Condonation” against such course, in the remarks column.
  3. The provisions under Rule 14, 15 are not a matter of right of the student. The cases of grant of grace marks for passing and condonation shall be considered by the Examination Committee comprising all Professors, Associate Professors and all teachers teaching papers in that Semester. The decision of the Committee in this regard shall be final and binding.

The proposal for award of grace marks for passing and condonation shall be considered by the Examination Committee upon recommendation by the respective Course Coordinator.

Rules of Revaluation

1) Revaluation includes the process of verification. If, upon verification of marks, it is found that the marks shown in the original mark-list issued to a candidate have changed, the new marks shall be considered as original marks for the purpose of revaluation.

2) The revaluation of answer-book(s), however, shall not be permitted in respect of periodical tests/assignments.

3) A candidate shall apply for revaluation in the prescribed form to the Registrar of the Institute within three weeks from the date of declaration of the result, along with the prescribed fees per paper.

4) No application for revaluation will be entertained unless original statement of marks in the examination concerned is enclosed with the application.

5) The result of the revaluation of a candidate’s answer-book(s) shall be binding on him/her and that he/she shall accept the revised marks as final.

6) If a candidate, whose answer-book has been reassessed, becomes eligible for any prize or any other award, the same shall be granted to him/her and the award previously announced shall be cancelled. If as a result of revaluation, a candidate becomes eligible for the provision of condonation of deficiency, the same shall be given to him/her.

 Credits System for Master of Science (M.Sc.) Program

(Approved by Board of Studies on 10-9-2015 and 5-7-2016 and Academic Council on 1-10-2015 and 6-7-2016)

  1. Academic Year: Two consecutive (one odd + one even) semesters constitute one academic year.
  1. Semester: Each semester will consist of 15-18 weeks of academic work equivalent to 90 working days. The odd semester may be scheduled from July to Mid-December and even semester from Mid-December to May.
  1. Programme: The Institute offers two-year Post Graduate Programmes: Master of Science in Economics — M.Sc. (Economics), Master of Science in Financial Economics — M.Sc. (Financial Economics), Master of Science in Agribusiness Economics — M.Sc. (Agribusiness Economics) and Master of Science in International Business Economics and Finance — M.Sc. (International Business Economics and Finance)
  1. Course: Usually referred to as ‘Paper’, a course is a component of the M.Sc. programme. All courses carry equal weight. The objective of the course and learning outcomes are defined in the detailed syllabus of the programme. A course may be designed to comprise lectures/ tutorials/field work/outreach activities/vocational training/viva/seminars/term papers/ assignments/ presentations/ self-study etc. or a combination thereof.
  1. Credit: A unit by which the course work is measured. It determines the number of hours of instructions required per week. One credit is equivalent to one hour of teaching (lecture or tutorial). At GIPE all Core (compulsory) courses and Elective courses shall have 4 credits each. For each Course there will be 4 hours of teaching in a week and 60 contact hours during a semester of 15 weeks. Contact hours shall include classroom instruction, remedial teaching and time spent on all forms of continuous assessment including tutorials.
  1. Credit Based Semester System (CBSS): Under the CBSS, the requirement for awarding a degree is prescribed in terms of number of credits to be completed by the students. For M.Sc. Programmes at the Institute, the student has to complete 80 credits. All students admitted to M.Sc. programmes shall be required to register for sixteen compulsory and four elective courses. Each course shall carry 4 credits.
  1. Letter Grade: It is an index of the performance of students in a said course. Grades are denoted by letters O, A+, A, B+, B, C and F.

 Letter Grade and Grade Points: It is a numerical weight allotted to each letter grade on a 10-point scale. For M.Sc. programmes each course will be evaluated for 100 marks. Continuous internal assessment during the semester based on periodical tests/ assignment will account for 40 marks and the semester end examination 60 marks. The Institute follows absolute grading system for conversion of marks to grade, where grades are assigned as

Marks Grade Grade Point  
90 and above O (Outstanding) 10
80 to 89.9 A+ (Excellent) 9
70 to 79.9 A (Very Good) 8
60 to 69.9 B+ (Good) 7
50 to 59.9 B (Above Average) 6
40 to 49.9 C (Average) 5
Below 40 F ( Fail) 0
Absent Ab (Absent) 0
Not Eligible Ne (Not Eligible) 0
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