AICF to have digital & physical Indian Chess League

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By Venkatachari Jagannathan
Chennai, Oct 11 |
It could be a bonanza for the Indian chess players as the All India Chess Federation (AICF) is likely to have two chess leagues – physical and digital, said a senior official.

The AICF Committee that would decide on the Indian Chess League met the bidders on Sunday and viewed their presentations.

“There will be two leagues – one physical and one digital. Some of the bidders for the Indian Chess League gave their presentation on digital league. Gaming companies want to hold a digital league. The Covid-19 pandemic is still there,” Bharat Singh Chauhan, Secretary, told IANS.

Declining to share the names of the nine bidders for Indian Chess League Chauhan added: “In general the bidders had said there will be six/eight teams consisting of seven and odd players.”

“They bidders made their presentation. We have sought additional information from them like their financial strength, their budget for the league,” Naresh Sharma, Treasurer told IANS.

“Our main concern is that the Indian Chess League should be sustainable. It should be a permanent event. We want to be sure about the bidder’s financial strength and the commitment to the game,” Sharma added.

The AICF will have the ultimate control of the Indian Chess League.

“Soon we will decide on the successful bidder for the Indian Chess League,” Chauhan said.

According to Chauhan, as there will be two leagues-digital and physical- there will be two auctions and more money in the hands of the players.

“We had not said anything about the proposed league should be physical. We had left it open,” Chauhan said.

The AICF has invited the EoIs from sports marketing, management and events management companies for the proposed chess league.

According to AICF, the chess league is expected to take off in June 2022.

The Indian chess body had said that the global online chess phenomenon is growing as well as active Indian players and it is the perfect time to start a pan-India franchise-format chess league.

“Our idea is that foreign players should not constitute more than one-third of the team’s strength. And chess super Grandmasters, who have a rating of over 2,700 Elo points, should not be bought for less than Rs 30 lakh,” Chauhan had told IANS earlier.

(Venkatachari Jagannathan can be contacted at v.jagannathan@ians.in)

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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