All pending issues should be resolved at COP26: India

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New Delhi, Oct 21 | Stressing the urgency of strong climate actions, India’s Environment Minister, Bhupender Yadav on Thursday underlined the need for initiating the process of setting the long-term climate finance for post-2020 and the fulfilment of the goal of $100 billion committed by developed countries.

He was speaking at the bilateral held with European Union’s Executive Vice President, European Green Deal, Frans Timmermans, wherein both sides discussed a wide range of climate issues relating to COP26, EU-Indian climate policies and bilateral cooperation.

With regards to the upcoming COP26, the annual UN climate change conference to be held from October 31 at the UK’s Glasgow, he said: “All important pending issues such as Article 6, Common Time Frame, Enhanced Transparency Framework, etc. should be resolved mutually, taking into account national priorities and circumstances.”

Both sides acknowledged that India and the EU should work together to achieve a successful outcome of COP26 to enable full and effective implementation of the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement that was signed in 2015 by governments to work towards restricting emissions to keep the global temperature rise to 1.5 degrees Celsius compared to pre-industrial era.

Yadav also highlighted India’s ambitious climate action plans towards a green transition covering priority areas of renewable energy, sustainable transport including e-vehicles, energy efficiency, forest, and biodiversity conservation, etc, a release from the Environment, Forests and Climate Change Ministry said.

Applauding India’s leadership on climate actions, Timmermans said that the whole world is in admiration of India’s ambitious target of 450 GW of renewable energy by 2030.

Both sides may explore to further strengthen the bilateral cooperation on climate and environment, especially on ways and means which help in promoting low carbon pathways, the release said.

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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