Antiguan Cabinet prefers Choksi is sent directly to India from Dominica

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New Delhi, June 3 | As a Dominican High Court is all set to hear the habeas corpus plea of Indian fugitive businessman Mehul Choksi, who is wanted in the Rs 13,500 crore Punjab National Bank fraud case, the Antiguan Cabinet on Thursday discussed that the diamantaire is now a problem of Dominica and if he is sent to Antigua he will become Antigua’s problem.

The Antiguan Cabinet under Prime Minister Gaston Browne said that the cabinet prefers that Choksi is sent directly to India from Dominica.

According to Antigua News Room, a news outlet in the Caribbean Island, the Antigua Cabinet held a discussion on the Choksi matter, awaiting the decision of the High Court of Dominica.

It said that Choksi remains in Dominica and has been charged with entering illegally. He will return to Court later on Thursday to answer to the charge.

“Local law enforcement officials continue to gather intelligence in investigation of the circumstances of Choksi’s departure from Antigua,” it said.

It noted that Choksi claims he was abducted.

“Choksi has become Dominica’s problem at this time. If he finds himself in Antigua, the problem reverts to Antigua and Barbuda. The preference of the Cabinet of Antigua and Barbuda is for Choksi to be repatriated to India from Dominica,” it added.

On Wednesday, Choksi pleaded not guilty to illegal entry at his court appearance and was denied bail.

Choksi appeared before the magistrate on a wheelchair wearing a blue T-shirt and black pants.

According to Dominica News Online, a news outlet in the Caribbean island, the Magistrate’s court in Dominica has denied bail to Choksi after the government prosecutor argued that he is facing 11 offences in India and extradition proceedings in Antigua and could be a flight risk.

The magistrate has adjourned the matter to June 14.

The 62-year-old is wanted by the CBI and the ED in the Rs 13,500 crore Punjab National Bank fraud case. He left India in January 2018, days before the CBI registered a case.

Choksi had gone missing from Antigua on May 23 sparking a massive manhunt. He was captured in Dominica on May 26.

On Tuesday, Choksi had told an Indian news outlet that he was abducted by Indian agents and was given a shock with a Taser gun whenever he resisted. He also alleged that he was beaten up by the officials.

On May 27, first pictures of Choksi emerged online, showing several signs of bruises on his arms and a swollen eye.

“Choksi was forced to get into a vessel from Antigua and was taken to Dominica,” Choksi’s counsel Agarwal had told IANS. He also claimed that there were marks on Choksi’s body, implying the use of force.

“There is something fishy and I guess it was a strategy to take him to another place so that there are chances of sending him back to India. So I don’t know what forces are operating. Time will tell,” he had said.

However, Antigua Police Commissioner Atlee Rodney has dismissed the claims of Choksi’s counsel and said that they have no information on him being forcefully removed. An eight-member team of Indian officials has also landed in Dominica on a private jet for the extradition of Choksi.

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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