Dubai investment in Kashmir leaves Pakistan baffled


New Delhi, Oct 21 | While the Manoj Sinha administration has scaled up the security grid across the Kashmir Valley to pin down the militants, it has also ordered immediate measures for moving the workers to safer places. Along with these local procedures of immediate nature, the government has loudly conveyed that it is not going to be cowed down under any circumstances, The Dispatch reported.

The investment agreement with the Dubai government is a clear message that economic development and building peace will go hand in hand. The timing of the investment agreement right in the middle of heightened security concerns is an evident sign of courage to defeat the elements hostile to peace, the report said.

The development has left Pakistan baffled.

Former Pakistan Ambassador to India Abdul Basit said now that the MoU has been signed, it’s clear that the matter is slipping out of Pakistan’s hands.

“We are shaking our hands and legs in the dark. We seem to have no Kashmir policy left. It’s sad. The current government’s casual approach will haunt it,” he said.

“Past governments have also contributed to the weakening Pakistan’s policy on Kashmir,” he said.

“This (signing of MoU) is a major success for India in the context of both Pakistan and Jammu and Kashmir as OIC (Organisation of Islamic Cooperation) members have always kept Pakistan’s sensibilities on Kashmir at the forefront.”

In less than 24 hours after the fresh killings of seasonal workers in Kashmir triggering a renewed wave of panic and calling into question the government strategy to handle the emerging situation, the Raj Bhavan in Srinagar had a small yet high profile ceremony formalising a rare partnership with a foreign government –the first such in case of Jammu and Kashmir.

In presence of Piyush Goyal, the Minister for Commerce, the Jammu and Kashmir government signed an agreement with the Government of Dubai for developing industrial sector and business enterprises in partnership ventures.

“Government of Dubai and the Government of Jammu Kashmir have entered into an agreement, which will help the Union Territory to scale new height in Industrialization sustainable growth. Today is an important day for the developmental journey of the UT of Jammu and Kashmir,” Lieutenant Governor Manoj Sinha tweeted after the event.

The papers were signed by Ranjan Prakash Thakur and Mohammed Ibrahim Al Shaibani representing the Government of Jammu and Kashmir and the Government of Dubai, respectively. While Thakur is Principal Secretary in the Department of Industries and Commerce in Jammu and Kashmir, Al Shaibani, is a non-royal government official, serving as director general of The Ruler’s Court, Government of Dubai, a prime government body of the Emirate of Dubai.

The agreement, whose finer business details are yet to be known, could be a game-changer in economic development but its real strength rests in the political value. The timing and the MoU, per se, makes a bold statement to the elements inimical to peace in Jammu and Kashmir and the world at large, in the particular context of the August 5, 2019, constitutional changes, the report said.

The report said reading down of the special status on August 5, 2019, means different things to different people in different circumstances but for the current Government in New Delhi it has three broader objectives: removing elements of separatism from the political environment by full constitutional integration, making the world community agree on the constitutional and political status of Jammu and Kashmir as an integral part of India and scaling up the life of people by rapid economic development.

The three elements put together could make peace and lasting stability even as a lot requires of done on building internal confidence and restoring institutions of democracy.

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  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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