Fuel prices rise again across the country; petrol costs Rs 102/ltr in Mumbai

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New Delhi, June 11 | The common man continues to face the heat from rising fuel prices as oil marketing companies once again decided to pass on the rise in global oil rates to consumers on Friday.

Accordingly, retail price of petrol and diesel got dearer by 29 paisa per litre and 28 paisa per litre to touch new high of Rs 95.85 and Rs 86.75 per litre respectively in Delhi.

In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 102.04 per litre on Friday.

Diesel prices also increased in the city to reach Rs 94.15 a litre, the highest among metros.

Across the country as well petrol and diesel prices increased between 26-32 paisa per litre on Friday but its retail prices varied depending on the level of local taxes in different states.

Sri Ganganagar, a small city in northernmost part of Rajasthan near the India-Pakistan border is all set to get the dubious distinction of becoming the first city in the country where retail prices of both both auto fuels – petrol and diesel – will be hitting the century mark.

The city already has the distinction of having the highest pump price of petrol across the country at Rs 106.95 a litre. With diesel prices now increasing there by another 30 paisa per litre on Friday to reach Rs 99.81 a litre, the city is just a day away to hit a century mark for this fuel class as well.

Elsewhere in Rajasthan, especially towns near the border areas, diesel is expected to touch Rs 100 mark in a day. So, will be the case in a few places in Madhya Pradesh, Maharashtra, Telangana, Tamil Nadu, Andhra Pradesh, Karnataka and Bihar, where by virtue of higher VAT rates, fuel prices are always much higher than rest of the country. Premium fuels are already above Rs 100 mark in several cities for past few months.

With Friday’s price hike, fuel prices have now increased on 22 days and remained unchanged on 20 days since May 1. The 22 increases has taken up petrol prices by Rs 5.45 per litre in Delhi. Similarly, diesel have increased by Rs 6.03 per litre in the national capital.

With global crude prices also rising on a pick up demand and depleting inventories of worlds largest fuel guzzler – US, retail prices of fuel in India is expected to firm up further in coming days.

The benchmark Brent crude is currently at $ 72.23 on ICE or Intercontinental Exchange .

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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