Indian-origin family hailed for returning lost $1mn lottery ticket

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New York, May 25 | An Indian-origin family that owns a store in Massachusetts is being hailed for their honesty for returning a $1 million lottery ticket to the woman who had bought it because their elders in India advised them, “we don’t want that money”.

“I was a millionaire for a night,” the owner’s son Abhi Shah, who discovered the winning ticket, joked as he recounted his brief Midas touch, WBZ TV reported on Monday.

Although he had thought of buying a Tesla car, he decided to return the ticket to Leas Rose Fiega, who had bought the ticket from his mother Aruna Shah.

“Who does that? They’re great people. I am beyond blessed,” Fiega told Salem News.

Maunish Shah, who owns the Lucky Spot store in Springfield, Massachusetts, told WWLP TV that after the ticket was found, “we didn’t sleep two nights”.

But they decided to consult his parents in India.

Abhi Shah told WBZ: “My grandmother said, ‘let’s not keep the ticket. It’s not right. Just give it back to them. If it’s in your luck, you’ll get it anyhow’.”

So he went to locate her.

“He came to my office and said, ‘my mom and dad would like to see you’. I said, ‘I’m working’, and he said, ‘no you have to come over’. So I went over there and that’s when they told me. I was in total disbelief. I cried, I hugged them,” Fiega told Salem News.

Maunish Shah said: “I handed her the $1 million ticket and she freaked out and cried like a baby. She sat down on the floor right here.”

The Massachusetts State Lottery’s Diamond Millions tickets have squares with numbers that are hidden and when the coverings are scratched off they reveal the numbers that could be the winning combination.

But Fiega had not scratched the squares properly.

“I was in a hurry on lunch break, and just scratched it real quick, and looked at it, and it didn’t look like a winner, so I handed it over to them to throw away,” Fiega, who had purchased the ticket from Abhi Shah’s mother, told Salem News.

Abhi Sahh told WWLP: “One evening, I was going through the tickets from the trash and (noticed) that she didn’t scratch the (right) number. I scratched the number and it was $1 million underneath.”

Congratulatory messages and praise have flooded the Shah family.

A customer told WBZ: “They’re just purely good people. You can tell by just talking to them.”

WBZ reported that the family “is fielding congratulatory calls and interview requests from across the country”.

Abhi told the station that “i I had kept that million, I wouldn’t have been this famous. So I’m glad I gave it back”.

WBZ concluded: “He could have bought a lot of things with that money, but it would have cost him his soul.”

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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