India’s energy demand set to rise as Covid subsides: Ind-Ra

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New Delhi, June 29 | India’s energy demand is expected to improve in July 2021, given the settling down of the second Covid wave and re-opening of commercial establishments, India Ratings and Research (Ind-Ra) said in a report.

According to the ratings agency, the demand continued to see a recovery in June 2021 on a year-on-year basis.

However, this will be below the pre-pandemic levels, due to the extension of Covid-19 restrictions, especially in southern states.

“The southern states saw only a marginal increase of 1.9 per cent YoY of energy requirement during the first 20 days of June due to strong restrictions, given the higher cases than the rest of India.”

“Overall, the all-India energy demand met during the first 20 days of June was 74.4 billion units (June 2020: 69.7 billion units; May 2019: 79.6 billion units). Given the energy deficits remaining close to nil, Ind-Ra estimates power demand to increase by 7-7.5 per cent YoY in June 2021.”

In May 2021, the all-India energy demand was higher by 7.5 per cent YoY at 110.4 billion units due to a lower base effect, however lower on a monthly basis due to the Covid-19 led restrictions put out by certain states during the month.

“The short-term power price at Indian Energy Exchange fell to Rs 2.83 per kWh in May 2021 on account of an increased gap in the demand-supply of power in the short-term of negative 4,641MUs.”

“The electricity generation increased 8 per cent YoY to 103.96 billion units in May 2021 supported by 12.8 per cent YoY growth in thermal generation. Electricity generation from renewable sources increased 10.3 per cent YoY to 14.1 billion units in May 2021, with both wind and solar generation increasing 12.4 per cent and 12.6 per cent YoY.”

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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