Modi, Suga agree to promote defence, security cooperation

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By Arul Louis
New York, Sep 24 |
Prime Ministers Narendra Modi and Yoshihide Suga have agreed to promote defence and security cooperation between India and Japan when they met in Washington on the eve of the Quad Summit that brings together the four major democracies of the Indo-Pacific region.

A readout of their meeting on Thursday issued by India’s Ministry of External Affairs said: “They reaffirmed their commitment towards a free, open and inclusive Indo-Pacific region. They agreed to enhance bilateral security and defence cooperation, including in the area of defence equipment and technologies.”

A Japanese Foreign Ministry statement said that they “shared their strong opposition against economic coercion and unilateral attempts to change the status quo by force in the East and South China seas”, according to Kyodo News Agency.

Kyodo said that it was an allusion to “Beijing’s assertiveness in regional waters”.

During the 45-minute meeting, Suga and Modi “affirmed the importance of realising a ‘free and open’ Indo-Pacific and agreed to closely work bilaterally as well as with the Quad members to build a rules-based international order”, Kyodo quoted the Ministry statement as saying.

Modi and Suga will participate in the summit on Friday with the other two leaders of the Quad, US President Joe Biden and Australian Prime Minister Scott Morrison.

This was Suga’s first, and likely last, meeting as Prime Minister with Modi as he has announced his resignation.

The Indian Ministry’s readout that focused on the economic aspects said that “they welcomed the launch of the Supply Chain Resilience Initiative (SCRI) between India, Japan and Australia earlier this year as a collaborative mechanism to enable resilient, diversified and trustworthy supply chains”.

“Modi highlighted the need to develop bilateral partnerships in manufacturing, MSME (micro, small and medium enterprise) and skill development,” it said.

Prime Minister Suga said “that in order to operationalise the Specified Skilled workers (SSW) agreement which was signed earlier this year, the Japanese side would be undertaking skill and language tests in India from early 2022”.

The leaders reaffirmed their commitment to timely completion of the Mumbai-Ahmedabad High Speed Rail (MAHSR) project and noted the progress in bilateral developmental projects in India’s North Eastern Region under the India-Japan Act East Forum, the readout further said.

They also touched on a matter closer home to Japan: North Korea.

“Suga also conveyed to Modi that he strongly condemns North Korea’s recent test-firing of ballistic missiles into Japan’s exclusive economic zone, calling it a violation of UN Security Council resolutions,” Kyodo said citing the Japanese Foreign Ministry statement.

Suga also asked India to help find “a solution to the issue of Pyongyang’s past abduction of Japanese nationals”, it added.

(Arul Louis can be reached at arul.l@ians.in and followed @arulouis)

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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