N.Korea says it tested newly developed hypersonic missile

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Seoul, Sep 29 | North Korea said on Wednesday that it has conducted the first test-launch of a newly developed hypersonic missile on Tuesday that has “strategic significance” in bolstering its self-defence capabilities.

The North’s Academy of Defence Science test-fired the Hwasong-8 missile from Toyang-ri, Ryongrim County of Jagang Province, and “ascertained the stability of the engine as well as of missile fuel ampoule that has been introduced for the first time,” Yonhap news agency quoted the Korean Central News Agency (KCNA) as saying.

The fuel “ampoule” appears to be referring to a container of liquid fuel, which would reduce the preparation time for a missile launch and make the weapon ready for use almost as fast as a solid-fuel missile, compared with conventional missiles that need fuel injection before firing.

The KCNA did not mention whether the weapon is a ballistic missile, but experts said it appears be a ballistic missile using liquid fuel as indicated by its name, Hwasong. North Korea is banned from ballistic technology under UN sanctions.

“The development of this weapon system… is of great strategic significance in markedly boosting the independent power of ultra-modern defense science and technology of the country and in increasing the nation’s capabilities for self-defense in every way,” the KCNA said.

The test-launch also confirmed “the stability of the engine as well as of missile fuel ampoule that has been introduced for the first time,” with the KCNA saying the test results showed that all technical specifications satisfied its design requirements.

Other details, such as the distance and speed of the tested missile, were not disclosed.

The KCNA said that Pak Jong-chon, a member of the Presidium of the Politburo of the ruling Workers’ Party, guided the launch. Leader Kim Jong-un did not attend the firing.

Pak “noted the military significance of turning all missile fuel systems into ampoules,” the KCNA said.

This marked the North’s sixth known major weapons test so far this year and also came about two weeks after the North launched two short-range missiles into the East Sea.

Leader Kim did not attend any of the test-firings.

The test of the new weapon came amid cautious optimism created by back-to-back statements issued by the leader’s sister, Kim Yo-jong, late last week, in which she said Pyongyang could declare an end to the Korean War as suggested by the South and even discuss the possibility of a summit.

Kim, however, noted they can take place only when South Korea drops its double standards of denouncing the North’s “self-defence” weapons tests as “provocations” while beautifying its own arms buildup.

On Tuesday, South Korea’s military said that the North fired what appears to be a short-range missile eastward early in the day. The Japanese government said it appears to be a ballistic missile.

Hours later, the Seoul government convened an emergency security meeting of the National Security Council and voiced regret over the launch.

President Moon Jae-in ordered a “comprehensive analysis” of the missile launch and recent statements from the North.

Inter-Korean relations have remained in a deadlock since the no-deal summit between the US and North Korea in early 2019.

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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