Noida Supertech case: Yogi orders SIT to probe role of officials

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Lucknow, Sep 2 | Uttar Pradesh Chief Minister Yogi Adityanath has ordered the setting up of a special investigating team (SIT) to probe the collusion between the Noida authority and the real estate company Supertech for the illegal construction of two 40- storey twin towers in Noida.

According to the government spokesman, “Chief minister Yogi Adityanath has directed to form an SIT at the government level immediately for investigation in Noida’s twin towers case. Instructions have been given to fix the accountability of officers who were associated with this case from 2004 to 2017.”

He added that the SIT has been ordered to take a time-bound action.

The chief minister had said on Wednesday that strict action will be taken against the guilty officials in the Noida twin towers case.

The development came after the Supreme Court on Tuesday upheld the Allahabad High Court’s verdict that had ordered the demolition of two 40-storey twin towers — Tower Apex and Tower Ceyane in Noida.

A judgement passed by the two-judge bench of the apex court comprising Justice D.Y. Chandrachud and Justice M.R. Shah, said that the construction was illegal and the result of collusion between the Noida authority and the real estate company, Supertech.

The Supreme Court directed the real estate developer Supertech to refund the money of flat owners concerned with a 12 per cent rate of interest within two months.

“Within 2 months, all the amount invested by the allotted flat owners is to be refunded by the petitioner (Supertech),” the court said in its judgement.

The Allahabad High Court had on April 11, 2014 passed the judgement, ordering the demolition of the two 40-storey twin towers.

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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