Petrol price in Kerala crosses century mark


Thiruvananthapuram, June 24 | Yes, one litre of petrol in Kerala’s southernmost town at Parassala, bordering Tamil Nadu in the southern side has crossed Rs 100 on Thursday morning, after the day’s price went up by 26 paise and touched Rs 100.04 per litre. This is the first time in the southernmost state where the price has crossed Rs 100 a litre.

The price of one litre of petrol shot up from Rs 90 to Rs 100 a litre in just four months.

In the state capital city, one litre of petrol on Thursday costs Rs 99.27 and the reason why it costs more at Parassala is the cost of transportation.

By now, both the ruling Left and the Congress led UDF have held their customary protests, before the Raj Bhavan, while the BJP, which presently has no representation in the 140 member Kerala Assembly, remains a mute spectator to rising fuel prices.

Incidentally, its party state president K. Surendran, whenever the question of increasing fuel prices is put up and when the media reminds him and his top party brass including present union minister of State for external affairs V. Muraleedharan along with others, about the protests against the fuel price hike when they pulled bullock carts and pushed two wheelers, he loses his cool and says, “those are all old things, why do you want to rake it up again and again,”.

And when the question — if the Kerala government is ready to reduce the state’s share of taxes, similar to what then chief minister Oommen Chandy did (2015-16), new finance minister K.N. Balagopal says, in Congress ruled states like Rajasthan and in BJP ruled states, they levy more taxes than Kerala and hence, it might not be possible.

With the pandemic and the rising fuel prices, the worst affected are the auto rickshaw drivers who are now forced to charge Rs 40 as the minimum charge and with that, not many are willing to hire.

“Things are really tough for us as we ourselves know that we have nothing else to do but charge more, so we at least have a little amount to take back home. We have to wait for two hours to get a passenger and when we count the money at the end of the day, it’s just a pittance,” said an autorickshaw driver.

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  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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