Pyongyang slams termination of US-S.Korea missile guidelines

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Seoul, May 31 | North Korean state media on Monday slammed the recent termination of US guidelines limiting South Korea’s missile range, accusing Washington of “hostile policy” and “shameful double-dealing”,

“It is apparently deliberate and hostile act that the US lifted the firing range limit, not content with the removal of the warhead weight limit through the approval of several revised ‘missile guidelines’,” said an article carried by state news agency KCNA.

“The termination step is a stark reminder of the US’ hostile policy toward North Korea and its shameful double-dealing,” the article said.

Earlier this month Seoul and Washington reached an agreement giving South Korea more independence regarding the scope of its missile arsenal, dpa news agency reported.

As part a deal dating back to 1979, South Korea agreed to limit the range of any of its missiles to 180 km, in exchange for having access to US missiles and missile technology.

The two countries have refined the 1979 agreement multiple times in light of the nuclear threat from North Korea.

Recently, South Korea had been allowed to use missiles with a range of up to 800 km with warheads of up to 500 kg.

The two countries last year also removed restrictions keeping South Korea from using solid fuel, the use of which allows rockets to be made readier faster.

The change in policy should clear the way for South Korea to launch its own espionage satellites.

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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