Romanian Prez nominates Defence Minister as PM designate

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Bucharest, Oct 22 | Romanian President Klaus Iohannis has nominated Nicolae Ciuca, Defence Minister in the caretaker cabinet, to try and form a new government as Prime Minister.

“This crisis lasted too long,” Iohannis said as he announced the nomination at the Cotroceni Presidential Palace.

“We have the pandemic, winter is knocking at the door, energy prices are increasing,” he said, stressing that there is need for a government with full powers to handle all these issues.

Ciuca, 54, proposed by the centre-right National Liberal Party (PNL), is Iohannis’s second nominee after his first choice, centrist Dacian Ciolos, failed to win a confidence vote in Parliament on Wednesday.

“I understood this mandate as a gesture of responsibility in order to overcome the crisis in which we are,” Ciuca, a reserve army general, said, adding that “we will negotiate with all the responsible forces so in the shortest possible time we can form a government”.

Lately, he wrote on his social media account, once again calling on “all responsible political actors” to support his cabinet so that the country can overcome the current medical and economic crisis “as soon as possible”.

The PNL has ruled out rebuilding the former three-party center-right coalition that included the Save Romania Union (USR) and decided to form a minority cabinet only with the Democratic Alliance of Hungarians in Romania (UDMR).

Therefore, the Prime Minister-designate needs the parliamentary backing of the main opposition Social Democratic Party (PSD) to win a vote of confidence.

According to observers, the PSD is likely to provide this support.

PSD leader Marcel Ciolacu said late on Thursday night that he had already agreed to a meeting with Ciuca.

Under the country’s Constitution, the Prime Minister-designate has 10 days to form a government and win a vote of confidence in Parliament.

The coalition government led by PNL President Florin Citu collapsed on October 5 in a censure motion initiated by the PSD and supported by most other parties in Parliament.

On October 11, Iohannis tasked USR leader Ciolos with forming a new government, but the latter failed to secure majority support in Parliament for his proposed minority cabinet.

The month-long political stalemate comes against the backdrop of the worst-ever phase of the Covid-19 pandemic in the eastern European country.

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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