SC directs suspension of Tihar officials for conniving with ex-Unitech promoters


New Delhi, Oct 6 | After a stormy hearing, the Supreme Court on Wednesday ordered immediate suspension and a full-fledged probe against some Tihar Jail officials, who were identified by the Delhi Police Commissioner in a report for extending undue assistance to ex-Unitech promoters Sanjay Chandra and Ajay Chandra.

On August 26, the top court hadordered shifting of Chandra brothers, in a money laundering case involving Unitech company, to separate jails in Mumbai.

The Delhi Police informed the top court that a criminal case has been lodged against the jail officials under relevant sections of the Prevention of Corruption Act.

A bench comprising Justices D.Y. Chandrachud and M.R. Shah, against the backdrop of Delhi Police chief’s report, said prima facie, it appears jail officials have connived with the accused; therefore, they should be placed under suspension.

The order was passed after Delhi Police chief Rakesh Asthana, in his report, sought permission for a full-fledged criminal investigation against “the person mentioned and also against the unknown persons who are not mentioned”.

“We direct those officials of Tihar Jail, who were prima facie found to be complicit, will be suspended for the time being till the pendency of proceedings,” the order said.

Meanwhile, senior advocate Vikas Singh, representing Chandra brothers, urged the top court to provide them access to forensic auditor Grant Thornton’s report, which is necessary for the accused to defend themselves.

A heated exchange took place between the bench and Singh, as he urged the top court not to proceed in an ex-parte manner in the matter, and cited that his client’s family members have been put behind the bars. Singh reiterated that he should be allowed to defend against the backdrop of Grant Thornton report. However, the bench declined Singh’s plea to access the report.

On August 26, the top court ordered shifting of Chandra brothers following a report by the Enforcement Directorate claiming it has found a “secret underground office”, which was being operated by their father and Unitech founder Ramesh Chandra, and both his sons Sanjay and Ajay visited the office, when on parole or bail. The agency had alleged that it was done in collusion with the Tihar Jail authorities. The top court had observed that attempts were made by the brothers to undermine its jurisdiction.

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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