SC junks pleas seeking extension of two liquor licences categories

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New Delhi, Oct 1 | The Supreme Court on Friday declined to entertain pleas seeking extension, till November 16, of two categories of licences for retail sale of Indian and foreign liquor in private sector in Delhi.

The L7 licence is for a private retail vend for Indian liquor and L10 licence is related to retail sale of Indian and foreign liquor.

The top court was hearing pleas, which emerged from the Delhi High Court order, which refused to pass an interim order to extend these two licences till November 16.

As the Delhi government submitted before a bench headed by Justice A.M. Khanwilkar and comprising Justice C.T. Ravikumar, that the new policy has increased the revenue from about Rs 6,000 crore to Rs 10,000 crore, the bench told counsel representing the petitioners that the decision has been taken by the government and it is very firm about it.

“We are not inclined to interfere. Dismissed,” it said.

Citing the loss in revenue, a counsel representing one of the petitioners argued that people would go to Noida and Gurugram to buy liquor, as the L7 and L10 licences have not been extended while other category of licences was extended till November 16.

Senior advocate A.M. Singhvi, representing the Delhi government, however, submitted before the bench that there are roughly 846 vends in the capital.

As the bench queried Singhvi on petitioners questioning the timing of the decision against the backdrop of the upcoming festive time, he replied all government vends have been allowed to be open till November 16, and there would not be any crowding as strict regulations are in place.

Earlier this week, the high court, while hearing a petition, had declined to put a stay on the closure of retail vends having L7 and L10 licences, under the old excise policy with effect from September 30.

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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