Singapore F1 Grand Prix called off due to Covid

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Singapore, June 5 | Formula One’s Singapore Grand Prix has been called off this year due to coronavirus restrictions, local organiser Singapore GP Pte Ltd have confirmed.

“To cancel the event for a second year is an incredibly difficult decision, but a necessary one in light of the prevailing restrictions for live events in Singapore.” said Colin Syn, deputy chairperson of Singapore GP Pte Ltd.

The race was scheduled to take place on October 3.

But organisers said they had no choice given the “unpredictable Covid-19 situation”.

They argued that the decision to cancel puts priority on the health of fans, the public and all participants, reports DPA.

“We would not be able to deliver a full event experience [that] fans have come to expect over the years while safeguarding the health of our fans, contractors, volunteers and staff. Ultimately, we have to be responsible, cautious and prudent as safety is our number one concern,” said Syn.

Large parts of South-east Asia, which had handled the pandemic well in its first year, are suddenly seeing a spike in case counts, prompting shutdowns across the region and forcing many plans to be changed. Singapore has also not been spared.

While tickets for the 2021 event had not yet been made available, those who had deferred 2020 tickets to 2021 will be contacted for reimbursement.

Formula One reportedly already has options to fill the Singapore slot, but no decision has been taken yet. Recently, the race in Canada was cancelled. Its replacement in Turkey was also called off.

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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