Sunken tugboat Varaprada located, search on for victims (ld)

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Mumbai, May 24 | The Indian Navy’s specialised ship INS Makar has located the wreckage of the Tugboat Varaprada in the Arabian Sea where it had sunk last week during the Cyclone Tauktae fury, an official said here on Monday.

Divers are now going underwater to find out if any more persons are trapped in the tugboat during the devastating natural calamity.

The development came two days after the ill-fated Barge Papaa-305 wreck was found in the vicinity of the Bombay High Fields, around 175 off Mumbai in high seas, where it had sunk late last Monday.

Late on Sunday, the IN announced that a total of 86 bodies have been recovered from the Arabian Sea so far, including 70 from the two vessels that went under and 8 each which were washed ashore on Maharashtra and Gujarat coasts.

There were 261 persons on board Papaa-305 and 13 others on the tugboat, an anchor-handling vessel which was towing the the Barge GAL Constructor.

Incidentally, all the 137 crew members on the Barge GAL Constructor were rescued in daring operations last Tuesday (May 18) after it was grounded near the Colaba Point.

A total of 188 survivors – 186 from Papaa-305 and two from Tugboat Varaprada were picked up at sea during the massive IN-led Search and Rescue (SAR) operations which lasted for seven days, the first half being in extreme weather conditions.

“All 274 reported missing have been accounted for. Final confirmation, however, will be pending till the identification of all bodies are complete,” the officials said.

The IN’s teams of expert divers and specialist ship INS Makar located the wreck of Papaa-305 late on Saturday, followed by the location of the tugboat today, and a search is on to trace bodies of any others still feared missing.

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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