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A classroom must be either fully online or fully offline; hybrid classes don’t work: Prof Errol D’Souza, Director, IIM Ahmedabad

[ad_1] Ten years ago, The Economist newsmagazine published an article titled ‘Sleepless in Ahmedabad’; a short profile of the Indian Institute of Management Ahmedabad, it noted that its students are “sickeningly clever” who “work disgustingly hard.” While the business world can vouch for their cleverness and hard work, Prof Errol D’Souza has been experiencing it first-hand for 21 years. Prof D’Souza joined IIMA in 2001, was appointed interim director in 2017 (after Prof Ashish Nanda resigned), and director in 2018. “It’s a crazy campus. Students play football at 1:00 in the morning and discuss global affairs,” he told FE. “It’s also a very involving campus—everyone is talking to every other person, and that leads to so many original (and shared) ideas getting developed.” Learning set from the pandemic While offline classes have fully started at IIMA, about 90% students have been on the campus since October. “They were studying online from campus lawns,” Prof D’Souza said. “In management education, it’s either fully online or fully offline; hybrid classes don’t work.” Deans from global business schools he has talked to share the same opinion. “There is a lot of interactive learning (in management education). In a hybrid classroom, the student sitting in front of the teacher may have more advantage as compared to the one studying online who may have poor connectivity or living at place with a lot of disturbance,” he said. The pandemic was a time for IIMA to rethink its coursework. It started a lot of new electives, including on digital marketing, digital strategy and digital transformation, on management of biopharmaceutical industry, one called blacks swans and grey rhinos (managing under crisis), and more. “We introduced courses that would benefit students studying in only-online mode,” Prof D’Souza said. “These new courses and this new thinking will stay.” Global participation on the campus Even though IIMA is a globally-renowned business school, the campus has limited international student participation. “By design, the Indian education system does not allow free and unlimited participation of foreign students,” Prof D’Souza said. “To counter that, we’ve introduced the concept of dual degree; we’ve partnered with half a dozen top foreign schools and their students attend first year at IIMA and ours at their campuses. That brings in some foreign students.” However, IIMA’s exchange programmes (with 75-odd foreign schools) turn the campus truly global during the September-December semester. Under this arrangement, IIMA students go abroad for a semester and students from partner schools come to India. Prof D’Souza said: “Last semester of the calendar year is when our campus becomes global in outlook and flavour—even the dinner is different cuisines every other day.” Foreign students, local jobs Some education experts argue that foreign students will come to India only if they are able to find local jobs. Prof D’Souza, however, said there are enough jobs. “50-60% of our dual degree foreign students end up working in India,” he said. “MNCs in India want their workforce to be global to some extent, and they hire them.” Ranking slip In the Financial Times Masters in Management ranking (MBA), IIMA slipped from 19th in 2018 to 26th in 2021; in the Financial Times Global MBA ranking (MBA-PGPX), IIMA slipped from 31st in 2018 to 48th in 2021 (even though in the domestic National Institutional Ranking Framework it has been on top). This, Prof D’Souza said, does bother IIMA but doesn’t budge it from its long-term goal. “A new component, called salary growth, was introduced a while ago—the ranking body measures the salary when a student graduates and then again after three years. That ‘growth’ has 20% weightage in rankings,” he said. “Our students start at a very high salary, and so their growth cannot be as high as that of the one who started lower. This is a conflict situation. But instead of getting bothered, we’ve focused on our long-term strategy, which is excellence in education, research and impacting the world of practice.” Starting salary Students of top IIMs in India start at a salary that can be twice that of a fresh graduate from a better ranked school. According to the FT MiM 2021 ranking, while IIMA two-year PGP students averaged $139,602 per year starting salary, those from London Business School averaged $102,198 and from other better ranked schools even lower. “The talent pool we get and the diversity of courses we offer is the best in the world,” Prof D’Souza said. “IIMA takes about 385 students in the two-year PGP and another 50 in agribusiness, offering them close to 140 electives. That’s a crazy breadth of electives which no school in the world offers. That’s also a reason so many foreign students want to study at IIMA. Recruiters understand here are the brightest guys.” IIMA and MOOCs While IIM Bangalore and IIT Bombay are big on massive open online courses (MOOCs), IIMA has taken a slower approach. “Online education is synchronous (live teaching) and asynchronous (MOOCs). We believe management education works best in synchronous mode, because it is participatory. But we also understand that MOOCs are getting popular, and we’re developing our own MOOCs, which we will launch this year, in participation with Coursera,” he said. Women and management education Traditionally, the participation of women students in certain areas such as engineering and management has been lower than in medicine and pharmacy. But some schools stand out. IIM Kozhikode, for example, due to its focused efforts, has close to 54% women in its flagship course, 30% as part of faculty and 40% in the Board of Governors (highest amongst IITs and IIMs). Prof D’Souza said that if the work environment enables women, they will come through the requisite programmes to join that work environment. “We are working with a few organisations to transform the workspace; if workspaces are gender-friendly, backward linkages will ensure not only us but other institutions will also get more women students,” he said. At the same time, female student participation at IIMA has been rising. “7-8 years ago it used to

A classroom must be either fully online or fully offline; hybrid classes don’t work: Prof Errol D’Souza, Director, IIM Ahmedabad Read More »

Making Time for Romance When You Have Young Kids

[ad_1] If there was one question we are asked to answer the most often, it’s likely, something along the lines of, “How do you prioritize your marriage when you have kids?” In this week’s podcast episode, we share some of our best suggestions to make time for romance when you have kids. We share things we have learned, what works for us, and how we’ve improved our communication over the years. We also talk about some exercise-related things that are saving our lives, what we are currently reading, conspiracy theories, and how I applied something from a book I’m reading to a hard conversation recently. In This Episode [00:34] – Welcome to another episode of The Crystal Paine Show. [02:00] – Jesse tells us what is saving his life and explains some of the exercises. [05:50] – The mystery is solved as to why the treadmill has been moved in some odd way. [06:50] – The weather has been really nice and I have been itching to be outside. [07:55] – I share an update on what I am reading. [09:35] – I received an upset message on instagram from a follower and I shared my honest response. [11:30] – I think so often that people just want to be heard. [12:20] – Jesse has an update on a book that he has been listening to. [15:39] – Let’s talk about for romance when you have kids. [16:25] – The number one key to making time for romance is prioritizing it. [17:04] – One of the greatest gifts we can give our kids is a strong marriage. [18:45] – Be intentional; you can’t just assume it will happen without effort and thought. [21:22] – Getting creative with the time and schedule you have. [24:15] – The glue that holds our marriage together is laughter. [26:22] – We love to exercise PDA in front of our kids. [27:20] – We talk a lot. Or maybe Jesse listens and I talk! [30:25] – Learning to communicate about communication has been helpful. [32:27] – Having things that we do just the two of us has been really special. Links & Resources Books Come Sit With Me: How to Delight in Differences, Love Through Disagreements, and Live with Discomfort  edited by Becky Keife Unoffendable by Brant Hansen The First Conspiracy by Brad Meltzer Special Mentions A Love Languages QuizKnees Over Toes Libby/Overdrive, free public library app Other Links Love-Centered Parenting 10 Days to Be a Happier Mom Sign up for the Hot Deals Email List MoneySavingMom.com My Instagram account (I’d love for you to follow me there! I usually hop on at least a few times per day and share behind-the-scenes photos and videos, my grocery store hauls, funny stories, or just anything I’m pondering or would like your advice or feedback on!) Have feedback on the show or suggestions for future episodes or topics? Send me an email: crystal @ moneysavingmom.com [ad_2] Source link

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Fuel price hike: Petrol, diesel prices raised for fifth time in six days

[ad_1] Petrol and diesel prices were hiked by 50 paise a litre each on Sunday, taking the total increase in the prices to Rs 3.70-3.75/litre since the resumption of price revisions from March 22. Petrol in Delhi will now cost Rs 99.11/litre as against Rs 98.61 previously, while the diesel rate has gone up from Rs 89.87/litre to Rs 90.42, according to a price notification of state fuel retailers. The auto fuel prices vary slightly from state to state depending upon the incidence of local taxation. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab — a period during which crude oil price soared by about $30/barrel (bbl). This is the fifth increase in prices since the ending of a four-and-half-month-long hiatus in rate revisions last week. On all the previous four occasions, prices had been increased by 80 paise a litre – the steepest single-day rise since the daily price revision was introduced in June 2017.The Congress and other opposition parties have criticised the government for the price rise, saying it has added to the burden on the common man reeling under general commodity price rise. State-run fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have together lost around $2.25 billion (`17,000 crore) in revenue between November and March third week, by keeping petrol and diesel prices unchanged despite a sharp rise in crude oil prices, Moody’s Investors Service had said on March 24. Auto fuel prices in India had remained unchanged despite crude oil prices averaging around $111/bbl in the first three weeks of March 2022 compared to around $82/bbl in early November. “This implies that the costs for the state-owned refining and marketing companies are currently higher by around $29/bbl without any corresponding increase in revenue,” Moody’s had said. Based on current market prices, the oil marketing companies are incurring a revenue loss of around $25/bbl and $24/bbl on the sale of petrol and diesel respectively, it had added. India pays for Russian LNG imports in dollars India’s largest gas utility GAIL (India) continues to pay for the LNG it imports from Russia’s Gazprom in US dollars and will seek exchange rate neutrality in case payments are sought in any other currency such as Euro, two sources said. GAIL has a deal to receive 2.5 mt of LNG annually on a delivered basis from Russia’s Gazprom.  (PTI inputs)  [ad_2] Source link

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Adani, Tata AIG among bidders for Reliance Capital

[ad_1] Reliance Capital has received a total of 54 expressions of interest (EoIs) from prominent bidders, including Adani Finserv, ICICI Lombard, Tata AIG and Nippon Life Insurance, with majority interested in acquiring the entire firm. The bidders had two options — either to bid for the entire assets of Reliance Capital or any one or more than one of its clusters (subsidiaries). The subsidiaries are Reliance General Insurance, Reliance Nippon Life Insurance, Reliance Asset Reconstruction Company, Reliance Securities, Reliance Commercial Finance and Reliance Home Finance. While some of the bidders have placed bids to acquire one or more subsidiaries of the Anil Ambani group company, others have shown interest in taking over its wholly-owned subsidiaries, sources close to the development said. Reliance Capital has a consolidated debt of about Rs 40,000 crore, with nearly Rs 23,000 crore of verified claims. The other bidders for the company include HDFC Ergo, Bandhan Financial Holdings, Cholamandalam Investment, Yes Bank, OakTree Capital, Blackstone, New Quest, IndusInd International, Brookfield, TPG Capital, Zurich, Ares SSG Capital, Arpwood Partners, Capri Global Holdings, Edelweiss Alternative, International Asset Reconstruction Company, JC Flower, Motilal Oswal, Square Four Housing and UV Multiple Asset Investment. The deadline to submit the EoIs ended on Friday. It was earlier extended by two weeks by the administrator from the March 11 deadline following request for more time by certain bidders. When contacted, a company spokesperson declined to comment. On November 29, 2021, the Reserve Bank of India (RBI) superseded Reliance Capital’s board following payment defaults and governance issues and appointed Nageswara Rao Y as the administrator for the bankruptcy process. The regulator also filed an application for initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital before the National Company Law Tribunal’s (NCLT) Mumbai bench. In February this year, the RBI-appointed administrator invited EoIs for the sale of Reliance Capital’s assets and subsidiaries. On March 16, its chief executive officer Dhananjay Tiwari resigned, the company said in a regulatory filing, without providing reasons for his resignation. Last week, Piramal Capital and Housing Finance (PCHFL) initiated bankruptcy proceedings against another Anil Ambani-controlled company Reliance Power and its subsidiary Reliance Natural Resources (RNRL) following a default of `526-crore loan. A number of firms of the Anil Ambani group, including Reliance Infratel (the tower arm of Reliance Communications), Reliance Telecom, Reliance Naval and Reliance Capital are currently under insolvency processes. [ad_2] Source link

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360-Degree LED Cantilever Offset Patio Umbrella with Tilt only $99.99 shipped (Reg. $300!)

[ad_1] This 360-Degree LED Cantilever Offset Patio Umbrella is perfect to block the sun and adjust the shade! You can get this 360-Degree LED Cantilever Offset Patio Umbrella with Tilt, 10 feet for just $99.99 shipped when you use the promo code BCP360 at checkout! This patio umbrella features 360 degree rotation, effortless adjustment, offset pole design, and a 10-foot area of shade. There are lots of colors to choose from. Please note that this does not include the base and you can purchase that here for just $64.99 shipped with promo code BCPSTAND at checkout. Valid through April 1, 2022, while supplies last. [ad_2] Source link

360-Degree LED Cantilever Offset Patio Umbrella with Tilt only $99.99 shipped (Reg. $300!) Read More »

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