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MAT 2019 Exam Analysis: Analysis of MAT Paper based exam

MAT 2019 Exam Analysis: MAT 2019 Paper-based test (PBT)was held on February 17, 2019 between 10 AM to 12.30 PM. MAT 2019 Computer-based test  (CBT) will be held on February 23, 2019. Management Aptitude Test (MAT) is a national-level entrance test meant to grant admissions to MBA, PGDM and allied management programmes. All India Management Association (AIMA) is responsible for holding the MAT 2019 Exam.

MAT 2019 Important Dates

Events
Important Dates
MAT 2019 Admit card Download start date
February 9, 2019
MAT 2019 Admit Card download last date Phase-1
February 17, 2019
MAT 2019 Admit Card download last date Phase-2
February 23, 2019
MAT 2019 Exam Date Phase-1
February 17, 2019
MAT 2019 Exam Date Phase-2
February 23, 2019
MAT 2019 Result Date
February 28, 2019
MAT 2019 Score Card Download Starts
February 28, 2019
MAT 2019 Score Card Download last date
Available for one year

MAT 2019 Exam Analysis: MAT 2019 Exam Pattern

Section No. Section Name No. of Questions
I Language Comprehension 40
II Intelligence & Critical Reasoning 40
III Mathematical Skills 40
IV Data Analysis & Sufficiency 40
V Indian & Global Environment 40
Total 200

MAT 2019 Exam Analysis: Overview of the MAT 2019 Paper based Exam

MAT 2019 Exam Analysis

  • The overall structure of the MAT 2019 Paper-based exam remained the same as that of the previous years.
  • It had 5 sections of 40 questions each, 4 options and negative marking of 1/4th of the marks allotted for wrong answers.
  • The overall difficulty level of the exam did not vary much from the previous years’ MAT Exam.
  • Most questions swung between Easy to Moderate.
  • The best way for a candidate to maximize their score would be to select questions judiciously.

Section I – Language Comprehension

  • This section comprised of 20 Verbal Ability, Verbal Reasoning questions, and 20 Reading Comprehension questions.
  • There were 4 passages in RC, all with 5 questions each. 2 passages were about 400 words long while the other two were about 300-350 words long
  • In each passage, there were two contextual usage questions and three inferential type questions.
  • Most questions were on the easier side with a few moderate to difficult questions.
  • A better strategy to ace this section would be to allot 35 minutes to this section, and solve as many VA/VR questions as possible.
  • A good attempt would be at least 25-27 questions, with 85% accuracy.

Section II – Intelligence & Critical Reasoning

  • This section included a mixture of Verbal Reasoning (14 questions) and Logical Reasoning (26 questions).
  • The former included 3 Cause-Effect, 4 Assertion and Reason, 3 Implicit Conclusions, and 4 Analogy questions.
  • The Non-verbal questions included 11 standalone questions with 5 on series completion, 2 on directions, 3 on relations and 1 on linear arrangement.
  • The remaining 12 questions were on Family Tree (4 sets of 3 questions each). 1 set of 3 questions was a puzzle that required basic calculations to arrive at the answer.
  • In Non-Verbal Reasoning, there were no questions on coding-decoding or other types of arrangements, such as circular arrangement.
  • A good strategy would be to attempt about 20-22 questions in 35-40 minutes with 85% accuracy.

Section III – Mathematical Skills

  • The Mathematical Skills section in MAT February 2019 Paper-based exam, was like usual, dominated by Arithmetic.
  • 27 questions out of 40 were based on Arithmetic. All the different topics in Arithmetic were represented.
  • Also, there were 3 questions on Geometry, 9 questions on Modern Math, 1 question on Algebra and one question on Numbers.
  • Most questions were straightforward. However, some questions involved lengthy calculations.
  • Overall, this section swayed between an Easy to Moderate level of difficulty.
  • A good strategy would be to attempt about 18-20 questions in 35-40 minutes with 85% accuracy.

Section IV – Data Analysis and Sufficiency

  • This section had 30 questions on Data Interpretation (6 sets of 5 questions each).
  • There were 5 questions on Quantity Comparison and 5 on Data Sufficiency. All of these questions were easy, and could have been attempted.
  • In DI, some sets were straightforward, while some required tedious calculations.
  • As a result, attempting right sets was the key.
  • Around 21 – 23 attempts with 85% accuracy, in about 35 minutes, would be considered a good attempt for this section.

Section V – Indian and Global Environment

  • Most questions in this section were based on current events of the past few months. Therefore, anyone who is in the habit of reading newspapers and staying abreast of current affairs will find this section easy.
  • About 22 questions were based on national events and 18 on international events.
  • For candidates who had prepared GK well, about 12 questions could be called easy, 20 moderately difficult and 8 difficult.
  • This section could be attempted in about 10-15 minutes. A good attempt would be about 15-18 questions, with 75% accuracy.

MAT 2019 Expected Cutoff

The Marking Scheme for MAT 2019 Exam is 1 mark per question for a total of 200 questions. Also, there is a negative marking fof 0.25 marks for every incorrect answer. 

The MAT 2019 Expected Cutoff, therefore, would be calculated somewhat like this:

S.no
Section
No of Qs
Ideal time (in minutes)
Ideal attempts
Score required to get 90+ percentile
1
Language Comprehension
40
30
 28
27
2
Intelligence and Critical Reasoning
40
35
 27
26
3
Data Analysis and Sufficiency
40
38
 24
22
4
Mathematical Skills
40
37
 30
29
5
Indian and Global Environment
40
10
 15
Separate sectional marks, not counted for percentile calculation
200
150
124
104

There are several factors which affect MAT 2019 Expected Cutoff, like number of seats, number of candidates appearing for the exam, reservation trends, previous years’ cutoff etc.

Notably, the MAT 2019 Cutoff marks for all the colleges will be based on a composite score and it is 800. Usually, the merit list for the participating colleges will be around 500-700 marks. On the basis of the MAT 2019 Cutoff marks, candidates will be shortlisted for the counselling procedure. The candidates scoring equal to or above the cutoff marks will be put on the Merit List. Candidates scoring over 500 marks will be admitted in a better B-school.

Candidates can appear for both MAT 2019 PBT Test and MAT 2019 CBT Test, which will give them an additional advantage of choosing 2 extra management institutes, besides the already existing 5 management institutes. Thus, they will be able to choose 7 management institutes in total.

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MAT Cutoff 2019

MAT Cutoff 2019: MAT 2019 Paper-based test (PBT) was held on February 17, 2019 between 10 AM to 12.30 PM. MAT 2019 Computer-based test (CBT) will be held on February 23, 2019. Management Aptitude Test (MAT) is a national-level entrance test meant to grant admissions to MBA, PGDM and allied management programmes. All India Management Association (AIMA) is responsible for holding the MAT February 2019 Exam.

The MAT February 2019 Exam tests the candidates’ ability in terms of general aptitude in the fields of English Language, Quantitative Aptitude, Reasoning and General Knowledge. Notably, several aspirants test their skills in the MAT exam for admissions to MBA/PGDM institutes after every 3 months. 

The Two-Phase MAT 2019 Exam

MAT Expected Cutoff 2019

The MAT February 2019 Exam is held in two phases: MAT 2019 Paper-based test (PBT) Phase -1 was held on February 17, 2019 between 10 AM to 12.30 PM. MAT 2019 Paper-based Test (PBT) Phase – 2 will also be held on February 23, 2019 between 10 AM to 12:30 PM, alongside MAT 2019 Computer-based test (CBT), which will take place in multiple slots.

Candidates have the facility to appear in both the Phase 1 and Phase 2 of MAT 2019 Exam. However, AIMA does not allow test takers to write both MAT 2019 PBT Phase 2 and MAT 2019 CBT, as they will be taking place simultaneously on February 23, 2019.

However, candidates can appear for both the MAT 2019 PBT Test (Phase 1) and MAT 2019 CBT Test, held on separate dates, which will give them an additional advantage of choosing 2 extra management institutes, besides the already existing 5 management institutes. Thus, they will be able to choose 7 management institutes in total.

MAT February 2019: Exam Pattern

The Marking Scheme for MAT February 2019 Exam is 1 mark per question for a total of 200 questions. Also, there is a negative marking for 0.25 marks for every incorrect answer.

Section No. Section Name No. of Questions
I Language Comprehension 40
II Intelligence & Critical Reasoning 40
III Mathematical Skills 40
IV Data Analysis & Sufficiency 40
V Indian & Global Environment 40
Total 200

MAT February 2019 Exam: Sectional Composition

Each of the 5 sections in MAT 2019 February Exam has been allotted 40 questions, out of the total 200 questions, to be solved under 150 minutes. However, an individual time limit has been suggested by AIMA, though candidates are allowed to hop from one section to another in the MAT 2019 February Exam.

Section Name
Number of Questions
Suggested Time to solve (In Minutes)
Language Comprehension
40
 30
Intelligence and Critical Reasoning
40
 30
Data Analysis and Sufficiency
40
 35
Mathematical Skills
40
 40
Indian and Global Environment
40
 15
Total
200
150

MAT Cutoff 2019

The Marking Scheme for MAT February 2019 Exam is 1 mark per question for a total of 200 questions. Also, there is a negative marking of 0.25 marks for every incorrect answer. Notably, the GK Section is not counted in the percentile calculation of the exam. The score of Indian & Global Environment is separately shown but is not taken into account to calculate the merit or percentile score in the MAT score card.

The MAT Cutoff 2019, therefore, would be calculated somewhat like this:

S.no
Section
No of Qs
Ideal time (in minutes)
Ideal attempts
Score required to get 90+ Percentile
1
Language Comprehension
40
30
 28
27
2
Intelligence and Critical Reasoning
40
35
 27
26
3
Data Analysis and Sufficiency
40
38
 24
22
4
Mathematical Skills
40
37
 30
29
5
Indian and Global Environment
40
10
 15
Separate sectional marks, not counted for percentile calculation
200
150
124
104

There are several factors which affect MAT Cutoff 2019, like number of seats, number of candidates appearing for the exam, reservation trends, previous years’ cutoff etc.

Notably, the MAT Cutoff 2019 marks for all the colleges will be based on a composite score and it is 800. Usually, the merit list for the participating colleges will be around 500-700 marks. On the basis of the MAT 2019 Cutoff marks, candidates will be shortlisted for the counselling procedure. The candidates scoring equal to or above the cutoff marks will be put on the Merit List. Candidates scoring over 500 marks will be admitted in a better B-school.

MBA Colleges Accepting Top MAT Scores

MBA college
MAT cut off percentile score
Fee (Rs.in lakhs)
Average Placement (Rs. in lakhs)
Jaipuria Lucknow
80
 9.25
5.78
SIESCOMS Navi Mumbai: SIES College of Management Studies
80
 7.20
6.90
ISB&M Pune: International School of Business & Media
80
8.90
7.60
IES MCRC Mumbai: IES Management College And Research Centre
80
7.20
6.00
KSOM Bhubaneswar: KIIT School of Management
80
11.95
6.5
IPE Hyderabad: Institute of Public Enterprise
80
  8.00
5.28
Christ University Bengaluru: Institute of Management
75
  7.54
XIME Bangalore: Xavier Institute of Management and Entrepreneurship
70-75
10.00
6.70
AIMS Bangalore: AIMS School of Business
70-75
  9.00
5.25
Jaipuria Noida: Jaipuria Institute of Management
75
 9.25
5.78
NDIM New Delhi: New Delhi Institute of Management
75
  8.25
6.12
PSGIM Coimbatore: PSG Institute of Management
75
  8.00
9.20
IBA Bangalore: Indus Business Academy
70-75
 6.98
5.9

MBA colleges accepting MAT score: Cut Offs 60%ile and above

MBA college
MAT cut off percentile score
Fee (Rs.in lakhs)
Average Placement (Rs. in lakhs)
VJIM Hyderabad: Vignana Jyothi Institute of Management
70
6.50
4.62
SCMS Cochin: SCMS Cochin School of Business
70
8.25
4.72
AIMIT Bangalore: Adarsh Institute of Management And Information Technology
55-60
4.50
5.50
MSRIM Bangalore: M S Ramaiah Institute of Management
65
6.90
4.48
FIIB New Delhi
65
7.20
5.75
JBS Noida: Jaypee Business School
60
8.00
4.50
IIMS Pune: International Institute of Management Studies
65
7.56
4.50
EMPI New Delhi: EMPI Business School
65
6.95
5.45
Calcutta Business School, Kolkata
65
6.85
4.20
GLBIMR Greater Noida: GL Bajaj Institute of Management And Research
60
5.60
4.80
BIIB Pune: Balaji Institute of International Business
65
3.55
7.12
Vivekanand Education Society Institute of Management Studies Research
65
2.94
4.13

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IIM Ahmedabad Placement Report 2019

IIM Ahmedabad Placement Report 2019: IIM Ahmedabad Placements 2019 have concluded. IIM Ahmedabad Final Placements 2019 saw the 3rd cluster of the placements, which had 385 students participating. Accenture Strategy offered the maximum number of offers (24), followed by Boston Consulting Group (20), Flipkart (14), Amazon (11), Paytm (10), and Microsoft, (8).

Read on to know more about what transpired in the IIM Ahmedabad Placements 2019 and the complete cluster-wise report on the same.

How to land a call from IIM Ahmedabad?

IIM Ahmedabad Placement Report 2019: Introduction

IIM Ahmedabad Placement Report 2019

Clawing its way through the shadows of GST and Demonetisation, IIM Ahmedabad Placement Report 2019 for the two-year flagship Post-Graduate Programme (PGP) saw a resurgence in the Financial Consulting firms posing as top recruiters.

IIM Ahmedabad saw 385 students participating in the campus placements for the Batch of 2017-2019.

Senior IIM Ahmedabad officials state that post compiling of data from the three clusters of placements, Accenture Strategy has emerged to be the top recruiter with 24 offers. Notably, it is the top recruiter for the fifth consecutive year. “Accenture Strategy has remained our top recruiter for five years straight. The firm has only increased its tally from the previous high of 21 in 2015,” said the official.

Accenture Strategy was followed by the Boston Consulting Group (BCG) in making the second-highest, 20 offers, also its’ five years highest offer. Tech giants like Flipkart, Amazon and Microsoft were close on heels with 14, 11 and 8 offers respectively.

Notably, IIM Ahmedabad Placement Report 2019 does not disclose the salary package figures until it completes its audit in the months of August-September respectively. 

IIM Ahmedabad follows a Cluster-based approach for the final placements, where companies offering similar job profiles and positions are grouped into Cohorts, which are then invited to the campus in particular clusters.

Notably, there were 3 Clusters held for IIM Ahmedabad Placements 2019 held on February 8, 11 and 14 respectively. The B-school has also stated that if need be, it will follow a Rolling Process post Cluster 3 as well.

IIM Ahmedabad Placement Report 2019: Key highlights 

Cluster 1 (February 8, 2o19)

  • Cluster 1 of IIM Ahmedabad Placements 2019 comprised of 5 cohorts. Accenture Strategy and BCG were top recruiters with 24 and 20 offers respectively.
  • Finance domain had the maximum number of offers, (9), by Avendus, ET&S, followed by JP Morgan Chase, which gave out 8 offers.
  • Cluster 1 also saw other regular recruiters namely A.T. Kearney, Bain & Co., Goldman Sachs, HSBC, McKinsey & Company, Monitor Deloitte, and Oliver Wyman, among others.

Check out detailed IIM Ahmedabad Placements 2019, Cluster 1 HERE!

Cluster 2 (February11, 2019)

  • Cluster 2 of IIM Ahmedabad Placements 2019 comprised of 6 cohorts.
  • 30 companies participated in the PGP-FABM (Post-Graduate Programme in Food and Agribusiness Management) for the Batch of 2017-19, conducted on February 11, 2019.
  • Top recruiters included CK Birla Group with 10 offers (including pre-placement offers) besides several offline and online retail players and agri-focused companies.
  • Aditya Birla Group, Flipkart and Samsung were close on heels with 9 offers each.
  • Godrej Agrovet, PI Industries, Jain Irrigation, Pioneering Ventures, Ninjacart and Waycool extended 3 offers each.
  • First-time recruiters included Ernst and Young (EY), RBL Bank and Reliance Foundation.
  • Rabobank and INI Farms re-engaged for IIM Ahmedabad Placements 2019, Cluster 2.
  • Domains for IIM Ahmedabad Placements 2019, Cluster 2, included FMCG, Agri Inputs and Services, Food Processing and Supply Chain, Food and Agribusiness PE-VC, Food and Agri Consulting, Agri Commodity Trading, e-Commerce, and Retail.
  • Regular recruiters in IIM Ahmedabad Placements 2019 included Asian Paints, HUL, General Mills, ITC, Mondeléz, Nestlé, P&G, Reckitt Benckiser, Emaar, KPMG, Cloudtail, ADM, Mahindra, Reliance, RPG, Amazon and Myntra among others.

Check out detailed IIM Ahmedabad Placements 2019, Cluster 2 HERE!

Cluster 3 (February 14, 2019)

  • 90 students had made the Dream Applications in the IIM Ahmedabad Placements 2019. With the dream applications facility, students are allowed to opt for the sector/job of their choice, despite having an offer in hand.
  • Notably, 385 students sat for the placements, whereas 2 opted for entrepreneurship.
  • Global Consulting firm Accenture Strategy was the biggest recruiting making 24 offers.
  • SAIF Partners, United Breweries, Etihad Airways and Russell Reynolds and OLAM are the new firms which participated in IIM Ahmedabad Placements 2019, Cluster 3.
  • The Consumer-tech recruiters included Microsoft, Ola, Uber and Paytm. Paytm offered the maximum offers (10), including Pre-placement offers (PPOs), followed by Microsoft, which extended 8 offers.
  • Among government firms, Indian Oil Corporation offered 1 candidate.
  • The third cluster comprised 12 cohorts like FSI, Consumer Tech, Core Manufacturing & Infrastructure, Education & Tech, Enterprise Tech, Food & Dairy, Govt. Enterprises, IT Consulting, Pharma & Healthcare, Renewable Energy & GreenTech, Social Enterprises & NGO, and Textiles.

IIM Ahmedabad Placement Report 2019: Previous Trends

S No.

Salary component

Placement 2018 (Rs.in Lakhs)

2017 (Rs.in Lakhs)

2016 (Rs.in Lakhs)

1. Maximum Salary

72

53

48

2. Average salary

24.45

22.58

22.14

3. Median salary

23

22

21

4. Minimum salary

13.7

9.00

11.5

Notably, The cluster-cohort system is unique to IIM Ahmedabad. The Cluster system is meant to motivate students to consider career choices based on role and sector.

IIM  Ahmedabad Placement Report 2019: Dream Applications

The Dream Applications Programme at IIM Ahmedabad, which allows a student to sit for 5 more companies post securing an offer. The cluster-cohort system has also enabled hosting of recruiters in a fair and transparent manner leading to stronger relationships between IIM Ahmedabad and the recruiter community.

Did you know IIM is now planning to take on more non-engineers? Check out the changed admission criteria HERE!

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Pulwama Attack 2019: 40 CRPF men killed; MFN status to Pakistan revoked

Pulwama Attack 2019: At least 40 CRPF personnel killed and 5 injured in the attack on February 14, 2019. A Jaish suicide bomber rammed a vehicle possessing around 350 kg explosives into their vehicle in the Pulwama district. Notably, this attack is by far the deadliest attacks in the state of Jammu and Kashmir in its three decades of insurgency.

Following this attack, India has revoked the MFN (Most Favoured Nation) status granted by it to Pakistan. This status ensures equal and smooth trade practices between two nations. The withdrawal of MFN would mean Pakistan would lose concessions on tariffs and the trade flow would no longer be smooth between the two countries. 

Pulwama Attack: Key highlights

Pulwama Attack

  • In a major terrorist attack, 40 CRPF jawans have been martyred in the Jammu and Kashmir’s Pulwama district. 5 jawans reportedly sustained injuries.
  • The terrorist had rammed an explosive-laden vehicle into one of the buses of the convoy of the security forces.
  • Pakistan-based terror outfit Jaish-e-Mohammad has taken responsibility for the attack which occurred 20 kms away from Srinagar district.
  • Police have identified the suicide bomber as Adil Ahmed, who as per the officials, joined the Jaish in 2018.
  • The terror outfit Jaish has claimed the SUV carrying 350 kgs of explosives. However, the army and some security agencies disputed the claim, saying it was a mere propaganda.
  • The bus that was the focus of the attack belongs to the 76th battalion of the force.
  • ”It was a large convoy and about 2,500 personnel were travelling in multiple vehicles. Some shots were also fired at the convoy,” CRPF DG R. R. Bhatnagar was quoted saying.
  • Reportedly, the US has asked Pakistan to immediately end ‘support’ and and ‘safe haven’ to all terror groups operating on its soil after Pulwama Attack.
  • The convoy with more than 78 vehicles was coming from Jammu and going towards Srinagar.
  • Over 2,500 Central Reserve Police Force personnel, with several returning from leave to rejoin duty in the Valley, were travelling in a convoy of 78 vehicles. It was then that they were ambushed on the Srinagar-Jammu highway at Latoomode in Awantipora in south Kashmir.
  • Generally, a convoy consists of 1000 personnel, but this time it was 2,547 personnel.
  • The J&K Police has taken up the investigation. Post-blast analysis was done at the spot.
  • Notably, the Pulwama Attack is by far the worst terror attack after the Uri Attack in 2016.

Jammu and Kashmir orders Ladakh Division!

Pulwama Attack: Key developments

  • Experts from anti-terror commando force National Security Guard (NSG) and investigators from the National Investigation Agency (NIA) left for Jammu and Kashmir on February 15, 2019 to join the probe regarding the Pulwama terror attack. The forensic experts will also be conducting a forensic evaluation of the crime scene with the Jammu police.
  • Explosive specialists of the Black Cat commando force NSG would also join in the investigation into the attack, said an official.
  • A curfew has been imposed in the city of Jammu city as a precautionary measure, following massive protests over the terror attack in Pulwama. The curfew was imposed as authorities feared communal backlash.
  • Prime Minister Narendra Modi chaired a cabinet meeting along with Rajnath Singh, Arun Jaitley, Sushma Swaraj, Nirmala Sitharaman and Army chief General Bipin Rawat. to discuss the security situation in Kashmir.
  • Notably, the IAS Association of Uttarakhand will contribute a day’s salary to the family members of the martyred CRPF personnel.
  • Rajasthan government has announced a compensation of Rs. 25 lakh to the wives of the martyred soldiers, and promised a job to the family members of the CRPF jawans.
  • CRPF tweeted,’ We will not forget, we will not forgive. We salute our martyrs of Pulwama Attack and stand with the families of our martyr brothers.’
  • A big development in the wake of the Pulwama Attack is India withdrawing the MFN (Most Favoured Nation) status of Pakistan. It has also added that it will take all the necessary steps to isolate Pakistan on an international level. Notably, a notification would be issued shortly by the Commerce Ministry withdrawing the MFN status.

Government’s plan to tackle Drug Abuse!

Most Favoured Nation (MFN) status to Pakistan revoked: What it means

  • India, on February 15, 2019, announced that it will withdraw the Most Favoured Nation (MFN) status granted to Pakistan, in the light of the deadly Pulwama Attacks that have shook the country.
  • Prime Minister Modi, in a Cabinet Committee on Security, revoked the status after they met to discuss Kashmir’s intense situation.
  • Notably, the MFN was granted to Pakistan in the year 1996. However, Pakistan had not granted India the same status
  • The Most Favoured Nation (MFN) is the first clause in the General Agreement on Tariffs and Trade (GATT) by the World Trade Organisation (WTO). The MFN ensures non-discriminatory trade practices between two countries vis-à-vis other trade partners.
  • The MFN clause requires the privilege or concessions granted to one country all the WTO participating countries.
  • The bilateral trade between the two countries is reportedly pegged at $2billion. India and Pakistan trade in commodities and goods like sugar, cement, chemicals, cotton, vegetable and fruits, mineral fuels and salts.

Pulwama Attack: Top Reactions

  • Congress leader Rahul Gandhi, President Pranab Mukherjee, PM Modi among others have condemned the attack and expressed their condolences.
  • The attack is being condemned on a global level, including the US and the UN.
  • The White House called on Pakistan to “end immediately the support and safe haven provided to all terrorist groups operating on its soil”.

Ayushmaan Bharat Scheme cures 10 lakh patients!

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IRMA GD-PI Experience

IRMA GD-PI Topics: IRMASAT 2019 has already begun from February 11, 2019 and will conclude on February 23, 2019. IRMASAT 2019 is a national-level entrance based test for admissions to the PGDRM 2019-21 Batch for the Institute of Rural Management Anand (IRMA), Gujarat. Notably, IRMASAT 2019 is the Social Awareness Test conducted by IRMA.

IRMA Placements 2019: Highest CTC shoots to 50.31 lakhs!

IRMASAT 2019: Why Choose IRMA?

Institute of Rural Management (IRMA), located at Anand, Gujarat, provides admissions to the Post Graduate Diploma in Rural Management (PGDRM) programme. This exam is generally conducted in the first week of February from 11th-23rd at the IRMA Campus. The IRMSAT 2019 Computer-based exam will be followed by a Group Activity (GA) and Personal Interview (PI) on the same day.

Also, the domain of Rural Management, in general, has been witnessing a massive boom for the past couple of years. In the IRMA Placements 2019, the Highest CTC shot up to Rs. 50.38 lakh. Even IRMA Placements 2018 recorded the Highest CTC as 46.50 lakh. This is both due to students increasingly wanting to flock towards development sector careers and for top development companies that participate in the IRMA Placements process. In IRMA Placements 2019, a total of 119 recruiters have made a total of 407 job offers. Notably, Amul or GCMMF was the largest recruiter with as many as 20 candidates. Other affluent agri-business companies included Afriventures, ITC agribusiness division, ADM Agro, Godrej Agrovet, National Bulk Handling Corporation, Seedworks, Adani Wilmar Pidilite, Future Group, Grofers, Big Basket, Metro Cash & Carry.

IRMA Selection Process 2019

  • IRMA will shortlist candidates as per their CAT 2019 and XAT 2019 Scores.
  • In the Final Selection Process, candidates will appear for the IRMASAT 2019 exam, which is a mandatory Social Awareness Test.
  • The final selection of the candidate, however, will depend on the CAT 2019/XAT 2019 exam score and performance in IRMASAT 2019, Group Activity, and Personal Interview.
  • It is mandatory for applicants to appear for CAT 2018 / XAT 2019 and IRMASAT 2019.

Previous Years’ IRMA GD-PI Experience

IRMA GDPI

IRMA GD-PI: Batch 2017- 2018

Group Discussion: Average Duration: 10-12 min

  • Demonetization – A success or failure?
  • Do programs like Namami Gange help cleaning rivers in reality?
  • How will GST affect the Indian economy?

Personal Interview: No. of Panelists: 3-4, Duration: 20 mins

Excerpts from Interview 1-

Candidate Profile: Worked in Aditya Birla Group

  • Introduce yourself?
  • What are your hobbies?
  • How do you relate chess and the business world? Also, what is common between the two?
  • What was your profile and role in the company? Why did you leave the company?
  • What is your strength? (Responded saying that I am a fighter) So will you fight with teachers here? Who is your role model in life? Why do you want to join IRMA? Why do you want to go for rural management?

Excerpts from Interview 2

Candidate Profile: B.com, Fresher

  • Introduce yourself?
  • What do you know about finance accounting?
  • Explain the demand and supply cycle?
  • What do you understand by money supply?
  • What are your strengths and weaknesses? Do you know the speciality of Anand?
  • Why do you want to do an MBA? Which specialization will you opt for?

IRMA GD-PI: Batch 2016- 2017

Group Discussion: Average Duration: 10-12 min

  • Social security in India
  • Right to Education: Success or Failure?
  • How big a threat is China?

Personal Interview: Average Duration: 15-20 mins, No. of Panelists: 2

Excerpts from Interview 1:

  • Tell me something about yourself?
  • Tell us about your childhood?
  • Describe your work profile.
  • Tell about your final year B.Tech Project?
  • Have you studied any HR subjects in Engineering?
  • Why IRMA?
  • Why MBA?
  • Which specialization do you want to opt for.? 

Excerpts from Interview 2:

  • Introduce yourself.
  • Describe yourself in 3 words.
  • What is your favourite subject?
  • Why do we prefer AC over DC?
  • What do you know about HVDC?
  • Some current affair questions like State elections.
  • Why MBA, Why IRMA?

IRMA GD-PI: Batch 2015- 2016

Group Discussion: Average Duration: 10-12 min

  • The relevance of family run business
  • National Rural Employment scheme is good for the country.

Personal Interview: Average Duration: 15-20 mins, No. of Panelists: 2

Excerpts from Interview 1 :

Candidate Profile: (10th-92%, 12th- 91.2%, Grad -Economics (Hons)- 72.6%)-

  • What made you choose economics as specialization, give us an example of using economics in business, Try to be more specific, Why don’t you go for a Masters in Economics.
  • Tell us about your strengths and weaknesses.
  • Do you know about Google Glass?
  • Are you planning to buy or would like to buy any gadget?
  • Suppose you are a Dell sales agent and you have been given the task of selling those laptops in your college. How many laptops will you be able to sell?
  • Why IRMA, Why MBA?

Excerpts from Interview 2:

  • Tell me something about yourself?
  • What is the biggest challenge that lies in front of TCS? Also, why does it pay less to its employees especially freshers?
  • Describe your work profile? Also, what are the cement quality testing parameters? Which one is the most important?
  • Name the parameters are monitored in cement manufacturing?
  • What is the temperature inside a cement kiln?
  • Difference between POP and cement (Chemistry, properties and economy wise)?
  • Tell about your final year B.Tech Project.
  • Why not PGDISEM, Have you studied any HR subjects in Engineering, Why IRMA, Why MBA?

IRMA GD-PI: Batch 2014- 2015

Group Discussion: Average Duration: 10-12 mins, No. of Panelists: 2, No. of Participants: 9-10

  • Notably, Dowry system in India is curtailed only in law and not practically.
  • Should the government give more subsidies to farmers or provide better mechanism for a loan?
  • Prioritizing assets of a country.
  • Case – Allotment of trucks in a company. There were five contenders and one has to be selected.
  • Case – There is a rich Parsi woman with a deceased husband who wants to donate her wealth to charity. 6 options were given, had to select one and speak on it for 2 minutes.
  • Case – An economist gave 8 points to better the present economic slowdown in India.

Personal Interview: Average Duration: 15-20 mins, No. of Panelists: 2

Excerpts From Interview 1:

  • What is transaction cost? How do e-retail giants eliminate it?
  • What effect does advertising have on transaction cost?
  • What is your native state? Do you feel that caste somehow empowers people? Tell us about your experience in rural camp? 

Excerpts From Interview 2:

  • Why IRMA? Why do you want to leave IT and come to rural management?
  • What is a village? What is a gram panchayat and how many villages will be there under it. Convince me that you have seen a village and lived in one and have experience.
  • What are your other calls? Also, do you think IT guys are “computer coolies.” Justify.

Excerpts from Interview 3:

  • Tell me something about yourself. What about your family, asked more about my brother and about his job.
  • Relate your course to Rural Management. Asked about the Azim Premji Foundation, my job responsibilities there and why I want to do another Masters?
  • Asked me about the basic rights given to us by the constitution, specifically Right to education and Right to food, asked views on them.
  • Division of larger states into smaller states.
  • What is civil society and what is NGO? What other calls do you have? Difference between a manager and a leader?

IRMA 2019 Shortlisting Criteria

Parameters Weightage in percentage
CAT 2018 or XAT 2019 Score 35
Issues of Social Concern Score (IRMASAT 2019) 10
Group Activities (GA) Score 10
Personal Interview (PI) Score 20
Academic Performance 5
Diversity 5
Profile 15
Total 100

IRMA Results 2019 

IRMA Results 2019 and IRMA Merit List 2019 will be out as soon as the exams get over, i.e., on February 23, 2019. Check out the Complete IRMA Shortlisting Criteria HERE!

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CAG Report on Rafale Deal: Findings say NDA deal cheaper by 2.86%

CAG Report was recently tabled in the Parliament, which brought some interesting revelations forth, adding further to the Rafale Deal controversy.

The Comptroller and Auditor General (CAG) Report has claimed that the deal was actually 2.86% cheaper, as compared to UPA’s previous deal. Interestingly, this comes ahead of the General Elections for the BJP to counter Congress’s alleged corruption claims.

The CAG Report Findings
Rafale Deal signed by the NDA 2.86% cheaper, as opposed to government;s claims of having a 9% margin
Fighter Jets to be delivered only 1 month earlier
No sovereign guarantee given by France in case of non-delivery, only  a ‘Letter lof Comfort’
The dropping bank guarantees culminates as savings for France’s Dassault Aviation, not India
Prices could be lower, given banking/performance guarantee waivers
In case of disputes over quality of work and delivery, India to go into arbitration with France

What is the Rafale Deal Controversy all about?

The Rafale Deal Controversy is a political controversy in India which is related to the purchase of 36 multirole fighter aircrafts estimated to be worth Rs 58,000 crore by the Defence Ministry of India from France’s Dassault Aviation.

Read the complete Rafale Deal coverage here!

What are Rafale Jets?

CAG Report

The twin-engine Rafale combat jets are designed from the beginning as multi-role fighters for air-to-air and air-to-ground attacks. They are nuclear capable and their on-board Electronic Warfare (EW) systems can also perform reconnaissance and radar jamming roles.

Centre nods to building a Freight Village in Varanasi

Rafale Deal: Background

Notably, the Rafale Deal has its genesis during the Atal Bihari Vajpayee government in the year 2000. The deal was meant for the procurement of the advance jet fighters as a part of the modernisation of the Indian Air Force. The procurement process was first initiated by the Manmohan Singh government in 2007. Therefore, the next UPA government zeroed in on Rafale jet fighters in 2012 and a deal was inked with Dassault for 126 MRCAs.

However, the deal was scrapped after the Narendra Modi government came to power over pricing and a few specification issues. However, PM Modi during his visit to France in the year 2015, announced that the deal has been reworked and a fresh agreement has come into existence. Finally, the Rafale Deal was signed in September 2016, with a statement saying that India would be buying French-manufactured Rafale fighter jets off-the-shelf from the French aircraft builder and integrator, Dassault. Notably, Rafale was selected to upgrade India’s ageing fleet in the year 2012 over other rival offers from the United States, Europe and Russia.

As per the plan, India was meant to buy  18- off-the-shelf jets from France’s Dassault Aviation. The rest 108 would be assembled in the country by the state-run Hindustan Aeronautics Limited.

The Rafale Deal controversy came into existence when the Modi led BJP government broke its commitment of the last UPA government to buy 126 Rafales, stating the twin-engined planes were expensive. This refusal made the Rafale Deal fall through post-decade-long negotiations between India and France. However, despite the tussle between the cost and the need for the aircraft, Modi decided to buy 36 ready-to-fly fighters instead of borrowing technology from Dassault and building the fighters in India.

National Register of Citizens!

The India-France Deal

  • The Rafale Deal announced by the PM Modi was signed as an inter-governmental agreement with France.
  • India was reportedly supposed to about Rs. 58,000 crore (7.8 billion euros) for the 36 off-the-shelf Dassault Rafale twin-engine fighters.
  • Notably, 15% of this cost was paid in advance as per the deal. Also, as part of the deal, India would receive spares and weaponry as well,  including the Meteor missile which is considered to be one of the most advanced missiles in the world.
  • An accompanying offset clause stated that France would be investing 30% of the Rs. 58,000 crore in India’s military aeronautics-related research programmes. 20% would go into the local production of Rafale components.
  • In November 2016, a political warfare over the Rafale Deal begins between Congress and BJP. The former accuses the latter of not being transparent and wasting the taxpayers’ money by signing a hefty deal of Rs. 58,000 crores.
  • Congress claimed that Anil Ambani-led Reliance Defence Limited was unfairly chosen as the French firm’s Indian partner.
  • Congress also alleged that the current ost of each aircraft is three times more than the previously negotiated price in 2012.
  • Defence Minister Nirmala Sitharaman and Reliance Defence Limited, however, rebutted the Congress claims stating that the renegotiated deal was transparent and cheaper than the earlier one, negotiated by the UPA government. Sitharaman said that the revised deal has superior weapons package and logistical support unlike the previous one.
  • She also told the Parliament that the France Deal was meant to be kept discreet as it is “classified information” and meant to be kept confidential.

Key highlights of 7th Commission!

Rafale Deal Verdict: What the CAG Report says

CAG Report

  • The CAG Report swings in favour of the Centre, when it states that the overall Rafale deal negotiated by the National Democratic Alliance (NDA) was 2.86% cheaper than the one put together by the United Progressive Alliance (UPA) government.
  • However, issues persist, which will give fodder to the Opposition to continue questioning the BJP’s decisions.
  • The CAG Report is divided in 2 volumes: the first comprises of 7 chapters, shedding light on the examine systematic issues in India’s acquisitions process, several contracts etc.
  • The second volume pertains to the Rafale Deal and consists of audit finding based on the acquisition of medium multi-role combat aircraft (MMRCA) through the France agreement.
  • The second volume, however, examines pricing but covers nothing on the on the offsets package or the role of Anil Ambani’s Reliance.
  • However, Reliance will be having a separate individual report which would out only after the General Elections in May, as per the national auditor.

ICICI Bank sacks Chanda Kochhar!

Rafale Deal Verdict: Key highlights of the CAG Report

  • As per the auditor, the Rafale contract consisted of 6 different packages, with a total of 14 items. Notably, the price of 7 items were higher than the aligned price, i.e., the price at which the agreement should have signed post price variations between year 2007-2015.
  • 3 items in the Rafale Deal, including basic aircraft, were procured at the same price as of the UPA’s previous negotiations. However, 4 other items were purchased lower than the aligned prices, making the NPA-II’s deal cheaper than that of the UPA one.
  • However, Nirmala Sitharaman had asserted that the Modi government got a price which was 9% cheaper than the UPA deal, which the CAG Report disagrees with. The CGA Report counters her claim that the basic flyaway aircraft was purchased at the same rates as 2007.
  • The CAG Report also stated that NDA-II has hurried up the Rafale delivery schedule by 5 months. Notably, UPA asked for 36 aircraft to be delivered within 72 months, while the NDA contract demanded delivery in 67 months only. The auditor also noted that the 5-month achievement is also dubious.
  • On the issue of sovereign or bank guarantee, the CAG Report states that France did not adhere to the said demand. Instead, it offered to provide a letter of comfort.
  • The CAG Report also explicitly highlighted that the unpaid bank guarantee charges added to the savings of Dassault and not India, compared to the year 2007 offer. The savings reportedly amount to Rs. 574 million.
  • The caveats here are that if the savings added to Dassault Aviation, then the table saying the NDA deal is not cheaper by 2.86%, but rather expensive than the UPA’s.
  • 4 India-specific enhancements “were not needed”,  says the CAG Report. They were, nevertheless, added to the Rafale Deal.
  • The CAG Report offers a mixed bag on the Eurofighter offer. As per media reports, the offer was rejected due to its ‘inaccuracies,’ and to avoid violations of the Defence Acquisition Procedure process.
  • CAG acknowledges that if there is a breach of agreement in terms of arbitration, India will have to first settle the matter directly with the French vendors.

NITI Aayog 2.0!

Rafale Deal Verdict: Hits and Misses in the CAG Report

India’s national auditor, the Comptroller and Auditor General (CAG), is known to present lucid and comprehensible reports, to be understood easily by laymen. Not this time, though. The CAG Report submitted to the Parliament on the Rafale Deal row is slightly flawed and lacks selective attention. The CAG Report, on one hand, expressed its unhappiness over the non-disclosure specific prices in the deal. It, however, brings to the table as to why India’s defence procurement takes ages.

Why India needs to take Rahul Gandhi seriously!

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IRMA Admissions 2019: Eligibility, Selection Process, Results

IRMA Admissions 2019: The IRMASAT 2019 exam has begun from February 11, 2019 and will go on till February 23, 2019. IRMASAT 2019 is national-level entrance based test for admissions to the PGDRM 2019-21 Batch for the Institute of Rural Management Anand (IRMA), Gujarat. Notably, IRMASAT 2019 is the Social Awareness Test conducted by IRMA.

IRMA Placements 2019: Highest CTC shoots to 50.31 lakhs!

IRMA Admissions 2019: Why Choose IRMA?

IRMA Admissions 2019

Institute of Rural Management (IRMA), located at Anand, Gujarat, provides admissions to the Post Graduate Diploma in Rural Management (PGDRM) programme. This exam is generally conducted in the first week of February from 11th-23rd at the IRMA Campus. The IRMSAT 2019 Computer-based exam will be followed by a Group Activity (GA) and Personal Interview (PI) on the same day.

IRMA Aspirant? Check out the IRMASAT Expected Cutoff 2019!

IRMA Admissions 2019: Eligibility Criteria for IRMA

  • Any Graduate from any discipline, with a minimum of 15 years (10+2+3) of education, having 50% (45% for SC/ST/DAP (Differently Abled Person) aggregate marks in the Graduation level can apply for admission.
  • The percentage of aggregate marks will be calculated as per practice followed by the concerned university or institution.
  • In case the concerned university/institute does not have any scheme for converting CGPA into equivalent marks, IRMA would be establishing equivalence by dividing obtained CGPA with the maximum possible CGPA and multiplying the resultant with 100.
  • Students in their final year of graduation can also apply if they manage to complete all the requirements of graduation before July 01, 2019.

IRMA 2019 Admissions: Selection Process

  • IRMA will shortlist candidates as per their CAT 2019 and XAT 2019 Scores.
  • In the Final Selection Process, candidates will appear for the IRMASAT 2019 exam, which is a mandatory Social Awareness Test.
  • The final selection of the candidate will depend on the CAT 2019/XAT 2019 exam score and performance in IRMASAT 2019, Group Activity, and Personal Interview.
  • It is mandatory for applicants to appear for CAT 2018 / XAT 2019 and IRMASAT 2019.

THE IRMA Selection Process is conducted in 2 Stages, viz;

Stage A: a) Merit-based selection

Candidates belonging to the General Category, scoring above 85 percentile in CAT 2018/XAT 2019 will be eligible to be shortlisted for IRMASAT 2019 and GA (Group Activity) and PI (Personal Interview) Process.

b) Profile and Merit-based Calls

  • General Category candidates who have scored above 80 percentile in CAT 2018/XAT 2019 and fall in the Profile-based call criteria will be shortlisted for IRMASAT 2019 and GA and PI process.
  • The core criteria for IRMA Admissions 2019 is Graduation from top universities and colleges, (ii) Work Experience in Social Impact, Community Development, Livelihoods, Policy and Advocacy, Agriculture and Allied sectors; (iii) Graduation in Social sciences, Development studies, Agriculture and Allied sciences.
  • IRMASAT 2019 Cutoff for the candidates of reserved categories will be decided separately at an appropriate time.

Stage B: Shortlisted students expected to write IRMASAT 2019

  • The shortlisted candidates will be called for the Selection Process at IRMA. Here, they will have to write the  IRMA Social Awareness Test 2019 (IRMASAT 2019), Group Activity and Personal Interview.
  • Notably, IRMASAT 2019, GA and PI process will be conducted at IRMA, Anand campus.

IRMA 2019 Important Dates

Events 
Dates
IRMA’s online Admissions Test – “IRMASAT” for Indian Nationals
February 1st week, 2019
Intimation for Group Activity and Personal Interview to Indian Nationals
February 2nd week, 2019
Group Activity and Personal interview for Indian nationals
February Last Week to March 2nd week, 2019
Announcement of final results (for Indian nationals)
March 15, 2019 (Tentative)
Last date for submitting acceptance form with initial fee (online) of Rs. 25,000/-
March 3rd week, 2019
Last date to deposit the first year fee (online)
April 15, 2019
Telephonic Personal Interview (TPI) for Foreign Nationals and NRI
April 3rd week to last week, 2019
Announcement of final results (for Foreign Nationals)
May 1, 2019
Classes on Bridge Courses
May last week to June 1st week, 2019
Induction Programme
June 1st week to June 2nd week, 2019
Beginning of First Term
June 3rd week, 2019

IRMA 2019 Parameters for the Final Merit List 

Parameters Weightage in percentage
CAT 2018 or XAT 2019 Score 35
Issues of Social Concern Score (IRMASAT 2019) 10
Group Activities (GA) Score 10
Personal Interview (PI) Score 20
Academic Performance 5
Diversity 5
Profile 15
Total 100

IRMA Results 2019 

IRMA Results 2019 and IRMA Merit List 2019 will be out as soon as the exams get over, i.e., on February 23, 2019. Check out the Complete IRMA Shortlisting Criteria HERE!

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IRMA Placements 2019: Highest CTC shoots to 50.31 lakh

IRMA Placements 2019 for the Batch 2017-19 have concluded. Maximum Salary offered was 50.31 lakh, bagged by the son of a BSF (Border Security Force) constable. Minimum Salary stood at Rs. 6.50 lakhs, chosen consciously by a student from the development sector.

Notably, median salary packages for IRMA’s 38th Batch of it’s two-year flagship programme has shot up to 14.7% to Rs. 11.47 lakh per annum as against Rs. 10 lakh offered last year.

Intrigued by the IRMA Placements 2019? Check out the IRMA Selection Process HERE!

IRMA Placements 2019

IRMA Placements 2019

  • The recently concluded placements at IRMA (Institute of Rural Management), saw 407 offers from 119 recruiters for the 38th batch of Post Graduate Programme in Rural Management (PRM 38).
  • IRMA Batch Size was 167.
  • IRMA Placements 2019, conducted between February 4 and February 9, 2019, hosted corporate bigwigs including Adani Wilmar, Godrej Agrovet, ITC Agribusiness, Pidilite, ICICI Bank, IDFC Bank, Tata Trusts besides renowned startups such as Grofers, Big Basket and NinjaCart.
  • 28 students received Pre-Placement Offers (PPOs) from several organizations.
  • Median Salary for IRMA graduates registered a 14.7% jump this year to Rs 11.47 lakh per annum as against Rs 10 lakh offered last year.
  • Salary from Corporate group recorded a robust 17% jump over last year. Average Salary stood at Rs. 14.24 lakh per annum as against Rs. 12.17 lakh last year.
  • Average Salary packages offered by the development sector organizations including NGOs, cooperatives and government development agencies stood at Rs 10.43 lakh per annum. Notably, this is over 10% higher than Rs. 9.47 lakh offered last year.
  • IRMA revealed Maximum CTC offered as  50.31 lakh. The Minimum CTC stood at Rs. 6.50 lakhs.
  • Also, IRMA received 407 job offers from 119 recruiters for the batch
  • Notably, this year, great interest from the CSR foundations for recruitment has been observed. Also, organised retail came in large number to recruit.
  • We have seen great demand from Rural Sales and Marketing segment,” Professor Pratik Modi, Placement Coordinator at IRMA, told renowned newspaper The Hindu Businessline.
  • Notably, IRMA Placements 2o19 experienced a substantial increase in the number of overall job offers compared to the IRMA Placements 2018..
  • Notably, Agribusiness, among all the verticals, saw the Maximum Average Annual Package at Rs 19.71 lakh, followed by FMCG and Retail at Rs 14.15 lakh and Rural Sales & Marketing at Rs 13.51 lakh.
  • ‘Amul’ marketer, Gujarat Co-operative Milk Marketing Federation (GCMMF) remained the top recruiter with 20 offers. Other cooperatives and producer cooperatives 32 offers in total.
  • 28 students took up offers by NGOs, development agencies and CSR foundations.
  • Organizations like UNICEF, Tata Trusts (FISE), Vedanta Foundation, Reliance Foundation, BAIF Development Research Foundation, BRLPS – JEEVIKA, Precision Agriculture for Development, Responsible Mica Initiative, REHWA Society, and Access Livelihoods Consulting (ALC) recruited through the IRMA Placements 2019.
  • Also, leading recruiters from Banking, Insurance and Finance include Fullerton, Vivriti Capital, Northern Arc, Caspian Impact Investments, ICICI Prudential, Bharati AXA, Reliance General Insurance along with several small Finance Banks.

Check out IRMASAT Expected Cutoff 2019!

IRMA Previous Years’ Placement Report

  • IRMA 2018 Placements also recorded 100% for its Batch 2016-18. The 37th Batch of its two-year flagship programme PG Diploma in Rural Management (PGDRM) were held on February 12-17, 2018.
  • Keeping up with its 100% Placement Record, 180 students from the Batch 2016-18 were placed within 3 days.
  • Highest Salary stood at Rs. 46.50 lakh. Lowest Salary offered was 3.5o lakh by a grassroots NGO.
Compensation Summary (CTC Per Annum)
Placement 2018 (All amount in Rs.)
Placement 2017 (All amount in Rs.)
Max
46,50,000
46,50,000
Mean salary (business organizations)
12,17,000
10,57,000
Mean salary (development sector organizations)
9,42,000
 9,37,000
Mean overall (business + development sector)
11,39,000
10,22,000
Median
10,00,000
8,40,000
Minimum salary
3,50,000
4,50,000
  • IRMA had received 315 job offers from 114 recruiters for the Batch 2016-18.
  • 18 students received PPO’s. (Pre-placement Offers)
  • The Gujarat Co-operative Milk Marketing Federation (AMUL) again was the largest recruiter in IRMA Placements 2018. It shelled out 16 offers.
  • Cooperatives/Producers Collectives as a sector recruited a total of 30 candidates.
  • KPMG recruited in the Consulting domain.
  • Highest number of graduates were recruited from Banking, Finance, and Insurance companies
  • Campus recruiters included ICICI Bank, IndusInd, IDFC Bank, Fullerton, Tata AIG, Bharati AXA, Reliance among others.

The IRMASAT 2019 Exam has commenced from February 11, 2o19 and would conclude by February 23, 2019. It is a national entrance test to secure admission into the PGDRM 2019-21 Batch. Notably, IRMASAT is the Social Awareness Test conducted by IRMA for admissions. Candidates need to appear for CAT/XAT Exam followed by the mandatory IRMASAT Exam, concluded by the Group Activity (GA) and Personal Interview (PA) Rounds.

Check out IRMA’s Shortlisting Criteria! 

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Finance Bill 2019 cleared by Lok Sabha

Finance Bill 2019 was passed by the Lok Sabha on February 12, 2019. In the Parliament Budget Session, both the Houses were adjourned. While the Lok Sabha cleared the Finance Bill 2019, the Citizenship Bill was not tabled in the Rajya Sabha.

Read the key highlights of the Finance Bill 2019 below.

Finance Bill 2019: Key highlights

Finance Bill 2019

  • The Finance Bill 2019 containing tax proposals was passed by the Lok Sabha with voice vote, completing the budgetary process in the Lower House.
  • Finance Minister Piyush Goyal, who earlier presented the Interim Budget 2019 also took a jibe at the Congress stating that the Modi government, unlike the previous UPA dispensation, in its Interim Budget 2019, did not reduce levies of the SUVs which are being used by the rich people.
  • Goyal also added that the tax-related proposals in the Finance Bill are aimed at enabling and helping the poor and the middle-class people living on a tight budget.
  • The Minister in the Finance Bill 2019 proposed to increase tax rebate for people with the annual income of Rs. 5 lakh to Rs 12,500 from Rs. 2,500 respectively. This will ensure that such people do not have to pay any taxes.
  • People having an annual income of over 6.5 lakh, or around 8-9 lakh can also take advantage of this tax slab if they invest in any tax saving schemes.
  • Notably, the next government post the General Elections 2019 will be coming out with the Full Budget in July. It would also contain a Finance Bill with tax proposals for the year 2019-20.

Ladakh Division: J&K government orders separate administrative division!

Piyush Goyal’s Tax Proposals

  • Elaborating on the tax proposals, Goyal also said that the decision to raise the rebate for people with an annual income of Rs. 5 lakh was for providing greater certainty regarding tax liability. This is so as salary payments to these people is subject to Tax deduction at Source. (TDS)
  • The proposal, Goyal said, was embraced with euphoria both in and out of the House and would provide requisite impetus to savings, alongside boosting economic growth.
  • He also added that the Modi government in its 4.5-year regime has tried to benefit every section of the society and the taxpayers as well.
  • This, he said, also resulted in the growing tax base in the country. Notably, as per him, the tax collections have doubled in the last 5 years, with Indian becoming the fastest growing major economy in the world. The higher collections, he said, have allowed the government to earmark more resources for the economically and socially deprived sections of the society.
  • Goyal also said that the proposal to raise the standard deduction from Rs 40,000 to Rs 50,000 and hiking TDS limit on interest income from Rs 10,000 to Rs 40,000 will provide relief to senior citizens.
  • Housing sector, he said, will also get a boost owing to the proposals including interest subvention, allowing capital gains tax exemption on purchase of two flats from proceeds of sale of a house and hiking rebate on repayment of home loans.
  • Goyal also highlighted that the government is working to ensure a house for every citizen of India, by the time the country is celebrating its 75th year of Independence.
  • The government’s policies have also helped in keeping the property prices under check, said Goyal, adding the non-performing assets, too, have remained low in the sector, probably because ‘housewives insist that the home loans are repaid in time.’

Iconic Union Cabinet Approvals 2019!

LTCG (Long Term Capital Gains) on Property

  • Long-term Capital Gains, or LTCG, is the tax paid on profit generated by an asset such as real estate, shares or share-oriented products held for a particular time-frame. It, however, is different for different products.
  • The Finance Minister Piyush Goyal announced that the LTCG taxes arising out of a sale of property of upto Rs. 2 crore can be used to by 2 properties.
  • Presently, individuals can only reduce their LTCG on sale of property by buying a single house. The caveat here is that an individual can only claim this extended benefit once in their lifetime.
  • Also, even though one more house property can be claimed as an exemption, the total deduction on loss from house property remains the same as Rs 2 lakh.

Lok Sabha clears Triple Talaq Bill!

Currrent Tax Slabs (For Individual Taxpayers)

Income Tax Slab

Individual below the age of 60 years

Upto Rs. 2.5 lakh

Nil

Between Rs. 2.5 lakh – Rs. 5 lakh

5% of total income exceeding Rs. 2.5 lakh

Rs. 5 lakh – Rs. 10 lakh

Rs. 12, 500 + 20% of the total income exceeding Rs. 5 lakh

Above Rs. 10 lakh

Rs. 1.12 lakh + 30% of the total income exceeding Rs. 10 lakh

*Additional 4% on health and educational cess on each slab

Income Tax Slab

For Senior Citizens (60 years 80 years)

Upto Rs. 3 lakh Nil
Between Rs. 3 lakh – Rs. 5 lakh

5% 

Rs. 5 lakh – Rs. 10 lakh

20%

Income more than Rs.10 lakh

30%

*Additional 4% on health and educational cess on each slab

Lok Sabha clears Consumer Protection Bill, 2018!

Other Tax Relief Measures

Finance Bill 2019

  • Additional deductions on home loans, people with even higher income will not need to pay taxes.
  • The total tax benefit of Rs. 18,500 crore to an estimated 3 crore taxpayers.
  • For salaried people, however, standard deduction is raised from Rs 40,000 to Rs 50,000 per annum.
  • Also, exempt levy of income tax on notional rent for second self-occupied house.
  • Tax deducted at source threshold on interest earned on bank/post office deposits to be raised from Rs 10,000 to Rs 40,000. TDS threshold on rent to be raised to Rs 2.4 lakh. Affordable housing tax benefit extended for one more year.

Quota Bill for Upper Class Poor

Verdict

Notably, the Narendra Modi government, through the revised tax breaks and slabs, is clearly looking to woo India’s salaried middle-class ahead of the upcoming General Elections. Also, Lok Sabha has passed both the Finance Bill 2019 and the Appropriation Bill to give the government authorisation of spending certain sums till the next government presents the full Budget for 2019-20.

Watch this space for your daily dose of GK and Current Affairs.

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IIM Ahmedabad Placement 2019: Cluster 2 has Birla, Flipkart as top recruiters

IIM Ahmedabad Placement 2019 season has begun! The IIM Ahmedabad Placement 2019, Cluster 2 for its PGP-FABM Programme was successfully completed on February 11, 2019. Notably, CK Birla made the maximum number of offers, 10 offers, in IIM Ahmedabad’s 2-year flagship programme. Aditya Birla Group, Flipkart and Samsung followed with 9 offers each. Around 30 companies participated in FABM Placements in IIM Ahmedabad Placement 2019.

Notably, IIM Ahmedabad Placement 2019 Report does not disclose the salary package figures until it completes its audit in the months of August-September respectively. 

IIM Ahmedabad Cluster 1 Placements here!

Cluster 2 of the Final Placements 2019 saw diversity in roles. The General Management firms offered leadership roles in Conglomerates across geographies, closely followed by Consumer Goods firms.

IIM Ahmedabad Placement 2019: Placements (Cluster 2)

  • IIM Ahmedabad Final Placement Process for the PGP-FABM (Post-Graduate Programme in Food and Agribusiness Management) for the batch of 2017-19 was conducted on February 11, 2019.
  • Domains for IIM Ahmedabad Placement 2019, Cluster 2, included FMCG, Agri Inputs and Services, Food Processing and Supply Chain, Food and Agribusiness PE-VC, Food and Agri Consulting, Agri Commodity Trading, e-Commerce, and Retail.
  • Top recruiters included CK Birla Group with 10 offers (including pre-placement offers) besides several offline and online retail players and agri-focused companies.
  • Aditya Birla Group, Flipkart and Samsung were close on heels with 9 offers each.
  • Godrej Agrovet, PI Industries, Jain Irrigation, Pioneering Ventures, Ninjacart and Waycool extended 3 offers each.
  • First-time recruiters included Ernst and Young (EY), RBL Bank and Reliance Foundation.
  • Rabobank and INI Farms re-engaged for IIM Ahmedabad Placement 2019, Cluster 2.
  • Regular recruiters in IIM Ahmedabad Placement 2019 included Asian Paints, HUL, General Mills, ITC, Mondeléz, Nestlé, P&G, Reckitt Benckiser, Emaar, KPMG, Cloudtail, ADM, Mahindra, Reliance, RPG, Amazon and Myntra among others.
  • The students also embraced opportunities with start-ups in the agribusiness domain like Agrostar, Gramophone, and Our Foods.
  • Finance, Sales & Marketing, Supply Chain, Operations, Commodity Trading, Project Management and Consulting were also taken up enthusiastically by students.

IIM Ahmedabad Placement 2019: The Cluster Approach

IIM Ahmedabad Placements 2019

The Indian Institute of Management, established on December 11, 1961, is one of the top management institutes in the country. It is the second management institute to be established after IIM Calcutta and ranks among the best B-schools in both India and the Asia-Pacific region. IIM Ahmedabad, a public business school, offers Post-Graduate Diploma programmes in Management and Agri-business Management, a fellowship programme and a variety of executive training programmes.

IIM Ahmedabad has a Cluster-based approach for the final placements, where companies offering similar job profiles and positions are grouped into cohorts, which are then invited to the campus in particular clusters.

Notably, this year there are 3 Clusters held on February 8, 11 and 14 respectively. IIM Ahmedabad, however, has stated that if need be, it will follow a Rolling Process post Cluster 3 as well.

Cluster 1

It comprised of 5 cohorts. Saw other regular recruiters namely A.T. Kearney, Bain & Co., Goldman Sachs, HSBC, McKinsey & Company, Monitor Deloitte, and Oliver Wyman, among others. 

Cluster 2 

It comprised of 6 cohorts. 30 companies participated in the FABM Placements. As per an IIM-A official, Advertising & Media, Consumer Goods, Consumer Services, Consumer Electronics, General Management and Leadership and Retail B2B & B2C. Regular recruiters in included Asian Paints, HUL, General Mills, ITC, Mondeléz, Nestlé, P&G, KPMG, Mahindra, Reliance, Amazon and Myntra among others.

Cluster 3

Will be conducted on February 14, 2019.

IIM Ahmedabad Placement Trends

S No.

Salary component

Placement 2018 (Rs.in Lakhs)

2017 (Rs.in Lakhs)

2016 (Rs.in Lakhs)

1. Maximum Salary

72

53

48

2. Average salary

24.45

22.58

22.14

3. Median salary

23

22

21

4. Minimum salary

13.7

9.00

11.5

Notably, The cluster-cohort system is unique to IIM Ahmedabad. The Cluster system is meant to motivate students to consider career choices based on role and sector.

There is also a Dream Applications Programme at IIM Ahmedabad, which allows a student to sit for 5 more companies post securing an offer. The cluster-cohort system has also enabled hosting of recruiters in a fair and transparent manner leading to stronger relationships between IIM Ahmedabad and the recruiter community.

IIM Calcutta Placements 2019, IIM Lucknow Placements 2019, IIM Kozhikode Placements 2019

IIM Calcutta Placements 2019 were held on February 11, 2019 for its 54th batch of PGP Class 2019. It completed its Final Placements 2019 in just one day and saw 100% Placements.

441 students participated and bagged 501 offers from top recruiters. Average Salary rose to Rs. 25.36 lakhs. Consulting domain claimed highest share in recruitment with 29% placement, followed by Finance with 21% share.

Accenture has turned out to be the largest recruiter with 24 offers. IIM Calcutta has not shared the highest salary package for PGP 2017-19 batch. Highest Salary for 2017 at IIM Calcutta was Rs.75 lakhs.

IIM Lucknow Placements 2019 registered 100% Final Placements 2019 for its 33rd batch of 460 students within 3 days. The recruitment drive reportedly had over 147 international and domestic recruiters. 

The top segments based on roles offered were Consulting (32%), General Management (14%), Finance (16%), Sales and Marketing (16%), E-commerce (15%) and Systems/IT (10%).

Accenture, Deloitte and Boston Consulting Group were the top 3 recruiters. 

IIM Kozhikode Placements 2019 also saw 100% Final Placements 2019 with a 16% increase in both the mean and median salary. Average Annual CTC exceeded 20 lakhs, which was 13% more than last year.

Notably, in a batch of 373 students, IIM Kozhikode witnessed 366 students participating in the Final Placements 2019 process with 390 offers from 107 recruiters. However, 7 students chose to opt out of the process.

Major recruiters included Amazon, Boston Consulting Group, Deloitte, EY, Goldman Sachs, HUL, JPMorgan Chase & Co., Optum and PwC. 21 new recruiters included Bain & Co, Citrix, Exide, Everest Management Consulting, HSBC Securities, IQVIA, Of Business and State Street. 

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Ladakh Division: J&K orders separate administrative division

Ladakh, a region in the Indian state of Jammu and Kashmir, has now been granted a separate divisional status by the Jammu and Kashmir government under Governor Satya Pal Malik. Notably, Ladakh is now separated from Kashmir is now the third administrative and revenue division of Kashmir. This division will comprise Leh and Kargil Districts with its headquarters located at Leh, said an official handout on Friday.

Uttar Pradesh Budget 2019: Cattle, women, Ayodhya and more!

Why does Ladakh want a separate division?

Ladakh

  • As per a PTI report, Ladakh, which will comprise of Leh and Kargil districts, will now have a separate divisional commissioner. It will also have an inspector general of police (IG) with a full administrative and revenue division at par with Kashmir and Jammu divisions, the administration’s order said.
  • Notably, Prime Minister Narendra Modi visited Ladakh. And, within a week of his visit, the division was announced.
  • Saugat Biswas, a 2006-batch IAS officer of J&K cadre, has been appointed the Divisional Commissioner for Ladakh.
  • Ladakh ranks among the most sparsely populated regions in Jammu and Kashmir. It has a population density of only 3 inhabitants per square kilometre. This is really sparse in comparison to Srinagar, which has a population density of 703.
  • Ladakh is also the highest plateau in the state. Notably, most of Ladakh is over 9,800 feet above the sea level. The region is also geographically isolated with an inhospitable terrain.
  • One core issue with Ladakh is that it remains isolated from the rest of the country for nearly half the year, i.e. 6 months. Also, air travel via Leh is the sole mode of transport available. This makes it impossible for people to visit the remaining parts of the country. This remoteness is the reason for its being eligible for the establishment of a separate division.
  • P Stobdan, former Ambassador and the founding President of the Ladakh International Centre in Leh, said the move will help address problems of local governance to some extent. He said: “Till now, the district was overlooked by a junior officer but now, it will be overseen by a separate divisional commissioner and IG of Police, which will streamline the process.”
  • Commending the move, Stobdan also added that besides featuring in the strategic political calculations of the Centre, the decision also holds weight due to its importance for national security. “Ladakh shares its borders with both China and Pakistan, and cannot be allowed to drift against the current context of destabilising forces in the state,” he said.
  • The division also holds significance as the Ladakhi people have felt ‘ignored’ for long, due to problems pertaining to administrative, governance, slow action and delivery of development schemes and in redressal of  public grievances.
  • Ladakhis also complain that the region’s unique culture and politics are not duly recognized and given importance as different from that of Kashmir’s culture. “The issue has been discussed at various fora and there has been a persistent demand for the creation of division for Ladakh from many organisations, including the Ladakh Autonomous Hill Development Councils (LAHDC) Leh and Kargil,” the order said, as per PTI.
  • Ladakhis have strongle expressed their desire for autonomy owing to fundamental differences between them and Kashmir, in terms of ethinicity, language and culture.
  • A resolution passed by the All Religious Joint Action Committee (ARJAC) of Ladakh in 2016, which had demanded a Union Territory status for Ladakh, had said: “Ladakh is fundamentally different from Kashmir in all respects — culturally, ethnically and linguistically. Over the years the successive governments of the state have adopted a policy of discrimination and subversion towards the region with the sole objective of stifling its people and marginalising its historical, religious and cultural identity.”
  • Ladakh people have been for a long time demanding effective local institutional arrangements for accelerating the pace of development and equitable all-round growth and development.
  • Notably, Ladakh is India’s largest district, with ‘disputed’ borders and two belligerent neighbours. It was, however, being administrated only by a very junior officer till now, as per a Quint report.
  • Also, the Ladakh division holds political significance due to its timing because the national elections are just round the corner, Stobdan pointed out that the Bharatiya Janata Party (BJP), despite not having a local government in Ladakh, aims to appease voters in the region through this move. It was also BJP’s election promise to the Ladakhis in the year 2014 that it would provide them with a separate legislative status in the form of UT status, which the Ladakhis have been seeking since 1951. This was unattainable due to constitutional restrictions till now.
  • The Ladakh division, now, is reportedly the biggest division in the state with 86,909 sq. km of area, followed by Jammu division of 26,293 sq km at second and Kashmir Division of 15,948 sq km at third.

Iconic Union Cabinet Approvals 2019!

After Ladakh Division, Pir Panjal-Chenab Valley demand similar status

  • Shutdowns in Kargil witnessed in the wake of the Ladakh Division. People in Kargil are protesting the move. All the government offices in Jammu and Kashmir’s Kargil remained shut on February 11, 2019.
  • All political, social and religious groups of Kargil supported the bandh. They also refused to be part of the newly created division unless there is a six-month rotation of the offices between Leh and Kargil. Notably, the new headquarters of Ladakh will now be based out of Leh.
  • Jammu region also recorded intense footfall by protestors, who threatened to intensify the protests in case their demands are not met.
  • It was a decision in haste and we are protesting the way Kargil has been discriminated against. It’s unacceptable to have the divisional headquarters in Leh. If it’s not reviewed, we will prefer to remain a part of Srinagar division,” said Sajad Hussain, social activist from Kargil.
  • Also, leaders of the Muslim-dominated Pir Panchal and Chenab Valley are threatening protests if a similar tag is not granted to their regions.
  • While some are looking at Ladakh division as a larger plan for it to become a ‘union territory,’ others are looking at it through communal glasses.
  • Former J&K Chief Minister and National Conference leader Omar Abdullah on Friday said his government will grant Chenab valley and Pir Panchal regions the status of division if his party is elected to power in the Assembly elections that are expected later this year.

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Verdict

While the people of Ladakh have welcomed the move, the people of Kargil are continuously opposing it and protesting for autnomy for Pir-Panjal and Chenab Valley even in the bone-chilling cold. The clamour for power is rapidly gaining momentum. While the Buddhist-majority Leh is seeking a Union Territory status, Shia Muslim-majority Kargil has strong voices for more administrative autonomy within the state.

Keep watching this space for your daily dose of GK and Current Affairs.

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GD Topics 2019: 50 Common GD Topics for MBA

GD Topics 2019 to help you tackle this GD-PI season in the MBA Admissions 2019, which has begun from the February 2019 and will most likely go on till April – May 2019 for top management institutes like FMS Delhi, the baby IIMs among others. Read this article to know about 50 Common GD Topics for MBA Admissions 2019.

Why Group Discussion for MBA Admissions 2019?

GD Topics 2019

Group Discussion (GD) along with PI (Personal Interview) and WAT (Writing Ability Test) process for MBA Admissions 2019 is the second stage of the Selection Process of the B-Schools and is viewed as a personality assessment stage. GD, PI and WAT are all tools to assess a candidates’ aptitude, interest and personality.

The aim of a Group Discussion is to analyse a candidate’s ability to think, process information and present it coherently. Candidates in an MBA GD Round are given a critical piece of information wherein they have to collectively work in a group, think of a solution to a particular problem or bring about a fresh perspective. B-Schools through the GD Round try to comprehend the candidates’ ability to speak, interact with peers, lead, work in team, work under pressure and deliver results – basically all of the qualities which are indispensable to an effective and efficient manager.

The objective behind this exercise, the GD Round, is to present a group of human beings a task to accomplish successfully, with the expectation that they will reorder, rearrange or decode the unstructured and the complicated and bring to it some order to structure. In this process, each candidate tends to reveal few of their personal characteristics, which seals his/her fate into securing admission into their favourite B-school.

There are some B-Schools which organise Case Discussions instead of simple Group Discussions. A Case Study simulates a real-life situation, forces you to pull up your socks and come up with an action plan to get the best possible solution. There are no fixed solutions for any case study, however, there can be a probable best solution which the group is supposed to collectively arrive at.

Given below are some GD Topics 2019, which are Commonly Asked GD Topics, to enable you in your GD-PI Preparation for MBA Admissions 2019.

1. Is the concept of Non- Violence still applicable?

2. Rural Vs Urban development.

3. Social Networking is a menace.

4.10% Quota Reservation Bill for General Category Poor Passed: IIMs, IITs likely to increase seats in 2019

5. How would you address following problems in a country like India

  • Sex ratio 
  • Tuberclosis
  • Tobacco / Oral Cancer
  • HIV
  • Teen Pregnancy
  • Female Infoeticide
  • Diabetes
  • Communicable illness
  • Depression

6. Did MeToo Campaign get lost in unethical claims of few women?

7. Mobilizing masses on basis of caste, creed, and colour. Is it right or wrong?

8.Role of Ethics in Human Resources Management.

9. Importance of ensuring gender diversity in workforce.

10. Animal research is a moral Crime.

11. How to reduce workplace harassment?

12. Appropriate age for adulthood is 18, 21 or 25 years?

13. Indian Economy in 2018-19: Performance & Policies of Modi Regime

14. Are we producing a generation of burnt out children?

15. Are women capable of taking more stress as compared to men?

16. Are women fit to join Army?

17. Arranged marriages vs. love marriages.

18. Black money- How black is it?

19. Brain Drain is good for the country.

20. Are women good managers?

21. Why MBA?

22. Is there a rat race to do an MBA?

23. Marketing decisions at shopping mall.

24. Privatization in India and its impact.

25. Advertisements- helpful to customers or just eyewash.

26. Is blackboard learning superior to managerial experience?

27. Does Corporate World promote Entrepreneurship?

28. B-schools fit square nuts into round holes.

29. Linking of Aadhaar: Is making Aaadhar mandatory a good idea?

30. Net Neutrality is essential to make India Digital

31. Advertising is all glitter and no substance.

32. MBAs do not make good business leaders.

33. Change is the only constant

34. Merger of Public Sector Banks: How beneficial is the merger of Banks?

35. Union Budget: Merging the General & Railway Budget will save exchequer from unnecessary spending

36. Is management degree essential to be a manager?

37. Consumer is the king in today’s market.

38. What matters more – Outlook or Talent?

39. You would not like to be the Prime Minister of India because…

40. Individual’s Data Privacy: Protection is More Important than Before

41. Happiness is a mystery; like religion and it should not be rationalized.

42. Law is the creation of the strong to rule the weak.

43. Haste makes waste.

44. Food is more important than Ethics.

45. Indians perform better as a group?

46. A bullet for a bullet – is this a right strategy.

47. Is it necessary to wear a tie to office meetings?

48. A ship docked on the shore cannot move into the storm

49. There is no right way to do a wrong thing.

50. Year 2025

Key Elements of GD-PI for MBA Admissions 2019

  • Needless to say, every candidate must know the entire process of GD-PI-WAT for their MBA Admissions 2019, so they are not lost, surprised or taken aback when the rounds begin.
  • Know how to conduct yourself during these activities, for you know what you will be tested for, given marks for and lose marks for. Prepare accordingly and know the do’s and don’ts of the GD Round.
  • Prepare the GD Topics 2019 well so you gain confidence and can execute your knowledge well in the GD Round for MBA Admissions 2019.
  • Simultaneously, enhance your background and current affairs knowledge so you can have a coherent thinking process, develop sharp logical ability and argumentative skills and build up arguments to support or oppose whatever GD Topics 2019 you are preparing for and which can be posed in the GD Round.

MBA Admissions 2019-20: MicroPresentation Topics!