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Best MBA in HR Colleges in India | 2020 Rankings

Best MBA in HR Colleges in India 2020: MBA in HR is one of the most popular MBA programmes that every graduate opts for. So a degree like an MBA in HR Management will equip you with all the key skills, concepts and knowledge to manage human resources in a most efficient way. So, if you are interested in opting for an HR role, mentioned below are some of the finest and most popular MBA Colleges for HR that you may consider joining or setting as your target for 2021. 

The total number of opportunities, kind of recruiters, profiles offered, packages offered, faculty in respective specialization and the domain-specific exposure are some of the factors taken into consideration for ranking the institutes. Also, the colleges have been put into clusters for specialization-wise rankings as there is almost no difference in colleges put into the same cluster for the respective specialization. 

Best MBA in HR Colleges in India

Top MBA Colleges for HR: Star Cluster 2020

Cluster B-School
Star Cluster Xaviers Labour Relations Institute Jamshedpur (XLRI)
Tata Institute of Social Sciences, Mumbai (TISS)

Top MBA Colleges for HR: Cluster I 2020

Cluster B-School
Cluster I Management Development Institute, Gurgaon (MDI)
Indian Institute of Management, Lucknow (IIM L)
Symbiosis Center for Management and Human Resources Development (SCMHRD Pune)
Symbiosis Institute of Business Management, Pune (SIBM Pune)

Xavier Institute of Management, Bhubaneswar (XIM B)

Top MBA Colleges for HR: Cluster II 2020

Cluster B-School
Cluster II
Indian Institute of Management, Ranchi
MHRM, IIT Kharagpur
Narsee Monjee Institute of Management Studies, Mumbai (NMIMS)
International Management Institute, New Delhi (IMI New Delhi)
MBA(HRD), University of Delhi

As we witness the changing parameters of employee relations and industry interface, the role of an HR manager is no longer limited to the traditional personnel functions. A career in HR promises a wide variety of job roles, higher compensations, a position of repute in the company and brings lucrative career opportunities. And a degree like an MBA in HR Management will equip you with all the key skills, concepts and knowledge to manage human resources in a most efficient way. So if you are someone who is passionate about all this, then an MBA in HR is the right choice for you.

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Impact of Coronavirus on Indian Healthcare Sector

Coronavirus Impact on Indian Healthcare Sector: The coronavirus pandemic has sent shockwaves to the health system, societies, and economies around the world. The impact of the coronavirus pandemic is clearly visible in financial markets. But there is still no clarity on the deeper impact that it is having across various sectors.  

The healthcare sector is at the epicenter of this unprecedented global pandemic challenge and the pandemic is likely to cost huge to the health sector. Though private hospitals are extending full support to the government in terms of equipment, isolation wards, and workforce, the health industry is bound to face challenges. The pandemic has decreased the surgeries, international patients, and OPD footfall. It will impact the cash flows of hospitals as 80% of the costs are fixed. That apart, the crisis has hit hard the medical devices industry. The situation in China has disrupted the exports of critical raw materials and the export of medical devices.

Coronavirus impact on private healthcare providers

Unlike other sectors, this sector is facing a twin-burden: (a) Investing additional manpower, equipment, consumables, and other resources to ensure 100 percent preparedness for safety in the hospital(s) and eventual treatment of patients, if needed. (b) Experiencing a sharp drop in OP footfalls, elective surgeries, and international patients.

While they have been feeling the burden of Covid-19, private hospitals and nursing homes that constitute more than 60 percent of beds at 8.5-9 lakh, 60 percent of in-patients and 80 percent of doctors in India have been investing heavily in manpower, equipment, consumables and other resources to ensure 100 percent preparedness for safety in the healthcare facilities and eventual treatment of patients, if needed.

The industry has been witnessing a loss of business and this trend is expected to continue for the foreseeable future (at least 3-6 months), and the fact that the sector’s costs are predominantly (around 80 percent) fixed, it is expected that there will be losses and severe impact on cash flows.

The private healthcare sector would need liquidity infusion, indirect and direct tax benefits, and fixed cost subsidies from the government to address the disruption. It is likely that whenever the government announces any fiscal stimulus, this industry will be looked at favorably. The industry is also likely to benefit from increase awareness about healthcare and the more government focus that this endemic is likely to result in.

Coronavirus impact on the medical devices industry

The medical devices industry has also taken a hit. The country imports consumables, disposables and capital equipment including orthopedic implants, gloves, syringes, bandages, computed tomography and magnetic resonance imaging devices from China. Due to the current crisis in China, the medical device manufacturers across India are finding it difficult to source important raw materials and electronic components from Chinese factories. Even though some of the factories in China have restored operation, shortage of some critical electronic parts and raw material still exists. This is adversely affecting the margins and profitability of Indian companies importing medical devices and small components to manufacture finished products. This can also put upward pressure on the prices of medical devices in the short term.

Coronavirus impact on pharmaceuticals

Pharmaceutical drugs made in India are known for quality standards and are exported to developed economies. However, the Indian pharmaceutical industry is facing fierce competition from China as it has more significant cost advantages. The disruptions in the supply of low-cost API from China have decreased the efficiency of the operations of the pharmaceutical industry. The supply-side disruption will cut 10-15% of their revenue. However, the sector will revive soon as the government extends full support. Also, resumption in China’s drug production will alleviate the supply chain as India imports 85% of pharmaceuticals ingredients from China.  

Overall, the world is in a dramatic shock, facing a series of challenges. Therefore, the government must make a balance between lives and livelihood to reboot the economy in the right way.  

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Key Takeaways and Breakup of Covid Stimulus Package

Covid Stimulus Package: In response to the biggest economic crisis since 1979 triggered by the Covid-19 pandemic and the subsequent lockdown, the Union Finance Minister Nirmala Sitharaman announced Rs 20 lakh crore economic stimulus package. From the Health Sector to the privatization of public sector enterprises, Nirmala Sitharaman took the aggressive approach in healing the economy from the hit taken by the coronavirus pandemic.

The package of Rs 20 lakh crore has been divided between measures that the government is taking now and the measures that it has taken earlier. The measures announced by Nirmala Sitharaman in her 5 days of economic stimulus press conferences sum up to Rs 11,02,650 crore while the measures that were taken earlier along with the measures taken by the Reserve Bank of India sum up to Rs 9,94,403 crore. Here’s the break-up of ₹20 lakh crore ‘Aatm Nirbhar Bharat’ stimulus package:

Covid Stimulus Package Break-up

Items (Rs Crores)
Part 1 5,94,550
Part 2 3,10,000
Part 3 1,50,000
Part 4 & 5 48,100
Earlier Measures 1,92,800
RBI Measures (Actual) 8,01,603
Grand Total 20,97,503

Earlier measures: ₹1,92,000 crore

  • Revenue lost due to tax concessions announced since March 22: ₹7,800 crore
  • PM Garib Kalyan Package: ₹1,70,000 crore
  • PM’s announcement for the health sector: ₹15,000 crore

Tranche 1: ₹5,94,550 crore

  • The five-part stimulus package announced beginning May 13 comprised ₹5.94 lakh crore in the first tranche that provided credit line to small businesses and support to shadow banks and electricity distribution companies.
  • Emergency working capital facility for businesses including MSMEs: ₹3 lakh crore
  • Subordinate debt for stressed MSMEs: ₹20,000 crore
  • Fund of fund for MSMEs: ₹50,000 crore
  • EPF support for businesses and workers: ₹2,800 crore
  • Reduction in EPF rates: ₹6,750 crore
  • Special liquidity scheme for NBFCs, HFCs and MGIS: ₹30,000 crore
  • Partial credit guarantee scheme 2.0 for liabilities of NBFCs and MFIs: ₹45,000 crore
  • DISCOMS: ₹90,000 crore reduction in TDS/TCS rates: ₹50,000 crore

Tranche 2: ₹3,10,000 crore

  • The second tranche included free foodgrain to stranded migrant workers for two months and credit to farmers, totalling ₹3.10 lakh crore.
  • Free food grain supply for migrant workers for 2 months: ₹3,500 crore
  • interest subvention for MUDRA Shishu loans: ₹1,500 crore
  • Special credit facility for street vendors: ₹5,000 crore
  • Housing CLSS-MIG: ₹70,000 crore
  • Additional emergency WCF through NABARD: ₹30,000 crore
  • Additional credit through KCC: ₹2 lakh crore

Tranche 3: ₹1,50,000 crore

  • Stimulus under Part-3 which included incentives for Food Micro Enterprises, totalling 1.5 lakh crore.
  • MFEs: ₹10,000 crore
  • PM Matsya Sampada Yojana: ₹20,000 crore
  • TOP to TOTAL: ₹500 crore
  • Agri infra fund: ₹1 lakh crore
  • Animal husbandry infra development fund: ₹15,000 crore
  • Promotion of herbal cultivation: ₹4,000 crore
  • Beekeeping initiative: ₹500 crore

Tranche 4+5: ₹48,100 crore

  • The fourth and fifth tranches that dealt mostly with structural reforms totalled to ₹48,100 crore.
  • Viability gap funding: ₹8,100 crore
  • Additional MGNREGS: ₹40,000 crore

This Covid relief package puts bold reforms to make India self-reliant so that any other crisis that may emerge in the future could be efficiently tackled.

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COVID-19: Comparative study between countries handling Corona

COVID-19: Whatever else the rapidly evolving and increasingly global health crisis may or may not do, it’s shining an unforgiving light on the relative capacities of national health systems. Even more importantly in the longer-term, perhaps, it’s providing a searching examination of political leaders, and the ability of very different political systems to deal with unexpected crises. 

COVID-19: India’s fight against Corona

Despite being the world’s second-most populous country, with more than 1.3 billion people, the COVID-19 infection rate in India remains low relative to population size. Some credit fast government action to quarantine people and shut borders. Taking rapid actions to limit travel by suspending visas and quarantining all incoming travellers has helped India. All international passengers entering India undergo Universal Health Screening. According to health officials, more than 1 million passengers have been screened at airports, limiting the entry of coronavirus.

The response also mirrors India’s reaction to previous disease outbreaks, including Ebola in 2014 and Nipah in 2018, when people were quickly put into quarantine or under surveillance. Apart from ensuring the safe return of hundreds of Indians from China, Iran and other countries, the Indian government has taken decisive measures to contain community spread.

The government was quick to recommend residents to avoid or postpone mass gatherings until the virus is contained. Government has also made disinfecting all public places, including government, private offices and shopping malls compulsory. All educational institutions, offices, stadiums and sports clubs are closed till further orders amid the coronavirus scare as a precautionary step.  

India is also working on a set of policy measures to combat the coronavirus and its economic impact and that may include cash transfers to workers in the informal sector. The RBI has also introduced measures to pump more rupee liquidity into the Indian banking system. Central and state authorities are asked to ensure regular supply of essentials such as food and medicines. India has also unveiled US$22 billion package to provide rations and cash to about 800 million people hit by the corona virus lockdown.  

COVID-19: USA’s fight against Corona

The United States is characterized by a noticeable lack of coherence in the administration’s corona strategy. At first, the government hesitated to take steps that would stop the spread of the virus at the expense of slowing economic growth. This reluctance changed when the high rates of morbidity began to emerge in a number of areas, and by late March the administration adopted drastic measures to limit the spread of the virus, in spite of the heavy economic price.

The US government has issued a proclamation under section 212(f) of the Immigration and Nationality Act (INA) to restrict travel to the United States from foreign nationals who have recently been in certain European countries. Section 212(f) of the INA only applies to the movement of human beings, not goods or cargo.

The President has announced an economic assistance package to help support businesses and workers who have been harmed by this outbreak. The US Government has instructed the Small Business Administration (SBA) to exercise available authority to provide loans to businesses affected by the coronavirus. The President has instructed the Department of the Treasury to defer tax payments for certain individuals and businesses negatively impacted by the coronavirus. This action will provide more than $200 billion of additional liquidity to the economy. The Administration has taken bold steps to incentivize the development of therapeutics and vaccines to treat and prevent the spread of the coronavirus. The Administration has announced that health plans with health savings accounts will be able to cover coronavirus testing and treatment without co-payments.

COVID-19: China’s fight against Corona

Social distancing, as proven effective measure, has been a major route that has been employed by the Chinese government. This includes organizing the professionals in the medical field, fulfilling their needs, cleaning up spaces for treatment as well as quarantine, etc. Several health policies, as well as financial exemptions were made. For example- China has explicitly ordered its banks to show tolerance towards the borrowers. 

Aggressive “social distancing” measures implemented in the entire country included canceling sporting events and shuttering theaters. Schools extended breaks that began in mid-January for the Lunar New Year. Many businesses closed shop. Anyone who went outdoors had to wear a mask.

Two widely used mobile phone apps, AliPay and WeChat—which in recent years have replaced cash in China. Restrictions were imposed on the movement of more than 930 million people. Body temperatures checked and travel history logged at entrances of residential areas and offices. Permits issued allowing only one person per household to go out. Drivers organised on a massive scale primarily to deliver food to homes and medicines to hospitals. WHO director general Dr Tedros Adhanom Ghebreyesus said China’s “coordinated and comprehensive approach” was critical in saving thousands from infection.  

COVID-19: South Korea’s fight against Corona

The Korean government, although being vigilant since the coronavirus outbreak in Wuhan in December, couldn’t stop coronavirus from entering the country since thousands of Chinese visitors on the eve of Lunar New Year already entered Korea. The government has since then been rapidly investigating the contacts of suspected and infected cases and sterilising the environment near the places visited by such.

Medical laws passed and quarantine laws amended. The amended law also allows the nation to refuse entry to people confirmed or suspected to have contracted the coronavirus disease. Further, the new laws allow the government to ban export or transfer of masks and other items. Leave of Absence and home-quarantining for employees. The Korean government has recommended employers to issue either 14 days of leave of absence (LoA) or work from home to employees returning from China. Those working at ticket gates and toilets and in buses, railway, subways, taxis have been advised to wear masks as a measure of hygiene.

What hasn’t been so widely reported is the country’s heavy use of surveillance technology, notably CCTV and the tracking of bank card and mobile phone usage, to identify who to test in the first place. And this is an important lesson for more liberal countries that might be less tolerant of such privacy invading measures but are hoping to emulate South Korea’s success.

Closing Thoughts

In addition, the comparative assessment raises two main conclusions: first, there are signs of a gap between the success of the fast containment measures taken by most countries in East Asia, and the Western countries where the epidemic has not yet been stopped. The gap in the ability to cope could derive from a number of causes, including: levels of preparedness and readiness in East Asia based on lessons learned from previous epidemics. In addition, although globalization has contributed to the speed of the coronavirus spread and the severity of the medical and economic emergency, the same world order – built on connectivity, data availability, and knowledge sharing between countries, organizations, and individuals facilitates cooperation in processes of learning and managing the crisis and as well as the subsequent recovery. 

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Why the road ahead for Swachh Bharat Mission is riddled with hurdles?

Swachh Bharat Abhiyaan has been instrumental in changing the sanitation scenario in India. The Swachh Bharat Abhiyan’s mission is problem that is not confined to just rural India. India has the world’s largest urban population. While implementation of total sanitation remains a huge challenge in rural India, there are some serious problems on the urban sanitation front which need to be tackled to make Swachh Bharat a success across India’s geography. Here are some major issues that are proving to be a roadblocks to fulfilling Urban India’s Swachh dreams.

Space Crunch

Urban metros and towns in India lack space. The task of constructing toilets in cities and towns with already limited space is an arduous one and urban civic bodies are often struggling to find enough space to build toilets. Especially in metros like Delhi, Pune and Mumbai, construction of individual household toilets is a big challenge due to the presence of numerous unauthorised colonies and slums.

Many of these households are not owned properties and are constructed in areas less than 120 square foot, thus eliminating any chance of a toilet being constructed in such households. The urban Indian population is also continuously on the rise, and is expected to add 500 million more by 2040, according to the United Nations, increasing the urban population to 830 million from the current 330 million.

Amidst this space crunch in urban India, where and how does the scenario of building toilets fit in? The Ministry of Urban Development has stressed on the building of more public toilets in cities so that people who do not have access to individual household toilets can access these. Building more public mobile toilets is presently a feasible solution to ensure that space crunch in urban spaces doesn’t force people to defecate in the open.

Lack of Funds

The Swachh Bharat Mission Urban is supposed to cost Rs. 62,000 crores, of which one-fourth will be borne by the Union Government and the rest by the state governments and the local municipal bodies. The last bit of the contribution remains the trickiest part, as municipal bodies often cite unavailability of funds. The Municipal Corporation of Delhi for example, was unable to begin work on any Swachh Bharat related projects last year, as their part of the financial contribution could not be provided on time. Another problem with the SBM (U) guidelines is that while Rs. 4,000 is provided to individual households for construction, there is no Central funding for public toilets.

Sewage Systems and Piped Water Supply

What could be worse than non-existent sewage systems? Outdated sewage systems which dump sewage directly to water bodies. Most Indian urban metros thrive on sewage systems which are constructed decades ago and still follow the pattern of carrying sewage directly to rivers or canals. 70 per cent of India’s urban sewage remains untreated. Sewage Treatment Plants (STPs) are more of bane than boons for India’s waste treatment initiatives, as 294 of India’s 816 STPs remain dysfunctional. Even regular water supply remains a distant pipe dream in urban India, as no Indian city provides 24×7 water supply to its residents. Only 49 per cent urban Indian households have access to piped water supply. Amidst outdated sewage systems and irregular piped water supply, the dream of a Swachh Bharat does dwindle down.

Conclusion

The sanitation challenges in urban India differ from the rural ones on several fronts. Problems of space, demographics, behaviour and finance are common to both urban and rural India but the nature of each of these problems differ as the habitations change from rural to urban. To ensure holistic success of Swachh Bharat, urban sanitation problems must be addressed during the tenure of Swachh Bharat to ensure total sanitation for all. Building of more public toilets and a proper solid waste management programme are the key issues which are to be tackled for the urban wing of Swachh Bharat to flourish.

One of the biggest problems the major urban spaces in India today face is outdated infrastructure, be it waste management or sewage. The rapid increase of slums and decrease in available spaces has also resulted in problems related to health and sanitation. More public toilets will ensure that a larger section of the urban population has access to sanitation facilities. The budget required to revamp urban India’s sewage and waste management systems can come only via public-private partnerships. 

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Jio Facebook Deal: Facebook buys 9.99% stake in Reliance Jio

Jio Facebook Deal: Reliance Industries (RIL) share prices rallied on April 22 after Facebook said it will invest $5.7 billion in Reliance Jio. The telecom unit of RIL sold a 9.99 percent stake to the US tech giant for Rs 43,574 crore. The investment makes Facebook the largest minority shareholder in Jio and values the platform at an enterprise value of Rs 4.62 lakh crore. It is the largest investment for a minority stake by a tech firm anywhere in the world. It is also the largest FDI in the technology sector in India and with this, the deal values Jio platforms among the top five listed companies in India by market capitalisation. RIL believes that comprehensive digitalisation will be an absolute necessity to revitalise the Indian economy in the post pandemic era. 

Jio Facebook Deal

Benefits of Jio Facebook Deal

India is the biggest market, in terms of subscribers, for the social networking giant’s flagship products, Facebook (over 250 million) and WhatsApp (400 million). The timing of the deal couldn’t have been better to bolster India’s image as a destination for foreign investment. The partnership creates a powerful entity for the Indian market, with competitors like Amazon and Walmart-owned Flipkart. 

‘Small is big’, that is Reliance Jio’s mantra for the future. It hopes to hem together myriad small businesses on its Jio platform to build India’s biggest e-commerce engine. That vision matches Facebook’s, which monetises its platform with listing of small businesses and would like more business to be done via Facebook and WhatsApp in India. Jio Money and WhatsApp Pay could have an important role as the enablers of e-commerce.

The Jio Facebook deal indicates that India’s post-Covid recovery will be fuelled by its retail sector. Foreign businesses have always wanted their finger in the retail pie. It is also no surprise that digital companies and payment service providers are also vying for the same pie. The FDI should be a welcome in the strained balance sheet of the too-big-to-fail Reliance.

The Jio Facebook deal gives the social media giant a firm foothold in a fast-growing market and will help the Indian oil-to-telecom conglomerate cut debt and boost its new online grocery marketplace JioMart. This deal is a great opportunity for Facebook to monetise WhatsApp and morph it into a version of WeChat for India. For kirana stores, in the near future, it might mean making a wider range of cheap fast mover consumer goods available to more consumers.

In the near future JioMart and WhatsApp will empower nearly 30 million small Indian kirana shops to digitally transact with every customer in their neighborhood.  RIL said the partnership will accelerate Jio’s pursuit of its vision to enable a Digital India for 1.3 billion Indians and Indian businesses, especially small merchants, micro-businesses and farmers. However, WhatsApp and Jio will remain independent entities with their own business models and compete where necessary, in line with the respective business models, and collaborate in other areas where they see synergies. 

Visible Threats

Facebook and Jio’s alliance will not only counter competitors like Amazon and Flipkart, but will rupture the entire ecosystem of e-commerce in India. First, it is important to remember that Facebook is piggybacking on Jio providing internet access in India. With an edge on data, this partnership threatens the very concept of net neutrality and opens the door to even more deep anti-competition tactics like deep discounting, etc. Amazon and Flipkart won’t be able to compete because they won’t have the leverage of data. Apart from this, digital payment apps like PayTM and PhonePay already facing cash crunches will be forced to join Jio and Facebook’s platforms.

Closing thoughts

The main focus of this Jio Facebook deal is to come up with digital-based solutions for 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector. The synergy between Jio and Facebook will help realise the ‘Digital India’ dream with its two ambitious goals — ‘Ease of Living’ and ‘Ease of Doing Business’ – for every single category of Indian people without exception.

In India, retail will never be a zero-sum game. The neighborhood kirana store has always been the cornerstone of the Indian food and grocery retail sector. Kirana stores have always weathered competition and upgraded to remain in business. However, India’s retail market is evolving. We must create a uniform retail policy, not just e-commerce, to facilitate new models of collaborative competition.

The Facebook investment is welcome news for the economy. With government investment constrained, and corporate investment drying up, Facebook’s bid will attract plenty of eyeballs globally. In a climate where the world is struggling to find a bright spot for growth, this is exactly the right kind of attention to grab. 

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XLRI Placement 2020: Domestic offers at INR 50 LPA

XLRI Placement 2020: Xavier School of Management has successfully achieved 100% placements for the outgoing batch of 2018-20 of its flagship programs: Two-year Postgraduate Diploma in Management – Human Resource Management and Two-year Postgraduate Diploma in Management – Business Management with all 359 candidates securing offers through the final recruitment process within two days. The Final Recruitment process saw participation from 108 recruiters with 362 domestic and international offers, inclusive of 24 new finals recruiters. 

XLRI Placement 2020

Key Highlights of XLRI Placement 2020

  • The median salary offered to the batch saw an increase to INR 23 lakhs per annum from 21 lakhs per annum in 2019
  • The average salary saw an increase to INR 24.30 lakh per annum from INR 22.35 lakhs per annum in 2019.
  • Multiple domestic offers at INR 50 lakhs per annum from the BFSI sector
  • The highest international offer stood at INR 58.5 lakhs per annum from the S&M domain
  • The batch received the highest number of offers made through PPOs: 43% of the batch
  • No. of new recruiters: 24
  • The top segments based on roles offered were Consulting, Sales & Marketing and BFSI.
  • KPMG and Pricewaterhouse Coopers made the highest number of offers among the regular recruiters.
  • New finals recruiters included companies such as Arga Investment Company, Tolaram Group, M H Alshaya, Myntra, Power Finance Corporation, Delhivery, JCB, Thoucentric, Welspun, Diageo, Varroc, CK Birla, amongst others.
  • Participation from PSUs like Power Finance Corporation, GAIL. 

XLRI Placement 2020: Sector-wise Turnout

The top segments based on roles offered were Consulting, Sales & Marketing, and BFSI. Consulting firms extended offers to 26% of the candidates. Sales & Marketing and BFSI constituted 21% and 17% of the roles offered to Business Management students, respectively. Other roles included niche functions in Product Management, Business Transformation, Brand Management and Finance.

KPMG, Pricewaterhouse Coopers made the highest number of offers amongst other regular recruiters such as The Boston Consulting Group, Accenture Strategy, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Standard Chartered, Capgemini ELITE, Hindustan Unilever, and others. 

New recruiters included companies such as Arga Investment Management, Myntra, Power Finance Corporation, Thoucentric Consulting, Welspun, Tolaram Group, M H Alshaya, JCB, TCS, Vedanta, amongst others.

XLRI Placement 2020: Consulting

Consulting was the biggest draw this year with firms such as McKinsey & Co., Bain & Co., The Boston Consulting Group, Accenture Strategy, Deloitte, PWC, EY, KPMG, AON, Korn Ferry, Vector Group, Everest Group, Thoucentric Consulting, Infosys and others participated in the process.

XLRI Placement 2020: FMCG, Telecom and Pharma

XLRI has established itself as a campus preferred by FMCGs and the trend continued this year with top firms such as P&G, Hindustan Unilever, ITC, Colgate Palmolive, Asian Paints, Samsung, and others participating. The process witnessed a surge in companies in the pharma sector such as Cipla, Dr. Reddy’s, Astra Zeneca, GlaxoSmithKline, among others. Giants in the automotive segment such as Maruti, Bajaj, JCB also participated in the process. Roles in Company Strategy, Sales & Marketing, Product Supply, Operations, Purchase, IT and Human Resources were offered.

XLRI Placement 2020: BFSI

Finance did exceedingly well this year aided by the participation of firms such as Arga Investments, Citibank, J.P Morgan Chase, Avendus Capital, Shannonside Capital, Goldman Sachs, Standard Chartered, ICICI, Power Finance Corporation, Belden, Edelweiss and others. Niche PE/VC roles were also offered for the first time by Motilal Oswal Group. The roles offered in this domain were Front End Investment Banking, Global and Corporate Banking, Wealth Management, Global Markets, Equity Research and Retail Banking. The increase in finance roles can be attributed to a higher number of candidates opting for the Finance specialization and a vibrant appreciation for finance in the form of finance associations and an in-house XLRI Student Investment fund.

XLRI Placement 2020: General Management

Roles in General Management were offered by conglomerates such as TAS, Aditya Birla Group, Mahindra, Capgemini ELITE, Reliance Industries, Xiaomi, RPG, Hinduja, ACT and others.

XLRI Placement 2020: ITES, E-commerce and Analytics

The firms in this segment include Microsoft, Amazon, Ola, Media.net, Google, Flipkart, Oyo Rooms, Tech Mahindra, HCL, TCS, EXL, and others. Mygate, Policy Bazaar, opened opportunities to students as well. The diverse set of roles offered were Strategy Advisor, Program Manager, Product Manager, Category Manager, Business Development, Territory Head, Analytics, and Recruiter.

XLRI Placement 2020: HR

XLRI is widely regarded as the best institution in the country for HR. HR roles were offered by firms spanning the spectrum of domains such as P&G, ITC, JP Morgan and Chase, Colgate Palmolive, Myntra, Ola, Power Finance Corporation, Samsung, C K Birla, and others. For the first time, Assistant Vice President roles were offered by Genpact to students on campus. M H Alshaya offered international roles in the HR domain. HR roles offered also included recruitment, HR consulting, Compensation & Benefits, and HR analytics. This year also saw healthy participation from PSUs like Power Finance Corporation, GAIL and others.

About XLRI, Jamshedpur

XLRI-Xavier School of Management, Jamshedpur is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the ‘steel city’ of Jamshedpur. Over the last six decades, the institute has grown into a top-ranking business management school of international repute with a wide portfolio of management programs and research publications. Its alumni are spread around the globe and have demonstrated responsible business leadership in their organizations. XLRI continually strives to contribute its mite to the professional growth and management of numerous organizations and institutions across industry sectors. XLRI has earned two prestigious International Accreditations, viz., AACSB – The Association to Advance Collegiate Schools of Business and AMBA – Association of MBAs. XLRI has also earned the National Board of Accreditation (NBA) accreditation. 

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IIM Kashipur Summer Placement Report 2020

IIM Kashipur Summer Placement Report 2020: IIM Kashipur has successfully completed 100% summer placements 9th year in a row. A total of 108 companies participated in the process offering 257 positions to 243 students who applied for summer internships through the institute.  

IIM Kashipur Summer Placement Report 2020: Key Highlights

Particulars Details
Total number of students 243
Total number of companies 108
Total positions offered 257
Highest Stipend ₹ 3,15,000
Average Stipend ₹ 70,131
Average Stipend of top 10 percent ₹ 2,02,212
Number of First time recruiters 61

Despite the sluggish economy, IIM Kashipur has registered 100 percent summer placement. A total of 108 companies participated in the process offering 257 positions to 243 students who applied for summer internships through the institute.

The highest stipend offered this year was ₹ 3,15,000. The average stipend for the season was ₹ 70,131 with the top 10 percent of students getting an average stipend of ₹ 2,02,212. The institute saw the number of companies visiting for placements increase by 32%. There has been a 12% rise in the average stipend offered despite the increase in batch size.

IIM Kashipur Summer Placement Report 2020: Top Recruiters

  • Students were placed across sectors such as BFSI, FMCG, Healthcare, Advertising, Technology, Manufacturing, Operations, E-Commerce, Retail, Education, Media, Entertainment, Food and Beverages, etc.
  • The BFSI sector continued to be the dominant player in recruitment with renowned firms like ICICI Bank, Tata Capital, Yes Bank, SIDBI, Bajaj Finserv, OfBusiness, Tresvista, IDBI, Ujjivan among many others offered lucrative roles to students across the domains of Marketing, Finance, Retail, Operations and HR. 
  • The institute saw participation from organizations like Deloitte, EY, Sutherland, Mphasis, 4TiGo, Puma, Cinepolis, Angel Broking, CL Educate, L&T Technology Services, Droom, MAQ Software offering cross functional roles across various domains.
  • There were 61 first time recruiters including organizations like Godfrey Philips, OLX, Amar Ujala, Apollo Tyres, ONGC, BHEL, Hafele, Micelio, Larsen & Toubro Group, Tredence Analytics, and Oorjan.
  • All 29 female candidates received offers from brands like EY, Deloitte, ICICI Bank, OLX, Godfrey Philips, IDBI across domains like Finance, Marketing, Strategy and HR. 

IIM Kashipur looks forward to continuing association with the corporate sector at different platforms ranging from administration to the academia. This year IIM Kashipur is starting its Two-Year Full-Time MBA Analytics program to cater to the growing industry needs.  

Prepare for CAT 2020 now and get into a Top B School | Check out Top MBA Courses here. 

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Union Budget 2020 Highlights

Union Budget 2020: With the economy hitting a six-year low GDP growth, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020 on Saturday that focused on raising the purchasing power by cutting income tax rates and boosting rural income.  

Union Budget 2020

Union Budget 2020: Taxation

  • In a shot in the arm for the middle class, Sitharaman has proposed a new simplified tax regime. 10% tax for income between 5 lakh-7.5 lakh; 15% tax for income between 7.5 lakh to 10 lakh; 20% tax for income between 10 lakh to 12.5 lakh; 25% tax for income between 12.5 lakh to 15 lakh ; 30% tax for income above 15 lakh. No income tax for those with taxable income below Rs 5 lakh.
  • To simplify the tax system and lower tax rates, around 70 of more than 100 income tax deductions and exemptions have been removed.
  • Dividend Distribution Tax (DDT) abolished; Companies will not be required to pay DDT; dividend to be taxed only at the hands of recipients, at applicable rates.
  • Cash reward system envisaged to incentivise customers to seek invoice.
  • 15% concessional tax rate for new power generation companies.
  • Tax on cooperative societies reduced to 22% without exemptions.
  • 100% tax concession to sovereign wealth funds on investment in infrastructure projects.
  • Tax on Cooperative societies to be reduced to 22 per cent plus surcharge and cess, as against 30 per cent at present.
  • To end tax harassment, new taxpayer charter to be instituted. Tax harassment will not be tolerated, says FM.
  • Proposes to amend Companies Act to bring criminal liability in certain areas.
  • To amend I-T Act to allow faceless appeals.
  • To launch new direct tax dispute settlement scheme – Vivaad se Vishwaas scheme.
  • Interest and penalty will be waived for those who wish to pay the disputed amount till March 31.
  • Government to look at ensuring that contracts are honoured.
  • Proposes new National Policy on Official Statistics to improve data collection and dissemination with the help of technology.
  • Aadhaar-based verification of taxpayers is being introduced to weed out dummy or non-existent units; instant online allotment of PAN on the basis of Aadhaar.
  • Registration of charity institutions to be made completely electronic, donations made to be pre-filled in IT return form to claim exemptions for donations easily. 

Union Budget 2020: Housing

  • Tax holiday for affordable housing extended by 1 year. Additional deduction up to Rs. 1.5 lakhs for interest paid on loans taken for an affordable house extended till 31st March, 2021. 

Union Budget 2020: Investment

  • Govt plans to sell part of its holding in Life Insurance Corporation (LIC) by way of Initial Public Offering.
  • Certain specified categories of government securities will be open fully for NRIs, apart from being open to domestic investors.
  • FPI limit in corporate bonds raised to 15% from 9%.
  • The government doubles divestment target for the next fiscal at Rs 2.1 lakh crore.
  • Expand Exchange Traded Fund by floating a Debt ETF, consisting primarily of govt. securities.

Union Budget 2020: Indirect Tax 

  • Customs duty raised on footwear to 35% from 25% and on furniture goods to 25% from 20%.
    Excise duty proposed to be raised on Cigarettes and other tobacco products, no change made in the duty rates of bidis.
  • Basic customs duty on imports of news print and light-weight coated paper reduced from 10% to 5%.
  • Customs duty rates revised on electric vehiclesand parts of mobiles.
  • 5% health cess to be imposed on the imports of medical devices, except those exempt from BCD.
  • Lower customs duty on certain inputs and raw materials like fuse, chemicals, and plastics.
  • Higher customs duty on certain goods like auto-parts, chemicals, etc. which are also being made domestically. 

Union Budget 2020: Startups & MSME

  • Tax burden on employees due to tax on ESOPs to be deferred by five years or till they leave the company or when they sell, whichever is earliest.
  • New Simplified return for GST from April 2020.
  • Start-ups with turnover up to Rs. 100 crore to enjoy 100% deduction for 3 consecutive assessment years out of 10 years.
  • Turnover threshold for audit of MSMEs to be increased from Rs 1 crore to Rs 5 crore, to those businesses which carry out less than 5% of their business in cash.
  • App-based invoice financing loans product to be launched, to obviate problem of delayed payments and cash flow mismatches for MSMEs.
  • Amendments to be made to enable NBFCs to extend invoice financing to MSMEs. 

Union Budget 2020: Fiscal numbers & allocations

  • FY20 fiscal deficit revised to 3.8% from 3.3% in the current fiscal. For FY21, fiscal target seen at 3.5%.
  • Deviation of 0.5%, consistent with Section 4(3) of FRBM Act.
  • Net market borrowing for FY20 at Rs 4.99 lakh crore; For FY21 it’s pegged at Rs 5.36 lakh crore.
  • Nominal GDP growth for 2020-21 estimated at 10%.
  • Receipts for 2020-21 estimated at Rs 22.46 lakh crore. Expenditure at Rs 30.42 lakh crore.
  • Defence gets Rs 3.37 lakh crore as the defence budget.
  • Rs 2.83 lakh crore to be allocated for the 16 Action Points; Rs 1.6 lakh crore allocated to agriculture and irrigation; Rs 1.23 lakh crore for Rural development and Panchayti Raj.
  • Rs 4,400 crore for clean air; Rs 53,700 crore for ST schemes; Rs 85,000 crore for SC, OBCs schemes; Rs 28,600 for women specific schemes; Rs 9,500 crore for senior citizen schemes.
  • Rs 30,757 crore rupees for Union Territory of J&K; Rs 5,958 crore rupees for Union Territory of Ladakh.

Union Budget 2020: Banking

  • To help bank depositors, government increases depositor insurance to Rs 5 lakh from current Rs 1 lakh.
  • Encourage PSBs to approach capital markets for fund raising.
  • Banking Regulation Act to be amended to strengthen Cooperative banks.

Union Budget 2020: Jobs

  • National recruitment agency: New common entrance test for non-gazetted government jobs and public sector banks.
  • Special bridge courses to be designed by the Ministries of Health, and Skill Development: To fulfill the demand for teachers, nurses, para-medical staff and care-givers abroad.
  • Urban local bodies to provide internships for young engineers for a period of up to one year. 

Union Budget 2020: Infrastructure

  • 5 new Smart cities to be set up via PPP model.
  • Rs 1.7 lakh crore allocated to transportation.
  • 100 more airports to be set up by 2024 to support UDAN scheme.
  • Accelerated development of highways will be undertaken; Delhi-Mumbai expressway and two other projects to be completed by 2023. Chennai-Bengaluru Expressway to be started.
  • NHAI to monetize 12 lots of highway bundles of over 6,000 km before 2024.
  • Young engineers and management graduates will be roped in for infrastructure projects under Project Preparation Facility.
  • About Rs 22,000 crore already provided for supporting National Infrastructure Pipeline.
  • Investment Clearance Cell to set up through a portal, will provide end-to-end facilitation, support and information on land banks.
  • National Logistics Policy will soon be released, creating single window e-logistics market.

Union Budget 2020: Telecom

  • Rs 6,000 crore for BharatNet programme; Fibre to Home connections under BharatNet will be provided to 1 lakh gram panchayats this year itself.
  • New policy for private sector to build Data Centre Parks.

Union Budget 2020: Tourism

  • Rs 2,500 crore for tourism promotion.
  • An Indian Institute of Heritage and Conservation under Ministry of Culture proposed; with the status of a deemed University.
  • 4 more museums from across the country to be taken up for renovation and re-curation.
  • Rs.3150 crore proposed for Ministry of Culture for 2020-21.
  • Maritime museum to be set up at Lothal- the Harrapan age maritime site near Ahmedabad, by Ministry of Shipping.

Union Budget 2020: Energy

  • Expansion of National Gas Grid from 16,200 km to 27,000 km along with reforms to deepen gas markets, enable ease of transactions and transparent price discovery.
  • Rs 22,000 crore allocated to to power and renewable energy.
  • FM urges all states and UTs to replace conventional energy meters by pre-paid smart meters in 3 years, this will give consumers the freedom to choose supplier and rate as per their requirements.
  • Advise to shut thermal plants if they don’t meet emission norms. 

Union Budget 2020: 5 measures for Railways

  • Large solar power capacity to be set up alongside rail tracks, on land owned by Railways.
  • More Tejas-like trains for tourists.
  • 150 new train to be introduced on PPP basis; Four stations will be also be redevelopment with the help of PPP.
  • Rs 18,600 crore worth Bengaluru suburban transport project launched; 20% equity will be provided be the Centre.

Union Budget 2020: Education

  • Rs 99,300 crore allocated for education sector, Rs 3,000 crore rupees for skill development.
  • External commercial borrowings and FDI to be leveraged to improve the education system.
  • A medical college to be attached to a district hospital in PPP mode, viability gap funding to be set up for setting up such medical colleges.
  • US-like SAT exam to be held in African and Asian countries for benchmarking foreign candidates who wish to Study In India.
  • Degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework.
  • New Education Policy to be announced soon.
  • To bring in equivalence in the skill sets of the workforce and employers’ standards.
  • 150 higher educational institutions to start apprenticeship embedded degree/diploma courses by March 2021.
  • To launch 2 new National science scheme.
  • National Police University and National Forensic Science University proposed for policing science, forensic science, and cyber-forensics.

Union Budget 2020: Agriculture

  • Agriculture market needs to be liberalised; govt proposes to handhold farmers, says FM.
  • Comprehensive measures for 100 water-stressed districts being proposed.
  • PM KUSUM scheme will be expanded to 20 lakh farmers.
  • Government will help 20 lakh farmers for setting up solar pumps; Farm market will to be liberalized.
  • Another 15 lakh farmers to be helped to solarise their grid-connected pump sets.
  • Scheme to enable farmers to set up solar power generation capacity on their fallow/barren lands and to sell it to the grid.
  • Supporting states to focus on one product for one district so as to make way for Horticulture to gain momentum.
  • Change in incentive scheme for chemical fertilisers. We will encourage balanced use of all fertilizers, a necessary step to change the incentive regime which encourages excessive use of chemical fertilizer
    Krishi UDAN scheme for agricultural exports on international and national routes. This will also improve value realization in North East and tribal districts. 
  • Railways will set up Kisan Rail through PPP arrangement, for transportation of perishable goods.
  • For better marketing and export, supporting states will focus on one product for one district, so that high focus is given at district level for horticulture to gain momentum.
  • Zero Budget farming focus of the government.
  • MGNREGS to be used to develop fodder farm.
  • Jaivik Kheti Portal – online national organic products market to be strengthened. 

Union Budget 2020: Livestock

  • Milk processing capacity to be doubled to 108 tonne from 53 tonne by 2025.
  • Artificial insemination to be increased to 70% from the present 30%.
  • MNREGS to be dovetailed to develop fodder farms.
  • Foot and Mouth Disease, Brucellosis in cattle and Peste Des Petits ruminants (PPR) in sheep and goat to be eliminated by 2025.
  • Deen Dayal Antyodaya Yojana – 0.5 crore households mobilized with 58 lakh SHGs for poverty alleviation.

Union Budget 2020: Village Storage Scheme

  • Will further expand on SHGs for alleviation of poverty.
  • To be run by the SHGs to provide farmers a good holding capacity and reduce their logistics cost.
  • Women, SHGs to regain their position as Dhaanya Lakshmi.
  • NABARD to map and geo-tag agri-warehouses, cold storages, reefer van facilities, etc.
  • Viability Gap Funding for setting up such efficient warehouses at the block/taluk level.
  • Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) to undertake such warehouse building.
  • Financing on Negotiable Warehousing Receipts (e-NWR) to be integrated with e-NAM.
  • State governments who undertake implementation of model laws (issued by the Central government) to be encouraged.

Union Budget 2020: Fisheries

  • Framework for development, management and conservation of marine fishery resources to be put in place.
  • Fish production to be raised to 200 lakh tonnes by 2022-23.
  • Youth and fishery extension work to be enabled by rural youth as Sagar Mitras, forming 500 fish farmer producing organizations.

Union Budget 2020: Sanitation

  • Rs 3.6 lakh crore allocated to water sanitation and pipeline project; Rs 12,300 crore for Swachh Bharat.
  • Our government is committed to Open Defecation Free country, in order to sustain ODF behaviour and to ensure no one is left behind.

Union Budget 2020: Healthcare

  • Rs 69,000 crore allocated to healthcare sector.
  • Rs. 6400 crore (out of Rs. 69,000 crore) for PM Jan Arogya Yojana (PMJAY)
  • Indradhanush immunization plan expanded to cover 12 new diseases.
  • Viability gap funding window to be set up to cover hospitals, with priority given to aspirational districts that don’t have hospitals empanelled under Ayushman Bharat.
  • Propose Rs 35,600 crore nutrition-related plan.
  • Jan Aushadhi Kendra Scheme to offer 2000 medicines and 300 surgicals in all districts by 2024.
  • Over 6 lakh anganwadi workers have been equipped with smartphones to upload the nutrition status of 10 crore households.
  • Nominal health cess on import of medical equipment to be introduced to encourage domestic industry and generate resources for health services.
  • A new scheme to provide higher insurance cover, reduced premium for small exporters and simplified procedure for claims.
  • Targeting diseases with an appropriately designed preventive regime using Machine Learning and AI.

Union Budget 2020: Other announcements

Three prominent themes of the Union Budget 2020:

  • Aspirational India: Better standards of living with access to health, education and better jobs for all sections of the society. Three components of Aspirational India:
    a) Agriculture, Irrigation, and Rural Development
    b)Wellness, Water, and Sanitation
    c) Education and Skills
  • Economic Development for all: “Sabka Saath , Sabka Vikas , Sabka Vishwas”.
  • Caring Society: Both humane and compassionate; Antyodaya as an article of faith.
  • Provision of Rs 8,000 crore over five years for Quantum Technologies and it’s applications.
  • GIFT City to have an International Bullion Exchange, enabling better price discovery of gold.
  • India will host G20 Presidency in 2022, Rs 100 crore to be allocated for making preparations for this historic occasion, where India will drive global economic agenda.
  • This Budget is woven around three prominent themes: Aspirational India; Economic Development for All; A Caring Society.
  • Proliferation of technologies such as analytics, machine learning, Artificial Intelligence, bioinformatics and number of people in productive age group at its highest, point out two cross-cutting developments.
  • Govt wants to improve the life of the people through Rs 100 lakh crore infrastructure pipeline projects.
  • GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers who have got a annual benefit of Rs 1 lakh crore by GST.
  • 6 million new taxpayers have been added.
  • Average household now saves nearly 4% more on the monthly basis after implementation of GST.
  • GST resulted in Rs 1 lakh crore gains to consumers, removed inspector raj and helped transport sector.
  • India uplifted 271 million people out of poverty.
  • India is now 5th largest economy in world.Central Govt debt reduced to 48.7% of GDP from 52.2 per cent in March 2014.
  • 7.4% growth surpassed in 2014-19 with average inflation of 4.5%.
  • Centre’s debt down from 52.2% in 2014 to 48.7% in 2019.
  • During 2014-19, govt brought paradigm shift in governance.
  • Finance Minister lists out welfare schemes like affordable housing scheme, DBT and Ayushman Bharat.

Click here to know more such news and updates| Check out Top MBA Courses here .

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Citizenship Amendment Act: What it holds for India?

Citizenship Amendment Act: What is it?

The CAB bill (Citizenship Amendment Bill, 2019) was passed in the Indian Parliament on December 11, 2019 with 125 votes in favor and 105 votes against. The bill received presidential assent on December 12, 2019. The Citizenship Amendment Act, 2019 (CAA) amends the Citizenship Act of 1955 to make illegal immigrants who are Hindus, Sikhs, Buddhists, Jains, Parsis and Christians from Afghanistan, Bangladesh and Pakistan who entered India on or before December 31, 2014, eligible to apply for Indian citizenship.

According to the 1955 law, a person must have resided in India (or been in the service of the Central Government) for at least 11 years in order to be eligible for citizenship. The amended Act reduces that period to five years for all migrants from these three countries belonging to these six religious communities. 

Citizenship Amendment Act

Exemption to the Citizenship Amendment Act 

The Citizenship (Amendment) Bill exempts certain areas in the North-East from this provision. The Citizenship (Amendment) Bill would not apply to tribal areas of Assam, Meghalaya, Mizoram and Tripura as included in Sixth Schedule of the Constitution and the area covered under the Inner Limit notified under the Bengal Eastern Frontier Regulation, 1873. This effectively means that Arunachal Pradesh, Nagaland and Mizoram along with almost whole of Meghalaya and parts of Assam and Tripura would stay out of the purview of the Citizenship (Amendment) Bill.

Besides, the citizenship bill also makes amendments to provisions related to the Overseas Citizens of India (OCI) cardholders. As per the citizenship bill, a foreigner may register as an OCI under the 1955 Act if they are of Indian origin (e.g., former citizen of India or their descendants) or the spouse of a person of Indian origin.

Why is Citizenship Amendment Act seen as a problem?

The Citizenship (Amendment) Act 2019 has triggered widespread protests across India. The Act seeks to amend the definition of illegal immigrant for Hindu, Sikh, Parsi, Buddhist and Christian immigrants from Pakistan, Afghanistan and Bangladesh, who have lived in India without documentation. They will be granted fast-track Indian citizenship in six years. So far 12 years of residence has been the standard eligibility requirement for naturalisation. The anger over CAA led to street protests, first in Assam that later spread to Delhi and other parts of the country.

Difference between CAA and NRC

CAB NRC
CAB will provide Indian citizenship based on religion. NRC has nothing to do with religion.
CAB likely to benefit non-Muslim immigrants. NRC is aimed at deportation of all illegal immigrants irrespective of their religions.
CAB to grant citizenship to non-Muslim immigrants from Pakistan, Bangladesh and Afghanistan. NRC Assam was aimed at identifying ‘illegal immigrants’, mostly from Bangladesh.
CAB will grant citizenship to the religious minorities who entered India on or before December 31, 2014. NRC will include those who can prove that either they or their ancestors lived in India on or before March 24, 1971.

What is the govt’s logic on this?

Citing partition between India and Pakistan on religious lines in 1947, the NDA government has argued that millions of citizens of undivided India belonging to various faiths were staying in Pakistan and Bangladesh from 1947. “The constitutions of Pakistan, Afghanistan and Bangladesh provide for a specific state religion. As a result many persons belonging to Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities have faced persecution on grounds of religion in those countries. Some of them also have fears about such persecution in their day-to-day life where right to practice, profess and propagate their religion has been obstructed and restricted. Many such persons have fled to India to seek shelter and continued to stay in India even if their travel documents have expired or they have incomplete or no documents,” the Bill states. 

Why are the states angry about CAA?

The Citizenship (Amendment) Act 2019 has triggered widespread protests across India. Among the states in the Northeast, the outrage against CAB has been the most intense in Assam. While a chunk of these states have been exempted from the legislation, CAB overs a large part of Assam. The protests stem from the fear that illegal Bengali Hindu migrants from Bangladesh, if regularised under CAB, will threaten cultural and linguistic identities of the state. 

Click here to know more such news and updates| Check out Top MBA Courses here .

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IIM Rohtak Admission Criteria 2020

IIM Rohtak Admission Criteria 2020 has been announced and CAT 2019 score weightage is a mere 45% for final convert at IIM Rohtak, while 95 percentile will be the general overall CAT Cutoff for IIM Rohtak. IIM Rohtak has opted-out of the CAP (Common Admission Process) for admission into the MBA Programme for the batch of 2020-2022. IIM Rohtak will be conducting its WAT and PI individually. Let us have a detailed look at IIM Rohtak Admission Criteria. 

IIM Rohtak Admission Criteria 2020: Important Dates

Activities Tentative Schedule
Intimation to shortlisted candidates on the basis of CAT score for further selection process 2nd week of January 2020
Receiving confirmation from shortlisted candidates for next step of selection process 3rd week of January 2020
Conducting of WAT & PI process at different centers (Delhi, Mumbai, Kolkata, Bangalore & Rohtak) 2nd week of February to

4th week of February 2020

Declaration of final result and waiting list Offer letter to waitlisting candidates, if required 1st week of April 2020 to

2nd week of May 2020

Declaration of the final list of candidates 3rd week of May 2020
Registration for PGP program, Verification of documents, Submission of term fee, Hostel room allocation, and Interaction with faculties Last week of May 2020

IIM Rohtak Admission Criteria 2020

The admission process of IIM Rohtak is a five-stage process:

Stage I: Online Registration for PGP Admission 2020-22 batch, IIM Rohtak

The first shortlisting of candidates will be based on minimum section-wise and aggregate percentile scores in the CAT 2019 as mentioned in Table-1 below.

Category VARC DILR QUANT Overall
General 70 70 70 95
NC-OBC 60 60 60 78
SC 50 50 50 60
ST 30 30 30 40
PWD 30 30 30 40

The candidates who have selected IIM Rohtak as one of their preferences in the CAT 2019 form, will be invited for online registration for the PGP Admission process 2020 during the second week of January 2020. Shortlisted candidates will receive an email with a web-link for online registration in PGP 2020-22 batch.

Candidate needs to submit an application/ admission data form along with registration fee of Rs. 2000/-. The candidates, who have submitted the application forms and registration fees by the stipulated date and time, will be considered and invited (as per merit) for the Written Analysis & Personal Interview (WAT &PI) in Stage-II.

Stage II- Written Analysis Test (WAT) & Personal Interview (PI)

All shortlisted candidates at State I, will appear in Stage II (WAT & PI). WAT & PI will be conducted in Delhi, Rohtak, Mumbai, Kolkata & Bangalore as per following schedule:

Place Date
Delhi 10-15 February, 2019
Rohtak 16-20 February, 2019
Mumbai 19-21 February, 2019
Bangalore 19-21 February, 2019
Kolkata 16-25 February, 2019

All the shortlisted candidates will be informed by emails to download their call letters to appear in WAT & PI. All the required details like venue of WAT & PI, date, time and other required guidelines will be mentioned in the call letters.

Stage III – The Final Selection List based on CAT, WAT, PI & Diversity scores

A weight of 45% will be assigned to CAT Total Score (Scaled to 100). A weight of 35% will be given to WAT & PI Score. Further, for Academic diversity and Gender diversity, candidates will be given a weight of 20%.

The weighted aggregate of the following components namely (a) CAT; (b) WAT; (c) PI; (d) Diversity will be used to prepare a merit/rank list and accordingly the candidates will be invited to appear in Stage-IV.

Stage IV – Offer for Provisional Admission for the PGP programme 2020-22 batch 

The offer of admission to the candidate will be made strictly on the basis of merit/ rank list and availability of seats in each category (Gen, SC, ST, NC-OBC, EWS & DAP) as per reservation rules of Govt. of India.

A candidate receiving admission offer from IIM Rohtak (IIM-R) and accepting the offer within the stipulated date, needs to deposit Offer Acceptance Amount (as mentioned in the Offer Letter) through online payment link. 

Stage V – Reporting for joining the PGP programme 2020-22 (Batch –XI) 

Candidates need to login on the Institute website by using his/her login credentials (Username & Password) to deposit full programme fee /Term Fee as mentioned in the confirmation letter and need to report in the Institute Campus in Rohtak as per communicated schedule in the confirmation letter.

Further, on the day of reporting in the campus, the admission team will do physical verification of the documents and allocation of hostel room to the candidate. Hostel allocation will be done on the basis of first come first serve basis separately for male and female students. Hostel rooms for DAP category will be arranged on the ground floor. 

Check out Top MBA Courses HERE | Top MBA Colleges accepting CAT scores| IIM Rohtak Review | IIM Rohtak Placements 2019 

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MBA Exam Calendar for B-School Admissions 2020

MBA Exam Calendar 2020: MBA admissions in India is usually based on the performance in entrance exams. There are more than 50 entrance tests for admission to top MBA colleges in India. These exams are conducted at the national or state/regional level. MBA entrance exams for MBA Admission 2020 will begin in the month of October and continue till March. Apart from the popular national level MBA entrance exams like CAT, XAT, NMAT, SNAP, MAT, ATMA, CMAT, the state level and institute specific MBA entrance exams like that of IIFT, TISS NET and IBSAT will also be held for MBA admission in December and January. In this article, we bring to you the MBA Exam Calendar for Admissions 2020.

MBA Exam Calendar 2020

Name of Institute Last date to apply (Tentative)
NMIMS Mumbai 3rd October
IIMs 25th September
IIFT, Delhi, and Kolkata 25th October
FMS Delhi
(TBA)
Third week of November
XLRI Jamshedpur 30th November
MDI Gurgaon 22nd November
SIBM Pune 14th December
XIMB
(TBA)
30th November
MICA MICAT 1: 25th November MICAT 2: 16th January
SCHMRD Pune 14th December
SIIB Pune 14th December
SIMS/SITM/SIMC/SIOM/SCIT/SSBF/SSSS 14th December
SP Jain Institute of Management and Research. 22nd November
TISS Mumbai
(TBA)
First week of December
IMI Delhi
(TBA)
2nd December.
ISB Hyderabad Cycle 1: 15th September
Cycle 2: 1st December
Cycle 3: 1st January
Goa Institute of Management First Mover:
2nd December
Early Bird/Achiever Round: 15th December
Last: 31st December
Department of Financial Studies
(TBA)
First week of January
IRMA
(TBA)
Third week of January
JBIMS Mumbai
(TBA)
Last week of January
IMT Ghaziabad
(TBA)
22nd November
NITIE
(TBA)
First week of February
IITs
(TBA)
(To be announced)
TAPMI Manipal (To be announced)
Great Lakes, Chennai Last week of January
FORE School of Management Last week of December
SDA Bocconi Mumbai (To be announced)
Welingkar Mumbai 26th January
IFIM Bangalore (To be announced)
ICFAI Business School December 12, 2019

Top B-Schools and Exams Accepted

Name of Institute Entrance Exam
NMIMS Mumbai NMAT
IIMs CAT
IIFT, Delhi, and Kolkata IIFT
FMS Delhi
(TBA)
CAT
XLRI Jamshedpur XAT
MDI Gurgaon CAT
SIBM Pune SNAP
XIMB
(TBA)
XAT
MICA CAT+MICAT
SCHMRD Pune SNAP
SIIB Pune SNAP
SIMS/SITM/SIMC/SIOM/SCIT/SSBF/SSSS SNAP
SP Jain Institute of Management and Research. CAT/XAT/GMAT
TISS Mumbai
(TBA)
TISS
IMI Delhi
(TBA)
CAT
ISB Hyderabad GMAT
Goa Institute of Management CAT/XAT/CMAT
Department of Financial Studies
(TBA)
CAT
IRMA
(TBA)
CAT
JBIMS Mumbai
(TBA)
CAT/MHCET
IMT Ghaziabad
(TBA)
CAT/XAT/GMAT
NITIE
(TBA)
CAT
IITs
(TBA)
CAT
TAPMI Manipal CAT/XAT/GMAT
Great Lakes, Chennai CAT/XAT/CMAT/GMAT
FORE School of Management CAT/XAT/GMAT
SDA Bocconi Mumbai CAT/GMAT/GRE/NMAT
Welingkar Mumbai CAT/XAT/CMAT/MH CET/ATMA/GMAT
IFIM Bangalore CAT/XAT/GMAT
ICFAI Business School IBSAT

It may be noted that the MBA entrance exam dates and schedule for some of the National level entrance tests like CAT, IIFT, CMAT, NMAT by GMAC, MAT, ATMA change from exam to exam, the MBA exam dates for few other MBA exams like SNAP, XAT are traditionally fixed and are rarely changed. 

Check out Top MBA Courses HERE | Top MBA Colleges accepting CAT scores.| Check out Top MBA Colleges for Marketing in India| Check out Top MBA Colleges for Finance in India.