Mental well-being – A necessity for continuous learning and upskilling In today’s business world, organizations require employees who are creative, vocal, and highly self-monitored so they can contribute continuously towards the achievement of organizational goals. It is clear that these characteristics of employees are helpful for an organization’s growth. However, these traits also involve different interpersonal risks, which need to be supported by the work environment to ensure that employees enthusiastically contribute to the work. Also read: What is the job market for online MBA graduates? Mental well-being for a conducive work environment To stimulate continuous learning and innovation in an organization, mental well-being is an essential requisite. It will ensure that employees present their opinions regarding the projects, processes, timelines, and work to their seniors and peers without any hesitation or fear. In a psychologically safe workplace, staff feels accepted and respected, and above all, they feel that they will not be chastised and embarrassed for speaking up their minds. With this kind of work environment, people do not worry about the negative consequences of communicating a novel idea or thought freely. Mental well-being at the workplace is the most important factor for building high-performance work teams that are driven by creativity. It is also considered as one of the factors for instilling innovativeness. A stress-free and pleasant work environment encourages learning from mistakes, employee engagement, team creativity, and transparency. Check out Skills and tools to become recession-proof Importance of continuous learning and upskilling It is a harsh truth that despite giving our best at work today and earning accolades for our performance, we still might not live up to the expectations of a company in 10-15 years down the line if we are not in the continuous process of learning. To stay updated and make a place in this highly competitive era, one must come up with something innovative and out of the box. For this, essential steps are to be taken to make one feel secure, so he or she can express their ideas. Knowledge enhancing and upskilling are the best ways to stay relevant in today’s cutthroat job market. Online courses are the best ways in which working professionals can skill up without having to quit their personal and professional commitments.
Fiscal policy of India – Budget 2023-24 In India’s parliament, the Union Budget for the financial year 2023-24 has already been presented. In this article, we’ll discuss the Indian Finance Minister’s stance on the country’s fiscal policy. While it has brought about significant improvements, just a handful of those modifications have been implemented so far. What is fiscal policy? Why is it important? A nation’s fiscal policy describes the means through which the government may collect and spend money. Taxation, public spending, and public borrowing are the mechanisms used to ensure that economic policy objectives are achieved. In other terms, the growth of the economy depends on the government’s income and expenditures for its continued survival. Capital expenditure refers to the funds spent by the government of a country to enhance, sustain, and expand the economy. The difference between the government’s total revenue and total expenditures is known as the fiscal deficit. The extended capital investment in the budget was a highlight, as it shows a 33% increase, a jump of 10 lakh crore, while registering a significant reduction in bank non-performing assets. This was observed with the increase in NPAs on the lower and improving banks. Compared to the present fiscal deficit rate of 6.4% of GDP for the fiscal year 2022-23, it is predicted that the fiscal deficit for the fiscal year 2023-24 will be 5.9% of GDP. Check out: Emerging trends in the BFSI industry Tax deductions as per the new tax regime The government obtains revenue from a variety of sources, including taxes and borrowings. The Individual Income Tax is anticipated to experience the most dramatic change. The following are the amended income tax brackets under the new tax regime: Governments get their funds through income tax, capital gains, and borrowing. 15% of the government’s total revenue comes from personal income tax, making it one of the main revenue streams. The government has continued to provide refunds on tax brackets. It is expected to provide an effective solution for controlling inflation and any kind of economic recession. Citizens will benefit from a decrease in income tax and an increase in capital expenditure as those with lower incomes will have more purchasing power and an improved quality of life. Also read: What does the career path of financial advisor look like? Pursue a career in the in-demand finance sector with an online degree from MUJ Finance professionals can better comprehend the finance policies and budget of the nation. Finance is one of the most crucial and in-demand sectors in the country and choosing a career in finance can be lucrative for anyone. While B.Com will be the most suited UG degree for finance aspirants, even students from other graduation backgrounds also can pursue a career in finance by taking up relevant PG degrees. These days, most students and working professionals are opting for online PG courses as they are treated at par with the on-campus degrees and are much more flexible and affordable. Manipal University Jaipur offers online PG degrees like M.Com, MBA in Finance, MBA in BFSI, and MBA in IT & Fintech, which are a great way for candidates to equip themselves with the knowledge and skills to become a successful finance professional.
Digital transformation in the world of Securities and Capital Markets This article will shed light on digitization in capital and securities market. How technological advancements are likely to open more avenues of revenues, drive up profitability along with highly efficient algorithms which will enable companies to analyze huge data at a much faster pace. The market regulator SEBI is taking steps to regularize and streamline the changes and protect the general traders and investors. Despite the risks involved, the Indian securities and capital market needs to adopt the technological changes and be in line with the global standards to attract new clients, capture new geographies and improve the quality of the industry and the market. Introduction The world is undergoing digitization at a rapid pace. The application of technology to create new software, business models, processes, and systems that result in increased efficiency, competitive dominance, more profitable revenues, high-performance IT systems, and highly efficient algorithms that allow for the exploration of large amounts of data is known as digital transformation. Data security issues are also particularly taken care of under data protection using more powerful sensors. Digitalization has manifested to be the global drift with an enormous sequel for economy, politics and society. As a result of digitalization, gainful employment and work-oriented society were the major concur for the transpose in the various other subareas. Future capital markets will be technologically enabled. The technologies such as AI, Cloud Computing, Big Data Analysis, and Robotic Automation are considered major technological forces in the current times. Companies need to adapt to technology before being pushed aside by new aged technologically advanced competitors. Existing operating strategies and the continuous usage of obsolete technologies will not help organisations stay afloat in the long run. Also read: Increase in demand for business education and non-tech jobs Major risks to be addressed by securities’ firms Digitization – A game changer for Indian securities and capital market The Indian capital market has come a long way from its inception in the nineteenth century, and today, it is considered to be in a good stage with a well-established framework. Financial products and services have become more available to a broader spectrum of customers thanks to the internet, which has also removed regional barriers. Previously, investors were completely influenced by their brokers, but today, they are actively involved in buying and sale of stocks over the internet. E-trading is saving time, energy, and money by allowing traders to access the market from anywhere at any time. The E-payment system, which is driven by expectations, has hit a new high with benchmark performance. Many economic experiments have been conducted, ranging from e-wallets to insurance technology, e-funding to Agrotech, and blockchain to cryptocurrencies. These financial innovations stepped forth with a firm economic base, ensuring that digitization becomes an inseparable part of our economy. Check out: How to make a career transition with online degree Conclusion Securities markets are going digital, and business processes are transforming. Accepting and adapting to the changes is the key. In this digital conversion, all securities markets’ members must partake their contribution. While clients require more online services, securities markets must contemplate the regulation strand of transformation, together with providing ways to use online services smoothly. This swap is providing immense opportunities for developing a broad range of services. E-trading has saved a lot of time, money, and energy as one can ingress the market anytime from anywhere. The rural purchasers can also access data and services smoothly and effectively through digital commerce. Creation of robust and prudent infrastructure for carrying out this activity of users though mobile gateway or online mode is required. An MBA in finance will help in acquainting yourself with extensive knowledge of securities and capital markets. The online MBA offered by the prestigious Manipal University Jaipur (MUJ) is at par with the on-campus MBA program and has a meticulously designed course curriculum. MUJ offers 13 popular and new-age electives to choose from. Candidates enrolled for online MBA from Manipal University Jaipur can benefit from the flexibility of the program schedule, exceptional teaching staff, course mentors, exhaustive-learning content, and placement training.
Networking: How to make the most of your online MBA program Online MBA (Masters of Business Administration) programs are now a refined and reputable form of distance learning designed to fit the pace and needs of students handling multiple pursuits simultaneously. A typical online MBA will allow you to learn varied business aspects, including marketing, business operations, and management, helping you pursue a high-level position in the field. This ideal setup allows you to easily improve your business and managerial abilities, providing profound professional fulfillment. An online MBA tends to appear valuable since it teaches the students how to do networking, where you can gain the essential skills, experience, and mindset to succeed in the global business atmosphere. Considering the importance of networking, many MBA programs have included it in their curriculum. This blog will explore the significance and productive ways to network while pursuing an online MBA. Scope of MBA in different domains: SpecializationSalary range (INR/LPA)MBA in Finance7,30,000MBA in Healthcare5,20,000MBA in HR5,40,000MBA in Business Analytics6,00,000Source What is professional networking? Professional networking means building and retaining relationships in your field to fulfill your professional ambitions. According to LinkedIn, 80% of MBA professionals consider networking vital to career success, while 60% admit that their professional network gives them more potent employment opportunities. People networking will present an opportunity to establish cooperative connections with other experts in the industry. When you have robust network support, you will be the first to know about any job vacancies in the industry and the latest updates. You will also top the list of people in your network looking for someone to hire with your qualifications. Importance of networking Knowing the right professionals at the right time in this fast-paced environment can make your career game. Hard work and smart work are necessary to succeed, but a little nudge forward never hurts anybody. A thoughtful and comprehensive MBA networking will enable you to connect with small startups and big tech companies, securing a proactive initiation to your career growth long before you graduate. Let’s look at the significance of networking. Alumni connections – Networking allows MBA students to connect with their alumni, most of whom would have become successful entrepreneurs and leaders in the field. Diversified perspective – Networking will allow you to build a long-term network with many people from diverse backgrounds. Gaining and sharing knowledge – Networking is also an excellent learning tool where you can broaden your ideas. Career opportunities – Networking can proactively progress your career by increasing your visibility among employers as productive employees or business partners. You may like to read about career-readiness activities offered by MAHE Online. How to do networking while pursuing an online MBA? Expanding your professional network is one of the best reasons to earn your MBA degree. Here, we have listed the effective ways how to do networking while pursuing your online MBA to have a strong foothold in the business world. Be active in live classes and team projects Being active in live classes and visible during team projects might let you build meaningful relations with professionals and peers. Offer constructive contributions during lectures and interact with classmates and mentors as much as possible. It lets others know your stance, opinions, and unique thinking. Nurture a personal connection with co-learners & faculty Never miss a chance to meet your peers and professors via face-to-face meetings and build a personal connection. If possible, meet people outside college hours to connect personally. You can volunteer to help the professors and showcase your leadership while working in groups. You can also work closely with your co-learners and connect with them through calls, mail, and discussion forums. Connect with career center/placement cell Every university provides services that will help you expand your network. To strengthen your network, look into their program, including career services, placement cells, or professional student clubs. Attend online and offline events Even though you will get your MBA degree online, there will be opportunities to attend online and offline events organized by the university. In this way, you will not only develop a persona connecting with your peers but also get the chance to connect with the top experts in the industry. Be updated on social networking sites Working professionals, entrepreneurs, and BA graduates use social media platforms like LinkedIn and Instagram. Making your way into such a platform will increase your chance of networking and allow you to be a part of the prominent communities. Nonetheless, beware of your connection and the information you share on social media platforms to better control your personal branding and professional reputation. Conclusion Given the importance of an MBA in every company, online MBA courses in India satisfy the increasing demand for management experts in the business world. Moreover, most aspiring students chose the MBA program due to its networking benefits to connect with influential people and top—tech companies. Networking in an MBA course is about creating a lifetime of personal and professional opportunities. Through networking, experts can help you succeed, and you can do the same in the future. A top-notch MBA institute is the place to master networking. Learners worldwide can easily access the online MBA program at Manipal Academy of Higher Education. Our all-encompassing online courses let you strengthen your resume by boosting your networking prospects. The experienced faculty team and innovative pedagogy approach equip the students with the necessary skill sets for the most promising and lucrative career possibilities. Enroll in our MBA program with your choice of specialization today! Key takeaways: In today’s marketplace, MBA graduates with excellent leadership and managerial skills are in high demand. An online MBA program is a proficient way to achieve your dream career. Understanding the importance of networking in the business world is a key that will open new doors of opportunities for learning, earning, working, and succeeding in your career. The professional network you build during the program helps you connect with the right people, build strong relationships, and facilitate career success in the long run.
