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Mayank

Mayank Kumar  | Answer  |Ask -

Education Expert - Answered on Mar 24, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
San Question by San on Mar 06, 2023Hindi
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how to pursue merchant navy career

Ans: You would have to come from a background of the Sciences and clear IMU CET, TMI-BITS-EE as entrance examinations. There are Bachelors in Technology that you should be opting for once you have cleared these entrance examinations.
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Maxim

Maxim Emmanuel  |391 Answers  |Ask -

Soft Skills Trainer - Answered on Apr 23, 2024

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can you guide me for career in Merchant navy
Ans: Merchant Navy, aspiring candidates must have completed either their 10th or 12th-grade education. Age: Typically 17-25 years. Medical: Must pass a fitness exam for physical and mental health. Skills: Good English communication.
Candidates must have studied Physics, Chemistry, and Mathematics (PCM) in their 10+2 curriculum. Additionally, candidates should have a minimum of 50% marks in the English language at the 10th or 12th standard. The minimum qualification for a marine engineering course is a 10+2 pass certificate with PCM

Merchant Navy is a prestigious career choice for individuals who are passionate about sailing and the sea. The Merchant Navy is responsible for transporting goods and passengers across the world’s oceans and seas. It is a highly challenging and rewarding career that requires individuals to meet certain eligibility criteria. In this blog, we will discuss the Merchant Navy eligibility criteria in detail.

The eligibility criteria for entry into the Merchant Navy varies depending on the course. Age is an important factor to consider, and below are the age restrictions for different courses

1. Diploma in Nautical Science (DNS) course
The maximum age is 25 years, and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

2. B.Sc. in Nautical Science course
The maximum age is 25 years, and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

3. B. Tech Marine Engineering
For B.Tech Marine Engineering the maximum age is 25 years and the minimum age is 17 years on the date of commencement of the course. A relaxation of 5 years for SC/ST, 3 years for OBC(NCL) candidates, and 2 years for women candidates.

4.Graduate Marine Engineering (GME)
The age of the Candidate must not be more than 28 years on the day of the start of Training.

5. Electrical Technical Officer
For general category candidates, the maximum age is 35 years. For Scheduled Caste and Scheduled Tribe candidates, the maximum age relaxation of 5 years is applicable, a maximum of 3 years relaxation applies to OBC (NCL) candidates, and 2 years for female candidates as per the directives of the Government of India.

6. Hospitality Management & related culinary qualifications are sort after on Cruise Passenger Ships and Regular Cargo Ships too!

However, some companies may have different age criteria, so it is advisable to check with the particular company you are applying to.

Candidates must meet the medical fitness criteria set by the Directorate General of Shipping (DGS) to join the Merchant Navy. The medical examination is conducted by a DGS-approved doctor who will assess the candidate’s physical and mental fitness. Candidates with any major medical conditions such as colour blindness, hearing problems, or any other disability are not eligible to join the Merchant Navy.

Physical Standards for Merchant Navy:
In addition to medical fitness, candidates must meet certain physical standards set by the DGS to join the Merchant Navy. Candidates must have a minimum height of 157 cm and a weight proportionate to their height.

Selection Procedure for Merchant Navy:

The selection procedure for Merchant Navy includes a written examination, a medical examination, an interview and IMUCET. The written examination tests the candidate’s knowledge of mathematics, physics, chemistry, GK and Aptitude.

The medical examination is conducted to ensure that the candidate meets the medical fitness criteria set by the DGS. After that the interview is conducted to assess the candidate’s communication skills, confidence, and attitude towards the profession.

Finally, candidates must appear for the Indian Maritime University Common Entrance Test (IMUCET). The IMUCET exam is conducted by the Indian Maritime University and is a computer-based test that assesses the candidate’s knowledge of mathematics, physics, chemistry, English, and general knowledge. The IMUCET exam is mandatory for candidates who want to join the Merchant Navy

Last but not the least.. The Training :
You must find an opportunity to apprentice and do an internship!
Hands on exposure to the shipping industry... Sailing on the Ship

Wish you Luck...Bon Voyage!

..Read more

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Milind

Milind Vadjikar  |702 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 26, 2024

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Hi Experts, I seek your guidance on my mutual fund portfolio. Below are the details: Total Portfolio Details: - Total Invested Amount: ?15,76,159 - Current Value: ?19,35,234 - Total Returns: ?3,59,075 (+22.78%) - XIRR: 20.75% Monthly SIP Contribution: ?1,18,000 Breakdown of monthly SIP contributions across funds: 1. Parag Parikh Flexi Cap Fund Direct Growth – ?30,000 2. SBI Large & Midcap Fund Direct Plan Growth – ?15,000 3. SBI Magnum Mid Cap Fund Direct Plan Growth – ?20,000 4. Nippon India Large Cap Fund Direct Growth – ?30,000 5. Nippon India Small Cap Fund Direct Growth – ?7,500 6. ICICI Prudential Technology Direct Plan Growth – ?10,000 7. Quant Small Cap Fund Direct Plan Growth – ?7,500 8. HSBC Small Cap Fund Direct Growth – ?5,000 9. Edelweiss US Technology Equity Fund of Funds Direct Growth – ?5,000 Can you suggest if I am on track to create 5 CR corpus in 10 years I have ?25 lakh invested in a Fixed Deposit (FD) in my mother’s account, earning an interest rate of 7.75%, to generate tax-free returns. Additionally, I’m planning to purchase a plot worth ?30–50 lakh in the next 1–2 years. Is it a good idea to keep the money in FD for now, or are there better short-term investment options I should consider to maximize returns while keeping the funds accessible for my future purchase? Looking forward to your suggestions! Thank you!
Ans: Hello;

Your monthly sip value adds upto 1.3 L however you have claimed it to be 1.18 L. (Maybe a typo).

Existing corpus(19.35 L) and monthly sip (1.3 L) won't reach 5 Cr in 10 years.

You have two options to make it happen:

1. Increase monthly sip amount to 1.9 L.

2. Top-up current monthly SIP of 1.3 L by minimum 10% each year for 10 years.

Both ways will lead you to a corpus of 5 Cr over 10 years.

You may consider money market mutual funds for parking your funds for a 1 year horizon. Returns may be comparable to FD returns but with flexibility to withdraw anytime. They typically have low to moderate risk.

Happy Investing;
X: @mars_invest

...Read more

Nayagam P

Nayagam P P  |3928 Answers  |Ask -

Career Counsellor - Answered on Nov 26, 2024

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Is doing BBA + Law (Honors) from BITS Law is worth
Ans: Anju, prior to addressing the question, I would like to draw your attention to a recent article in 'The Times of India' which indicates that a majority of law graduates tend to favor employment in corporate settings over practicing in courts. Now, coming to your question, please note, BITS Law School's BBA + LLB (Hons) program is a 5-year program that combines business administration with legal studies. The program focuses on areas such as corporate law, intellectual property, business laws, and dispute resolution. The program offers a strong multidisciplinary approach, preparing students for careers in corporate law, legal consultancy, and management. Its strengths include a business + legal acumen curriculum, industry-driven curriculum, and a reputation for excellence in education and placement opportunities. However, it lacks the legacy and alumni network of top-tier law schools and can be expensive. Career opportunities include corporate and business law, management roles, consulting, entrepreneurship, academia/research, international arbitration, cyber and technology law, corporate governance, and intellectual property rights. The program is worth considering if you aim for a corporate or business law career, are comfortable with the cost and value of the BITS brand, and have excellent industry connections and internships. Build your profile well by the time you complete your BBA+LLB & improve your all other skills required. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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