Inflation - An assessment of the RBI’s actions

Background:

The WPI Inflation was at 3.22% at the start of October 2007 which was well within the range of 4-5% that the RBI wanted to maintain. However, there was a growth in the broad money (M3) by 22.4% year-on-year. The RBI had started increasing the CRR rate in order to absorb the keep the M3 growth at levels that was acceptable for them (17-18%). From December 2006 till October 2007, the RBI had already increased the CRR by a total of 150 basis points from 5% to 6.5%

4 Colleges Meet – yet another perspective

Having heard from our senior batches on the rivalry between IIMC and XLRI, I waited in anticipation for the 4 college meet that was to be held. I had seen videos on the welcome that was dished out to each other. “Well, this falls right in my alley” I thought since I had spent a considerable amount of time over the years honing my skills in refining my dictionary of the “doosra” variety. Here was a noble cause that would let me use my skills to the fullest.

Life of a Backbencher

After all these years of back-to-back meetings and conference calls, reaching a place on the nick of time is something that I’ve made into a fine art. Continuing with the same tradition, I reached my classroom at 10.15 in the morning only to find that all the prime seats have been taken up and that the only ones left are in the back of the class. That started my journey as a back bencher.

Back to exams!!!

A one year MBA is like a treadmill with its speed turned to maximum and having its stop button jammed. You have to keep running in the hope that someone manages to get the stop button to work. In an odd kind of way, that’s what makes the one year MBA interesting too and got us all here together.

Off the beaten track

Well, I formally joined the ranks of the unemployed on April 1^st (nice choice of date – folks at office thought that it was an “April Fool” prank). After spending my first 15 days of unemployment doing nothing but lazing around, I started on my journey to Kolkata in mid-April. It was quite late in the night by the time I reached Joka – thanks to the long queues at the Howrah taxi stand.

Back Again

What was I doing all this while since the last post? Well - lot of things. Prepared for GMAT, gave it, then all the rush of creating an application, tensions of shortlisting, preparing (praying) for interviews and finally getting an admit.

So, now what. Preparing for moving into a student life again.

A very open F1 season is in front of us. Heart says Schumi but head says Vettel / Massa. Hope the heart wins. Pity Star Sports does not show the Friday free practice - else could have seen Karun drive.

IPL is also round the corner. Lot of teams to support this year. Loyalties are divided between Pune Warriors (City where I was born and have been in till date), Kochi Tuskers (my Kerala roots), Rajasthan Royals (fanatic Rahul Dravid fan) and Kolkata Knight Riders (city where I will be this year).

My schedule for this year seems to be such that I would be lucky to follow the scores - let alone watching the games.

After a long time

As is usual with me, I started blogging and then lost interest... So, what was I upto the last 3 odd months... well, there was work, and more of it... then, there was the latest harry potter book which I read on the second day... There was India winning the T20 cup... and in between, a whole load of F1 races that I missed... the cable guy who has a monopoly in my area does not show star sports...