"A proud moment for IIM, RAIPUR for accomplishing a National level Win"
The RBI Policy Challenge is a National Level Competition for Under Graduate and Post Graduate students .
As the Central Bank of the country, the Reserve Bank of India (RBI) is committed to spreading awareness regarding financial matters and promotion of better understanding of monetary and economic issues. In this direction, a National-Level competition titled 'The RBI Policy Challenge' focused at Under Graduate and Post Graduate students pursuing any discipline in select Universities/ colleges/ Institutes of Excellence in the country.
The annual three-tier competition tested essay-writing, problem-solving and presentation skills of the participants as per the three levels of the competition held as:
- Regional round- This involved writing an essay on a given topic by students in groups of 3 or 4, guided by a faculty adviser.
- Zonal round- Held at RBI Regional Office in Delhi, this round was all about a real-life problem based on a monetary / economic issue which was given to all teams and they had to make a presentation of 15 minutes on their approach to the problem before the panel of experts.
- National round- This round was conducted at RBI Central Office, Mumbai in the last week of March 201.A monetary policy related topic was assigned to all teams in the in the forenoon and they required to make a 15-minute presentation in the afternoon before a select Panel headed by the Governor of the RBI.
Recently, RBI announced the results in a press release.
Indian Institute of Management, Raipur won the competition and the teams from College of Engineering and Technology, Bhubaneswar and School of Management Studies, Jawaharlal Nehru Technological University, Hyderabad were declared as runners-up of the challenge.
The winning team of IIM Raipur included Ajay Singla, Pushp Mitra, Given Yadav and Keval Krishna.
The teams came forth as winners from 260 participating teams after excruciating rounds at regional and zonal levels. IIM and IIFT were arbitrated as the winners on April-5 by a panel of the eminent jury led by the Honorable Governor of Reserve Bank of India, Dr. R. Raghuram Rajan,in an official press release of RBI.
Winning team endowed with the prize money of Rs. 1 lakh each and a trophy. Also, they will now get an Internship of 3 months at Mumbai Head office of RBI in the department of their choice ,as per the terms and conditions of the challenge.
Mr. Rajan played a role model for IIM Rapurites.
The students got a motivation by his speech and did a thorough study of all the points mentioned by the Governor in his dialect . The contents available on the official site of RBI also helped the students. They analysed the content very well during their preparations. When it came to giving a presentation one of the team members of IIM portrayed the role of Mr.Raghuram Rajan and others played the character of Deputy Governor, which impressed Mr. Rajan a lot.
The other members of the jury were: Dr Urjit R. Patel, Deputy Governor, Reserve Bank of India, Shri S S Mundra, Deputy Governor, Reserve Bank of India, Professor Errol D’ Souza, Faculty, Indian Institute of Management, Ahmedabad, Professor Ashima Goyal, Faculty, Indira Gandhi Institute of Development Research, Mumbai, Dr. Sajjid Z. Chenoy, Chief India Economist and Executive Director, J P Morgan and Dr. Pranjul Bhandari, Chief India Economist, HSBC. The teams also fielded questions posed by the Panelists and media representatives present at the venue.