Q1. The Prime Minister and the Finance Ministry is putting pressure on you, the governor of RBI, to do the following monetary policy changes
b. Do away with CRR altogether, i.e. make CRR 0 %
The government would make the appropriate legislation, consensus building and other required formalities. What would be your response to this, give reasons.
Q2. The year is 1960, and the Golden Quadrilateral Project has just been completed. Now get back to the present and analyze the impact that it would have had on the current financial sector.
Q3. “Economies that tend to have bigger non-plan expenditure cannot register high growth rates”. Justify / Negate using Indian economy as a case.
Q4. “The Finance Commission of India should be held responsible for the revenue and subsequent fiscal deficit in the budget of the nation”. Justify / Negate giving suitable reasons.
Q5. The Soviet Union lasted for 69 years (1922-1991). Hitler’s Third Reich lasted for a mere 12 (1933-1945). Both were ruled with an iron fist, both experienced tremendous economic growth and their eventual fall changed the world for ever. China has been ruled by a quasi-dictatorial regime for over 59 years. It too has been experiencing tremendous economic growth for the last several years. Taking the analogy further, it implies that there is an impending and /or inevitable fall of the Chinese republic.
Bollywood:
Bollywood is the largest film industry in the world by volume. For years it has been catering to the Hindi speaking audience of India. It is now on the verge of crossing over and making an impact on global audiences with much more sophisticated production and management techniques.
IPL:
Indian Premier League ushers in a new era of marketing of sports in India. It provides a new entertainment genre which cuts across classes.
Key features of IPL
Ø IPL is a 20-20 format cricket tournament conceptualised by BCCI.
Ø The idea is to sell cricket as a high involvement reality show that would appeal to all audiences.
Ø IPL has eight teams sold to franchises for US$724mn
Ø SONY-WSG has bagged broadcasting rights for 10 years for US$918mn
MBA in India is characterized with several systemic shortcomings resulting in continuously graduating unemployable manpower in an increasing number of sectors.
The standards of academic research are low and declining. Some of the issues of the Indian management education are
- Affiliating system not matching the global standards
- Non dynamic academic structure
- Uneven capacity across various subjects
- Low level of public funding
- The standards of academic research are low and declining.
Many other concerns are related to the dysfunctional regulatory environment, the accreditation system that has low coverage and characterized with absence of incentives for performing well and the unjust public funding policies. There are genuine concerns about many of private institutions being substandard and exploitative. Due to the government’s ambivalence on the role of private sector in MBA, the growth has been chaotic and unplanned. The regulatory system has not maintained standards or check exploitation. Instead, it resulted in erecting formidable entry barriers that generate undesirable rents. Voluntary accreditation seems to have no takers from amongst private providers and apparently serves little purpose for any of its stakeholders. Despite, its impressive growth, MBA in India could maintain only a very small base of quality institutions at the top. Standards of the majority of the Institutions are poor and declining. There are a large number of small and non-viable Institutions. Entry to the small number of quality institutions is very competitive giving rise to high stake entrance tests and a flourishing private tuition industry. The stakes are so high that quota-based reservation of seats in such institutions in the name of affirmative action has come to occupy centre stage in electoral politics. Despite some merit, it has resulted in fragmentation of merit space and further intensified competition for the limited capacity in quality institutions. While public funding declined (in real terms), enrolments in MBA institutions grew to meet the surge in demand. This further deteriorated academic standards. As a result, the institutions were forced to raise their tuition fees to sustain themselves. Emergence of private providers and increase in tuition fees in public institutions without any substantial programme for students’ financial aid has made MBA beyond the reach of the poor. The paper discusses feasible strategies to overcome this and make MBA affordable and accessible to all. This paper takes a comprehensive look at the various facets of MBA in India. It adopts a systems approach for achieving policy coherence and multi-level coordination required to address genuine concerns about management education in India.
Download complete report: Report On centralization of MBA
I got really frustrated by the behavior we have been showing to these bastards(terrorists). Every terrorist is of a particular religion doesn't mean that every1 from that religion will be a terrorist but that doesn't mean that no one action should be taken against such people just for the sake of minority appeasement.
There is lot more to say but due to time constraint i m stopping myself here with this letter to our Prime Minister (attached) and some links worth reading about terrorism and India.
PS: People responsible for these activities (Read Pakistan) have to pay handsome penalty for this.
Read:
http://www.expressbuzz.com/edition/story.aspx?Title=Isolate+terror,+do+not+secularise+it!&artid=Cc1m6YlKXJU=&SectionID=d16Fdk4iJhE=&MainSectionID=d16Fdk4iJhE=&SEO=SIMI,+UPA,+terror,+Mumbai,+ISI&SectionName=aVlZZy44Xq0bJKAA84nwcg==
http://www.boston.com/bigpicture/2008/11/mumbai_under_attack.html
Awesome articles to read about India's ToDo List after terror attack(Author: An IIMB professor):
http://www.rediff.com/money/2008/dec/11mumterror-12-steps-to-shock-and-awe-pak-economy.htm
http://www.rediff.com/money/2008/dec/10mumterror-8-things-india-inc-govt-must-do-against-pakistan.htm
Download:
Letter_To_PM




















