The Indian Institute of Management (IIM) Raipur has been declared as the joint winner of the very first edition of RBI Policy Challenge among 260 participating teams around the country.
The RBI Policy Challenge is a national-level competition launched by the Reserve Bank of India this year. The competition had three rounds (Regional, Zonal, and National). The National Round was held in RBI Central Office, Mumbai on April 5, 2016, an institute press release informed.
In the National Round, the panel of eminent jury consisted of Dr Raghuram G Rajan, Governor, Reserve Bank of India (Head of the Jury); Dr Urjit R. Patel, Deputy Governor, Reserve Bank of India; S S Mundra, Deputy Governor, Reserve Bank of India; Professor Errol D’ Souza, Faculty, kIndian Institute of Management, Ahmedabad; Professor Ashima Goyal, Faculty, Indira Gandhi Institute for Development Research, Mumbai; Dr.Sajjid Z. Chinoy, Chief India Economist and Executive Director, J P Morgan, and Dr. Pranjul Bhandari, Chief India Economist, HSBC.
A monetary policy related topic involving hypothetical scenarios was assigned in the forenoon and the teams were required to make a presentation in the afternoon with clear policy recommendations.
The winning team comprised of Ajay Singla, Pushp Mitra,Vivek Yadav and Kewal Krishna, who are the students of the PGP 2015-17 batch. The team was awarded a trophy and a cheque of `1lakh. Additionally RBI has offered the team members an internship up to a period of 3 months at its corporate office in Mumbai in any division of their choice.