Madras School of Economics team wins RBI policy challenge

A team from the Madras School of Economics has won the national level round of the RBI Policy Challenge’17 organised by the Reserve Bank of India. The RBI conducts the competition nationally to spread knowledge about the framework of the monetary policy and other related monetary and banking issues among students. It was started in 2016 by Raghuram Rajan when he was RBI Governor.

The MSE team comprising Pranjal, Tuhin Batra, Abhishek Chand and Aakash, and faculty advisor Sartaj Rasool Rather was awarded certificates, a trophy, cash prize of ₹1 lakh and has been invited for a three-month internship at the RBI Central Office, Mumbai.

According to a release from the MSE, this year around 300 teams participated in the policy challenge. Initially, each team was advised to submit an article on the topic ‘Inflation – an iniquitous tax,’ based on which four teams from each region were short-listed for the next round.

In the South zone, the teams from Indian Institute of Public Enterprise Hyderabad, IIM Kozhikode, NLSIU Bengaluru and Madras School of Economics participated, and the MSE team was declared winner at the zonal level and was selected for the national level competition.

Four teams — IIM Indore, IIFT Delhi, TISS Guwahati and MSE — participated in the national level competition, in which the MSE team was declared winner by a the jury made up of deputy governors of the RBI.