Can microfinance be used as a macroeconomic tool to control inflation?

What is microfinance?

Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services such as credit, savings, insurance, and fund transfers.

Relevance of microfinance in Indian Context

RBI statistics show that 41 per cent of the adult population in the country is unbanked; that is, do not have a bank account.

kya karoge tum aakhir IIM Cal main aakar....

kya karoge tum aakhir IIM Cal main aakar

jab itefaakan MBA karne ke baat dimaag main aaye thi

ab yaad aa raha hain shayad woh janwary thi

fer GMAT ki tyari shuru ki humien maahe farwary mein

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.

Kabhi Khushi Kabhi Gum....

Kabhi 0 kabhi 1 dekho ram pam pam

Kabhi is se bhe kamm

Kabhi A bhe to laaya karo

Kabhi khushi kabhi gum tara ram pam pam

Kabhi ache number to laya karo

Learning

As I walk down the narrow lane towards the class room yet another morning, I cannot help but be mesmerised by the beauty of the lakes on either side of the road. As the gentle zephyr balms my face, I am yet again fascinated by the countless unblemished beauty growing from the dark watery mire. Born in the muck of earthly platitude, its base gently sits on the water withering with the ripples created by the soothing breeze. Its grace and aplomb structure reminds me of the pride with which it has been held as the national symbol since time immemorial. As I take a closer look at some of them which are in full blossom, I could see the stern stem giving strength to the plethora of petals around it.

Green Effect

Green color brings with itself a soothing , balmy effect .Imagine an exotic location with vivid hues , and I am sure the first few colors in one’s mind would be blue and green. Turning insipid environs to bouncy and lively ones, making listless souls feel high-spirited ; such is the effect of green surroundings and environments .And we ,PGPEX students, are fortunate enough to have one year to ourselves to stay away from polluted hustle-bustles in a lovely, green campus at IIMC .This life, though, comes at a cost(apart from the huge programme fee and other implicit costs) , which is nothing but living with more insects ,more lizards ,more chameleons(which also turn to green color many a times),some snake encounters , and so on and so forth .Nonetheless , realising that despite all these, benefits outweigh costs we have learned to live with these local inhabitants .

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.

It seems like ages since I’ve reached Joka but it’s been just six weeks. Terms last for six weeks followed by the much feared end-terms. The terms itself are hectic enough with a full load of classes and complex assignments to boot. Well, how could I forget the quizzes where my marks could probably be better represented on the binary scale?