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On 31 March 2021, the government put to rest doubts over India’s continuity with its macroeconomic goal of price stability. The government retained the target for inflation for the Monetary Policy Committee (MPC) of the Reserve Bank of India at 4% for the period 2021-2026, with a tolerance band of +/- 2 percentage points.
Inflation goal as ‘first among equals’:
Even as some economists and commentators have questioned India’s paranoia with inflation, the moot question is, should inflation targeting be accorded prime status in the hierarchy in India with other macro goals of growth and financial stability?
A perusal of history suggests that India’s inflation targeting compares very favourably with that of New Zealand, the pioneer in its adoption in 1989. New Zealand specifically defined price stability as an inflation rate in the 0-2% range, to be achieved by 1992 as a macro goal. It was only in 2019 that New Zealand extended the monetary policy goals
Womenâs Day 2021: Women make better money managers than men, says Priti Rathi Gupta
GEICE KELLY
âBeing the founder of a start up is like permanently being on a treadmill. #justsaying #startuplife #bhaagmilkhabhaag,â tweeted Priti Rathi Gupta recently. She should know, as Priti is the founder of LXME (pronounced Lakshmi), touted as Indiaâs first financial planning platform for women. A Harvard Business School alumnus who has also done a Post Graduate Programme in Family Managed Business from SP Jain Institute of Management and Research, Priti aims to break the popular stereotype that women canât manage and grow their own money, with the help of her start-up LXME. Ahead of Womenâs Day, we caught up with the entrepreneur who chose to take the plunge in an industry which is still mostly dominated by men. Here are edited excerpts:
MBA (Entrepreneurship & Family Business)
The two-year program is designed to help business successors to develop an understanding of the changing global scenario and the modern economic landscape. The interactive pedagogy includes projects and case studies to ensure that students receive hands-on experience.
Applicants must be graduates in any discipline from a recognized university (minimum 50% in aggregate/final year). They must also show proof of involvement in a family business.
Integrated MBA (Entrepreneurship &
Family Business)
The five-year composite course combines a graduate as well as postgraduate degree – BBA (E&FB) and MBA (E&FB) – making it ideal for students who want to study management after Grade 12.
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K. Ullas Kamath, Joint Managing Director of the Mumbai-based Jyothy Labs, speaking at the launch in Mangaluru of K. Ullas Kamath Centre for Family Managed Business at K.S. Hegde Institute of Management, Nitte in Udupi district, on Monday.
K.S. Hegde Institute of Management, Nitte in Udupi district, has launched a family managed business programme. Speaking at the launch of K. Ullas Kamath Centre for Family Managed Business here on Monday, K. Ullas Kamath, Joint Managing Director of the Mumbai-based Jyothy Labs, said that the institute has launched the centre to catalyse the continued prosperity of family-run micro, small and medium enterprises in the country.