Though I was suppose to write account of my first week classes, here I am writing a random post on G20 summit and random stuff. Future doesn't look bright on my resolution to use this page as note-'book' for my classes.
While reading some random stuff, I came across this article - India to provide $10B for eurozone bailout. Hon. PM Manmohan Singh came up with revelation during G20 summit which was kinda surprising. A counter article to on this action was published by firstpost with starting line as - 'When one’s beard is on fire, it is folly to ask for a matchstick to light one’s bidi.'
The statement was kinda funny but it summed up the situation in true spirit. With India facing a double digit inflation, slow industrial (or is it negative) growth, falling GDP numbers, policy paralysis complains and the rampant political situation and corruption puts India itself in danger of economic mess. What surprise me is when countries like USA, UK have refused to add any money to IMF coffer what's the point of committing such action on own by country like India which itself faces problem of its own? I am not saying USA and UK are the country to follow, but this time they are really acting as per situation. I feel in turbulent time like these Nouriel Roubini idea's are showing real significance. On my personal thoughts - when own house is on fire you shouldn't run for saving neighbors house. On lighter note may be economic advisory council have watched 10 Lakh movie famous beggars song - "Garibon ki Suno wo tumahri sunega, tum ek paisa doge wo 10 lakh dega" before recommending this bailout fund money. And hoped this $10B will infuse $10B*1M to Indian economy. But I always have feeling that Indians (or is it Humans) have 'that' spirit in them which will make them tackle any problem when there are no escape. :-)
On other (or shall I say Real) side of life - days are passing quite fast. By the time I notice, I see another Friday looming ahead with loads of cases pending on to-be-read-before-class and assignment to be completed. Life is tough and will be tougher in days to come, not sure if my batch-mates shares the same thought or not? I probably won't say TGIF for next 2.5 years (hopefully it will be only 2.5 :D). Probably hostel oriented course would have helped to keep the anxiety level down. With many stakeholders extending their support for my IIM run, it is becoming a moral obligation to do good rather than anything else and eventually aiding to the pressure. Luckily I always gets company of good people around me. Many thanks to each and everyone helping me in some way! IIM is teaching me to be humble.. hehe