Minutes of Meet : 29 Aug 2017

[OM KAMLESH PATEL]

Minutes of Meet

Date:29 Aug 2017

Session by: Aditya Kulkarni, Sakansh Mittal, Shivani Singh

Time: 8:30 pm

 

The session began with a brief introduction of the new recruits and the existing members. This was followed with a discussion of the Venezuela crisis-the problem, its origin and the probable solution.

Short term solution was taken up by Sakansh which included 

Nationalization of PDVSA

b)     Outsource drilling rights

c)      Sovereign Bond Restoration

 

Long term solution was proposed and discussed in great detail by Kulkarni mainly about introducing Yuan as the official currency which can be acquired easily by trading oil.                               

The following topics were also explained - fiscal policy and monetary policy, pros and cons of using USD vs Yuan, the importance of trade and its two theories, i.e. mercantilist and laissez view.

 

Finally, Shivani threw light on government consulting through her experience as an intern at IPAC. She took up a case study where in the members had to analyze the impact of the 9/11 terror attacks on the hotel industry across the States, and how it could be tackled.

 

That’s all from the Session

Om Patel