Hello

Week 3 on our SEWA Internship

group

SEWA Radhanpur women and us.

Last weekend we went on our first trip out of the state of Gujurat to Udaipur in Rajasthan. It was our first time taking a sleeper bus in India and boy was it an adventure! We booked our tickets online and set off an hour early to get to the bus stop, knowing we’d get lost. However we soon realised that the address we were going to was taking us way out of town and was definitely not a bus stop! It was midnight and after many futile tries to call the bus company the Uber driver had had enough. Thankfully, he agreed to take us back into town to another address we hoped was the actual bus stop. We arrived at the address 5 minutes before the bus was scheduled to leave and was hopeful that we’d be able to catch the bus in the nick of time. However once we got out of the taxi it became apparent that there was no order to where and when buses came and went. We frantically ran up and down the street following the directions from friendly locals who were sending us in completely opposite directions. Ten minutes had passed so we had to accept defeat!

After we regained our breath, Plan B was to find a ticket office where we could buy another ticket. The ticket office at what looked like a bus station was closed so we hopelessly tried asking some locals. We started talking to a man who knew pretty good English and soon we were surrounded by men trying to help us out (or find out why four foreigners were running around the place like headless chickens). One man insisted that he knew where it was and offered to take us there. We got to what looked like a shop lot on the side of the street and was instructed to sit and wait next to these two girls. They looked like they were waiting for a bus so I asked which bus they were waiting for. To our amazement they were waiting for our 12:45 bus that had been delayed by an hour! We couldn’t believe it!

The bus experience was the equivalent to that of the Knight Bus from Harry Potter. It felt as though we were going to tip on the top bunk, and the horn was the driver’s best friend. When we finally made it to Udaipur, we were relieved that we even made it. We immediately took a rickshaw to the City Palace only to find it closed, so we waited until it was open. We explored the City Palace and Udaipur and then rested at our hostel The Bunkyard, and spent the rest of the evening on the rooftop overlooking the water. That night, the monsoon rains finally hit and we experienced our first proper monsoon thunderstorm. There was a power outage so everyone in the hostel gathered around a single light talking and playing music. It was a great experience for us as we got to converse and share stories of India with others staying at the hostel.

On our second day in Udaipur we visited the Clock Tower and climbed to the very top! Afterwards we put our bargaining skills to the test and purchased some tchotchkes to bring home.

untitled

View from The Bunkyard.

During the week we took a trip to Radhanpur to see the SEWA Hansiba textile museum.  This three and a half hour journey outside of Ahmedabad had many twists and bumps but we enjoyed the journey and scenery on the way there. Once we arrived, we were greeted and immediately shown the museum which displays many communities worth of clothing and blankets. Each piece of textile had its own history, whether it was 150 years old or intricately detailed. We then had a lovely lunch made by the SEWA women. We also had the opportunity to speak with a few of the SEWA women about what they do for the women in Radhanpur and how they started. One very interesting question we were asked, and not expecting, was how women are treated in our respective countries. We came to the conclusion that everywhere women are fighting for equality.

GEO SEWA Interns

RBI Week 3: Seeing the Sights

Namaste, time is flying by and week three is proving to be the most exciting week yet. We, Valentin Ayer and Dominic Oulton, are finally getting acclimated to Pune and want to begin travelling outside

rbiweek3of the city. Originally we were planning on visiting the animal reservation in Gir, however due to Monsoon season the conditions were not ideal. Currently, we are working on planning a trip to Goa. An Indian province and former Portuguese colony, Goa is known for it’s gorgeous Portuguese white-wash architecture and beautiful beaches. It is located about twelve hours south of Pune and we are planning on taking the night bus – we’re looking forward to it!

Last Friday we got off work early and the Reserve Bank supervisors took us site seeing a long with visiting central bankers from neighboring countries. Our first stop was the famous Aga Khan Palace built in the 19th Century and made famous by Gandhi’s 2-year imprisonment after his decision to launch the Quit India Movement. During his time there both his beloved wife and close secretary died. In fact, all of their ashes, including Gandhi’s, are buried there and the palace has been turned into a museum commemorating Gandhi’s journey and legacy. After, Aga khan palace, we went to Shaiwar Wada, a medieval fort in the middle of Pune. The views from the wall and towers were beautiful and the garden was quite nice. We capped off Friday with burgers and steaks at the Hard Rock Café as we all missed western cuisine. It was a lot of fun and Dom volunteered for a burger eating contest; he ended up getting first place while also setting a new café record.

During this week we went to the zoo in Koregaon Park and got to see a lot of animals ranging from buffalo weighing a metric ton to white tigers and leopards. We’ve also attended some lectures which were generously planned by the RBI for us. The first one was rather serious and involved India’s monetary policy arbiweek32nd the structure of banking system; we learned a lot about the specific challenges India faced and how their policy was tailored to it. The next lecture was more informal and involved Indian art, culture, and spirituality. Through this lecture we learned about the identity of different regions of India and the sheer diversity in language and culture throughout India.

As for our work, it is coming along very nicely. We’ve just finished our research and have begun outlining and writing the actual report. In fact, our supervisor kindly organized for over 70 bankers to take a survey which we created in order to gather data on our subject: Financial Consumer Protection in the Financial Services Industry in India.

India is colorful, loud, pungent, intense, and we’re excited about our next three weeks here.

GEO RBI Interns

 

Saris, Scots and Stock Exchanges

Our GEO interns working at NISM, Mumbai tell us what they’ve been getting up to during their second week!

Friday

With the first week of our internship finally concluded, the team ventured to Inorbit mall to celebrate with Western food as a refreshing break from the buckets of (amazing) curry fed to us by NISM. We stumbled upon an American restaurant called Chillis, for an evening of meat and Western charts music. However, the highlight of the night for Nellie and Grace was discovering the gem that is the Happiness Station.

Saturday

After an early start the team got ready for a trip to R City mall in central Mumbai, organised by our supervisor at the institute, Nandini. After wnism1hat the locals consider a short trip across Mumbai, of around an hour or so, we arrived at the mall to be greeted by a giant hamster ball connected to a spinning price discount board which can only really be described as The Price is Right meets Gladiators or some other form of competitive Saturday night television. We were then taken to a restaurant serving up traditional Rajasthani cuisine, which looked rather overwhelming with all 3 courses served on one plate. Although it was delicious some of us weren’t too convinced by one dessert which can be best described as having the consistency and taste of a wet sponge. We were then given free time to explore the mall, resulting in the girls embracing what India has to offer (though we feel some may suit it more than others).

On returning to the guesthouse we had the pleasant surprise of 3 other interns from Edinburgh University joining us. The new group bonded over drinks and football. However, for some of us (especially those of German origin) the extremely tense penalty shootout between Germany and Italy at Euro 2016 created quite the calamity…

Sunday

We had a lazy Sunday spent recovering from a busy first week with some of us exploring more of Mumbai.

Monday

We had a hectic morning filled with literature reviews being analysed by our supervisor Sandeep to assess their suitability, whilst also re-designing the groups and work delegations to incorporate the other interns. Following this we decided to introduce the Edinburgh students to our “local”…Tight Bar Round 2!

Tuesday

Sandip Ghose, Director of NISM, informed us in a board meeting that seemed rather professional that our research projects would be changing to focus primarily on financial literacy and education in India, different from the projects we had originally chosen. In addition, we were told that the next day was Eid, an Islamic festival, and that we would be given the following day off which took us by surprise (not that any complaints were made!).  Back at the guesthouse in the evening everyone played the hat game involving a lot of hilarious acting by Jack (Edinburgh Uni) of several different celebrities including an inventive acting out of Tigger.

Wednesday

Up bright and early we ventured into Mumbai to visit the Gateway of India, a famous historical monument built in the 20th century to welcome Prince Charles. It has since been used as an entry point for prominent visitors including British governors until India gained its independence. We then stopped to grab breakfast which was made amusing by Jack mistaking a fellow British tourist as a waiter and proceeding to give him his order. The rest of the day was spent wandering around Mumbai taking in the sights, sounds and smells (of which there are plenty).

We also visited various prominent buildings associated with India’s economy including the Bombay Stock Exchange and RBI institute, which we will be revisiting soon with our supervisor for an in depth tour and chance to meet influential employees.

After a tiring day on oNism2ur feet  we decided to collaborate the group’s’ financial knowledge to succeed on the Stock Market … or rather the Stock Exchange Bar where drink prices fluctuated in a similar manner to actual stocks.

Thursday

We returned to NISM refreshed from our mid-week break and began to immerse ourselves into our projects, including consulting the vast library within the NISM institute, which we have been gratefully given permission to use.

Friday

The day was dominated by birthday celebrations for Tim, one of the Groningen interns. Not only did we arrange to have birthday balloons and doughnuts brought to him at work, but our supervisor also presented Tim with a present on behalf of NISM. The excessive sugar from the doughnuts lead us to have a productive afternoon continuing our work on analysing the masses of data available to us. In the evening we visited Bandra (the “Shoreditch of Mumbai”) to celebrate the birthday at a fantastic Japanese restaurant before sampling the nightlife and getting the chance to collaborate our cultures through some fantastically awful dancing.

GEO NISM Interns