The event started with the lighting of the lamp by the moderator, Dr DV Ramana, a faculty member at XIMB, and various panelists. The results of the paper presentation contest were then announced, with Hanish Yadav from IIM Kozhikode bagging the first prize, and Monica Jain and Vaibhav Kumar from XIMB netting the second.

During the discussion, the panelists debated the stand of the Reserve Bank of India on various financial policies. They also spoke of the impact of the global financial crisis on India and other developing nations. Issues like why developing countries like India and China have such booming economies and the future prospects for these countries were also discussed. This was followed by a question & answer session in which the students asked questions related to the global financial crisis, micro finance and RBIas stand on various issues. A few of the questions were also left open by the panelists.

Finally, Dr Ramana summed up the talk and also presented his views on the topic. The September a08 edition of aFinshastraa, the finance magazine was also released by the panelists and Dr Ramana. The vote of thanks was offered by Prof Banikanta Mishra, a faculty member at XIMB, who also presented mementos to the panelists and Dr Ramana.