Campus News

5th International Economics Conference – 2019 (IEC 2019)

 
 
The 5th International Economics Conference - 2019 was organised on November 15 & 16, 2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends”. The two-day conference was inaugurated by Dr. Sébastien Chantelot, Director of La Rochelle Business School & Vice Dean-Academics of Excelia Group, France. 
 
In his keynote address, Dr. Sébastien elucidated that the future corporate managers need to possess the core skills such as complex problem solving, critical thinking, emotional intelligence, creativity, judgement and decision making, people management and coordination with stakeholders to implement sustainable business practices. He said that every company needs to justify the triple bottom line such as economy, environment and society. People, planet and profit are postulated as the central aspects of sustainability. He also raised concerns on increasing pressure on the environment and opined that sustainable development goals (SDGs) could be achieved through responsible management education. Dr. Sébastien argued for the need for industry-academia collaboration to instil sustainability practices. Further, he expressed his apprehension over ethical dilemmas and sustainability practices in business.
 
Dr. H. Gayathri, Deputy Director, who spoke on 17 Sustainable Development Goals (SDGs) of United Nations which is built on the principle of “leaving no one behind” focussed on the holistic approach to achieve sustainable development for all. 
 
Dr. B. Venkatraja, Conference Chairperson, introducing the conference theme said the event had been organised to deliberate on the factors driving growth and causing economic slowdown in the emerging global open market. 
 
The two-day event featured technical sessions, panel discussions and paper presentations on different issues related to the conference theme. 
 
Ms. Anjana K R, General Manager – HR, Tata Consultancy Services, Dr. M. Indira, Ex-Chairperson & Professor of Economics, University of Mysore, and Sri. Bharathram Lokkur - Director, Lokkur Investment Advisors Private Limited delivered talks during technical sessions. 
 
A panel discussion on “Sustainability & Business Economy” had Dr. Gavin Melles, Professor of Sustainability, Swinburne University, Australia, Dr. Rajagopal R, Founder & CEO, KnowGenix, Mumbai and Jyotsna Belliappa, Head- CSR Assurance at BlueSky as panel speakers. The panel was moderated by Dr. M.R. Suresh, Professor, SDMIMD. 
 
Sri. K.R. Viju Parameshwar, Former President & CEO of Kluber Lubrication India Private Limited was the Chief Guest to the valedictory session of the conference held on November 16.
 
Members from academia, industry and research scholars from different parts of the country and abroad presented 140 research papers and case studies on the theme. The conference was attended by 200 delegates. 

Workshop on "Development Banking and Inclusive Growth"

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A Pre-Conference Workshop on “Development Banking and Inclusive Growth: Emerging Trends” was organised on November 14, 2019 as a part of 5th International Economics Conference – 2019 (IEC 2019). The workshop was inaugurated by Mr. Srinivas Acharya, Managing Director, Sundaram BNP Paribas Home Finance Ltd. In his inaugural address, Mr. Acharya spoke about Infrastructure Finance and emphasized upon the changing economy and banking culture and proposed a solution in a witty remark; saying that risk management should be married to technology. He concluded his speech stating that banks take more time to evolve and change to match the trend, hence the government should aid development banking to balance the economy.

Dr. H. Gayathri, Deputy Director, welcomed the participants. Dr. B. Venkatraja, workshop coordinator, introduced the theme and background.

The one-day workshop has deliberated on the various dimensions of the theme. Mr. Pankil Sanghvi, Partner at BDO India LLP addressed the gathering on Indian policy and regulatory aspects relating to development banking and their macro-economic impact. Mr. Surya Panda, Head-Credit, Samasta Microfinance Ltd. was the other invited resource person and he shared his perspectives of development banking from the angle of microfinance. Dr. Yashavantha Dongre, Professor (Rtd.), Commerce, University of Mysore, overviewed the issues of dual regulation, size and governance in Indian co-operative banking.

The growth implications of the current banking crisis were deliberated through a panel discussion.  Mr. K P Pradyumna, Ex- Chief Lead District Manager, Lead Bank, Dr. Narayan Kayarkatte, Ex-Banker & Academician and Dr. Yashavantha Dongre, UOM were the expert panellists. The discussion was moderated by Dr. B. Venkatraja, Asst. Prof. Economics, SDMIMD. 

IEC 2019 Valedictory Address by Mr. Viju Parameshwar

The 5th International Economics Conference - 2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends” was organized on November 15-16, 2019. Sri. K.R. Viju Parameshwar, Former President & CEO, Kluber Lubrication India Private Limited was the Chief Guest to the Valedictory Session. In his valedictory address, Mr. Parameshwar raised concerns on the current macroeconomy, suggested the possible policy actions for development and also predicted the future trends as well. He reiterated the statement by Milton Friedman “business of business is to make profit. Shareholder return is sole aim of business and hence business is materialistic”. The speaker was apprehensive that wage inequality was increasing, and more could be achieved only if the country is less unequal. Inequality reduces growth, undermines democracy and creates deceleration in public investment. Mr. Parameshwar ponder upon the measures to improve the economy scenario were implement social safety nets, government intervention to limit monopoly, revival of liberal Keynesian model, bring stakeholder welfare as focus of business, and capital gains to be taxed fairly. Further, he presumes that technological disruptions that are underway will affect income at bottom line. Hence, re-skill and upskill the workforce is required for sustainability.  
 
Dr. H. Gayathri, Deputy Director, SDMIMD, presided over the function. Dr. B. Venkatraja, Conference Chairperson, proposed vote of thanks.   

Invited Talk on Indian Macroeconomy and Investment Scenario

Mr. Bharathram Lokkur, Director, Lokkur Investment Advisors Private Limited was invited as a Distinguished Speaker to a technical session of the 5th International Economics Conference-2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends” November 16, 2019. Addressing the conference delegates, Mr. Lokkur gave a snapshot of the current scenario of Indian economy and the slowdown. The speaker highlighted the growth of market cap and wealth creation for the shareholders. He talked about the dynamic nature of equity markets and various factors affecting it, opining that markets look at the future. He also emphasized on the necessity of corporate governance to build investors’ confidence; thereby raising capital and growth of the industry & economy.

Social Scientist spoke on ‘Gender Equality and Sustainable Development’

Dr. M. Indira, Ex-Chairperson & Professor of Economics, University of Mysore was speaking to the delegates of the 5th International Economics Conference-2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends” November 15, 2019. Dr. Indira highlighted the interconnectivity between gender equality and sustainable development. She about three important reasons to link gender equality and sustainable development; firstly, the moral-ethical imperative, second being the disproportionate impact of environmental, social and economic shock on men and women and lastly, because of the growing evidence of synergy between gender equality and sustainable development. She further deliberated on how sustainable development has failed to consider the issue of gender equality to its fullest impact on economic environment especially in India. It is wise to avoid losses due to inequal opportunities by bridging the gender gap through acceptance and transformation, said Dr. M. Indira.