Guest Lecture 1920

Talk by Mr. Pramod Padmaprabhaiah

SDMIMD organized a talk by alumnus Mr Pramod Padmaprabhaiah as part of the Prerana Alumni Lecture Series on November 25, 2019.  Mr Pramod is currently working with NTT Data Services as Global Enterprise Applications Leader.
In his talk, Mr Pramod presented the concept of ‘Gig Economy’ and explained how small activities become a part of Gig Economy extending a monetary benefit. Mr Pramod mentioned that scaling some activities in terms of monetary value can be a complex task at times and the law-making bodies find it difficult to make policies for these. It is believed that 2023 over 6 million people will be a part of the Gig Economy. The speaker explained how Bloggers, Youtubers, Craftspeople, Stack photographers, Freelancers, Software and Web designers constitute and influence Gig Economy. Further, he touched upon the characteristics of the Gig economy with examples of ‘Kaggle’ and ‘Amazon Mechanical Turk’.  The talk concluded with the discussion on the four major connections in the Gig Economy i.e. Place, Routines, Purpose and People.  

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. 

Talk on Sustainable Employment

Ms. Anjana K R, General Manager – HR, TCS was a Distinguished Speaker to the technical session of the 5th International Economics Conference - 2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends” November 15, 2019. Her talk covered major issues of sustainability in the employment market. She gave her perspectives on industry 4.0, technological disruption, automations and robotics. She believed strongly that upskill and re-skill and critical to sustain the employment. She further added that automation brings up new areas of work and that nothing can replace what a human being can do. The talk also elucidated the sustainable practices being adopted at workplace. 

'Banking Needs Autonomy and Governance', said Dr Narayan Kayarkatte, Ex-Banker

Dr Narayan Kayarkatte, Ex-Banker & Academician speaking on the topic of “Current Banking Crisis in India and Growth Implications” to the participants of the one-day Pre-Conference Workshop on “Development Banking and Inclusive Growth: Emerging Trends” on November 14, 2019, said that trust and bank go together. While there may not be any crisis in banking sector now, problems that exist today might affect the banking sector in future. He postulates two major banking issues. Firstly, recognition and recovery of loans, that is not happening, is the major issue to tackle. Secondly, mismatch between assets and liabilities is growing. He said that in order to overcome these problems, NPAs should be managed well with which Bank shares will increase. Talking about good governance, as Government is both the owner and manager of public sector banks, more autonomy is required to the banks. 
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