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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. Read More>

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. 

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. 

Panel Discussion on “Sustainability & Business Economy”

As a part of the 5th International Economics Conference-2019 on the theme of “Economic Growth and Sustainable Development: Emerging Trends” held on November 15-16, 2019 a panel discussion was organized. The topic of the was ‘Sustainability & Business Economy’. Dr. Gavin Melles, Professor of Sustainability, Swinburne University, Australia, Dr. Rajagopal R, Founder & CEO, KnowGenix, Mumbai and Ms. Jyotsna Belliappa, Head- CSR Assurance at BlueSky were the expert panel speakers. The panelists highlighted that the Indian corporates possess adequate knowledge about sustainability and CSR, but they also need to invest in their systems and people. The transformation of CSR from a philanthropic perspective to a sustainability was also discussed and the panelists opined that CSR should be more from a humanitarian perspective than a business practice. The discussion was moderated by Dr. M.R. Suresh, Professor-Marketing at SDMIMD. 

'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.