'Impact of Global Meltdown on Indian Economy: Threats - Opportunities'

Updated on: Wednesday, March 25, 2009

Navi Mumbai: The one-day national seminar on “Impact of Global Meltdown on Indian Economy – “Threats - Opportunities” on March 23, 2009 at Oriental Institute Of Management, Vashi, Navi Mumbai has evoked good response from student community, academicians, bankers and practitioners.

The former Principal Adviser, RBI, Dr N A Mujumdar inaugurated the seminar. More than two hundred participants attended the seminar.

Resource Persons and experts who graced the occasions with their thoughts included the following, namely Prof (Dr) Satyendra Nayak, former Chairman Of UTI and former Director, Bank Of Baroda, and currently Senior Professor at IBS (ICFAI), Mumbai and, Dr B K Bhoi, Chief Gerneral Manager, Monetary Policy Department, RBI, Mumbai, Dr P P Roy, AGM, RPCD, RBI, Mumbai, Dr Smairan Chakraborty, Chief Economist, ICICI Bank, Bandra-Kurla Complex, Mumbai and Prof Tamojit Ghosh Roy, Head (Training and Seminar – CCH India)

Dr N A Mujumdar, in his inaugural address, mentioned about the striping of sanctimonious robe of “Washington Consensus” in favour of greater critical role by State in the management of the economy, including the Financial Sector. Later he substantiated his arguments by quoting Professor Joseph Stiglitz, the Nobel Laureate, who remarked that “The US Financial system collapsed because we did not have Dr Reddy at the helm.” While concluding the speech, Dr Mujumdar, recommended for the building up of the pyramid of rural lending institutions, including banks with all their multi-channels of credit delivery towards emphatic achievement of larger financial inclusion.

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'Impact of Global Meltdown on Indian Economy: Threats - Opportunities'

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