Date: AUGUST 17th, 2019
Classes Attended & Number of beneficiaries: M.A Economics, 13
Name and details of the Resource Person: Mr. S. S RAMANI, Consultant, Institute of Manipal Academy
Objective: To critically analyze the new monetary policy and to understand its impact on Indian economy.
Department of Economics organized a guest lecture on “AN IMPACT OF NEW MONETARY POLICY ON BANKING SECTOR”. The program commenced with the welcome address by Mr. Vijay, Student, II MA Economics followed by a brief introduction of the resource persons. The resource person Mr. S.S. Ramani, Consultant, Institute of Manipal Academy started the session by providing a general overview of the monetary policy of India. Followed by that the resource person started to elaborate, how RBI tries to bring about flexibilities in operations which provide a considerable autonomy in the monetary issues. He also said that RBI encourages more competitive environment and diversification through new monetary policy. It maintains its control over financial system whenever and wherever necessary to maintain the discipline and prudence in operations of the financial system. He then focused his presentation on the recent monetary policy changes and expressed his views on how it will impact the corporate sector and the common man. He also said that a reduction in policy rates will come with a reduction in market yields. The presentation ended with a question-answer session with the audience. The audience put forth questions not only with regard to monetary policy but also from diverse topics like petrol price hike, inflation and unemployment. The session came to an end with the vote of thanks delivered by Ms. Tsusule Lohe, Student, I MA Economics.
Economics Club organized a Guest Lecture on “Natural Resources Management in India”. Resource person Dr. R Manikandan (Assisstant Professor, Bharatiyar University) enhanced the knowledge of students regarding usage of natural resources management for the sustainable Development. He also suggested the collective effort should take by the student’s community to protect the Mother Nature and ways to grow the Economy.
Classes Attended & Number of beneficiaries: 7 students, M.A Economics.
Name and details of the Resource Person: Mr. Jacob Issac Kunnil, Senior Manager, Kothanur Branch, South Indian Bank.
Objective: To understand the new reforms in the banking sector and its impact on banks and the economy as a whole.
A Guest lecture on “An Analysis of the Impact of New Reforms on the Banking Sector” was organized on 16 July 2019 from 3 pm to 4 pm. The session started with the welcome address by Mr. Vijay, III Sem MA Economics followed by that Mr. Jacob Issac Kunnil, who is presently the Senior Manager, Kothanur Branch, South Indian Bank took over the session. In his lecture, Mr. Jacob spoke mainly about the non-performing assets (NPAs) and how it is weakening the banking system of India. He commented that NPAs are like a double-edged sword for a bank as on one hand the bank is not receiving back the lent out money and on the other it has to pay for these defaults from its own profit. He further spoke about the new policies and bodies that are put in place to solve the problem of NPAs. The Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI Act) and the role of Insolvency and Bankruptcy Code (IBC) were highlighted. An interactive session was held for clarifying the doubts of the students. The session came to an end with the vote of thanks and a memento was presented as a small token of appreciation to the valuable resource person.
Department of Economics organized an expert lecture on “Budget 2019-20” on 6th July, 2019. The resource persons for this lecture were Mr. Sudhakar G, Director, Taxation, Deloitte and Mr. Bharath HP, Partner, Tax and Regulatory, 4i Advisory Services.
The resource persons addressed the students of II year MA Economics, M.Com and M.Com (FA). Mr. Sudhakar started the session by providing a general overview of the budget allocations under different heads. He then focused his presentation on the direct and indirect taxes and expressed his views on how it will impact the corporate sector and also the common man. He mentioned that faceless assessment is one of the plus points of this budget. Also, Mr. Bharath elucidated the topic of Angel Tax and its impact on start-ups. Their presentation ended with a question-answer session with the audience. The audience put forth questions not only with regard to taxes but also from diverse topics like petrol price hike, affordable housing and unemployment.
Department of Economics organized a Guest Lecture on “Sub-structure of Banking Discipline” by expert resource persons Mr. Jose P Varghese, Joint General Manager, Regional Office, South Indian Bank, and Mrs. Shruti, Assistant Manager, South Indian Bank, Christ University Branch. Mr. Jose gave insight into risk-return tradeoff and Non-Performing Assets with their effects on banks. The role of Debt Recovery Tribunal and SARFAESI Act, 2002 was brought into picture with regard to recovering loans from defaulters. Further, Mr. Jose gave suggestions about future career and personality development. Mrs. Shruti presented a talk on the history and technological advancement in Banking. The session was quite interactive for students and faculty members.
Department of Economics organized a guest lecture on “Conservation, Sustainability and Enhancing Natural Capital Valuation in Modern World” on 13th December, 2018. The Resource person was DR. M. Balasubramanian, Assistant Professor, Centre for Ecological Economics and Natural Resources (CEENR), ISEC, Bangalore. Dr. M.Balasubramanian is one of eminent resource persons in India in the field of Environmental Economics specialized in Green Accounting, Natural Resource and Environmental Economics, Cimate Change, Solid Waste Management, Environmental Policy, Sustainable Development and Sustainability and Urban Ecology.
Dr.M.Balasubramanian addressed the students of I and II year MA Economics and explained the concept of Natural capital and its valuation in the modern world in very systematic and research oriented manner. He emphasized the importance of Ecosystem services and Natural capital. The session was highly useful for the student in terms of practical knowledge and to find research opportunities in the area of Environmental Economics.
Classical economics, which dominated in the 18th and early 19th centuries, laid the foundation for much of modern economics. Key Classical economists include Adam Smith, author of -'The Wealth of Nations’, David Ricardo and John Stuart Mill. The objective of Lecture on Classical Economics brings out relevance in modern times. Department of Economics organized a Guest Lecture on "Classical Economics-History, Theory & Policy." for the students of MA economics by an expert resource person Dr. Alex M. Thomas, Assistant Professor, Azim Premji University. Dr. Alex demystified the classical economics. In session started with discussion on book of Thomas Piketty 'Capital' and followed by the discussion on the major ideas about Classical, Marginal, Keynesian, Marxian and Behavioral school with lucid examples. Lecture emphasized on the work of Sraffa and Kalecki. The session was quite interactive for students and faculties.
Stock trading can be financially rewarding if done in the right way. Investing in the stock market involves riding the various ups and downs of the market. Since the introduction of online trading, investing in the stock market has become simple and convenient. Due to growing need of understanding online trading, Department of Economics organized a guest lecture on ‘Online Trading’ on 20th February 2018 for the students of MA Economics. Teachers and students were guided by an expert resource person Mr.Sunil Nayak, Cluster Manager, Karvy Commodities Ltd. In the beginning of the session, the advantages of trading were highlighted with special emphasis on use of technology to make trading simple and convenient. With the help of examples, the resource person has explained the way to start online trading with the expert help and the areas where one has to be careful while trading. The session was quite interactive and students had get their doubts clarified related with the online trading.
Name and Details of the Resource Person: Dr. M Seenuvasan, Assistant Advisor, Department of Economics & Policy Research, RBI, Bengaluru.
Objective: To enhance the knowledge in terms of the Monetary Policy Dynamics and its impact on the Recent Economic Environment.
On 19th January, Department of Economics organized a Guest Lecture on “Monetary Policy Dynamics in the Recent Economic Environment”. The Resource person of the session was Dr. M Seenuvasan, Assistant Advisor, Department of Economics & Policy Research, RBI, Bengaluru. The session started with a welcoming address by Ms. Susanna Sajeev, student of I MA Economics and then the session was taken over by him, starting with the recent policy changes of RBI, the Resource person opined that the major focus of monetary policy at present is leveraging the economic growth with stability and less inflation. He discussed about the fall of GDP after demonetization and very soon the economy is going to recover from this downfall. The session was quite interactive and went through doubts on current Bank rate, Repo rate, tools to control inflation, recent economic crisis and answers were given with practical examples. The students of M.A Economics were highly exposed to the recent monetary changes and its impact on the current economic environment. As a token of gratitude from Department of Economics he was thanked by presenting a memento by Prof. Neeta Dwivedi. The vote of thanks was given by Mr. Fahad Hamsa student of II MA Economics.
‘A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain’- Robert Frost
On January 11 2018, Department of Economics organized a guest lecture on ‘The Nuances of Banking’ .Teachers and students were guided by an expertise resource person Mr.Renil Raj, Manager at Indian Overseas Bank, under presence of our Department Coordinator Mrs. Neeta Dwivedi. The session was started with welcoming address by Ms.Deepa Das, student of 1st MA Economics and the session was taken over by him, starting with the main functions of bank and various aspects of working of a bank.
He also had given a brief about public sector banks and government regulation acts on banking and gone through the working of Indian Overseas Bank as a public sector commercial bank. He covered different types of loan and its interest rates and also specified about priority sectors where they can get subsidies, mainly agriculture sector. Different sectors of industries and allied loans do have its own impact on growth of banks.
As economics students each were able to gain new information and techniques of banking and its wide opportunities, especially for students who are into economics will be at ease under the working conditions of banks. He concluded with the IBPS banking test which is a gateway for banking profession.
The session was quite interactive and went through doubts on NPAs, farmer’s security, collateral based loans, weavering of loans and answers were given with practical examples which were reasonable. As a token of gratitude from Department of Economics he was thanked by presenting a memento by Mrs.Neeta Dwivedi and vote of thanks was given by Mr.Sunon .G.Zhimo student of 1st MA Economics.
Enhancing our thoughts on banking concepts through different aspects we go on nurturing our knowledge, capturing new world of learning economics in different attitudes of life.