University of Jammu Organizes Lecture

JAMMU: As part of the Golden Jubilee year celebrations of University of Jammu, a lecture series was organized at Computer Science Auditorium on the topic "Macroeconomic Issues and Challenges in India".

Prof Manoj Dhar, Vice-Chancellor, University of Jammu in his presidential address emphasized about the dichotomy in the agriculture sector. He articulated that on one hand a good agricultural growth is helping the economy, however, the benefit of the same is not being accrued to our farmers. Therefore, the need of the hour is to have an integrative policy so that the benefit of our growth story reaches till the last man.

Prof R.D Sharma, former Vice-Chancellor, University of Jammu and presently Vice-Chancellor, Noida International University, the Guest of Honour spoke about the development of the economy since independence and explained how with the help of liberalization the foreign exchange reserves of the country has soared and has put our economy in resounding position.

Dr. Rajiv Ranjan, Advisor and Head DEPR, RBI Mumbai spoke on the topic "Macroeconomic Issues and Monetary Policy in India" wherein he explained though the health of the economy is extremely good and inflation is well within the range however the non-food inflation is around 5% which is a cause of worry. Therefore the threat exists if the food inflation which since last three years is around 2% if rises in future will have snowballing effect on the total inflation. He also delved on the issue of change in RBI act in 2016 regarding inflation targeting.

Dr. Jai Chander, Director, DRG, DEPR, RBI Mumbai spoke on "Fiscal and Monetary Policy Coordination". He explained about the operational aspects of RBI and emphasized on the fact that inflation targeting cannot be done by monetary policy alone the fiscal policy is equally important to restrict the same.

Shri A. B. Dutta DGM, RBI, Jammu who delivered on the issue of "NBFCs: Inspection and Supervision" discussed as to how shadow banking which though is small in percentage terms can lead to crisis as they are less regulated.

Dr. Manoj Bhatt, Department of Economics, event coordinator in his welcome address explained that fiscal and monetary policy coordination cannot be achieved by supremacy of any one of it.

The lecture series concluded with a vote of thanks by Prof Shailender Jamwal, Dean Students' Welfare.

Among others Faculty members, Officers, Scholars and students were also present on the occasion.

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