Technical Talk / Guest Lecture
- Talk on Annual Budget Analysis 2020
With the budget announced by our finance minister Mrs. Nirmala Sitharaman, on the 1st of February 2020, the student body of first year Masters in Applied Economics, thought of reflecting on the budget through the frameworks of various economic sub-disciplines.
As a part of this an ‘Annual Budget Analysis 2020’ was organised by a group of enthusiastic students, on the 5th of February 2020. To understand the budget, we invited our Head of the department Dr. Joshy KJ, Dr Greeshma Manoj and Dr Gerard Rassendren. Each of the panellists, were to give their inputs on their areas of expertise. The panel revolved around the areas of macroeconomic aspects, industrial economic implications, and the political economic implications- all of which were the areas of expertise of the panellists and the student moderator of the session was Ms. Dhriti Garg.
The discussion revolved around the implementation of tax related proposals for the current budget, of which our panellists unanimously felt that it would not have any positive impact. The only addition was of confusion and chaos in the system. In terms of the aspect of revenue mobilisation there was very limited scope.
Clearly, the panel also addressed the fact that the budget was more of a rhetoric, in terms of just adding a lot in terms of promises, without a clear path or a plan to address the issues prevalent in the economy. The student body and the panel, unanimously agreed to the fact of the lack of admission that the economy is in crisis and which was conveniently understated by the government. It should have been addressed in a convincing manner to the citizens of the country, as the citizens deserve to know the reality. We had an insightful showcasing of the contrast of the budget presentation, of the contrast in approaches of the post liberalisation of the nations’ budget presented by Manmohan Singh, and that of Mrs. Nirmala Sitharaman. We were able to understand the different approaches of the governments we have today.
Another pressing issue was job creation in the economy. The panellists have pointed out that there are steps being taken by the government, in order to fix the issue. But the glaring problem of unemployment figures in the country which is a 45-year high, clear cut aspect on how the government is going to ensure a boost to the economy in terms of creating jobs is a big question. As many of the students who would be aspiring to get into the job market post the education programs, the job markets still show a slim show of recovery as pointed by the panellists. The need to address in terms of clear roadmap to revive investment sentiments across the sectors is the need of the hour.
Overall the budget discussion was a mix of opinions on various aspects. There were points of joint agreements and disagreements on various aspects by the panellists. This helped us as students to understand how much the economy has changed in terms of the budget. Overall it was a good learning experience and many gained a lot in terms of the knowledge exposure thorough the programme.
- Panel discussion on Analysis of Union Budget 2018
Topic: Analysis of the Union Budget 2018 Time: 02:00-04:00 p.m. Faculty Co-ordinators: Dr. Naveen Kumar Jha Date: 06th February, 2018
Dr. Varadurga Bhat Department of Economics
Christ (Deemed to be University) Bengaluru
A Panel discussion on ‘Analysis of Union Budget 2018’ was organized by the Department of Economics, on 6th February, 2018, Tuesday, at Campus View, Central Block, and 10th Floor. Three Panelists and a moderator had participated in the discussion. The report of the proceedings is as below.
Moderator: Dr. Mathew, P. M. Retd. Professsor, Christ (Deemed to be University) Panelists: Dr. Charan Singh, Professor and RBI Chair, IIM Bengaluru
Dr. Gayathri K. Professor, ISEC, Bengaluru
Dr. Xavier V. K. Professor and Head, Dept. of Economics, Jain University
The Panel Discussion started at 2:00 p.m. with the invocation song. Dr. Joshy K. J, Head, Department of Economics welcomed and introduced the guests.
Dr. P M Mathew
Dr. Mathew initiated the discussion giving the general introduction to the new budget and outlined the different topics to be discussed by the panelists. He also discussed the health related provisions in the budget.
Dr. Charan Singh:
Dr. Charan Singh gave a comprehensive overview of the budget provisions. He analysed the sectoral allocation of funds, sector specific schemes and their expected impacts on the economy.
Dr. Gayathri K.
Dr. Gayathti critically analyzed the issues related to fiscal consolidation. She emphasized the quality of the government spending as the major concern.
Dr. Xavier V. K
Dr. Xavier spoke about the interlinkages between the union budget and the stock market performance. He focused on the impact of union budget on the financial market in India.
Questions and Responses
The audience enthusiastically participated in the discussions and interactions. The panelists responded all the queries.
The Panel discussion was a grand success. It got a highly positive feedback from the students. Concluding the discussion, Dr. Varadurga Bhat expressed vote of thanks to the guests, and the audience for their active participation.
- Crypto Currency Revisualising the Future Economy by Mr Satish VJ
The future of the economy lies in digital currencies and block-chain technology. The undercurrent of the global economy is towards greater decentralization and transparent transactions. In this context it is the need of the hour for any scholar of Economics to have a fair understanding of crypto currency markets and how they differ from the traditional fiat currencies. Taking this urge of students and scholars, Department of Economics organised a guest interaction with Mr Sathish VJ on “Crypto Currency: Revisualizing the Future Economy”, on 1st March, 2018 (Thursday). The guest interaction took place at Sky View, 10th floor, Central block. Mr Sathish VJ is a tech-analyst and investor by passion and profession with 18 years of experience behind him. Most of his investments are in Crypto Currencies, making him the appropriate person to deliver the guest lecture.
The guest of the day was welcomed by the Head of the Department, Dr Joshy KJ. After delving into a brief history of ‘Crypto Currencies’, Mr Satish proceeded to introduce the phenomenon of block – chains and the various types of crypto currencies. As a natural progression he discussed the dynamics of mining functions with respect to this novel kind of currency and ultimately about the risks associated with dealing in such a currency. Despite the sophisticated and complex technicality of the theme, the speaker endeared to our student audience by focussing on the theoretical dimensions and nuances of the idea so that all types of students will be able to comprehend and benefit from the lecture. The audience was made up of students of MA Applied Economics of 1st and 2nd years besides faculty members of the department. The speaker concluded by re-emphasising on the dangers of virtual currencies along with implications for the future in the world of finance and investments. This was followed by a lively interaction with students in the open house session. The session was concluded by the vote of thanks, delivered by Ms Pooja Varma, Vice President, Amartya (Economics Association of Christ University).
- Guest Lecture by Dr Thomas Issac on Union Budget 2018 and Goods and Services Tax
Honorable Finance minister of Kerala, Dr. Thomas Isaac was kind enough to visit the Central Campus of Christ University on 9th of March 2018 to interact with the students of Economics and deliver a lecture on the Union Budget as well as his views on Goods and Services Tax. Being the Finance minister of the Southern State, he actively participates in GST council and was a key figure in creating the GST in the way we see it today.
About Dr Thomas Issac
T. M. Thomas Isaac (born 1952) is the Minister of Finance of the Indian state of Kerala and a central committee member of the Communist Party of India (Marxist). He represents Alappuzha constituency in the Kerala State Legislative Assembly. During his tenure as a member of the Kerala State Planning Board, he was in charge of the People's Plan Campaign (PPC) in Kerala. This campaign is considered as a landmark in the history of decentralization in India. He also served as the Finance Minister of Kerala from 2006 to 2011. Later, he was reelected as an MLA in the 2016 elections and currently serves his second tenure as the Finance minister of the State.
Guest Lecture: Key Takeaways
The finance minister was welcomed by a welcome note delivered by Dr. Greeshma Manoj. Dr. Isaac started his three-hour long lecture by explaining the key elements of Public Finance and how it ensures the destiny of any economy. He also critically looked at the recent reforms in budgetary allocation and planning and how the new tax regime will impact the economy. Though he believes that the new tax structure in beneficial for the economy as a whole, he is unhappy with certain areas of the GST where the tax slabs may hurt local production and domestic household economy. He also focused on the future of Kerala economy and his plans for the welfare of his home State.
The lecture was concluded with a Q&A session wherein the students asked him several questions. This included questions on the impact of GST, the union budget 2018, the plight of natural rubber farmers in Kerala, the problems and economic challenges faced by the Southern States owing to the declining share in the Union tax pool etc.
Finance minister himself expressed the joy of interacting with the Department of Economic Christ university and the students in the campus. The event was concluded by Dr. Joshy KJ, HOD, Economics felicitating Dr. Isaac with a memento as a token of gratitude from the department.
Overall, the lecture was a tremendous success and it opened up fresh perspectives on public financing and budgetary economics to the students.
- Report on International Monetary System - Past, Present and Future
As a part of the course for the final year Masters students in International Finance, a guest lecture was organized The speaker was Dr. Charan Singh, IIMB on 09/11/2016.The lecture was followed by an interactive session with the students where questions were raised about the demonetization by the Indian government and other subject specific clarifications.