Indian Institute of Management Kozhikode’s Kochi campus unveiled the pre union budget 2015 discussion on the theme of “Second Generation Reforms” on Friday the 20th of February 2015 at their campus at Infopark Kochi, Kerala. The program was also streamed live on the internet.
The eminent panel included DR. M. GOVINDA RAO, Emeritus Professor of National Institute of Public Finance Policy, New Delhi, DR. PULAPRE BALAKRISHNAN, ECONOMIST and PROFESSOR, MR K.P. PADMAKUMAR - EXECUTIVE DIRECTOR at MUTHOOT FINANCE LTD, DR. MP SUKUMARAN NAIR CONSULTANT AND EDUCATOR and MR. VENUGOPAL C GOVIND Chartered Accountant & Managing Partner of M/s Varma & Varma. The discussion was moderated by Professor Dr. Abhilash S Nair, Assistant Professor @ IIMK. The function was kicked off by Professor Rajesh Upadyayula, Chairperson of the IIMK Kochi Campus.
The discussion primarily focussed on the key economic measures like impetus to agriculture, the need for streamlining of subsidies and social spending, what is behind the buzz word ‘Make in India’ and the discussion moved on to the Importance of Reforms as a continuous process, the importance of the ‘take out’ financing scheme for infrastructure projects, the PPP model for public spends with limited funds and the need for stable economic policies to have a long term horizon. Further the importance of getting FDI and NRI investments was also discussed.
The other key points discussed were on whether to focus on public disinvestments to deal with fiscal deficit or go for fiscal expansion ignoring fiscal deficit value. The need to unlock the investments in stalled projects was another key point of discussion. The panel unanimously stated the need for substantial delivery of reforms from the government in this budget besides the need to increase household savings to promote inclusive development.
About IIMK Kochi Campus: IIMK Kochi campus is IIM Kozhikode’s executive campus imparting education to working executives from different parts of South India. The executive Post Graduate program was recently awarded the AMBA accreditation representing the highest standard of achievement in post graduate business education. The participants of the executive program in the IIMK Kochi campus constitute professionals from the industry (average work experience of 8 years) and entrepreneurs. Besides this IIMK’s campus at Kochi has also been regularly hosting various events like lectures by senior business executives and industrialists.
http://www.iimk.ac.in/kochi/index.php
Photo Caption:
Left to Right: DR. M. GOVINDA RAO, DR. PULAPRE BALAKRISHNAN, MR K.P. PADMAKUMAR, Professor ABHILASH S NAIR, MR. VENUGOPAL C GOVIND and DR. MP SUKUMARAN NAIR.
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