Annual Convention DAY 1

Department of Business Economics,University of Delhi organizes its Annual Convention, 2008

Highlights Day 1

Department of Business Economics, University of Delhi, concluded its 35th Annual Convention. The Convention was a two day long event which provides a valuable platform for interaction between students of Master of Business Economics, the flagship programme of DBE.and the luminaries’ of Iindustry, Apex Research Organisations and Academia. The convention also facilitate eminent personalities of various strata of Commerce & Industry to share their views on the current economic scenario & the role of a Business Analyst.

The theme of this year’s convention is “LEVERAGING GLOBAL CHANGE: MANAGING TURBULENCE IN INDIAN ECONOMY”

On the outset of the event Mr. Arvinder Singh Lovely, minister of state for education, lit the lamp and started the 2 daylong event.
The keynote speaker was Dr. Arvind Virmani, the Chief Economic Advisor in the ministry of Finance. Dr. Virmani addressed the important question of growth and inflation and the effect of ongoing financial crisis in US to India. He also emphasised on the importance of expectation in determining the prices. Professor Dinesh Singh, Director of UDSC also graced the occasion.


Day one started with a panel discussion on the theme Indian Economy : Current trends in a global perspective, The speakers were Prof. Shankar Acharya, Mr. Anil Bisen and Ms. Jyoti jingdar, Dr. Aradhana Agrawal- HOD, Department of Business Economics chaired the discussion. Prf. Acharya began by enumerating the salient points that drive the growth of the economics. He also expressed his concerns over the mounting effects of the global crisis and said that the effects are going to be long lasting. However, he said that, the momentum of the past is still with us. So he was not worried about the economy’s performance this year.
Mr Bisen, Director of the planning commission spoke in details about the subprime credit crisis-its origin and implications. Following this Ms. Jingdar, DGM , SEBI explained how SEBI’s regulatory functions and provided a cushion to the domestic investors. She also expressed the need for investor education and coordination among agencies to avoid such crisis.

The second session was on the theme: Resolution to the price puzzle. Prof. V R Panchmukhi and Dr. Renu Kohli were the eminent panellists. Dr. Kohli, senior Economist, IMF gave a presentation on managing inflation in India. She explained the various structural and cyclical factors and demand and supply issues that have laid to the surge in prices. The core components of inflation being food, fuel and commodities, all three of which have seen in increase in prices. Following this, Prof Panchmukhi spoke about the trade theories and flow of funds from one country to another. The last session of the day dealt with marketing strategies.

Main Sponsor of the event was “Mitsubishi Motors” supported by Reebock. The event has Pagalguy.com and Times Of India as Education Media and Print Media partners.