The Department of Economics, Jamia Millia Islamia (JMI) organised a two-day Online National Conference on ‘Banking and Finance- Issues, Challenges and Prospects in India’ during 29-30 November, 2022 under the aegis of Golden Jubilee Celebrations of the Department. More than 75 research papers were presented through 12 technical sessions along with two plenary, inaugural and valedictory sessions in this two days conference.
Prof. Asheref Illiyan, Head, Department of Economics, JMI in his opening remarks emphasised that the purpose of organizing the conferences is to provide a platform for the academicians, researchers and industry professionals to share their experiences and contributions.
Prof. Najma Akhtar, Vice Chancellor, JMI & Chief Guest in her address highlighted the importance of financial and banking sector and reiterated the significance of adoption of technological upgradation in purview of current economic challenges facing by India. She wished that the discussions and deliberations in this conference would surely help in understanding the current challenges and possible solutions for maintaining the financial health of the country.
The Guest of Honour, Shri Surjith Karthikeyan (IES, Deputy Secretary, Department of Financial Services, Ministry of Finance, GoI has stressed the issues of Banking Soundness, reforms and new initiatives in the field. The Guest of Honour, Shri Anoop T, Vice President & National Head of Government Business Department, Federal Bank has shared insights regarding the crucial elements and future prospects of the banking culture in the Indian context.
The plenary session 1 was graced by Prof. C.P. Chandrashekhar, Senior Research Fellow, Political Economy Research Institute (University of Massachusetts, USA), and Prof. Rudra Sensarma, Professor of Economics, IIM Kozhikode. The second plenary session was graced by Dr. Manoranjan Sharma, Chief Economist, Infomerics Rating & Former Chief Economist Canara Bank and Prof. S.M. Javed Akhtar, Dept of Economics, AMU. The plenary sessions were moderated by Prof. Shahid Ashraf and Shahid Ahmed, Dept. of Economics, JMI.
Prof. Param Jit (DSE, DU), Prof. Naushad Ali Azad (Retd. Professor, Dept of Economics, JMI), Prof. Veeramani C (IGIDR, Mumbai), Dr. Abdul Aziz NP (Dept of Economics, AMU), Prof. Srinivasu Bathula (Dept of Economics, JMI), Dr. Karimullah (Dept of Economics, Allahabad University), Dr. Tariq Masood ( Dept of West Asian Studies, AMU), Dr. AB Aliyar (Former Director, Kerala State Minorities Development Finance Corporation), Dr. Zakariya Siddiqui (Visiting Fellow, GIFT, Kerala), Dr. Tosib Alam (Dept of Economics, Central University of Kashmir), Dr. Taufeeq Ahmad Siddiqui (Dept of Management Studies, JMI), Prof. Surender Kumar (Chairman, Dept of Economics, DSE, DU), Prof. Tanveer Ahmed (Dept of Computer Engineering, JMI) were session chairs.
Valedictory session started with the welcome note by Prof. Asheref Illiyan (HoD, Department of Economics) and Rapporteurs report was presented by Prof. Moonis Shakeel, Organising secretary, Dept of Economics, JMI. The chief guest of the session was Prof. Nazim Husain Al-Jafri, Registrar, JMI. He mentioned that this conference is highly timely and has contemporary relevance. He wished that the outcome of this conference will be highly useful for policy formulation and program implementation by the government.
The keynote speaker, Dr. Justin Paul, Professor, University of Puerto Rico, USA mentioned the role of being innovative and thinking of new ideas is the foundation stone for being successful. The guest of honours Dr. PC Jaffer (IAS, Secretary, Ministry of Finance, Karnataka) highlighted that the theme of the conference is so apt in this current context of financial development in India. The country is planning to launch e-currency very shortly which has several policy implications and numerous future opportunities.
Shri Junaid Khan, Senior Knowledge Management Officer, World Bank mentioned the importance of data privacy and knowledge management for sustained financial growth of the country.
The distinguished guest of the session Prof. Ravindra Kumar, Dean, Faculty of Social Sciences, JMI highlighted the relevance of financial systems in the current scenario for greater and sustainable recovery of the economy. The conference was concluded with a vote of thanks by Dr. Vasim Akram, Organising secretary, Dept of Economics, JMI.
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