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Arthavad- An Emcee ViewPoint SLOT 1: Role of Corporate India in Restructuring Macro-Economic Policy.

Pooja: Distinguished guests, members of Faculty and my fellow future managers; a very Good morning to all. Welcome to the final day of Conventus 2013, the Annual management Conclave of International Management Institute. Today, EconIMI, the Economics club of IMI brings to you the first session of Arthavad 2013, The Economics Summit. I Pooja and my co-compere Dennis will take you through this session. Pooja: The topic for discussion in this session is: Role of Corporate India in Restructuring Macro-Economic Policy.
Policy making is not merely a technical function of government; rather it is a complex interactive process influenced by the diverse nature of socio-political and other environmental forces. In the liberalized economic policy regime, the corporate sector has been assigned a major role as the driver of growth and development process of the Indian economy, in particular the industrialization effort. This has resulted in a number of institutional changes, especially in the regulatory framework applicable to the sector. Thus Corporate India can employ its experience and play a major role in rethinking and refining the

macroeconomic policy. With this in mind, our panel of senior executives from leading

companies will analyze and discuss what lies ahead for Economists. A wide range of expert views and the information about the latest macroeconomic developments, trends, opportunities and challenges will be discussed. To give us more insight into this topic we are honoured to have amongst us four very eminent personalities. Mr. Soumya Kanti Ghosh, Mr. Abheek Barua, MR. Anupam Khanna and
our very own Professor Arindam Banik.

Pooja:

To begin with, I would like to introduce Mr. Soumya Kanti Ghosh //////////////////////////////////////////////pooja this needs shortening??????????????????
Soumya is currently the Chief Economic Advisor, State Bank of India. He was most recently, Senior Fellow at ICRIER. He was responsible for driving the G20 agenda at ICRIER. He was also the Chief Economist-FICCI. He was responsible for espousing FICCIs stand on contemporary economic issues and acting as a facilitator between Government and Industry. He is a prolific writer and is a columnist with Financial Express.

Soumya has a Ph.D. in Economics with proven success in Risk Management, Quantitative Analytics & Economics. He believes that Economics and Risk Management complement each other as has been substantiated time and again and most recently through the ongoing world financial turmoil. He has over 19 years of experience in risk management, economic / econometric analysis, developing macro-econometric models and working on Indian economy, in tracking financial markets. He is also a guest faculty to IIT Kanpur and IIT Rohtak on areas of risk management and was a member of Committees of GOI. He has been involved in key leadership roles with reputed MNCs in domain of economics and risk management. His work on the Indian economy & risk management has been a harbinger of things to come. In particular, his work has been widely acclaimed, published in leading Indian economic journals, international publications and has also been quoted in regulatory reports. He has also been widely publicized in electronic and popular media. Specialties: 1. 2. 3. Risk Management (Insurance Risk, Credit Risk Market Risk & Operational) Economics (Information Products, Statistical Supplements, Event Studies, Forecasting) Mentoring, Coaching & Setting up large teams

Sir, we are privileged to have you here with us today. As a token of respect we would like to present you with a bouquet. <Bouquet is handed over to the guest speaker> We welcome you sir and request you to kindly join us on the dais.

Dennis:

Next, I would like to introduce Mr. Abheek Barua

Abheek Barua is the Chief Economist and Senior Vice President of HDFC Bank, he has been in the financial sector for 17 years now and has worked with CRISIL, Merrill Lynch and the Economic Times. His previous assignment was as Chief Economist, ABN-AMRO Bank. He has also advised the Planning Commission and the RBI. Abheek has been in a number of key consultative committees of the Indian Banks Association, CII and the Bombay Chamber of Commerce. He is a regular commentator on CNBC and NDTV and writes a fortnightly column for Business Standard. Mr. Barua holds a Masters Degree in Economics from the Delhi School and University of Maryland at College Park.

Sir, we are honoured to have you here with us today. As a token of respect we would like to present you with a bouquet. <bouquet is handed over> We welcome you sir and request you to kindly join us on the dais.

Pooja: Next I would like to Introduce MR. Anupam Khanna ???????????????????????????????????Again edit required????????????????????????

Dr. Anupam Khanna is Chief Economist & Director-General at NASSCOM, the association of IT firms in India. Anupam relocated to India in 2009 after thirty years with the World Bank in Washington D.C., the last five as Senior Manager for Policy Support to the Board. He was Senior Advisor to the Senior Vice-President & Chief Economist during 1997-2000 and Special Assistant to the President during 1989-91. From 2000-2003 Dr. Khanna was Chief Economist for Shell in London, advising top management on global economic issues, country risk, corporate strategy, and leading economic analyses for Global Scenarios to 2020. He also lived in Beijing, China during 1986-89, helping set up the World Banks Resident Mission with primary responsibility for industry, mining, and power sectors. As Division Chief during 1992-97 Anupam managed infrastructure operations in Indonesia and South Pacific and served on the World Banks Infrastructure and Environment Sector Boards through 2000. His extensive experience in economic policy, infrastructure development and technology innovation in emerging markets, spans China, India, Indonesia, Philippines; Brazil, Peru; Kenya, Nigeria, Somalia, Zimbabwe; Hungary, Portugal, Spain and the United Kingdom. In India Dr. Khanna served as Principal Adviser to the high-level National Transport Development Policy Committee set up by the Prime Minister and as Senior Advisor to the President of the Global Development Network where he focused on climate change and on agricultural policies in Africa and South Asia. Anupam, a Distinguished Alumnus of I.I.T, Kanpur, topped the graduating class of 1974. He earned two M.S. degrees and a Ph.D. from Stanford University. He was Visiting Fellow at Oxford University in 2003 and participated in executive education programs at Stanford, Harvard, MIT and London School of Economics.

Sir, we are honoured to have you here with us today. As a token of respect we would like to present you with a bouquet. <bouquet is handed over> We welcome you sir and request you to kindly join us on the dais.

Dennis: I would now like to introduce Professor Arindam Banik

Arindam Banik is a recognized academician on development economics, international business, trade in services and corporate governance. His fields of specialization and research include international trade and services, global financial imbalance, development economics, the structure and organization of financial markets and payment systems, technology transfer and strategic analysis of markets and economics. He started his career as a foreign exchange trader for American Express Bank, Dhaka. Professor Banik has published more than 100 articles in top academic journals in the areas of international finance, development economics, trade in services, technology transfer and agricultural economics. He taught at University of the West Indies, Cave Hill Campus, Barbados (2001-2005). He is editor of the Global Business Review, on the Advisory Board of the e-Social Sciences, Asian Business and Management and The Journal of Public Sector Policy Analysis. He holds the Associated Cement Companies (ACC) Chair Professor in International Finance and Business at IMI. The Institute established a research cell entitled, Prospect of Indian Cement Companies Business in the Neighbouring Countries with a generous ACC endowment under his leadership. He has commented extensively in broadcast and in print on South Asian Economies and public policy issues. He has also been a consultant to a number of national and multilateral corporations such as Ministry of Rural Development GoI, ACC, ADB, UNIDO, World Bank, ILO, IDRC, CIDA, gtz. Apart from this he holds Affiliated Professorship, Centrum Centro De Negocios, Ponficia UNIVERSIDAD CATOLICA DEL PERU

Sir, we are honoured to have you here with us today. As a token of respect we would like to present you with a bouquet. <bouquet is handed over> We welcome you sir and request you to kindly join us on the dais.

Pooja On behalf of everyone present here, I express my sincere gratitude to Mr. Soumya Kanti Ghosh , Mr. Abheek Barua, Dr. Anupam Khanna and Prof. Arindam Banik for taking out time from their busy schedule and sharing their thought provoking insights with all of us. Thank you sir, for the valuable knowledge you have imparted to us through this discussion. Im sure, that we shall keep in our minds all that you have said and try and imbibe this knowledge into our decisions as managers of the future. Dennis: Now we would like to present the distinguished speakers for the session with a small token of our appreciation. Mr. Ghosh. Sir, kindly accept the memento as a gesture of our appreciation. Mr. Barua, we were honoured to have you with us today. Kindly accept the memento as a token of our appreciation. Mr. Khanna, it was a privilege hearing to you. Kindly accept the memento as a gesture of our appreciation. Prof. Banik. Sir, kindly accept the memento as a gesture of our appreciation. Pooja: Ladies and gentlemen, with this we conclude the first session of ARTHAVAD 2013. We are sure that the session has been very enlightening for each and every one present here. On behalf of the Economics Club of IMI, I would like to take this opportunity to commend all the guests, participants, speakers, the professors, students and staff of IMI, as well as the media persons for covering the event. We would also like to thank our sponsors for helping to make this endeavour an unparalleled success.