Association of Indian Economic and Financial Studies’ (AIEFS) 21st Biennial Conference was held at the School of Economics, University of Hyderabad on August 3. The two-day conference witnessed participation of various scholars and researchers from across the globe from Economics and Finance sectors. The focus of the conference was the Indian economy, exchange of useful research insights for academicians, professionals and policy makers. The conference included presentations on issues concerned with the economy and finance in general and in areas such as growth, socio-economic challenges, trade, banking, financial markets and Indian corporate sector.
Former Governor of the Reserve Bank of India Dr. Y.V. Reddy, who inaugurated the conference, shared his views on various macroeconomic issues. He also questioned the creation of an independent body for public debt management. Dr. Reddy expressed his concerns over assets bubbles and said that there should be a sense of caution in following such a course. On the issue of separating public debt management from RBI, he said, “owners should not borrow from their banks on principle”. He also suggested that if the two bodies are to be separated, it is crucial that public debt to be managed, and not fixed by the government.
In an exclusive interview, UoH Dispatch got a glimpse into the life of the former RBI Governor. During the informal interaction, he talked about his current favourite book, ‘Blood Brothers-A Family Saga’ by MJ Akbar and admitted that he has been trying his hand at painting during his free time but has met with little success. On a more serious note, he spoke of the need for good jobs and infrastructure for young Indians to ensure a stable future. He mentioned that he loved meeting students and advised them to refrain from being judgemental and be focussed and humble in their endeavours.