“When there is a crisis in public sector banks, the government bails them out and vice versa. In times of stress, how can two weak wings of the same system support each other? When both government sector and financial sector are highly leveraged, then it is a problem. However, I credit the people of India for a stable economy as, fortunately, the household sector here is low leveraged. The stability to Indian financial sector is therefore provided not by banks or by government but by the people of India,” said Y.V. Reddy, Chairman, 14th Finance Commission of India, and former Governor, Reserve Bank of India, at the inaugural ‘Policy Speaks’ series at the Indian Institute of Management, Bangalore (IIMB).
Addressing faculty and students of IIMB on ‘Linkages in Public Policy in India’, Mr. Reddy said, “There should be harmony between policies; we should stop thinking in silos. Every participating agency must appreciate the value of coordination in public policy. The weakness of one policy must be offset by action taken in another policy area. For instance, if the fiscal policy is loose, then the monetary policy may have to be tightened in order to avoid the weakness of the fiscal policy from getting into the totality of the system.”
Workshop
The Department of Civil Engineering, University Visvesvaraya College of Engineering (UVCE), organised a one-day workshop on ‘Isotope application for water resources development and management’.
Chairman of the department B.S. Nagendra Prakash, Principal K.R. Venugopal, Executive Director of CWRDM-Kerala N.B. Narasimha Prasad, Vice-Chancellor of Bangalore University B. Thimme Gowda, environmentalist A.N. Yellappa Reddy and Regional Director of CGWB G. Sudarshan attended it.
Walkathon
Students of Narsee Monjee Institute of Management Studies, Bangalore, organised their annual walkathon event on the theme of child sex abuse. The event was initiated with a street play ‘Pukar’, followed by the walk and an interactive session.
Graduation Day
The graduation day of M.S. Ramaiah Institute of Technology (MSRIT) was organised recently. The chief guest, A.R. Upadhya, former director of NAL, asked the students to believe in their capabilities and meet the challenges, optimise the design of the product and insist that it be made in India.
Partnership
The Association of Chartered Certified Accountants (ACCA) recently announced its partnership with Bangalore-based Jain University and St. Joseph’s College of Commerce to offer courses in accountancy, finance and business. With these tie-ups, the students of both the institutes have an opportunity to earn a degree and ACCA’s professional qualification by the time they graduate.
ACCA has entered into a Memorandum of Understanding (MoU) with both the institutions to roll out its courses. Students at both the institutes will be able to complete the ACCA qualification exams, which are based on International Financial Reporting Standards, along with their regular degree course.
Earthian
Wipro Ltd. Has announced the launch of Earthian 2014, a global initiative by the company for sustainability education programme in schools and colleges.
With ‘Water in our school’ as the theme, Wipro aims at long-term education and learning that will help educational institutions, educators and students make more informed choices about their lives and society.
Institutions from across the country have been invited to form teams and participate in the programme.
For more details and for registration visit: >http://www.wipro.org/earthian/
