Independence Day Seminar

As part of Independence Day Seminar series, this year on 14.8.2009, MCMAT has conducted a seminar on ‘Growth Vs. Inflation: Which one should the Govt address first?’
Dr. Rajan Varghese, Director & Principal welcomed the gathering and highlighted the nuances of calculating various cost of living index as India is experiencing the 13 years highest inflation and the year that has just gone by the Nation had the highest growth of 9.4%, again the highest for 15 years. Several components in Wholesale Price Index, has nothing to do with the common man as regards his cost of living, he observed.
Prof. PA. Habeeb Rahiman , introduced the theme.
Mr. George Thomas, Treasurer of MCMAT & Ex-DGM of Central Bank of India, narrated how important different indexes are and the implications of changes of various components, which constitute Inflation.
The discussion was lead by Mr. P. J. Johney, Chartered Accountant &Proprietor of Johney & Co. He has dealt in detail, how the country has grown from an agro based economy to present day position, where every other nation looks towards India. He narrated how growth is important for the country and the need to accelerate growth, while containing inflation.
In the interface session, that followed, students have actively participated in the discussion.
The seminar came to an end with vote of Thanks by students representative, and singing of the National Anthem.

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