Bombay Stock Exchange (BSE) along with the Centre for Policy Research (CPR) is staring a monthly Macro Economic Seminar Series from 26 October, 2015 onward. The objective of this series is to bring together policy aspects and industry perspective on a common platform. This would stimulate fresh analytical insights into Indian macroeconomic issues for potential use by policy makers.
The series will open at BSE in Mumbai on 26 October, and focus on ‘Indian Finance Code (IFC) – Is It a Good Framework for Monetary Policy?’ With the revised IFC, the government has formally mandated the RBI to move towards Flexible Inflation Targeting (FIT). Under this agreement, the objective of monetary policy is primarily to maintain price stability, while keeping in mind the objective of growth. This has opened up a debate on the appropriateness of FIT for India and the composition of the monetary policy committee (MPC), which might affect RBI’s autonomy, and dilute its principal responsibility for controlling inflation.
The talk will be inaugurated by Ashishkumar Chauhan, MD &CEO, BSE. This will be followed by a panel discussion featuring:
Ramgopal Agarwala, Chairman at Pahle India Foundation, and Honorary Senior Fellow at National Council of Applied Economic Research
Sajiid Chinoy, Chief India Economist and Executive Director at J.P. Morgan
Surjit S Bhalla, Senior India Analyst at Observatory Group, Chairman of Oxus Research and Investments, and governing board member of NCAER (National Council of Applied Economic Research)
The discussion will be moderated by:
Rajiv Kumar, Senior fellow at CPR, Chancellor at Gokhale Institute of Economics and Politics, Pune, and the Founding Director of Pahle India Foundation (a non-profit research organization)