| |
India has opted for capital account convertibility sooner than later, Securities and Exchange Board of India chairman M Damodaran said.
Economist Stiglitz, Nobel laureate 2001, on a tour of India, the country has warned against all convertiblity to say, it could lead to instability.
But Mr. Damodaran said: “It is a matter of proof that India is the financial system is strong, and showing that we do not have a banana republic, which are not against storms, which can be taken to and from ”
He spoke in Chennai on Friday to Samanvay 2007, management fees annual Festival of IIT Madras’ Department of Management Studies.
He said that India was the financial sector is more than ever, although some concerns regarding the sector of real, as regards the security of energy supply, food security and the deficit revenues. “Once they are recipients of this decision, and I think they are increasingly caught in the attack, the financial sector is as strong as it should,” he said.
Professor Stiglitz, “said Damodaran, was the recommendation of India something that do not work, it would be in his own country. “I do not buy such arguments,” he said.
Professor Stiglitz spoke in another function in Chennai said Thursday the account convertibility of short-term capital has the means to leave a country may at any time. What it is important to foreign direct investment (FDI), he said stressing that China has made huge investments without direct foreign capital account convertibility.
In response to a question on China and India, “said Damodaran China was still in India, as regards foreign direct investment and physical infrastructure, but behind India in the development of capital markets. China rules are rudimentary, “he said.
At the same time, “said Damodaran sector could have a real impact of the financial sector. These issues include security of energy supply, food security and the shortfall in revenue. He said fiscal deficit was not a major concern, even if the finance minister decides to press the pause button in this budget. In the same way, the stability of exchange was an important concern, but not now, “he added.
Tags: banana republic, capital account convertibility, capital markets, chennai, china rules, damodaran, energy supply, exchange board, finance minister, financial sector, fiscal deficit, food security, foreign direct investment, management fees, management studies, nobel laureate, paus, physical infrastructure, securities and exchange board of india, supply food |
Have a Question? Ask Us..
Announces Job Oriented Part-time Courses : Two Year P.G. Diploma in Personnel Management, Industrial Relations and Labour Welfare
Last date for submission of filled applications : August 7, 2003
Eligibility : Graduates of recognised university.
Prospectus and application form, please apply with DD/cash of Rs.100/- payable to Madras Productivity Council, Chennai, Outstation candidates, add Rs.10 along with the DD address it to the Executive Secretary Madras Productivity Council
110, Nelson Manicham Road, Chennai-29 (Phone : 23743694, 23740728)
Source : The Hindu (Chennai) July 6, 2003
CHENNAI: India expressed its support for the convertibility of the capital account sooner than later, Securities and Exchange Board of India said the president of M Damodaran.
Economist Stiglitz, Nobel laureate in 2001, is currently on a tour of India, has warned against his country closer to full convertiblity say that it is perhaps too instability.
But Mr. Damodaran said: "It is a matter of time that India is the financial system is robust and showing that we are not in a banana republic, which are not directed against storms that can be taken Now and then "
He spoke
Admission to Ph.D. Programmes - July 2003 : Management (all areas)
Last date for receipt of completed application forms at the institute : April 17, 2003
For application form : Request for application form should be sent along with a DD for Rs.250/- (for SC/ST candidates, Rs.125/- only) drawn in favour of IIT Madras payable at State Bank of India,
IIT Madras together with two self addressed slips (5cm x 10cm) with the applicants address in bold letters to the Deputy Registrar (Acad.), IIT Madras, Chennai-600 036. The envelope must be superscribed as REQUEST FOR APPLICATION FORM FOR PH.D./M.S. PROGRAMME. A separate application
The scene is for the Indian stock markets up terminals Overseas Exchange trade with foreign countries, the regulatory authorities of their wish to express, so that trade with markets in India and abroad. Market surveillance authorities in different countries, that trade can be implemented terminals abroad Indian reserve exchange, "Sebi newsmen Mr. Mehta said today.
Hong Kong and Gulf countries regulatory authorities, Sebi that no formal approval was necessary unless a registration with them for setting up terminals Trading Indian bourses he said after he delivered the convocation address, Lal Bahadur Shastri Institute of Management here.While Canadian regulatory authorities, market participants
Admission : Ph.D. Programme
Receipt of completed application forms at the institute : October 28, 2002
Request for application form should be sent along with a DD for Rs.250/- (for SC/ST candidates Rs.125 only) drawn in favour IIT Madras payable at Chennai together with two self addressed slips (5cm x 10cm) with the applicants address in bold letters, to the Deputy Registrar (Acad.)
Indian Institute of Technology Madras
Chennai-600 036
The envelope must be supercribed as Request for Application for Ph.D. Programme
For application brochure appears in website
Important Dates
Request for application form by post and at the institute counter : October 24, 2002
Source :
The Department of Management Studies, University of Madras, organised a workshop on "Quality management system for school education" on Tuesday at the university premises.
Principals and senior teachers from over 40 schools participated in the workshop. Prof. S. Modi, Head of the Department of Mechanical Engineering, Anna University delivered the inaugural address.
Introspection needed
"School education forms the base of the education pyramid. We need personal introspection at every level to ensure quality in our education system," said Mr. Modi.
Stressing the need to spread such projects in several other centres, he said, schools are ladders that connect students to higher portals of education.
Mr.
Admission Notification 2003-2004 - Calendar Year Course 2004 : MBA (3 Years)
Last date for receipt of filled in application form (Calendar Year Courses) : December 3, 2003
The prospectus and the application form can be downloaded from the website (The cost of application of Rs.100/- should be paid along with the Registration Fee) or can be obtained in person from the Institute or at the Spot Selection Centre/Study Centres from 20-06-2003 onwards on payment of Rs.100/- by cash.
If the same is required by post, a DD for Rs.150/- drawn in favour of The Director, Institute of Correspondence Education, University of Madras,
Let people know that we are in high alert "GNBajpai observed, chairman of the Securities and Exchange Board of India (SEBI), and added" as a regulator, we met any number of shares and will continue to do so respect, our role as a watchdog. We see unusual movements, to take knowledge and action. "
Talking to media on the sidelines of the 2003 meeting of the Institute of Chartered Financial Analysts of India (ICFAI) here Saturday, he said: "I can not stop buying or sell (ie place ) On the market. I can not dictate to. Regulator should be the focus,
Admission Notification (Calendar Year Courses from January 2003) : MBA (3 Years)
Last date for receipt of filled in application form : November 30, 2002
The prospectus and the application from can be downloaded from the website (The cost of application of Rs.100/- should be paid along with the registration fee) or can be obtained in person from the institute or at the spot selection centres / study centres on payment of Rs.100/- by cash.
If the same is required by post, a DD for Rs.130/- drawn in favour of : The Director
Institute of Correspondence Education - University of Madras
Chepauk, Chennai-600 005
should be
Receipt of completed application forms at the institute : April 18, 2002
A separate application form should be submitted for each Department.
Please write to : The Deputy Registrar (Acad)
IIT Madras
Chennai-600 036.
With a DD for Rs.250/- (for SC/ST candidates, Rs.125/- only) drawn in favour of IIT Madras payable at State Bank of India. IIT Madras and two self addressed slips (5cm x 10cm) in capital letters.
The cover must be superscribed as REQUEST FOR APPLICATION FOR Ph.D./M.S. PROGRAMME
Important Dates
Request of application form by post : April 10, 2002 / At the institute counter : April 16, 2002
Source : The Hindu (Chennai),
MBA Tag Clouds
