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.

With Frederick Noronha, IANS, [RxPG] Mumbai, Jan. 26 - Fun, robotics, video conference some of the big names in the world in science and technology, and a drastic reduction of re-view on alternatives copyright on the model of this card Techfest2007 year, the students of a Festival of India’s premier technology training centres, IIT Bombay.

“It is something like 20000 people are involved,” said Assistant Professor Shishir K. Jha Shailesh J. Mehta of the School of Management.

Drapiert in a sea of flags that make the assumption by the rich industrialists and other sponsors of this event in the technology of the famous training ground, the Indian Institute of Technology - Bombay was busy with other students and from the crowd at the three-day event, begins on the day of the Republic and continues until January 28.

The organizer of the project is a mixture of fun, Technology and Brain Power. Technoholix, “after dark”, the festival showcase ‘robowars’, in which 30 pounds and 60 pounds-robots battle it out’ in a specially built antenna.

The organizers said, “You saw it as a television, but we promise, for the live demonstration of a completely different event.”

“Illusions” is the name of a virtual reality park, with the french artist Miguel Chevalier special project of an interactive mural. Chevalier is internationally known as one of the pioneers of the art digital and virtual.

Motion Play! Let visitors to play as Shuffle Pack and play football on the screen, with its shadows!

One of the most prominent speakers of John Nash, a famous mathematician and Nobel laureate. It was announced by the winner of the Oscar for the film “A Beautiful Mind”, a 2001 film inspired by Nash’s life and his experience of schizophrenia. Nash is to give you a briefing on the video conference on the subject of game theory and other mathematical concepts.

Thanks to videoconferencing, another of the world’s leading cybernetics professor Kevin Warwick of experts, also known as Cyborg man spoke Sunday evening on neural implants and their effects on the human body, covering her own experience with a chip implanted in his arm.

Giving Social Council, the festival an outbreak, a debate on the responsibility of being an IITian “is also in the field of” India’s most-hyped “students. IITian Participation is editor-turned-Sandipan Deb, Lok Paritrana president Tanmay Rajpurohit , Mastek CEO Ashank Desai, And Webaroo’s Rakesh Mathur, among others.

Others suggested conferences include the former president of Bell Labs, Arun Netravali - Center SETI - the Search Dr. Jill Tarter, India is a leading astrophysicist Dr Jayant Narlikar, Skybus and anti-collision Railway Rajaram Bojji breakthrough innovation - and political activist Dunu Roy On the way society is closely related to science and technology.

The Royal Society, the oldest in the United Kingdom scientific society that their existing exposure to the exposure Science first time outside the United Kingdom, Technology 2007, the organizers of the IIT Bombay.

Exposure is also a model of life-sized dinosaurs Pterosaur adults, mind reading, machinery, facilities for the forecasting of natural disasters unpredictable - and specific structures that can be used for construction in space, Apart from alternative energy sources.