GAYA: Economists participating in the three-day annual meeting of Bihar Economic Association in Gaya have emphasised the need to conduct studies on Bihar-specific issues for speedy development of the state.
The conference, jointly organised by the Bihar Economic Association and Magadh University’s PG department of economics, began on Friday.
The inaugural session, held in the MU auditorium, was inaugurated by MU VC Prof Qamar Ahsan. Nearly 300 delegates from different parts of the country are attending the meet.
In his inaugural address, the VC appreciated the grit of the participants who braved Gaya’s proverbially tortuous summer to contribute to the event’s success. Emphasising the need for academic engagements, the VC said such events give more opportunities to young teachers and researchers to widen their horizon and broaden the outlook.
The VC hoped the conference would deliver good results for the overall benefit of the people and ensure betterment in the quality of life. “Living societies look beyond tomorrow… As such the economists have to shoulder the responsibility to make the earth a better place to live,” said the VC.
Some of the conference participants regretted that enough was not being done to dissect the different dimensions of the new economic policy that encourages liberalisation as well as globalisation.
Speaking at the inaugural session, Jaipur University VC Ugra Mohan Jha said state-level academic bodies were better equipped to monitor development parameters and suggest course correction, wherever necessary. He also favoured employment-friendly curriculum designs.
Three books on different aspects of Indian economy were also released on the occasion. The books are ‘Dynamics of Commercial Banking in India’, ‘Indian Economic Development Pattern’ and ‘Monetary and Fiscal Issues in Development Process’. The books have been authored by Kalpana Kumari Paul, Purushottam Kumar and Raghavendra Kumar Singh.