Recently, G.S.College of Commerce & Economics, Nagpur proudly established an association with RBI Mumbai for a One Day Workshop on ‘Foreign Exchange & You and Role of Monetary Policy’. The workshop was held at Hotel Pride, Nagpur.
The workshop focused on enlightening the students about various aspects of Foreign Exchange Dept. and Role of Monetary Policy towards socio-economic growth and establishing economic stability in the Indian Economy.
The workshop commenced with the address of Tribhawan Singh(DGM, Foreign Exchange Department,RBI, Mumbai ). In his address Tribhawan Singh apprised the students’ of various functions and responsibilities of RBI. It was followed by the address by Principal Dr.N.Y.Khandait, who appreciated the efforts taken by RBI towards imparting of financial literacy to public at large and particularly for the youth.
The workshop was graced by Sanjay Bhargava (Chairman, Shiksha Mandal , Wardha) who applauded the nature of the workshop and its objective in creating value-addition to the existing knowledge base of the students’.
In the interactive session that followed, various facets of monetary policy were dealt with. Lokesh Behl (Manager, Foreign Exchange Department, RBI Mumbai) explained and highlighted on various aspects like the challenging role of RBI in the volatile world market; possibility of tapering of QE by US and impact on emerging economics; factors determining the volume of currency to be printed by RBI; black money and measures taken by RBI; various instruments of credit control and their working;
Non-Performing Assets; future of capital account convertibility in India; future of bitcoin; devaluation of Yuan and its impact on the Indian currency ;identification of fake currency; rules and regulations regards to foreign exchange; FERA to FEMA; etc.
Padma Ramchandran(Asst.Manager, Foreign Exchange Department,RBI, Mumbai & Program In-charge) conduced the proceedings while Prof. Rashi Arora (HOD, Economics, G.S.College, Nagpur and Program In-charge) proposed a vote of thanks.