Talk on "Navigating monetary policies during COVID"
The Economics Club, Department of Data Science of CHRIST (Deemed to be University), Pune Lavasa Campus – The Hub of Analytics witnessed an inspiring talk by renowned guest speaker Prof N R Bhanumurthy (Vice-Chancellor of Bengaluru, Dr B R Ambedkar School of Economics University) on "Navigating monetary policies during COVID" on 9th of October 2021. Dr Samiksha Shukla, Head of the Department, welcomed the gathering. Teres Augustine, 2nd Year MSc student, introduced the guest speaker Prof N R Bhanumurthy then addressed the meeting by explaining the importance of the monetary institution- RBI's primary role in the nation's economy and stated the RBI governor as the chief of defence staff of the Indian economy. He said that aggregate demand collapsed, and the economy experienced a decline of one-fourth of its GDP. He added that the monetary policy looks over the long-term fluctuations, emphasizing inflation management, and fiscal policy focuses on short-term fluctuations ...