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Author & Former Member, 14th Finance Commission
Editorial Director, Swarajya
Writer & Emerging Market Investor
Professor, Centre for Economic Studies and Policy

Date & Time

Wednesday Wed, 29 Jan 2020



Bangalore International Centre
7, 4th Main Road, Domlur II Stage
Bengaluru, Karnataka 560 071 India
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+91 98865 99675 bic@bangaloreinternationalcentre.org

Every year in the run up to the Union Budget, experts opine on the key issues that the Finance Minister needs to grapple with in evolving the plan for the year ahead. This year is no different. At BIC we present some of these issues in a “on the one side” and “on the other” format.

Some of the issues:

  • Fiscal conservatism versus demand stimulation for cyclical recovery (Is restricting fiscal deficit the holy grail?)
  • Government infrastructure spending vs private capital expenditure led growth (Is government  stimulus spending key?)
  • Industrial policy versus laissez-faire for employment generation (Remnants of the License Raj?)
  • Uniform tightening of all rules versus a more prioritised approach (One size fits all?)
  • Is getting consumption up the way forward for fixing the economy?

Our panelists will address these issues in a for-and-against format. It’s not necessary that they subscribe to the view that they take on the platform, however it is imperative that they are able to defend their stated position.


M Govind Rao

Author & Former Member, 14th Finance Commission

M. Govinda Rao is Emeritus Professor, National Institute of Public Finance and Policy, and Chief Economic Adviser, Brickwork Ratings. He was a member of the 14th Finance Commission. He’s associated with Takshashila Institution, Centre for Public Policy, Indian Institute of Management, Bangalore. He research interests include Tax Policy and Reforms, Public Expenditure Management, Macroeconomics of Public Finance, Fiscal Decentralization and Federalism.

R Jagannathan

Editorial Director, Swarajya

Journalist with over 43 years’ experience in business and general journalism. Past career profile includes being Editor or Executive Editor of Business Today, BusinessWorld, DNA, Financial Express, Forbes India, Indian Management, Firstpost.com and Moneycontrol.com. Started career with Financial Express as reporter/sub-editor in 1976 in Mumbai.

Recent focus has been on digital commentary and journalism, having been associated with Firstpost.com, Moneycontrol,com, business-standard.com, and myiris.com. Economics graduate from St Xavier’s College, Mumbai. He was awarded the Shriram Sanlam Lifetime Achievement Award in 2016. Currently Editorial Director of Swarajya magazine.

Narayan Ramachandra

Writer & Emerging Market Investor

Narayan Ramchandran is father of two girls, husband of writer, social entrepreneur, columnist and emerging market investor in that order. He worked on Wall Street (mostly at Morgan Stanley) for over 20 years, most recently as head of global emerging market investing and then country head of Morgan Stanley in India

K Gayithri

Professor, Centre for Economic Studies and Policy

Gayithri Karnam is a Professor of Economics of the Center for Economic Studies and Policy at the Institute for Social and Economic Change, Bangalore. She specializes in the area of Public Economics, Industrial Economics and Public policy studies. She conducts research, teaches and guides PhD students. She has conducted a number of research projects, published extensively. She has served as an advisor on a number of state government committees and as consultant to international donor agencies like USAID and DFID in state level fiscal studies. She has been a recipient of Shastri Indo Canadian faculty research fellowship twice to undertake comparative fiscal studies at the Carleton University Canada. She has undergone training at the Duke Center for International development, Duke University on aspects relating to public budgeting and financial management and has participated in the Executive Education program on Public Financial management in a changing world at the Harvard Kennedy School, Boston.