Chandigarh

PU 55TH COLLOQUIUM: UNION GOVT. PRINCIPAL ECONOMIC ADVISOR SANYAL EXPLAINS ON COMPLICATED TAXES SYSTEM AND GST

April 15, 2019 11:20 PM

Chandigarh (Face2News)

The Panjab University Colloquium Committee successfully organized 55th PU Colloquium at 03.00 p.m. on April 15, 2019 at Dr. S. S Bhatnagar UICET, Auditorium of Panjab University, Chandigarh.

Prof. (Dr.) Raj Kumar, Vice Chancellor, Panjab University, Chandigarh presided over the occasion.

Prof. Promila Pathak, Coordinator PU Colloquium Series briefly spoke about the eminent speaker. She introduced him and mentioned his achievements stating that he was awarded the Eisenhower Fellowship for his work on urban dynamics. He has been a Visiting Scholar at Oxford University, Adjunct Fellow at the Institute of Policy Studies, national University of Singapore and a Senior Fellow of the World Wide Fund for Nature.

In his address, he thanked the Guest Speaker, Sh. Sanjeev Sanyal, Principal, Economic Advisor to the Government

of India and the Co-Chair of the G-20 Framework Working Group for taking out time from his busy schedule to grace the University with his solicit presence and agreeing to enlighten the audience with his vast knowledge on Indian economy and world economy. He highlighted about how technology plays important role through medium, target group and productivity. He also elucidated how the young researchers through their research can help common man and society.

Prof. Promila Pathak, Coordinator PU Colloquium Series briefly spoke about the eminent speaker. She introduced him and mentioned his achievements stating that he was awarded the Eisenhower Fellowship for his work on urban dynamics. He has been a Visiting Scholar at Oxford University, Adjunct Fellow at the Institute of Policy Studies, national University of Singapore and a Senior Fellow of the World Wide Fund for Nature.

He has been member of the Steering Committee of Urban Age at LSE Cities and co-founder and Director of GIST - a think-tank that is a pioneer in the field of environmental accounting. He has been closely involved with Aavishkaar MicroVenture Fund which won the UN's World Business Award for 2006.

Prior to joining the government, he spent two decades in the financial sector and was Global Strategist & Managing Director at Deutsche Bank until 2015, where he joined the firm in 1997 and also won the Young Turk award in recognition to his contributions to Asia's financial markets.

In 2009, he joined the Board of Governors of AFPRO, one of India's largest organizations working on food security and has also advised the UK government, United Nations Environment Programme, and other international agencies. He was named Young Global Leader by the World Economic Forum at Davos in 2010.

Sh. Sanyal won the first International Indian Achiever's Award for his contributions to Literature at the Inaugural gala event in Mumbai. He was conferred with the inaugural International Indian Achievers Award for contributions to Literature in 2014. He was honored as a Young Leader at the World Cities Summit by Singapore Government in the same year.

He is also a Fellow of the Royal Geographical Society, London and of IDFC Institute Mumbai. He is also a well-known Environmentalist and urban theorist. In 2016, he served in the Future City Sub-Committee of the Singapore government tasked with building a long-term vision for the city-state and is currently a member of the committee tasked with writing a new National Urban Policy for India. Sh Sanyal’s best-selling books include Land of the Seven Rivers, The Indian Renaissance, and The Ocean of Churn, all published by Penguin.

In addition, he has published around 200 articles, columns and reports in leading national/international publications like Hindustan Times, Project Syndicate, The Times of India, Live Mint and Business Standard. He has been a Fellow of the Royal Geographical Society, London and a Visiting Fellow of IDFC Institute, Mumbai. She further added that he belongs to a family that has played an important role in India's freedom struggle against British colonial rule. His great grandfather Sh. Nalinaksha Sanyal Ji was the Chief Whip of the Congress Party in the provincial assembly of undivided Bengal and a vocal opponent of colonial policies during the Bengal Famine of 1943.

His granduncle was Sh. Sachindra Nath Sanyal Ji who was one of founders of the revolutionary movement and a mentor to revolutionaries like Shahid Bhagat Singh and Chandrashekhar Azad. 

The speaker for the occasion, Sanjeev Sanyal delivered a lecture on the topic “21st Century Economics”. In his Lecture, he explained about the ideas of economy can change nation’s way of living. New ideas from different fields like socialist and marketing economists act as filters. Economy may be considered as biological ecosystem which is continuously moving; there is no natural tendency to move to equilibrium. He talked about Noble prize winner Friedrich Hayek speech about pretence of knowledge.

He also explained about complicated indian tax system and GST. Economy which is related to other fields like biology, history etc. is going to churn and they has to be optimal equilibrium; it keeps on continuous moving. He emphasized that new ideas should be imbibed and we have to participate in the changes; at the same time we have to take these to next generation and. It is important how do we operate in this environment. At the end, he talked about new reforms like judicial forms, higher education etc. in the country need to be introduced. 

University Faculty, teachers of Local Colleges and neighboring institutes, CRIKC members, research scholars, and students attended the lecture. The event ended successfully by a vote of thanks proposed by Dr. Nishima Wangoo, member Colloquium Committee.

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