Introduction:
The Department of Economics in collaboration with the Internal Quality Assurance Cell [IQAC] of Sikkim Government College, Namchi organized a one-day seminar on the theme “Inflation Targeting: The compass of Modern Monetary Policy.” The seminar aimed to explore the concept of inflation targeting and its growing importance in the formulation of contemporary monetary policy, particularly in the Indian context.
Objective of the Seminar:
The primary objective of the seminar was to enhance the understanding of inflation targeting among students and faculty and to discuss its role in achieving macroeconomic stability, fostering investor confidence, and promoting sustainable economic growth.
Welcome and Inaguration:
The seminar began with a welcome address by Mr. Tshering Wangchuk Bhutia, Assistant Professor, Department of Economics. This was followed by an inaugural speech by the Principal of SGC Namchi, Dr. Deepak Tewari , who emphasized the need for the economic awareness among students and the relevance of monetary policy in daily life.
Keynote Address:
The keynote speaker for the seminar was Mr. Aditya Prasad, Lead Analyst at Beroe Inc. Bangalore, India. His presentation focused on the evolution of inflation targeting as a monetary policy framework, with examples from global and Indian contexts. Mr. Prasad elaborated on the Reserve Bank of India’s adoption of inflation targeting and highlighted its impact on economic stability and growth.
Interactive Session:
An engaging interactive session followed the keynote address. Students and faculties actively participated by posing insightful questions, to which Mr. Prasad responded with clarity and depth, fostering a vibrant academic dialogue.
The event concluded with vote of thanks by Mr. Kunzang Topgyal Shangderpa, coordinator of the seminar, who expressed gratitude to all participants, organizing committee members, and the IQAC team for their support.
Outcome of the Seminar:
The seminar enhanced participants’ understanding of inflation targeting , encouraged active student encouragement, and bridged theory with real-world policy, insights, fostering interest in further economic study.
Conclusion:
The seminar served as a valuable academic platform, enabling meaningful dialogue between students, faculty, and an industry expert. It is not only deepened participants’ knowledge of inflation targeting but also encouraged critical thinking about real world economic policies. Overall, the event significantly contributed to the academic and professional development of attendees.