08/12/2017 10:00 am
08/12/2017 07:00 pm
X-FIN, the Finance Association of XIMB organized their annual business conclave “Finomics 2017” on 12th August 2017,Saturday, 2pm. The topic of discussion for the conclave was “Universal Basic Income: The elixir against inequality?”.
The conclave wasopened the conclave by elucidating on the major aspects of the UBI – Universality, Conditionality and Agency. The first speaker of the day was Mr. Shaktikanta Das, Former Economist Affairs Secretary, Govt. Of India, who stressed on the need for effective utilization of resources and redefining of UBI in Indian context. Revival of the private sector and convergence of the existing development schemes were the suggested alternatives. The next speaker Dr. Shachichidanand Shukla, Chief economist, Mahindra & Mahindra, discussed about “Challenges World Economy faces” through a presentation stressed on Universal Basic Income’s implication on poverty. Mr Rahul Nainwal, Co-Founder of Cash Relief, one of the speakers , said “Through Cash Relief, one day Universal Basic Income becomes an elixir” The event concluded with a vote of thanks, given by Professor Banikanta Mishra.