VISAKHAPATNAM : An international conference on “Applied Economics and Finance” was organised by GITAM School of International Business on Saturday, at GITAM University here. Participants across the country from some of the premier business schools and universities presented research papers covering various contemporary issues on applied finance and economics.
During the conference, school director Prof VK Kumar suggested to the researchers to focus on empirical works that can address contemporary issues influencing the economy. The Indian Econometric Society (TIES) president and dean - School of Economics, University of Hyderabad, Prof B Kamaiah explained about Wavelet Analysis and Bayesian Time Series.
10 million displaced due to projects
Delivering a special lecture and submitting recent study reports at GITAM Research Forum, Nalini Bikkina, director in-charge, GITAM School of Gandhian Studies, said that displacement was an unintended but essential consequence of initiatives for development and approximately 10 million people every year are being displaced due to projects, including dams, transportation and other infrastructural development in the country.
She stated that “displacement statistics are at best careful estimations; they are not inclusive of a large number of other people displaced due to other infrastructural support systems such as canals, power plants and compensatory creation of bio-reserves.”
She suggested that facilitating the formation of self-help groups and cottage industries utilising indigenous raw materials can counter the socio-economic adversity consequent to displacement. Also psycho-social support systems in the form of brief supportive counselling may do well to buffer the adverse impacts, she added.