The human capital of Goa needs to be nurtured and developed. That’s the basic strategy for Goa’s development said veteran politician, economist, author and columnist Sitaram Yechury at the Dempo College Golden Jubilee lecture held at Institute Menezes Braganza Hall, Panaji, earlier in the day. Elaborating on his success formula, he explained, “The state of Goa needs to move away from heavy industries to a greater focus on the services sector and the IT sector, both of which are sustainable and environment-friendly. But this kind of growth needs good politics.”
Present at the celebratory event along with Mr. Yechury was Mr. Shrinivas Dempo, Chairman, Dempo Group, Mrs. Radhika Nayak, Principal, Dempo College along with faculty and students of Dempo College as well as general public who had turned up to hear the erudite speaker.
Yechury began his talk by explaining that politics and economics go hand-in-hand. “The two can’t be separated. Good politics leads to good economics and vice versa” he said.
“India is in the grip of an economic crisis” explained Yechury. He added, “Today, India is home to 100 US dollar billionaires according to the Forbes report. These 100 individuals have an asset value equal to half of the GDP of the nation. This is the kind of disparity that exists in this nation. The ground reality is worse than what is projected. 80% of India’s imports are oil imports. With the drop in oil rates, the benefits should have had a positive impact on the economy, but that has not happened. The 2016 budget will, in reality, impose greater burdens on all of us”.
Speaking to the power of India’s youth, he added, “Indians are practically running Silicon Valley in the US and are at prominent positions in NASA and other premium science centres. We need to help India’s youth by providing them the right opportunities and we have the resources to do that. Every year in the annual budget, the Finance Minister reads out a statement on tax foregone. This amounts to close to 5 lakh crore, which is legitimate revenue to the country. The Government should purse this and direct it towards the development of the Indian youth”.
Said Shrinivas Dempo, Chairman, Dempo Group in his closing address, “We are grateful to Mr. Yechury for coming here today and spending time with us and sharing his thoughts with us. India is a vast nation. And despite our different ideologies, we all have common goals. Our human capital is our largest asset and we thank you for your thoughts and suggestions”.
S.S Dempo College of Commerce and Economics is celebrating its Golden Jubilee this academic year 2015 – 16. To mark the celebration of completing 50 glorious years of its imparting knowledge and good values to students, the college has planned a series of lectures.
The Dempo College Golden Jubilee Lecture Series will see celebrated achievers across various fields share their thoughts and interact with audiences in an effort to intellectually stimulate the minds of students and the general public.
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