Rupee volatility: panic unnecessary, says CII
Commenting on the increased volatility in the Rupee, Confederation of Indian Industry has said that careful steps and interventions are required to contain the present situation. Agreeing with the Finance Minister’s comment that the rupee is undervalued, CII has said that notwithstanding the structural weaknesses, the rupee is not reflective of the economic fundamentals. Therefore, the CII said in a Press release that panic reactions to the Rupee’s level are not warranted. The Rupee has lost more than 19 percent against the US Dollar since the beginning of the financial year, accompanied by sharp volatility.
Debate competition at ICFAI University
ICFAI University Jharkhand organised a Debate Competition at its Faculty of Management Studies Campus at Ashok Nagar, Ranchi. A total of 38 students from all of different programs (BBA, BCA, B. Tech and MBA) participated in the competition. In the final round, qualifiers debated on topics like, cigarettes are dangerous and should be made illegal, violent video games are hazardous to a child’s mental well-being, do companies have right to market their goods to children, the media has too much freedom and should be limited in what they can report on. Nutan Kumari (B.Tech) and Vimal Kumar Basu (B. Tech) were in the winning team. The 2nd prize was bagged by the team consisting Swarup Chatterjee (B. Tech), Shubham (B. Tech) Subhash Kumar Suman (B. Tech). K K Nag (Sr. Academic Advisor) in his address to the students on the occasion said, “The objective of the program was to provide the students of the University an opportunity to develop and demonstrate their ability to think critically and communicate clearly their ideas and positions.”