The knowledge of Macroeconomics cannot be overemphasized. Because of Financial Globalization, Indian Securities Markets are interconnected with other financial markets nationally and globally. There is inter-connection  among key elements of macroeconomics with financial markets. Accordingly, good understanding of Macroeconomics is required by every officer of SEBI.

Keeping above in mind, NISM conducted a 2-day programme on ‘Macroeconomics’ for SEBI officers in Grade A to C.

The broad topics/areas covered in the programme were Evolution of Macroeconomics, Fiscal Policy & Union Budget, Monetary Policy & RBI,  Issues related to demonetization, Liquidity Management in Financial Market, Macroeconomic Indicators and Indian Capital Market, Understanding ‘Union and State Finance’, General Overview of Indian Economy & recent issues, etc.

The speakers of the programme comprised of academicians as well as experts in the area of Macroeconomics, namely –  

1. Mr. Sitikantha Pattanaik, Director – Monetary Policy Department, RBI

2. Mr. Madan Sabnavis, Chief Economist, CARE Ratings

3. Mr. Devendra Pant, Chief Economist, India Ratings & Research Pvt. Ltd.

4. Prof. Asha Prasuna, Professor, K J Somaiya Institute of Management Studies & Research

5. Mr. Jitendra Kumar, Member of Faculty, NISM

The programme was inaugurated by Mr. Sarat Malik, CGM, SEBI and Mr. B.N. Sahoo, GM, SEBI. The Director, NISM addressed the participants during the concluding session and explained the need of personal branding and upgrading their knowledge and skills through attending various training programmes and seminars/conferences.

The valedictory address was given by WTM, SEBI, Shri G. Mahalingam.  He has emphasized the importance of  sound knowledge of macroeconomics for SEBI officers.