JAMMU: Governor N.N. Vohra inaugurated the 54th Annual Conference of “The Indian Econometric Society (TIES)” at the Shri Mata Vaishno Devi University, Kakryal on Wednesday.
Hasseb A. Drabu, Finance Minister, BibekDebroy, Chairman, Economic Advisory Council-PM and member NITI Aayog, Prof T.C.A. Anant, President TIES, and Prof.Sanjeev Jain, Vice-Chancellor, SMVDU participated in the inaugural function.
Welcoming the delegates, Vohra thanked TIES, which is one of the oldest and largest body of professional econometricians and quantitative economists, with members from all over India and abroad, for giving an opportunity to Shri Mata Vaishno Devi University to host this important Conference.
Highlighting the vital role being played by econometricians in supporting policy makers to formulate targeted schemes for the balanced growth and development of country, he stressed the importance of continually devising new and reliable methodologies for data collection.
He said that institutions of higher education must get involved in dealing with problems facing the people of the state and the region. He exhorted scholars and academicians to investigate, analyse and determine solutions for the varied serious problems facing the population and hoped that some of the participants could take up researches into some of the problems facing J&K – water and energy conservation, transport issues, effects of climate change, rural-urban relationship, which would help the policy makers in evolving fruitful policies.
Emphasising the crucial importance of establishing a dynamic relationship between academia and policy makers, Vohra observed that if NITI Aayog, in collaboration with local Universities, support groups of young scholars totake up researches into various state specific issues it would go a long way in optimising the utilisation of available resources.
Drabu highlighted the importance of reliable data collection and converting this large amount of data into meaningful figures for usage by the planners. He appealed to the scholars to take up research projects in J&K for providing solutions to its problems and highlighting its achievements in various sectors.