Given the strength and pace of globalization, purely national solutions are not only inadequate but may indeed be counterproductive. 30. I realise I have raised several issues without providing complete solutions. I believe that is the privilege of the inaugural speaker. The burden of identifying solutions and debating their pros and cons belongs to the conference proper. 31.
I am sure, befitting the glorious traditions of this historic city, this seminar would also throw up pertinent issues/challenges and actionable ideas in the important area of developmental role of finance, thereby justifying the organizing of this seminar in the city of Kolkata. 4. Let me begin by congratulating IDBI and all its employees on completing 50 years of glorious existence.