To save the Indian economy from the fiscal crisis and implement FRBM Act, it would be relevant to adopt the canons of public expenditure advocated by Ambedkar in terms of the faithfulness to the intentions of the will of the people, wisdom as provided by the professionals in the field, coupled with well-considered and honest judgment, and economy in execution. The allocation of public expenditure among competing demands and the manner of utilization fall within the domain of Ambedkars canons, which can be seen as a touch-stone to see whether a particular items of public spending is necessary or not, said Dr. M.M. Goel, Professor of Economics & Dean, Faculty of Social Sciences, Kurukshetra University, Kurukshetra in his Dr. B.R. Ambedkar memorial lecture at the Dept. of Econ
According to him Dr. B.R. Ambedkar was a professional economist. Various memoranda and statements that the Dalit Messiah submitted to the Government from time to time are indicative of the fact that he had mastered the subject of economics to a great extent a unique aspect of his scientific free mind.
Ambedkar proved to be the father of human resource development in India by virtue of the numerous safeguards incorporated in the Indian Constitution to improve the socio-economic, educational and cultural conditions of the Scheduled Castes. They achieved substantial progress in the sphere of education and representation in public service. The identity and solidarity with which SCs are functioning and participating today in the democratic functions is a testimony to Ambedkars foresight and humanism. His adoration of Budddhist philosophy was an intellectual acceptance of Bhagwad Gita reflected everywhere in the principles of Buddhism said Goel an expert in Economics of HRD.
Earlier Professor S.P. Tiwari, Head of the Department welcomed and introduced Professor Goel. Dr. Vinod Srivastava proposed vote of thanks and Dr. Asutosh Sinha acted as master of ceremony.