My contributions in interdisciplianry teaching

In addition to my core competence areas, which I have already delivered at NLU, e.g.

1.Financial Management (BBA III semester and MBA(Insurance) II Semester),
2.Managerial Economics (BBA II Semester and MBA(Insurance) I Semester),
3.Principles and Practice of Banking (BBA IV Semester),
4.Derivatives (MBA(Insurance) III Semester),
5.Management of Financial Services (MBA(Insurance) IV Semester)
6.Project Finance (MBA-MBL/LLM V Semester) etc

there are other different interdisciplinary subjects, where I have the expertise in terms of international publications and teaching experiences of one and half decades at the Institutions like NLUJ, National Institute of Bank Management Pune (RBI’s training establishment), WB National University of Juridical Sciences Kolkata, Indian Institute of Social Welfare and Business Management Kolkata (IISW&BM) and Goenka College of commerce and Business Administration Kolkata to contribute in a fruitful manner:

1.Corporate Law (LLM (Corporate Law) I Semester): Study of this course calls for prior knowledge of different functional areas of the corporate houses. Since a corporate house is a profit making body, Corporate Finance for the purposes like capital budgeting becomes the central pillar in successful governance of the corporate house. There will be a difference in understanding between a student who read Corporate Law as stand-alone from Corporate Finance and another who read it along with Corporate Finance.

2.Management Information System (MBA (Insurance) III Semester): The application of MIS consists of, inter alia, use of different softwares in investment portfolio management, asset liability management, regulatory compliances and financial modeling like cash flow projection etc. To teach MIS without computer-practices is similar to teach cycling/swimming without cycle/water. Knowledge of these is of immense use in Corporate Houses and Financial Institutions and expected from management students.

3.Investment Law (LLM II Semester): Study of this subject presupposes knowledge of (i) the process investments in on-balancesheet items like fixed capital, plant and machinery and financial investment, and off-balancesheet items like derivative contracts; any of these may involve transactions in multiple currency; (ii) prudential norms of above investments, and (iii) valuation and risk analytics as per regulatory guidelines. Quality of work in a law firm dealing with cases relating to investments becomes better with above knowledge.

4.Law of Infrastructure Development (LLM II Semester): This subject revolves around infrastructure projects for which project finance is the sine qua non. For a legal professional dealing with infrastructure development without the knowledge of strategic and regulatory aspects of project finance it is difficult to understand the project blueprint as well as the way the promoters manage the project.

5.Environmental Law (LLB VII Semester): A review of the treatment of this subject in major Universities in USA reveals that it can best be taught jointly with Environmental Economics because every environmental regulation is deemed to possess twin aspects of administrative and social costs and social benefits in a market based economy but in the emerging economies like India the externality aspects of environmental risk assessment in infrastructure project finance and technological innovation and diffusion are also going to be counted. When market fails to allocate resources efficiently to lead to the greatest social welfare it is imperative to compare alternative environmental regulations in terms of costs and benefits. In short Environmental Law and Environmental Economics are inseparable.

6.Jurisprudence (LLB VIII Semester): This subject contains several elements of economic theories (e.g. Theory of Utility) because economic reasoning is supposed to (a) explain the trade-off between justification and consistency of legal practice, (b) provide a framework of modeling legal outcomes, and homogenous objectives for unifying heterogeneous areas of legal activity, (c) examine how people’s behavior in a legal frame are influenced by rationality; (d) examine how legislation is effected by collective behavior; (e) help designing strategic action in a legal context. In a word, without inputs from Economics discipline Jurisprudence subject can not be delivered in a wholesome manner.

7.Quantitative Techniques and Business Statistics (BBA I Semester and MBA(Insurance) II Semester): The application of statistics in business consists of, inter alia, use of the tools like regression, standard deviation, hypothesis testing etc in forecasting demand, forecasting security prices, computing risk in financial securities etc. Without prior estimation of demand it is risky to invest in new projects and without an estimation of risk profile it is not prudent to park funds in financial securities and derivatives.