The Indian Institute of Management-Calcutta (IIM-C) is planning to spend Rs.20 Crore special budgetary grants to help students to do research in global finance markets and to upgrade its financial research and trading lab.
Finance Minister Pranab Mukherjee announced the special grant to the IIM-C in the union budget he presented to the Lok Sabha on Monday. Ashok Banerjee, professor of finance and head of the lab, said the fund will also help students for further research in global finance markets and the money will also help us to upgrade our financial research and trading laboratory into a world class facility.
The lab was set up on November 18, 2008, to support advanced applied research in financial markets and equip finance managers with the mathematical and conceptual theories. Banerjee told the sources that lot of money is required for further research in the global finance markets. So, this money will help the students to a large extent.
He further adds the grant will help us obtain important software and global market data. Right now this is going on a small scale.
