DEPARTMENT OF ECONOMICS

Magadh University, Bodh Gaya

Head of the Department

Prof. Lal Sahab Singh

Welcome

to all the distinguished

members of the NAAC

Peer Team

Department of Economics is one of the major Departments with which the University was established in 1962. Dr. H.G. Singh, an alumni of London School of Economics and renowned scholar, a personality of multiple dimensions par excellence had been the founder Head, and most of the teachers of the Department at present, are lucky to be his students. The Department contains a rich record of the contributions of its teachers through teaching and research work. Those who enriched the Department in the past are Prof. G.P. Keshav, Dr. Shyam Nandan Sinha, Dr. N.K. Singh, Dr. Chakradhra Sinha, Dr. Bireshwar Ganguly, Dr. L.M. Roy, Dr. S.P. Sinha, Prof. R.K. Mishra, Prof. Q.A. Raquib, Dr. Sudama Singh, Dr. Ghanshyam N. Singh, Dr. R.L. Karana. Dr. Bikrama Singh and Dr. Narendra Prasad.

The Department has attained sustainable academic environment. During its very initial phase, when it was not on the present campus, rather in a rented building (Dora House) at Gaya, it could organize as series of lectures, especially those of Dr. R.N. Bhargava of BHU, Varanasi and a National Seminar on Employment Issues in which the towry personality like Dr. V.K.. R.V. Rao did participate. Dr. Sharangdhar Sinha, Chairman, Bihar State University & College Grants Commission, Patna also participated in the seminar. The story of academic performance reached incomparable height in Dec, 1972, when the 55th Annual conference of the Indian Economic Association was organised under the auspices of the Department. Such vital topics, as (1) Present theory of value (2) Centre-State Financial Relations and (3) Development without External Assistance - were

elaborately discussed. Eminent economists like Prof. D.T. Lakadawala, Prof. Sadashiva Mishra, Prof. P.R. Brahmananda, Dr. K.M. Naqui, Dr V Shvimmugasundaram, and foreign delegates such as Daniel Thorner from U.K., J.S Uppal from Canada and others had their presence in the deliberations of the conference. Of course, that was a golden phase of academic achievement. Later on lectures of eminent personalities like late Sri Morarji Desai (Ex Prime Minister of India), Sri Ashok Mehta (Dy Chairman, Planning Commission, New Delhi), Dr. B.P.Singh of Delhi School of Economics and Jean Dre’z who had pioneering contributions with Prof. Amartya Sen were also organized in this Department. The tradition of welcoming knowledge from different outside sourses has been maintained. The Department has been organizing seminar and symposia, essay and debate competitions,

as well as summer institutes from time-to-time. A National Seminar on 'Relevance of Gandhian Economics and Village Industries' was held in Feb. 2006. In 2012 April 21-22, again an UGC Sponsored National Seminar on “Issues & Challenges of Food Security in India” was organized by the Department in which several academicians participated. An UGC Sponsored National Seminar (May 05-06, 2015) was also organized on “Reaping Demographic Dividend in India, Challenges for Employbility & Employment” which was attended by a galaxy of distinguished economists and Vice-Chancellors of several universities in India. The present position of the Department is very rich as the Department has got a team of high performing teachers having specialization in different fields with wide recognition.

The present teaching team of the Department consists of the following: Dr. Lal Sahab Singh M.A. PhD., Professor & Currently HoD, Dr. Mohan Prasad Shrivastava - M.A. Ph.D. Professor Dr Kapil Deo Singh - M.A. PhD. Professor and Dr. Bharat Bhushan - M.A. Ph.D. Associate Professor. Bikrama Singh, Professor B.N. Singh and Professor R.P Singh were part of the Department till their retirement a few years back Dr. M.P. Yadav, Asstt. Professor is on deputation. The courses offered by the Department are M.A. Ph.D. and D. Litt. The recent changes as per UGC Syllabus introduced in the courses lay emphasis on content of Mathematical Economics.

Econometrics, Statistics, Environmental Issues, Gender Studies, International Economics, Financial Issues and Demography as Optional papers. The general approach in teaching the courses is to combine theory with empirical studies. A part from teaching, the teachers have constantly provided guidance to the scholars leading to the award of PhD. Degree in Economics of the University. Some teachers have undertaken research projects in various areas. Book publications, participation in conferences and seminars are the regular features of the Department. The Department has introduced semester system from the session 2012-13 for M.A. in Economics courses. It has also introduced UGC Regulation – 2009 effective from academic year 2012 for Ph.D. courses.

Saliant Facts & Figures Department started in 1962

Courses offered: PG teaching and Ph.D. & D.Litt. Research

Faculty Position (at present) : 3 Professors - 3, Associate Professor – 1, (on Deputation). Assistant Professor – 1 (on Deputation) (all Ph.D.)

Santioned Post : Professor – 1, Associate Professor – 3, Assistant Professor - 3

Research Guidance : Faculties guided 25 scholars leading to award of Ph.D. degree during last five years

Publications : 32 papers published in peer reviewed journals

02 Books with ISBN

Saliant Facts & Figures 1 Journal “Journal of Labour and Social Welfare”

with ISSN 2279-0721 edited by Prof. L.S. Singh.

Research Scholars Working Full Time : 1. UGC RGNJF - 2 , ICSSR – 1, JRF – 1

Students’ enrollment : M.A. – 194, Ph.D. intake - 50

No. of Class Rooms – 4

Library : Books – No. in 4867, Journals – 780, Reading Room facility.

Success rate in Exams – around 100%

Popular lecture series held

Special discussion sessions are held to augment class room teachings

Faculty Profile

Name

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Dr. L.S.Singh M.A.,

Ph.D. Professor

Regional

Economics 38 10

Dr.

M.P.Srivastava

M.A.,

Ph.D. Professor

Finance

Public

Enterprises

37 7

Dr.K.D.Singh M.A.,

Ph.D. Professor

Agricultural

Economics 40 8

Dr. Bharat

Bhushan

M.A.,

Ph.D.

Asst.

Professor Statistics 4

Dr.M.P.Yadav M.A.,

Ph.D.

Asst.

Professor Math 4

Distinguished Alumni

Dr. S.S.P.Sharma, NIRDI, Hyderabad

Dr. Chartradhar Sinha, Chairman, Banking

Recruitment Board, Patna, Bihar

Dr. G. P. Keshav, Advisor, Planning Commission,

New Delhi

Dr. Santosh Kumar, Director, National Institute of

Disaster Management, New Delhi

Dr. Raghvendra Prasad Singh, Head, PG Dept. of

Economics, VKS University, Ara.

S.W.O.C. Strength:

Highly qualified teachers

Rich Library for research work.

Good relationship between teachers & students.

Teachers engaged in research & Academic works

Regular discussions & internal seminars.

S.W.O.C. Weakness:-

High Student teacher ratio

Lack of digital library facilities

Lack of modern teaching facilities in class

rooms

Lack of inter collaboration

Lack of own funding equipment to carry out

minor projects and preparation of study

materials..

S.W.O.C. Opportunity:- We offer opportunities of higher education to the students

of South Bihar.

This region of Bihar is largely backward at socio-economic

condition and the academic facilities of the department are

an opportunity to them to get benefitted.

The existence of this department provides them opportunity

to pursue Master Course as well as Doctoral Degrees.

This department in rural locality of south Bihar planes

Bodhgaya is easily accessible for girls students desirous to

pursue higher studies.

Overall it is an opportunity open for entire nation and global

world to come on the land of lord Buddha’s enlightenment

and get themselves enlightened in the modern time.

S.W.O.C. Challenges:- It is an era of development of higher education and we are

lagging far behind in comparison to developed universities of

our mother land India as well as at global level.

Because of our rural location this university the exchange of

faculty or sharing of resources is not met possible till now.

Under the circumstances this department deserves more

attention by different funding bodies and allocation of more

funds for the infrastructure development.

There is no substantial allocation of budgetary provisions for

research activity carried out in the department by the

university is great hurdle in the attainment of higher goals in

the area of research and innovation.

Overall challenges are everywhere, but with weapon of

enhanced resource challenges can be faced and solved, hence

funds should be made available to combat challenges.

More during discussion ……

Thanks