Panel Discussion on the Union Budget 2016-17
05-May-2016
A Panel Discussion on the Union Budget 2016-17 was held in the campus in collaboration with Kanara Chamber of Commerce & Industry, Mangalore.
G. V. Joshi, professor of economics, Justice K.S. Hegde Institute of Management, Rammohan Pai Maroor, president, Kanara Chamber of Commerce & Industry, Mangalore, Mahesh Chandra Alva, regional training manager-south, HDFC Bank Ltd, Bangalore, Agnish A, team leader, Oracle Financial Services, Bangalore and Kiran Vasanth, chartered accountant, Mangalore were the resource persons. Mahesh Chandra Alva in his overview of the Union Budget 2016-17 acclaimed that this is one of the best budgets so far as the government has looked at the macro angle and we can foresee the Indian economy growing at a faster pace. This budget will give impetus for better growth.
Rammohan Pai, in his talk regarding Public Expenditure highlighted the nine pillars outlined by Arun Jaitley, finance minister of India. He also stated that the rich, middle class and the poor have equally benefitted from this budget.
Agnish A, in his speech regarding stock market mentioned that this budget was a ‘Robin Hood Budget’ – pulling money from the luxury class and investing in the rural class. This budget will attract FDI in the agriculture sector.
Kiran Vasanth, talking on Public Revenue emphasized that the scenario is not good globally and most of the countries are losing, however India is comparatively still better. He highlighted certain cosmetic changes made in the tax structure and the reforms brought about in the budget shall inculcate the saving habits amongst the youngsters. He is of the opinion that tax disputes will be settled more quickly and corrupt practices will be majorly reduced. He concluded saying – ‘This budget has injected us with the right spirit’.
G V Joshi moderated the panel discussion and during the course of the question and answer session he highlighted that the manufacturing sector should grow which will create jobs for youth in other sectors as well. He concluded stating that – ‘No single central budget can meet expectations of everyone and we cannot expect miracle, but should be realistic”.
