Mangaluru: A presentation and discussion on “Union Budget & State Budget- 2018” was organised by the Department of Business Administration, Sahyadri College of Engineering & Management, Adyar, Mangaluru on February 17. This programme analysed the positive pushes of the government guided by the mission to strengthen agriculture, rural development, health, education, employment, industry and infrastructure sectors.
The major thrust area of the budget was to achieve over 8 percent growth as manufacturing, services and exports back on good growth path. The budget session started with a short formal inauguration. During the inaugural ceremony, Dr. Vishal Samartha, Director, Department of Business Administration, welcomed the gathering and stated that it was a platform for knowledge sharing wherein the financial information is converted to wisdom. She gave a brief glimpse of the college and elaborated on the basic premise behind organising the budget presentation by the first year MBA students.
The entire programme was conducted in two sessions. The first session was dedicated to the Union budget and the second session was on the State budget. The students of MBA presented the “Union Budget & State Budget-2018” covering distinct sectors viz., Education, Healthcare & Social Welfare Programmes, Agriculture & Rural Development, and Infrastructure & MSME. The panel consisted of subject experts, Dr. Radhakrishna Shetty, Head, Department of Economics, Sri Mahaveera College, Moodbidri, M N Pai, Chartered Accountant & Prof. Banu Prakash, Professor of Commerce, SDM college, Ujire who shared their views and added insights to the budget presentation.
During the deliberation, M N Pai shared his view point on the current budget and also spoke on the hits & misses in various sectors. Dr. Radhakrishna specifically spoke on the rural economy and agriculture. He said that the current budget is having a long term vision and the concentration was on Education, Health and Rural areas. He commented that the budget does not give focus on total infrastructure development of agriculture but has confined itself only to few specific areas of agriculture only. He appreciated the digitalisation of agro marketing but said it was still unreachable to the illiterate and ignorant small farmers. He concluded by saying that the government had to frame permanent solutions for agro related problems. Prof. Banu Prakash’s talk was on Education & Health sectors. He stated that the current budget was above average and could be rated at 90 on a scale of 100. He enumerated on the various schemes in both the sectors and applauded the effort of the government for concentrating on grass root level problems.
Dr. Vidyavathi K, the programme coordinator proposed a vote of thanks. Anusha of I yr MBA was the MC. Prof. Raghavendra Prabhu, the co-convener of the programme was present during the session.
