Mangaluru: Panel discussion on “Union Budget 2016-17” was organized by Sahyadri College of Engineering and Management in collaboration with Kanara Chamber of Commerce and Industry, Mangaluru, on March 1, Tuesday at Sahyadri Campus.
Prof. G.V Joshi, Professor of Economics, Justice K.S Hegde Institute of Management, Mr. Rammohan Pai Maroor, President, Kanara Chamber of Commerce & Industry, Mangalore, Mr. Mahesh Chandra Alva, Regional Training Manager-South, HDFC Bank Ltd Bangalore, Mr. Agnish A, Team Leader, Oracle Financial Services, Bangalore & Mr. Kiran Vasanth, Chartered Accountant were the resource persons.
Mahesh Chandra Alva in his Overview of 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 Indian economy growing at a faster pace. This budget will give impetus for a better growth.
Rammohan Pai, in his talk regarding Public Expenditure highlighted the nine pillars outlined by Mr. Arun Jaitley, Finance Minister of Indian. He also stated that the rich, middle class and the poor have equally benefited 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 Rural class. This budget shall attract FDI’s for 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 acclaimed that the reforms brought about in the budget that shall inculcate the saving habits amongst the youngsters. He is on 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’.
Prof. G.V Joshi moderated the panel discussion and during the course of the question and answer session he highlighted that 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”.
Dr. A P Achar, Director Department of Business Administration, Sahyadri College of Engineering & Management welcomed the gathering and shared the relevance of conducting events of this nature that make students aware of the tax regime which effects their day-to-day life.
