JIMS Kalkaji organised a Panel Discussion on Union Budget 2018-19 on 7th February’18 at its Auditorium. The programme facilitated an informed discussion on the Union Budget 2018-19. The discussion was focused on the policy priorities in the Budget and its implications for different sections of the population. The event witnessed an enthusiastic participation from the experts, academia, and the students. The program was graced by the presence of eminent personalities – Dr. S. P. Sharma, Chief Economist, PHD Chamber of Commerce and Industry, Mr. Sunil Kapoor, Financial Consultant and Taxation Adviser of repute and Mr. Praveen Kataria, practicing Chartered Accountant. Prof. Dr. (Cdr.) Satish Seth, Director General JIMS Kalkaji and Prof. Dr. J K Batra, Director JIMS Kalkaji were present as dignified panel members.
Professor Dr. Neelam Tandon, in her introductory speech, gave the brief glimpse of Budger 2018. The guests and Dignitaries on the dais were greeted with floral bouquets. The auspicious Saraswati Vandana and Ceremonial Lamp Lighting marked the ceremonial commencing of the event. Prof. Dr. (Cdr.) Satish Seth, delivered the welcome speech, bringing out the major highlights of the Budget. His speech set the stage for the experts to carry the discussion ahead. Dr. Sharma called the budget as an inclusive budget. He lucidly explained how this budget has been an initiative to boost the purchasing power of rural India who comprise of 70% of our population. Unless there is an increase in the aggregate demand , the economic development is not possible. He explained how the MSME sector is benefited out of the budget. Mr. Kapoor on the other hand, was of a different opinion that is a typical Robin Hood style budget with an intention of taking out wealth from the rich to pass over to the poor. It is of not much benefit to the youth and the common people who are yet to revive to their normal state after swallowing the impact of demonitisation, GST implementation and then Benami Transaction Act. Mr. Kataria highlighted that the role of insurance sector in an emerging economy.
Students came up with interesting questions on bitcoin and blockchain technology, MSP on crops, significance of Eway Bill, the justification of imposition of Long Term Capital Gain Tax and were answered by the panelists to their satisfaction. Dr. Batra concluded the session with a vote of thanks and with heartfelt expectation that the real beneficiary of the budget actually gets the benefits. That will truly take our economy ahead. The session ended with this underlying dream for a better and prosperous India.