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The Union
budget is an avenue to ensure the country's economic growth. The 2019 Union
Budget, was presented by Acting Finance Minister Mr. Piyush Goyal, on 1st
February, 2019.This year’s budget focussed on the masses as the government has
announced several relief measures for farmers, workers from unorganized sectors
and other marginalized communities. To acquaint the students with different
aspects of the budget, “Post Budget Analysis – 2019” was held at the IIIM Campus
on 7th February, 2019.
Speakers from various fields were invited to share their insights with the
students. The eminent speakers for the day were: Dr. Laxminarayan Nathuramka,
Senior Economist, Dr. C. S. Barla, Ex. Prof., HOD Economics, University of
Rajasthan, Mr. Nikhilesh Kataria, Chartered Accountant, Mr. Hitesh Dhanuka,
Entrepreneur and Mr. Deepak Parnami, Director, RBSA Publishers.
Prof. Nathuramka stated that the Interim Budget seems to be an Election Budget
targeting votes in the upcoming elections. He discussed some technical aspects
considered while drafting a budget.
Prof. Barla insisted upon comparing Indian economy with other global nations to
have a clear perspective with regards to growth and fiscal deficit.
Mr. Kataria talked about the new taxation policy which has come up in the new
budget. He believes that a lot of relief has been provided to real estate
developers in terms of unsold inventory.
Mr. Dhanuka highlighted the key importance of Interim Budget. He explained the
difference between budge, interim budget and vote on account. He also cleared
the myth about the relaxation of tax upto an income of Rs. 5 lakhs and provided
an objective analysis of the budget.
Mr. Parnami was of the viewpoint that there should be more relaxation to the
people who fall under Rs. 5 lakhs and above tax slab as no special benefits are
there for the businessman as such.
The session was followed by Question and Answer round where queries of students
were answered by the speakers.
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