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Panel Discussion on Unfolding the Underlying Message of Union Budget

16 February 2019
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MATS Institute of Management and Entrepreneurship (MIME), Jain (Deemed-to-be-University) has been regularly organizing panel discussion on union budget. Accordingly, panel discussion on “Unfolding the Underlying Message of Union Budget 2019- 20” was organized on 16 February 2019. The eminent panel consisted of Sri. Krishnaswamy, Chartered Accountant, Krishnaswamy and Company, Sri Rahul Saria, Chartered Accountant, Mars Comapany, Sri. Amarpal Chadha, Partner - People Advisory Services and India Mobility Leader, Earnst and Young, Ms Harini V, Asst. Manager (Tax), Global Mobility Services, KPMG, Sri. Gurunandan M, Wholetime Director and VP - Accounting and Finance, Conduent Business Services India LLP and Sri. CMA Vishwanath Bhat – Managing Director, Vishwanath Bhat and Company, who initiated and moderated the discussion.

The panel discussion progressed by first describing the salient features of the budget viz., rebate in income tax to the people with taxable income upto 5 lakh per annum; Benefits extended under “Pradhana Mantri Kissan Samman Yojana”; and, Fiscal Deficit, Income and Expense patterns. Based on the analysis of the budget recently presented, the panel discussion analyzed the forces acting in the economy over the past decade and their impacts on revenue, tax collection and fiscal management patterns. All panelists concurred that the present union budget is an unique one as it provided 10-dimensional vision for the nation termed as “Vision – 2030”. The panelists were unanimous that the financial situation of the Government of India is stable and the country is poised for a healthy growth and lauded the Government efforts in building the fiscal data base and sincere financial inclusion efforts.

At the end of the panel discussion there was a question and answer session wherein the participants raised variety of questions pertaining to un-employment, startups, utilization of technology and ease of doing the business. These questions were effectively addressed by the panelists.

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