Bhubaneswar:Birla Global University organised a seminar on Union Budget 2017-18 on 28th February 2017. The eminent speakers were Prof.Dr.Sudhakar Panda, Member State Council of Higher Education, Mr.S C Bhadra, Principal partner SRB and Associates along with the Director BIMTECH, Dr.Parmeshwar Nayak and Dr.BK Das, Advisor BGU. The discussion took place in the session followed by the question and answer session.
Dr. P.Nayak, Director BIMTECH said that, the Union Budget is a balanced budget made by taking care of crucial measures of consumption, growth, expenditure etc. The budget is strategically well crafted. It is an instrument of government to counter effect the demonetization. This is a unique budget because it was announced in advance, abolished the habit of 2 budgets. It also abolished of Foreign Investment Promotion Board.
Dr. B K Das, Advisor BGU, talked about MSME and large NPA in the banking sector. He also threw light upon the Financial Sector, Social Sector, Infrastructure, Power Sector etc. Policy is to be reformed. Asset reconstruction firms need to be established. Education sector should properly allocate the skills and think of skill development.
Prof. Dr. Sudhakar Panda said, Budget made an attempt for revival of growth rate in the economy. Budget will take care of credit ability by large scale injection of funds in rural economy and development of agriculture. One of major aim of the budget is to remove the inequalities in the economy. Schemes need to be consolidated and implemented properly. The schemes should be amalgamated and go for broad scheme.
Mr. S C Bhadra, the started with his speech with Jai Jawan Jai Kishan slogan talking about the evolution brought in India and its reforms. He discussed with us that process of reform is still going own through different government instruments like Demonetization to wipe out black money and corruption. Consequences of which increased the savings in JDY account. Indians are not Tax Compliant as most people don’t file their returns.
At the end CA Satyakam Mishra, Asst. Prof. (Finance) BIMTECH gave the vote of Thanks.
