The PGPWE (Post
Graduate Programme in Management for Working Executives) 2012
Batch of IIM Raipur organized a
Symposium on “Impact of the Budget on Aam Admi and Industries in
Chhattisgarh” on 2nd March 2013.
The symposium commenced with Prof. B .S Sahay,
Director, IIM Raipur emphasizing on the importance of pre-budget and
post-budget analysis by the students. According to Prof. Ajit Prasad, Dean, IIM
Raipur, “This
budget is just a series of numbers and not really a budget per se where major
policies are missing. Government still doesn’t have enough tools to combat 2
flaming issues of the country: inflation and unemployment.”
Prof. M. Kannadhasan,
Chairman (PGPWE) holds another perspective. According to him the government
this year is aiming to bring down fiscal deficit to 4.8% and hence is taking
all the necessary steps to bring that change for the coming financial year. He
pointed out that the budget addressed the inflation and unemployment issues
indirectly.
Dr. Hanumant Yadav, Ex. Member, Chhattisgarh
Planning Commission started with the definition of Aam Aadmi as given by R.K
Laxman. Aam Aadmi is a person who is just a spectator but has no role in the
budget. Dr.Yadav focussed his talk on economic aspects of the budget. He said
that the goal of the economy is higher economic growth with inclusive
development. He further talked about the upcoming project ‘National Institute
of Biotech Stress Management’ in Chhattisgarh.
Ms. Ritu Jain, FCA, Consultant emphasized on
the need for greater transparency in the income tax payment process. Foraying
into the education sector she talked about strengthening the existing colleges
and universities rather than setting up new universities and colleges. She
stressed on the need to shift focus to renewable energy instead of importing
fuel from outside.
Mr. Rajesh B Doshi, FC (Sr. CA) highlighted
that no retrospective amendments have been made in the finance bill which is a
positive point. He touched upon the decline in FDI which will lead to decrease
in dollar inflow thus increasing import prices. He also emphasized on interest
rate disparity of education loan and housing loan. He acted as a moderator of
the panel discussion.
Mr. S.K.Goel, Director, Goel Group of
Companies presented his views from the industry perspective. He emphasized on
the increase in incentives in green energy sector due to the high cost of
production. He said that skill development and job training is the need of the
hour in Chhattisgarh. He also stated that there is huge scope for IT Industry,
Auto industry and Agriculture industry in Chhattisgarh.
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| PGPWE Students of IIM Raipur |
The discussion on the budget considering its effects on the common man brought about different views from the experts which helped the participants to understand various perspectives.
