Students of Damodar College enlightened on Union Budget
The Department of Economics & Banking, VVM’s Shree Damodar College of Commerce & Economics organised a panel discussion on the Union Budget.
Kumar Pillai, CEO, Oriyon Molding and former chairman of Goa Management Association, Praveen Kakode, managing partner, UPGRADE, Atindra Bhatikar, chartered accountant and Dr. Celso Fernades, financial consultant were the panel members. The discussion was moderated by Dr BP Sarath Chandran, associate professor of economics.
Participants spoke on the Budget proposals on income tax, infrastructure, social security to the informal sector and income transfer to farmers. Pillai opined that the budget is popular in its outlook intended to deliver sops to a large number of people before the election. He commented that industry received limited attention in the budget and the notable measures are sourcing and interest subversion to MSMEs and indirect demand stimulation through consumption and infrastructural spending. The moderator elicited the opinion of the panellists on issues like switching over to the income transfer scheme from subsidy-driven system, the incentives on the revival of the real estate sector, the populist versus reformist agenda in the budget etc. The panel discussion concluded with an interactive session of students with the panel members.