Post Budget Analysis

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.