Excelsior Correspondent
JAMMU, Mar 1: After the introduction of Union Budget of the Country for the financial year 2016-17, the Department of Economics of Central University of Jammu organized a panel discussion, here today.
The Vice Chancellor of Central University of Jammu Prof. Ashok Aima, preside over the session while Professor of University of Jammu Prof. Dipankar Sen Gupta, B.L. Jalali, Assistant General Manager State Bank of India, Dinesh Manhotra, senior Journalist of Tribune, Prof. R.L.Bhat HoD Department of Economics were among the panellist.
Prof. R.L.Bhat, HoD Deptt of Economics, focused on the various Macroeconomic indicators of Indian Economy compared with the other emerging economies of the world.
Prof. Dipankar Sengupta highlights the various issues that lead to post economic reforms, crises and the current situation where the infrastructure and industry sector having excess capacity and that are not operating at their optimum level as lack in demand. Where as corporate are in huge debt, banks have their NPA around 46%, so the main focus of this budget is to boost demand and that can be generated through accelerating the rural economy.
B.L. Jalali, mainly highlighted the issues regarding generating profits and be a part of augmenting economic growth. He also discussed about the increasing NPAs with the banks and showed his dissatisfaction over the provision of recapitalisation of banks in the budget.
Dinesh Manhotra asked the questions regarding the implementation of various schemes of the Govt. of India like MGNREGA. He was of the opinion that there is no use of initiating a scheme unless it is properly implemented and its benefits reach to the deserving. He also emphasised that there is no provision regarding the uncertainty prevailing in Jammu and Kashmir at present.
Prof. Ashok Aima, Vice Chancellor Central University of Jammu, hailed the budget present by the Union Finance Minister yesterday and said that the proposed higher education financing agency would be an economic spring for the Indian education sector. With the banks finding it difficult to manage the NPAs from the education loans, setting up a dedicated agency would give the thrust that is needed today – it should benefit both the students as well as the financing system, he added.
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