Excelsior Correspondent
JAMMU, Feb 2: International Centre for Cross Cultural Research and Human Resource Management (ICccR & HRM), University of Jammu organized a panel discussion on Budget-2018. The discussion was organized with an objective of exploring the key thrust areas that the Government pitched up and initiated discussion across issues of employment generation, farm crisis, health and education sector, infrastructural development, ease of doing business, entrepreneurship, skill development and start-ups.
The discussion aimed to amalgamate different perspectives on the budgetary allocations to different sectors of the industry so that students of MBA (International Business) can assess and introspect the impact that budget will have on public perception with regard to building a reformed India.
Prof. Dipankar Sengupta, Department of Economics and Dean Students Placements, University of Jammu and Rakesh Gupta, senior Chartered Accountant and Ex-Director, J & K Bank were panelists for the discussion.
The panelists discussed the Budget-2018 deliberating upon the kind of changes that have taken place in contrast to the previous years. They expressed that GST was a major differentiator. They threw light on the fact that the thrust of this Budget is agriculture. They presented how the increased spending on rural infrastructure and higher minimum support prices for farmers is aligned to the introduction of the world’s largest healthcare programme covering 10 crore families. They even deliberated that the senior citizens have been sought for additional investment avenues.
In context of the businesses, it was debated that the business houses with a turnover of upto Rs. 250 crore shall now be subject to 5% less tax. Even in case of start-ups and entrepreneurial opportunities along with the employment generation context, the Budget seemed to be quite encouraging. Also, with a view to formalize and incentivize employment, this Budget highlighted inclusion of women in the formal sector with higher take-home wages and reduced EPF to 8%. In context of the salaried class, the panelists discussed that they have been given a standard deduction of Rs. 40,000.
The panelists expressed a positive indication in context of job creation and employment opportunities through this Budget. They encouraged the students to conduct more activities of similar nature to draw attention towards these extremely relevant issues that affect the society and nation at large.
Speaking on the occasion, Professor Dipankar Sengupta highlighted the implications of holding diversified perspective on the subject matter of budget and the impact it has on common man. He also highlighted the reason for organising such events under the banner of Friday Club Activity at the International Centre as it brings subject specialists and students under one roof, enabling healthy and constructive discussions and brainstorming.
The discussion was attended by students of MBA (International Business), PG Diploma in Composite Culture Management, research scholars and faculty members.
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