School of Commerce, JAIN (Deemed-to-be University) organized an online panel discussion on “Union Budget Analysis 2021-2022 on 6 February, 2021.

Ms. Nisha Amogh, Assistant Professor, School of Commerce, JAIN (Deemed-to-be University) welcomed all the participants to an online panel discussion. The panel had more than 800 participants taking an active part in the discussion. 

Dr. Rajdeep Manwani, Professor and Coordinator, School of Commerce, JAIN (Deemed-to-be University) was the moderator of the panel discussion. He introduced all the panelists to the participants.

Mr. Krishnamurthy, Chartered Accountant, shared the importance of budget in driving national economy. This was followed by a thought shared by Mr. Dayesh Angle, Director - Finance, Capital India who highlighted a growth-centric budget. He impressed on the pump prime economy and explained how it works. Mr. Neeraj Gautam, Group Vice-President (Finance), Purvankara Group, also added his insights about the impact of budget provisions on the infrastructure industry, which is a main driver of growth. He marked that budget had made a lot of provisions for the elderly.

The fourth panelist Mr. Sandeep Satrasala, Manager in CFO Advisory Practice, KPMG, shared his thoughts on how the concept of Digitalization of Budget by Government of India. Moreover, he touched on the provisions of each of the sectors in detail. 

The fifth panelist Mr. Nitesh Parashar, VC-NIRC, ICAI, enlightened the panelists and participants about the drawbacks of the budget: the practical problems in case of GST, fake invoicing issue, senior citizens with two bank accounts to keep pension and interest. He opined that compliance part on some issue has been increased substantially. He also suggested that professional, businessmen and others have not been consulted while drafting the policies. At the end the panelists have addressed the queries of the participants. 

 The informative online panel discussion highly benefitted the participants with the knowledge of new provisions of the Union Budget 2021-2020 and further how it will contribute to the growth of Indian economy. The panel discussion concluded with a vote of thanks.