Plot No.5 Rao Tula Ram Marg, Opp. Army R&R
Hospital, Vasant Vihar, New Delhi - 57
Tel: +91-11-47285000 | Fax: 011-26144279
Panel Discussion on Union Budget 2015 with experts
4th Mar’ 2015, FIIB Campus, New Delhi: Finance club of the MBA institute organized a Panel Discussion on Union Budget 2015, wherein management students heard the distinguished industry experts deliberating on the various aspects of the budget.
March 04, 2015
The session started with presentations by first year grads of management, who took the college audience through the major highlights of the budget. Anshika Goel and Kumar Kaushik in their presentation discussed the revenue and expenditure which gave a fair idea on Fiscal Deficit and Revenue Deficit to the MBA audience. Further, Taranpreet Kaur and Arpit Agrawal discussed about Infrastructure Budget, Railway Budget and policy announcements. They stated that accelerating infrastructure development and simplifying policies for public-private partnership (PPP) will boost investor confidence.
The presentations were followed by the panel discussion by the industry experts from Caparo India and Price Waterhouse & Co LLP sharing opinions and thoughts on budget 2015 which allowed management graduates to understand the budget in depth. Mr. Kapil Dev Taneja- Country head - Legal and Secretarial- Caparo India, started with the common man expectations out of budget after BJP’s massive win over other political parties. In addition to basic highlights of the budget, he discussed, how the Budget 2015 supports the new initiatives by the government which encompasses incubation facilities for start-ups, technology-led innovations with help of programs such as 'Make in India', 'Swachh Bharat Abhiyan and ‘Innovate in India', to tackle India's challenges. Mr. Taneja discussed the expectations, deliverables and anticipations from the Budget and in addition, he further discussed how in order to encourage start-ups with technology flow, Finance Minister Jaitley proposed to reduce the income tax on royalty and fees for technical services from 25 percent to 10 percent. He discussed how GST will help in getting more tax revenue and it will be paradigm shift for Indian Economy.
Second half of the discussion was carried by Mr. Amitava Sen- Partner-Price Waterhouse & Co LLP. While comparing the last year budget he said, “Last year's budget was teaser and this year budget is trailer.” He explained in detail the 6 basic themes of the budget which focussed on governments new policies:
- Black Money
- Make in India
- Ease of doing business
- Swachh Bharat
- Benefit to middle income tax payers
- Rationalisation measure
Moderator of the discussion Prof. Abhijit Roy concluded the discussion by discussing the current situation of central government’s budget. He said that the central budget is in stress as government has outstanding payment and from next year the 7th pay commission will be effective which will further add to the current situation. He explained that because of current situation, this year, the proposed spending on social security issues like education, health, women and child development was quite restricted. At the end he said, if the tax revenue will increase because of proposed policies, next year middle men should get tax redemption next year.
At the end FIIB_ians got an opportunity to discuss their doubts and concerns regarding the budget with speakers. Students of management discussed about GST, black money, companies policies, etc. to further increase their knowledge.
About Fortune Institute of International Business
FIIB Delhi, provides a bandwidth of beyond the classroom learning sessions to the MBA graduates to strengthen their managerial capabilities through practical application of concepts taught in the classroom. Finance Club of the MBA college, through Panel Discussion, aims to create a fully collaborative environment in which management students can acquire finance related knowledge in a form which is easily understood. The business school stands to provide consistent value addition while keeping students of management informed about latest developments in financial and economic environment. Also, it provides a platform for MBA students to interact with industry experts so that they can be effective future mangers.
IN THE SPOTLIGHT
Life at FIIB: A Student's Perspective
CONNECT WITH FIIB
AuditoriumFIIB’s state-of-the-art auditorium can seat over 150 individuals and has provisions for video conferencing along with other ultra-modern technologies. Students also enjoy the provision of multiple conference and seminar halls if required.
CafeteriaA fully functional cafeteria serves sumptuous meals and beverages all through the day for the students to refresh and revive. Students not only enjoy the meals here but sometimes unwind sitting in the area over a cup of coffee.
ClassroomsThe state of the art classrooms at the Institute enhance the learning experience of students as they are equipped with the latest equipment including projectors, screens, options for video conferencing etc.
Electronic Resource CentreThe campus hosts a state-of-the-art computer lab housing over 180 terminals and 200 laptops. The campus is Wi-Fi enabled. Online Learning and Teaching Software is also provided for flexibility and access to learning material at all times.
Indoor GamesThe recreational centre has arrangements for several indoor sports like pool, table tennis, carom and chess. These may be accessed by students during their breaks and can be used as effective recreational tools to relax.
Knowledge Resource CentreStudents can access a fully computerized and air-conditioned library housing over 15,000 books, 195 periodicals/journals, 750 audio-visual and multimedia. The Library subscribes to major online research and informational databases.
Outdoor GamesThe Campus also has provisions badminton, volleyball and a number of outdoor games and activities
Recreational CentreThe recreational centre of FIIB provides its students space and opportunity to indulge in activities like indoor games and relax. The Centre is outfitted with television, student lockers and various indoor sports like pool table, table tennis, carom and chess.