Budget Live at SMS Varanasi
Budget Live has been organized in the conference hall of SMS Varanasi. In this session Live telecast of the budget has been experienced by the students of PGDM, in which Finance Minister, Sri P. Chidambaram was presenting the details of budget. As per expectations, seeing the financial conditions of country, budget is more economy oriented and less political in nature.
Budget was presented mainly in relation with Financial Deficit, Fiscal deficit and Gross Domestic Product. Optimization of the government expenditures, encouraging the industrial galleries, connecting the post-offices with the core banking solutions, insurance services from the banks, special bank for women, separate arrangement for human resource skill development, diversification of crops, putting surcharge on yearly income above one crone were the mainly discussed provisions of budget.
Moreover, no new relief has been offered for salaried persons in relation to tax slab. In totality this is a mixed type of budget, which puts burden on one side and promises to improve the economy and growth rate on other side. On coming Saturday, repeated interaction of students and faculty members has been called by Prof. P. N. Jha, Director, SMS Varanasi, to explore some unseen aspects of budget. Budget session has been attended by Prof. J. P Mishra, Dean, SMS, Mr. Alok Kumar, Associate Professor, SMS, Mr. Amitabh Pandey, Reader, SMS, Dr. Meenakshi Singh, Senior Lecturer, SMS.
Senior Lecturer Mr. Rishi Raman Singh has explained the budget related terminologies and elaborated the economic aspects of same.