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Seminar on Implications of Union Budget 2017-18 by WTC and Business Standard

Learnitude Technologies team got an opportunity to know the implications of the Union Budget 2017-18 from experts Mr. Dilip Satapathy, Resident Editor, Business Standard;  CA Rajiv Sahoo, Promoter, M/s SRB & Associates and CA A.K. Sabat, Partner, A.K. Sabat & Co.

The seminar was organized by World Trade Centre, Bhubaneswar on Friday. The event was attended by industrialists, media persons, business leaders and students of various business schools.

Speaking on the occasion, Mr. Dilip Satapathy said that the recent budget was one of the finest budget ever presented in India. He added the government tried to boost the rural economy by giving priority to rural market, agriculture and health sector. Satapathy said the government also focused on the quality of education. Modi tried to present a good budget with a vision to contain the fiscal deficit by 3.2 by 2018-19, he added.

Praising the union budget, Rajiv Sahoo said it was a unique budget and despite the elections round the corner, the government presented a popular budget not populist budget. He lamented that India ranked BBB- over the investment scenario by the world ranking bodies and China was ahead of India with AAA+ ranking. Sahoo also gave an example of “Ethical Economy,” and also focused on the other aspects of the Union Budget. He also raised the issue of demonetization and its impact on the economy.

Addressing on the occasion, A K Sabat questioned why the government could not focus on the plights of the salaried class, senior citizens and women in the recent budget. He said that there nothing to be happy about the budget as it would certainly go to help the real estate market. Sabat said that it was a good budget, but everything depends on implementation. He said that medical expenses and allowances for the education of the kids were not considered for longtime by the government. Those are needed to be focused on a priority basis so that the Budget would help the middle class and the common man.

At the end, the vote of thanks was proposed by Ms. Nimeshika, while the citations were presented by Mr. Budhadev Bhanjo.