 |
Union Budget 2005-06 Analysis by X-Fin, XIM Bhubaneswar Bhubaneswar, March 04, 2005: XFin, the Finance Association of XIMB, has come out with the latest edition of its analysis of the Annual Union Budget 2005-06. The effort is both unique and appluadable since we come out with the analysis within just 2 days of the Budget being presented on the Floor of the house. We had three speakers at the budget analysis this time around. One was Mr. Vidyasagar, Mr. B. C. Roy and Mr. Sabath, a noted Chartered Accountant with the moderator being Mr. Nageshwar Patnaik, Principal Correspondent, The Economic Times. The budget analysis started with presentations by the students of XIMB on the various aspects of the budget and the implications on various sectors. This was a preliminary introduction to the budget and all the main points about the budget were highlighted by the students. Then came the turn of the delegates to present their views. Mr. Nageshwar Patnaik set the tone by emphasizing that this budget had received a lot of praise from all quarters and that it was a budget aimed at reform. He also stressed upon the fact that this budget was prepared amid great political pressure from all quarters of the UPA and that the effort was laudable. Mr. Vidyasagar, an economist from RBI was the first delegate to address the audience and share his views about the budget He spoke about a variety of items contained in this budget but his main thrust area was agriculture and the impact of this budget on the agricultural sector. Mr. Vidyasagar began on the note that reforms have been continuing from the time of the Manmohan-Rao duo, through the Vajpayee regime and down to P. Chidambaram. He noted though that this time around there was a considerable stress on the social sector and there were concrete measures directed towards the development of this sector. Mr. Vidyasagar found that the only change overall from the previous budgets was a change in the allocation to various sectors of the economy. He then emphasized the importance of outcomes and recommended the setting up of an independent and in-depth evaluation of the projects so far entered into, and those planned. Contributed by - |
 |
|
|