XIM, Bhubaneswar Hosts "Arthashastra" - The Post Budget Discussion

XIM, Bhubaneswar Hosts "Arthashastra" - The Post Budget Discussion

XIMB organised its annual summit Arthashastra, a budget discussion forum conducted by Xfin, the Finance Club of XIMB, where veterans from diverse sectors such as social, commercial, politics, corporate and academia grace the occasion to present their understanding of the budget in a simplified yet critical perspective,

thereby enabling the participants to enrich their understanding of the budget through the discussion. This year Arthashashtra saw the likes of Prof. Abhijit Sen (Member, Planning Commission of India), MR. F. R. Joseph (Director, RBI, Eastern Region), Prof. Pulin Nayak, (Delhi School of Economics), Mr. Jitendra Balakrishnan (DMD, IDBI Bank, Mumbai), Mr. Joyant Nayak, (Energy Consulting Division, Feedback Ventures) and Mr. Rashmi Ranjan Das (Additional Commissioner, Income Tax).

Kicking off the discussions Mr. Naik outlined the sectoral crisis in terms of installed capacity, power generation and transmission issues. The budget was in his view satisfactory for that sector.

Mr. Rashmi Ranjan Das, a revenue inspector gave an insight into the entire taxation policy. He felt that the taxation policy was a function of the state of development of the nation.

Noted Veterans from Diverse Sectors Taking Part in "Arthashastra" - The Post Budget Discussion at XIMB

Mr. Joseph pointed out that the banking sector had been relatively unaffected by the global slowdown and attributed it to nationalization of banks. He was of the view that excessive central control needs to be checked by the regulatory bodies effectively.

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Contributed by -
Madhukar Subramanian,
Coordinator, IlluminatiX,
Media & PR Cell,
Xavier Institute of Management, Bhubaneswar.

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