The program started at 2.00 pm in SKE auditorium. Dr. B.L Bhagyalakshmi, Former Director, Dept. of college of education, Govt of Karnataka has acted as Moderator of the Panel discussion on UNION BUDGET 2016-17. She has stated some of significant budgets from the Independence of our country. She has pointed out some of economic reformations and developments from the earlier budgets. Then she invited the first panelist to discuss the budget and taxation.
Mr. Parameshwaran E.R, Associate in BMR has displayed some of highlights in the union budget 2016-17 through powerpoint presentation. He stated tax benefits to government and startup business. He also pointed out service tax increases (0.5%) on pubic service access and income tax increases on creamy layers and corporate. He stated the luxurious taxes and some direct & indirect taxes towards the public.
Then moderator invited the second panelist Prof. Devandra Babu from Institute of social & economy change (ISEC). He started his discussion on Budget & Economy. He pointed out some economics theories on budget preparation and how the current budget contributes the economic growth. He listed the GDP, percapita income, inflation rate and our RBIs’ contribution to maintain the currency value.
Then moderator invited the third panelist Mr.John Thamos, Consultant editor, International Business Times. He started is discussion on Budget and common man. He stated some live examples of demand, supply and price of necessity goods and services. He pointed out how common man affects the current budget 2016-17. Which are the goods may get price increases and price reduction goods? How common man directly and indirectly affected from this budget? He explained the budget and common man detailed manner.
Finally moderator concluded the budget highlights and panel members viewpoints through her observations. She asked students forum for questions. Some students raised few questions and answered by panel members and Moderator madam Dr. B.L Bhagyalakshmi.
At 4.45pm panel discussion on union budget 2016-17 program got over.