Union Budget Discussion

Union Budget Discussion

Department of management studies of Sri balaji Chockalingam engineering college conducted discussion on Union budget 2017-18 recently. Mr. AC. Ravi – secretary, ACS Group of colleges presided over the function and felicitated by Prof. R.Venkatarathinam – the principal, Mr.Elango -HOD of EEE ,Mr. K. Siva-HOD of MBA. Ms.M Kanimozhi coordinator of Union Budget discussion delivered the welcome address. Mr.U.Sulthan, Branch manager, ICICI Bank, Arni, who had made his mark in banking Sector, inaugurated the discussion at the college. The discussion was thereafter taken forward...he highlighted the policy paralysis and the reason for financial crisis in previous budget .he also mentioned the sectors in which the investors have huge benefits and discussed the current GDP rate, inflation rate and other salient features of budget and explained about current fiscal target. The steps taken to the recent issues of demonetization, introduction of cashless transaction, digital transaction to avoid misuse of cash etc and the principal message from the budget were discussed. The students are expected total cashless transactions, many youth related programmes, promoting research and development, modern agriculture, encouragement to start-up schemes etc,promotion of public sector enterprices,addressing fiscal management are also expected by them. The discussion resolved that the budget convey the message that government is poised to accelerate the economic growth in long term by simplifying the norms of doing business, developing infrastructure and focusing on manufacturing sector.