The Finance Association of the Xavier Institute of Management, Bhubaneswar, X-Fin, in collaboration with World Trade Centre, Bhubaneswar organised its fifth annual budget analysis session here on Monday,
KIIT School of Management IES Dean Prof Satya Narayan Misra applauded the allocation of almost Rs 36,000 crore to the nutritional sector. He also shed light on the prioritisation of social justice and tax distribution system while appreciating the growing capital expenditure model of the country and informing about the need for active involvement in industry 4.0.
TK Agarwalla and Co partner Tarun Kumar Agarwalla stated how the shift in the taxation system is a result of changing economic conditions. He highlighted the initiative to mobilise the manufacturing sector as a watershed moment especially in the SME segment while praising the laws to be implemented to cleanse the taxation system of fraudulent transactions.
XIMB’s Prof BS Mishra stated the need to conquer ‘animal spirits’ through proper fiscal re-configuration as the risk of missing debt and operating targets looms large while touching upon the policy flip-flops that might lead to uncertain times.
AK Sabat and Co founding partner AK Sabat focused on the need to properly implement the existing framework of the economy instead of making continuous variations in the taxation system.
Among others, Nimeshika Natarajan from World Trade Centre, Ishita Aggarwal and Adarsh Agarwal of X-Fin were present.