The Utkal Chamber of Commerce and Industry (UCCI) held an analysis on the Union Budget 2020-21 here on Saturday under the chairmanship of its president Ramesh Mahapatra.
Former State Finance Minister Panchanan Kanungo, NINL Managing Director Sashi Sekhar Mohanty, senior chartered accountant Rajib Sekhar Sahoo and Dean, KSOM, Bhubaneswar, Dr Satya Narayan Mishra attended the programme as resource persons.
Kanungo predicted that the GDP would not exceed 5% in the coming financial year. SS Mohanty, while applauding the Budget in right perspective, mentioned that the proposals of Corporate Tax and the manufacturer and power sectors are quite acceptable. Chartered accountant Sahoo welcomed the proposals taken for nationalised banks. Dr Mishra mentioned that this is a budget for the people and predicted that next year the GDP would be around 6% to 6.5%.
UCCI V.P.(Commerce) AK Sharda and VP (Industry) Saswata Patnaik were also present on the dais. VP (General) Dipak S Rathor proposed a vote of thanks.