The X-FIN, the Finance Association of the Xavier Institute of Management, Bhubaneswar (XIMB) conducted its Annual Budget Conclave in collaboration with the World Trade Centre, Bhubaneswar recently.
The conclave's goal was to gain a perspective on how the 6th Union Budget presented by Union Finance Minister Nirmala Sitaraman has impacted and may impact the various aspects of the Indian economy and its stakeholders.
AK Sabat, Partner, A K Sabat & Co; Prof (Dr) Satyanarayan Mishra,(IES Retd), Dean, KIIT School of Management; Srimanta Panda, DGM(Finance), Nalco and Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India were the esteemed speakers for the occasion. The session began with Prof SK Padhi giving the students an introduction to the 6th Union Budget and how rapidly it has impacted many areas of our daily lives, followed by welcoming the panelists for the conclave.
Soumya Kanti Ghosh served as the first speaker for the day. He began his talk with the notion that this year's budget was the "CSR" budget. The second speaker of the day was AK Sabat. He began his speech by analyzing how the pandemic has affected the Indian economy and what the Government had done to tackle it before even the Union Budget was thought for. Satyanarayan Mishra started by questioning out the various outlets this budget serves – defense, health, or social growth. He noted that this budget was employment-oriented. Following that, the students of XIMB engaged in a Q-A session with the panelists.