Noida: IMS Noida, one of the leading management institutes in India, organised an interesting discussion on Central Budget 2017-18 recently. In the presence of Economist Dr. Sonai Dhir, Charter Accountant Ms. Sapna Jain and Jurist Dr. T. N. Prasad, all faculty members and students actively participated in the program held at their campus in Noida. The impact of Budget on youth in the coming years was the main focus of discussion during the program.
Economist Dr. Sonia Dhir added that although this is a common man budget but the Minister of Finance has ignored a lot of issues in this budget. The empowerment and security of women has been ignored. Government imposition of cess for environmental protection is not enough. The green technology under Swatch Bharat Mission was not clarified in the budget. Rural development and efforts to reduce suicides by farmers are commendable.
Charter Accountant Ms. Sapna Jain told the students that budget 2017-18 is in favour of a common man. This will help the cottage and small industries. In addition to generation of new jobs, start-ups will get encouraged. Reduction in taxes would increase the number of tax payers and would also keep a check on black money.
During the program PGDM first year student Ms. Sneha said that digitalization has been promoted through the budget and in this context removal of service charge from e-ticket is a good start. Another student, Ms. Akanksha said that reduction in cash transactions would reduce tax evasions in the future and reduce corruption. Students appreciated the BHIM (Bharat Interface for money app) application during the program.