Jagannath International Management School

JIMS Activities

Union Budget Discussion 2021-2022

A guest lecture was organized on 11th February, 2021 for the 1 year students in which, Dr. Deepak Tandon and Mr. Harsh Biyani discussed about the budget as a new ray of hope. Dr. Deepak himself being a professor at IMI shared a personal bond with the students and teachers here. He talked about the six pillars of Union budget 2021-2022. He gave the students an insight about how different sectors i.e. Financial Capital, Health and Wellbeing, Innovation and R&D etc are benefited from this budget. Dr. Deepak actively demonstrated this budget as the Ease of Living Budget for the particular reason for circumstance as it opened different opportunities for the society. He talked about budget as a step towards AtmaNirbhar Bharat. Mr. Harsh Biyani talked about how Union Budget 2021 brings a paradigm shift for India’s economy. He said that the Budget proposals for this financial year included a slew of hikes in customs duty to benefit Make in India, proposal to disinvest two more PSBs and a general insurance company, and numerous infrastructure pledges to poll-bound States. Fiscal deficit stands at 9.5% of the GDP, and is estimated to be 6.8% in 2021-22. Personal income tax slabs remain as it is. It was a very interactive session where students were free to ask their questions to Mr. Harsh and their queries were very well answered. Over all it was a great lecture indeed and the students really enjoyed it. Moreover, Students from different departments also presented their views about this budget and gave an insight into the entire budget. I m sure everyone understood the union budget and how the government will be operating expenditure in the upcoming year. Towards the end we also had a question answer session for students who had a few more queries related to deficit, education sector and how Budget 2021-22 will help in improving the economy of India.