Budget Conclave 2019

On 6th July 2019, SDMIMD organized the Budget Conclave 2019 in collaboration with the Confederation of Indian Industry (CII), Mysuru and Ernst & Young (E&Y). 
The event commenced with a welcome address and brief note on the program and the budget by the program convenor Dr. M Sriram, Assistant Professor, Finance – SDMIMD, Mysuru. Dr. Sriram opined that the budget is being futuristic in approach, the desired results of the new Budget would be evident only with time. 
Dr. N R Parasuraman, Director – SDMIMD, Mysuru in his address on ‘The Indian Economy’ and Budget 2019-20 shared his thoughts on the commendable performance of the Indian economy in major segments that have played a significant role in the development of the economy. 
This was followed by the presentations by 2-Year Post Graduate Diploma Management (PGDM) Students of SDMIMD, Mr. Dronamraju Subhakar, Ms. Karshini Tyagarajan, Mr. Bellurkar Vijay, Mr. Sankalp Jain, and Mr. Bille Sai Dinesh on the salient features of the Union Budget 2019.
This was followed by the informative presentations by Mr. S Ranganathan, Convenor, CII Finance & Taxation Panel, and CFO, Automotive Axles Ltd. gave his remarks on the Union Budget 2019-20. In his remarks, Mr. Ranganathan stated that there has been a remarkable growth in every area of the economy, even though the economy is going through a slowdown. 
Mr. Bhaskar Kalale, Chairman, CII, Mysuru & President & GM, India, Operations Theorem India Pvt Ltd. in his special address during the event stated the fundamental differences between Finance and Economics. In his opinion, the present Union Budget is a good, progressive and visionary one, which would benefit the economy significantly. 
Later the ‘Analysis of the Union Budget 2019-20 Impact on Direct and Indirect Taxation’ was presented by Mr. Shashanka R Buduguntae, Partner, E&Y. In his address, Mr. Buduguntae enunciated the implication of the various budget policies on the direct tax. Mr. Shiva from E&Y disucssed stating the implications of the present budget on the indirect taxes front.
The event was concluded with an interesting and interactive Question & Answer session moderated by Mr. Rabindra Sahoo, Co-convenor, CII, Finance & Taxation Panel, And Vice President – Finance, Cyient DLM.
The Budget Conclave 2019 was instrumental in extending an insightful, interesting and enriched learning for the invited guests which included, leading industrialists and professionals, academicians from premier institutions and the student fraternity. The event was organized by Finnacle, the Finance Club of SDMIMD and was coordinated by Dr. M.Sriram, Assistant Professor-Finance, SDMIMD, Mysuru.