Union Budget Conclave 2019

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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

Union Budget Conclave 2018

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SDMIMD in association with Confederation of Indian Industries (CII) jointly organized the Union Budget Conclave-2018 (Post Budget Analysis) at its campus on February 2, 2018. Dr. M. Sriram, Assistant Professor- Finance, SDMIMD welcomed the gathering and highlighted the importance and constituents of a budget from a common man’s perspective.  Mr. Arjun Ranga, Chairman, CII Mysore Chapter, highlighted the key aspects of the budget and was of the view that a lot of impetus was given to Agriculture, Healthcare, Education and rural development. According to him, the key to implementation of the schemes will determine the effectiveness of the policies. The students of SDMIMD made a brief presentation on the key highlights of economic survey and the Union Budget 2018. The knowledge partner for the conclave was BDO India LLP, Bengaluru. The representatives of the knowledge partner discussed on the various implications of the announcements of the budget in respect of taxation.

Mr. Pankil Sanghvi, Partner-Tax and Regulatory Services, BDO India addressed the gathering on direct taxes and how the announcements will have a bearing on individuals and corporates. Mr. Sreedharan, Manager, BDO India briefed about the indirect tax reforms and how the scope of ‘re-assessment’ widened. He also gave an overview about the modification to adjudication procedure. The conclave concluded with a panel discussion in the form of question and answer session. The panellists included Mr. Arjun Ranga, Chairman, CII Mysuru, Dr. N.R. Parasuraman, Director, SDMIMD, Mr. Pankaj Sanghvi and Mr. Sreedharan, representatives of BDO India LLP. 

Union Budget Conclave 2017

SDMIMD in collaboration with Confederation of Indian Industry (CII), Mysuru jointly organised the 4th edition of 'Union Budget Conclave 2017' the Post Budget Analysis of 2017-18 on February 7, 2017 in SDMIMD Auditorium. Dr. N.R. Parasuraman, Director & Professor-Finance, SDMIMD, welcomed the gathering and set the tone for the discussions. The conclave included invited talks by eminent persons from the Industry followed by a panel discussion featuring a question and answer session. A team of first year PGDM students presented on ‘Reflections of Union Budget 2017-18’ which set the platform for the deliberations by the panelists.

Dr. N. Muthukumar, Chairman, CII Mysuru highlighted on some of the bold initiatives taken by the government in terms of transparency in operations and impetus to infrastructural development, but was of the opinion that the budget was devoid of roadmap for GST implementation. Mr. Bhaskar Kalale, Senior Vice President and Head-India Operations, Theorem Inc, outlined on cyber security issues and the challenges for the economy to move to a digitized era.

Mr. Utsav Agarwal, Director, Bhoruka Fabcons Pvt Ltd. spoke on the nuances of how the budget has evolved over the years and highlighted the provisions in the budget for a fillip to MSMEs’. The panel members were of the unanimous view that the budget was inclusive and growth oriented. Dr. M. Sriram, Assistant Professor-Finance, SDMIMD and Coordinator of the Conclave, proposed vote of thanks.

Union Budget Conclave 2016

The Union Government presented third budget on February 29, 2016. To discuss the implication and impact of this on the Country, a Budget Conclave 2016 was held in collaboration with CII Mysore, on March 2, 2016. The key highlights of Budget Conclave 2016 was the expert analysis of Union Budget 2016 by Pricewaterhouse Coopers (PwC) and the presentation by industry leaders from Mysore region representing diverse sectors offering their perspectives on impact of the Union Budget 2016 and providing sector-specific views.

Union Budget Conclave 2015

The Union Government presented second budget on February 28, 2015. To discuss the implication and impact of this on the Country, a Budget Conclave 2015 was held in collaboration with CII Mysore, on March 4, 2015. The key highlights of Budget Conclave 2015 was the expert analysis of Union Budget 2015 by Pricewaterhouse Coopers (PwC) and the presentation by industry leaders from Mysore region representing diverse sectors offering their perspectives on impact of the Union Budget 2015 and providing sector-specific views.

Union Budget Conclave 2014

SDMIMD in collaboration with CII Mysore organized Union Budget Conclave 2014 at SDMIMD Campus on July 10, 2014. The event started with a live screening of Union Budget followed by a panel discussion represented by Dr. N. R. Parasuraman, Director – SDMIMD Mysore, Mr. R. C. Jagadesh, Chairman – CII Mysore & Director – Klueber Lubricants Ltd, Mr. S Ramakumar, Chairman – CII Finance & Taxation Panel, Mr. Phaneesh, Vice President – Finance, Rangsons Electronics, and Mr. Venkatesh – MD & CEO, RIIT. Complementing the panel view, the Mr. Jagadesh expressed satisfaction with the budget as there was an underlying positive sentiment in respect of measures needed to boost the economy. He also lauded the government’s sensitivity towards retrospective taxation. While lauding the initiatives in the education sector to set up additional institutes of AIIMS, IIT and IIM across different states, Dr N. R. Parasuraman stressed upon the need for better resource utilization for making the new IIMs effective. The panel examined other critical issues including the impact of budgetary allocation of INR 10,000 crore for augmenting start-up ventures and hailed the budget as comprehensive and forward-looking. The panel discussion was moderated by Dr Ullas Rao, Associate Professor – Finance, SDMIMD Mysore.