Union Budget 2023-24

The panel discussion on the budget hosted by the Public Policy Club of IMI Bhubaneswar provided valuable insights into the budget allocation, policies, and schemes introduced in the session. Prof Ramesh Behl, Director, IMI Bhubaneswar addressed the students and said that these types of discussions are helping students in understanding the country’s policies and frameworks. Prof. Ramkrushna Panigrahi, also presented his views on the budget and asked questions about the budget to the panelists.

The Union Budget 2023-24 has been a highly anticipated event for the citizens of India, with various sectors and industries eager to see what policies and allocations the government would put forward.

Mr. Dhananjay Banthia, a business consultant and social entrepreneur, appreciated the government's decision to allocate 10 lakh crores to capex. This is expected to boost infrastructure development and create job opportunities in various sectors. He also highlighted an interesting fact about taxation, stating that almost every person in India who comes under the tax bracket pays taxes, including indirect taxes. This shows the significant contribution of the citizens toward the development of the country.

Mr. Bibhuti Bhusan Dash, the founder of Lotus Mint Wealth, provided insights into the figures and numbers of the budget. He analysed the allocations made for various sectors and industries, including healthcare, education, and infrastructure. He also highlighted the need for more investments in research and development to promote innovation and growth in the country.

CA Raja Narayan Tripathy, a chartered accountant and former Vice Chairman to The Institute of Chartered Accountants of India, Bhubaneswar, talked about the various schemes launched in the budget session for the current financial year 2023-24. He emphasized the need for effective implementation of these schemes to ensure that they reach the intended beneficiaries.

Overall, the panel discussion provided valuable insights into the Union Budget 2023 and its potential impact on various sectors and industries. The government's focus on infrastructure development and investment in key sectors like healthcare and education is a positive step towards inclusive and sustainable growth. However, it is crucial that the schemes and policies are implemented effectively to ensure their success and benefit the citizens of India.