The Department of Economics & Banking organized a panel discussion on the union budget on 7th February 2017. The panelists included Dr. Renji George Amballoor, H.O.D. Economics Dept., Government College, Quepem, Shri. Kumar Pillai, Former President of Goa Management Association and Shri. C.A. Anoop Borkar, leading Chartered Accountant from Margao.
Principal Dr. Prita D. Mallya welcomed the panelists and informed that the department is organizing post budget discussion every year and appreciated the timely initiative taken by the department . Dr. Renji George Amballoor gave a macroeconomic perspective of the budget and said the fiscal discipline is maintained in the budget but he opined that there are no specific programmes for the job creation in the budget.
Shri. Kumar Pillai in his presentation opined that the budget is comprehensive in its approach and many initiatives were undertaken in the budget to stimulate the growth of the economy, particularly the manufacturing sector.
Shri. C.A. Anoop Borkar elaborated the tax proposals outlined in the Budget and said the lower strata of the tax payers are likely to benefit from the reduction of the direct tax rates. He said GST implementation will be game changer in the Indian tax system.
Head of the Department of Economics & Banking Dr. B.P. Sarath Chandran moderated the panel discussion and highlighted the salient features of the Union Budget.
