Prof. V Khanapuri started the discussion by welcoming the guests and putting forth his questions, or rather expectations, from the discussion. Mr Thakural shared his views on agricultural MSP, markets, focus on new technology and infrastructure. Mr Kripalani stressed that the next phase of FMCG growth will be driven by rural spending. The government's initiative of providing wifi hotspots and increase in rural spending could guide this. Mrs Iyer focused on the fiscal deficit, Moody's rating of India, disinvestment and tax compliant.
Some of the key takeaways from the discussion were – The NHPS is seen as a very positive step in the right direction. It will not only help poor families save on healthcare costs but also help increase the penetration of insurance. The sources of funding for the scheme still need to be identified. The technologies which are on Gartner`s hype cycle, are being promoted (Blockchain, IoT) which is a positive for India. The MSP for agricultural produce is seen in a positive light. Though clarification needs to be made on the implementation details (A2+FL or C2 – MSP deciding criteria). The slip of the fiscal deficit is not seen as too negative on the hope that it will help boost infrastructure spending. The increase in the broadband network can help rural India get a push in digital transition. LTCG is seen as “Let that capital grow” and is seen in the positive tone.
Mr Roy Eddington kept the session lively by asking inquisitive and interesting questions. Some of the points to ponder were also given to the students, like “permission to use fixed-term labour contracts”, “12% PF in all industries”, “state and concurrent subjects” etc.
Students from institutions like SP Jain, JBIMS and SIMSREE attended the discussion. The great mix of panellists helped students grasp the different views on the subject. Overall it was a very engaging and enlightening session. Every participant added great value to the session, and it turned out to be a successful and relevant discussion on the current budget.
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