JAMMU, Feb 3: Indian Institute of Management, Jammu (IIM), Jammu conducted an insightful session on the Financial Budget 2024.
Prof B S Sahay, Director, IIM Jammu, presided over the event that featured distinguished speakers like Prof Dipankar Sengupta from the University of Jammu and Manjul Raizada, Income Tax Officer, Jammu. The session witnessed active participation from faculty, officers, staff members, and students at the institute.
Prof B S Sahay, Director of IIM Jammu, emphasized the crucial role of the budget in mirroring the nation’s dynamics. He underscored the significance of basing the budget on facts and figures, appreciating the Government’s confidence and past achievements. He praised the budget as a guiding roadmap for India’s development until 2047, lauding the Government’s dedication to social justice, especially for women, youth, and farmers. He commended the innovative Direct Benefit Transfer (DBT) and substantial allocations for welfare schemes, research, and infrastructure.
Prof Dipankar Sengupta delivered a compelling analysis of the Indian Budget 2024. He focused on economic growth and price stability, noting a shift towards monetary policy expansion over fiscal measures. Stressing the significance of common sense in economic management, he commended the Government’s adept handling of the COVID-19 crisis and provided nuanced insights into healthcare and infrastructure spending.
Concluding with a thought-provoking perspective, he characterized the budget as interim, challenging its traditional categorization. He urged stakeholders to recognize the underlying strategies shaping the national budget.
Manjul Raizada emphasized taxation’s critical role in shaping India’s future within the current fiscal landscape. He underscored the importance of taxation and its symbiotic relationship with key sectors such as infrastructure, railway, healthcare, renewable energy, agriculture, and aquaculture. Recognizing the Government’s significant investments in education, health, and infrastructure, he addressed young leaders, urging them to envision a “Viksit Bharat” (Developed India) by 2047, emphasizing the pivotal role of taxation in realizing this vision. He highlighted the importance of tax payments for securing a prosperous future, encouraging individuals to recognize themselves as pillars of the country.
Faculty members Dr Sarbjit Singh, Assistant Professor, Economics & Business Environment, Dr Bijoy Rakshit, Assistant Professor, Economics & Business Environment, and Dr Malaya Ranjan Mohapatra, Assistant Professor, Finance & Accounting were also present.
IIM Jammu holds discussion on Budget- 2024