XIM Bhubaneswar conducted the Budget Conclave, the eighth annual budget analysis session, hosted by X-FIN – The Finance Association of XIM, in collaboration with the World Trade Centre, Bhubaneswar.
The event was hosted on 4th February, 2023 and was graced with the presence of CA A.K. Sabat, Partner, A.K. Sabat & Co., CA Rajib Sekhar Sahoo, Principal Partner, SRB & Associates, Mr. Ashok Kumar Sharda, Honorary Secretary, Utkal Chamber of Commerce & Industry Ltd., and Mr. Braja Kishore Dash, General Manager, NALCO, who shared their valuable insights with the audience.
The session commenced with the speakers lighting the lamp, followed by an introduction by Ms. Nimeshika Natarajan, Assistant Director, World Trade Center, Bhubaneswar. The moderator for the session, our very own esteemed faculty, Prof. S.K. Padhi, Professor, A&F Area, XIMB, stated some facts on the history of the Indian Budget.
The first speaker of the day, CA Rajib Sekhar Sahoo, Principal Partner, SRB & Associates, shared his insights on the budget. He talked about the challenges in this budget and raised his concern about the growing share of borrowings on GDP.
The day's second speaker was Mr. Ashok Kumar Sharda, Honorary Secretary, Utkal Chamber of Commerce & Industry Ltd. He emphasized on the green and environmental side of the budget. Further, according to him, the budget is progressive and forward-looking.
The session was further continued by the third speaker of the day, Mr. Braja Kishore Dash, General Manager, NALCO. He focused on the budget encouraging “Make in India.” His views say that the budget will promote skill development in India.
The final speaker of the conclave was CA A.K. Sabat, Partner, A.K. Sabat & Co. He appreciated the budget and gave insights on the old and new tax regime, focusing on the direct aspect of taxation. After the talk by the eminent speakers was the much-awaited question and answer session where the bright minds of XIM University asked questions relevant to the session. The summit concluded with a vote of thanks from X-FIN.
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