FINANCE CLUB BUDGET SESSION

After the successful accomplishment of Finance Conclave 2019, GNIMS Finance Club headed by Prof. Kapil Bhopatkar and the Finance faculties are organizing a pre-budget session for the finance students ahead of the fiscal year 2019-20.

As noted from the recent article in Financial Express, following topics would be tinkered during the pre-budget session:-

“Expectations are building that the routine vote on account may turn out to be as eventful as a regular budget. The government may roll out measures to woo the electorate. The Finance Minister may make announcements in order to please rural voters and the urban middle class. The most likely step would be a cash transfer or DBT, in lieu of subsidies. In addition, we expect some income support scheme. Certain other measures are likely, such as changes in crop insurance scheme. Also, we expect an increase in agricultural credit flow as well as increase in spending on rural infrastructure.The comprehensive review of direct taxes is pending and may take time. The government may, however, tinker with the current slabs to please the urban middle class. Overall, we expect the vote on account to be expansionary and populist, with an attempt to win votes from farmers and the urban middle class. However, we don’t expect the government to break the bank. This will be a delicate balancing act. The government will need to raise revenues, and for this we expect a higher pace of disinvestment in the coming year.”