SHUBHANGI SIFA
Ranchi, Feb 3: Xavier Institute of Social Service (XISS) on Thursday organised a panel discussion on the Union Budget for the financial year 2022-23 at Fr. Michael Van den Bogaert SJ Auditorium. XISS faculty members and student speakers discussed the details of the Budget in sectors like health, education, finance, agriculture, social sector etc.
Dr Joseph Marianus Kujur SJ, Director, XISS in his welcome address emphasized the inclusiveness and balance – how real the Union Budget 2022 is in the context of the pandemic.
“It is to be understood how this budget caters to all sections of the society, irrespective of their caste, class and colour. It is important to understand and believe that this budget is for our growth and development. So, through this discussion it becomes imperative to understand that does every citizen of the country, belonging to various walks of life from various social and class groups, feel that this is his or her budget,” Dr Kujur emphasized.
Meanwhile, Guest Speaker, Philip Mathew, President of Jharkhand Small Industries Association (JSIA), Managing Director, Mangalam Lubricants (P) Ltd. said, ‘A Capex based budget of Rs7.5 Lakh Crore on the infrastructure will give a boost to the economy. The budget was particularly beneficial to the MSMEs. With the advent of GST many of the MSMEs have managed to come to the formal sector, which has encouraged them to run their business after the two crushing years of the pandemic.’
Dr Pradeep Kerketta SJ, Assistant Director, XISS in his address stated, ‘The aim of the budget is to accelerate the growth of the economy. It will enhance employment and income but it’s a long-term vision. Welfare scheme budget has been reduced which might not paint a good picture.’
Dr Ramakant Agarwal, Head of Programme (HoP), Human Resource Management Programme said, ‘The Budget highlights the pro-market economic reforms to accelerate economic growth with manageable levels of fiscal deficit.’
S.R. Roy, Associate Professor, XISS on the occasion said, “The inclusion of 5G in Production List Incentive (PLI) scheme will boost the ‘Make in India’ vision and laying Optical Fiber and use of Drone technology will have positive impacts.”
Meanwhile, Dr B.P. Mahapatra, Assistant professor said, “Share of the agriculture and allied in the budget is declined from 4.3% from 2021-22 budget estimate (BE) to 3.84% in 2022-23(BE). There is no increase in allocation for the department of agriculture research and education.”
Dr Raj Shree Verma, Assistant Professor, appreciated the Universalization of Quality Education but sought better mobile, laptop and internet services. She shared about Vaccination Drive, National Tele Mental Health Programme, Mission Shakti, Mission Vatsalya, Saksham Anganwadi &Poshan 2.0.
Dr Amit K. Giri, Assistant Professor, stated that the budget has made ample provisions to provide employment. Schemes such as an increase in capital expenditure, enhancement in expenditure on education, may create employment opportunities.
Students speakers also gave presentations on the Union Budget 2022-23 where Sonakshi Adya, 2nd year, HRM discussed on Implication of budget on Digitalisation and Technology, while Krishna Kumar, 2nd year, Rural Management shared the impact of budget on Rural India. Anand Shanker Mohanty, 2nd year, Information Technology student discussed the technological aspect of the budget. Swapneel Verma, 1st year, Finance student shared the government’s aspirations of making India an economic superpower and finally Arnab Kumar Das, 1st year, Marketingstudent discussed the futuristic blueprint for India shared in the Union Budget.
