Panel Discussion on Union Budget 2015 held on 03rd March 2015
Union budget 2015 of India was announced on 28th February, 2015 by Finance Minister Mr. Arun Jaitley. This year the budget has announced further measures to move towards improving financial efficiency and stability.
The new government presented its maiden Union Budget in July 2014, which was neutral in its policy announcements, the stage is set and all eyes are now focussed on the upcoming Union Budget scheduled to be announced in February 2015. The Union Budget 2015 is riding on higher expectations than that of its predecessor from an economic and industrial boost perspective. The people of India, Corporates, industries, multinationals and the world at large are looking forward to this upcoming Union Budget to be a game changer of sorts and represent the reforms that the new government promises.
MITSOT brought an analysis of the union budget through various Industry leaders & experts to engage with student through this platforms and share their views on what we can expect.
The students of MITSOT specialising in Finance gave the Overview as well as highlights of the Budget. It was followed by the Panel Discussion at MITSOT, Seminar Hall, MIT Kothrud, Pune. The panel members included the following
Mr. Kishor Phadke
|Partner||Kirtane & Pandit|
|Mr. Rajendra Agarwal||Advisor||Ernst & Young|
|Prof. Shashank Divekar||Moderator||MITSOT|
They threw light on:
- Clear tax policy direction
- Reduction in Corporate tax rate along with rationalization of exemptions,
- Clarifications on indirect transfer and their prospective application, deferral of General anti avoidance rules (GAAR) and clarity about prospective applicability,
- removal of Wealth tax,
- firm commitment on GST implementation and addressing inverted duty structure issues faced by domestic manufacturers and, finally,
- a clear roadmap on anti black money provisions all of which are hugely beneficial for businesses.
- Also, clarifications on Alternate Investment Funds and Real Estate Investment Trusts are also much needed for greater clarity in their applicability