Discussion and Analysis of Budget 2021

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The Central Government, through the Ministry of Finance, prepares the Finance Bill which contains financial proposals for every financial year. Mrs Nirmala Sitharaman, the Minister of Finance and Corporate Affairs of India tabled the Finance Bill for the year 2021-22 on February 1 2021, at the Parliament.
Indian economy as a whole was negatively affected by the Covid-19 pandemic which resulted in a sharp fall in GDP during the lockdown period. After the lockdown was lifted, the economy started showing signs of recovery. Union Minister of State for Finance Anurag Thakur had asserted prior to the budget presentation that the Budget for the year 2021-22 will be in accordance with the people’s expectations in order to make a self-reliant India.  Keeping in mind the mantra “'Sabka Saath, Sabka Vikas, Sabka Vishwas’, the Modi Government had earlier announced the Aatmanirbhar package in order to swiftly bring the Indian economy back on track. The Economic Survey, which was tabled in the Parliament on 29th January 2021 forecasted the economic growth to be around 11 percent in the next financial year. In this scenario, people of India were eager to know the different measures the NDA Government will take to uplift the economy crippled by the pandemic.
Keeping the significance of Budget 2021 in mind and also with a view to enlighten the students of MBA programme of Christ University, Lavasa, Harmoney, the Finance Club of MBA, organised its first event for February as a Discussion & Analysis of the Budget 2021 at 2.30 PM on Friday, 5th February 2021. Prior to the event, all the students of MBA Finance were divided into different groups consisting of 8 to 9 members in each group. Each group was asked to prepare an infograph containing a detailed analysis of the Budget 2021 which was to be presented to a jury for evaluation. The judges for the event were Dr Ravi Kiran, Assistant Professor in the Department of Economics and Prof. Anshul Saxena, Assistant Professor in the School of Business and Management, Christ University, Lavasa. The event started at 2.30 PM with an introduction and welcome address by Ms Sarah D’souza. There were 6 groups competing with each other for the event. The proposals of Budget 2021 rested on six pillars viz., health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R&D, and 'Minimum Government, Maximum Governance'. All the groups presented the major budget proposals which rested on the six pillars in their infographs. The judges complimented all the participants for the coverage of budget proposals in the infographs. They observed that the impact of budget proposals on different sectors could have been captured in a better manner in the presentation. The winners of the event were group 5 and runners up were Group 6 and group 4. The members of group 5 were Suman Kumari, Akhil Ramakrishnan, Shyam Jose, Ravula Gowthami, Antus Johnny, Sneha Daniel, Job Rhea Joseph, Sreecharan and Sebin Thomas. The organizers of the event were Sarah D'souza, Faria Khan, Aman Kumar Karna, Vinay Kumar and Piyush Kumar. Dr Ambuj Gupta, the Head of Specialization of Finance appreciated the volunteers and participants for their efforts in the smooth conduct of the event. The event concluded at 4.00 PM with Mr Aman Kumar Karna rendering the vote of thanks to the judges, faculty members and participants.

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