Budget

Budget Symposium 2008- Up, Close and Personal..
This Sunday ,(2nd march) I went to attend a Budget symposium..an anaylysis of the budget 08 , released by our FM, in Symbiosis. In all there were about 500 students which included about 25 students from our collg, half of them from d 1st year..was gud 2 see the enthu of junior junta regarding da budget and its analysis.
The main motto was to look into different perspectives of d budget by sum highly gyaani ppl of the industry and nation….!! 

We were told that it will start @ 9am…so we reached there by 8.30am.
When we entered da collg, say 8.45, we found tht floor sweeping was goin on…and that made us realize the mismanagement ..Neways…we asked at the Help Desk as in when exactly the event will begin and it was @ 10..!!
Man…wot to do now….!! So we were “suggested” to go to the canteen and then come back..!!
Fine we killed some time and had our breakfast.

Entered the conference hall @ 9.30…..saw a maid sweeping the stage..!!
How can ppl be so bad at time management..!!
That time and again made me feel that my collg is at par ..!!

We are told in our collg from the 1st day : “ Before time is on time and on time is late” ..!!
Well the event started wid a felicitation..and a candle lighting ceremony.

Then began the main event which we all were waiting for..the first speaker gae us all a very good insight of the Fiscal Deficit and the uncovered commitment issues, wich rises the deficit percentage to 5…!!
And lot was discussed bout the capital maket, direct and indirect tax, infrastructure etc.

One interesting question he raised in the end:
“Budget is good for which sector” ?
Ans : Paper ;)

Coz so much is published in the papers bout budget..pre bud, bud, and post-budget..!!
So paper bznz surely is in boom then and also Health care …impact of budget + reading of these voluminous pages..high bp and heaven forbid..hearattack..!! ;)


Well jokes apart…this budget was an election budget…makin as many ppl happy as was possible by the FM.

Then was the 2nd speaker, Mr. G.M.Bajpai, who discussed about the three pillars of economy..1.political. 2 Macro and 3.Capital..!

We discussed about what the budget has done and what all could be done to make it a better one.

Then we had the 3rd speaker, CFO of Zensar
Some quality knowledge shared again..

Luk at the way he had put up the waiving off of Loans:
It’ll be the same as all of us wud pass Mba without giving our exams.

As now the farmers will not be backed with any kinda motivation to replay the loans…It is though a social reform but where are we heading to??

Then was a person frm PWC(price water house coopers)

He was a man wid technical humour .. 
Cracked jokes to make us understand everything in a very simple way.
Like:
To be a MAN...get a PAN 

Coz frm now on for identification..pan wud b compulsory..


We also discussed about Balrampur Chini mills override, Cascading effect of DDT and TWO NEW DEDUCTIONS 80-IB (11C) and 80-ID to promote socio-economic development for hospitals and hotels respectively..!!


Btw……me n frenz then started lukin at our left row….a student of SIBM was sleepin on his chair.. budget was boring for few 


We had our lunch break….Pizza, Cheese garlic bread, Pasta, Brownie.. 

Then was the most interesting PANEL DISCUSSION..!!


6 different eminent dignitaries..and one topic…Budget..!!

Honestly I loved this discussion…
the best I found was a person frm the Left part ( CPI(M)), Mr. Ajit…..amazing points placed.

One such example :

The govt shall b gvn concession on opening hospitals,(certain specifications are pre specified) So as Sir said…it’ll be like opening Ruby Hospital ( one f da best n expensive hosp in Pune) in rural areas…. So that is a CRUEL joke by the Govt..!!!

When some one interrupted and asked him ..what if we open sucha hosp in villages then do u have a prob..his reply was : I wud not have a problem if u cud prove Water can be Dry..!!!

Wow..!!


Overall an excellent discussion wid Q n A sessions …we all got an indepth knowledge of how it all works..!!

Btw m planning to make my own Budget now :P
But don’t want NE1 to discuss on that ;)