The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals:The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
Here’s an interesting phenomenon. After cracking one of the toughest entrance exams in India – CAT, you’d assume that it would be smooth sailing for the best talent in the country. Many would believe that after getting into an elite MBA institution would be a piece of cake for the best talent and once you …
On the 26th of February 2020, The Bhawanipur Education Society College hosted the final round of their first ever inter-college Open Mic event. The event witnessed amateur artists from various colleges bring forward their emotions in the form of shayaris, poetries and various other original compositions – including songs, ghazals, raps and more. Hosts for …
Do you love sketching? Don’t know what Urban Sketching is? Our ancestors used to express their emotions by drawing sketches in dark caves with just the help of stones. Thus, sketching has been evolving along civilization. And Urban Sketching it’s the sketching drawings or paintings on location. You basically park yourself in one spot and …
The Bhawanipur Education Society College organized Ray of Hope, an event that brought smiles to the faces of some underprivileged children who were accompanied by the Hum Organization. Humanity for U and Me (HUM) is a youth-based Non-Profit Organization that commenced in 2014 and focuses on providing Food, Education (Jugnu), and Employment (Kiran) to the …
BUDGET BRIEFINGS: Discussion on the Union Budget
The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals: The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
Covered by – Ankush Ghosh
Related Posts
LEARN IT FROM STAR EX-STUDENTS
Here’s an interesting phenomenon. After cracking one of the toughest entrance exams in India – CAT, you’d assume that it would be smooth sailing for the best talent in the country. Many would believe that after getting into an elite MBA institution would be a piece of cake for the best talent and once you …
Open Mic 2020 (Finals)
On the 26th of February 2020, The Bhawanipur Education Society College hosted the final round of their first ever inter-college Open Mic event. The event witnessed amateur artists from various colleges bring forward their emotions in the form of shayaris, poetries and various other original compositions – including songs, ghazals, raps and more. Hosts for …
Urban Sketching Workshop
Do you love sketching? Don’t know what Urban Sketching is? Our ancestors used to express their emotions by drawing sketches in dark caves with just the help of stones. Thus, sketching has been evolving along civilization. And Urban Sketching it’s the sketching drawings or paintings on location. You basically park yourself in one spot and …
RAY OF HOPE
The Bhawanipur Education Society College organized Ray of Hope, an event that brought smiles to the faces of some underprivileged children who were accompanied by the Hum Organization. Humanity for U and Me (HUM) is a youth-based Non-Profit Organization that commenced in 2014 and focuses on providing Food, Education (Jugnu), and Employment (Kiran) to the …