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.
Organized by The Department of BBA, The Bhawanipur Education Society College Convener : Prof. (Dr.) Suman Kumar Mukerjee, Director General, The Bhawanipur Education Society College Platform : Video conferencing through Zoom Date : 20th September, 2020 – Sunday (2:30 PM to 4:30 PM) “Ignoring technological change in a financial system, based on technology is like …
Concept Hall, July 26th, 2018. On this day in 1999, the Indian army had successfully wrested control of the vantage peaks from the clutches of the Pakistani army personnel masquerading as terrorists who had surreptitiously entered deep into India territory and dug themselves in. The battles that followed, were some of the fiercest in the …
“A budget tells your money where to go instead of wondering where it went.” John C. Maxwell. As the clock struck 3:00 P.M. on March 3rd, 2025, the Economics Collective, Eco For Be-Ites of The Bhawanipur Education Society College, proceeded with the seminar “Budget Pe Charcha” in the Society Hall of the College, enlightening …
“Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” – Niccolo Machiavelli The Bhawanipur Education Society College in collaboration with IIT Kharagpur and NSHM Knowledge Campus organized Entrepreneurship Awareness Drive (EAD) on 11th October, 2023 from 2:00 pm. to 7:00 …
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
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