Life @ AIM - K

Crux of Dristikon 2006

The Army Institute of Management, held it's annual discussion on the finance bill called Dristikon on the 7th of march 2006. The panel included some distinguished personalities from various fields namely Mr. Udayan Ray, Director (Finance), NICCO was the moderator spoke first thereafter Mr. Prodipto Banerjea, Exe. VP, Finance, ITC and Mr. Siddhartha Chatterjee, Capital Market Analyst.

Mr. Udyan Ray emphasized on the point that no matter how the budget is, one needs to work within it and go by it. He also said that the economy looked stronger, as a result of the strong rate. Other aspects like inflation, MAT, indirect taxes etc were also emphasized upon. he seemed pleased about the fact that the finance minister was more focused on implementing the budget.

Mr. Proditpto Banerjea claimed that there were not many surprises in the bill. He pointed out the fact that the government wants more FDI over FII. His main emphasis however, was on the tax to GDP ratio. He also spoke about the pillars namely agriculture, education, infrastructure and public health in context to Dr. Chidambarams budget. He concluded by saying that the finance minister has gambled with two aspects:

Firstly, he has assumed that there will continue to be a lot of money in the stock market.
Secondly, there will be growth in the agriculture sector this year as well.

The final speaker was Mr. Siddhartha Chatterjee who provided the discussion with much needed humor. He spoke mainly about the stock market and how it has affected the budget and vice versa. He saluted the budget giving examples of some companies whose share prices have ten-folded over the last 3 years like L&T, BEML etc.

He also spoke about the systematic investment plan or the SIP process. He concluded by saying just one emphatic statement - India is unstoppable.

All in all, it was an excellent discussion that helped students get an insight on the nations complex budget.


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