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