Guest Lecture on ‘Overview of Budget- 2021’ at Kaveri

 

Commerce Horizon, Department of Commerce of Kannada Sangha Pune’s Kaveri College of Arts, Science and Commerce has organized a guest lecture on ‘Overview of Budget 2021 on 9th February 2021’ on Zoom platform.

 Dr. Deepa Sathe, Co-ordinator, Commerce, Kaveri College of Arts, Science and Commerce, Pune, welcomed Chairperson of the session, CMA Dr. Damodar Kulkarni( Fellow Member of Cost Accountants of India ) and Resource person, CA Dhanashree Khot.

Dhanashree Khot mentioned that in budget 2021 emphasis given on health care sector and digital education to handle the post covid situation. She also mentioned that there is no change in tax rates and income tax slabs. She elaborated the concepts related to tax and tax reforms made under budget 2021 and explained deductions in direct tax in detail. She also talked about modifications in Indirect tax laws like GST, Customs. She also said government done commendable job by not introducing any covid cess and creating extra burden on tax payers and not changed any tax slabs. She also mentioned that as a layman one looks after budget products became cheaper and costlier, however we should step up and think from other perspective.

CMA Dr. Damodar Kulkarni explained the perception to understand the budget. We need to look at budget from strategic point of view not as individualist approach.  He also emphasised that stock market movements are short term and cannot be indicator of quality of budget. He focused on the fact that substantial amount allocated to healthcare in this budget 2021. Internal development, subsidies to farmers, infrastructure development including railways, buses and solar energy is focused in the budget. He also mentioned the gap between rate of inflation and rate of interest on savings which can lead to difficulty to senior citizens.

Dr. Deepa Sathe, Co-ordinator, Department of Commerce, proposed vote of thanks.