FICCI Organised Post Budget Session Analysis

KOCHI:

“Increased allocation on Capital expenditure and allocation more funds to key sectors of growth would stimulate growth” stated Dr. Aswathy Rachel Varughese Asst. Professor Gulati Institute of Finance and Tax while speaking on the Post Union Budget Analysis Session organised by FICCI along with SICCI – Kerala and CPPR. 

The budget was focussed on Youva Sakthi. Allocation of more funds for MSMEs, providing liquidity support through TReDs and tax reforms to boost Manufacturing sector and continued support to service are welcome initiatives. More details banking sectors and skilling sector are awaited. There is no clear clarity on how increased allocation on capital expenditure would lead to more job creation.

Vinod Nair, Head Research, Geojit Financial Services presented the market and investment analysis based on Union Budget and expected forecast in the coming months in stock market. Kezia Kurien and Revanth from PWC gave interpretations on direct and indirect taxes on Union Budget. C A Goplakrishnan A Chair FICCI KESC Finance & Banking sector moderated the sessions.

 Antony Thomas Kottaram, Chair FICCI KESC Taxation Sub Committee, Banisha Begum Sr. Associate CPPR, Dr. Thomas K Paulose Nechupadam, Chair, SICCI, Kerala & MSavio Mathew, Head, FICCI KESC also spoke .