The Hindu : Tamil Nadu / Madurai News : Understanding Union Budget

Online edition of India's National Newspaper
Thursday, Jul 22, 2004

Tamil Nadu

Tamil Nadu - Madurai

Understanding Union Budget

Understanding the implications of a Union Budget is a complicated task. The provisions, additions and deletions confuse for a while before it can be understood. The R.L. Institute of Management Studies took special efforts to motivate the MBA students understand this year's Union budget.

The entire presentation by the Union Finance Minister, P. Chidambaram, in Parliament was shown `live' through an LCD projector on a giant screen. The movement in share market was also announced every 15 minutes and at the end it was followed by a panel discussion that made the students realise the implications of the budget.

Panel members were from different fields with one of them being L.J. Soundararajan, Macro Economics analyst. He opined that the budget would increase the country's inflation rate.

S. Gopalakrishnan, Senior Accounts Manager, Hi-Tech Arai Limited, who explained the indirect taxes, felt that the budget was productive and it would help the manufacturing sector.

V. Ramakrishnan, auditor, dealt with direct taxes and their implications and he said the increase in income tax limit from Rs.50,000 to Rs. one lakh was not that attractive as it looked. It would benefit only a small segment of employees. The panel proceedings were coordinated and moderated by T. Arulvelan, senior faculty of the institute.

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The Department of Physics, Lady Doak College, organised a State-level seminar on `Thrust areas in Materials Science' from July 15 to 17 as part of the silver jubilee celebrations of the department. Subject experts from different institutions were brought together for the UGC-sponsored seminar that was inaugurated by A. Gnanam, former Chairman, NAAC. He spoke at length on the knowledge-driven economies in the developed world and how an economy depended on applications of materials science. Those who addressed the participants included T.R.N. Kutty of Materials Research Centre, I.I.Sc, Bangalore and C. Trivedi, Deputy Director, Central Electrochemical Research Institute, Karaikudi.

Experts from Kalpakkam and Thiruvananthapuram also delivered lectures. Participants in the seminar were from different arts and science colleges, universities and engineering institutions from all over the State.

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A seminar on `Social initiatives for population control' was organised by the S.B.T College and the NAM Foundation to mark the World Population Day on July 12 on the college premises. S. Indrani, Joint Director of Health Services, exhorted the youth to take active participation in awareness creation about population control.

The Deputy Director of Health Services, A. Rajendiran, outlined the measures taken by the Government in the area of population control. The Principal, J.P. Gabriel, mentioned that India's population could be made use of in a better way as it had a large pool of human resources.

Nicholas Francis, Director of NAM Foundation, and Louis S. Paulraj, Branch Manager, Family Planning Association of India, explained the negative social implications of population explosion.

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(Contributed by Shastry V Mallady in Madurai.)

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Understanding Union Budget