The Union Budget of India, also referred to as the Annual Financial Statement in the Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialized before the commencement of new financial year in April.
Therefore, Mr. Piyush Goyal (Finance Minister) presented the election year Interim Budget in parliament today and announced major relief for farmers and individual taxpayers. This was the last Interim Budget of the NDA government led by Prime Minister Narendra Modi before the Lok Sabha elections due by May. With the Lok Sabha election just months away, the government kept the budget focused on immediate relief such as easing income tax rules, favourable loan terms for small businesses, farm loan waiver and even direct cash transfers to small farmers.
In this regard, the Faculty of Commerce & Management, Rama University, Kanpur organized a session on Feb 02, 2019 in Seminar Hall (MBA-01) to discuss the major highlights & issues related to Union Budget 2019-20. In which all the students of commerce & management participated and given presentation over the budget. There had been question & answer session and students raised their queries and the faculty members resolved the same. During the event, all the faculty & staff members were present namely Mr. Vikas Mishra, Dr. Javed Alam, Mr. Mohit Gupta, Ms, Akanksha Srivastava, Mr. Abhishek Kamal & Ms. Kalpana Srivastava. Dr. Govind Kumar and Mr. Manish Katiyar have given presentation on budget and the vote of thanks given by Ms. Divya Mishra.