Business/Technology
Union Budget ’24-’25 is people centric with fiscal Sustainability : Rudra Chatterjee of FICCI
By : PARTHA ROY
FICCI – West Bengal State Council, in association with EY, organized an interactive session, “Decoding the Union Budget” on 24 July 2024 in Kolkata.
Shri Rudra Chatterjee Chairman FICCI – West Bengal State Council said ” ….In a democracy like India , Government has to listen to people…. Union Budget 2024-25 reflects Government has listened to the people of India and balances equitable growth with fiscal sustainability ….”
During Interactive session , Union Budget was analysed from Tax perspectives and its implications on various sectors . Mr Dinesh Agarwal, Partner, Tax & Regulatory Services EY India spoke on implications on Corporate Tax while
Mr Avisekh Jaiswal, Partner, Tax & Regulatory Services EY India spoke on implications on Indirect Tax .
Panel Discussion on Implications of Union Budget 2024-25 saw participation from
Mr Raj Kumar Chhajer, Chair, FICCI MSME Committee – West Bengal
& Co-Founder & Chairman, ArcVac Forgecast Pvt. Ltd.,
Mr Harsh V Agarwal, Executive Director, Ori Plast Ltd. ,
Mr Rajarshi Banerjee, Managing Director, Razban Sea Food Pvt. Ltd.,
Mr Sanjay Chowdhury, VP & Business Head, Berger Paints India Ltd.,
Ms Sucharita Basu, Managing Partner, Aquilaw,
Mr Giriraj Damani, President & Group CFO, Ambuja Neotia Group ,
Mr Saurav Singhania, CFO, Titagarh Rail Sytems Ltd. Mr Dinesh Agarwal of EY India moderated the panel discussion.
Union Budget 2024 -25 reflects Indian Government’s intention to scale up tax reform in big way as well as simplify tax laws and implementation processes to promote “ease of doing business” . Budget tried to address concerns of youths specifically employment generation. Budget initiated measures to promote employment by new skill development as technology evolution like AI creating serious challenges in traditional job markets. Budget has pushed for widespread infrastructure development lead growth across India. Budget has tried to catalyse socio-cultural-economic evolution of India through various tax reforms and investment initiatives in various infrastructure development projects to create Viksit Bharat by 2047.
