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The Research and Scholastic Development Team Budget Symposium 2023

The annual "Budget Symposium" of SIBM Pune, an analysis and discussion of the Union Budget, was organised by RSDT to familiarise students with the trajectory set by the Union Budget and its effect on the current economic environment. The topic for this year's event was "Resilient Budget for Amrit Kaal," and it took place in a virtual setting on February 12th, 2023.

The symposium began with Keynote Speech by Mr. Prithviraj Srinivas, Chief Economist, Axis Capital Ltd. with an insightful talk on the Union Budget, which was followed by a Q&A session.

The second leg was an enriching panel discussion with leaders in the industry, including Mr. Ritesh Jiwarajka, CFO of Liberty General Insurance, Mr. Rahul Agrawal, CFO of Xpressbees Pune, and Ms. Piya Mahatney, economist, author, and visiting faculty member at St. Xavier's Institute of Communication. The panel was moderated by Dr. Varun Miglani, Assistant Professor at the Symbiosis School of Economics and Researcher in Agricultural Economics. The experts on the panel discussed issues such as health, agriculture, military, and financial markets. The union budget's benefits and drawbacks were highlighted in the discussion, which also noted that the budget is supportive of growth and in line with the fiscal policy with CAPEX investment policies, enabling the government to spend more, address the uneven recovery, and aid the MSME sector in increasing employment.

This was followed by a fireside chat with notable figures like Dr. Sudarshan Bhattacharjee, Principal Economist & Head, Centre of Excellence, Yubi, and Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services Ltd. Mr. Prasanna Joshi, Executive Editor at Sakal Media Group, moderated the discussion. The conversation emphasised how Budget 2023 was created to support equitable growth and development. The panellists discussed several significant elements of this year's budget, including the tax code and green energy, and agreed that allocating funds for capital expenditures in the budget might promote growth.