SCOPE, like in the past, organized Post Budget Discussion on “Implications of Union Budget 2017-18” with the academic support of experts from PwC Pvt. Limited and Prof. N.R. Bhanumurthy, an expert commentator on the Budget 2017-18. Mr. Ved Prakash, Chairman and Dr. U.D. Choubey, Director General participated from SCOPE while a large number of participants comprising CEOs, Directors and Finance functionaries of public sector enterprises participated.
General impression was that this year’s Union Budget is looking for long term economic growth and social justice. Prof. N.R. Bhanumurthy suggested that the government’s concern for employment generation for the youth must be taken up very seriously.
Mr. Ved Prakash, Chairman, SCOPE extended the support of public sector enterprises in partnering with the development process as envisaged by the Finance Minister in the Budget. Dr. U.D. Choubey, DG, SCOPE mentioned that the challenges before public sector enterprises has increased substantially in time to come. He proposed formation of sovereign holding company for oil sector which will be a giant step towards energy security in the country. Dr. Choubey also mentioned that digitilization when spread to the rural area shall open a new arena for economic growth and assimilation with world economic order. Experts from PwC Pvt Ltd made presentation on impact of Budget on Direct Taxes and Indirect Taxes during the programme.