Union Budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres, says expert at meet
The Hindu
SIDAR and Dr. Lankapalli Bullayya College host expert panel discussion on Union Budget, covering various economic aspects.
Society for Integrated Development & Research (SIDAR), and Dr. Lankapalli Bullayya College, Visakhapatnam, organised a discussion meet on Union Budget 2025-26, on the College premises here on Saturday.
The programme featured a panel of experts, including A. Prasanna Kumar (former Rector of Andhra University), V. Balamohandas (former Vice Chancellor of Acharya Nagarjuna University), R. Sudharsana Rao (former Vice-Chancellor of Vikrama Simhapuri University), and D. Harinarayana (former pro-Vice-Chancellor of GITAM deemed to be University).
SIDAR president K.C. Reddy presided over the programme while G. Madhu Kumar, secretary and correspondent of Bullayya college, coordinated.
Speakers focussed on aspects such as income tax implications, economic growth, education, foreign trade, federal finance, commerce, industry and infrastructure investment. The panel also explored the future challenges posed by Artificial Intelligence and the need for skill development.
Prof. K.C. Reddy said that raising income tax limit is expected to boost consumption and investment and there by economic growth. However, this depends on marginal propensity to consume which is around 0.5% doubting its translation to needed investment. He said that the budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres. He said that the Union government had brought a drastic change in the budget objectives. It now focusses on policies and targets like Viksit Bharat 2047, unlike revenue and expenditure in the past.
Prof. V. Balamohandas spoke on income tax exemption and how it can benefit consumption.
Prof. R Sudarshana Rao pointed out that income tax benefit given to middle class in the budget can be recouped by better compliance while Mr. Madhu Kumar highlighted the implications to industry and skilling. He emphasised on sources of revenue and expenditure and fiscal consolidation.
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