STATE TIMES NEWS
JAMMU: After the introduction of Union Budget of the country for the financial year 2016-17, the Department of Economics of Central University of Jammu organised a panel discussion at its Temporary Academic Block (TAB) here on Tuesday. In the panel discussion, Vice Chancellor of Central University of Jammu (CUJ) Prof. Ashok Aima who presided over the session, eminent Professor of University of Jammu Prof. Dipankar Sen Gupta, B.L Jalali, Assistant General Manager State Bank of India, Dinesh Manhotra, senior Journalist of Tribune, Prof R.L Bhat HoD Department of Economics shared the podium.
Prof. R.L Bhat focused on various Macroeconomic indicators of Indian Economy compared with other emerging economies of the world. Given the circumstances we want union budget which must accelerate the economic growth.
Prof. Dipankar Sengupta highlighted issues that lead to post economic reforms crisis and the current situation where the infrastructure and industry sector having excess capacity are not operating at their optimum level due to lack in demand.
Jalali, mainly highlighted the issues regarding generating profits and be a part of augmenting economic growth.
He also discussed about the increasing NPAs with the banks and showed his dissatisfaction over the provision of recapitalisation of banks in the budget.
Dinesh Manhotra asked the questions regarding the implementation of various schemes of the Government of India like MGNREGA. He was of the opinion that there is no use of initiating a scheme unless it is properly implemented and its benefits reach to the deserving.
He also emphasised that there is no provision regarding the uncertainty prevailing in Jammu and Kashmir at present.
Prof. Ashok Aima hailed the budget present by the Union Finance Minister yesterday and said that the proposed higher education financing agency would be an economic spring for the Indian education sector. With the banks finding it difficult to manage the NPAs from the education loans, setting up a dedicated agency would give the thrust that is needed today.
The panel discussion was compared by Dr. Shweta Kohli and vote of thanks was presented by Sushant Nag.
