XISS Organises Panel Discussion on Union Budget 2022-23

Xavier Institute of Social Service (XISS), Ranchi, organised a panel discussion on the Union Budget for the financial year 2022-23 at Fr. Michael Van den Bogaert SJ Auditorium on February 3 2022.  XISS faculty members and student speakers discussed the details of the Budget in sectors like health, education, finance, agriculture, social sector etc.

Dr Joseph Marianus Kujur SJ, Director, XISS in his welcome address shared his happiness and pride on organizing Union Budget Discussion at XISS, which is now an annual feature of the Institute. While setting the tone of the discussion he emphasized on the inclusiveness and balance - how real in the Union Budget 2022 in the context of the pandemic.

In his address he said that it is to be understood how this budget caters to all sections of the society, irrespective of their caste, class and colour. It is important to understand and believe that this budget is for our growth and development. So, through this discussion it becomes imperative to understand that does every citizen of the country, belonging to various walks of life from various social and class group, feel that this is his or her budget.

Furthermore, Guest Speaker, Mr Philip Mathew, President of Jharkhand Small Industries Association (JSIA), Managing Director, Mangalam Lubricants (P) Ltd. in a discussion on the budget said that a Capex based budget of Rs 7.5 Lakh Crore on the infrastructure will give boost to the economy. He mentioned the budget to be particularly beneficial to the MSMEs as with the advent of GST many of the MSMEs have managed to come to the formal sector, which have encouraged them to run their business after the two crushing years of the pandemic.

Dr Pradeep Kerketta SJ, Assistant Director, XISS in his address stated that the aim of the budget is to accelerate the growth of the economy. He furthermore stated that it will enhance the employment and income but it’s a long term vision. Welfare scheme budget is reduced which might not paint a good picture.

The session concluded with a vote of thanks presented by Dr Amar E Tigga, Dean Academics, XISS, who stated that the budget is quite encouraging with respect to market economy but we also need to care for the welfare of underprivileged.

Towards the conclusion of the discussion, memento to guest speaker and certificates to students’ speakers and student moderator was given. The entire discussion was well moderated by Prashant Kumar Jha, Assistant Professor and the student’s speaker session was moderated by student moderator, Satyapriya Mitra, 2nd year, Financial Management. The budget discussion was coordinated by Dr Bhabani Prasad Mahapatra, Assistant Professor, Programme of Marketing Management.

To view the discussion on the Union Budget 2022-23, click on the link: