Students of RNBGU, Rajasthan Discussed On General Budget- 2016
Discussion of expectations from Budgets and the reality as the budgets are declared are the most crucial discussions for any vertical rendering toward the growth of a global economy.
Keeping in pace with this effort at the RNB Global university- Bikaner, Rajasthan another milestone was cemented as a Seminar was organised consecutively on the release of the Union Budget and the General Budget , staging a live telecast of the Budget Session directly from the parliament. Before viewing the Budget the candidates were a given a prelude on both days about the content and the context for them to be able to understand more importantly the reason of being made to be audience to this live telecast, rather than wonder why are they being made a part of the audience if it doesn’t relate with their academic aspects.
On the day the Union Budget was released, in the prelude the candidates were first made to understand the importance of the budget for the related verticals like the Railways, and also a synopsis on the pre survey of the Budget was discussed with them which stated that the common man wants Railways to render better services to all classes and not just the upper class, that it is desirable that the system of Quota reservations and VIP charts is made transparent by the authorities. The survey also brought to light that to be able to give better services to the general class the only way cannot be to increase price of the tickets but for better revenue the Railways need to restructure their revenue and expenditure patterns in a manner where there is less burden on the lower/middle class and revenue can be saved by stopping incorrect practices of releasing Quota Tickets and many other such ways.
The budget was viewed live by all participants and thereafter the discussion led everyone to understand in a simple language that the Union Budget was concentrating on betterment of public facilities in the railways from ticketing, platforms, connectivity, proponent and postponement of trains, catering service in the train, medical relief, better housekeeping, cleanliness and hygiene of water facilities and wash rooms. For all this Budgets with high quotations have been allotted this year and the aim of the government is to not let the burden fall on the common man.
In continuation to this on the 29th of February 2016 a seminar was organised, wherein before the Live Telecast of the General Budget the convener of the seminar Dr.Roy, Dean SOCM at RNB first discussed with the candidates the pre survey for this budget release which was from the common man’s point of view stating facts like the GDP Growth, how can inflation be controlled, The reason why prices of crude oil in the international market need to be controlled. How FDI can be promoted by making international investment policies on a Global Context liberal, and how the Make in India Project which got launched in September 2014 has given a 40% boost to FDI.
After viewing the Live Telecast of the General Budget there was round table discussion of the participants with the convener in the presence of all faculty members where the students went on understand that the main aspect of the BUDGET 2016 was upliftment of the rural areas, agriculture boost, FDI increase for increasing employment opportunities for the unskilled labour which will automatically reduce the percentage of people below the poverty line. The Budget did not ignore the sectors already stable like corporate sectors, but has tried to create a simpler and better path for betterment of the rural area, education for all, micro finance intrusion, better facilities to the agriculture sector, digital marketing, etc.
From here the candidates got engrossed in a discussion with the convener on certain points which were not clear to them like impact on economic growth of the internal disturbances, like the JAT agitation. Also the candidates clarified there understanding on certain terminologies used by economists.
All in All it can be very proudly termed as a good effort toward knowledge and content enhancement for candidates from various walks of life and of course the candidates themselves were very happy as they stated that this was time they had ever been audience to the budget release session and have now realised that Budgets are not related only with people who pay taxes or the beaurocrats, rather they have a direct impact on the 70% of the population which is not from the upper class. The candidates were elated that would now be able to stand in their peer group from various other instituted and claim to have a wider horizon, which ultimately has always been the Aim of all endeavours at RNB.