The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals:The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
Quoting the famous Marianne Wilson “Every ending is a new beginning”, a convocation holds the same meaning for Be-ites. Nothing can match the thrill of returning to college, meeting old friends, gushing through the corridors – reminiscing old days and getting rewarded for the hard work one puts in throughout college life. The Graduation Felicitation …
UMANG’14 hosted the event called Stand-up comedy, which took place at the 6th floor auditorium. There were five participants in total. The judge of the event was Mr Zahir Hussain. In this event, the performers had to use their wit and sense of humour to entertain the judge as well as the audience. It was …
CII along with The Bhawanipur College as the education partner is proud to present an opportunity to hear and converse with the Nobel Laureate Dr.Abhijit Vinayak Banerjee on , “Restarting the Indian Economy in the New Normal” along with eminent speakers on 22nd May, 2020 The impact of the COVID-19 pandemic on the global economy …
Women’s Cell in collaboration with the Department of Political Science, Sociology and the Internal Complaints Committee of The Bhawanipur Education Society College organized an Online Talk on ‘Intimate History of Intimacy’ on 28th February, 2022. Dr. Prasanta Ray, Emeritus Professor, Presidency University, Kolkata was the distinguished speaker of the webinar. The event began with an …
BUDGET BRIEFINGS: Discussion on the Union Budget
The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals: The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
Covered by – Ankush Ghosh
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Quoting the famous Marianne Wilson “Every ending is a new beginning”, a convocation holds the same meaning for Be-ites. Nothing can match the thrill of returning to college, meeting old friends, gushing through the corridors – reminiscing old days and getting rewarded for the hard work one puts in throughout college life. The Graduation Felicitation …
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UMANG’14 hosted the event called Stand-up comedy, which took place at the 6th floor auditorium. There were five participants in total. The judge of the event was Mr Zahir Hussain. In this event, the performers had to use their wit and sense of humour to entertain the judge as well as the audience. It was …
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