XAVIER BUSINESS SCHOOL

ARTHAVISHLESHAN 3.0
DATE: 13.02.2024

On 13th February 2024, the Finance Club of Xavier Business School (St. Xavier's University
Kolkata) organized "ARTHAVISHLESHAN 3.0," a budget discussion ceremony aimed at
educating the students of the 2nd and 4th semesters about the recent changes and
amendments made to the Budget 2024-
25. The event took place in
Amphitheatre 223 of the Academic
Building Block and was divided into
two major parts.

Session Highlights

The first part of the event featured 15 participants who were given topics related to the
amendments and insertions in the Indian interim budget. Each participant had two
minutes to discuss their assigned topic. The topics covered a wide range of sectors,
including education, agriculture,
manufacturing, energy, defense,
automobile, railways, infrastructure,
health, hospitality, and tourism. The
judges evaluated the participants'
discussions and selected the best among
them, who would be crowned the
'Chanakya' of the year in XBS.

In

the second part of the event, Dr. Debashis

Majumdar, a renowned economist with a
Master's Degree in Economics from Jadavpur
University, an M.Phil. in Economics from
Calcutta University, and a Ph.D. in
Economics from Rabindra Bharati
University, shared his expertise. Dr.
Debashis Mazumdar conducted a comprehensive analysis of key aspects about the Union
Budget 2024-25, The analysis encompasses several critical areas, including the average
annual growth rates of real National Net Income (NNI) and per capita real NNI during the
pre-reform and post-reform periods. It also examines the sectoral growth rates of the
primary, secondary, and tertiary sectors of the economy. The unemployment situation in
rural and urban India is discussed, highlighting the percentages of unemployment over
the years. The inflation rates, based on the Consumer Price Index (CPI), are presented,
revealing fluctuations during the specified period. Dr. Mazumdar also identifies rising
inequalities in income and wealth
distribution as a major obstacle, while
noting the global economic slowdown
and declining trends in trade, retail
sales, and industrial production as
challenges.

However, he also recognizes

opportunities, such as the increasing
Global Composite PMI Output Index.
The analysis further delves into the
deficit in the Current Account of
India's Balance of Payments, providing insights into its fluctuations and percentage in
terms of GDP. Moreover, the expenditure trends of the central government, including
revenue expenditure, capital expenditure, and total expenditure, are examined, alongside
the trends of revenue and capital receipts, both including and excluding market
borrowing. The tax-GDP ratio in India is also highlighted, indicating the percentage of tax
revenue in relation to the country's GDP. Dr. Mazumdar's comprehensive analysis sheds
light on the Union Budget's implications for various sectors of the Indian economy,
providing valuable insights into its key aspects and economic indicators.

At the end of the event, Dr. Debashis

Majumdar distributed certificates to the first
and second runners-up, as well as the
champion of the competition. The event was
highly informative, offering the participants a
great learning experience.
 Conclusion

Overall, "ARTHAVISHLESHAN 3.0" was a successful budget discussion ceremony

organized by the Finance Club of Xavier Business School. In addition to the details, it is
worth highlighting the unwavering support and encouragement provided by Prof. (Dr.)
Sitangshu Khatua, Dean of Xavier Business School and Dr. Banhi Guha, who served as the
professor in charge of the Finance Club. Their guidance and assistance were instrumental in
the success of "ARTHAVISHLESHAN 3.0." Their presence throughout the session ensured a
smooth and well-organized event .The event provided a platform for students to enhance
their understanding of the recent budget changes and amendments. The active participation
of the students, combined with the expertise of the guest judge, Dr. Debashis Majumdar,
made the event a valuable and enriching experience for everyone involved.

Report By –

SOUVIK DEY
CCM of FINANCE CLUB
MBA – 1 ST YEAR
ROLL- 62