Lyallpur Khalsa College organized a discussion on “UNION BUDGET 2018-19”

Jalandhar 12 March (Jaswinder Azad)- P.G. Department of Economics of Lyallpur Khalsa College, Jalandhar in collaboration with Punjab Development Society, organized a discussion on “UNION BUDGET 2018-19” on 12 March, 2018. Our department and Punjab Development Society in synergy regularly offers to the Government our advice on the matter of socio – economic and cultural development in the state. The Chief Guest of the function was Dr. Jaswinder Singh Brar, Professor of Economics, Punjabi University, Patiala and Guest of Honour was Ms. Sarvinder Kaur, Old Student of Economics. Budget discussion is an annual feature of the department since the year 2015. The discussion is divided into Ten parts comprising of Agriculture, Social Sector (Health, Education Employment) and Infrastructure, Small Scale Industry, Railway, Environment, Tax and Expenditure and Financial Sector (Banking, Insurance, Non Performing Assets). Students were divided into two groups, one in favour and other were against proposed budget. Major highlights and conflicting points of budget were raised by the participants during discussion. A short skit related to the budget was also presented by students of Economics Department.
Principal of the college, Dr. G.S. Samra appreciated the sincere efforts of the department in past and present of creating awareness among the students on latest topics like, Demonetization, G.S.T., Agriculture Crisis, Vulnerability Crisis and associated problems. The department besides quality teaching also has the merit of enormous contribution in research on varied topics.
For generating the interest of the students in the union budget, a Poster Making competition was organized on 21st Feb., 2018 and 27 students of different departments of the college participated in the competition. Ms. Gurvinder Rani bagged first prize followed by Mr. Avinash Kumar (second position) and third position was secured by Ms. Vaishali. A Collage Making competition was also organized on 28th Feb., 2018. in which 32 students participated. Mr. Avinash Kumar bagged first prize followed by Ms. Gurpreet Sandhu (second position) and third position was secured by Ms. Deepika. For the encouragement of the participating students certificates of appreciation were given accompanied by trophies to the winners. A special prize was awarded to Ms. Yashika Jain for preparing a model on budget.
P.G. Department of Economics of Lyallpur Khalsa College, Jalandhar has started a new tradition of acknowledging and awarding every year an alumnus of the department for their achievements in professional life and contribution to the society. The department unanimously decided to Honour Ms. Sarvinder Kaur (Old Student). She is a famed journalist, a successful entrepreneur, a prolific writer and a fine human being, Ms. Sarvinder Kaur is an alumna of this century old institution. A student of the 1995 batch of the Department of Economics, Ms. Sarvinder has earned a name for herself in the areas of journalism and management, and also among the policy makers of the state. She, in the capacity of an active member of the Punjab Development Society, regularly offers to the government, her expert advice on the matters of socio – economic and cultural development of the state. She also has the distinction of being the only woman member of the Council of Executive Board of Indian Newspaper Society. Having an inquisitive mind with exploring attitude, Ms. Sarvinder has travelled a lot and written extensively on her observations during her visits overseas. Her literary pieces on South Africa, Bhutan, Turkey, Indonesia, Egypt and Jordan have been highly, and rightly, appreciated. She is a rare combination of success and humility and she stands out as a role model for our young students. Ms. Kaur has made us proud with her sterling qualities of head and heart and her diverse skills and abilities which have culminated in her success. Post Graduate Department of Economics, Lyallpur Khalsa College feels elated to acknowledge her extraordinary achievements and honours her for the same.
Chief Guest Dr. Jaswinder Singh Brar appreciated the department for successfully engaging the students in the Budget Discussion and encouraging them for their efforts.
Dr. Jaswinder Singh Brar discussed the budget in context of major problems of the economy like rural distress, again crisis, economic slow down, banking sector scams etc. He was not much in the faoour of budget. He was highly worried for the salaries class who did not get much in this budget. He quoted that in counties like Srilanka and others, there is no tax on teachers salary. But there is no such provision in country like ours. Even agriculture sector which was touted to get much from this budget was also a mere eyewash Government is just focusing on announcing so many things but is not clear about the allocation of fund. As far as indirect taxes are concerned, GST implementation has limited its flexibility. He briefly touched each and every aspect of the budget.
Ms. Sarvinder Kaur also shared her valuable views on budget. She was also not in favour of this budget. According to her focus should be on implementation as these are many leakages at every step. She stressed, two major policy initiatives GST, Demonetization were highly unplanned and poorly designed. This budget was a major hit to unorganized rural sector. She appreciated on step of the government that it is encouraging domestic manufacturing Though ‘Make in India’ and increasing employment opportunities through such policies. She said, in the whole, it was farmer focused and rural centric budget but it was silent about its founding.
Vote of thanks was given by Prof. Navdeep Kaur, Head, Department of Economics. She highly appreciated the Chief Guest Dr. Jaswinder Singh Brar and Guest of Honour Ms. Sarvinder Kaur for sparing some time to guide the students on the topic Budget and various intriquatories associated with it. She also thanked the Principal of the college for always encouraging and supporting the department financially and morally in various endeavours. She highly appreciated the various teachers of the department for successfully organising the function. Last but not the least she encouraged the students of Economics and others departments to workhard with dedication and streamline their efforts. Dr. S.S.Bains, Joint Sectary Punjab Development Society, Prof. Jasreen Kaur (Dean Academics Affairs), Prof. Manpreet Kaur (Registrar of the college), Prof. Hariom Verma, Prof. Tarsem Singh, Dr. Sarbjit Kaur, Prof. Manpreet Kaur, Prof. Savina Ralhan, Prof. Ravnit Kaur, Prof. Simranjeet Kaur, Dr. Gitanjali Singh and Prof. Navpreet Kaur were also present in the function.
Share on Google Plus

About Jaswinder Azad

    Blogger Comment
    Facebook Comment


Post a Comment