Description

The Rotaract Club of Jyoti Nivas College, in collaboration with the Rotaract Club of Jain Evening College, organized a two-day virtual session on Budget 2025 to provide a detailed understanding of the financial allocations, economic policies, and their impact on various sectors. The session was conducted on Google Meet on the 9th and 10th of February 2025, featuring expert insights from CA Akhilesh, Assurance Partner at Vasan and Sampath. On Day 1, the session focused on "A Comprehensive Analysis of Budget 2025, Its Impact on the Indian Economy, and Sectors Poised for Growth." CA Akhilesh provided an in-depth breakdown of Budget 2025, highlighting the four engines of development—Agriculture, MSMEs, Investment, and Exports. The Agriculture sector was allocated ₹1.37 lakh crores, with key investments in modern irrigation, sustainable farming, and farmer support programs. MSMEs, a crucial driver of employment, received policy support through credit schemes, infrastructure improvements, and digital transformation incentives. The Investment sector saw significant funding under initiatives like "Make for India, Make for the World," Production-Linked Incentives (PLI), and innovation-focused policies. The Exports sector benefited from the Export Promotion Mission, Bharat Trade Net, and the National Framework for GCC, aimed at strengthening India’s global trade position. The discussion also covered sectoral allocations, with ₹6.81 lakh crores for Defence, ₹2.55 lakh crores for Railways, ₹2.12 lakh crores for Home Affairs, and ₹1.32 lakh crores for Healthcare. Other notable investments included ₹1.8 lakh crores for FMCG, ₹1.1 lakh crores for Insurance, and ₹92,000 crores for the Postal Service. Additionally, CA Akhilesh explained key amendments in income tax laws, covering TDS and TCS provisions, extended deadlines for updated returns, and tax benefits for startups. He also discussed amendments to the Customs Act, such as the removal of seven tariff rates, implementation of a single cess or surcharge, and an equivalent cess to maintain effective duty structures. The session was highly engaging and provided participants with valuable insights into India’s economic direction, financial priorities, and policy changes. The second day of the session featured an insightful discussion on the tax implications of Budget 2025, led by CA Rajvardhan, a distinguished faculty member at Yeshas Academy. His expertise in taxation and financial policies made the session highly informative and engaging for attendees. The session commenced with an overview of the key changes introduced in the new tax policies. CA Rajvardhan elaborated on modifications in income tax slabs, revised deductions, exemptions, and changes in corporate taxation. He emphasized the rationale behind these policy changes and how they aim to enhance economic growth while ensuring a fair tax system. A major highlight of the session was the discussion on how these tax reforms would impact salaried employees, small businesses, and the middle-class population. The speaker broke down complex tax structures into simpler terms, making it easier for attendees to grasp their real-world implications. Additionally, he provided insights into indirect taxes, including Goods and Services Tax (GST) modifications, customs duties, and their expected effects on various industries. The session was highly interactive, with participants actively engaging in discussions and seeking clarifications on tax-related concerns. CA Rajvardhan addressed numerous queries regarding tax planning, investment strategies, and ways to optimize tax benefits under the new regime. His practical approach to taxation enabled participants to gain a clear understanding of how to navigate the financial landscape post-Budget 2025. The event successfully achieved its goal of providing an in-depth analysis of Budget 2025, equipping attendees with the knowledge required to adapt to the evolving financial landscape. By bridging the gap between policy changes and their practical applications, the session empowered individuals with financial literacy and awareness, ensuring they could make informed decisions regarding taxation and financial management.