Kochi, Mar 2: An interactive budget analysis session on Union Budget 2016-2017 was organised jointly by Federation of Indian Chambers of Commerce and Industry (FICCI) and TiE Kerala here. P Rameshan, Professor, Strategic Management, Indian Institute of Management (IIM), Kozhikode in his key note address gave detailed scenario on Macro and Micro Analysis of the Union Budget.

“From a budget we expect support for the simple needs; and a budget needs to be analysed in the light of simple needs”, remarked Professor, Strategic Management, IIMK. V K Vijayakumar, Investment Strategist, Geojit BNP Paribas in his special address pointed out that budget has to be assessed in the context in which it is presented. (Also Read: Union Budget 2016; Government has taken ‘one step forward’ on retro tax issue, says Arun Jaitley)

“Finance Minister Arun Jaitley has come out with a fine balancing act. The merit of this budget is that it is politically correct too”, he added while exchanging his viewpoints on Market and Investment Analysis about the budget. M George Korah FCA, Managing Partner of M/s Korah and Korah, Chartered Accountants, Kochi gave detailed analysis on the direct and indirect tax implications on the budget.