BASIC DETAILS
DATE: 19TH FEBRUARY 2019
TIME: 03:00 PM
LOCATION: CHANAKYA SEMINAR HALL, NHCE
ABOUT THE GUEST OF HONOUR
R. KRISHNAMOORTHY. Ph.D
 Member, Board of Governors, Indian Institute of Management.
 Member, IIM Society, Tiruchirapally, Tamilnadu.
 Chairman, Finance Committee, IIMT.
Areas of Specialization: GST, Research Methodology, Business Ethics, Entrepreneurship, Consultant GST and
Customs

TAXATION AND BUDGET
Department of Management Studies, New Horizon College of Engineering had organized a workshop on 2019-20
Budget for the students of 2nd semester MBA in Chanakya Seminar Hall. Mohita, a student from the MBA
department set a beginning to the workshop with a brief introduction about the guest, R. Krishnamoorthy.
The guest embarked on the topic of the Budget system in the country with a story about Hitler. With the story, the
guest accentuated the fact that the budget is forced on people who lack complete knowledge about it. Further, he
gave students brief information about the difference between budget in the fiscal economy and the deficit budget. He
stated that the Deficit budget is a virtue which will accelerate economic growth.
In his lecture, Mr. Krishnamoorthy explained the importance of income tax by giving facts and figures about the
number of people who are actually paying the tax. He put a spotlight on the population (125 Crores) of the country
while comparing to the 3.5Crore people who are bearing the income tax of the whole nation. He poured light on how
the country has failed to bring equality in the country through budget plans even after 70 years of Independence.
He also spoke about the proposed budget which is inefficient in many ways to bring equality in the country. As a
guide, he explained to students about the importance of budget in bringing equality in the country by taking
examples of the critical needs of the county.
He concluded the workshop with an illustration of how technology is taking away all the resources. He ended the
lecture with the statement that “India cannot be ruled by democracy, it needs controlled democracy”. To conclude
the workshop, Dr. A.R Sainath sir gave students details about the ratio of the amount collected and spent on various
activities in the country.

To express gratitude to everybody who contributed their bit of knowledge and effort to make the workshop
successful, Vote of thanks was delivered by Vanita, a student from the MBA department. The main presenter of the
day, Mr. R. Krishnamoorthy was bestowed with a Tulasi plant as a token of thanks. The event ended with a set of
questions from the students who were keen on knowing and understanding more about the budget 2019-20.
STUDENT’S STANDPOINT
“It was a great session which gave us brief information about the budget 2019-20. We all learned something that we
wouldn’t have known if we just went through the budget on our own. It was indeed an informative session for all of
us ”, says Deekshitha, a 2nd semester MBA student.
“The best part about the session was that I got a chance to talk to the guest and sort out my doubts regarding the
budget. The whole session kept us interested and I’m keen on knowing more about the topic”, says Shashank, a 2nd
semester MBA student.