Mulling over the impact of the Union Budget 2021, Standing Conference of Public Enterprises (SCOPE) organised a webinar on ‘Decoding the Union Budget 2021.’ Prof. N. R. Bhanumurthy, Vice-Chancellor, Bengaluru Dr. B. R. Ambedkar School of Economics University; Mr. Rakesh Kumar, CMD, NLCIL & Chairman, SCOPE and Mr. Atul Sobti, DG, SCOPE addressed the webinar. Detailed presentation on the impact of the Budget provisions was made by senior partners and subject matter experts from Deloitte. About 500 participants including board members and senior official from PSEs attended the webinar through SCOPE’s various platforms.
Addressing the participants, Prof. N. R. Bhanumurthy stated that the Budget will accentuate the growth by invigorating the economic and infrastructural development of the country. He said that fiscal policy shall take a lead to enable overall macroeconomic stability of the country.
In his address, Mr. Rakesh Kumar said that the Budget stimulates strategic sectors and reflects on renewed impetus to green initiatives. While highlighting key aspects of the Budget, he reiterated on the constructive role of PSEs in the overall economic development of the country.
DG, SCOPE while appreciating the Budget said that infrastructure, social sector and policy reforms shall prove catalytic for growth. He added that in light of ease of doing business and conciliation mechanism announced, SCOPE Forum of Conciliation and Arbitration (SFCA) can play an important role in the new landscape.