Pics: Dayanand Kukkaje
Daijiworld Media Network – Mangalore (PS)
 
Mangalore, Mar 25: A panel discussion on India’s balance sheet was organized by the Mangalore branch of SIRC, ICAI in association with K Ganesh Shenoy Memorial Trust here at Hotel Ocean Pearl on Saturday March 24.

Addressing the gathering of CAs, students and others, Firoze B Andhyarujina, senior counsel in the Mumbai high court said that budgetary allocation must emphasize on agriculture sector as India's economy is agriculture-driven.

He pointed out that service tax is a new phenomenon and that income tax has become a ‘tool of harassment’ against the common people. Speaking on the positive side of the budget he said it gives much scope for infrastructure development.

Prof G V Joshi, professor in economics in Justice K S Hegde Institute of Management, Nitte, said that union finance minister Pranab Mukharji had admitted that fiscal deficit is on the rise in the fiscal year.