MATS Institute of Management and Entrepreneurship (MIME) organized a panel discussion on the Union Budget 2016-17. The panel consisted of professionals from accounting firms like Ernst & Young, BSR & Co, KPMG, and PwC. The panel discussed the key objectives of the budget, its provisions related to agriculture, manufacturing, services, social sectors, and its potential impact on job creation and other initiatives. While recognizing the budget's focus on rural development infrastructure, the panelists also noted areas that could have been improved.

1. MATS Institute of Management and
Entrepreneurship (MIME)
JGI Knowledge Campus
# 44/4, District Fund
Road,
9th Block Jayanagar,
Bangalore
Karnataka–India – 560
069
For admissions contact
M: +91 98 8667 1816
P: +91 80 4650 1736
For general enquiries contact

2. Unfolding the Underlying Message of Union Budget
2016-17
• MATS Institute of Management and Entrepreneurship organized the panel discussion on “Unfolding the
Underlying Message of Union Budget 2016-17”
• The Finance Bill is traditionally presented in the parliament on the last day of February every year by the
Government of India. This is an important fiscal instrument by means of which the Government communicates
its intentions to the people about managing various economic resources for the development of country and
welfare of people. Provisions for income and expenditure contained in any budget affects the economy,
businesses and the employment scenario. In order to provide an insight into the recently presented Finance Bill
(Union Budget 2016-17), a panel discussion was organized by MATS Institute of Management and
Entrepreneurship (MIME) on March 5, 2016.

3. The panel for the discussion comprised of :
 Mr. Rajendra Nayak, Partner, Ernst and Young (India)
 Mr. Suresh Kumar, Director, B.S.R and Co
 Mr. Pradeep Pandey, Associate Director, KPMG
 Mr. Tejas Shah, Manager, PWC
 Dr. Jitendra Kumar Mishra, Director, MIME

4.  The panel discussion was set in motion by opening remarks of the panelists with regards to the
primary objectives of a union budget and the role of ‘Economic Survey’ which is presented prior
to the budget. Then the panel discussion moved on to capture the expectations from different
stake-holders and the budgetary response to the same. Budget provisions and allocations, and
their implications with respect to Agriculture and Rural Development, Manufacturing, Service
Sector and Social Sector including health and education were discussed elaborately. The
panelists threw light on the impact of the budget on Job Creation and Make in India initiatives.
 The panelists gave their valuable observations with respect to ‘what could have been done
better?’ in the budget, Synthesizing their collective wisdom, the panelists unanimously
recognized the intention of the budget which showed a novel approach for creating
infrastructure for agriculture and rural development that in turn will have long-term impact on
the economy as a whole.

7. About Us
 Founded in 2001, as the first Business School by the JGI Group, MATS Institute of
Management & Entrepreneurship (MIME) is a place where new ideas, teaching
excellence and opportunities converge. Today, MIME is consistently ranked among best
B-Schools in South India from 2003 onwards.
 In a short span of 14 years, the alumni strength of MIME has grown to 1600. MIME
alumni play a variety of roles in Industry from being Branch Managers, Business
Analysts, Business Development Managers, Chief Operating Officers, Customer
Relationship Managers, HR Executives, HR Associates, HR Managers, Image Managers,
Marketing Managers, Project Directors, Regional Managers, Risk Managers to Vice-
Presidents. Companies that have recruited MIME graduates have identified them as
high-flyers and have provided them with special pathways for growth.

8. Contact Us
JGI Knowledge Campus :
# 44/4, District Fund Road,
9th Block Jayanagar,
Bangalore – 560069
For admissions contact :
+91 9886671816
For general enquiries contact:
+91 80 4650 1784
+91 80 4650 1712