The interactive session is part of Readers' Connect Initiative and ‘The Voice of Salem'

Industrialists, experts and the general public discussed threadbare about the salient features of the Union Budget, especially its proposals on Income Tax, Central Excise, other taxations and its impact on industries and service sector at the “Budget Talk - 2012” held at Sona College of Technology here on Saturday. The three-hour panel discussion-cum-interactive session was a part of Readers' Connect Initiative, “The Voice of Salem” of The Hindu in coordination with Confederation of Indian Industry (CII) Salem Chapter. The programme sponsored by Vinayaka Missions University and VMKV Engineering College, Salem, with co-sponsors UTI Mutual Fund and SBI Mutual Fund and SIRC-ICAI, saw experts touching upon various aspects of the budget.

A. Dhirajlal, outgoing Chairman, CII Salem District and Secretary, Sona Group of Institutions inaugurated the event. Panel members include R. Suresh, Chartered Accountant, G. Ranganathan and Co, R. Saravanakumar, Additional Commissioner, Central Excise, Customs and Service Tax, Salem, P.K. Srihari, Additional Commissioner, Income Tax, Salem, R. Gunasekaran, Chairman, Salem Branch of SIRC of ICAI, S. Senthilnathan, Chairman, Confederation of Indian Industry, Salem District and S.P. Chockalingam, P.A to Principal, VMKV Engineering College, Salem. The experts warned people of stashing away money abroad without permission, tax evasions, as the budget had brought out provisions to take stringent action against them. The experts also spoke about the provisions of External Commercial Borrowing (ECB), allocations for agriculture sector, intensive skill development, which would pave for growth of the sector.

Readers of The Hindu and citizens of Salem, college students actively took part and expressed their views at the interactive session. Those who raised questions include, Govindaraju, Agriculturist from Attur, R. Baskar, Chartered Accountant, T. Udhayakumar, District Secretary, CITU, Salem and others.

R. Premanand, Regional Manager, Circulation, The Hindu , Salem welcomed the gathering. A. Balaji, Assistant Regional Manager, Advertisement, The Hindu , Salem proposed vote of thanks.