The Union Budget analysis at Bombay Stock Exchange

By Zeba Warsi
From KC College, Mumbai
Posted Mar 5th 2013 10:00PM

Life as a Bachelor's of Mass Media student has its share of perks and to be a KC College BMMite is double the perks. KC BMM gives its students ample of opportunities to interact with people from the industry and also hones their skills and talents in the best possible way. KC BMM is known to favour practicality over theoretic education. Staying true to its reputation, a day trip to the Bombay Stock Exchange was organized by KC College Bachelor's of Mass Media,to enable the TYBMM journalism students to understand the financial workings of BSE, which forms a small segment of the syllabus of a 6th Semester subject- Business Journalism.

What really made the visit memorable and enlightening was being a part of the interactive audience of IndiaInteracts, a talk show on Rajya Sabha TV which analyzed the Union Budget 2013-2014 which was recently announced by Union Finance Minister P. Chidambaram. Amongst the distinguished personalities on the panel, was renowned Economist Dr. Ajit Ranade, who made some valid arguments on the budget and also graciously answered all the questions from the young audience.

"We must note that everybody expected this budget to be a populist budget considering the upcoming 2014 elections, but the Finance Minister has proved them all wrong. This budget is a balanced budget which aims at fighting deficit and also bringing about a higher Gross Domestic Product rate. Let's wait and watch whether the Finance Minister success in the goals he has set for himself through Budget 2013," said Dr. Ajit Ranade, Chief Economist, The Aditya Birla Group.

The discussion also analyzed what this budget has in store for students. The Finance Minister has allocated Rs. 65000 crore for the field of education. However, this does not translate to easier and low interest education loans but will hep implement primary and secondary education schemes.

Talking about the BSE visit, Riddhi Jadhav, a Third Year BMM student, says, "It was very informative and thanks to my college I actually got to visit the high security place which I have always seen only in News Channels. The interactive session was very interesting and added a lot to my knowledge. I will definitely be able to attempt the Budget analysis question in our upcoming final exams!"

All in all, this day trip to the financial hub of Mumbai proved to be very insightful for the students.

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