Union Budget Conclave 2025, an insightful event was organized by World Trade Center Bhubaneswar in collaboration with XFin - The Finance Association of XIMB. The event brought together experts from the field of finance and taxation to discuss the implications of the latest budget on the economy, businesses, and consumers.

The conclave began with a ceremonial lamp-lighting, marking the auspicious start of the event. Following this, the event launch video set the stage for the upcoming discussions. The distinguished panel comprised notable subject matter experts: CA AK Sabat (Founder, A.K. Sabat & Co.), Mr. Sanjay Kumar Das (Director, Hari Udyog Balasore), and CA Tarun Agarwal. Each of the speakers shared their valuable insights on the impact of the 2025 budget.

The moderator for the session, Prof. Subha Kant Padhi (Professor of Accounting, XIM Bhubaneswar), introduced the speakers and invited them to present their views on the key aspects of the budget. The discussion covered a wide range of topics, including taxation, economic growth, and financial stability, providing the audience with a well-rounded perspective on the budget's potential effects.

CA Tarun Agarwal, Managing Partner, TK Agarwalla & Co. emphasized the importance of input tax credit, which he described as the backbone of the Goods and Services Tax (GST) system. He outlined how the provision remains a critical and contentious area in the current fiscal framework.

Mr. Sanjay Kumar Das, Director, Hari Udyog and President, BCIC provided an optimistic outlook on the economy, pointing out that the increased tax rebate of up to 12 lakhs would result in greater consumer spending. This boost in consumption, he noted, would positively impact industrial capacity and stimulate investment growth.

CA AK Sabat, Founder, A.K. Sabat & Co. discussed how the 2025 budget is strategically aimed at driving employment opportunities. He highlighted that the provisions of the budget are designed to enhance disposable income for consumers, thereby fostering economic growth.

The session also included a lively Q&A, where attendees interacted with the panellists, further exploring various facets of the budget. The engaging conversation allowed for a deeper understanding of the financial policies and their implications on various sectors of the economy.

The session concluded with the presentation of mementos to the speakers as a token of appreciation for their contributions. The coordinator of X-Fin then delivered the vote of thanks, expressing gratitude to the speakers, attendees, and organizers for making the conclave a success.

The Budget Conclave 2025 was a highly enriching event, leaving the audience with valuable insights into the budget’s impact on taxation, economic expansion, and financial stability. The distinguished panellists provided a comprehensive analysis, which helped attendees understand the broader implications of the budget on the nation’s economic trajectory. The event’s success underscores the importance of such platforms in fostering knowledge exchange and informed discussions on critical financial matters.

The event was held on 8^th February 2025 at Auditorium, XIMB Bhubaneswar.