A guest lecture on the Union Budget

Nov 14, 2025

Justice K. S. Hegde Institute of Management (JKSHIM), Nitte organized a guest lecture on the Union Budget for first-year MBA students at the Institute’s Auditorium on 14th Novemebr 2025. CA M Sridhar Kamath, Partner, Kamath and Co., Udupi, was the resource person.

CA Kamath provided a detailed overview of the Union Budget of India, explaining it as a vital financial statement crucial for economic management and policy-making. He covered the budget’s evolution and highlighted key historical developments, including India's first Union Budget and major reforms like GST introduction.

The lecture explained the multi-stage budget process, from presentation by the Finance Minister to parliamentary scrutiny, voting and approval, emphasizing transparency and fiscal discipline. He also discussed the Economic Survey’s role in assessing the economy and informed policy decisions. The session addressed budgetary deficits and their implications for economic stability. Overall, the lecture gave students valuable insights into the Union Budget, its significance and its impact on India’s socio-economic development.