Importance Of Union Budget For Management Students: Heritage Business School Organizes Event

Heritage Business School is a premier business school in India. Recently, on 28th February 2015 the elite B-school aired the Union Budget for their students to give them a hands-on experience of analyzing the budget which is a must do for any future corporate worker.

This provided a platform to the students to gauge the importance of this mammoth task of the Indian Government. Following the airing, the provisions of the budget and the implications arising from them were discussed by the faculty members. Prof.Sitangshu Khatua and Ms.Swagata Sengupta explained the budget to the students and interacted with them.

A Mammoth Task

The Union Budget is a mammoth task that is carried out by the Government every year. This is basically an elaboration of the balance of accounts of the Government’s treasury. India is a federal country where the Centre has the authority to distribute the finances among the States.

The Government earns revenue in the form of taxes and spends money for essential development activities. This money needs to be recorded and assessed so that there is a balance between the capital inflow and outflow. This is achieved by having a budget.

Interaction With Students

This unique airing has provided an opportunity for students to learn about the Budget. It is well known that every management student needs to learn about the Budget as it provides the essential elements of economics and commerce to the students.

Not knowing about the Budget is sacrilege for an MBA student and this special screening will provide them with the necessary knowledge and expertise that will help them understand the nuances of the balance of accounts.

According to a spokesperson of the renowned business school, the unique interaction that the students had with the faculty provided them with the opportunity of learning more about the budget by having their queries answered.


A Holistic Experience

All this shows that education at Heritage Business School is a holistic experience that will help a student get the best out of the renowned institute.MBA education is not about bookish knowledge but it is more about practical experiences that make learning a pleasure.

This fact is reflected in the pedagogic activities that are undertaken by the business school that help in inculcating the right mix of theory with practicals and projects that make students ready for the corporate world. All these factors go a long way in ensuring their success.


Live Telecast of Budget Presentation at HBS

20150228_113812To enable the students to gain first hand information on the provisions of the Union Budget 2015, a live telecast of the budget presentation of the Honourable Union Finance Minister Shri Arun Jaitley was arranged from 11:00 AM on February 28, 2015. The provisions of the budget and the implication thereof were explained to the students by Prof. Sitangshu Khatua and Ms. Swagata Sengupta.


SAARC Conclave at Heritage Business School

DSC_0058Heritage Business School, Kolkata – adjudged the 4th in Eastern India and 30th among private B-schools in India, organised a Conclave on February 24, 2015 at Heritage Campus. The Theme of the Conclave was “Education and Cultural Co-operation among SAARC Countries”.

Inaugurating the Conclave, His Excellency Shri Keshari Nath Tripathi, Honourable Governor of West Bengal lauded the efforts of the Kalyan Bharti Trust and the Heritage Business School in disseminating high quality of Education at affordable prices as well as carrying out a number of Social Responsibilities . Shri Partha Chatterjee, Honourable Minister of Education, Govt. of West Bengal stressed on the SAARC resolution to remove illiteracy from the SAARC Region and promote exchange of students and Faculty between SAARC Member Countries. Shri Vivek Kumar IAS, Principal Secretary, Department Of Higher Education, Govt. of West Bengal traced the firm resolution of SAARC Countries to include co-operation in education with the establishment of a Technical Committee on Education in 1989. Since then, during each Summit, the participating Heads of State or Government have stressed on improvement of co-operation in Education and Culture among Member Countries, establishment of Fellowships, recognition of Educational Degrees and Distinctions in the field of Higher Education and promotion of Research in areas of Fundamental and Applied Research.

A Panel Discussion on “Awareness of the Educational Facilities and the Cultural Heritage of the SAARC Countries” was held as a part of the Conclave. The Panelists were :

  1.   Dr. Abhijit Sen, Hony. Consul, Consulate of Sri Lanka
  1. Shri Sitaram Sharma, Hony. Consul of Belarus and Chairman, Executive Council, Maulana Abdul Kalam Azad Institute of Asian Studies as the Moderator
  1. Shri Phuntsho Dukpa, Bhutan Deputy Consul
  1.     Dr. Malayendu Saha, Vice-Chairman, West Bengal State Council of Higher Education

 In his Welcome Address, Shri H.P.Budhia, Chairman Heritage Business School, welcomed the Dignitaries. He outlined the efforts being made by Heritage Business School in the field of Management Education. The Entrepreneurship Club of Heritage Business School , while training the budding Entrepreneurs, also acts as an Incubation centre for Projects accepted for Incubation, including providing the seed capital. Shri H.K.Chaudhary, Chairman Kalyan Bharti Trust, which runs the Heritage Group of Institutions, outlined the High Quality of Education being delivered by the Heritage Group of Institutions,viz. The Heritage School, Heritage Business School, Heritage Institute of Technology and The Heritage Academy.