Annual Post Budget Talk 2023

02/02/2023 | Completed Event

The Annual Post Budget Talk of World Trade Center was held online.India's foremost Tax Consultants, who is a practicing Senior Attorney in the Hon.Supreme Court of India Mr.Homi P.Ranina was the lead speaker who expressed his views on the proposals by the Hon.Finance Minister.He shared his remarks on the policy front, the implications budget proposals can have on the economy and the people. Excerpts from his speech is given below

*This year's budget should be viewed in the light of a gloomy global scenario
*India in the next three years will be considered as a 'Developed Nation'
*The FM took a pragmatic view to keep the fiscal deficit under control. This will encourage more foreign investors to see India as a potential investment destination.
*The GST collection is remarkable and digitization is helping many to enroll to this tax structure
*The Government's thrust on Agriculture is heartening to see and this will create multiplier effect in the economy. Agriculture itself need to be considered as an Industry itself. India today is the largest producer of vegetables, fruits and flowers. However, lack of adequate infrastructure is a deterrent. The Millet Mission set up by the Government is welcome. The export potential of Millets will rise, and this will bring in money to the farmers which in turn spur the industrial revolution.
*Budget proposals open a lot of opportunities for trade and commerce. The formal economy of India today has increased largely due to the digitization efforts of the Government
*The new tax regime is here to stay
*Budget should be seen as a launchpad to the growth of India and FM has laid a perfect foundation
 
Ms. Rajitha Boorugu, Partner-Indirect Tax .shared her views on the Indirect Tax proposals.
 
The event was organized together with FIEO Southern Region as our Industry Partner, BDO India LLP as the Knowledge Partner and our supporting partner Forum of Free Enterprise.Over 600 people tuned in to listen to the speakers and interact with them.