business advisor - post budget 2013 special - preview copy
DESCRIPTION
Post-Budget 2013 reactions of business leaders across industry sectors, towards tax and economic proposals announced by the Indian Finance Minister on February 28, 2013.TRANSCRIPT
Post-Budget 2013 Special 1 Business Advisor
Business
Advisor (Fortnightly inputs for professionals and executives)
Post-Budget 2013 Special 2 Business Advisor
Post-Budget 2013 Special
with reactions from business leaders
Abhishek Goenka, Founder & CEO, India Forex Advisors
Abraham .E Fr, SJ, Director of XLRI
Aditya Bafna, Executive Director, Shree Shubham Logistics Ltd
Aggarwal .D .K, CMD, SMC Investments & Advisors Ltd
Ambarish Gupta, CEO, Knowlarity Communication Pvt. Ltd
Anand .P .C, Chakravarthy Associates
Anand Sundaresan, Managing Director, Schwing Stetter
Anirudh Dhoot, President – CEAMA & Director, Videocon.
Anjan Bose, Secretary General, Healthcare Federation of India
Ankur Bhatia, Executive Director, Bird Group and Member, CII National
Committee on Civil Aviation
Arora .R .K, Chairman & Managing Director, Supertech Ltd.
Ashwin Ajila, Founder & M.D. iNurture Education Solutions Pvt. Ltd.
Boman R. Irani, CMD, Rustomjee Group
Debasis Chatterji, CEO, Netxcell Ltd
Deep Kapuria, Chairman, CII National Committee on MSME and Chairman,
Hi-Tech Gears Ltd
Deepa Doraiswamy, Industry Manager, Electronics & Security Practice,
Frost & Sullivan
Deepak Kaistha, Managing Partner, Planman HR
Devendra Pant, Chief Economist & Head Public Finance, India Ratings
Dinesh Advani, President, Hotel & Restaurant Association, Western India
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Disclaimer: "Management and editors do not necessarily agree with the
views of the authors in their articles and of the readers in their letters,
and of the query editors in their replies. The editors, authors and / or
publishers shall not be responsible for any kind of result generated out
of any action taken on the basis of suggestions, etc., made in any of the
write ups, interviews contained in any part of the magazine or for any
error, omission, commission to any person, whether subscriber or
otherwise. The copyright of all the materials printed herein including
articles, queries and replies etc., rests with the publishers".
Post-Budget 2013 Special 3 Business Advisor
Dinesh Kanabar, Deputy CEO, KPMG in India
Dinesh Thakkar, Chairman & Managing Director, Angel Broking
Dogra .D .R, MD & CEO, CARE Ratings & Research
Ganesh Vasudevan, IndiaProperty.com
Gaurav Aggarwal, Founder and CEO, Savaari Car Rentals
Gaurav Gupta, Spokesperson, Raj Nagar Extension Dvelopers’ Association
Grant Thornton in India
Harkirat Singh, MD, Woodland
Hemal Zobalia, Partner Tax, KPMG in India
Jessie Paul, CEO, Paul Writer
Kekoo Colah, CEO, Shapoorji Pallonji Real Estate
Kiran Murthi, CEO of getitBazaar.com
Kunj Bansal, CIO, Sanlam India
Lakshman Rao
Laxmikanth .V, Managing Director, Broadridge Financial Solutions
Lowell Paddock, President & Managing Director of General Motors India
Malvinder Mohan Singh, Chairman, CII (NR) and Executive Chairman,
Fortis Healthcare Ltd
Manoj Paliwal, Chief Financial Officer, Omkar Realtors and Developers P Ltd
MMJC Advisory Pvt.Ltd
Nabin Ballodia, Partner Tax, KPMG in India
Naresh Makhijani, Partner Tax, KPMG in India
Naveen Mathur, Associate Dir - Commodities & Currencies, Angel Broking
Nayan Shah, President (Operations), Neptune Group
Neeraj Bansal, Director, KPMG in India
Nishith Desai Associates
Om Chaudhry, Chairman & CEO, Astrum Homes, Founder, FIRE Capital
Parizad Sirwalla, Partner Tax, KPMG in India
Pramoud Rao, MD-Promoter, Zicom Electronic Security Systems
Pranab Datta, Chairman, Knight Frank India
Pratik Jain, Partner, Indirect Tax, KPMG in India
Preenand Premachandran, CEO, Hebron Properties, Bangalore
Premlesh Machama, Managing Director, CareerBuilder India
Prithviraj Kothari, MD, RiddiSiddhi Bullions Ltd
Purushotama Reddy, Vice President, Finance & Legal, Omega Healthcare
Post-Budget 2013 Special 4 Business Advisor
Pushpa Bector, Sr Vice President, (Leasing and mall Head) DLF Mall of India
PricewaterhouseCoopers
Rajesh Kumar Yadav, MD, R-Tech Developers
Raman Kumar .V, Chairman, Aeries Group
Ramana Akula, CFO, Pearson India
Ramesh K. Vaidyanathan, Partner, Advaya Legal
Ramesh Loganathan, VP Products and Center Head, Progress Software
Rana Kapoor, Founder & CEO, YES Bank and President (Elect), ASSOCHAM
Riad Joseph, Tax Partner - Education practice, Ernst & Young
Richard Rekhy, CEO, KPMG in India
Rohan Siroya, Director, Legend Siroya Realtors
Rohtas Goel, CMD, Omaxe
Sanjay Rastogi, Director, Saviour Builders Pvt. Ltd.
Shankar Jaganathan
Srinath Manda, Program Manager, Transportation & Logistics Practice,
Frost & Sullivan
Srinivasan Gopalan, Chief Operating Officer, The Wadhwa Group
Srinivasan H.R., Vice Chairman & Vision Holder, TAKE Solutions
Sudhindra Holla, Country Manager, Axis Communications India
Sujay Kalele, Group CEO, Kolte-Patil Developers Ltd
Suman Reddy, Vice President and Managing Director, Pegasystems
Sumit Berry, MD, BDI Group
Suraj H. Asrani, COO, Cornerstone Properties, Bangalore
Suresh Surana, Founder, RSM Astute Consulting Group
Swaminathan .V
Swamy Associates
Gagan Banga, CEO, Indiabulls
Vaidhyasubramaniam .S, Dean, SASTRA
Vandana Luthra, Founder & Mentor, VLCC
Venkatesh .P, Director - Innovation, Maveric Systems
Vinayak Chatterjee, Chairman, CII National Task Force on Infrastructure
Projects – Monitoring and Advocacy
Vineet Agarwal, Director Tax, KPMG in India – on personal Tax
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Post-Budget 2013 Special 5 Business Advisor
Forex
Abhishek Goenka, Founder & CEO, India Forex Advisors
The much-awaited annual budget did not prove to be a
great surprise, for which the markets were eagerly waiting
especially before the general elections. The budget was
very conservative with limited modifications in spending,
income tax and investment reforms. Concerns have been
expressed on high current account deficit, inflation and
slowing growth but no clear roadmap was shown by the
FM which was taken quite negatively by the local market
which slipped by almost 200 points. Rupee also
depreciated majorly from 53.65 levels to 54.40 levels. There was also an
overall acceptance of the fact that inflows are crucial and the country needs
more than $75 bn this year and next year to manage its CAD. We have also
not seen a substantial improvement in the overall roadmap which should
make the rating agencies revise their outlook on Indian finances
immediately. It was a more of a ‘buy the rumour sell the news’ event which
ultimately directed the markets and the rupee to its real fundamentals.
Overall India Forex still maintains its weaker outlook on rupee in the days
to come with rupee targeting 55 levels soon.
Entrepreneurship
Fr E. Abraham, SJ, Director of XLRI
With Incubators set up by companies in academic
institutions qualifying as Corporate Social Responsibility
(CSR) activity, entrepreneurship in higher education
institutions will get a major boost. XLRI as a respected
management institution looks forward to welcoming
forward-thinking organisations to set-up incubators in
our campus. With the economy getting more mature it is
imperative that entrepreneurs are encouraged to help
shape a vibrant economy and sustainable future….
(Total number of pages in the special issue: 74)
Business Advisor thanks the
business leaders for the inputs!
Post-Budget 2013 Special 6 Business Advisor
Post-Budget 2013 Special 7 Business Advisor
Post-Budget 2013 Special 8 Business Advisor
Published by: Shrinikethan, Chennai http://bit.ly/ShriMap
Edited by: D. Murali http://bit.ly/dMurali http://bit.ly/TopTalk
Post-Budget 2013 Special