Analysis of the Union Budget 2021

Overview

The Government of India has been quick to react with targeted measures to arrest the fall of India’s GDP growth which is the worst in 4 decades. The after effect of this are already being felt on lives, livelihood and growth.

While it is expected for the Finance Minister to unravel a pragmatic budget, one should expect a policy plan that will promote growth drivers, ease distress, bolster livelihoods and encourage create a resurgent India that is both inclusive and self-sustaining. The need for fiscal support to lift the economy is paramount and a clear roadmap has to be put in place to fast-track existing projects that can kick-start a virtuous cycle of revenue, job-creation and investments.

Keeping this in mind, this webinar will deliberate on the Union Budget with regards to tax impact/changes and how they fare for the economy. Industry leaders will share their views on the current budget, their expectations and how they feel India could reel out from the crisis that came about due to the pandemic and emerge as an engine for global economic growth.

Speakers

Abhinav Srivastava
Partner Indirect Tax
BDO India

Deepak Bhalla
Senior Vice President (Finance) & Global CFO (Consulting, BPO & Products)
Infosys

Jiger Saiya
Partner & Leader Tax & Regulatory Services
 

Preet Dhupar
Chief Financial Officer
IKEA India

Soumen Ray
CFO
Bajaj Auto

Vikas Wadhawan
Group CFO
PropTiger.com, Housing.com & Makaan.com

Agenda

03.00 – 3.05

 Opening Remarks by ET Edge

03:05 – 03:15

Budget Overview

Jiger Saiya, Partner & Leader Tax & Regulatory Services – BDO India

03:15 – 03:55

Panel Discussion | Analysis of the union budget 2021

Moderator: Jiger Saiya, Partner & Leader Tax & Regulatory Services – BDO India

 Panellists:

  • Abhinav Srivastava, Partner Indirect Tax – BDO India
  • Deepak Bhalla, Senior Vice President (Finance) & Global CFO (Consulting, BPO & Products) – Infosys
  • Preet Dhupar, CFO – IKEA Group India
  • Soumen Ray, CFO – Bajaj Auto
  • Vikas Wadhawan, Group CFO – PropTiger.com, Housing.com & Makaan.com

03:55 – 04:00

 Closing remarks by ET Edge
Abhinav is a Partner with the Indirect Tax practice and operates out of Hyderabad office.​Prior to joining BDO in India, Abhinav worked with larger accounting firms and has over 12 years of experience specialising in Indirect Tax. ​He has worked on several assignments in the areas of tax structuring, due diligences, diagnostic reviews, litigation across various sectors like IT/ ITeS, pharmaceuticals, healthcare, media, education, etc.​Abhinav is also actively involved in advocacy with policymakers representing various industry associations and chambers.​He has also authored various articles pertaining to Indirect Tax in tax related publications.
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A Chartered Accountant by profession, Deepak started his career with the JK group in their corporate finance team at the start of 1996. He joined Infosys Ltd. in 1998 as a functional consultant in the company’s core business of software development. Thereafter, he moved to the IT team of Infosys and was responsible for creating and maintaining Infosys financial systems.

He moved back to his core area of finance in 2012 and has played various roles within the finance organization including the role of unit financial controller, head corporate accounting and Chief financial officer of Infosys BPM.

Currently a senior vice president, Deepak is responsible for Business finance, Revenue Assurance and is the global CFO for all Infosys subsidiaries.

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Jiger is a Partner and Leader with the Tax & Regulatory practice.​He operates out of Mumbai office and has over 16 years of professional experience in handling Domestic Tax, International Tax and Transfer Pricing engagements.​Jiger has led several large engagements in India and Internationally across diverse industry verticals like Auto Ancillary, Engineering Services, Information Technology, Manufacturing, Pharmaceuticals, Shipping & Logistics, etc.​ Jiger has contributed to several Indian business newspapers and professional magazines. He has also been speaker for tax topics at several local and national forums. He is part of tax committees at various professional forums. He has been a faculty for tax at a reputed Indian Business School.
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Preet Dhupar, chief financial officer at IKEA Group India, has been with IKEA for more than 6 years. Preet is part of the senior leadership team of IKEA India and has played a key role in the entry of IKEA in India with its first store opening in Hyderabad in 2018; and in developing and implementing IKEA’s expansion plans in India. Preet leads the sustainability agenda for IKEA India. She is one of the board members of IKEA India and an important part of all strategic and business dialogues.

With strong background in finance, Preet, with her team is responsible for all aspects of finance and tax, planning and analysis, business partnering, legal, risk and compliance IKEA India. She plays an active role in dialogues and conversations with the government on policy topics that impact retail business and investments in India, contributing to bringing positive change in the business environment. Earlier in her career, she has worked with BBC Global News, Tata Donelly, KPMG and enjoys traversing the journey from strategy to implementation; from concept to operations and building long term sustainable businesses in India.

Preet is a chartered accountant with a Bachelors’ degree from Sri Ram College of Commerce. She strongly believes in education and child development and has been associated with ChildLine and Enactus for few years now. She has been an active & awarded fund raiser for charity through the Delhi Half Marathon for couple of years now.

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A Chartered Accountant with 22 years of experience. Have worked in business partnering roles in the two largest FMCG companies in India which was preceded by a 6 year stint in another FMCG company with hands on experience in Management Accounting, Factory Accounting, Treasury, Planning and Corporate Accounts. That was followed by a stint in Media & Entertainment leveraging the composite knowledge and experience to implement best practices of processes, approach and partnering in a relatively new industry while learning the challenge of managing intangibles. Now learning the ropes of the automotive sector with large exposure to Forex and investment
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Vikas is a Chartered Accountant and CPA (USA) with extensive experience in Mergers & Acquisitions, Business Partnering, Fundraise, Capital Structuring & Investor Relations. He is an innovative results driven leader in the digital industry and has a sharp strategic vision and simultaneously embraces the financial and commercial elements of running a business.

Joined PropTiger.com as part of the founding team in 2011, Vikas has more than 18 years of experience in financial management. He has been instrumental in the organic and inorganic growth of PropTiger.com Group. He has extensive exposure in fostering robust growth and transforming brands through strategic thinking and restructuring. In the Last 10 years he has been associated with the tech start-ups and participated in scaling the business from the early stages.

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