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- FICCI Nexdigm Virtual Interactive Session on ‘Post Budget Analysis of Union Budget 2023-24’
Jaipur, 2 February: The FICCI Rajasthan State Council in partnership with Nexdigm SKP India today organized a Virtual Interactive Session on ‘Post Budget Analysis of Union Budget 2023-24’. Experts from various fields analyzed the budget announcements and their impact on Doing Business in India.
The first session included Presentations on Tax Announcements and their implications. Deputy Managing Director, Global Transfer Pricing and International Tax, Nexdigm SKP India, Mr. Maulik Doshi gave a detailed presentation on Budget Proposals on Direct tax. He underlined the key highlights of the budget announcement such as GDP Growth, Fiscal Deficit, FDI inflows, capital expenditure etc. He also threw light on the Direct Tax Proposals and changes in corporate taxation, MSME, Startup Exemption, SEZ and Tax Administration etc. Executive Director, Indirect Tax, Nexdigm SKP India, Mr. Saket Patawari presented on the Budget Proposals on Indirect Tax. He talked about changes in GST and Customs Law. The amendments in definition, penalties and offence, decriminalization of offences etc. were discussed.
The second session was themed on ‘Union Budget 2023-24: Key Takeaways and Way Forward’. The session saw the participation of Co-Chair, FICCI Economist Forum and Chief Economist, CRISIL Ltd., Mr. DK Joshi; Chief Economist, YES Bank, Mr. Indranil Pan; MD & CEO, Sangam India Ltd, Mr SN Modani and Head, Taxation, AM/NS India, Ms. Anuprita Mehta. The session was moderated by Managing Director, Direct tax, Regulatory Services and Transfer Pricing, Nexdigm SKP India, Mr. AK Viswanathan. The experts discussed long term as well as short term effects of the budget on the economy and its various stakeholders such as private investors, exporters etc. Impact of external factors such as the Covid-19 Pandemic and the Russia Ukraine conflict was also highlighted.
Earlier, Chair, FICCI Rajasthan State Council and CMD, Mandawa Hotels, Mr. Randhir Vikram Singh giving an overview of the budget said that it is a forward looking and growth oriented budget that will strengthen the drivers of long term development. It will help in sustaining higher pace of growth as well as support livelihood across sectors.
There was also a Q&A round with the audience members in which the experts resolved the queries of the viewers with their meaningful insights.
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