Business Advisor

(Fortnightly inputs for professionals and executives)

Post-Budget 2013 Special

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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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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
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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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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!
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Published by: Shrinikethan, Chennai http://bit.ly/ShriMap Edited by: D. Murali http://bit.ly/dMurali http://bit.ly/TopTalk Post-Budget 2013 Special Post-Budget 2013 Special 8 Business Advisor