Amcham event ‘Budget Connect’ , 11 July 2014 – Hyderabad

Budget Connect – the post budget Seminar was held Hyderabad and was sponsored by Ernst & Young.

Mr. Jayesh Sanghvi, Partner, Ernst & Young welcomed the gathering, while thanking Amcham for being part of this session. Jayesh spoke on the Budget Backdrop – Key Policy Announcements, Direct Tax Proposals, Indirect Tax Proposals. He presented a macro view of the Key Performance Indicators. Under the Key Policy Announcements, he spoke of the introduction of Infrastructure INVESTMENT trusts for infrastructure projects, Recapitalization of public sector banks in a phased manner through sale of shares to retail investors, Foreign Direct Investment, Liberalize the ADR/GDR regime to allow issuance of depository receipts on all permissible securities, Dividend and Income Distribution Tax.