February 15, 2025
Special Session UNION BUDGET - 2025-26 and Its Impact on Economy
Shri Rishabh C. Khothari, CEO, CKC Fragrances and Flavours Pvt. Ltd., President, The Hindusthan Club and CA Krishna Kumar Chhaparia, Practicing Chartered Accountant were the Guest of Honour at the Session.
Shri Rishabh C. Kothari in his address said “The Union Budget 2025 strikes a balance between fiscal prudence and economic stimulus”. The increased income tax relief to the middle class, will boost consumption. The focus on infrastructure, manufacturing and FDI liberalization is a positive step toward long term growth and job creation. The government’s commitment to reducing the fiscal deficit while prioritizing inclusive development reflects a responsible approach. Overall, it is a forward-looking budget that lays a strong foundation for sustained progress. Shri Kothari emphasized one needs to be discerning about inflationary effect of the budget. He said consumers spending in cities and in rural areas can be different. City dwellers will be spending on necessities while rural residents can go for more savings. He appreciated budgetary provision to promote MSMEs, Startup. Shri Kothari said various provisions in the budget are growth oriented but one needs to recognize complexities and challenges during implementation of budget.
Shri Krishna Kumar Chhaparia in his address highlighted various provisions in budget for promoting MSMEs, Startups. Shri Chhaparia spoke in detail on introduction of New Income Tax Bill in Parliament and changes in GST rules. Shri Chhaparia emphasized on merger and amalgamation provisions in the budget. He presented analysis of Union Budget as analysis of Corporate Balance Sheet in a unique style. Decriminalization of various provisions of Income Tax laws will help tax payers in a big way.
February 06, 2025
Special Session on Promoting India - Philippines Partnership
H.E. Mr. Josel Francisco Ignacio, Ambassador of the Republic of Philippines in India was the Chief Guest and the Guests of Honour were Mr. Deepak Kumar Khemka, Hony. Consul General, Republic of Philippines in Kolkata, Ms. Melissa Telan, Third Secretary and Vice Consul of the Embassy of Philippines in India and Mr. Eugenio C. Elevado, Jr., Commercial Counsellor of the Embassy of Philippines in India.
H.E. Mr. Josel Francisco Ignacio said he was very pleased to attend two day Bengal Global Business Summit 2025 in Kolkata as well as explore scope and opportunities of doing business with various corporate houses in West Bengal. Philippines and West Bengal can promote cooperation and collaboration in development of fisheries industry, especially tuna fish industry. Philippines is interested to import fish meal from West Bengal as well as other parts of India which is used as fertilizers in agriculture.
Philippines issue e-Visa to Indians and it is fully operational and any Indian can apply for e-Visa from anywhere in India. Philippines is interested to welcome Indians tourists.
Around May, 2025 direct flight between India-Manila route is expected to begin which will be operated by Air India has stated by H.E. Mr. Josel Francisco Ignacio.
Philippines and India have relationship based on shared values such as vibrant, democratic polity, pluralistic society, rule of law, and independent judiciary, free space and the wide spread use of the English language.
Philippines has recently taken over the three-year rotating “Country Coordinator-ship” of ASEAN India relations. Philippines appreciates India’s recognition of ASEAN Centrality. India and Philippines multi-dimensional defence cooperation is deeping with sell of Brahmos missiles by India to Philippines.
India's act east policy initiative in 2014 boosted the relationship with Philippines as well as diversified into political security, trade and industry and people to people relation. With evolving security needs of Philippines - India cooperation in areas of foreign policy, security, defence, trade, finance, tourism, health, agriculture, people to people relations and culture are expected to deepen and strengthen.
January 16, 2025
Special Session Traditional Investing VS Dynamic Investing - new Paradigm
Mr. Sandeep Tandon, Founder & Chief Investment Officer, Quant Mutual Fund was the Guest of Honour.
Shri Sandeep Tandon in his address said in evolving socio-cultural, economic scenario, investment in flexible return financial products are better option than traditional financial products like fixed deposit or real estate. Shri Tandon suggested one needs to plan one’s short, medium, long term investment taking into consideration one’s short, medium, long term objectives of live and needs.
In financial market, wide range of flexible return financial products are available. Shri Tandon suggested one needs to do proper analysis before investing. While investing in any high return flexible financial product one should consider various risk factors also.
February 15, 2025