After a bout of torrential rain, Dubai has bounced back like no other city, with automotive events being organised in full swing and big announcements being made
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Indian business community based in the UAE turned up in huge numbers at Abu Dhabi Global Market to participate in a panel discussion on India's Budget 2017 on Saturday evening.
Khaleej Times and its partners, the Institute of Chartered Accountants of India (Abu Dhabi Chapter) and the Indian Business and Professional Group, brought the UAE's best business brains together with regulatory and taxation experts to explore the vision behind India's Budget 2017.
Moderated by media personality Shazia Ilmi, our distinguished panel of experts included Supreme Court of India advocate Homi Ranina, NMC Group's B.R. Shetty, LuLu Financial Group's Adeeb Ahamed and Deloitte's Jimit Devani.
They hailed India's Finance Minister Arun Jaitley's budget as a game-changer and a reform- and growth-driven roadmap to catapult the economy to a higher growth trajectory. They discussed in great detail how the budget would impact businesses in the UAE and how changes in personal and corporate tax rates would affect us.
Hundreds from the business community participated in the event and established India's roadmap for the future.
Here are the highlights from the panel discussion held in Abu Dhabi:
It's a wrap! A token of appreciation for our esteemed panelists.#Budget2017 #KnowYourKT pic.twitter.com/7fnOYfFRX9
- Khaleej Times (@khaleejtimes) February 4, 2017
And it's a wrap! The last question is now being taken at #khaleejtimes discussion on #India's #Budget2017 #KnowYourKT pic.twitter.com/S3NaGIOPhI
- Khaleej Times (@khaleejtimes) February 4, 2017
I'm building a hospital in #India for women and children that won't charge for its services to the poor: BR Shetty#Budget2017 #KnowYourKT pic.twitter.com/jhPrDJPTgU
- Khaleej Times (@khaleejtimes) February 4, 2017
If every Indian becomes honest, we will collect thrice the amount of money at the current rate of taxes: Ranina
KnowYourKT #Budget2017 pic.twitter.com/L0FbE1EFU4
- Khaleej Times (@khaleejtimes) February 4, 2017
I don't think in #India there's a possibility of global income being taxed: Ranina#KnowYourKT #Budget2017
- Khaleej Times (@khaleejtimes) February 4, 2017
GDP will rise after the parallel economy comes to a halt: Ranina#KnowYourKT #Budget2017 pic.twitter.com/Ly63Ws2NjR
- Khaleej Times (@khaleejtimes) February 4, 2017
Demonitisation and digitisation will be responsible for the success of GST. A lot of revenues will come in: Ranina #KnowYourKT #Budget2017
- Khaleej Times (@khaleejtimes) February 4, 2017
Earlier the conversations were about Hindus, Muslims and riots. Now they are about rich and poor: Ilmi #KnowYourKT #Budget2017 pic.twitter.com/v5Z99iiE98
- Khaleej Times (@khaleejtimes) February 4, 2017
Today India needs growth in rural development and employment generation: Devani #KnowYourKT #Budget2017
- Khaleej Times (@khaleejtimes) February 4, 2017
Modi had virtually converted the parliamentary form of govt into presidential: Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
The secretary of every department reports directly to the PMO. The PMO has become very powerful: Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
Modi is emerging as the Lee Kuan Yew of #India. He's a very strong and powerful leader: Ranina #KnowYourKT #Budget2017
- Khaleej Times (@khaleejtimes) February 4, 2017
The govt will announce major incentives in the next budget as it'll be before the general election: Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
The next budget is going to be more crucial as it'll be ahead of the general election: Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
Businessmen are too scared to evade taxes now - thanks to Modi : Jimit Devani #Budget2017 #KnowYourKT pic.twitter.com/7fSBVdfOUe
- Khaleej Times (@khaleejtimes) February 4, 2017
If you just pay 1.5% of your income as tax, you can live a peaceful life: Jimit Devani #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
It's a more inward looking budget rather than outward: Ahamed #Budget2017 #KnowYourKT pic.twitter.com/WQK2kRNTxQ
- Khaleej Times (@khaleejtimes) February 4, 2017
Govt is focusing on making our economy stronger rather than international trade: Adeeb Ahamed #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
By 2020, by purchasing power parity, India will be the second largest economy in the world, after China: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
#India has a sound economy that can bring down the fiscal deficit: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
Today there are more billionaire Indians inside #India than outside: Ranina #Budget2017 #KnowYourKT pic.twitter.com/38EvIejZ7w
- Khaleej Times (@khaleejtimes) February 4, 2017
By 2020, Modi wants all Indians to have a concrete house: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
Budgetal deficit keeps falling in India, elsewhere it's rising: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
The whole idea of demonitisation was to bring all the money inside the system: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
#India's current govt wants to double the income of the farmers. No other PM had the courage to say that: Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
India's PM Modi must get full credit for implementing demonitisation: Homi Ranina #Budget2017 #KnowYourKT
- Khaleej Times (@khaleejtimes) February 4, 2017
Parallel economy is what's keeping #India down and not letting it grow: Homi Ranina #Budget2017 #KnowYourKT pic.twitter.com/u9WL7IQrnk
- Khaleej Times (@khaleejtimes) February 4, 2017
"GDP growth rate not that important. India's emergence as a global superpower is: Ranina" #Budget2017 #KnowYourKT pic.twitter.com/j6uK4w2GfO
- Khaleej Times (@khaleejtimes) February 4, 2017
Mr. Homi Ranina, Advocate, Supreme Court of India, speaks at #Budget2017 panel discussion #KnowYourKT pic.twitter.com/MTWgpxFMDm
- Khaleej Times (@khaleejtimes) February 4, 2017
Moderator Shazia Ilmi takes stage #Budget2017
Track LIVE updates >> https://t.co/mx13ksnUHY pic.twitter.com/fPk6EILmmF
- Khaleej Times (@khaleejtimes) February 4, 2017
Panelists take stage for discussing #India's #Budget2017 #KnowYourKT pic.twitter.com/YW2yMlcj1X
- Khaleej Times (@khaleejtimes) February 4, 2017
It's packed! KT brings #UAE's best business minds together for discussing India's #Budget2017
LIVE updates >> https://t.co/mx13ksnUHY pic.twitter.com/iLGDAyC4He
- Khaleej Times (@khaleejtimes) February 4, 2017
The esteemed panelists for today's discussion on #India's #Budget2017 have arrived. Stay tuned! pic.twitter.com/z8KJuxkABy
- Khaleej Times (@khaleejtimes) February 4, 2017
#UAE's top business minds have started arriving for KT's panel discussion on India's #Budget2017. Stay tuned! #KnowYourKT pic.twitter.com/nW1MzCVBS4
- Khaleej Times (@khaleejtimes) February 4, 2017
The stage is set! Khaleej Times panel discussion on India's #Budget2017 will begin shortly
Track LIVE updates >> https://t.co/mx13ksFvzw pic.twitter.com/cRUBzEz6SC
- Khaleej Times (@khaleejtimes) February 4, 2017
Khaleej Times panel discussion on India's #Budget2017 will begin shortly. Stay tuned!!
Track LIVE updates >> https://t.co/mx13ksFvzw pic.twitter.com/tOtOzuzIVn
- Khaleej Times (@khaleejtimes) February 4, 2017
Follow Khaleej Times LIVE panel discussion on India's #Budget2017 #KnowYourKT
Track LIVE updates here >> https://t.co/mx13ksFvzw pic.twitter.com/VEoIY8gY3C
- Khaleej Times (@khaleejtimes) February 4, 2017
Join Khaleej Times' LIVE coverage this evening as we bring the #UAE's best business brains together for a panel discussion on India's Budget pic.twitter.com/d37KGNkBF9
- Khaleej Times (@khaleejtimes) February 4, 2017
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