Briefing on India’s 2014 Budget
Join Asia House for an exclusive roundtable discussion, held under the Chatham House Rule, on India’s 2014 Budget and its impact on the rest of the world with Richard Rekhy, CEO, KPMG India and Jaspal Bindra, CEO, Standard Chartered Bank Asia.
The Government of India’s new Prime Minister Narendra Modi presented its inaugural budget on Thursday 10 July with the aim of increasing investment, improving infrastructure and reviving manufacturing. Arun Jailtley, the Finance Minister, promised to lift economic growth to seven or eight percent within three years and to limit the budget deficit to 4.1 percent of GDP.
Highlights of the 2014 Indian Budget include:
- Raising the foreign direct investment caps
- Easing tax treatment for foreign investors
- Maintaining the fiscal deficit target
Richard Rekhy was appointed CEO of KPMG India in 2012. Prior to this he served as the Deputy Chief Executive Officer and Head of the Advisory practice in November 2009 and held the position of Chief Operating Officer for KPMG in India from June 2006 to November 2009. Mr Rekhy served as the Head of the Risk Advisory Services Practice at KPMG India from April 2004 until June 2006. He has serviced clients across sectors including advertising, oil and gas, industrial and consumer markets and specifically in the pharmaceuticals, technology, manufacturing and retail domains.
Jaspal Singh Bindra was appointed as Group Executive Director to the Board of Standard Chartered Plc in January 2010. He is based in Hong Kong and is the Executive Director & Chief Executive Officer, Asia. He joined Standard Chartered in 1998 and has held senior positions in the Group. Before joining Standard Chartered, Mr Bindra was with UBS Investment Banking. He is an independent non-executive director of Reckitt Benckiser Group plc. He sits on the Board of Governors of XLRI Business School, is a member of the City of London Advisory Council for India and is a Board Director of US-India Business Council.
This event is open to representatives of Asia House Corporate Members only
To register or for further information, please contact:
020 7307 5439