Media Events - Ernst & Young - India

Deciphering the Direct Tax Code

On 12 August 2009, the Finance Minister tabled the new Direct Tax Code (DTC) in front of the denizens of the country, to contribute and share their thoughts to what is being viewed as the most awaited change in the Indian taxation system. The proposed DTC would replace the existing direct tax legislations constituted by the Income Tax Act, 1961 and the Wealth Tax Act, 1957.

In order to channelize the thoughts of India Inc, Ernst & Young conducted a series of seminars, Deciphering the Direct Tax Code across various part of the country. These sessions were part of our initiative to provide a platform to India Inc. to understand and analyze the impact of the DTC while also engage them in a constructive way to share their thoughts with the Government of India. The technical sessions were lead by a senior panel of specialists from our Tax & Regulatory Services practice. The discussions served as an opportunity for India Inc. to closely examine implications of these announcements on the economy, industry and individual and at the same time get experts’ opinion on issues affecting the corporate sector.

Ernst & Young hosted the 6th quarterly ME Share!

The 6th quarterly ME Share! CFO forum was held in Mumbai on 26 August and in Delhi on 27 August. Topics discussed at the forum included new developments in taxation specifically Goods and Service Tax (GST) and Limited Liability Partnership (LLP) and their implications on M&E companies.

The Mumbai session was attended by CFOs from Bennett Coleman & Co Ltd, Walt Disney, UTV, Indian Film Company, Sony Pictures, Midday and Endemol, among others. Participants from companies such as Turner, Star News, TV Today, Rajasthan Patrika, Cybermedia and Airtel DTH were present at the Delhi session.

Budget Impact 2009

Ernst & Young hosted the annual Budget Impact 2009 event which was attended by clients across eight locations in India.

This year, along with senior Ernst & Young leaders, prominent luminaries like Dr. Shankar Acharya (former Chief Economic Advisor, Government of India), Mr. Mahesh Vyas (MD and CEO - Centre for Monitoring Indian Economy), Dr. Ishwar Hegde (Chief Economist, Suzlon), Mr. P. K. Maheshwari, (Group CFO, Bharat Forge) and Mr. Ameet Desai (Executive Director, Mundra Port and SEZ Ltd.) shared their valuable insights with the audience.

Click here (pdf, 430.6kb) to download Ernst & Young's annual budget publication India Budget 2009.You can also read our published Budget thought leadership series here.

Insurance summit - 30 September 2008, Mumbai

Ernst & Young partnered with the Confederation of Indian Industry for the 11th Insurance Summit. The event focussed on the development of the Indian insurance industry. The event was attended by key players from the industry including senior management, chief operating officers, chief actuaries, risk managers, distributors and agents.

Click here to download the report.

ICC MUTUAL FUND SUMMIT 2008 - 9 August 2008, ITC Hotel The Sonar Kolklata

Current Trends & Future Prospects

The Indian asset management survey explores core drivers influencing the mutual fund industry and describes the opinions of asset managers on trends impacting their business.