Post Budget Analysis by KNAV

Episode Duration:
90 minutes

Episode Background:
"The budget represents a silent and unheralded revolution in economic policy and fiscal thinking. The monumental task of redesigning India has begun. It affords a refreshing contrast to the series of historically retrograde, economically unprogressive and socially stagnant budgets that preceded it in a supreme ironic procession for so many years."

– Nani Palkhivala on Union Budget 1985-86 from The Wit & Wisdom of Nani A. Palkhivala by Jignesh Shah

The budget delivered yesterday does have some traits of one of the few budgets appreciated by the eternal tax legend - Late Nani Palkhivala. The Hon'ble Finance Minister Ms. Nirmala Sitharaman has endeavoured to provide succour and extend hope to the people who underwent an ordeal that year 2020 was. The Budget Speech gave us reasons to cheer and filled many a hearts with optimism and pride. We recently witnessed worst of the times and the Finance Minister amply empathised with the people and tried her best to keep the promise of delivering a budget 'like never before.'

With astounding commitment for rural and urban development, infrastructure projects, boosting exports, attracting foreign investment, minimizing tax disputes, and transparency while making an exception to the committment for fiscal prudence, the Finance Minister has impressed the people with her dynamism. However, the beauty and the devil both lie in the details and deciphering the complex Finance Bill, 2021 and semantic shades of the Budget Speech demands realism, vision, and accumen.

What shall the episode cover?
Taxsutra, keeping up its commitment for a coverage 'like never before,' in association with KNAV, presents to you a unique webinar on “Post-Budget Analysis” where KNAV's Vaibhav Manek, Uday Ved, Amitabh Khemka and K. Balasubramanian (Vice President & Global Head, Corporate Tax – Wipro Limited) would discuss the metamorphosis of the state of economic affairs that the Finance Bill, 2021 tries to achieve along with the economic and political intent behind Finance Minister's speech. Taxsutra Group Editor Arun Giri shall moderate the webinar.