Published on Tuesday, March 23, 2010
Al Mulla Exchange – HDFC Bank Conference Demystifies Indian Budget 2010
Photo: Anwar Sadath Thalasserry


Latest News

A seminar on ‘Indian Budget 2010 and Beyond’ organized jointly by HDFC Bank and Al Mulla Exchange, in association with The Indian Chartered Accountants of India, Kuwait Chapter at the Holiday Inn, Salmiya on Monday, 22 March was a resounding success by any count. From the more than 290 attendees who thronged the Al Dana Hall to listen to the keynote speakers followed by the lively Questions & Answers session it was evident that the seminar was a much anticipated and value-added event.

Speaking on the occasion, the Chief Guest of the evening, H.E. Mr. Ajai Malhotra, Ambassador of India, said that the ‘Indian Budget 2010 & Beyond’ was a timely and relevant seminar that would no doubt prove beneficial and informative to Indians in Kuwait. He expressed his appreciation to HDFC Bank and Al Mulla Exchange for organizing the event and bringing two top notch professional experts to share their assessment on the Budget and on its Tax implications. Highlighting the Indian economy’s demonstrated resilience during the recent global crisis and its continued growth, the Ambassador said, “Despite the worst monsoon in a quarter of a century affecting the agricultural sector, our economy is on track and we are headed in the right direction.” He added that with economic growth in the country poised to register double digit numbers in the near future, with a trillion dollar plus economy, with stock markets that are amongst the best performing in the world, with a demographic advantage of having nearly 55 percent of the population below the age of 25, India is on its way to becoming the among the largest and fastest growing economies in the world.

Welcoming the audience, Mr. Hormuzda Davar, Director of Financial Services at Al Mulla Group, said that the seminar was the second in the series of conferences arranged by Al Mulla Exchange in collaboration with HDFC Bank. “The enthusiastic response we received to our first conference in November 2009, entitled ‘India — The Growth Continues’ has prompted us to arrange these type of seminars, which hinge on aspects that most affect NRIs, to the benefit of our customers,” said Mr. Davar. Introducing the keynote speakers, Mr. Abheek Barua, Chief Economist at HDFC Bank and Mr. Kirit Mehta, Partner at G P Kapadia & Co. Chartered Accountants, Mr. Davar noted that India’s growth could soon outperform even China’s and he hoped that the audience would gather more information on the budget and get to, “treasure the insights which both of our keynote speakers will be sharing with us in the course of their presentation.” Detailing the strong partnership between HDFC Bank and Al Mulla Exchange and how they have worked together to nurture the relationship by introducing customer centric remittance solutions, Mr. Davar noted that Al Mulla Exchange has always strived to be different from its competitors. He highlighted how Al Mulla Exchange spearheaded the EFT (electronic file transfer) revolution in Kuwait by developing the product and changing consumer habits to new technologies.

The first keynote speaker of the evening, Mr. Abheek Barua, then began his speech by giving a glimpse of the Indian macro economic settings. He highlighted the fact that the economy was no longer focused on one single sector and that while agriculture and services sectors, which initially propelled the Indian economy in the earlier boom, were sluggish even now, the industrial sector registered a robust year-on-year growth of 16.7 per cent in January 2010, bolstered by a strong performance by the manufacturing sector, which grew 17.9 per cent in the same month. He noted how growth was being sustained by capacity creation rather than the earlier consumption demand and this, despite the growing inflation, heralded good news for the economy.

The second speaker, Mr. Kirit Mehta for his part deconstructed the country’s taxation policies and its implications while elaborating on the Foreign Exchange Management Act and its relevance to non-resident Indians based on the 2010 budget. Detailing with facts and different examples, he exploded the popular myth that India was a high tax rate country, and he went on to give tips on how to use the Tax Laws effectively to plan transactions to reduce personal Tax incidence, and the importance of proper estate planning and what to do and not to do in the sale of immovable property in India.

Following a lively Q&A session, Mr. M.S. Mathew, Chairman of Institute of Chartered Accountants of India - Kuwait Chapter, shared his views on the conference and thanked Al Mulla Exchange for organizing the event and the support they have provided to the Charter for organizing the study circles.

Giving his vote of thanks, Mr. Minoo Patel, the Chief Financial Officer of Al Mulla Group spoke on how two decades back, the national bankruptcy sent the Indian economy into a shock spin and how the present Prime Minister Dr. Manmohan Singh through his carefully crafted strategies ensured the economy opened up. “The Indian landscape after that was never the same. While the Western economies were falling apart in the recent recession, the well capitalized Indian banking sector and robust monetary policies created a robust economic structure” added Mr. Patel before concluding by saying that the evening’s discussions are sure to have opened the doors for several NRIs and foreign businesses interested in tapping to an economic superpower.
div> iv> iend cheated on me

Join TACK - IIK Cricket Academy. The leading Academy with best facilities for children's Cricket in Kuwait.
Express your comment on this article
 
Sivanathan Sivagurunathan
Posted on Wednesday, June 30, 2010
I was hear about your company so well through my friends. I am right now a bank manager working for one of the leading banks in Sri Lanka. I have completed my MSC in International Banking and Finance. I am interested in joining your company. Please see whether it is possible for me to join your company. Thanking you.



Yours faithfully



S Sivanathan
women affair open I cheated on my wife
women affair open I cheated on my wife
why women cheat on their husband blog.perecruit.com reason why husband cheat
wives who cheat on husbands why do husbands cheat types of women who cheat
little sex stories solveit.openjive.com unconscious sex stories
women that cheat on their husbands why men have affairs married men cheat with men
woman affair married affairs why men cheat
stories of little sex adult x men stories tamil sex stories readable
stories explicit allindiasweetsrestaurant.com adult intimate stories
how to cheat on husband rixgroup.com black women white men
adult sex stories prashanthiblog.com free adult book store stories pictures
hidden spy app android free spy on mobile best mobile spyware for android
abortion at 5 weeks open abortion pics
android text spy app free text spy for android text spy app for android free
against abortion click abortion atlanta
against abortion brightonspanishlessons.co.uk abortion atlanta
pill for pregnancy termination sigridw.com abortion pill cost
pregnant women blog.weddingvenuedirectory.com abortion clinic dallas tx
child gps tracking device nationalautocare.com how can i get the location of a cell phone
prescription card discount site free prescription discount card
walgreens coupons in store steveperks.com walgreen online coupon

Eric Engineer
Posted on Thursday, March 25, 2010
It was really a nice seminar.......... div> v> arried-men-affairs.aspx">link my husband almost cheated on me cheated-on-me.aspx">madsmoller.com my wife cheated do how to cheat your wife
why do women cheat on husbands go why wife cheat
why some women cheat megaedd.com women who like to cheat
ortionpills/page/catch-a-cheater.aspx">link how to cheat
the simpsons adult stories read sex stories non fiction
the simpsons adult stories site sex stories non fiction
sex stories non fiction stories of little sex adult japanese love stories
my wife cheated now what tfswhisperer.com wife cheaters
my wife cheated now what site wife cheaters
woman affair types of women who cheat why men cheat
i dream my husband cheated on me click percent of women that cheat
how to cheat on husband reasons why women cheat black women white men
free adult erotic stories online open bart simpson adult stories
abortion options myjustliving.com abortion at 7 weeks
bdsm gay sex stories vaseline joke classic adult jokes jokes stories humor funny naughty adult stories
bdsm gay sex stories news.noerskov.dk naughty adult stories
why do women cheat with married men link women who cheat on husband
child gps tracking device spy on a cell phone how can i get the location of a cell phone
walgreens photo coupon 100 prints walgreens photo online walgreens photo print coupons
cvs online coupons allindiasweetsrestaurant.com cvs coupons online
how to know if wife has cheated open why do wifes cheat
bad abortion stories link types of abortions
location gps coordinates blog.bjorback.com find phone by gps
cvs 25 off coupon prescription card discount free prescription drug cards

gaspar almeida
Posted on Tuesday, March 23, 2010
Excellent presentation. Hats off to the initiatve taken by Al Mulla Exchange Co. /div>
should i cheat on my boyfriend vancouverpaddlewheeler.com i cheat on my boyfriend
all wives cheat robertsuk.com what to do when husband cheats
the simpsons adult stories survivingediscovery.com sex stories non fiction
the simpsons adult stories survivingediscovery.com sex stories non fiction
i dream my husband cheated on me click percent of women that cheat
free adult erotic stories online the simpsons adult stories bart simpson adult stories
bollywood sex stories only scottdangelo.com the reward joke classic adult jokes jokes stories humor funny
text spy text spy best android tracking software
sex stories of preteen girls read illustrated adult stories
abortion should be illegal open latest you can have an abortion
dilation and curettage recovery blog.mondor.org abortion clinics los angeles
perverted stories adult video on demand open sex stories older woman teenboy
free abortion clinics in nyc abortion clinics in delaware early pregnancy abortion methods
why do women cheat with married men link women who cheat on husband
against abortion brightonspanishlessons.co.uk abortion atlanta
pill for pregnancy termination how long can you wait to get an abortion abortion pill cost
cost of an abortion abortion in canada scraping of uterus lining
coupons for prescription drugs read coupon free
walgreens photo coupon 100 prints walgreens photo online walgreens photo print coupons
walgreens codes photo open walgreens photo coupons printable
rx drugs coupons blog.pelagicfm.com drug coupon list
online pharmacy coupon code getloaded.com free food coupons
google spy apps go live gps tracking device
bad abortion stories link types of abortions



Name  
Email    
Comment
characters remaining  
Human Verification Code Type the Numbers you see in the picture below.


Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
IIK Special...
Image
Another Trip Home...
Aaahhhh, the annual trip to India. Prior to the trip, there is a tinge of anxiety mingled with ...

Image
Indifferent People
Recently I was in Mumbai and all Mumbaikars are familiar with crowd, traffic and rush in Mumbai. In...

Image
Unsung HEROS of Day to Day lives - KPTC BUS - Route 139 - Number 92 3051
September 18, 2013 KPTC Bus stop in Hawally, 3rd Ring Road, Besides Direct Aid Office and American...

Image
“Just do not get disappointed in life, never…”
He is a miracle India might as well, not do without... Son of a clerk in the Postal Department w...

12345678910...
IIK Dine Out...
Image
Samrat – the newly opened Indian restaurant in Abu Halifa
The weather is getting more pleasant, and there’s always fun at a nice family dine out in an exotic...

Image
Culinary Journey to the land of Maharajas - at Salmiya Holiday Inn Jamawar Indian Restaurant
Indian Cuisine has always fascinated people all over the world. Imagine dinning in a royal atmosphe...

Image
Authentic Italian Dinning at Vapiano
Italian Cuisine has always been a Gourmet’s delight. Pizzas and Pastas have become the main dishes ...

Image
A ‘Taste of plenty’ at Curry Leaves
There’s really nothing we enjoy better than a grand cuisine, especially when it’s been done right. ...

IIK Sports...
Image
Kuwait Banks Club League Cricket Boubyan Bank Lifts KBC Trophy in A Cliff Hanger and Burgan Lifts Plate Trophy
Boubyan Bank had to pull out all their experience to overcome the spirited challenge of Ahli United...

Image
United Goans Centre conducted draw for 40th UGC rolling trophy
United Goans Centre conducted its draw for the 40th UGC rolling trophy on January 29th , 2016 at Ba...

Image
Kuwait Banks League cricket tournament finals this Saturday
The prestigious Kuwait Banks League cricket tournament is all set to come to an end as this Saturda...

What's On...
Its your portal, its your platform, so get involved.




NEWS
WHATS'ON
ASSOCIATION NEWS
EDUCATION
IIK TECH
IIK SPORTS
LIFE STYLE
YATRA
DINE-OUT
AUTOMOBILE
IIK YOUNG REPORTER
CLASSIFIEDS
FORUM
GREETINGS
GALLERY
ENTERTAINMENT
PLACES IN KUWAIT
CONTACT US