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SP Jain in the News

From Classroom to Corporate: Gaining Real-World Supply Chain Insights through Global MBA

Isha Gole, GMBA, Class of 2023

Having worked in the supply chain space for 3 years, I wanted to pursue an MBA in the same field, and SP Jain Global’s flagship Global MBA (GMBA) in Global Logistics and Supply Chain Management (SCM) ticked all my boxes—in terms of course structure, subjects, duration, and location. Our first semester was the most rigorous, where we got a flavour of all the management subjects, including finance, marketing, operations, and supply chain. 

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What is an Executive MBA and How It Can Help You Boost Your Career

–Parmita Debnath, Global Head – Student Experience & Professional Development (EMBA) Unlike any traditional MBA, which is more for a larger audience, an Executive MBA (EMBA) is a more specialised postgraduate degree customised to fulfil the career advancement needs of working professionals,

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Divya Raj, EMBA 2016, Conquers Everest Base Camp

Divya Raj, EMBA 2016, Conquers Everest Base Camp  

I am someone who loves outdoor adventure. I never miss an opportunity to try something new whenever I can. 

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Global MBA Insights: Jaiveer Singh Khera’s Learning Journey Through Cultural Immersion

Could you share your background, including your education and early career experience?

Growing up in Ludhiana, Punjab, I was surrounded by a community that valued hard work, resilience, and adaptability.

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How an MGB Degree Can Launch Your Global Career

With nearly two decades of academic experience and serving as the Area Head of Marketing at SP Jain Global School of Management, I have witnessed a remarkable evolution in business higher education.

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Building Awfis from Inception to IPO: SPJ Alumni Spotlight with Sumit Lakhani

What does it take to turn a startup into the largest flexible workspace solutions company in India? Sumit Lakhani, Deputy CEO of Awfis Space Solutions Limited and an SP Jain Global graduate, knows the answer well. 

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Success Knows No Borders: Jiaqi’s Journey from China to Global Leadership

I graduated from Southwest University of Science and Technology and began my career at the Bank of China. 

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From Boardrooms to Base Camp: Leadership Lessons on the Path to Everest

Let me tell you about the time I stood at the foot of the world’s tallest mountain, gazing up at its icy peaks, knowing I had made it. As I stood at Everest Base Camp, proudly displaying our company flag, I couldn’t help but reflect on how far I’ve come—not just in kilometers, but in personal growth. 

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Journey of growth and transformation of a GMBA Alumni

My journey began in Prayagraj, a small city in Uttar Pradesh, India, well known for its cultural heritage and spirituality. After completing my B.Com Honours from the University of Delhi in 2019, I spent three invaluable years as a Project Executive. 

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Reflecting on a Financial Career and the Impact of SP Jain Global’s Professional Excellence Award

How did your finance and wealth management education at SP Jain Global contribute to your career progression and achievements?

My career in finance began with a solid foundation at SP Jain Global. The program’s emphasis on finance and wealth management gave me essential knowledge

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ELO Technology Reinventing Classroom Learning for EMBA Students

Accelerating the career journey in the fast-paced world has become a huge challenge. But even during uncertain COVID-19 times, our EMBA students have made wise decisions to step back and concretise their business foundations and widen their skills to be relevant in the industry.

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A Journey to Marketing Excellence: Insights from a Young Alumnus of the Year Award Winner

A Journey to Marketing Excellence: Insights from a Young Alumnus of the Year Award Winner – Natasha Chandnani, EMBA 2015-2017

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Beyond the Cuisine: A Journey Through Emirati Culture

As an MGB student at SP Jain Global, I had the privilege of participating in numerous industry visits as part of our global learning activities. These experiences were a cornerstone of the program, allowing me to gain valuable insights into real-world business operations while excelling in my soft skills.

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Brand Ambassador Award Winner Yogesh’s Journey from IT Specialist to Chief Data Scientist

-Yogesh Rao, GMBA alumnus (Class of 2007-2008)

How did your Global MBA experience at SP Jain Global, specialising in IT, contribute to your journey as a thought leader and Chief Data Scientist? 

My GMBA experience pushed me beyond the comfort zone of pure IT, helping me to think more broadly. It provided a comprehensive understanding of the business world through methodologies, frameworks, experienced faculty, and relevant handbooks, offering a 720-degree view of the overall nature of business.

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A Journey of Excellence and Impact: Celebrating Piyush Garg’s Recognition- Social Impact Award winner

How did your GMBA experience at SP Jain Global, specialising in Global Logistics and Supply Chain Management, shape your career?

My GMBA experience at SP Jain Global, specialising in Global Logistics and Supply Chain Management, was pivotal in shaping my career. The twin-city model in Singapore and Dubai provided me with a broad global perspective and refined my skills, immersing me in diverse cultures, economies, and work environments.

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A story of growth across SP Jain Global, Microsoft and Academia: Conversation with Mai Nguyen

In this engaging conversation, we discover Mai Nguyen’s inspiring journey as a Lecturer at a public university in Vietnam an SP Jain Global alumna. Mai shares her experiences and insights from her career and personal development since completing the Master in Global Business (MGB) program.

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From Factory Floor to Executive Suite: My Journey with SP Jain Global’s Executive MBA

My journey from a mechanical engineer to a factory manager in the competitive manufacturing world has been continuous growth and learning. With over 18 years of experience in the manufacturing industry and a commendable tenure at Alfanar—it builds efficient energy systems & solutions of the present.

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Revolutionizing Global Logistics: The Power of Supply Chain Management Education

People all over the world still remember the hardships that they faced during the Covid-19 pandemic. This was the biggest disruption mankind faced in the recent past.

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The Compass of Compassion

In the increasingly complex and competitive business landscape, compassionate leadership is emerging as a transformative force. Contrary to traditional views that equate compassion with softness or inefficiency, evidence highlights the profound impact of compassion on effective leadership.

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Bridging Ancient Wisdom with Modern Wellness: SPJ Alumni Spotlight with Dr Rekha Radhamony (EMBA 2018)

Could you tell us a bit about yourself and your journey into Ayurveda?

I am Dr Rekha Radhamony, a 4th generation Ayurvedic doctor based in Kerala and Dubai with an extensive Ayurveda practice with patients across the world. I started Adirekha Ayurveda Hospital in Thiruvananthapuram, Kerala, in 2023, where I lead a team of 8 skilled doctors and 24 nutritionists. Together, we offer holistic health programs both in-person and online to help people manage their health effectively.

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What Makes S P Jain’s Global MBA, ‘Global’?

Prior to COVID, the global economy was fairly “global”, i.e., countries, markets, customers, and value chains were reasonably interconnected. However, post-COVID, the world is experiencing unprecedented turbulence in the macro business environment showing major trends of deglobalisation. Every company, regardless of size, sector, product/service offering, markets it is present in, is needed to reconsider its business model. Current challenges to overcome for ensuring survival and profitable growth include:

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How have we evolved our Executive MBA approach to meet the educational needs of the working professional?

The simple answer is, “We believe in offering innovative solutions.” Our  Executive MBA (EMBA) has been built from the ground up for the busy working professional. It is an 18-month part-time business degree that fits around work schedules, with classes on weekends in the evening.

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Navigating Your Career Path: The Continuous Journey of Reskilling and Upskilling

In today’s constantly evolving global job market, the essentials of upskilling or reskilling are a must for all professionals to stay relevant and competitive. It is an indispensable need as rapid automation, technological advances, and market shifts continue to reshape all industries, and the skills required to thrive are consistently changing.

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Building Strong Foundational Skills in Data Science – Joshua Benzon’s BDS Journey of Passion and Resilience

From his early interest in data science to his ventures in game development, Joshua Benzon’s Bachelor of Data Science story speaks volumes about his determination and passion for exploration. Join us for a quick chat with Joshua as we discover how he overcame challenges, found guidance, and forged his career path, all while enjoying the bustling campus life at SP Jain Sydney.

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Managerial Experience: Is It Essential to Have Before Applying for an Executive MBA?

Embarking on an Executive MBA (EMBA) program is an excellent way for working professionals to accelerate their career progression. Many professionals feel they have reached the pinnacle of success in their specialised area and leverage an Executive MBA degree to broaden their skill set and strategic outlook into leadership roles. Other experienced professionals may already be on a trajectory toward senior management and use the knowledge and skills gained to fast-track their career progress.

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Master Your Executive MBA Journey Through Effective Study Strategies

The Executive MBA (EMBA) journey spans 18 months and is known for its rigorous demands.  Despite its challenges, it presents a remarkable opportunity for growth and achievement. Setting clear goals and envisioning the ultimate outcome is vital when embarking on this journey. By creating a one-page plan that reflects the purpose and objectives of the EMBA program, you will stay focused and motivated throughout the journey. This roadmap serves as a guiding light, reminding you of your goals and keeping you on track toward success. Embrace this journey with enthusiasm and determination, knowing that each step forward brings you closer to your aspirations.

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The story of India’s first super app – Abhisyant Anasapurapu (BBA 2020)

In a world driven by innovation and fueled by passion, Abhisyant Anasapurapu (BBA 2020) emerges as a beacon of modern entrepreneurship. His journey from a cricket and music lover to the co-founder of MYn, a groundbreaking super app, paints a vivid picture of ambition, perseverance, and the power of transformation.

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Life Inside & Outside SP Jain Global

Hey there, fellow adventurers and aspiring professionals! My name is Akanksha Sathe, and I am excited to share my journey from academia to the professional world, shaped by my experiences at SP Jain School of Global Management. As you gear up for your career voyage, let me sprinkle some insights, inspiration, and invaluable lessons from my odyssey.

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What is Machine Learning in Data Science?

A commonly asked question these days is, ‘What is machine learning in data science?’
To answer this question, let us first understand what data science is.
Data science is a broad field that encompasses data collection, data processing, data analytics, and data modelling. 

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My Journey at SP Jain: The one I’ll Always Cherish

I have always been an enthusiastic learner, wanting to explore the world. The zeal to excel in everything I do gave me a consistent academic background.

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The Global Advantage: How Siddharth Menon is Thriving in the New Business World

Why is global business education paramount for advancing your position in the professional arena?

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Navigating Rapid Technological Advances in the Banking Sector – SP Jain Global Alumni Spotlight with Suresh Lalwani (EMBA 2007)

Suresh Lalwani (EMBA 2007), Managing Director and the Head of Coverage, Commercial Banking at First Abu Dhabi Bank, has over 22 years of experience and mastery in the banking sector. Having navigated the evolving banking landscape amid rapid technological advancements, Suresh has remained adaptable to ever-changing consumer demands.  

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Mastering Your GMBA Finances: Comprehensive Guide to Costs and Funding Options

-By Arindam Banerjee,

Professor & Assistant Dean, GMBA & MGB

The decision to pursue a Global MBA (GMBA) is a stimulating exercise that has the potential to augment one’s career opportunities and expand one’s understanding of business. Nevertheless, it is essential to consider the financial implications associated with enrolling in a GMBA program.

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The Journey Itself Was So Beautiful – Reflections From My Doctoral Research at SP Jain Global

My doctoral research was about Governance of Project Portfolio Management. At its core, it sought to explore the reasons for governance failures for global multi-million-dollar projects, analyse the impact of this failure on organisations, and more importantly, offer a novel framework to practitioners and contribute towards the body of knowledge.

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Navigating the Luxury Industry: My Journey from SP Jain Global to LVMH

In the ever-evolving world of luxury, my journey from the esteemed halls of SP Jain School of Global Management to the pinnacle of opulence at LVMH stands as a testament to the seamless synergy between academic excellence and the demands of luxury leadership.  

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Leading a Sustainable Future in the Energy Sector – SP Jain Global Alumni Spotlight with Azhar Othman (EMBA 2014)

Azhar Othman (EMBA 2014), the Executive Chairman of Enercon Asia, Group CEO of GENES, and Founder of the GAED Energy Advisory platform, brings a wealth of experience from the power generation, renewables, and smart energy industry. Azhar’s journey, a blend of personal and professional challenges and zeal, is underpinned by a deep-rooted commitment to family and supported by their unwavering love. Moreover, his career has been a testament to the positive transformation sweeping the energy sector, and his vision extends beyond profits, focusing on environmental stewardship.

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‘How is sustainability transforming the business landscape?’ – Prof. Shrinivas Shikaripurkar

Bush fires in Australia, Floods in China and India, and heatwaves in the US are all incidents that have occurred during 2023 alone, with one common theme binding them, which is that these are impacting a planet which is getting enveloped by a potential climate catastrophe owing to global warming & climate change.

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Gaining Knowledge, Network, and Resilience through the Global MBA – Insights from Ernst & Young’s Dhaerya Grover

Knowledge, Network, and Resilience – is my simplistic summary of an MBA in three words. 

Gaining knowledge was never just about the assignments, presentations, Student Board Rooms (SBRs), start-up ideas, and deadlines. My time at SP Jain Global was more than just those five things. Before anything had even begun, the only thing I was coming with to the business school was a mindset to learn and expand my horizons. The goal was never to get accolades or excel in academics, but those were just a consequence of my daily recalibration to deliver the best I could in each assignment and each lecture I sat in till the last day of the course. 

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How I Landed My Dream Role at EY

Graduating with a major in Digital Business Management from the MGB program began a journey that’s now steered me as a Functional Project Consultant at EY India..

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How my GMBA helped me become an Oil Operator at Trafigura

I was raised in a family of merchant navy captains, and the importance of hard work was always drilled into me, even as a child. Through my education and an earlier career as a merchant navy officer, the importance of being detail-oriented and process-driven was imbibed in me, and I follow it to the day.

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Exploring Boundless Possibilities in the World of Data – Devashish Upadhyay’s BDS Journey

Hello, I’m Devashish, a Junior Business Intelligence Analyst at Greenstone Financial Services, and I’m excited to share my journey from student life to my current role. My three-year academic expedition at SP Jain School of Global Management in Sydney, Australia, laid the groundwork for a career fuelled by passion, curiosity, and a commitment to excellence.

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How can an EMBA Help you Advance in your Career?

The modern business landscape is ever-fast-evolving, driven by rapid technological advancements and globalisation. For seasoned working professionals aspiring to ascend the corporate ladder, continuing education is more crucial than ever. One such pivotal educational route is the Executive MBA (EMBA). Here’s how an EMBA can be the catalyst in your career trajectory.

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Converting an Internship into a Full-Time Role: Insights from Chahak Jain (MGB 2023)

Meet Chahak Jain (MGB 2023), an accomplished analyst at Corporate. Curious about how she not only snagged her dream internship but also turned it into a full-time job?

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What I Learnt About Revolutionising the Future of Work from Reliance Retail’s Anil Kumar Misra

Anil Kumar Misra, the Chief Human Resources Officer at Reliance Retail, recently visited SP Jain School of Global Management’s Dubai campus. His robustness and energy immediately captured our attention, and we listened to his insights with enthusiasm.

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The Road Ahead in the Automotive Industry – SPJ Alumni Spotlight with Aastha Sinha (MGB 2015)

Revving up the engine of her career, Aastha Sinha (MGB 2015) has defied societal norms by venturing into the male-dominated world of automobiles.

Armed with a degree from Miranda House, Delhi University, Aastha blazed a trail by joining SP Jain Global’s MGB program in 2014, and from there on, there was no looking back. Her passion for all things automotive led her to the United Arab Emirates, where she kickstarted her professional journey at one of the largest Emirati conglomerates before making a name for herself at renowned brands like the Mazda Retailer Group, the Zanchin Automotive Group, and the BMW Group.

Today, Aastha is a leading expert in the industry, and we had the pleasure of catching up with her to gain insights into the latest industry trends and explore its future. Buckle up and get ready for an exciting ride as we delve into the world of automobiles with Aastha Sinha. 

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Nurturing Professional Growth in the Ever-Evolving Business Landscape: Anuj Bhowmick’s DBA Journey

With over 19 years of industry experience, Anuj Bhowmick (DBA intake of 2021) brings a wealth of expertise to the table. Seeking to immerse himself in the intricate operational and strategic business challenges, Anuj pursued SP Jain Global’s Doctor of Business Administration program, which stood out as the perfect fit for his aspirations.

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How My Global MBA Prepared Me for a Strategic Role at Hindustan Coca-Cola Beverages

Embarking on the Global MBA program at SP Jain Global with six years of experience in Sales and Business Development was a decision that unfolded into a transformative journey for me, ultimately leading to a strategic role in digital transformation at Hindustan Coca-Cola Beverages (HCCB).

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Beyond Engineering: A Year of Discovery and Adventure Through My Global MBA

In my previous role as an engineer in a BD professional’s clothing, my focus encompassed refining business communication, leadership, persuasion, and negotiation skills. But at some point, I realised I wanted more prominent roles in business management.

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Elevate Learning with Generative AI: A Game Changer for Education

The education landscape is undergoing a profound transformation thanks to the proliferation of AI assistants. With statistics projecting the presence of 8.4 billion AI assistants by 2024 and the global AI in education market expected to reach $10 billion by 2027 with a 25% CAGR, Artificial Intelligence is becoming an integral part of the educational ecosystem.

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Securing a Dream Job At ClickUp – Atharva Kamtekar’s (BBA 2023) SP Jain Global Journey

Meet Atharva Kamtekar (BBA 2023), who didn’t just graduate but landed a coveted position at ClickUp a year before tossing his cap in the air. Juggling studies and a four-day workweek, Atharva seamlessly danced through the balancing act before waltzing into his full-time role this May. Intrigued? So were we! Join us as we dive into Atharva’s journey—exploring his placement experience, day-to-day adventures, and the secrets behind his successful transition into the professional world.

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Decoding Indian Union Budget 2022-23

 

From much-awaited cut on LTCG (Long-term Capital Gains), customs duty rationalisation, investments in affordable housing to legitimising the digital assets through cryptocurrency taxation, India’s Union budget 2022-23 displayed several realistic and optimistic goals for the Indian economy. With the target of fiscal deficit at 6.8% of GDP, India’s fiscal deficit is not pegged at 6.9% in FY22. To understand the strategic pillars of Union Budget 2023 (UB23), Top Gun (public speaking and debate club) at SP Jain conducted a live webinar on February 3, 2022, on Decoding Indian Union Budget 2023. The webinar aimed to understand these important elements of the budget 2023, its macro implications and explore the key highlights.

 

The Formality of Budget and the Legal Mandate Associated With It

The requirement of the budget goes way back to the three articles - Article 110, Article 111 and Article 112 of the Indian Constitution. These articles mention the budget as an annual financial statement, wherein the Finance Minister of the country lays out a statement or a receipt of all the estimated expenditure of the government for that year. Now, this involves many factors; some mandatory expenses and receipts have to be ensured by the ruling government to list and bear for the welfare of its citizens. This is followed by an economic survey. An interesting aspect of the union budget is that, like a money bill, it is not argued against or debated for, in the parliament. This, sometimes, gives an edge to the ruling government to pass relevant acts as bills¾the Aadhaar bill is one such example, which came into effect undebated through Bharatiya Janata Party, a prominent political party in India. However, a bill can always be challenged if it involves discrimination or is in contradiction of an existing law/article or neglecting certain sections of the society, but it is unlikely to come through Judiciary on Suo moto.

The Key Focus Areas

With the outlay on CapEx as INR 7.5 lakh crores, the Government of India (GOI) has tried to focus on infrastructure, energy, and start-ups this year by having a development-oriented Union Budget 2022. The pandemic has been around for the third consecutive year now, which made this year’s budget strategically important to aim at the recovery in economic activity and create demand by monetising and increasing the spending cycle. With the commitment to reduce the fiscal deficit, the budget is focussed on long-term and robust implications rather than immediate recovery plans, which is why this budget allocation seems reasonable and achievable. Focussed on larger infrastructure development, transportation, and housing, this budget hasn’t shown any significant increase in the larger tax structure and is more allocated to Capital Expenditure as it jumped over 35% from last year and a projected 33% for FY23 over FY22. Along with this, the appeal, and litigations, especially associated with IT filings and defaulters, can be deferred and the revenue authorities can Suo moto alter the litigation judgement after the question of law has been decided. This would help reduce the burden of pending litigations/appeals on the judiciary. A positive step towards electric vehicles can be seen with a battery swapping policy along with the standardisation of the battery and charging interface.

Encouraging the Boost in the Economy

SMEs and MSMEs will be particularly encouraged to undergo development, which will play a role in boosting the economy. GOI is also trying to encourage various business activities by levying only 15% tax on manufacturing as compared to the earlier 30%. With increased lending requirements, this would also enable banks to increase capital circulation; private banks and NBFCs will also benefit from this budget along with the PSUs. Agriculture has also been allocated funds, although this allocation might not be enough considering the controversy of the recently proposed farm bill. The infrastructure-centricity is another contrasting aspect of the budget. This interprets directly into having more opportunities. Under PMAY (Pradhan Mantri Awas Yojana), INR 48,000 crores have been allocated aiming at the completion of 80 lakh homes. This will create thrust in affordable housing especially focussed on the urbanisation of rural areas. Under PM Gati Shakti, increased investments are planned in roads, railways, mass transportation, ports, airports, waterways, logistics, and infrastructure, which will boost employment opportunities and provide money directly to people. 100 new Vande Bharat trains in the next three years and 100 PM GS Cargo tunnels could also drive the infrastructure development. The positively impacted sectors are lending institutions - banks and NBFCs, infrastructure construction (hence cement), MSMEs, consumer electrical supplies and electronics, defence, water transportation, energy, real estate, telecommunication, and the credit rating market. Some of the negatively impacted sectors are agriculture, rural employment -MNREGA allocation cut by 25%, metals, housing (estimated increase in interest rates), and FMCG.

Income Tax

There’s been no reduction in fuel taxation, although we saw some reduction in customs duty on fuel. This is applicable even for the fuel in the airline industry, which has been very crucial during the entire pandemic. The government has not provided any rebate on the higher taxes on airline fuel under any provision. Income tax has not been altered, which might cause disappointment in salaried professionals. Corporate tax rates are at 15% on manufacturing companies. LTCG surcharges have been capped at 15%, reduced from the previous year’s 37%. Customs duties on cut and polished precious stones are now reduced to 5%. An additional excise duty of INR 2/litre would be applicable on unblended fuel from October 2022. Basic custom duties on EVs reduced from the current 125%. Taxpayers have more freedom to file updated returns for additional taxes within 2 years of the assessment year. The interest rate for this remains the same with some additional relief in penalties.

The Talk of the Nation - Virtual Assets

The legitimacy or legality of any asset cannot be defined by the tax that is being levied on it. As surprising as it was to have the Finance Minister talk about digital currencies in a legitimate context, many view the 30% taxation and 1% TDS on virtual assets as a discouraging act. On the other hand, this could be viewed as a step in a positive direction – a government that explicitly refused to have cryptocurrency is now permitting virtual assets, albeit with a heavy tax. This could be paving the way for cryptocurrency being recognised as a legal asset in India. With rapid technological advancements, GOI is reluctant to declare the cryptocurrency as being illegal and defines the entire category as VDA - anything other than Indian Rupee and foreign currency will be called Virtual Digital Assets. This opens a block of grey areas and makes it unclear how digital assets can be sub-caterogised as an income type. Since the tax levied on cryptocurrency is higher than the “other sources” categories, it is difficult to predict which category will it fall under. RBI has introduced CBDC - Central Bank Digital Currency that will bring in Digital Rupee, estimated to be issued by RBI 2022-2023 onwards. The financial cabinet and Indian economy still need to make a lot of progress befor adapting cryptocurrencies. With the optimism reflected in UB23, we can hope that India will economically sustain the losses of the pandemic if the set goals are met. Stepping into a digital future with crypto taxation and the introduction of CBDC, the new budget indicates that India will pave the way for a digitally-driven economy. Executed with a strong commitment channelled in the right direction, UB23 might steer India towards achieving the dream of being a USD 5 trillion economy by 2025.

About the author: Pranjali Jha (GMBA'21)

 

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