An insight into the Financial Budget of 2016 by Leading Lawyer in Acquisition and Mergers, Mr. Abhijit Joshi

1. FINANCIAL BUDGET - 2016
Abhijit Joshi’s take on Financial Budget

3.  When Finance Minister Arun Jaitley released the 2016 Union Budget on February 29, the
response was mostly positive.
 The budget aims to stick to the 3.5 percent fiscal deficit target, addresses pressing social
and infrastructural needs, and, for the most part, uses reasonable assumptions to forecast
India’s growth over the next three years.
 The Modi government has consistently focused on increased ease of business, opening
markets to foreign investment, building India’s industrial sector, and improving
transparency in taxation and regulation.
 While this budget delivered more on rural and infrastructure spending, it certainly
includes some business elements that are worth exploring in detail.
Introduction

4. Abhijit joshi
Abhijit Joshi is the Founding Partner
of Veritas Legal.
He was the senior partner and chief
executive officer (CEO) at AZB &
Partners until November 2104.
He has been involved in some of the
major landmark deals, such as the Rs
5,150 crore Tech Mahindra - Satyam
Computer Services merger, Usd 2.6
billion Tata -Docomo transaction
among many others

5.  “The Union Budget 2016-17 is well balanced and progressive. Focus on critical areas such
as development of infrastruture and skill development alongwith measures such as job
creation are definitely in the right direction.
 Reduced corporate tax for SMEs along with simplified tax regime will help augment the
investment environment in our country.
 Finance Minister announced reducing litigation and providing certainty in taxation is in line
with the government objective of reducing the impediments and promoting ease of doing
business.
Abhijit Joshi’s Take on Financial Budget

6.  This also shows government’s commitment towards reduction of black money from the
economy.
 The fiscal incentives for start-ups and facilitating fund raising through Fund of Funds will
create an entrepreneur culture on one side and more risk taking investors on the other
side.
 We hope that intention and implementation move seamlessly going forward.
 Overall a positive budget aimed at promoting inclusive growth in the country.” – As quoted
by Abhijit Joshi
 Source: http://www.2indya.com/2016/02/29/budget-comments-abhijit-joshi-md-veritas-
legal/
Introduction

7. Thank You!!