Union Budget 2022-23: The pivot towards infrastructure

By Elias George, Partner and Head – Government & Public Services (G&PS), KPMG in India

(4 min read)

The predominant theme informing this year’s budget is its unprecedented focus on the creation and augmentation of physical and digital infrastructure. Building on the vision drawn in previous year’s budget, Budget 2022-23 reiterates some of the key themes that are critical for restoring India’s growth trajectory back to the path of becoming one of the fastest growing sustainable major economies in the world.

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Decoding regulatory reporting

By Sai Venkateshwaran, Global Lead – Smart Digital Finance and Partner, KPMG in India

(5 min read)

Corporate reporting in India continues to evolve, with both investors and regulators playing a role in shaping the reporting landscape in the country. Non-financial metrics, including on ESG, are becoming more prominent on capital allocation decisions, and hence there is a need for corporates to evolve towards an integrated corporate reporting approach, accompanied by integrated assurance.

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SEBI amendments to related-party transactions

By Hitesh D. Gajaria, Senior Partner, KPMG in India

(3 min read)

An important element of corporate governance in any company is to demonstrate that related-party transactions (RPT) have been conducted on an arm’s length basis. Despite multiple regulations, there is still a fair bit of unease over RPTs. Regulators are struggling to find the right balance that satisfies the contradictory objectives of any RPT regulation.

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Implications of the Pillar 2 Global Anti-Base Erosion (GLoBE) rules on businesses

By Naveen Aggarwal, Partner and Head – North India Tax, U.S.-India Corridor Leader, KPMG in India and Hariharan Gangadharan, Partner – Tax, KPMG in India

(4 min read)

Over the past decade or so, there has been a widespread recognition that several international tax rules are not equipped to deal with new business realities, and that a radical overhaul is needed. Impact analysis of OECD Pillar 2 model rules is important for multinational enterprises as this can possibly impact their effective tax rate (ETR) and may necessitate re-alignment of holding structures, pricing policies and strengthening of internal data management.

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An introductory analysis of the Joint Parliamentary Committee’s report on Personal Data Protection Bill, 2019

By Mayuran Palanisamy, Partner and National Lead (Data Privacy) – Digital Trust, KPMG in India and Jignesh Oza, Partner – Digital Trust, KPMG in India

(6 min read)

As per the latest information available on government platforms, India has the third largest startup ecosystem in the world, expected to witness a consistent annual growth of 12-15 per cent. 2019 alone saw an addition of 1,300 new tech startups. With the ever-evolving landscape, India’s digital economy needs a gentle yet firm regulatory hand in steering the innovation-fueled digital economy.

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Special Economic Zone scheme in India: a hit-and-miss albeit ambitious programme

By Sachin Menon, Partner, National Head – Indirect Tax, KPMG in India

(5 min read)

The SEZ scheme in India has shown tremendous growth in infrastructure investment, employment and exports since its introduction in 2005. However, SEZs suffer from their fair share of challenges and an overhaul is required in the policy to provide much needed fillip to the manufacturing sector.

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