Trade Promotion Council of India

Invitation to webinar on Climate change vs trade: Securing common ground
2021-08-27 15:00 - 16:30 (Asia/Kolkata)
The Trade Promotion Council of India, is organising a webinar Climate change vs trade: Securing common ground on Friday, 27th August 2021 at 3:00 pm. This webinar explores the repercussions of climate change on global trade, the inherent contradictions they lead to, and how these may be resolved.
That climate change has been one of the most important challenges of the 21st century is inevitable. It is important because it not only affects the day to day lives of individuals as natural calamities like floods and forest fires become increasingly common, but because it also poses threats to economies. The Swiss Re Institute warns that if global temperatures rise by 3.2°C, it could dent 18% of GDP of the worldwide economy.
Further, different industries will be exposed to the challenges that climate change brings. The food and beverage industry in the Indian subcontinent is one such industry. The National Innovations in Climate Resilient Agriculture has found, by 2080 there will be a noticeable dip in the yields of rice, wheat and maize. Similarly, Cotton 2040 states that by 2040, 40% of cotton-producing regions are likely to see their growing seasons shortened, while drought could hit half of the global crop.
Given the inevitable risks of climate change, policies are being designed to intersect with international trade. For example, the EU, has announced plans to impose the first trade restrictions in the world for climate reasons. They are keen on levying an additional ‘carbon border tax’ on imports from countries that do not have strict norms for controlling industrial greenhouse gas emissions. This is bound to have an impact on foreign trade. Similarly, the Biden administration has expressed support for the notion of a “polluter import fee” as one means of achieving that goal.
Key takeaways from the session:
• An understanding of the impact of the rise in GHG emissions on the global economy
• The impact of policies like carbon border tax on global trade
• Key industries and countries that could be affected
• How companies can proactively make themselves environment smart
• Key lessons for India from international examples

The panellists for the session include:
• Mr Pushkar Mukhewar, Co-Founder & CEO, Drip Capital
• Mr. Chalasani Bhaskar, Agripreneur
• Dr Saon Ray,Visiting professor at ICRIER
• Dr Bandi Venkateswarlu, Co-Chair DBT ‘Task Force’ (TEC) on Agri Biotechnology Member, GEAC, MoEF, Govt.of India

To register for the session, please click

https://zoom.us/webinar/register/WN_A9I9XNYRRp-pSUhI14gJiw

Webinar on India-UAE F&B Trade organised by TPCI and CGI Dubai
2021-08-29 15:00 - 16:30
You are cordially invited to a webinar on India-UAE: Trade & investment opportunities in agri and food processing being organised by Trade Promotion Council of India in association with Consulate General of India (CGI) Dubai. The webinar is scheduled on August 29, 2021 at 10:30 am UAE Time, 12:00 Noon IST.
India and UAE have shared trade links that span across centuries, and continue to maintain strong bilateral trade relations. UAE was India’s third largest export destination in 2020-21, with exports from India at US$ 16.7 billion and imports at US$ 26.6 billion.
Exports from India to UAE are well diversified, including Petroleum Products, Precious Metals, Stones, Gems & Jewellery, Minerals, Food Items (Cereals, Sugar, Fruits & Vegetables, Tea, Meat, and Seafood), Textiles (Garments, Apparel, Synthetic fibre, Cotton, Yarn) and Engineering & Machinery Products and Chemicals.
UAE is also the 10th largest FDI investor in India, with investments amounting to US$ 13-14 billion. Its major investment focus has been in services (15.78%), sea transport (8.8%), power (8.34%), construction activities (infrastructure -7.15%) and construction development (townships, housing, built-up infrastructure and construction-development projects – 7.08%).
UAE has initiated attempts for a broader India-GCC dialogue on reviving talks for their bilateral Free Trade Agreement early this year. Early analysis has identified about 1,100 products, including washing machines, ACs, refrigerators, spices, tobacco, cotton fabrics, textiles and leather that can see higher exports through this deal.
The webinar on India-UAE: Trade and investment opportunities in agri and food processing aims to enlighten Indian stakeholders on the trade, investment and collaboration opportunities specifically in Food & Beverage (highlighting how India can also contribute to food security), Food Processing technology & Packaging Technology.
Following are the esteemed panellists who will be sharing their views during the webinar:
• Dr. Aman Puri, Consul General of India, Dubai
• Mr. Saleh Abdullah Lootah, Chairman, Food & Beverage Manufacturing Business Group, Dubai
• Mr Suresh Kumar, Chairman, IBPC Dubai
• Mr. Vivek Agarwal, MD, Capital Ventures Pvt. Ltd. and Chairman of Sectoral Committee on Food & Beverage, TPCI
• Mr. R. Senguttuvan, Former Chief Executive – Packaging & Printing Division, ITC Ltd & Managing Director – Wimco Ltd. & Chairman of Sectoral Committee on Food Processing & Packaging Technology, TPCI
• Mr. Sanjay Grover, Vice President – International Business Division, Kirloskar Pneumatic Company Ltd., and Vice Chairman of Sectoral Committee on Food Processing & Packaging Technology, TPCI
• Mr. Ashok Sethi, Director, Trade Promotion Council of India
The session will be moderated by Virat Bahri, Deputy Director-Media & Corporate Communications, Trade Promotion Council of India.
To register for the webinar, click
https://zoom.us/webinar/register/WN_gvM7SRwVRG-bnTnsTbYSKA
For any clarifications, please contact virat.bahri@tpci.in

Webinar on India-Central & East European Countries: Trade & Investment Opportunities
2021-09-23 15:00 - 16:30
You are cordially invited to an interactive webinar on “India-Central & East European Countries: Trade and Investment Opportunities” organized by the Trade Promotion Council of India in collaboration with the Embassy of Czech Republic & Embassy of Romania, New Delhi on September 23, 2021 at 3:00 pm IST.
It is hardly a secret that India enjoyed excellent political, economic and military ties with Eastern and Central Europe during the Cold War period. The following three decades have also seen a consistent growth of their bond. The CEE region is flourishing with niche capabilities in technology, defense, and IT sectors, thereby attracting India. This region is also important for India as it offers foreign companies access to the European Union’s markets but with lower operational costs than Western part of Europe.
At the same time, despite the pandemic, India is one of the brightest spots in South Asia, with its economy expected to grow by 7.2% in 2021, as per the latest UN projections. This makes it an attractive trade partner that the CEE countries just cannot ignore. Further, India has expertise when it comes to skills like the IT & technology sectors which can help build a meaningful synergy between them.
Bilateral trade in 2020 between India & CEE stood at US$ 7.9 billion according to the ITC Trade Map, with India meeting 1.13% of its import needs from CEE & constituting 0.43% of CEE’s total imports. Therefore, there is phenomenal untapped potential that the two regions can explore by advancing their military, cultural, economic and energy cooperation.
This webinar will dwell on bilateral trade relations of the two CEE nations with India, trade opportunities available for Indian industries, possibilities of collaborations, ease of doing business, import-export policies of the government including trade barriers, untapped sectors, customs regulations and formalities, other issues relevant for industries of both countries.

Key Takeaways:
• Scope of multilateral trade relations between India & CEE countries;
• Possible areas for investment and collaboration
• Ease of doing business
• Prospects of the ongoing talks for the India-EU BTIA

Following is a detail of the esteemed participants in the webinar:
• HE Mr. Milan Hovorka, Ambassador of Czech Republic
• HE Ms. Daniela Mariana Tane, Ambassador of Romania
• Mr V.K. Gauba, Additional Director General, Trade Promotion Council of India
The session will be moderated by Ms. Nikhaar Gogna, Executive Officer, Trade Promotion Council of India.

To register for the session, click
https://zoom.us/webinar/register/WN_fN8SYskgQKmwd2hz6LKsEA

“MASTER CLASS” with CHOITHRAMS on Winning in the GCC Market
2021-09-24 16:00 - 18:00
Dear Sir/Ma’am,

Trade Promotion Council of India is organising a Master Class with CHOITHRAMS: Learn the Dynamics of the GCC Market, on September 24, 2021 at 16:00 hrs IST. The Master Class will discuss the challenges faced by Indian F&B exporters while entering and getting established in GCC countries, and the growth dynamics and export opportunities that the region offers. Participants will also get the opportunity to learn from the success mantras followed by one of the leading distributors and hypermarkets of the region.

Given that the GCC is the most important export destination in the Middle East with high proximity to India, it becomes a go-to place for Indian exporters with phenomenal untapped trade potential.

Given the exponentially increasing adaptability of Indian Food & Beverage products at the global level, it is evident through the recent trends that brands & manufacturers are massively inclined towards expanding their global footprints through trade and exports. However, inadequate knowledge of various country specific compliances is a catch for Indian exporters.

To bridge this gap amongst industry stakeholders, TPCI is taking the initiative of orchestrating a “Master Class” series with Global Flag Bearers of the F&B industry. This knowledge sharing platform facilitates attendees to learn from global Industry ICONs about the do’s and don’ts they must keep in mind as they endeavour to build international brands.

Thereby, it also becomes a vital channel for the industry to get much sough-after mentor ship from leading Distributors & Modern Trade Channels in the easiest and most convenient format.

Prominent focus areas for the “MASTER CLASS” are:
• Key challenges faced by Indian brands & manufacturers in the GCC.
• Changing dynamics of the F&B industry in the region.
• Future potentials for the Indian F&B brands in the GCC
• Presence, penetration, and product acceptability of the Indian brands in the region.
• Importance of mainstream consumerism for the brand for its over-all success.

Following is the list of esteemed panellists for the “MASTER CLASS”:
• Mr. Kirti Meghnani, Head-Procurement, Choithrams, UAE
• Mr. Narendra Shah, Managing Director, Selmax Exports Pvt Ltd, Mumbai

To register for the webinar,
click https://zoom.us/webinar/register/WN_y4mjX4yXSAGOqDF6NpRYYQ
For any clarifications, please contact sneha.v@tpci.in

Webinar on 'India- Australia CECA, opportunities and implications'
2021-09-28 15:00 - 16:30
You are cordially invited to join a webinar on “India-Australia Comprehensive Economic Cooperation Agreement (AI-CECA) – digging complementarity and synergy in trade”, organised by Trade Promotion Council of India on 28th September, 2021 (Tuesday) at 3:00 PM.

India and Australia negotiations on Comprehensive Economic Cooperation Agreement are back into focus. By entering into trade agreement, India can gain access to best technology, innovation and R&D, enabling manufacturing of globally competitive goods and improve India’s share in global value chains.

Furthermore, Australian businesses can gain access to India’s vast consumer base, tapping opportunities in sectors including education, tourism, healthcare, financial services, infrastructure, agriculture, energy, resources and many more.

Total trade between India and Australia stood at US$ 10.7 billion in 2020. While India accounts for 2.9% share in Australia’s merchandise exports, India’s share in Australia’s total import is 1.7%. The esteemed panellists will deliberate and discuss on important aspects that should be focused on under the trade agreement and the implications for both the economies.

Agendas for discussion:
• The strategic and geopolitical relevance of India-Australia bilateral relations
• Complementarity target of India & Australia.
• Challenges in making this deal a success.
• Interoperability- Harmonise standards and remove barriers to trade and investment.
• Relationships: Invest in long term and workable relationships with the people and institutions that matter.
• Striking a knowledge partnership- Exploring synergies in technology, research, training and education sector.
• Solutions and recommendations to the government to fast-track the trade deal.

Confirmed Panellists:
• Amb Anil Wadhwa, Ex Secretary (East), Ministry of External Affairs, IFS
• Manoj Pant, Vice Chancellor, Indian Institute of Foreign Trade (IIFT)
• Dr. Pralok Gupta, Policy Leader Fellow of the School of Transnational Governance, European University Institute, Florence and Associate Professor, Centre for WTO Studies, IIFT, New Delhi
• Surojit Gupta, Associate Editor, Times of India
• Anand Kumar Singh, Deputy Director General (Horticulture Science), Indian Council of Agricultural Research
• Ravneet Pawha, Deputy Vice President (Global) & CEO (South Asia), Deakin University
• Ravi Mirchandani, Chairperson Indo-Australian Chamber of Commerce (IACC) Western India Chapter

Date: 28th Sep 2021 (Tuesday)
Mode: Webinar over Zoom
Time: 3:00 PM IST
Duration: 1 Hour- 1 Hour 20 mins (Tentative)

Request you to please register using the below given link at the earliest as seats are limited.

Registration Link
https://zoom.us/webinar/register/WN_c8w8aQuMQfuH_lLR7ZFfeg

For further details on the event or any other clarification, please contact
Sameer Pushp (M-9811229110) at sameer.pushp@tpci.in.

Webinar on India-Bahrain trade & investment opportunities in Engineering & F&B Tech
2021-09-29 16:30 - 18:00
You are cordially invited to a webinar being organised by the Trade Promotion Council of India in collaboration with the Embassy of India in Bahrain, on Trade & Investment Opportunities between India & Bahrain, scheduled for September 29 at 4:30 pm IST, 2:00 pm Bahrain time.
India-Bahrain relations have been traditionally strong and cordial, on the bedrock of positive political, economic and cultural exchanges. They also have a high degree of convergence on global issues. Bahrain has over 1.2 million residents that also include around 350,000 Indians, which is a major factor fuelling mutual understanding and people-to-people exchanges.
Bahrain’s GDP at current prices was recorded at US$ 33.9 billion in 2020 according to the IMF. After a contraction of 5.4% in 2020, the economy is projected to grow by 3.3% this year. While the economy has traditionally been oil dependent, it is becoming more diversified over time, offering opportunities in financial services, technology sectors, manufacturing, logistics, tourism, real estate, healthcare and education. In fact, the economy prides itself in the fact that around 80% of its GDP came from non-oil activities in 2018.
The country has progressively liberalised its economy, thereby offering more opportunities for investment. The government offers 100% foreign ownership across most sectors, with no need for a local partner. Due to these advantages, FDI into Bahrain grew by 114% in 2017, to US$ 519 million, despite global FDI falling by 23% that year (according to Economic Development Board, Bahrain). Notably the economy has US$ 32 billion in infrastructure and real estate developments that are in advanced stages of progress.
The webinar will focus primarily on the bilateral trade and investment potential for Indian and Bahraini companies in engineering goods and F&B technology.

Confirmed panelists:
• H.E. Shri Piyush Srivastava, Ambassador of India to Bahrain
• HE Abdul Nabi Alshoála, Founding Chairman of Bahrain India Society
& Chairman of Al Fanar Investment
• CA P S Balasubramanyam, Vice Chairman – Bahrain India Society
& MD, Assure Group
• Ebrahim Mohamed Ali Zainal, Chairman of Trafco Group
• Fareed Bader, Chairman & Managing Director, Bader Group of Companies and Chairman of Industrial committee at the Bahrain Chamber of Commerce and Industry.
• Sanjay Grover, VP – International Business Division, Kirloskar Pneumatic Company Limited and Vice Chairman, Sectoral Committee on Food Processing and Packaging Technology
• Deodutta Despandey, Strategic Business Unit Head – Thermax and Hon. Member, Sectoral Committee on Food Processing and Packaging Technology
• Ashok Sethi, Director, Trade Promotion Council of India
Session will be moderated by Virat Bahri, Deputy Director-Media & Corporate Communications, Trade Promotion Council of India.
To register for the session, click
https://zoom.us/webinar/register/WN_7n2ONlPNS_ufjTvcjjkLDg

Hydrogen: The key to a carbon free future?
2021-10-28 15:00 - 16:30
Trade Promotion Council of India is organising an interactive webinar on “Hydrogen: The key to a carbon free future?” organized by the Trade Promotion Council of India on Thursday, October 28, 2021 at 3:00 pm IST.

Climate change is inevitably one of the most perilous man made challenges of the 21st century, with expectations of a severe economic fallout. For example, frequent cyclones will hamper global shipping, while the rise in sea levels will have an adverse impact on marine ecology; thereby hurting seafood exports. The Swiss Re Institute warns that if global temperatures rise by 3.2°C, it could dent 18% of GDP of the global economy.

To combat climate change, countries across the world are exploring various forms of renewable energy. Green hydrogen (produced using renewable energy) and blue hydrogen (made from natural gas) are regarded as the latest arsenal in this global fight.

Reckoned as the most abundant element in nature, hydrogen has multifarious applications – ranging from transportation and marine sectors to refineries of petroleum and the steel and fertiliser industries. In case of India, according to an estimate by TERI, demand for hydrogen in India is expected to increase 3-10 fold by 2050.
India aspires to become a global leader in the production and exports of hydrogen over the next few years. In addition to the National Hydrogen Mission, it is mulling a proposal to make it mandatory for user industries like oil refineries and fertiliser manufacturers and subsequently steel and transportation to produce/procure green hydrogen.
While the government’s ambition has to be lauded, there are a number of challenges associated with the use of green and blue hydrogen in India. These pertain to lack of adequate technology, storage, transportation, development of new materials, electrolysis, safety standards and regulatory regime. This webinar will delve into these challenges, what a shift to a hydrogen-based economy entails for Indian industry and the exciting opportunities that this sector presents going forward.
Key takeaways:
• Role of the National Hydrogen Energy Mission in addressing threats posed by climate change.
• Various industrial applications of green & blue hydrogen, how will a hydrogen economy impact Indian industry?
• Challenges associated with production & adoption of green and blue hydrogen in India.
• Roadmap for India to become a leading producer and exporter of green hydrogen.
• Business and investment opportunities in India and learnings from international best practices.

Following is a detail of the esteemed participants in the webinar:
• Gopal Krishna Agarwal, National Spokesperson – Economic Affairs, BJP (Keynote speaker)
• Sturle Pedersen, Chairman of the Board, Greenstat Hydrogen India Pvt Ltd
• Umesh Sahdev, Executive Chairman, Hydrogenium Resources Pvt Ltd
• Prof Shirish S Garud, Director, Renewable Energy Technologies, TERI

The session will be moderated by Ms. Nikhaar Gogna, Executive Officer, Trade Promotion Council of India.
To register for the session, click
https://zoom.us/webinar/register/WN_1D7uEiixTHarAJpMLsvkGA

Webinar on Cross border e-commerce: Catalyst for $1-tn exports?
2021-12-01 15:00 - 17:00
Trade Promotion Council of India is organising a webinar on Cross border e-commerce: Catalyst for $1-tn exports? on December 1 at 3:00 pm. The webinar will focus on the growing trend of cross border e-commerce, India’s current penetration and potential in the area and how exporters can leverage this exciting trend to ramp up their international footprint.

According to Zion Market Research, global cross-border B2C e-commerce market earned revenue worth US$ 562.1 billion in 2018 and is predicted to reach US$ 4,195.4 billion by 2027, at a CAGR of nearly 28.4% during 2020-2027. Growing internet penetration, increased propensity for e-commerce, secure payment options and the rise in globalisation is fuelling this market and opening up myriad opportunities for sellers.

E-commerce is likely to be the fastest-growing segment in retail in India in the coming 5-10 years as growing its share of total retail from 3% to 10-15%. E-commerce is likely to play a larger role in India’s cross border trade and business. India crossed US$ 1 billion in exports for cross border e-commerce in 2020. Categories like handicrafts, home and linen, bedsheets, curtains, upholstery and apparel enjoy strong demand abroad. Amazon has been a frontrunner in leveraging this model with the launch of its service to allow sellers on its platform to sell to US and UK customers.

The COVID-19 pandemic has precipitated a drastic shift in consumer behaviour in favour of online channels. Even as consumers are opening up to cross-border online shopping, companies are looking at strategies that can help them leverage this medium more effectively. SMEs get a vital route to expand internationally and even OEMs can bypass long channels to directly reach customers. Over 50% of customers used D2C for buying consumable or durable products during COVID pandemic.

On the other hand, companies have to tackle multiple challenges including lack of knowledge about regional tax regulations, compliance, data protection laws, payment and return related issues, returns, and import/export legislations. Customers cite issues such as high prices, delayed deliveries, low trust in terms of quality, etc.

The webinar aims to enlighten exporters on the dynamics of cross border e-commerce and the strategies that can help them leverage this trend.

Following is the list of esteemed panellists for the session:
● Dr K Rangarajan, Centre Head & Professor, IIFT, Kolkata Campus
● Rajat Wahi, Partner, Deloitte India
● Venkat Nott, Founder & CEO, Vinculum
● Deep Bajaj, Founder & CEO, Sirona Hygiene Pvt Ltd
The session will be moderated by Virat Bahri, Deputy Director, Trade Promotion Council of India and Editor, India Business & Trade

Takeaways from the webinar
● Product/market opportunities in cross-border e-commerce for Indian brands, particularly SMEs.
● Payment-related issues, regulatory challenges like data protection, export controls, etc. across markets
● Policy and regulatory interventions needed to propel cross-border e-commerce in India
● Online channel strategy and how to build a direct-2-consumer (D2C) channel for cross-border e-commerce.
● Opportunities, practical problems and solutions, while promoting your brand across markets
● Technology interventions that could propel the growth of this sector in the coming future.

To register for the session, click https://zoom.us/webinar/register/WN_7JWBWRosStKtP8RTSBrhSA. For any queries, please contact editorial@tpci.in

TPCI-ICICI Live Interaction on Clearing your pending export bills
2022-01-29 15:00 - 16:30
Trade Promotion Council of India, in collaboration with ICICI Bank is organizing a webinar to provide exporters with expert advice and guidance on Clearing your pending export bills. The session is scheduled for January 29, 2022 at 3:00 PM.
The session will be conducted by Mr Harjeet Singh, Subject Matter Expert – Trade, ICICI Bank Ltd and moderated by Mr Virat Bahri, Deputy Director, Media & Corporate Communications, Trade Promotion Council of India.
Following is a brief overview of the session:

RBI Guidelines for Exporters
Handling regularization issues like invoice mismatch, write-off or extension.
Live interaction and Q&A Session.

The registration link for the session is https://attendee.gotowebinar.com/register/8254326680348353551 Once you register, you will receive a confirmation email with information on joining the webinar.
For any further information, please contact editorial@tpci.in
Regards
Corporate Communictions Division
Trade Promotion Council of India,
9, Scindia House, Connaught Circus,
New Delhi- 110001, India
T: (91) 11 40727243
E: editorial@tpci.in
W: www.tpci.in

Webinar on F&B Trade and Investment Opportunities between India and West Canada
2022-02-22 20:30 - 22:00
Trade Promotion Council of India in association with the Consulate General of India, Vancouver is organizing a webinar on Trade & Investment Opportunities between India & West Canada on February 22 at 8:30 pm IST, 7 am Vancouver time.
Canada is a key trading partner for India in the North American region. Two-way trade between India and Canada increased from US$ 3.21 billion in 2010 to US$ 6.8 billion in 2019, before dropping to US$ 5.6 billion in 2020. India’s exports to Canada were recorded at US$ 2.8 billion in 2020, which is just around 0.7% of Canada’s imports from the world. India’s share in Canada’s F&B imports, on the other hand is around 1.31%, which is well below potential.
The webinar will focus on trade and investment opportunities for Indian companies specifically in the region of West Canada, which includes
Confirmed panelists:
Mr Manish, Consul General of India, Vancouver, Canada
Mr Tony Singh, CEO & President, Fruiticana
Mr. Abhishek Poddar, Vice Chairman, Food & Beverage Sectoral Committee, TPCI
Mr Suresh Kumar Makhijani, Joint Director General, Trade Promotion Council of India
Mr Ashok Sethi, Director, Trade Promotion Council of India
The session will be moderated by Virat Bahri, Deputy Director-Media & Corporate Communications, Trade Promotion Council of India.
To register for the session,
click: https://zoom.us/webinar/register/WN_A6nhP-kqRSab5-CroHXnvg

Date: February 22, 2022
Mode: Webinar
Time: 8:30 pm IST
Duration: 60-90 minutes (tentative)

For further details and other clarifications, contact Virat Bahri – +91-96671-82697.

Webinar on the Future of Cryptocurrency in India
2022-03-09 15:00 - 16:30
Trade Promotion Council of India (TPCI), will be organizing a webinar on The Future of Cryptocurrency in India on 9th March 2022 (Wednesday), 3:00 pm. The panelists will deliberate upon the growth of cryptocurrency in India and the implications of policy mechanisms being devised to regulate this sector.

Trade Promotion Council of India (TPCI), will be organizing a webinar on The Future of Cryptocurrency in India on 9th March 2022 (Wednesday), 3:00 pm. The panelists from industry and academia will discuss the growth of cryptocurrency in India and the implications of policy mechanisms being devised to regulate this sector.
Experts believe that cryptocurrencies are intended to revolutionize finance and have the potential to play a critical role in how finance pans out in the future. These borderless transactions have, of late, become very popular all over the world, with India being among the top countries as far as cryptocurrency market is concerned. One of the reasons for this is that cryptocurrencies and other crypto products (like non-fungible tokens or NFTs) entail decentralized finance.
Given the growing popularity of cryptocurrencies in India, the government is working on the ‘Cryptocurrency and Regulation of Official Digital Currency Bill’. What makes this even more interesting is that the proposed bill also seeks to prohibit all private cryptocurrencies in India (with some exceptions) and introduce an official digital currency to be issued by the Reserve Bank of India. Another recent development is that while India has decided to not recognise bitcoin as a legal tender, the 2022-23 Union Budget has proposed to impose a 30% tax on gains made on such trades, besides subjecting crypto transactions beyond a threshold to 1% TDS.
In context of the ongoing debate on whether crypto currency is a boon or a bane, this webinar analyses the implications of cryptocurrency for businesses & the economy and the possible contours that cryptocurrency regulation should now take.
The focus topics for the webinar are:
● The factors driving cryptocurrency’s global adoption
● Implications of cryptocurrency for businesses
● Why does cryptocurrency need to be regulated & what is the crypto bill?
● Industry’s take on the budget proposition of imposing tax on gains from crypto transactions
● India having an official digital currency and its implications
The speakers for the session are as follows:
● Sumit Gupta, Co-Founder and CEO, CoinDCX
● Dr Sushmita Ruj, Senior Lecturer, School of Computer Science and Engineering, University of New South Wales, Sydney
● Sanchit Vijay, Partner – Deals & Valuations, Corporate Professionals
● Dr Suranjali Tandon, Assistant Professor, National Institute of Public Finance and Policy
To register for the session, click
https://zoom.us/webinar/register/WN_usTGlV-HSMKhNLOUscHV6g
For further details, contact Nikhaar Gogna at editorial@tpci.in
