IL&FS Financial Services
Co - Managing Editor
Government’s recent various policy initiatives viz., streamlining of corporate taxes & business regulations, implementing GST, and the demonetisation drive will undoubtedly lead to favourable macroeconomic scenario and contribute substantially to ‘India Growth Story’. Though, demonetisation drive aiming at curbing tax evasion/corruption, has impacted the spending in the short term, but we can envisage its impact to a meaningful shift to Digital India as this has given a tremendous fillip to e-commerce and digital industry in the country
The cover story focuses on the evolution of the digital wave under ‘Digital India’ and its impact on the evolving landscapes of the Indian economy. The story gives insights into many initiatives undertaken by the Government to digitally empower the citizens by creating digitally smart infrastructure and services.
Our MD & CEO - Mr Ramesh C Bawa shares his view on the recent Union Budget, policies and reforms and also highlights the impact on Indian economy post demonetisation. He also shares the significance of the collaboration between IL&FS Group and Lone Star Funds, a leading US Private Equity Firm to jointly invest in stressed infrastructure projects in India.
This edition has some industry experts sharing their thoughts and views on the Budget. We are delighted to have the team of Mr Vijay K. Dhingra (FCA), Ms Geeta Ramrakhiani (ACA) and Ms Priyanka Jain (ACA) from Deloitte Haskins & Sells LLP who discusses key highlights of the budget, whereas Mr A K Prabhakar (Head of Research) from IDBI Capital shares his opinion on the Outlook 2017 for Indian economy and the market scenario going ahead.
In the Interview section, Mr Takehisa Kaneda (India Resident Representative of ORIX Corporation, Japan) speaks to us on Orix future plans and close relationship with IL&FS Group. An article on CEO mentoring which talks about the tremendous growth of IFIN over the years under the able leadership of Mr Bawa is a worthy read
The impact section will take you through various education initiatives undertaken by the Group giving exposure to the students in rural areas to the latest developments in science and technology, but also helps bridge the gap between them and their urban counterparts.
We are honoured and privilege to host the recent visit of Hon. Amarjeet Sohi, Federal Minister of Infrastructure & Communities, Canada to our office in Mumbai and weeklong grand celebration of International Women’s Day.
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