International Tax Alert - June 2017

June 2017

The Indian Tiffin XIV

A bi-monthly publication from BDO India, "The Indian Tiffin" brings together business information, facilitating decision-making from a multi-dimensional perspective. The unique name of this thought leadership piece is inspired most literally by Indian tiffins, referring to home cooked lunches delivered to the working population by 'dabbawalas' – people who deliver the packed lunches (tiffins). In that same sense, the purpose of “The Indian Tiffin” newsletter is to deliver a variety of news to satiate your palate, from domestic and cross-border updates to India business perspectives. This issue covers:
  • India Economic Update by Milind S.Kothari, Managing Partner, BDO India LLP.  The Update outlines the government’s three year performance in light of key economic reforms under Prime Minister Mr. Narenda Modi’s led National Democratic Alliance.
  • Learn about deal announcements in the M & A Tracker from Rajesh Thakkar, Partner, Transaction Tax /Tax & Regulatory Services.  Hear about 110 M&A deals that were announced and/or completed between April 2017, and May 2017, with an aggregated value of approximately $3.59 billion USD, the sectors the deals came from, and targeted companies.
  • In the Featured Story, Akshay Garkel, Partner, IT Advisory/Risk Advisory Services, takes a sectoral-dive into cyber threats for the insurance sector, elaborating on the security framework for insurers.
  • The Guest Column features Sameer Saxena, the Managing Director of SMG Information Security Media Group, India.  SMG is one of the fastest growing security professionals’ community talking about assessing risk metrics as the first step to making business-critical information, cybersecure.