Modern Exchange to conduct seminar on 'Indian Budget'

MUSCAT: Modern Exchange Company (MEC), a leading player in the money exchange business in Oman, is organising a seminar ‘Indian Budget 2017-18’ at Al Falaj Hotel, Grand Hall, Ruwi on February 13 at 6.30pm.

Homi Phiroze Ranina, an eminent legal luminary and chartered accountant, will be the keynote speaker, says a press release.

A Fellow of Institute of Chartered Accountants of India and a trained lawyer, Homi Phiroze Ranina is an advocate at Supreme Court of India. He has over 30 years’ experience and is known for his insight and rich expertise in matters related to taxation, finance and corporate management. Ranina has served as director of Reserve Bank of India.

He will discuss his experience and thoughts on the overall trends and implications of the Union Budget 2017 that will impact India. Some of the highlights will focus on the budget aimed at creating a strong base for economic growth, setting up progressive policies and fiscal discipline. Aligning various measures towards employment generation and an agenda for faster economic growth with special focus on areas demanding utmost attention viz, rural sector, agriculture, social security, health, education infrastructure, financial sector and entrepreneurship.

Phillip Koshy, GM, MEC said “Our objective is to create an opportunity for all our NRIs in Oman to understand the implications of the 2017 Budget and how India is poised to become the world’s fastest growing major economy in 2017, with recent developments, various initiatives, policies and fiscal measures deployed to make India a strong and a formidable nation and India’s attractiveness as the No. 1 investment destination globally. We have invited Homi Ranina, as a key note speaker to share his insights and impact of the Indian Budget 2017.”

MEC has, over the years, emerged as the undisputed leader and the most preferred money remitter for expatriates in Oman.