How to do business like Baniya:

Calling a guest for a lunch/dinner, an informal meet still is one of the best ways to talk business. Just call everyone up, it looks like great hospitality and get business done.

~38 million weddings happened in 2023 in a period of 25 days. The very fact that all the major news houses are posting this as the main news for the day should be taken with a pinch of salt.

Why all the noise around the Ambani wedding?

1. The presence of the global tycoons has surely put “Jamnagar” on trending but it can be called strategic.
2. Like Jio in 2016, Reliance is about to roll out “Hanooman” an AI model around March.
3. Jio Brain is an AI platform that uses machine learning and offers services like image, text and video generation across a network of about 450 million subscribers.

What better publicity than the wedding and the guest !?

To top it all, all these vvip whose 5minutes are more important than someone’s entire day, why are they attending!?

Business ki baat hai mota Bhai:

1: Bill Gates: Jio and Microsoft are partnering to launch a global cloud center.

2. Mark Zuckerberg: has less to do with weddings and more for the global foray in the business.
3. Sundar Pichai: If you remember, Google holds 7.73% in Jio platforms along with Meta
4. Bob Iger : Disney’s Star India is merging with Viacom.Reliance is investing $1.4 billion in the venture controlled by RIL and owned 16.34 per cent by RIL, 46.82 per cent by Viacom18, and 36.84 per cent by Disney Star
5. Saudi Aramco’s chairman Yasir Al Rumayyan: The $15 billion deal between Saudi Aramco and Reliance was called off in 2022 due to differences in valuation.But who said things cannot start again!?

• aramco is seeking refining and chemical deals in Asia to rapidly expand the business and secure long-term buyers for its crude and well Reliance has a strong foothold there.

2. Shantanu Narayan: Should not come as a surprise if Jio Brain partners with Adobe !
3. Ivanka Trump: US presidential elections are all set to happen in 2024.Ivanka being the daughter of Donald Trump only makes sense strategically!
4. Celebrities: Mind you, Reliance has a big presence in retail and nothing works better in India than Bollywood and cricket!

Ambani’s don’t do anything without a reason.

Introduction:
A comment by Thailand’s ambassador to WTO Pimchanok Vonkorpon Pitfield accusing India of using subsidised rice procured for the public distribution system for capturing the export market has created a diplomatic storm with the government lodging a protest against the statement and Indian negotiators refusing to participate in discussions where Thai representatives are present

The Thai ambassador’s statement came during the meeting of the World Trade Organisation (WTO) in Abu Dhabi.

What is the genesis of the spat?

1. Back in 1994, the WTO set up an agreement to lower import taxes and subsidies that affect agriculture.
2. Subsidies can make farming and trade unfair because they might encourage overproduction or lower prices too much.
3. The rules allow developing countries to subsidise up to 10% of their agriculture’s value of production. For developed countries, the cap is 5%.
4. But rich countries have found ways to go much higher than their cap. For instance, a paper by the Centre for WTO Studies estimated that EU was providing 150% of its sugar’s value of production as subsidy, and the US 189% to coffee.
5. The rules favour wealthier nations, giving them more ways to support their farmers and dominate the global market. This makes it harder for poorer countries to compete.
6. For example, India has exceeded the 10% subsidy limit for rice, and others might too. The prices, set in the 1980s as a reference for what counts as a subsidy, are outdated, not accounting for inflation or current market prices.
7. Farms are small in India, which makes government support vital. There is also the need to keep food in stock for the poor during crises like the Covid pandemic or global conflicts.
8. Calculations by Centre for WTO Studies show that per farmer support in India is around $300, whereas in US it is around $80,000. So, an American farmer, with average land holding of 180 hectare, gets 267 times what a tiller gets in India, where average land holding is just above one hectare.
9. To move forward with trade discussions, developed countries agreed to a ‘peace clause’ that prevents disputes over subsidy limits. Since then, India and others have been pushing to find a permanent solution.
10. Rich countries think public stockholding programmes distort trade. They’ve accused developing countries like India of exporting subsidised grains. This is where Thai ambassador’s Wednesday allegation comes in.

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OCTOBER 2022:

8 of our top retired Naval officers working for an Omani Co are arrested by Qatar Govt on charges of espionage.

26th Oct 2023:

Qatar announces Death sentence for all 8 of them!

26th Oct 2023:-

Entire CONgress, AAPiyas, LKFCs, Left Cabal system rejoiced & started vulture politics blaming PM Modi. Paid Lutyens Media supported them!

20th Nov 2023:

Suddenly Qatar Court accepts Hearing of Appeal filed by Govt of India.

23rd Nov 2023:

Hearing Happens

1st Dec 2023:

PM Modi meets Qatar Amir in Dubai.

3rd Dec 2023:

Indian Ambassodor Mr Vipul gets Consular Access to the 8 officers in jail.

7th Dec 2023:

Another Hearing takes place.

28th Dec 2023:

Court overturns death the sentence & Commutes it to Life sentence.

11th Feb 2024:-

All 8 Jailed Navy Veteran officers are asked to pack their bags & wait by the Qatar’s Jail Authorities.

11th Feb 2024:

Surprised Veterans whisked away to Qatar’s Doha Airport quietly at midnight where a special Indian Aircraft was waiting.

12th Feb 2024:

All Navy Veterans arrive back to India at morning 2 AM!

Modi and Jaishakar succeed in bringing all the 8 top Naval officers (Retd) back home safely!

CONgis, AAPiyaas, LKFCs, Left Cabal, Lutyens Media are in great shock!

ModiHaiTohMumkinHa

Continuously Update Your Knowledge: Stay updated with the latest developments, regulations, and best practices in your field. Take advantage of professional development courses, webinars, seminars, and conferences to enhance your knowledge and skills.

Networking: Build and maintain a strong professional network. Attend industry events, join professional organizations, and engage with peers to increase your visibility, exchange ideas, and explore new opportunities.

Build a Personal Brand: Create a strong personal brand by showcasing your expertise, professionalism, and integrity both online and offline. Develop a professional website, maintain an active presence on social media, and share thought leadership articles to establish yourself as an authority in your field.

Expand Your Skillset: Acquire additional skills that complement your finance expertise. This could include areas like leadership, communication, project management, or technology. Having a diverse skill set can open up new career prospects and make you a more well-rounded professional.

Seek Challenging Assignments: Take on challenging projects or assignments to gain practical experience and expand your knowledge. This will not only enhance your skills but also showcase your capabilities to employers or clients.

Maintain Work-Life Balance: While excelling professionally is important, it is equally crucial to maintain a healthy work-life balance. Prioritize time for your family, friends, hobbies, and self-care to ensure overall well-being.

Give Back to the Community: Engage in activities that contribute to the betterment of society. Volunteer your time and expertise to organizations, participate in community events, or mentor aspiring finance professionals. These activities not only provide personal satisfaction but also enhance your professional reputation.

Setting Goals: Set both short-term and long-term goals for your professional and personal life. Regularly review and update these goals and develop actionable plans to achieve them. Setting clear targets and working towards them will keep you motivated and focused.

Remember, achieving perfection is a continuous journey, and it’s important to be adaptable and embrace lifelong learning. By following the above tips, you can further enhance your professional growth, contribute to your family’s well-being, and become a well-rounded and successful finance professional.

The India Electronics and Semiconductor Association (IESA) has recently launched the 2024 Edition of the Compendium of Semiconductor & Electronic System Design and Manufacturing (ESDM) Policies in India.

The Compendium serves as a comprehensive resource that provides an overview of the policies related to semiconductors and the ESDM sector in India. It aims to facilitate a better understanding of the policies, initiatives, and regulations governing the semiconductor industry and the overall electronics manufacturing ecosystem in the country.

The 2024 Edition of the Compendium is an updated version that takes into account the latest developments, amendments, and additions made to the policies since the previous edition. It covers a wide range of topics such as investment incentives, taxation, intellectual property rights, export promotion, skill development, and research and development initiatives specific to the semiconductor and ESDM sectors.

By launching this report, the IESA aims to provide industry stakeholders, policymakers, investors, and other relevant parties with up-to-date information and insights into the policies and initiatives that can impact the growth and development of the semiconductor and ESDM industries in India.

1. Secure your life :
You are not Laxman, and there is no Hanuman to get Sanjeevani for you…. so get health & life insurance
2. Set your budget :
Set “Laxman Rekha” of your financial budget and make sure not to cross it. Understand the difference between need and want …. be financially disciplined.
3. Contingency Fund :
Unexpectedly, Lord Ram was sent to ‘Vanvas’ for 14 Years and was forced to leave his luxurious Palace. Not everyone can live with such sudden changes in lifestyle. Have an adequate emergency fund to handle unforeseen circumstances. 
4. Be Patient/Think Long Term :
During the 14 years of ‘Vanvas’, Lord Ram faced many ups and downs, including the kidnapping of Devi Sita. Lord Ram patiently waited until the situation was favourable, rather than choosing shortcuts. Stay invested for the long term, there is no shortcut to success.
5. Choose advisors wisely
Kaikeyi took Manthara’s advice… & Ramayan happened. Stay away from those trying to sell Lucrative policies, products and from distributors who are disguised as advisors for their own benefit.
6. Build Corpus
Lord Ram, Sita, and Laxman left Ayodhya with nothing. They patiently built their network and Vanar Sena over the years in order to reach the objective of defeating the Ravan. It takes patience to build a corpus, to defeat inflation in the long run.
7.Cultivate discipline :
Lord Ram practiced “Dharma” in order to be right, responsible and disciplined in life. Apply a similar theory to your life. Save judiciously, spend carefully and invest wisely for a disciplined financial life.
8. Wipe your slate and start over
The 14-day Lanka War marked the defeat of evil and set the stage for a new path. Similarly, forget bad decisions that you made in the past and make informed decisions to streamline your financial journey.
9. Wealth creation demands time.
If you want to create wealth & have ‘Sone ki lanka’, have patience to sleep over investment for 14 years like Kumbhakarna had done.
10. Believe in karma
Continue to do good things and karma will eventually reach you.

India and France have decided to deepen their Indo-Pacific security, defense, and space ties, with deals ranging from military-industrial cooperation to boost the former’s exports, jointly building a helicopter engine, constructing additional conventional submarines, and joint satellite launches in the foreseeable future.

These agreements were reached during French President Emmanuel Macron’s state visit to India to be the chief guest at the Republic Day parade. He also met one-on-one with Prime Minister Narendra Modi, after which the two sides signed several agreements in strategic sectors.

The main focus of Macron’s visit, coming as it does for the second time in six months after he visited New Delhi for the G20 summit hosted under India’s presidency in September 2023, was to ramp up the gains the two nations have achieved in the last few years in critical sectors.

Macron and Modi recognized the defense and security partnership as the principal pillar of the two nations’ ties and as a source of strengthening their respective country’s sovereignty and strategic autonomy and advancing peace in the Indo-Pacific region.

Indo-Pacific Security Focus To Counter China’s Expansionism

In a joint statement released after their bilateral meetings, the two leaders reiterated their commitment to further deepen the long-standing partnership between the two countries based on their shared vision for the Indo-Pacific region. The leaders emphasized the region’s significance for their respective sovereign and strategic interests.

They also acknowledged “the crucial role of their partnership in the region for advancing a free, open, inclusive, secure, and peaceful Indo-Pacific and beyond,” an euphemism for countering the aggressive, expansionist plans of Communist China.

India and France signed a Comprehensive Roadmap in July 2023 to boost their engagement in the Indo-Pacific region against China, which is a pain for Indo-Pacific nations with its territorial claims. China has inflicted military conflicts not only with India but also with other nations, such as the Philippines, with which it has behaved aggressively in recent times over claims to the Second Thomas Shoal.

India’s ties with France extend from intelligence and information exchange to military exercises and defense equipment purchases across all domains from the seabed to space.

Defense-Industrial Cooperation To Boost India’s Arms Exports

The two leaders also committed to further deepening the integration between the two countries’ respective defense industrial sectors and “to work together to identify opportunities for co-design, co-development, and co-production with the objective of not only fulfilling the defense needs of the Indian armed forces but also of providing a viable and reliable source of arms supplies to other friendly countries.”

The aim is to boost India’s defense industrial capabilities and capacities to meet its target of US$25 billion in military production and US$5 billion in arms exports by 2025. The defense industrial collaboration, especially from the design stage, not only creates quality jobs for the youth and advances Modi’s vision of a ‘Self-Reliant India’ but also supports broader progress in scientific, technological, digital, and material sciences fields to realize the vision of ‘Developed India’ for 2047.

Airbus, Tata Tie-Up For Civilian Helicopters

The two leaders also announced Airbus’s decision to partner with Tata Advanced System to begin the assembly of single-engine H125 civilian helicopters in India. The two companies will become the first private sector companies to produce helicopters in India, in line with the Indian government’s strategy of self-reliance.

Airbus has decided to give growing orders for aircraft parts in India for its European assembly plants. The Final Assembly Line for H125s will be ready in 24 months after the two companies decide on the location, and the India-made helicopters will roll out from 2026.

Scorpene Submarine Localization Plan

The two sides also announced a comprehensive helicopter partnership with a Joint Venture for an Indian Multi-Role Helicopter engine between Hindustan Aeronautics Limited (HAL) and Safran, apart from localization of the Scorpene submarines being constructed in India, including indigenization.

In July 2023, when Modi was in France, the two nations announced the construction of three additional Scorpene submarines by the Mumbai-based Mazagon Dock and Shipbuilders Limited (MDL). Still, they removed it from the joint statement then.

Joint Satellite Launches Soon

India and France are already cooperating in the Space sector, with each other’s satellites being launched by their respective space agencies. This Space sector relationship has lasted for six decades, and the two nations established the Strategic Space Dialogue in June 2023 to take their cooperation a notch higher by providing strategic guidance and direction across all aspects of space cooperation.

India and France committed this time to further expanding space cooperation for “the benefit of their countries, humanity, and the planet, including through co-development, manufacture and launch of satellites and payloads, research in new launch vehicle technologies and reusable launch vehicles and connecting the startups and users in both countries.”

We can serve you with the following services:

Acounts

• Maintenance & Finalisation of accounts.
• Preparation of balance sheet, profit & loss account.
• Outsourcing Accounts.
• Payroll Maintaining.

Registrations

• All types of Registrations.
• Shop Establishment
• Professional Tax
• Trademark / Logo

Audits

• Statutory Audit Report.
• Tax Audit Report.
• Internal Audits.
• Stock Count/Audit.
• Certifications.

Tax Returns

• Tax Computation & filing.
• Tax Planning.
• Statutory compliance – GST, TDS, Professional Tax, IEC Code, MSME.

GST

• GST Registration
• GST Audits.
• GST Returns Filings
• GST Refunds.
• GST Tax Planning.
• GST Related Issues

Rent Agreement

• Agreement making
• Leave & License Agreement

Loans

• Project Report for loan.
• Mudra Loan.
• All types of Loan.

Documentation

• Procedures Writing (SOP).
• Agreements / HUF / Partnership Firm.

Other Works – We can do
Digital Signature – PAN Card – Aadhar Card – Tds No. – Property Documents – Driving License – Passport – ESIC – PF – FSSAI.

Investments

• Tax planning investments.
• Capital Gain Bonds.
• Mutual Fund investments.
• Insurances Products.

Company Law (ROC)

• ROC related works,
• Company Creation,
• All Return/ Form filing.

GeM Registration

• Registration – Vendor Credation – Product Catelogue – etc.

For more information, WhatsApp to us at Mobile No. 91- 98200 – 88394 or email to Intellex@intellexconsulting.com .

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Team Intellex Strategic Consulting Private Limited ( India)

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Introduction:
The UAE Federal Tax Authority has issued guidelines for determination of Corporate Tax liability on Individuals.

The guide provides a “comprehensive and simplified” explanation and instructions for natural persons making income in the UAE.

The term natural person refers to a “living human person of any age, whether resident in the UAE or elsewhere”.

A Summary of the guidelines:
1. A natural person must register for corporate tax purposes and obtain a Tax Registration Number if their total turnover from business or business activities exceeds Dh1 million ($272,294) within a calendar year from 2024.

2. Income from wages, personal investment and real estate shall not be considered as arising from business activities.

3. Where a UAE non resident natural person conducts a business in UAE, he shall also be subject to corporate tax.

4. A natural person residing outside UAE may also be a non resident natural person and not subject to corporate tax in case they derive state sourced income ie income derived from UAE but not through business activities conducted in UAE.

5. Corporate tax rate is 9%.

6. Interest deduction cap of 30% applicable to corporates is not applicable to natural persons and the entire interest expense is tax deductible.

7. Transactions of natural persons with related parties shall be required to follow the arms length principle.

Intellex Strategic Consulting Private Limited

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Consumer
Manufacturing
Healthcare
ITeS/SaaS
BFSI

Company’s minimum turnover should be 200 crs & above.

Fund is providing growth capital in between $5 to $10 million, wants around 20 to 30% equity stake and play an active role with the management to take the company forward.

Interested Companies can connect with us via email to sudheendra@venturestreets.com or WhatsApp on 91-98200-88394.

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Team- Intellex Strategic Consulting Private Limited
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