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Implications of Union Budget on the Oil & Gas Sector – Seminar at Mumbai

For the fourth consecutive year, a Senior Management Meet on ‘Implications of Union Budget on the Oil & Gas Sector’ was organised at Mumbai in knowledge partnership with member company PricewaterhouseCoopers (PwC) on March 2, 2010.

The session was chaired by Shri P. Raghavendran, President (Refinery Business), RIL and Vice Chairman, PetroFed. A keynote address was delivered by Dr. Siddhartha Roy, Economic Advisor, Tata Group on “Where the Economy is Heading”.  The participants were earlier welcomed by Shri S. L. Das, Director (BD&C), PetroFed.

The detailed implications of the Union Budget on the Oil and Gas Sector for Direct Tax and Indirect Tax were presented by PwC Executive Directors Shri Ashutosh Chaturvedi and Shri S. Madhavan respectively.

The industry perspective was presented by Shri S. K. Joshi, Director Finance, BPCL and Shri R.G. Subramanian, Convenor, Tariff, Duties & Taxes Committee, PetroFed and Sr. Vice President (Commercial), RIL.

The Session Chairman presented a snap-shot of the budget on the sector in his opening remarks and called for preparation of a Post-Budget Memorandum to the Government at the conclusion of the session.

Click here to view presentations and published brochure.

Session Chairman, Mr. P. Raghavendran, Vice Chairman, PetroFed & President (Refinery Business), RIL  (R) being welcomed by Mr. S. L. Das, Director (BD&C), PetroFed with a bouquet of flowers.
Mr. S. L. Das, Director (BD&C) welcoming the participants.
Mr. P. Raghavendran, Vice Chairman, PetroFed and President (Refinery Business), RIL delivering opening remarks.
Dr. Siddhartha Roy, Economic Advisor, Tata Group delivering keynote address.
A section of the participants.
Mr. Ashutosh Chaturvedi, Executive Director, PwC delivering his presentation on Direct Tax.
Mr. S. Madhavan, Executive Director, PwC giving his insight on Indirect Tax.
Mr. S. K. Joshi, Director (Finance), BPCL giving his perspective.
A section of the participants.
Mr. R. G. Subramanian, Convenor, Tariff, Duties & Taxes Committee, PetroFed and Senior Vice President (Commercial), RIL making his presentation.
Mr. V. K. Jain, General Manager (Finance), HPCL raising a query during Open Session.
Dr. Siddhartha Roy, Economic Advisor, Tata Group (R) replying to a query.
Mr. P. Raghavendran, Vice Chairman, PetroFed and President (Refinery Business), RIL delivering closing remarks.
Mr. P. Raghavendran presenting a memento to Dr. Siddhartha Roy.
Mr. P. Raghavendran presenting a memento to Mr. S. K. Joshi.
Mr. P. Raghavendran presenting a memento to Mr. R. G. Subramanian.
Mr. P. Raghavendran presenting a memento to Mr. S. Madhavan.
Mr. S. L. Das presenting a memento to Session Chairman, Mr. P. Raghavendran.