Senior Economists Roundtable (SER 2016) on Tax Levy & Its Implications on India's Gold Ecosystem at NIPFP, New Delhi on 17 October 2016
The plan to organise a ‘Senior Economists Round Table' was conceived in one of the IGPC GC (Governing Committee) meetings in 2016 catapulting IGPC a step forward in policy work on gold further to its signature workshop on GMS organised in October 2015. The members of IGPC decided to collaborate with NIPFP (National Institute of Public Finance & Policy), a reputed institution of Ministry of Finance with a plethora of work on public policy impacting the India economy and industries through papers, training, seminars, research, colloquia and the like. Members from IGPC at the panel of SER were Professor Arvind Sahay, Head, IGPC, Professor Ashish Nanda, Director IIM Ahmedabad, Professor Errol D'Souza, Dean (Faculty), IIM Ahmedabad, Mr. P.R. Somasundaram, Managing Director India, World Gold Council. Ms. Ruchi Agarwal, Manager IGPC was present for facilitating, co-ordinating and managing the event with NIPFP and Media.
The theme of the Roundtable was "Tax Levy and its implications on India's Gold Ecosystem"-pertinent to the current issues in the economy in general and gold sector in particular. The proposed GST legislation is the biggest indirect tax reform envisaged in the country. As the policy makers are drafting and advocating the proposed Goods & Service Tax (GST) regime which is likely to impact the gold industry significantly, IGPC's plan to host the roundtable was a step to create an open neutral platform for deliberations by experts and stakeholders.
The SER witnessed participation by leading economists from the government, academia and industry delegates from across the gold value chain viz. bullion banks, refiners, jewellery associations, logistics companies, tax consultants and so on. There was participation by 11 economists, about 30 delegates from industry, WGC and NIPFP. A few journalists were invited post noon session for a media interaction.
For further details please refer to IGPC's 2nd Annual Report 2017