Download Newsletter June - Indian Business Chamber

Newsletter for the Month of Jun-2016
Indian Business
Chamber
Kardinaal de Jongstraat 2, 1181 MH Amstelveen, The Netherlands
http://www.indianbusinesschamber.nl/
T: +31615058968
Upcoming Events
August 31
Dear Reader,
Business Seminar
I thank all the members for their active participation in our
Annual General Meeting.
September 10
We welcome you all to a new initiative by our association; the
monthly newsletter. This is a new step forward in order to keep
everyone in touch and up-to-date with global matters that
affect the business community at every level.
In today’s world, everyone; whether a business firm or an
individual, is connected at some level. Thus, networking and
exchange of information and ideas will surely benefit all of us.
Harry Bahl (Chairman IBC)
IBC Annual Golf Tournament
October 22
Diwali Dinner
Important
Announcement – IBC
Board Members
Harry Bahl
Key Activities
The Annual General Meeting of Indian Business Chamber was held
on May 20th 2016, to conduct election of the new board.
(Chairman)
Pramod Sharma
(Vice Chairman)
Shivan Bhoendie
(Secretary)
Points on the agenda of the new board; will include, but not be
limited to
-
Business seminars.
Company visits.
Extensive social and commercial interaction between
members.
Newsletters and updates.
Increasing members in our association.
Indian Business Chamber Newsletter Jun-2016
Manu Katyal
(Treasurer)
Board Members:
•
•
•
•
Jasbinder Singh
Dilip Kumar Gurnani
Vinod Sehdev
Sumit Anand
Page 1 of 3
Important News – Netherlands
Dutch politicians shocked by Brexit vote, see EU reforms ahead
Britain’s narrow vote in favor of leaving the European Union means Brussels must now
undergo serious reform, many Dutch politicians said on Friday. In addition, the
Netherlands’ own membership of the EU is likely to be a dominant issue in next year’s
election campaign, commentators said
Read More
Dutch earned €20bn on exports to Britain last year
The Netherlands earned €20.5bn last year exporting goods and services to Britain; the
equivalent of 3% of GDP, according to new figures from the national statistics office CBS.
Read More
A Brexit will cost the Dutch economy €10bn over 15 years
A British withdrawal from the EU will cost the Dutch economy €10bn in lost income by 2030,
according to calculations by the government’s macro-economic think tank CPB. The drop
in trade with Britain will mount up to 1.2% of GDP within the next 15 years, the CPB said on
Thursday. The impact of a Brexit on the Netherlands will be larger than in many other
countries because of the close trading links.
Read More
More bad news on the high street: Scheer en Foppen goes bust
Household goods chain Scheer en Foppen has become the latest Dutch retail group to
go bust.
Read More
Dutch economy grew 0.5 percent in first Quarter
The Dutch economy grew 0.5 percent in the first quarter of this year, compared to the last
quarter of 2015, according to figures Statistics Netherlands released on Friday. Compared
to the first quarter of 2015, the economy grew 1.5 percent in the first quarter. The preliminary
figures had the growth at 1.4 percent.
Read More
Indian Business Chamber Newsletter Jun-2016
Page 2 of 3
Important News – India
Well prepared to deal with Brexit: Indian Finance Minister Arun Jaitley
NEW DELHI: India is well prepared to deal with the outcome of Britain's referendum on
leaving the European Union, finance minister Arun Jaitley said on Friday, highlighting
country's stable economy and strong reserves position.
Read More
Brexit: Here's what UK exiting EU means for tech companies in India
Terming the Brexit announcement as a phase of uncertainty, Nasscom president R
Chandrashekhar said, “NASSCOM urges policy makers in Brussels and London to provide
greater clarity and guidance on the next steps as soon as possible, so that our businesses
have the certainty they need to continue to invest in UK and Europe.” Earlier in a
statement, Nasscom said that while it is still trying to gauge the extent of the impact, the
immediate impact on the short term due to the uncertainty in the environment can't be
ruled out.
Read More
PM Modi to launch works in 20 smart cities in Jun 2016
Execution of works in 20 smart cities will kick-start from June 25 with Prime Minister Narendra
Modi launching 14 projects in Pune, while 69 others will commence in other parts of the
country entailing a total cost of Rs 1,770 crore.
Read More
After Mauritius, now Indian government wants to amend Dutch tax treaty; asks Netherlands
to resume talks
NEW DELHI: India has asked the Netherlands to resume negotiations on amending their
bilateral tax treaty as the government extends its efforts to plug loopholes in such accords
to curb misuse. The Dutch tax treaty, which allows exemption from capital gains and a
lower rate of tax on dividends, has led to the proliferation of holding company structures.
Read More
Indian Business Chamber Newsletter Jun-2016
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