Basudev Mukherjee

An ASSOCHAM delegation led by Mr. Saurabh Sanyal, Secretary General, ASSOCHAM, along with Mr. Basudev Mukherjee, Assistant Secretary General, ASSOCHAM, and Mr. Avinash Sharma, Senior Director, ASSOCHAM, met Hon’ble Mr. Justice Nitin Wasudeo Sambre, Acting Chief Justice, High Court of Delhi, to discuss strengthening institutional arbitration and promoting fair, timely and transparent dispute resolution. The interaction highlighted the importance of industry-judiciary collaboration in building an efficient and robust arbitration ecosystem. #ASSOCHAM #DIAC #Arbitration @MLJ_GoI @ASSOCHAMSG @basu30470

At the 21st ASSOCHAM Annual Summit & Awards on Banking and Financial Sector Lending Companies, held on 16 October 2026 in Mumbai, Mr. Raj Kokil Singh, Chief Risk Officer, Central Bank of India, shared his perspective on the importance of resilience, responsible lending, digital transformation and customer trust in shaping India's financial future. As India advances towards the vision of Viksit Bharat, a strong, inclusive and future-ready banking ecosystem will remain central to sustainable economic growth. #ASSOCHAM #Banking #FinancialServices #FinancialEcosystem #Lending #IndiaGrowth #FinancialInclusion #ViksitBharat @basu30470

ASSOCHAM, under the leadership of Mr. Saurabh Sanyal, Secretary General, hosted an interactive meeting with a high-level delegation from the Republic of Mozambique on 23 October 2026 at ASSOCHAM Head Office, New Delhi. The delegation was led by H.E. António Jorge do Rosário Grispos, Secretary of State for Commerce, Ministry of Economy, Republic of Mozambique, accompanied by H.E. Armando Pedro Muiuane Junior, High Commissioner of the Republic of Mozambique to India, and senior officials. The discussions focused on strengthening India–Mozambique bilateral trade, investment and business partnerships, with emphasis on opportunities in agriculture and food processing, energy and mining, pharmaceuticals and healthcare, infrastructure, renewable energy, Logistics and MSME cooperation. The interaction also highlighted the potential for enhanced industry collaboration, technology partnerships, capacity building and greater private-sector engagement between the two countries. ASSOCHAM reaffirmed its commitment to facilitating stronger business linkages and fostering mutually beneficial economic cooperation between India and Mozambique. @ASSOCHAMSG @ambishhh @basu30470 @SantoshMathew15

The National Conclave on GST 2.0 brought together policymakers, industry leaders and tax experts to discuss recent GST Council changes, AI-led compliance, dispute resolution, and MSME and trader challenges. 🎥 Watch glimpses from the Conclave and the conversations shaping the next phase of India’s GST journey. #ASSOCHAM #GST2Point0 #NationalConclaveOnGST #GST #TaxReform #EaseOfDoingBusiness #DigitalGovernance #MSME #ViksitBharat2047 @FinMinIndia @GST_Council @katyayani13 @agarwalkanil123 @basu30470

Mr. Anil K. Agarwal, Past President, ASSOCHAM, outlined the priorities for the next phase of GST reform, stating, “As India advances towards Viksit Bharat, the next stage of GST reform must rest on 4 pillars: simplicity, technology that makes compliance easier, effective and speedy dispute resolution, and competitiveness for manufacturing and exports #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @agarwalkanil123 @basu30470

Mr. L. Badri Narayanan, Chairman, National Council on Indirect Taxes, ASSOCHAM, and Executive Partner, Lakshmikumaran & Sridharan, described GST as a defining milestone in India’s reform journey. He said, “India has had a sustained period of reforms. If you see the last 10 years, you've had the Insolvency and Bankruptcy, the Companies Act, you've had RERA, we have so many other changes and reforms. Indian Income Tax Act was amended into a new code. But the jewel among all of these reforms has been GST and continues to be GST.” He also underscored the importance of digitisation and accessible information in helping businesses understand and comply with GST requirements. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470

Addressing the need for more efficient tax administration, Mr. Gaurav Singh, Commissioner, GST Policy Wing–I, Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, emphasised technology-led processes, lower compliance burdens, faster dispute resolution and stronger government–industry collaboration. Stressing the role of automation in improving administrative efficiency, he said, “Let the machine do that validation, and there would be no requirement for an officer. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470

Emphasising GST’s nationwide significance, Dr. Justice (Retd.) Sanjaya Kumar Mishra, President, Principal Bench, New Delhi, Goods & Services Tax Appellate Tribunal (GSTAT), said, “GST law has its own pervasive presence throughout the country. It does not affect only 3 or 4% of the population; it affects everybody. And that is one tax regime that has both the central tax structure and the state tax structure. GSTAT is the first and the only tribunal today which caters to the needs of dispute resolution for both the Centre or the Union Government and the State Governments.” Highlighting the tribunal’s technology-led approach, he added, “GSTAT is the only tribunal that has been digital from day one. We were not working for 50 years in the traditional manner of pen and paper and then trying to shift from pen and paper to the digital gateway. #ASSOCHAM #GST2 #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470

The conclave concluded with a vote of thanks by Mr. Nitin Goyal, Co-Chair, National Council on Indirect Taxes, ASSOCHAM, and President and Group Indirect Tax Head, Welspun Group who highlighted ASSOCHAM’s efforts to strengthen GST implementation through knowledge dissemination sessions for MSMEs, engagement with state GST authorities, and consultations with industry members on audit procedures and proposed return forms. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470

The first decade of GST was about unification, while the second must focus on competitiveness, according to a knowledge paper released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), in collaboration with Lakshmikumaran & Sridharan Attorneys (LKS), at the GST 2.0 Conclave today. Titled “GST @10: From Tax Reform to Economic Infrastructure,” the paper provides a thoughtful review of GST’s journey over the last nine years, presents practical recommendations for the future, and proposes a roadmap for GST 3.0 built around simplicity, certainty, competitiveness, technological advancement and trust-based administration, aligned with the vision of Viksit Bharat 2047. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @agarwalkanil123 @basu30470

Chairing the panel discussion on “Recent Changes by GST Council and What’s Next on GST Reforms,” Mr. Balasubramanian K, Joint Secretary, Department of Revenue, Ministry of Finance, emphasised that the priority following the 57th GST Council meeting is the swift and effective implementation of GST 2.0 recommendations. He highlighted the need for technology-driven systems to detect anomalies early, enabling greater ease of compliance for genuine taxpayers. He said, “The objective is that we will have a system-based, technology-based system which would detect anomalies early enough so that we can have the ease shown to the genuine taxpayer. And that is where we are moving towards. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470

Watch the glimpses from the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies. Under the theme “Resilience, Reinvention and India’s Rise,” the summit brought together banking and financial sector leaders for conversations on financial inclusion, responsible lending, digital transformation, AI, cybersecurity and the opportunities shaping India’s next phase of growth. From insightful deliberations to recognising excellence across the sector, the summit reflected the collective effort towards building a stronger, more resilient and future-ready financial ecosystem. #ASSOCHAM #Banking #FinancialServices #FinancialEcosystem #Lending #IndiaGrowth #FinancialInclusion #ViksitBharat @ASSOCHAMSG @basu30470

ASSOCHAM’s National Conclave on GST20 brings together policymakers, tax experts and industry leaders to deliberate on the next set of structural reforms for Viksit Bharat. The conclave will feature focused discussions on recent changes by the GST Council and the roadmap for future GST reforms, along with dispute resolution and key interpretation issues under GST. 📅 22 October 2026 📍 New Delhi Speakers include: Mr. Balasubramanian K, Mr. Shivam Mehta, Mr. Nitin Goyal, Mr. Pratik Jain, Mr. D.D. Goyal, Mr. Samsudha Majumdar, Mr. Sudipta Bhattacharjee, Ms. Krati Singh, Mr. Himanshu Goel and Mr. Shashaank Shekar Gupta. The discussions underline ASSOCHAM’s role in facilitating informed industry dialogue on taxation and regulatory reforms, supporting a more predictable, efficient and business-friendly GST ecosystem. #ASSOCHAM #GST #GSTReforms #GSTN #TaxReforms #DigitalIndia #ViksitBharat #ASSOCHAMEvents @FinMinIndia @GST_Council @basu30470 @LKSattorneys @KhaitanCo @Maruti_Corp @PwC_IN @TrilegalLaw @Unomindacom @axisbank @Sorin @YESBANK

Welcoming delegates at the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, Mr. @MindaNirmal, President, ASSOCHAM, set the context for the day’s theme, “Resilience, Reinvention and India’s Rise.” He highlighted the vital role of banks, NBFCs and financial institutions in supporting MSMEs, infrastructure, manufacturing, housing, agriculture and emerging enterprises, while emphasising trust, transparency, governance, cybersecurity and responsible lending. He also outlined ASSOCHAM’s focus on Make in India, ease of doing business, MSME growth, the digital economy, and sustainability as key pillars for a future-ready India. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @IFSCA_Official @IBA_org_in @ASSOCHAMSG @basu30470

Addressing the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, Mr. Raj Kokil Singh, Chief Risk Officer, Central Bank of India, highlighted the transformation of Indian banking, noting the decline in gross NPA from 4.6% to 1.8% and net NPA from 2.5% to 0.4% over the last decade. He also emphasised the need to balance reinvention with responsible innovation, as digital infrastructure, data-led lending and emerging technologies reshape financial services. For India’s rise, the focus must remain on timely credit, prudent risk management and responsible finance that enables businesses, infrastructure and employment to grow. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @IFSCA_Official @IBA_org_in @centralbank_in @ASSOCHAMSG @basu30470

At the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, held in Mumbai, Ms. Nipa Sheth, Chairperson, ASSOCHAM National Council for Corporate Bond Market and Founder & MD, Trust Group, highlighted the evolving role of India’s corporate bond market in strengthening the financial ecosystem. She noted the steady growth of India’s capital markets, rising investor participation and the emergence of corporate bonds as a reliable alternative channel to bank lending. She also emphasised the need to deepen the bond market, bridge the MSME credit gap, strengthen cash-flow-based lending and expand women’s participation in the financial system. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @IFSCA_Official @IBA_org_in @ASSOCHAMSG @basu30470

“Resilience in the face of uncertainty, innovation in the face of change and inclusion in the pursuit of prosperity.” This was the central message of Mr. @Madnair, Co-Chairman, ASSOCHAM National Council for Banking and Country Head & CEO-India, Bank of Bahrain & Kuwait, in his Theme Address at the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, held in Mumbai. Reflecting on the theme, “Resilience, Reinvention and India’s Rise,” he highlighted how India’s financial sector must prepare for geopolitical uncertainty, technological disruption, cyber risks and changing customer expectations. He also emphasised responsible AI, strong governance and cybersecurity as critical to the next phase of financial services. He concluded by calling for collective efforts to build a financial ecosystem that strengthens enterprises, supports inclusion and contributes to India’s growth ambitions. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @IFSCA_Official @IBA_org_in @ASSOCHAMSG @basu30470

At the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, Mr. Pratik Shah, Partner & National Leader – Financial Services, EY, launched the ASSOCHAM-EY Knowledge Report, “India’s Rise, Reinvention and Resilience.” Highlighting the transformation of India’s financial ecosystem, he pointed to the scale of digital infrastructure, growing MSME formalisation and the significant opportunities emerging across infrastructure, energy, semiconductors, defence and EVs. He emphasised that the next phase will require financial institutions to build deeper sector intelligence, use AI responsibly and strengthen resilience against emerging risks. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @IFSCA_Official @IBA_org_in @EY_India @ASSOCHAMSG @basu30470

Addressing the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, Shri @Jishnu_Devvarma, Hon’ble Governor of Maharashtra, highlighted the need for innovative and sector-specific financing across agriculture, infrastructure, logistics, renewable energy, rural enterprises and startups. He emphasised Maharashtra’s unique position in India’s financial and economic landscape, while underscoring the role of technology, AI and data analytics in making lending more efficient. He also called for stronger cybersecurity, data privacy, consumer protection and collaboration among government, regulators, financial institutions, fintechs and industry. He concluded by calling for a stable, innovative, inclusive and responsible financial system that supports entrepreneurship and advances the vision of Viksit Bharat 2047. #ASSOCHAM #Banking #FinancialServices #Lending #FinancialSector #BankingLeadership #FinancialInclusion #IndiaGrowth #Mumbai @CMOMaharashtratra @maha_governor @IFSCA_Official @IBA_org_in @ASSOCHAMSG @basu30470

At the 21st Annual Summit & Awards on Banking and Financial Sector Lending Companies, ASSOCHAM, in partnership with @EY_India, released the Knowledge Report, “India’s Rise, Reinvention and Resilience: The Next Value-Creation Agenda for India’s Financial Institutions.” The report identifies the opportunities and priorities shaping the sector’s next decade, from financing India’s growth sectors and bridging the ₹30 trillion MSME credit gap to deepening customer relationships, leveraging AI and building resilience against emerging risks. #ASSOCHAM #EY #FinancialServices #Banking #FinancialSector #MSMEFinance #DigitalTransformation #AI #FinancialResilience #IndiaGrowth #ViksitBharat @IFSCA_Official @IBA_org_in @Madnair @ASSOCHAMSG @basu30470