ISSUE No.2 | 2017-18
India’s most widely read newsletter


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From The President’s Desk


This year’s budget differs from earlier ones in the sense that it’s a Bottom Up budget, rather than the usual . By this I mean that major focus is that out of 21 lac crore budget, around 75% is going to spending on farmers , the poor parts of the country, on infrastructure ( which will provide jobs), etc etc. The norm in India and also matured economies like the USA has been what is know as Trickle Down Economics, where the rich become richer, the companies grow more etc. But both these classes do not necessarily spend their earnings/funds on productive activities within the country. Many rich people and companies invest/spend overseas, leaving India and Indians poor.

Now that the poor will get more jobs, more earnings, they will spend on their needs within their own area, locality, day to day requirements, children’s education, medical needs, house buying , travel within India (talking of the bottom of the barrel). This spend will lift the consumption and economy . The rich and companies will benefit too from such overall spending by the masses. It means spreading the wealth of the country across the board.

I am certain the benefits will become transparent as the months go by.

- Vikash Mittersain
IBG Founder & President,



Event Calendar
for March:
  1. Potboiler Networking event on Wed. 15th March at Intercontinental, Marine Drive




1. Entertainment Potboiler” on Wed. 18th Jan.2017 at The Monkey Bar

IBG’s Entertainment potboiler kicked off with an overwhelming response at the Monkey Bar, Bandra west on 18th January 2017. We had beaming personalities from Film Industry like Mr. RajkumarSantoshi and Mr. Indra Kumar as our chief guest for the event.

The following amusing showcases of upcoming film were featured in our event:

  • “The Maharaja Children” by ImtiazBarolia, Zero Gravity Pictures.
  • “Path to Origin” a documentary by Simmer Bhatia
  • “Junoon – once upon a time in Calcutta” by Mr. KumaarAdarsh
  • “The Ghazi Attack” by Sankalp Reddy featuring Rahul Singh, RanaDaggubatti and Tapsee Pannu, Kay Kay Menon; distributed by Dharma Productions.
To add more charm to the event we had actors like Rahul Vohra, Rahul Singh etc.

IBG plans to make this entertainment potboiler as a launch pad for new upcoming movies.






2. “Post Budget Analysis “Event on 2nd Feb.2017

A superb Post Budget analysis and talk by Mr. Navneet Munot of SBI. He spoke to a crowd of over 100 IBG members and also answered all their questions and doubts. His basic premise was that the budget is very good for the long term and it will also help digitization drive of the government and uplifting of the poor and farmers. He said that India is already on the way to long term strong growth, and everyone should be positive towards the economy.






3. IBG in association as an outreach partner to Maker Mela and Facebook Developer Circle, Mumbai on Jan.14th 2017





4. IBG in association as an outreach partner to Etailing Expo 2017 -India's Largest eCommerce,Retail&Mobile Conference & Exhibition in Mumbai on 8th to 10th Feb.2017



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Member’s Corner


Ramnath Rao
Ramnath Rao, is a Chartered Accountant based in Mumbai. He worked in multi-national companies like Arthur Andersen and Thomson Reuters in India and Singapore in Finance, Marketing and Business Planning and Operations holding country specific and regional roles for South Asia, ASEAN and Asia. In his last assignment at Thomson Reuters he has managed the Due Diligence and Integration for acquisitions closing a couple of multi-million dollar acquisitions. He now has his own consulting services, De Emerald Partners, which specializes in project managing and executing Due Diligence and Post Merger Integration for Acquisitions. He is in the process of setting-up his own Investment Advisory service providing Financial Planning and Wealth Management.




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Dated : 10th Feb. 2017
IBG Team