PHD CHAMBER BULLETIN

Vol. XXXIX No. 3 MARCH-2017 `25 SPECIAL REPORT Defining Goods & Service Tax

India Inc. / MARCH 2017 | 1 CONTENTS CONTENTS

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PRESIDENT MESSAGE 4 Monthly news bulletin of PHD Chamber

CHAMBER AT WORK 6 President FOCUS STATES 34 Mr. Gopal S. Jiwarajka Senior Vice President COHESIVE INTERFACE 40 Mr. Anil Khaitan COVER STORY Vice President Mr. Rajeev Talwar ‡ Supply Time & Place of supply and input Tax credit under Revised Model GST law 41 Editor: ‡ A big boost in real estate 47 Mr. Saurabh Sanyal ECONOMY WATCH Secretary General ‡ Policy Pronouncements and Development 48 Production Editor: EXPRESSIONS Ms. Neelu Kapoor ‡ Thus Spoke Finance Minister Arun Jaitley… 50 ‡ PHD Chamber’s Partnership to showcase Jharkhand at Suraj Kund Mela 51 Editorial Design & Production: ‡ PHD Chamber Swachh Paryavaran Campaign 54 HEADWAY #1 Ganga Apt., Alaknanda, New Delhi-19 Tel. : 011-41704107 ‡ Skill Development Initiatives 57 e-mail: [email protected]; www.indusinc.com ‡ Towards Inclusive Growth 61 We welcome your feedback and suggestions: COMMUNIQUE [email protected] or [email protected] ‡ Bureaucratic Movements 67 ‡ New members 67 For further information, please contact: PHD CHAMBER OF COMMERCE AND INDUSTRY ‡ Media Buzz 68 PHD House, 4/2 Siri Institutional Area, ‡ International Exhibitions 70 August Kranti Marg, New Delhi-110016 Phone : 91-11-26863801-04 Fax : 91-11-26855450 ‡ Forthcoming Exhibitions 71 Email : [email protected] Website : www.phdcci.in ‡ Archives 72

2 | India Inc. / MARCH 2017

MESSAGE President’s Message

Friends, both government officials and trade so that it becomes seamless and easier for its timely oday, India is considered a top star per- implementation. former in the world with the economy I must comment here that the industry growing at an impressive 7 percent T should have been consulted in the GST Coun- annually with improved living standards of cil’s decision on the four-tier rate structure at the masses. Emerging as the most attractive 5, 12, 18 and 28 percent. With the govern- investment destination with long-term po- ment now deciding to peg the peak rate at tential, it is considered the strongest among 40 percent in the legislation, I fear that rates G-20 countries. I acknowledge the country’s would increase once GST is implemented. strong macro-economic fundamentals, struc- tural reforms and a shift in investor sentiment, Already SMEs and start-ups are worried about an outcome of the Modi government’s proac- the sweeping nature of reforms that the GST tive approach towards growth that have played seeks to bring in as they don’t have the fi- a vital role in the improvement of macroeco- nancial ability to deal with such large-scale nomic indicators. changes. Not much attention has been given Mr. Gopal S. Jiwarajka to services in general and difficulties of ser- The government’s recent measures to en- President, PHD Chamber vice providers in particular. ergize India’s public finance system through rationalization of tax structure, improved The proposal on anti-profiteering mea- financial access through Jan Dhan Yojana, sure to ensure that trade and industry pass good governance among state-owned banks, The government’s recent the benefits of reduction in tax rates to con- introduction of a Bankruptcy Code, digitiza- sumers should be removed as it is open to measures to energize India’s subjective interpretation. I believe the costs tion as well as curtailing fiscal expenditure are public finance system through indeed noteworthy actions. It is heartening to of compliance and administration will signifi- witness that the 2017-18 budget proposals rationalization of tax structure, cantly outweigh the risks that businesses will are aimed towards stimulating growth, curb- improved financial access seek to ‘profiteer’ from the change in indirect ing black money, promoting digital economy through Jan Dhan Yojana, good tax system. I suggest that GST reform should and simplifying tax administration. Initiatives be complemented by reform in income and governance among state- property taxes in order to be growth-friendly such as BHIM application and Aadhaar pay owned banks, introduction of a have already been incentivizing digitization and redistributive. Bankruptcy Code, digitization of the financial system. Following demone- In sync with the rolling out of GST, the tization, it is now imperative to promote the as well as curtailing fiscal Chamber organized a National GST Conclave use of technology for faster processing of tax expenditure are indeed to discuss and deliberate on the GST in the returns and widening of the tax structure to noteworthy actions. country with its sectoral implications and uni- enhance the country’s tax revenues. form taxability & compliances across India. The Chamber has been regularly organizing Encouraged by buoyancy in tax revenues ing GST will be a bold new experiment in the Knowledge Series on GST to sensitize and with a 17 percent growth in tax revenues in the governance of cooperative federalism. Be- prepare the industry so that seamless imple- last two years, this year’s budget was prudent sides boosting competitiveness, investment, mentation takes place. to keep the fiscal deficit target at 3.2 percent job creation and revenue, it will strengthen of GDP in 2017-18, slightly lower than 3.5 the ability of states to respond to local needs. I would rest my pen with a thought by percent of the current fiscal year. This fiscal GST will undoubtedly bring about radical Prime Minister, Narendra Modi’s quote, “GST deficit target implies gradual medium-term changes in the manufacture, sales as well as is a “great step by Team India, great step fiscal consolidation, driven largely by higher consumption of goods and services in India, towards transformation, great steps towards nominal GDP growth and bolstered by im- replacing different taxes the Centre and State transparency.” Having said I am positive once provements in revenue collection. Governments levy separately. GST is implemented, consumers and small businesses will gain tremendously from GST. The country is all set to witness the big- GST will change the entire landscape With this I strongly endorse the famous say- gest indirect tax reform of unmatched impor- the way the businesses conduct their opera- ing, “of course no power on earth can stop an tance in independent India. The Indirect Tax- tions before this momentous law comes into idea whose time has come.” ation will be completely overhauled with GST force. I expect industry to gear up and strat- most likely to be implemented from July 1, egize the compliance of laws under GST for Let’s earnestly remain inspired and work 2017, thereby making a paradigm shift from the conduct of their operations. Training and together towards building a prosperous and the existing system of taxation. Implement- awareness programs should be conducted for strong India!

4 | India Inc. / MARCH 2017

CAW National GST Conclave One Nation One Tax – Pivotal Tax Reforms

0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHU0U1.*XSWD&R&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHU0U1DMLE6KDK&KDLUPDQ&%(& 0U%LPDO-DLQ&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHUDQG0U9LMD\&KDXGKU\'LUHFWRU)LQDQFH3+'&KDPEHU he Indirect Taxes Committee of PHD bring radical changes in the manufacture, make GST a mass friendly taxation. The Min- Chamber organized a National GST sales as well as consumption of goods and ister assured that he would take up the afore- TConclave – One Nation One Tax – Piv- services in India. said issues in the forthcoming GST Council otal Tax Reforms on February 9, 2017 at Hotel Mr. Bimal Jain, Chairman, Indirect Taxes meetings as he felt that land and real estate Hyatt Regency, New Delhi. The objective of Committee, PHD Chamber felt that for sincere being outside the purview of GST and that the conclave was to promote an informed di- implementation of GST Law by July 1 proper higher taxation slab for consumer durables alogue on the Goods & Services Tax in the training and awareness program should be would not serve its basic purpose. Mr. Si- country with its sectoral implications and uni- conducted for both government officials and sodia also opined that dual control of GST form taxability across India. trade so that it becomes seamless and easier defeated its intended objectives and sought Mr. Manish Sisodia, Hon’ble Finance for its timely implementation. more intense consultations on the issue in future course of GST Council, arguing that Minister, Govt. of NCT of Delhi and Mr. Najib Mr. Manish Sisodia, Finance Minister the objective of GST should be consumer and Shah, Chairman, CBEC graced the occasion commented that land and real estate ought traders oriented and it should not entirely aim as Guests of Honour. to be brought in within the ambit of GST and at raising taxation with higher rates. Mr. Gopal Jiwarajka, President, PHD its taxation slab for vast majority of consumer Chamber shared that the new tax law will durables should be kept at lower ceilings to Mr. Najib Shah urged the industry not to

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6 | India Inc. / MARCH 2017 keep seeking exemptions under the GST re- gime as most of such exemptions would go away when it is put in place after July 1st al- though the deciding authority on doing away with exemptions post GST and fixing its rates would be the prerogative of the GST Council. Senior tax experts present were Mr. Satya Poddar, Ernst & Young; Mr. Mukul Asher, Pro- fessorial Fellow, National University of Sin- gapore; Mr. Sujit Ghosh, Advaita Legal; Mr. Shailendra Kumar, TIOL; Mr. Pratik Shah, SKP Business Consulting LLP; Mr. Ritesh Kano- dia, Dhruva Advisors LLP; Ms. Richa Mishra, Bureau Chief, The Hindu Business Line; Mr. Anil Khaitan, Sr. Vice President, PHD Cham- ber; Dr. Mahesh Gupta, Chairman & Manag- ing Director, Kent R O Systems Ltd.; Mr. S. 0U1.*XSWD&R&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHU0U0XNXO$VKHU3URIHVVRULDO K. Goel, Former Chairman, CBEC; Mr. J. K. )HOORZ 1DWLRQDO 8QLYHUVLW\ RI 6LQJDSRUH 0U %LPDO -DLQ &KDLUPDQ ,QGLUHFW7D[HV&RPPLWWHH 3+' &KDPEHU0U6DW\D3RGGDU(UQVW 

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India Inc. / MARCH 2017 | 7 CAW Polo Exhibition Match, Camel & Canine Show HD Chamber in association with the Border Security Force (BSF) organized Pa unique, first of its kind show- a com- bination of a Polo Exhibition Match, Camel & Canine Show on February 4, 2017 in Jai- pur Polo Ground, New Delhi. The program endeavored to promote tourism, sports, media and entertainment related programs, while simultaneously creating awareness on issues that concern our society, fostering team-building spirit and encouraging people to be more compassionate towards animals. The program commenced with a Polo Exhibition Match between Team A: Red Raid- ers and Team B: Black Magic followed by an entertaining and skilled show of acrobatics being done by the BSF Camel Contingent & BSF trained dogs. The BSF trained dogs showed their prow- ess to sniff, fetch, attack and do acrobatic stunts with aplomb. The BSF Camel con- tingent dressed in all their traditional finery showed their dancing skills, march-past, 0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHUDQG0U..6KDUPD'LUHFWRU*HQHUDO%RUGHU6HFXULW\)RUFH yoga, etc. Eminent dignitaries present were Mr. Ra- Also present were eminent wives of Min- manner. Mr. Mukesh Gupta, Chairman, Tour- jiv Pratap Rudy, Union Minister of State, Skill isters-Dr. Mallika Nada-Chairperson Special ism Committee, PHD Chamber appreciated Development and Entrepreneurship; Mr. K. K. Olympics Bharat, Ms. Renu Sharma, Ms. the commitment of BSF personnel towards an- Sharma, DG, BSF; Mr. Anurag Thakur, Mem- Arunima Doval, Ms. Manju Singh, Ms. Bharti imals. He said that the show was organized to ber of Parliament; Mr. Sudhir Pratap Singh, Singh and Ms. Mridula Pradhan. give the general public a chance to watch these DG, National Security Guard; Mr. O.P. Singh, Ms. Neelam Pratap Singh Rudy, Chair- highly trained animals and their amazing skills. DG, CISF ; Mr. R. R. Bhatnagar, DG, Narcot- person of Sports Committee, PHD Chamber The program ended with a prize distribu- ics Control Bureau and Mr. Gopal Jiwarajka, opined that this unique show demonstrated tion ceremony and a colorful Kalbeliya dance President, PHD Chamber. the man-animal relationship in a captivating performance.

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8 | India Inc. / MARCH 2017 GLIMPSES OF THE DIGINITARIES AT THE POLO EXHIBITION MATCH

India Inc. / MARCH 2017 | 9 CAW

3+'&KDPEHU¶VGHOHJDWLRQZLWK*XHVWRI+RQRXU0LQLVWHURI,QGXVWU\&RPPHUFHDQG7RXULVP%DKUDLQ0U=D\HG5$O]D\DQLDQG&KLHI*XHVW+(0U$ORN .XPDU6LQKD,QGLDQ$PEDVVDGRUWRWKH.LQJGRPRI%DKUDLQDW,QGLD%XVLQHVV3DUWQHUVKLS6XPPLW India Business Partnership Summit & PHD Delegation to Bahrain HD Chamber organized the ‘India Busi- out the possibilities of cooperation in various The summit was attended by around 90 ness Partnership Summit’ from Febru- sectors such as commercial, industrial and delegates from the industry in Bahrain. B-to- Pary 6-9, 2017 in Bahrain. ‘India Busi- exchange in expertise and experiences. B meetings were also held. ness Partnership Summit’ coincided with the Thereafter, the delegation met top indus- Mr. Anil Khaitan, Senior Vice President, Gulf Industry Fair, February 7-9, 2017 which try leaders from YPO Bahrain Chapter who PHD Chamber stated that the Chamber aims was inaugurated by HRH Prince Khalifa Bin hosted a reception for the delegation at Capi- to pave the way for local business owners and Salman Al Khalifa, Hon’ble Prime Minister, tal Club Bahrain. investors to expand their operations and ven- Kingdom of Bahrain. H.E. Mr. Alok Kumar Sinha, Indian Am- tures into fertile markets. A high level delegation comprising of 20 bassador to the Kingdom of Bahrain also The inaugural session of the summit was delegates led by Mr. Anil Khaitan, Senior Vice hosted a reception for the delegation. Prom- followed by the plenary session titled “Ex- President, PHD Chamber representing from inent industrialists and social leaders from ploring Trading and Business Opportunities different sectors like energy, oil and gas, real Bahrain were also invited. – India and Bahrain”. estate, rural e-commerce, financial services, start-ups, manufacturing and academic and On February 7, the delegation attended Mr. H.P. S. Arora, Co -Chairman, Hydro- research were part of the delegation. the inaugural function of the Gulf Industry Fair carbons Committee, PHD Chamber outlined along with top industry leaders from GCC. the opportunities which exist in the oil and A MoU was signed between PHD Cham- PHD Chamber also organized the ‘India Pa- gas sector between the two countries. ber and Bahrain Chamber of Commerce and vilion’ in the Gulf Industry Fair with India as Mr. Shyam Poddar, Chairman, Commit- Industry on February 6, 2017 for developing the theme. business opportunities between Kingdom of tee on Forex and FEMA, PHD Chamber gave a Bahrain and Republic of India in the presence Guest of Honour, Mr. Zayed R. Alzayani, presentation on ‘Recent Regulatory Changes of H.E. Mr. Alok Kumar Sinha, Indian Ambas- Hon’ble Minister of Industry, Commerce and in Foreign Exchange Market to boost Invest- sador to the Kingdom of Bahrain. Tourism inaugurated the ‘Indian Business ment Opportunities in India.’ Partnership Summit’ in the presence of Chief Mr. Surinder Kalra, Co Chairman of For- Mr. Zayed R. Alzayani , Hon’ble Minister Guest, Mr. Alok Kumar Sinha, Indian Ambas- of Industry, Commerce and Tourism pointed eign Trade & Investment Committee, PHD sador to the Kingdom of Bahrain. Chamber spoke on ‘Scope of Interest Free Financing in India and Financial Products for Investment.’ Dr. Ranjeet Mehta, Director, PHD Cham- ber delivered the formal vote –of- thanks to the participants. The delegation visited the Bahrain Inter- national Investment Park and BAPCO refinery on February 8, 2017 and met Deputy King and Crown Price of Bahrain. PHD Chamber has been invited to be 'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU0DUNHWLQJ+HDGRI%DKUDLQ,QWHUQDWLRQDO,QYHVWPHQW3DUN the Strategic Partner for ‘Bahrain India Week 0U$QLO.KDLWDQ6HQLRU9LFH3UHVLGHQW3+'&KDPEHU0U.XQDO6LQJKDO0DQDJLQJ'LUHFWRU(D]\(53 7HFKQRORJLHV3YW/WG0U0DQLVK$JDUZDO&KDLUPDQ+RXVLQJDQG8UEDQ'HYHORSPHQW&RPPLWWHH 2017’ scheduled for April 6-7, 2017 in Bah- 3+'&KDPEHU0U3DUDPMLW$QDQG([HFXWLYH'LUHFWRU$FUHDW\0DQDJHPHQW&RQVXOWDQW3ULYDWH/LPLWHG rain. 0U5DMHHY.XPDU&KDLUPDQ+\GURFDUERQV&RPPLWWHHDQG0U+36$URUD&R&KDLUPDQ+\GURFDUERQV &RPPLWWHH3+'&KDPEHU

10 | India Inc. / MARCH 2017 GLIMPSES OF MEETING AT BAHRAIN

India Inc. / MARCH 2017 | 11 CAW

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National Conference on Growth Government would create warehousing, cold storage Enablers of Warehousing in India with modern approach across the country with more focus on hilly states such Roadmap to meet as Uttarakhand, Himachal Pradesh, Jammu & Kashmir and the entire northern eastern future Challenges belt. The Committee on Logistics Manage- The conference had two technical ses- curity, Delhivery; Mr. Parvinder Singh, MD, ment of PHD Chamber organized a na- sions with themes as ‘Warehousing in In- Hans Infomatic Pvt. Ltd.; Mr. Krishan Batra, Ttional conference on ‘Growth Enablers dia-Changing gear to meet future challenges’ President & CEO, Institute for Supply Man- of Warehousing in India: Roadmap to meet and ‘Speed breakers for Warehousing Indus- agement- India; Mr. Ramesh Krishnan, Di- future Challenges’ on January 30, 2017 at try in India & Way forward’. rector, Aishwaryam Logistics Pvt. Ltd.; Mr. PHD House, New Delhi which was attended Eminent speakers included Mr. Vinod Brijesh Verma, Resident Partner, Agra & Co- by more than 90 delegates from industry and Asthana, Treasurer-CILT India & Ex MD, Cen- Chair, Indirect Taxes, Kochhar & Co. and Capt. other stakeholders. tral Railside Warehouse Company Limited J.S. Gill, Ex. Addl DG – Shipping. Chief Guest, Mr. Nikhlesh Jha, IAS, Ad- (CRWC); Mr. K.U. Thankachen, Managing ditional Secretary & Financial Advisor, De- Director, CRWC; Mr. Aditya Gupta, Business Dr. Ranjeet Mehta, Director, PHD Cham- partment of Consumer Affairs, Ministry of Head-3PLs, Drive India Enterprise Solutions ber delivered the formal vote-of-thanks to the Consumer Affairs, Food & Public Distribution Ltd; Mr. Firoze Hussain, Senior Director-Se- guests. stressed the fact that even though the GST rates are yet to be finalized by GST Coun- cil, one is optimistic that with its advent, the warehousing sector will transform to the next level as the GST regime would have preferen- tial treatment towards warehousing in view of its critical significance. Mr. Harpreet Singh, MD, Central Ware- housing Corporation (CWC) said that the government would create warehousing, cold 0U.ULVKDQ%DWUD3UHVLGHQW &(2,QVWLWXWHIRU6XSSO\0DQDJHPHQW ,60 ,QGLD&DSW-6*LOO([ $GGO'*±6KLSSLQJ0U5DPHVK.ULVKQDQ'LUHFWRU$LVKZDU\DP/RJLVWLFV3YW/WGDQG0U%ULMHVK storage with modern approach across the 9HUPD5HVLGHQW3DUWQHU$JUD &R&KDLU,QGLUHFW7D[HV.RFKKDU &R country with more focus on hilly states such as Uttarakhand, Himachal Pradesh, Jammu & Kashmir and the entire northern eastern belt so that not only agri-production is safely stored but also wastage on fruits and vege- tables including floriculture is substantially reduced. Mr. Bharat Joshi, Co- Chairman, Commit- tee on Logistics Management, PHD Chamber stated that driven by growth in production, e-commerce and organized retail, warehous- 0U3DUYLQGHU6LQJK0DQDJLQJ'LUHFWRU+DQV,QIRPDWLF3YW/WG0U$GLW\D*XSWD%XVLQHVV+HDG ing is the major segment contributing to the 3/V'ULYH,QGLD(QWHUSULVH6ROXWLRQV/WG0U9DUXQ%KDUGZDM6HQLRU$VVW6HFUHWDU\3+'&KDPEHU growth of the Indian logistics industry. 0U9LQRG$VWKDQD7UHDVXUHU&,/7,QGLD ([0'&5:&0U.87KDQNDFKHQ0'&5:DQG0U )LUR]H+XVVDLQ6HQLRU'LUHFWRU6HFXULW\'HOKLYHU\

12 | India Inc. / MARCH 2017 Seminar on Hamriyah Free Zone, UAE Unique Investment Opportunity for Indian Businesses

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HD Chamber organized a seminar on ‘Hamriyah Free Zone, UAE : Unique PInvestment Opportunity for Indian Busi- nesses’ on February 6,2017 at PHD House, New Delhi which was followed by Business meetings with officials of Hamriyah Free Zone Authority. Hamriyah Free Zone Authority, Sharjah, UAE (HFZA) was represented by Mr. Ajeeb Moidunni, Head of Business Development and Mr. Ashik K. P. In their presentation, the delegates were shown a video to highlight the business friendly features of Hamriyah Free Zone after which each feature was explained in details. $YLHZRIGHOHJDWHVDWWKHVHPLQDU Mr. Ashik K. P. Hamriyah Free Zone Au- thority, UAE emphasized that in business, vides a range of business solutions, including ownership permitted; No import or export tax; speed matters and in Hamriyah Free Zone, it discounted lease rents, simplified procedures Exemption from commercial levies; Repatri- takes only 60 minutes to set up one’s busi- and minimal paperwork, ease of registration, ation of capital and profits; No corporation ness and receive a trade license. implementation and license turnaround time. or income tax; Variety of licenses, including Hamriyah Free Zone is a gateway to glob- The close proximity to land, sea and air commercial, service and industrial and Re- al business for Indian businesses, uniquely transport links, in addition to their focus on newable long-term issues and Ease of Doing located at the intersection between three long-term relationships and creative solu- Business, etc. continents to serve a growing market of 1.5 tions, help businesses stay in touch with Mr. Naveen K. Seth, Director-Trade Fairs, billion people. customers and suppliers across the globe. PHD Chamber in his welcome remarks spoke Hamriyah Free Zone specializes in work- Hamriyah Free Zone has the highest number on Indo-UAE relations. ing with SMEs across a number of key sectors, of steel fabrications in UAE. A large number of industrialists and se- providing valuable support and knowledge Mr. Moidunni invited Indian business- nior professionals attended the seminar and from the initial start-up phase to entering new men to take advantage of an array of benefits, had one-on-one meetings with the officials markets for expansion opportunities. It pro- including: Full company ownership; Foreign of HFZA.

India Inc. / MARCH 2017 | 13 CAW UNIQORN- A Corporate Quiz Challenge

HD Chamber in association with QRYP- TIQ organized UNIQORN- A Corporate PQuiz Challenge on February 19, 2017 at PHD House, New Delhi. The Corporate Quiz saw participation from over 40 leading private and public sector organizations like KPMG, Deloitte, Tata Consultancy Services, Reserve Bank of India, Steel Authority of India Ltd. and many more. Mr. Anil Khaitan, Sr. Vice President, PHD Chamber along with Ms. Neelam Pratap Singh Rudy- Chairperson, Sports Committee and Mr. Mukesh Gupta, Chairman, Tourism 0V1HHODP3UDWDS6LQJK5XG\&KDLUSHUVRQ6SRUWV&RPPLWWHH3+'&KDPEHU Committee, PHD Chamber inaugurated the quiz. Mr. Anil Khaitan, Senior Vice President, PHD Chamber said that this unique endeav- our of PHD Chamber strives for two fold benefits – at the mental level with increased knowldege and also for personality develop- ment of individuals. Ms. Neelam Pratap Singh Rudy, Chair- person, Sports Committee, PHD Chamber stated that a Corporate Quiz like UNIQORN is an opportunity to boost general knowledge,

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This unique endeavour of PHD Chamber strives for two fold benefits – at the mental level with increased knowldege and also for personality development of individuals.

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14 | India Inc. / MARCH 2017 <%/)PHPEHUVRXWVLGHWKH-DPD0DVMLG YBLF- Heritage Walk and Delicious Street Food of Chandni Chowk, Old Delhi he Young Business Leaders Forum or- traditions, famous havelis, Dareeba Kalan, Nai city and has been conducting heritage walks ganized a Heritage Walk and Delicious Sarak, Jama Masjid and to enjoy the various since 2000. Street Food of Chandni Chowk, Old Del- delicious street foods of Chandni Chowk. T The walk began from Hauz Qazi, Chawri hi on February 11, 2017. The walk was guided by famous histori- Metro Station and concluded with a visit to The objective was to explore the history an, academician and film-maker, Mr. Sohail Gali Paratheywaali with shops that have been of old city, origin of Chawri, architectures & Hashmi who has since been exploring the serving Paratha lovers from early 1870s. Celebration of International Women’s Day

0U6DXUDEK6DQ\DO6HFUHWDU\*HQHUDO3+'&KDPEHUEHLQJIHOLFLWDWHGE\'U)UDKHHQ0DOLFN0HPEHU '&: 0U6DXUDEK6DQ\DO6*3+'&KDPEHUFRQIHUULQJ DQ DZDUG WR 0V 6XYDUQD 5DM ,QWHUQDWLRQDO he Second International Awards cere- Mr. Saurabh Sanyal, Secretary General, PHD 3DUD 7DEOH 7HQQLV SOD\HU IRU KHU DFKLHYHPHQWV mony on the occasion of International Chamber in his speech urged the participants LQ 6SRUWV $OVR VHHQ 0V 6DULND &KDXGKDU\ Women’s Day was organized by Delhi to ensure safety of women in society. The 0HPEHU'&:0V0RQLND%KDUGZDM,360V T 9LQLWD%LPEKHW3UHVLGHQW),&&,)/20V6ZDWL Commission for Women (DCW) on March 8, awards were conferred to women working for 0DOLZDO &KDLUSHUVRQ '&: 0V 1LGKL 5D]GDQ 2017 at Constitution Club of India, New Delhi. the cause of women. -RXUQDOLVW 1'79 DQG 0U 'HUHN 2 %HUHQ 03 70&

India Inc. / MARCH 2017 | 15 CAW Third Series of PHD Educative and Knowledge Series on Revised Model GST Law he Indirect Taxes Committee of PHD Chamber organized three-days Educa- Ttive & Knowledge Series on Revised Model GST Law seminar with the objective of analysing in detail the provisions of the re- vised GST Laws. The first workshop in the above se- ries was held on January 12, 2017 at PHD House, New Delhi covering the overview and need for GST. Experts present were Mr. Bimal Jain, Chairman, Indirect Taxes Committee and Mr. 0U6DFKLQ6KDUPD'KUXYD$GYLVRUV//30U%LPDO-DLQ&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH0U1 N. K. Gupta, Co-Chairman, Indirect Taxes .*XSWD&R&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHUDQG0U3XQHHW%DQVDO1LW\D7D[ Committee, PHD Chamber; Mr. Sachin Shar- $VVRFLDWHV ma, Dhruva Advisors LLP; Mr. Puneet Bansal, Nitya Tax Associates; Mr. Anil Sood, CAS As- sociates, Mr. B. L. Narasimhan, Lakshmiku- maran & Sridharan and Mr. Saurabh Agarwal, Ernst & Young. Mr. Bimal Jain observed that industry is still deliberating on the applicability of GST on advance received for supply of Goods & Services, wherein the credit will be available only on receipt of goods/ services. Presently, Service Tax exemption is given to service pro- viders whose turnover during the fiscal year is less than Rs 10 Lakhs, but there are provi- sions under GST requiring Inter-State Service 0U6DXUDEK$JDUZDO(UQVW 

16 | India Inc. / MARCH 2017 Sushil Kumar Goyal, ICAI and CA Atul Gupta, ICAI. Mr. Gopal Jiwarajka, President, PHD Chamber said that the end of logjam in GST implementation will not only boost the sen- timents of businesses but also benefit peo- ple at large. Industry will get a boost with the removal of cascading impact of taxation and improvement in ease of doing business, enhance production possibilities, attract FDI and increase employment opportunities in the economy, he added.

CA Jayesh Gupta explained the manner of &0$$VKRN1DZDO7KH,QVWLWXWHRI&RVW$FFRXQWDQWVRI,QGLD0U%LPDO-DLQ&KDLUPDQ,QGLUHFW7D[HV taking input tax credit in respect of input sent &RPPLWWHH3+'&KDPEHU0U%LSLQ.DXO,')&%DQNDQG0U1.*XSWD&R&KDLUPDQ,QGLUHFW7D[HV for job work under the GST Law. He explained &RPPLWWHH3+'&KDPEHU the provisions of ITC on pre-registration pur- presentation explained the issues relating to the importance of Section 165 under the GST chases and the treatment of negative list of export/import of goods and services under Law. He shared his view on Section 166 i.e. GST ITC. the GST Law. CA Avinash Poddar opined the Migration of taxpayer having permanent ac- availability of GST credit on input, input ser- CA Jayesh Gogri highlighted the manner count number under GST and the validity of vices and composition method in GST and is- of recovery of credit distributed in excess and provisional registration certificate for the ser- sues relating to carry forward of Cenavt Credit. the flow of input tax credit by ISD. He also vice provider. spoke on the manner of recovery of credit dis- Mr. Ashok Batra through his detailed pre- Mr. N. K. Gupta explained the provisions tributed in excess under the Revised Model sentation talked on Real Estate & Construc- pertaining to registration under GST – Reg- GST Law. tion and works contract services under the istration Number/Unique Identity Number. He Revised Model GST Law. CA Jatin Harjai highlighted the provisions also talked on the Special provisions relating of Section 169 for Credit of eligible duties to casual taxable and non-resident taxable Mr. J. K. Mittal explained the types of as- and taxes in respect of Inputs. He spoke on person under the revised model GST Law. He sessment, prosecution and compounding of the treatment of carried forward Cenvat credit discussed the amendment and cancellation offences under the GST Law. and unavailed Cenvat Credit under the GST of registration under the GST law. The session was followed by active floor Law. CA Gaurav Gupta through his detailed participation and had useful deliberations. Mr. Bipin Kaul spoke on digitalisation in banking under the GST Regime. CMA Ashok Nawal accentuated that goods can be sent from one job worker to an- other job worker without payment of GST sub- ject to the permission of the Commissioner. CA Sushil Kumar Goyal explained valuation and GST ITC in case of Branch Transfer. He apprised about the interest and penal- ty provisions on wrong availment of credit. CA Atul Gupta gave an overview of tax structure and input tax credit on import and export. The session was followed by active floor participation and had useful deliberations. The last workshop in the above se- ries was organized on January 24, 2017 at PHD House, New Delhi covering Works &$$YLQDVK3RGGDU0U1.*XSWD&R&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHUDQG&$ Contract & Real Estate/Constructions *DXUDY*XSWD under GST Transitional issues under Registration, Payment, Return, Refund, Assessment & Audit and Advance Ruling and Settlement of Cases. Mr. Bimal Jain, Chairman, Indirect Taxes Committee and Mr. N. K. Gupta, Co-Chair- man, Indirect Taxes Committee, PHD Cham- ber, CA Gaurav Gupta, CA Avinash Poddar, Mr. Ashok Batra, A.K. Batra & Associates and Mr. J. K. Mittal Advocate shared their views on the subjects. Mr. Bimal Jain explained that Transitional

Provisions are covered under Chapter 27 of 0U %LPDO -DLQ &KDLUPDQ ,QGLUHFW 7D[HV &RPPLWWHH 3+' &KDPEHU &$ $YLQDVK 3RGGDU DQG &$ Revised Model GST Law. Mr. Jain explained *DXUDY*XSWDDQG0U1.*XSWD&R&KDLUPDQ,QGLUHFW7D[HV&RPPLWWHH3+'&KDPEHU

India Inc. / MARCH 2017 | 17 CAW Seminar on Medical Electronics International Collaborations and Financing for Manufacturing in India HD Chamber in association with AMTZ (Andhra MedTech Zone) organized a Pseminar on ‘Medical Electronics In- ternational collaborations & Financing for Manufacturing’ in India on January 6, 2017 at Chennai. AMTZ (Andhra MedTech Zone) aims to make India self-sufficient and an exporter of good quality and cost-effective medical technology. The objective was to familiarize the industry with the opportunities that exist in filling the gap which is likely to widen as the healthcare services reach out to semi-urban and rural areas. For medical electronics to 0U6RKDQ'XWWD6HQLRU0DQDJHU0U-XGLVK5DM9LFH3UHVLGHQW3ODQQLQJ&1DJHQGUD3UDVDG9LFH create a meaningful impact on the healthcare 3UHVLGHQW$QGKUD&KDPEHURI&RPPHUFH0U9LYHN6HLJHOO'LUHFWRU3+'&KDPEHU0V5DPD9HQXJRSDO system, collaboration between key stakehold- ([HFXWLYH'LUHFWRU9DOXH$GGHG&RUSRUDWH6HUYLFHV3ULYDWH/WG -RLQW&RRUGLQDWRU$VVRFLDWLRQRI,QGLDQ ers including government, industry, health- 0HGLFDO'HYLFH,QGXVWU\DQG0U6DPHHU.DQW$KXMD6HQLRU$VVLVWDQW6HFUHWDU\3+'&KDPEHU care providers and health insurance compa- from the date of commencement of commer- C. Nagendra Prasad, Vice President, Andhra nies is important. cial operations and exemption of Electricity Chamber of Commerce both spoke about Duty for new electronic hardware units, after Ms. Rama Venugopal, Executive Direc- AMTZ’s value proposition for investors and coming into commercial operations entitled tor, Value Added Corporate Services Pvt. Ltd. about multiple fiscal incentives provided for 100% exemption on Electricity duty for a & Joint Coordinator, Association of Indian by AMTZ to the companies participating in period of 5 years. Medical Device Industry (AIMED) opined that the project such as 100% reimbursement of medical devices manufacturers have been Stamp Duty; Transfer Duty and Registration Mr. Vivek Seigell, Director, PHD Cham- suffering from lack of understanding of their Fee paid on sale/ lease deeds on the first ber appreciated the efforts being taken by the unique requirements and support from gov- transaction and 50% thereof on the second Andhra Pradesh Govt. and said this initiative ernment. transaction; 50% to micro, 40% to small & is a hallmark in making Ease of Doing Busi- Mr. Judish Raj, Vice-President (Plan- 25% to medium & 10% to large scale industry ness a reality that will ultimately benefit the ning), AMTZ (Andhra MedTech Zone) and Mr. limited to Rs 50 lakh for a period of 5 years end consumer. YBLF - The FAAD Pitch

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he Young Business Leaders Forum The objective of the program was to deliver a Startups seamlessly connected with in- organized ‘The FAAD Pitch’ a closed niche platform where ventures and investors vestors presented their business ideas and Troom pitching session for Start-ups on could interact with each other for strategic plans to them. February 18, 2017 at PHD House, New Delhi. investment.

18 | India Inc. / MARCH 2017 0U0RKDPPHG$OL.DPDOL'HSXW\&(2'XEDL([SRUWV0U0RKDPPDG$OL/RRWDK&(2&RPPHUFLDO&RPSODLQDQWV &RQVXPHU3URWHFWLRQDW'HSDUWPHQW RI(FRQRPLF'HYHORSPHQW*RYHUQPHQWRI'XEDL0U$KPDG%LQ+DULE$OIDODKL8$(&RPPHUFLDO 7UDGH$WWDFKpWR,QGLD0U$YLQDVK.XPDU6ULYDVWDYD 6HFUHWDU\0LQLVWU\RI)RRG3URFHVVLQJ,QGXVWULHV0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHUDQG0U6DXUDEK6DQ\DO6HFUHWDU\*HQHUDO3+'&KDPEHU MoU Signed between Dubai Exports & PHD Chamber HD Chamber and Dubai Exports signed units, it is further launching Mega Food Parks, of Dubai also shared some compliance in a Memorandum of Understanding Cold Chains & Research Institutes & Labs. He trade and new services that were introduced P(MoU) on January 30, 2017 at Hotel also briefed about the PPP Model for harvest- in the last few years. Leela Palace, New Delhi. The MoU was signed ing private investments. Mr. Ahmed Haveb Al Falahi, UAE Com- between Mr. Gopal Jiwarajka, President, PHD Mr. Parag Gupta, Joint Secretary, Ministry mercial & Trade Attaché to India spoke about Chamber and Mr. Mohammed Ali Kamali, of Food Processing & Industries gave a brief India-UAE ties and collaborations with im- Deputy CEO, Dubai Exports. The objective presentation about the various opportunities mense growth in trade in the coming years. was to familiarize the industry on bilateral in the food and processing sector in India. Today trade between India and UAE stands at trade opportunities and explore ways to de- He informed that Indian government will be US$ 50 billion, he added. velop the strategic relations between UAE and organizing the World Food Fair in November Mr. Mohammed Ali Kamali, Deputy CEO, India into stronger commercial engagements. 2017, to help in transforming the growth of Dubai Exports gave the welcome speech Dr. Ashraf Ali Mahak, Economist & Finan- Indian economy. while Mr. Md. Ali Kamali resolved complaints cial Expert, Dept. of Economic Development, Mr. Md. Ali Lootah, CEO, CCP, Depart- and settlements received from the clients and Govt. of Dubai explained about the responsi- ment of Economic Development, Government customers. bilities of Dubai Exports and their major key role in the development and promotion of trade. He also explained about the emerging bilateral trade in India and how UAE compa- nies can get benefits in India. A Buyer Protection Program was launched by the dignitaries to provide B2B dispute set- tlement services to customers and also the business code of conduct. Mr. Avinash K. Srivastava, Secretary, Ministry of Food Processing & Industries explained the initiatives taken by the gov- ernment for food processing and schemes of Mega Food Parks launched in 2009 which aim to build modern infrastructure facilities for food processing by an efficient supply of chain in India. Alongwith new schemes 0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHUDQG0U0RKDPPHG$OL.DPDOL'HSXW\&(2'XEDL to promote food processing & preservation ([SRUWV

India Inc. / MARCH 2017 | 19 CAW Seminar on Indian Accounting Standards (Ind AS) Practical Insights and Implementation

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he Corporate Affairs Committee of PHD sive income. He highlighted the exemptions Chamber organized a seminar on ‘Indian available to the first time adopters of Indian TAccounting Standards (Ind AS) - Practi- Mr. Aseem Chawla, Senior Accounting Standards. cal Insights and Implementation’ on February Member, Corporate Affairs Mr. Vijaydeep Singh, Director- Transac- 8, 2017 at PHD House, New Delhi. Committee, PHD Chamber tion Advisory Services, Morison SCV Con- Mr. Aseem Chawla, Senior Member, sulting Pvt Ltd. gave a presentation on due Corporate Affairs Committee, PHD Chamber underlined the tax impact of diligence of Indian Accounting Standards and underlined the tax impact of Indian Account- Indian Accounting Standards discussed the objective, scope and purpose. ing Standards on financial statements. He on financial statements. He He also shared his experiences on key areas discussed the Minimum Alternate Tax com- discussed the Minimum such as operational due diligence, HR due pliances that companies need to follow into diligence, taxation and commercial due dil- their operational systems. Alternate Tax compliances that igence. Mr. S. C. Vasudeva, Managing Partner, S companies need to follow into Mr. Rajiv Singh, Co-Founder & Director, C Vasudeva And Co. stated that implementa- their operational systems. Explico Consulting Pvt. Ltd. in his presen- tion of Indian Accounting Systems for prepa- tation gave an insight on valuation aspects ration of financial statements is likely to result under Indian Accounting Standards. He in higher profits due to emphasis on fair value Reporting Advisory Services, Grant Thornton discussed the general model of value cre- concept. India LLP in his presentation demonstrated ation, fair value measurements under Indian Mr. Sanjay Vasudeva, Senior Partner, S C the transition from existing Indian GAAP to Accounting Standards and also the pricing Vasudeva and Co. talked about the applicabil- Indian Accounting Standards. problems under micro-macro economy. ity of Ind AS of various companies, banks and Further, he gave an overview of account- The secretariat team proposed a hearty insurance companies. ing standards, implementation roadmaps, vote-of-thanks to the speakers, sponsors and Mr. Siddharth Talwar, Partner, Financial financial instruments and other comprehen- participants.

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20 | India Inc. / MARCH 2017 Release of Annual Survey 2015-16 of the Indian Direct Selling Industry

0U$PLW&KDGKD6HFUHWDU\*HQHUDO,'6$'U636KDUPD&KLHI(FRQRPLVW 'LUHFWRU5HVHDUFK3+'&KDPEHU0U%HMRQ0LVKUD,QWHUQDWLRQDO&RQVXPHU 3ROLF\([SHUW0V0DGKXOLND36XNXO$GGLWLRQDO6HFUHWDU\'HSDUWPHQWRI&RQVXPHU$IIDLUV0U-LWHQGUD-DJRWD&KDLUPDQ,'6$0U3UDYHHQ.KDQGHOZDO 1DWLRQDO6HFUHWDU\*HQHUDORIWKH&RQIHGHUDWLRQRI$OO,QGLD7UDGHUVDQG0U9LYHN.DWRFK9LFH&KDLUPDQ,'6$ HD Chamber’s Research Bureau in as- sociation with the Indian Direct Selling Summary of Annual Survey... PAssociation (IDSA) released a report irect Selling has contributed signifi- 16 as against 10% in 2014-15. Eastern region on Annual Survey 2015-16 of the Indian Di- cantly to socio-economic development has contributed around Rs 15,786 million to the rect Selling Industry on February 22, 2017 at Dof the nation by generating self-em- gross sales in 2015-16. The share of Eastern India Habitat Center, New Delhi. The report ployment opportunities, source of earning region to gross sales has increased to 19% in analyzes the growth dynamics of the Indian supplementary income, encouraging entre- 2015-16 from 18% in 2014-15. The North East- Direct Selling Industry and suggests recom- preneurship, empowering women, imparting ern region has contributed around Rs. 10,801 mendations for building an environment of skill through various training programs and million in 2015-16. The North Eastern region confidence not only for Direct Selling enti- encouraging growth of MSME sector. Gross share to gross sales has remained same at 13% ties but for consumers too. sales by the Direct Selling Industry totaled Rs. in 2015-16 and 2014-15. The region has exhib- 83,085 million in 2015-16 versus Rs 79,583 ited a growth rate of 4.4% in 2015-16. The report was unveiled by Ms. Madhu- million in 2014-15. The Direct Selling Indus- The Western region contributed around lika P. Sukul, Additional Secretary, Dept. of try has registered a growth rate of 4.4% in Rs. 14,124 million in 2015-16. The region Consumer Affairs; Mr. Praveen Khandelwal, 2015-16 as compared to 6.5% in 2014-15. has scripted an increase in the share to gross National Secretary General of the Confeder- Going ahead, most of the respondents felt sales at 17% in 2015-16 from 16% in 2014- ation of All India Traders; Mr. Bejon Mishra, that economic reforms undertaken by the gov- 15, a growth of 10.9% in 2015-16 as against International Consumer Policy Expert; Dr. S. ernment are highly commendable and would 6.4% in 2014-15. The Southern region has P. Sharma, Chief Economist & Director- Re- lead to desired outcomes in the coming contributed around INR 17,448 million in search, PHD Chamber; Mr. Jitendra Jagota, times. According to the survey, Direct Selling 2015-16. The region holds second highest Chairman, Indian Direct Selling Association could become the backbone of the economy share in India’s gross sales of Direct Selling (IDSA); Mr. Vivek Katoch, Vice Chairman, if its awareness, acceptance and proper com- in 2015-16. About 21% share to gross sales IDSA and Mr. Amit Chadha, Secretary Gen- munication infrastructure are strengthened. of the industry was contributed in 2015-16 eral, IDSA. An overview of the Direct Sell- The survey revealed that due to rising incli- versus 23% in 2014-15. ing Industry was delivered by Mr. Jitendra nation towards healthy lifestyle, wellness and Total tax paid by the IDSA Direct Sell- Jagota followed by a brief presentation on healthcare products are in demand and as a ing Entities (members) aggregated to Rs. the survey by Dr. S. P. Sharma. An overview result it has contributed the largest share to 12,583 million in 2015-16 as compared to on the importance of consumer satisfaction the gross sales of the organized Direct Sell- Rs. 11,715 million in 2014-15. The tax paid in modern era and Direct Selling making the ing Industry at 43%, followed by beauty/cos- as reported by the IDSA Direct Selling Enti- difference was given by Mr. Bejon Mishra, metics and personal care (35%), homecare/ ties (member) has increased to about 7.4% in Mr. Praveen Khandelwal, National Secretary homeware and home improvements products 2015-16 over 2014-15. General of the Confederation of All India (12%), consumer and household durables On account of expanding activities of Traders shared his perspective on ‘Non-store (6%) and others including food and beverag- Direct Selling Entities, rising awareness, retailing: A key aspect of modern day ‘Trade es, agricultural products, ayurveda products, penetration and acceptance, there has been & Commerce’. educational products, utilities, promotional significant creation of self employment op- items, plant growth promoters, etc (4%). portunities by the Direct Selling industry over Ms. Madhulika P. Sukul, Additional the years. According to the survey, the active Secretary, Department of Consumer Affairs The survey revealed that the Northern re- gion contributed around Rs. 24,926 million to Direct Sellers of the Indian Direct Selling shared her views on the regulatory frame- gross sales in 2015-16, a growth of 30% and Industry have increased from 39,29,105 in work for the Indian Direct Selling Industry. registered a growth rate of about 4.4% in 2015- 2014-15 to around 40,31,262 in 2015-16.

India Inc. / MARCH 2017 | 21 CAW

50%, however, in view of its commercial sig- nificance, the duty should have been cut to zero percent. Mr. Gopal Jiwarajka, President, PHD Chamber in his welcome address promised all concerned that the roadmap suggested by Mr. Tripathi for transformation of natural gas sector will be taken up at the highest lev- el for policy making by the Chamber as the 'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU0U5DMHHY0DWKXU&KDLUPDQ+\GURFDUERQV&RPPLWWHH suggested proposal mooted by GAIL is fully 3+'&KDPEHU0U%&7ULSDWKL&0'*$,/0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHU0U5. *DUJ'LUHFWRU)LQDQFH3HWURQHW/1*0U+36$URUD&RFKDLUPDQ+\GURFDUERQ&RPPLWWHH3+' justified for promotion of natural gas. &KDPEHUDQG0U1LWLQ=DPUH0DQDJLQJ'LUHFWRU,&)$ Mr. Rajeev Mathur, Chairman, Hydro- carbons Committee, PHD Chamber in his industry perspective, mentioned that as gas Conference on supply increases and distribution infrastruc- ture (cross-country pipelines and piped gas in cities) increases, India will transform from India Moving Towards an oil-based economy to a gas-based one to fuel the national growth. It is important to forge ahead and to promote natural gas as a panacea towards our lower carbon future and Gas Based Economy- improved energy security. Mr. H.P.S Arora, Co-Chairman, Hydrocar- bons Committee, PHD Chamber delivered the formal vote-of-thanks in the inaugural session Road Map Ahead while Dr. Ranjeet Mehta, Director, PHD Cham- ber moderated the session. The conference he Hydrocarbons Committee of PHD a Start-Up fund of Rs.100 crore to promote also had two technical sessions wherein more Chamber organized a conference on ‘In- innovation in the field of natural gas engines. than ten eminent speakers from the gas sector Tdia Moving Towards Gas Based Econo- Mr. R.K. Garg, Director Finance, Petr- deliberated and offered valuable suggestions my- Road Map Ahead’ on February 27, 2017 onet LNG in his special address mentioned for the future development of the sector. Dr. at PHD House, New Delhi. The conference that though he welcomed the government’s Ranjeet Mehta, Director, PHD Chamber deliv- was attended by more than 100 delegates policy of reducing customs duty on LNG by ered the vote of thanks to the guest. from different parts of the country. Chief Guest, Mr. B.C. Tripathi, CMD, GAIL in his address mentioned to waive off LNG imports from customs and raised his decibel for bringing in ‘natural gas’ into the GST fold. He also mentioned that India desperately re- quires ‘a well crafted integrated energy poli- cy’ in the absence of which, it cannot move 0U$PLW0DWKXU'*05HJXODWRU\DQG&RUSRUDWH$IIDLUV,QGUDSUDVWKD*DV/LPLWHG0U.LVKRUH.+RWD $GGO*HQHUDO0DQDJHU )XHO0JPW 173&0U6KULGKDU7DPEUDSDUQL-RLQW3UHVLGHQW2SHUDWLRQV$GDQL towards a gas based economy and create an *DV0U1LWLQ=DPUH0DQDJLQJ'LUHFWRU,&)0U5DYL$JDUZDO0'5DMDVWKDQ6WDWH*DV/LPLWHG0U intense urge and addiction for mass con- $07DPEHNDU0'0DKDUDVKWUD1DWXUDO*DV/LPLWHGDQG0U1LNKLO.KXUDQD&02*(2 *6RXWK$VLD sumption of natural gas. He demanded that ‘an assured rate of return of 12%’ is essential for GAIL on its investments to connect entire India with gas pipeline network without enter- ing into any partnership deed to accomplish the objective. He also informed that GAIL on its own would promote campaigns such as ‘Swachh Bijlee’ for cleaner environment on 'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU0U5DMHHY0DWKXU&KDLUPDQ+\GURFDUERQV&RPPLWWHH 3+'&KDPEHU0U%&7ULSDWKL&0'*$,/0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHU0U5. lines of natural gas, completely a cleaner fuel *DUJ'LUHFWRU)LQDQFH3HWURQHW/1*0U+36$URUD&RFKDLUPDQ+\GURFDUERQ&RPPLWWHH3+' for mass consumption and has already set up &KDPEHU0U1LWLQ=DPUH0DQDJLQJ'LUHFWRU,&)

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22 | India Inc. / MARCH 2017 Interactive Session on Global Partnership Opportunities

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he PHD Chamber organized an inter- most preferred investment destinations is a Warwick Legal Network (UK) described the active session on ‘Global Partnership base for manufacturing and exports all types functioning of WLN and the opportunities In- TOpportunities’ on February 16, 2017 of goods to neighbouring countries. He spoke dia offers in the SME sector. He mentioned at PHD House, New Delhi. The session was on the recent investor friendly policies being that WLN is continuously expanding its net- organized to provide a platform for interaction implemented by the government for creating work keeping in mind the future trends. He between PHD Chamber members and dele- a healthy competition amongst the Indian underlined that WLN’s prime objective is to gates of the Warwick Legal Network (WLN), an states enabling them to garner more foreign help in easing the process for foreign com- international association of independent law investments. panies entering new markets and how WLN firms that provides legal service to clients on Mr. Gautam Khurana, Managing Partner, guides corporates to perform CSR activities an international scale. WLN is one of the top India Law Offices in his overview on Warwick as per their local requirements. ranked Legal Network of European Law Firms Legal Network said that although the network Mr. Sanjeev Ahuja, Co-Chairman, Int’l from 30 different countries. is Europe centric, for better representation it Affairs Committee for Asia, Pacific & Europe, Mr. Amitava Ray, Co-Chairman, Foreign is fast expanding to other parts of the world. PHD Chamber thanked the WLN delegation for Trade & Investment Committee (including India Law Offices is the Indian partner of the interacting with the members. He said that for Americas – North & South), PHD Chamber Warwick Legal Network (WLN). Mr. Khurana developing countries like India, FDI is necessary spoke about the importance of such interac- highlighted the rise and importance of the for providing a necessary impetus to growth. tions and how they are vital in understanding SME sector in the smooth functioning of any A networking session also took place be- global sentiments. global economy and how WLN facilitates tween the WLN delegation and members of Mr. Sanjay Beswal, Co-Chairman, For- such businesses by providing competent and the PHD Chamber, wherein the participants eign Trade & Investment Committee (includ- quality lawyers. As India is witnessing steady discussed specific business opportunities ing Americas – North & South), PHD Cham- growth, India is developing into a consum- with the visiting delegation. ing economy where WLN can play its role in ber in his welcome address spoke about the The event was sponsored by India Law strengthening the mid market. importance of global linkages in the present Offices and co-sponsored by Andees Impex context. He stated that India being one of the Mr. Stuart Miller, Managing Director, Pvt. Ltd.

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India Inc. / MARCH 2017 | 23 CAW 11th International Show on Aerospace, Defence, Civil Aviation, Airport Infrastructure and Defence Engineering

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r. Manohar Parrikar, Hon’ble Defence ing idle machinery at their OFB factories. Mr. Minister inaugurated the 11th bien- K. K. Jalan, IAS, Secretary, MSME acquainted Mnial edition of ‘Aero India 2017’ on “We encourage Indian the participants with various schemes, VDPs, February 14, 2017 at Yelahanka Station, Ben- companies in defence grants, etc. available with the government to galuru. Amongst others who graced the inau- manufacturing but we would assist new defence entrepreneurs and existing guration ceremony were Mr. Ashok Gajapathi SMEs. also like to encourage Raju, Hon’ble Minister for Civil Aviation; Mr. Mr. M.V. Gowtama, Chairman & Manag- R. V. Deshpande, Hon’ble Minister for Higher international companies. The ing Director, BEL shared his perspective on Education & Tourism, Govt. of Karnataka and government is working on how BEL is involving and sharing opportuni- Chiefs of the Services. ways to increase private player ties with SMEs to understand the technology The Minister said that with time, Aero participation in the defence innovations and achieve indigenization in de- Show has proved to be a brilliant business, fence via SMEs. manufacturing” he informed. investment and display hub for national as Eminent speakers from industry included well as international firms. Mr. Vikas Manral, GM, Aerospace Group, SKF The Minister underlined that the focus India; Mr. Emmanuel de Roquefeuil, VP & will be on start-ups, along with time bound India’ in Aerospace: Are MSMEs geared for Country Director – India, Thales; Mr. Sachin delivery of projects. “The government will it? – Reflections and the Way Forward on Feb- Agarwal, Managing Director, PTC Industries; encourage manufacturing, design as well as ruary 15, 2017 at Bengaluru. Mr. T. Suvarna Raju, CMD, HAL and Mr. S.K. innovation in the field of defence manufactur- Mr. Manohar Parrikar, Hon’ble Defence Chourasia, Member/M&C, ICE & Export OFB. ing. Conditions have never been better than Minister at the inaugural session highlighted Mr. Sanjay M Kaul, IAS, Special Secre- now for defence manufacturing in India and that SMEs are the real source of technology tary - Industries, Govt. of Kerala in his special I hope it will make way for better technical innovations and efforts are being made by address informed the audience about KINFRA enhancement”, he added. Acknowledging the the government to provide them with a level Defence Park and facilities available at the contribution of the international companies, playing field. park including the subsidies being given by the Hon’ble Minister said that measures to Mr. Ashok Kumar Gupta, IAS, Secretary the State government for setting up units. ensure ease of doing business and encour- (DP) said that the government is trying to The conference was attended by defence age defence investments in India are taking upscale the image of SMEs and also involve professionals from the industry including place. them wherever possible. Ms. Surina Rajan, senior officers from IAF, Indian Army, repre- As part of the Aero Show, PHD Chamber IAS, Additional Secretary (DP) apprised that sentatives from armies of different countries, organized a seminar with the theme ‘Make in the MoD is assisting SMEs in terms of provid- think tanks, SMEs, and start-ups.

24 | India Inc. / MARCH 2017 GLIMPSES OF THE PARTICPANTS AT THE 11TH INTERNATIONAL SHOW

India Inc. / MARCH 2017 | 25 CAW

spective countries & showcased videos about sports and cultural tourism related aspects of their countries. Mr. Gopal Jiwarajka, President, PHD Chamber shared that Golf is a sport that is appreciated by the connoisseurs across the globe. He suggested that stakeholders need to adopt an integrated approach for boosting golf tourism in India and also assured that the Chamber’s support to all concerned stake- holders. Mr. Mukesh Gupta, Chairman, PHD Tour- ism Committee shared that India has the strength to provide round the year tourism with Golf becoming a growing sport world- wide. Mr. Rajan Sehgal, Co-Chairman, PHD Tourism Committee opined that Golf attracts 0U$UFKLO']XOLDVKYLOL$PEDVVDGRU(PEDVV\RI*HRUJLD+(0U&KXQJ.ZDQJ7LHQ$PEDVVDGRU RI7DLZDQ 5HSUHVHQWDWLYH7DLSHL(FRQRPLF &XOWXUDO&HQWUHLQ,QGLDDQG7DLZDQ7RXULVP%XUHDX affluent, high value adding tourists who gen- +( 0U 'DWR 3DGXND 6LGHN$OL$PEDVVDGRU ([WUDRUGLQDU\ DQG 3OHQLSRWHQWLDU\ (PEDVV\ RI %UXQHL erate significantly above average per capita 'DUXVVDODP 0U *RSDO -LZDUDMND 3UHVLGHQW 3+' &KDPEHU 0U )DURRT 6KDK ,$6 6HFUHWDU\ 'HSDUWPHQWRI7RXULVP*RYHUQPHQWRI-DPPX .DVKPLU0U0XNHVK*XSWD&KDLUPDQ3+'7RXULVP revenues for the destinations they frequent &RPPLWWHHDQG0U$QLO6HROHNDU&KDLUPDQ2[IRUG*ROI5HVRUW3XQH to. He shared that the environment of each Golf course in India is unique in its culture and history, stating that India makes a diverse destination, offering fresh challenges and PHD Golf Tourism promoting golf as a niche tourism product. The Conclave was also graced by Ms. Anjum Chopra, Co-Chairperson, PHD Sports Committee; Mr. Anil Seolekar, Chairman, Ox- Conclave & Golf ford Golf Resort, Pune; Mr. Saurabh Sanyal, Secretary General and Mr. Yogesh Srivastav, Director, PHD Chamber among other invited eminent dignitaries and keen golfers. The delegates shared that one of the key respon- Tournament- 2017 sibilities of golfers is to raise the quality of the he PHD Golf Tourism Conclave and The occasion was also graced by Mr. golf courses in the tourism market by working Tournament 2017, the first of its kind Chung-Kwang Tien, Ambassador of Taiwan & in collaboration with various golf courses. Twas held on February 24-25, 2017 Representative, Taipei Economic & Cultural Mr. Saurabh Sanyal, Secretary Gener- in Pune with a focus on promoting India as Centre, in India and Taiwan Tourism Bureau; al, PHD Chamber in his vote-of-thanks was a favoured Golfing destination in the world. Mr. Dato Paduka Sidek Ali, Ambassador Ex- hopeful that the Chamber’s endeavours will The Conclave held on February 24, 2017 at traordinary and Plenipotentiary, Embassy of work as a foundation for making India as the Hotel ‘O’, Pune aimed to bring all the relevant Brunei Darussalam and Mr. Archil Dzuliash- favoured destination of Golf Tourism on the stakeholders – the Central and State govern- vili, Ambassador, Embassy of Georgia who world map. ments and the private sector on one platform shared the golfing opportunities in their re- The Golf Tourism Tournament 2017 was to discuss investment opportunities in the golf tourism sector, improve the existing in- frastructure and boost golf tourism in India. Hon’ble Chief Guest, Mr. Farooq Shah, IAS, Secretary, Department of Tourism, Gov- ernment of Jammu & Kashmir appreciated PHD Chamber’s initiative for organizing the event at Pune, bringing together the elite representation from the tourism industry and keen golfers to discuss and deliberate on creating a road map to promote Golf Tourism in India. Mr. Shah shared that Jammu and Kashmir already known for its natural beauty has four amazing Golf Courses which are a 0U *RSDO -LZDUDMND 3UHVLGHQW 3+' &KDPEHU 0U 5DMDQ 6HKJDO &R&KDLUPDQ 3+' 7RXULVP challenge even for the most avid golfers. Mr. &RPPLWWHH+(0U'DWR3DGXND6LGHN$OL$PEDVVDGRU([WUDRUGLQDU\DQG3OHQLSRWHQWLDU\(PEDVV\ Farooq Shah invited the Chamber to host an- RI %UXQHL 'DUXVVDODP 0U$UFKLO ']XOLDVKYLOL$PEDVVDGRU (PEDVV\ RI *HRUJLD 0U )DURRT 6KDK other Golf Tournament in J&K in the month ,$6 6HFUHWDU\ 'HSDUWPHQW RI 7RXULVP *RYHUQPHQW RI -DPPX  .DVKPLU DQG 0U &KXQJ.ZDQJ 7LHQ$PEDVVDGRURI7DLZDQ 5HSUHVHQWDWLYH7DLSHL(FRQRPLF &XOWXUDO&HQWUHLQ,QGLDDQG7DLZDQ of April. 7RXULVP%XUHDX

26 | India Inc. / MARCH 2017 held on February 25, 2017 at the Oxford Golf Pune airport, is set in a beautiful locale and Winner Category B – Handicap (17-24) – Resort, Pune. The tournament brought to- is bordered on three sides by the Sahyadri Mr Anil Dev; Best Lady golfer – Ms. Meeta gether elite invitees- Captains of the Industry; hills. The 18-hole horseshoe-shaped course Makhan; Longest Drive – Col. Sanjay Singh; Senior Government officials; Keen Golfers; is a treat for golfers due to its international Straightest Drive - Ms. Yin Jiun Tien Chen and Diplomats and several acknowledged busi- standards and beautiful view. It has several Closest to Pin – Wg Cdr. Pramod Kalia ness leaders. vantage point tee boxes which provide a great The program was supported by Minis- While inaugurating the tournament, Mr. view of the silver sand bunkers as one drives try of Tourism; India Golf Tourism Associ- Gopal Jiwarajka, President, PHD Chamber one’s ball down the hills and over 40 practice ation-IGTA; Oxford Golf Resort, Pune; The welcomed all the keen and avid golfers from bays give it its world-class appeal. Leadbetter Golf Academy; Hotel “O’’; Air all across India and abroad for participating The Oxford Golf course proved a chal- India; Lemon Tree Hotels; Graphisads and in the tournament at Asia’s 2nd largest Golf lenge even for most experienced golfers. The Sadhna TV; Premier Lifestyle Management; Course i.e. Oxford Golf Resort. winners for the tournament were: Best Gross Air Asia; Mecarnic Technologies Pvt. Ltd; The Oxford Golf Resort in Pune – a Player – Mr. Rudra Shriram; Winner Catego- Mahindra Lifespace Developers; Golf Plus championship course which is 22km from ry A – Handicap (0-16) – Mr. Pawan Saluja; Magazine and TIE and J&K Tourism. GLIMPSES OF GOLF TOURISM & TOURNAMENT

India Inc. / MARCH 2017 | 27 CAW

'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU'U1DQGLWD&KDWWHUMHH,$66HFUHWDU\0LQLVWU\RI+RXVLQJDQG8UEDQ3RYHUW\$OOHYLDWLRQ0U*RSDO-LZDUDMND 3UHVLGHQW3+'&KDPEHU0U9HQNDLDK1DLGX+RQ¶EOH8QLRQ0LQLVWHURI+RXVLQJDQG8UEDQ3RYHUW\$OOHYLDWLRQ0U5DMHHY7DOZDU9LFH3UHVLGHQW3+' &KDPEHUDQG0DQLVK$JDUZDO&KDLUPDQ+RXVLQJ 8UEDQ'HYHORSPHQW&RPPLWWHH3+'&KDPEHU Conference on ‘Real Estate Sector Post Remonetisation & RERA’

he Housing and Urban Development Committee of PHD Chamber organized Ta conference on ‘Real Estate Sector Post Remonetisation & RERA’ on February 21, 2017 at PHD House, New Delhi. The confer- ence was attended by more than 115 distin- guished delegates from industry. Mr. Venkaiah Naidu, Hon’ble Union Min- ister for Urban Development, Housing & Ur- 0U$QNLW7\DJL)RXQGHU &226RWKHE\¶V,QWHUQDWLRQDO5HDOW\0U*DXUDY-DLQ0DQDJLQJ'LUHFWRU ban Poverty Alleviation was the Chief Guest -LQGDO5HDOW\0U6XQLO$JDUZDO'LUHFWRUDQG$VVRFLDWH'HDQ6FKRRORI5HDO(VWDWH5,&60V.DMRUL 6HQ-RXUQDOLVWDW&11,%10U3UDWDS3DGRGH)RXQGHU 'LUHFWRU6PDUW&LWLHV&RXQFLO,QGLDDQG0U for the inaugural session at the conference 9LNUDP*RHO&(2+')&5HDOW\ while Dr. Nandita Chatterjee, Secretary, Min- istry of Housing & Urban Poverty Alleviation 1 Mr. Talwar said that RERA, incentives lower interest rates as well as larger was the Guest of Honour. to Affordable Housing and de-mon- finance from banking institutions are Mr. Gopal Jiwarajka, President, PHD etisation are indeed good steps for a dire necessity in the coming years. Chamber mentioned about the correction making the industry transparent. Having said this, the Chamber ap- mode of real estate sector in the post-de- However, if finance remains really preciates the subsidy on interest an- monetization period. He hoped that the gov- high priced, then the industry will nounced by Prime Minister for Low ernment will take steps to match supply and be unable to grow, because RERA – Cost Housing. demand in the near future. sale permitted only after all approvals 2 The Prime Minister’s scheme of Mr. Rajeev Talwar, Vice President, PHD and use of cash in secondary sales ‘Housing for All’ has been taken by Chamber made the following suggestions to will dry up the traditional source of the Central Board of Direct Taxes to Hon’ble Urban Development Minister at the funds in the age old model of real mean only “ownership” of housing. conference. estate in our country. He opined that Mr. Talwar indicated that a very im-

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28 | India Inc. / MARCH 2017 portant part in any economy is pro- motion of rental housing as it adds to the overall pool of housing and construction. This segment of in- vestment needs to be encouraged by allowing one or more apartments to be bought from the proceeds or sale of an existing house/apartment. The UPA Government had introduced an embargo on utilising sale pro- ceeds of property in more than one 0U *DXUDY -DJJL 3DUWQHU +.-  $VVRFLDWHV $GYRFDWHV  &RQVXOWDQWV 0U 6LGGKDUW *RHO 6HQLRU house/apartment. Mr. Talwar opined 'LUHFWRU5HVHDUFK6HUYLFHV&XVKPDQ :DNH¿HOG'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU0U 1DUHQGUD.XPDU$GYRFDWHRQ5HFRUGVDQG0U$PLW2EHURL1DWLRQDO'LUHFWRU&ROOLHUV,QWHUQDWLRQDO that the rationale should be that the entire amount of proceeds from the sale of a house/apartment should be re-invested in residential properties without any restriction on the number of properties. 3 Mr. Talwar pointed out that an in- crease in rental housing will lead to lowering of prices of real estate as also lowering the rents charged by increasing the supply of such hous- es/apartments all over the country. It 'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU'U1DQGLWD&KDWWHUMHH,$66HFUHWDU\0LQLVWU\RI+RXVLQJ DQG8UEDQ3RYHUW\$OOHYLDWLRQ*RYHUQPHQWRI,QGLD0U*RSDO-LZDUDMND3UHVLGHQW3+'&KDPEHU0U would, therefore, be prudent that the 9HQNDLDK1DLGX+RQ¶EOH8QLRQ0LQLVWHURI+RXVLQJDQG8UEDQ3RYHUW\$OOHYLDWLRQ*RYHUQPHQWRI,QGLD amount allowed for maintenance of 0U5DMHHY7DOZDU9LFH3UHVLGHQW3+'&KDPEHUDQG0U0DQLVK$JDUZDO&KDLUPDQ+RXVLQJ 8UEDQ rental housing should be increased 'HYHORSPHQW&RPPLWWHH from the existing 30% to 50% of the by impacting the demand for such long-term capital gains tax will be annual rent. This will ensure an ad- housing. applicable (as early as sale of any ditional amount for further promotion property) after two years of owner- of housing and construction seg- 5 Mr. Talwar said that the policy of making ownership of housing into a ship. Mr. Talwar suggested that it ment. financial instrument by levying long- would be prudent to bring tax on un- 4 One of the announcements made in term capital gains tax if a property is sold inventory and re-investment of this year’s budget has been to place sold after a period of two years is a actual gains from property at par with a cap of Rs.2 lakh only on account of welcome step. The Finance Minister each other – either in two years or in payment of interest on loans taken for tried to set right the double-jeopardy, three years in both the cases. the second or other homes, by any which was imposed on the unsold Mr. Manish Agarwal, Chairman, Hous- apartment owner. Mr. Talwar recom- inventory in any housing project. ing & Urban Development Committee, PHD mended that it would be in national The budget announced that tax on Chamber delivered the vote-of- thanks at the interest to increase construction and deemed notional rental income on inaugural session. housing activity, because of its mul- unsold inventory will be levied only The session on panel discussion was tiplier effect on associated industries after one year of getting a Comple- moderated by Ms. Kajori Sen, Journalist, as well as on employment. This pro- tion Certificate. An anomaly may CNN-IBN, while the technical session was vision in the current budget actually arise because if re-investment is moderated by Dr. Ranjeet Mehta, Director, goes against the promotion of Af- currently allowed for three years (to PHD Chamber. Other eminent panelists were fordable Housing and other housing any seller of any property) whereas from- RICS, HDFC Realty, Jindal Realty, Smart Cities Council India & Sotheby’s International Realty, Colliers International, Advocate from Supreme Court, Cushman & Wakefield and HKJ & Associates Advocates & Consultants. Conference’s Impact: Prime Minister considers PHD Chamber’s suggestions Post conference, Mr. Rajeev Talwar was invited by the Prime Minister’s Office along with Urban Development and MOUPA Secre- tary to give a presentation on how to create more affordable housing in the country by en- gaging the private sector. The Finance Minis- try has been advised by the Prime Minister’s Office to consider the suggestions given by 0HGLD,QWHUYLHZRI0U9HQNDLDK1DLGX+RQ¶EOH8QLRQ0LQLVWHURI+RXVLQJDQG8UEDQ3RYHUW\$OOHYLDWLRQ PHD Chamber to promote affordable housing *RYHUQPHQWRI,QGLD in the country.

India Inc. / MARCH 2017 | 29 CAW Conference on 3D Printing The Game Changer

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HD Chamber in association with the and gullible rural masses could take advan- sity; Dr. Anjan Kumar Baral, Associate Pro- Department of Scientific and Industri- tage of the product innovations and connect fessor - Department of Printing Technology, Pal Research, Ministry of Science and with the rest of the world in terms of technol- Guru Jambheshwar University of Science & Technology organized a conference on ‘3D ogy to launch their aspirations. Technology; Mr. Sushil K. Baranwal, Founder Printing: The Game Changer’ on February 22, The speakers in the session on ‘The Fu- - Morphedo Technologies (P) Ltd. and Prof. 2017 at PHD House, New Delhi. The knowl- ture of Additive Manufacturing and 3D Print- (Dr.) Vandana Narang, Campus Director- NIFT edge partner for the conference was National ing’ included Mr. V. K. Mishra, Co-Chairman, Delhi. Science & Technology Entrepreneurship De- Innovation Committee, PHD Chamber; Prof. The speakers of session on ‘Unlocking velopment Board, Ministry of Science and Rajendra Kumar, Associate Professor - Su- potential of 3D printing in Healthcare and Technology. shant School of Architecture, Ansal Univer- Medical Devices’ included Dr. Jatinder Singh, The conference aimed at keeping abreast of the current developments in 3D Printing Technologies and brought together leading organizations to present their latest innova- tions in the area of 3D printing and additive manufacturing. The conference was presided over by Mr. Deepak Pahwa, Chairman, Innovation Committee, PHD Chamber. Expert speakers included Dr. Pulak M. Pandey, Professor - Mech. Engg. Dept., IIT Delhi; Mr. Vipin Ty- agi, Executive Director, C-DOT, Ministry of Communications & Information Technology and Prof. Kamal Chopra, President - All India Federation of Master Printers.

Mr. Vipin Tyagi was of the view that with 3URI5DMHQGUD.XPDU$VVRFLDWH3URIHVVRU6XVKDQW6FKRRORI$UFKLWHFWXUH$QVDO8QLY'U$QMDQ 3D printing technology, C-DOT is making .XPDU%DUDO$VVRFLDWH3URI'HSWRI3ULQWLQJ7HFKQRORJ\*XUX-DPEKHVKZDU8QLYHUVLW\RI6FLHQFH products and articles through which the us-  7HFKQRORJ\ 0U 9 . 0LVKUD &R&KDLUPDQ ,QQRYDWLRQ &RPPLWWHH 3+' &KDPEHU 0U 6XVKLO . %DUDQZDO)RXQGHU0RUSKHGR7HFKQRORJLHV 3 /WGDQG3URI 'U 9DQGDQD1DUDQJ&DPSXV'LUHFWRU age of broadband and internet, even illiterate 1,)7'HOKL

30 | India Inc. / MARCH 2017 Senior Secretary, PHD Chamber; Mr. L. Jyo- thish Kumar, President - Additive Manufac- turing Society of India; Mr. Abhinav Singhal, CEO - Oxygen to Innovation; Mr. Shubham Garg, CEO – Autoabode; Dr. N. John Nesan, Director - Centre for Technology Assisted Reconstructive Surgery and Mr. Ashutosh Ku- mar, Mentor - Startup Fellowship. The conference suggested that efforts amounting to occurrences of innovations even if met with persistent and consistent failures in early stage of life augur well for future whereas if such a thing happens in the later stage of life, it usually leads to bunch of failures. It is thus necessary to seek owning of intellectual property rights through proper patenting on any product innovation to make sure that it is not misused and this is particu- larly true when innovations are taking place in 0U/-\RWKLVK.XPDU3UHVLGHQW$GGLWLYH0DQXIDFWXULQJ6RFLHW\RI,QGLD0U$EKLQDY6LQJKDO&(2 3D printing which India is gradually adopting 2[\JHQWR,QQRYDWLRQ0U6KXEKDP*DUJ&(2$XWRDERGH'U1-RKQ1HVDQ'LUHFWRU&HQWUHIRU 7HFKQRORJ\$VVLVWHG5HFRQVWUXFWLYH6XUJHU\0U$VKXWRVK.XPDU0HQWRU6WDUWXS)HOORZVKLSDQG'U and adapting to. -DWLQGHU6LQJK6HQLRU6HFUHWDU\3+'&KDPEHU Meeting with Deputy Co-Chairman, Kazakh-Indian Business Council and Director of Centre for International Business Partnership, Almaty, Kazakhstan he International Affairs Committee for CIS, PHD Chamber organized an inter- Taction with Mr. Azhmat Alimov, Deputy Co-Chairman, Kazakh-Indian Business Coun- cil and Director of Centre for International Business Partnership, Almaty, Kazakhstan, Mr. Kassym Mukashev, Third Secretary, Em- bassy of the Republic of Kazakhstan and its members on February 22, 2017, PHD House, New Delhi. Mr. Saurabh Sanyal, Secretary General, PHD Chamber pointed out that the Chamber looks forward to cooperation from the CIS countries in strengthening bilateral ties. He mentioned that some core areas where CIS could collaborate with India are – minerals & mining, agriculture & agro processing, ser- vice industry, power especially renewable and pharmaceuticals. Mr. Alimov detailed the participants about the history of the Kazakh-Indian Busi- ness Council and stated that the objective of the Council is to increase business interac- tions and strengthen economic ties with their Indian counterparts. Industry members interacted with Mr. Alimov and Mr. Mukashev on various issues and explored opportunities in sectors of IT & ITES, agriculture, agro processing, turnkey projects, food processing, polymers amongst others.

India Inc. / MARCH 2017 | 31 CAW

Yogesh Srivastav, Director, PHD Chamber. Mr. Anil Khaitan, Senior Vice President, PHD Chamber in his welcome remarks said that Thailand is the second largest leader in the world’s furniture segment and is the hub for producing and exporting Hevea wood products in the region. He stated that furniture produced in Thailand is known for its qual- ity, innovative and modern styling and cost effectiveness which needs to be promoted in India, as its huge market here can absorb the furniture imports quite conveniently, given its multiplicities of income groups. He also said that India is one of the largest importers of furniture. Mr. Nikorn Likhitwangphanit, President, Thai Hevea Wood Association & Manag- ing Director of Choosak Sothern Parawood informed that Thailand’s wood industry is making a substantial contribution to the de- velopment of the country, producing import- ant benefits and playing a significant role in promoting economic growth. Mr. Nikorn also 0U$QLO.KDLWDQ6HQLRU9LFH3UHVLGHQW3+'&KDPEHUDGGUHVVLQJWKHVHVVLRQ praised Indian wood and furniture industry and opined that Indian furniture market has been booming and is going to become a bil- Thai Hevea Wood Business Matching lion dollar industry soon. Mr. Akarin Vongapirat, Deputy Gener- al Secretary, Thai Hevea Wood Association and Wood Processing Industry Club, FTI in A Business his presentation on Thailand Hevea Wood Industry and its potential of Supply, gave an insight into the Thai Heavea wood plantation, its utilization and its supply and properties. Matching Session He informed that the plantation of the Hevea wood includes more than one million farmers HD Chamber in collaboration with the Tharadol Thongruang, Minister Counselor and is one of the leading types of wood in the Royal Thai Embassy organized the ‘Thai (Commercial), Royal Thai Embassy; Mr. Sutin world and The Thai Hevea Wood Association PHevea Wood Business Matching Ses- Ponchaisuree, Honorary President, Thai He- happens to be the biggest timber industries sion’ on March 2, 2017 at Hotel Le Meridien, vea Wood Association; Mr. Akarin Vongapirat, in Thailand. New Delhi. Deputy General Secretary, Thai Hevea Wood The Indian companies participating in The session was organized to promote Association and Wood Processing Indus- the Business Matching Session consisted of the furniture produced in Thailand by the try Club, F.T.I; Mr. Nikorn Likhitwangphanit, Alban Roux, Richwood, Try Square, Colonial members of Thai Hevea Wood Association, President, Thai Hevea Wood Association & Hard Woods (P) Ltd., Fabwood and the likes given its quality and cost effectiveness for the MD of Choosak Southern Parawood Ltd; Mr. who showed their keen interest to partner with Indian market in its various landscapes. The Anil Khaitan, Senior Vice President and Mr. the Thai counterparts. session was organized with an objective to explore immense possibilities for enhancing furniture exports of Thailand towards India in which the consumption of furniture is likely to gallop manifold with the slogan of ‘Housing for All’ in India becoming a stark reality in next few years. The current market size of furniture in India is estimated at US$ 20 billion out of which wooden furniture size is estimated around US$ 6 billion. Out of this US$ 6 bil- lion estimated wooden business size, a sub- stantial chunk is imported from countries like 0U

32 | India Inc. / MARCH 2017 Ministry of Commerce & Industry Department of Commerce PHD Reach Beyond Borders The PHD Chamber of Commerce and Industry has planned an eventful calendar of activities all over the world. Join us on a globetrotting world tour to explore business opportunities beyond borders…

LIST OF ANNUAL EVENTS (2017-2018)

SHENZEN, CHINA – April 25 – 28, 2017 - China Int’t Gift Premium & Handicraft Fair

DUSSELDORF, GERMANY – May 4 – 10, 2017- Interpack Process & Packaging Exhibition

DUBAI, UAE - May 14 – 16, 2017 - Beauty World Middle East

KUALA LUMPUR MALAYSIA – May 31 – June 4, 2017 Global Indian Festival – Multi Sector

BANGKOK, THAILAND – May 31 - June 4, 2017 THAIFEX – World of Food Asia

SOCHI, RUSSIA - July 7 – 11, 2017 Best of India Show - MULTI SECTOR

DHAKA, BANGLADESH – July 11 – 13, 2017 Wood & Woodworking Machinery Expo, Buildcon

NEW DELHI, INDIA – July 28 – 31, 2017 RBSM at IMTOS (India Machine Tools Show)

TEHRAN, IRAN – Spet. 3 - 6, 2017 IRANTEX – Textile Machinery Show

AMRITSAR, INDIA – Dec. 8 - 12, 2017 SAARC RBSM at PITEX

ADIS ABABA, ETHIOPIA - Feb. 4 – 6, 2018 Agri Food Plast Pack

KATHMANDU, NEPAL - Feb. 7 -10, 2018 Nepal Buildcon/Nepal Wood

FOR PARTICIPATION AND FURTHER DETAILS, PLEASE CONTACT: Rakesh Sangrai, Joint Secretary, International Trade Fairs & Exhibitions

PHD CHAMBER OF COMMERCE AND INDUSTRY PHD House, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi - 110016 Tel: 91-11-26863801-04, Dir: 49545422, M: 8285011851 Fax: 981-11-26855450, 49545451 Email: [email protected] Website: www.phdcci.in

ANNUAL PLAN 2017 - 2018 FOCUS STATE : HARYANA National Symposium on Intellectual Property Rights for SMEs and Start-Ups

he Micro, Small & Medium Enterpris- es Development Institute, (MSME DI) TOkhla, New Delhi organized a two-day National Symposium on IPR Intellectual Property Rights for SMEs and Start-Ups, De- cember 23-24, 2016 at Faridabad, Haryana. PHD Chamber was the supporting partner of the event. The objective was to create awareness, capacity building and implementation of IP for the SMEs, Academia and Startups and to interact with the government officials, IP experts and leaders from industry, academi- cians, professionals, technologists, etc. re- garding recent trends on IP and new initiatives and services provided by the government. Mr. Surendra Nath Tripathi, Additional Secretary & Development Commissioner MSME was the chief guest for the occasion. 0V$QMX%DMDM&R±&KDLUPDQ&RPPLWWHHRQ060(V3+'&KDPEHUDQG0U'LQHVK-RWZDQL5HJLRQDO Ms. Anju Bajaj, Co-Chairman, Committee +HDG*RYHUQPHQW3URJUDPV1&5&RUSRUDWLRQV on MSMEs, PHD Chamber stated that entre- increase revenues. PHD Chamber has set up adoption of IPRs amongst entrepreneurs and preneurs should be proactive in implementing an IPR Facilitation Centre with the support of MSMEs in India while also making accessible IP solutions to identify novel innovations and Ministry of MSMEs to promote awareness and high-quality IP services and resources. GST Council approves the Central Goods and Services Tax (CGST) Bill and the Inte- grated Goods and Services Tax (IGST) Bill

he Goods and Services Tax (GST) Coun- es on them. services used for business. ITC entitlement cil approved the draft CGST Bill and the arising out of taxes paid under the Central Law - A business entity with an annual turn- draft IGST Bill as vetted by the Law Min- T over of upto Rs. 20 lakhs would not be re- can be cross-utilised for payment of taxes un- istry. This allows the government to take these quired to take registration in the GST regime. der the States or UT laws. bills to the Parliament for their passage in the Annual turnover threshold in the Special Cat- budget session. -In the services sector, the existing egory States such as Arunachal Pradesh, Sik- mechanism of Input Service Distributor under Some of the main features of the two kim, Uttarakhand, Himachal Pradesh, Assam the Service Tax law has been retained to allow Bills are as follows: and the other States of the North-Eas) for not the flow of ITC in respect of input services taking registration is Rs. 10 lakhs. -A State-wise single registration for a within a legal entity. taxpayer for filing returns, paying taxes,and -A business entity with turnover upto Rs. -An agriculturist would not be liable to to fulfil other compliance requirements. 50 lakhs can avail the benefit of a composi- take registration in the GST regime. Compliance requirements would be fulfilled tion scheme under which it has to pay a much online, thus leaving very little room for physi- lower rate of tax and has to fulfil very minimal -Transitional provisions have been pro- cal interface between the taxpayer and the tax compliance requirements. The Composition vided to ensure migration of existing taxpay- official. Scheme is available for all traders, select ers and seamless transfer of unutilised ITC in manufacturing sectors and for restaurants in -A taxpayer has to file one single return the GST regime. the services sector. state-wise to report all his supplies, whether -An anti-profiteering provision has been made within or outside the State or exported -In order to prevent cascading of taxes, incorporated to ensure that the reduction of out of the country and pay the applicable tax- ITC would be admissible on all goods and tax incidence is passed on to the consumers.

34 | India Inc. / MARCH 2017 FOCUS STATE : JAMMU & KASHMIR A round-table discussion on ‘Make in India, Make in J&K’ &K Chapter of PHD Chamber organized a round-table discussion on ‘Make in JIndia, Make in J&K’ in collaboration with ICccR & HRM, Jammu University on February 23, 2017 at Jammu. Mr. Anil Khaitan, Senior Vice President, PHD Chamber in his welcome address con- gratulated the State government for imple- menting significant reforms including Access to Information and Transparency Enablers, Single Window System, Availability of Land, Construction Permit Enablers and Environ- mental Registration Enablers among others. Mr. Khaitan also mentioned that the State government and the Union government are putting their best efforts to promote indus- tries and generate employment opportunities in the state of Jammu and Kashmir. Mr. Khai- 0U9LNUDQW.XWKLDOD&KDLUPDQ3+'&&,- .-DPPXUHFHLYLQJ&KLHI*XHVW+RQ¶EOH0LQLVWHU0U&KDQGHU tan handed over the report prepared by PHD 3UDNDVK*DQJDIRU,QGXVWULHVDQG&RPPHUFH- .*RYW Research Bureau for Ease of Doing Business University were the speakers for the roundtable in India and apprised the audience that more cussion also stressed upon reviving the ailing than 100 recommendations were included manufacturing sector through single-window discussion. Prof Desh Bandhu Gupta, Dean Ac- for policy making for ‘Make in India’ flagship clearance and cutting out red-tapism which ademic Affairs, Jammu University, presided over program. shall provide impetus for employment and the roundtable discussion. growth. The Minister appreciated the Cham- Chief Guest, Mr. Chander Prakash Ganga, The various initiatives taken at state lev- ber for organizing the interactive session for Minister for Industries and Commerce J&K el to strengthen ‘Make in India’ campaign the promotion of industry, trade and entrepre- Govt. apprised the participants about the on- including online processing of business neurship in the State. going initiatives of J & K Govt. to promote proposals, self certification, establishment industry and Start-ups. He made a special Mr. Vikrant Kuthiala, Chairman, PHDCCI, of green corridor at Lakhanpur, delegation of mention about the avenues for women entre- J&K, Jammu; Mr. Kuldeep Gupta, Co-Chair- powers and time bound clearances from other preneurs. He also emphasized that the State man, PHD Chamber, Jammu; Mr. Pratul Tandon, departments, including power development government is concerned about the promo- CIPAM, Department of Industrial Policy and Pro- department and State Pollution Control Board tion of the ‘Make in India’ initiative of Prime motion, GOI; Mr. Rakesh Kumar Gupta, Char- were also discussed. tered Accountant; Mr. Sunil Gupta, Vice-Pres- Minister Modi. ident, J&K Bank Ltd.; Prof Dipankar Sengupta, On this occasion, the Placement Bro- The discussion revolved around iden- Department of Economics, JU; Mr. Amit Shar- chure for MBA (International Business) Pro- tifying the connect between ‘Make in India’ ma, Managing Director, J&K State Industrial De- gram (Session 2016-17) and the Academic and ‘Make in J&K’ wherein major initiatives velopment Corp.; Mr. Lalit Mahajan, Chairman, Brochure of ICccR & HRM, University of Jam- designed to facilitate investment, foster in- Federation of Industries, Jammu; Mr. Annil mu (Session 2017-18) were also released novation, skill development, protection of in- Suri, Ex-Chairman, Federation of Industries, by Mr. Chander Prakash Ganga and Mr. Anil tellectual property rights and manufacturing Jammu and Professor Neelu Rohmetra, Found- Khaitan, Senior Vice President, PHD Chamber infrastructure were deliberated upon. The dis- er Director, ICccR & HRM and Rector, Jammu along with other dignitaries.

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India Inc. / MARCH 2017 | 35 FOCUS STATE : PUNJAB South Asian Trade Fair & Consumer Expo-2017 Press Conference was held at the Pun- jab Press Club, Jalandhar on February A15, 2017 to announce the ‘South Asian Trade Fair & Consumer Expo-2017’ February 16-20, 2017 at Jalandhar. It was addressed by the Mr. R. S. Sachdeva, Chairman, Punjab Committee; Mr. Sanjeev Juneja, Convenor, Jalandhar Zone; Mr. Raja Amer Iqbal, Presi- dent, Rawalpindi Chamber of Commerce & Industry; Mr. Fahad Barlas of Pak World Trade 0U6DQMHHY-XQHMD&RQYHQRU-DODQGKDU=RQH0U566DFKGHYD&KDLUPDQ3XQMDE&RPPLWWHH3+' & Expo Centre, Pakistan and Ms. Madhu Pillai, &KDPEHU0U5DMD$PLU,TEDO3UHVLGHQW5DZDOSLQGL&KDPEHURI&RPPHUFH ,QGXVWU\3DNLVWDQDQG Resident Director, PHD Chamber, Chandigarh. 0U)DKDG%DUODVRI3DN:RUOG7UDGH ([SR&HQWUH3DNLVWDQ A dinner was also hosted on the eve of the Expo for the Pak delegation. The fair was inaugurated on February 16, 2017 jointly by Mr. Raja Amir Iqbal, President, RCCI and Mr. Gursharan Singh, President of Federation of Jalandhar Industrial and Traders Associa- tion. Mr. Iqbal appreciated the efforts of PHD Chamber for organizing this event which will not only help strengthening trade relations with Pakistan but the entire South Asia. Lat- 0U3UDGHHS5DWWDQ$GGO5HVLGHQW'LUHFWRU0V0DGKX3LOODL5HVLGHQW'LUHFWRUDQG0U6DQMHHY-XQHMD er, Raja Amer Iqbal, Mr. Gursharan Singh and &RQYHQRU-DODQGKDU=RQH3+'&KDPEHU0U*XUVKDUDQ6LQJK3UHVLGHQWRI)HGHUDWLRQRI-DODQGKDU other dignitaries took a round of the Exhibition ,QGXVWULDODQG7UDGHUV$VVRFLDWLRQDQG0U)DKDG%DUODVRI3DN:RUOG7UDGH ([SR&HQWUH3DNLVWDQ and visited different pavilions. LQDXJXUDWLQJWKH([SR Speaking on the occasion, Ms Madhu Pillai said that the Indian side of Punjab was already on the world map in terms of exports of fashion, sports and agriculture. She add- ed that the objective of the Expo is to fur- ther boost exports and international trade in the region.Handicrafts, gems and jewellery, handmade garments, shawls, textile prod- ucts, leather garments, furniture, Pashmina and food stalls were the key attractions at the Expo. Traditional culinary delicacies and spices, itar and dry fruit from Egypt also at- tracted the visitors. Over 70 exhibitors from Pakistan, Afganistan and various parts of India participated in the Expo. The Expo received a footfall of approx. 50,000 during the five days 0U *XUVKDUDQ 6LQJK 3UHVLGHQW RI )HGHUDWLRQ RI -DODQGKDU ,QGXVWULDO DQG 7UDGHUV $VVRFLDWLRQ 0U -DLGHHS 6LQJK &RQYHQRU$PULWVDU =RQH 3+' &KDPEHU 0U 6DQMHHY -XQHMD &RQYHQRU -DODQGKDU and was extensively covered by local media. =RQH3+'&KDPEHU

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36 | India Inc. / MARCH 2017 FOCUS STATE : RAJASTHAN

0U$VKRN$JDUZDO3UHVLGHQW72'$50U3UDEKDNDU6LQKD'HSXW\)LQDQFLDO(GLWRU7KH7LPHVRI,QGLD0U$QXUDJ6KDUPD3UHVLGHQW&5('$,5DMDVWKDQ DQG0U$EKLVKHN0LVKUD&KDUWHUHG$FFRXQWDQW Conference on Decoding the Impact of Demonetization on Real Estate he PHD Chamber organized a confer- a demon but as a silver lining and industry timely. He pointed out that housing projects, ence on the ‘Impact of Demonetisation should seek opportunity in driving business. mostly in NCR region are facing a financial Ton Real Estate’ on December 24, 2016 However, the government should lend sup- crunch and post demonetization the situation at Hotel Fern, Jaipur. port to industry in terms of packages and has worsened. He suggested that the govern- Mr. Sharad Mishra, Chairman, Rajasthan incentives, he further added. ment should come up with some subsidy and Infrastructure Committee, PHD Chamber and Mr. Ashok Agrawal, President Township an incentive scheme to complete its amb- Director, Trimurty Colonisers & Builders in Developers Association of Rajasthan (TO- tious plan of ‘Housing for All’ by 2022. his welcome speech said that the impact of DAR), Rajasthan said that the demonetiza- Mr. Abhishek Mishra, Director, Trimurty demonetization has been huge on the real tion has disrupted the market. However, the Colonisers stated that demonetization will estate industry. He opined that the industry price correction will lead to surge in volumes bring in transparency in the sector. This may was passing through a lean period and de- as real estate would still remain the best in- lead to more foreign investment coming into monetization has made the situation worse. vestment option. He predicted that real estate the country and real estate firms may look up He further added that in coming times, or- industry, particularly in Rajasthan, would see to markets to raise money. However, this will ganized real estate players may survive but a boom in coming times as only genuine op- take some time as demonetization has shaken demonetization has wiped out all fly-by-night erators would be left in the market. up the confidence of investors and the pres- operators. Mr. Anurag Sharma President CREDAI, ent situation was a consolidation time for real Mr. Prabhakar Sinha, Deputy Financial Rajasthan apprised that CREDAI Rajasthan estate players. He hoped that the markets will Editor, The Times of India opined that this is has geared up to take up the challenges once again show green shoots when banks an opportune time for real estate to get into thrown by demonetization. The real estate in- and financial institutions will ease lending shape and demonetization has come as a dustry would bring in all the good practices norms for real estate projects. boon for this sector as there would be correc- of other industries to become more transpar- Mr. Rituraj Tiwari, Resident Director of tion in property prices and homes would now ent and fair. CREDAI will bring together the PHD Chamber, Rajasthan Chapter coordinat- be within the reach of common man. He said government and financial institutions to fuel ed the discussions and delivered the vote of that demonetization should not be treated as funding so that projects can be completed thanks to the guests.

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India Inc. / MARCH 2017 | 37 FOCUS STATE : UTTAR PRADESH Someone to Love

HD Chamber and its Young Business Ms. Ruchita Mishra exemplifies as to how troduced Ms. Ruchita Mishra to the audience Leaders Forum organized the launching it is not only possible to pursue creative as- and interacted with her on the contents and Pof the Fiction Novel “Someone to Love” pirations along with a demanding ‘job’, but the process of bringing out the book “Some- authored by Ms. Ruchita Mishra on February also, being creatively active, alert, happier, a one to Love”. Ruchita read out a few paras of 9, 2017 in Lucknow. better team player and a more able leader. her novel with tumultuous applaud and appre- This is fourth novel in the series penned In the glittering function at PHD House, ciation by the audience. by Ruchita Mishra, Author of bestselling nov- eminent bureaucrat, Mr. Parthasarthi Sen She said that love was eternal and it had els. She was awarded the coveted ‘Awadh Sharma unveiled the book “Someone to many connotations to every person at differ- Samman’ in 2012. Her 6 books were short Love.” Earlier, Ms. Aparna Mishra of PHD ent points of time and that is what was cap- listed for Young Writer Awards in 2015 and Chamber welcomed Ms. Ruchita Mishra and tured vividly in her novels. the one tilted “The (In) Eligible Bachelors” all the guests to the Launch Program. The launch program was attended by a was on the Hindu’s best seller books’ list and Mr. Gaurav Prakash, Chairperson of large number of eminent personalities of Luc- the “Second Change at Love” was in the top Young Business Leaders of PHD Chamber in- know. 10 in the National bestsellers’ list. Parliamentary Standing Committee Meeting on Industry HD Chamber was invited for a Depart- Rajya Sabha, MP welcomed industry associ- Mahila Udyam Nidhi Scheme. mental-related Parliamentary Standing ations and highlighted how demonetization She also suggested that certification PCommittee on Industry meeting for ex- has affected MSME industry and also issues bodies should give one month’s notice if they amining the Demands for Grants (2016-17) pertaining to Demand for Grants. plan to hike the fees. BIS has increased their of the Ministry of Micro, Small and Medium Mr. Mohit Jain, Chairman, MSME Com- certification fee to 70 percent. Enterprises on February 20, 2017 at Parlia- mittee, PHD Chamber welcomed the allot- ment House, Annexe, New Delhi. She further added that Micro Small indus- ment of Rs. 3002 crore in 2017-18 for the try should be encouraged to put –in- house Mr. Mohit Jain, Chairman, MSME Com- CGS Scheme, which he felt would provide a labs for products and they should be given mittee; Ms. Anju Bajaj, Co-Chair, MSME tremendous boost to the MSMEs in terms of some incentives as this will be important for Committee and the secretariat team attended access to credit. public procurement and quality standards too. the meeting from the Chamber’s side. Ms. Anju Bajaj, Co-Chair, MSME, PHD Further, she said that the budget alloca- Chairing the meeting, Mr. Sharad Yadav, Chamber stated that there should be revival of tion for MDA scheme needs to be enhanced.

38 | India Inc. / MARCH 2017 FOCUS STATE : UTTARAKHAND

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ttarakhand State Chapter of PHD He explained how the Chamber will inter- Mr. S.C. Nautiyal also shared the thought Chamber took an initiative to enable a vene from Ideation to Prototype to Product to process of the state administration in this UUttarakhand specific Startup Ecosys- Distribution – Sales and scaling up. ecosystem which focuses on facilitating a tem by establishing a Startup Task Force. The startup environment by providing specific Dr. Jatinder Singh, Senior Secretary, PHD 1st Startup Awareness seminar was organized provisions in the budget as a policy. Chamber informed that the Chamber is one by the Chapter on February 16, 2017 at Deh- such institution earmarked by the Govt. of Dr. A.K. Nigam, Associate Professor at radun. India to issue a recommendation letter to an UPES stated that the academic involvement Mr. S.P. Kochhar, Chairman, Uttarakhand eligible startup. and importance of it in the Startup ecosys- Chapter of PHD Chamber welcomed the chief tem, is evident from the fact that many of the guest, Mr. Amit Negi (IAS) Secretary Finance He stated that Govt. of Uttarakhand needs start-ups are today initiated from the campus- Govt. of Uttarakhand, Mr. S.C. Nautiyal, Addi- to come up with policy in line with centre’s es itself. tional Director Industry, Govt. of Uttarakhand startup program with special focus on the Dr. P.K. Ghosh, Dy Director, IIT Roorkee and other experts. sectors important for the state, like tourism. as part of the Startup Evaluation program of Mr. Nitesh Kaushik, Co-Chair, for Startup Chief Guest, Mr. Amit Negi, Finance Sec- IIT Roorkee, stated that innovation in the lab of the Task Force, PHD Chamber shared the retary, Govt. of Uttarakhand assured that this is not sufficient; it has to culminate to market objective of the task force which is to provide initiative will not only help stop brain drain adoption passing through recognition, busi- opportunities to Startup Entrepreneurs and from the state but also align originally states’ ness model development and market. Researchers to accelerate the development of resources including human capital, apart Mr. Akshay Singhal a research scholar their Startups with special focus on SMEs & from aligning world resources conducive for from IIT Roorkee shared his story of a suc- Rural Startups. the startup ecosystem. cessful Startup venture Log9 Materials P. Ltd..

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India Inc. / MARCH 2017 | 39 INTERFACE

Meeting with Hon’ble Minister of State for Youth Affairs and Sports (Independent Charge), Ministry of Youth Affairs and Sports PHD Chamber delegation led by Mr. Gopal Jiwarajka, President, PHD Chamber and comprising of Mr. Yogesh Srivastav, Director and Mr APrafful Chugh, Assistant Secretary met the Hon’ble Minister of State for Youth Affairs and Sports (Independent Charge), Ministry of Youth Affairs and Sports, Govt. of India on March 8, 2017 at his residence in New Delhi. The objective of the meeting was to discuss the ppotential collaboration for upcoming policies & schemes of Ministry of Youth Affairs and Sports like NYKS, NPYAD, NYLP etc. with PHD Chamber and to apprise the Hon’ble Minister about the upcoming initiatives at PHD Chamber including 6th India Heritage Tourism Conclave at Khajuraho scheduled for March 16-17, 2017.

Meeting with Secretary (East), Ministry of Meeting CMD, India Trade Promotion External Affairs Organization PHD Chamber delegation led by Mr. Gopal Jiwarajka, President PHD Chamber delegation led by Mr. Rajiv Bhatnagar, Chairman, along with Mr. Anil Khaitan, Senior Vice President, Mr. Purrshot- Defence & HLS Committee along with Maj R. S. Bedi (Retd), Atam Bhaggeria, Chairman, International Affairs Committee for ACo-Chairman, Defence & HLS Committee and Brig. H. P. S. Bedi, Asia-Pacific & Europe, Mr. Sanjeev Ahuja, Co-Chairman, International VSM (Retd), Advisor, Defence & HLS Committee met Mr. L. C. Goyal, Affairs Committee for Asia-Pacific & Europe, Mr. Yogesh Srivastav, Di- Chairman & Managing Director, India Trade Promotion Organization on rector, Ms. Bhavna Singh, Deputy Secretary and Ms. Kruttika Salapaka, February 6, 2017 at CMD’s office to apprise him about the Chamber’s Executive Officer met Ms. Preeti Saran, Secretary (East), Ministry of scheduled conference on ‘MSME Defence & Homeland Security Ca- External Affairs on February 9, 2017 at PHD House, New Delhi. pacity Display & Expo 2017.’

Meeting with Minister for Science & Technology, Social Meeting with Chairman, Asian Institute of Transport Welfare, ARI & Trainings J&K Development PHD Chamber delegation led by Mr. Anil Khaitan, Senior Vice President along with Mr. Vikrant Kuthiala, Chairman, Jammu, Ms. PHD Chamber delegation led by Mr. Bhupesh Joshi, Co-Chair- AKanchan Zutshi, Joint Secretary, Mr. Pratul Tandon, CIPAM Dept. man, Civil Aviation Committee and Mr. Yogesh Srivastav, Direc- of Industrial Policy & Promotion and Iqbal Fayaz Jan, Resident Officer, Ator met Mr. K.L. Thapar, Chairman, Asian Institute of Transport J&K met Mr. Sajad Gani Lone, Hon’ble Minister for Science & Technol- Development on February 10, 2017. The purpose was to invite him as ogy, Social Welfare, ARI & Trainings, J&K Govt. on February 22, 2017 Special Guest for the upcoming 6th India Heritage Tourism Conclave in Jammu. The Minister assured his intervention in signing of MoUs scheduled for March 16 &17, and the 4th PHD Global Rail Convention with the Chamber for sanitization and outreach programs in colleges for April 21, 2017. and schools regarding IPRs. Meeting Deputy Chief Minister and Finance Minister, Meeting with the Director General (MF), IHQ of MoD Govt. of NCT of Delhi (Army) PHD Chamber delegation led by Mr. Bimal Jain, Chairman, In- PHD Chamber delegation led by Maj. R. S. Bedi (Retd), direct Taxes Committee along with Mr. N. K. Gupta, Co-Chair- Co-Chairman, Mr. Mukesh Gupta, Co-Chairman and Brig. H P S Aman, Indirect Taxes Committee and Mr. Vijay Chaudhry, Director ABedi, VSM (Retd), Advisor, Defence Committee met Lt. Gen. A B Finance met Mr. Manish Sisodia, Deputy Chief Minister and Hon’ble Shivane, AVSM, VSM, Director General (MF), IHQ of MoD (Army) on Finance Minister, Govt. of NCT of Delhi on February 16, 2017 in New February 9, 2017 at DG (MF) office. Delhi. The objective was to discuss contentious issues under the re- vised model of GST Law.

40 | India Inc. / MARCH 2017 SPECIAL FEATURE

By Bimal Jain Supply, Time & Place of Supply Executive Director Isha Bansal and Input Tax Credit under Senior Associate, A2Z Taxcorp LLP Revised Model GST Law Defining GST

Supply – the taxable event in GST Determination of the taxable event in any tax law is of utmost significance as the levy hilst the Government is keen to Apart from addressing key concerns of of tax is based on occurrence of that event. make Goods and Services Tax the Industry in a very decent manner, the Re- In the MGL, a uniform and single taxable W(“GST”) a reality soon, efforts put vised Model GST Law has also proposed an event ‘supply’ would replace multiple taxable in by the Government to look into the volu- anti-profiteering mechanism to ensure benefit events i.e. manufacture, provision of service minous suggestions submitted by various of lower taxes is shared with consumers, and and sale, etc., as prevalent in the present stakeholders, on First cut Model GST Law also ensures no tax on securities and subsi- regime. Thus, the constant monitoring and [“MGL”] (put on public domain on June 14, dies provided by the Government as also free compliance required for keeping track of var- 2016), is indeed commendable. Honest at- of cost supplies. ied tax trigger points at present would fade tempt of the Government to eradicate the This Article deciphers the provisions of away in GST, but, simultaneously, the term daunting provisions in the earlier Model GST ‘Supply’, ‘Time of Supply’, ‘Place of Supply’ ‘supply’ will hold the greatest significance Law, can be very well seen in the Revised and ‘Input Tax Credit (“ITC”)’under Revised and shall be important in determining the tax- Model GST Law which was made public on MGL, in a lucid manner for easy understand- ability of all transactions, whether commer- November 26, 2016. ing. cial or otherwise under GST regime.

India Inc. / MARCH 2017 | 41 SPECIAL FEATURE

Like the Earlier MGL, definition of term ‘supply’ is contained in Section 3 of the Model CGST/SGST Act, 2016. A comparative view of the provisions is given hereunder for easy digest:

Section Sub Earlier MGL Revised MGL 3 (1) Supply includes Supply includes (a) all forms of supply of goods and/or services such as all forms of supply of goods and/or services such as sale, transfer, barter, exchange, li- sale, transfer, barter, exchange, license, rental, lease cense, rental, lease or disposal made or agreed to be made for a consideration by a person or disposal made or agreed to be made for a consid- in the course or furtherance of business eration by a person in the course or furtherance of business No changes ‡'HILQLWLRQRI¶VXSSO\·VWLOOFRQWLQXHVWREHDQLQFOXVLYHDQGVXEMHFWLYHRQH (b) importation of service, for a consideration and whether importation of services, for a consideration whether or not in the course or furtherance of or not in the course or furtherance of business business, and Corresponding provi- Following inserted in Schedule I – Para 4: sion in Schedule I Importation of services by a taxable person from a related person or from any of his other establishments outside India, in the course or furtherance of business Gist of the changes  Importation of services without consideration out of taxable net, except for following specified scenarios: Importation of services by a taxable person from a related person, in the course or furtherance of business Importation of services by a taxable person from any of his other establishments outside India, in the course or furtherance of business  Importation of services for personal use still continues to be considered as a supply (c) a supply specified in Schedule I, made or agreed to be a supply specified in Schedule I, made or agreed to be made without a consideration made without a consideration No changes ‡&RQFHSWRIVXSSO\ZLWKRXWFRQVLGHUDWLRQVWLOOFRQWLQXHVEXW6FKHGXOH,UHYDPSHGWRGRQHDZD\ZLWKQLJKWPDUHVLWXDWLRQVOLNH%XVLQHVV Assets/ services put to private or non-business use, Assets retained after deregistration, FOC Supplies, etc. (2) Schedule II, in respect of matters mentioned therein, Schedule II, in respect of matters mentioned therein, shall apply for determining what is, or shall apply for determining what is, or is to be treated is to be treated as a supply of goods or a supply of services as a supply of goods or a supply of services No changes ‡6XSSO\RIJRRGV9V6XSSO\RIVHUYLFHVVWLOOFRQWLQXHVZLWKPLQLPDOFKDQJHV Correspo- — Following inserted in Schedule I – Para 3: nding provision in Supply of goods— Schedule I (a) by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal, or (b) by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal Gist of the ‡7D[DELOLW\RI3ULQFLSDO$JHQWWUDQVDFWLRQVKDVEHHQVKLIWHGIURPWKHGHILQLWLRQRIVXSSO\WR6FKHGXOH,%XWWKHUHDUHIROORZLQJLP changes portant changes underlying this shift: – FOC Principal-Agent transaction also covered under taxable net – Taxability restricted to goods only (3) — Notwithstanding anything contained in sub-section (1), (a) activities or transactions specified in schedule III; or (b) activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities as specified in Schedule IV, shall be treated neither as a supply of goods nor a supply of services Gist of the ‡&HUWDLQH[FOXVLRQVKDYHEHHQSURYLGHGLQ6FKHGXOH,,,DQG,9ZKLFKZRXOGEHRXWRIWD[DEOHQHW changes ‡6FKHGXOH,9 dealing with activities or transactions undertaken by the Central Government, a State Government or any Local Authority in which they are engaged as public authorities, which shall neither be treated as supply of goods nor supply of services, was also present in earlier Model GST Law. ‡Schedule III has been now newly added which covers activities or transactions which shall neither be treated as supply of goods nor supply of services like services by an employee to employer in course od or in relation to his employment, services of funeral, burial etc. (4) Subject to sub-section (2), the Central or a State Gov- Subject to sub-section (2) and sub-section (3), the Central or a State Government may, ernment may, upon recommendation of the Council, upon recommendation of the Council, specify, by notification, the transactions that are to specify, by notification, the transactions that are to be be treated as— treated as— (a) a supply of goods and not as a supply of services; or (i) a supply of goods and not as a supply of services; (b) a supply of services and not as a supply of goods; or or (c) neither a supply of goods nor a supply of services (ii) a supply of services and not as a supply of goods; or (iii) neither a supply of goods nor a supply of services No Changes ‡3RZHUVRIWKH&HQWUDORUD6WDWH*RYHUQPHQWWRQRWLI\WUDQVDFWLRQVHLWKHUDVVXSSO\RIJRRGVRUVXSSO\RIVHUYLFHVRUQHLWKHURIWKHP continues as such Gist of the ‡7KHSURYLVLRQKDVEHHQRPLWWHGLQYLHZRIVHSDUDWHSURYLVLRQVLQVHUWHGIRUWD[DELOLW\RIVHUYLFHVVXSSOLHGWKURXJKHOHFWURQLF changes commerce operator under chargeable section. Such persons would be liable to pay tax and supplies made by such persons would not be deemed supplies by them. (5) — The tax liability on a composite or a mixed supply shall be determined in the following manner: (a) a composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply; (b) a mixed supply comprising two or more supplies shall be treated as supply of that par- ticular supply which attracts the highest rate of tax Gist of the ‡7D[DELOLW\RIFRPSRVLWHDQGPL[HGVXSSOLHV$QHZLQFRUSRUDWLRQWRGHWHUPLQHWD[DELOLW\RIEXQGOHGVXSSOLHVLQIROORZLQJPDQQHU changes – Composite supply i.e. supplies naturally bundled It shall be treated as a supply of principal supply – Mixed supply i.e. two or more individual supplies or combination thereof, not constituting composite supply It shall be treated as a supply which attracts the highest rate of tax

42 | India Inc. / MARCH 2017 Principles of Time of supply for goods and/or services [Section 12 to 14 of the Mod- el CGST/SGST Act, 2016]

The taxable event under the GST regime shall be ‘supply’ of goods and/or services. However, the time of supply when the liability to pay CGST/SGST (Intra-state) or IGST (inter-state) on goods and/or ser- vices arises, shall be determined in the following manner: I. General provision The time of supply of goods and services shall be the earlier of the following: (a) Date of issue of invoice by the supplier or the last date on which he is required, to issue the invoice (under section 28) with respect to the supply (b) Date on which the supplier receives the payment with re- spect to the supply. Provisions for raising invoice as per section 28: III. Supply of vouchers Supply of goods Supply of services In case of supply of vouchers, by whatever name called, by a supplier, the time of supply for goods and services shall be: Before or at the time of,- Before or after the provision of service but within a peri- (a) Date of issue of voucher, if the supply is identifiable at that a) removal of goods for sup- point; or ply to the recipient, where od prescribed [i.e. 30 days in the supply involves move- all cases/ 45 days in case of (b) Date of redemption of voucher, in all other cases. ment of goods, or banking and financial institu- ,95HVLGXDU\SURYLVLRQ tion from the date of supply of Where it is not possible to determine time of supply under the b) delivery of goods or mak- services] ing available thereof to above provisions, time of supply for goods and services shall be: the recipient, in any other (a) In a case where a periodical return has to be filed - Date on which case such return is to be filed (b) In any other case - Date on which the CGST/SGST or IGST is paid Where amount upto Rs. 1,000/- is received in excess of amount 9&KDQJHLQWKHUDWHRIWD[LQUHVSHFWRIVXSSO\RIJRRGVRU indicated in an invoice, the time of supply to the extent of such services excess amount shall, at the option of the said supplier, be the date of Here, the provisions provided under the GST Law are drawn on similar issue of invoice. line as existing Rule 4 of the Point of Taxation Rules, 2011 (“POTR”). II Supply under reverse charge mechanism (“RCM”) In other words, determination of rate of tax depends upon three im- portant events viz.: Time of supply for goods Time of supply for services ‡'DWHRIVXSSO\RIJRRGVRUVHUYLFHV Earliest of the following: Earliest of the following: ‡'DWHRILQYRLFHDQG a) Date of receipt of goods, or (a) Date on which payment ‡'DWHRIUHFHLSWRISD\PHQW is made, or Thus, the rate of tax would be the one prevailing when two out of three b) Date on which payment is (b) Date immediately fol- events occur either prior to or after the date of change in rate of tax. made, or lowing 60 days from the date of issue of Manifestly, it seems that most provisions are borrowed from the invoice by the supplier present POTR under the Service tax laws, with some modifications. c) Date immediately follow- In the Revised MGL, number of parameters as provided in the First ing 30 days from the date MGL has been pruned down and events such as date of receipt of of issue of invoice by the supply in the books of account of recipient etc., have been removed. supplier Thus, determination of the time of supply provisions under forward charge has been mainly limited to the following two pa- Where it is not possible to determine the time of supply under rameters: the above clauses, the time of supply shall be the date of entry in the books of account of the recipient of supply ‡'DWHRILVVXHRILQYRLFHRUWKHODVWGDWHRQZKLFKWKHLQYRLFH is required to be issued – In case of associated enter- prise: ‡'DWHRIUHFHLSWRISD\PHQW Where the supplier of service In First MGL, provisions in respect of change in rate of tax was is located outside India, the restricted for supply of services only, which now has been extended time of supply shall be the for supply of goods as well. date of entry in the books of However, still no provision is provided in the Revised MGL to account of the recipient or determine the time of supply where goods or services becomes tax- the date of payment, which- able for the first time under GST regime as provided under section ever is earlier. 67A of the Finance Act, 1994 read with rule 5 of the POTR.

India Inc. / MARCH 2017 | 43 SPECIAL FEATURE Place of supply of goods and/or services [Section 7 to 10 of the Model IGST Act, 2016]

Principles for determining place of supply of goods and/or ser- Further, specific provisions for identified situations & dif- vices are required for the following reasons: ferent treatment for certain B2B and B2C transactions of ‡ Taxpayer: To determine the nature of sale i.e. intra-state/ specified services has also been provided in respect of the inter-state/ import/ export. following specified services: ‡ Government: To determine the state where state component Services directly related to ‡ Location of immovable of GST would accrue. immovable property property Principles for determination of supplies of goods and/or services ‡ Where property/boat/ves- in the course of intra-state or inter-state trade or commerce are pre- sel located in more than scribed in section 3 and 4 of the Model IGST Act, 2016. one State à proportionate Broadly, intra-state supply of goods/services means any sup- allocation amongst states ply of goods/services where the location of the supplier and the place as per the contract or on of supply are in the same state. Inter-state supply of goods/ser- reasonable basis vices means any supply of goods/services where the location of the ‡ Where location of the im- supplier and the place of supply are in different states. movable property/boat/ Section 7: Place of supply of goods other than supply of vessel is located or in- goods imported into, or exported from India tended to be located out- side India à Place of sup- Scenario Place of supply ply shall be the location of When movement of goods is Location of goods where move- the recipient involved ment terminates for delivery Specific services such as sup- ‡ Place of actual perfor- When goods are supplied by Principal place of business of ply of restaurant and catering mance transfer of documents during third person on whose direction services, health service etc. movement of goods (Bill to goods were supplied to another Services in relation to training ‡ B2B supply: location of Ship to Model or EI-EII model) person and performance appraisal recipient When movement of goods is Location of goods at the time of ‡ B2C supply: place of not involved delivery performance When goods are assembled or Place of such installation or Admission to a cultural, ar- ‡ Place where event held installed at site assembly tistic, sporting etc., events, or where the park/ other When goods are supplied on Location at which such goods amusement parks etc.and place is located board a conveyance are taken on board services ancillary thereto Where the place of supply of Manner to be prescribed by the Organization of event and ser- ‡ B2B supply: location of goods cannot be determined Central Government on recom- vices in relation to such event recipient as per above principles mendation of GST Council. and ancillary services or as- ‡ B2C supply: where event signing of sponsorship is held Section 8: Place of supply of goods imported into, or exported ‡ Where the event is held in from India more than one state and a consolidated amount is Scenario Place of supply charged àProportionate When goods are imported into Location of the importer value of services to be India considered When goods areexported Location outside India ‡ Where event is held from India outside India à Place of supply shall be the location of the recipient Section 9: Place of supply of services where location of suppli- er of service and location of the recipient of service is in India Goods transportation services ‡ B2B supply: location of recipient Categories Place of supply ‡ B2C supply: location General Rule – Business to B2B supplies: location of re- at which such goods are Business (“B2B”) and Busi- cipient handed over for their ness to Consumer (“B2C”) B2C supplies: location of re- transportation cipient where address on record exists, If not, then the location of sup- plier of services

44 | India Inc. / MARCH 2017 Passenger transportation ser- ‡ B2B supply: location of Similarly, separate provisions have been provided for the following: vices recipient ‡ Banking and other financial services ‡ B2C supply: Place where ‡ Insurance services the passenger embarks on ‡ Advertisement services to the central government, a state gov- the conveyance for a con- ernment, a statutory body or a local authority tinuous journey Services on board a convey- Location of the first scheduled ance such as vessel, aircraft, point of departure of that con- Section 10: Place of supply of services where the location of train or motor vehicle veyance for the journey supplier or the location of the recipient is outside India Telecommunication ser- Fixed line/ leased circuit, Principles of place of supply of services when the location of vices including data transfer, internet based circuit, cable supplier or the location of recipient is outside India, has been drawn broadcasting, cable and DTH or dish antenna — Place of on similar pattern as existing in the Place of Provision of Services services installation of the fixed line/ Rules, 2012 (“POPS”) for determining export/import of services from leased circuit etc. India/into India, with new inclusion of provision in case of ‘online in- formation and database access or retrieval (“OIDAR”) services, where- Mobile connection and in- in place of supply shall be the location of recipient. ternet services — Post-paidà Billing address of the recipient It is further provided that in order to prevent double taxation or on record of the supplier non-taxation of the supply of a service, or for the uniform application of rules, the Central Government shall have the power to notify any Mobile connection, internet description of service or circumstances in which the place of supply services, DTH – Pre paid shall be the place of effective use and enjoyment of a service. (through physical voucher etc.) The place of supply principles have been expanded to provide separate set of principles for import/export transactions. Place of sup- ‡ Through selling agent/ ply provisions for services are drawn on similar line as the existing re-seller/distributor: ad- POPS with certain modifications. dress of the selling agent or re-seller or distributor as per the record of the supplier at the time of supply ‡ By any person to the final subscriber: location where such pre-payment is re- ceived or such vouchers are sold In any other case: Address of the recipient as per record of the supplier Where address of the recipient as per records of the supplier is not available — Place of sup- ply shall be location of the supplier of service

Where pre-paid service is availed or recharge is made through electronic mode — Place of supply shall be lo- cation of the recipient as per record of the supplier

Where the leased circuit is in- stalled in more than one state and a consolidated amount is charged — proportionate al- location amongst states as per the contract or on rea- sonable basis

India Inc. / MARCH 2017 | 45 SPECIAL FEATURE ITC - Manner of availment and utilization thereof [Section 16 to 22 of the Model CGST/SGST Act, 2016]

ITC is believed to be the backbone of the GST. Tax cascading has been one of ‡ Proportionate ITC to the extent used for business purposes is the daunting flaws of the current indirect taxation system which increases the admissible when goods and/or services are partly used for other cost of goods and services. The GST regime is being envisaged to provide than business purposes. seamless flow of credit on goods and services across the supply chain. ‡ ITC is restricted to the extent of taxable supplies including Meaning of Key Terms zero-rated supplies, when goods and/or services are partly used ‡ ‘Input Tax Credit’[Section 2(56)] means credit of ‘Input tax’. for effecting exempt supplies including supplies under reverse charge basis. ‡ ‘Input Tax’ [Section 2(55)], in relation to a taxable person, means the IGST, includingthat on import of goods, CGST and SGST charged on ‡ ITC shall not be allowed if depreciation is claimed on tax any supply of goods or services to him and includes the tax payable component of cost of capital goods. under section 8(3) [i.e. under Reverse Charge], but does not include ‡ Registered taxable person is entitled to take credit upon receipt the tax paid under section 9 [i.e. under Composition Levy]. of last lot or installment, where goods against an invoice are ‡ ‘Input’ [Section 2(52)] means any goods, other than capital goods, received in lots or instalments. used or intended to be used by a supplier in the course or fur- ‡ Negative list of goods and/or services on which ITC shall therance of business. not be admissible: ‡ ‘Input service’ [Section 2(53)] means any service, used or intend- - Motor vehicles and other conveyances except when used for further ed to be used by a supplier in the course or furtherance of busi- supply of such vehicles or conveyances, transportation of passengers and ness. goods, imparting training on driving etc. ‡ ‘Capital goods’ [Section 2(19] means goods, the value of which - Goods and/or services like food and beverages, outdoor catering, is capitalised in the books of accounts of the person claiming the health services etc., except where inward supply of particular category is credit and which are used or intended to be used in the course or used for making outward taxable supply of same category. furtherance of business. - Membership of a club, health and fitness centre. I. Eligibility and conditions for taking ITC - Rent-a-cab, life insurance etc., except where it is obligatory for an Only the registered taxable person under GST can claim ITC. employer under any law in force. Application of registration to be made within 30 day: In order to It is suggested that ITC, beside on rent-a-cab, life & health insurance, avail ITC on inputs held in stock and inputs contained in semi- finished/ should also be allowed on the services such as outdoor category etc., when finished goods held in stock on the day immediately preceding the date from it is obligatory for an employer to provide to its employees under any law for which a person becomes liable to pay GST, application for registration has the time being in force. to be made within 30 days. - Works contract services when supplied for construction of immov- In the absence of any provisions as to eligibility to avail ITC when there able property, other than plant and machinery, except where it is an input is delay in applying for registration under GST, it appears that such credit service for further supply of works contract service. on inputs would be lapsed and would be available only after the date of - Goods or services received by a taxable person for construction registration granted under the GST Law. of an immovable property on his own account, other than plant and ‡ Specific provision has been inserted which states that ITC in respect of machinery, even when used in course or furtherance of business. pipelines and telecommunications tower fixed to earth by foundation - Goods and/or services on which tax is paid under composition or structural support including foundation and structural support is to scheme. be obtained 1/3rd on yearly basis. - Goods and/or services used for personal consumption. ‡ The registered taxable person shall avail ITC under GST, subject to the - Goods lost, stolen, destroyed, written off or disposed of by way following essential requirements: of gift or free samples. - Must be in possession of tax invoice, debit note or other taxpaying - Any tax paid in terms of Sections 67 (i.e. in fraud cases), 89 (i.e. document(s) as may be prescribed. detention and release of goods and conveyances in transit) or 90 (i.e. con- - The goods and/or services must have been received. fiscation of goods or conveyances and levy of penalty). - Tax charged has been actually paid to the appropriate government. II Utilisation of ITC

- Return has been furnished. Utilization of ITC ITC made dependent upon payment of tax by supplier: Availability Transaction within the States (Intra- State Inter-State transac- of ITC to recipient has been made dependent on payment of tax by supplier. transactions) tions Thus, even if the receiver has paid the amount of tax to the supplier and the goods and/or services so procured are eligible for ITC, no credit would be CGST SGST IGST available, till the time tax so collected by the supplier is deposited to the Credit of CGST to be Credit of SGST to be Credit of IGST to be Government. utilized sequentially- utilized sequentially- utilized sequentially Payment of invoice for supply of services is to be made within 3 1. CGST 1. SGST 1. IGST months: ITC availed is to be added to output tax liability of recipient along 2. IGST 2. IGST 2. CGST with interest thereon, when value of services and tax is not paid within 3 3. SGST months from date of issue of invoice by supplier (similar to current CEN- Cross utilization of CGST and SGST is not VAT provisions). However, the law is silent as to when such credit can be permissible reclaimed again on payment of invoice. Manifestly, it seems that honest attempt has been made by the Gov- Time limit for availment of credit: ITC shall not be allowed ‡ ernment to eradicate the daunting provisions in the First MGL, which after furnishing of return for September month following the end can be very well seen in the above discussed provisions. However, of financial year or furnishing of relevant annual return (December it is required that the lawmaker should address the issues raised by 31st is the due date for filing annual return), whichever is earlier. stakeholders which are still left for the smooth transition to GST regime.

46 | India Inc. / MARCH 2017 SPECIAL FEATURE A big boost to Real Estate Sector %\'U5DQMHHW0HKWD'LUHFWRU3+'&KDPEHU

he Real Estate sector has been making creator. ‡ Indra Awaas Yojana will be extended rapid strides in recent times and has Key Highlights of the Budget 2017 to to 600 districts Temerged as one of the most important boost Real Estate Sector ‡ Indexation for capital gains shifted contributors to the Indian economy. But we ‡ Affordable Housing has been given from 01-04-81 to 01-04-2001 have seen a slow down in post demonetiza- the Infrastructure status There is no hesitation in concluding that tion. The sector continues its metamorphosis it was a transformative budget for the real es- from being largely fragmented and unorga- ‡ One crore rural houses will be cre- tate sector and the government has done well nized to become as structured and organized ated by 2019 to create awareness for the need to increase as its peers in developed economies across ‡ National Housing Bank to refinance tax compliance. The government has pro- the globe. The growing prominence of India Rs 20,000 crore loans gressively accelerated economic initiatives in the global scenario has had a positive im- ‡ Pradhan Mantri Awas Yojana to get and policy reforms, which are slowly bearing pact leading to increased expectations and Rs 23,000 crore fruits. Demonetization was a temporary set- responsibilities on this sector. ‡ Real estate developers to get tax back and the economy will bounce back. In With the real estate sector hoping for a relief on unsold stock as liability to particular, we look forward to the gains once push from the Union Budget 2017-18, the pay capital gains will arise only in Goods and Services Tax (GST) is rolled out announcement of ‘Infrastructure status’ to the the year a project is completed towards the second quarter of this year. affordable housing sector, can serve as a sig- ‡ Instead of Built up area of 30 and 60 India today has a huge demographic ad- nificant step in achieving the government’s sq meters, the carpet area of 30 and vantage in terms of the young population and ‘Housing for All by 2022’ mission. This could 60 sq meters will be applicable for it is of paramount importance that appropriate be a game-changing step for developers who affordable housing steps are taken to ensure that job creation already have a good presence in the afford- keeps pace. Housing is a labour-intensive able segment. The Central government has ‡ Holding period for capital gains tax industry, with a long backward linkages tail, identified 305 cities and towns under the for immovable property reduced generating a large multiplier of economic ac- Housing for All by 2022 Mission, also called from 3 years to 2 years tivity in sectors while significantly aiding in the Pradhan Mantri Awas Yojana, has target- ‡ Tax break of 1 year post receipt of job creation. This also plays very favourably ed to build 2 crore homes for urban poor by the completion certificate, for the with aspirations of India’s youth, and will help the year 2022. This Mission is expected to unsold stock in the realization of the demographic dividend need 38 million workforce by 2030 from 29 ‡ No cash transaction above Rs 3 lakh of this segment. This Budget continues to be million at present, predicted to be the key job will be allowed a step in the right direction.

India Inc. / MARCH 2017 | 47 ECONOMY WATCH Policy Pronouncements and Developments

GST final draft to retain Digital payment can check a videos, articles etc. The Mobile Application enables taxpayers to be well informed of the clause on services sector black money and play a key latest updates on GST. Taxpayers can also provide feedback and contact CBEC’s 24x7 he goods and services tax (GST) council role in fighting graft: PM helpdesk “CBEC Mitra” through a toll-free is likely to retain a clause in the law that rime Minister Narendra Modi in his number or email, at the touch of a button. The will require service providers to register T monthly ‘Mann ki baat’ radio program mobile application can be downloaded free of in every state where they operate, despite re- said that digital payments can check cost on Android platforms. cent representations from various ministries P black money and play a key role in fighting and telcos, banks, and insurance firms for a graft. He asked the youth to become an “an- single registration system. At present, service ti-corruption cadre” as part of the “clean- Government simplifies providers benefit from a single centralized liness” drive and become ambassadors of registration system for paying service tax—a maintenance of registers digital payment schemes rolled out by the tax levied and collected by the Union govern- govenment. “Lead this movement. Take it under various Labour Laws ment. Under the GST regime, even states will further as it has a very major and prominent get the powers to collect tax on services and he Government has simplified the main- role in the fight against corruption and black the service providers will have to register in tenance of Labour registers of about money. To me, each and every individual every state where they have operations. Ser- 5.85 crore establishments in agriculture involved in this mission constitutes a new T vice providers operating across India will have and non-agriculture sectors. These registers anti-corruption cadre in the country. In a way to obtain more than 30 separate registrations. are related to details of employees, their sal- you are a soldier in the cause of cleanliness Companies have highlighted the procedural aries, loans/recoveries, attendance etc. This and purity,” the Prime Minister said. He said hassles of such a move but states, concerned exercise will drastically reduce the number gradually people are “shedding their hard about their revenue, are not willing to agree to of registers being maintained by these estab- currency mindset” and moving towards digi- a centralized registration. lishments from 56 to only 5 by doing away tal currency and the youth are leading the way with overlapping/redundant fields. This will using their mobile phones as the new tool to help these establishments to save cost and make and receive payments. India to draft rules for insti- efforts and ensure better compliance of La- tutional investors voting on In the last two months, 10 lakh people bour Laws. Under various Central Labour have been rewarded, over 50,000 traders Acts, there is a requirement of maintenance of company matters have won prizes and an amount of over Rs. registers depending upon the threshold of the 150 crore has been earned as prize money number of employees by the establishments edia reports that the Financial Sta- by people who have promoted and carried in agriculture and non-agriculture sectors. bility and Development Council has forward the digital payment campaign, Modi India has about 5.85 Crore establishments proposed that a panel of financial M said. He said the digital payment schemes in agricultural and non-agricultural sectors regulators be formed to decide rules on will complete 100 days on April 14, the 126th combined. Out of this, 4.54 Crore establish- how institutional investors should vote on birth anniversary of B R Amdedkar and people ments are in non-agricultural sector. Such an company matters. The proposed committee, should help people download the application exercise has reduced number of data fields in comprising officials of the Securities and Ex- on their mobile phone for digital transactions. 5 registers to only 144 from the then existing change Board of India, the Insurance Regula- 933 fields in 56 registers. tory Development Authority of India and the Pension Fund Regulatory Development Au- CBEC launches a mobile thority, will formulate the so-called steward- application for Goods and Agreement between ship code, a set of guidelines first adopted by the UK’s Financial Reporting Council in 2010. Services Tax India and Poland in the In India, the “stewardship code will include activities such as monitoring and engaging o boost the government’s Digital India field of agriculture with companies on matters such as strategy, initiative, the Central Board of Excise and Customs (CBEC) has launched a he Cabinet has approved the signing of performance, risk, capital structure and cor- T an Agreement between India and Poland porate governance, remuneration of directors mobile application for Goods and Services Tax. Taxpayers can readily access a host Ton cooperation in the field of agriculture and management. The proposals included and allied sectors. The agreement covers ex- higher disclosure standards for institutional of GST information such as: Migration to GST-Approach and guidelines for migration; change of information on the current situation investors such as pension funds, insurance in agriculture, the phytosanitary conditions of companies and mutual funds. The option of Draft Law-Model GST Law, IGST Law and GST Compensation Law; Draft Rules-Rules relat- crops, threats posed by harmful organisms abstaining from voting can also be used un- and the threats posed by animal infectious der certain circumstances. ed to Registration, Returns, Payment, Refund and Invoice; Various resources on GST such diseases. It also covers the participation in

48 | India Inc. / MARCH 2017 fairs, exhibitions, seminars and conferences rations upto March 31, 2017. The payment of allowed to operate to Athens, Thessaloniki, related to agriculture and agri-food process- tax, surcharge and penalty under the scheme HerakIion and any three points, whereas the ing; undertaking and developing joint eco- is to be made through challan ITNS- 287 and carriers of Hellenic Republic will be allowed nomic initiatives including the support or the deposits are to be made in the PMGKY, to fly into 6 metros- New Delhi, Mumbai, agrifood trade between the two countries. 2016. Bengaluru, Kolkata, Hyderabad and Chennai.

Govt allows payments Air Services Agree- MoU between India and towards tax, penalty, sur- ment between India and Australia for promotion charge and deposit under Greece of civil aviation security PMGKY 2016 in Old De- he Cabinet has agreed to sign an Air he Cabinet has approved a signing monetised Currency till Services Agreement (ASA) between In- of a Memorandum of Understanding December 30, 2016 Tdia and Greece to spur greater trade, in- T(MoU) between India and Australia for vestment, tourism and cultural exchange be- the promotion and development of coopera- he Central Government has decided that tween the two countries. The ASA will provide tion in civil aviation security. The MoU will up to December 30, 2016, the payment an enabling environment for enhanced and provide an opportunity to Indian aviation Ttowards tax, surcharge, penalty and de- seamless connectivity while providing com- security authorities to share the expertise of posit under the Pradhan Mantri Garib Kalyan mercial opportunities to the carriers of both their Australian counterparts and enhance the Yojana (PMGKY), can be made in Old Bank the sides ensuring greater safety and security. overall aviation security environment in India Notes of Rs. 500 and Rs.1,000 denomination The designated airlines of either country shall and provide compliance of international obli- issued by the RBI. The Taxation and Invest- have the right to establish offices in the ter- gations as well as enhance promotion in the ment Regime for PMGKY, 2016 commenced ritory of the other country for the promotion area of security cooperation between the two on December 17, 2016 and is open for decla- end sale of air services. Indian carriers will be countries.

India Inc. / MARCH 2017 | 49 EXPRESSIONS Thus Spoke Finance Minister Arun Jaitley… February 2017

CSR inance Minister, Mr. Arun Jaitley while addressing HCL Grant 2017, asked cor- Fporates to adopt arm’s length approach while taking up CSR activities and not pursue proposals to subserve their own ends. “I must say that in last 2-3 years it (CSR spending) has begun well. It has begun well because in the very initial years in the government we did calculate that the width of the whole CSR if adequately implemented in the very first year should be in the tune of Rs. 14,000 crore. Ob- viously, the entire amount was not invested.” Mr Jaitley rued there was lack of understand- ing and consciousness about CSR spending and the purpose it serves. “But as years are moving ahead, I think it is an idea which is working well. Of course strict discipline has to be enforced that the expenditure cannot be camouflaged as corporates start supporting their own corporate proposal on this strength and therefore there has to be some arm’s length distance when we spend,” he added. Issue of defaulters have turned protectionist... If it has impact ed foreign bank accounts in HSBC. Further, Finance Minister, Mr. Arun Jaitley while on trade, movement of goods and people, about Rs. 8,000 crore of credits in the undis- interacting with Reporters during his visit to (it) could make economies more inefficient closed foreign accounts of Indians, whose the UK stated that the Indian government takes and reduce GDP. Globally, the world is mov- names were disclosed by the ICIJ, have been the issue of defaulters very seriously and in- ing in an unpredictable and slow pace and a detected.” Mr Jaitley, however, said there was dicated that he may raise the issue of default- prolonged slowdown can pose big problem. no official estimate of the quantum of black ers based in Britain with the UK government, Also, oil prices have risen slightly, threaten- money stashed by Indians abroad. in an apparent reference to liquor baron Vijay ing inflation and fiscal maths of importing na- Mallya. “Certainly, when the opportunity does Decline in Debit Card Charges tions like India.” Said Mr. Jaitley on its impli- come, I do take that opportunity to mention it cations in India. “Having said this, we in India Finance Minister, Mr. Arun Jaitley in- (issue of defaulters based in Britain) to my in second phase of reforms, did manage to formed the Rajya Sabha that with a view to counterparts here. As far as the government achieve many areas which were low-hanging promote digital transactions, the Reserve of India is concerned, we take this issue of fruits... expanding areas where FDI could be Bank of India (RBI) is working to reduce the defaults against the financial system in India attracted – it was not a complicated reform. Marginal Discount Charges (MDR) for debit very seriously and we have already sent a India today is prepared for reforms, much card transactions above Rs. 2,000 “RBI is strong signal that if [you] dupe the exchequer more than it ever was in the past. Bulk of the deciding on this...it is work in progress. I am or dupe the banking system, the government public opinion favors reforms.” sure as volumes (of digital transactions) are of India will lend its full support to all finan- increasing, the charges will come down.” He cial institutions to recover up to their last pie. Undisclosed Foreign Income further informed that under the Payments and It is obvious that because of this strong po- Finance Minister, Mr. Arun Jaitley in- Settlements Act, the RBI has recently fixed the sition the government has taken, that some formed Rajya Sabha, that a total of Rs. MDR rate at 0.25 per cent for cash transac- defaulters are on the run.” 16,200 crore in undisclosed foreign income tions upto Rs. 1,000, while for transactions GDP of Indians has been detected under the HSBC upto Rs. 2,000 it has been fixed at 0.50 per and International Consortium of Investigative cent. These charges have been introduced for With protectionist trend emerging in Journalists (ICIJ) lists. “As a result of sys- the period from January 1, 2017, and will be developed economies, Mr. Arun Jaitley tematic investigations, undisclosed income applicable till March 31, 2017. speaking at the annual meeting of Asso- of about Rs. 8,200 crore (including protective cham, warned that economies will become Compiled by assessment of income of Rs. 1,497 crore) has more inefficient and GDP will shrink if such been brought to tax in the last about two years Neelu Kapoor and Nandini Acharya a move were to impact trade and movement on account of deposits made in unreport- - Bulletin Team, PHD Chamber of goods and people. “Developed countries

50 | India Inc. / MARCH 2017 EXPRESSIONS

harkhand is emerging as an investment destination due to its proactive investor Jfriendly policies. The State of Jharkhand was chosen to be the ‘Theme State’ at the 31st Surajkund International Crafts Mela, February 1-15, 2017 at Surajkund, Faridabad District, Haryana. PHD Chamber was assigned by the State Government of Jharkhand to act as the partnering arm for the complete management and execution of the Project Jharkhand at this prestigious Mela. We would like to highlight here that PHD Chamber was also the partner arm for the 30th international Surajkund Craft Mela for the Theme State Telangana held in 2016. The Mela witnessed millions of visitors from all over the world. Ambassadors of var- ious countries, Ministers, Bureaucrats, State Ministers and Cabinet Ministers attended the mela this year. The Surahkund Mela was inau- gurated on February 1, 2017 by Mr. Manohar Lal Khattar, Hon’ble Chief Minister of Hary- ana while the closing ceremony on February Mr. V.S. Kundu, Additional Chief Secretary, Tourism, Haryana Govt., Mr. Amar Kumar Bauri, Ministry of 15, 2017 was graced by H.E. Kaptan Singh Revenue & Land Reforms, Tourism, Art, Culture, Sports & Youth Affairs of Jharkhand; Mr. Manohar Lal Khattar, Chief Minister of Haryana and Mr. Ram Bilas Verma, Minister of Tourism, Govt. of Haryana Solanki, Governor of Haryana, H.E. Droupadi Murmu, Governor of Jharkhand and Mr. Ram Bilas Sharma, Tourism Minister of Haryana. PHD Chamber enabled Jharkhand State PHD Chamber’s to successfully show case their rich heritage, historical monuments, culture, cuisines, handloom and handicrafts and world famous structures such as Baba Baidyanath Temple; Partnership to Jagannath Temple, Temples of Maluti Village and Bhagwan Birsa Munda. As part of its promotion, Jharkhand Government had iden- tified around 133 handloom and handicrafts Showcase Jharkhand artisans for showcasing their art and culture of Jharkhand during the event. Food Festival was also a part of the event with traditional, ethnic and popular cuisines of Jharkhand DW6XUDM.XQG0HOD State. The theme for the State of Jharkhand was kept as “Johar Jharkhand” which means “Na- maste Jharkhand” and welcome to the State of Jharkhand. A permanent commemorative structure- the Maluti Temple Gate was con- structed at the main entrance of the Jharkhand theme pavilion. Four other gates showcasing the symbols of Jharkhand i.e. Rajarappa Gate, Chau Gate, Tribal Art Gate and Itkhori Gate were also erected. Jharkhand being rich in temples promoted spiritual, eco-tourism and heritage tourism destinations. Apna Ghar was decorated to showcase the living trends of Santhali Tribe, their arts and articrafts. Arti- san families stayed in the Apna Ghar during the event showcasing their traditions and art forms of the state. During the 15 days long Mela, 340 cul-

Mr. Ram Bilas Verma, Minister of Tourism, Haryana; Mr. Kaptan Singh Solanki, Governor of Haryana; tural artists from Jharkhand State performed Ms. Draupadi Murmu, Governor of Jharkhand; Ms. Seema Trikha, Haryana Vidhan Sabha MLA; Mr. cultural programs – like Manbhoom Chau, V.S. Kundu, Additional Chief Secretary to Govt., Haryana, Tourism Dept; Mr. Rahul Sharma, Secretary, Saraikela Chau, Nagpuri, Paika, Birhore, Tourism, Govt. of Jharkhand; Mr. Sameer Pal Srow, MD, Haryana Tourism Dept. Corp., Dr. S.P. Sharma, Chief Economist & Director-Research and Mr. Rohit Kumar, Director, States & SDC, PHD Chamber Chadr Badra, Kadsa, etc. A Fashion show held

India Inc. / MARCH 2017 | 51 EXPRESSIONS

on February 11, 2017 exhibited the various The Chamber was felicitated for its good work textiles and weaving styles of Jharkhand. The and support given during the mela by Mr. well renowned fashion designers of India, Ms. Ram Bilas Sharma, Tourism Minister, Hary- Rina Dhaka and Ms. Varija Bajaj were the face ana, and Mr. Krishna Prasad Waghmare, Di- behind the show. Models exhibited stylised rector Tourism, Jharkhand. Mr. Rohit Kumar, costumes of various tribes wearing Chau Director State received the award on behalf of Masks and tribal jewellery. PHD Chamber. Many artisans were awarded for their best PHD Chamber appreciates the gesture of work in their respective fields. PHD Cham- Jharkhand Government and Haryana Tourism ber released the book on Jharkhand “Rising for the support given to the Chamber for suc- Jharkhand -An emerging investment Hub”. cessfully managing the Mela activities.

Mr. Ram Bilas Verma, Minister of Tourism, Haryana; H.E. Kaptan Singh Solanki, Governor of Haryana; and Mr. Rohit Kumar, Director, States, PHD Chamber Jharkhand Theme-based Fashion Show organized by PHD Chamber

GLIMPSES OF SURAJ KUND MELA

52 | India Inc. / MARCH 2017 India Inc. / MARCH 2017 | 53 EXPRESSIONS PHD Chamber Swachh Paryavaran Campaign

Hon’ble Minister of State of Information and Broadcasting Mr. Rajyavardhan Singh Rathore addressing the crowd

he Swachh Paryavaran Campaign by the PHD Chamber came to a fitting finale Tlast month with a walk involving more than 5000 people in the capital on the morn- ing of February 19th. Around 3700 students from various schools of the capital region conveyed their commitment towards a clean- er and healthier environment with the Swachh Paryavaran Walk that was flagged off at the Rajpath by the Chief Guest, Mr. Rajyavardhan Singh Rathore, Minister of PR. Others who at- tended this coveted march were from RWAs, NGOs, Rotary International, UNIC, UNESCO and PHD members. Since its launch last year in November, a lot happened in the following months, with numerous pledge boards being signed and Recycling Awareness Workshop taking place in Schools and Corporate houses which car- ried on entire January till 1st week of February 2017. The highlight of the events was the In- ter School Play Competition. The New Year brought with it even more exciting events. The Swachh Paryavaran Swachh Paryavaran walk had a participation of over 3700 children from schools and colleges

54 | India Inc. / MARCH 2017 Mr. Anil Khaitan, Senior Vice President, PHD Chamber (left) with Mr. Mr. G.S. Singhori, Chairman Organising Committee, SPC, addressing issues Rajyavardhan Singh Rathore, Minister of PR of Pollution in the City. campaign organized the Inter School Paint- The Recycle Challenge booth was set- The tableaus made their grand entrance ing Competition in Rajasthan and Gujarat. up at the Mall for people to dispense their with one tableau depicting a green, clean and With active participation from more than 850 e-waste like mobile phones, keyboards, com- beautiful environment and the other tableau school children, the painting ideas of these puter monitors, chargers, etc. This helped in with the importance of water and showcasing children, to save our environment was unique. spreading the importance of segregation and the current unhealthy and dirty condition of Some of the ideas carried strong messages recycling. the drinking water available today along with that have never been read before. A collage Amongst the noted were Director of UNIC two dancers spreading the message with their of these paintings has been advised by the Mr. Derk Segaar, Mr. Gopal Jiwarajika, Presi- incredible performance. The tableaus were leadership to be placed permanently at the dent, PHD Chamber; Mr. Anil Khaitan, Sr. VP beautifully designed by the school children PHD house. PHD Chamber; Mr. Rajeev Talwar, VP, PHD themselves. The month of February, kicked off with Chamber, and Dr. N Subramanian, District This contingent was followed by numer- awareness activities in DLF Promenade Mall, 3011 Governor, Rotary International. ous school children carrying hoardings and Vasant Kunj, February, 6-12, a fun filled week Chief Guest, Mr. Rajyavardhan Singh Ra- shouting slogans for saving mother nature, with participation from around 200 children thore in his speech, energised each and every environment and water and recycling waste from Schools of Delhi NCR. one present on the ground. and not to pollute water bodies etc. The highlight of the event was a flash The walk commenced with a group of There were dance performances, march- mob and a street play by the children with student skaters, followed by a marching ing bands and children in costumes and face messages to save our environment and keep- band followed by school students shouting paints to depict the messages. Students from ing it clean. These activities gathered around slogans of cleaning the environment, im- Shri Venkateshwara College, Satyawati Col- thousands of visitors to the mall and around portance of saving water, banning the use of lege and Pearl Academy also participated in who took photos and selfies with Swachh Pa- polythene and why not to dump them in the the Walk. ryavaran Pledges. water bodies.

The tableaus designed by one of the particiaption school was a major highlight at the walk

Mr. Gopal Jiwarajka, President, PHD Chamber, addressing the crowd A human tree dance performance

India Inc. / MARCH 2017 | 55 EXPRESSIONS */,036(62)6:$&++3$5<$9$5$1&$03$,*1

56 | India Inc. / MARCH 2017 HEADWAY / Skill Development Initiatives

and survive, the IPR component in respect of Workshop on ‘Importance of Intellectual adopting innovation culture was very vital; otherwise competitive global markets would Property Rights for MSMEs’ suffocate Indian MSMEs. Mr. Sandeep Agarwal, an IPR expert em- HD Chamber and Konrad-Adenau- ernment both at the Centre and State-level are panelled with IPR Facilitation Cell of PHD er-Stiftung (KAS), Germany, in associ- constantly engaged in bringing out needed Chamber informed about the procedures and Pation with the Ministry of MSMEs orga- changes in regulations and policy interven- importance of securing intellectual property nized a seminar on ‘Importance of Intellectual tions to create an enabling environment. of an enterprise and its implications in the Property Rights for MSMEs’ on January 24, Dr. Rajendra Dhobal, Director General, global markets. 2017 at Hotel Madhuban, Dehradun. The ob- UCOST, Member of the National Task Force Prof. T Ahmed, Director, UPES College of jective was to raise the level of awareness and on IPR designated by the Ministry of Science Legal Studies said there was huge potential knowledge about IPR Issues among MSMEs and Technology shared eye opening stories for IPR professionals as the industry was now for Dehradun Industry Cluster. which included his efforts in getting GI rights recognising the need. Mr. S. P. Kochhar, Chairman, Uttarakhand for Chanderi Sarees. The program was very well accepted and State Chapter of PHD Chamber welcomed Dr. P. K. Ghosh, Deputy Director, IIT Ro- several questions were put to the speakers by Chief Guest, Ms. Manisha Panwar, Principal orkee, in his presentation on technology the participants which made the session ex- Secretary for MSMEs, Govt of Uttarakhand transfer stated that if the MSME has to sustain tremely interactive. and other dignitaries including Dr. Rajendra Dhobal, Director General, UCOST; Dr. P. K. Ghosh, Chairperson for IPR at IIT Roorkee; Mr. Mohit Jain, Chairman, MSMEs Expert Committee of PHD Chamber and Mr. Ver- endra Kalra, Co-Chairman, PHD Chamber, Uttarakhand. Mr. Mohit Jain, Chairman, MSME Expert Committee, PHD Chamber stated that the Chamber’s Intellectual Property Rights Cen- tre has been engaged in facilitating IPR pro- tection and raising awareness about IP and

related laws among MSMEs. Mr. Anil Taneja, Regional Director, PHDCCI; Mr. S.P.Kochhar, Chairman, Uttarakhand; Ms.. Manisha Ms. Manisha Panwar, Principal Secretary Panwar, (IAS), Principal Secretary, MSME, Govt. Of Uttarakhand; Mr. Mohit Jain, Chairman, MSME, PHDCCI; Mr. Verendra Kalra, Co Chairman, Uttarakhand PHDCCI and Dr. Rajendra Dobhal, (FNA), for MSMEs, Govt. of Uttarakhand mentioned Director General, UCOST that IPR spurs innovation and thus the gov- Workshop on ‘Maximizing Employee Productivity through Effective Performance Management’

HD Chamber in association with Kon- rad-Adenauer-Stiftung of Germany Porganized a workshop on ‘Maximizing Employee Productivity through Effective Per- formance Management’ on January 24, 2017 at PHD House, Chandigarh. The workshop aimed to equip managers with the skills and knowledge to design, eval- uate and effectively implement a performance Participants with Mr. R.C .Pahooja, Additional Resident Director, PHD Chamber; Dr. Sunil Abrol, faculty and management system with latest techniques to Ms. Rimneet Kaur, Resident Manager, PHD Chamber enhance employee productivity and achieve employee development with the company rating scales and effective goal setting with organizational goals. objective so that an employee can perform employees. Mr. R.C. Pahooja, Additional Resident as per expectations. He said that performance Detailed presentations covering topics on Director, PHD Chamber stated that the fun- objectives and indicators need to be SMART Performance Management Objectives, Draft- damental goal of performance management - specific, measurable, attainable, realistic ing and Implementing Performance Manage- is to promote and improve employee effec- and time-bound. Mr. Saurabh Kumar Srivas- ment System; Setting Performance Criteria/ tiveness. tava, General Manager – People Develop- Targets; Performance Monitoring and Review; Dr. Sunil Abrol, President, Institute for ment Group at IDS Infotech Ltd. Chandigarh Performance Feedback and Follow up Action Consultancy and Productivity Research & stated that to act upon the outcomes of the including Reward / Recognition were made Director, World Academy of Productivity performance management, it is necessary to during the workshop. Ms. Rimneet Kaur, Res- Sciences (WAPS), New Delhi mentioned ensure that good performance is recognized. ident Manager, PHD Chamber delivered the that Performance Management is matching He apprised participants on performance formal vote-of-thanks to the guests.

India Inc. / MARCH 2017 | 57 HEADWAY / Skill Development Initiatives

Participants with Mr. R. K. Sharan, Regional Director, PHD Chamber; Dr Jatinder Singh, Senior Secretary, PHD Chamber and faculty members Workshop on ‘Startup India Master Class’ HD Chamber and Konrad-Adenau- er-Foundation (KAF), under its PHD- PKAF Cooperation Project organized the Success in any start-up would not be offered on a platter and ‘Start up India Master-Class’ on January 31, would have many ups and downs but a successful start-up 2017 at PHD House, Lucknow. Mr. R. K. Sha- entrepreneur will survive these undulations by one’s confidence ran, Director, PHD Chamber welcomed the and commitment. participants at the workshop. Ms. Sutapa Sanyal, Director General, Mahila Samman Prakoshth, Uttar Pradesh sion”, Mr. Praveen Singh, Chief Creative Of- Mr. Shivam Tandon, Founder & CEO at highlighted various aspects of entrepreneur- ficer of Manas Marketing Services, Mumbai Frinter emphasized upon various aspects ship necessary for successful start-ups. She highlighted that small social issues taken up of a Business Plan of the Start-up for being narrated her own experience of converting the in an entrepreneurial mode could also lead to presented before the funding agency for its small initiative of Mahila Samman Prakoshth successful start-ups. consideration. He suggested that the entre- at par with a successful start-up with ISO cer- Ms. Aparna Mishra, Founder and CEO preneur must have confidence on his idea tification with due recognition from Interpol, and the innovation and must have patience as UNICEF and various other agencies. of Club Cafebiz pointed out that success in any start-up would not be offered on a platter start-ups have gestation time. Mr. V. K. Mishra, an Angel Investor and and would have many ups and downs but a Mr. Arup Kumar, General Manager, SIDBI, Director of Lakshmi Energy and Foods Ltd., successful start-up entrepreneur will survive Lucknow guided the prospective Start-Ups on provided inputs on how to convert ideas into these undulations by one’s confidence and various aspects that the banks consider as innovations and innovations into Start-ups. commitment. important while processing loan funding. He He also guided on funding of Start-ups in an In the Technical Session-II entitled “Hit- also guided on the schemes and programs of innovative way and emphasized on Business SIDBI on Start-ups Enterprises that the entre- Models that attracted angel funding. ting the Bull’s Eye – How to Prepare and Pitch before Investors”, Mr. Ashutosh Kumar, Men- preneurs could take advantage of. Mr. A. S. Rathore, Director, Institute of tor and Founder of Started Fellowship high- Ms. Ritu Dubey, In-Charge of Incuba- Entrepreneurship Development, UP, highlight- lighted various aspects that the prospective tion in Information Technology Department ed that down-to-earth ideas in rural settings Start-up should consider while negotiating of Govt. of Uttar Pradesh guided on various of the country have also been converted into with the investors. He emphasized that the support systems and incentives of the State innovations that have led to successful start- Business Model for presentation before the Government relating to Start-ups in the IT ups. investors must reflect the ideology of the Sector as per the State Policy announced in Dr. Jatinder Singh, Senior Secretary, investor as well as attract funding from them 2016. She suggested entrepreneurs to take PHD Chamber made a presentation on the with ease. He said that there was hardly any advantage of these incentives. concepts on Start-Up India Program and the “Fundable Start-Up” that has not been fund- Mr. K. K. Gupta, Consultant, PHD Cham- support available from the Chamber to entre- ed; the word “Fundable” must be perceived ber delivered the formal vote-of-thanks to the preneurs on their start-ups. differently by different investors. He guided guests. In the Technical Session-I entitled, that the vision behind the Start-Up must be “Thought Leadership for Start-up India Mis- saleable to the investor or the funding agency.

58 | India Inc. / MARCH 2017 Mr. Gopal Jiwarajka, President, PHD Chamber; Dr. (Cdr) Satish Seth, Director General, JIMS; Dr. Amit Gupta, Chairman, JIMS and Mr. C.M. Krishna, Honorary Advisor, PHD Chamber International Conference on ‘Leveraging Big Data Analytics for Global Business Excellence’

HD Chamber under its PHD-KAS Co- Directorate, Max Healthcare Institute Ltd.; operation Project, in association with The conference was designed Mr. Rajeev Gupta, Business Head-PCS, Re- PJagannath International Management to cover four technical liance Retail Ltd.; Mr. Apurva Chamaria, VP School (JIMS), Kalkaji, New Delhi organized sessions. The first session & Head-Corporate Marketing, HCL Technolo- an International Conference on ‘Leveraging gies Ltd.; Mr. Anuj Agarwal, Chairman, Centre Big Data Analytics for Global Business Ex- was a panel discussion, for Research on Cyber Crime & Cyber Law cellence’ on February 4, 2017 at PHD House, which focused on the theme and Ms. Ruchi Sharma Kapoor, Head-HR, New Delhi. “Deploying and Harnessing Resemed India. The objective was to understand the role Big Data and Analytics for The third technical session was on ‘Le- of big data and how it helps an organization to Business Excellence”. veraging Big Data for Building Prowess in improve its business processes and achieve Leadership, Performance and Talent Manage- excellence; to develop knowledge of orga- ment”. The chairperson of the panel was Dr. nizational excellence frameworks for setting theme “Deploying and Harnessing Big Data (Cdr.) Satish Seth, Director General, JIMS, up a measurement and analysis system that and Analytics for Business Excellence”. Mr. Kalkaji. The panel members were Mr. Ignace drives learning, improvement and knowledge Vijay Rai, MD (Asia Pacific & EMEA Mkts) Hindrick, Senior Consultant, India Consult; and to discover ways on how to combat major Saviour, US INC and President NHRDN, Delhi Mr. Jaap Verdonck, Professor, NNBS, Holland changes an organization faces in using big Chapter was the session chairperson. Pan- and Ron Mcluckie, Chairman & CEO, WIAL data for competitive advantage. el members included experts from industry India Pvt. Ltd. such as Mr. Shakun Khanna, Senior Direc- The Chief Guest was Mr. Gopal Jiwara- The last technical session was on “Re- tor, Strategy and Transformation APAC HCM, jka, President, PHD Chamber and Chairman search Paper Presentation” competition, Oracle India; Mr. Avadesh Dixit, Head Global & Managing Director, Salora International Ltd. where renowned academicians shared their HR, Moody’s Copal Amba and Mr. Narendra Eminent speakers were Dr. Amit Gupta, Chair- research findings with the delegates. The Dahiya, Head Sales, Microsoft. man, JIMS; Dr. (Cdr.) Satish Seth, Director session was chaired by Dr. Preeti Singh, Pro- General, JIMS Kalkaji and Mr. C.M. Krishna, The second technical session was on fessor, JIMS. The panels of judges were Dr. Hony. Advisor, PHD Chamber. “Driving Business Excellence in Healthcare, (Cdr.) Satish Seth, Director General, JIMS Retail, People and IT Analytics”. The ses- The conference was designed to cover Kalkaji; Dr. Preeti Singh, Professor, JIMS; Dr. sion chairman was Mr. Pankaj Dubey, M.D & four technical sessions. The first session Timira Shukla, HOD, PGDM (IB), JIMS, Kalka- Country Head, Polaris India Pvt. Ltd. The pan- was a panel discussion, which focused on the ji, New Delhi and Mr. C. M. Krishna, Hony. el members were Dr. Dinesh Jain, VP-Clinical Advisor, PHD Chamber.

India Inc. / MARCH 2017 | 59 HEADWAY / Skill Development Initiatives

'U636KDUPD&KLHI(FRQRPLVW3+'&KDPEHULQDQ,QWHUDFWLYH6HVVLRQZLWK&RPPHUFLDO7D[2I¿FLDOVRI- .*RYW7D[&RQVXOWDQWVDQG,QGXVWU\)DWHUQLW\ Seminar on ‘GST & Its Implications’ HD Chamber’s J&K, Jammu Committee that the proposed Service Tax rate is very high of GST and stressed on creation of strong IT in collaboration with Konrad-Adenau- and needs to be reduced to a more realistic backbone for success of GST and explained Per-Stiftung (KAS) and with the support level. Chief Guest, Mr. Parvaiz Iqbal Khateeb, the rationale behind GST, its impact on the of Department of Commercial Tax, J&K Gov- Commissioner Commercial Taxes stressed economy and the likely reduction in prices. ernment organized a seminar on ‘GST & Its upon greater interaction between the Depart- Mr. Kuldeep Gupta, Co-chairman, PHD Implications in J&K’ at Jammu. ment, trade and industry. Chamber State Chapter Jammu presented a At the onset, a publication of PHD Re- Dr. S. P. Sharma, Chief Economist & formal vote-of-thanks while Mr. Iqbal Fayaz search Bureau & KAS on Goods & Services Director, Research Bureau, PHD Chamber Jan Resident Officer J&K moderated the Tax (GST), impact on economy, industry and delivered a detailed presentation on GST, its seminar. The function was also graced by Dr. people was released by Mr. Parvaiz Iqbal impact on economy, trade and people. He Dipanker Sengupta, Economist of J&K and Khateeb, Commissioner Commercial Taxes, further elaborated the benefits of GST, the Prof Sameer Gupta from the Business School, Govt. of J&K; Ms. Anoo Malhotra, Addition- process and procedure of implementation University of Jammu. al Commissioner, Department of Excise and Taxation; Dr. S. P. Sharma, Chief Economist & Director Research, PHD Chamber, New Delhi; GST final draft to retain clause on services sector Mr. Vikrant Kuthiala, Chairman, Jammu Com- mittee and Mr. Kuldeep Gupta, Co-Chairman, The goods and services tax (GST) council is likely to retain a clause in the law Jammu Committee, PHD Chamber. that will require service providers to register in every state where they operate, Mr. Vikrant Kuthiala, Chairman, Jammu despite recent representations from various ministries and telcos, banks, and Committee, PHD Chamber stated that imple- insurance firms for a single registration system. At present, service providers mentation of GST is inevitable and will lead to benefit from a single centralized registration system for paying service tax—a a major tax reform in the country. tax levied and collected by the Union government. Under the GST regime, It is expected to broaden the tax base, even states will get the powers to collect tax on services and the service pro- reduce distortions in the economy, ensure viders will have to register in every state where they have operations. Service greater regional equity and create a seamless providers operating across India will have to obtain more than 30 separate national market. However, he stressed upon keeping a lower Revenue Neutral Rate, a re- registrations. Companies have highlighted the procedural hassles of such a alistic Threshold Limit, creation of Robust IT move but states, concerned about their revenue, are not willing to agree to a Network, and extensive and exhaustive train- centralized registration. ing to Tax Administration staff. He also stated

60 | India Inc. / MARCH 2017 HEADWAY / Towards Inclusive Growth PHD FAMILY WELFARE FOUNDATION (PHDFWF) Socio – Economic Points Special Olympics World Winter Games r. Gopal Jiwarajka, President, PHD Chamber presented a cheque of Rs. 15.5 lakhs to Ms. Mallika Nadda, Vice Chairperson, Special Olympics Bharat on February 21, M2017 in New Delhi Ew towards Special Olympics World Winter Games 2017 sched- uled for March 2017 in Austria. Mr. Anil Khaitan, Senior Vice President, PHD Chamber, Mr. Sudhansh Pant, IAS, Joint Secretary, Ministry of Chemicals & Fertilizers, Ms. Neelam Pratap Rudy, Chairperson, Sports Committee, PHD Chamber, Mr. Nishant Berlia, Apeejay Stya & Svrn Group, Ms. Kanika Sriram, DCM Shriram Industries Ltd., Air Marshal D Keelor (Retd.) CEO, SOB were also present. The funds were contributed by Martin and Harris Pvt. Ltd., DCM Shriram Industries Ltd., Jai Bharat Maruti Group, Alliance Advertising & Marketing Pvt. Ltd. and Synergy Environics Ltd. 9LVLWWR+7:/6NLOO'HYHORSPHQW7UDLQLQJ&HQWUHDW0DQJZDNL3DWDXGL+DU\DQD Mr. Sanjay Bhatia, Managing Director and Ms. Mani Bhatia, Hindustan Tin Works Ltd. visited the HTWL- Skill Development Training Centre at Mangwaki, Pataudi, Haryana on February 25, 2017.They interacted with the beneficiaries of the courses. Trainees performed a cultural program to welcome the guests. About 180 beneficiaries attended the occasion. Presently, 72 trainees are availing training in tailoring, computer education and beauty culture.

PHDFWF Swachh Pariyavaran Walk PHDFWF Health Talks PHDFWF participated in the grand Swachh Pariyavaran Walk organized PHD Family Welfare Foundation organized Health Awareness Talks on by PHD Chamber on February 19, 2017 at Rajpath, New Delhi. About, ‘Status of Vitamin D Deficiency in India & ways to deal with it’ by 200 trainees along with the project staff from the PHDFWF projects like Maj. Gen (Dr.) Raman Kumar Marwaha, Specialist in Endocrinology DESACS-Target Intervention, FENA-Skill Development Centre, Okhla, and Thyroid along with Dr. Deepali Bhardwaj, a qualified skin care SMPF-Skill Development Centre and Skill development centre, Rohini expert on ‘Anti ageing & general Skin care’ on February 9, 2017 at the participated in the walk. PHD House, New Delhi. About, 130 participants benefited from their knowledgeable views.

PHDFWF-BSES cancer detection camp at Hiran Kudna, Mund- BSES Certificate of Appreciation ka, Delhi. PHDFWF received the certificate of appreciation for social initiative PHDFWF organized one free cancer detection camp in association with from BSES Rajdhani Power Ltd. Indian Red Cross society; Virmani BSES Rajdhani Power Ltd. at Hiran Kudna, Mundka on February 14, Trust Foundation and Sir Ganga Ram Hospital were among others to 2017. Senior officials from BSES were present at the camp. An Oncolo- receive the honour. gist, Gynecologist, an ENT specialist and a general physician examined the patients and spot investigations like blood test, B P check up, ENT check up, X-Ray, Mammography etc. were conducted. Around 208 pa- tients benefited from the camp.

India Inc. / MARCH 2017 | 61 HEADWAY / Towards Inclusive Growth

Certificate distribution pro- PHDFWF-Blankets distribution in Kupwara District J&K gramme at Fena-PHDFWF Skill PHDFWF distributed 100 blankets to the poor families of Kupwara District of Kashmir in as- Development Training Centre sociation with local NGO Chinar International. PHDFWF had received request for donation of blankets in view of the state reeling under extremely harsh winter in Jammu and Kashmir. A Certificate Distribution Programme was or- ganized on February 17, 2017 at the FENA Skill Development Training Centre for the trainees who have successfully completed their courses. Dr. N. S. Rana, Sr. Manager (HR), Fena (P) Ltd. distributed the certificates to 85 trainees in tailoring and beauty culture. Presently, 144 girls and women are undergo- ing training at the Centre.

3+'):)73''/9RFDWLRQDO Training Centre A new skill development training centre has been established jointly with NGO Ashima Foundation at Rohini Sector-3. This is the second vocational training centre supported by TPDDL. Presently, 85 trainees are availing training in com- puter education, beauty culture & tutorial classes at the centre.

3+'):)6HWK0DGDQODOO3DOULZDOD)RXQGDWLRQ0RELOH0HGLFDO9DQ During this month, 10 free health check up camps were organized in different rural areas of Haryana, Rajasthan, Uttar Pradesh and slums of Delhi. Free diagnostic care, clinical services and medicines were provided to the patients. Around, 1265 patients benefited from these camps.

Self Defence training at the SMPF Skill Development Train- ing Centre A 15 days Self Defence Training was orga- nized for 48 local girls & women by special trainer from Delhi Police Women Cell at the centre. Around 308 trainees are availing training in beauty culture, tailoring, nursing assistance and English speaking courses. 3+'):)&RPPXQLW\'HYHORSPHQW3URMHFWDW2GLVKD PHDFWF-DSACS Target Inter- At the community development centre, Khuntulipali village, Odisha, presently, 36 trainees are availing training. One general awareness program was organized for the local community during YHQWLRQ3URMHFWRQ+,9$,'6 this period. During this period, 122 ICTC, two advocacy, four review, three demand generation and two DIC meetings were organized. Around 326 patients benefited from the clinic services. A total number of 42 hotspot meetings were also organized at different target locations un- der this project..

PHDFWF-Skill Development Centre at Badli, Rohini Presently, 55 trainees are availing training in tailoring & embroidery, beauty culture & me- hendi at the Centre. One general awareness PHDFWF-ITE India Skill Development Training Centre at Noida programme on health & hygiene was orga- Training in tailoring & beauty culture is being provided to the local girls & women at the PHD- nized during this period. FWF-India Skill Development Training Centre at Noida. Presently, 54 local girls & women are availing training at the centre.

62 | India Inc. / MARCH 2017 3+'585$/'(9(/230(17)281'$7,21 3+'5')

3+'5')+($/7+&$5(,17(59(17,21 PHDRDF has been actively conducting free health camps for the low income population in various geographical locations across the country to increase access to healthcare. A team of a qualified Doctor, ANM, Lab Technician and project coordinator are present at each camp. Awareness generation sessions are also carried out by the doctor to educate the people on health and hygiene related issues. A. BHEL Mobile Health Camps & Awareness Campaigns PHDRDF in partnership with Bharat Heavy Electricals Limited (BHEL) is conducting generic mobile health camps at two of their plant loca- tions – Haridwar (Uttarakhand) and Bhopal (Madhya Pradesh). The project envisages providing free consultancy and medicines to the community at their doorstep and generating awareness on key health issues like child & maternal health, hygiene & sanitation, drug addiction, adolescence, healthcare to name a few. i. BHEL HARIDWAR A total of 21 Health camps were conducted this month reaching out to 1605 patients. The beneficiaries of this project are not able to access health services easily due to the hilly terrain and therefore they look forward to the medical van services which are provided to them free-of- cost.

Doctor diagnosing the patients Free distribution of medicines at the Health Camp

ii. BHEL BHOPAL PHDRDF organized two Health Camps in Bhopal, Madhya Pradesh for people who are unable to afford healthcare services. The patients included women, men and children of all age groups, who wanted to consult the doctor for various ailments. About 240 pa- tients were reached out to in these camps and given free medicines and consultation.

Doctor diagnosing the patients at the Health Doctor diagnosing the patients at the Health Camp in Bhopal Camp in Bhopal

India Inc. / MARCH 2017 | 63 HEADWAY / Towards Inclusive Growth

iii. KADIMI TOOL MFG. CO. (P) LTD. PHDRDF organized two Health Camps in Dundahera and Kapaseda villages of Gurugram, Haryana for people who are unable to afford healthcare services. The patients included women, men and children of all age groups, who wanted to consult the doctor for various ailments. Around 209 patients were reached out to in these camps and given free medicines and consultation.

Free distribution of medicines at the Health Camp Doctor diagnosing the patients PHDRDF WATER MANAGEMENT A. Coca Cola India Foundation As part of a MoU signed between PHDRDF and Coca Cola Foundation for constructing six Water Harvesting Structures across three districts in Rajasthan, construction of six structures have been completed – Bees Wala, Pehli Kirayi Wala, Ganga Ghat Wala, Bhatiya Wala Check Dam, Gindauda Wala Check Dam and Gau Ghat. A total of 18,805 people across 11 villages will benefit from this project through recharge of ground water and conservation of surface water.

Completed water harvesting structure of Gau Ghat

Water tank with the capacity of 5000lt

B. Hindustan Tin Works Ltd. Hindustan Tin Works Ltd. has partnered with PHDRDF to im- plement a project for providing sustainable drinking water solu- tion to 2600 people in Pahari Village of Pataudi Block in Guru- gram, Haryana. Provision of providing a 15,000 litres water tank has been installed in the community with multiple taps. Earlier, they had to travel two kilometres from the village but now the water is available for them within 200 metres. The water quality has been tested to ensure that the water is portable. Completed water harvesting structure of Gindauda Wala Check Dam

64 | India Inc. / MARCH 2017 C. S. S. Kothari and Co. S. S. Kothari and Co. has partnered with PHDRDF for constructing a water har- vesting structure named Swami ki Dhani- wala check dam in Behroj Pahari Village of Mundawar tehsil in Alwar district of Ra- jasthan. A total of 2,350 people from 300 households and around 1800 milch ani- mals will benefit from this project through recharge of ground water and conserva- tion of surface water. The water harvesting structure is under progress.

Ground Breaking Ceremony along with the villagers

Ground Breaking Ceremony along with the villagers

D. The Rotary Foundation PHDRDF has extended its outreach towards constructing of water harvesting structures in Punjab. PHDRDF have received confirmation by The Rotary Foundation through Global Grant led by Mr. Sanjeev Sharan for constructing two water harvesting structures near Anandpur Sahib, Punjab. This is the first water Harvesting project initiated in the state of Punjab. The construc- tion work of the project was initiated in mid-January.

Water Harvesting Structure under construction Water Harvesting Structure under construction

India Inc. / MARCH 2017 | 65 HEADWAY / Towards Inclusive Growth 3+'5')6.,//'(9(/230(17

PHDRDF has been undertaking skill development pro- grams with various corporate organisations with an aim to enable the under-privileged youth to be economically indepen- dent. These programs include training in stitching & tailoring, beauty culture, computer literacy including tally software, spo- ken English language, soft skills, etc.

1. Kadimi Tool Mfg. Co. (P) Ltd. Skill Development Centre Training on Basic Computer Course Kadimi Tools Mfg. Co. (P) Ltd. has sponsored the Skill Development Project at Dundahera, Gurugram. Presently, 20 candidates got enrolled and are undergoing training in the Beauty Culture Course. A total of 20 candidates successfully completed the Basic Computer Course and Spoken English training. So far 30 young boys and girls have been trained in Basic Computer and 60 girls have gained experience in Beauty Culture.

2. Donaldson India Filter Systems Private Limited Training on Beauty Culture at the Centre The skill development project is currently being implemented by PHDRDF with the support of Donaldson India Filter Systems Pvt. Ltd, in Mohammadpur Gujar village, Sohna Shani, Gurgaon, Haryana. In the current batches, 20 candidates are taking training in cutting and tailoring and 24 candidates undergoing beauty culture course. An audio – visual session on health and sanitation was conducted at the centre. The session was conducted by ANM and around 30 girls participated in the session.

Audio-video Session being conducted by ANM Meeting with the CSR Committee members of Donaldson PHDRDF EDUCATION 1. Peter Und Luise Hager Stiftung (Hager Foundation) Under the ongoing project ‘Quality Education and Wash in Schools’, sponsored by Hager Foundation in the two schools in Sikar, Rajasthan, a Drawing competition was organized in both the adopted schools on the occasion of Republic Day of India, January 26. Each class was divided into four groups – Jal, Dharti, Akash and Vayu with inter-house competition. The winners were identified from each class and appreciation gifts were given to the winners. Activities on mass hand washing are conducted regular- ly every week in both the schools to inculcate the habit of hand washing among the children.

Students showing paintings in Toda school Painting competition in Bhojmaid school

66 | India Inc. / MARCH 2017 Bureaucratic Movements Name Departments Ms. Ruchi Ghanashyam New Secretary (West), Ministry of External Affairs. She is an IFS officer of 1982 batch. Mr. N. K. Sinha Secretary, Ministry of Culture has been given an additional charge of the post of Secre- tary, Ministry of Tourism. He is an IAS officer of 1980 batch of Bihar cadre. Ms. G. Latha Krishna Rao Secretary, Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment has been given an additional charge of the post of Secretary, Ministry of Tribal Affairs. He is an IAS officer of 1982 batch of Karnataka cadre.

New Members Ms Reshma Mishra PROFESSIONAL CATEGORY ORDINARY CATEGORY Partner Mr Sharad Tyagi Mr Gaurav Gulati Florencia Healthcare Partner Partner Mr Ashok Singh Fair & Just Legal Solutions LLP Accuracy India Pvt. Ltd. Director Mr Pushpendra Surana Mr Pushpendra Kumar Gupta Loyal Tours & Travels Pvt. Ltd. Partner Director, Mr Ramesh Kumar Jain S K Surana & Co Ayesa India Pvt. Ltd. Chairman & Managing Director 0U5DKXO-1DPMRVKL Pasupati Spinning &Weaving Mills Ltd. ASSOCIATION CATEGORY Director 0U9LVKDO-LQGDO Mr G L Agarwal D B Corp. Ltd. Director President Ms Chanchal Kaushik Vishad Edutech Pvt. Ltd. Social Action Foundation Director Mr J S Madan Frames Twenty Four Communications Pvt. Ltd. Chairman Shawl Club (India) Amritsar

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India Inc. / MARCH 2017 | 67 MEDIA BUZZ

The Business Standard, New Delhi, 08 February, 2017

The Pioneer, Lucknow, 01 February, 2017 The Central Chronicle, Raipur, 02 February, 2017

The Hindu, New Delhi, 02 February, 2017

The Business Standard, New Delhi, 19 February, 2017

68 | India Inc. / MARCH 2017 The Pioneer, New Delhi, 22 February, 2017 The Tribune, New Delhi, 20 February, 2017

The Business Standard, New Delhi, 28 February, 2017

The Hindu, New Delhi, 10 February, 2017 The Asian Age, New Delhi, 23 February, 2017

India Inc. / MARCH 2017 | 69 70 | India Inc. / MARCH 2017 SCHEDULE OF EVENTS

Schedule of Events / Meetings of PHDCCI From March to April 2017

S. Programme Title Date Time 9HQXH No.

1 Exhibition cum Buyer-Seller Meet on Technical Textiles 9 – 10 March 2017 10.30 am PHD House, New Delhi

2 Conference on “Emerging Technologies in Construction Sector” 10 March 2017 9.30 am PHD House, New Delhi

3 PHD-KAS Workshop on Start Up India 10 March 2017 10.00 am Jammu

4 Meeting of Managing Committee 15 March 2017 4.00 am PHD House, New Delhi

5 6th India Heritage Tourism Conclave 16-17 March 2017 10.00 am Khajuraho

6 India Hospital Summit – Supply Chain Management & Bio Medical Waste 16-17 March 2017 9.00 am PHD House, Management New Delhi

7 Seminar & Exhibition on Military Logistics & Transportation 2017 21 March 2017 8.30 am Manekshaw Centre, Chief Guest: Dr. Subhash Bhamre, Raksha Rajya Mantri, GoI New Delhi

8 Logistics & Supply ChainSummit – 2017 21 March 2017 9.30 am PHD House, New Delhi

9 PHD-KAS Workshop on Start Up India Master Class 21 March 2017 10.00 am Kurushetra University, Kurukshetra

10 Seminar on “Business Responsibility Reporting – A Journey Towards 22 March 2017 2.00 pm PHD House, Effective Governance” New Delhi

11 Astitva Samman 2017 - A Recognition to Promote Women Empowerment 24 March 2017 3.00 pm PHD House, New Delhi

12 HITEX Haryana International Trade Expo 24 – 28 March 2017 10.00 am Faridabad Manohar Lal Khattar, CM

13 PHD-KAS Seminar on Ïmportance of Intellectual Property Rights for MSMEs 29 March 2017 11.00 am Conference Hall, Directorate of Industries, Udyog Bhawan, Bemloe, Shimla

14 Seminar on ‘Pradhan Mantri-Jan Aushadhi Scheme’ 31 March 2017 10.30 am Hyderabad

15 Ambassadors’ Meet 31 March 2017 31 March PHD House, 2017 New Delhi

16 South Asia Trade Fair & Consumer Expo - 2017 6 – 9 April 2017 10.00 am Himachal Bhawan, Chandigarh

17 4th PHD Global Rail Convention 2017 – “Ïndian Railways – Gati Se Pragati in 7 April 2017 1.30 pm PHD House, the Climate of Change” New Delhi Chief Guest: Dr Suresh Prabhakar Prabhu, Hon’ble Minister of Railways

18 South Asia Trade Fair & Consumer Expo - 2017 7 - 10 April 2017 10.00 am Himachal Bhawan, Chandigarh

19 Skilling India for Global Competitiveness 19 April 2017 10.00 am Constitution Club, Chief Guest: New Delhi Mr. Hamid M. Ansari, Hon’ble Vice President of India

20 25th China Shenzhen International Gifts, Handicrafts, Watches and 25 – 28 April 2017 10.00 am – Shenzhen, China Houseware Show 2017 6.00 pm

21 “PHDFWF Sargam 2017”- A Programme “By the Members for the Members” 28 April 2017 6.00 pm PHD House, New Delhi

22 14th Thailfex 2017 – World of Food Asia 31 May – 10.00 am – Bangkok, Thailand 4 June 2017 6.00 pm

23 15th Global Indian Festival 31 May – 10.00 am – Kuala Lumpur, 4 June 2017 6.00 pm Malaysia

India Inc. / MARCH 2017 | 71 ARCHIVES Women Empowerment

he Chamber, in collaboration with Pop- ulation Foundation of India, organized Tthree State-level Advocacy Workshops on Female Infanticides in Delhi, Chandigarh and Parwanoo in 2004. The Chamber undertook a number of programmes for empowering women and de- veloping entrepreneurship skills among them. One of the major projects was the project for training mahila panchs on their rights and re- sponsibilities as elected members of Pancha- yati Raj institution. Financial assistance was provided by the European Union to encourage involvement and meaningful participation of women in the planning and decision making process at the grassroot level as part of dem- Mrs Najma Heptullah, Deputy Chairman, Rajya Sabha and Ms Mallika Sarabhai at the Conference on Role & Challenges for Women in Indpendent India ocratic decentralization.

India Heritage Tourism Conclave 2011

HD Chamber organized its first ‘India heritage Tourism Five Year Plan. The industry needs to sensitize the states about Conclave 2011’ on November 23, 2011 at New Delhi. the potential of the Tourism sector and approach the states with P The conference began with the inaugural of the exhi- investment proposals to give shape to the government’s vision. bition by Mr. Subodh Kant Sahai, Hon’ble Minister for Tourism, Mr. Salil Bhandari, President, PHD Chamber stated that the Govt of India. Chief Guest, Mr. Subodh Kant Sahai, tourism sector could provide a great fillip for maintaining the Hon’ble Minister for Tourism said that the tourism sector 8-10 percent growth of the economy. has the potential to generate huge employment opportunity for Mr. Navneet Dhawan, Co-Chairman, Tourism Committee, the masses. He indicated that about 25 million jobs are expect- PHD Chamber stressed on the importance of public private par- ed to be generated from the Tourism sector during the Twelfth ticipation in preserving India’s heritage structures.

72 | India Inc. / MARCH 2017

Total No. of Pages - 76 Registration Number DL-SW-1/4095/2015-2017 RNI No. 34665/79 Date of Publication - Published on 6th of every month Date of Posting - 7th / 8th of same month

For further Details Contact :-Mr. Ajay Bansal, E-MAIL: [email protected]

Printed by Mr. Saurabh Sanyal, Secretary General, PHD Chamber of Commerce and Industry, Published by Mr. Saurabh Sanyal on behalf of PHD Chamber of Commerce and Industry, Printed at Modern Systems Corporation, B-3/1, Okhla Industrial Area, Phase-II, New Delhi-110020 published at PHD Chamber of Commerce and Industry, PHD House, 4/2 Sri Institutional Area, August Kranti Marg, New Delhi - 110016, Editor - Mr. Saurabh Sanyal