Annual Report 2019-20

(16th JJanuary 19219200 - 116th6th JJanuary 2020) Birth Centenary of the Legendary Mr. Nani A. Palkhivala Celebrated... ANNUAL REPORT )2580 2019-20 2))5(((17(535,6( THE 17TH NANI A. PALKHIVALA MEMORIAL LECTURE 1 2 3 4 5 7 1. Mr. Y.H. Malegam, Chairman, Nani A. Palkhivala Memorial Trust, welcoming the audience at the 17th Nani A. Palkhivala Memorial Lecture delivered by Mr. N. Chandrasekaran, Chairman, Tata Sons Private Limited. 2.0LVV6.%KDUXFKDSUHVHQWLQJÀRZHUVWR0U1&KDQGUDVHNDUDQ In the Centre is Mr. Arvind Datar. 3. Mr. Arvind Datar, General Editor sharing his experience about the Festschrift “Essays & Reminiscences” produced in honour of Mr. Nani Palkhivala. 4. Releasing the Festschrift (l to r) Mr. Y. H. Malegam, Miss S. K. Bharucha, Mr. Arvind Datar, Mr. N. Chandrasekaran and Mr. Deepak Parekh. 5. Mr. N. Chandrasekaran delivering the 17th Nani A. Palkhivala Memorial Lecture. 6. Mr. Deepak S. Parekh, Trustee, Nani A. Palkhivala Memorial Trust proposing the vote of thanks. 7. A view of the large audience. THE A. D. SHROFF MEMORIAL LECTURE 1 2 3 4 1. Mr. H. P. Ranina, Chairman, The A. D. Shroff Memorial Trust presiding at The A.D. Shroff Memorial Lecture. 2. Mr. Amitabh Chaudhry, 0DQDJLQJ'LUHFWRU &KLHI([HFXWLYH2I¿FHU$[LV%DQN/WGGHOLYHULQJ7KH$'6KURII0HPRULDO/HFWXUH 3. Dr. Amitha Sehgal, Forum’s Council Member, proposing the vote of thanks. 4. A view of the audience. FORUM OF FREE ENTERPRISE Peninsula House, 2nd Floor, 235 Dr. Dadabhai Naoroji Road, Mumbai 400001. Email: forumfe1956@gmail.com • Tel.: +91 22 2261 4253 • Website: www.forumindia.org Twitter: @FFEconnect • YouTube: Forum of Free Enterprise REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR 2019-20 An account of the activities of Forum of Free the Tata Theatre, NCPA, Mumbai. Enterprise during 2019-20 is given below: c) On the occasion, a Festschrift titled, “Essays I. Booklets & Reminiscences” in honour of the late Booklets, on important subjects, as listed below, Mr. Nani Palkhivala was released. were published and distributed free. d) Mr. H.P. Ranina, Tax Expert, spoke on “The a) ‘Governance & Democracy in India’ by Dr. R. Union Budget 2020-21” at a public meeting Balasubramaniam (May 2019); arranged by Nani A. Palkhivala Memorial Trust, in association with Bombay Chartered b) ‘The Climate Change – Issues and Challenges’ Accountants’ Society, Sydenham Institute of by (June 2019); Dr. S. D. Naik Management (SIMSREE) and the Forum. c) ‘Corporate Governance – A Practitioner’s e) The Forum, in association with other Perspective’ by Dr. Mukund Rajan (July organizations, arranged public meetings on 2019); “The Union Budget 2020-21” in Borivali, d) ‘The Union Budget 2019-20 (July 2019)’ by Ghatkopar and Mulund. The speakers were: H. P. Ranina (August 2019) Prof. S. Chandrasekar, CA Mehul Shah, e) ‘Statement on the Current Economic Situation CA Rajiv Luthia, Prof. Dr. Chandrahas in India’ (September 2019); Deshpande, CA Siddharth Banwat and CA f) ‘Who Will Finance Risk in India?’ by Sanjeev Gokhale. Mr. Amitabh Chaudhry (February 2020). III. Youth Activities II. Public Meetings Annual Youth Day a) The A.D. Shroff Memorial Lecture was Forum arranges the Annual Youth Day inviting the delivered by Mr. Amitabh Chaudhry, best speakers in the three Elocution Competitions Managing Director & Chief Executive Officer, namely, The 55th A.D. Shroff Memorial Elocution Axis Bank Ltd. on “Who Will Finance Risk in Competition for College Students, The 16th M.R. India?”. The lecture was organized jointly by Pai Memorial Elocution Competition for School Forum of Free Enterprise and The A. D. Shroff Students and The 16th Nani A. Palkhivala Memorial Memorial Trust in association with Bombay Elocution Contest for Law Students, chosen at Chartered Accountants’ Society. the respective selection rounds, to participate. b) This being the birth centenary year of late Mr. This year’s Annual Youth Day arranged on Nani A. Palkhivala, Forum was associated with Sunday, 26th January 2020 at IMC, was a huge Nani A. Palkhivala Memorial Trust in arranging success. On the occasion, Mr. Y.H. Malegam, the 17th Nani A. Palkhivala Memorial Lecture Chairman, Nani A. Palkhivala Memorial Trust, delivered by Mr. N. Chandrasekaran, also spoke about the life and work of the late Chairman of Tata Sons Pvt. Ltd. on “Building Nani A. Palkhivala. More details of the respective India for the Future” on 16th January 2020 at competitions are given below: 1 The 55th A.D. Shroff Memorial Elocution following subjects for five minutes each: Competitions for College Students: A. Challenges of Planning One’s Career; A total of 172 competitions were held in 90 B. Creating Wealth from Recycling the Waste; places in 14 states across the country. (The list is C. Becoming a Responsible Citizen – Why & appended to the report). More than 2000 students How? participated in the competition. In most of the The three best speakers in each school were places outside Mumbai, the competitions were awarded cash prizes. Later, the first-prize winners conducted by colleges for their own students, in these schools were invited to a selection round while in a few places inter-collegiate contests were when the best eight from among them were arranged with the help of local organizations. The chosen for participation in the annual inter-school three best speakers were awarded cash prizes in contest. The performance of these participants each competition. was excellent and greatly appreciated by the Students were free to choose and speak on any audience. one of the following subjects for five minutes each: The First Prize (Rs.10000 each) in the inter-school A. Quest Towards Inclusive Growth In India; contest, was awarded to both Ms. Asmi Ganatra, B. Health For All: Reforming National Health Children’s Academy (Ashok Nagar), Kandivali (E) Policy; and Mst. Aaron George, Hiranandani Foundation C. Role Of A Model Citizen In Indian School, Thane; the Second Prize (Rs.7500 each) Democracy. to both, Ms. Diya Shah, Gopi Birla Memorial From the above, in Mumbai, the competition was School, Walkeshwar and Ms. Rama Ranade, first held in 47 colleges. Later, the eight best among Balmohan Vidyamandir, Dadar (W) and the Third first-prize winners in these colleges were chosen Prize (Rs.5000) to Ms. Maahi Shah, St. Anthony for participation in the inter-collegiate contest. Girls’ High School, Chembur. These students enthralled the large audience with The 16th Nani A. Palkhivala Memorial Elocution brilliant performances. The First Prize (Rs.10000) Contest for Law Students: was won by Ms. Ayswarya Pillai of Valia College Nani A. Palkhivala Memorial inter-collegiate of Commerce & Arts, Andheri (W); the Second contests were held in Mumbai and Pune. In Prize (Rs.7500) by Mr. Sreesreshta Nair of N. M. Pune, it was arranged by Symbiosis Law School College of Commerce & Economics and the Third and in Mumbai by Nani A. Palkhivala Memorial Prize (Rs.5000) by Mr. Mayur Khankal of VES Trust jointly with Forum of Free Enterprise. The College of Arts, Commerce & Science, Chembur. participants were free to choose and speak on This competition is being conducted by The any one of the following subjects for five minutes A.D. Shroff Memorial Trust and Forum of Free each: Enterprise since 1965 with the objective of A. “Infrastructure Development V/S encouraging college students to think and speak Safeguarding the Environment” – The New on economic subjects, besides enabling them to Field In Legal Confrontation; show their platform skills. B. Rise of Populist Forces – Do They Pose The 16th M.R. Pai Memorial Elocution A Challenge To The Independence Of Competition for School Students: Courts?; The competition which has been conducted C. “Employment of Artificial Intelligence (A.I.) since 2004 by Forum and M.R. Pai Foundation, to Supplement or Supplant Professionals was held in 66 schools (list attached) in Mumbai, in Legal Process” – Is It The Way To The Thane, Vasai and Virar, during 2019-20. More than Future? 700 students from these schools participated. The three best speakers were awarded cash Teachers from these schools encouraged their prizes in each contest. In the inter-collegiate students to participate in the competition and contest held in Mumbai, the First Prize (Rs.10000) display their speaking skills. The students were was awarded to Ms. Sakshee Salunkhe of free to choose and speak on any one of the Vivekanand Education Society’s College of Law, 2 Chembur; the Second Prize (Rs.7500) to Ms. (Maharashtra); Chandigarh (Punjab); Banswara Hafsa Tazheen of Jitendra Chauhan College of (Rajasthan); Chennai, Kanchipuram, Madurai, Law, Vile Parle (W); and the Third Prize (Rs.5000) Trichy (T.N.). to Ms. Tejasvi J. Shah of KES’s Shri J. H. Patel In the residential camp held at Lonavala 33 boys Law College, Kandivali. and girls, all in the age group of 20 to 22 years, Further, prizes worth Rs.90,000 were distributed from different places, participated. The theme of the to the participants in The 55th A. D. Shroff Memorial camp was “Overcoming Challenges of Life”. th Inter-Collegiate Elocution Contest, The 16 M. Dr. Sam Taraporevala, Associate Professor and R. Pai Memorial Inter-School Elocution Contest Head Department of Sociology, St. Xavier’s th and The 16 Nani A. Palkhivala Memorial Inter- College, Mumbai, who inaugurated the camp, Collegiate Elocution Contest conducted on the interacted with the participants and shared his occasion of Forum’s Annual Youth Day held on success story as a visually impaired individual. th 26 January 2020. Mr. Rajiv Kumar Luv, Program Director along Leadership Training Camps: with other experts, namely, Mr. Ajit Kamath, The late M. R. Pai, one of the builders of Forum, Mrs. Clarissa Jathanna, Ms. Rehana Changi, took keen interest in encouraging and guiding Mr. Naresh Shivani, Mr. Rajiv Luv, Mr. Shreepad students with the object of making them into Parkhe, Mr.

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