FbdCS e-Newsletter April - 2012 15th Issue FARIDABAD CHAPTER

PROPOSED OVERVIEW OF FARIDABAD CHAPTER BUILDING

Faridabad Chapter Of NIRC Of ICSI THE INSTITUTE OF COMPANY SECRETARIES OF INDIA SHOP NO. 106, VARDHMAN MALL, SECTOR – 19, FARIDABAD – 121002 Contact No.: 9136606601-5 Website: www.icsi.edu/Faridabad Email Address: [email protected]

For Private Circulation Only The Journey Towards Excellence Continues... FbdCS e-Newsletter April - 2012 FARIDABAD CHAPTER 15th Issue

GLIMPSES APRIL 2012

Professional Development Program held on 15.04.2012:

Group photograph of PDP Participants along with Mr. N.K. Goel

Mr. Vinit Sikka, addressing PDP Participants

Mr. N.K. Goel, addressing PDP Participants

Management Committee Meeting:

Management Committee Meeting held on 22 April, 2012

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FROM THE DESK OF CHAIRMAN CONTENT

Glimpses April, 2012 From the Desk of Chapter Chairman CS Vinit Sikka From the Desk of Secretary & Chief Editor Mobile No. 9871664440 Topper’s Speaks Mr. Somil Agarwal E-mail: [email protected] Mentoring Mantra Judge Women In Corporate board Dear Friends, Article Revised Schedule VI “We cannot escape the responsibilities of Article Stress Management tomorrow by evading today” KYC KMP Expressway Highway Abraham Lincoin PDP A Report Bouquets & Brickbats CS Fraternity It is my proud privilege to address my CS Friends

on the eve of May Day, the day celebrated as the International Workers Day, as it is the celebration of right and solidarity of workers and employees. ************************************************************ Summer is arriving at our doors soon. Despite a Chief Editor CS N. K. Goel timely start, there have been a lot of irregularities in our climate in the recent past and this appears to ************************************************************ be alarming. Somewhere our irresponsible and noncommittal attitude towards our existence as well as our atmosphere, towards our heritage as For past editions of FbdCS e-newsletter: well as our future, and towards our sense of right- eousness as well as the forbidden is responsible http://www.icsi.edu/faridabad for all such critical existences. If we continue with such attitude, we may invite larger environmental For updation of contact details of yours and your CS crises in our lifetime. friends, send e-mail at: Once Shri Morarji Desai, the then Finance Minister quoted that, “…for safeguarding our own independ- ence and liberty, we have got to provide some [email protected] | [email protected] checks which automatically do not allow independ- ence and liberty to be misused…Anybody who

misuses power loses it; otherwise democracy is not maintained….” Disclaimer:

I know one thing: our curriculum has taught us to ************************************************************ be ethical and responsible. And I am sure, we will Views and other contents expressed or provided herein need to be able to build a better and secure time for our be construed as views of the individual. The readers are ad- next generations to come. vised to take all the precautions while initiating any activity on I had the onerous privilege to address you through the basis of thoughts expressed herein. Faridabad Chapter do this column, as well as in the programmes not owe any responsibility. organized by the Chapter. You will appreciate that

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we have tried our level best to provide best of services. The Chapter has taken several initiatives and organizing multiple seminars on subject of wide professional interest. I cordially invite all of you to attend and participate in these programmes in large number and make them a grand success. Friends, I request you to give your valuable suggestions for improving the services of the Chapter. I also request you to suggest the topics/subjects on which you want seminar or conferences to be organized. This will certainly help us in serving you better. Wishing you all the best for wonderful time ahead! With Best Regards, Vinit Sikka Chairman

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FROM THE DESK OF SECRETARY AND CHIEF EDITOR

ter needs to develop in-house infrastructure. We are in the process that our Chapter has its own Chapter Building soon.

CS N. K. Goel ACKNOWLEDGEMENT Mobile No. :-9811322076 It seems like yesterday when we launched our own E-mail- [email protected] Newsletter. Despite its myriad challenges, the journey so far is a happy and fulfillment one – made possible by kao ih Baar: samaqaa-naaM ikM dUrM vyasaaiyanaama . many of you who have contributed in various issues of kao ivadoSa: saivaVanaaM k: pr: ip,yavaaidnaama .. Newsletter. It is therefore, I believe, the right time to say thank you to our well-wishers and our contributors. We “Able persons never get subdued. Persons will- hope to remain deserving of your support, goodwill and ing to work hard can get anything and everything. candid feedback to achieve bigger and better things going Intellectuals are always honoured worldwide and forward. smiling faces do not have territorial boundaries and for them no country is a foreign country” As team Faridabad, we are committed to provide better services to the members as well as students. You are re- In the present era, technological advancements have quested to kindly forward your views and suggestions for came out as revolution in disseminating knowledge the effective working of the Faridabad Chapter and best and information. Your Faridabad Chapter has always services to the members and students. been proactive to provide latest and flexible learning opportunities and modes to its members and students Before I conclude, let us remind ourselves that knowing in to update their skills and competencies to cater to the not enough; we must simplify the knowledge and apply it needs of the professional world. Recently, your to the fullest satisfaction of our clients and other stake- Faridabad Chapter has organized Budget seminar for holders. Knowledge is a process of piling up facts; wis- the benefit of the members and students. We are sure dom lies in their simplification with creativity. Technical that this seminar has certainly enriched the members skill is the mastery of complexity, while creativity is the and students on respective topics. mastery of simplicity. Looking into the growth of the Indian Economy, the With all the very Best expectations of the various Government Authorities N.K. Goel and the Society from our profession has increased Secretary & Chief Editor and thus we have to update and sharpen ourselves on regular and continuous basis. In order to meet out such expectations your Faridabad Chapter is organiz- ing various programmes from time to time.

INFRASTRUCTURE Chapter Building Infrastructure is the back bone of development. Suc- cess of every country depends upon the infrastructure available. Profession also can not remain aloof of this development. To serve in a more effective way, chap-

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TOPPER’S SPEAKS MR. SOMIL AGARWAL

A. Study materials along with reference books helped me in acquiring knowledge with appropriate depth and

coverage. Student bulletin kept me updated in the dy- namic professional scenario. Suggested answers and

test papers helped me to become familiar with the pat- Somil Agarwal tern of exams.

Somil Agarwal has qualified all groups of CS final in Q. How have your family members have contributed December 2011. He is a Bachelor of Commerce from to your success? Delhi University and an Associate member of Institute A. The continuous guidance and support given by my of Chartered Accountants of India. family members, kept my spirit alive and their encour- A set of questions were asked to Mr. Somil Agarwal. agement kept me in a positive frame of mind. The trust/ The questions & their responses are appended below confidence they have shown in me and their vision of Q. How do you feel after passing CS Professional my future are the key to what I am today. Examination in first attempt? How do you visual- Q. And finally what advice you would like to give to ize your success? the other CS Students? A. The success I have achieved in the CS exams re- affirms my faith in my abilities and is the fruit of the A. Persistence, diligence and hard work always pay. hard work I put in for achieving it. It has tremendously Adopt these traits to become a successful professional. boosted my confidence and assisted me in the facing Believe in yourself and never fear failure. Bounce back the stark realities of the Professional World. It feels harder than you are hit. I wish all the CS students lots of like another feather in my cap and strengthens me to success in their future. face many more challenges in future as I enter into the real world i.e. the professional world.

Q. How did you prepare for the examination? A. I owe my success to the continuous guidance I re- ceived from my elders and seniors enlightening me with keys to success. The main focus of their advise was :-

 Regular studies.

 Planned Approach.

 Repeated Revisions.

 Attempting test papers in examination mode for proper evaluation.

Q. Please tell us about the contribution of study materials, student’s bulletin, suggested answers & various test papers in your success.

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MENTORING MANTRA JUDGE

and displayed the same painting exactly at the same place. Now master took out another board which read – Khem Chand “Gentlemen, I have painted this piece. Since I’m new to E-mail Id. : [email protected] this profession I might have committed some mistakes Mobile No. 9891643466 in my strokes etc. I have put a box with colors and brushes just below. Please do a favour. If you see a Once upon a time there was a painter who had just mistake, kindly pick up the brush and correct it.” completed his course. He took 3 days and painted Master and disciple walked back home. beautiful scenery. He wanted people’s opinion about his caliber and painting skills. They both visited the place same evening. Young painter was surprised to see that actually there was not He put his creation at a busy street-crossing. And a single correction done so far. Next day again they vis- just down below a board which read – “I have ited and found painting remained untouched. They say painted this piece. Since I’m new to this profession I the painting was kept there for a month but no correc- might have committed some mistakes in my strokes tion came in! etc. please put a cross wherever you see a mis- take.” Moral of the Story: While he came back in the evening to collect his It is easier to criticize, but DIFFICULT TO IMPROVE! painting he was completely shattered to see that So don’t get carried away or judge yourself by whole canvas was filled with crosses (Xs) and some someone else’s criticism and feel depressed…. people had even written their comments on the painting. JUDGE YOURSELF! YOU ARE YOUR BEST JUDGE

Disheartened and broken completely he ran to his master’s place and burst into tears. This young artist was breathing heavily and master heard him saying “I’m useless and if this is what I have learnt to paint I’m not worth becoming a painter. People have rejected me completely. I feel like dying” Master smiled and suggested “My Son, I will prove that you are a great artist and have learnt flawless painting. Do as I say without questioning it. It WILL work.” Young artist reluctantly agreed and two days later early morning he presented a replica of his earlier painting to his master. Master took that gracefully and smiled. “Come with me.” Master said.

They reached the same street-square early morning

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WOMEN IN CORPORATE WORLD

tions, corporate boards of directors have historically been composed of males, that is changing, albeit slowly. This information prompts us to ask why there Sweety Chaudhary are so few women on major company boards when ap- E-mail Id.:- [email protected] parently there is an interest in increasing the number? Mobile:-7838775161 There is no shortage of women ready, willing and able to fill board seats, If a company wants a woman board member, it has to look for one, which is what boards Women on Corporate Boards Makes Good with women have done. Business Sense Unfortunately, women with education, expertise and track records that qualify them for board membership remain at a disadvantage when competing with men. In part, this is because those who make board appoint- ments tend to look at candidates within their own per- sonal and professional networks. These networks his- torically have not included women; thus there are few or no women on their radar screens. While search firms include women in their director candidate pools, the dis- advantage remains because doing business with senior executive women is still a new experience for many men in client companies, and there is a subtle comfort issue that can’t be ignored. While unspoken, this is a major reason men prefer to have men on their boards. Women have been perceived as the homemaker and Due to the discomfort and confusion men experience have been expected to place their careers on the working with women in other than traditional support back burner. Thankfully, these outworn modes of roles, female board candidates are frequently subjected thinking are falling by the wayside. More and more, to “competency testing.” Competency testing means women are achieving their professional goals, and women have to prove themselves over and over again making vital contributions in the success of individual by meeting a set of criteria which their male competitors businesses and the overall economy. The playing field need not to meet. As important, women have to make is still not completely level between women and men. sure those making board selections are comfortable Even today, the reality is that women still need to bal- with their style as well as convinced of their compe- ance their work and domestic responsibilities to a far tence. higher degree than men. This requires that the ability to manage time and set priorities be even more devel- If, as has been stated above, it makes good business oped. sense to have women on boards, what is meant by “good business sense?” Good business sense means Women in the workplace, then, can find themselves taking into consideration the following: facing a dilemma: How to be a dedicated and hard- working employee. Women have made great strides  Knowledge of the labor pool; in recent decades, but there is still a long way to go  Knowledge of new and growing markets; until parity is reached with males. With few excep-  Interest in improving corporate governance; and

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 the tracking of revenue and profit, i.e. attention pear, but the number and type of substantive issues to the bottom line. which are considered is broadened. Women are accul- turated differently from men, they tend to listen more The Labor Pool Argument and see problems and solutions differently from their Women are in the workplace to stay, and many want male colleagues.” In many ways this expands and en- careers, not jobs. If firms are to recruit and retain hances board discussion and deliberation. skilled employees, corporate managers and future These findings suggest a strong link between female executives, they must consider women as an impor- members on boards and good-governance credentials. tant part of their labor pool. Women are being trained The researchers found that more female than male di- for, and aspire to, senior level positions. They no rectors:- longer are content to occupy staff positions that don’t lead to important line experience. So it follows that  pay attention to audit and risk oversight and con- paying attention to the best and brightest women trol;

(since they constitute a growing percentage of the  tend to consider the needs of more categories of labor pool) is important. Conversely, when potential stakeholders and female employees and key existing employees see no woman on a board, it raises questions about the  tend to examine a wider range of management corporate culture and a woman’s chances for ad- and organizational performance. vancement. The Bottom Line Argument The Market Argument Today, women constitute a major part of most con- Companies with the highest percentages of female ex- sumer markets, and it is growing as more and more ecutives delivered earnings far in excess of the median women assume responsibility for consumer purchas- for other large firms in their industries.. ing in the home and car markets. Yet, their needs Conclusion:- and preferences are still frequently overlooked be- cause their voices are not heard. In the professional It is hard to ignore the evidence that putting women legal and financial services field, too often it is as- on boards makes good business sense. Doing so is sumed it is men who make the major financial and consistent with the nature of the labor pool, the im- legal decisions. While banks and law offices are be- portant female marketplace, the need to improve ginning to pay attention to the female market, their boards often don’t reflect their customer base. corporate governance, and the ever-present com- Clearly, board members don’t get involved in day-to- petitive requirement to increase revenues and day marketing and sales decisions. However, the profits. presence of a woman on a board makes it more likely, than not, that frequently overlooked female market issues will be identified and addressed. The Governance Argument Perhaps the strongest argument for having women on corporate boards is that their presence often im- proves corporate governance. Women board mem- bers have said their presence changes the conversa- tion, not only do racist language and jokes disap-

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ARTICLE REVISED SCHEDULE VI

and disclosure requirements and does away with several statutory disclosure requirement of the existing Schedule VI. The New schedule VI is as per the currently in use non -converged accounting standards as under Companies CS Riya Modi (Accounting Standards) Rules, 2006. E-mail Id:- [email protected] Impact of Revision in Schedule VI Mobile No. 9210301096 “The Revised Schedule VI is based on existing ac- Revised Schedule VI counting standards and not on Ind AS & is therefore, “The Revised Schedule VI has introduced several all applicable on all companies.” new concepts and disclosure requirement for finan-  The Revised Schedule VI intends to familiarize with cial reporting and it has also done away with several Ind –AS/IFRS by using certain concept such as cur- redundant statutory disclosure requirement “ rent/non-current classification. Schedule VI of the Companies Act, 1956 which defines  The Revised Schedule VI has eliminated the con- the Financial Reporting framework for Indian companies cept of schedule and such information will now be has been amended last year by the government vide provided in the notes to accounts notification dated 28 February 2011.The Ministry of cor-  From now on the compliances requirement of Act porate Affairs (MCA) had revised schedule VI compa- and/or Accounting standards will prevail over sched- st nies act, 1956 and notified the same on 1 march 2011. ule VI. The refreshed schedule VI shall apply to all companies  Better presentation, disclosure is intended to facili- from 1st April 2011 onwards. tate better organized data for users of financial The revised schedule VI introduce many new concept statement.

SOME MAJOR CHANGES IN SCHEDULE VI OLD SCHEDULE VI VS. REVISED SCHEDULE VI OF THE COMPANIES ACT, 1956.

Basic of difference Old Schedule VI Revised Schedule VI Net Working Capital current assets and liabilities are There is no head of APPLICATION OF FUND Requirement shown under the head APPLICA- and the assets & liabilities to be shown under TION OF FUNDS and the Net work- the head Current and Non-current only. Hence ing Capital appears in the balance Net working capital will not appear in the B/S. sheet Fixed Assets There was no bifurcation requirement Fixed assets shall be shown under the head in tangible & intangible assets NON-CURRENT ASSETS and have to bifur- cated in to TANGIBLE & INTANGIBLE ASSETS Investment both the current & Non-current invest- Current and Non-current Investment shall be ment was under the head of Invest- disclosed separately under the Current & Non- ment only Current assets Borrowings All short term & long term borrowings Short term borrowings to be shown under Cur- are grouped under the head of Loan rent Liabilities and Long Term borrowings to be and sub-grouped by Secured and un- shown under Non-Current Liabilities under sub- secured only. group of Secured & Unsecured Loan & Advances Loan & advance are disclosed along Loan & advances shall be divided in to two parts with Current assets i.e. LONG TERM & SHORT TERM AND to be disclosed under Current and Non-Current assets Heads respectively.

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Profit & Loss P & L Dr. balance to be shown under Dr. Balance of P & L to be shown UNDER THE (Dr. B/L) the head of Miscellaneous Expenditure HEAD RESERVE & SURPLUS ONLY & Losses. Sundry Creditors Creditors to be broken up into small & All creditors has been termed as TRADE PAY- macro suppliers and other creditors. ABLES ONLY. Other Current No specific discloser for Current Maturi- Long term current maturities debt to be dis- Liabilities t i e s o f L o n g T e r m d e b t . closed under OTHER CURRENT LIABILITIES. No separate discloser of current maturi- Current Maturities of Finance Lease Obligation ties of Finance Lease Obligation to be separately disclosed. Deferred Tax Deferred Tax assets and liabilities to be Deferred Tax Assets/ Liabilities to be disclosed assets/ Liabili- separately disclosed. u n d e r N O N - CURRENT Assets / ties Liabilities as the case may be. Cash & bank Bank Bal to be bifurcated in to two Earmarked Bank Balance held as margin Balance parts Scheduled Bank( Schedule -2 of money against borrowings/ deposits with more RBI) & Others. than 12 months maturity, each of these to be shown separately. Finance Cost Finance cost to be classified in fixed Finance cost shall be classified as loans & other Loan INTEREST EXPS, other borrowing costs & gain / Loss on foreign currency transaction & translation.

DROPPED DISCLOSURES  Information on Investments purchased and sold Part IV Balance Sheet Abstract and Company’s during the year. General Business Profile  Investment, sundry Debtors and Loans & Ad- Part VI of the erstwhile schedule VI comprising de- vances pertaining to companies under the same tails of company registration number, c a p i t a l Management. raised, Balance sheet details, products etc. which  Commission, brokerage and Non-trade disclo- was required to be attached to the financial sure. statements is no longer required under the revised Conclusion schedule VI. The extend of changes made in the Revised Schedule Managerial Remuneration VI is path breaking and is in the right direction. Better/ Disclosure requirement related to managerial Re- Greater/Qualitative disclosures in the financial state- muneration/commission along with the d e t a i l e d ments are the need of the hour and the regulator has calculation under section 198 of the Companies Act taken the right step in this direction. In the global envi- has been removed from Schedule VI. ronment where the disclosure is a dominant factor in Tax Deducted on Interest, Royalty Received etc. the financial statements, greater and transparent disclo- sures in the financial statements are not only going to There is no need for disclosure relating to the enhance the investors’ confidence but also heighten the amount of tax deducted on the amount of Interest, level of comfort amongst the international community. Royalty etc. as per revised Schedule VI. Tough the changes in the IFRS consideration in totality, Miscellaneous Items the Regulator have taken a right and bold decision in Further, disclosure required as per the Erstwhile this front. The experience gained in implementation of Schedule VI for the following items has been re- the Revised Schedule Vi would certainly help in fine moved under the Revised Schedule VI. tuning the disclosure requirement in future and enhanc- ing the quality of the financial reporting framework.  Details relating to Names/Balances/Maximum Amount etc. in Non Scheduled Banks. 11 FbdCS e-Newsletter April - 2012 FARIDABAD CHAPTER 15th Issue

ARTICLE STRESS MANAGEMENT

Gone are the days of happy-go-lucky childhood. Child- hood is no longer a fun now; in fact I believe that chil- dren are the biggest victims of Stress. Cut-offs have Ankit Khattar, reached acme and so has the expectations of parents Company secretary in practice, and society. As a consequence, the day of exam results Email: [email protected] has turned out to be a judgment day and has no longer remained a casual result day. In order to survive in this Stress Management competitive world, children have to pass through oodles of stress. The immense pressure imposed by the teach- Twenty first century is the age of globalization, cut ers and the parents on the students to excel in all fields throat competition and the mad Rat race. During this are actually killing their childhood and in some cases rat race, silently an anti human element has deep- killing them as well. The number of cases of depression ened its roots and has already attacked almost 70 % and hyper tension amongst children has gone up rap- of the mankind. idly in the past decade. Thanks to god that I am not a Yes, you are absolutely right. I am talking about a dis- child anymore. ease which is even more dangerous than HIV and Stress Management cancer, the root cause of various dangerous diseases like hyper tension, depression, heart attack, brain I think I have penned enough on Stress, now it’s time to hemorrhage. “The STRESS”. It seems that Stress has discuss about stress management. Many renowned become a part of every one’s life and no one is people have already expressed their effective tech- spared from its deadly clutches, irrespective of the niques on Stress management and I almost agree with gender or age. Stress affects each and every individ- all of them. So now you will be in dilemma that why I am ual at one stage of life or other. writing this article? Here I am just trying to analyze this problem with a “different angle”. Earning bread and butter in this competitive world is a mind-numbing and intricate job. The fight for the Sur- As I have already explained that there could be numer- vival in this spirited world results in hectic work sched- ous reasons for the Stress: Work load, Competition, Fi- ules, sleepless nights and the pressure to be the best nancial Want, Physical disabilities etc. I have broadly among the rest. This intense pressure of work sched- classified the reasons for Stress as under: ules, deadlines and competition creates stress and to Shortage of- add on to the pressure, drawing balance between the Time, professional and personal life is a massive problem Resources, for almost every working professional. Economic stability, Women are at no mercy, managing househod works, Social circle, and budgets, saas-bahu problems, preparing her children Stable life to fight in this cut throat world for a dazzling future, is not an easy task and if she is working, which is very Shortage of Time is the biggest root cause of the stress. much in vogue these days, then one can’t even imag- Deadlines, busy schedules, late night meetings, no time ine the stress levels she goes through, And if anything for family and enjoyment, are the real contributors to- is still left, please do not forget our “Stress Queen - wards stress. I remember a famous Proverb “All work Ekta Kapoor” who adds more stress through her emo- and no play, makes Jack a dull boy”. In fact I believe tional melodrama in daily soaps. that it’s the only root cause of the stress. Shocked! As I

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have already said that there are other reasons for that people these days do not actually recognize or causing stress as well. Well now this is what I even know their neighbors. Do you expect me to tell call, “the other angle”. you the reason? Obvious reason is Time again. Giving time to your neighbors is a forgetful thing, these days people do not even have time to spend with their fami- lies, no doubt why divorce cases have shot up like In- flation these days. So, you see that Time is the root cause of the stress. In fact, I must say that lack of time management is the root cause of stress. Now, you will be thinking that all other stress management tools are redundant? Well not exactly, it is really necessary to practice medita- tion, yoga, inculcating some hobbies and other like stress reducing techniques, but what I opine is that one need to be a pioneer in time management first, after all even other techniques need “Time”. Shortage of resources is also a major problem So, I will conclude with just a small but a very valuable cause of Stress, but the truth is that many a times tip, to manage Stress we must start managing our we do not utilize our resources to the maximum Time well. “This time, like all times, is a very good one, just because we don’t spare enough time to ana- if we but know what to do with it.- Ralph Waldo Emer- lyze the optimum utilization of existing resources, son”. Now what you will look forward to is tips for “Time and just get carried away in finding new source of management”. Well, in the meantime, manage your resources. In fact, many a times we even know time and have a stress free life and don’t miss my next the other source also but we fail to approach that Article in the next edition. source at the right time. Economic Instability is also a big source of stress but again if we plan our economic future well in advance and start taking small steps today then we all can plan a better economic stability for the future. A very famous book “Rich Dad Poor Dad” states that people remain in stress for not having economic stability just because they work for money only and forget to devote time in analyz- ing that how money can work for them. Yes, eco- nomic instability is a big problem but the bigger problem is the lack of time to plan a stable future. Social Circle: Now that is a big problem these days. In this modern era the world seems to be shrunken up, and so is the social circle. It may seem wrong to most of you but I am sure that some of you will certainly agree with me, if I say

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KYC KMP EXPRESSWAY HIGHWAY

ways and major district roads; seven overpasses, nine underpasses and 27 underpasses at crossings on village roads; and 33 agricultural vehicular underpasses, 31 cat- CS N. K. Goel tle crossing passages, 61 pedestrian crossing passages, Mobile No. :-9811322076 four railway overbridges, 18 major and minor bridges, E-mail- [email protected] cross drainage works (culverts) at 292 locations, and two truck parking and four bus bays will also be constructed Kundli––Palwal Expressway Route information Delhi Western Peripheral Expressway, or Kundli- Length: 135.6 km (84.3 mi) Manesar-Palwal (KMP Expressway), is 135.6 km Major junctions: From: Kundli To: Palwal (84.3 mi) long Expressway being constructed in the Indian state of . It was planned to become Location: States: Haryana operational by June 2009 but will not be ready even Major cities: Sonipat (Kundli), partially before second half of 2012. The expressway (Pachgaon), Mewat (Rozka Meo will act as a Delhi bypass for traffic coming from north Industrial Area), Palwal of Delhi on NH 1 and going to south of Delhi on NH- 2 Highway system: Indian Road Network or west of Delhi on NH 8.

Progress Overview On 21 December 2010, Haryana Haryana Chief Minis- The 135km long Kundli-Manesar-Palwal (KMP) Ex- ter, Mr. Bhupinder Singh Hooda had an aerial survey of pressway in Haryana (official name Western Periph- the Kundli-Manesar-Palwal (KMP) Expressway and re- eral Expressway) has been divided into three sections viewed the progress of its construction work after that as of 45km each. Four flyovers are being constructed at per Haryana government construction company as as- places where the expressway crosses national high- sured that the 53km long stretch of the expressway from ways, namely, NH 1 at Kundli (Sonepat) where it Manesar to Palwal will be completed by March 2011.[2] starts, NH 10 just north of Bahadurgarh, NH 8 south However, the stretch had not opened for traffic even by of Manesar () and NH 2 near Palwal March 2012 and may not be ready before the second and State Highway 13 (Gurgaon to Alwar) near Rozka half of 2012. A meeting chaired by the Chief Secretary of Meo Industrial Area in Mewat district. Sixteen over- Haryana on 16 November 2011 recorded that the physi- passes and underpasses at crossings on state high- cal progress of around 64% had been achieved until the end of October 2011. 14 FbdCS e-Newsletter April - 2012 FARIDABAD CHAPTER 15th Issue

PDP A REPORT

PROFESSIONAL DEVELOPMENT PROGRAMME

Faridabad Chapter of NIRC of ICSI has organized PDP on 15th April 2012 at NIAM Institute of Applied Manage- ment, Sector-37, Faridabad. Notable among those present in the Session from management committee were Chairman CS Vinit Sikka and Secretary CS Naresh Goel coordinated the session. CS Vinit Sikka, while addressing the participants said that the real purpose behind organizing PDP is to equip prospective professionals with corporate culture and best etiquettes. Speakers for the program were Mr. Vikas Mehra, CS Naresh Goel and CS Sunil Nagar. During the PDP, prominent speakers from respective fields deliberated on various topics including Employability, Interview Techniques and Drafting skills etc. Program was concluded by awarding certificates to the students.

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BOUQUETS & BRICKBATS CS FRATERNITY

Congratulate the Team Faridabad for initiating such a nice & informative Newsletter, This Newsletter is indeed an excellent compilation of Chapter News, Views, Information, Articles and other areas of interest. Really a Great work by the team and good example of team efforts. Keep this up and thank you very much Sumit Sharma

Team Faridabad Congratulation, Your e-newsletter is an inspiring one. My heart felt compliments to you and team Faridabad Chapter. Filled with the activities, knowledge write ups, articles from Members and Students, photos and so much...Great Going. Quite motivating also for the students and the members. Khem Chand

The E – Newsletter is highly informative with full of knowledge and aware- ness specially for the professionals. Swati Chaudhary

I convey my whole hearted gratitude and congratulation to team Faridabad Chapter for series of wonderful & informative e-newsletters. Keep it up ! Manish Mendirata

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