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Merchants' Chamber of Commerce & Industry MERCHANTS’ CHAMBER OF COMMERCE & INDUSTRY REPORT OF THE COMMITTEE FOR THE YEAR 2017-18 Merchants’ Chamber of Commerce & Industry MERCHANTS’ CHAMBER OF COMMERCE & INDUSTRY (Established in 1901) REPORT OF THE COMMITTEE FOR THE YEAR 2017-18 15B, Hemanta Basu Sarani, Kolkata - 700001 Tel: 91 33 2248 1502 /6329/ 3123, 2262 5070 (5 lines) Fax: 91 33 2248 8657, Email: [email protected], Website: www.mcciorg.com Annual Report 2017-18 1 Merchants’ Chamber of Commerce & Industry MERCHANTS’ CHAMBER OF COMMERCE & INDUSTRY 15B, Hemanta Basu Sarani Kolkata 700001 Dated: 5th September 2018 To ALL MEMBERS, Dear Members, The Committee has great pleasure in presenting to you the report of activities for the year ending on 31 March 2018 in terms of Articles 34 (C) of the Constitution. The Audited Statement of Accounts and Balance Sheet for the year are also enclosed. Yours faithfully, Ramesh Agarwal President Vishal Jhajharia Senior Vice President Vivek Gupta Vice President Surendra Keyal Honorary Secretary Rajaram Chowdhary Treasurer Annual Report 2017-18 3 Merchants’ Chamber of Commerce & Industry CONTENTS Page No. 1. Committee for the year 2017–18 7 2. 116th Annual General Meeting 11 3. Interactive Sessions/Symposia/Workshops 22 4. MCCI Ladies Forum (MLF) 73 5. Other Important Events 75 6. Press Communique 77 7. Representations/Memoranda 82 8. Working of the Standing Committees 89 9. Other Activities of the Chamber 90 10. Advisory Council/MCC Foundation/Standing Committees 91 11. Affiliations 100 12. Representatives of the Chamber on Public Bodies 101 13. Meetings held during the year 102 14. Past Presidents 107 Annual Report 2017-18 5 Merchants’ Chamber of Commerce & Industry MEMBERS OF THE COMMITTEE FOR THE YEAR 2017–18 Office Bearers President : Shri Ramesh Agarwal Senior Vice President : Shri Vishal Jhajharia Vice President : Shri Vivek Gupta Hony. Secretary : Shri Surendra Keyal Treasurer : Shri Rajaram Chowdhary Trustees Shri A.R. Sonthalia Shri B.K. Jhajharia Shri Radhe Shyam Agarwal Shri Shrawan Kumar Todi Past Presidents Shri M. C. Shah Shri Amitav Kothari Shri Arun Kumar Churiwal Shri Suresh Jhunjhunwala Shri Sheo Shankar Bagaria Shri Birendra Agarwal Shri Ajay Kajaria Shri Ravi Todi Shri Sushil Kumar Dhandhania Shri Sunil Kanoria Shri Kunj Behari Agarwala Shri Aditya V. Agarwal Shri Santosh Kumar Saraf Shri Atul Churiwal Shri Anupam Shah Shri Shyam Sunder Beriwala Shri Deepak Jalan Shri Sanjay Agarwal Shri Arun Kumar Saraf Shri Manish Goenka Shri Hemant Bangur Members of the Committee Shri Arun Kumar Agarwal Shri B N Agarwala Shri Bharat Agarwal Shri Bijay Gujarwasia Agarwal Annual Report 2017-18 7 Merchants’ Chamber of Commerce & Industry Shri Brij Bhushan Agarwal Shri Bhagwandas Agarwal Shri Deepak Kumar Agarwal Shri Mahesh Kumar Agarwal Shri Mahendra Kumar Agarwal Shri Manish Agarwal Shri Niranjan Kumar Agarwal Shri Rakesh Agarwal Shri Ramesh Kumar Agarwal Shri Ravi Agarwal Shri Sandeep Agarwal Shri Shyam Agarwal Shri Suresh Agarwal Shri Arvind Agrawal Shri Abhishek Bagaria Shri Surya Prakash Bagla Shri Manish Kumar Baid Shri Pulkit Baid Shri Santosh Bajaj Shri Devesh Bansal Shri Sunil Bansal Shri Tushar Basu Shri Manoj Kumar Beria Shri Lalit Beriwala Shri Vishnu Kumar Bhandari Shri Sanjay Bhalotia Shri Arun Kumar Bhuwalka Smt. Mamta Binani Shri Srinjoy Bose Shri Norat Mal Bothra Shri H.P. Budhia Shri Pulak Chamaria Shri Ravindra Chamaria Shri Gyanesh Chaudhary Shri Sudeep Chitlangia Shri Arun Kumar Dalmia Shri Arpit Dhandhania Shri Kaluram Dhariwal Shri Kamal Kumar Dugar Shri Tulsi Kumar Dugar Shri Alok Garodia Shri Devendra Goel Shri Prahlad Roy Goenka Shri R.S. Goenka Shri Amit Goenka Shri Girdhari Lal Goenka Shri Sanjay Goenka Shri Kailash Chand Goyal Shri Chandra Kumar Jain Shri Ravi Jain Shri Sanjay Jain Shri Sanjay Kumar Jain Shri Aditya Jajodia Shri Ajay Jalan Shri Arun Kumar Jagatramka Shri Munish Jhajharia Shri Srivatsa Kajaria Shri Nirmal Kaushik Shri Bimal Kumar Kejriwal Shri Sharad Kumar Khaitan 8 Annual Report 2017-18 Merchants’ Chamber of Commerce & Industry Shri Rajendra Khandelwal Shri Manaswy Kothari Shri Rishabh Kothari Shri Sanjib Kothari Shri Smarajit Mitra Shri Banwari Lal Mittal Shri Rajesh Mittal Shri Krishna Modi Shri Ravi Modi Shri Prakash Kumar More Shri Mahesh Pansari Shri Ashok Pareek Shri Pawan Kumar Patodia Shri Sanjib Kumar Patwari Shri Lavesh Poddar Shri Rajesh Poddar Shri Subir Poddar Shri Sushil Poddar Shri Sanjay Rasiwasia Shri Santosh K. Roongtaa Shri Rahul Saraf Shri Samir Saraff Shri Amit Kumar Saraogi Shri Neetish Sarda Shri Nimish Saraf Shri Sandeep Seksaria Shri Alkesh Sharma Shri Vicky Raj Sikaria Shri Taranjit Singh Shri Pradeep Kumar Singhania Shri Akhil Sonthalia Shri Jyoti Vardhan Sonthalia Shri Kiran Kumar Sonthalia Shri Sanjay Sureka Smt Priti Sureka Shri Rajeev Swaika Shri Pawan Tibrewalla Shri Ashok Kumar Todi Shri Pradip Kumar Todi Shri Adarsh Tulshan Shri Sharad Varma Secretariat Director General : Shri Souvik Banerjee Deputy Director General : Shri M.C. Das Deputy Director General : Shri S. Roy Asst. Director General : Smt. Munmun Banerjee Senior Deputy Secretary : Shri Sushantjit Dey Deputy Secretary : Shri Rajiv Mukerji Assistant Secretary : Shri Arijit Dey Annual Report 2017-18 9 Merchants’ Chamber of Commerce & Industry 116th ANNUAL SESSION INAUGURAL SESSION Camps were still being held in the rural areas for educating the business community. He was The 116th Annual Session of Merchants’ hopeful that GST would become so simple that Chamber of Commerce & Industry was even a child would be able to understand and held with Shri Shiv Pratap Shukla, Hon’ble handle it. Even in a small country like Singapore, Minister of State for Finance, Government of it took four years to stabilize, he informed the India, as the Chief Guest on 29 November, House. 2017 at Hotel Taj Bengal. On Non Performing Assets (NPAs) by Addressing the Session, Shri Shukla said banks, the Hon’ble MOS was of the opinion that that under the dynamic leadership of the Hon’ble banks, nationalized banks in particular, would Prime Minister, Shri Narendra Modi, around 9 have to deal with the issues in an effective cr. 56 lakhs employment opportunities were manner. They should improve their performance created in the last three and a half years, which to resolve the issue of stressed assets. included self employment opportunities as well. Referring to a Rs. 2.11 trillion recapitalization In line with Modiji’s concept of sustainable and support of the Central Government towards the inclusive development of the economy covering nationalized banks, he said that the Centre had even the poorest of the poor, micro & small loans done enough to provide support to these banks were given for the marginalized class, including to help them meet their capital requirements, women. He mentioned that opening of Jan otherwise banks would not have been saved. Dhan accounts were of much importance, till This, however, could not be a repetitive exercise. today around 35 cr. zero–balance accounts had Banks would have to sustain on their own and been opened. should not make it a ‘tradition’ to depend upon He observed that Goods & Services the Government. Problems arose because Tax (GST) would soon become a “good and banks went ahead with giving huge amounts simple tax”, as the issues were being handled of money to the entities, without proper due effectively by the Government authorities. He diligence, he pointed out. felt that the transitional problems relating to The Minister asserted that the micro, imposition of GST would fade away with the small and medium enterprises (MSMEs) would passage of time, hopefully by March 2018. Post continue to be the priority sector for the Central Guwahati meet, tax rates on many products Government. were lowered from 28% to 18%. Among other issues that were addressed was the ease of He spoke strongly about the growth filing, monthly returns had been changed to potential of West Bengal and assured all help quarterly returns, he said. and support to the activities of the Chamber. There were still some problems in the rural Earlier, in his Presidential Address, Shri and semi-urban areas, where there had not Hemant Bangur spoke about the robust been much of computer literacy, he observed. Indian macro-economic parameters, clarion call 10 Annual Report 2017-18 Merchants’ Chamber of Commerce & Industry by the Hon’ble Prime Minister to make “Make in that the Corporate Tax rate should be brought India” a success, imposition of GST, NPA issues down to 25% over the next 3 years, from the of banks and lack of availability of collateral– current level of 34.6%. On West Bengal, he free loans for MSMEs. He said that one of the felt that with the right push, the regeneration major puzzles about the recent trends was with process of the state could sustain a double digit respect to manufacturing output. For April – growth. September 2017, factory output growth stood at The Session ended with a hearty Vote of 2.5%, as compared with 5.8% recorded in the Thanks by Shri Ramesh Agarwal, Senior Vice same period last year. The President suggested President & President–Elect of the Chamber. 116th ANNUAL GENERAL MEETING 23rd September 2017 at MCCI Conference Hall Shri Hemant Bangur, President took the Chair in terms of Article 16(a) of the Articles of Association of the Chamber. Shri Surendra Keyal, Hony Secretary read out the Notice dated September 8, 2017 which informed all Members of the 116th AGM. Agenda wise 5 resolutions were passed: RESOLUTION No. 1: APPROVAL AND ADOPTION OF ANNUAL REPORT OF THE COMMITTEE FOR THE YEAR 2016–17 “RESOLVED THAT the Report of the Committee for the year 2016–17 be hereby adopted.” Proposed by : Shri A R Sonthalia Seconded by : Shri Suresh Jhunjhunwala The Resolution was put to vote and carried unanimously. RESOLUTION No. 2 : APPROVAL AND ADOPTION OF FINANCIAL STATEMENTS OF THE CHAMBER FOR 2016–17.
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