For Private Circulation only CHAMBER BOMBAY REVIEW Vol. XVINo.3June2020 BOMBAY CHAMBER MEMBERSHIP
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RENEWAL OF MEMBERSHIP FOR THE YEAR 2020-21 Please Contact – Ms. Meena Kesarkar, [email protected], M-9172273813 Contents Vol. XVI Edition No. 3 June 2020
Chamber Happenings - Webinar on "The Indian Economy During and After COVID-19" ...... 04 - Webinar on "HR Issues faced by Employers during COVID 19 Lockdown"...... 05 - Webinar on “Activating Trade within Pandemic Crisis” ...... 06 Editorial Team - Webinar on “How to Survive during and after COVID-19: - Mr. Sandeep Khosla, Challenges and Opportunities for MSMEs” ...... 07 Director General - Workshop on - Ms. Usha Maheshwari, “Opening the Mind after the Lockdown” ...... 08 Executive Director - Webinar on “How will the Agriculture Value Chain Benefit - Ms. Suchita Rale, the Farmers on the Backdrop of Covid 19” ...... 09 Asst. Manager - Webinar on “Globalization, Trade and - Ms. Nawaal Sunke, Indian Economy Post COVID-19” ...... 10 Executive - Webinar on “Mental Health during COVID 19 Crisis” ...... 11 Published and Printed - Virtual Session on by Bombay Chamber of ''How Taxpayers can Leverage on GST?'' ...... 12 Commerce and Industry - Webinar on “Overview on Latest Notifications, Circulars, Admin.Office : Rules in DGFT, Customs, GST for Exporters & Importers” ...... 12 The Ruby, 4th Floor, N.W., Senapati Bapat Marg, 29, - Webinar on (Tulsi Pipe Road), Dadar (W), “Recalibrating the Media Landscape” ...... 13 Mumbai 400 028. - Webinar on Tel. 022-6120 0200, "Incoterms(R) Rules and Update on Incoterms(R) 2020" ...... 14 Fax. 022-61200213. www.bombaychamber.com - Webinar on “Export Incentives” ...... 14 Regd. Office : - Webinar on "Mental Health and Mackinnon Mackenzie Building, Coping in the Current Context of the COVID 19 Pandemic for 3rd Floor, Ballard Estate, Workplaces" for Smollan India Pvt. Ltd...... 15 Mumbai 400 001. Tel. 022-4910 0200, - Webinar on "Recalibration of the Film Business – Fax. 022-4910 0213 The Way Forward"...... 16 Note : - Webinar on General articles published in “CSR Policy to Practice in Current Times” ...... 17 this Review do not necessarily - Webinar on reflect the view of the Bombay “Creating Tobacco Free Workplace and Workforce”...... 18 Chamber of Commerce and Industry. - Webinar on “GST for Exporters” ...... 19 Design and Printed at : - Bombay Chamber's Memorandum and Representations...... 20 Uchitha Graphic Printers Pvt. Ltd.
June 2020 3 Webinar on "The Indian Economy During and After COVID-19" 20th April 2020
Bombay Chamber organised a Webinar on “The Indian Economy During and After COVID- 19” with Dr. Pronab Sen, Head Standing Committee of Economics Statistic, Ex Secretary, Ministry of Planning & Programme Implementation, Ex Chairman, National Statistical Commission of India as Guest Speaker. Mr. Vijay Srirangan, Director General, Bombay Chamber welcomed the speakers and the participants and requested Dr. Sachchidanad Shukla, Chairman , Banking Finance and Economic Affairs Committee, Bombay Chamber and Chief Economist, Mahindra Group to set the context. Dr. Sachchidanad Shukla, set the context and gave a short description of the topic that was to be but there is enough damage happening there discussed and requested Dr. Pronab Sen to further as well particularly in the upstream activities. explain the said topic in detail. If you really want to track what is going on the sensible way of doing that is really to look at Key takeaways from Dr. Pronab Sen- what is happening to the inventory position of the companies. Now this is something that the 1. The Central government has done very little in banks can easily do, whoever the banks have terms of supporting the economy. All the heavy given loan particularly working capital loans the lifting has been done essentially by the RBI. banks can simply compile the results as per their 2. The survival of the productive capacity of the inventory position that's going to be as sensible company is at the moment driven by the RBI and a measure as you can get as to what is the the directorates it has issued. damage and where are you going. 3. In this kind of situation RBI needs to de risk the 6. It is one thing to be able to start the production banks and the Financial institutions and there are operation. It's entirely a different thing to make two ways of doing it- sure that the entire value chain is working Provide Guarantees smoothly, that's in fact a much more difficult proposition. So what I would very strongly For a limited period of time make the urge all companies to do is to please keep in moratorium steps mandatory so the banks constant touch with the people in the value chain can say we did not necessarily want to do both in upstream and downstream so that you it you made us do it have some sense of what you as an individual 4. If the banks start growing triage now we will company needs to do to keep in sync because not have measure of how damage can and will if you are not in sync you are again going to be occur. in trouble. 5. Everybody is getting hit. Those who are in the Mr. Sandeep Khosla, Director General (Designate), essential sectors are supposed to be exempt Bombay Chamber delivered the Vote of Thanks.
4 BomBay ChamBer review Webinar on "HR Issues faced by Employers during COVID 19 Lockdown" 24th & 30th April 2020
Bombay Chamber organised an Interactive Webinar capable of working from home, can refuse to do on ’HR Issues faced by Employers during COVID 19 so on the grounds that employees whose duties Lockdown’. cannot be performed from home are also getting Following the pandemic COVID19 that is on a wages and he needs extra payment? rampage, with all its unpredictability and uncertainty • Whether wages are payable when there is threatening the lives of countless individuals, the inability to report for work when no transport Government has had to issue several directives to cut facility is available though employer’s down social interaction and mobility. The imperatives establishment is open. to shut down every shop and establishment, small or big, curtail transport services and urge people • Rights of the employer where an employee to work from their homes wherever possible have chooses to stay away on account of fear of become the need of the hour. The duration of the the pandemic, family pressure. Situations in lockdown had been extended till 3rd May 2020. essential services. Speaker Mr. Lancy D'Souza, Advocate High Court • Can an employer, in essential services, permit an & Legal Advisor, Bombay Chamber of Commerce employee to use his accrued leave in case he is & Industry addressed a host of following HR not able to report? related issues that have shown up which have legal implications that are of concern to the Managements • If the lockdown continues for a reasonable and of every industrial establishment. limited period, rights of employer to resort to: Issues of concern: Lay-off, • Whether wages are legally payable for such Retrenchment or periods of forced lockdown? Closure. • Legal effect of Advisories issued by the Central • Whether such measures are permissible if the Government for protection of employment and lockdown continues for a longer duration? wages of employees. • Whether an employer can enter into an • Legal effect of the orders dated 31st March 2020 agreement/settlement with his employees for issued by the Government of Maharashtra under reduction or deferment of wages? Section 24 of the Disaster Management Act, • If an employee in essential services reports 2005. for work and contracts COVID 19 will it be • Whether an employee in essential services can considered as an ‘accident arising out of and be compelled to report for work? in the course of employment’ rendering the employer liable for compensation and special • Whether an employee in non-essential service, leave?
June 2020 5 Chamber Happenings Webinar on “Activating Trade within Pandemic Crisis” 27th April 2020
India is planning carefully for the short term and JNPT spoke about Short term and Medium term long term impact of this crisis. The role of the measures taken by Ports to ensure safer and Tax and the Port AuthoritIes is very critical for the efficient shipping and Exim Cargo Logistics during Supply Chains as well as Logistics sector. JNPT lockdown period and thereafter. Dr. John Joseph, is one of such large organisations that represents Member (Tax Policy), Central Board of Indirect India’s efficiency for “Trading across Borders”. Taxes and Customs (CBIC), Ministry of Finance Central Board of Indirect Taxes and Customs spoke on CBIC’s initiatives to ensure Ease of (CBIC) is another agency to which customers of Doing Business. Mr. Anil Radhakrishnan, Founder, the trade, ie. exporters and importers look forward Accex Supply Chains and Mr. C. R. Nambiar, CEO, to the support and guidance. Seahorse Ship Agencies Pvt. Ltd. raised various concerns of the exporters/importers/intermediaries. Bombay Chamber was grateful to have senior Capt. R. R. Iyer, Senior VP, Seahorse Ship Agencies representatives of these two organisations for a Pvt. Ltd. moderated the panel discussion. webinar. The introductory remarks were given by Mr. Vijay Srirangan, Director General, Bombay Participants appreciated the initiatives of Govt.’s Chamber. Mr. Sanjay Sethi, IAS, Chairman, initiatives for easing of trade.
Centre for Mediation & Conciliation (CMC)
CMC has been actively spreading awareness about mediation to resolve disputes even in the time of lockdown. CMC has successfully conducted and concluded remote mediations over audio and/or video conferencing. CMC has conducted webinars with expert speakers, published articles and interviews pertaining to issues or disputes and their resolution in times of COVID19. CMC, in collaboration with BW Business world, has launched an "Access to Justice" campaign for providing remote mediation services for resolving disputes.
For details please visit : http://www.bombaychamber.com/discussion-forum.html?category=NjQ=
6 BomBay ChamBer review Webinar on “How to Survive during and after COVID-19: Challenges and Opportunities for MSMEs” 28th April 2020
Bombay Chamber of Commerce and Industry 4. GoI package for SME and MSME wherein organised a Webinar on “How to Survive during targeted capped subsidies can be given for and after COVID-19: Challenges and Opportunities further employment generation. for MSMEs” with guest speakers Dr. Soumya 5. To handle MSME on a short term basis we Kanti Ghosh, Group Chief Economic Adviser, State need to have a restructuring policy, RBI is Bank of India, Mr. Nagraj Garia, MD, CEO, IDBI likely to come out with some restructuring Capital Markets and Securities Ltd. and Mr. Amey policy for restructuring of the credit exposure. Belorkar, Former, SVP- SIDBI, Venture Capital. 6. MSME entrepreneurs can take loan against Mr. Vijay Srirangan, Director General, Bombay their shares, gold’s and insurance policy and Chamber welcomed the speakers and the most of them don’t know that they can take participants and requested Dr. Vinod Chopra, MD, loan against their surrender value. Sai Industrial Alliances Pvt. Ltd. to set the context. 7. Government is creating a special fund for Dr. Vinod Chopra, set the context and gave a short MSMEs; MSMEs are allowed to take 20% description of the topic that was to be discussed additional credit which is backed by CGTMSE. and requested the speakers to further explain the said topic in detail. 8. Also apart from this a special credit line which the government has established is called Key takeaways COVID credit line and they are also thinking of 1. MSME is very important long time after the creating a special fund which will buyout the crisis because given that 60% of India's defaults or maybe support the defaults for the economy is service sector, if you don’t MSMEs. support the service sector the impact on the 9. Opportunities for MSMEs post COVID-19 can economy will be significantly more than the be in the defence sector. Auto sector and global financial crisis. engineering can diversify and focus on export, 2. Support through banks in India by providing and can also move towards toy manufacturing adequate liquidity- by RBI, by providing Risk which is now dominated by China at his Capital- by government. moment but India can also manufacture and export to Europe and other countries. 3. Government can provide the Risk Capital in two ways- 10. Government should come out with some sort of package for the construction sector. Approx • Capitalize Public sector banks- The 35,000 crore construction employee welfare capitalization should be linked to credit fund is available in the country and even if growth they use a part of it to stimulate the sector • Provide guarantee cover to the additional then they will be in a position to manage. funding extended by the banks Mr. Rajan Raje, Group CEO, Nichem Solutions • MSMEs through CGTMSE scheme but & Chairman, MSME Forum, Bombay Chamber augmentation of capital is required delivered the Vote of Thanks.
June 2020 7 Workshop on “Opening the Mind after the Lockdown” 28th April 2020
Currently everyone of us is concerned about Dr. Nadakari spoke that an entrepreneur does COVID -19 and existing lock down. There are not only strive for growth but also creates predictions of the economic recession in the wealth. These are certain aspects which make coming months. In this scenario, it's observed that entrepreneurs different from traders. He is SMEs, Entrepreneurs and Corporates are under already well equipped with integration of emotion, pressure. We, as individuals too observe a lot of integration of team etc. but this is the time where anxiety due to increasing uncertainties. he needs to ‘believe in his/ her specialness’. One needs to develop their own coping mechanism To prepare people to deal with unexpected i.e. conversion of emotions from Intolerable to scenarios and unprecedented opportunities, the tolerable, ensure a realistically positive approach, Education and Skill Development Committee of the build trust amongst colleagues etc. by delegating Bombay Chamber of Commerce & Industry had more and order the least. Hence values such participants from diverse industry backgrounds. as empathy, compassion, strong self image The workshop was conducted by a Legendary and collaborative approach are of immense Mental Health Practitioner- Dr. Anand Nadkarni, importance here. He insisted on “resilience” Managing Trustee, Institute for Psychological which is a combination of determination, courage, Health. commitment, and collaboration. He warned that The session started with a welcome note by ‘‘Every new skill requires a mindful rehearsal.’’ Mr. Vijay Srirangan, Director General, Bombay Mr. Sandeep Khosla, Director General Designate Chamber. Mr. Rajan Raje, Board Member, Bombay delivered Vote of Thanks to Dr. Nadkarni and the Chamber set the tone of the session and Mr. Pravin participants. Rane, Joint Director, Bombay Chamber gave a brief introduction of Dr. Anand Nadkarni. The session was moderated by Capt. Nikunj Parashar, Founder, Sagar Defense Engineering and Member of Startup Forum, Bombay Chamber and Mr. Amit Sarda, MD, Soulflower Ltd.
Updated Government Notifications/Orders
Please visit - http://www.bombaychamber.com/news.html
8 BomBay ChamBer review T 30th April2020 Covid 19” Backdrop of the Farmers on the Benefit Chain Agriculture Value “How willthe Webinar on aiu mtos h idsre o SE’ can scenariotohelpand come togetherinthiscurrent SMEs’ or industries the methods various lockdown hadcreatedand the impact the on the mainly wasfocussed ofdiscussion topic The Director,MahaFPC. Managing Yogesh Thorat, Mr. and Corporation Development Cooperative Maharashtra Director, Managing Akre, Milind Mr. speakers.: the with along Maharashtra of Govt. Marketing), and (Agriculture Secretary Chief Additional Former S.K. Dr. I.A.S. wasGoel, session the for Moderator The Nichem Solutions. CEO, Raje, Rajan Mr. by delivered were The openingremark and setting of thetheme 19”. Covid of backdrop the on farmers the benefit Chain Value conducted aWebinar on“HowwilltheAgriculture of BombayChamberCommerceandIndustry he AgricultureandFood Processing Committee very encouraging. very attended thewebinarandoverallfeedbackwas fromvariousagriculturesectors had Participants community. farmer the to crisis economic and whichcan,inmostsituation create harvest produce, hencecreatingahindranceintheiroverall to wastageoftheir is leading which transportation in difficulties facing to are farmers due the lockdown the that out pointed also Thorat Yogesh Mr. buyers. the and farmers the toconnect and histeamhave created a platform he how on experience his shared Akre Milind Mr. information. outflow and inflow logistics, warehousing access tocreditand limited labour,including machinery, movementoffarm level level, post-harvest consumers atthefarm aswellthe challenges faced bythefarmers new the on highlighted also It consumers. the with by directly connecting them thefarmers support June 2020 9
Chamber Happenings Webinar on “Globalization, Trade and Indian Economy Post COVID-19” 1st May 2020
Bombay Chamber organized a Webinar on 6. Today roughly 35-36% of our economy excluding “Globalization, Trade and the Indian Economy Post FDI consists of Foreign Trade both goods COVID-19 on 1st May 2020 with Dr. Rajat Kathuria, and services and China is our largest trading Director and Chief Executive, Indian Council for partner. We will need international trade; we Research on International Economic Relations as will need the rest of the economy if we aspire guest speaker. to become the fastest growing economy in the Mr. Sandeep Khosla, Director General Designate, world. Bombay Chamber welcomed the speakers and the 7. International trade is much more volatile than participants and requested Dr. Sachchidanad Shukla, GDP because of the existence of the Global Chairman, BFE Committee, Bombay Chamber, Chief Value Chain. Economist, Mahindra Group to set the context. 8. Today trade is falling, today we are looking at Dr. Sachchidanad Shukla, set the context and gave much larger number for the decline in trade a short description of the topic that was to be volume because it’s not only a demand side discussed and requested Dr. Rajat Kathuria to further shock that we are seeing, we are seeing explain the said topic in detail. essentially a supply side Key takeaways 9. It has affected the production and that 1. WTO expects World trade volume to fall by 13% production shock has also translated into a in the optimistic scenario and in the pessimistic demand shock and the supply side shock is not scenario they expect it to fall by 30-32% in only a goods shock, it is also and primarily a 2020. supply side shock as well because you cannot 2. Global Portfolio flows set to decline by 80%, FDI travel logistics out of the factories you have to by 35% & Remittances to fall by $100bn. maintain social distancing. 3. India’s remittances are estimated to fall by 10. The good news is the fact that we have the ~23% to $64bn in 2020. experience of the global financial crisis of 2008, of course we didn’t live through it but 4. IMF has forecasted India’s GDP to grow in the the depression is something also that people region of 1.8-1.9%. If India manages to retain are comparing this episode with, but if we go its current level of GDP going forward it will be back to 2008 and look at the global response quite an achievement. the G20 got activated and decided that they are going to do something in the face of the 5. India’s exports today have a huge component common shock to try and revive the economy. of imports or what economists call ‘Backward Linkages’. Backward Linkages for India’s Mr. Vijay Srirangan, Director General, Bombay exports have grown steadily and are very high Chamber delivered the Vote of Thanks. and that is what has given us a competitive advantage.
10 BomBay ChamBer review Webinar on “Mental Health during COVID 19 Crisis” 9th May 2020 Bombay Chamber of Commerce & Industry emphasises on keeping connected with people organised a Webinar on Mental Health during COVID virtually in this crisis situation. She explained how 19 Crisis. The objective of the webinar was to help to manage work from home. She spoke about how people understand mental health during crises and we can cope up with uncertainty and anxiety and share tools and mechanisms to deal with challenges what are steps to take to deal with these emotions. related to fear, stress, anxiety, depression during She stated that it is important to ourselves to keep lockdown. discipline, do exercise, meditation etc. She also stated that anticipating stress is important. She Mr. Sandeep Khosala, Designate Director General, also gave few tips and tools to deal with these Bombay Chamber welcomed delegates and speakers stress & emotions such as and briefed them about the history of Bombay Chamber. 1. Live in here and now & avoid lockdown breakdown Mr. Shrikumar Narayanan Parappurath, Global HSE & BC Business Partner, Novartis India Ltd. delivered the 2. Show empathy - See world beyond ourselves theme address. He stated that the impact of COVID 19 Crisis is high on individuals, families and society’s 3. Way the possibilities vs probabilities will mental health and it is important to address this issue bringdown fear of unknown by creating awareness among people. 4. What we resist we persist Ms. Sangeeta Chandran, is Global Head of TCS Cares, the mental health and well-being program at Tata 5. Rounding techniques Consultancy Services stated that mental health is She ended the session by stating that this is a equally important like physical health and we should pandemic and it is an extraordinary situation and treat mental health the same as we treat physical such situations need extraordinary response & health. She spoke about how to deal with our Mental that response can be taking care of ourselves, our Health during COVID19. She stated that WHO reports family or community. It's time to think about these says that 1 of 4 people in the world faces some levels things and make huge changes in how we live. of mental health issues. She explained that fear of Corona is very high among people so people need The webinar was very useful and interactive. At to understand basic science behind fear and what the end Ms. Usha Maheshwari, Executive Director, governs it and then act from the point of view of Bombay Chamber of Commerce and Industry awareness and consciousness to deal with this fear. delivered a vote of thanks to all speakers and She touched upon the impact of social media on our delegates. And Mr. Vijay Srirangan, Director General, mental health. The emphasis on physical distancing Bombay Chamber sums up the session with his in Covid crisis rather than a social distancing. She poetry.
June 2020 11 Chamber Happenings Virtual Session on ''How Taxpayers can Leverage on GST?'' 12th May 2020
GST is continuously evolving and the GST payer is required to meet compliance on a continuous basis. During the current challenging times of the coronavirus pandemic, it is becoming increasingly critical for Tax Heads, CFOs, Finance Controllers etc to understand the GST law, ongoing technology transformations as well as global VAT/ GST. Thus, to proactively manage the annual return and to help understand the key advance rulings, Bombay Chamber of Commerce & Industry organised a Virtual Session on GST.
It was an informative and comprehensive session which covered topics ranging from recent relief by the Government with respect to GST, key amendments during COVID-19 & certain measures introduced by GST Council to help the taxpayers cope –up with the current pandemic.
Overall the webinar was interactive and received a very positive response from participants employed in sectors such as exporter, importer, manufacturing, insurance and other finance professionals.
The session was facilitated by CA Pritam Mahure, a leading tax consultant and technology advocate. Mr. Pritam has actively contributed on Tax Policy matters and trained more than 20,000 Government officials and professionals on GST/VAT.
Webinar on “Overview on Latest Notifications, Circulars, Rules in DGFT, Customs, GST for Exporters & Importers” 12th May 2020
Bombay Chamber of Commerce and Industry under Mr. Shah explained about the Current Situation of Export International Trade and Commerce Committee organized & Import Trade, Latest Changes in DGFT, Customs, GST a Webinar on Overview on Latest Notifications, & RBI. Circulars, Rules in DGFT, Customs, GST for Exporters & Importers. Mr. Shah further enlightened the delegates with the latest changes and the updates with other agencies. On behalf of Bombay Chamber, Ms. Revati welcomed Mr. Mihir Shah Speaker and the delegates. The webinar ended with a vote of thanks to the speaker and delegates.
12 BomBay ChamBer review T 15th May2020 Media Landscape” “Recalibrating the Webinar on hit. However, he stated that as per latest data, 52% of 52% data, latest per as that stated However,he hit. hasbeen industry radio lockdown the because ofthe radio isconsumedincarsandsincenoonetravelling that been has assumption general the said Mr.Thomas Speaking abouttheimpactonradiobusiness, increasing.” pageviews with pageviews areslow, butadrevenuehasnotkeptpace down, is Fundamentally,circulation worst. to bad from the last two andhalf years, the scenariohasgone Print isnolongergoingtobe thesame, he said, “In time. long a for felt be will effect the and COVID-19 of Varghese sharedthatPrint hasseenamajorimpact Speaking about theprintand printdigital business, does business not”. but rocks lockdown during TV 35%. by dropped has advertisers of count The advertising. year hasimpacted absence this we hadIPLandits year,Last and period. same the for volume 2019 in 36% than lower advertising in 30% has of TV drop advertising. a witnessed for time lowest the probably is such seen not it phenomenal viewinginyearsandunfortunately has “India said Lulla Sunil Mr. Plc). International (Eros EIML CEO-India, Dwivedi, Pradeep Mr. by moderated and Network News Mr.Pandey,AvinashABP and CEO, Thomas, CEO, Reliance BroadcastNetworkLimited(RBNL); Abraham Mr. Express; Indian CEO, Group Varghese, Mr.George BARC, CEO, Lulla, Mr.Sunil like consistingofeminentpanellists industry Entertainment & Media the of aspects all covering panel A high-profile COVID-19. of result a as through going is industry to addresstheissuesMediaandEntertainment a webinar on “Recalibrating the Media Landscape” he Bombay Chamber of Commerce & Industry held Bombay ChamberofCommerce&Industry he make sure nobodyloses out itsmoney, heconcluded. to together work to needs industry The now.” months releases and thetheatricalwindowis outfor a few movie for screen first the become has OTT earlier.Also categories whicharespendingalotmoreondigitalthan are there “Interestingly, back. bounce will categories and travel have cut downtheirexpenses but thatthese also He mentioned that categories like airlines, automobiles increase. substantial a seen has content religious with engagement the that shared Mr.Dwivedi Speaking aboutthetrendsindigitalspace, the that so masses.” the SD by accessed be can content to HD from resolution the reduced have we mind, in bandwidth Keeping consumption. of amounts huge seeing are platforms “All lockdown. OTT the during consumption massive increase ininternet andsaidtherehasbeena data onthedigitalindustry some shared moderator,also the Mr. Dwivedi, Pradeep stream.” revenue has taught usa lesson of not tobedependent onone crisis This out. this balance to television on as and well as ondigital subscription tocharge a model find to need the newsindustry challenge butpeoplein tough for newsisreallya subscription charging platforms In 32%. by where news is freely available on different the country down gone has FCT the whereas 136% by up gone this have news in Hindi 15% in to “Impressions period. 7% from grown has genre news the that said who Pandey news Avinash Mr. on was broadcasting COVID-19 of impact the about Speaking SEC. the across is hike the and metros six in spent time in increase 28% a been has There said. areachof51millionduringthelockdown,he garnered has Radio FM mobile. on happens consumption radio June 2020 13
Chamber Happenings Webinar on "Incoterms(R) Rules and Update on Incoterms(R) 2020" 16th May 2020
Bombay Chamber of Commerce and Industry Mr. Shah further enlightened the delegates with the organized a Webinar on Incoterms(R) Rules and Update Examination of the Various 11 Incoterms(R) Rules 2020 on Incoterms(R) 2020. with respect to Obligations, Costs and Risks.
On behalf of Bombay Chamber, Ms. Revati welcomed The webinar ended with a vote of thanks to the speaker Mihir Shah Speaker and the delegates. and delegates.
Mr. Shah explained about the concept of Incoterms(R) Rules. The update on Incoterms(R) Rules 2020, Key Features in Various 11 Incoterms(R) Rules 2020.
Webinar on “Export Incentives” 19th May 2020
Bombay Chamber of Commerce and Industry organized a Webinar on Export Incentives. On behalf of Bombay Chamber, Ms. Revati welcomed Mr. Mihir Shah Speaker and the delegates.
Mr. Shah explained about the Overview of Various Export Incentives, EPCG Scheme, Advance Authorisation / DFIA,Duty Drawback, Chapter 3 Schemes - MEIS/SEIS/ Status Holder Scheme.
Mr. Shah further enlightened the delegates on the Future Position on MEIS and Change to RoDTEP, TMA & RoSCTL and the Current Updates and Challenges.
The webinar ended with a vote of thanks to the speaker and delegates.
ONLINE CERTIFICATE OF ORIGIN SERVICE
The Chamber adapting itself to this COVID-19 situation, took the initiative to issue Digital Certificate of Origin for supporting our members from the exporter community. Currently, we have issued a few thousand digital certificates to over 200 companies. We would also like to inform you that continuing our digital certification drive, the Chamber has resumed issuance of CO office from Ballard Estate from 8th June 2020 and the working hours are from Monday to Friday from 10.00 a.m. to 3.30 p.m.
For Details Contact: Mr. Pran Daniel, Jt. Director, M – 9821072396, [email protected]
14 BomBay ChamBer review Webinar on "Mental Health and Coping in the Current Context of the COVID 19 Pandemic for Workplaces" for Smollan India Pvt. Ltd. 26th May 2020
Bombay Chamber of Commerce & Industry organised the current scenario. They touched upon topics like a Webinar on Mental Health and Coping in the current Understanding Mental Health, What influences our context of the COVID 19 Pandemic for Workplaces Mental health and emotions, Workplace strategies for staff of Smollan India Pvt. Ltd. Ms. Erinda Shah is to assure wellbeing during this time, Mental Health the Founder and the Managing Director of MHFA India and COVID-19 - how it is influencing our emotions & Ms. Uma Suresh is a clinically trained Psychiatric and mental health, How Mental Health problems can Social Worker, Senior – Mental Health First Aid Officer manifest and how one can Cope in the situation: Do’s of MHFA India were speakers for the webinar. They & Don’ts. The webinar was attended by employees of started the session by giving a general understanding Smollon India Ltd. The Webinar was very useful and about mental health and focused on the psychological interactive. impact of the Pandemic and how one could cope with
Bombay Chamber's Legal and Labour Advisory Services (LAS)
LAS department has been regularly supporting members by providing opinion and advisory to our members on recent issues. All Advisories and Notifications relating to COVID-19 issued by the Centre, State Governments and other Regulatory Authorities are regularly uploaded on our website - http://www.bombaychamber.com/service?labourAdvisory.html Chamber Happenings June 2020 15 Webinar on "Recalibration of the Film Business – The Way Forward" 27th May 2020
The Bombay Chamber of Commerce & Industry organised a Webinar on “Recalibration of the Film Business – The Way Forward” with high-profile panel covering all aspects of the Business of the Indian Film Industry.
The Indian Film Industry, the most prolific and largest in the world, like other industries is calibrating to cope with the new normal in a post-Covid world. While there are a lot of films awaiting release, there are some, still stuck in various stages of production and with theatres right now as to how much is going to be an impact under an unprecedented lockdown the question of the on domestic theatrical business, overseas theatrical right time and platform to release films has never been business or even satellite business. Even if we start at more pertinent than it is today. Big-ticket films like the end of the year, we will lose atleast 6 months value Rohit Shetty's Sooryavanshi and Kabir Khan's 83 await chain of the entire year which has an impact on the job, a theatrical release while others like Gulabo Sitabo are unorganized sector of employees, music industry etc. looking to OTT platforms to reach their audience. Mr. Kamal mentioned that the exhibitors are right now The panel was moderated by Ms. Priyanka Sinha Jha, focussed on having cinemas up and running. As soon Leading Entertainment Content Strategy & Partnership as we are allowed to open, the first lot of people going Consultant, Event Curator, Anchor-Moderator, Columnist for the movies should walk away that the cinemas have and Author and consisted of Mr. Shibasish Sarkar, got their act together, and customers feel protected. Group CEO – Content, Digital & Gaming, Reliance He mentioned that they are trying to see that all Entertainment, Mr. Kamal Gianchandani, CEO – PVR safety protocols are in place and are in talks with the Pictures and Chief of Strategy, PVR Ltd. and Mr. Dinesh production community, distribution community and Vijan, Producer & Director, Founder – Maddock Films. also in dialogues with the government for the same. He mentioned that since Cinema provides escapism Ms. Priyanka mentioned that the Film Industry was one in these times, it has always managed to bounce back of the champion industry and requested the panelists to after every crisis and they come out even better. speak on where they see the film industry in terms of getting back at this stage and also how their budgets Mr. Dinesh mentioned that they are trying to analyse will be affected. where we are right now and how to get back to work. He mentioned two very strong theories in the business Mr. Shibasish mentioned that the Film Industry has – one is protecting the balance sheet and the other is shown a very decent growth in the past two years. It taking care of the pre-covid and post-covid audience. has been hit very badly now, as all shooting have been He also mentioned that the entire film industry has to stopped. He also mentioned that they do not foresee come together at this time to make shoots possible, any content for new films. It will be a 9-12 months wait budget cuts cannot compromise quality. He mentioned now for any new films as currently there is no visibility that 2020 is all about survival.
16 BomBay ChamBer review Webinar on “CSR Policy to Practice in Current Times” 27th May 2020 Bombay Chamber of Commerce & Industry organised Ms. Gurvinder B. Parmar, Technical Director, a Webinar on CSR Policy to practice in current times. International Tax and Regulatory, BSR & Associates Ms. Usha Maheshwari, Executive Director, Bombay LLP gave an update on CSR policy and Legal Chamber, welcomed delegates and speakers and Implications. She spoke about key amendments through briefed them about the history of Bombay Chamber. the Companies Amendment Act, 2019, key amendments through the Companies (Amendment) Bill, 2020, The objective of the webinar was to help the CSR Proposed amendments to CSR rules, various MCA professionals to unlock the queries one faces clarifications. She also touched upon CSR amendments between policy and implementation of socio-economic post Covid-19 such as development programs in the organization. Funds spent for Covid-19, under schedule VII of Dr. Meena Galliara, Director, Jasani Center for Social Companies Act eligible CSR activities. Entrepreneurship & Sustainability Management, NMIMS spoke about HLC report 2019 on CSR. She stated that Contribution to PM CARES considered as CSR the culture of being responsible to the society is being activity (100% deduction). gradually imbibed by more and more companies each year. She spoke about CSR expenditure and highlighted Contribution to State Disaster Management that according to the report companies spent 67% Authority, Ex-Gratia payment to daily / casual amount on CSR and also mentioned that the report workers covered as CSR. has given the reasons why companies have not spent CM relief Fund / State Relief Fund not covered for prescribed amounts on CSR. She also explained key CSR. recommendations given by HLC. She spoke about legal amendments: July 31, 2019, for CSR amount- to Ms. Madhulika Gupta, Founder, CEO REPUTE Public be spent & unspent amount if any. Further she spoke Affairs & CSR Solutions & Member Executive Council, about proposed rules by MCA in March 2019 as well Indo-American Chamber of Commerce spoke about as recommendations proposed by Bombay Chamber on ‘Employee Engagement and CSR’. She stated that rules proposed by MCA. She also touched upon COVID employee engagement is important to achieve a useful 19 crisis: India Spending on CSR funds. She touched business outcome and it should be a coordinated effort upon compliance & compassion. At the end she in the organisation between top leadership, HR & CSR spoke about the study on society's Expectations from department. Further she stated that CSR is directly Business in Addressing COVID-19 Crisis and CSR as an linked to employee retention, productivity & overall opportunity. She concluded her session by saying that engagement and it is important that companies should align employee engagement with their work priority. Map your field requirements The webinar was very useful and interactive. At the end Keep an eye on legal compliance Ms. Usha Maheshwari delivered a vote of thanks to all Create social impact speakers and delegates.
Time to redraft your CSR policy
June 2020 17 Chamber Happenings Webinar on “Creating Tobacco Free Workplace and Workforce” 28th May 2020 addiction. He also touched upon enforcement of COTPA Act 2003 at State and District Level.
Dr. Sharmila Pimple, Chief of Preventive Oncology, Tata Memorial Center spoke about smoking and smokeless tobacco consumption. She stated that 60% of tobacco consumption is smokeless tobacco consumption. She explained various health problems caused by Tobacco including cancer. She also spoke about oral cancer as well as how smoking tobacco impacts respiratory organs, reproductive health, infant mortality in some cases. She further stated that in COVID 19 situation tobacco Bombay Chamber of Commerce & Industry and Bajaj consumption makes an individual more vulnerable as Electricals Ltd jointly organized a Webinar on “Creating COVID attacks lungs. She explained that it is important Tobacco Free Workplace and Workforce”. to run a programme for employees who want to quit tobacco. At the end she stated that a safe tobacco free The objective of the webinar was to create awareness workplace can not be achieved if there is no tobacco on the ill-effects of tobacco consumption among free employee. corporate and community by creating synergy to take this theme of Tobacco Control program as a mandate Ms. Madhura Talegaonkar spoke about what are steps for their workplace and workforce. Bajaj Electrical ltd. took for tobacco control initiatives. They have started tobacco control initiatives from Ms. Usha Maheshwari, Executive Director, Bombay awareness, counselling to having an Anti Tobacco Chamber welcomed all speakers and delegates and Policy to tobacco free workforce. They give training gave a brief about the Bombay Chamber. Ms .Madhura to employees by partnering with Salam Mumbai Talegaonkar, Head, CSR, Bajaj Electricals Ltd. delivered Foundation. They extended this programme to their an opening remark at the webinar. factory sites as well. They have conducted a mass Dr. Duryodhan Chavan, Assistant Director, Mental media campaign as well as no tobacco consumption Health and Non -Communicable Diseases with the programme at school level on No Tobacco Day. Health Services, Maharahsthra spoke about WHO Dr. Himanshu Gupte, General Manager, Narotam theme for World No Tobacco Day -2020. He stated Sekhsaria Foundation spoke about different programmes that this year's WHO’s theme is for protection of they conduct for no tobacco initiative. They create younger generations, focusing on “Protecting youth awareness among tobacco users as well as non from industry manipulation and preventing them from users as they are part of the ecosystem, reduce the tobacco and nicotine use”. He stated that addiction prevalence of tobacco use with a structured 6 goes to the deepest level of the mind and there is months programme for the workplace and create an every likelihood of it becoming rooted in the deep implementation plan of the programme for employees. subconscious. He also spoke about what are preventive measures taken & activities conducted in Maharashtra At the end Ms. Aneeha Neeraja Rajan delivered a vote at district and state level to protect youth from tobacco of thanks.
18 BomBay ChamBer review Webinar on “GST for Exporters” 30th May 2020
Bombay Chamber of Commerce and Industry organized a Webinar on GST for Exporters.
On behalf of Bombay Chamber, Ms. Revati welcomed Mihir Shah Speaker and the delegates.
Mr. Shah explained about the Basic Understanding of GST, Zero Rated Supply, Refund of Zero Rated Supply, Refund Process under LUT, Refund Process under IGST Paid Refund.
Mr. Shah further enlightened the delegates on Deemed Exports Refund, 0.1% Scheme for Merchant Exporter, Do's & Don'ts for Smooth GST Refund and the Current Updates and Challenges.
The webinar ended with a vote of thanks to the speaker and delegates.
Chamber Events/Webinars
The Bombay Chamber has been conducting webinars on various topics covering areas such as Legal, Taxation, Mediation, Sustainability, Banking and Finance, Media, Films, FemPower, Policy Research, International Trade, Labour Laws, etc. The Chamber has also been conducting in-house seminars earlier and can conduct similar company specific webinars on request.
For upcoming events please visit at http://www.bombaychamber.com/comingevents
June 2020 19 Chamber Happenings Bombay Chamber's Memorandum and Representations
Subject Date Submitted to
Taxation & Accountancy Committee
Request for clarification to April 3, 2020 & Mr. Kamlesh Chandra Varshney Das, I.R.S. facilitate employee contributions April 9, 2020 Joint Secretary – TPL (I) to PM CARES Fund Central Board of Direct Taxes Ministry of Finance, Govt. of India, New Delhi Shri Narendra Modi Hon’ble Prime Minister of India, New Delhi Smt. Nirmala Sitharaman Hon’ble Union Minister of Finance and Corporate Affairs, Govt. of India, New Delhi Dr. Ajay Bhushan Pandey, I.A.S. Revenue Secretary, Department of Revenue Ministry of Finance, Govt. of India, New Delhi Shri P. C. Mody, IRS Chairman, Central Board of Direct Taxes Ministry of Finance, New Delhi
Tax relief for expenditure April 7, 2020 Shri Narendra Modi incurred by businesses towards Hon’ble Prime Minister of India, New Delhi COVID-19 Smt. Nirmala Sitharaman Hon’ble Union Minister of Finance and Corporate Affairs, Govt. of India, New Delhi Shri Yogendra Garg, IRS Principal Commissioner, GST – 1, Central Board of Indirect Taxes & Customs, Ministry of Finance, Govt. of India, New Delhi Shri. M. Ajit Kumar, I.R.S. Chairman, Central Board of Indirect Taxes & Customs, Ministry of Finance Govt. of India, New Delhi Dr. Ajay Bhushan Pandey, I.A.S. Revenue Secretary, Department of Revenue, Ministry of Finance, Govt. of India, New Delhi Shri Kamlesh C. Varshney, I.R.S. Joint Secretary – TPL (I) Central Board of Direct Taxes Ministry of Finance, Govt. of India, New Delhi Shri P C Mody, IRS Chairman, Central Board of Direct Taxes Ministry of Finance, Govt. of India, New Delhi
20 BomBay ChamBer review Policy Research & Development Committee Bombay Chamber’s April 8, 2020 Shri Nitin Gadkari Representation on How to Hon’ble Union Minister Survive during COVID-19 for Ministry of Micro, Small & Medium Enterprises MSMEs Shri Rajgopal Sharma PS to Hon’ble Minister Ministry of Micro, Small & Medium Enterprises Shri Ram Mohan Mishra Special Secretary & Development Commissioner Ministry of Micro, Small & Medium Enterprises Shri Sudhir Garg Jt. Secretary - ARI Ministry of Micro, Small & Medium Enterprises Shri Atanu Chakraborty Secretary, Dept. of Economic Affairs, Ministry of Finance Shri Piyush Goyal Hon’ble Union Minister, Ministry of Commerce & Industry Shri Anup Wadhawan Chief Secretary, Dept. of Commerce, Ministry of Commerce & Industry Corporate Social Responsibility Committee Recommendations on draft April 10, 2020 Ministry of Corporate Affairs (online submission) Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 BCCI Labour Advisory Cell Government Resolution No April 14, 2020 Shri Ajoy Mehta 2020/45-Lab 9 dated 31st Chief Secretary, March 2020- Request for Govt. of Maharashtra clarification Centre for Mediation and Conciliation Reducing the impact of COVID – April 15, 2020 Dr. Pramod Kumar Mishra, IAS 19 Lockdown on the Pendency The Principal Secretary, of Disputes through Mediation The Prime Minister Office, New Delhi Shri Arvind Kumar Sharma, IAS The Additional Secretary, The Prime Minister Office, New Delhi Shri Rajiv Gauba The Cabinet Secretary, Govt. of India, Cabinet Secretariat, New Delhi Shri Ravi Shankar Prasad Hon’ble Union Minister of Law & Justice, Govt. of India, New Delhi Shri Anoop Kumar Mendiratta Secretary, Department of Legal Affairs, Ministry of Law & Justice, Govt. of India, New Delhi Chamber Happenings June 2020 21 Bombay Chamber Review
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