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February 10, 2021 | Rs FTCCI CIN No. U91110TG1964NPL001030 Review The Federation of Telangana Chambers of Commerce and Industry Vol.II. No. 6 | February 10, 2021 | Rs. 15/- FTCCI Union The Excellence Budget Shipping 12 31 34 pg Awards pg 2021 pg sector is at sea February 10, 2021 | FTCCI Review | 1 2 | FTCCI Review | February 10, 2021 February 10, 2021 | FTCCI Review | 3 4 | FTCCI Review | February 10, 2021 FTCCI Review MANAGING COMMITTEE OFFICE BEARERS President Ramakanth Inani Senior Vice-President K.Bhasker Reddy Vol.II No. 6 Vice-President Inside Anil Agarwal February 10, 2021 Immediate Past President Karunendra S.Jasti EDITORIAL BOARD Chief Executive Officer 7 | PRESIDENT’S DESK KhyatiAmol Naravane Chairman CA Arun Luharuka, 8 | POWER NEWS MEMBERS Past President, FTCCI 10 | ECONOMY WatcH CV Anirudh Rao Members Venkat Jasti Dr. M.Gopalakrishna, I.A.S 12 | FTCCI EXCELLENCE AWARDS Manoj Kumar Agarwal (Retd.) Sri Srinivas Garimella, Meela Jayadev Member, Managing 22 | FTCCI PROCEEDINGS Vinod Kumar Agarwal Committee, FTCCI Subba Raj Gowra Editor ARTICLES Lakshmikanth Inani T. Sujatha, Dy. CEO Amdiyala Sudhakar 31 | UNION buDGET 2021 A. Prakash Printed and published by 34 | THE SHIPPING SECTOR IS at SEA Avinash Gupta Tadepalli Sujatha, Dy. CEO Devata Rama Kumar on behalf of The Federation of 44 | FTCCI CLASSIFIEDS Telangana Chambers of Abhishek Tibrewala, Commerce & Industry (FTCCI). 45 | PRESS COVERAGES Sanjay Kumar Agarwal Design & Layout Rupesh Agarwal A.Srinivas Musunuri Ramakrishna Prasad Raj Kumar Agrawal Printed at Sri Jain Printers Suresh Kumar Singhal [email protected] Prem Chand Kankaria Published at P.Prem Kumar Federation House, 11-6-841, Krishna Kumar Maheshwari Red Hills, FAPCCI Marg, Manish Surana Hyderabad – 500004, Telangana (India). V.V. Sanyasi Rao Prakash Chandra Garg Ph: 23395515 to 22 (8 lines) CA Naresh Chandra Gelli V e-Mail: [email protected] website: www.ftcci.in CA Suresh Kumar Jain Challa Gunaranjan The views expressed by CA Abhay Kumar Jain the authors in their articles published in this magazine Radha Krishan Agarwal are their personal views and Dr. K. Narayana Reddy do not necessarily reflect the Bhagwati Devi Baldwa views of FTCCI. CA Ritesh Mittal FEEDBACK P. Krishna We would like feedback/ R. Ravi Kumar comment from readers to enable us to improve our Rajendra Agarwal offering write to us at Srinivas Garimella [email protected] February 10, 2021 | FTCCI Review | 5 6 | FTCCI Review | February 10, 2021 President’s Desk Dear Members he month that’s gone by has witnessed Bharat Yojana, healthcare as several key changes in the perceptions a percentage of the overall and expectations of policy makers as well remains low at 1% for a country as people. The Economic Survey 2020-21 like India and we do hope that Thas predicted a ‘V’ shaped growth, indicating that the sector receives more and economy will witness a sharp increase in the coming more allocations in the coming years after experiencing a sharpest contraction of budgets. 23.9 percent in the first of 2020-21. It is also appreciative factor The projected growth rate of 11.5% for India in 2021 that government is not much by IMF shows the pace at which Indian economy is worried about fiscal deficit. rebounding after most unfathomable global health When the country has a emergency experienced in modern history across large workforce employed in the world. India is the only major economy of the the informal sector, counter-cyclical fiscal policy world to register a double-digit growth in 2021, IMF becomes even more paramount. As Krugman said, followed by China with 8.1 per cent growth pointed, sustained, productive program of permanent in 2021. stimulus directed towards public investment, in both physical and human capital, is the need of the hour. There is also good news on GST front as in January Thus estimated fiscal deficit of 6.8% for 2021-22 collections touched a high of Rs 1.2 lakh crore which should not worry government. indicates that economic recovery is holding ground post-Diwali season as well. While striving for improving position in Ease of Doing Business rankings, govt of India should focus on Exit The Budget 2021-22 has given right direction to Policy for industries and businesses that is largely achieve growth and deviated from the common a neglected area so far. impression of populist exercise. The Finance Minister has kept the focus on growth and clean book- We started off 2021 on a very positive note and with keeping rather than giving tax-doles. The focus on the Covid-19 vaccine getting administered to all in health care and infrastructure in the allocation of next few months, I am confident that India, already funds help improving the health infrastructure and on to growth track, will speed up the momentum the latter in generation of mass employment. and put behind the low growth rates in the coming years. Considering enormous amounts spent by Central government to combat Covid-19 pandemic, the I congratulate all the FTCCI Excellence Awards trade and Industry feared that the government winners in the various categories and assure that may increase taxes or levy a Covid cess. But to Federation is committed to encouraging talent and the pleasant surprise FM has not resorted to any efficiency. FTCCI thank our young, visionary & additional cess/tax. Dynamic Minister Sri KTR for his gracious presence at the award ceremony. The stock markets, which are one of the barometers to gauge economy, gave thumbs up to budget rising I request all the members to strengthen our voice by whopping 1197 points to reach 49792.72. After and participate in large numbers in all activities of 1999, the markets closed in positive on the budget Federation. day. But, despite a proposed outlay of Rs 2,23,846 crore on healthcare in FY22 and another Rs 64,180 crore Ramakanth Inani that is to be spent on PM’s Atmanirbhar Swasth President February 10, 2021 | FTCCI Review | 7 POWER News Budget 2021: FM announces Union Budget 2021-22: power discoms’ revival scheme India to launch Hydrogen Energy Mission with outlay of Rs 3.05 lakh cr for 5 yrs With the announcement, India has source is seen as the next big thing Experts said the budget puts additional joined the race for producing the as its usage would lead to zero pressure on discoms to improve by next big energy source emissions. With the announcement providing the choice of suppliers Union Minister for Finance Nirmala February 1, India has officially joined to consumers through a special Sitharaman announced that the the race. framework Hydrogen Energy Mission will be “Green hydrogen, produced with Finance Minister Nirmala Sitharaman launched in 2021-22, during her renewable electricity, is projected in her Budget speech announced a budget speech February 1, 2021. to grow rapidly in the coming years. revamped scheme for reform of the “Prime Minister Narendra Modi, while Many ongoing and planned projects power distribution sector that will be speaking at the Third Re-inVest point in this direction. Hydrogen from launched with an outlay of Rs 3.05 lakh Conference in November 2020, renewable power is technically viable crore and implemented over the next had announced plans to launch a today and is quickly approaching five years. comprehensive National Hydrogen economic competitiveness,” a She said the scheme will provide Energy Mission. It is now proposed to 2019 document titled, Hydrogen: A assistance to the discoms for launch a Hydrogen Energy Mission in Renewable Energy Perspective by infrastructure creation including 2021-22 for generating hydrogen from the International Renewable Energy prepaid smart metering, feeder green power sources,” Sitharaman Agency had said. separation and up-gradation of the said. “The rising interest in this supply power system. “Green Hydrogen Mission is not only option is driven by the falling costs She said there is a need to provide essential to decarbonise heavy of renewable power and by systems choice to the consumers by providing industries like steel and cement, it integration challenges due to rising competition, adding that the also holds the key to clean electric shares of variable renewable power distribution companies all over the mobility that doesn’t depend on supply. The focus is on deployment country are monopolies. “A framework rare minerals,” Ulka Kelkar, director, and learning-by-doing to reduce will be put in place to give consumers Climate, World Resources Institute, electrolyser costs and supply chain alternatives to choose from among India, told Down To Earth. logistics. This will require funding. more than one distribution company,” Policy makers should also consider Moreover, the hydrogen that the FM said. how to create legislative frameworks minister talked about was to be Commenting on the development, that facilitate hydrogen-based sector generated from green sources. experts said the budget puts coupling,” it added. additional pressure on discoms to “Hydrogen can be generated from Focussing on the production of improve by providing the choice of many sources. But what the minister green hydrogen in India would mean suppliers to consumers through a talked about was the hydrogen significantly ramping up the current special framework. sources from renewable sources,” renewable energy infrastructure “This has been pending for a long time Samrat Sengupta, director, Climate across the country, according to and is welcome and will require the Change and Renewable Energy experts. separation of carriage and content,” programme, Centre for Science and Somesh Kumar, Partner and Leader, Environment, a Delhi-based non- “Green hydrogen energy is vital Power & Utilities, EY India said. profit, said. for India to meet its Nationally Determined Contributions and ensure The Finance Minister said the power The emphasis on hydrogen in regional and national energy security, sector has seen “remarkable” reforms the budget was in line with the access and availability.
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